Search found 831 matches

by ChrisC
Tue Nov 12, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP over BCBS Basic for Feds?
Replies: 48
Views: 2101

Re: HDHP over BCBS Basic for Feds?

One thing I've observed the last few years in GEHA, whether its HDHP or Standard, is that the customer service is horrible, relative to the superior service I received from Aetna and BCBS in the past. Frequently, the information I received from GEHA representatives is wrong or subject to correction ...
by ChrisC
Tue Nov 12, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: HDHP over BCBS Basic for Feds?
Replies: 48
Views: 2101

Re: HDHP over BCBS Basic for Feds?

Are there any situations where BCBS Basic is better than GEHA HDHP? Car accident? Chronic medications? Hmmmm, I had BCBS Basic for many years until I switched over to Aetna HDHP in 2008, and then later GEHA HDHP in retirement in 2016; when we went on Medicare (Part A) in 2018 we switched over to GE...
by ChrisC
Tue Nov 12, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 99
Views: 9486

Re: Timeshare offer experience

100,000 Marriott points might get you 3 hotel nights in London,but probably 2.A mid level hotel is 35,000 points a night.Those 100,000 points do not cover much in terms of flights if you convert them. The points are worth $1,000. Whether that is worth the 90 min of timeshare pitching is up to you. ...
by ChrisC
Mon Nov 11, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 99
Views: 9486

Re: Timeshare offer experience

The place has long since closed (and gone into decay, I think) after several changes of ownership. I wonder what happened to all the time-shares that were sold? Does anybody know? I do recall the Playboy Great Gorge, NJ, timeshare fiasco. Lipstick on a pig is still a pig. Your guess is as good as m...
by ChrisC
Mon Nov 04, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Roth conversion taxes with HSA funds?
Replies: 27
Views: 1962

Re: Pay Roth conversion taxes with HSA funds?

Thinking about this some more, the OP is too focused on taxes paid on the money he's using rather than his overall tax picture. In investing, we talk about realized vs. unrealized gains. Similarly, we can talk about realized vs. unrealized taxes. The OP want to use the HSA money because the realize...
by ChrisC
Sun Nov 03, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 99
Views: 9486

Re: Timeshare offer experience

I own three Marriott timeshare weeks. One is around the corner from us where we live and I get to use the resort every day I want to work out. I have another in Aruba and a third in Las Vegas. I would never, ever buy destinations points. We trade through Interval almost every year and get to go to ...
by ChrisC
Fri Nov 01, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 99
Views: 9486

Re: Timeshare offer experience

For Marriott / Vistana timeshares specifically, I have read that if you buy a unit on the resale market it does not come with the ability to convert into annual Marriott points. I am curious if anyone has bought a resale property and was subsequently offered the points conversion feature? How much ...
by ChrisC
Fri Nov 01, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 99
Views: 9486

Re: Timeshare offer experience

Lowest price I was offered was $19k for a studio every other year. Plus annual maintenance. The resale offer is actually not a bad deal, if you were going to go to the resort regularly anyway and needed the space. $3,000 in maintenance fees divided by seven nights is $428/night. A two bedroom unit ...
by ChrisC
Thu Oct 31, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare offer experience
Replies: 99
Views: 9486

Re: Timeshare offer experience

Of course we didn’t buy a timeshare, but something interesting we were presented with at the very end was the following offer to return and do it all over again: 1. Another 5 nights at the same hotel anytime in the next two years 2. 100,000 Marriott points (worth $800-$1,000) 3. Another mandatory t...
by ChrisC
Mon Oct 28, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Help Dad do estate planning math and make adjustments
Replies: 45
Views: 2595

Re: Help Dad do estate planning math and make adjustments

Daughter #1's explanation is difficult to understand and it seems it is searching for a logical reason to justify a patently unfair distribution from one parent -- at least it seems unfair from the standpoint of the father who appears to want to make things right. Nonetheless, I'd tread very careful...
by ChrisC
Fri Oct 25, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Entrance Fee for Retirement Community
Replies: 39
Views: 5023

Re: Entrance Fee for Retirement Community

That's one of the primary reasons we are going to put down a deposit on a CRCC. If we wait until we need assisted living or comprehensive care, it is unlikely that we would be accepted into the nice nearby CRCCs that we could tolerate living in. So, it is better to come in to independent living whe...
by ChrisC
Tue Oct 22, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Entrance Fee for Retirement Community
Replies: 39
Views: 5023

Re: Entrance Fee for Retirement Community

.......We see detached villas, etc, as a big drawback especially in winter here in NE. We find ourselves going from our apt to an event or group, or the evening dinner, several times a day. Would not want to have to get dressed for the weather each time......So we insisted on the "one building" ver...
by ChrisC
Sun Oct 20, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8483

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

My point is that the 1031 addendum request was withheld until after terms were agreed so that seller wouldn’t have the leverage of knowing that the buyer has a tight timeline, and likely large cap gains deferred. Nothing illegal or even unethical, but none the less information on the buyer’s motiva...
by ChrisC
Sat Oct 19, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8483

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

RM and Ruby Tuesday, you both misunderstand. At this juncture, it’s pointless trying to correct your misunderstandings. Have a good day.
by ChrisC
Sat Oct 19, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8483

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

How are you supposed to know why the buyer is buying, or what other transactions he/she has or will have? I thought the specifics of the property itself (price, income, whatever) were what was need, so the buyer is documenting the similarity/etc., of the properties (the one the buyer is selling as ...
by ChrisC
Sat Oct 19, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8483

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

I don't understand the negative attitude towards the seller. It was not something that he/she was familiar with and while a 1031 exchange is not uncommon, it is not exactly common either. I have heard of it but I do not know the details. Why is it not prudent for the seller to talk to his/her attor...
by ChrisC
Sat Oct 19, 2019 8:01 am
Forum: Personal Finance (Not Investing)
Topic: sibling and revocable living trust
Replies: 15
Views: 1618

Re: sibling and revocable living trust

I visited with him a year ago and several other times in the past ten years, offered my assistance and tried to help him with a number of issues he is having. He promised to take my suggestions but never acts upon them. I am at a loss in how to help him out. I offered to stop out again for at least...
by ChrisC
Sat Oct 19, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8483

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

I am a lawyer with an LLM in tax. While I can’t give you legal advice, I can give you a suggestion: don’t bother hiring a tax lawyer for this on the sale side. Like others have said, it’s really just an acknowledgement form the buyer needs in case there is ever an audit by the IRS for the purchase ...
by ChrisC
Sun Oct 06, 2019 4:19 pm
Forum: Personal Investments
Topic: Family Finances
Replies: 18
Views: 3117

Re: Family Finances

Speak with social security about applying for disability immediately. I know that you hear about it taking a long time to get disability. But anecdotally, I have known several people who received their disability ruling in just a few months when they had the type of devastating news that your wife ...
by ChrisC
Sat Oct 05, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: Buying Home with Aging Parent in Mind?
Replies: 13
Views: 1451

Re: Buying Home with Aging Parent in Mind?

I originally conducted a home search looking exclusively into homes with at least one bedroom and a full bathroom on the first floor. I am looking in a town with an excellent school district (thus I am also feeling torn between wanting a good education for kids and accommodating potential future pa...
by ChrisC
Thu Oct 03, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 418
Views: 62257

Re: Improving the TSP [for current participants]

It was just a guess on my part. The TSP is WAY behind commercial financial institutions like Vanguard because their mandate is to keep costs as low as possible in lieu of a super sophisticated customer service program. If it is anything like other government database programs that I have worked wit...
by ChrisC
Thu Oct 03, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 418
Views: 62257

Re: Improving the TSP [for current participants]

Please note that the requirement to have spouse sign the TSP withdrawal form applies to FERS and military accounts, but not to CSRS accounts. The signature requirement is part of the FERS law, so yes, it would take an act of Congress to change that. CSRS spouses receive notification. The above is t...
by ChrisC
Wed Oct 02, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 418
Views: 62257

Re: Improving the TSP [for current participants]

A North Carolina resident who had more than 5 years of federal service before 1989 (Bailey decision) is in a situation where TSP withdrawals are not taxed but IRA withdrawals are taxed . Are there any other situations where TSP withdrawals differently than IRA withdrawals? One non-TSP alternative t...
by ChrisC
Sun Sep 29, 2019 10:57 am
Forum: Investing - Theory, News & General
Topic: How much cash do you keep in your HSA?
Replies: 63
Views: 4803

Re: How much cash do you keep in your HSA?

We’re no longer contributing to our HSA, as we’re on Medicare. Wife and I have been retired the last 6 years. I have around $70k in unreimbursed medical and dental expenses. Since retirement, I’ve kept a cash balance of around $5k to pay for recurring LTC premiums and for reimbursing some old medica...
by ChrisC
Fri Sep 27, 2019 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Considerations for transfer ownership of house to irrevocable trust?
Replies: 14
Views: 1241

Re: Considerations for transfer ownership of house to irrevocable trust?

Hmmmmm, sounds like overkill to place the house in an irrevocable trust (just to place assets outside of the control of the owner) when other less restrictive measures might have been available -- sure some creative lawyer could have thought of something. If this is a non grantor, irrevocable trust,...
by ChrisC
Fri Sep 20, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance for Retirees
Replies: 62
Views: 4908

Re: Dental Insurance for Retirees

I have retiree dental insurance through my employer that I previously had when working, and it has exceptional coverage and it's cheap (now at $27 per month) for my wife and me. (When I was working, it covered my entire family, including orthodontic treatments for my children). My wife and I each ha...
by ChrisC
Sat Sep 07, 2019 3:54 pm
Forum: Personal Consumer Issues
Topic: Best college towns in the Southeastern US for retirees?
Replies: 80
Views: 8901

Re: Best college towns in the Southeastern US for retirees?

After we eliminated Raleigh and Durham from consideration, we looked at Belmont, NC, home of the Belmont Abbey. We really liked the town but it never made the final list. For us, we were wondering if we could get over some of the cultural aspects of the area. We felt that if we were going to reloca...
by ChrisC
Sat Sep 07, 2019 3:14 pm
Forum: Personal Consumer Issues
Topic: Best college towns in the Southeastern US for retirees?
Replies: 80
Views: 8901

Re: Best college towns in the Southeastern US for retirees?

Curious, what is it about college towns that interests you? I was thinking the same thing because when we first starting looking for a retirement location we thought about college towns. We've had personal experiences with great college towns, Charlottesville, VA and Ithaca NY. We looked at Chapel ...
by ChrisC
Fri Sep 06, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 125
Views: 9576

Re: Federal Employee Burn or Sick Leave [before retirement]

I used S/L when I needed, over a long Fed career. By the time I retired at 62, I had 1 year, 2 months and 19 days S/L credit added to my FERS retirement. Like delaying SS, it's a longevity play, except should I (likely) pre-decease my spouse, it adds to her survivor benefit over the rest of her lif...
by ChrisC
Sun Sep 01, 2019 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19441

Re: Selective Colleges

Even a cursory internet search of some selective public schools would reveal a number of academic merit scholarships that would award full scholarships to students whose parents are in the top 1% income bracket. UNC-Chapel Hill has Morehead Scholars and UVa has Jefferson Scholars — highly competitiv...
by ChrisC
Mon Aug 19, 2019 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19441

Re: Selective Colleges

You are right, of course, that "soft skills" matter: grit, teamwork, creative and critical thinking, etc. But I don't quite buy that colleges are actually any good at teaching these things - certainly not enough to justify the current price tag. I'd still send my kid to college even if it were just...
by ChrisC
Sat Aug 17, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 108
Views: 11812

Re: Do Bogleheads plan to utilize Independent Living facilities?

We came to the conclusion that we didn't want to deliberately live among a bunch of old white rich people. (We currently live in an eclectic urban neighborhood with sidewalks to neighborhood restaurants and brewpubs, where we are quite possibly the only people without turquoise hair and tats, and w...
by ChrisC
Thu Aug 15, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 16165

Re: Long-Term Care Decision

However there is one subset of wealthy people who clearly shouldn't buy LTC: As TomatoTomahto said in one of the LTC threads (maybe it's this one, but I haven't checked), if you plan to live large in retirement, LTC expenses might actually be cheaper than your regular discretionary expenses. People...
by ChrisC
Thu Aug 15, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 16165

Re: Long-Term Care Decision

2a. Could it objectively (i.e. not emotionally) make financial sense for a retiree or retired couple to purchase LTCi when they can self-insure and, if so, why? As I've said, at least twice in this thread, it might make financial sense (aside from emotional or logistical reasons) for some (like me,...
by ChrisC
Tue Aug 13, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 16165

Re: Long-Term Care Decision

Cognovimus, Stop it. Stop worrying that every bad possibility will happen (did I miss World War Z) 4 million and social security more than makes this work. Self fund long term care. Done. Bear ps. I have this conversation with my self on a too regular basis. Not that the numbers change, just a litt...
by ChrisC
Sun Aug 11, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 16165

Re: Long-Term Care Decision

There's not much insurance in it. If you didn't buy the insurance, the $5,000 a year would probably grow to about $200,000 in 30 years. The risk isn't that you'll need $300,000 worth of care when you're in your late 80s or 90s. The risk is that something happens for which you'll need care for 10 or...
by ChrisC
Mon Aug 05, 2019 1:40 am
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 16165

Re: Long-Term Care Decision

Umbrella policies do not require collision insurance. Do you know what I mean by collusion insurance? I assume you meant collision not collusion. I guess umbrella covers you regardless of whether you have collision or not, but whatever, you still haven’t answered “at what NW level one can self insu...
by ChrisC
Sat Aug 03, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 16165

Re: Long-Term Care Decision

One of the reasons we went with LTCi was that we didn't want the surviving spouse or other family members to be scrambling around (or muddling through finances for caregiving) for LTC. It's the same factor that's motivating us to seriously consider CCRCs (and we're on the long wait list for one now...
by ChrisC
Sat Aug 03, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 16165

Re: Long-Term Care Decision

And even if you can "self-insure," I didn't want my wife or children scrambling around to figure out which income streams to tap or to balance tax management issues with draw downs from retirement accounts. An accountant would be far cheaper than LTCi for that purpose. It’s not the money that moves...
by ChrisC
Sat Aug 03, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 16165

Re: Long-Term Care Decision

Also, the likelihood of one spouse blowing through the entire $1.2 million on LTC is extremely low. "Sweetheart, we don't need long-term care insurance. If you spend most of our retirement savings paying for my care, you'll still have whatever's left over. You'll muddle through somehow after I'm go...
by ChrisC
Sat Aug 03, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 125
Views: 9576

Re: Federal Employee Burn or Sick Leave [before retirement]

From what I gather from this post is that it's best to use sick leave when you can for legitimate purposes and not to use it for non legitimate purposes since it serves as a disability insurance. Is that correct? That would be my take on this thread and it comports with my experience over many year...
by ChrisC
Thu Aug 01, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Decision
Replies: 330
Views: 16165

Re: Long-Term Care Decision

Also, the likelihood of one spouse blowing through the entire $1.2 million on LTC is extremely low. "Sweetheart, we don't need long-term care insurance. If you spend most of our retirement savings paying for my care, you'll still have whatever's left over. You'll muddle through somehow after I'm go...
by ChrisC
Wed Jul 31, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: 1031 Exchange Question
Replies: 4
Views: 369

Re: 1031 Exchange Question

Sounds very creative and I couldn't detect any major flaws except as indicated below on transactions with "related parties." You should seem the advice of a good 1031 exchange intermediary. We did a 1031 exchange a few years ago and the exchange intermediary was invaluable in the process; the replac...
by ChrisC
Fri Jul 26, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone ever used the 60 day rollover from their IRA?
Replies: 22
Views: 1297

Re: Has anyone ever used the 60 day rollover from their IRA?

We have friends who purchased a house for their daughter; paid cash initially for the house that they received from taking $400K from their tIRA account at Vanguard; then borrowed against the house (might have been a purchase money mortage or a home equity loan -- don't know the details of this fina...
by ChrisC
Sun Jul 21, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: The skyrocketing cost of long term care and how to pay for it
Replies: 33
Views: 3409

Re: The skyrocketing cost of long term care and how to pay for it

FBN2014 wrote:
Sun Jul 21, 2019 8:11 am

Which company sponsors LTCi for the federal government?
John Hancock.

https://www.ltcfeds.com/about/index.html
by ChrisC
Sun Jul 21, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: The skyrocketing cost of long term care and how to pay for it
Replies: 33
Views: 3409

Re: The skyrocketing cost of long term care and how to pay for it

I bought into the Federal employee long term care insurance program at age 50; I'm 58 now. Although the premiums aren't subsidized, they still seem to be very reasonably priced. Rates are a function of age when you enroll and benefits you select. The program is open not only to federal employees bu...
by ChrisC
Sat Jul 20, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 72
Views: 6534

Re: Take the cash or the free dinner?

I've been a subject to all sorts of pitches and studies -- timeshares, annuities, estate planning, financial planning, research studies, various focus groups, online surveys, and Nielsen monitoring -- over the years. In many cases, we learn something new and enjoy the free stuff, though over the yea...
by ChrisC
Sat Jul 20, 2019 10:29 am
Forum: Investing - Theory, News & General
Topic: TSP 3-Funds or TSP Target Date Fund?
Replies: 67
Views: 4323

Re: TSP 3-Funds or TSP Target Date Fund?

Why do most people hold a 3 or 4 Fund portfolio in their retirement account and not a target date fund? Is it the higher fees for target date funds? Or other factors? tomwood: I can't (and won't) speak for "most people", but I can tell you the multiple reasons why we DW and I don't use lifecycle/ta...
by ChrisC
Thu Jul 18, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Father Passed Away: Now responsible for mother's finances
Replies: 8
Views: 1801

Re: Father Passed Away: Now responsible for mother's finances

Thanks for the helpful replies. With regard to the conservator: my father was not capable of caring for my mom, but was not willing to seek out care. So my sister and I sought guardianship so she could receive care for her dementia. My father was very attached to money, and the primary reason for n...