Search found 66 matches

by MrsBDG
Thu Apr 19, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Deciphering USAA Auto Policy (or any auto policy for that matter). Need help.
Replies: 7
Views: 826

Re: Deciphering USAA Auto Policy (or any auto policy for that matter). Need help.

I could not get an umbrella from USAA either, but they did send me to one of their partner companies, I have something with American Modern and USLI, ask about that option, if, in fact their rates are good for you. I have learned that, yes, they have expanded membership, but there are different rate...
by MrsBDG
Fri Apr 06, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Second home [buy with retirement funds?]
Replies: 51
Views: 2945

Re: Second home [buy with retirement funds?]

About 15 years ago my husband starting bugging me about getting a house in the place he loves, but it was impractical, kids in HS, it's 1400 miles from home so a serious venture, etc. We continued to talk about the idea and when the youngest kid graduated HS we took some of our stuff to a storage un...
by MrsBDG
Tue Apr 03, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why are some term life insurance quotes so different in price?
Replies: 6
Views: 583

Re: Why are some term life insurance quotes so different in price?

Check Term4Sale.com If you are getting a quote from a casualty company, like Farmers, etc., they are generally not competitive on life insurance, that is not their primary focus. Whereas a quote from Protective Life or American General or Lincoln National, those companies are focused on life insuran...
by MrsBDG
Tue Apr 03, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4198

Re: Second Marriage & Beneficiaries Conundrum

proceeds split such that the children of the one who died first would receive 50% of the fair market value of the house at the time of the death. The other half plus any increase in market value would go to the children of the second partner to die. So, Mom dies, her kids get nothing at the time, b...
by MrsBDG
Thu Feb 08, 2018 1:56 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 193
Views: 28773

Re: How to Minimize Your Emergency Care Expenses

Regarding the earlier story of surgery & signing forms and doctors nowt being in network, if that happens you should appeal. If you have done your due diligence and are using an in network facility and in network main physician, and you have no control over the other guys- assistants, anesthesiologi...
by MrsBDG
Tue Jan 23, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Those who retired and moved to another country, where did you go?
Replies: 7
Views: 1650

Re: Those who retired and moved to another country, where did you go?

And consider medical care, both the quality and the expense.
by MrsBDG
Mon Jan 22, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry Insurance - Custom Ring Options?
Replies: 11
Views: 661

Re: Jewelry Insurance - Custom Ring Options?

USAA does have a valuable personal property rider for jewelry. I believe it can be added to a renter's policy, I have a kid with a USAA renter policy and a valuable item rider added. I checked into the insurance a few years ago and USAA was half the price of the other places, for my quote. There are...
by MrsBDG
Mon Jan 15, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee vs POA
Replies: 27
Views: 1569

Re: Trustee vs POA

You make it sound like you might be trustee and one of the caregivers POA, be aware, there can be POAs to allow one to act as Trustee, so make sure you understand each document that is created and signed.
by MrsBDG
Mon Jan 08, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: protecting future inheritance
Replies: 31
Views: 3007

Re: protecting future inheritance

If Dad blows the money on trophy girlfriends and then has to live with the kids, it is in the kids interests to protect him from himself.
by MrsBDG
Fri Jan 05, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Limit Owner Use of Rental Home to Two Weeks?
Replies: 23
Views: 3917

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

I see the following with a quick Google (d) Use as residence (1) In generalFor purposes of this section, a taxpayer uses a dwelling unit during the taxable year as a residence if he uses such unit (or portion thereof) for personal purposes for a number of days which exceeds the greater of— (A) 14 da...
by MrsBDG
Fri Jan 05, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: LegalZoom Living Trust Estate Plan for 2
Replies: 11
Views: 1005

Re: LegalZoom Living Trust Estate Plan for 2

I used Legal Zoom to set up a Living Trust for my parents, in their 80s, one paid for home, nothing complicated at all. Super simple. I believe it included or offered the options for will, living will, POA. We set it all up, Dad died, trust worked fine, no issue with banks etc. I am the trustee, eve...
by MrsBDG
Thu Jan 04, 2018 2:03 am
Forum: Personal Finance (Not Investing)
Topic: College question - divorced parents living in different states?
Replies: 4
Views: 539

Re: College question - divorced parents living in different states?

Usually the residency state is the state of the custodial parent, but a kid could move and live with the other parent for a year or so to establish residency in the new state in order to obtain those in state rates. Check out College Confidential forum for more details on things like this.
by MrsBDG
Mon Dec 11, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: [How do I buy] Life Insurance
Replies: 11
Views: 1789

Re: [How do I buy] Life Insurance

I am not familiar with the "no exam" under $1MM being ordinary, there are some companies, Lincoln for example, which may waive the exam, but in general the majority of companies still want an exam for preferred best rates. Buy a term plan, use Term4Sale.com, talk to assorted agents (term4sale will c...
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: 1261

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: 1261

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: 5492

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: 5492

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: 25
Views: 1697

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: 23
Views: 3917

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: 361

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: 58
Views: 4631

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: 1615

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: 791

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: 1551

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: 5858

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: 458

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: 3237

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: 6110

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: 5363

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: 918

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: 692

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: 5363

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: 1010

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: 3774

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: 3774

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: 584

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: 5363

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: 5363

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: 6818

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: 2060

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: 6433

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: 1210

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: 2406

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: 1664

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: 6715

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: 784

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: 1726

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: 879

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: 6134

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.