I'm seeking as many opinions as I can get from people with knowledge of financial advising and/or trusts & estates and/or estate planning, about what my parents (in their 80s) ought to do with their $250,000 in liquid assets. I'm NOT looking for the kind of detailed plan we'd get from an advisor whom we hire; I'm looking for short, quite general, common sense answers (such as "These ONE OR TWO types of instruments are good/bad; all others are to be avoided/considered.") I'm also looking for as many answers as I can get. In order to get that assortment of answers, I want to disclose only a very few specific things about the folks: 1. they currently rent an apartment; they do not own a home. 2. they are in their 80s--relatively healthy and can drive, shop, take care of themselves, but I'm not sure how long that'll last. I'd like to see them in a retirement community within a couple years. 3. Their only income (which doesn't amount to much) is social security. 4. They lose about $2,100 in total expenses every month. That's just about equal to what they take in each month. 5. Their one and only significant asset is a liquid $250,000. Okay, at their age, and considering all the above, WHAT IS/ARE THE MOST PRACTICAL THING(s) THEY SHOULD DO WITH THAT LUMP OF LIQUID MONEY? THANK YOU from their worried adult child with a family of my own!
posted by losdavos
on Oct 24, 2013 -
I have an iPhone (an AT&T 3GS in the United States) that I no longer use. My husband wants to use it as a cellphone for very occasional outgoing and incoming calls. He is willing to find a wifi hotspot in lieu of having a data plan. We took out a 10-cent per minute, 20-cent per text plan with AT&T for $100 a year, which seemed like a good deal but he is receiving dunning calls for whoever had the phone number before, as well as advertising text messages, and we want.it.to.stop. Before we call AT&T and raise holy hell, do we have any alternatives? We would love to find a plan where we prepay a fixed (relatively small) amount, then replenish it a few months or years down the road, when he's used enough minutes/texts to require it. Y'know, something like an EZPass. Does such an animal exist?
posted by DrGail
on Oct 11, 2013 -
I need a phone plan (US). All the options seem bad. Can anyone think of an option I've missed? Special snowflake details inside. [more inside]
posted by carolr
on Sep 4, 2013 -
I've just re-taken up running (well, walking still at this point) and I want to use my off days for basic strength training. Is there an app that will help with this? [more inside]
posted by China Grover
on Aug 5, 2013 -
I am organising a specialty holiday in Malaga, Spain for a fortnight this September. An awesome chef has come on board. Now what? [more inside]
posted by Mistress
on Jul 24, 2013 -
My work is holding an event in a 2,500 seat theatre. The actual invitations and ticketing are not a problem, but we need a way to plan where the various VIPs, media, public etc will be sitting. [more inside]
posted by peppermintfreddo
on May 13, 2013 -
I am a technology teacher who is starting a careers project with my middle schoolers next month. [more inside]
posted by aetg
on Jan 11, 2013 -
Help me find a straightforward 1-2 weekend DIY outdoor rabbit hutch plan. It's a Christmas present for my sister, who is 12 and not necessarily the most responsible. More (ranty) details inside. [more inside]
posted by ethidda
on Nov 30, 2012 -
First timers to Colorado, I am excited. Flying in to Denver on Wednesday morning, staying until Sunday morning, renting a car.
Thats 4 whole days.
Please suggest places at this time of the year.
Looking for scenic drive, outdoor tour etc
Is driving from Denver to Aspen, to Boulder feasible?
How about a road trip to Grand Canyon?
Don't want to be out in Cold so much due to old age at the same time would like see the scenic places accessible and safe this time of the year.
Appreciate your help.
posted by daveg02
on Nov 19, 2012 -
How strongly should I feel about hanging on to my grandfathered AT&T unlimited data plan? [more inside]
posted by escabeche
on Nov 4, 2012 -
So...I am currently in my last year of law school (woo!) and I want to plan a wonderful winter holiday as a last hurrah before I enter the work force and having substantially less time off. Guidance and sage wisdom needed! [more inside]
posted by allthingsconsidered
on Oct 21, 2012 -
I don't know what I want to be when I grow up. Problem is, I just turned 45. Help me work out what to do next. [more inside]
posted by b33j
on Sep 4, 2012 -
Two single girls driving up to Toronto from Indianapolis for a 4 day weekend.. what should we do and other questions! [more inside]
posted by xicana63
on Aug 25, 2012 -
Help me find a wedding planning website. Tried 'theknot.com' and I can't get past how disorganized & visually chaotic it is. [more inside]
posted by luciddream928
on Jul 16, 2012 -
I'm Dharma, he's Greg. Or vice versa. Help us figure out how to make a wedding that we're both happy with, so we can get married already! [more inside]
posted by corb
on Jul 9, 2012 -
So I have an idea for software related to my industry. I've thought about it, sketched it out, looked at existing/similar products and talked to some friends in the same line of work -- and I still think it's a good idea. Next step is ...? [more inside]
posted by Buffaload
on Jun 26, 2012 -
Moving to Berlin from San Francisco in October, and I'd like some advice for finding both a cell phone plan and a broadband service for my apartment. [more inside]
posted by Yiggs
on Jun 12, 2012 -
Is there a twitter client that will use wifi when its available and sms when its not? [more inside]
posted by Rubbstone
on Apr 29, 2012 -
Help me plan a 10-year anniversary party (to be on par with a wedding reception) for my boyfriend and myself. Specifically, what might our guests expect from the evening? [more inside]
posted by youngergirl44
on Apr 26, 2012 -
She's 14 weeks pregnant and happy about it. So far, the only test she's had is a pregnancy test. What did she miss? [more inside]
posted by pseudostrabismus
on Apr 19, 2012 -
Were doing an addition to our house, mainly a new kitchen. But included in our wish list is a set of french doors and we must move the washer and dryer to a new location outside the main house. I had a highly recommend contractor come over to take a look. After going over our "wish list" he said the way to proceed is to make a "as built" set of drawings of the property with set-backs, electrical, etc. He does the drawings work himself and charges $50 an hour. Says the entire preliminary drawing could cost up to approx. $5000.
My head hurt for awhile and I am just not clear on the best way to proceed.
I know we cannot afford all the work we want to get done.
I know we are willing to work with cabinetry from places such as IKEA or Home Depot, if that really makes a difference.
I know I want to have everything up to code and work with permits on the job.
I know my head hurts.
I started my own overview house plan using Google SketchUp and the help of this very forum, but it is very preliminary and I am not sure if I am up to making it a complete drawing with gas, elec, plumb, etc that would be necessary for the final job drawings.
What I am asking for is help on how to wrap my head around this project. Am I being naive to think that this can all be done without spending 5K on drawings alone? What else am I missing here??
posted by silsurf
on Mar 23, 2012 -
What can I do to bend Verizon to my will? Or is it time to head out in search of greener pastures? [more inside]
posted by RolandOfEld
on Jan 30, 2012 -
I have an internet marketing concept that might be useful. Unfortunately this is not my field and I'm in over my head. What are some steps I can take to turn my concept into reality. [more inside]
posted by mizrachi
on Dec 19, 2011 -
Can/do cell phone re-sellers (for the big four) offer better deals on PLANs or are they only authorized to offer better deals on PHONEs. [more inside]
posted by n-palmer
on Nov 16, 2011 -
Cell phone ninjas, hack my phone life! What is the best cell phone and plan for me? [more inside]
posted by enzymatic
on Oct 21, 2011 -
What is the cheapest cell phone plan in the U.S. available with one of the major carriers, no data wanted or needed, and not a lot of minutes needed either? [more inside]
posted by scrubbles
on Oct 7, 2011 -
How difficult is it to get a replacement from Staples using their protection plan? There's nothing wrong with the item in question, but I'd like to sell it and if I can replace it for a new one I imagine I could get more for it.
Also, is there any way to transfer the plan to a buyer since there's still over a year on it? [more inside]
posted by blunt_eastwood
on Sep 19, 2011 -
Can someone please explain to me, simply, how my life will be better with Obama's health plan? [more inside]
posted by zenpop
on Sep 12, 2011 -
Dear metafilter: I'd like to get your opinion about this eating
plan. I'm a 5'6 36 year old woman and I need to lose 20lbs to have a normal BMI. I've been strength training 4 times a week for eight weeks. I've been trying to eat only whole foods and lots of vegetables since the beginning of the year but I've not lost any weight mostly because I will eat big fatty meals at a restaurant after being good all week. I also haven't been counting calories and even though i've been eating whole foods my snacks of hummus and cheese and crackers have probably had too many calories. The only exception to the whole foods has been chocolate from the office candy jar and diet soda, which I really need to quit. [more inside]
posted by bananafish
on May 14, 2011 -
Health insurance filter: Is this really an employer group plan or something else? Should we be leery? [more inside]
posted by ninjakins
on Mar 17, 2011 -
I currently have the iPhone 4 with the $20/month unlimited texting and the old-school "unlimited" data plan. I no longer want the unlimited texting, yet I don't want to lose the old "grandfathered" data plan? Can this be done? [more inside]
posted by sourwookie
on Dec 15, 2010 -
Where can I get a clip from a specific Mythbusters
episode to use for a third grade class on the scientific method? [more inside]
posted by Mrs. Pterodactyl
on Nov 13, 2010 -
Walk me through this complicated transfer of two separate Verizon phone numbers onto an AT&T family plan. [more inside]
posted by billtron
on Sep 27, 2010 -
anybody have experience with the gas company, National Grid, warranty/sevice plan for home heat? [more inside]
posted by daveo'h
on Sep 21, 2010 -
Is there any reason not
to get a Wind Mobile voice plan, if I'm almost always in Toronto (a 'Wind Zone') and prioritize not having a contract? [more inside]
posted by Beardman
on May 13, 2010 -
I'm looking for good mobile websites that are mainly text and update often, with individual content brief enough that I can finish reading by the time the bus comes.
Despite what it might imply, texts from last night
perfectly encapsulates what I want. I just want more of it. And maybe for it to be informative on top of entertaining. Just something internet-y that I can browse for 3-5 minutes at a time.
posted by ictow
on Apr 9, 2010 -
My friend is trying to start a business and is currently writing his business plan. He needs to do market research, but is having trouble finding the information he needs on google or other searches. Any tips on how to do market research for free without paying for a consulting service? If that is the only way, what is the pricing like for those services? Thanks!
posted by tessalations999
on Jan 29, 2010 -
Picking a better Canadian mobile provider is driving me out of my wits. Please halp? [more inside]
posted by Devika
on Jan 21, 2010 -