Yo Wayne
 

My FIL is heavily invested with Edward Jones and they are slamming him
2% a year for mostly Hartford mutual funds. (They seem to be joined at
the hip) What is the easiest way for him to get out? I am going to see
them but I doubt they are going to be much help. Personally, at his
age, growth is not an issue. He could put the money in CDs and never
be able to spend it all. I am not in the will so I really don't have a
dog in that fight but Judy wants me to help because none of them know
much about this stuff.

Yo Wayne
 

On Wed, 26 Aug 2020 22:15:46 -0400, wrote:

My FIL is heavily invested with Edward Jones and they are slamming him
2% a year for mostly Hartford mutual funds. (They seem to be joined at
the hip) What is the easiest way for him to get out? I am going to see
them but I doubt they are going to be much help. Personally, at his
age, growth is not an issue. He could put the money in CDs and never
be able to spend it all. I am not in the will so I really don't have a
dog in that fight but Judy wants me to help because none of them know
much about this stuff.

===

I don't have a lot of experience with managed accounts but I think the
first step is to find out if any sort of contractural agreement exists
with Edward Jones. If so, you want to take a look at it and determine
what kind of exit provisions are written in. You might want to have a
lawyer help with that if it seems overly complicated.

If there is no contract I'd start out by determining where you'd like
the assets moved, presumably to a low cost/no cost firm like Charles
Schwab or Vanguard. Who ever you pick, consult with them for advice
on how to proceed. I once did that with Schwab when I wanted to pull
my money out of a different brokerage. They took care of everything
and my assets magically appeared in the new account a few days later
without me dealing with the old brokers.

Next step is to figure out what to do with the Hartford funds and
determine what their fees are. We should be able to look that up if
you know the exact fund names and/or symbols. All of that information
is online but it's important to have the exact name since there are
often different classes of the same fund, each with different fees and
provisions.

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Yo Wayne
 

On Thu, 27 Aug 2020 01:13:31 -0400,
wrote:

On Wed, 26 Aug 2020 22:15:46 -0400, wrote:

My FIL is heavily invested with Edward Jones and they are slamming him
2% a year for mostly Hartford mutual funds. (They seem to be joined at
the hip) What is the easiest way for him to get out? I am going to see
them but I doubt they are going to be much help. Personally, at his
age, growth is not an issue. He could put the money in CDs and never
be able to spend it all. I am not in the will so I really don't have a
dog in that fight but Judy wants me to help because none of them know
much about this stuff.

===

I don't have a lot of experience with managed accounts but I think the
first step is to find out if any sort of contractural agreement exists
with Edward Jones. If so, you want to take a look at it and determine
what kind of exit provisions are written in. You might want to have a
lawyer help with that if it seems overly complicated.

If there is no contract I'd start out by determining where you'd like
the assets moved, presumably to a low cost/no cost firm like Charles
Schwab or Vanguard. Who ever you pick, consult with them for advice
on how to proceed. I once did that with Schwab when I wanted to pull
my money out of a different brokerage. They took care of everything
and my assets magically appeared in the new account a few days later
without me dealing with the old brokers.

Next step is to figure out what to do with the Hartford funds and
determine what their fees are. We should be able to look that up if
you know the exact fund names and/or symbols. All of that information
is online but it's important to have the exact name since there are
often different classes of the same fund, each with different fees and
provisions.
OK thanks I was thinking something along those lines. We will be
talking to them today and see what they have to say for themselves.
I do think 2% for an account that has been static since 2009 is pretty
silly. We aren't talking about Bobby Axelrod here.

Yo Wayne
 

On Thu, 27 Aug 2020 13:21:36 -0400, wrote:

On Thu, 27 Aug 2020 01:13:31 -0400,
wrote:

On Wed, 26 Aug 2020 22:15:46 -0400, wrote:

My FIL is heavily invested with Edward Jones and they are slamming him
2% a year for mostly Hartford mutual funds. (They seem to be joined at
the hip) What is the easiest way for him to get out? I am going to see
them but I doubt they are going to be much help. Personally, at his
age, growth is not an issue. He could put the money in CDs and never
be able to spend it all. I am not in the will so I really don't have a
dog in that fight but Judy wants me to help because none of them know
much about this stuff.

===

I don't have a lot of experience with managed accounts but I think the
first step is to find out if any sort of contractural agreement exists
with Edward Jones. If so, you want to take a look at it and determine
what kind of exit provisions are written in. You might want to have a
lawyer help with that if it seems overly complicated.

If there is no contract I'd start out by determining where you'd like
the assets moved, presumably to a low cost/no cost firm like Charles
Schwab or Vanguard. Who ever you pick, consult with them for advice
on how to proceed. I once did that with Schwab when I wanted to pull
my money out of a different brokerage. They took care of everything
and my assets magically appeared in the new account a few days later
without me dealing with the old brokers.

Next step is to figure out what to do with the Hartford funds and
determine what their fees are. We should be able to look that up if
you know the exact fund names and/or symbols. All of that information
is online but it's important to have the exact name since there are
often different classes of the same fund, each with different fees and
provisions.
OK thanks I was thinking something along those lines. We will be
talking to them today and see what they have to say for themselves.
I do think 2% for an account that has been static since 2009 is pretty
silly. We aren't talking about Bobby Axelrod here.

OK we had the teleconference and one sibling wants out, one wants to
stay and the other two were not interested enough to participate. I
voted with the latter two, I'm out. Thanks for your insight.

I spent the time cleaning up the mess in the garage when the drywall
fell down.

Yo Wayne
 

On Thu, 27 Aug 2020 16:26:58 -0400, wrote:

I spent the time cleaning up the mess in the garage when the drywall
fell down.

===

That happened to us a few years ago - big mess. Any idea why? My
theory is that heat and humidity caused it to weaken over time. Our
garage has plenty of both in the summer. Is there any downside to
leaving it unfinished?

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Yo Wayne
 

Yo Wayne
 

On Thu, 27 Aug 2020 18:13:44 -0400,
wrote:

On Thu, 27 Aug 2020 16:26:58 -0400, wrote:

I spent the time cleaning up the mess in the garage when the drywall
fell down.

===

That happened to us a few years ago - big mess. Any idea why? My
theory is that heat and humidity caused it to weaken over time. Our
garage has plenty of both in the summer. Is there any downside to
leaving it unfinished?

Aesthetics mostly and the worry the rest will come down. I am
wondering if the wood dried out and the nails pulled out. There was no
sign of water or any other "usual suspect". (like raccoon turds). I do
think, when we find a drywall guy I will have him shoot screws in the
stuff that didn't fall since he will be taping and mudding anyway.

Yo Wayne
 

Yo Wayne
 

On Fri, 28 Aug 2020 20:27:48 -0400, Alex wrote:

wrote:
On Thu, 27 Aug 2020 18:13:44 -0400,
wrote:

On Thu, 27 Aug 2020 16:26:58 -0400, wrote:

I spent the time cleaning up the mess in the garage when the drywall
fell down.
===

That happened to us a few years ago - big mess. Any idea why? My
theory is that heat and humidity caused it to weaken over time. Our
garage has plenty of both in the summer. Is there any downside to
leaving it unfinished?
Aesthetics mostly and the worry the rest will come down. I am
wondering if the wood dried out and the nails pulled out. There was no
sign of water or any other "usual suspect". (like raccoon turds). I do
think, when we find a drywall guy I will have him shoot screws in the
stuff that didn't fall since he will be taping and mudding anyway.

Drywall is cheap.Â* Don't keep the damage_d stuff._

I would cut back to the last good sheet but the insulation is really a
bitch and I don't want to screw with any more than we have to. We are
going to sub this out anyway. Ceiling drywall is not something I am
going to do. I did it once in 1976 and never again. It was "one
manning" fire-x using home made "T" stands.

Yo Wayne
 

On Fri, 28 Aug 2020 21:52:34 -0400, wrote:

On Fri, 28 Aug 2020 20:27:48 -0400, Alex wrote:

wrote:
On Thu, 27 Aug 2020 18:13:44 -0400,
wrote:

On Thu, 27 Aug 2020 16:26:58 -0400, wrote:

I spent the time cleaning up the mess in the garage when the drywall
fell down.
===

That happened to us a few years ago - big mess. Any idea why? My
theory is that heat and humidity caused it to weaken over time. Our
garage has plenty of both in the summer. Is there any downside to
leaving it unfinished?
Aesthetics mostly and the worry the rest will come down. I am
wondering if the wood dried out and the nails pulled out. There was no
sign of water or any other "usual suspect". (like raccoon turds). I do
think, when we find a drywall guy I will have him shoot screws in the
stuff that didn't fall since he will be taping and mudding anyway.

Drywall is cheap.* Don't keep the damage_d stuff._

I would cut back to the last good sheet but the insulation is really a
bitch and I don't want to screw with any more than we have to. We are
going to sub this out anyway. Ceiling drywall is not something I am
going to do. I did it once in 1976 and never again. It was "one
manning" fire-x using home made "T" stands.

===

Do you think it would make sense to put up greenboard?

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