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Re: Mom As Sole Beneficiary

This might be a situation the Life Insurance beneficiary to be some kind of a trust set up for the benefit of your mother. Under the circumstances you describe and what you seem to want to accomplish, I suggest consulting an experienced estate planning attorney about how to address these issues.
by dm200
Thu Apr 24, 2014 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mom As Sole Beneficiary
Replies: 7
Views: 282

Re: If you have ACA health insurance, what is your experien

I said in my original post (they are calculating subsidy based on household size of 1 where the cutoff is $45k instead of household size of 2 where the cutoff is $63k). Therefore with 1 insured there is no subsidy and with 2 insured there is a subsidy. Nope. Whether you get a subsidy is determined ...
by dm200
Thu Apr 24, 2014 9:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: If you have ACA health insurance, what is your experien

the ACA decides how much your family should be paying based on income. if they say your family can afford 500 a month you pay 500 a month no matter how many family members and they pick up the rest. but if one of the family members is on medicare the family still pays 500 a month but the medicare p...
by dm200
Thu Apr 24, 2014 8:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: If you have ACA health insurance, what is your experien

the ACA decides how much your family should be paying based on income. if they say your family can afford 500 a month you pay 500 a month no matter how many family members and they pick up the rest. but if one of the family members is on medicare the family still pays 500 a month but the medicare p...
by dm200
Thu Apr 24, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: If you have ACA health insurance, what is your experien

If your financial circumstances-or your ability to move money-gets you a big subsidy you like the ACA. also if you have pre -existing condition issues. also the way ACA works A 'familys' total income decides what you pay. my wife has medicare. I pay 550.00 a month for a single. if she was under 65 ...
by dm200
Thu Apr 24, 2014 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: What to say to financial planners/insurance brokers

For #1, send them an email to say that you don't want phone calls and that you are quite willing to move your entire account to Fidelity/Schwab/wherever. For #2, ask the relative "How much money do I need to buy this investment?". Whatever they say, just reply "I don't have that kind...
by dm200
Thu Apr 24, 2014 4:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to say to financial planners/insurance brokers
Replies: 27
Views: 1623

Re: If you have ACA health insurance, what is your experien

If your financial circumstances-or your ability to move money-gets you a big subsidy you like the ACA. also if you have pre -existing condition issues. also the way ACA works A 'familys' total income decides what you pay. my wife has medicare. I pay 550.00 a month for a single. if she was under 65 ...
by dm200
Thu Apr 24, 2014 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: Primerica sitin

Several years ago, for reasons that I cannot remember now, I was invited (and attended) one of the Primerica group recruiting of new representatives. There must have been well over a hundred "prospects" there. It was a very well prepared presentation. One of their "themes" was th...
by dm200
Thu Apr 24, 2014 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Primerica sitin
Replies: 19
Views: 1347

Re: Weird - SSA website has service hours?

It might be that what you see from the on-line servers is just a snapshot of what is done on the background via mainframe computers. I spent my entire career (40+ years) in the business of IT - before it was known as IT. During many evolutions, going from unit record equipment (e.g. accounting mach...
by dm200
Thu Apr 24, 2014 1:28 pm
 
Forum: Personal Consumer Issues
Topic: Weird - SSA website has service hours?
Replies: 9
Views: 760

Re: Primerica sitin

Dealing with these types of sales folks, trying to argue common sense, logic and facts is much like wrestling a pig - you both get very dirty -- and the pig likes it.
by dm200
Wed Apr 23, 2014 11:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Primerica sitin
Replies: 19
Views: 1347

Re: If you have ACA health insurance, what is your experien

I have been burned in the past where (employer PPO insurance) has given me a very hard time paying for legitimate medical bills in *in-network* facilities . I would think the bolded sentence is going to get worse under ACA, not better. Insurers can no longer control their pool's claims costs by und...
by dm200
Wed Apr 23, 2014 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: Primerica sitin

None of us (including me!) can predict the future outcome of anything - BUT let me give my opinion: 1. Dealing with Primerica is a terrible idea - financially and probably otherwise. You know that, and most here know that. 2. State your case to your cousin about much better alternatives than Primeri...
by dm200
Wed Apr 23, 2014 7:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Primerica sitin
Replies: 19
Views: 1347

Re: POLL: what's the deal with Tuna Fish?

I get the lower priced Costco tuna (water packed) in 7 ounce cans. I think there are a dozen cans in a pack.
by dm200
Wed Apr 23, 2014 6:58 pm
 
Forum: Personal Consumer Issues
Topic: POLL: what's the deal with Tuna Fish?
Replies: 48
Views: 3144

Re: [Eating] Fish

As, I believe, I may have stated before - I also regularly eat Costco's "Wild Alaska Salmon Burgers". The burgers are 1/4 pound, frozen and do not have bread (or similar) filler. As far as I can tell, these are a very good and healthful value - and taste very good as well!
by dm200
Wed Apr 23, 2014 6:54 pm
 
Forum: Personal Consumer Issues
Topic: [Eating] Fish
Replies: 113
Views: 7721

Re: [Eating] Fish

Chicken of the Sea canned mackerel has become a regular part of the rotation of fish that I eat. It costs less then $2.00 for a can (about 15 oz.) at the local grocery store where I do much of my grocery shopping. The "details" on the label change - sometimes "Jack Mackerel", som...
by dm200
Wed Apr 23, 2014 2:36 pm
 
Forum: Personal Consumer Issues
Topic: [Eating] Fish
Replies: 113
Views: 7721

Re: If you have ACA health insurance, what is your experien

The main reason folks seem to be happy with the ACA is others are paying a portion of their premium. It would be interesting to know how much we taxpayers paid in Jan, Feb and March to the insurance companies for these subsidies. I believe a big mistake was made to only use income as the qualifier ...
by dm200
Wed Apr 23, 2014 12:29 am
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: Is "sheltering" my GF financially hurting our future?

For regulatory/compliance reasons to lengthy to elaborate here, marriage may, directly or indirectly, lead to more "joint obligations" or "joint credit". Especially for consumer lending (not real estate), different lenders may have different methods (and results) when setting int...
by dm200
Tue Apr 22, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is "sheltering" my GF financially hurting our future?
Replies: 23
Views: 4050

Re: Is "sheltering" my GF financially hurting our future?

I do not know that this is true, but I was told by someone (who is employed in a position where a security clearance is a requirement) that a certain level or type of "bad credit" may put that clearance at risk. In addition, this person says that a spouse's "bad credit" may also ...
by dm200
Tue Apr 22, 2014 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is "sheltering" my GF financially hurting our future?
Replies: 23
Views: 4050

Re: [Eating] Fish

Barefootgirl wrote:I do not understand the tilapia craze unless it's a burning desire for cheap fish that does not taste like fish and a fish not found in nature?

BFG


Where do you think Tilapia come from? Correct me if I am wrong, but I am pretty sure Tilapia are "found in nature" somewhere.
by dm200
Tue Apr 22, 2014 6:14 pm
 
Forum: Personal Consumer Issues
Topic: [Eating] Fish
Replies: 113
Views: 7721

Re: If you have ACA health insurance, what is your experien

The main reason folks seem to be happy with the ACA is others are paying a portion of their premium. It would be interesting to know how much we taxpayers paid in Jan, Feb and March to the insurance companies for these subsidies. I believe a big mistake was made to only use income as the qualifier ...
by dm200
Tue Apr 22, 2014 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: If you have ACA health insurance, what is your experien

The main reason folks seem to be happy with the ACA is others are paying a portion of their premium. It would be interesting to know how much we taxpayers paid in Jan, Feb and March to the insurance companies for these subsidies. I believe a big mistake was made to only use income as the qualifier ...
by dm200
Tue Apr 22, 2014 6:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: If you have ACA health insurance, what is your experien

One of the two of us did see a doctor during the couple of years that we had coverage (just to make sure everything was on the up-and-up before dropping insurance)... This is precisely the reason that the insurance mandate is necessary, to prevent this type of gaming of the system. First you check ...
by dm200
Mon Apr 21, 2014 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: Medicare and FEHB

I kept my same FEHB health plan (GEHA) and pay the same premium as always. I enrolled in Medicare Part A and Part B. Medicare became my primary payer, so the medical provider bills Medicare, which pays its portion and automatically sends the bill to GEHA, which pays the remainder. Paying two premiu...
by dm200
Mon Apr 21, 2014 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare and FEHB
Replies: 16
Views: 896

Re: If you have ACA health insurance, what is your experien

So far, I am led to believe that the ACA has been positive for most. From the posters who were negative, there have been no responses yet. We'd sure like to hear from you... Yes - so would I. "Details" are, IMO, important as well. While it is true that, for many, deductbles may be higher ...
by dm200
Mon Apr 21, 2014 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: If you have ACA health insurance, what is your experien

My plan went from a monthly premium for wife and I of $740 to $1165. In addition, had a family deductible of 3000, now individual deductible of 3000. Same network as before, no subsidies. Would have been happy if I had a large subsidy, but not so much with higher premiums and deductible. Most peopl...
by dm200
Mon Apr 21, 2014 11:15 am
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: Medicare and FEHB

As to the discussion of Medicare Advantage, the alternative of Medicare + Medigap exists. I have the latter, and with the plan I chose I can see any doctor who accepts Medicare. The insurance does not limit me. With Medicare Advantage, you have the old horrible stuff about the private insurance com...
by dm200
Mon Apr 21, 2014 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare and FEHB
Replies: 16
Views: 896

Re: If you have ACA health insurance, what is your experien

Looked at the website shortly before the March 31 deadline. They wanted $180/month to ensure just me. Before the ACA, my spouse and I both had health insurance through Humana for $89/month. With ACA, double the price for half the service? No thanks, I'll pay the "no health insurance tax."...
by dm200
Mon Apr 21, 2014 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: If you have ACA health insurance, what is your experien

dm200, Your post pointed out something that I should have said with my post above. The patients we have seen with ACA plans were patients that would otherwise have no insurance. People in your situation are just shopping for your best deal. Grouping this post with the previous one: I don't have ACA...
by dm200
Mon Apr 21, 2014 12:08 am
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: Trying to learn about Brokered CD's

The only "call risk" (that I know of) for non-callable brokered CDs is in the unusual (but not impossible) case of a failure of the issuing bank and the FDIC pays out the CD early. GATEWAY BK FLA just called back one of mine a couple of months ago. I have two more from that bank so I know...
by dm200
Sun Apr 20, 2014 10:27 pm
 
Forum: Investing - Theory, News & General
Topic: Trying to learn about Brokered CD's
Replies: 24
Views: 1388

Re: If you have ACA health insurance, what is your experien

While I am on Medicare, my wife has several years before qualifying for Medicare. She was on an (actually VERY) expensive individual plan with an HMO (Kaiser). She wanted to stay with Kaiser, but we very much wanted lower premiums and a reasonable plan. While the enrollment process was difficult, fr...
by dm200
Sun Apr 20, 2014 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 206
Views: 8303

Re: Medicare and FEHB

It really is a hard decision because we don't know our future health needs. My dh is turning 65 soon (he is the retired fed). Our health insurance is through an HMO . If we pay for Part B this HMO does not waive the copays so it would be to have it in case we want to change plans someday or for som...
by dm200
Sun Apr 20, 2014 10:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare and FEHB
Replies: 16
Views: 896

Re: Trying to learn about Brokered CD's

Brokered FDIC non-callable CD's generally have a 10 year term . You have little choice regarding interest payments (little or no choice of compound interest). Other than that and as long as they are held to maturity that would be it in my estimation. I was not aware of any costs to purchase from Va...
by dm200
Sun Apr 20, 2014 9:44 pm
 
Forum: Investing - Theory, News & General
Topic: Trying to learn about Brokered CD's
Replies: 24
Views: 1388

Re: Buying shoes at COSTCO

Bought a Bolle ski helmet in Costco for $50. No doubt in my mind that this is almost identical to helmets that retail full price well in excess of $100 elsewhere. But I got lucky, this was the last one, and I actually got it when it was in the process of being restocked. I think this is the Costco ...
by dm200
Sat Apr 19, 2014 5:45 pm
 
Forum: Personal Consumer Issues
Topic: Buying shoes at COSTCO
Replies: 14
Views: 2299

Re: Medicare and FEHB

My wife and I are both retired from the federal government and now work for a state government. We are coming up on retirement from our retirement jobs with the state and we are very confused about health care. What did you do about continuing your federal healthcare and/or Medicare part B? do you ...
by dm200
Sat Apr 19, 2014 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare and FEHB
Replies: 16
Views: 896

Re: Switching Banks

Sure seems like our society as a whole would be better off if the banks didn't reward the good customers and lowered their interest a bit for those that mismanage or get into trouble.


Benefiting society as a whole is not a significant motivating factor for a bank.
by dm200
Fri Apr 18, 2014 8:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching Banks
Replies: 30
Views: 2429

Re: Testamentary Trust as Beneficiary

My wife and I recently updated our estate plans (wills) after having our first child last year. In the will, of course, there is a testamentary trust setup for our child in case both of us pass away. Our lawyer then recommended that we update our beneficiaries on investment accounts, life insurance...
by dm200
Thu Apr 17, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Testamentary Trust as Beneficiary
Replies: 19
Views: 910

Re: Newly Widowed, what to do with the life insurance money.

Thanks so much all your replies have been very helpful. I guess I'm just a little panicky at having all that money and thought I need to do something with it right away. I actually do bank at a credit union, TinkerFCU. I had my emergency fund in their premium plus account but it only pays .3% and I...
by dm200
Thu Apr 17, 2014 11:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3254

Re: Switching Banks

1. While more than one credit card may not be necessary or even a big advantage for credit report/score reasons, so many things can happen when using (or trying to use) a particular card, I would always want to have 1 or 2 "backup" cards available (unless I could always pay with cash or a ...
by dm200
Thu Apr 17, 2014 11:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching Banks
Replies: 30
Views: 2429

Re: Gave two weeks notice a week ago - benefits wrapup quest

Neither an attorney nor HR expert, but let me give knowledge and experience at a former employer that was (and still is) one of the largest US Corporations. I live in Virginia and was employed by this very large US corporation in Virginia (although the corporation and a majority of its employees wer...
by dm200
Thu Apr 17, 2014 10:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gave two weeks notice a week ago - benefits wrapup questions
Replies: 8
Views: 1740

Re: Just had offer accepted on a house! (Advice pls!)

Assuming your accepted offer is pending inspection - hire a good inspector and have him nitpick the hell out of everything and attach a high dollar amount to every fix. Then use that info to pound the sellers into an even lower price. Once they are informed of defects, make sure you tell them they ...
by dm200
Wed Apr 16, 2014 11:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just had offer accepted on a house! (Advice pls!)
Replies: 29
Views: 2122

Re: Legal Liability Question [Sole Proprietorships vs. LLCs]

I have a legal liability question about Sole Proprietorships vs. LLCs for single employee businesses. As I under an LLC protects the assets of the owners of a business but would it provide any protection for the employees. And if it doesn't and the owner is the only employee does it really afford h...
by dm200
Wed Apr 16, 2014 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Legal Liability Question [Sole Proprietorships vs. LLCs]
Replies: 6
Views: 381

Re: Newly Widowed, what to do with the life insurance money.

DH passed away in December from Melanoma. Today I received the rest of the life insurance money - $200,000. I have no retirement accounts of my own, I was mostly a homemaker. I would also like to know the best way to give my children some help with college if they desire to attend without penalizin...
by dm200
Wed Apr 16, 2014 8:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3254

Re: Switching Banks

Before closing out the BofA account and/or credit card, first open an account at this credit union and get one of their credit cards. Make sure your needs/desires are adequately met. A new credit card does not necessarily have to come from the new credit union. I have recently started investigating...
by dm200
Wed Apr 16, 2014 8:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching Banks
Replies: 30
Views: 2429

Re: Just had offer accepted on a house! (Advice pls!)

Make sure the inspector looks closely at the roof (up close and NOT from the ground!).

I would go with one loan for 30 years - to give you the most flexibility.

My priority for a mortgage lender would be one that keeps the mortgage servicing, Include credit unions in the search for a mortgage.
by dm200
Wed Apr 16, 2014 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just had offer accepted on a house! (Advice pls!)
Replies: 29
Views: 2122

Re: Switching Banks

I have had a BofA checking account since 1992 without any troubles at all. I try to manage my accounts there such that I pay no fees but that has required keeping some cash there which currently pays nothing. I am considering switching to a local credit union that pays 2.25% interest on balances up...
by dm200
Wed Apr 16, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching Banks
Replies: 30
Views: 2429

Re: Doesn't Matter - Does Matter - Good Post by Ben Carlson

While I tend to agree with most of this list - I conclude that a great many more of the "Doesn't matter" list are a lot more interesting and/or more fun!
by dm200
Wed Apr 16, 2014 8:03 pm
 
Forum: Investing - Theory, News & General
Topic: Doesn't Matter - Does Matter - Good Post by Ben Carlson
Replies: 58
Views: 5201

Re: Federal Employment Question

While the FERS retirement benefits may be less than the former CSRS pension benefits, nonetheless the FERS defined benefit pension is a significant benefit. In the private sector, defined benefit pensions have nearly completely been discontinued. Companies, such as IBM - which decades ago had a very...
by dm200
Wed Apr 16, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Employment Question
Replies: 20
Views: 1338

Re: Alternative to a car

Almost certainly a large amount (for one person) of groceries could be well handled by taking a taxi to and from the grocery store. Compared to all the costs of owning a car, paying for taxi for grocery shopping should not be cost prohibitive. It might be good if there were another person in that co...
by dm200
Mon Apr 14, 2014 10:19 pm
 
Forum: Personal Consumer Issues
Topic: Alternative to a car
Replies: 34
Views: 2230

Re: Being older/younger in class -- benefits, issues?

Well, I admittedly haven't read all of the responses, but here is my personal experience since my brother and I are at opposite ends of this issue. My younger brother was born in June, making him one of the youngest in his class. I was born in October, making me one of the oldest in my class. Neith...
by dm200
Mon Apr 14, 2014 8:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Being older/younger in class -- benefits, issues?
Replies: 98
Views: 4864

Example of Why to Verify that a Credit Union is Legitimate

I certainly am a big advocate of credit unions. I also strongly urge everyone to independently verify that a credit union is legitimate and, if federal insurance is important to you, independently verify that as well. Just because a place has a sign on the door, or on a web site does not make it tru...
by dm200
Mon Apr 14, 2014 11:06 am
 
Forum: Investing - Theory, News & General
Topic: Example of Why to Verify that a Credit Union is Legitimate
Replies: 2
Views: 579
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