Search found 5187 matches

by Stinky
Sat Sep 19, 2020 2:00 pm
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 61
Views: 2690

Re: Is Costco worth the $120 membership?

We use Costco Travel for booking car rentals. We pay for our membership with the savings on car rentals. Earlier this year before COVID, we took a cruise booked through Costco. It was the same price as the cheapest we could find for that itinerary on line, plus Costco sent us a $500 gift card. Final...
by Stinky
Fri Sep 18, 2020 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Confused About Life Insurance Policy in My Name
Replies: 8
Views: 823

Re: Confused About Life Insurance Policy in My Name

It is my understanding that a POA expires when the person granting it passes away. So your uncle (?) shouldn’t have been able to use the POA to do anything with the policy. I agree with getting in touch with the insurance company. They might talk to you as the insured. But they should talk to your m...
by Stinky
Fri Sep 18, 2020 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Medical Report (MBB): Should I Apply for a New Policy and Risk Blacklisting?
Replies: 8
Views: 534

Re: Insurance Medical Report (MBB): Should I Apply for a New Policy and Risk Blacklisting?

Can always change doctors and pharmacy so that records are clean. I’d be cautious about intentionally misrepresenting your medical history when applying for insurance of any type. If the application asks for, as an example, “all doctors you’ve seen in the past five years”, and you disclose only you...
by Stinky
Fri Sep 18, 2020 5:30 pm
Forum: Personal Investments
Topic: Guidance for breaking the news to our financial advisor
Replies: 36
Views: 2451

Re: Guidance for breaking the news to our financial advisor

He's been well-compensated for the past 15 years for taking care of your account. You should feel no shame in leaving him. As others have suggested, download everything, start the transfer, then drop him a note or call him. No need to have an annual meeting. Congratulations on taking control of your...
by Stinky
Fri Sep 18, 2020 5:25 pm
Forum: Personal Consumer Issues
Topic: Received used laptop from Costco web site
Replies: 8
Views: 1065

Re: Received used laptop from Costco web site

I'd return to the store, if there is one close by. Then you can complain to the person at the desk if you'd like. It will be more efficient than the one-hour phone wait, then boxing it up, shipping, etc. Just watch to make sure that your return window doesn't close on you. 90 days for electronics I ...
by Stinky
Fri Sep 18, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 7
Views: 416

Re: Life Insurance

Thank you, I will check out zander.com. When I do general searches for quotes, I get "policygenius.com" come up a lot, do you know if this is a trusted site? As your saying, $45/mn, that is about what I thought it would cost. Thanks. policygenius is a good site. As is term4sale and Zander. You’ll f...
by Stinky
Fri Sep 18, 2020 2:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20070
Views: 2745078

Re: U.S. stocks in free fall

Let’s hope that we can avoid a melt down in the last hour of trading.
by Stinky
Fri Sep 18, 2020 11:57 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20070
Views: 2745078

Re: U.S. stocks in free fall

lostdog wrote: Fri Sep 18, 2020 11:52 am Waiting for Forester to chime in.
[somber, funereal music in the background]
by Stinky
Fri Sep 18, 2020 10:05 am
Forum: Personal Investments
Topic: Attending CU Annual Meeting - Suggestions/What To Expect
Replies: 15
Views: 1349

Re: Attending CU Annual Meeting - Suggestions/What To Expect

Your report is not at all surprising. In my experience, annual meetings like this are not for deep dives into “how did we do”. I imagine that your experience is typical. Hopefully management is capable and competent enough to make the needed changes. (If not, there’s always the NCUA insurance. :twis...
by Stinky
Fri Sep 18, 2020 9:20 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 696999

Re: U.S. stocks continue to soar!

Futures are up modestly this morning. After the last few days, I’ll call that soaring. S&P and Nasdaq are up at the open. The “soaring” thread is officially open for business! :moneybag Looks like they had a midflight collision. Stocks up again. Maybe Captain Sully landed BOTH planes successfully o...
by Stinky
Fri Sep 18, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 7
Views: 416

Re: Life Insurance

Looking for some advice concerning Life Insurance for my wife. This is something I probably should have addressed years ago, but didn't. Anyway, to give a brief description of our situation. We are both 58, I only have a small 15k policy for her, which will be fine for funeral expenses. Right now, ...
by Stinky
Fri Sep 18, 2020 8:37 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 696999

Re: U.S. stocks continue to soar!

Stinky wrote: Fri Sep 18, 2020 6:28 am Futures are up modestly this morning.

After the last few days, I’ll call that soaring.
S&P and Nasdaq are up at the open.

The “soaring” thread is officially open for business! :moneybag
by Stinky
Fri Sep 18, 2020 6:28 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 696999

Re: U.S. stocks continue to soar!

Futures are up modestly this morning.

After the last few days, I’ll call that soaring.
by Stinky
Fri Sep 18, 2020 4:38 am
Forum: Personal Investments
Topic: Unwinding professional investment management
Replies: 9
Views: 887

Re: Unwinding professional investment management

I am retired and considering unwinding a relationship with a professional investment advisor and re-assuming responsibility for management. I’m curious whether anyone can offer advice on how best to do this. Welcome to the Forum! It's great to hear that you want to "re-assume" responsibility for ma...
by Stinky
Fri Sep 18, 2020 4:31 am
Forum: Personal Investments
Topic: Decision time...to lump sum or not to lump sum
Replies: 24
Views: 2109

Re: Decision time...to lump sum or not to lump sum

I'm with the majority on this one. Since it sounds like your wife will have a pension (you said she can't lump sum), and since you'll get Social Security, and since you've accumulated a pretty good sized nest egg, I'd feel comfortable taking the lump sum from your pension plan. Roll it into an IRA, ...
by Stinky
Fri Sep 18, 2020 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Confused About Life Insurance Policy in My Name
Replies: 8
Views: 823

Re: Confused About Life Insurance Policy in My Name

Thanks, good point. So looking at these aging and smelly documents, it appears that my grandmother was the primary owner and beneficiary and my mother is listed as contingent owner and beneficiary. Since my grandma is dead, does that mean if I die that my mother gets the money? Another thing is tha...
by Stinky
Fri Sep 18, 2020 4:09 am
Forum: Personal Investments
Topic: MYGA vs CD - what would you choose?
Replies: 10
Views: 1258

Re: Is the premium worth the risk?

Thanks for the feedback. I am over 59.5 now, so there's no penalty to worry about. Here's a link with some financial info about the Insurance Company in question. I'm not quite sure how to get the bond info that JoMoney asked about. Perhaps the link will help (and I'm hoping you can interpret it fo...
by Stinky
Thu Sep 17, 2020 10:02 pm
Forum: Personal Investments
Topic: MYGA vs CD - what would you choose?
Replies: 10
Views: 1258

Re: Is the premium worth the risk?

As interest rates plummet...I'm beginning to take a look at alternatives. I'm struggling to choose between a 5-year CD (1.3%) and a 5 year MYGA (multi-year guaranteed annuity.) The MYGA is with an A+ rated insurance company and will pay 2.5%. The CD is NCUA insured; the annuity is guaranteed by the...
by Stinky
Thu Sep 17, 2020 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: New York Life - Invest as Favor for Friend
Replies: 35
Views: 1477

Re: New York Life - Invest as Favor for Friend

NY Life does offer fixed term annuities and $5,000 is the minimum purchase. The shortest term is 3 years and the longest is 7 years. Current rate is 0.65%. These are relatively benign investments, basically like a CD as long as you don’t get sucked into a complex optional rider. It’ll be a learning...
by Stinky
Thu Sep 17, 2020 6:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20070
Views: 2745078

Re: U.S. stocks in free fall

20,000 replies to this ancient post. Time to lock yet? Not to mention, nothing much in this thread is actionable. This thread is very educational. Go back and see the Foresters of the past. Declaring, with certainty, that the market is about to crash hard and take years to recover... And then the m...
by Stinky
Thu Sep 17, 2020 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: New York Life - Invest as Favor for Friend
Replies: 35
Views: 1477

Re: New York Life - Invest as Favor for Friend

Thanks, all, for your insights. It's a tough situation, and I worry about being 'in for a penny, in for a pound.' I was hoping there might be something analogous to a 2-year CD that I could purchase, hold, and collect in 2 years (and hope he finds a better gig in the interim). But I'm sure the fees...
by Stinky
Thu Sep 17, 2020 3:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20070
Views: 2745078

Re: U.S. stocks in free fall

20,000 replies to this ancient post. Time to lock yet? Not to mention, nothing much in this thread is actionable. This thread is very educational. Go back and see the Foresters of the past. Declaring, with certainty, that the market is about to crash hard and take years to recover... And then the m...
by Stinky
Thu Sep 17, 2020 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for mother-in-law
Replies: 20
Views: 1736

Re: Advice for mother-in-law

Thanks all. Definitely not a great situation but appreciate the feedback and advice. On the annuity, my thought in considering this as an option is that longevity insurance is actually the risk I want to protect against. She has enough saved to outlast her money if she only lives 5 years. It's outl...
by Stinky
Thu Sep 17, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: New York Life - Invest as Favor for Friend
Replies: 35
Views: 1477

Re: New York Life - Invest as Favor for Friend

Good afternoon all, An acquaintance recently started at New York Life as an insurance salesman. I'd like to help him out (his family has been a great help to me professionally and personally) although investing outside Vanguard (or investing in something other than a passive index fund) goes agains...
by Stinky
Thu Sep 17, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20070
Views: 2745078

Re: U.S. stocks in free fall

gwe67 wrote: Thu Sep 17, 2020 1:45 pm 20,000 replies to this ancient post. Time to lock yet?
The thread has been open for over 9 years.

Why stop now? :D
by Stinky
Thu Sep 17, 2020 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Medical Report (MBB): Should I Apply for a New Policy and Risk Blacklisting?
Replies: 8
Views: 534

Re: Insurance Medical Report (MBB): Should I Apply for a New Policy and Risk Blacklisting?

This is a question of when, rather than whether, the MBB learns of your conditions. If the protection against pre existing conditions for health insurance were to go away, then there would be the same medical underwriting there is now for disability and, I assume, LTC. So I don't know that you are ...
by Stinky
Thu Sep 17, 2020 1:26 pm
Forum: Investing - Theory, News & General
Topic: Any IPS changes with the pandemic/lower rates
Replies: 12
Views: 516

Re: Any IPS changes with the pandemic/lower rates

In light of the very low interest rates, I’ve added a ladder of multi year guaranteed annuities (MYGAs) to my fixed income allocation. The MYGA ladder has a weighted average interest rate of almost 3%, much better than the bond funds they replaced.
by Stinky
Thu Sep 17, 2020 8:28 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20070
Views: 2745078

Re: U.S. stocks in free fall

I think I need to stop following the markets every day. It's become something to do during my morning and evening routines, but it's wearing on me and I think it was much better when I checked in a few times per year. (Of course back then, I didn't have enough for any losses to be painful. Now they...
by Stinky
Thu Sep 17, 2020 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer
Replies: 27
Views: 2046

Re: Job Offer

8foot7 wrote: Thu Sep 17, 2020 6:52 am This sounds unfortunately like a pay cut both on an ongoing basis and on a one-time basis (since they won't match your options). I think I would search for other opportunities.
Agreed.
by Stinky
Thu Sep 17, 2020 4:46 am
Forum: Personal Finance (Not Investing)
Topic: Advice for mother-in-law
Replies: 20
Views: 1736

Re: Advice for mother-in-law

Sorry to hear about the diagnosis. I agree with others. --- Figure out her "cash burn" rate, by doing a budget. That will inform her (and you) as to what her financial situation will be going forward, if she beats off this cancer. --- Keep her assets extremely liquid until her health situation resol...
by Stinky
Wed Sep 16, 2020 9:35 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20070
Views: 2745078

Re: U.S. stocks in free fall

lostdog wrote: Wed Sep 16, 2020 9:27 pm So far it's looking like a free fall for tomorrow.
The night is young. Hope springs eternal.

But it sure looks pretty red out there.
by Stinky
Wed Sep 16, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance!
Replies: 12
Views: 629

Re: Life Insurance!

Thank you very much for your guidance, a question about what you mean by "terminates". I pay for the policy annualy, July to be precise. Do I have to wait until 2021 for it to die on it's own? What are differences between letting it die vs requesting a cash surrender? Are there any tax related prob...
by Stinky
Wed Sep 16, 2020 4:25 pm
Forum: Personal Investments
Topic: Whether to lapse term life insurance
Replies: 21
Views: 1359

Re: Whether to lapse term life insurance

I think others have covered a lot of important points - peace of mind, need of insurance, etc. But I can share a bit of info about mortality rates and give my $0.02. The 2017 CSO mortality tables are the max amount of what insurers can charge. These are a bit higher than would be expected. https://...
by Stinky
Wed Sep 16, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I surrender my kids' insurance policies?
Replies: 13
Views: 1122

Re: Should I surrender my kids' insurance policies?

why not give the policy to the kids along with a recommendation about what to do with it. It's a policy on their lives, let them sort it out? A) As owner, I'm sure I could transfer ownership to each kid, but I suppose that would constitute a gift and I'd have to fill out a gift tax return. I'd rath...
by Stinky
Wed Sep 16, 2020 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Keep or Cash Out
Replies: 19
Views: 1015

Re: Universal Life Insurance Keep or Cash Out

So It sounds like the issue with universal policies lapsing that we always hear about are because people must have stopped paying the planned premium and they relied on "illustrated basis" to make decisions rather than the "guaranteed basis"? Yes. Your policy has a guaranteed rate of 4.50%, and the...
by Stinky
Wed Sep 16, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card nightmare
Replies: 12
Views: 1975

Re: Credit card nightmare

Question: Given the monthly orders were placed but never paid for how did a merchant not notice? I agree. Sounds like the merchant had some pretty slipshod procedures. From their point of view, they have been shipping product to someone for two years, and never being paid for it. One would thing th...
by Stinky
Wed Sep 16, 2020 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Front load years 401k contributions when moving from high tax state to no tax state?
Replies: 15
Views: 848

Re: Front load years 401k contributions when moving from high tax state to no tax state?

If next year I am moving from a high tax state to a no tax state for the majority of the year, regarding taxes, is it smarter to front load traditional 401k contributions while living in the high tax state or will I end up owning the same amount either way? Thanks for any advice! Welcome to the For...
by Stinky
Wed Sep 16, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer
Replies: 27
Views: 2046

Re: Job Offer

I’m asking for a higher base later today and a sign on bonus since I have stock vesting in a few months. Let's see how they come back to you later today on salary/bonus. If the new employer makes a material improvement in their offer, I'd strongly consider taking it. If they don't - are there other...
by Stinky
Wed Sep 16, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: new car - 0% interest loan ?
Replies: 27
Views: 1650

Re: new car - 0% interest loan ?

0% offered by a manufacture is typically instead of a cash rebate. Usually the cash offered is not a better deal than the 0%. This has nothing to do with the best price you negotiate with the dealer. If OP is willing to pay cash anyhow and if there is a rebate when 0% financing is not taken, then h...
by Stinky
Wed Sep 16, 2020 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Pushing the time limit for amended tax returns
Replies: 5
Views: 562

Re: Pushing the time limit for amended tax returns

Very interesting.

I assume that you haven’t gotten any queries from the IRS about your amended 2016 and later returns?
by Stinky
Wed Sep 16, 2020 4:53 am
Forum: Personal Finance (Not Investing)
Topic: new car - 0% interest loan ?
Replies: 27
Views: 1650

Re: new car - 0% interest loan ?

You have three scenarios: (1) pay cash, (2) take the 0% loan, (3) finance through the dealer, at an interest rate higher than 0%. Can you ask the dealer if the bottom-line price would be the same for each of the three options? Sometimes the dealer has trade-offs; something like you can either get th...
by Stinky
Wed Sep 16, 2020 4:42 am
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Keep or Cash Out
Replies: 19
Views: 1015

Re: Universal Life Insurance Keep or Cash Out

It's interesting to me that the policy basically will never lapse (well, I guess it expires 95 years after date of purchase) as long as the ~$196 planned annual premium is made. Unless the "planned premium" can increase? The illustration says that the policy will stay in force until 2080 if you pay...
by Stinky
Wed Sep 16, 2020 4:33 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 696999

Re: U.S. stocks continue to soar!

rchmx1 wrote: Wed Sep 16, 2020 3:50 am Tomorrow looking like another vegan day.
Futures up about 0.5%.
by Stinky
Tue Sep 15, 2020 9:05 pm
Forum: Personal Investments
Topic: How much to invest in Fund that has guaranteed 4% return?
Replies: 19
Views: 2523

Re: How much to invest in Fund that has guaranteed 4% return?

The fund is held by a major insurance company (a competitor of TIAA). Would you mind revealing the name of this company? I'm not sure why you wouldn't. That may help elucidate the situation. Voya, formerly ING, formerly Aetna. With a company of that size and the ability to freely withdraw funds, I'...
by Stinky
Tue Sep 15, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Keep or Cash Out
Replies: 19
Views: 1015

Re: Universal Life Insurance Keep or Cash Out

It's interesting to me that the policy basically will never lapse (well, I guess it expires 95 years after date of purchase) as long as the ~$196 planned annual premium is made. Unless the "planned premium" can increase? The illustration says that the policy will stay in force until 2080 if you pay...
by Stinky
Tue Sep 15, 2020 7:14 pm
Forum: Personal Consumer Issues
Topic: what do others pay for umbrella insurance, and is it needed?
Replies: 58
Views: 4493

Re: what do others pay for umbrella insurance, and is it needed?

$595 per year for $5 million. Through State Farm. I also have State Farm and pay twice that for the same amount. I’m 33, spouse 32, one toddler, rent a home, don’t own a boat or pool, live in Florida, both cars insured with State Farm and increased bodily injury to $250,000/$500,000 to get the umbr...
by Stinky
Tue Sep 15, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should I surrender my kids' insurance policies?
Replies: 13
Views: 1122

Re: Should I surrender my kids' insurance policies?

What’s the premium for 30 year policy? I’m not a fan of overpaying but if the premiums don’t rise as they age, it may be worthwhile to keep it. 30 year term policy, male age 25, preferred non smoker, is $770 per year. That is guaranteed level for 30 years. I’m certain that the mortality charges on ...
by Stinky
Tue Sep 15, 2020 2:11 pm
Forum: Personal Investments
Topic: Whether to lapse term life insurance
Replies: 21
Views: 1359

Re: Whether to lapse term life insurance

Something is screwy with the mortality numbers. They show a male age 35 has a 6.83% chance of dying in 20 years. So the expected death benefits per year when your policy was issued are $1.5 million X .0683 / 20, or just over $5,000. But you’re paying only $600 per year. And I guarantee that your ins...
by Stinky
Tue Sep 15, 2020 1:42 pm
Forum: Personal Consumer Issues
Topic: Sell My Car To Carvana?
Replies: 24
Views: 2090

Re: Sell My Car To Carvana?

do they take 10+ year old cars, too? Would love to lose the headache of a private sale. I know for sure Car Max does. I was considering buying a used car 6 months ago and got the dealer's trade in number ($750) so drove over to Car Max who offered $1500. 2009 Ford Fusion with some damage. And CarMa...
by Stinky
Tue Sep 15, 2020 1:31 pm
Forum: Personal Investments
Topic: Whole Life Insurance vs. Investing
Replies: 7
Views: 516

Re: Whole Life Insurance vs. Investing

If you can provide an illustration, plus your targeted asset mix and your thoughts on returns on your asset mix, a comparison can be prepared. To the extent that you include equities in your asset mix, and that you assume that equities outperform fixed income over time, the “buy term and invest the ...