Search found 11604 matches

by ResearchMed
Sun Jun 13, 2021 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Preparer Error - Help!
Replies: 16
Views: 898

Re: Tax Preparer Error - Help!

Do you/spouse have W-2 income? If yes, to avoid the penalty/interest you could deposit the IRS refund check and increase your payroll tax withholdings (with a new W-4) for the remainder of 2021 in an amount sufficient to meet one of the safe harbor rules (i.e., 100%/110% of 2020 tax liability or 90...
by ResearchMed
Sun Jun 13, 2021 2:36 pm
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 91
Views: 4993

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

Does anyone else have a 403b plan at TIAA with "n o more money allowed into TREA" (other than growth)? If so, is there a reason given? RM Not me, but my 403b is still at 3% so it must not have been updated yet. Again it would concern me if there was no advanced notice of the policy, and i...
by ResearchMed
Sun Jun 13, 2021 2:30 pm
Forum: Personal Consumer Issues
Topic: Fence & Cameras - Anticipated conflict with neighbor - asking how you would handle this situation?
Replies: 20
Views: 1318

Re: Fence & Cameras - Anticipated conflict with neighbor - asking how you would handle this situation?

We did contact a real estate attorney, he said to let the fence people do their job, and if the property ends up on our side of the fence we can do with it as we see fit. I will again go over to the neighbor and go over the survey - I just don't think it will help. thanks for everyone's advice. The...
by ResearchMed
Sun Jun 13, 2021 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Preparer Error - Help!
Replies: 16
Views: 898

Re: Tax Preparer Error - Help!

My CPA messed up several things on this year's taxes, the important one was that I had a large refund coming that I wanted applied to next year's taxes, so I didn't make an estimated tax payment in the 1st quarter (we plan to do Roth conversions). Her first pass had this wrong (asking for refund) a...
by ResearchMed
Sun Jun 13, 2021 2:08 pm
Forum: Personal Consumer Issues
Topic: Fence & Cameras - Anticipated conflict with neighbor - asking how you would handle this situation?
Replies: 20
Views: 1318

Re: Fence & Cameras - Anticipated conflict with neighbor - asking how you would handle this situation?

Do take seriously - and check with an appropriate attorney - whether the neighbors may have some (or many?!) rights to this particular section of property due to adverse possession or something similar. This can differ considerably from jurisdiction to jurisdiction. You should at the least KNOW what...
by ResearchMed
Sun Jun 13, 2021 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Immediate Annuity, opinions wanted
Replies: 19
Views: 1378

Re: Immediate Annuity, opinions wanted

I don't have any advice on your personal circumstances, but offer a recent Morningstar podcast as an interesting overview of annuities. Podcast is "The Long View" hosted by C. Benz and J. Ptak. Guest is Kerry Pechter who evidently writes extensively on annuities. https://www.morningstar.c...
by ResearchMed
Sun Jun 13, 2021 11:29 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 91
Views: 4993

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

About those visits: Make sure that they are at least occasionally withOUT advance notice to anyone there (not even relative, lest they mention something). You'll want to see how things are going when they are not expecting you. As of more recent I'm allowed two half hour visits/week, pre-booked tim...
by ResearchMed
Sun Jun 13, 2021 10:38 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 91
Views: 4993

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

Does anyone else have a 403b plan at TIAA with "n o more money allowed into TREA" (other than growth)? If so, is there a reason given? RM Not me, but my 403b is still at 3% so it must not have been updated yet. Again it would concern me if there was no advanced notice of the policy, and i...
by ResearchMed
Sun Jun 13, 2021 10:20 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 91
Views: 4993

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

@ Seajay: We have that contingency covered: Long-term Care Insurance (LTCI) . The insurance isn't cheap but we subscribe to it preserve our estate, as well as to have a place to go when we can't take care of ourselves. A good plan/tip :beer. Given parental history something that I should also do (a...
by ResearchMed
Sun Jun 13, 2021 10:15 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 91
Views: 4993

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

At least one reply above mentioned that TIAA wants to convince institutions to move away from the 3% guarantee product. It is true. In current interest rate environment it is tough for TIAA to maintain it. For whatever reasons, our university decided to hire a consultant to review our 403B offering...
by ResearchMed
Sun Jun 13, 2021 9:08 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 91
Views: 4993

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

i would hope you are right and that we will start seeing in-plan immediate annuities (i.e. plain vanilla payout annuities) being offered at institutional pricing (i.e. better than what a retail invest could get on their own) but i doubt it. cheers, grok Funny that you mention that. The company I re...
by ResearchMed
Sun Jun 13, 2021 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Medical service provider asks for consent to pursue insurance company
Replies: 59
Views: 3836

Re: Medical service provider asks for consent to pursue insurance company

Our insurer is BCBS which isn't a self-funded. So my understanding is that we are covered by the NJ no surprise billing law. Thanks. Just to double-check on this.. you're under an ACA or a very small company plan? Many "self-funded" plans use BCBS/Anthem/etc to administer their plans.. bu...
by ResearchMed
Sun Jun 13, 2021 7:16 am
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 217
Views: 16535

Re: What are your travel plans in 2021 and beyond?

I wagered $355 for chicago to Zurich roundtrip in September. It is not even opened to US citizens yet. I'm hoping for vaxports but I can always take the tests if I have to. And now comes the mysteries of international travel bureaucracy. Starting July 1, vaxed US citizens can enter Switzerland as t...
by ResearchMed
Sun Jun 13, 2021 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Immediate Annuity, opinions wanted
Replies: 19
Views: 1378

Re: Immediate Annuity, opinions wanted

I am not ready for this just yet. I am 59 yrs old, own my own business and trying to figure out how much money I will need to retire. I was speaking with my advisor at Fidelity and as part of a retirement plan he suggested an immediate annuity. I figure our expenses will be about $150K to $170K in ...
by ResearchMed
Sun Jun 13, 2021 6:58 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 91
Views: 4993

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

At least one reply above mentioned that TIAA wants to convince institutions to move away from the 3% guarantee product. It is true. In current interest rate environment it is tough for TIAA to maintain it. For whatever reasons, our university decided to hire a consultant to review our 403B offering...
by ResearchMed
Sat Jun 12, 2021 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Medical service provider asks for consent to pursue insurance company
Replies: 59
Views: 3836

Re: Medical service provider asks for consent to pursue insurance company

I'm not a general surgeon, so I don't do laparoscopic appendectomies, but I am a sub specialist surgeon. I know that lap appys are a simple surgery and don't require an assist. I can also say that 11k would be a very handsome fee for the PRIMARY surgeon to get paid for a complicated surgery. An ass...
by ResearchMed
Sat Jun 12, 2021 8:01 pm
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 91
Views: 4993

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

If they do switch to the new versions at some point, I suspect that participants would be able to keep their accumulations in the old versions, with no further contributions allowed. New contributions would have to go to the new versions. That worked for IRAs, sort of (limited grandfathering), but ...
by ResearchMed
Sat Jun 12, 2021 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Medical service provider asks for consent to pursue insurance company
Replies: 59
Views: 3836

Re: Medical service provider asks for consent to pursue insurance company

This is the classic "surprise billing" scenario, and believe it or not, $11,000 is not an unusual fee for the mystery "assistant surgeon". I work in appeals for an insurance company, and we do not authorize exorbitant payment for this legal scam. What happens to the claimed &quo...
by ResearchMed
Sat Jun 12, 2021 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Medical service provider asks for consent to pursue insurance company
Replies: 59
Views: 3836

Re: Medical service provider asks for consent to pursue insurance company

I thought our assorted signed forms at any hospital (or physician office as well) already included permission to bill insurer, etc.
Does that not include pursuing them if they deny a claim? That doesn't quite make sense.

RM
by ResearchMed
Sat Jun 12, 2021 11:17 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 91
Views: 4993

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

Here’s one of my favorite articles on annuities (see page 18): https://www.soa.org/globalassets/assets/library/newsletters/retirement-section-news/2019/february/rsn-2019-iss97.pdf Some excerpts: As we developed that study, we became increasingly disillusioned with the standard academic approach to ...
by ResearchMed
Sat Jun 12, 2021 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Roll-over non-COLA pension lump sum into 401(k) or IRA?
Replies: 4
Views: 486

Re: Roll-over non-COLA pension lump sum into 401(k) or IRA?

Hello, I'd like to get some advice from folks here. Here's my current situation: Age: 56 Single, no kids $160/year base salary (can get more with OT and bonuses) 401(K): $1 million IRAs: $38K Current investment style: 90/10 (aggressive, but I'm comfortable with it.) <-- this can change Pension from...
by ResearchMed
Fri Jun 11, 2021 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical to Work with Two Realtors?
Replies: 25
Views: 2824

Re: Ethical to Work with Two Realtors?

I am interested in down-sizing to a new house, now that my kids have flown the coop. Obviously, inventory is very tight now. I approached one local realtor, described what I was looking for, and asked her to keep her eyes out. Are there any problems with asking another realtor to also be on the loo...
by ResearchMed
Fri Jun 11, 2021 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate agent reluctant to show offers to the seller prior to decision
Replies: 91
Views: 8002

Re: Real estate agent reluctant to show offers to the seller prior to decision

If your agent has information that would allow you to sell the property for more, not only are they most certainly obligated to tell you, they are incentived to tell you. If only it were this easy... As some have already suggested in the current case, and definitely in some other cases, there can b...
by ResearchMed
Thu Jun 10, 2021 7:40 pm
Forum: Personal Consumer Issues
Topic: Elder care robotics
Replies: 34
Views: 2122

Re: Elder care robotics

JonnyDVM wrote: Thu Jun 10, 2021 6:48 pm
cheese_breath wrote: Thu Jun 10, 2021 2:04 pm I wouldn't want a robot changing my diaper.
Don’t worry, no robot wants that job

I hold BOTZ. I firmly believe this will be a large part of the future economy.
Are there any mutual funds (not ETFs) that cover areas like this?

RM
by ResearchMed
Thu Jun 10, 2021 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate agent reluctant to show offers to the seller prior to decision
Replies: 91
Views: 8002

Re: Real estate agent reluctant to show offers to the seller prior to decision

I am no expert, but isn’t it the realtors job to examine all the offers and present the best one to you? Why are you trying to micromanage them? I’ve never actually sold a home,only bought so I am ignorant in this area. galawdawg gave a very good explanation. But a shorter version is: How could the...
by ResearchMed
Thu Jun 10, 2021 1:41 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care insurance premium increase
Replies: 16
Views: 1763

Re: Long Term Care insurance premium increase

Ordinarily, I wouldn't like Option 2 at all, and I haven't heard of that type of choice when there's a premium increase to deal with. Reason is that IF someone couldn't match that co-pay, it seems they might forfeit all benefits - but not sure how that would be handled. However, the Social Security ...
by ResearchMed
Wed Jun 09, 2021 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding what to bid on a second home in an insanely hot market
Replies: 38
Views: 4662

Re: Deciding what to bid on a second home in an insanely hot market

I owe you all a follow-up: We had our offer accepted today. Listing price was $415K. We included an escalation clause up to $462K in our offer, because we really wanted the property (insane, I know. I just lost all street cred with true Bogleheads.) Our offer was accepted at $437K, all cash. There ...
by ResearchMed
Wed Jun 09, 2021 11:56 am
Forum: Personal Consumer Issues
Topic: Vanguard Ignores Mailing Address as POA/Agent
Replies: 9
Views: 635

Re: Vanguard Ignores Mailing Address as POA/Agent

I think I had this taken care of by phone. Will see. I notice there is a new notice of incapacity form. What would be the benefit of filing it? What type of POA do you have? If it isn't Durable POA, be careful with this. If it's a plain vanilla POA, then it probably would become invalid upon the in...
by ResearchMed
Tue Jun 08, 2021 11:58 am
Forum: Personal Finance (Not Investing)
Topic: How to think about home insurance replacement value
Replies: 6
Views: 545

Re: How to think about home insurance replacement value

I have insured my 1850 home with State Farm that has stated replacement value > FMV, but even at this inflated amount, I seriously doubt I could rebuild a like quality home today at quoted replacement value. if there is a total fire loss, won't I be able to negotiate with insurer to have them cut m...
by ResearchMed
Tue Jun 08, 2021 7:27 am
Forum: Personal Investments
Topic: PRIMECAP vs S&P500?
Replies: 37
Views: 3452

Re: PRIMECAP vs S&P500?

See link: https://investor.vanguard.com/investing/benefits/flagship Regards, Thanks. Oh well. :mrgreen: :o Seems it will be quite a while before I hit this status :D There is a backway into POAGX (PRIMECAP Odyssey Aggressive Growth Fund) which is a closed fund, and you don't have to be flagship to ...
by ResearchMed
Mon Jun 07, 2021 5:41 pm
Forum: Personal Consumer Issues
Topic: Whole Home Generator Advice
Replies: 97
Views: 6487

Re: Whole Home Generator Advice

A whole home generator is exactly that - a whole home generator. Don't skimp on size vs. your potential peak load. It's expensive enough to do once, don't wind up in a situation where you've got to upgrade and do it again. It should be able to run central A/C and all appliances, or central heat and...
by ResearchMed
Mon Jun 07, 2021 1:12 pm
Forum: Personal Consumer Issues
Topic: Credit card for traveling
Replies: 20
Views: 1502

Re: Credit card for traveling

What’s the current best-in-class credit card for traveling with access to lounges, points and no foreign transaction fees? We are thinking about traveling again both domestic and international in a few months. Thanks. You asked a several questions with no 1 answer. There are, IMO, only two options ...
by ResearchMed
Sun Jun 06, 2021 11:01 pm
Forum: Personal Consumer Issues
Topic: Need a new mattress but only for a short time: what to do?
Replies: 15
Views: 1515

Re: Need a new mattress but only for a short time: what to do?

DW and I need a new mattress. After spending many hours researching mattresses online and going in store to check them out, we have zeroed in on options we like in the $1500-2000 range, which are comfortable & ecofriendly (in case you're wondering it's the Nest Natural Latex Hybrid & Brentw...
by ResearchMed
Sun Jun 06, 2021 9:25 pm
Forum: Personal Consumer Issues
Topic: Hacking
Replies: 22
Views: 2228

Re: Hacking

I just talked with a friend of mine yesterday and she said that she has been the victim of a severe hacking. She claims that the hacker has gotten into her Amazon account, credit cards, iPhone and computer itself. She says that the hacker knows passwords as soon as she sets new ones up, as if they ...
by ResearchMed
Sun Jun 06, 2021 7:09 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rates for different time windows
Replies: 23
Views: 1754

Re: Safe withdrawal rates for different time windows

This PDF content includes data down to 15 years (by Philip L. Cooley, Carl M. Hubbard and Daniel T. Walz). What is happening on page 17 (of original page numbering) with the first row under 75%/25% (the second "block" of numbers)? There is a line for "30 Years" for the top line ...
by ResearchMed
Sun Jun 06, 2021 6:41 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rates for different time windows
Replies: 23
Views: 1754

Re: Safe withdrawal rates for different time windows

This PDF content includes data down to 15 years (by Philip L. Cooley, Carl M. Hubbard and Daniel T. Walz). Thanks. The above is THE Trinity Study 1998 edition. Cooley, Walz, and Hubbard are at Trinity University, San Antonio, TX. Anything like this more recent than 1998? (I'm not sure how much life...
by ResearchMed
Sun Jun 06, 2021 5:34 pm
Forum: Personal Consumer Issues
Topic: Credit card for traveling
Replies: 20
Views: 1502

Re: Credit card for traveling

The Points Guy is pushing the Chase Sapphire Preferred as the best overall value. The point transfer value is good, but it's lacking in terms of lounge access. If that's important, I'd consider the Reserve, though the yearly fee is $550 for the Reserve, as opposed to $95 for the Preferred. I think ...
by ResearchMed
Sun Jun 06, 2021 5:30 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rates for different time windows
Replies: 23
Views: 1754

Re: Safe withdrawal rates for different time windows

This PDF content includes data down to 15 years (by Philip L. Cooley, Carl M. Hubbard and Daniel T. Walz). Thanks. The above is THE Trinity Study 1998 edition. Cooley, Walz, and Hubbard are at Trinity University, San Antonio, TX. Anything like this more recent than 1998? (I'm not sure how much life...
by ResearchMed
Sun Jun 06, 2021 4:52 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rates for different time windows
Replies: 23
Views: 1754

Re: Safe withdrawal rates for different time windows

Planning to work into your mid to late 70s might not work out as well as you hope, average life expectancy for a a US male is something like 77 years. DH is almost 80, and still "working" far more than "40 hours". We sort of joke that if he retired, he'd probalbly continue to do...
by ResearchMed
Sun Jun 06, 2021 3:48 pm
Forum: Personal Consumer Issues
Topic: Credit card for traveling
Replies: 20
Views: 1502

Re: Credit card for traveling

The Points Guy is pushing the Chase Sapphire Preferred as the best overall value. The point transfer value is good, but it's lacking in terms of lounge access. If that's important, I'd consider the Reserve, though the yearly fee is $550 for the Reserve, as opposed to $95 for the Preferred. I think ...
by ResearchMed
Sun Jun 06, 2021 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards for the kids
Replies: 25
Views: 2317

Re: Credit cards for the kids

No one under 18 can legally have a credit card, or no one under 18 can legally have a credit card "on their own", without being an authorized user, or having a co-signer or guarntor? Or perhaps no one under 18 is legally responsible for debts, in which case the card issuer would be somewh...
by ResearchMed
Sun Jun 06, 2021 2:02 pm
Forum: Personal Consumer Issues
Topic: Credit card for traveling
Replies: 20
Views: 1502

Re: Credit card for traveling

The Points Guy is pushing the Chase Sapphire Preferred as the best overall value. The point transfer value is good, but it's lacking in terms of lounge access. If that's important, I'd consider the Reserve, though the yearly fee is $550 for the Reserve, as opposed to $95 for the Preferred. I think ...
by ResearchMed
Sun Jun 06, 2021 1:29 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2893
Views: 287464

Re: [What TV Show Have You Recently Watched?]

Yesterday evening: Mozart's Don Giovanni on the Metropolitan Opera streaming service: https://www.metopera.org/user-information/nightly-met-opera-streams/ They have one Opera each evening, available at no charge. The titles rotate. (We have a subscription.) The on-demand performance we watched last ...
by ResearchMed
Sat Jun 05, 2021 4:47 pm
Forum: Personal Consumer Issues
Topic: Shower Water Filter
Replies: 24
Views: 1769

Re: Shower Water Filter

Is this something recent, or did you recently move?

I assume she's tried a few "cream rinse" type of products?
Those can vary a lot in how they "work".

RM
by ResearchMed
Sat Jun 05, 2021 4:44 pm
Forum: Personal Consumer Issues
Topic: Whole Home Generator Advice
Replies: 97
Views: 6487

Re: Whole Home Generator Advice

From personal experience I’d try to stay away from Generac. My local dealer installs and services generac and Kohler. We have a generac and have unfortunately gotten to know our tech quite well. When asked what brand would he buy for himself he said kohler. Easier to work on and less problems was h...
by ResearchMed
Sat Jun 05, 2021 4:14 pm
Forum: Personal Consumer Issues
Topic: Dark chocolate addicts: how much do you eat?
Replies: 45
Views: 3489

Re: Dark chocolate addicts: how much do you eat?

Does anyone know of a top quality very dark chocolate (e.g. 85%?) that is packaged in small portions? We try to eat "just one square", but it's soooo toooo easy to have "just one more square". :annoyed Something that is just solid dark chocolate, no soft filling like truffles. Th...
by ResearchMed
Sat Jun 05, 2021 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Can we talk about what I think is a blind spot in our retirement planning?
Replies: 149
Views: 12961

Re: Can we talk about what I think is a blind spot in our retirement planning?

Well i treat this very easily. I am hoping for a portfolio that would generate 10K$ per month to spend it with my wife on travels, hotels and other activities. In case of divorce (highly unlikely) i guess a 5K$ per month would be fine for me to enjoy the same activities alone :) We should not overt...
by ResearchMed
Fri Jun 04, 2021 3:47 pm
Forum: Personal Consumer Issues
Topic: How should I handle how my customer / store issue?
Replies: 43
Views: 3569

Re: How should I handle how my customer / store issue?

Update: The store agreed to accept the return of the item for a full refund, however, would not provide a shipping label for me to use to return the item. Since I need to get my money back, I paid out of pocket to return the item and it is now on it's way back. I will know late next week whether th...
by ResearchMed
Fri Jun 04, 2021 2:21 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 217
Views: 16535

Re: What are your travel plans in 2021 and beyond?

RickBoglehead wrote: Fri Jun 04, 2021 2:02 pm Everywhere and anywhere. Retiring in 7 days. Vaccinated, anything goes. Woohoo!
Terrific!
Send us all lots of postcards :D

RM
by ResearchMed
Fri Jun 04, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: How do I convince my cousin they are doing OK and not to take unwarranted risk?
Replies: 61
Views: 4226

Re: How do I convince my cousin they are doing OK and not to take unwarranted risk?

skor99 wrote: Fri Jun 04, 2021 12:08 pm This business would be their primary source of income and a full
Time venture, so not an alternative investment
Ouch.

So he/they would be investing that large amount of their assets AND having the mostly sole support leave his job and work for this same venture?

WAY too much risk!

RM