Search found 814 matches

by Jackson12
Thu Apr 19, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Are you keeping more in cash?
Replies: 31
Views: 4156

Re: Are you keeping more in cash?

Barring extraordinarily high unexpected expenses, we should be able to delay taking SS until at least 70 and - perhaps even beyond if sequence of return risks necessitate. Why would you delay SS past age 70? You're right. We don't intend to delay SS past age 70. I'm not revising my earlier post so ...
by Jackson12
Thu Apr 19, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Are you keeping more in cash?
Replies: 31
Views: 4156

Re: Are you keeping more in cash?

Yes, 3 years worth of living expenses but I'm ambivalent and certainly open to dissenting opinions. Here's the reasoning : 1. We're 3- 5 years away from retirement age. After factoring in pre-tax deductions from paychecks ( for health insurance (partially matched by employer), FSA, retirement saving...
by Jackson12
Tue Apr 17, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Trad, RMDs and working pastt age 70 and 1/2
Replies: 9
Views: 637

Re: TIAA Trad, RMDs and working last age 70

However, if you have any traditional IRA accounts, RMDs are required, starting the year you reach 70.5, whether or not you are still working. Yes, that’s where I had confusion. These are TIAA Traditional and guaranteed return (the guaranteed return based on year the TIAA account was opened and othe...
by Jackson12
Tue Apr 17, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Trad, RMDs and working pastt age 70 and 1/2
Replies: 9
Views: 637

Re: TIAA Trad, RMDs and working last age 70

However, if you have any traditional IRA accounts, RMDs are required, starting the year you reach 70.5, whether or not you are still working. Yes, that’s where I had confusion. These are TIAA Traditional and guaranteed return (the guaranteed return based on year the TIAA account was opened and othe...
by Jackson12
Tue Apr 17, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Trad, RMDs and working pastt age 70 and 1/2
Replies: 9
Views: 637

Re: TIAA Trad, RMDs and working last age 70

The Wizard wrote:
Tue Apr 17, 2018 5:06 pm
True basically, yes.
Thanks.
by Jackson12
Tue Apr 17, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Trad, RMDs and working pastt age 70 and 1/2
Replies: 9
Views: 637

TIAA Trad, RMDs and working pastt age 70 and 1/2

I called TIAA twice today just to double check the info. I was under the impression that once one reached age 70 and 1/2, required minimum distributions from TIAA Traditional had to start, whether employed or not (employed where the TIAA traditional employer-offered plan resides) Each time I called,...
by Jackson12
Mon Apr 16, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: What to do about withdrawal this year if market doesn't go up?
Replies: 32
Views: 2830

Re: What to do about withdrawal this year if market doesn't go up?

Isn't the theory that it doesn't matter what the market does, you just simply take out your 4% per year (or whatever you've decided as your SWR), and that 4% will be a bigger or smaller amount based on what the market did? Typically, when people talk about a safe withdrawal rate strategy, they are ...
by Jackson12
Mon Apr 02, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Ally savings account - accrued interest (total interest) decreased from Jan to now? Why?
Replies: 4
Views: 549

Re: Ally savings account - accrued interest (total interest) decreased from Jan to now? Why?

Oh wait a minute, there is: Interest YTD and Daily Interest Accrued There is no Interest Accrued YTD So which one you mean? I may see the issue. For the starting number. I used the Interest accrued for that statement period only . [/b]. This figure was taken from the statement covering the dates 1/...
by Jackson12
Mon Apr 02, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Ally savings account - accrued interest (total interest) decreased from Jan to now? Why?
Replies: 4
Views: 549

Ally savings account - accrued interest (total interest) decreased from Jan to now? Why?

I just got off the phone with Ally customer service. He could not answer this question. Maybe someone here can. I hope I'm missing something simple. As of February 25,2018, I had $35.72 in accrued interest , year to date. in my Ally savings account ( online) . As of now, the total is $34.42. Again, ...
by Jackson12
Sun Apr 01, 2018 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for costs of planner for setting up special needs trust
Replies: 11
Views: 586

Re: Tax deductions for costs of planner for setting up special needs trust

This may not be deductible against your personal taxes, but might be deductible against the trust's income. If I recall correctly there is no 2% floor on deductible legal expenses on the 1041 trust tax return. Cadreamer is correct. You can deduct the legal expenses from the Trusts income when you f...
by Jackson12
Wed Mar 28, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9010

Re: How Do You Value Your Home for Net Worth Purposes?

We don't include it in net worth at this point ( nearing retirement) If we did include it, we'd go with neighborhood comps for an equivalent home ( similar condition, square footage and age at that point in time . Home prices could be up or they could be down. We've seen that through the years. We l...
by Jackson12
Tue Mar 27, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

Thank you. I called the insurance company we had at the time. They are sending me records. They say the company did not send adequate billing details before we switched to another company (employer choice) . The new insurance company was requested to pay, which was ridiculous, because we weren't wit...
by Jackson12
Tue Mar 27, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

In addition to the update above We also wrote that we wanted : : Documention proving why they think we currently owe the debt , including; 1. The name and address of the original creditor, the account number (full) used by that creditor, and the amount owed to the creditor when transferred. 2. The ...
by Jackson12
Tue Mar 27, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

My mother has received a collection notice for over $2,000 from the same company (Confirmatrix Laboratory). Her urine was tested by her primary care physician in 2016 as part of a well visit. The PCP has since retired. All the info on Confirmatrix is very shady. I feel that this debt should be canc...
by Jackson12
Mon Mar 26, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

In addition to the update above We also wrote that we wanted : : Documention proving why they think we currently owe the debt , including; 1. The name and address of the original creditor, the account number (full) used by that creditor, and the amount owed to the creditor when transferred. 2. The d...
by Jackson12
Mon Mar 26, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

Update: I sent a certified letter with signature required. I received the signed receipt of delivery today. There is a convoluted chain of collectors and actions . The first collector was the original company , Confirmatrix, which went bankrupt and which was investigated for overcharging patients fo...
by Jackson12
Fri Mar 23, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for costs of planner for setting up special needs trust
Replies: 11
Views: 586

Re: Tax deductions for costs of planner for setting up special needs trust

I did find info below about deductibility of costs, including legal costs, once the trust is set up. But even that seems subject to question and determined on a case by case basis. If the answers remain murky, we're not going to try and take a deduction . I do know there can be deductions for finan...
by Jackson12
Fri Mar 23, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for costs of planner for setting up special needs trust
Replies: 11
Views: 586

Re: Tax deductions for costs of planner for setting up special needs trust

I did find info below about deductibility of costs, including legal costs, once the trust is set up. But even that seems subject to question and determined on a case by case basis. If the answers remain murky, we're not going to try and take a deduction . I do know there can be deductions for financ...
by Jackson12
Fri Mar 23, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for costs of planner for setting up special needs trust
Replies: 11
Views: 586

Re: Tax deductions for costs of planner for setting up special needs trust

No. I have not. I will do that. Thanks. Update: I have looked and sesrched for detailed instructions. Still unsure of the answer but discussing these details with our tax preparer. He's been excellent thus far, for many years when it comes to our individual and business taxes, but I think we may nee...
by Jackson12
Fri Mar 23, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for costs of planner for setting up special needs trust
Replies: 11
Views: 586

Tax deductions for costs of planner for setting up special needs trust

I've found some online info but none clearly focused on our specific situation. I'd like to know about tax deductions for the costs of a lawyer who specializes in setting up special needs trusts and who created one for our son ( with us as Trustees) Our situation : 1. Disabled adult son 2. Set up sp...
by Jackson12
Sun Mar 11, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 6965

Re: Another "Should I self-insure" for LTC Question

Let's say the LTC plan covers $300,000 worth of LTC costs. With a dollar for dollar match from a state partnership approved plan, there would be up to $300,000 in additional benefits....$600,000 in total. ...one dollar of additional benefits for every dollar of insurance benefits used. Are you sure...
by Jackson12
Sun Mar 11, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

I checked this book out from my library awhile back. It was a good read, and your situation sounds like a textbook example. https://www.amazon.com/Bad-Paper-Chasing-Street-Underworld/dp/0374108234 Like so many others have said, the author says to ask for proof of your debt, and it gets kicked out t...
by Jackson12
Sun Mar 11, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth Long Term Care
Replies: 23
Views: 3084

Re: Genworth Long Term Care

Thanks for all the replies, and all the useful information on the guaranty associations. I think my current rate (with the current coverage) is locked for several more years accordingly to our group policy. I am trying to decide whether to accept the coverage increase. Right now the benefit amount ...
by Jackson12
Sun Mar 11, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 6965

Re: Another "Should I self-insure" for LTC Question

I see the OP has made some decisions after thinking through the financial and other variables. For those who have been reading along and are considering the pros and cons of long- term health care plans, I'm wondering: How does LTC insurance which meets requirements for state partnership plans come ...
by Jackson12
Sat Mar 10, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

seems like you should have contacted your health insurance provider to see if these were indeed in network. Relying on your doctor was a mistake. Relying on your health insurance provider is also a mistake. There is no iron clad way to tell if a provider is in network. That's my experience too. Cas...
by Jackson12
Sat Mar 10, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

The first thing to do is to send them a certified letter asking for a formal debt validation letter. Here is an explanation of that. https://clark.com/personal-finance-credit/avoid-expensive-mistake-validate-debt-collector/ Be sure to mention the Fair Debt Collection Practices Act in the letter so ...
by Jackson12
Sat Mar 10, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

Regarding the fact that Comfirmatrix is no longer in business - my understanding is that debt collectors can buy the right to collect debts, and so the original billing company might no longer be in the picture whether it exists or not. Not that it makes things seem any less unfair. Yes, accounts c...
by Jackson12
Sat Mar 10, 2018 1:51 am
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 557
Views: 61767

Re: Netflix, Your Current Favorite Show

Babylon Berlin is a German subtitled 16-part series set in 1929 Berlin, a few months before the Wall Street crash and four years before Hitler comes to power. Gritty, but great production values, excellent acting, and superb mysteries with some of the best plotting and writing since Breaking Bad. I...
by Jackson12
Sat Mar 10, 2018 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Genworth Long Term Care
Replies: 23
Views: 3084

Re: Genworth Long Term Care

If.a ltc imsursnce compny goes bust, each state has a guaranty association and the insurance regulator in the company’s home state steps in. . . If the company is liquidated, then the guaranty association coverage would kick in. All states provide at least $300,000 in coverage for long-term-care ins...
by Jackson12
Sat Mar 10, 2018 1:17 am
Forum: Personal Finance (Not Investing)
Topic: Genworth Long Term Care
Replies: 23
Views: 3084

Re: Genworth Long Term Care

I don't understand how these companies can increase the premiums. I got a John Hancock policy 15 years ago through work and the premiums can't go up w/o my permission (to buy extra coverage). And the coverage terms are fixed. I don't think I would have bought the policy if the premiums were open en...
by Jackson12
Sat Mar 10, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

Doctor here. I remember getting this sales pitch ~3 years ago for these urine tests prior to prescribing pain meds. It just seemed really shady so I declined. This is not the first time I have heard this scam went belly up. The company, Comfirmatrix, went bankrupt but someone is trying to get money...
by Jackson12
Fri Mar 09, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

Yes, you need expert advice. And be careful, because my limited experience is that collection agencies are scofflaws and routinely do things they are "not allowed" to do. One of the things that really bothered me during the one time I had a really serious experience with a collection agency, over a...
by Jackson12
Fri Mar 09, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

interesting info https://www.usatoday.com/story/money/personalfinance/2017/04/10/50-things-anyone-dealing-debt-collector-should-know/100094252/ I appreciate everyone's input. Based on the above link, " attorneys specializing in debt collection cases typically offer a free consultation — and many wi...
by Jackson12
Fri Mar 09, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

Re: This is not a typical medical collections issue- what to do?

Too much information. What is on your credit report? Is anything wrong? Our credit report is excellent and it is not the focus of my post. What info do you consider excessive? I'm perfectly willing to edit it. I tried to leave out irrelevant details. A collection agency is trying to get reimburseme...
by Jackson12
Fri Mar 09, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4895

This is not a typical medical collections issue- what to do?

Here's the situation ( please hang in there as you read the details) . I believe it's a very unusual situation. I don't know who to contact or whether we need legal advice.i would greatly appreciate input and suggestions. I am scared our credit rating, which is excellent, could be affected - unfairl...
by Jackson12
Sat Mar 03, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: [Minimizing costs of a medical procedure (Colonoscopy)]
Replies: 87
Views: 6899

Re: [Minimizing costs of a medical procedure (Colonoscopy)]

I always get them without anesthesia. And I'm not particularly stoic or anything. It wasn't close to unbearable. The doctors explained what I was seeing on the film of my colonoscopy and it was actually interesting. They were also very careful and that was reassuring. I didn't want to lose a day to ...
by Jackson12
Fri Feb 02, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 105
Views: 10131

Re: What's your cash position

When BH talking about investing, they all talking about three fund US/Intl/BND. What about cash. Though cash loose purchase value over time due to inflation. Equity and Bond loose value more quickly during bubble burst. In a bear market, the asset which loose the least is the winner. I think one's ...
by Jackson12
Thu Feb 01, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing- double checking Vanguard advice about sellng bonds now
Replies: 2
Views: 483

Re: Rebalancing- double checking Vanguard advice about sellng bonds now

livesoft wrote:
Thu Feb 01, 2018 8:13 am
It makes perfect sense to me if you are overweight in bonds and underweight in equities.
Thanks.
by Jackson12
Thu Feb 01, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing- double checking Vanguard advice about sellng bonds now
Replies: 2
Views: 483

Rebalancing- double checking Vanguard advice about sellng bonds now

I have a desired asset allocation for my stock and bond index funds in my entire portfolio. All my stocks portion is currently in Vanguard stock index funds. I have too much in bond funds and cash in my portfolio and not enough in stocks...for complicated reasons. If I follow the guideline of stayin...
by Jackson12
Fri Jan 26, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 193
Views: 28980

Re: How to Minimize Your Emergency Care Expenses

THank you so much for taking the time to write these details.Printing it out plus copies. Handing some to friends. I think it also helps to run the numbers and not automatically assume that a high deductible plan, even with lower premiums, is best. As a general rule ? Maybe. But....what's your take?...
by Jackson12
Fri Jan 26, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!
Replies: 13
Views: 1240

Re: In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!

Good luck with the new claim. Hopefully it will be unchanged for you. FYI, insurance preauthorizations are worthless. At the bottom of every preauth is the phrase "preauthorization of benefits is not a guarantee of payment." Which means they reserve the right to change their minds later. It's simpl...
by Jackson12
Fri Jan 26, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!
Replies: 13
Views: 1240

Re: In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!

You want recourse for what? I don't understand what you think is wrong. Exactly. This is probably an appeal, not a duplicate. Don't you want your claims to be adjudicated correctly? Don't you want your provider and his office staff to get paid correctly? Or is it OK if they get shorted as long as y...
by Jackson12
Fri Jan 26, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!
Replies: 13
Views: 1240

Re: In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!

Why don't you wait until the reprocessing is done before getting upset. You might still owe zero. I had trouble getting online due to an outage and am just now responding after my recent initial post. One reason for my concern is that I was on the phone with an insurance rep for 3 hours before post...
by Jackson12
Thu Jan 25, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!
Replies: 13
Views: 1240

In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!

Here's the situation : In August, a medical provider submitted a large bill to our insurance company, over $10k. In November we received both an explanation of benefits as well as verification at the insurance company's website that we owed nothing. Big sigh of relief. At the insurance company's web...
by Jackson12
Fri Jan 19, 2018 12:37 am
Forum: Personal Finance (Not Investing)
Topic: 1,000th post and a 'No-Fail' Retirement Formula
Replies: 54
Views: 5686

Re: 1,000th post and a 'No-Fail' Retirement Formula

Say we need 108,000 a year in retirement before taxes. Of that a total of $33,000 a year would come from a small pension and social security, both to be started at age 70. We are age 65. How much do we need to have in our portfolio ( how much saved ) to retire at age 70 and what would be the assumed...
by Jackson12
Mon Jan 15, 2018 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal bonds, pension funds...time to get out of munis and into bonds, stocks?
Replies: 6
Views: 950

Re: Municipal bonds, pension funds...time to get out of munis and into bonds, stocks?

First, I would look at the ratings on your munis. If AAA or even AA, and maturing within 2-3 years, I would not worry. If they are rated lower than AA or maybe A, I'd take a closer look. The pension issues are well known, and should be factored into the ratings. It takes some time for munis to get ...
by Jackson12
Mon Jan 15, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal bonds, pension funds...time to get out of munis and into bonds, stocks?
Replies: 6
Views: 950

Municipal bonds, pension funds...time to get out of munis and into bonds, stocks?

Please be kind. I'm still researching this and would appreciate any suggested resources and input. . I read about how " “Municipal and state plans are a pension tsunami that’s coming and how, In many states, those defined benefit plans are seriously underfunded — and at the end of the day, math trum...
by Jackson12
Tue Jan 09, 2018 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: A newb question about using Fin planner
Replies: 43
Views: 1717

Re: A newb question about using Fin planner

We interviewed 3 "fee only" planners and went with one lauded on this board. Of the 3 , he was the only one who met our expectations for a fee only planner. There are good ones out there but hard to find..in my experience, very hard to find. Our expectations were: 1. A planner with a solid and excel...
by Jackson12
Thu Dec 28, 2017 11:46 pm
Forum: Personal Consumer Issues
Topic: Any Instant Pot users here?
Replies: 102
Views: 11547

Re: Any Instant Pot users here?

I don't disagree that these appliances are good for cooking a few things - dry beans, rice, etc. I agree with baconavocado I purchased one about a year ago & played around with it for a few weeks. I found that advertised recipe cooking time generally did not include the time to pressure up and down...