Search found 53 matches

by MrsBDG
Tue Dec 05, 2017 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Mutual Funds or alternates that don't force income
Replies: 10
Views: 1055

Re: Mutual Funds or alternates that don't force income

We have some cap loss carryforward so always take the $3k, am I correct that if we had more gains in mutual funds that we could use those carry forward losses to offset LT capgains before the MAGI is calculated?
by MrsBDG
Sat Dec 02, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Mutual Funds or alternates that don't force income
Replies: 10
Views: 1055

Mutual Funds or alternates that don't force income

We need to manage our income so we can maintain ACA subsidies, is there any sort of mutual fund or similar investment for monies not in retirement accounts which would allow us to just let the gains reinvest? We don't want to access these funds for at least 5-10 years and need them to earn and grow,...
by MrsBDG
Wed Nov 15, 2017 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 65
Views: 4704

Re: Draft a will with legalzoom or other online legal help

In your case, I would suggest life insurance for estate liquidity, assume you have no estate taxes, but what if all your rentals do not debt service, or if expensive repairs are needed and it is a bad time, either a bad time to liquidate stocks in the market, or a bad time to sell real estate. Imagi...
by MrsBDG
Tue Nov 14, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 65
Views: 4704

Re: Draft a will with legalzoom or other online legal help

I, too, agree that LegalZoom etc. are fine for simple wills and trusts, I did my parents that way and it worked out fine. However, your need for the attorney is to have him ask you questions about things you are unaware of, your estate value should grow and could eventually be at risk for federal es...
by MrsBDG
Wed Nov 01, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning/Special Needs Trusts/Other issues
Replies: 24
Views: 1315

Re: Estate Planning/Special Needs Trusts/Other issues

There are special needs trusts which are specifically designed to comply with government standard such that the beneficiary still qualifies for SSI-DIS and Medicaid. If that trust does not follow all the rules, the person could lose benefits. Is preserving Medicaid and SSI-DIS a need/goal? If so, do...
by MrsBDG
Wed Nov 01, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Limit Owner Use of Rental Home to Two Weeks?
Replies: 18
Views: 2528

Re: Limit Owner Use of Rental Home to Two Weeks?

If the owner uses the home for personal use for more than 14 days, then all expenses are prorated and any unrented days count as owner personal days. Meaning if you AirBnb the place all year except the one month you use it, but you have gaps between guests and only net 200 rented nights, then all yo...
by MrsBDG
Sat Oct 28, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Anyone have life insurance with Protective?
Replies: 2
Views: 274

Re: Anyone have life insurance with Protective?

Protective is a great company for customer service, in the 1990s they bought up quite a few other companies so we have seen them in many C/S situations and they are one of my favorites. I have not seen any deals where cutting out the agent gets you a cheaper premium, but I have not cross checked the...
by MrsBDG
Sat Oct 14, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 3039

Re: Annuities - how does insurance company know you died?

My parent's annuity company sends a proof of life form each year to be signed by the recipient and notarized, I think it began in their late 80s or maybe at age 90.
by MrsBDG
Mon Oct 02, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Initial co-trustee instead of successor trustee
Replies: 25
Views: 1414

Re: Initial co-trustee instead of successor trustee

Generally a living trust becomes irrevocable at the death of the first grantor, but either way, it should be irrevocable at the death of the second grantor. Your Mom was the grantor and the trustee and the beneficiary of the trust when alive, right? All the income of the trust was reported on her SS...
by MrsBDG
Mon Oct 02, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance with long term care rider
Replies: 6
Views: 702

Re: Life insurance with long term care rider

There are many traditional companies adding much more serious LTC riders to their life policies, definitely worth checking them out. Take a look at Transamerica LB, more expensive then straight term, but has accelerated death benefit as well as chronic and critical care benefits, great options. The ...
by MrsBDG
Fri Sep 22, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Policy to "shelter" money from Financial Aid calculations
Replies: 23
Views: 1385

Re: Life Insurance Policy to "shelter" money from Financial Aid calculations

If you are sheltering money in a cash value policy, be alert, there are surrender charges and that money will likely not be 100% available for 10-20 years. There are some excellent uses for a cash value policy, but putting the money in there with a kid in HS would not be one of them. As other stated...
by MrsBDG
Wed Sep 20, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased Mother medical bill
Replies: 42
Views: 5570

Re: Deceased Mother medical bill

Taking this case down a hypothetical twist, if Mom had had a living trust and all assets were in the trust, does the nursing home have a legitimate claim against the trust?
by MrsBDG
Thu Sep 14, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up a small inheritance for a disabled person
Replies: 2
Views: 404

Setting up a small inheritance for a disabled person

I am attempting to help my parents with how to leave property to a disabled sibling; they had set up their living trust such that the disabled sibling would be left their portion of the estate, think $50-75k most likely, in the form of an annuity so that the funds are not quickly used up, as has hap...
by MrsBDG
Thu Sep 14, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 37
Views: 3023

Re: Auto Insurance Question

It's possible people with great credit scores have more available cash and avoid making smaller claims, either due to a high deductible or just based on choosing to pay cash for repairs in order to avoid insurance costs increasing.
by MrsBDG
Sat Sep 02, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 42
Views: 5127

Re: Jewelry insurance. Is it ever worth it?

If you have your nice jewelry appraised, for example for $20k appraised value, you would generally be lucky to sell it for $5k and probably could buy it at a discount for $10k, so you could choose to insure it for $10k instead of $20k
by MrsBDG
Thu Aug 31, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Life Insurance
Replies: 26
Views: 4260

Re: Buying Life Insurance

Underwriters have a hard time offering any coverage to any applicant if the medical records show a test was ordered by the doctor and then declined. How the conversation went with the doctor might not be accurately reflected in the medical records (CYA and all that) I have seen clients go to the doc...
by MrsBDG
Thu Aug 31, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life
Replies: 7
Views: 835

Re: Term Life

Termforsale.com is a great option to connect the buyer with three agents in their chosen zip code, allowing you to choose the one with whom you connect.
by MrsBDG
Fri Aug 18, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: question regarding life insurance purchase: online vs. real-life agent
Replies: 8
Views: 605

Re: question regarding life insurance purchase: online vs. real-life agent

The check should be payable to the insurance company, but is usually mailed to the agent so they can ensure it goes to the right department and is applied properly. This is pretty normal in my experience. You may also be able to ask to pay the initial premium via bank draft or credit card. I would n...
by MrsBDG
Mon Jul 24, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Life Insurance
Replies: 26
Views: 4260

Re: Buying Life Insurance

There are no fees associated with Term4Sale for the client, agents pay to advertise there.
Agent's are paid a commission by the company.
by MrsBDG
Mon Jul 24, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign Currency Account [US resident wants bank account in Canada]
Replies: 9
Views: 869

Re: Foreign Currency Account [US resident wants bank account in Canada]

In my experience, Canadian banks require a Canadian address to open the account, check on that.
by MrsBDG
Mon Jul 24, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in an AirBNB unit? ROI?
Replies: 32
Views: 3400

Re: Investing in an AirBNB unit? ROI?

what are the costs related to the extra liability and home insurance? What does the effective tax rate turn out to be on this income? Did you need to pass any local housing inspections and if so what changes were required to meet the codes? My place was insured at USAA, they don't allow STR so I ch...
by MrsBDG
Sun Jul 23, 2017 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in an AirBNB unit? ROI?
Replies: 32
Views: 3400

Re: Investing in an AirBNB unit? ROI?

We have a second home which we put on VRBO in order to cover the costs of having the place, but it turned out to be much busier than expected that first season. I'd say we netted about 7-8% on our basis plus covered all the costs. I do all the bookings and accounting and have an onsite manager to wh...
by MrsBDG
Sun Jul 23, 2017 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Benefit Interest?
Replies: 4
Views: 536

Re: Life Insurance Benefit Interest?

I agree with the above, 3.5% is very good and most well-reputed insurance companies are conservative and considered safe. If I were in your situation, I would feel comfortable leaving the money with the company, depending on the company, until I was ready to move it to something else or until intere...
by MrsBDG
Thu Jul 13, 2017 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Buying Life Insurance
Replies: 26
Views: 4260

Re: Buying Life Insurance

Ohio National is a great smaller, old-fashioned (in a nice way) company. They have two term options that are often similar in price, FlexTerm and FlexTermPlus. FlexTermPlus gives you a much better conversion option should you ever need to convert, without evidence of insurability, all or a portion o...
by MrsBDG
Tue Jul 11, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Life Insurance
Replies: 26
Views: 4260

Re: Buying Life Insurance

Term4Sale has agents/brokers assigned by Zip code, you can pull up your home or work zip code and see what response you get. You should hear from three agents. See with which one you feel comfortable. I don't know many of the other agents, but I have been affiliated, as agency, for over 20 years and...
by MrsBDG
Tue Jul 11, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 54
Views: 6368

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

We have so many passwords required with so many different rules and often are required to update them, I have a business basic, a personal basic, and a shopping basic. In a saved email I list each website and the changes to the basic password, once a year I print them out and then hand write the bas...
by MrsBDG
Tue Jun 27, 2017 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Need your help to pick life insurance carrier :)
Replies: 22
Views: 1769

Re: Need your help to pick life insurance carrier :)

Don't worry a bit about the agent being out of state, in the last twenty years it has become common for agents to be licensed in multiple states, from your larger websites with nationwide coverage to a smaller brokerage which is licensed in surrounding states or states to which they have a tie. You ...
by MrsBDG
Sat Jun 17, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: USAA opinions. Worth it?
Replies: 53
Views: 5657

Re: USAA opinions. Worth it?

The retired military officer in the family is now dead, they told us then that the subscriber savings is ONLY for him, none of us who qualified as dependents will have one. Interesting about the tiers, that makes sense, when they began taking enlisted people a few years ago, I encouraged my parents ...
by MrsBDG
Sat Jun 17, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid Capital Gain Tax
Replies: 4
Views: 1125

Re: How to avoid Capital Gain Tax

Just off the top of my head, can they sell the two rentals, 1031 into a new rental in the desired location and later convert that rental to their retirement home?
by MrsBDG
Thu Jun 15, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Genetic testing and insurance
Replies: 18
Views: 2105

Re: Genetic testing and insurance

@IMO The life insurance companies have contracts with the lab companies, based on volume they pay much less than you or your insurance company would plus they do tests your physician would not-cocaine in urine? Tobacco end products in blood? Alcohol screening, certain liver enzymes are not generally...
by MrsBDG
Thu Jun 15, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary designations for trust
Replies: 15
Views: 1387

Re: Beneficiary designations for trust

It seems like each company, be that life insurance, bank, title companies, etc., has their own form to be completed, they want everyone's trust details on some sort of memorandum of trust so that when they look for a term, like trustee or date or anything, they always look in the same place for it a...
by MrsBDG
Sat Jun 10, 2017 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: How does a mere mortal navigate healthcare/insurance issues
Replies: 55
Views: 6181

Re: How does a mere mortal navigate healthcare/insurance issues

I had a surgery where the physician assisting was out of network, I called the company several times and they said they would look into it, but I had to write a letter to the insurance company. I believe, based on my having everything I could pre-approved and all in network, they paid the assisting ...
by MrsBDG
Wed Jun 07, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Wedding Ring repair
Replies: 5
Views: 694

Re: Wedding Ring repair

There is a wide difference in prices in jewelry. We recently had a death in the family and trying to sell her jewelry was not fun. If you have an item appraised for, say $10k, you ought to be able to buy it for $5k and the most anyone will give you for it is $2500, in ballpark numbers. There are "je...
by MrsBDG
Mon Jun 05, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can anyone help re: calculating income for ACA eligibility?
Replies: 23
Views: 1489

Re: Can anyone help re: calculating income for ACA eligibility?

You can also consider timing your income, if there are no investments in your business that would allow you to go to the right number, can you either skew expenses or income into or out of one of the years so that you at least qualify for subsidies in alternate years? Definitely use the HSA contribu...
by MrsBDG
Mon Jun 05, 2017 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Help with Life Insurance Decision
Replies: 5
Views: 779

Re: Help with Life Insurance Decision

Many of the term options you mentioned do offer a living benefit of accelerated death benefit if you are terminally ill and some term plans offer a chronic or critical illness rider. Transamerica LB is the most generous on that. Some term plans offer a waiver of premium, if that is an important opti...
by MrsBDG
Wed May 31, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Pensioner Envy!
Replies: 21
Views: 5975

Re: Pensioner Envy!

I hope your Dad has a life policy guaranteed to age 100, not a term he could outlive, unless there are other plans for mom. I know BH people are not very interested in CV life insurance, but there are a tremendous number of GULs that don't build CV, they function similarly to a term to age 100-120.
by MrsBDG
Wed May 24, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Division of Assets A/B trust: am I entitled to see POD proof?
Replies: 26
Views: 3048

Re: Division of Assets A/B trust: am I entitled to see POD proof?

It sounds to me like the couple set up everything to be split between the kids and Dad is now taking advantage of the personal accounts not being in the trust to block those assets from one or both kids. One the one hand, that could be reasonable, he could live another 7 years and need that money fo...
by MrsBDG
Wed May 24, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Ohio National for disability insurance?
Replies: 12
Views: 954

Re: Ohio National for disability insurance?

Agent A might not be contracted with Ohio National. I know that Ohio National Life is not a company that is offered by the big offices, like Crump; rather Ohio is a smaller more old fashioned company, it's nice, like dealing with other companies in the 1980s, just a more old fashioned feel. You have...
by MrsBDG
Wed May 24, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Convert EE Savings Bonds at Treasury Direct?
Replies: 8
Views: 1325

Re: Convert EE Savings Bonds at Treasury Direct?

I converted my parents paper bonds to Treasury Direct, it is both 'fine' and a pain. The website is just clunky like you might expect from the lowest government bidder, the communication is annoying, but it also works just fine. Bonds mature, I get an email, I transfer the proceeds to her bank. Dad ...
by MrsBDG
Thu May 18, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: ssi and special needs fund
Replies: 11
Views: 1018

Re: ssi and special needs fund

How would you determine which a person is on? My sister has an in law they are trying to help, pretty sure they were on SSI, but now that they are over 65, what could my sister look at or ask about to determine if the person is no longer means tested? She's not sure that simply asking the question w...
by MrsBDG
Wed May 17, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance in older age?
Replies: 12
Views: 2047

Re: Term life insurance in older age?

You can buy insurance all the way to age 85-90 if you choose to afford it, and term insurance is generally available to purchase through age 79. Just keep in mind, the older you are at the beginning of the policy and/or the longer the term chosen, the higher the premium. It's not going to be cheap, ...
by MrsBDG
Wed May 17, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Convertible Life Insurance
Replies: 11
Views: 968

Re: Convertible Life Insurance

Most of the term policies today are convertible, one thing to keep in mind is that the value of the conversion is which policies you may use to convert. Many companies seem to offer you the option to convert to any of their UL/WL for the first 5 years and then limit the options much more after that ...
by MrsBDG
Tue May 16, 2017 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Any experience with VRBO? [Vacation Rentals By Owner]
Replies: 19
Views: 4060

Re: Any experience with VRBO? [Vacation Rentals By Owner]

Homeaway/VRBO now offers a $1MM liability as they continue to copy ABB. I am a relatively new host & VRBO has been making constant changes for the last 15-18 months since Expedia bought them, many owners are quite unhappy. Some owners paid over $2k per listing for promoted position in the search and...
by MrsBDG
Tue May 16, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: recent widow needs help with life insurance payout options
Replies: 44
Views: 3680

Re: recent widow needs help with life insurance payout options

Sorry for your loss. I wanted to chime in to say that the 3% account can be a great option if you feel good about the company and they are well-rated. The only time I would not take option 2 whilst considering long term choices is if I wanted to explore #3. Oft times a company is offering a better I...
by MrsBDG
Sun May 07, 2017 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)
Replies: 50
Views: 3859

Re: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)

Regarding fees, the Universities of California have no tuition at all, but tons of fees ;) For her weekday apartment, I wonder if she could become a dorm RA in anyway such that she got free room and board, they probably want full time people, but there could be an unusual opportunity, seems like a p...
by MrsBDG
Wed Apr 26, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: EE savings bond complications (owned by parent with dementia, paper, no beneficiary)
Replies: 9
Views: 1413

Re: EE savings bond complications (owned by parent with dementia, paper, no beneficiary)

I had a somewhat similar situation, Dad died, Mom continues. I am the trustee of the trust. I went through the conversion to electronic bonds and simultaneously put them into the trust. It was PITA, but not in any complicated way, just that the treasurydirect.gov site and workings caused me to feel ...
by MrsBDG
Fri Apr 21, 2017 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 80
Views: 9808

Re: Should I cancel my whole life policy?

I agree with the above posters, consult Term4Sale.com, they are not agents, but they will give you the names of three agents who work in your zip code. It sounds like the free look refund is not an option, in my experience, companies do refund unearned premium, though it might be prorated based on t...
by MrsBDG
Tue Apr 18, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: USAA and Haven Life (Mass Mutual) Life Insurance Quotes
Replies: 12
Views: 1891

Re: USAA and Haven Life (Mass Mutual) Life Insurance Quotes

I can affirm that I got my adult daughter a Protective policy w a Hx of exercise related seasonal asthma, preferred best rates.
by MrsBDG
Tue Apr 18, 2017 2:44 am
Forum: Personal Finance (Not Investing)
Topic: USAA and Haven Life (Mass Mutual) Life Insurance Quotes
Replies: 12
Views: 1891

Re: USAA and Haven Life (Mass Mutual) Life Insurance Quotes

Go to Term4sale.com, they aggregate all the companies, they don't sell. They'll give you three local agents to contact, those agents can check your build, their can be a pretty big difference in build charts. The agents ought to be able to advise on the asthma history, too. Presenting it in optimal ...