Search found 1540 matches

by Oneanddone
Sun Oct 16, 2011 11:11 am
Forum: Personal Investments
Topic: What is the source of returns for Whole Life Policies
Replies: 34
Views: 2320

im going to bet the agent tries to replace the policy with a "new better performing one". the agent does have an incentive to sell a new policy and is really not that interested in putting time and effort into this situation otherwise. you always put little extras in there that you know d...
by Oneanddone
Sun Oct 16, 2011 11:10 am
Forum: Personal Investments
Topic: What is the source of returns for Whole Life Policies
Replies: 34
Views: 2320

Over the next 30 40 years of investing, the market has to out perform insurance since if it didn't the insurance company would go under. They are investing smartly just like yourself only they have more mouths to feed along the way. Let's not confuse what has to happen on the aggregate with what ha...
by Oneanddone
Sun Oct 16, 2011 11:07 am
Forum: Personal Investments
Topic: What is the source of returns for Whole Life Policies
Replies: 34
Views: 2320

Re: A better way ?

Hi Oneanddone: Taylor, you do realize that you are telling someone to take a future action (keep or dump a policy) based upon past performance. Yes. I realize you know more about insurance than I do so if you know a better way (that's not too complicated) please share it. Taylor, I apologize becaus...
by Oneanddone
Sun Oct 16, 2011 11:00 am
Forum: Personal Investments
Topic: What is the source of returns for Whole Life Policies
Replies: 34
Views: 2320

Good luck finding the original agent. Also be prepared for a hard push for more insurance. If you want a 3rd party evaluation of your policy, James hunt has a service but it costs 85 bucks and you will find you actually already have a reasonable idea of your return. Over the next 30 40 years of inv...
by Oneanddone
Sun Oct 16, 2011 10:57 am
Forum: Personal Investments
Topic: What is the source of returns for Whole Life Policies
Replies: 34
Views: 2320

Do you not agree that the cost of maintaining whole life policy for the death benefit must consider opportunity costs of not taking the surrender cash value (net taxes) and investing it as per my IPS. What I am currently considering doing is including the surrender cash value as part of my fixed in...
by Oneanddone
Sun Oct 16, 2011 10:48 am
Forum: Personal Investments
Topic: What is the source of returns for Whole Life Policies
Replies: 34
Views: 2320

Re: Deciding whether to keep or sell policy

Hi Rick: This is an easy way to decide whether to keep your policy or not: 1. Determine the 1-year increase in cash surrender value ($437 in 2010). 2. Determine the annual premium ($368). 3. Subtract the difference (gain of $69). 4. 0.4% is the return on the cash surrender value of ($17,342) plus t...
by Oneanddone
Sun Oct 16, 2011 7:52 am
Forum: Personal Investments
Topic: What is the source of returns for Whole Life Policies
Replies: 34
Views: 2320

I'll just note that the most fascinating thing about the postings from oneanddone are the statements I made which he chose NOT to respond to... I guess that means he tacitly agrees with all of the other points that I made above? If I don't respond to a point it means that I didn't respond to a poin...
by Oneanddone
Sun Oct 16, 2011 6:49 am
Forum: Personal Investments
Topic: What is the source of returns for Whole Life Policies
Replies: 34
Views: 2320

A portion of the dividends / earnings that you're seeing is simply a return of excess premium. I charge you $110 for insurance which should actually cost you $100, give you back the extra $10 and call it a dividend. A dividend in not a return of excess premium. This often gets confused because a di...
by Oneanddone
Sun Oct 16, 2011 6:38 am
Forum: Personal Investments
Topic: What is the source of returns for Whole Life Policies
Replies: 34
Views: 2320

Rick, you are making a classic mistake in the conversation of whole life insurance. The value is in having a death benefit that never goes away. The cash surrender value is just a nice feature. People often say, "I won't need life insurance when I get older." It may be true, but it is clos...
by Oneanddone
Sun Oct 16, 2011 6:22 am
Forum: Personal Investments
Topic: variable annuities
Replies: 6
Views: 734

This nonsense again? They already can't be sold in IRA accounts IF the purpose of the product is tax deferral. The overwhelming majority of these products are sold in IRA accounts. Why? They ARE NOT sold for tax deferral. These are insurance products with insurance features. They should ONLY be purc...
by Oneanddone
Sun Oct 16, 2011 6:11 am
Forum: Personal Finance (Not Investing)
Topic: CLASS Act (public Long Term Care plan) scrapped
Replies: 20
Views: 1969

I don't understand how something can be passed that has no details. How much coverage did one get with it? What was the premium? How fast could premiums increase? Etc. I'm not looking for answers. I'm just pointing out the willingness of politicians to pass bills with no clues what they contain or i...
by Oneanddone
Sun Oct 16, 2011 5:57 am
Forum: Personal Consumer Issues
Topic: Wedding rehearsal dinner
Replies: 19
Views: 2856

It seems we're pretty much at the mercy of our son and his bride on this. Why? They are adults. If you want to pay, go ahead and pay. You aren't obligated to do anything. If you want to pay, but don't want to pay more than a certain amount, pick a venue that will be within your budget. If your son ...
by Oneanddone
Fri Oct 14, 2011 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Women in Demanding Careers
Replies: 74
Views: 5984

There is no 2:00 soccer. There is 3:30 soccer. There is 11:30 "Spring Sing". There is 10:00 teacher conference. My point is that choices need to be made. Someone who wants to be a mom is probably ultimately not going to want to be in a position in which she can't attend any school events. ...
by Oneanddone
Fri Oct 14, 2011 12:09 pm
Forum: Personal Investments
Topic: Need 4% return to retire
Replies: 20
Views: 3585

Nun, one problem that I see is that you are counting on the rent. It seems like it would be much safer to make your decision based upon what happens if you can't collect the rent.
by Oneanddone
Fri Oct 14, 2011 9:38 am
Forum: Personal Finance (Not Investing)
Topic: College advice to high school seniors...
Replies: 36
Views: 5025

Don't cut class.
by Oneanddone
Fri Oct 14, 2011 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Women in Demanding Careers
Replies: 74
Views: 5984

I don't want to have to quit my career track because I am a woman. You won't have to quit your career track because you are a woman. You will have to quit your career track if you realize that being a good involved mother is more important than your career. You will have to decide whether the 2:00 ...
by Oneanddone
Thu Oct 13, 2011 2:14 pm
Forum: Investing - Theory, News & General
Topic: Ameriprise employees sue firm for lousy 401k choices
Replies: 74
Views: 11253

I don't know why people work where they do but if you are a fiduciary, it's your duty to know what a truly low cost plan that benefits the employees looks like. 1. It has low cost recordkeeping and administration. 2. It has a core mix of low cost index funds. 3. It may have Self-Directed Brokerage ...
by Oneanddone
Thu Oct 13, 2011 1:02 pm
Forum: Personal Consumer Issues
Topic: Do you have kid(s), or at least want to have kid(s)?
Replies: 273
Views: 16280

While you may not find in an online dictionary the defintion of "childLESS" which matches what I wrote earlier, it is generally accepted in the childfree world that childLESS and childFREE mean what I said they mean. This comes from childfree blogs and message boards. Here is the best one...
by Oneanddone
Thu Oct 13, 2011 12:39 pm
Forum: Personal Consumer Issues
Topic: Wedding rehearsal dinner
Replies: 19
Views: 2856

Re: Wedding rehearsal dinner

Who normally comes to these things? Is it just immediate family (bride, groom, their parents and their siblings, plus siblings' spouses)? Or does it also include bridesmaids and groomsmen and their dates and close family friends? We don't know yet how elaborate the wedding will be. As you might gue...
by Oneanddone
Thu Oct 13, 2011 9:55 am
Forum: Personal Consumer Issues
Topic: Do you have kid(s), or at least want to have kid(s)?
Replies: 273
Views: 16280

Agree to disagree, Oneanddone. And by the way, childFREE and childLESS are two completely different and mutually exclusive terms. ChildFREE means not having kids and not wanting to have kids. ChildLESS means not having kids but wanting to have kids. You cannot be both at the same time. I apologize ...
by Oneanddone
Thu Oct 13, 2011 8:46 am
Forum: Personal Consumer Issues
Topic: Do you have kid(s), or at least want to have kid(s)?
Replies: 273
Views: 16280

I completely respect the desire of the childfree to remain that way. However, all of us with chidren at one time were childless. We can tell you that we thought that we knew what being a parent would be like, but it turns out that we were wrong. We had very little idea. There is simply no way to kno...
by Oneanddone
Tue Oct 11, 2011 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care
Replies: 140
Views: 9732

Keep in mind that Nick's situation is different than many.

If I'm not mistaken, he has said that he never wants to have kids.
This means that although I keep talking about long term care being a family issue, for him, it may be an individual issue.
by Oneanddone
Tue Oct 11, 2011 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance -- best carriers or companies
Replies: 8
Views: 1409

I was talking more in general than specifics. I'll assume that you know more about dental assistants than I do. I wouldn't know without doing homework which company might be the best.
by Oneanddone
Tue Oct 11, 2011 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care
Replies: 140
Views: 9732

Honobob, I'm not sure how that story relates. That sounds like someone who is having family pay for her care as opposed to paying for her own care. Ex. Jim doesn't buy coverage because he has enough money to pay for care. He isn't married and doesn't care about leaving money behind to his kids. Wha...
by Oneanddone
Tue Oct 11, 2011 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance -- best carriers or companies
Replies: 8
Views: 1409

One's occupation class makes a big difference in determing which contract is the best for a person. We often talk about all the great things that a contract should have. It isn't always possible or economically feasible to get the best contract if one isn't in a top occupation class. Depending upon ...
by Oneanddone
Tue Oct 11, 2011 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care
Replies: 140
Views: 9732

Honobob, I'm not sure how that story relates. That sounds like someone who is having family pay for her care as opposed to paying for her own care. If someone does have enough money to pay out of pocket for 5 years and they don't care about leaving money behind, I'm not going to fight them over this...
by Oneanddone
Tue Oct 11, 2011 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

I can guess where some confusion on dhodson's part and others may be originating. 1)Nursing homes are for skilled care. 2)Long term care insurance is for unskilled care. 3)Medicaid pays for skilled care. Yet, I am saying that those who need unskilled care, but don't have resources end up in nursing ...
by Oneanddone
Tue Oct 11, 2011 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

. When those individuals buy the policy, it is highly possible that they are not thinking in terms of, "gee, I wonder if buying this policy will help me stay out of a nursing home as long as possible." My LTCi offers a "facility only" plan. I believe at least 89% bought the plan...
by Oneanddone
Tue Oct 11, 2011 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

Oneanddone said: "People don't buy long term care insurance to pay for nursing homes. People buy long term care insurance to stay out of nursing homes for as long as possible." Mr. Don says: The above statement is incorrect for several reasons: 1. No one, including oneandone, could possibl...
by Oneanddone
Tue Oct 11, 2011 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

I have no firsthand experience, but several people I know (that have some degree of knowledge and/or experience) say: 1. Once in a nursing home (or similar care facility) as a paying patient (count LTC insurance as paying), and you later qualify for Medicaid (you run out of money or you use up the ...
by Oneanddone
Tue Oct 11, 2011 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

i guess he gets 3 years of whatever 250/day can provide. He may still need to use part of ss check and then in 3 years the family attempts to get him admitted to the hospital for pneumonia or some other problem with the plan of a "nursing home arrangement". im just not seeing this as some...
by Oneanddone
Tue Oct 11, 2011 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

How about 3 years.
by Oneanddone
Tue Oct 11, 2011 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

Let's try this again. I'm not trying to put together crazy facts. I'm simply trying to point out what happens if someone has an LTCi policy that will pay and compare it to not having one if someone is chronically ill*. Jim and his wife have spent their assets caring for him. Jim is chronically ill. ...
by Oneanddone
Tue Oct 11, 2011 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care
Replies: 140
Views: 9732

Nick, if you have enough money to pay for 5 years of care and you don't care about leaving money behind, I agree that you should not be buying coverage.
by Oneanddone
Tue Oct 11, 2011 9:34 am
Forum: Personal Consumer Issues
Topic: Blekko search engine
Replies: 1
Views: 648

Blekko search engine

Does anybody use blekko.com as their search engine? Are their slash tags helpful? I'm asking because I'm not quite sure exactly what they are all about, but am trying to learn more about it.

I'm primarily interested because one of the owners was one of my closest friends growing up.
by Oneanddone
Tue Oct 11, 2011 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance -- best carriers or companies
Replies: 8
Views: 1409

Guardian tends to be a bit higher because their contract is better. Is it worth paying more? Sometimes, but not always. For certain occupations, they are less expensive and better.

MassMutual is a good carrier.
by Oneanddone
Tue Oct 11, 2011 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

there are criteria for skilled care. if you dont need skilled care then while im sure people fudge it at times, you dont just get to go to a skilled facility (and you probably dont really want to). The tone of many posts are that LTCi would prevent going to a skilled facility and that just isnt tru...
by Oneanddone
Tue Oct 11, 2011 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care
Replies: 140
Views: 9732

Unfortunately, what I said does not refer to your policy. Yours is "tax qualified" only in the sense that premiums may be tax deductible (depends upon your personal situation) and the benefit will be tax free. When I was talking about the relative ease of claims with tax qualified policies...
by Oneanddone
Tue Oct 11, 2011 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

one point i disagree about is that LTCi helps keep you out of the nursing home to any real extent. While i have no doubt that people dont want to go to the nursing home, the idea that LTCi is making a big difference on whether or not you go to a nursing home is likely flawed logic. Your medical con...
by Oneanddone
Tue Oct 11, 2011 8:00 am
Forum: Personal Finance (Not Investing)
Topic: SPIA vs Variable Annuity with Lifetime WB
Replies: 5
Views: 1114

Re: SPIA vs Variable Annuity with Lifetime WB

I'm new to this industry. Are Immediate payout rates higher than withdrawal rates on VA WB's? I would think they would be since you cannot surrender during a payout phase for the Immediate so the lack of liquidity you give up should go through as a higher payment to you (all things equal). Therefor...
by Oneanddone
Tue Oct 11, 2011 7:53 am
Forum: Personal Finance (Not Investing)
Topic: SPIA vs Variable Annuity with Lifetime WB
Replies: 5
Views: 1114

VA has potential to leave death benefit for heirs But don't you think that is remote? Bluemarlin and DDB, I'm going to go out on a limb with this one and make the assumption that you two are talking about two different things. You are both right. The death benefit of a deferred variable annuity con...
by Oneanddone
Tue Oct 11, 2011 2:45 am
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

Different points of view are a great thing, Mr. Don. The problem here is that you are claiming that factually correct information that I am posting is wrong. I wrote, "It is the minority of long term care that takes place in nursing homes." Your source says: "The study examined claims...
by Oneanddone
Mon Oct 10, 2011 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

Can someone please be of help to me? This is probably the third or fourth thread in which Don Robins has accused me of posting factually incorrect information. Each time, despite his accusations, he has refused to enlighten the board with the specifics of what is wrong with my post. If anybody agree...
by Oneanddone
Mon Oct 10, 2011 6:33 pm
Forum: Investing - Theory, News & General
Topic: Ameriprise employees sue firm for lousy 401k choices
Replies: 74
Views: 11253

Leonard, I'm not disagreeing with you. I'm only saying that you put more importance in it than I do.

I just haven't seen too many situations where the 401(k) would make the difference between someone taking the job or not taking the job.
by Oneanddone
Mon Oct 10, 2011 2:46 pm
Forum: Personal Consumer Issues
Topic: Do you have kid(s), or at least want to have kid(s)?
Replies: 273
Views: 16280

I've never met anyone who regretted having kids. http://www.sanemoms.com/journal/2008/3/9/ever-wish-youd-never-had-kids.html Read that thread and get back to me. PLENTY of parents regret having children and have no qualms making it known thanks to the anonymity of the internet. I read the first 8 o...
by Oneanddone
Mon Oct 10, 2011 2:39 pm
Forum: Personal Consumer Issues
Topic: Do you have kid(s), or at least want to have kid(s)?
Replies: 273
Views: 16280

2. Nobody has ever regretted having their kid. Type in "I wish I never had kids" into an internet search engine and you will see many, many websites with posts from people who wish they never had kids. Kinda like the 1970s Ann Landers survey (70% of respondents wrote her to tell her if th...
by Oneanddone
Mon Oct 10, 2011 1:59 pm
Forum: Personal Consumer Issues
Topic: Do you have kid(s), or at least want to have kid(s)?
Replies: 273
Views: 16280

That's fine if it is a dealbreaker. I was just asking. A woman who didn't want to have kids would have been a deal breaker for me just as would other things like you mentioned.

Any terminology differences on my part are based upon pure ignorance. I apologize for that.
by Oneanddone
Mon Oct 10, 2011 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust and LTC
Replies: 50
Views: 3086

The simple fact is, you are wrong at least as often as you are right. Mr. Don, I don't mind differences of opinion and I certainly don't mind being shown that I'm wrong. Differences of opinions when backed up with intelligent discourse allow all parties to learn. If I'm wrong about something, I wan...
by Oneanddone
Mon Oct 10, 2011 1:10 pm
Forum: Personal Consumer Issues
Topic: Do you have kid(s), or at least want to have kid(s)?
Replies: 273
Views: 16280

There are plenty of childfree couples out there (and the number is growing). There's no question about that. Because of what I do professionally, I get a peak into the behind the scenes lives of many couples. My experience has been that a large percentage of childless couples are not childless by c...
by Oneanddone
Mon Oct 10, 2011 12:31 pm
Forum: Investing - Theory, News & General
Topic: How to get out of a bad annuity ?
Replies: 9
Views: 1020

Now your question makes sense to me. Unfortunately, I don't know the answer.