Search found 669 matches

by FBN2014
Fri Nov 08, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Medicare enrollment tool
Replies: 1
Views: 209

Medicare enrollment tool

Medicare recently revamped their Part D plan finder tool which makes it more difficult to determine the total costs of any plan to include premiums and drug costs. I found another tool which takes the data from Medicare and reformats it to make it simple to determine total costs. You can also view t...
by FBN2014
Thu Nov 07, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for Your Best Retirement course
Replies: 0
Views: 249

Preparing for Your Best Retirement course

Is anyone here considering enrolling in the Preparing for Your Best Retirement online course from Wade Pfau's firm? Tonight is the last night to enroll.
by FBN2014
Tue Nov 05, 2019 7:19 am
Forum: Investing - Theory, News & General
Topic: Upcoming Nov. "Bogleheads on Investing" podcast guest is Eric Balchunas
Replies: 12
Views: 987

Re: Upcoming Nov. "Bogleheads on Investing" podcast guest is Eric Balchunas

What is the link to access all the podcasts that Rick has recorded?
by FBN2014
Mon Nov 04, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How should I structure this trust? (special needs child)
Replies: 7
Views: 572

Re: How should I structure this trust? (special needs child)

I have an autistic grandson so I understand the issues. You will need a special needs trust to supplement government benefits that your son will be eligible for in the event he cannot live independently or hold a job that pays a sufficient amount for living expenses. I would be extremely cautious ab...
by FBN2014
Mon Nov 04, 2019 9:46 am
Forum: US Chapters
Topic: Master Thread for RTP, North Carolina Bogleheads Chapter
Replies: 61
Views: 29078

Re: Master Thread for RTP, North Carolina Bogleheads Chapter

November meeting of RTP AAII group this Saturday. Bruce Johnstone from Fidelity will be speaking.
Details at http://aaiirtp.org/
by FBN2014
Fri Nov 01, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: 2019 Bogleheads Conference Notes
Replies: 21
Views: 3922

Re: 2019 Bogleheads Conference Notes

Are any other videos available from the 2019 conference?
by FBN2014
Fri Nov 01, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: Preparing for Your Best Retirement course
Replies: 8
Views: 1477

Preparing for Your Best Retirement course

Is anyone here considering enrolling in the Preparing for Your Best Retirement online course from Wade Pfau's firm?
by FBN2014
Fri Nov 01, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Haven't received email from Equifax about settlement
Replies: 5
Views: 605

Re: Haven't received email from Equifax about settlement

When Lehman went bust I got $14 after losing $30,000 in AAA Lehman bonds. I went to Chick-fil-A for lunch. I wouldn't take any credit monitoring from Equifax. What makes anyone believe they will now safeguard your financial records?
by FBN2014
Fri Nov 01, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: November 1 Health Insurance Time again
Replies: 4
Views: 435

Re: November 1 Health Insurance Time again

If your health is good you can use a short term policy from United Healthcare for up to 3 years. No serious pre-existing conditions allowed like diabetes, heart disease, cancer, etc.. It cuts out all the mandates from the ACA. Premiums and deductibles are reasonable. If you take any meds then I woul...
by FBN2014
Wed Oct 30, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Security Benefit Annuity
Replies: 5
Views: 424

Re: Security Benefit Annuity

Security Benefit has a Comdex rating of 55 which is horrible. Even if she turns on the income I would have real concerns as to whether this company will be able to meet it's contractual obligations in the future. I would have a securities attorney look at the contract and the illustrations that were...
by FBN2014
Thu Oct 24, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: What happens if Nursing Home Medicaid recipient inherits money?
Replies: 6
Views: 1085

Re: What happens if Nursing Home Medicaid recipient inherits money?

What happens if someone is a long-term nursing home resident, paid for by Medicaid, and they inherit money? Will Medicaid (which I guess means the state, as I understand Medicaid is a federal program that is state-administered) confiscate all (or most) of it? The person has social security income b...
by FBN2014
Thu Oct 24, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: ACA Open Enrollment With COBRA Ending
Replies: 17
Views: 1112

Re: ACA Open Enrollment With COBRA Ending

This is precisely it. Your health today has very little to do with the amount of things that can bankrupt you. Being hit by someone in an auto accident with no insurance or you being at fault and having no or low medical payments can bankrupt you rather easily. You can get a short term disaster pol...
by FBN2014
Tue Oct 15, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Annuity question(s)
Replies: 37
Views: 2575

Re: Inherited Annuity question(s)

My mother passed away and left me an annuity with Lincoln. Non-qualified, variable, already in distribution mode. Value is $750k, cash/cost basis/non taxable amount is $461k. 1) Should I cash out and be subject to NY and federal taxes to pay off my house, $520k left, 26 years at 4.2%? 2) Should I c...
by FBN2014
Thu Oct 10, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Inherited Annuity question(s)
Replies: 37
Views: 2575

Re: Inherited Annuity question(s)

My mother passed away and left me an annuity with Lincoln. Non-qualified, variable, already in distribution mode. Value is $750k, cash/cost basis/non taxable amount is $461k. 1) Should I cash out and be subject to NY and federal taxes to pay off my house, $520k left, 26 years at 4.2%? 2) Should I c...
by FBN2014
Thu Oct 10, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Inherited Annuity question(s)
Replies: 37
Views: 2575

Re: Inherited Annuity question(s)

My mother passed away and left me an annuity with Lincoln. Non-qualified, variable, already in distribution mode. Value is $750k, cash/cost basis/non taxable amount is $461k. 1) Should I cash out and be subject to NY and federal taxes to pay off my house, $520k left, 26 years at 4.2%? 2) Should I c...
by FBN2014
Fri Oct 04, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Short term health insurance
Replies: 3
Views: 234

Short term health insurance

My daughter is curious about getting a short term health insurance policy. She is between jobs and doesn't want to enroll in COBRA due to the high cost. Is anyone familiar with these policies? Do they comply with the ACA regulations? Are the benefits so skimpy that it's a waste of money? Which compa...
by FBN2014
Mon Sep 23, 2019 1:24 pm
Forum: Personal Investments
Topic: Rick Ferri Fixed Income Portfolio Funds
Replies: 48
Views: 11908

Re: Rick Ferri Fixed Income Portfolio Funds

I looked up the yields for the funds that Rick suggests. Here are the highest ones, all iShares funds: High Dividend Yield US Stock Fund DVY 3.43% High Dividend Yield International Stock Fund IDV 6.31% US Investment Grade Corporate Bond Fund IGIB 3.61% US Preferred Stock Fund PFF 5.59% Using Rick's ...
by FBN2014
Sat Sep 21, 2019 10:52 am
Forum: Personal Investments
Topic: Rick Ferri Fixed Income Portfolio Funds
Replies: 48
Views: 11908

Re: Rick Ferri Fixed Income Portfolio Funds

Clearly, there is more risk with PFFD than Treasury bonds. Preferred stocks are issued mainly by banks to capitalize their operations without exceeding debt limits or creating shareholder dilution. They will have more risk than bonds issued by the federal government. About 60% of PFFD dividends qua...
by FBN2014
Tue Sep 03, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Spendthrift Trustee; Bank&Trust or "professional fiduciary"
Replies: 26
Views: 2288

Re: Spendthrift Trustee; Bank&Trust or "professional fiduciary"

You may want to consider putting sobriety and drug testing provisions in your trust if you have not already considered this.
by FBN2014
Sun Sep 01, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4545

Re: Medicare Part D Plan - Input Needed

Per my previous posts I thought initially going with the cheapest part D plan and using GoodRx for the higher tier drugs would save money. Alas, I was wrong. After using the Medicare.gov drug plan tool, the overall cost for the reminder of the year is cheaper going with the more expensive plan. So t...
by FBN2014
Wed Aug 28, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4545

Re: Medicare Part D Plan - Input Needed

For Yellowjacket1: I found this article which I hope can help you in sorting this out. Perhaps if you contact this agency then they can assist you with picking a plan with good customer service. I am in no way affiliated with them BTW. Why Part D Will Drive You Nuts [link formatted by admin LadyGeek]
by FBN2014
Wed Aug 28, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4545

Re: Medicare Part D Plan - Input Needed

So I spoke to the pharmacists today at several pharmacies and they tell me that I can use the insurance or the GoodRx coupon. The only caveat is that prescriptions that are not processed through a Part D plan will not apply to donut hole costs which could end up increasing the overall out of pocket ...
by FBN2014
Tue Aug 27, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4545

Re: Medicare Part D Plan - Input Needed

Yes, you can switch plans every year during open enrollment using the Medicare website (which tells the old plan you've left). There is no medical underwriting for drug plans. I've never worried about ratings, unless it was to break a toss-up decision. Thank you. All of the meds that DW and I take ...
by FBN2014
Tue Aug 27, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4545

Re: Medicare Part D Plan - Input Needed

All of the meds that DW and I take are cheaper out of pocket than with our current prescription drug coverage. It is highly likely that when we reach age 65, if we don't select a Medicare Advantage plan with drug coverage, we'll go with a Medigap plan and the absolutely cheapest Plan D we can find....
by FBN2014
Tue Aug 27, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4545

Re: Medicare Part D Plan - Input Needed

Yes, you can switch plans every year during open enrollment using the Medicare website (which tells the old plan you've left). There is no medical underwriting for drug plans. I've never worried about ratings, unless it was to break a toss-up decision. Thank you. All of the meds that DW and I take ...
by FBN2014
Tue Aug 27, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4545

Re: Medicare Part D Plan - Input Needed

Our part D plan is with Aetna. We have had other part D plans in the past. Frankly we have found no significant correlation between our experience with customer service & the star ratings reported by Medicare. When we pick a plan, we go to the plan's web site and see how our meds are covered. Then ...
by FBN2014
Thu Aug 22, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else enjoy sitting around and doing little in retirement?
Replies: 70
Views: 8458

Re: Anybody else enjoy sitting around and doing little in retirement?

See if any colleges near you have an Osher Learning Center where you can take short term courses on virtually any topic that interests you for a small cost. Good way to keep your mind active so it doesn't deteriorate. Also join a health club to keep in shape. Planet Fitness cost me $10/month. The wi...
by FBN2014
Thu Aug 22, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Have you ever used a Power of Attorney for Health Care or Property (Financial) ? Tell me about it!
Replies: 23
Views: 1348

Re: Have you ever used a Power of Attorney for Health Care or Property (Financial) ? Tell me about it!

I had to use POA for health care when a decision was made to discontinue life support for my father. I also had a durable POA for finances but it was not needed since I was a co-trustee for his living trust, so I was able to act as a trustee. I believe this is a better way to go than having the dura...
by FBN2014
Mon Aug 12, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 24210

Re: Trust Services

I have yet to find a ST who is happy managing a mostly VTI portfolio, which I believe would require minimal effort. Have you been given any reasons why they would not do this? +1 robandjeanne, are you really saying that you can't imagine why anyone wouldn't be willing to serve as trustee for a 100%...
by FBN2014
Mon Aug 12, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 24210

Re: Trust Services

It seems to me there are a lot of snake oil salesman out there with respect to Trusts and particularly the idea of serving as Successor Trustee. FBN mentioned Portfolio Solutions, which seemed interesting but there appears to be a lot of portfolio solution groups out there, so I wondered which one ...
by FBN2014
Fri Aug 09, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Opinions of Direct Access Primary Care
Replies: 2
Views: 290

Opinions of Direct Access Primary Care

Do any Bogleheads have experience using a direct access primary care doctor. This is where you pay a monthly membership fee for unlimited office visits and low fees for lab work. Then you buy a high deductible health insurance plan in the event of hospitalization for serious illnesses. I am wonderin...
by FBN2014
Fri Aug 09, 2019 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage for Retirees
Replies: 28
Views: 2541

Re: Mortgage for seniors

You can get a reverse mortgage for purchase.
by FBN2014
Sat Aug 03, 2019 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Best Kid's Savings Account?
Replies: 5
Views: 957

Re: Best Kid's Savings Account?

Wealthfront has an online savings account paying 2.57%
by FBN2014
Fri Aug 02, 2019 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 24210

Re: Trust Services

They'll need a co-trustee if they ever want distributions other than health, maintenance, support and education (and it's generally not a good idea to let them withdraw for those purposes even though it's permissible since there's a risk of exposure to creditors and Medicaid). Not sure I understand...
by FBN2014
Fri Aug 02, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 24210

Re: Trust Services

Thanks for all the recent input. Has anyone actually selected a separate investor Trustee? We have a legacy RLT and are having difficulty finding a Successor Trustee who will invest new money in VTI. The one bank (out of 7) we thought was going to come through has recently suggested we use weasel w...
by FBN2014
Fri Aug 02, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 24210

Re: Trust Services

38 basis points, .38% And what does Schwab charge for administrative only? I believe it starts at 0.5% for full service including investment. Administrative Trustee Services Fee Schedule Fee Schedule* Marketable Securities First $3 million 40 basis points Next $1 million 35 basis points Next $1 mil...
by FBN2014
Fri Aug 02, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 24210

Re: Trust Services

38 basis points, .38%
by FBN2014
Thu Aug 01, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 24210

Re: Trust Services

Since there are companies that will serve as administrative trustee without managing investments, it is no longer necessary to find one that will do a simple index fund portfolio. You can hire your own investment manager who will do this. Or set it up so that one or more of the beneficiaries can do...
by FBN2014
Thu Jul 25, 2019 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 164
Views: 11671

Re: Why I don't think I should get long term care insurance right now

Is there anyway to contact you off this board? I tried to send a private message but you have disabled it. Thanks I've disabled private messages because I do not want to be accused of soliciting. Understood, can you point me to a third party website where I can get quotes for the partnership type p...
by FBN2014
Wed Jul 24, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 164
Views: 11671

Re: Why I don't think I should get long term care insurance right now

We just started looking at LTC insurance. The hard part is trying to figure out how much you need without becoming "insurance poor". The rates (2 different companies) have range from about $300 a month for both of us with a 3% inflation ryder, comes out to be about $100 a day coverage for 3 years. ...
by FBN2014
Wed Jul 24, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 164
Views: 11671

Re: Why I don't think I should get long term care insurance right now

We just started looking at LTC insurance. The hard part is trying to figure out how much you need without becoming "insurance poor". The rates (2 different companies) have range from about $300 a month for both of us with a 3% inflation ryder, comes out to be about $100 a day coverage for 3 years. ...
by FBN2014
Sun Jul 21, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: The skyrocketing cost of long term care and how to pay for it
Replies: 33
Views: 3388

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 FBN2014
Sun Jul 21, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: The skyrocketing cost of long term care and how to pay for it
Replies: 33
Views: 3388

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

My plan, which could be wrong, is to self insure for 5 years of long term care. If one of us needs a longer stay, I'm planning on Medicaid. I don't care if all of my money is gone, just as long as my spouse doesn't become impoverished. There are medicaid planning strategy's that should prevent this...
by FBN2014
Sun Jul 21, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: The skyrocketing cost of long term care and how to pay for it
Replies: 33
Views: 3388

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

We've had to manage this for a family member and it boils down to this: Find a facility who will take private pay for a set period of time, then guaranty that they will continue care, taking in continued streams of income (pension, social security, annuity payment). For said relative, we found such...
by FBN2014
Sat Jul 20, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 72
Views: 6479

Re: Take the cash or the free dinner?

Even doctors are getting in on the free dinner giveaway. We recently went to one pitching stem cell therapy and another for chronic pain treatment. The food was great and the pitch was done while we ate so it was a good use of my time. :happy :D
by FBN2014
Sat Jul 20, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Income below100% FPL-danger of ACA subsidy?
Replies: 41
Views: 3056

Re: Income below100% FPL-danger of ACA subsidy?

As stated previously, you are required to notify the exchange if you have a change in income so they will recalculate the subsidy. Below 100% FPL is supposed to go on Medicaid. Unless your state expanded Medicaid eligibility for your scenario then you don't qualify because Medicaid looks at both inc...
by FBN2014
Mon Jul 15, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 164
Views: 11671

Re: Why I don't think I should get long term care insurance right now

No way would I touch a Whole Life policy with a 10ft pole. It's amazing the life insurance industry has added another complication to these horrible products to dupe another generation of suckers into buying these horrible products. But they don't call them modified whole (or permanent, which is be...
by FBN2014
Mon Jul 15, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 164
Views: 11671

Re: Why I don't think I should get long term care insurance right now

The average need for long term care is about 3 years unless you have dementia or Alzheimer's. Then you could have a long term care need for up to 10 years. The three carriers that offer the hybrid model are One America, Nationwide, and Lincoln Financial. I believe the One America product is the most...
by FBN2014
Mon Jul 15, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 24210

Re: Trust Services

I'm getting estimates of 1% (seems all successor trustees got together) to be STs for "our" trust. Of the six candidate STs we've talked with, only one sounds like they wouldn't fight us on investing our portfolio in VTI. So 1% managing a Trust with a portfolio approaching 8 figures seems to be the...
by FBN2014
Mon Jul 01, 2019 3:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica
Replies: 85
Views: 10126

Re: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica

There is a variable annuity that IMO is better than Vanguard's or Fidelity's. It is one from Jefferson National which was recently acquired by Nationwide. There are 370 sub accounts but many of them have high ERs which I don't like. But they also have Vanguard and DFA low cost funds. There are no mo...