Search found 14 matches

by LonScott
Sun Oct 01, 2017 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 5741

Re: Question About Long Term Care

The issue of large premium is usually never addressed by insurance agents, since this is a product with commissions and fees that are not transparent. CA has a database of requested and approved increases by insurance company for all states. Only three have never raised premiums. http://www.insuranc...
by LonScott
Sun Apr 30, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 41
Views: 10318

Re: Ken Moraif must be getting nervous

I am very disappointed Moraif has wiped out his past email predictions for 2016, but more disappointed the financial media still uses him as an interview without mentioning his 2016 prediction. What is his allocation now? Is he back into stocks? Is he now selling annuities? Actually for his gullible...
by LonScott
Sun Apr 30, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: When to consider Long Term Care Insurance
Replies: 38
Views: 3245

Re: When to concider Long Term Care Insurance

I will never consider a product with undisclosed commissions were Ins. companies can raise rates at any time.

http://www.insurance.ca.gov/01-consumer ... active.cfm
http://www.insurance.ca.gov/01-consumer ... active.cfm
by LonScott
Sun Apr 30, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: I read Boglehead posts on LTC ins. Has anyone made a claim yet? How'd it go? Claims paid?
Replies: 36
Views: 5164

Re: I read Boglehead posts on LTC ins. Has anyone made a claim yet? How'd it go? Claims paid?

California's m m Here's a link to the Connecticut Insurance Dept LTC Rate Increase filings page if anyone is interested. m It shows all companies writing LTC in CT, who has filed for rate increase over the last several years and how much, if any, was approved. I would think most States would have a ...
by LonScott
Mon Mar 21, 2016 9:49 am
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 41
Views: 10318

Re: Ken Moraif must be getting nervous

Thank you for keeping this thread going. I cannot find Ken's update for 3/20 but he has been tweating(I wrote tweaking!) about other subjects. Based on the Marketwatch article, it seems his asset allocation tends towards stocks. However on a 3/15 website post he writes: " I think we’re still in...
by LonScott
Tue Feb 09, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Accounts: Factual Errors in Wiki
Replies: 23
Views: 2422

Re: Health Savings Accounts: Factual Errors in Wiki

Thank you. This was my mistake for trusting those sites, and not doing the research. I apologize to all. Since I am one of the approximately 16.5% of the US population where my state has not conformed with Federal law, HSA taxation is a sore spot. In one state, public labor unions are against HSAs s...
by LonScott
Tue Feb 09, 2016 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Health Savings Accounts: Factual Errors in Wiki
Replies: 23
Views: 2422

Re: Health Savings Accounts: Factual Errors in Wiki

You are correct according to this article near the end: m However, one cannot stretch a HSA with a non spouse beneficiary. That seems to be omitted from most discussions on HSAs, and one of my main points along with the state taxation, which we all agree is done by CA, NJ and AL. I wrote to TN for c...
by LonScott
Tue Feb 09, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Health Savings Accounts: Factual Errors in Wiki
Replies: 23
Views: 2422

Re: Health Savings Accounts: Factual Errors in Wiki

HSAs differ from IRAs as their is no stretch for non spouses. This is how I wrote it on wikipedia with references: When a person dies, the funds in their HSA are transferred to the beneficiary named for the account. If the beneficiary is a surviving spouse, the transfer is tax-free. If the beneficia...
by LonScott
Tue Feb 09, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Health Savings Accounts: Factual Errors in Wiki
Replies: 23
Views: 2422

Re: Health Savings Accounts: Factual Errors in Wiki

I changed the HSA to delete both NH and TN. I am going to write to TN to confirm that HSA earnings are exempt. I can confirm Grabiner's interpretation that HSA earnings are exempt from the New Hampshire (NH) Interest and Dividends tax. This is based on direct communication with the NH Department of ...
by LonScott
Sun Feb 07, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Accounts: Factual Errors in Wiki
Replies: 23
Views: 2422

Health Savings Accounts: Factual Errors in Wiki

A recent article on Health Savings Accounts m moved me to research the taxation of accounts, and there appear to be errors in the Wiki. Rather than apply to be an editor, I am hoping someone will check my facts, and make changes on the wiki. Section 1.2 State taxation: besides CA, NJ and Al taxing b...
by LonScott
Tue Jan 05, 2016 1:05 pm
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 41
Views: 10318

Re: Ken Moraif must be getting nervous

Moraif buy hold sell, buy hold sell makes him a lot of money on customer transaction costs. Watertree Since Moraif is no longer a broker (to get around FINRA rules?), he does not make money on buying and selling. He charges Assets Under Management only. His selling point is this defensive timing st...
by LonScott
Mon Jan 04, 2016 4:23 pm
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 41
Views: 10318

Re: Ken Moraif must be getting nervous

Lon, Is that a quote from Moraif's newsletter? I do not know if his ads have always been on radio, but they just seem constant now, always telling about his seminars being offered. Maybe I never noticed them before. Yes, it is directly from his website which to his credit is available at no charge!...
by LonScott
Sun Jan 03, 2016 3:03 pm
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 41
Views: 10318

Re: Ken Moraif must be getting nervous

Thank you for your reply. I still think the Barron's list is bunk, as Ric Edelman is on it along with Moraif. Moraif is calling for a Dow 11,500 this year. 1/2/2016: "the fearless forecast for 2016 is that the Dow will hit 11,500. This year’s fearless forecast is particularly nerve-racking beca...
by LonScott
Tue Dec 08, 2015 2:34 pm
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 41
Views: 10318

Re: Ken Moraif must be getting nervous

"By selling on August 21st or 22nd, folks side stepped that big drop on the 24th. Next question is, when did he instruct his followers to move back into stocks? If he did so at the recent market low point of 9/28 or 9/29, then they made out OK. We need both sides of the timing card for proper e...