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Re: Answer to Most Physician/High Income Job Questions:

Normally umbrella does not

Which is also why it's so cheap
by dhodson
Sat Sep 27, 2014 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Answer to Most Physician/High Income Job Questions:
Replies: 31
Views: 2229

Re: Answer to Most Physician/High Net Worth Questions:

Sometimes i think we push the live like a resident idea too much. Definitely dont stretch yourself with expensive purchases but if you live too frugal, i personally believe you miss out on life. I also feel this leads to poor performance in the work environment eventually. Now if you stretch yoursel...
by dhodson
Sat Sep 27, 2014 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Answer to Most Physician/High Income Job Questions:
Replies: 31
Views: 2229

Re: Why do people buy annuities?

No but the payout is lower when you add those factors bc they can't pool the same mortality credits
by dhodson
Fri Sep 26, 2014 8:03 pm
 
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 50
Views: 3759

Re: headphones for running

The oakley thump pro series is what I use. They are discontinued but great for this.

Might find them on eBay.
by dhodson
Fri Sep 26, 2014 4:46 pm
 
Forum: Personal Consumer Issues
Topic: headphones for running
Replies: 40
Views: 1524

Re: You may want to rethink the odds of ever needing LTCi

I wish I had never bought my LTHC policy through PERS about 18 years ago. There have been 2 or 3 premium increases. Now they are giving people a choice of almost doubling their premium or deleting the Built-in Inflation protection. I chose to delete the inflation protection and keep my rate about t...
by dhodson
Fri Sep 26, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 8675

Re: Defined Benefit Plan?

I also have one but the plans are costly. Even with Schwab its about 1.5 k per year and then when you close it down at retirement around 10k. Keep in mind you are just deferring taxes and if you have both a fully funded db plan and then 401k then you might not be dropping in tax bracket or rate in r...
by dhodson
Wed Sep 24, 2014 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: Defined Benefit Plan?
Replies: 8
Views: 771

Re: Life Insurance - Indexed - Worth it?

Google unmet promises life insurance

And that was written by people in the industry
by dhodson
Wed Sep 24, 2014 6:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Life Insurance - Indexed - Worth it?
Replies: 12
Views: 551

Re: Defined Benefit Plan?

Christine_NM wrote:
dhodson wrote:If this is either a 412i or 412e plan then avoid.


More on 412e as sales tools:

http://www.producersweb.com/r/WEBP/d/co ... 80d9e2fe5d



Even better on why you avoid it

http://www.executivebenefitsgroup.com/images/EBGwp4.pdf
by dhodson
Wed Sep 24, 2014 3:02 pm
 
Forum: Investing - Theory, News & General
Topic: Defined Benefit Plan?
Replies: 8
Views: 771

Re: Defined Benefit Plan?

If this is either a 412i or 412e plan then avoid.
by dhodson
Wed Sep 24, 2014 2:17 pm
 
Forum: Investing - Theory, News & General
Topic: Defined Benefit Plan?
Replies: 8
Views: 771

Re: You may want to rethink the odds of ever needing LTCi

The issue is more the tail (unlimited benefits) then the deductible.
by dhodson
Wed Sep 24, 2014 7:17 am
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 8675

Re: S&P 500 guarantee without the annuity

Actually what you have is something that will perform slightly better or slightly worse than bond performance with those products. Most of the ones I have seen give a guaranteed return that was the same as a long term bond. There is also a really good chance I didn't exactly do all the math right w...
by dhodson
Tue Sep 23, 2014 4:28 pm
 
Forum: Investing - Theory, News & General
Topic: S&P 500 guarantee without the annuity
Replies: 21
Views: 1837

Re: S&P 500 guarantee without the annuity

Every single one of the annuities I have seen cap the market gain. That cap is a huge part of why they can provide "insurance" against market losses. If it was possible to make a product that gave market returns and no risk of capital, we would all stick 100% of our investment money. The ...
by dhodson
Tue Sep 23, 2014 2:27 pm
 
Forum: Investing - Theory, News & General
Topic: S&P 500 guarantee without the annuity
Replies: 21
Views: 1837

Re: You may want to rethink the odds of ever needing LTCi

I handled my bachelor Uncle's finances for the last 9 years while he was in a nursing home sans LTC insurance.....he passed in April of this year....how does 425k in expenses over a 9 year period sound. Do my wife and I have a policy......what do you think? With all sympathy for what must have been...
by dhodson
Mon Sep 22, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 8675

Re: Variable Annuity: add to it? why?

I don't think you are but some might argue the other insurance features such as asset protection
by dhodson
Mon Sep 22, 2014 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity: add to it? why?
Replies: 13
Views: 561

Re: Cancel NWM's supp disability income policies?

One more thing I forgot to mention. When we were going through the process of deciding whether or not I should purchase the Term 80 product or just Level Term, our NWM guy kept stating that he gets paid more if I purchase the level Term policy instead of the Term 80 product; and he was using this a...
by dhodson
Mon Sep 22, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Cancel NWM's supp disability income policies?
Replies: 3
Views: 171

Re: Are SPIA's fairly priced? - A quick and dirty analysis

well IF they need it at 65 then you still NEED it. They take the risk of unlucky sequence of events if they continue to invest their small savings. I do agree that if they are planning on buying it later on then its a different situation. Your health might have changed and maybe you no longer need i...
by dhodson
Sun Sep 21, 2014 1:00 pm
 
Forum: Investing - Theory, News & General
Topic: Are SPIA's fairly priced? - A quick and dirty analysis
Replies: 75
Views: 3562

Re: Are SPIA's fairly priced? - A quick and dirty analysis

Longevity is unknown, and this is what drives the "cost" of either. And, in either case "this cost" is higher if we get hit by the probervial truck at an early age. The opposite is also true. There, I ran the numbers. :) IMO, you've completely missed the point of this thread. As...
by dhodson
Sun Sep 21, 2014 9:22 am
 
Forum: Investing - Theory, News & General
Topic: Are SPIA's fairly priced? - A quick and dirty analysis
Replies: 75
Views: 3562

Re: Variable Annuity: add to it? why?

Well if no favorable schedule then I'd only add if the difference between basis and current value is so large that it would take an eon to get back to basis. Otherwise I'd just use it for my tax inefficient assets assuming that I'm also investing within a taxable.
by dhodson
Sat Sep 20, 2014 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity: add to it? why?
Replies: 13
Views: 561

Re: Variable Annuity: add to it? why?

Is there some favorable annuitization schedule with this annuity? If not then why do you think there is an advantage over just buying a SPIA later on if necessary or desired?
by dhodson
Sat Sep 20, 2014 7:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity: add to it? why?
Replies: 13
Views: 561

Re: Variable Annuity: add to it? why?

why not just surrender this thing once you get back to your cost basis. That way there wont be any penalties or taxes.
by dhodson
Sat Sep 20, 2014 6:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity: add to it? why?
Replies: 13
Views: 561

Re: Are SPIA's fairly priced? - A quick and dirty analysis

What seems to happen though is they spin off the bad assets to insulate the company in my view.
by dhodson
Sat Sep 20, 2014 11:02 am
 
Forum: Investing - Theory, News & General
Topic: Are SPIA's fairly priced? - A quick and dirty analysis
Replies: 75
Views: 3562

Re: Are SPIA's fairly priced? - A quick and dirty analysis

The OP's analysis fails in the most fundamental aspect: he has converted a problem with a crucial unknown, actual individual lifespan, into a problem that ignores this aspect completely, a fixed period annuity or mortgage. If we actually knew how long we will live, then financial planning would be ...
by dhodson
Sat Sep 20, 2014 8:46 am
 
Forum: Investing - Theory, News & General
Topic: Are SPIA's fairly priced? - A quick and dirty analysis
Replies: 75
Views: 3562

Re: Term Care 80 Northwestern Mutual - What to do for Life I

That's an understatement. They expect the great majority to lapse or surrender. The return on these products are poor. The lower return compounds over decades. Might as well invest in a mutual fund with a high load and 3% AUM fees.

I would recommend you look at cheaper term than nwm.
by dhodson
Fri Sep 19, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Care 80 Northwestern Mutual - What to do for Life Ins.
Replies: 15
Views: 964

Re: Are SPIA's fairly priced? - A quick and dirty analysis

This topic can be talked to death without any resolution. Too many variables ... human longevity has increased over time, new conditions that were once considered fatal or nearly so are now controllable (i.e. HIV), so how does the insurance company plan for paying out over a lengthening human lifes...
by dhodson
Fri Sep 19, 2014 8:26 pm
 
Forum: Investing - Theory, News & General
Topic: Are SPIA's fairly priced? - A quick and dirty analysis
Replies: 75
Views: 3562

Re: Are SPIA's fairly priced? - A quick and dirty analysis

Swaption- good point. Let me try and model that. Dhogson - agreed that self insurance is always cheapest. I was just trying to see how bad a deal SPIA's are. They don't seem to be all that bad. Swampy - that may be true of other types of annuities, but SPIA's seem reasonably priced. I don't think i...
by dhodson
Fri Sep 19, 2014 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: Are SPIA's fairly priced? - A quick and dirty analysis
Replies: 75
Views: 3562

Re: Are SPIA's fairly priced? - A quick and dirty analysis

I understand the desire to come to a conclusion about good deals or not but it doesn't work for insurance. Insurance is always a bad deal for anything other than the insurance component although sometimes a really really bad. In this case, does one NEED some sort of a guarantee that they will get X ...
by dhodson
Fri Sep 19, 2014 2:02 pm
 
Forum: Investing - Theory, News & General
Topic: Are SPIA's fairly priced? - A quick and dirty analysis
Replies: 75
Views: 3562

Re: The Annuity Puzzlement

It doesn't really make a lot of sense for us to argue about the meaning of terms when not even the industry defines them all the same. The only important part for discussion is either to be very specific about what type of annuity you are referring to or what features you desire in either a product/...
by dhodson
Fri Sep 19, 2014 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6350

Re: Adj Complife (whole life ins) advice

Almost certainly you have made a bad decision to purchase this product. That can't be changed. You now need to decide if you should make the most of it or just totally move on. The major costs are sunk and going forward the return improves although as mentioned above, dividends have been going down ...
by dhodson
Wed Sep 17, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Adj Complife (whole life ins) advice
Replies: 10
Views: 526

Re: Macbook Air; how much RAM?

If I'm not mistaken taking the 4 to 8 will help with the onboard video so id go with 8. I think 16 would be over doing it.
by dhodson
Wed Sep 17, 2014 12:53 pm
 
Forum: Personal Consumer Issues
Topic: Macbook Air; how much RAM?
Replies: 59
Views: 3081

Re: The Annuity Puzzlement

During that time a lot of people have seen pensions go south and insurance companies go under as well. Those events likely have shaped the thinking. Additionally in the past, you didn't really have a choice but were given a pension. Then there was a time period where you could have either or and po...
by dhodson
Wed Sep 17, 2014 9:43 am
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6350

Re: a look at equity indexed annuities

There just isn't any magic in this world. Why should a strategy of mostly bonds with a small slice of options plus high fees work better? It doesn't.
by dhodson
Wed Sep 17, 2014 8:48 am
 
Forum: Investing - Theory, News & General
Topic: a look at equity indexed annuities
Replies: 1
Views: 214

Re: The Annuity Puzzlement

The paradox here is that people of my generation retired and happily took a Defined Benefit pension, which is? An annuity. Now, people retire with some lump sum in a Defined Contribution plan, and purchasing a simple annuity is evil or unreasonably risky? I don't get it. L. During that time a lot o...
by dhodson
Tue Sep 16, 2014 11:21 pm
 
Forum: Investing - Theory, News & General
Topic: The Annuity Puzzlement
Replies: 95
Views: 6350

Re: How much to self insure LTC and longevity? hypothetical

Some thoughts: If you're looking to a possible Medicaid situation, the 5 year "look-back" rule exempts assets placed into an single premium immediate annuity (with no period certain) for the life of a healthy spouse. LTC carriers having been consistently raising premiums, with the excuse ...
by dhodson
Tue Sep 16, 2014 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to self insure LTC and longevity? hypothetical
Replies: 13
Views: 707

Re: What evidence would prove the Boglehead mentality wrong?

given the amount of evidence currently available, it is unlikely that a different method could be proven superior within our lifetimes. For instance lets just say that I have a strategy that outperforms indexing when including costs. I would need 20 years or more of data on it and id need others to ...
by dhodson
Tue Sep 16, 2014 5:19 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 109
Views: 7625

Re: How much to self insure LTC and longevity? hypothetical

Say you are a married couple about to retire at age 65, in average health neither better nor worse than average with average family history. You will receive SS of $2500 per month and have $6000 per month in expenses. Your home is paid off and you have no debt and your kids if any are self sufficie...
by dhodson
Tue Sep 16, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to self insure LTC and longevity? hypothetical
Replies: 13
Views: 707

Re: Strange Billing Practice by Medical Provider

I would contact the PPO. I can see this being acceptable if the amount is what he/she will get and your policy allows you to be reimbursed the same (or counted towards deductible as appropriate). While I say acceptable, it probably isn't optimal since it transfers risk of not getting paid to you fro...
by dhodson
Tue Sep 16, 2014 12:49 pm
 
Forum: Personal Consumer Issues
Topic: Strange Billing Practice by Medical Provider
Replies: 38
Views: 2721

Re: Strange Billing Practice by Medical Provider

the provider either does not want to go through the hassle of billing (which is not that big a deal really) or is afraid the patient will not pay the balance or does not want to pay his biller. Collecting up front is fine, but I would still request that the provider submit the claim. That way the p...
by dhodson
Tue Sep 16, 2014 11:00 am
 
Forum: Personal Consumer Issues
Topic: Strange Billing Practice by Medical Provider
Replies: 38
Views: 2721

Re: Young Guy, Probably Not Going To Live A Long Time

Sorry for your difficulties.

I'd recommend though giving some of it away while you are alive instead of waiting until afterwards.

I would hope that your good deeds provide you some satisfaction in the time you have remaining.
by dhodson
Mon Sep 15, 2014 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Young Guy, Probably Not Going To Live A Long Time
Replies: 30
Views: 4303

Re: You may want to rethink the odds of ever needing LTCi

I believed that we had enough in our accounts to cover LTC, but my wife wanted LTCi. So, we bought LTCi. My policy only costs $283 per year, with a one year elimination period and $100/day for six months. My wife's policy costs $2,800 per year, with a one year elimination period and a $200/day paym...
by dhodson
Mon Sep 15, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 8675

Re: You may want to rethink the odds of ever needing LTCi

Universal life would provide less ltci dollars then a standard ltci policy so it will never be the answer for the tail risk Right, which is why I bought term , not universal life, with a living needs rider. Glad you are happy with that decision. If I'm not mistaken its been discussed about the conc...
by dhodson
Mon Sep 15, 2014 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 8675

Re: Buying Annuity at Young Age for Retirement?

Return will be so low that your spending power will be less.

Insurance companies don't have magical investments.
by dhodson
Mon Sep 15, 2014 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Buying Annuity at Young Age for Retirement?
Replies: 6
Views: 646

Re: You may want to rethink the odds of ever needing LTCi

Universal life would provide less ltci dollars then a standard ltci policy so it will never be the answer for the tail risk
by dhodson
Mon Sep 15, 2014 9:58 am
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 8675

Re: DINK 200K household income - ways to reduce taxable inco

Focusing on taxes alone will result in being sold a bad investment option.
by dhodson
Sun Sep 14, 2014 5:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: DINK 200K household income - ways to reduce taxable income?
Replies: 31
Views: 3593

Re: You may want to rethink the odds of ever needing LTCi

Additionally, the higher the chances become the less likely the insurance companies will stay in business without additional rate increases. reduced lapse rates spiked rates. If utilization also goes up then it won't be pretty.
by dhodson
Sat Sep 13, 2014 9:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 8675

Re: Help with annuity questions

They won't share their own tables IRA stands for both individual retirement account and individual retirement annuity. Might want to be sure which we are talking about Likely the reason is bc an insurance agent sold it to him. They are good at selling. There isn't a magic bullet here. Sounds like su...
by dhodson
Sat Sep 13, 2014 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with annuity questions
Replies: 14
Views: 1117

Re: Help with annuity questions

I dont think you are going to find "an answer" the way you are looking at this. A few reasons, first off is that those tables arent what the insurance company uses. In the end that doesnt matter to you. What i would look at (assuming you want an income payment stream) is the payment from t...
by dhodson
Sat Sep 13, 2014 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with annuity questions
Replies: 14
Views: 1117

Re: Cash Balance Defined Benefit Plan

OP, give Vanguard a call , they may administer DB plans as well as handle the money , I know a few years ago they had K administrators as well as actuaries on board - and as we know they tend to be low cost . unless things are different last time i checked (a few years ago), they did not act as a T...
by dhodson
Sat Sep 13, 2014 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash Balance Defined Benefit Plan
Replies: 8
Views: 806

Re: Help with annuity questions

you do need to call the insurance company as suggested.

be careful with interpreting the return. Typically the number they provide includes return of principal.
by dhodson
Sat Sep 13, 2014 5:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with annuity questions
Replies: 14
Views: 1117
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