Search found 9343 matches
- Wed Mar 27, 2024 11:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: My Auto Insurance 6 month premium is going dramatically UP?
- Replies: 135
- Views: 5536
Re: My Auto Insurance 6 month premium is going dramatically UP?
What you are missing is that you can be ordered to pay a judgment. Even if your wages can't be garnished, the court can look at your finances and say "pay $500 per month" and "if your MAGI increases, your payment increases." You could choose not to pay it and not suffer wage garnishment. But they could hold you in contempt of court. Texas has no wage garnishment. How can they? Garnishing wages means that when you're paid, some of it is redirected to the creditor. It's just another deduction, like FICA. Having a judgment is not wage garnishment. It's a court-ordered payment. You can choose not to pay. And the same court can throw you in jail. It's crazy to me that we're having this conversation with a near millionaire.
- Wed Mar 27, 2024 11:02 am
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
But how do they define manufactured spending?whodidntante wrote: ↑Wed Mar 27, 2024 10:52 amYep, the card that it is based on historically had a $7,500 per month spending limit for full points, so I wonder if this new rig has similar limitations. I didn't see it when I perused the T&C. They do say that manufactured spending isn't going to earn points.shahhere wrote: ↑Wed Mar 27, 2024 7:28 amOne feature that caught my eye from the article is the Warranty extension that most cards have done away with......whodidntante wrote: ↑Tue Mar 26, 2024 8:43 pm The new credit card is tempting, but if there's anything left of it, I'll get one in a couple of months. I'm currently being a good boy so I can qualify for a Chase card for the first time in many years.
Shahhere
- Tue Mar 26, 2024 11:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: My Auto Insurance 6 month premium is going dramatically UP?
- Replies: 135
- Views: 5536
Re: My Auto Insurance 6 month premium is going dramatically UP?
Get a quote for an actual personal policy from StateFarm and others. If you are doing Doordash so seldomly, then you might save more on insurance than you pay for insurance that covers your seldom DoorDashing.
Also your liability coverage is absurdly low. How would you like it if you were hit by an uninsured or underinsured driver that caused you lifelong medical costs?
Also your liability coverage is absurdly low. How would you like it if you were hit by an uninsured or underinsured driver that caused you lifelong medical costs?
- Tue Mar 26, 2024 8:50 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
Hopefully Chase offers something interesting for you!whodidntante wrote: ↑Tue Mar 26, 2024 8:43 pm The new credit card is tempting, but if there's anything left of it, I'll get one in a couple of months. I'm currently being a good boy so I can qualify for a Chase card for the first time in many years.
- Tue Mar 26, 2024 8:11 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
What does "Robinhood does not handle invidiual tax lots" mean? They somehow automatically convert the basis of your existing holdings to average cost basis?
- Tue Mar 26, 2024 7:56 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
"Boost is divided into 24 monthly payouts. To earn your full boost, hold or invest your brokerage deposits for 2 years. If you cancel Gold, you'll lose future payouts you haven't earned yet. Only deposits into your non-retirement brokerage account will be eligible to earn the boost. There are daily ACH deposit limits." That's not so bad. For sure, not so bad. The cash deposit rate for Gold will fluctuate and could go down by more than the boost amount. If you are investing the cash though, it may be worth it. Robinhood doesn't handle individual tax lots, so I'm somewhat reluctant to do that. They didn't mention a clawback for these types of deposits, so maybe one could just transfer out at such point. I wonder when that offer goe...
- Tue Mar 26, 2024 7:54 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
For those that enable stock lending, my thoughts regarding the trade-off of Robinhood's 3% contribution match vs lower stock lending returns, for those considering whether to move back to another broker after 5 years vs staying at Robinhood: - Robinhood gives roughly 13% of the proceeds. (They say they give 15% of the amount they make. So 100% = $x + $0.15x, x ~= 86.96%, you keep ~13.04%). - There are other brokers that give 50/50 split of the stock lending returns. I'm not using margin (I'd have to deposit a more than $2k as I hold 100% equities and they won't give me $1k free margin without more than $2k in the account). So for staying at robinhood I get: $210 (3% contribution match) - $60 (or $75, Gold membership) = $150 (annually). I w...
- Tue Mar 26, 2024 7:42 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
madbrain wrote: ↑Tue Mar 26, 2024 7:24 pmThanks. This not associated with the credit card, but with Gold. I was looking at the CC page.BobbleyBob wrote: ↑Tue Mar 26, 2024 7:20 pm It's on the page where they list their Gold benefits under the heading "Unlimited Deposit Boost"
"Score 1% more on every deposit, no cap."
https://robinhood.com/us/en/gold/
It is not in effect yet, and won't be paid upfront.
"Boost is divided into 24 monthly payouts. To earn your full boost, hold or invest your brokerage deposits for 2 years. If you cancel Gold, you'll lose future payouts you haven't earned yet. Only deposits into your non-retirement brokerage account will be eligible to earn the boost. There are daily ACH deposit limits."
That's not so bad.
- Tue Mar 26, 2024 1:08 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medicare question with no work history
- Replies: 28
- Views: 2229
Re: Medicare question with no work history
Wife can get medicare on husband’s record. Part A - hospital coverage.needs to be 65 and must enroll. No cost. Part B - enroll in and Pay for this - pays for doctor’s office visit - monthly or quarterly fee to medicare. Part D - enrollment is optional but a good idea - prescription drugs - month - needs to select a provider. Monthly Payment required. Medicare supplemental covers good part of the gaps of coverage of Part B. Pay a private insurer for this. All of this may cost an individual. $400-500 a month. It certainly is not free. Many people obtain medicare by via marriage to someone who has paid into the system.. This is not new. Part D or MA drug coverage is not optional. You will be penalized for every year you don't sign up, by payi...
- Mon Mar 25, 2024 9:44 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medicare question with no work history
- Replies: 28
- Views: 2229
Re: Medicare question with no work history
Why would they be subject to additional taxes vs any other person who delays?123 wrote: ↑Mon Mar 25, 2024 9:43 pm Since the wife has no entitlement to benefits unless her husband receives benefits the husband may need to consider whether there is any significant economic gain to husband and wife by waiting till age 70. Depending on their other income and tax situation they could be seriously disadvantaged by waiting till age 70 since that could mean more ongoing SSA benefits will be subject to tax. RMD issues and IRMMA can also come into play.
- Mon Mar 25, 2024 4:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medicare question with no work history
- Replies: 28
- Views: 2229
Re: Medicare question with no work history
"Retirement salary" is not a standard term.Econberkeley wrote: ↑Mon Mar 25, 2024 3:31 pmby benefit you mean retirement salary right?1hotjava wrote: ↑Mon Mar 25, 2024 2:49 pmJust to clear up some terminology here. It is 150% of the husbands benefit (150% of the PIA to be exact), not salary.Econberkeley wrote: ↑Sun Mar 24, 2024 9:50 pm may get between 150% and 180% of husband's retirement salary.
- Mon Mar 25, 2024 1:17 pm
- Forum: Personal Consumer Issues
- Topic: Moving to San Diego from Sleepy Low Cost Area
- Replies: 77
- Views: 8196
Re: Moving to San Diego from Sleepy Low Cost Area
What is the most walkable part of San Diego to live? If your moving to SD and plan on owning a car but prefer to be in a walkable thats fine. But if the intention is to be carless you are going to be paying a steep premium for very little value. There are many great walkable cities in the world (and I have lived carless in many of them) but San Diego is not one of them. If you live in a walkable area of San Diego with a car, you are going to be spending a ton of money on parking. I imagine that, yes, that is quite true. But there are areas within San Diego that are walkable and you park your car right at your home. Either way, my general thought is simply the best bits of San Diego (and SoCal) are largely inaccesible without a car. I've se...
- Mon Mar 25, 2024 1:11 pm
- Forum: Personal Consumer Issues
- Topic: Moving to San Diego from Sleepy Low Cost Area
- Replies: 77
- Views: 8196
Re: Moving to San Diego from Sleepy Low Cost Area
I can filter for Little Italy and Gaslamp on Redfin, but what would the "Petco Park area" be considered?krafty81 wrote: ↑Mon Mar 25, 2024 12:54 pm Love Little Italy, Gaslamp and Petco Park area. I have lived in SD now for nine years and do not plan on moving. So many great things to do and the weather is perfect. Biggest downside is COL of course. Utilities, water, gas all take a bite. City is tackling the homeless issue which has cleared the downtown area a bit - still more work to do.
- Mon Mar 25, 2024 9:25 am
- Forum: Personal Consumer Issues
- Topic: Moving to San Diego from Sleepy Low Cost Area
- Replies: 77
- Views: 8196
Re: Moving to San Diego from Sleepy Low Cost Area
If you live in a walkable area of San Diego with a car, you are going to be spending a ton of money on parking.halfnine wrote: ↑Mon Mar 25, 2024 6:18 amIf your moving to SD and plan on owning a car but prefer to be in a walkable thats fine. But if the intention is to be carless you are going to be paying a steep premium for very little value. There are many great walkable cities in the world (and I have lived carless in many of them) but San Diego is not one of them.JustGotScammed wrote: ↑Wed Mar 20, 2024 7:46 pm What is the most walkable part of San Diego to live?
- Mon Mar 25, 2024 9:07 am
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 6053
- Views: 1036346
Re: Fidelity as a one stop shop
I don't recall. I always chose to do the two small deposits to link.CuriousGeorgeTx wrote: ↑Mon Mar 25, 2024 7:54 amWhich institutions were you trying to set up?
It appears Fidelity's vendor supports some financial institutions, but for Ally Bank, they said that service wasn't available and I would have to go the paper route.
- Sun Mar 24, 2024 10:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 6053
- Views: 1036346
Re: Fidelity as a one stop shop
- There are different rules and regulations on check fraud. Banks are more rigorous and more helpful, Fidelity uses a third party bank that is not very accessible. And since I cannot place a limit on check size (you can for ATM withdrawals), my entire emergency fund is at risk due to the overdraft setup. However, what I have found is that if there is an unusual check, I do get an email asking to confirm that check, which makes me feel more comfortable. For these reasons and also because a check reveals my account number, I use a separate brokerage account just for checkwriting, manually transferring just enough for each check. How do you know that the bill pay check shows your actual account number? That isn't typical for bill pay services...
- Sun Mar 24, 2024 10:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medicare question with no work history
- Replies: 28
- Views: 2229
Re: Medicare question with no work history
My brother worked more than 40 quarters so he is entitled for both social security and medicare. His wife OTOH never worked in her life. The other day we were talking about how the spouse is entitled for for half of what he gets or not. We were confused about the medicare part. So there are 2 questions here Google search indicates total family soc sec income may get between 150% and 180% of husband's retirement salary. Now I understand 150% since the wife is entitled for the half. But under which circumstances this can reach up to 180%? I was not able to find any info on this. Second question, if husband starts receiving social security at 70 and at that time assume non working wife who never worked in her life reaches 65 years old, would ...
- Sun Mar 24, 2024 9:39 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 6053
- Views: 1036346
Re: Fidelity as a one stop shop
- There are different rules and regulations on check fraud. Banks are more rigorous and more helpful, Fidelity uses a third party bank that is not very accessible. And since I cannot place a limit on check size (you can for ATM withdrawals), my entire emergency fund is at risk due to the overdraft setup. However, what I have found is that if there is an unusual check, I do get an email asking to confirm that check, which makes me feel more comfortable. For these reasons and also because a check reveals my account number, I use a separate brokerage account just for checkwriting, manually transferring just enough for each check. How do you know that the bill pay check shows your actual account number? That isn't typical for bill pay services.
- Sun Mar 24, 2024 7:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 6053
- Views: 1036346
Re: Fidelity as a one stop shop
Why do you need mail forms to setup ACH transfer? I definitely haven't needed to that.
- Sun Mar 24, 2024 5:29 pm
- Forum: Investing - Theory, News & General
- Topic: Purchasing MYGAs (multi year guaranteed annuities) - mega thread
- Replies: 2251
- Views: 292748
Re: Purchasing MYGAs (multi year guaranteed annuities) - mega thread
I wouldn't think there's a way for you to get out of that 5 year contract after you've already started the payments.CardinalRule wrote: ↑Sun Mar 24, 2024 5:24 pm Stinky, I just pulled up the documents and you're right. I erred on the terminology. Thanks for educating me on that.
Annuity Source of Funds: Traditional IRA
Annuity Option: Period Certain Annuity
Purchase Payment: $195,000.00
Taxable Amount: $3,640
Payment Frequency: Monthly
Period Certain: 5 Years
- Sun Mar 24, 2024 5:26 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 6053
- Views: 1036346
Re: Fidelity as a one stop shop
Thanks for the tip about check images. I had never bothered to check!lstone19 wrote: ↑Sun Mar 24, 2024 3:31 pmFidelity does not debit your account until the bill pay check clears. Check images are then available on-line.CuriousGeorgeTx wrote: ↑Sun Mar 24, 2024 2:29 pm How does Fidelity handle the timing and visibility of bill pay transactions? I have been unhappy that in most cases, Ally bill pay takes the funds on the due date whether or not the check has been cashed, and there is no way of telling (short of calling them) if the payment has been completed. I’m not as worried about the float as the murkiness.
- Sun Mar 24, 2024 12:56 pm
- Forum: Personal Finance (Not Investing)
- Topic: AmGuard no longer offering CA Homeowner Insurance policies - any suggestions for alternatives?
- Replies: 9
- Views: 1241
Re: AmGuard no longer offering CA Homeowner Insurance policies - any suggestions for alternatives?
State farm will not renew 70,000 policies in CA.
https://abc7.com/amp/california-insuran ... /14559707/
https://abc7.com/amp/california-insuran ... /14559707/
- Sat Mar 23, 2024 2:22 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medigappers: which plan do you have and why
- Replies: 89
- Views: 5024
Re: Medigappers: which plan do you have and why
An insurance broker who specializes in medicare policies told someone I know that United American offers many (or all) of their G-HD customers an 1-time opportunity to upgrade to a G plan after 2 years on their G-HD plan. I don't know if that is true for all customers or all states or even if true at all, but it is interesting etc. Even if they do their regular g plans in my area are over $300 per month so it would make no sense at all. Yes, United American does offer holders of G-HD policies a one-time opportunity to switch to Plan G without underwriting at the two year mark. In my zip code the rate for their Plan G is slightly over $200 a month, which is a little high but not outrageous. The G plan premium partly covers having the G plan...
- Sat Mar 23, 2024 10:22 am
- Forum: Personal Finance (Not Investing)
- Topic: Chase as a One Stop Shop
- Replies: 61
- Views: 11778
Re: Chase as a One Stop Shop
I've never heard of people doing that, but that doesn't mean it's not possible.
- Fri Mar 22, 2024 9:08 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medigappers: which plan do you have and why
- Replies: 89
- Views: 5024
Re: Medigappers: which plan do you have and why
UHC in NJ is community rated as well. They have a large discount the dwindles each year, for 2024 they revamped the amount and how it dwindles at least in my zip code. I'm curious how that "discount" works. Does that mean you get a big discount for your first year of enrollment that decreases each year. That sounds a lot like shadow age rating. Community rating means that everyone pays the same rate. You are correct. By taking a little bit of the discount away each year, the UHC policy is actually an attained-age policy that is just called community-rated. And that's what they do in nearly every state that the operate it in. The difference is at age 85 or so, UHC is typically the cheapest option vs actual attained age policies.
- Fri Mar 22, 2024 9:36 am
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
The person who you responded literally said that we would never see such an offer from big brokerages, as did I, the person that they responded to. You asked "who is?"Leesbro63 wrote: ↑Fri Mar 22, 2024 9:33 amOK! You made your point, but only sorta. Because I wouldn't exactly call Tastytrade a big name, established brokerage.tj wrote: ↑Fri Mar 22, 2024 9:31 amTastytrade - $2k for $100k.
https://support.tastytrade.com/support/ ... 3000678965
- Fri Mar 22, 2024 9:31 am
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
- Fri Mar 22, 2024 9:13 am
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
I'd be pretty surprised if a 2% offer comes out from a big brokerage. Usually these juicy offers are from no name brokerages with a lot of venture capital. What's odd about this one is that Robinhood is fairly established.
- Fri Mar 22, 2024 8:56 am
- Forum: Personal Finance (Not Investing)
- Topic: What should a taxpayer expect a CPA to do?
- Replies: 27
- Views: 2971
Re: What should a taxpayer expect a CPA to do?
toddthebod wrote: ↑Fri Mar 22, 2024 8:40 amConsidering the literally hundreds of posts on this forum asking for help filling out form 8606, is it so hard to imagine wanting help making sure your return is filled out accurately? And form 8606 is a pretty straightforward form.
What about the hundreds of posts about tax preparers not filling it out accurately?
- Fri Mar 22, 2024 8:24 am
- Forum: Personal Finance (Not Investing)
- Topic: What should a taxpayer expect a CPA to do?
- Replies: 27
- Views: 2971
Re: What should a taxpayer expect a CPA to do?
It seems like accountants make you do all the heavy lifting, so why not DIY?
- Thu Mar 21, 2024 11:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: The Final, Definitive Thread on Bank Bonuses
- Replies: 122
- Views: 17185
Re: The Final, Definitive Thread on Bank Bonuses
https://www.doctorofcredit.com/knowledge-base/list-methods-banks-count-direct-deposits/ Thanks - I stumbled upon this before. It's a great resource, but I came away feeling uneasy about using it. I noticed the referenced posts of success are often old, some 10+ years, and my impression is that banks have become stricter recently on what satisfies the direct deposit requirement, so the reliability of all but the most recent confirmed successes seem questionable. I was picturing myself signing up for an offer, initiating an ACH transfer from my bank to try to trigger the direct deposit requirements, but not having an easy way to confirm whether the DD met the requirements - then waiting weeks/maybe months for a bonus to show up that might ne...
- Thu Mar 21, 2024 11:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: The Final, Definitive Thread on Bank Bonuses
- Replies: 122
- Views: 17185
Re: The Final, Definitive Thread on Bank Bonuses
It's very easy for me to change my direct deposit, but most of the time, I don't need to.markallen2424 wrote: ↑Thu Mar 21, 2024 10:31 pm Has anyone who's self employed without payroll income found a reliable, consistent way to satisfy the direct deposit requirements for bank bonuses?
I'd love to take advantage of multiple bank bonus offers, but the lack of payroll direct deposit currently has me stuck.
https://www.doctorofcredit.com/knowledg ... -deposits/
- Thu Mar 21, 2024 8:15 pm
- Forum: Personal Finance (Not Investing)
- Topic: National bank you can recommend for checking acct
- Replies: 21
- Views: 1337
- Thu Mar 21, 2024 6:27 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
- Thu Mar 21, 2024 5:12 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
I don't think any of us could know for sure. That sounds logical. I plan on making zero future contributions to this account
- Thu Mar 21, 2024 10:40 am
- Forum: Personal Finance (Not Investing)
- Topic: Medigappers: which plan do you have and why
- Replies: 89
- Views: 5024
Re: Medigappers: which plan do you have and why
There are some states with more lenient rules, where switching from G-HD to G could be possible without underwriting. New York, Connecticut, Massachusetts, Vermont, and Washington come to mind. (Other states have lenient rules, but most of those are restricted to moving to a plan of equal to or lesser benefits.) Of course, those states have higher premiums for everyone. Especially New York! New York cries out for people to take Plan G-HD. Yes of course, the more lenient the rules the more adverse selection there will be. Those with low medical expenses can pick a plan with higher deductible and then just switch to lower or no deductible when/if they start having higher expenses. This fills the low deductible plan with the people that have ...
- Thu Mar 21, 2024 8:24 am
- Forum: Personal Finance (Not Investing)
- Topic: Medigappers: which plan do you have and why
- Replies: 89
- Views: 5024
Re: Medigappers: which plan do you have and why
From reading the discussion, the rational choice for us (1-2 years away) would be G-HD. The main drawback I see is the hassle of needing to pay (a small fraction) of every single charge (until the deductible). Whereas with G, you don’t really see the bill at all. How much weight to put on this convenience factor is not clear? But, it might push me towards plan G. I'd add: In doing the math, one should also consider the state they live in and whether or not they can change Plans in the future without going through medical underwriting. One might choose G-HD during open enrollment and then find they're stuck with it when they'd like to change to G. They may be prevented from changing plans in the future if they no longer pass medical underwr...
- Thu Mar 21, 2024 7:59 am
- Forum: Personal Finance (Not Investing)
- Topic: Medigappers: which plan do you have and why
- Replies: 89
- Views: 5024
Re: Medigappers: which plan do you have and why
From reading the discussion, the rational choice for us (1-2 years away) would be G-HD. The main drawback I see is the hassle of needing to pay (a small fraction) of every single charge (until the deductible). Whereas with G, you don’t really see the bill at all. How much weight to put on this convenience factor is not clear? But, it might push me towards plan G. Some of the G-HD providers have interest bearing savings accounts that can automatically pay your coinsurance so that there is no bill to pay after a claim is processed. Interesting! That’s very good to know as it’d address my main concern. Thank you for sharing! The big player in the high-deductible arena, United American, offers its Reserve Fund Annuity that will pay deductibles...
- Wed Mar 20, 2024 8:30 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medigappers: which plan do you have and why
- Replies: 89
- Views: 5024
Re: Medigappers: which plan do you have and why
I have the High Deductible G plan. After doing a lot of research i found the F plan (which they no longer offer), the C plan and the G plan offer the best benefits. (see: https://www.medicare.gov/health-drug-plans/medigap/basics/compare-plan-benefits) After some quick calculations, i decided on the High Deductible G plan. as the total cost of the plan's deductible ($2,800) + 12 months of the $72 premium is less expensive than paying for 12 months of any other plan's monthly premium. (costs vary from state.) If you are in relatively good health, it is highly unlikely that you will fulfill the $2,800 deductible (as Medicare payment rates are SIGNIFICANTLY lower than the billed amount), so you'll be ahead financially for each year that you do...
- Wed Mar 20, 2024 8:29 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medigappers: which plan do you have and why
- Replies: 89
- Views: 5024
Re: Medigappers: which plan do you have and why
placeholder wrote: ↑Wed Mar 20, 2024 8:08 pmIt pays the deductible subject to the plan deductible just as it pays the 20% that part b doesn't so it's one of the covered expenses.
OK, let's be clear.
The G HD does not "pay the Part A deductible for you".
If you were to be hospitalized, you are paying the $1600 Part A deductible yourself which does go towards the $2800 HD G limit.
but if you have Plan G, the only expense you are responsible for Part B deductible, while the Part A deductible is literally paid for you.
The comment that I responded to stated "Both varieties of G plans pay the part A deductible for you "
- Wed Mar 20, 2024 7:48 pm
- Forum: Personal Consumer Issues
- Topic: Moving to San Diego from Sleepy Low Cost Area
- Replies: 77
- Views: 8196
Re: Moving to San Diego from Sleepy Low Cost Area
Downtown?JustGotScammed wrote: ↑Wed Mar 20, 2024 7:46 pm What is the most walkable part of San Diego to live?
- Wed Mar 20, 2024 7:47 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
Can someone explain the situation to me please. ...what would I get for the $500k transfer from Schwab to Robinhood. Also, can the transfer be in-kind or do I have to sell the equities and transfer cash? The transfer from Vanguard to TD was in-kind and that really helped. Is there withdraw or early penalty or any fees paid to IRS or Robinhood, beside the Gold membership, for this transaction? Transfer in kind, no selling. You'll get a 3% bonus, just like everyone Else. You'll pay for gold for a year. RH has a $100 transfer-out fee you'll pay in 5yrs if you leave. If you withdraw before 5yrs, or cancel Gold before 1yr, you lose 2/3 of that bonus. The Terms answer all your questions. https://robinhood.com/us/en/support/articles/ira-gold-matc...
- Wed Mar 20, 2024 7:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medigappers: which plan do you have and why
- Replies: 89
- Views: 5024
Re: Medigappers: which plan do you have and why
Equivalent of plan G. Most coverage available. It's important to understand the so-called "medical loss ratio" (offensive insurer-centric name, "benefit-to-premium ratio" would be better). It's typically 80-85%. It's actually 82.5% for the one I have. There are rules for how much they are required to pay, and one year when the plan I was on didn't meet the requirement, they had to send out rebate checks. When I looked into it, the medical loss ratio was a little higher for the higher-end plans, meaning that statistically they were a slightly better "buy." That wasn't the reason we went for the high-end plan but it did factor into the decision. What an 80-85% benefit-to-premium ratio tells me, is that even thou...
- Wed Mar 20, 2024 6:19 pm
- Forum: Personal Consumer Issues
- Topic: Maintaining a new Global Entry membership (USA)
- Replies: 20
- Views: 1681
Re: Maintaining a new Global Entry membership (USA)
Nope. Just paid them and they sent a new card.Tabulator wrote: ↑Tue Mar 19, 2024 9:54 pm Do you mean no interview at all, not even a virtual or computer interview?life in slices wrote: ↑Tue Mar 19, 2024 12:14 pm I’ve renewed it 3 or 4 times with no interview, but current renewal is still in pending status so will have to wait and see, but expect no interview
- Wed Mar 20, 2024 6:11 pm
- Forum: Personal Finance (Not Investing)
- Topic: Considering a Career Change From Marketing to Financial Planning
- Replies: 28
- Views: 1885
Re: Considering a Career Change From Marketing to Financial Planning
Roth Evangelist I have spent my entire career in the financial services industry, first as a bond & stockbroker for Smith Barney, and hated every day of it. The past 25 years I have worked in the RIA channel as a registered investment advisor representative and have loved every day of it - absolute pure joy helping people make smart investing and financial planning decisions that will carry them through their lifetime, especially including elder care and end-of-life issues that in my opinion are not highlighted enough on this forum. There has never been a better time to enter this arena of helping people, make a great living at it, and spend your life on something you are passionate about. Of course this forum is a wonderful resource f...
- Wed Mar 20, 2024 6:03 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1542
- Views: 119122
Re: Robinhood 3% IRA Match
Can someone explain the situation to me please. ...what would I get for the $500k transfer from Schwab to Robinhood. Also, can the transfer be in-kind or do I have to sell the equities and transfer cash? The transfer from Vanguard to TD was in-kind and that really helped. Is there withdraw or early penalty or any fees paid to IRS or Robinhood, beside the Gold membership, for this transaction? Transfer in kind, no selling. You'll get a 3% bonus, just like everyone Else. You'll pay for gold for a year. RH has a $100 transfer-out fee you'll pay in 5yrs if you leave. If you withdraw before 5yrs, or cancel Gold before 1yr, you lose 2/3 of that bonus. The Terms answer all your questions. https://robinhood.com/us/en/support/articles/ira-gold-matc...
- Wed Mar 20, 2024 6:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medigappers: which plan do you have and why
- Replies: 89
- Views: 5024
Re: Medigappers: which plan do you have and why
Equivalent of plan G. Most coverage available. It's important to understand the so-called "medical loss ratio" (offensive insurer-centric name, "benefit-to-premium ratio" would be better). It's typically 80-85%. It's actually 82.5% for the one I have. There are rules for how much they are required to pay, and one year when the plan I was on didn't meet the requirement, they had to send out rebate checks. When I looked into it, the medical loss ratio was a little higher for the higher-end plans, meaning that statistically they were a slightly better "buy." That wasn't the reason we went for the high-end plan but it did factor into the decision. What an 80-85% benefit-to-premium ratio tells me, is that even thou...
- Wed Mar 20, 2024 2:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: Did I "get away with" a 2 year IRMAA lookback?
- Replies: 11
- Views: 2339
Re: Did I "get away with" a 2 year IRMAA lookback?
IRMAA is not a penalty. It's a surcharge for people with higher incomes. You wouldn't say that everyone above the 12% federal tax bracket is paying a penalty, would you? Yes, I would want to say it is a penalty. My wife and worked hard and achieved a lot of wealth while working so we paid ALOT of Medicare tax, far more than most. Now in retirement, if we recognize more income we AGAIN have to pay more. Seems entirely unfair and absolutely feels like another tax or a penalty. I doubt it will make you feel better but the way the Medicare law is written is not that you are paying a higher premium but that you are getting a lower government subsidy with higher income, sort of like the ACA subsidies. The standard Part B subsidy pays 75% of the ...
- Wed Mar 20, 2024 11:31 am
- Forum: Personal Finance (Not Investing)
- Topic: Divorce and co mingling asset question
- Replies: 49
- Views: 6975
Re: Divorce and co mingling asset question
teacher2163 wrote: ↑Thu Feb 29, 2024 10:23 am I agree that we do not want to pay the lawyers a bunch of money. The first time we sat down my wife was not very agreeable. I am hoping that changes. Right now, I am gathering documents from banks and essentially going to trace the money for both lawyers. Right now it is just costing me my time. I will keep everyone posted.
Why do you think the agreeableness will change?
- Tue Mar 19, 2024 6:08 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medigappers: which plan do you have and why
- Replies: 89
- Views: 5024
Re: Medicare: 64 Year Old Eyeing 2025 Medicare
Something that we experienced recently with my MIL who has Traditional+Part D, was a 5 day observational stay in the hospital, all billed as Part B since she wasn't admitted. Upon release to rehab, since she was unable to return home and needed physical therapy, there was no Medicare coverage for rehab because Traditional requires a 3 day hospital stay as an admitted patient. This cost around $15,000. Many, maybe most, Medicare Advantage plans waive the 3 day hospital stay requirement, and pay for rehab without it. This is a large hidden cost for Traditional Medicare. Made worse because lengthy hospital stays are not commonplace as they once were. Extended recovery is offloaded to rehab for many elderly patients. Why didn't the hospital ad...