Search found 143 matches

by LSLover
Fri May 24, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to buy Part D if you are subject to IRMAA?
Replies: 17
Views: 861

Re: Does it make sense to buy Part D if you are subject to IRMAA?

Interesting thread. What if you get a devastating illness and need expensive meds in the middle of a year? Or what if you are hospitalized and given drugs to stabilize you and control pain? Can you sign up for part D in mid year or only during an open enrollment period which I think is Oct 15 - yea...
by LSLover
Fri May 24, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to buy Part D if you are subject to IRMAA?
Replies: 17
Views: 861

Re: Does it make sense to buy Part D if you are subject to IRMAA?

In response to someone the other day asking “what causes a $1M medical bill,” I did some googling, and apparently $80,000 prescription meds are actually a thing. I suspect if you need a $80k prescription med, you’re not going to want to wait until the next open enrollment to get it, since the reall...
by LSLover
Fri May 24, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to buy Part D if you are subject to IRMAA?
Replies: 17
Views: 861

Re: Does it make sense to buy Part D if you are subject to IRMAA?

don't forget that you will be subject to a late enrollment penalty if you do not sign up for Part D after initial enrollment period. And that penalty is for life. (perhaps waived if you switch to a Medicare Advantage plan?) https://www.medicare.gov/drug-coverage-part-d/costs-for-medicare-drug-cover...
by LSLover
Fri May 24, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to buy Part D if you are subject to IRMAA?
Replies: 17
Views: 861

Does it make sense to buy Part D if you are subject to IRMAA?

Those of you who are subject to IRMAA, do you buy Part D?

As there is no additional IRMAA-related penalty for late enrollment in Part D, simple math suggests that buying Part D when a need arises makes more sense. Anyone did an in-depth analysis on that?
by LSLover
Mon May 20, 2019 7:47 am
Forum: Personal Consumer Issues
Topic: Part D Late Enrollment Penalty and IRMAA
Replies: 2
Views: 280

Part D Late Enrollment Penalty and IRMAA

Does anyone know if the late enrollment penalty for Medicare Part D recipients depends on whether you are a subject to IRMAA or not? In other words, would your Part D late enrollment penalty be higher if you are subject to IRMAA (as compared to the Late Enrollment Penalty for standard non-IRMAA Part...
by LSLover
Sun May 12, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: If/When Should I make a trust?
Replies: 27
Views: 2480

Re: If/When Should I make a trust?

I'm wondering when and how people make the decision to set up a trust. "who" should have a trust? "why" should you have a trust. I've searched and found lots of information on types of trusts and reasons for having them. But nothing at this basic "beginners level" Anyone care to take a swing? Almos...
by LSLover
Sat May 04, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 149
Views: 11575

Re: Just Bought an Annuity

OP, I may have missed it, but can you share sites you used to shop for annuities, whether you purchased the annuity online, and whether you had to use an agent to purchase the annuity? Of all the sites I have seen, Blueprint Income seems to have the best user interface and selection of insurers. I'...
by LSLover
Wed Apr 24, 2019 11:12 am
Forum: Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 340
Views: 52341

Re: Vanguard Municipal Money Market VMSXX 1.39%

The TEY of VMSXX just exceed that of VUSXX for me today. I wonder if I should switch the funds I have in VMSXX to ride the crest or not. Last year the crest for me lasted under a month, so it wasn't exactly worth it. Any thoughts? I switched last year for a couple of weeks to ride the crest but it ...
by LSLover
Tue Apr 16, 2019 4:04 pm
Forum: Personal Investments
Topic: Fidelity T Bill Auto-roll,please critique
Replies: 25
Views: 2138

Re: Fidelity T Bill Auto-roll,please critique

Why not go to Merrill Edge and snag $900 bonus with $200k of that amount? With that, if you have Bank of America credit cards, you will get 75% bonus on the rewards. You can buy TIPS or Money Market funds through ME if you are worried about safety of your principal. ME max bonus is $600 and has bee...
by LSLover
Sat Apr 13, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap pricing and Medicare generally
Replies: 21
Views: 1224

Re: Medigap pricing and Medicare generally

2) Medicare says that the best time to buy a Medigap policy is during the 6-month Medigap open enrollment period following your 65th birthday. What happens with medical expenses incurred before signing up - are they covered retroactively? The 6 month signup period starts 3 months BEFORE your 65th b...
by LSLover
Tue Apr 09, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 149
Views: 11575

Re: Just Bought an Annuity

After months of consideration, we pulled the trigger last month and bought an annuity policy from New York Life. We chose: - The premium of $250K because this is the limit the Texas Life & Health Insurance Guaranty Association would cover. - Single Premium Immediate Annuity (SPIA), Joint Life with ...
by LSLover
Tue Mar 26, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Those of You Having Medigap Plan F More than 5 Years
Replies: 40
Views: 2292

Re: Those of You Having Medigap Plan F More than 5 Years

Very few plans are "Community Rated" or "Age Issued". The vast majority of Medigap plans have two reasons they raise their rates each year. The first is that you are older each year, thus more likely to need more medical care than previously. You can't do much about that. The other part is the gene...
by LSLover
Tue Mar 19, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: The lawyers who took on Big Tobacco are aiming at Realtors and their 6% fee
Replies: 34
Views: 3386

The lawyers who took on Big Tobacco are aiming at Realtors and their 6% fee

https://www.marketwatch.com/amp/story/guid/529F9C50-49B0-11E9-ABE5-16C30B035A18 The suit was filed in Chicago on behalf of anyone who sold a home through one of 20 of the largest listing services in the country over the past five years. It charges that the National Association of Realtors, as well a...
by LSLover
Tue Mar 19, 2019 9:52 am
Forum: Investing - Theory, News & General
Topic: Beyond the 4% Rule: How Much Can You Spend in Retirement?
Replies: 47
Views: 3894

Beyond the 4% Rule: How Much Can You Spend in Retirement?

New Schwab publication: https://www.schwab.com/resource-center/insights/content/beyond-4-rule-how-much-can-you-safely-spend-retirement There are some interesting points that have not been actively discussed before, such as the appropriate confidence level for most people (75%-90%); a detailed table ...
by LSLover
Sat Mar 09, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Appeal
Replies: 11
Views: 834

Re: IRMAA Appeal

Unlike Tim's experience, we filed IRMAA appeals a couple weeks after we received the IRMAA supplement notice in Nov 2017. IIRC we heard back within 2-4 weeks, and the appeal was approved before the end of 2017 and our SS deduction for Medicare was amended to remove the IRMAA supplement. We then sub...
by LSLover
Sat Mar 09, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Appeal
Replies: 11
Views: 834

Re: IRMAA Appeal

Unlike Tim's experience, we filed IRMAA appeals a couple weeks after we received the IRMAA supplement notice in Nov 2017. IIRC we heard back within 2-4 weeks, and the appeal was approved before the end of 2017 and our SS deduction for Medicare was amended to remove the IRMAA supplement. We then sub...
by LSLover
Sat Mar 09, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Appeal
Replies: 11
Views: 834

Re: IRMAA Appeal

Two comments. First, since you are MFJ be sure you each submit a ssa-44 form. You can attach a single sheet with supplemental information in support of each appeal, and bundle them in the same envelop. Second, the IRMAA threshold for 2020 is likely to be a bit higher than $170k; likely $173-174k. h...
by LSLover
Sat Mar 09, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Appeal
Replies: 11
Views: 834

IRMAA Appeal

I will be simultaneously retiring and applying for Medicare in early 2020. My MAGI for 2018 exceeds a couple of thresholds for IRMAA and obviously my initial Social Security determination will reflect that, I.e. my Medicare premiums will be surcharged. Upon receipt of the notification from SS in ear...
by LSLover
Thu Mar 07, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare and HSA rules
Replies: 11
Views: 787

Re: Medicare and HSA rules

That seem to contradict the assertion made previously. The assertion made previously was this (by poster jj,bold added by me): We're in the same situation, with one of us going on Medicare later this year, and having a family HSA eligible policy covering spouse plus a grade schooler. Poster jj was ...
by LSLover
Thu Mar 07, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare and HSA rules
Replies: 11
Views: 787

Re: Medicare and HSA rules

We're in the same situation, with one of us going on Medicare later this year, and having a family HSA eligible policy covering spouse plus a grade schooler. My interpretation of the rules would allow your wife to contribute the full family amount to her HSA for 2019 ($7000), plus the $1000 for 55+...
by LSLover
Thu Mar 07, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare and HSA rules
Replies: 11
Views: 787

Re: Medicare and HSA rules

We're in the same situation, with one of us going on Medicare later this year, and having a family HSA eligible policy covering spouse plus a grade schooler. My interpretation of the rules would allow your wife to contribute the full family amount to her HSA for 2019 ($7000), plus the $1000 for 55+...
by LSLover
Sun Mar 03, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Safest way to pay tax due
Replies: 17
Views: 1284

Re: Safest way to pay tax due

Use EFTPS:

https://www.eftps.com/eftps/index.jsp

I have been using it for at least 20 yrs and never had a problem.
by LSLover
Sun Feb 24, 2019 3:31 am
Forum: Personal Consumer Issues
Topic: Buyer's agent in state where rebate is not allowed?
Replies: 20
Views: 1202

Re: Buyer's agent in state where rebate is not allowed?

There's been several similar threads. It seems the buyer thinks one agent, I am going to save money and the agent thinks one agent, I am going to make double. Yeah, maybe if the two parties are close the agent is more likely to kick in some money to make the deal work if there is only one agent. Ar...
by LSLover
Mon Feb 18, 2019 10:47 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 518
Views: 66830

Re: Year 2000 retirees using the '4% rule' - Where are they now?

All of that being said, I do not advocate that anyone employ the '4% rule' as a withdrawal strategy. I believe that there are a number of superior withdrawal strategies. Which superior withdrawal strategies would you be referring to ? Just to add to what Hyperborea already said, there are virtually...
by LSLover
Mon Feb 11, 2019 4:59 pm
Forum: Personal Consumer Issues
Topic: Passport Photos ?
Replies: 85
Views: 3780

Re: Passport Photos ?

Has anyone tried Passport Booth app?
by LSLover
Sun Feb 10, 2019 5:51 pm
Forum: Personal Consumer Issues
Topic: Mint Mobile feedback
Replies: 27
Views: 2259

Re: Mint Mobile feedback

I have tried Mint and really wanted to like it. But had a major (for me) issue with MMS/Group texts. It just did not work. When a group texts were sent by me to others they were not delivered to any of my group recipients. Other than that, it was working fine. I am a pretty advanced gadget guy. Can ...
by LSLover
Mon Feb 04, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 630
Views: 68504

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Has anyone received from Ally the promised 1% already?
by LSLover
Sun Feb 03, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: Standby Generator Battery
Replies: 9
Views: 701

Re: Standby Generator Battery

To those who have experienced issues with the battery, what was the life time for the battery of a standby power generator?
by LSLover
Fri Feb 01, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Divorce
Replies: 17
Views: 2532

Re: Inheritance and Divorce

Is there an established precedent as to how an inheritance (received during marriage) might be treated in case of a divorce? Is it subject to division? ... It is in about 1/4 of the states. Assuming you can trace the assets, it isn't in about 3/4 of the states. That's one reason our clients general...
by LSLover
Thu Jan 31, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Divorce
Replies: 17
Views: 2532

Inheritance and Divorce

Is there an established precedent as to how an inheritance (received during marriage) might be treated in case of a divorce?

Is it subject to division?

If yes, would avoiding a co-mingling of funds prevent such division?

Any input is appreciated.
by LSLover
Thu Jan 31, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Takata Airbag Class Action Settlement
Replies: 39
Views: 4814

Re: Takata Airbag Class Action Settlement

Thesaints wrote:
Thu Jan 31, 2019 11:24 am
LSLover wrote:
Thu Jan 31, 2019 11:10 am
Not sure if I ever filed a claim but received $500 check yesterday.

No repairs were ever made and no documentation submitted.
Could you disclose the car’s brand ?
Honda
by LSLover
Thu Jan 31, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Fed taxes on state refund
Replies: 15
Views: 1383

Re: Fed taxes on state refund

NotWhoYouThink wrote:
Thu Jan 31, 2019 7:46 am
OP, you didn't pay AMT last year did you? Because if you did the refund may not be taxable.
FWIW, I paid AMT last year and yet TurboTax insists on paying Federal tax on the State refund. I think it's a TurboTax's mistake and I overrode it.
by LSLover
Thu Jan 31, 2019 11:10 am
Forum: Personal Consumer Issues
Topic: Takata Airbag Class Action Settlement
Replies: 39
Views: 4814

Re: Takata Airbag Class Action Settlement

Not sure if I ever filed a claim but received $500 check yesterday.

No repairs were ever made and no documentation submitted.
by LSLover
Thu Jan 31, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Setting up Will, do we need trust?
Replies: 50
Views: 3635

Re: Setting up Will, do we need trust?

3. Leave them to the spouse but enter into an agreement with your spouse whereby you each agree to leave the retirement benefits equally between the two sides. Is this agreement a separate document or part/addendum of the Will? An agreement would be a separate document. The existence of this separa...
by LSLover
Thu Jan 31, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Setting up Will, do we need trust?
Replies: 50
Views: 3635

Re: Setting up Will, do we need trust?

bsteiner wrote:
Thu Jan 31, 2019 10:15 am

3. Leave them to the spouse but enter into an agreement with your spouse whereby you each agree to leave the retirement benefits equally between the two sides.
Is this agreement a separate document or part/addendum of the Will?
by LSLover
Wed Jan 30, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Will, do we need trust?
Replies: 50
Views: 3635

Re: Setting up Will, do we need trust?

On another topic, some people have been conflating whether to provide for beneficiaries in trust rather than outright (almost all of our clients do that) with whether to create a trust for one's own benefit (some but not most of our clients do that). When you say for one's own benefit, are you refe...
by LSLover
Wed Jan 30, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Will, do we need trust?
Replies: 50
Views: 3635

Re: Setting up Will, do we need trust?

On another topic, some people have been conflating whether to provide for beneficiaries in trust rather than outright (almost all of our clients do that) with whether to create a trust for one's own benefit (some but not most of our clients do that). When you say for one's own benefit, are you refe...
by LSLover
Sat Jan 26, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Living Trust and Incapacitation AZ
Replies: 10
Views: 729

Re: Living Trust and Incapacitation AZ

bsteiner wrote:
Sat Jan 26, 2019 9:15 pm
You could simply give someone a power of attorney to permit him/her to act for you.
I hear over and over again that a power of attorney is frequently rejected by the banks and other financial institutions. Wouldn’t this fact be a potential issue?
by LSLover
Tue Jan 22, 2019 6:17 pm
Forum: Personal Investments
Topic: HSA reimbursement for Medicare premiums
Replies: 10
Views: 827

Re: HSA reimbursement for Medicare premiums

HueyLD wrote:
Tue Jan 22, 2019 5:58 pm

And forget about itemizing on Schedule A because the AGi floor will likely render it almost worthless.
Can you elaborate on that point?
by LSLover
Fri Jan 11, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 20053

Re: Around 43K in dividends last year - feel good about it ?

Saying that $14K in dividends is terrible is equivocal. If you get that much in dividends on a $1M portfolio, it maybe tax inefficient. However, if you get these dividends on a $10M portfolio that would be suggestive of a very well planned after tax portfolio.

So, as always, it depends...
by LSLover
Sun Jan 06, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody use Vanguard Advantage do you need 1 million to avoid fees?
Replies: 23
Views: 3294

Re: Anybody use Vanguard Advantage do you need 1 million to avoid fees?

I've got VanguardAdvantage and, even though I'm only Voyager Select, they've never charged me the $30. Maybe someday they will, but I get the impression nobody is watching the store over there. Good for holding settlement funds for CC bills, but I'm never sure whether they will let me deposit check...
by LSLover
Sat Jan 05, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody use Vanguard Advantage do you need 1 million to avoid fees?
Replies: 23
Views: 3294

Re: Anybody use Vanguard Advantage do you need 1 million to avoid fees?

I've got VanguardAdvantage and, even though I'm only Voyager Select, they've never charged me the $30. Maybe someday they will, but I get the impression nobody is watching the store over there. Good for holding settlement funds for CC bills, but I'm never sure whether they will let me deposit check...
by LSLover
Fri Dec 14, 2018 1:11 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 1024
Views: 87664

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Has anyone successfully transferred from healthEquity? I had a Fido rep call me yesterday saying they called HealthEquity to get a status on the transfer and they wouldn't tell them anything about the account. I received an account closure request email on November 30, it would seem HealthEquity is...
by LSLover
Thu Oct 25, 2018 8:24 am
Forum: Personal Consumer Issues
Topic: Mint Mobile feedback
Replies: 27
Views: 2259

Re: Mint Mobile feedback

My wife has been with it for a year and found it fine. As a result, I just signed up. I'm a little worried about the 2 GB data limit (on the $15 plan), but we'll see. I'm usually right around 2 - 2.5 GB / month ... Initial experience suggests that what michael wrote above is right: you go to the en...
by LSLover
Wed Oct 24, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Mint Mobile feedback
Replies: 27
Views: 2259

Mint Mobile feedback

Those who have experience with Mint Mobile, do you like the service? How would you compare it to others?
by LSLover
Mon Oct 22, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: Do I need to buy laptop software?
Replies: 32
Views: 2818

Re: Do I need laptop software?

If you use Quicken you need Windows laptop. At least for now...