Search found 135 matches

by Prudence
Mon Apr 18, 2016 7:24 am
Forum: Personal Finance (Not Investing)
Topic: VA Medical Benefits
Replies: 13
Views: 1465

Re: VA Medical Benefits

Thank you very much for the above reply and all the other replies. I would just add that my friend has been receiving the care and treatment exactly as you describe.
by Prudence
Sun Apr 17, 2016 7:47 am
Forum: Personal Finance (Not Investing)
Topic: VA Medical Benefits
Replies: 13
Views: 1465

Re: VA Medical Benefits

Just because you are a vet does not automatically give you health care access. Currently, there is a classification system which contains eight separate levels of rating for your benefits: http://www.va.gov/healthbenefits/resources/priority_groups.asp As for myself? I'm in Group 3, but still not el...
by Prudence
Sat Apr 16, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Where to buy part F Medicare?
Replies: 28
Views: 1671

Re: Where to buy part F Medicare?

Medicare for Dummies advised obtaining a Medigap policy with the community-rated pricing method. In my zip code in Maryland, it appeared that only AARP / United offered F with community-rated.
by Prudence
Sat Apr 16, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: VA Medical Benefits
Replies: 13
Views: 1465

VA Medical Benefits

I live in Maryland close to the beltway. An acquaintance has been recommending VA over Medicare. He has been using VA medical for 40 years and believes the treatment is very good. This includes primary care, specialists, drugs, surgery etc. For him, no expenditures for Part B, Part D, or Medigap. Su...
by Prudence
Sat Mar 26, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension - Joint Survivor Annuity
Replies: 41
Views: 2187

Re: Defined Benefit Pension - Joint Survivor Annuity

my wife and I are both eligible for pensions. Hers mostly inflation adjusted, mine not . Both of us eligible to choose 0, 50, 75 or 100% to survivor. What we did was calculate what we would each need financially as survivor: assuming needing about 70% of joint income. We took into account social se...
by Prudence
Thu Mar 24, 2016 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension - Joint Survivor Annuity
Replies: 41
Views: 2187

Re: Defined Benefit Pension - Joint Survivor Annuity

Just to confirm, you chose the 100% option (surviving spouse would receive the same annuity payment as when you were alive), right? Correct. To clarify, this would be the "same", but of a reduced amount compared with the payment if only 75% or 50% was selected for the survivor. (That diff...
by Prudence
Thu Mar 24, 2016 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension - Joint Survivor Annuity
Replies: 41
Views: 2187

Re: Defined Benefit Pension - Joint Survivor Annuity

The calculations are based in part on the age difference between the retiree and the survivor. In our case, my spouse is two years younger than me. The reduction for going with the 100% survivor continuance vs. the 50% (for my larger COLA'd pension) was only 9%. My Federal FERS pension (much smalle...
by Prudence
Wed Mar 23, 2016 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension - Joint Survivor Annuity
Replies: 41
Views: 2187

Re: Defined Benefit Pension - Joint Survivor Annuity

The calculations are based in part on the age difference between the retiree and the survivor. In our case, my spouse is two years younger than me. The reduction for going with the 100% survivor continuance vs. the 50% (for my larger COLA'd pension) was only 9%. My Federal FERS pension (much smalle...
by Prudence
Wed Mar 23, 2016 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension - Joint Survivor Annuity
Replies: 41
Views: 2187

Defined Benefit Pension - Joint Survivor Annuity

My company's pension plan materials state that, if one is married, the normal annuity form is a 50% joint and survivor annuity which provides a reduced monthly payment for his lifetime. At death, the survivor will receive payments for 50% of the annuity going forward. I need to choose between the 50...
by Prudence
Wed Mar 09, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: File-and-suspend strategy for Social Security - check my understanding?
Replies: 9
Views: 706

Re: File-and-suspend strategy for Social Security - check my understanding?

The bold is my emphasis. Since it's not April 29th yet, my mother-in-law would be able to file a restricted application just for spousal benefits (and allow the individual benefit to continue to grow till age 70).. or am I not understanding this correctly? I appreciate the guidance! Not correct. Sh...
by Prudence
Mon Mar 07, 2016 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 34
Views: 2186

Re: Medicare Part D

Thanks much!
by Prudence
Fri Mar 04, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 34
Views: 2186

Re: Medicare Part D

Great replies! I feel much more comfortable now. Thank you.
by Prudence
Fri Mar 04, 2016 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 34
Views: 2186

Medicare Part D

Last week, many of you helped me with a question on Part B (resolved!). I am 69 and retiring on April 1st. I have Part A and Part B and Medigap F. The reading I have done suggests that a Part D prescription drug plan would be a good idea. According to the medicare.gov plan finder, there are 19 plans...
by Prudence
Sun Feb 21, 2016 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Re: Medicare Part B

I don't know if it is still true, but it used to be that you had until 60 days AFTER you left your employment to sign up retro-actively for COBRA coverage. Of course, you want a secondary insurance in case you are hospitalized on April 2. Even if Medicare starts on April 1, 20% of the remaining bil...
by Prudence
Sun Feb 21, 2016 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Re: Medicare Part B

I went through this process recently. My employer signed the Request For Employment Information form in September completing the "Still Employed" box as of 09/2015, and the Employment "To" box was left blank since my employment had not ended. Went to the Social Security office i...
by Prudence
Sun Feb 21, 2016 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Re: Medicare Part B

mbres60 wrote:Why be uninsured for a month? Have the effective date be April 1.

Not sure Medicare will do that in this specific situation but I will ask on Tuesday. Thank you.
by Prudence
Sat Feb 20, 2016 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Re: Medicare Part B

I went through this process recently. My employer signed the Request For Employment Information form in September completing the "Still Employed" box as of 09/2015, and the Employment "To" box was left blank since my employment had not ended. Went to the Social Security office i...
by Prudence
Sat Feb 20, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Re: Medicare Part B

I have been in Human Resources for more years than I would like to admit on a public forum, and several of these responses are completely and totally incorrect. First, if you are over 65 and elect COBRA, then Medicare A and B are the primary coverage and COBRA is secondary regardless if you have Me...
by Prudence
Sat Feb 20, 2016 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Re: Medicare Part B

I have been in Human Resources for more years than I would like to admit on a public forum, and several of these responses are completely and totally incorrect. First, if you are over 65 and elect COBRA, then Medicare A and B are the primary coverage and COBRA is secondary regardless if you have Me...
by Prudence
Sat Feb 20, 2016 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Re: Medicare Part B

I think the following may be helpful in your situation. When employer/union coverage ends Once your employment (or your employer/union coverage) ends, 3 things happen: You may be able to get COBRA coverage, which continues your health insurance through the employer's plan (in most cases for only 18...
by Prudence
Sat Feb 20, 2016 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Re: Medicare Part B

Sounds like the issue is your employer and not Medicare rules :( Another option is to check with SS to see if you sign up for Part B now while you are still working how long it will take before Part B becomes effective. This might be the work around you are looking for. This seems to be the problem...
by Prudence
Sat Feb 20, 2016 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Re: Medicare Part B

Note that if you do wind up with a gap (because you don't get sick and therefore don't elect COBRA during the 60 day period), you will qualify for a "short coverage gap" exemption to the ACA penalties that would otherwise apply. You will need to file for that exemption on a Form 8965 incl...
by Prudence
Sat Feb 20, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Re: Medicare Part B

Yes, all the above comments are true which may seem crazy. I was in my Rockville MD SS branch office yesterday and spoke directly to the SS employee. He asked me to get a letter from HR with the April 1 termination date. I then went home and called my HR department and they said they would not give ...
by Prudence
Sat Feb 20, 2016 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Re: Medicare Part B

Yes, they have Cobra. I didn't get the 60 day option. That is perfect!
by Prudence
Sat Feb 20, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B
Replies: 36
Views: 2078

Medicare Part B

I am 69 and accepted a voluntary exit package; the termination date is 4/1/2016 (can't be changed). I signed up for Medicare Part A when I was 65. Now I am trying to sign up for Part B so I don't have any break in my health insurance coverage. SS requires me to submit a Request for Employment Inform...
by Prudence
Sat Jan 16, 2016 12:20 pm
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 8027

Re: I'm sitting here watching FOX Business...14200??

Maynard F. Speer wrote:Apologies for more noise ..

But I make it that 14,000 is about where the S&P 500 should be today

Earnings downgrades, overshooting and a buying opportunity, I'd hope to see it hit about 11-12,000


I agree with you. Thanks.
by Prudence
Mon Dec 07, 2015 11:29 am
Forum: Personal Finance (Not Investing)
Topic: SS File and Suspend
Replies: 3
Views: 418

SS File and Suspend

I retire on April 1, 2016 and will be age 70 in December 2016. I planned to start receiving SS in January 2017. Today, I tried to file and suspend using the online website (so my wife can start receiving a spousal benefit in August 2016). I did not see a way to file and suspend online. What did I mi...
by Prudence
Sun Dec 06, 2015 11:35 am
Forum: Investing - Theory, News & General
Topic: Are Equities Overpriced?
Replies: 58
Views: 5389

Re: Are Equities Overpriced?

Yes, as of Friday, equity prices were frothy. So, over the short term, there could be a 50% drop in prices any time for a number of reasons. If you are a long term buy and hold investor with a horizon of 10+ years, you should be ok.
by Prudence
Wed Dec 02, 2015 9:56 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Portfolio
Replies: 197
Views: 66471

Re: Rick Ferri's Portfolio

All things equal, I wonder if Rick will stay at 100% equities into retirement. In other words, when he reaches age 69 and beyond (I turn 69 next week so I am interested)? I would think so.
by Prudence
Wed Nov 18, 2015 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Help for Sister in Law
Replies: 27
Views: 3474

Re: Help for Sister in Law

First, figure out her budget and assets. Your goal should be to find a way so that she breaks even every month while getting her basic needs taken care of and living a frugal lifestyle. No more, no less. It sounds like you're in a very high cost of living area with that rent for 1 bedroom. I take i...
by Prudence
Mon Nov 09, 2015 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Help for Sister in Law
Replies: 27
Views: 3474

Re: Help for Sister in Law

Very helpful. This feedback is giving me reason to hope that we can do something that is manageable. Thank you.
by Prudence
Mon Nov 09, 2015 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Help for Sister in Law
Replies: 27
Views: 3474

Re: Help for Sister in Law

Thank you all for your kind and thoughtful suggestions. There are many ideas that I hadn't thought of. As you recommended, we will first make an appointment with the local social services advisor(s) on elderly, low income, and disability benefits and programs and take it from there.
by Prudence
Sun Nov 08, 2015 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 465
Views: 43435

Re: Changes to Social Security

This is great news. Your reviewing my specific situation really helps because the rules seem so complex and almost contradictory. Thank you Mike.
by Prudence
Sun Nov 08, 2015 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 465
Views: 43435

Re: Changes to Social Security

Me: will be 69 in December; will retire in March and file and suspend until age 70.
Wife: age 64; will file restricted application at FRA (July 2017) and take spousal benefit until age 70.
Still ok under the changes?
Thx,
Jim
by Prudence
Sun Nov 08, 2015 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Help for Sister in Law
Replies: 27
Views: 3474

Help for Sister in Law

My SIL, who is 65, currently rents a 1 BR apt about 15 miles away. Her only income is SS. She has very significant health issues including mental and has not worked in decades. She needs significant financial and other assistance and is about to give up. We are trying to decide on how to help her wi...
by Prudence
Wed Oct 28, 2015 10:32 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit
Replies: 3
Views: 420

SS Survivor Benefit

My SS statement says my spouse will get a survivor benefit, at her FRA, if I die. Typically, will she also be able to receive her own SS annuity in addition?
by Prudence
Fri Sep 11, 2015 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Fed Rate Hike Question
Replies: 29
Views: 2874

Re: Fed Rate Hike Question

Marathon's calculations were showing a loss in both funds. Do you think total bond market fund would have the greater risk (loss) because of the longer average duration?
by Prudence
Fri Sep 11, 2015 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Fed Rate Hike Question
Replies: 29
Views: 2874

Re: Fed Rate Hike Question

This is very helpful. Seems to provide some evidence that, if there is a series of minimum hikes over the next two or three years, an investment in one of these funds will be worth less at the end of that time than before the hikes begin. I understand that there are a million variables that can affe...
by Prudence
Thu Sep 03, 2015 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Fed Rate Hike Question
Replies: 29
Views: 2874

Re: Fed Rate Hike Question

livesoft, don't you mean buy after the price dips after the announcement, then sell a few months later, or, hold until the next expected hike approaches?
by Prudence
Thu Sep 03, 2015 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Fed Rate Hike Question
Replies: 29
Views: 2874

Re: Fed Rate Hike Question

Thanks all.
by Prudence
Thu Sep 03, 2015 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Fed Rate Hike Question
Replies: 29
Views: 2874

Fed Rate Hike Question

If the Fed were to raise the fed funds rate by 0.25%, what would be the estimated effect to the price of a short term bond fund such as VG Admiral ST Treasuries and would the full adjustment happen immediately?
by Prudence
Tue Sep 01, 2015 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security and future COLA increases
Replies: 23
Views: 2438

Re: Social Security and future COLA increases

Biased by recent experience in the US, I use a flat 2% assumption, and fear that may be too high.
by Prudence
Fri Aug 28, 2015 2:41 pm
Forum: Investing - Theory, News & General
Topic: Cash is king over short-term bonds
Replies: 86
Views: 9798

Re: Cash is king over short-term bonds

I am holding cash in banks in order to get a guaranteed interest rate of at least 1 percent. But, on Monday I found out that I could not execute an ETF buy transaction instantaneously (must call Vanguard concierge and get bank approval over phone etc.). I don't like this situation, so I am thinking ...
by Prudence
Tue Aug 25, 2015 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Question
Replies: 1
Views: 308

Vanguard Question

I would like to purchase shares in a VG ETF using cash that is in my on-line savings account at a bank. It appears that I can do this if I purchase shares of a VG mutual fund but not an ETF. Just wondering if anyone has any experience with this.
by Prudence
Fri Jul 31, 2015 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part A
Replies: 1
Views: 232

Medicare Part A

When I turned 65 I signed up for this. I work full time and have medical insurance at work like any other employee. AETNA made Medicare secondary insurer. My doctor prescribed a costly drug for me. The drug manufacturer provides a "cost reduction" card (a subsidy) to eligible persons. The ...
by Prudence
Tue Apr 28, 2015 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits
Replies: 5
Views: 1221

Re: Social Security Benefits

My wife and I have separate earnings records. Does anyone know if the separate benefit of one spouse would be capped or reduced by SSA because of some relationship or combination of the two benefits?
by Prudence
Tue Apr 28, 2015 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits
Replies: 5
Views: 1221

Social Security Benefits

On my SS Statement, under the heading Survivors, it states that total family benefits cannot be more than $4,702 per month. Does this limit apply only to total survivor benefits? Is there a limit on the total per month that my spouse and I can receive in retirement benefits? For example, at age 70, ...
by Prudence
Thu Mar 12, 2015 7:59 am
Forum: Investing - Theory, News & General
Topic: 100% Stocks Long Term Pro/Con
Replies: 51
Views: 4664

Re: 100% Stocks Long Term Pro/Con

Yes..
by Prudence
Sat Feb 21, 2015 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security for a Younger Spouse, Delay to 70 still good
Replies: 19
Views: 2110

Re: Social Security for a Younger Spouse, Delay to 70 still

Bahama man, yes I agree with you. I am 68, wife is 63 and we plan to follow your strategy.
by Prudence
Fri Jan 23, 2015 2:13 pm
Forum: Investing - Theory, News & General
Topic: TIPs, what do they really add
Replies: 33
Views: 3438

Re: TIPs, what do they really add

I am sorry, can someone please refresh me regarding the tax implications, which was a turnoff for me regarding TIPs. Assuming inflation, I recall that the adjusted increase in the principal is subject to federal tax (as ordinary income?). Not sure about state tax (I live in Maryland). If this is som...

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