Search found 530 matches

by Jackson12
Mon May 22, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: We are organizing Special needs trust. Asset allocation?
Replies: 15
Views: 939

Re: We are organizing Special needs trust. Asset allocation?

...Also- and I'm still researching this- we are trying to figure out how we can downsize and throw some funds from a home sale towards his eventual needs. We wouldn't get a huge profit on our current home but we'd have lower maintenance costs.. Huge respect for you and what you're trying to do, but...
by Jackson12
Mon May 22, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: We are organizing Special needs trust. Asset allocation?
Replies: 15
Views: 939

Re: We are organizing Special needs trust. Asset allocation?

Why do you transfer assets now to fund the special needs trust rather than later? The important thing is that you have created it, not to have financed it. We have created a special needs trust for our disabled adult daughter who is 26, conservatorized and lives with us. The special needs trust is ...
by Jackson12
Sun May 21, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: We are organizing Special needs trust. Asset allocation?
Replies: 15
Views: 939

Re: We are organizing Special needs trust. Asset allocation?

The key question is this: how many years before your child will need to start drawing from the special needs trust? Not until we die - assuming current government assistance is similar to what is available now. Assuming at least one of us lives to 85 ( good odds for one of us) , that's 20 years fro...
by Jackson12
Sun May 21, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: We are organizing Special needs trust. Asset allocation?
Replies: 15
Views: 939

Re: We are organizing Special needs trust. Asset allocation?

The key question is this: how many years before your child will need to start drawing from the special needs trust? Not until we die - assuming current government assistance is similar to what is available now. Assuming at least one of us lives to 85 ( good odds for one of us) , that's 20 years fro...
by Jackson12
Sun May 21, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: We are organizing Special needs trust. Asset allocation?
Replies: 15
Views: 939

Re: We are organizing Special needs trust. Asset allocation?

I don't think there is any quantitative approach to the questions you are asking about asset allocation, adequacy to meet needs, etc. than to model the problem in a retirement calculator such as the one's at Vanguard, Fidelity, FireCalc, CFireSim, Portfolio Optimizer, iORP and so on. The point of a...
by Jackson12
Sun May 21, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: We are organizing Special needs trust. Asset allocation?
Replies: 15
Views: 939

Re: We are organizing Special needs trust. Asset allocation?

... Our lawyer, who specializes in special needs trusts .... How can a lawyer specialize in special needs trusts (other than Medicaid payback trusts funded with the beneficiary's own assets, which are very different)? A fairly large percentage of estate planning clients have at least one child with...
by Jackson12
Sun May 21, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: We are organizing Special needs trust. Asset allocation?
Replies: 15
Views: 939

Re: We are organizing Special needs trust. Asset allocation?

The key question is this: how many years before your child will need to start drawing from the special needs trust? Not until we die - assuming current government assistance is similar to what is available now. Assuming at least one of us lives to 85 ( good odds for one of us) , that's 20 years fro...
by Jackson12
Sat May 20, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: We are organizing Special needs trust. Asset allocation?
Replies: 15
Views: 939

We are organizing Special needs trust. Asset allocation?

We are working with a lawyer to set up a special needs trust with funds we were able to carve out of our current investments and allocate specifically for our special needs child... who is actually age 25... Not really a child. Thanks to those On Bogleheads who helped us get this far. We are current...
by Jackson12
Sat May 13, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 44
Views: 3320

Re: How much to tip movers?

I'm the OP. Thanks. Super helpful answers!
by Jackson12
Sat May 13, 2017 6:39 am
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 44
Views: 3320

Re: How much to tip movers?

Everytime somone asks a tipping question here the responses range from nothing to a lot so I'm sure you will get the same. I would give each guy $10 or give the lead guy a $30 and ask him to split it with his guys. My insecurity comes from wondering if those doing jobs which require heavy manual la...
by Jackson12
Sat May 13, 2017 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Unique HSA/HDHP Situation
Replies: 12
Views: 1078

Re: Unique HSA/HDHP Situation

Tamarind wrote:
That is a really odd HDHP to count amounts paid by the manufacturer towards your OOP limit. Can you share the name of the insurer?



This is happening to us too and manufacturer of the medication noted this would be true. I don't know how they swing it.
by Jackson12
Sat May 13, 2017 6:28 am
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 44
Views: 3320

How much to tip movers?

We are using small independent movers. The cost will be $350 and that is an extremely competitive price.Assuming they do a great job, what is a fair tip? I know what typical rates are in restaurants, house cleaners, barbers and hairdressers etc. But is there a special guideline for the amount to tip...
by Jackson12
Tue May 09, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Long Term [Care] Rates just went Through the roof!
Replies: 34
Views: 4665

Re: Long Term [Care] Rates just went Through the roof!

Well, I guess I should have expected it. 20 years ago we thought we were doing the right thing by insuring early for LTC. Paid premiums all that time. Just yesterday I received a letter saying my premiums were going up 70% and I can expect another increase after that. My options: - Reduce my covera...
by Jackson12
Sun May 07, 2017 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: How much to self fund LTC
Replies: 19
Views: 1347

Re: How much to self fund LTC

I'm 60 and bought a Genworth LTC policy 5 years ago. Right now the benefits are $225/day, 5% compound, 5 years. However, the premium has risen 43% so far, and is now $3400. I created a chart to show what the premiums may be in the future--I stress may, because no one knows--with a similar increase ...
by Jackson12
Sat May 06, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: How much to self fund LTC
Replies: 19
Views: 1347

Re: How much to self fund LTC

We bought LTCi policies some years ago when the situation was better than it is now. . So, say, ballpark: ten years at $80,000/year = $800,000, give or take. We can't swing that. We could swing the cost of the insurance. We bought the insurance. I'm very ambivalent about the wisdom of long- term in...
by Jackson12
Sat May 06, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much to self fund LTC
Replies: 19
Views: 1347

Re: How much to self fund LTC

How much do folks set aside for LTC in their retirement planning? According to the Center for Retirement Resesrch , Boston College, here's the risk of needing Long- term care and for how long. The study was published in 2014. It might be helpful when deciding how much to save : http://crr.bc.edu/wp...
by Jackson12
Sat May 06, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: How much to self fund LTC
Replies: 19
Views: 1347

Re: How much to self fund LTC

How much do folks set aside for LTC in their retirement planning? We are not only unsure about how much we need to set aside to self fund LTC but wondering if we should stop paying for LTC insurance. Please see info about both self- funding LTC and LTC insurance listed below since someone mentioned...
by Jackson12
Sat May 06, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 7210

Re: Stay home with kids?

I've been in a bit of an existential crisis lately, and I'd like to hear the Bogleheads' thoughts. Some background on our situation: ⋅ 2 working parents in their late 30s ⋅ 2 young kids, 1 in full-time preschool and 1 school aged ⋅ $6MM savings (windfall), $550k/yr inc...
by Jackson12
Sat May 06, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should we use fee based Vanguard Personal advisor services temporarily ? And our draw.
Replies: 3
Views: 500

Should we use fee based Vanguard Personal advisor services temporarily ? And our draw.

Our goal ( spouse, me) is to manage our portfolio ourselves. Our current portfolio will soon be transferred from a complex set of individual equities, equity funds, bonds, Treasuries and munis at Fidelity to Vanguard, allocated between CDs, cash, and the 3 or 4 basic Vanguard fund portfolio outlined...
by Jackson12
Fri May 05, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Medallion Signature for Vanguard Trust
Replies: 29
Views: 2169

Re: Medallion Signature for Vanguard Trust

My MIL died a few weeks ago. She had a revocable trust at Vanguard consisting of several mutual funds. My spouse and brother-in-law are co-trustrees and the only beneficiaries. One of the forms the Vanguard Trust Department sent to be completed in order to proceed requires a Medallion signature. In...
by Jackson12
Fri May 05, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: When to consider Long Term Care Insurance
Replies: 38
Views: 2760

Re: When to consider Long Term Care Insurance

OP, when deciding whether to buy LTCI at such a young age, I think you should consider what effect the coming tsunami of retiring/ailing Baby Boomers is going to have on the LTCI industry. It is my personal belief, which is admittedly based on nothing but my gut and all the LTCI threads I've read h...
by Jackson12
Fri May 05, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: When to consider Long Term Care Insurance
Replies: 38
Views: 2760

Re: When to concider Long Term Care Insurance

While I'm on the fence about long- term care insurance and have not researched the new hybrid policies out there, I urge you to look at state Parnership plans - these still may not tip the balance towards purchasing a long- term care plan.I am no insurance agent, just providing input.... This is th...
by Jackson12
Fri May 05, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: When to consider Long Term Care Insurance
Replies: 38
Views: 2760

Re: When to concider Long Term Care Insurance

Most people are adamant about staying tin their home if care is needed. Worst case scenario is care needed for 24 hours a day. At just 20 per hour that amounts to about 500 a day, 15,000 a month and 180,000 per year. Just because someone wants something does not mean the insurance is going to cover...
by Jackson12
Sun Apr 30, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: When to consider Long Term Care Insurance
Replies: 38
Views: 2760

Re: When to concider Long Term Care Insurance

Is there a certain age, criteria, etc. that one should consider buying this coverage for me and / or my wife ? Me and my wife are in our mid 30s with soon to be two children. Just watched a family member go through ALS and all that comes with that. Got me thinking about what care costs and if I am ...
by Jackson12
Sun Apr 30, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: When to consider Long Term Care Insurance
Replies: 38
Views: 2760

Re: When to concider Long Term Care Insuranc

I will never consider a product with undisclosed commissions were Ins. companies can raise rates at any time. http://www.insurance.ca.gov/01-consumers/105-type/95-guides/05-health/01-ltc/rate-history-inactive.cfm http://www.insurance.ca.gov/01-consumers/105-type/95-guides/05-health/01-ltc/rate-hist...
by Jackson12
Sun Apr 30, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: I read Boglehead posts on LTC ins. Has anyone made a claim yet? How'd it go? Claims paid?
Replies: 36
Views: 4886

Re: I read Boglehead posts on LTC ins. Has anyone made a claim yet? How'd it go? Claims paid?

California's http://www.insurance.ca.gov/01-consumers/105-type/95-guides/05-health/01-ltc/rate-history-inactive.cfm http://www.insurance.ca.gov/01-consumers/105-type/95-guides/05-health/01-ltc/rate-history-active.cfm Here's a link to the Connecticut Insurance Dept LTC Rate Increase filings page if ...
by Jackson12
Sun Apr 30, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: When to consider Long Term Care Insurance
Replies: 38
Views: 2760

Re: When to concider Long Term Care Insuranc

There is a thread on this board which asked how many people had actually used their long-term insurance benefits. A fair number had. I'm still searching for that thread. In most long-term care insurers paid claims. Some were slow... but did pay. Perhaps this is the thread you are thinking of: viewt...
by Jackson12
Sat Apr 29, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?
Replies: 24
Views: 1080

Re: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?

Labs can vary in quality. I'd be leery of going to a place that didn't require a doctor's order, unless my doctor (or other reputable research of some sort, beyond they lab itself telling me that they're great) could tell me that the lab was truly reputable. Anyone can print out "results."...
by Jackson12
Sat Apr 29, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?
Replies: 24
Views: 1080

Re: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?

There are many companies that now offer low cost blood tests that you can order yourself. Here is one company that I used recently based on recommendation of an earlier thread on this site. http://www.directlabs.com Question is: do health insurance companies cover the costs , partly or in whole? Or...
by Jackson12
Sat Apr 29, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: When to consider Long Term Care Insurance
Replies: 38
Views: 2760

Re: When to concider Long Term Care Insurance

Most people are adamant about staying tin their home if care is needed. Worst case scenario is care needed for 24 hours a day. At just 20 per hour that amounts to about 500 a day, 15,000 a month and 180,000 per year. My 60 year old brother had a massive stroke last week and thankfully he had kept h...
by Jackson12
Sat Apr 29, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?
Replies: 24
Views: 1080

Re: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?

But from responses to my question, it seems that lab costs should not vary- as long as the tests are the same from lab to lab. Different labs will charge different amounts for the same test. A particular lab will even charge different amounts for the same test depending on their contracts with the ...
by Jackson12
Sat Apr 29, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?
Replies: 24
Views: 1080

Re: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?

If you live in Arizona you can get lab tests without a doctor's order, seems like one way to go. HEALTH PROFILES – TEST PACKAGES Expanded Health Profile – includes Comprehensive Metabolic Panel & Lipid Panel – F (780086) $ 37 Comprehensive Metabolic Panel (CMP) – F (900323) $ 17 Men’s Complete ...
by Jackson12
Sat Apr 29, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?
Replies: 24
Views: 1080

Re: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?

What is frustrating and totally impossible to input into our medical budget is the varying co-insurance amount (even if my husband has the same type of bloodwork),from one rheumatologist to another. That difference seems especially puzzling. Perhaps the different specialists prefer or use different...
by Jackson12
Fri Apr 28, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?
Replies: 24
Views: 1080

Re: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?

First - you have the right to choose where your lab work is done. It may make your physician unhappy to retrieve your results from a different lab, but you may still choose. Second - I've understood that the insurance company sets the price of a particular lab test in their contract. So, provided t...
by Jackson12
Thu Apr 27, 2017 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?
Replies: 24
Views: 1080

Re: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?

I once had a sequence of 6 doctor visits weekly that to me were subjectively/objectively identical, each apparently got coded slightly differently, and as a result were reimbursed differently, etc. It's highly frustrating. So much sympathy to you. Thank you. This is one reason we went with a co-pay...
by Jackson12
Thu Apr 27, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?
Replies: 24
Views: 1080

Re: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?

Does your copay for the same blood test vary from provider to provider? Usually the way it works is that the health coverage company contracts with various providers at different rates, but the co-pay stays the same for the patient for the same service in a similar setting such as at doctors' offic...
by Jackson12
Thu Apr 27, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Major health issue - finding new employment with health coverage
Replies: 35
Views: 2525

Re: Major health issue - finding new employment with health coverage

My spouse's employer ( a large company) discloses health benefits and employer matches for insurance, pre-tax retirement plans, , etc.,,during interviews. The rationale is that it helps motivate potential employees to accept job offers. And it seems to work. Ther is plenty of competition for jobs of...
by Jackson12
Thu Apr 27, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?
Replies: 24
Views: 1080

Co-pay health insurance- Varying costs for specific and same blood tests needed regularly?

I wrote an earlier post and then tried to edit it and ended up deleting the original post. . So one poster's response to the original post and may not seem clesr. That's my fault. But here's the gist of what I posted as well as updated information : We received a bill for my husband's specialized bl...
by Jackson12
Mon Apr 24, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Restricted Application Question
Replies: 3
Views: 561

Re: Social Security Restricted Application Question

Ethyl was born 1 Sept 1952 and is receiving Social Security Disability benefits. Fred was born 20 April 1951 and just reached full retirement age. Fred’s PIA will be higher than Ethyl’s. It is my understanding, under the new rules, that Fred is still able to file a restricted application and begin ...
by Jackson12
Mon Apr 24, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: typical deductions for retirees
Replies: 27
Views: 2354

Re: typical deductions for retirees

Keep an eye on health care expenses. You may find that at some point you incur some expenses that aren't reimbursed by insurance (dental, eye care and hearing aides come to mind). If you keep your AGI low enough, there may be a point when it counts. Good point. And keep in mind that the expense of ...
by Jackson12
Mon Apr 24, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: typical deductions for retirees
Replies: 27
Views: 2354

Re: typical deductions for retirees

Keep an eye on health care expenses. You may find that at some point you incur some expenses that aren't reimbursed by insurance (dental, eye care and hearing aides come to mind). If you keep your AGI low enough, there may be a point when it counts. Good point. And keep in mind that the expense of ...
by Jackson12
Mon Apr 24, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Baby on the way checklist
Replies: 34
Views: 2748

Re: Baby on the way checklist

We are expecting shortly! Lots of changes coming and wanted to make sure financial house is in order. Disability insurance is in place as is umbrella, renters, auto. We do not have life insurance or wills. Do I need to see an estate lawyer? Appreciate input on anything and everything. Congrats on y...
by Jackson12
Mon Apr 24, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: LLC taxes- discrepancy between Tax preparer instructions and official government form
Replies: 12
Views: 921

Re: LLC taxes- discrepancy between Tax preparer instructions and official government f

I got a surprise call from our tax preparer today. Seems he's periodically checking and responding to voice mails even while on vacation. Our LLC is now classified as a Partnership and LLC. ..not just an LLC. Those returns are now due on March 15th...as are S-Corps. Last year, partnership tax return...
by Jackson12
Sun Apr 23, 2017 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: LLC taxes- discrepancy between Tax preparer instructions and official government form
Replies: 12
Views: 921

Re: LLC taxes- discrepancy between Tax preparer instructions and official government form

spectec wrote:I'm out of ideas.

Thanks for your time and suggestions. I appreciate it.
by Jackson12
Sun Apr 23, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: LLC taxes- discrepancy between Tax preparer instructions and official government form
Replies: 12
Views: 921

Re: LLC taxes- discrepancy between Tax preparer instructions and official government form

spectec wrote:Which state? I looked it up and only Alabama, Alaska, and Oregon have a $100 minimum annual fee for LLC's. Due dates vary - for example the Oregon fee is due in each anniversary month of the formation of the LLC.


This is not an annual fee. It is taxes due.
by Jackson12
Sun Apr 23, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: LLC taxes- discrepancy between Tax preparer instructions and official government form
Replies: 12
Views: 921

Re: LLC taxes- discrepancy between Tax preparer instructions and official government form

spectec wrote:Is the $100 due to IRS or to your state? This may be a franchise tax or an annual report fee of some sort rather than income tax. Penalties on these payments can vary greatly from state to state.


It is due to the state.
by Jackson12
Sun Apr 23, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: LLC taxes- discrepancy between Tax preparer instructions and official government form
Replies: 12
Views: 921

Re: LLC taxes- discrepancy between Tax preparer instructions and official government form

The only thing that I know of that is due by April 30th are payroll taxes. Thanks. I'm surprised by the preparer's mistake (still assuming this is one) but it is an extremely rare event. We've used this preparer for many years. We owe less than $100 in taxes for the LLC this year so, until further ...
by Jackson12
Sun Apr 23, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: LLC taxes- discrepancy between Tax preparer instructions and official government form
Replies: 12
Views: 921

Re: LLC taxes- discrepancy between Tax preparer instructions and official government form

Form 8879 is not filed with the IRS. The preparer keeps it. It authorizes e-filing. That part I'm sure of based on my TaxAide experience. On the other question, I never heard of an April 30 deadline for anything. Thanks for responding. I never heard of the April 30th filing either but I was so slee...
by Jackson12
Sun Apr 23, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19652

Re: Any regrets living a frugal life for high income/high networth individuals?

My parents had a very high income and had no regrets for living frugally. They had all they needed or wanted and had no desire to impress anyone. Late in life, they did buy a small condo in Florida and became snowbirds. But that was their greatest indulgence. If we had the same income, I'd follow th...

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