Search found 878 matches

by Jackson12
Sat Aug 04, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Anyone else experiencing weird glitches with Vanguard phone system and on balance holdings page,
Replies: 0
Views: 132

Anyone else experiencing weird glitches with Vanguard phone system and on balance holdings page,

This is the situation : As I periodically do, I checked my Vanguard funds balances. Because I have the option of manually adding Outside holdings (cash, equities, employer retire,ent account holdings etc), I have done so. Vanguard, of,course, does not manage these assets because they’re not held at ...
by Jackson12
Thu Aug 02, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Health and cognitive issues at age 80 and beyond...and managing finances
Replies: 17
Views: 2137

Re: Health and cognitive issues at age 80 and beyond...and managing finances

That is disappointing. It still seems to be rare. Did the bank eventually agree to refund the fees or did it take a court order? They returned a potion. Most of it. We settled to avoid higher legal costs. Then we paid the attorney who was both extremely competent and sympathetic and so he charged r...
by Jackson12
Thu Aug 02, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Health and cognitive issues at age 80 and beyond...and managing finances
Replies: 17
Views: 2137

Re: Health and cognitive issues at age 80 and beyond...and managing finances

Gill » Wed Aug 01, 2018 5:56 pm ralph124cf wrote: ↑Wed Aug 01, 2018 5:21 pm I understand that bank trust departments are not great, but they may be the only game in town. Ralph Sad to hear such a comment after spending my entire career managing the financial lives and many related personal matters ...
by Jackson12
Wed Aug 01, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Medicare supplemental, etc.
Replies: 24
Views: 1419

Re: Medicare supplemental, etc.

We are new to the medicare game. Wife approaching 65 in next 6 months. Any recommendations on supplemental insurance? Anything we need to be careful about before choosing? We are in good financial shape and haveno major medical issues at this time if that helps you. Thanks for the input. Can we ass...
by Jackson12
Wed Aug 01, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Health and cognitive issues at age 80 and beyond...and managing finances
Replies: 17
Views: 2137

Re: Health and cognitive issues at age 80 and beyond...and managing finances

A couple of quick notes for you on what works for us for my parents. We are 59, they are 85. For example, if he were to tell me to sell everything and invest all in gold or some real estate venture, I could choose to talk him out of it or if he were in such a poor mental state that talking would do...
by Jackson12
Wed Aug 01, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Consistently over budget on food - what are you guys eating?
Replies: 70
Views: 5680

Re: Consistently over budget on food - what are you guys eating?

The wife and I have a $700 budget for food, however every month we seem to come to that limit or even over it. On some of the threads here I am seeing families having a food budget lower than us and I'm trying to understand what my wife and I are doing wrong as $700 seems high to me, but we continu...
by Jackson12
Wed Aug 01, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Health and cognitive issues at age 80 and beyond...and managing finances
Replies: 17
Views: 2137

Health and cognitive issues at age 80 and beyond...and managing finances

I hope this post pertains to this board and is acceptable. If not, simply remove. This is not an post aimed at medical diagnosis or advice. While I know “ averages” don’t address individual health and cognitive history, i’ve been reading about the “typical” cognitive and health issues of those age 8...
by Jackson12
Mon Jul 23, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Insurance: How to buy it?
Replies: 20
Views: 1124

Re: LTC Insurance: How to buy it?

As I look at the future, LTC is the one thing that can bury us. One of my buddies is taking care of his dad, and right now they had to put him in a LTC facility, paying $7K per month. They are worried about blowing through all his assets, his mom is still alive and healthy - they are jumping throug...
by Jackson12
Mon Jul 23, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: LTC Insurance: How to buy it?
Replies: 20
Views: 1124

Re: LTC Insurance: How to buy it?

As I look at the future, LTC is the one thing that can bury us. One of my buddies is taking care of his dad, and right now they had to put him in a LTC facility, paying $7K per month. They are worried about blowing through all his assets, his mom is still alive and healthy - they are jumping throug...
by Jackson12
Thu Jul 19, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement plans, 3 day rule, and coverage of Skilled Nursing facilities
Replies: 15
Views: 780

Re: Medicare Supplement plans, 3 day rule, and coverage of Skilled Nursing facilities

Apparently there may be financial motivation to classify patients as observation status rether than inpatients. “in the past six years, the use of observation status has roughly doubled. And according to a government study, last year more than 600,000 Medicare patients were in the hospital for at le...
by Jackson12
Thu Jul 19, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 6815

Re: Families - What's your total annual credit card spen

So I gather you guys are doing this for the rewards? Do you pay the balance in full each month? Yes and Yes. I can't even remember a time that I've paid any interest on a credit card. Rewards, consumer protection, warranties, car rental insurance, trip insurance protection, are all benefits to usin...
by Jackson12
Thu Jul 19, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement plans, 3 day rule, and coverage of Skilled Nursing facilities
Replies: 15
Views: 780

Re: Medicare Supplement plans, 3 day rule, and coverage of Skilled Nursing facilities

As I understand it, you pretty much have to ask hospital staff whether you're an inpatient or not. I've read somewhere that you ought to demand to be admitted as an inpatient, although I don't know how that would go over. I believe there are financial incentives for the hospital NOT to admit you as...
by Jackson12
Thu Jul 19, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement plans, 3 day rule, and coverage of Skilled Nursing facilities
Replies: 15
Views: 780

Re: Medicare Supplement plans, 3 day rule, and coverage of Skilled Nursing facilities

dcb wrote:
Thu Jul 19, 2018 10:13 am
Just to clarify. Unless the rule has changed recently, the 3-day rule is not three full days but must include three midnights.
Thank you. That’s an important distinction.
by Jackson12
Thu Jul 19, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement plans, 3 day rule, and coverage of Skilled Nursing facilities
Replies: 15
Views: 780

Re: Medicare Supplement plans, 3 day rule, and coverage of Skilled Nursing facilities

Some Accountable Care Organizations were given an exemption from the 3-day rule for certain patients, maybe your friend is one of them. After seeing your reply I did a search and found this link, updated recently. It seems related : https://www.cms.gov/Medicare/Medicare-Fee-for-Service-Payment/shar...
by Jackson12
Thu Jul 19, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement plans, 3 day rule, and coverage of Skilled Nursing facilities
Replies: 15
Views: 780

Medicare Supplement plans, 3 day rule, and coverage of Skilled Nursing facilities

We have been researching Medicare supplemental plans. A friend who is already enrolled in a Medicare supplement plan insisrs that her plan precludes the standard Medicare requirement to “be in a hospital for at least 3 days ( fully admitted, not just under observation ) before entering a Medicare ap...
by Jackson12
Sat Jun 09, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Retirement, allocation, & Fear
Replies: 15
Views: 1851

Re: Retirement, allocation, & Fear

I do have some personal experience with 403b plans which offer TIAA Traditional. It is similar to a bond fund in some ways and has a guaranteed interest rate. TIAA traditional accounts are guaranteed against a loss of principal. The specific guaranteed interest rate depends on when the contract was ...
by Jackson12
Tue Jun 05, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Need motivation - how much did you lower expenses by downsizing ( if you did)
Replies: 11
Views: 1683

Re: Need motivation - how much did you lower expenses by downsizing ( if you did)

I've been downsizing and simplifying since the day I retired and the feeling of emancipation is amazing. The actual move takes place soon and that's when the real adventure begins. Can't wait. Thanks to everyone who replied so far. We’re already going through our possessions and paring down. So muc...
by Jackson12
Tue Jun 05, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 52476

Re: How much money do you want to retire?

3 million plus, mostly due to a special needs kid who’ll always need a special needs trust plus SSDI. Extra funds for the sibling who will need to watch over him.

Goal is 3 million and we still worry it’s not enough to support the 3 of us.
by Jackson12
Tue Jun 05, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Need motivation - how much did you lower expenses by downsizing ( if you did)
Replies: 11
Views: 1683

Need motivation - how much did you lower expenses by downsizing ( if you did)

Please be kind. Even if the answer seems obvious it’s surprisingly hard for us, 2 people who usually make reasonable financial decisions. We’re near retirement and very torn about downsizing. We have been frugal, live within our means and have no debt. Our house is where our logic, emotion, and perh...
by Jackson12
Tue May 29, 2018 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 52
Views: 8311

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

Thank you for the quick response. I’ll definitely follow your advice and request the debt verification. I’ll also submit a complaint to my state’s consumer protection agency since this is clearly a scam by Confirmatrix and/or the collections agency. The funny thing is, the debt collector even admit...
by Jackson12
Thu May 24, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 8213

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

There have been some discussions about long term care expenses on the forum, and I've found these to be very valuable. I just attended a session presented at the Banner Alzheimer's Research Institute in Phoenix that shed some additional light and concerns that I thought I'd like to share. The Banne...
by Jackson12
Wed May 23, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 52
Views: 8311

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

Hello, I was hoping you could provide an update on your situation. I was recently contacted by a collections agency for the same exact problem - a supposed unpaid debt from Confirmatrix from 3 years ago. My doctors office is providing no assistance. The collections agency trying to charge me over $...
by Jackson12
Sun May 20, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12874

Re: Helping Adult Children (but not too much)

Our daughter graduates college this weekend. She's debt free, owns her 3 year-old car outright, has about $3K in a Roth-IRA plus another $1K in savings and an "okay" (money-wise) job lined up. So she off to a decent start. Until now we've subsidized her through car insurance, mobile phone, grocerie...
by Jackson12
Fri May 18, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Even though opinions differ in safe withdrawal rate would appreciate feedback with this allocation
Replies: 8
Views: 893

Re: Even though opinions differ in safe withdrawal rate would appreciate feedback with this allocation

hard to answer not knowing what they want in withdrawals each year ? --is the 4% the amount they need ? ages ? Healthcare ? If $120K/year is more than they need and they are older than 60 --they should be fine. Add in the $36K in SS at 70, will help. (Note: $36K SS a year seems low for someone that...
by Jackson12
Fri May 18, 2018 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Even though opinions differ in safe withdrawal rate would appreciate feedback with this allocation
Replies: 8
Views: 893

Even though opinions differ in safe withdrawal rate would appreciate feedback with this allocation

This post is due to a friends truly asking for input. I’ve been clear that my response will be just that, certainly no expert opinion. They are concerned about whether they could safely use a 3 or 4 percentage withdrawal rate, especially since they’re older and don’t need their assets to last as lon...
by Jackson12
Tue May 15, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 52
Views: 8311

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

Hi I was wondering if you figured out a solution to this issue. I am currently in the same situation with a possible 2000$ affecting my credit. I tried calling the collector and they just want me to pay it. I was hoping you could give me some guidance. Thanks! Is the debt a valid one? If not, you h...
by Jackson12
Fri May 11, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: RMDS, Taxes, Social Security timing
Replies: 16
Views: 1858

Re: RMDS, Taxes, Social Security timing

I think I need to review the variables in light of SSDI options for our child. You’ve clearly researched this in more depth than I have at this point. If you found any resources that helped along the way, we’d appreciate the info. This document was helpful for me to understand the SS rules that det...
by Jackson12
Fri May 11, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: RMDS, Taxes, Social Security timing
Replies: 16
Views: 1858

Re: RMDS, Taxes, Social Security timing

Your response provides food for thought because your situation resembles ours in several ways: 1. We also have a disabled child (technically of adult age but with cognitive and physical impairments). 2. My benefit will be very low due to spending so many years caring for him. 3. Our birth dates mak...
by Jackson12
Fri May 11, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Please Advise on My/My Spouse’s Social Security Claiming Strategy
Replies: 10
Views: 1352

Re: Please Advise on My/My Spouse’s Social Security Claiming Strategy

I'm not an expert in this area, but I would consider whether your wife would automatically be enrolled in medicare when she started SS. That would presumably limit your HSA deduction to the individual limit (roughly half). I suspect it still makes the most sense for her to claim at FRA, even if the...
by Jackson12
Fri May 11, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Please Advise on My/My Spouse’s Social Security Claiming Strategy
Replies: 10
Views: 1352

Re: Please Advise on My/My Spouse’s Social Security Claiming Strategy

As you note, due to your birthdates, the rules regarding deemed filing do not apply to you. My spouse and I are in that same group of people. I believe you can do this: 1) Your wife can file for retirement benefits. 2. You use a restricted application and file for your retirement benefit when you re...
by Jackson12
Fri May 11, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: RMDS, Taxes, Social Security timing
Replies: 16
Views: 1858

Re: RMDS, Taxes, Social Security timing

Thanks for all the information. Deferring social security seems to be our best choice. The input from everyone has been very helpful and provided plenty to mull over. I also spoke with a tax advisor friend today who took a look at our projected assets and expenses - now and in retirement- and also ...
by Jackson12
Thu May 10, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: RMDS, Taxes, Social Security timing
Replies: 16
Views: 1858

Re: RMDS, Taxes, Social Security timing

Thanks for all the information. Deferring social security seems to be our best choice. The input from everyone has been very helpful and provided plenty to mull over. I also spoke with a tax advisor friend today who took a look at our projected assets and expenses - now and in retirement- and also f...
by Jackson12
Thu May 10, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: RMDS, Taxes, Social Security timing
Replies: 16
Views: 1858

RMDS, Taxes, Social Security timing

I get confused when trying to factor in taxes and required minimum distributions (RMDS), and wondering if deferring social security beyond age 66 is the best option for us. Is there an online analyzer program that integrates those into social security filing options? My spouse’s retirement plan has ...
by Jackson12
Sun May 06, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 45
Views: 3703

Re: Long term care insurance

There is still more information needed. You’ve given your ages and described your health habits and noted you have $1.1 million dollars in assets. Are you including your home in your assets? snip 1.1M is in retirement accounts. We own our home (well almost, still owe $50k on it). No other debts. We...
by Jackson12
Sun May 06, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Where to park $200k portion of portfolio when needed to be used as noted below
Replies: 17
Views: 1896

Re: Where to park $200k portion of portfolio when needed to be used as noted below

And I see that Synchrony is offering 2.35 % for 14 months . Is that typical? https://www.synchronybank.com/banking/cd/?utm_source=Bankrate&utm_medium=Rate%20Table&utm_campaign=CD&utm_content=CB_RT_T_BR_CD_O&?sitecode=CB_RT_T_BR_CD_O I'm sure someone will point out that unless some new source of inc...
by Jackson12
Sun May 06, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 9375

Re: Does it make sense to rent as a retiree?

An acquaintance rented a home to a couple for 20 years. Easy tenants, treated the home with care, reliable income for their landlord. Then when the acquaintance grew older and the children left home and retirement loomed, they decided that the rental home was ideal for the next stage of life. Out we...
by Jackson12
Sun May 06, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 45
Views: 3703

Re: Long term care insurance

A good broker can get an informal offer from many companies. We have a questionnaire that we have completed and then send it to 5 or 6 companies and have a tentative offer in a few days. Care to share the name of that broker? To answer other questions, we have about $1.1M. I'd like to leave money t...
by Jackson12
Sat May 05, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 45
Views: 3703

Re: Long term care insurance

I'm trying to wrap my brain, and budget, around this. It is expensive, and more troubling the premiums might go up when we get closer to maybe needing it. I'm 60. Smoke and drink. Wife is 66, already had one stroke and now has a pace maker. It appears that makes long term care insurance more expens...
by Jackson12
Sat May 05, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park $200k portion of portfolio when needed to be used as noted below
Replies: 17
Views: 1896

Re: Where to park $200k portion of portfolio when needed to be used as noted below

Thanks for all the replies. It’s helped me see possible options instead of letting the money languish in a negligible interest account.
by Jackson12
Fri May 04, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park $200k portion of portfolio when needed to be used as noted below
Replies: 17
Views: 1896

Re: Where to park $200k portion of portfolio when needed to be used as noted below

For most or all of the 30 months that it will take to burn through the 200k at your current draw rate, you may actually do better right now with treasuries than with CDs if state income is nontrivial in your bracket (ok very low payroll earnings because of the pre-tax contributions/withholdings, bu...
by Jackson12
Fri May 04, 2018 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park $200k portion of portfolio when needed to be used as noted below
Replies: 17
Views: 1896

Re: Where to park $200k portion of portfolio when needed to be used as noted below

For most or all of the 30 months that it will take to burn through the 200k at your current draw rate, you may actually do better right now with treasuries than with CDs if state income is nontrivial in your bracket (ok very low payroll earnings because of the pre-tax contributions/withholdings, bu...
by Jackson12
Fri May 04, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park $200k portion of portfolio when needed to be used as noted below
Replies: 17
Views: 1896

Where to park $200k portion of portfolio when needed to be used as noted below

We have had a windfall of $200k . The majority of our portfolio was in equity and bond funds, per Boglehead recommendations for a basic 3-4 fund portfolio. 40% is equity funds, 60% in bonds. My spouse is not yet retired. We currently take a monthly draw of $6500 from our portfolio (which is no more ...
by Jackson12
Fri May 04, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4492

Re: How much should I save or would be available for health care in retirement?

I understand that Medicare has premiums and right now don't have a lot of health issues. I assume I can rely on Medicare, but probably not. ...... I am sure medicare will be around for a long time, but the cost will continue to be based on income. Lower income = lower cost, higher income = be prepa...
by Jackson12
Thu May 03, 2018 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4492

Re: How much should I save or would be available for health care in retirement?

Medicare has a monthly premium. It also has a deductible about $150-$180/year. With traditional Medicare, you also have a 20% copay for almost all covered services (some fully covered services like Flu Vaccines, preventive screenings, etc.). Medicare seems to not cover medications in the hospital w...
by Jackson12
Tue May 01, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another person wondering: keep long-term care insurance or not?
Replies: 29
Views: 2424

Re: Yet another person wondering: keep long-term care insurance or not?

WoW2012 wrote:
Tue May 01, 2018 8:11 pm
Correct me if I'm wrong, but I'm pretty sure you own the John Hancock "Leading Edge" policy. When I look on the CT website there is no pending rate increase for that policy series.
I don’t own a Leading Edge policy.
by Jackson12
Tue May 01, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another person wondering: keep long-term care insurance or not?
Replies: 29
Views: 2424

Re: Yet another person wondering: keep long-term care insurance or not?

While double checking our policies, I took,a moment to go to our state’s Department of Insurance website and check the history of rate requests and approvals for our specific group of policyholders using the long- term care insurance company information for our state There is a pending request for a...
by Jackson12
Tue May 01, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another person wondering: keep long-term care insurance or not?
Replies: 29
Views: 2424

Re: Yet another person wondering: keep long-term care insurance or not?

Don't underestimate the cost for home care. My brother had a stroke last year and is receiving home care at a cost of about 12,000 per month. Thankfully his LTC insurance covers about 10,000 of the cost. Thanks for the reminder about home care as well as your personal experience with LTC. Insurance...
by Jackson12
Tue May 01, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another person wondering: keep long-term care insurance or not?
Replies: 29
Views: 2424

Re: Yet another person wondering: keep long-term care insurance or not?

One advisor did suggest we consider dropping one policy so our budget wouldn't be so tight but that comes down to the question : which policy? Wow - unless you really cannot afford the policies that sounds like terrible advice! How strained is your budget? And if the budget is that tight, you likel...
by Jackson12
Mon Apr 30, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another person wondering: keep long-term care insurance or not?
Replies: 29
Views: 2424

Re: Yet another person wondering: keep long-term care insurance or not?

I did want to note that the benefit period is limited to 4 years. But at the current nursing home cost here, we'd use our coverage limits in around before 3 to 3 and 1/2 years- and then have the asset protection. I just noticed there is what is called an " additional stay at home lifetime benefit am...