Search found 2424 matches

by BruDude
Sat Feb 18, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: 1.3 million dollars in debt
Replies: 23
Views: 4938

Re: 1.3 million dollars in debt

If you haven't done so already, obtain an individual disability insurance policy with maxed out benefits immediately. You'd be in a world of hurt if you became disabled and couldn't earn any income. I'd also look at a supplemental policy because the max you're going to get from any one company is go...
by BruDude
Tue Feb 14, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Selling no-longer-needed term life policies
Replies: 25
Views: 1679

Re: Selling no-longer-needed term life policies

Life settlement companies are only interested in policies that can be converted to permanent insurance, or already are permanent insurance. Based on the info posted, I don't think she would be a candidate for a life settlement. The best candidates are 65-75 years old, have a policy with a Standard o...
by BruDude
Tue Feb 14, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: term life insurance expiring
Replies: 5
Views: 479

Re: term life insurance expiring

Depends whether you want to provide a legacy or not, assuming you don't need it for other purposes. $18k/year sounds extremely high for 10 years of $1.6M coverage at age 60. A new policy would cost ~$7300/year for a Standard health rating, a Preferred/Preferred Plus rating would cost ~$3800-5000/yea...
by BruDude
Mon Feb 13, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance - major $$ difference between 2 agents
Replies: 6
Views: 614

Re: Term Life Insurance - major $$ difference between 2 agents

Tell me a little about your health, family medical history, history of smoking (or not), weight, and driving record, and I'll tell you which agent was lying to you. Both of us are in good health and we invest in our health. One of the parents on each side have diabetes and my another parent has hig...
by BruDude
Mon Feb 13, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance
Replies: 16
Views: 1284

Re: Permanent Life Insurance

The agent needs to learn how to write a more professional email, that's for sure...
by BruDude
Mon Feb 13, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Life insurer with no credit rating? AAFMAA
Replies: 3
Views: 275

Re: Life insurer with no credit rating? AAFMAA

Seems like they cater to active duty military, which may not be insurable from other companies depending on their duties and foreign travel. If not active duty, there may be better options. Quotes are meaningless without an offer of coverage...so don't go based off of that alone. The health rating d...
by BruDude
Sun Feb 12, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Disability insurance future increase rider question
Replies: 7
Views: 400

Re: Disability insurance future increase rider question

I have self funded disability insurance that I obtained 8 years ago, and has about 20 years left. The current insurance provides $6000 a month benefit for $330 a month. Included in this is a future increase option of an additional $8000/month. If I exercise this option (now that my income has incre...
by BruDude
Fri Feb 10, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Payment Method for Private Used Car Sale
Replies: 43
Views: 2356

Re: Payment Method for Private Used Car Sale

Most banks will let you call and verify that funds for a cashiers check are good. I've bought all my cars with cashiers check or bank check when using a loan. If someone is financing, they're not going to have cash. Are you willing to give up a sale just to have a cash payment? Probably not. Just t...
by BruDude
Fri Feb 10, 2017 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Payment Method for Private Used Car Sale
Replies: 43
Views: 2356

Re: Payment Method for Private Used Car Sale

Most banks will let you call and verify that funds for a cashiers check are good. I've bought all my cars with cashiers check or bank check when using a loan. If someone is financing, they're not going to have cash. Are you willing to give up a sale just to have a cash payment? Probably not. Just ta...
by BruDude
Thu Feb 09, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance - major $$ difference between 2 agents
Replies: 6
Views: 614

Re: Term Life Insurance - major $$ difference between 2 agents

They may have rated you differently as to your health. You won't know exactly what the health insurance would cost until you after the medical underwriting from the insurance company. See if the quotes use the same health category. One agent may be quoting preferred plus while the other agent is qu...
by BruDude
Thu Feb 09, 2017 4:29 am
Forum: Personal Finance (Not Investing)
Topic: Question about Disability Insurance Quote
Replies: 6
Views: 464

Re: Question about Disability Insurance Quote

1. Retirement Protection Plus is not a commonly sold rider. I have it on my own policy, but most people think the disability insurance is expensive enough without it and often opt to leave it out. I call this an "icing on the cake" rider - nice to have, but not as important to include as ...
by BruDude
Wed Feb 08, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend a custodian for individual HSA account
Replies: 39
Views: 6672

Re: Recommend a custodian for individual HSA account

For basic account use without investing, First American offers a no-fee, no-minimum balance, no-minimum deposit account - https://www.firstambank.com/personalban ... -accounts/

For investing accounts, here's a helpful guide - https://20somethingfinance.com/best-hsa-account/
by BruDude
Wed Feb 08, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: KaiZen Life Policy
Replies: 11
Views: 1030

Re: KaiZen Life Policy

Sounds like a financial firm, not an insurance company. What insurance company is providing the actual insurance? As an insurance agent, I am not a fan of indexed permanent life insurance products for various reasons. I have never sold one to this day...they have their place, but not for the vast ma...
by BruDude
Wed Feb 08, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Disability Insurance Quote
Replies: 6
Views: 464

Re: Question about Disability Insurance Quote

Seems reasonable. Sounds like you're in California. If not, make sure the Partial Disability benefit is the Enhanced version and not the Basic version. To answer your questions: 1. Retirement Protection Plus is not a commonly sold rider. I have it on my own policy, but most people think the disabili...
by BruDude
Tue Feb 07, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much life and disability insurance do I need?
Replies: 10
Views: 989

Re: How much life and disability insurance do I need?

$3M is not unreasonable for a $300k+ income, might even be low for someone in their early 30s with a spouse and two kids. Now that you are divorced, what do you want the insurance to provide? What does your divorce settlement require? Do you have any plans to get remarried? $6k/mo disability insuran...
by BruDude
Tue Feb 07, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage advice, 1st time buyer
Replies: 12
Views: 1391

Re: Mortgage advice, 1st time buyer

If you aren't putting 20% down, check out Navy Federal Credit Union. They are currently waiving PMI on their 5/5, 3/5, and 2/2 ARMs, and the 5/5 is at 3.0% with no points or 2.75% with 0.25 points.

https://www.navyfederal.org/products-se ... tgages.php
by BruDude
Tue Feb 07, 2017 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Replacing carpet for whole house... or other options
Replies: 16
Views: 1099

Re: Replacing carpet for whole house... or other options

$7-8/sqft sounds really high for carpet. You can get some pretty nice tile/wood for that kind of price. I did ~2000 sqft of 18x18 porcelain tile for a total of about $7k including labor, which also included removing old carpet/tearing out old tile.
by BruDude
Mon Feb 06, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Haven Life for life insurance? Thoughts on switching providers?
Replies: 7
Views: 487

Re: Haven Life for life insurance? Thoughts on switching providers?

I have a term policy with Prudential that Ive always thought was pretty expensive. I just go quoted a price with Haven Life (owned by Mass Mutual) that is half of what I currently pay with Prudential. I was planning on signing up with Haven Life and just letting my Prudential policy lapse. Thoughts...
by BruDude
Fri Feb 03, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Florida Blue cancelled ACA applied plan
Replies: 4
Views: 1047

Re: Florida Blue cancelled ACA applied plan

Happens all the time. Only the marketplace can fix it. Incredibly frustrating. I'm dealing with this for several clients and it's a nightmare.
by BruDude
Thu Feb 02, 2017 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Employer denying HSA to eligible employee
Replies: 35
Views: 3248

Re: Employer denying HSA to eligible employee

I still don't see how they can both be claiming the kids as dependents to allow for two family contributions under a single plan. The kids are attached to one HSA or the other. They can't be attached to both when you only have one plan. If you had two separate plans with one employee and one child o...
by BruDude
Wed Feb 01, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Employer denying HSA to eligible employee
Replies: 35
Views: 3248

Re: Employer denying HSA to eligible employee

To answer the questions: jeremyi, partner is not highly compensated, he actually makes less than I do. They gave no justification, just that it wouldn't be allowed anymore. Nate79, it's only one family health insurance plan, which (I believe) is the problem. My employer allows health insurance bene...
by BruDude
Wed Feb 01, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 7
Views: 673

Re: Disability Insurance

I would shop around. That policy seems awfully pricey to me, especially if you're not in a dangerous line of work. I'm not sure what the #3 and #4 riders are actually covering . Regular Occupation changes the definition of disability from "own occupation and not working" to "own occu...
by BruDude
Wed Feb 01, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 7
Views: 673

Re: Disability Insurance while not working

I didn't get many responses on this topic but I'll post an update with different questions so as to not pollute with a new thread. A bit about the policy: ⋅ $8,535 Monthly benefit ⋅ To Age 65 ⋅ 90 day elimination period Riders in effect (I list only the ones that cost ...
by BruDude
Wed Jan 18, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: Has anyone ever asked for a refund of their Costco membership fee?
Replies: 19
Views: 1315

Re: Has anyone ever asked for a refund of their Costco membership fee?

I just purchased a Costco membership on the expectation that I'll be purchasing some hearing aids from them. I noticed in the fine print that you can quit your membership at any time you are not "satisfied" and receive a refund of your membership fee. I can see the potential for scamming ...
by BruDude
Wed Jan 18, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: term-life insurance
Replies: 3
Views: 293

Re: term-life insurance

Doesn't seem unreasonable. If it's a group policy that's being converted then the premiums may go up at age 65, age 70, age 75, etc. Better check on that. A 10-year term policy for a 63-year-old at $74k would be around $70/mo for someone in average health (Standard health rating). A 10-year $100k po...
by BruDude
Wed Jan 18, 2017 2:34 am
Forum: Personal Finance (Not Investing)
Topic: The wisdom of buying a car that doesn't depreciate (much)
Replies: 24
Views: 2904

Re: The wisdom of buying a car that doesn't depreciate (much)

Car guy here - I do this with all of my cars. Bought C6 Vette for $35k, sold 3 years later for $32k. Bought E92 M3 for $42k, sold 2.5 years later for $38k. Bought 991 S from Carmax knowing they underpriced it, sold for $25k more than I paid. Bought replacement 991 S that I could probably sell for $1...
by BruDude
Sun Jan 15, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 115
Views: 10572

Re: Why nobody understands importance of high-deductible insurance?

It depends on the trade-off in cost between the higher deductibles and the risk involved. My auto policy has a max deductible of $1,000. I had to get an exception to raise it to $2,500.
by BruDude
Sun Jan 08, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 17
Views: 1528

Re: Disability Insurance

I appreciate all the input. I apologize I have not included in my initial post, I work in the case management department as a manager thus the income. Due to the nerve damage, transplant is not applicable. Eye doctor discussed that I am at very high risk for retinal detachment which causes blindnes...
by BruDude
Thu Jan 05, 2017 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 4
Views: 424

Re: Disability Insurance

How did you know it was Principal? I am working with a financial planner who got me several pre-screened quotes. I actually did not think twice that the "conditions" would be something they would consider pre-existing conditions. It isn't osteoarthritis or RA etc. When they asked me the q...
by BruDude
Thu Jan 05, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 4
Views: 424

Re: Disability Insurance

You are probably going to get similar responses from other insurance companies, sounds like you applied with Principal. When I read your description, I thought "all of those are going to be excluded". Any time you are dealing with pain issues, especially within the last 5 years, you are li...
by BruDude
Thu Jan 05, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 6494

Re: spousal disagreement over how much house to buy

Didn't read the whole thread, but read the title and first thought was "happy wife, happy life" which probably sums up the answer pretty succinctly.
by BruDude
Thu Jan 05, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to gauge quality of healthcare network?
Replies: 5
Views: 378

Re: How to gauge quality of healthcare network?

PPO is a type of network. HSA is a type of health plan. Types of network include PPO, HMO, POS. An HSA can be under any of these three network types. Therefore, your HSA plan may use a PPO network, which could be the same as the traditional PPO plan that you are comparing it with. What type of netwo...
by BruDude
Tue Jan 03, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare.Gov did not pass info to Ins Co
Replies: 5
Views: 776

Re: Healthcare.Gov did not pass info to Ins Co

This happens often when the system re-enrolls the applicant into a new 2017 plan, then the applicant goes in to the account and applies for a new plan. The old plan never gets canceled out, and the old plan shows no tax credit, while the new plan doesn't show up. I'm on hold with HC.gov right now wa...
by BruDude
Thu Dec 29, 2016 2:32 am
Forum: Personal Consumer Issues
Topic: Las Vegas Areas and Real Estate
Replies: 12
Views: 1579

Re: Las Vegas Areas and Real Estate

Summerlin and Henderson. Northwest has some nice houses, but far from the strip. IMO, Summerlin is the most desirable area. Zip codes 89138, 89135, 89144, 89128.
by BruDude
Mon Dec 26, 2016 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Father's Group Life Ins. Policy cost ?
Replies: 3
Views: 256

Re: Father's Group Life Ins. Policy cost ?

That's not bad for a 70 year old with heart issues...
by BruDude
Sun Dec 25, 2016 9:41 pm
Forum: Personal Consumer Issues
Topic: Las Vegas - should I do anything?
Replies: 34
Views: 3008

Re: Las Vegas - should I do anything?

Go to Red Rock canyons and check out the scenery. Valley of Fire is also good. See Absinthe. Eat tasty food.
by BruDude
Fri Dec 23, 2016 2:37 am
Forum: Personal Finance (Not Investing)
Topic: Future budget for health insurance
Replies: 17
Views: 1130

Re: Future budget for health insurance

Somewhere between one and a billion
by BruDude
Thu Dec 22, 2016 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance (LTC) - Coverage decision
Replies: 11
Views: 1223

Re: Long term care insurance (LTC) - Coverage decision

The answer is probably somewhere in between. Buy a policy for an amount that you feel will reasonably cover the shortfall, and then build in a little "wiggle room" with a higher benefit in case costs are more than anticipated.
by BruDude
Wed Dec 21, 2016 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 199
Views: 24015

Re: Chase Sapphire Reserve

Just call and have your statement close date moved up to sometime before the end of the year. They should be able to do that no problem. Then you can also get a $300 credit in 2018 since Chase refunds the annual fee if you cancel within 60 days after it is posted. They won't change the statement cl...
by BruDude
Tue Dec 20, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 199
Views: 24015

Re: Chase Sapphire Reserve

I would think if you applied late January or in February you could get the double travel credit in 2017 and 2018. Spend 300 in 2017 and book something else in Jan 2018. Or maybe book in Dec 2017. I already got my $300 for 2016. And I'm now getting credits for 2017 credit here in December 2016, base...
by BruDude
Tue Dec 20, 2016 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 199
Views: 24015

Re: Chase Sapphire Reserve

Just found out about this, not very happy to say the least. I was specifically told by the rep when I called before signing up that I would have "until the end of 2016" to get the $300 travel credit. Supervisor just told me there is nothing they can do, but they have had A LOT of complain...
by BruDude
Tue Dec 20, 2016 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 199
Views: 24015

Re: Chase Sapphire Reserve

I would think if you applied late January or in February you could get the double travel credit in 2017 and 2018. Spend 300 in 2017 and book something else in Jan 2018. Or maybe book in Dec 2017. I already got my $300 for 2016. And I'm now getting credits for 2017 credit here in December 2016, base...
by BruDude
Mon Dec 19, 2016 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance question
Replies: 8
Views: 671

Re: Disability insurance question

I just did the same thing through Ohio National. Find an independent agent and find the best rates from all companies. Ohio National's new DI product is very competitive on both pricing and benefits. They have come a long way and are a great company all-around with very fast underwriting/approval. ...
by BruDude
Fri Dec 16, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 729
Views: 125149

Re: Boglehead Beer

Yes, they're very good, but way too expensive for bottles. Lot of good sours out there for less than $25-30/bottle. Even in Seattle, they are rarely more than $25/bottle. They're about the same price as bottles from The Bruery. But we were down at the Stone Brewery in San Diego a few months ago, an...
by BruDude
Fri Dec 16, 2016 11:34 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 729
Views: 125149

Re: Boglehead Beer

Had a Bruery Tart of Darkness and Founders Backwoods Bastard last night. Both A+ Have you any Cascade sours? They are phenomenal. We always have a few whenever we go to Portland, and often bring some bottles home. Yes, they're very good, but way too expensive for bottles. Lot of good sours out ther...
by BruDude
Thu Dec 15, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: IRA instead of disability insurance?
Replies: 13
Views: 1046

Re: IRA instead of disability insurance?

Disability insurance is really expensive. I'm 35 and I have about $350k in my IRA accounts. Should I consider saving the money on disability insurance and relying on penalty-free IRA withdrawals if I become disabled? "Really expensive" is a relative term to perceived value - it sounds lik...
by BruDude
Wed Dec 14, 2016 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: CPO cars - maintenance plans?
Replies: 9
Views: 844

Re: CPO cars - maintenance plans?

IMO you are better off finding a good independent shop in your area to do the work and not buy an extended maintenance package. A good indy shop should be 25-50% lower priced than the dealer for the same work. My oil change at the indy shop is $99, dealer wants $300 for the same job. Had my exhaust ...
by BruDude
Tue Dec 13, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance without exam
Replies: 28
Views: 2945

Re: Term insurance without exam

My spouse and I recently took out term policies with Lincoln Financial. No physical exam required, just a phone interview about our health and lifestyle. This is their new TermAccel product (limited to $500k or less.) Overall the process was quite simple and relatively easy. How did you apply? It l...
by BruDude
Tue Dec 13, 2016 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Taking on a 5/5 ARM in this environment?
Replies: 27
Views: 2202

Re: Taking on a 5/5 ARM in this environment?

I only put down 5% with PenFed and still got the advertised rate. Worth a shot.
by BruDude
Tue Dec 13, 2016 2:46 am
Forum: Personal Finance (Not Investing)
Topic: Taking on a 5/5 ARM in this environment?
Replies: 27
Views: 2202

Re: Taking on a 5/5 ARM in this environment?

tmz1m wrote:If you're aware of banks offering lower rates, feel free to post them. Rates have really come up a bit in the last several months.


I don't think you'll find anything better than PenFed

Go to advanced search