Search found 236 matches

by jimishooch
Tue May 19, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 71
Views: 5341

Re: Turning 65, Medicaire questions

i'm 67 and still on my wife's employer plan which is creditable. signed up for Part A at 65 (which is free for me) and called it a day...will supplement when the time comes...

good luck
by jimishooch
Tue May 05, 2020 11:26 am
Forum: Personal Investments
Topic: Death Benefit -Annuity Inheritance
Replies: 38
Views: 2126

Re: Death Benefit -Annuity Inheritance

don't know if you have a brokerage account but can't you do a 1035 exchange to an IOVA at vanguard,fidelity or schwab? (investment only variable annuity). that way you can do what you want when you want...

good luck
jim
by jimishooch
Thu Apr 30, 2020 10:42 am
Forum: Personal Investments
Topic: Parents cash at Vanguard
Replies: 29
Views: 2927

Re: Parents cash at Vanguard

why not do a brokerage CD at vanguard?...
by jimishooch
Mon Apr 20, 2020 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 209
Views: 8062

Re: Long Term Care Insurance

one benefit of our joint single premium whole life/LTC policy is that the premium paid stays with the estate and any money not used goes to our beneficiary after 2nd to die unlike use it or lose it traditional LTCi policies...we bought this policy 4 years ago at the joint age of 58 from oneamerica/s...
by jimishooch
Mon Apr 20, 2020 12:58 pm
Forum: Personal Investments
Topic: Safe to have ~$1mil in savings account?
Replies: 27
Views: 2711

Re: Safe to have ~$1mil in savings account?

How about retitling: 1) Jt acct.........500K 2) single owner A .....250K (can name B as beneficiary) 3)single owner B.......250K (can name A as beneficiary) Total FDIC 1M this...i just did this at synchrony. under joint account i opened an account in my name w/wife as bene then under joint account ...
by jimishooch
Wed Apr 15, 2020 10:54 am
Forum: Personal Investments
Topic: A tale of three regrets
Replies: 52
Views: 7913

Re: A tale of three regrets

CFM300 wrote: Tue Apr 14, 2020 11:35 am We're happy to see the market rise and feel zero regret today about the unwinding we did yesterday. So it looks like we've found our new comfort zone while we learn about LMP. :beer
if you go the LMP route it won't matter what the market does...

good luck
jim
by jimishooch
Sun Apr 05, 2020 12:27 pm
Forum: Personal Investments
Topic: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently
Replies: 112
Views: 11531

Re: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently

Not sure if I'm a seasoned "Boglehead" , though I sure feel well seasoned on slow mornings. . . . 1. DW and I talk about portfolios and the latest repercussions to extended family and friends financially, more than usual. 2. DW and I have adjusted our IPS to shift our allocation after the...
by jimishooch
Sun Apr 05, 2020 12:04 pm
Forum: Personal Investments
Topic: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently
Replies: 112
Views: 11531

Re: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently

Not sure if I'm a seasoned "Boglehead" , though I sure feel well seasoned on slow mornings. . . . 1. DW and I talk about portfolios and the latest repercussions to extended family and friends financially, more than usual. 2. DW and I have adjusted our IPS to shift our allocation after the...
by jimishooch
Mon Mar 23, 2020 3:24 pm
Forum: Personal Investments
Topic: AIG Annuity
Replies: 3
Views: 291

Re: AIG Annuity

take a look at the annual statement...
by jimishooch
Sun Mar 22, 2020 11:41 am
Forum: Personal Investments
Topic: Dancing with the bears [what to do now?]
Replies: 17
Views: 1677

Re: Dancing with the bears [what to do now?]

i would be looking at expenses vs income and not the stock market. nothing wrong with 30/70 at your ages.

good luck
jim
by jimishooch
Sat Mar 07, 2020 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Title co. wants Trust probated in CA
Replies: 14
Views: 737

Re: Title co. wants Trust probated in CA

Otherwise I don't understand why "probate" in the usual sense is relevant, since no one has died. Probate court is used for things other than probate. I (my lawyer) had to use it to clarify a trust, seek conservatorship, guardianship for the disabled, and similar topics involving elderly ...
by jimishooch
Sat Mar 07, 2020 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Title co. wants Trust probated in CA
Replies: 14
Views: 737

Re: Title co. wants Trust probated in CA

celia wrote: Sat Mar 07, 2020 4:15 pm OP, I think you were preparing your post while I was editing mine. I added new details. So please re-read mine.
got it, thanks celia.
by jimishooch
Sat Mar 07, 2020 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Title co. wants Trust probated in CA
Replies: 14
Views: 737

Re: Title co. wants Trust probated in CA

Does the company for some reason think that you became Trustee after the original grantor's death? (That was what a California title company once assumed when I wanted to sell my father's trust's property, and I had to correct them.) Otherwise I don't understand why "probate" in the usual...
by jimishooch
Sat Mar 07, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Title co. wants Trust probated in CA
Replies: 14
Views: 737

Re: Title co. wants Trust probated in CA

Don’t forget that the title insurance will be on the hook if something happens in the future to question the legality of the current sale. They are only doing their job to ensure that a potential heir/lien holder can’t make a future claim. I had something similar when I was trustee of a trust that ...
by jimishooch
Sat Mar 07, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Title co. wants Trust probated in CA
Replies: 14
Views: 737

Re: Title co. wants Trust probated in CA

If the property is properly titled in the trust, then the owner listed on the present recorded deed will be something like "Jones Family Trust under agreement 5/19/2018 trustee James I. Shooch". If that is the case, then James I. Shooch and only James I. Shooch should be the person the ti...
by jimishooch
Sat Mar 07, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Title co. wants Trust probated in CA
Replies: 14
Views: 737

Re: Title co. wants Trust probated in CA

123 wrote: Sat Mar 07, 2020 2:16 pm The clearest way to establish authority over control of her assets may be conservatorship proceedings. The mechanism of a trust originated by someone holding a DPOA seems awkward.
this might be what title is after. i'll get with my attorney.
thanks
jim
by jimishooch
Sat Mar 07, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Title co. wants Trust probated in CA
Replies: 14
Views: 737

Re: Title co. wants Trust probated in CA

Did you have the recorder's office re title ownership of the property to the trust? If not, the trust does not own the property. Or does the title company have a different reason for this request? But worse - wouldn't the following have been much quicker, easier, and less costly if the only purpose...
by jimishooch
Sat Mar 07, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Title co. wants Trust probated in CA
Replies: 14
Views: 737

Title co. wants Trust probated in CA

i have DPOA and trustee for my MIL, she was diagnosed with alzheimer/dementia with doctors excuse on 10/7/2019 and is now in assisted living. the DPOA was established 3/28/2018 and the trust 5/19/2018. the trust was signed off by me and not the trustor, my MIL. the POA clearly states i can legally e...
by jimishooch
Wed Nov 20, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Best insurance company for auto, renters, umbrella insurance
Replies: 28
Views: 2450

Re: Best insurance company for auto, renters, umbrella insurance

i'm a shopper,

home = travelers (thru geico), autos = progressive. motorcycle = geico, umbrella = RLI.

good luck
jim
by jimishooch
Wed Nov 06, 2019 2:40 pm
Forum: Personal Investments
Topic: What can I do with an annuity in a retirement plan?
Replies: 7
Views: 886

Re: What can I do with an annuity in a retirement plan?

start with the 401k administrator for instructions and then to TIAA...
good luck
jim
by jimishooch
Tue Oct 29, 2019 11:08 am
Forum: Personal Investments
Topic: IRA questions - back door roth when tIRA is co-mingled
Replies: 6
Views: 749

Re: IRA questions - back door roth when tIRA is co-mingled

Hi everyone… Sorry to bump an old thread but I’m finally getting around to doing this and I’m receiving conflicting information… When I talked to the fidelity rep (where my 401k is) he told me this would not be a problem whatsoever and sent me the rollover documents. When I asked my accountant abou...
by jimishooch
Wed Sep 18, 2019 11:27 am
Forum: Personal Investments
Topic: Annuity question
Replies: 19
Views: 2021

Re: Annuity question

I got pitched but an agent a fund that offered to take a $400k initial investment and grow it to $800K in 10 years. Then offered a 48K/year for life guarantee. I said NO out of hand, but now I'm wondering if I should have at least looked at it. I tried looked up annuities online and they don't give...
by jimishooch
Sat Aug 31, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Rollover pretax tIRA excess to 401k and convert basis to Roth
Replies: 5
Views: 228

Re: Rollover pretax tIRA excess to 401k and convert basis to Roth

thanks guys, i was a bit confused on what an "outstanding rollover" was... jim I guess it means you've started the rollover but the money has not reached its final destination yet. For me, I'd wait until they actually have the money. After that, it seems to me the possibility of glitches ...
by jimishooch
Sat Aug 31, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Rollover pretax tIRA excess to 401k and convert basis to Roth
Replies: 5
Views: 228

Re: Rollover pretax tIRA excess to 401k and convert basis to Roth

thanks guys,

i was a bit confused on what an "outstanding rollover" was...
jim
by jimishooch
Sat Aug 31, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Rollover pretax tIRA excess to 401k and convert basis to Roth
Replies: 5
Views: 228

Rollover pretax tIRA excess to 401k and convert basis to Roth

can i do this in the same year without a tax hit? 401k will accept rollover.

thx
jim
by jimishooch
Tue Apr 02, 2019 10:39 am
Forum: Personal Investments
Topic: Inheritance IRA - In-Kind Transfer...What now?
Replies: 6
Views: 451

Re: Inheritance IRA - In-Kind Transfer...What now?

will there be a cost per trade?
by jimishooch
Mon Apr 01, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Estimated Taxes with Direct Pay
Replies: 3
Views: 506

Re: Paying Estimated Taxes with Direct Pay

i always print a copy of the confirmation page on any transaction with IRS/state.
by jimishooch
Sat Dec 08, 2018 1:55 pm
Forum: Personal Investments
Topic: Retiring in 2 weeks, Traditional 401k
Replies: 99
Views: 7436

Re: Retiring in 2 weeks, Traditional 401k

might want to check out a reverse mortgage...
by jimishooch
Tue Nov 20, 2018 11:47 am
Forum: Personal Investments
Topic: 401(k) alternatives
Replies: 9
Views: 958

Re: 401(k) alternatives

take a look at Ibonds...
by jimishooch
Wed Nov 14, 2018 11:51 am
Forum: Personal Investments
Topic: Bonds vs. Savings Account
Replies: 42
Views: 6116

Re: Bonds vs. Savings Account

my fixed income is VG prime MM, synchrony HYS, VG brokerage CD ladder and Ibonds.
by jimishooch
Wed Nov 07, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 184
Views: 10776

Re: Long-term Care Insurance

FYI... https://documentcloud.adobe.com/link/track?uri=urn%3Aaaid%3Ascds%3AUS%3Ab7385d53-f8fc-4489-8e4d-50e03bc188cf&fbclid=IwAR3H5j9LRMTqLw50DlQ9lHfwZZixaZvK0H8EYZfaaXud6i75TX4SJQ89ksw https://www.oneamerica.com/wps/wcm/connect/019797c1-87a0-4987-bcd8-12a24c9144d1/I-21013-IPR_Asset-Care_Producer...
by jimishooch
Mon Sep 24, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 92
Views: 5189

Re: Long Term Care

i'll post this link again, my wife and i could easily "fund" our own long term care but went with a paid up joint policy with lifetime benefits...family history, peace of mind and preservation of portfolio were key in the decision. https://www.oneamerica.com/wps/wcm/connect/019797c1-87a0-4...
by jimishooch
Thu Sep 20, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 3252

Re: Moving to Dallas, how to establish residency

For ref, I am excited about becoming a TX resident as I won't have to pay state or local taxes. That will mean 6% less tax which is an increase of $41k take home. My wife already has plans for that. Don't get too excited unless you've already done the math on property taxes for your eventual home p...
by jimishooch
Wed Sep 19, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 11286

Re: Delaying Social Security Until 70

just filed at FRA that starts this coming january, made no sense for me to wait until 70. my wife is 8 years younger and the higher earner and we want to maximize our lifetime benefits. i'll be eligible for a spousal benefit when she eventually files. used a couple of calculators to confirm my decis...
by jimishooch
Tue Sep 18, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1797

Re: delaying claiming SS from age 64 to 70 while not working

ByThePond wrote: Sun Sep 16, 2018 12:09 pm Thanks, but the link goes to a logged out site, and it appears that the main site requires an account.
you can scroll down to the calculators...

https://www.marketwatch.com/story/i-tes ... 2018-06-26
by jimishooch
Sat Aug 18, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Cheapest Home Insurance ?
Replies: 36
Views: 6352

Re: Cheapest Home Insurance ?

confusedinvestor wrote: Fri Aug 17, 2018 5:51 pm thanks everyone for the feedback.

Given the advise, I'm leaning on keeping Geico, given the reputation of Geico.

I'm not sure about Hippo yet, still researching ….I will call Amica and Chubb soon....
ask GEICO if they work with more than one insurer in your state and then run the numbers...
by jimishooch
Wed Jun 20, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Universal life insurance within ones Asset Allocation Model
Replies: 15
Views: 1654

Re: Universal life insurance within ones Asset Allocation Model

did not include it in my AA but principle is included in my net worth...
by jimishooch
Tue Mar 20, 2018 11:51 am
Forum: Personal Investments
Topic: Annuity
Replies: 13
Views: 1477

Re: Annuity

is this annuity qualified or nonqualified?
by jimishooch
Tue Mar 20, 2018 11:43 am
Forum: Personal Investments
Topic: vehicle for mother-in-law's cash assets
Replies: 9
Views: 798

Re: vehicle for mother-in-law's cash assets

you could always do a joint account as you the primary...