Search found 3930 matches

by dhodson
Wed Jul 29, 2015 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand defined benefit plans
Replies: 3
Views: 324

Re: Help me understand defined benefit plans

Be sure to avoid plans with insurance products called 412i or 412e plans. The contribution is more bc you are paying more for the same benefit.

These are best when older bc they are expensive to maintain.
by dhodson
Tue Jul 28, 2015 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Can I reject a medical exam during insurance application without consequences?
Replies: 48
Views: 2639

Re: Can I reject a medical exam during insurance application without consequences?

More on the 2 year incontestability clause: http://www.legalmatch.com/law-library/article/life-insurance-incontestable-period.html What Happens after Two Years? After you have had the policy for two years, it becomes "incontestable", which means it is, essentially, impossible for the comp...
by dhodson
Tue Jul 28, 2015 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can I reject a medical exam during insurance application without consequences?
Replies: 48
Views: 2639

Re: Can I reject a medical exam during insurance application without consequences?

Any company that asks less or does less tests is going to have a higher premium. They all ask very very similar stuff and request/require the same type of exam for similar levels of premium. They aren't asking for information they don't plan to use.
by dhodson
Tue Jul 28, 2015 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Can I reject a medical exam during insurance application without consequences?
Replies: 48
Views: 2639

Re: Can I reject a medical exam during insurance application without consequences?

It's unrealistic to expect good rates without an exam from an individual policy
by dhodson
Mon Jul 27, 2015 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Golden handcuffs - help with vested retirement plan
Replies: 28
Views: 2986

Re: Golden handcuffs - help with vested retirement plan

I'm betting you have a version of a defined benefit not defined contribution plan.
by dhodson
Mon Jul 27, 2015 3:43 pm
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 73
Views: 7703

Re: Why do people buy annuities?

Only certain annuities have mortality credits. Lifetime SPIAs do but limited pay ones do not nor do income riders. Deferred ones do IF annuitized into lifetime payments ie converted into a SPIA.
by dhodson
Sat Jul 25, 2015 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Golden handcuffs - help with vested retirement plan
Replies: 28
Views: 2986

Re: Golden handcuffs - help with vested retirement plan

Seems like a great plan

I spent over a decade in the military but since their db plan is nothing until 20, I didn't get any benefits.
by dhodson
Thu Jul 23, 2015 9:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: livesoft surpasses 40,000 posts!
Replies: 74
Views: 4862

Re: livesoft surpasses 40,000 posts!

Congrats on the accomplishment
by dhodson
Wed Jul 22, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance: Pay Jump, have Standard, should I switch to Guardian, and risk medical underwriting?
Replies: 8
Views: 488

Re: Disability Insurance: Pay Jump, have Standard, should I switch to Guardian, and risk medical underwriting?

So far you haven't mentioned anything that would make me switch. I would not say they are higher tier financially.
by dhodson
Wed Jul 22, 2015 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 20
Views: 1413

Re: Life Insurance

Check out a site like term4sale and if your broker can't find u prices near the lower end with a well rated company then might be time for a new agent. Be sure to avoid permanent insurance
by dhodson
Wed Jul 22, 2015 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance: Pay Jump, have Standard, should I switch to Guardian, and risk medical underwriting?
Replies: 8
Views: 488

Re: Disability Insurance: Pay Jump, have Standard, should I switch to Guardian + medical underwriting?

not sure guardian is "superior".

Also very likely you know if there is a health issue that would get you denied.
by dhodson
Tue Jul 21, 2015 9:56 am
Forum: Investing - Help with Personal Investments
Topic: How would you rebalance when your fixed income investments are not liquid?
Replies: 15
Views: 545

Re: How would you rebalance when your fixed income investments are not liquid?

you also dont necessarily get higher yield on those non liquid assets then bonds. Sure at the moment the return on an older insurance product you have had for a long time looks good compared to buying bonds today but over the entire time one needs to hold these assets (entire life for the insurance)...
by dhodson
Mon Jul 20, 2015 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance: Graded vs. Level?
Replies: 3
Views: 264

Re: Disability Insurance: Graded vs. Level?

You are pretty much on track with the idea, I didn't check your math. What it comes down to is how much confidence do you have that you will drop coverage early once you become financially independent. If you are the kind of person that will keep coverage even after you are secure (keeping in mind r...
by dhodson
Sun Jul 19, 2015 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: 4 percent annuity fixed account as part of bond allocation?
Replies: 5
Views: 509

Re: 4 percent annuity fixed account as part of bond allocation?

You can't rebalance so while the return might be bond like, you can't do the same things u do with your bonds.
by dhodson
Sun Jul 19, 2015 7:36 am
Forum: Personal Finance (Not Investing)
Topic: TIAA Life Insurance and Taxes
Replies: 4
Views: 437

Re: TIAA Life Insurance and Taxes

Sure it will help with taxes on your investments in your taxable/non deferred accounts. 1/2 the reason is bc you will have a poor return in your investment.

Focusing exclusively on taxes will make you wind up with less money.

I don't work in the insurance industry.
by dhodson
Sat Jul 18, 2015 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Considering Life Insurance Overfund as Short-Term Investment
Replies: 18
Views: 1435

Re: Considering Life Insurance Overfund as Short-Term Investment

Actually your contract likely says they can take up to 6 months to get you the money. Now I imagine you likely would get it within 2 weeks if not sooner but it likely isn't guaranteed to be as available as you posted. Unfortunately I once purchased a policy from them. Even with PUAs, the total retur...
by dhodson
Fri Jul 17, 2015 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan
Replies: 20
Views: 1781

Re: Defined Benefit Plan

Yes the IRS sets the benefit limit but the range of deductible contributions is heavily influenced by those other factors.
by dhodson
Fri Jul 17, 2015 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan
Replies: 20
Views: 1781

Re: Defined Benefit Plan

Just don't get talked into a 412i or 412e variant.

Those who sell them do push defined benefit plans.

If I had to do it over again I would have waited until age 50 to start mine.
by dhodson
Thu Jul 16, 2015 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan
Replies: 20
Views: 1781

Re: Defined Benefit Plan

Yep makes the 401k around 32k per year
by dhodson
Thu Jul 16, 2015 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan
Replies: 20
Views: 1781

Re: Defined Benefit Plan

80k is an approximation given age.
by dhodson
Tue Jul 14, 2015 6:39 pm
Forum: Personal Consumer Issues
Topic: Music player while exercising
Replies: 32
Views: 1770

Re: Music player while exercising

I like Oakley thump pro

The ear pieces don't push all the way in so you can still hear around u assuming music isn't too loud

They have generics on eBay since it's a discontinued item
by dhodson
Tue Jul 14, 2015 11:37 am
Forum: Personal Consumer Issues
Topic: Beach getaway recommendations please
Replies: 45
Views: 3318

Re: Beach getaway recommendations please

St Johns
by dhodson
Mon Jul 13, 2015 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Physician: Which Job to Choose
Replies: 32
Views: 3518

Re: Physician: Which Job to Choose

Id be sure that you really want to be very close to family. I've found we work best without family too much in the picture. I'd also be careful about what is a good school. My HS would be considered bad. Allowed me to be relatively great at a lot of things. Made a big difference for me. I grew up be...
by dhodson
Mon Jul 13, 2015 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance--- term
Replies: 17
Views: 1245

Re: Life Insurance--- term

Funny how the OP deleted his original post
by dhodson
Mon Jul 13, 2015 6:30 pm
Forum: Investing - Theory, News & General
Topic: Shouldn't riskier stocks have better returns?
Replies: 20
Views: 1458

Re: Shouldn't riskier stocks have better returns?

Isn't one of the problems that risk can't be as accurately measured as return. You can get the exact return but you don't know with the same certainty the risk.
by dhodson
Mon Jul 13, 2015 6:24 pm
Forum: Personal Consumer Issues
Topic: Alternatives to iTunes on Windows 7 PC
Replies: 14
Views: 780

Re: Alternatives to iTunes on Windows 7 PC

Either buy a non Apple tablet or learn not to sync the videos. If u are having troubles with iTunes then you won't be able to handle some jailbreaked prg
by dhodson
Mon Jul 13, 2015 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance--- term
Replies: 17
Views: 1245

Re: Life Insurance--- term

tj wrote:2mm in permanent coverage? That must cost you several thousand per year. Terrible. You could get a much larger term policy for that.


You are actually greatly underestimating how much the OP is paying.
by dhodson
Sun Jul 12, 2015 9:31 pm
Forum: Personal Consumer Issues
Topic: Wiring home network cable type?
Replies: 30
Views: 1927

Re: Wiring home network cable type?

Once u have wired you will wonder why u didn't do it sooner. Glad I wired our place. It's 5 but I'd compare costs with 6 for future proofing.
by dhodson
Sun Jul 12, 2015 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life insurance
Replies: 10
Views: 809

Re: Whole life insurance

Selling paid up additions means no gains so that's pretty much the way everything is with investing where you don't pay tax unless there is a gain. Taking loans against CSV is tax free as is every other loan in this country. So neither is some awesome deal. So yes you can get things tax free but u w...
by dhodson
Sat Jul 11, 2015 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance--- term
Replies: 17
Views: 1245

Re: Life Insurance--- term

you are dealing with an agent that has strong financial ties to guardian. Id guess thats who the permanent insurance is with as well. If you look at the credit ratings, there are plenty of companies who sell cheaper term with pretty much the same ratings. I wouldnt pay that extra 400 personally. I b...
by dhodson
Sat Jul 11, 2015 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: IRS: No more lump sum in lieu of defined benefit annuity?
Replies: 28
Views: 2854

Re: IRS: No more lump sum in lieu of defined benefit annuity?

I havent really read about this yet but seems unfortunate. I plan on rolling my DB into an IRA as a lump sum and then controlling my finances. Seems like its a bonus to insurance companies as well making people/companies provide or buy an income stream.
by dhodson
Wed Jul 08, 2015 7:28 am
Forum: Personal Consumer Issues
Topic: kitchenaid vs. bosch dishwasher
Replies: 61
Views: 3230

Re: kitchenaid vs. bosch dishwasher

You will find that its very hard to get good data...... reason being is that these models change all the time. By the time a model gets a good or bad rap, it isn't the same thing any more. Its like saying that bc your 19xx ford mustang was good or bad that all other versions are likely to be the sam...
by dhodson
Tue Jul 07, 2015 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Re: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 40
Views: 1423

Re: Advice on Whole Life Insurance as part of retirement portfolio

Oh so now we are on to ULs as being the answer... Is this a standard UL, IUL, or VUL that now supposedly is going t work out great? Your post seems to indicate standard UL but much of the same problems exist. Frankly WL and a standard UL can behave very similar. You should google unmet promises lif...
by dhodson
Mon Jul 06, 2015 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Re: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 40
Views: 1423

Re: Advice on Whole Life Insurance as part of retirement portfolio

Oh so now we are on to ULs as being the answer... Is this a standard UL, IUL, or VUL that now supposedly is going t work out great? Your post seems to indicate standard UL but much of the same problems exist. Frankly WL and a standard UL can behave very similar. You should google unmet promises life...
by dhodson
Sun Jul 05, 2015 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Re: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 40
Views: 1423

Re: Advice on Whole Life Insurance as part of retirement portfolio

Well you are free to keep on believing that you have found a secret 4 leaf clover and everyone out there is either a hater or doesnt get it like you do. Have you noticed that the best performing (from a current illustration stand point or dividend history since nobody can predict the future) policy ...
by dhodson
Sat Jul 04, 2015 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with small (20-30K) life insurance sum
Replies: 7
Views: 582

Re: What to do with small (20-30K) life insurance sum

I'd get a better handle on expenses and income first. It sounds like it is going to be tight. I'd consider a SPIA in this situation personally.
by dhodson
Sat Jul 04, 2015 8:10 am
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 13614

Re: 2 million dollar mistake meeting with MIL's financial guy

Not necessarily. Could be necessary for loans from life insurance for instance.

The CLU designation is meaningless in my view when it comes to ethics. They do have more insurance training but I find that means they just are better at selling.
by dhodson
Fri Jul 03, 2015 8:28 pm
Forum: Investing - Theory, News & General
Topic: Emergdoc on Mr. Money Mustache
Replies: 186
Views: 21627

Re: Emergdoc on Mr. Money Mustache

It seems like once a month there is a new thread on the virtues of Dave Ramsey. I'm just curious if that will now be the trend with MMM?
by dhodson
Fri Jul 03, 2015 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Drop a 3 year old Indexed Universal Life Insurance policy?
Replies: 52
Views: 4603

Re: Drop a 3 year old Indexed Universal Life Insurance policy?

These permanent insurance products have been in existence for over 100 years and while it's always been a bill, the great majority still surrender/lapse. Those who "need" a forced savings and pay monthly get charged additional fees vs those paying yearly who don't need this forced savings....
by dhodson
Thu Jul 02, 2015 1:43 pm
Forum: Investing - Theory, News & General
Topic: Emergdoc on Mr. Money Mustache
Replies: 186
Views: 21627

Re: Emergdoc on Mr. Money Mustache

I don't know MMM at all and I would never want to try to replicate his life but I imagine he probably started with an ideal and was fairly pure towards it. Then the blog happened and he now has more money then he originally intended as well as other issues. Unfortunately that puts him in conflict wi...
by dhodson
Thu Jul 02, 2015 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Re: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 40
Views: 1423

Re: Advice on Whole Life Insurance as part of retirement portfolio

I am also a lurker on here. And--gasp--I have been considering a Whole Life Policy. These are my thoughts and you all can tell me why this is still a bad deal: Facts Emergency funds: 6 months Debt: College Loans $20K remaining (1.75% rate), Auto Loan $15k remaining (2% rate), Mortgage $400K remaini...
by dhodson
Wed Jul 01, 2015 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 13
Views: 2167

Re: Advice on Whole Life Insurance as part of retirement portfolio

It was a very bad purchase. That can't be undone. What to do going forward depends on if you want the permanent death benefit. You were fortunate in that your policy is over funded since normally it currently takes about 16 years for that to break even. If u want the death benefit then what I would ...
by dhodson
Wed Jul 01, 2015 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Drop a 3 year old Indexed Universal Life Insurance policy?
Replies: 52
Views: 4603

Re: Drop a 3 year old Indexed Universal Life Insurance policy?

You should convince her to keep it if you really believe everything you wrote.

oh and new polices aren't performing better or are better by the way. Reason being is most of the investment piece is still bonds. Insurance companies don't like a low interest rate environment.
by dhodson
Wed Jul 01, 2015 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Drop a 3 year old Indexed Universal Life Insurance policy?
Replies: 52
Views: 4603

Re: Drop a 3 year old Indexed Universal Life Insurance policy?

You very likely only looked at the next few years at 0%. It would not have stayed in force indefinitely at 0%. If you looked up the article I mentioned, you would likely have realize that when she takes money out in retirement, down years in combination with those loans make the unrealistic x% per y...
by dhodson
Wed Jul 01, 2015 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Drop a 3 year old Indexed Universal Life Insurance policy?
Replies: 52
Views: 4603

Re: Drop a 3 year old Indexed Universal Life Insurance policy?

It isn't savings. It's life insurance. Over time the cost of insurance increases and the cash value goes down paying for it especially if you use unrealistic assumptions on returns of such a policy and doubly so if u take loans. Then not only do you lose the death benefit, you get taxed all at once ...
by dhodson
Tue Jun 30, 2015 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Drop a 3 year old Indexed Universal Life Insurance policy?
Replies: 52
Views: 4603

Re: Drop a 3 year old Indexed Universal Life Insurance policy?

Right she would have been in the 20% that keep it in force. She would have been able to navigate the loan situation in retirement. Might want to google unmet promises life insurance and read the article written by people who sell this. You will find out that the chance of meeting that illustration i...
by dhodson
Tue Jun 30, 2015 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Drop a 3 year old Indexed Universal Life Insurance policy?
Replies: 52
Views: 4603

Re: Drop a 3 year old Indexed Universal Life Insurance policy?

Forced savings is bs.

Agents say that all the time but people surrender these polices the majority of the time so it doesn't work as forced savings.

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