Search found 347 matches

by Gemini
Tue Aug 25, 2015 9:53 am
Forum: Personal Consumer Issues
Topic: LastPass Users' Feedback
Replies: 14
Views: 1031

Re: LastPass Users' Feedback

Re two factor auth: is one better than the other? I am looking at the free options offered.
by Gemini
Mon Aug 24, 2015 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: 2008 all over again...
Replies: 25
Views: 3925

Re: 2008 all over again...

whaleknives wrote:Yes, you're right. This may be the wrong forum to say it, but timing is everything. But also, the stock market is not the economy.


Can you expand on what this means for the not so savvy?
by Gemini
Mon Aug 24, 2015 10:02 am
Forum: Personal Consumer Issues
Topic: LastPass Users' Feedback
Replies: 14
Views: 1031

Re: LastPass Users' Feedback

So the only way to have 2 users with mobile and desktop access with one user having limited access is to either go enterprise or buy two premium versions and then share some folders? Regarding mobile: Is one of the multi-factor auth programs more secure than the other? Which one do you guys use and ...
by Gemini
Sun Aug 23, 2015 9:45 pm
Forum: Personal Consumer Issues
Topic: LastPass Users' Feedback
Replies: 14
Views: 1031

Re: LastPass Users' Feedback

What do I like about LastPass? In layman's terms "It works." I have been using the premium version for years now. Invaluable,with 60 or more passwords,easy access on phones,tablets,chrombook,etc. My spouse and I use the same premium account on all devices,hers and mine,full access for bot...
by Gemini
Sun Aug 23, 2015 8:47 pm
Forum: Personal Consumer Issues
Topic: LastPass Users' Feedback
Replies: 14
Views: 1031

LastPass Users' Feedback

I am looking to make the jump and wanted feedback. Can those of you who use LastPass chime in with feedback about what you like. dislike. etc. etc.? It would be also be helpful if you guys can share whether this is the only password manager you use currently, and if you have tried other password man...
by Gemini
Sun Aug 23, 2015 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

Ways to go before 250K, but thanks for bringing it up.
by Gemini
Sat Aug 22, 2015 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

Hmmm gets tricky when trying to add spouse :annoyed
by Gemini
Fri Aug 21, 2015 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

How can one add a spouse to the biz and start a i401k for the spouse? Does IRS scrutinize heavily? This is what I dug up: Both Solo 401k employee salary deferrals and employer profit sharing contributions must come from the revenue of the business. The employee salary deferrals must come from your c...
by Gemini
Thu Aug 20, 2015 10:14 am
Forum: Personal Finance (Not Investing)
Topic: How Much and How Long For Term Life Insurance for 28 yo/spouse?
Replies: 23
Views: 1314

Re: How Much and How Long For Term Life Insurance for 28 yo/spouse?

Good discussion. In the same boat, so good to see different viewpoints. Is there an increase in premiums simply due to age? Assuming similar health, is a policy more expensive for someone who is 1 or 2 or 3 years older? I wonder if the LI underwriters use a threshold i.e. an auto increase when one h...
by Gemini
Thu Aug 20, 2015 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

I was researching and it appears TDA reports contributions on a cash basis. True?

Is there an option to select employee vs employer contribution when adding funds? Or designating which year the funds should apply to (i.e. making a contribution in Jan 2015, but you want it to apply for 2014)?
by Gemini
Thu Aug 20, 2015 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

1. If you are setting up an individual 401k, choose one that allows loans. This would allow you to take a loan for 50% of your vested account balance up to $50k (meaning you would need $100k in your account to take out the max). 2. Some plans allow for hardship distributions but there is a specific...
by Gemini
Thu Aug 20, 2015 9:22 am
Forum: Personal Finance (Not Investing)
Topic: How Much and How Long For Term Life Insurance for 28 yo/spouse?
Replies: 23
Views: 1314

Re: How Much and How Long For Term Life Insurance for 28 yo/spouse?

Most educational loans are forgiven at death. I would check with the carrier. I have been pondering the same question as the OP. On one hand, we are young(ish) and healthy so we likely qualify for the best rates. However, we do not have any dependents YET. Spouse and I both make decent $ and can sup...
by Gemini
Thu Aug 20, 2015 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

Does anyone know how early withdrawals apply to individual 401(k) plans? When I looked at Fidelity's, Vanguard's, and Schwab's, it seemed you could only take withdrawals at 59.5 or due to plan termination, and the IRS requires a valid business reason for plan termination. You also can't then open a...
by Gemini
Thu Aug 20, 2015 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

livesoft wrote:
Gemini wrote:Possible to make a bogle-ish three fund portfolio that is stock tilted from the offered ETFs?

I will give that question to you as a homework assignment. Due by tomorrow morning.


I answer yes
by Gemini
Wed Aug 19, 2015 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

Yep, more gains GUARANTEED! Perhaps only 0.0000000000001% more in gains, but more is more. :) The reality is that one only needs to invest in less than 6 ETFs, so an investment firm only has to offer the ones you want to use. All the other things are pretty much useless fluff. :sharebeer Possible t...
by Gemini
Wed Aug 19, 2015 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

I think I already told you I moved my 401(k) from Fido to TDAmeritrade. The offerings are better at TDAmeritrade in my opinion. But what does "better" mean? And how much better is "better"? LOL! Yes yes I recall. Hence, the question! Better as in...overall more fruitful to makin...
by Gemini
Wed Aug 19, 2015 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

livesoft wrote:Yes, true, BUT ONLY IF YOU ENROLL the accounts! ;)


But of course :beer

Coming from Fido and evaluating purely from a financial standpoint, do you feel the offerings are better at TDA or the same?
by Gemini
Wed Aug 19, 2015 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

Can someone who has i401k with TDA verify that all of the below ETFs are offered commission free via the i401K?

https://research.tdameritrade.com/grid/ ... ftNav=true
by Gemini
Wed Aug 19, 2015 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 85
Views: 4416

Re: Individual 401K

Hmm interesting. Good thing I have not opened an i401K yet.

Any updates on the above issue? How does one "enroll"?

I have no need for a loan, but may want to roll over a previous 401K from an old employer.
by Gemini
Tue Aug 18, 2015 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

2 physician household - young - still have student loans - thinking of purchasing 5mil/30yr term for each - did some digging and came across ILIT - life insurance agent also thought a good idea to potentially avoid estate tax Thoughts? Assuming it is opened, can the ILIT serve any other purpose? So...
by Gemini
Mon Aug 17, 2015 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

Thank you everyone, especially Bruce, for contributing.

I will read and re-read this thread some more to fully grasp the answers. Will write if/when questions arise. Thanks again.
by Gemini
Sun Aug 16, 2015 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

Bsteiner - thank you for the detailed responses and for sharing a wealth of wisdom. Lots of information for me to digest. Will read and re-read your above responses to really understand as much as I can. If I am understanding correctly, the insurance trust will only come in to play assuming a death ...
by Gemini
Sun Aug 16, 2015 2:33 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

As an estate planning matter, ignoring any other assets, this is a $10 million estate, since the life insurance becomes cash at your death. The main issues for you are how much control the surviving spouse should have over the $5 million insurance proceeds from the deceased spouse, at what age the ...
by Gemini
Sat Aug 15, 2015 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

Yes, that is my understanding (and I have some familiarity with NJ estate and inheritance tax laws due to husband who was executor for a family member living there at time of death.) Here is more confirmation (directly from the NJ State Tax Dept. You have to read a lot of fine print in the second s...
by Gemini
Sat Aug 15, 2015 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

Physician here. Wife is also a professional, but makes significantly less than I do. Our net worth is divided approximately 50%/50% between us, and we will continue the accumulation phase of life in this manner (50/50). I don't quite have 5 million of term life insurance, but close. By my projectio...
by Gemini
Sat Aug 15, 2015 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

Didn't realize NJ had such a low exemption. Not sure I see the hurry in setting up the ILIT. It can be done at a later date. Personally I'd wait until you at least had one kid before developing an overall estate plan, which might include an ILIT. Also agree that I don't see the need for $5 mil in l...
by Gemini
Sat Aug 15, 2015 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

I have to wonder about this kind of advice coming from a *life insurance* agent. Is the motive to lock you into the policy with an irrevocable arrangement (either contractually or psychologically)? If this is "renewable term", you might find the premiums getting unpleasantly higher at ren...
by Gemini
Sat Aug 15, 2015 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

If you and your spouse are beneficiaries on each other's life insurance policies, I do not see any tax avoidance point to an ILIT at this point in your life. Bequests of any type (whether life insurance proceeds or any other assets owned by the deceased spouse) left to a surviving spouse are totall...
by Gemini
Sat Aug 15, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

Why are you considering an Irrevocable Trust? What are you trying to accomplish? Or by the term insurance? Those are goals you should write down before you consult an attorney. You might also think about how you want to structure the terms of the trust for the beneficiaries, e.g., how flexible, wha...
by Gemini
Sat Aug 15, 2015 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

5 million per person sounds excessive to me. How are you calculating the amount you think you need? I do not know anyone I have talked to that has 5 million dollar policies. Remember that you are paying for this and a large policy has high costs. The insurance company is betting you will not collec...
by Gemini
Sat Aug 15, 2015 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

Whole life is generally not recommended on this board. The majority of people should have level term life insurance. I think the OP is talking about term life insurance: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes? thinking of purchasing 5mil/30yr term for...
by Gemini
Sat Aug 15, 2015 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Re: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

Whole life is generally not recommended on this board. The majority of people should have level term life insurance. It supposedly can have some estate planning purpose, for the very wealthy. Certainly a 2 doc household could become very wealthy. But looks like you are not very wealthy now, so mayb...
by Gemini
Sat Aug 15, 2015 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?
Replies: 52
Views: 2385

Irrevocable Life Insurance Trust (ILIT) - worth it for term life and/or other purposes?

2 physician household - young - still have student loans - thinking of purchasing 5mil/30yr term for each - did some digging and came across ILIT - life insurance agent also thought a good idea to potentially avoid estate tax State specific - "It has the lowest estate tax exemption of any state...
by Gemini
Thu Aug 13, 2015 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Plz critique these auto insurance policies
Replies: 23
Views: 1795

Re: Plz critique these auto insurance policies

For the PIP/No fault - do most of you put the carrier ie GEICO as primary or your own health insurance?
by Gemini
Wed Aug 12, 2015 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Plz critique these auto insurance policies
Replies: 23
Views: 1795

Re: Plz critique these auto insurance policies

I'm having trouble with understanding all of this: Additional Limits - You, your spouse and resident relatives Death Benefit: $10,000 total do you not have life insurance? Essential Services Benefits: $20 each day $14,600 total What exactly is "Essential Services"? I have never heard of t...
by Gemini
Wed Aug 12, 2015 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Stand-alone Umbrella
Replies: 4
Views: 685

Re: Stand-alone Umbrella

Thanks for the input.

Geico is willing so I am going to stick with them. The prices just seem a bit high.

1mil 463
2mil 764
3mil 1112

They won't go past 3 mil for now.
by Gemini
Wed Aug 12, 2015 11:52 am
Forum: Personal Finance (Not Investing)
Topic: umbrella coverage premiums
Replies: 34
Views: 3236

Re: umbrella coverage premiums

Lots of variability.

I am wondering if it is better to just bite the bullet and get the 3mil. I can get other quotes, but would rather stick with GECIO as I have auto + renters with them
by Gemini
Wed Aug 12, 2015 11:20 am
Forum: Personal Finance (Not Investing)
Topic: umbrella coverage premiums
Replies: 34
Views: 3236

Re: umbrella coverage premiums

I just received quotes from GEICO.

1mil - 463
2mil - 764
3mil - 1112

Are these reasonable?
by Gemini
Wed Aug 12, 2015 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Plz critique these auto insurance policies
Replies: 23
Views: 1795

Re: Plz critique these auto insurance policies

Thanks.

Now the umbrella - shld I push to get the umbrella from auto carrier or try to find an independent carrier?

I will be reaching out to an independent agent as well. I am not sure if they will be able to match Progressive rates.
by Gemini
Tue Aug 11, 2015 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Stand-alone Umbrella
Replies: 4
Views: 685

Stand-alone Umbrella

Does anyone know which companies provide coverage via a stand-alone umbrella? Does anyone have such policy? Most major commercial carriers want at least auto before they will underwrite umbrella. Recently switched auto to Progressive, but they are unwilling to underwrite because of poor driving hist...
by Gemini
Tue Aug 11, 2015 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Plz critique these auto insurance policies
Replies: 23
Views: 1795

Re: Plz critique these auto insurance policies

Made some calls and switched to Progressive. Bodily Injury Liability: $250,000 each person $500,000 each accident - Property Damage Liability: $100,000 each accident Uninsured/Underinsured Motorist Bodily Injury: $250,000 each person $500,000 each accident Uninsured/Underinsured Motorist Property Da...
by Gemini
Tue Aug 11, 2015 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Term Life- How Much To Get and For How Many Years?
Replies: 29
Views: 2707

Re: Term Life- How Much To Get and For How Many Years?

haha

After researching this more and more, I think I am going to spring for the most conservative 30yr/5mil. Will run around 3K annual.
by Gemini
Mon Aug 10, 2015 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life- How Much To Get and For How Many Years?
Replies: 29
Views: 2707

Re: Term Life- How Much To Get and For How Many Years?

The answer is how long until you have financial independence and how much money would you need to replace? If I were you I would look at it as mortgage on an good sized house plus at least one kids college tuition. 25 or 30 year 1-1.5 million sounds about right to me. I don't know a ton about ladde...
by Gemini
Sun Aug 09, 2015 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life- How Much To Get and For How Many Years?
Replies: 29
Views: 2707

Re: Term Life- How Much To Get and For How Many Years?

Forgot to mention this above - here is a sample ladder scheme with riders that I was quoted:

OPTerm 30 $1,000,000
20 Year Term Rider $1,000,000
15 Year Term Rider $1,000,000
10 Year Term Rider $1,000,000

Annual premium for above is about half when compared to a straight 4mil/30yr term.
by Gemini
Sun Aug 09, 2015 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life- How Much To Get and For How Many Years?
Replies: 29
Views: 2707

Re: Term Life- How Much To Get and For How Many Years?

I am in the same boat as you OP. I was also advised by broker to ladder as it will save money now. Broker also advised that some companies allow you to ladder with riders in the same policy - this saves money as you don't have to buy two separate policies. IMO, the question of purchasing it all now ...
by Gemini
Sun Aug 09, 2015 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Plz critique these auto insurance policies
Replies: 23
Views: 1795

Re: Plz critique these auto insurance policies

Is it usually cheaper if they both combine their policies and use one with both names as opposed to separate policies as they have now?
by Gemini
Sun Aug 09, 2015 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Plz critique these auto insurance policies
Replies: 23
Views: 1795

Re: Plz critique these auto insurance policies

Geico will refund the premiums? That is good to know.

What is they best way to shop for insurance? Do I just go on insurance websites and request a quote?

Should I move everything from Geico: him plus her plus renters? Or just her?
by Gemini
Sun Aug 09, 2015 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Plz critique these auto insurance policies
Replies: 23
Views: 1795

Re: Plz critique these auto insurance policies

OMG, these are horrible prices. I have roughly the same coverage as described, but my 6 month premium, for a married couple, is $285. Where do you live? Excellent post by Daryl above. And lastly, if any insurance company charged me that much, I would just refuse to drive. With Uber and such, you ca...
by Gemini
Sun Aug 09, 2015 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Plz critique these auto insurance policies
Replies: 23
Views: 1795

Re: Plz critique these auto insurance policies

2 Drivers, 3 Vehicles, almost $8,000/yr in auto insurance premiums! Insurance is very "state specific", and perhaps you live in a high risk location. This could impact premiums. I'll still provide a couple general thoughts. First - Confirm that you have Renters/Home Owners, Life, and Umbr...
by Gemini
Sat Aug 08, 2015 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Plz critique these auto insurance policies
Replies: 23
Views: 1795

Plz critique these auto insurance policies

Both policies are with Geico. Trying to make sure there is adequate coverage. Both individuals are high income earners. Basically looking for ways to improve and, if possible, how to save some $ HER (some issues with accidents in the past) Body Injury Liability : 100k per person / 300K per occurrenc...

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