Search found 909 matches

by skepticalobserver
Wed May 23, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 98
Views: 4479

Re: How have you upgraded your wardrobe?

My wife made me buy a pair of Brooks Bros dress pants (online) for niece's wedding. I can't remember the last time I bought dress clothes. Closet filled with old suits--they're probably back in style.
by skepticalobserver
Wed May 16, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: MassMutual LTC rate hike
Replies: 3
Views: 420

MassMutual LTC rate hike

Today's WSJ: MassMutual seeks to raise LTC premiums by 77% (yes, you read that right) for 3/4 of their policyholders.
by skepticalobserver
Tue May 15, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 10445

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk? I'm keeping a close on on the replies to this one 'cause I'd like to know. If you can moderate expectations, I think one year t-bills might go to 2.50% soon ($25k p/year) and eighteen month treasury strips should hit 3% (?). As you know...
by skepticalobserver
Fri May 11, 2018 4:07 am
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trust
Replies: 12
Views: 1068

Re: Revocable Living Trust

If your FIL conferred with a knowledgeable attorney there might have been a misunderstanding of the estate plan. Aside from an irrevocable (Medicaid) trust there maybe ways to gift or transfer assets to qualify for Medicaid eligibility outside the 60-month look-back. Be careful, as each state has it...
by skepticalobserver
Thu May 10, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trust
Replies: 12
Views: 1068

Re: Revocable Living Trust

Your FIL should confer with legal counsel specializing in Medicaid planning. Briefly, however, a gift or transfer of an asset pursuant to a revocable trust will not qualify for the sixty-month look back period.
by skepticalobserver
Sun May 06, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Moving to a Condo -- Educate me on Insurance
Replies: 10
Views: 1027

Re: Moving to a Condo -- Educate me on Insurance

A recent Wash Post article on condo deductibles. The focus is on DC, VA and MD but the trend might apply to you:

https://www.washingtonpost.com/realesta ... 4026b24155
by skepticalobserver
Sat May 05, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: Warning: avoid Windows 10 update 1803
Replies: 91
Views: 8943

Re: Warning: avoid Windows 10 update 1803

Long download and installation. All the programs seem to work OK. If there's a problem you can rollback back to the previous Win 10 version, http://www.thewindowsclub.com/rollback- ... ors-update
by skepticalobserver
Tue Apr 17, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: buying bonds
Replies: 8
Views: 735

Re: buying bonds

Be careful. I don’t use Vanguard but I’m familiar with Fidelity and Schwab: 1. New issued corporate debt available from discounters is tailored to retail ("uniformed") buyers. The maturities tend to be longish, the call provisions unfavorable and the ratings are not the best. I wouldn’t touch ‘em. I...
by skepticalobserver
Thu Apr 12, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted Living Community
Replies: 11
Views: 936

Re: Assisted Living Community

ALF’s are not strictly self pay. It varies by state but Medicaid does pay in many states. I stand corrected. On face of it through the Medicaid Home Based and Community Services Waivers program states may offer ALF home care, group home care and low cost facility care if funds are available. Some s...
by skepticalobserver
Thu Apr 12, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted Living Community
Replies: 11
Views: 936

Re: Assisted Living Community

Assisted Living Facilities (ALF) have a vaguely defined mandate, taking in people with a wide range of physical and cognitive problems. Unlike skilled nursing facilities (SKF) which in large part are paid for by Medicare (for a limited period) and Medicaid, ALF are strictly self-pay. SNF are federal...
by skepticalobserver
Sat Apr 07, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 610
Views: 69467

Re: Netflix, Your Current Favorite Show

Excellent new crime drama, "Seven Seconds." A heart-breaker.
by skepticalobserver
Fri Apr 06, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in foreign treasuries
Replies: 7
Views: 444

Re: Investing in foreign treasuries

f it pays in rupees then currency devaluation will likely offset your returns. If it pays in dollars then there is always risk that India at some point cannot pay its debts. Contrary to many assurances in 1998 Russia devalued the ruble. Foreign and domestic investors holding Russian paper got kille...
by skepticalobserver
Thu Apr 05, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical situation investing on property vs market
Replies: 21
Views: 1414

Re: Hypothetical situation investing on property vs market

The '1% rule' is far from dead. But you are correct in that it simply isn't possible in many areas. In such areas, rental properties simply do not make sense. I understand the ideal single-family rental business model concerns properties in the $125k to $150k range, suggesting $1,250 to $1,500 rent...
by skepticalobserver
Wed Apr 04, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical situation investing on property vs market
Replies: 21
Views: 1414

Re: Hypothetical situation investing on property vs market

I understand many single family house investors use the "1% Rule" when evaluating a purchase: the monthly rental should be 1% or more of the purchase price. Thus, a $230k property should rent for $2,300 p/m.
by skepticalobserver
Tue Apr 03, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: Best longevity calculator?
Replies: 32
Views: 2774

Re: Best longevity calculator?

JoeRetire wrote:
Tue Apr 03, 2018 6:45 am
My favorite today is http://media.nmfn.com/tnetwork/lifespan/ since it predicts I'll live to 96.
Says 101!!. Love, love this calculator. Signing up for an immediate annuity today! or maybe not.
by skepticalobserver
Mon Apr 02, 2018 8:07 am
Forum: Investing - Theory, News & General
Topic: China Hustle Movie
Replies: 33
Views: 4086

Re: China Hustle Movie

"China Hustle" is available for rental on Comcast on Demand.
by skepticalobserver
Sun Apr 01, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Investing in syndicated real estate deals
Replies: 11
Views: 989

Re: Investing in syndicated real estate deals

Stormbringer wrote:
Sun Apr 01, 2018 5:38 am
if I were to bring in partners, it would be for one and only one reason -- to put more money in my own pocket.
Sage advice. Regarding any "opportunity" I ask: If the investment is so great why do you need my money?
by skepticalobserver
Sat Mar 31, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 288
Views: 21056

Re: Got my Ruth's Chris seminar invitation, "Surviving Retirement"

Go for the Chilled Seafood Tower!
by skepticalobserver
Sat Mar 31, 2018 8:45 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3531
Views: 1005993

Re: What Movie Have You Recently Watched?

Watched "The Dinner" the other night (on Netflix). Confused and dull. Don't waste your time. Hard to believe Richard Gere got involved in the project.
Looking forward to "The China Hustle," a documentary available on Comcast ( https://www.thechinahustlefilm.com/), reverse mergers, etc.
by skepticalobserver
Sun Mar 25, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney and home equity
Replies: 3
Views: 314

Re: Power of Attorney and home equity

Make sure the title company will maintain coverage after re-titling as they generally look unfavorably on POA transfers. A real estate attorney should handle this.
by skepticalobserver
Sun Mar 25, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: Vehicle liability issue
Replies: 5
Views: 529

Re: Vehicle liability issue

My concern is the vehicle liability. If this vehicle were to be involved in an accident would my mother be liable? She still has insurance on the car but others have physical possession of it. Friend, maintain liability coverage until re-titling in name of new owner (get a hard copy of this) or unt...
by skepticalobserver
Sat Mar 24, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Why is SEC Yield dropping for GNMA fund?
Replies: 10
Views: 1296

Re: Why is SEC Yield dropping for GNMA fund?

As I understand it investing in mortgage backed securities like GNMAs can be tricky. When rates decline borrowers refinance at lower rates, high coupon mortgages are called, fund issuers re-invest in mortgages sporting lower coupons, generating lower yields for pass-through investors. When rates ris...
by skepticalobserver
Thu Mar 22, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 610
Views: 69467

Re: Netflix, Your Current Favorite Show

Second season of "Occupied." Outstanding.
by skepticalobserver
Wed Mar 21, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Bill Rates
Replies: 32
Views: 2981

Re: Treasury Bill Rates

MnD wrote:
Wed Mar 21, 2018 12:02 pm
oes Schwab offer this along with automatic rolling of maturing bills into the next auction?
http://international.schwab.com/public/ ... il_us.html

http://international.schwab.com/public/ ... xed_income
by skepticalobserver
Wed Mar 21, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Bill Rates
Replies: 32
Views: 2981

Re: Treasury Bill Rates

How about you? You remember '08? You think the money markets won't impose gates so's to keep the customers happy? Yesterday NPR's Marketplace had part one of a two part interview with Pasulan, Bernanke and Geithner. Things were pretty bad, https://www.npr.org/podcasts/381444600/marketplace How'd th...
by skepticalobserver
Wed Mar 21, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Bill Rates
Replies: 32
Views: 2981

Re: Treasury Bill Rates

indexfundfan wrote:
Wed Mar 21, 2018 9:33 am
Does anyone know if VBS or Schwab also automates the rolling of bills?
I don't remember if Schwab does but Fidelity always asks.
by skepticalobserver
Wed Mar 21, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Bill Rates
Replies: 32
Views: 2981

Re: Treasury Bill Rates

Da5id wrote:
Wed Mar 21, 2018 9:19 am
VMMXX (Vanguard Prime Money Market) current yield is 1.62%

https://investor.vanguard.com/mutual-fu ... et-reform/, Vanguard "Allows certain funds to impose liquidity fees and temporarily suspend withdrawals (known as gates) in certain circumstances."

Of importance to you?
by skepticalobserver
Wed Mar 21, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Bill Rates
Replies: 32
Views: 2981

Re: Treasury Bill Rates

If you have a Fidelity or Schwab account, the T-bill thing is a no-brainer. Sign-up for the weekly 1, 3 and 6-month commission free auctions. A one year bill is auctioned monthly and occasionally there’s the odd cash management issue. Here’s the auction schedule, https://www.treasury.gov/resource-ce...
by skepticalobserver
Wed Mar 21, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Personal Excess Liability Insurance - Umbrella Insurance
Replies: 55
Views: 3995

Re: Personal Excess Liability Insurance - Umbrella Insurance

the probability of being sued at these levels of coverages is very low The issue is the probability of YOU being sued. Are there behaviors peculiar to you that require coverage? Is the umbrella premium worth peace of mind? Do you want to play the odds that you could be subject to an outlier judgmen...
by skepticalobserver
Mon Mar 19, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Beach hotel near Boca raton
Replies: 4
Views: 418

Re: Beach hotel near Boca raton

Would you consider going a bit north of Boca to Delray Beach? Berkshire by the Sea (http://www.berkshireresort.com/) is a timeshare that rents out units. They're on A1A across the street from the beach with a pool and a tennis court. You probably know that downtown Delray (just off A1A) is a classy ...
by skepticalobserver
Sat Mar 17, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 610
Views: 69467

Re: Netflix, Your Current Favorite Show

lahob wrote:
Fri Mar 16, 2018 2:30 pm
except that Bloodline imploded after a promising first season.
Really? It's about people who should know better who do bad.
by skepticalobserver
Sat Mar 17, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 8408

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

rasputin wrote:
Sat Mar 17, 2018 4:47 pm
He says he finds more efficient funds through careful analysis
He's better at this than a behemoth like Vanguard? At .25%? It don't pass the smell test.
by skepticalobserver
Fri Mar 16, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: Federal court tosses out fiduciary rule
Replies: 60
Views: 6446

Re: Federal court tosses out fiduciary rule

Th Fifth Circuit has the rep for being the most conservative federal circuit. That being said, the promotion of the prospect of fiduciariness by non-registered investment advisors eager to cash in on the rule smacked of abuse.
by skepticalobserver
Sun Mar 11, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7197

Re: Another "Should I self-insure" for LTC Question

Regarding CCRC's and related retirement community developments, see this recent NYT article, "7 Ways to Judge a Retirement Community’s Financial Health."

https://www.nytimes.com/2018/03/09/busi ... ealth.html
by skepticalobserver
Sat Mar 10, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting large assets from lawsuit
Replies: 30
Views: 2950

Re: Protecting large assets from lawsuit

Kompass wrote:
Sat Mar 10, 2018 3:36 pm
. I want my insurance company to have as much skin in the game as I do.
Often carriers lay off some of the "skin" with re-insurance.
Kompass wrote:
Sat Mar 10, 2018 3:36 pm
I do however want the ability of renting toys and experiences in life,
This may qualify as an outlier risk.
by skepticalobserver
Sat Mar 10, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Protecting large assets from lawsuit
Replies: 30
Views: 2950

Re: Protecting large assets from lawsuit

Not a physician, but unfortunately we'd show up in google (company stuff) making us a target. Typically umbrella coverage is for personal (non-business) liability. If you're trying to shield behavior in connection with a business activity a personal umbrella policy won't do a thing. You'll need cov...
by skepticalobserver
Sat Mar 10, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Where to go for blood tests (w. no insurance)
Replies: 27
Views: 4095

Re: Where to go for blood tests (w. no insurance)

I used to use HealthCheck USA, http://www.healthcheckusa.com/, but my state now prohibits self-prescribed labs. A work-round is Health Tests Direct, https://www.health-tests-direct.com/, with a prescribing doc in CA. In either case you use a local Quest or LabCorp walk-in with an emailed lab order. ...
by skepticalobserver
Fri Mar 09, 2018 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Structured Products
Replies: 52
Views: 2561

Re: Structured Products

Looks like a "reverse convertible." The Securities Litigation and Consulting group has a few studies on these. Scroll down the list, http://www.slcg.com/securities-research.php

Once you plow through the math you'll find that as with most structured products if they're selling 'em you don't want 'em.
by skepticalobserver
Thu Mar 08, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7197

Re: Another "Should I self-insure" for LTC Question

WoW2012 wrote:
Thu Mar 08, 2018 4:52 pm
Yes, I have that mediocre, group Federal LTCi
I hope this is a facetious comment because that's the plan my wife (an annuitant) and I are looking at. As I understand it's one of the few (if any) that offer lifetime coverage. The premiums are hefty but we are not spring chickens.
by skepticalobserver
Thu Mar 08, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7197

Re: Another "Should I self-insure" for LTC Question

Perhaps the disclosure statement is dated. I’m not trying to be argumentative but Note 3 refers you to the Membership Agreement. The one I posted does not address the issue; perhaps the 2018 Agreement does. At the end of day, you’re bound by what you’ve agree to in writing. Moreover, what does “sig...
by skepticalobserver
Thu Mar 08, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7197

Re: Another "Should I self-insure" for LTC Question

I'm beginning to look at CCRCs myself; one of the high-end CCRCs I'll be visiting shortly If the CCRC you’re looking at is Cypress of Charlotte check out their 2016 Disclosure Statement, http://www.ncdoi.com/SE/Documents/CCRC/DisclosureStatements/The%20Cypress%20of%20Charlotte%20(2016).pdf Among ot...
by skepticalobserver
Tue Feb 27, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Mobile Deposit Bank Fraud
Replies: 36
Views: 2694

Mobile Deposit Bank Fraud

This is from David Merkel’s “Aleph Blog,” an especially astute market commentary. In the February 23 Blog David relates a bank fraud perpetrated on him using mobile deposits. This scenario is new to me. Unfortunately, the bank refused to accept liability for the loss.

http://alephblog.com/
by skepticalobserver
Wed Feb 21, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7549

Re: Long term care insurance

As to the comments on "droolers": I do some volunteer work at an AL facility. The residents are not cognitively impaired (there are facilities dedicated to “memory care”). Some might be “droolers” because they suffer from Parkinson’s or Huntington’s, but their minds are clear. AL residents certainly...
by skepticalobserver
Wed Feb 21, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7549

Re: Long term care insurance

Do you have anything more recent? Genworth 2013, https://pinneyinsurance.com/underwriting-docs/Genworth-LTC-UW-Guide.pdf Also, do the math on whole life policies with LTC riders. From the products I've seen LTC payments do not come out as a lump sum. Instead, benefits are doled out in monthly sums ...
by skepticalobserver
Wed Feb 21, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7549

Re: Long term care insurance

WoW2012 wrote:
Wed Feb 21, 2018 6:57 pm
Do you have anything more recent?
Genworth 2013, https://pinneyinsurance.com/underwritin ... -Guide.pdf
by skepticalobserver
Wed Feb 21, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7549

Re: Long term care insurance

They all have very different criteria for determining insurability. Most insurance agents know nothing about long-term care insurance underwriting. This is the Genworth LTC Underwriting Guide (for "Agents Only"--so this is just between us): http://www.resourcebrokerage.com/pdfs/ltci/underwriting/ge...
by skepticalobserver
Wed Feb 21, 2018 6:38 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 610
Views: 69467

Re: Netflix, Your Current Favorite Show

Just finished "The Five." Based on a Harlen Coben story. OK.

Two episodes into "SouthCliffe." Interesting so far.