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Re: wood deck stain?

That can make a difference

Harder woods can last longer but not take up stain.
by dhodson
Wed Apr 23, 2014 8:22 am
 
Forum: Personal Consumer Issues
Topic: wood deck stain?
Replies: 8
Views: 258

Re: wood deck stain?

What type of wood
by dhodson
Wed Apr 23, 2014 7:22 am
 
Forum: Personal Consumer Issues
Topic: wood deck stain?
Replies: 8
Views: 258

Re: is whole life insurance a good investment?

You need to request an in force illustration. Look at the guaranteed and illustrated columns. Although you didn't put enough detail to truly know, I bet your policy will lapse in time since with ULs, the cost of insurance rises over time.
by dhodson
Tue Apr 22, 2014 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Evaluate whole life vs. universal life insurance]
Replies: 4
Views: 222

Re: Opening 529 in more than one state?

Our home state (Georgia) offers a tax deduction for the first $2k contributed each year to the Georgia 529. I'm considering using GA for the first $2k only, and then placing the rest of our contributions into the Utah Vanguard plan. Are there any negatives to this strategy, other than having to rem...
by dhodson
Tue Apr 22, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Opening 529 in more than one state?
Replies: 2
Views: 135

Re: is whole life insurance a good investment?

In regards to asset protection, I think it's a bad plan. Typical whole life requires a premium every year. If u get wiped out then you can't keep funding the policy and it crashes. You have to hope that if such an event happens that it does after a few decades when the policy might sustain itself.
by dhodson
Tue Apr 22, 2014 8:56 am
 
Forum: Investing - Help with Personal Investments
Topic: is whole life insurance a good investment?
Replies: 16
Views: 1246

Re: 529's not recommended

I'm with grabiner.... You might want to contribute to the MS plan and then roll the money to another state plan. This. Get your tax deduction then do a direct rollover to NY plan. Don't most states have claw backs? Instead invest to get the max deduction and then after that use Utah or ny if invest...
by dhodson
Tue Apr 22, 2014 8:26 am
 
Forum: Personal Finance (Not Investing)
Topic: 529's not recommended
Replies: 24
Views: 2716

Re: Northwestern Mutual Life - Whole Life Policy Review

Keep in mind that if u do purchase disability that nwm is not true own occupation. If u are only planning on working a few years then get graded instead of level coverage. Also keep in mind that if one were disabled there might be additional costs besides just lost earnings.
by dhodson
Mon Apr 21, 2014 10:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1685

Re: Northwestern mutual

Hopefully he has no eggs in that basket
by dhodson
Mon Apr 21, 2014 9:02 pm
 
Forum: Investing - Theory, News & General
Topic: Northwestern mutual
Replies: 20
Views: 1354

Re: Northwestern Mutual Life - Whole Life Policy Review

In my view, the only way to justify keeping it involves wanting to leave some money behind at eventual death and willing to fund this thing at least until dividends are greater than premiums. The death benefit return is much higher than the cash value so you want that and must be committed to gettin...
by dhodson
Mon Apr 21, 2014 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1685

Re: 529's not recommended

Let me guess that they recommended insurance products?
by dhodson
Mon Apr 21, 2014 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: 529's not recommended
Replies: 24
Views: 2716

Re: Northwestern mutual

Well, if you have a life insurance trust whole life is often by far the best deal. This is a situation where you really do intend to hold the policy until death, not just until your family no longer needs your income. When looking at that long term, NWML's dividends make the real cost of the polici...
by dhodson
Mon Apr 21, 2014 10:05 am
 
Forum: Investing - Theory, News & General
Topic: Northwestern mutual
Replies: 20
Views: 1354

Re: Northwestern mutual

NW Mutual is probably the best permanent life insurance company out there. If you need permanent life. They are not cheap. They know their stuff. They are very highly rated for financial stability. An excellent company at the pinnacle of the game. If you need permanent life. Few people need it. It ...
by dhodson
Mon Apr 21, 2014 10:03 am
 
Forum: Investing - Theory, News & General
Topic: Northwestern mutual
Replies: 20
Views: 1354

Re: Northwestern Mutual Life - Whole Life Policy Review

Paying monthly has a huge fee associated with it. You posted statement numbers and not illustration. You have to request an in force illustration. Keep in mind they invest primarily in treasuries and bonds but have huge costs associated with it. The cash value may or may not be bond like after a few...
by dhodson
Mon Apr 21, 2014 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1685

Re: what should I do with my whole life policy

I got your PM. Keep in mind im not an agent. Im just another person who contributes on this forum. I do not work in the insurance or financial industry. If it were me, id keep it. Id continue to pay the full premium yearly changing dividends to paid up additions but i think keeping it exactly as you...
by dhodson
Sun Apr 20, 2014 10:05 am
 
Forum: Investing - Help with Personal Investments
Topic: what should I do with my whole life policy
Replies: 24
Views: 1881

Re: Annuity Rollover

In a nut shell this is your options: 1035 exchange to the VA via vanguard. The fees/expenses are higher than in the taxable but this is one of the cheapest ones out there so you aren't going to do much better for a VA. You also don't get to tax loss harvest. You don't get a step up basis at death. Y...
by dhodson
Fri Apr 18, 2014 11:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Annuity Rollover
Replies: 15
Views: 610

Re: Annuity Rollover

If I'm not mistaken the penalty is only on the gains.
by dhodson
Fri Apr 18, 2014 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Annuity Rollover
Replies: 15
Views: 610

Re: practicing medicine in Texas...

i would keep in mind that getting a texas medical lic takes a little more time than most states and requires the jurs prud test.
by dhodson
Thu Apr 17, 2014 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: practicing medicine in Texas...
Replies: 38
Views: 2720

Re: what should I do with my whole life policy

While I would keep it if I were him, that is only true if he wants some death benefit and some "Bond like" returns. Per his OP, he actually is considering zero bonds. Now I'm not in favor of that but that's what he wrote.
by dhodson
Wed Apr 16, 2014 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: what should I do with my whole life policy
Replies: 24
Views: 1881

Re: Help with Whole Life Insurance (Parents Purchased)

Guaranteed is what you get if the company does horrible but at least meets the guarantee (possibly with assistance if necessary). I'd say that's very unlikely but technically possible. The illustrated is if they continue to do exactly the same with their investments and such in the future as they ar...
by dhodson
Wed Apr 16, 2014 9:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Whole Life Insurance (Parents Purchased)
Replies: 15
Views: 1050

Re: what should I do with my whole life policy

Meph, you don't have to get all serious on me. My post was partly in jest. However, if I gave my child a gift, and the "redeployment" or sale of said gift could have made their life better or more comfortable, yet they did not follow through because of sentimental reasons, then I would ne...
by dhodson
Wed Apr 16, 2014 7:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: what should I do with my whole life policy
Replies: 24
Views: 1881

Re: Help with Whole Life Insurance (Parents Purchased)

Whole life insurance really isn't for the individual whose life is insured. Its for the heirs after you die. The OP hasn't really stated that desire but more that this money is for him. If you surrender the insurance (like almost everyone does bc its so lousy), then you get an even worse return with...
by dhodson
Wed Apr 16, 2014 6:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Whole Life Insurance (Parents Purchased)
Replies: 15
Views: 1050

Re: Annuity Rollover

I'd either surrender taking the penalty and taxes on gains or 1035 exchange into a variable annuity like one sold through vanguard. Keep in mind that the 1035 exchange just defers taxes. All gains will still eventually be taxed as income.
by dhodson
Wed Apr 16, 2014 2:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuity Rollover
Replies: 15
Views: 610

Re: Help with Whole Life Insurance (Parents Purchased)

No, you are right, it can be

I thought the other number was total dividend
by dhodson
Wed Apr 16, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Whole Life Insurance (Parents Purchased)
Replies: 15
Views: 1050

Re: Help with Whole Life Insurance (Parents Purchased)

Doesn't appear dividend is high enough to pay entire premium.
by dhodson
Wed Apr 16, 2014 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Whole Life Insurance (Parents Purchased)
Replies: 15
Views: 1050

Re: what should I do with my whole life policy

Keep in mind that I am not an insurance agent (although unfortunately I too have experience with whole life). Most of the time these are bad decisions to purchase. They are super front loaded with costs/fees/etch and you unlikely need a permanent death benefit which you need to pay for. With that sa...
by dhodson
Tue Apr 15, 2014 7:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: what should I do with my whole life policy
Replies: 24
Views: 1881

Re: Annuities

33 years in the insurance business has taught me to view annuities on only the guarantees. I am less concerned regarding the potential failure of an insurance company. I have never seen any insurance contract with an insolvent company not pay the guarantees. Might want to review this thread http://...
by dhodson
Mon Apr 14, 2014 9:47 pm
 
Forum: Investing - Theory, News & General
Topic: Annuities
Replies: 59
Views: 3929

Re: Help with Whole Life Insurance (Parents Purchased)

These things are front loaded with costs so many times it is better to just keep them but that requires you want to leave some money behind at your eventual death. If you don't want to do that then its harder to make a case for keeping it since gains are taxed as income, you can't tax loss harvest, ...
by dhodson
Mon Apr 14, 2014 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Whole Life Insurance (Parents Purchased)
Replies: 15
Views: 1050

Re: less you need social security, earlier you should claim

There is no guarantee that claiming early locks in a better deal. They can still reduce benefits just as easily. Why assume claiming early provides any protection? The only protection it definitely assures is that benefits already received could not be unreceived. This discussion can occur without ...
by dhodson
Sun Apr 13, 2014 2:30 pm
 
Forum: Investing - Theory, News & General
Topic: less you need social security, earlier you should claim
Replies: 39
Views: 2799

Re: less you need social security, earlier you should claim

There is no guarantee that claiming early locks in a better deal. They can still reduce benefits just as easily. Why assume claiming early provides any protection?
by dhodson
Sun Apr 13, 2014 1:27 pm
 
Forum: Investing - Theory, News & General
Topic: less you need social security, earlier you should claim
Replies: 39
Views: 2799

Re: Short duration fixed annuity Vs Treasury

(but of course have no protection like FDIC or banks) Not entirely true, annuities are covered by state guarantees which vary from 100K to 300K coverage per annuity company. So while annuities are not covered by FDIC it is not accurate to say they have no protection. the govt doesnt pick up the tab...
by dhodson
Sun Apr 13, 2014 12:19 pm
 
Forum: Investing - Theory, News & General
Topic: Short duration fixed annuity Vs Treasury
Replies: 15
Views: 1066

Re: stan the annuity man

you will find on this site that just a few annuities such as single premium fixed annuities are considered good purchases for the protection of ensuring a stream of income for life typically done in retirement. a good agent will be able to tell you which company will provide you the best payout for ...
by dhodson
Sun Apr 13, 2014 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: stan the annuity man
Replies: 2
Views: 484

Re: Short duration fixed annuity Vs Treasury

Besides doesn't seem like she will use the money. Better to figure out what it will be used for. If fir something far off then index funds. I was trying to be too polite to mention the bit about what happens to the funds the mother at age 99 could very well do without if the insurance company crash...
by dhodson
Sat Apr 12, 2014 6:44 pm
 
Forum: Investing - Theory, News & General
Topic: Short duration fixed annuity Vs Treasury
Replies: 15
Views: 1066

Re: Short duration fixed annuity Vs Treasury

Besides doesn't seem like she will use the money. Better to figure out what it will be used for. If fir something far off then index funds.
by dhodson
Sat Apr 12, 2014 4:52 pm
 
Forum: Investing - Theory, News & General
Topic: Short duration fixed annuity Vs Treasury
Replies: 15
Views: 1066

Re: Annuities

I agree with the rest of the post, but this is not so clear (if you mean a commercial oil change) At least at my shop the oil change includes a professional "once over" of the car. Well worth it. :happy Sadly, the quality of the person doing the once over of your vehicle at a commercial o...
by dhodson
Sat Apr 12, 2014 10:21 am
 
Forum: Investing - Theory, News & General
Topic: Annuities
Replies: 59
Views: 3929

Re: Partials vs implants

im happy with my 2 implants
by dhodson
Sat Apr 12, 2014 10:20 am
 
Forum: Personal Consumer Issues
Topic: Partials vs implants
Replies: 27
Views: 2530

Re: Help deciding to surrender Variable Annuity or not

U need to see the actual illustration and realize no step up basis unlike stocks. I doubt it.

To the other poster, get ready for finra to pretend to take you seriously and do nothing.
by dhodson
Fri Apr 11, 2014 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help deciding to surrender Variable Annuity or not
Replies: 22
Views: 1094

Re: Help deciding to surrender Variable Annuity or not

They should be able to tell you the payout rate if you tell them when. As I mentioned, it is good to look at the income rider however id be careful about what 6% really is. Many times in insurance speak, they can include return of principle in their number. I'd just be sure to see the illustration a...
by dhodson
Fri Apr 11, 2014 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help deciding to surrender Variable Annuity or not
Replies: 22
Views: 1094

Re: Taxes with New Accountant ... Is this for real??? Invest

Your question can't be answered. Nobody here knows exactly what the differences are on your submitted taxes. If you have a question about it then id try TurboTax or the equivalent and see if its near what your accountant says and if not ask him or her why.
by dhodson
Fri Apr 11, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Taxes with New Accountant ... Is this for real??? Investing
Replies: 33
Views: 1932

Re: Annuities

Thank you, everyone. Greatly appreciated. Sounds to me as if in this low interest rate environment, I am a bit late to the party. Also, it seems as if interest rates will continue low for a few years yet. So maybe annuities aren't so attractive for me right now. If you need guaranteed income then a...
by dhodson
Thu Apr 10, 2014 8:43 pm
 
Forum: Investing - Theory, News & General
Topic: Annuities
Replies: 59
Views: 3929

Re: Annuities

You will find that SPIAs are recommended here. It's most of the rest of the annuities that aren't favored.
by dhodson
Thu Apr 10, 2014 1:56 pm
 
Forum: Investing - Theory, News & General
Topic: Annuities
Replies: 59
Views: 3929

Re: New TV or Sound bar?

New tv is unlikely to result in better sound.
by dhodson
Wed Apr 09, 2014 12:44 am
 
Forum: Personal Consumer Issues
Topic: New TV or Sound bar?
Replies: 38
Views: 2217

Re: You have more than enough invested, now how to protect i

Why not start giving away now or when you get closer to those limits?

That way you too can benefit from your gifts. I imagine you might enjoy seeing what your money improves and some people might actually express gratitude to you.
by dhodson
Tue Apr 08, 2014 6:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: You have more than enough invested, now how to protect it
Replies: 9
Views: 1268

Re: Expensive med. test not covered by insurance

This isn't my area of expertise within medicine but I'm not seeing what or why a test was ordered. I didn't order or have ordered any such test before any of our 3 kids. I can understand that this physician might not know the cost and may even be under the false impression that it would be covered. ...
by dhodson
Mon Apr 07, 2014 10:22 pm
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 3856

Re: Financial question about a Doctor’s Visit

Most states have anti-kick back laws About 2-3 times a year i request a specific lab to do a test. This is usually bc i have some concern about the "normal" lab that is contracted to do the test. Either i have already gotten a questionable result with this patient or have significant exper...
by dhodson
Sun Apr 06, 2014 2:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial question about a Doctor’s Visit
Replies: 77
Views: 3667

Re: VUL (w/ 50% match) vs. 457B (non-match) vs. 529s

As I mentioned before, I too am a physician. You seem to have a reasonable handle on the situation. Its the best of bad options and I would avoid the VUL if it wasn't for the match. Keep in mind the asset protection thing isn't that great in my view. First off, how often are claims above your malpra...
by dhodson
Wed Apr 02, 2014 9:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: VUL (w/ 50% match) vs. 457B (non-match) vs. 529s
Replies: 16
Views: 675

Re: Saving on major renovations

I'd search the hot deals forum of slickdeals.net for deals on appliances. They come up from time to time. You just don't know when but when they do, you need to be able and willing to jump on the deal before it expires.
by dhodson
Tue Apr 01, 2014 8:51 pm
 
Forum: Personal Consumer Issues
Topic: Saving on major renovations
Replies: 33
Views: 2520

Re: Consequences of a failed HO insurance company...

All companies have a rating. Those ratings don't tell you much about the distant future. Yes the assoc works with the other insurance companies to get the claim paid up to their limits. It isn't backed by state or federal money and it isn't fool proof from my review (I'm not in the finance or insura...
by dhodson
Tue Apr 01, 2014 9:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Consequences of a failed HO insurance company...
Replies: 12
Views: 946

Re: Consequences of a failed HO insurance company...

I'm not sure of your question. If you know the company is in poor shape then why don't you switch now before you have a claim?
by dhodson
Mon Mar 31, 2014 9:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consequences of a failed HO insurance company...
Replies: 12
Views: 946

Re: A whole life question (put the axes and torches away)

Unfortunately the return may also improve bc of health issues that have developed.
by dhodson
Mon Mar 31, 2014 9:17 am
 
Forum: Personal Finance (Not Investing)
Topic: A whole life question (put the axes and torches away)
Replies: 40
Views: 2095

Re: A whole life question (put the axes and torches away)

Insurance companies invest primarily in bonds

You can do that too

If the investments don't work out then the insurance company can't pay claims like the japan experience. No diversity.

Selling all assets in 2009 isn't necessary.
by dhodson
Sat Mar 29, 2014 5:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: A whole life question (put the axes and torches away)
Replies: 40
Views: 2095
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