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Re: Long Term Disability Denied - Runner's Knees

Might ask an independent agent to shop your history around but I can see why you were denied for reasons mentioned by others.
by dhodson
Sun Dec 21, 2014 7:17 pm
 
Forum: Personal Consumer Issues
Topic: Long Term Disability Denied - Runner's Knees
Replies: 10
Views: 1513

Re: Limited-pay whole life policies

That changes long term gains into income taxed instead of capital gains in addition to all those fees (which id say even including active management isnt necessary). Most of the annuities are IRA & ROTH so it's ordinary or after-tax income. I'm kinda hoping for a small 25% correction in 2016. H...
by dhodson
Sat Dec 20, 2014 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Limited-pay whole life policies
Replies: 15
Views: 743

Re: Gaming PC for son, buy or build?

Slickdeals.net look in hot deals forum

A compromise is purchase a dell or hp and upgrade the video card, add in a SSD, and upgrade the power supply from the deals on that site if u don't want to do it all.
by dhodson
Fri Dec 19, 2014 9:26 pm
 
Forum: Personal Consumer Issues
Topic: Gaming PC for son, buy or build?
Replies: 54
Views: 2762

Re: Limited-pay whole life policies

That changes long term gains into income taxed instead of capital gains in addition to all those fees (which id say even including active management isnt necessary). Most of the annuities are IRA & ROTH so it's ordinary or after-tax income. I'm kinda hoping for a small 25% correction in 2016. I...
by dhodson
Fri Dec 19, 2014 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Limited-pay whole life policies
Replies: 15
Views: 743

Re: Limited-pay whole life policies

That changes long term gains into income taxed instead of capital gains in addition to all those fees (which id say even including active management isnt necessary).
by dhodson
Fri Dec 19, 2014 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Limited-pay whole life policies
Replies: 15
Views: 743

Re: Limited-pay whole life policies

dhodson: That was very helpful. Thank you. You mentioned that the loans aren't as awesome as they sound. My impression was that you borrow against the policy and then never pay it back. And then the death benefit pays off the loan. Am I way off here? Very good info about the lack of state guarantee...
by dhodson
Fri Dec 19, 2014 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Limited-pay whole life policies
Replies: 15
Views: 743

Re: Limited-pay whole life policies

Ask for an illustration and look at the guaranteed column, if you do the math you will realize you are not guaranteed 4% on the cash value. Even overfunded and looking at the illustrated columns will take several years just to break even. These polices are also NOT backed by the state or federal gov...
by dhodson
Fri Dec 19, 2014 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Limited-pay whole life policies
Replies: 15
Views: 743

Re: White Coat Investor in Forbes

He has done a great job. Wishing him and his site continued success.

I'm sure several industries however hate his guts and don't feel the same way I do.
by dhodson
Thu Dec 18, 2014 9:46 am
 
Forum: Investing - Theory, News & General
Topic: White Coat Investor in Forbes
Replies: 37
Views: 6278

Re: Invest in Taxable vs vanguard tax-deferred annuity?

You only pay taxes and penalties on the gains so depends on cost basis from the insurance
by dhodson
Wed Dec 17, 2014 11:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Invest in Taxable vs vanguard tax-deferred annuity?
Replies: 8
Views: 911

Re: What is your opinion about "tilting?"

I feel tilting is a hidden form of market timing. There likely is some evidence for small and maybe REITs. Nobody here likes to admit they market time but you have to believe that some how you can predict what to tilt to and when to tilt to some other direction. Most of the advice from the serial t...
by dhodson
Wed Dec 17, 2014 3:23 pm
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 116
Views: 8797

Re: What is your opinion about "tilting?"

I feel tilting is a hidden form of market timing. There likely is some evidence for small and maybe REITs. Nobody here likes to admit they market time but you have to believe that some how you can predict what to tilt to and when to tilt to some other direction. As long as its a small portion of one...
by dhodson
Tue Dec 16, 2014 9:38 pm
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 116
Views: 8797

Re: Should I surrender my annuity and whole life policy?

Because the WL contracts are in the hole, dissolution of this clutch of products optimally may involve 1035-exchanging the WL contract(s) for low-cost VA product(s), 1035-exchanging the existing high-cost VA for a low-cost VA product from the company landing the WL-VA exchange, then 1035-merging th...
by dhodson
Tue Dec 16, 2014 8:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I surrender my annuity and whole life policy?
Replies: 17
Views: 1248

Re: Long term care insurance?

We decided to buy LTCi about fifteen years ago. My wife and I talked it over and it made sense to us. We fell in the zone where Consumer Reports seemed to think it made sense--too poor to say "if it happens we'll just pay for it," but rich enough to afford the insurance. We used an insure...
by dhodson
Tue Dec 16, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance?
Replies: 23
Views: 1889

Re: Should I surrender my annuity and whole life policy?

Well, I am a dissenting vote. I agree that VA's are usually not the way to go. Never did one, never will. However, forty years after buying a whole life policy, I have no regrets. First, I didn't spend a lot of $$. Second, it guaranteed insurability during a period when I had responsibilities incre...
by dhodson
Tue Dec 16, 2014 8:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I surrender my annuity and whole life policy?
Replies: 17
Views: 1248

Re: Long term care insurance?

I have no problem saying I'm uninsured for Ltc.

While people talk about running the numbers, the problem is you can't because the cost for ltci isn't guaranteed.
by dhodson
Tue Dec 16, 2014 4:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance?
Replies: 23
Views: 1889

Re: Annuities

One thing though to keep in mind is that insurance companies use different tables for life insurance then annuities. They know that only healthy people purchase a SPIA.
by dhodson
Tue Dec 16, 2014 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Annuities
Replies: 21
Views: 1937

Re: Whole Life: Let dividends cover or offset premium?

bc the costs are upfront it is common that an old whole life should be kept if the person is willing to leave some money behind at eventual death. It is however not diversification since the insurance company invests the money in bonds (which you are already doing) but takes out more fees. Interest...
by dhodson
Tue Dec 16, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whole Life: Let dividends cover or offset premium?
Replies: 9
Views: 524

Re: Whole Life: Let dividends cover or offset premium?

bc the costs are upfront it is common that an old whole life should be kept if the person is willing to leave some money behind at eventual death.

It is however not diversification since the insurance company invests the money in bonds (which you are already doing) but takes out more fees.
by dhodson
Tue Dec 16, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whole Life: Let dividends cover or offset premium?
Replies: 9
Views: 524

Re: Annuities

First off there are many types of annuities. You seem to be talking about SPIAs which is a single premium in exchange for lifetime payments. Although they make inflation adjusted ones, they just reduce your initial payments. They are best suited in my view for people who have a higher risk of outliv...
by dhodson
Tue Dec 16, 2014 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Annuities
Replies: 21
Views: 1937

Re: Medical Necessity and the Insurance Appeals Process

If there was written proof that the insurance company authorized the testing then i would have the patient take his/her case to the state insurance commissioner. Agreed. In this case, the insurance company incorrectly authorized test. That is, they gave pre-approval for a test which was not covered...
by dhodson
Sun Dec 14, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical Necessity and the Insurance Appeals Process
Replies: 15
Views: 1138

Re: Medical Necessity and the Insurance Appeals Process

If there was written proof that the insurance company authorized the testing then i would have the patient take his/her case to the state insurance commissioner. Agreed. In this case, the insurance company incorrectly authorized test. That is, they gave pre-approval for a test which was not covered...
by dhodson
Sun Dec 14, 2014 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical Necessity and the Insurance Appeals Process
Replies: 15
Views: 1138

Re: Medical Necessity and the Insurance Appeals Process

If there was written proof that the insurance company authorized the testing then i would have the patient take his/her case to the state insurance commissioner. Most of the time though as a physician, one should know if a test is going to be covered or not be covered. Not ever test or every case bu...
by dhodson
Sun Dec 14, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical Necessity and the Insurance Appeals Process
Replies: 15
Views: 1138

Re: Better inflation-indexed guaranteed options?

Im not sure why some people think the market will develop "products". There is no method for anyone or company to do that and it isnt some new concern that never existed before. As has been mentioned, if they take on the risk, then it needs to be priced such that its unlikely they cant del...
by dhodson
Sun Dec 14, 2014 3:00 pm
 
Forum: Investing - Theory, News & General
Topic: Better inflation-indexed guaranteed options?
Replies: 31
Views: 2409

Re: 100% equities - my reasoning

The market could easily be down for a very extended time period during any of your withdrawls. Sequence of events are very important and one of the reasons why some decide to purchase a SPIA in retirement instead of just taking x% of money out of their portfolio. I find it very troublesome that some...
by dhodson
Sun Dec 14, 2014 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: 100% equities - my reasoning
Replies: 91
Views: 5938

Re: physician retirement plan. should I consider this?

I'm still concerned about the investments because their page indicates a much higher deduction then even the combination you suggested since I have that combination for a 44 year old (if properly invested.) They also talk about no over or under funding which is impossible in a regular defined benefi...
by dhodson
Sun Dec 14, 2014 7:45 am
 
Forum: Investing - Help with Personal Investments
Topic: physician retirement plan. should I consider this?
Replies: 16
Views: 2207

Re: physician retirement plan. should I consider this?

Keep in mind that you don't want to overly focus on the deductible contributions for any defined benefit plan. This is because the payout/benefit is set and thus a higher allowable contribution just means you paid more for the same lump sum/pension. This is sort of the opposite of a 401k where if yo...
by dhodson
Sat Dec 13, 2014 8:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: physician retirement plan. should I consider this?
Replies: 16
Views: 2207

Re: 25 Year Fixed Annuity vs Single Life Only Fixed Annuity

nobody can answer your question since we do not know what will happen in the market especially in the near future. i wouldnt be in too quick a hurry to make a decision if i were you. You may wish to learn a little bit more about annuities. Also keep in mind that over 25 years, the purchasing power w...
by dhodson
Sat Dec 13, 2014 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: 25 Year Fixed Annuity vs Single Life Only Fixed Annuity +
Replies: 5
Views: 689

Re: physician retirement plan. should I consider this?

if im not mistaken this is just an insurance based defined benefit plan. In essence its a horrible idea. The reason they allow higher contributions is bc you get a lower return. You would be paying more for the same defined benefit.
by dhodson
Sat Dec 13, 2014 10:52 am
 
Forum: Investing - Help with Personal Investments
Topic: physician retirement plan. should I consider this?
Replies: 16
Views: 2207

Re: Term life questions

I personally just would stick with 20 year term if I were you. (I'm not in the insurance field). Not only would your costs be less as you noted but your retirement (that you wont be using if dead) could be used by your wife. You might want to go to whitecoatinvestor.com and read the posts on disabil...
by dhodson
Thu Dec 11, 2014 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life questions
Replies: 24
Views: 2169

Re: Old Whole Life Policies - Cash In?

After 30 years, it's often (usually) better to just keep them. 4% guaranteed isn't too bad these days. I feel like it would be better to invest in the stock market and get a higher return over the course of 20-30 years. If there is no need for the death benefit due to being covered by other policie...
by dhodson
Wed Dec 10, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Old Whole Life Policies - Cash In?
Replies: 14
Views: 1104

Re: Old Whole Life Policies - Cash In?

EmergDoc wrote:After 30 years, it's often (usually) better to just keep them. 4% guaranteed isn't too bad these days.


It isn't guaranteed 4%. Still its likely going to get a 4% or slightly better return going forward.
by dhodson
Wed Dec 10, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Old Whole Life Policies - Cash In?
Replies: 14
Views: 1104

Re: What to do with Vanguard Variable Annuity-VVA Growth?

Hi pinecone. I would agree with dhodson that you may as well let it ride. In many respects it is like a Roth 401k, and selling it (or rather surrendering the policy) has the same tax implications. I would like to sell it and put it toward my "evolving to Boglehead" more simplified portfol...
by dhodson
Tue Dec 09, 2014 8:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with Vanguard Variable Annuity-VVA Growth?
Replies: 4
Views: 367

Re: What to do with Vanguard Variable Annuity-VVA Growth?

I'd let it ride at this point. I'd just it for my less tax efficient investments assuming a low cost of investing.

Yes if you surrender you will be penalized bc of age. Gains are eventually taxed as income.

After maxing out my other tax advantaged accounts, I'd put my equities in taxable.
by dhodson
Tue Dec 09, 2014 6:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with Vanguard Variable Annuity-VVA Growth?
Replies: 4
Views: 367

Re: No Fee Annuity?

Yes and as I mentioned, none of us know where the stock market will go.
by dhodson
Tue Dec 09, 2014 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: No Fee Annuity?
Replies: 14
Views: 1550

Re: Annuities and Legal Settlements

I have had my CPA, a US Tax Lawyer, and a U.K Trusts lawyer look at the issue. None have raised the slightest concerns about the legality. Perhaps it's not entirely clear but the idea is that I would not have constructive receipt of the funds. I wouldn't even be getting an annuity. An annuity would...
by dhodson
Tue Dec 09, 2014 7:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Annuities and Legal Settlements
Replies: 17
Views: 1390

Re: Disability INS for homemaker?

You can only get coverage for income you are making. If disabled, they will look at what you had made recently and payments would be based on that (up to your policy limit). Given the lack of income from that particular job, you will find the coverage of limited value.
by dhodson
Mon Dec 08, 2014 10:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Disability INS for homemaker?
Replies: 8
Views: 543

Re: Annuities and Legal Settlements

I think you should talk to an agent with tons of experience prior to going to much further on the annuity idea. I just don't see how you defer paying taxes by getting them to purchase an annuity instead of giving you cash. They are still all in one year giving you a "gift" worth 1 million ...
by dhodson
Mon Dec 08, 2014 9:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Annuities and Legal Settlements
Replies: 17
Views: 1390

Re: Annuities and Legal Settlements

I'm not sure this is a viable plan. I'm not sure that one can defer the taxes just bc they bought it for you. Otherwise we wouldn't need limits on 401ks etc. you could just have your employer purchase super large annuities for you. Now maybe you can arrange it so the company pays you over a few years.
by dhodson
Sun Dec 07, 2014 9:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuities and Legal Settlements
Replies: 17
Views: 1390

Re: No Fee Annuity?

What he means by the stock market is he thinks his account value might drop since the stock market is high currently compared to a few years ago. He or she is looking to take his/her current account value and create an income stream from it. OP again there is NO such thing as a no fee annuity. The f...
by dhodson
Sun Dec 07, 2014 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: No Fee Annuity?
Replies: 14
Views: 1550

Re: to leave money on the table or not (variable annuity)

what options do you have or are required to take with this VA? i'm not sure i understand your question. at this point all i know is that all contribution in access of 3k will be channeled into VA. Another option is life insurance. participation in VA is optional. I don't have any additional details...
by dhodson
Fri Dec 05, 2014 5:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: to leave money on the table or not (variable annuity)
Replies: 8
Views: 584

Re: to leave money on the table or not (variable annuity)

what options do you have or are required to take with this VA?

Certainly worth 50% free money but maybe u can reduce the costs.
by dhodson
Fri Dec 05, 2014 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: to leave money on the table or not (variable annuity)
Replies: 8
Views: 584

Re: Ken Fisher - Why I hate annuities

"accumulation" annuities IMO are not worth it at all 99% of the time even IF you have maxed out your tax deferred space. They always have higher costs compared to a taxable. You also can't tax loss harvest. You don't get a step up at death. Since both are used with after tax money then yo...
by dhodson
Wed Dec 03, 2014 7:05 pm
 
Forum: Investing - Theory, News & General
Topic: Ken Fisher - Why I hate annuities
Replies: 69
Views: 6178

Re: Ken Fisher - Why I hate annuities

"accumulation" annuities IMO are not worth it at all 99% of the time even IF you have maxed out your tax deferred space. They always have higher costs compared to a taxable. You also can't tax loss harvest. You don't get a step up at death. Since both are used with after tax money then you...
by dhodson
Wed Dec 03, 2014 3:30 pm
 
Forum: Investing - Theory, News & General
Topic: Ken Fisher - Why I hate annuities
Replies: 69
Views: 6178

Re: Ken Fisher - Why I hate annuities

My hate for annuities is more based on their total control of your money, and its dissipation once you die. Sure, some options allow for a beneficiary, but after THEY die the money's just gone. Uh, no. See my post pertaining to residual payments. If you purchase an annuity (e.g. SPIA) you should ta...
by dhodson
Wed Dec 03, 2014 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: Ken Fisher - Why I hate annuities
Replies: 69
Views: 6178

Re: Term life questions

Group polices are much weaker than individual and that's why they cost less
by dhodson
Mon Dec 01, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life questions
Replies: 24
Views: 2169

Re: Ken Fisher - Why I hate annuities

Nopes. I'll handle my own money and be darn sure I know where and how it's invested. This sounds good and I feel that same way in my heart, but numerous studies show that after age 80, the cognitive ability to manage one's own money often declines. So an annuity serves as a form of "dementia i...
by dhodson
Mon Dec 01, 2014 2:41 pm
 
Forum: Investing - Theory, News & General
Topic: Ken Fisher - Why I hate annuities
Replies: 69
Views: 6178

Re: An overdue update from a "panicked investor"

This assumes you can time the next dip/crash/pull back correctly.

That's not very likely.
by dhodson
Sat Nov 29, 2014 5:34 am
 
Forum: Investing - Help with Personal Investments
Topic: An overdue update from a "panicked investor"
Replies: 86
Views: 8745

Re: An overdue update from a "panicked investor"

Number 1 and 5 are likely correct.
by dhodson
Fri Nov 28, 2014 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: An overdue update from a "panicked investor"
Replies: 86
Views: 8745

Re: Physician Assistant - Employee or Independent Contractor

I briefly worked as an independent contractor years ago, but I can't remember the financial details. One thing I was thinking, is do you pay unemployment insurance? I'm paranoid, but I would want that malpractice insurance guarantee in writing. Also, I felt free, if I thought a mistake was being ma...
by dhodson
Fri Nov 28, 2014 5:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Physician Assistant - Employee or Independent Contractor?
Replies: 25
Views: 2487

Re: Does investing in a 401k actually save any money?

Given the progressive nature of taxes, the only way it isn't a benefit is if taxes greatly increase in the future or the 401k has high fees associated with it.
by dhodson
Thu Nov 27, 2014 2:55 pm
 
Forum: Investing - Theory, News & General
Topic: Does investing in a 401k actually save any money?
Replies: 75
Views: 9708
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