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Any financial guru's here?
#51
RE: Any financial guru's here?
(March 8, 2020 at 5:45 pm)Brian37 Wrote:
(March 8, 2020 at 5:36 pm)BrianSoddingBoru4 Wrote: *puzzled frown* Not me. All I’ve ever done is point out some mistakes you’ve made in an effort to help you be a better person.

Boru

You got me Obi Wan. Or are you the master in "Kung Fu" and I am the "grasshopper".

See, this sort of comment is exactly why you need my help.

Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson
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#52
RE: Any financial guru's here?
(March 8, 2020 at 7:58 pm)BrianSoddingBoru4 Wrote:
(March 8, 2020 at 5:45 pm)Brian37 Wrote: You got me Obi Wan. Or are you the master in "Kung Fu" and I am the "grasshopper".

See, this sort of comment is exactly why you need my help.

Boru

fixt that for ya
  
“If you are the smartest person in the room, then you are in the wrong room.” — Confucius
                                      
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#53
RE: Any financial guru's here?
Not a guru but I know a few things. Annuities can be complicated. Pay a financial advisor to review your situation - one who is independent and won't be drawing a commission off your nest egg.
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#54
RE: Any financial guru's here?
(March 8, 2020 at 7:29 pm)arewethereyet Wrote:
(March 8, 2020 at 7:22 pm)Fireball Wrote: Talk to your friends and acquaintances about who they use to do investing for them. My parents-in-law vetted the agency I'm using. They have quite a record. My PiL retired with $X, their investment is now worth $14X, and there is a required annual disbursement due to age that is almost the amount they retired with and invested- and it is still increasing. That is of course, 30 years in. Too bad for you that they are on the opposite coast, but there are bound to be others near you. My own account has increased about 30% in the last 3 years. And they only charge about .07% to do all that!

Sound advice but I am going under the assumption that Brian doesn't run in a circle of people with inherited wealth.
Neither do I. My MiL is still alive! The same type of people can help Brian as help me. Personally, I'd recommend that Brian get employment, even if it's minimum wage. That will likely put a buffer between him and truly abject poverty. It is at least something.
If you get to thinking you’re a person of some influence, try ordering somebody else’s dog around.
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#55
RE: Any financial guru's here?
This is kinda scaring me. Never had a problem getting a hold of my financial advisors at my local branches, 3 of them. But just now I've been getting dumped like a hot potato with each pointing to the other. My main advisor is "on vacation" until friday. Then I was told the other guy I deal with won't be available for a face to face apt till Tuesday.
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#56
RE: Any financial guru's here?
(March 8, 2020 at 9:14 pm)Fireball Wrote:
(March 8, 2020 at 7:29 pm)arewethereyet Wrote: Sound advice but I am going under the assumption that Brian doesn't run in a circle of people with inherited wealth.
Neither do I. My MiL is still alive! The same type of people can help Brian as help me. Personally, I'd recommend that Brian get employment, even if it's minimum wage. That will likely put a buffer between him and truly abject poverty. It is at least something.

I am not a Trump child by any stretch. I can say that my late mother left me enough that I can live off a budget without having to work for now. 

An no, I did minimum wage my entire working life. It certainly is honest work, sure. But I'd rather go broke than to run myself into the ground. 

Work a 7 years of Easter Sundays as a dishwasher at a breakfast joint. I'd almost call John McCain a pussy. <---- Not really, or by any stretch, but still.

Point is, and not just for me, but anyone. I hate this attitude that the class one ends up in should determine the ability to retire with dignity.  I am lucky, so far. But if my mom had not left me with what she did, there are far more with parents with far less than what she left me. And I spent my life working with others with far less of a safety net than I had. I don't like seeing old people working knowing they are forced to by economics.  Our economy increasingly has become work till you die.
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#57
RE: Any financial guru's here?
(March 9, 2020 at 10:03 am)Brian37 Wrote: This is kinda scaring me. Never had a problem getting a hold of my financial advisors at my local branches, 3 of them. But just now I've been getting dumped like a hot potato with each pointing to the other. My main advisor is "on vacation" until friday. Then I was told the other guy I deal with won't be available for a face to face apt till Tuesday.

It's not surprising. Blood is in the fucking water. If you can get a phone call, take it. FWIW, if these are annuities you inherited from your mother gut feelnis that they're likely fixed and you'll be ok. Seriously though, try to get an independent FA to look at your portfolio. It'll be worth it.
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#58
RE: Any financial guru's here?
(March 9, 2020 at 10:14 pm)Jackalope Wrote:
(March 9, 2020 at 10:03 am)Brian37 Wrote: This is kinda scaring me. Never had a problem getting a hold of my financial advisors at my local branches, 3 of them. But just now I've been getting dumped like a hot potato with each pointing to the other. My main advisor is "on vacation" until friday. Then I was told the other guy I deal with won't be available for a face to face apt till Tuesday.

It's not surprising.  Blood is in the fucking water.  If you can get a phone call, take it.   FWIW, if these are annuities you inherited from your mother gut feelnis that they're likely fixed and you'll be ok.  Seriously though, try to get an independent FA to look at your portfolio.   It'll be worth it.

I just finally got hold of my bank adviser, yes it is a fixed annuity. He gave me the 800 number for the company that provides it. 

EDIT, holy shit, FIXED IS FUCKING AWESOME. I just checked my balance through the company that provides it, even with all this I earned money.  EDIT, I should say " I made money". Investing isn't doing the labor yourself. It is simply using money to make money.  Labor worldwide, deserves the bulk of the credit. 

I LOVE YOU MOM!
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#59
RE: Any financial guru's here?
(March 12, 2020 at 10:23 am)Brian37 Wrote:
(March 9, 2020 at 10:14 pm)Jackalope Wrote: It's not surprising.  Blood is in the fucking water.  If you can get a phone call, take it.   FWIW, if these are annuities you inherited from your mother gut feelnis that they're likely fixed and you'll be ok.  Seriously though, try to get an independent FA to look at your portfolio.   It'll be worth it.

I just finally got hold of my bank adviser, yes it is a fixed annuity. He gave me the 800 number for the company that provides it. 

EDIT, holy shit, FIXED IS FUCKING AWESOME. I just checked my balance through the company that provides it, even with all this I earned money.  EDIT, I should say " I made money". Investing isn't doing the labor yourself. It is simply using money to make money.  Labor worldwide, deserves the bulk of the credit. 

I LOVE YOU MOM!

Happy for you. I know this is a relief. 

Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson
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#60
RE: Any financial guru's here?
(March 12, 2020 at 12:08 pm)BrianSoddingBoru4 Wrote:
(March 12, 2020 at 10:23 am)Brian37 Wrote: I just finally got hold of my bank adviser, yes it is a fixed annuity. He gave me the 800 number for the company that provides it. 

EDIT, holy shit, FIXED IS FUCKING AWESOME. I just checked my balance through the company that provides it, even with all this I earned money.  EDIT, I should say " I made money". Investing isn't doing the labor yourself. It is simply using money to make money.  Labor worldwide, deserves the bulk of the credit. 

I LOVE YOU MOM!

Happy for you. I know this is a relief. 

Boru

As much shit as you give me here?

I expect you to give me the same treatment as Mussolini got.

You suck as a Contrian. 

Lets get this right. I am Hitler, I am Stalin. But worst of all, I am an ABBA FAN.
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