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Re: Life insurance with a smoking spouse

toto238 wrote:If it adds any levity to the conversation, when I originally saw the subject to this thread, my first thought was that "smoking" was a reference to the physical attractiveness of OP's spouse. So that's a thing.


Haha! Well, that too :)
by mojave
Mon Sep 08, 2014 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with a smoking spouse
Replies: 38
Views: 1280

Re: Life insurance with a smoking spouse

Mojave, I get what you are saying about this thread being about insurance and not his quitting, as he isn't going to do it obviously. You are smart in recognizing that nagging him will make it more, not less, likely that he will keep smoking. If he is going to stop, he will need to convince himself...
by mojave
Mon Sep 08, 2014 1:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with a smoking spouse
Replies: 38
Views: 1280

Re: Life insurance with a smoking spouse

$1M is probably a starting point if he is making $100k+ and you aren't working. Buy the life insurance in the amount that you need and can afford, then re-apply in the future if he ever quits for at least a year. A smoker will pay 2-3x the price for the same coverage as a non-smoker. On a side note...
by mojave
Mon Sep 08, 2014 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with a smoking spouse
Replies: 38
Views: 1280

Re: Life insurance with a smoking spouse

How much income are you hoping to replace with the proceeds from life insurance? I think perhaps you should use the portfolio help format to ask your question. The hope is to cover a mortgage (which we don't have yet, but let's assume $250k) plus enough to cover a year or two of his income to allow...
by mojave
Mon Sep 08, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with a smoking spouse
Replies: 38
Views: 1280

Re: Life insurance with a smoking spouse

$1M is probably a starting point if he is making $100k+ and you aren't working. Buy the life insurance in the amount that you need and can afford, then re-apply in the future if he ever quits for at least a year. A smoker will pay 2-3x the price for the same coverage as a non-smoker. On a side note...
by mojave
Mon Sep 08, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with a smoking spouse
Replies: 38
Views: 1280

Re: Life insurance with a smoking spouse

I appreciate the concern about him smoking but I think in this post it is unfair to expect him to quit to save the money. He will not quit, and I will no longer pester him about it, it is his choice and he knows my feelings on it. I do not appreciate the comments, whatever your intention may be, th...
by mojave
Mon Sep 08, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with a smoking spouse
Replies: 38
Views: 1280

Re: Life insurance with a smoking spouse

I appreciate the concern about him smoking but I think in this post it is unfair to expect him to quit to save the money. He will not quit, and I will no longer pester him about it, it is his choice and he knows my feelings on it. I do not appreciate the comments, whatever your intention may be, tha...
by mojave
Mon Sep 08, 2014 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with a smoking spouse
Replies: 38
Views: 1280

Life insurance with a smoking spouse

Looking for some feedback from those wiser than I. I'm thinking about getting us life insurance for several reasons - we are planning on starting a family, my husband has a dangerous job and he smokes. He is and will always be the bread winner and our hope is for me to be a stay-at-home-mom at least...
by mojave
Mon Sep 08, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with a smoking spouse
Replies: 38
Views: 1280

Re: A 'really good book' you did NOT enjoy

I have my degree in English and Journalism (yes, I found a job) so I have my fair share of "supposed to be good but are unbearable" books.

#1 on my list is Heart of Darkness by Joseph Conrad. I had to read that book so many times and it was rage-inducingly horrible every time. :thumbsdown
by mojave
Sat Sep 06, 2014 2:17 pm
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 226
Views: 10506

Re: Home Depot Breach - zip codes revealed

:? I never thought I would say this but, I'm glad we switched back to Chase. It's easy to get a new debit card, many of their locations will let you do it right there, no waiting for a new one to come through the mail. We had to do this for the Target breach and now this one. And quite frankly, it m...
by mojave
Fri Sep 05, 2014 1:07 pm
 
Forum: Personal Consumer Issues
Topic: Home Depot Breach - zip codes revealed
Replies: 39
Views: 4948

Re: Husband rear-ended, driver ignoring his insurance

In my opinion your main problem is that you are insured by State Farm. I had State Farm. I'll save myself typing in how badly they handled a car theft incident and a flood insurance incident. Big waste of my time, money, and added stress over a long period of time. Never again. Change to Amica. I w...
by mojave
Wed Aug 27, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 5075

Re: Husband rear-ended, driver ignoring his insurance

In my opinion your main problem is that you are insured by State Farm. One of our vehicles with full coverage was recently hit and the other party who had AAA insurance was at fault. I contacted State Farm who initially wanted me to take it to a body shop that was cheaper than my first choice, also...
by mojave
Wed Aug 27, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 5075

Re: Husband rear-ended, driver ignoring his insurance

My mother has State Farm in Florida and this sounds very similar to an experience we had many years ago. Basically, it's go through your policy and pay your deductible, with the deductible being reimbursed to you if they charge it to the other driver's policy later; or wait until the determination ...
by mojave
Wed Aug 27, 2014 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 5075

Re: Husband rear-ended, driver ignoring his insurance

I don't understand why your State Farm policy isn't paying immediately. You should go to a repair facility approved by State Farm. They will repair your car and only charge you the deductible. It's that easy. Yes but we don't want to pay the $500 deductible right now when we don't need to use the c...
by mojave
Tue Aug 26, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 5075

Re: Husband rear-ended, driver ignoring his insurance

Are you sure they didn't mean you'll just have to pay your deductible out of pocket and be reimbursed later? When I've been in this situation in the past, the body shop was paid directly by my insurance company. I never saw a bill. I did have to pay my collision policy deductible but I got that bac...
by mojave
Tue Aug 26, 2014 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 5075

Re: Husband rear-ended, driver ignoring his insurance

State Farm is paying either way -- either on the other driver's liability policy or on your collision policy. So they should have already told you to get your car repaired. Have they? Just about everything else -- whether the other driver gets a ticket, shows up for court, or ever talks to State Fa...
by mojave
Tue Aug 26, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 5075

Re: Husband rear-ended, driver ignoring his insurance

greg24 wrote:The insurance company has much experience in this area, you do not. Let the insurance company do its job, its not your job to pursue negligent customers.


We are not pursuing or contacting him in anyway. I'm trying to make sure we don't get screwed over.
by mojave
Tue Aug 26, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 5075

Re: Husband rear-ended, driver ignoring his insurance

You will be paid out - you did state that the driver at fault maintained valid insurance from State Farm, correct? If State Farm fails to pay you correct restitution for the policyholder's at fault accident, get yourself an attorney or you can sue them in small claims court but this would be a last...
by mojave
Tue Aug 26, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 5075

Husband rear-ended, driver ignoring his insurance

Two weeks ago my husband was rear ended coming up on a red light. The other driver was at fault and received a ticket from the police. My husband wasn't hit too hard and didn't need medical attention thankfully. But at the very least the trunk and bumper will need to be replaced. No idea if the fram...
by mojave
Tue Aug 26, 2014 1:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 5075

Re: Is it me, or are "collectibles" worthless in 2014?

There will always be collectibles in high demand but what those collectibles will be is anyone's guess. It changes very quickly.
by mojave
Mon Aug 25, 2014 1:08 pm
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6144

Re: Recalled baby crib - modify to donate to charity?

Most places like Goodwill do not accept cribs, strollers and car seats.
by mojave
Mon Aug 25, 2014 1:01 pm
 
Forum: Personal Consumer Issues
Topic: Recalled baby crib - modify to donate to charity?
Replies: 10
Views: 620

Re: Do you take all of your allowed paid vacation time?

Thankfully, I work for a company that almost forces people to take all of their PTO. After 7 years I have just under 5 weeks of paid time off.
by mojave
Fri Aug 22, 2014 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you take all of your allowed paid vacation time?
Replies: 88
Views: 5702

Re: What can happen to a union pension?

Thanks everyone, great things to keep in mind. I am not sure about PBGC but will look into that. If it matters, this is not a public pension, so tax payers do not fund it.
by mojave
Wed Aug 20, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: What can happen to a union pension?
Replies: 10
Views: 1123

Re: 2 year Boglehead anniversary - pulse check

I gotta ask: Who was collecting 25% interest for your engagement ring? A jewelry store credit plan? I'm glad it's off your plate :happy It was a credit plan from Wells Fargo. I don't know the details of it but I think it was one of those "low rates for x amount of time!" and then it jumpe...
by mojave
Wed Aug 20, 2014 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2 year Boglehead anniversary - pulse check
Replies: 9
Views: 598

Re: 2 year Boglehead anniversary - pulse check

so your house was worth $85,000 but you owed $200,000 on it? I may be misunderstanding but outside of closing costs, commissions, etc. How does your net worth go down with the purchase of a house. Looks to be a huge upgrade in net worth, but typically your assets should include the home value and n...
by mojave
Wed Aug 20, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2 year Boglehead anniversary - pulse check
Replies: 9
Views: 598

Re: 2 year Boglehead anniversary - pulse check

The Wizard wrote:Sounds good, except for that $3000 CC debt. That will be going away next, right?


Absolutely, we're on track for by the end of the year.
by mojave
Wed Aug 20, 2014 2:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2 year Boglehead anniversary - pulse check
Replies: 9
Views: 598

2 year Boglehead anniversary - pulse check

Today is my 2 year Boglehead anniversary and my annual "pulse check". Then and now. We will be building or buying a house in the next year or two so net worth will go down, but we're pretty proud of where we are today. Unfortunately a year ago husband was in the hospital for a few days wit...
by mojave
Wed Aug 20, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2 year Boglehead anniversary - pulse check
Replies: 9
Views: 598

What can happen to a union pension?

My husband has been in his Chicago construction union (private union) for 7 years. Each year they send us an update on the state of the investments that fund the pension and the fund is fine right now. What can happen to a pension? I would be surprised, due to politics and the size of this union, if...
by mojave
Wed Aug 20, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: What can happen to a union pension?
Replies: 10
Views: 1123

Re: In-Law Financial Issues (long)

My husband and I are also in our late 20s. My parent's finances are in bad shape - they are divorced and in their 60s but they cannot retire and have to keep working. "Thankfully" my dad, who is TERRIBLE at managing money, will be inheriting some money from his aunt as well as his mother a...
by mojave
Mon Aug 18, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4170

Re: HAFA Short Sale

thank you for the info Mojave. It looks like they have 120 days to sell in this program, so they're about 90 days in at this point from their listing date. I'm wondering if the pattern will continue and they'll drop the price again just before their 120 day window is up. We would like to make the s...
by mojave
Fri Aug 15, 2014 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: HAFA Short Sale
Replies: 4
Views: 714

Re: Strategic Default

Unfortunately I am an expert on this topic. In 2007 my then-single husband, at the age of 22, was making six figures and bought a townhome. Market and housing collapses. He is in construction and his income dropped 40%. Years of struggling ensues. We get married (I did not have my name on the townho...
by mojave
Thu Aug 14, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Strategic Default [on a property]
Replies: 42
Views: 3238

Re: HAFA Short Sale

Short sales can take quite a while. It could be a few weeks before she hears back from the bank. It is very likely that they have done an assessment on the house and told her that they will not accept anything below x. Because it's a short sale, she does not get any of that money (EDIT: assuming she...
by mojave
Thu Aug 14, 2014 12:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: HAFA Short Sale
Replies: 4
Views: 714

Re: Where do you buy clothes?

I get 75% of my clothes from Goodwill. Mostly Ann Taylor and Banana Republic, have some DKNY, Tahari and Kate Spade too. The next 20% is secondhand from ebay, mostly shoes and jewelry because that's the hardest to find in current styles and in good condition at thrift stores. Plus, that's what reall...
by mojave
Thu Aug 14, 2014 11:40 am
 
Forum: Personal Consumer Issues
Topic: Where do you buy clothes?
Replies: 105
Views: 9227

Attitudes toward inheritances.

My father is about as un-bogleheady as one could be. I have a rich great-aunt that never had kids and is a widow. Her husband did very well with his investments, and he was a blue-collar guy. A few years ago my father found out he and his cousins would inherit the estate when she passes. Since he fo...
by mojave
Tue Aug 05, 2014 5:00 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 113
Views: 10760

Re: High School Reunions--Have you attended?

Both my husband and I skipped our 10 year and have no plans to ever attend any future ones. Zero interest in seeing those people again. My 85-year-old grandmother was just telling me about how she used to have breakfast with her entire class every once in a while. 5 of them are left, out of a 25-per...
by mojave
Tue Aug 05, 2014 4:14 pm
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5219

Re: Millennials (with jobs) are super-saving their retiremen

To be fair with all the "that's not super-saving" comments, many millennials (such as myself) are underpaid because of the downturn. I started at my job 7 years ago at $32k and am only at $43k now. Based on my research I should be making AT LEAST $10k more and in reality it should be $20k ...
by mojave
Thu Jul 17, 2014 10:49 am
 
Forum: Investing - Theory, News & General
Topic: Millennials (with jobs) are super-saving their retirement
Replies: 65
Views: 9631

Re: Millennials (with jobs) are super-saving their retiremen

Yes, I am 29 and I actually have almost exactly $31k in my 401k. I started saving when I was 22 as well. I started then because I knew the importance of saving for retirement but at the time I was doing the bare minimum for the company match. I wasn't making much plus I thought "retirement? Tha...
by mojave
Tue Jul 15, 2014 5:30 pm
 
Forum: Investing - Theory, News & General
Topic: Millennials (with jobs) are super-saving their retirement
Replies: 65
Views: 9631

Re: Knowledge gaps + anxiety = shame; gender and investing

If someone responds to me and assigns a gender I am always male. I am not male.
by mojave
Mon Jul 14, 2014 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: Knowledge gaps + anxiety = shame; gender and investing
Replies: 77
Views: 5721

Re: Anyone here flip houses?

FWIW - my husband is a contractor and can do everything himself except plumbing and electricity. We tossed around the idea of flipping for about a year, looked at different houses too. In the end it was too much risk and too much work for him, and we wouldn't even be paying any labor costs and have ...
by mojave
Mon Jul 14, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here flip houses?
Replies: 40
Views: 4709

Re: I found a new coffee.

Aldi's brand is really good too, we buy the whole bean. The "donut shop" version is my favorite but they rarely have that one. It's usually the "morning blend". I think it's $4 for a lb? Maybe $5.
by mojave
Thu Jul 03, 2014 2:22 pm
 
Forum: Personal Consumer Issues
Topic: I found a new coffee.
Replies: 72
Views: 5644

Re: The Millionaire Next Door: Are You One?

In our group of friends we are but not millionaires. We are the highest earners of our friends, I know this because I know my girlfriends' incomes and I know their husbands' incomes are well below my husband's because of the careers they have. All of them have pets or/and kids, and own townhomes or ...
by mojave
Tue Jul 01, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 23210

Re: Class-action lawsuits

Class action you say?? Fantastic book (and you will never look at class actions the same way again): The Circle of Greed (or how the leading class action lawyer in America, California's own Bill Lerach, became a convicted felon) http://www.amazon.com/Circle-Greed-Spectacular-Brought-Corporate/dp/07...
by mojave
Thu Jun 26, 2014 4:44 pm
 
Forum: Personal Consumer Issues
Topic: Class-action lawsuits
Replies: 16
Views: 1253

Re: Class-action lawsuits

Spirit rider - it is for the force placed insurance.
by mojave
Thu Jun 26, 2014 4:38 pm
 
Forum: Personal Consumer Issues
Topic: Class-action lawsuits
Replies: 16
Views: 1253

Class-action lawsuits

My husband received notice in the mail about a class-action lawsuit he is eligible to make a claim for against Wells Fargo for a property we no longer live in (Fladell v. Wells Fargo Bank). I've read through the documents and it seems pretty straight forward, Wells Fargo wants to settle instead of g...
by mojave
Thu Jun 26, 2014 2:55 pm
 
Forum: Personal Consumer Issues
Topic: Class-action lawsuits
Replies: 16
Views: 1253

Education/podcasts for PR & Communications

I walk a lot and listen to "The Roadhouse" podcast, a blues station, on those walks (highly recommend that station if you like blues btw). I'm looking to find a podcast, if there is one, that would be relevant to my career and am hoping someone has recommendations. I am in Communications a...
by mojave
Wed Jun 25, 2014 11:10 am
 
Forum: Personal Consumer Issues
Topic: Education/podcasts for PR & Communications
Replies: 0
Views: 104

Re: Property tax (Illinois)

We plan on ending up in Southern Wisconsin in the next 10-20 years. That place is really building up and there will be a lot of work. Uline just moved to Pleasant Prairie and are even building a new building, adding 500 jobs. Amazon is currently building two warehouses. I think more businesses will ...
by mojave
Wed Jun 11, 2014 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Property tax (Illinois)
Replies: 16
Views: 1332

Re: Property tax (Illinois)

FAnyway, I know to compare to similar properties but they are all about the same, save for a $30 difference. Has anyone here ever traveled into the depths of property taxes and found a hidden law or error to lower yours? Any suggestions from anyone in the business on things to check into? The count...
by mojave
Mon Jun 09, 2014 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Property tax (Illinois)
Replies: 16
Views: 1332

Property tax (Illinois)

For fun I'm trying to see if I can uncover something to lower property tax on some property I own, an empty lot in an empty subdivision of 40 1-acre lots (there are two houses up and three being built right now). We're in IL and the aggregate rate on the property is 10.24. The calculated level of as...
by mojave
Mon Jun 09, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Property tax (Illinois)
Replies: 16
Views: 1332

Re: Thoughts on using Mint.com?

I am a big fan. I only have our spending accounts connected to easily compare month-to-month expenses. My favorite feature is text alerts. My husband has no interest in keeping up with our finances, so I have the text alerts sent to his phone. So, any time we go over budget on something or we get ch...
by mojave
Tue Jun 03, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on using Mint.com?
Replies: 36
Views: 2072

Re: Keeping Up on Antiques/Collectables Trends

Hi - offspring of a collector here, been around antiques my whole life, in the business myself now to a small degree. There's a reason Antiques Roadshow is specialized. It is impossible to be an expert in everything. Anyone that claims be an expert in antiques as a whole is lying. I specialize in ki...
by mojave
Fri May 23, 2014 5:24 pm
 
Forum: Personal Consumer Issues
Topic: Keeping Up on Antiques/Collectables Trends
Replies: 3
Views: 398
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