Search found 2024 matches

by drawpoker
Fri Sep 21, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Using Medicare Consultant that is Paid by the Insurers
Replies: 25
Views: 1329

Re: Thoughts on Using Medicare Consultant that is Paid by the Insurers

This is a peculiarity of Massachusetts. If I understood him correctly, Mass doesn't have "Plan F" - it has something called "Supplemental 1 Plan", which is similar. This is a topic I don't understand yet, so I need to investigate further. If Plan F = Supp 1, then yes, he does recommend it. He menti...
by drawpoker
Fri Sep 21, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 139
Views: 8881

Re: Physical Banking - Any benefits anymore?

blevine wrote:
Fri Sep 21, 2018 1:22 pm
EnjoyIt wrote:
Thu Sep 20, 2018 11:39 am
With that option I get a free safety despot box.

I’ve always wanted one of those....
Me too. Have a relative or two I would love to put in.
by drawpoker
Fri Sep 21, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 4037

Re: Reverse Mortgages - Pros, Cons

Research? You call this research?

Never heard of this guy so I read thru the link. Guess what, gee, in order to learn the secrets of reverse mortgages, you hafta

Buy His Book!

What a load of baloney. :P :P :P
by drawpoker
Fri Sep 21, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 139
Views: 8881

Re: Physical Banking - Any benefits anymore?

nice lady greeted me on my way in to make a deposit, and observing that there was already two people in line, invited me to sit in her cubicle while she had an associate hand-carry my deposit to an unstaffed teller station to be processed. I was feeling pretty special that I didn't have to wait in ...
by drawpoker
Fri Sep 21, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 139
Views: 8881

Re: Physical Banking - Any benefits anymore?

In addition to VG, TRowePrice required one for me as personal representative of an estate to dissolve a trust and distribute assets to beneficiary. Fidelity required one when I wanted to set up electronic bank transfer to sell shares. Another time I was transferring IRA funds from one custodian or a...
by drawpoker
Fri Sep 21, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Using Medicare Consultant that is Paid by the Insurers
Replies: 25
Views: 1329

Re: Thoughts on Using Medicare Consultant that is Paid by the Insurers

What I am trying to understand - what was this guy doing making his pitch at your law firm?

Is there a large no. of the staff at this firm that is approaching Medicare age?
by drawpoker
Fri Sep 21, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Best Way to Apply for Social Security Widow Benefits and More
Replies: 15
Views: 1313

Re: Best Way to Apply for Social Security Widow Benefits and More

Well, if you say it wasn't you, you are probably right. It must have been the other guy here who is also the acknowledged expert on SSA matters and declines to post anymore on the public forums. He uses p.m. to contact forum members on SSA questions/issues. Now I can't remember his user name :oops: ...
by drawpoker
Fri Sep 21, 2018 1:20 am
Forum: Personal Finance (Not Investing)
Topic: How to handle huge medicare/medicaid premium increases at age 65?
Replies: 19
Views: 3576

Re: How to handle huge medicare/medicaid premium increases at age 65?

Apply for a Medicare Savings Program.If she makes less than 1012.00 monthly and less than than 7,560 in assets she will qualify for..... That is the problem. OP posted she has around $20,000 or $30,000 in assets now. Relatives are helping her with room and board and living expenses so that sum will...
by drawpoker
Fri Sep 21, 2018 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Best Way to Apply for Social Security Widow Benefits and More
Replies: 15
Views: 1313

Re: Best Way to Apply for Social Security Widow Benefits and More

You cannot apply online for widow's benefits, you have to go into the office in person. I don't believe this is true. What happened to the telephone appointments? That is how I applied for mine (widow's benefit) in 2009. When I made the appointment they told me to mail them the death certificate, m...
by drawpoker
Fri Sep 21, 2018 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Best Way to Apply for Social Security Widow Benefits and More
Replies: 15
Views: 1313

Re: Best Way to Apply for Social Security Widow Benefits and More

The OP IS eligible now for a survivor’s benefit, not a spousal benefit. She would receive either a survivor benefit based on her husband’s record or a benefit based on her own work record. Will chime in here to correct this. Before OblivousInvestor beats me to it. (As he is the one who corrected me...
by drawpoker
Thu Sep 20, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: auto/home insurance rates
Replies: 19
Views: 1657

Re: auto/home insurance rates

.....Maybe it is because I haven't made any claims for any reasons? Any claims I would have made would have been lower than the high deductibles I keep. I didn't have any claims either but SnakeFarm tried to pull their stunts on me. Over 40 years continuous on auto, 21 years on H.O. Just how high a...
by drawpoker
Thu Sep 20, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle huge medicare/medicaid premium increases at age 65?
Replies: 19
Views: 3576

Re: How to handle huge medicare/medicaid premium increases at age 65?

Be careful here. A word of caution: Your Plan #3 might possibly be later viewed as fraud, falsely listing Mother as a bona-fide employee when she actually did not perform the work described. You might be prosecuted if it looked like you did this solely for the purpose of establishing eligibility for...
by drawpoker
Thu Sep 20, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way to Apply for Social Security Widow Benefits and More
Replies: 15
Views: 1313

Re: Best Way to Apply for Social Security Widow Benefits and More

Condolences on the passing of your husband.

If you know what your benefit amount is at your FRA, and your FRA is 66, it is easy to compute what it would be by waiting to age 70.

Just add 32%.
by drawpoker
Thu Sep 20, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed access for Medigap policies
Replies: 29
Views: 1833

Re: Guaranteed access for Medigap policies

[ ...... And we all know I hate Medicare Advantage ! [/quote] Yes. The consensus among most BHs is Medigap lets you sleep better at night. But look on the bright side. The gumbmint keeps dumping more money every year to subsidize the insurers with their MA plans. Even tho the majority of sr. citize...
by drawpoker
Thu Sep 20, 2018 3:45 pm
Forum: Personal Consumer Issues
Topic: auto/home insurance rates
Replies: 19
Views: 1657

Re: auto/home insurance rates

"Price optimization"...I learned this game about 5 years ago; insurance companies are masters at it and why we have to regularly shop rates. It's illegal in some states..... Yes. But they are cunning about it, hiding their tracks, managing to stay under the radar of the regulators. For ex: SnakeFar...
by drawpoker
Wed Sep 19, 2018 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 139
Views: 8881

Re: Physical Banking - Any benefits anymore?

A small amount of money should be there in a local nearby bank, earning zero.nothing, do that when a natural disasters strikes , you could draw out some cash. Some would argue to use debit card for this, but would have to use a for a lot of time to draw the amount needed. Yes, I have just one of th...
by drawpoker
Wed Sep 19, 2018 11:14 pm
Forum: Personal Consumer Issues
Topic: Medicare - Extrahelp question
Replies: 4
Views: 579

Re: Medicare - Extrahelp question

My parents are qualified for Medicare - Extra Help. It says they will need to pay minimal for prescription drugs. Does anyone has any idea what about hospital/dental expense? Was the letter they got notifying them they qualify for Extra Help the purple letter? This is important as this is the one t...
by drawpoker
Wed Sep 19, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 139
Views: 8881

Re: Physical Banking - Any benefits anymore?

There are several brick and mortar banks in our area that have closed. Suntrust closed 2. That should say something. :happy Suntrust bank seems to be run by imbeciles. At least their RE Dept seems to be staffed with half wits. It is going on five years now since they closed their branch in this tow...
by drawpoker
Wed Sep 19, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: social security disability
Replies: 13
Views: 1247

Re: social security disability

Definitely help him get lined up with a good attorney who does these social security disability cases.

It is a well-known fact that people must have an attorney to help them navigate this successfully. This is not a DIY project.

Good luck.
by drawpoker
Wed Sep 19, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 4037

Re: Reverse Mortgages - Pros, Cons

Watty wrote:
Wed Sep 19, 2018 8:11 pm
The problem is that the original poster is apparently in his or her 60's ..............
Yellowjacket1 has posted in other threads he is a male age 62.
by drawpoker
Wed Sep 19, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 139
Views: 8881

Re: Physical Banking - Any benefits anymore?

Well, leseeee 1. They have free lollipops at the counter. 2. If you ask, they will give me a free ball point pen, no need to steal it. 3. If I tire while out for a walk on a hot day I can go inside the lobby and sit in the A/C. 4. Not as good as the mall, but can sit on the bench outside and people ...
by drawpoker
Wed Sep 19, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4875

Re: Elderly parents are in debt - Need advice

Please consult a qualified elder care attorney in the state of your parents' residence. A 15-minute quick consult might even be free as these attorneys expect, because of the complexity of the laws, to obtain a new client. As others have posted, it is imperative you make no moves on your own until y...
by drawpoker
Wed Sep 19, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 4037

Re: Reverse Mortgages - Pros, Cons

There are several troubling things here. Presumably, your F.A. knows your age to be 62, right? That is awfully young to be taking out a reverse mortgage. In fact, one of the arguments against it at that age is you could conceivably use up all the money available (you can't borrow more than 80% again...
by drawpoker
Wed Sep 19, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed access for Medigap policies
Replies: 29
Views: 1833

Re: Guaranteed access for Medigap policies

......happy with our Humana Medicare Advantage PPO, through my retiree benefits........A question, though. Suppose I am rocking along, and my retiree insurance is no longer offered. Do people get a "fresh start" so to speak if they experience a change such as losing retiree insurance? IOW, would a ...
by drawpoker
Tue Sep 18, 2018 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9579

Re: Delaying Social Security Until 70

.....six weeks from today, I will claim my age 70 retirement benefits with 48 DRCs......I am still working a full time job, and plan to do so for several years more. Congrats to you! You got it right, and will reap the benefits. However, you do realize, don't you, that your case is not typical. It ...
by drawpoker
Tue Sep 18, 2018 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed access for Medigap policies
Replies: 29
Views: 1833

Re: Guaranteed access for Medigap policies

Good points. Compounding the problem, there is a real shortage of PCP docs in many areas of the country. Those few going into that field of medicine can afford to be picky, declining Medicare patients in favor of banking on those patients with "better" insurance. In my area, it is not just a Medicar...
by drawpoker
Tue Sep 18, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Dad Died - Handling Mom's Finances
Replies: 17
Views: 2421

Re: Dad Died - Handling Mom's Finances

Speaking of my mom's expenditures, I have no idea what it is in the aftermath of my dad's passing and I'm sure she doesn't either. She'll be medicaid eligible at 65 (I believe). How do I calculate what her medical expenses will be on a year to year basis? You don't mean medicaid. You mean " Medicar...
by drawpoker
Tue Sep 18, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Dad Died - Handling Mom's Finances
Replies: 17
Views: 2421

Re: Dad Died - Handling Mom's Finances

Correction, the $255 death benefit is available to anyone who had covered social security earnings. You do not have to have been drawing social security already. You just have to die and your surviving spouse gets it. Your mom can start drawing a spousal benefit on her deceased husband when she turn...
by drawpoker
Tue Sep 18, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: retroactive change to State Retirement plan illegal?
Replies: 17
Views: 2040

Re: retroactive change to State Retirement plan illegal?

.....still in the appeal process and for sharing the link from the law firm representing the plaintiffs in this case - I will contact them if I do not receive a satisfactory answer to my request from the State Treasurer’s Office. I agree, the law firm should no doubt have much deeper insight into t...
by drawpoker
Tue Sep 18, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 4037

Re: Reverse Mortgages - Pros, Cons

Yes, more details needed. I think the consensus of the last thread we had hashing this out - a reverse mortgage is a last resort, the kind of thing to be considered only if all other possible sources of funds are exhausted. Of the many reasons, high on the list is the obscenely high fees these type ...
by drawpoker
Tue Sep 18, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance...Social Security also pays?
Replies: 25
Views: 1551

Re: Life Insurance...Social Security also pays?

Annual reporting is no longer required if the representative payee is the parent or legal guardian of recipient. This changed with the passage of H.R. 4547 back in April of this year. Also, as far as I understand it, saving the benefits in a UTMA or 529 titled in the minor's name has always been al...
by drawpoker
Tue Sep 18, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance...Social Security also pays?
Replies: 25
Views: 1551

Re: Life Insurance...Social Security also pays?

No more survivor benefit for the wife. I believe kids -who receive separate benefits - continue receiving. Of course the kids continue, no one said otherwise. dm200 thought surviving parents could re-marry before age 60 and continue to keep the widow/widower check, just as long as they didn't allow...
by drawpoker
Tue Sep 18, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed access for Medigap policies
Replies: 29
Views: 1833

Re: Guaranteed access for Medigap policies

Here's the correct page from Medicare.gov to address this. You have to click on each item to expand the text on the page/ ___________________________________________________________________________________________________________ expandYou have Original Medicare and a Medicare SELECT policy. You mov...
by drawpoker
Tue Sep 18, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance...Social Security also pays?
Replies: 25
Views: 1551

Re: Life Insurance...Social Security also pays?

Yes, the SSA website has the answer. And experience. Quote: " As a widow or widower, you cannot get survivor benefits if you remarry before the age of 60 (unless that marriage ends)." Got it? Right - for the widow or widower. The question is the children of the deceased who can get benefits to age ...
by drawpoker
Tue Sep 18, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance...Social Security also pays?
Replies: 25
Views: 1551

Re: Life Insurance...Social Security also pays?

Yes, the SSA website has the answer. And experience.

Quote:

"As a widow or widower, you cannot get survivor benefits if you remarry before the age of 60 (unless that marriage ends)."

Got it?
by drawpoker
Tue Sep 18, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 4037

Re: Reverse Mortgages - Pros, Cons

Yowza. You are opening up can of worms here.

There has been a ton of threads about reverse mortgages here. Do a search, start reading.

You will get an earful. :shock: :shock: :shock: :shock: :shock:
by drawpoker
Tue Sep 18, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed access for Medigap policies
Replies: 29
Views: 1833

Re: Guaranteed access for Medigap policies

.... can try an Advantage plan for up to one year without affecting the ability to get a Medigap plan. Not true. Anyone leaving a MA plan and wishing to go to Medigap is unable to purchase Plan G (the second most popular) or Plan N. They are both closed off by law, look it up on the Medicare dot go...
by drawpoker
Tue Sep 18, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed access for Medigap policies
Replies: 29
Views: 1833

Re: Guaranteed access for Medigap policies

You're lumping together a whole lot of different issues here. New York state observes year round open enrollment. It is also one of the 9 states that require Medigap insurers to use the community rating method of selling Medigap policies (that means everyone pays the same, a healthy 65 year old just...
by drawpoker
Tue Sep 18, 2018 6:28 pm
Forum: Personal Consumer Issues
Topic: Fixing diamond ring
Replies: 19
Views: 1451

Re: Fixing diamond ring

Call the biggest and most established jewelers in your area and ask for appt for cleaning and inspection. Don't tell them the stone is already loose in the setting, just that you want a professional cleaning while U wait. Make it clear no drop offs. Let this be a lesson to you and wife. Diamond ring...
by drawpoker
Tue Sep 18, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance...Social Security also pays?
Replies: 25
Views: 1551

Re: Life Insurance...Social Security also pays?

Well, if the surviving parent remarries, then they are no longer eligible for benefits, either.

So everyone is out of the picture.
by drawpoker
Tue Sep 18, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance...Social Security also pays?
Replies: 25
Views: 1551

Re: Life Insurance...Social Security also pays?

Yes, that is the way it works. It is not permanent, SSA will evaluate the earnings year by year and make adjustments if some years the beneficiary goes over, other years does not. Since SSA benefits are not taxable many young widows with young children find it advantageous to work just part-time. Br...
by drawpoker
Tue Sep 18, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance...Social Security also pays?
Replies: 25
Views: 1551

Re: Life Insurance...Social Security also pays?

Also, if your wife decides to work, she would be under the earnings test for beneficiaries younger than retirement age so her survivors benefit would be reduced if she goes over the annual earnings limit. Currently, $17,040
by drawpoker
Tue Sep 18, 2018 3:01 pm
Forum: Personal Consumer Issues
Topic: Negotiate Washington Post Subscription
Replies: 15
Views: 1738

Re: Negotiate Washington Post Subscription

I'm seeing that offer here: https://subscribe.washingtonpost.com/acqr/?destination=https://www.washingtonpost.com&nid=top_pb_subscribe&oscode=RPWH&promo=o4#/offers/promo/o4/oscode/RPW5?destination=https:%2F%2Fwww.washingtonpost.com&nid=top_pb_subscribe That link is not accurate. When I enter my zip...
by drawpoker
Tue Sep 18, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: Negotiate Washington Post Subscription
Replies: 15
Views: 1738

Re: Negotiate Washington Post Subscription

It must be different if you actually live in Wash or burbs. Here in the boondocks (Eastern shore) I paid $143 for a one year intro new subscriber price for 7 day a week home delivery. At the end of the year, they tried to up me to regular price (around $480 as I recall). I emailed them, pleading pov...
by drawpoker
Tue Sep 18, 2018 12:57 am
Forum: Personal Finance (Not Investing)
Topic: BofA - Am I Shadow-Loaning to Them?
Replies: 9
Views: 888

Re: BofA - Am I Shadow-Loaning to Them?

.....once upon a time, savings deposits were used to fund loans that banks loaned out, i.e. pay 2% interest on the savings, loan it out at 4.5%, make money on the spread.... You have it a little mixed up. The actual economic doctrine is that well-known, time-honored, indisputable tradition, otherwi...
by drawpoker
Tue Sep 18, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5507

Re: 38% pay cut for dream job?

.....don't think the world is as bad as you think it is. Your earlier post about the world not being as safe as it was 20 or 30 years ago really rang false to me....it seems to me the world is probably safer than it was then...... Huh? What wazthat? You can un-ring that bell that really rang for yo...
by drawpoker
Mon Sep 17, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: retroactive change to State Retirement plan illegal?
Replies: 17
Views: 2040

Re: retroactive change to State Retirement plan illegal?

Yes and no. The state appealed and is awaiting a decision whether the NC Supreme Court will hear the appeal directly (bypassing the NC Court of Appeals) This was supposed to have happened in the spring of this year, so apparently there has been a delay. Here is the most up to date info from the law ...
by drawpoker
Mon Sep 17, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Double Check
Replies: 23
Views: 1665

Re: Retirement Double Check

......Estimated annual expenses / budget $90,000........Estimated Retirement fund goal (90,000 x 25) = $2,250,000 Forgot to add: Forbes, Kiplinger's, Money, TRowe and just about everyone else under the sun recommends you do a retirement plan based on a 30 year span of being retired - ages 65 to 95....
by drawpoker
Mon Sep 17, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5507

Re: 38% pay cut for dream job?

.... have a good understanding of what a career in the Foreign Service entails. I have several close family friends who range from junior FSO through retired senior FSO. ..... ... wife is in education (former principle) .....considered the affect living around the world would have.......some people...