Search found 490 matches

by orlandoman
Fri Jan 07, 2011 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Misleading Statistics
Replies: 18
Views: 3125

(Rule #1 for buying any kind of insurance: Don't buy insurance based on the odds of something happening. Buy insurance to protect yourself and your family from any event that would be financially catastrophic.) I absolutely agree. (For example, almost every homeowner has fire insurance, yet the odds...
by orlandoman
Fri Jan 07, 2011 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Misleading Statistics
Replies: 18
Views: 3125

I've set up a Poll on this topic here: http://www.bogleheads.org/forum/viewtopic.php?t=66258
by orlandoman
Fri Jan 07, 2011 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Plans
Replies: 41
Views: 5895

Long Term Care Plans

There are basically 3 ways to cover any potential long term care costs: 1. Self-Insure - use your or your family's assets 2. Long Term Care Insurance 3. Medicaid - most people have to spend their assets down to about $2,000 to qualify, with exceptions for a vehicle & residence in most states What ar...
by orlandoman
Fri Jan 07, 2011 12:12 pm
Forum: Personal Consumer Issues
Topic: Dropbox.com Security
Replies: 6
Views: 1672

DropBox is a great service!
by orlandoman
Fri Jan 07, 2011 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Misleading Statistics
Replies: 18
Views: 3125

(In other words, what difference does it matter if an issue is going impact 1,000,000 out of 3,000,000 people or 2,000,000 out of 3,000,000? All that matters is the impact that it will have on your family if you are one of the people that has the issue. With long term care, regardless of any statist...
by orlandoman
Thu Jan 06, 2011 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Misleading Statistics
Replies: 18
Views: 3125

Yes, rates are going up a lot & carriers are discontinuing LCT policies. People who have been paying for years will have to drop policies because of continuing rate raises. If you can afford it, look at Single Premium policies.
by orlandoman
Thu Jan 06, 2011 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Misleading Statistics
Replies: 18
Views: 3125

Here are my two primary sources: 1. "Long-Term Care Over an Uncertain Future:What Can Current Retirees Expect?" http://www.scribd.com/doc/46444628/Long-Term-Care-Over-an-Uncertain-Future-What-Can-Current-Retirees-Expect-461 This is 16 pages of a longer report. You'll want to look at the tables on pa...
by orlandoman
Thu Jan 06, 2011 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Misleading Statistics
Replies: 18
Views: 3125

Long Term Care Misleading Statistics

I have just completed a very extensive analysis of long term care policies for myself and my wife. This analysis brought forth the following: - almost every statistic you see about the need for long term care, uses a figure of about a 70% chance of need - the above statistic is used to help convince...
by orlandoman
Mon Jan 03, 2011 4:22 pm
Forum: Personal Consumer Issues
Topic: Magic Jack and Google Voice / Gmail calling
Replies: 10
Views: 3075

I've been using Google voice since it was released. You can make phone calls from the phone you have Google Voice redirected to. I have GV redirected to my cell phone. On my cell I call my GV phone number, enter my pass code & I am given to option to make a call from GV. The person I call will now s...
by orlandoman
Sun Jan 02, 2011 7:25 am
Forum: Personal Investments
Topic: How to Calculate Jim Otar's Moving Avg. Crossover Strategy?
Replies: 5
Views: 1452

Thanks!
by orlandoman
Sat Jan 01, 2011 7:44 pm
Forum: Personal Investments
Topic: How to Calculate Jim Otar's Moving Avg. Crossover Strategy?
Replies: 5
Views: 1452

How to Calculate Jim Otar's Moving Avg. Crossover Strategy?

In Jim Otar's book, The Myth of Retirement Planning, he give's a 5 month / 12 month moving average crossover strategy to use on page 288. Has any one created or found a spreadsheet or application that would go out & grab the data and do the calculations after entering in the correct symbol? Thanks!
by orlandoman
Fri Dec 31, 2010 11:20 am
Forum: Personal Consumer Issues
Topic: Fees when buying a car
Replies: 22
Views: 3923

1. Yes, OTD is what to ask for 2. Try saying this at a dealership, "The company I work for is buying the car for my use, they told me to get 3 out the door quotes from dealerships & then they will buy the lowest priced one". Now the car salesperson has no one to bargain with, you are just getting qu...
by orlandoman
Tue Dec 21, 2010 1:24 pm
Forum: Personal Consumer Issues
Topic: Squaretrade -- Alternative Extended Warranty company
Replies: 10
Views: 1839

Use a credit card that doubles the mfg. warranty for up to an additional year, at no cost!
by orlandoman
Mon Dec 20, 2010 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another Roth conversion question
Replies: 10
Views: 1612

This is the link to the Vanguard Roth Conversion Calculator, you have to make a couple of assumptions, but it should help:
http://www.archimedes.com/vanguard/roth ... umer.phtml
by orlandoman
Thu Dec 16, 2010 8:20 am
Forum: Investing - Theory, News & General
Topic: New Annual Inflation Chart
Replies: 2
Views: 977

New Annual Inflation Chart

Interesting chart for the last 20 years, just released:

http://inflationdata.com/inflation/imag ... _chart.htm
by orlandoman
Tue Dec 14, 2010 4:04 pm
Forum: Investing - Theory, News & General
Topic: Big Picture Chart
Replies: 41
Views: 5899

Looked cool ..... BUT, here's the fine print at the bottom of the graphic, "Some data in this chart have been altered to prevent unauthorized reproduction. "
by orlandoman
Mon Dec 13, 2010 5:29 pm
Forum: Investing - Theory, News & General
Topic: Immediate Annuity - Fixed vs. Inflation-Protected
Replies: 21
Views: 4357

Thanks, for all your great insights!
by orlandoman
Mon Dec 13, 2010 9:15 am
Forum: Investing - Theory, News & General
Topic: Immediate Annuity - Fixed vs. Inflation-Protected
Replies: 21
Views: 4357

Immediate Annuity - Fixed vs. Inflation-Protected

I've been trying to evaluate the benefits of a Fixed vs. Inflation-Protected Immediate Annuity.

This report compares the relative benefits of each & when one is better than the other:
http://www.ebri.org/pdf/programs/policy ... _Value.pdf

It's an excellent read.
by orlandoman
Wed Dec 08, 2010 10:42 am
Forum: Investing - Theory, News & General
Topic: If you dont need SS when do you start taking it.
Replies: 13
Views: 2192

SS Breakeven Point

Everyone keeps talking about waiting to take SS because the benefit is higher. But, no one, or no calculator I've seen, seems to be factoring in the loss of $ they are using from other funds, instead of taking SS. If for example your SS payment is $1,000 a month, $12,000 a year times 4 years (62 to ...
by orlandoman
Tue Nov 30, 2010 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance Policy
Replies: 41
Views: 6776

It's all just a guess ...

It's all just a guess, based on your perception of probability .....

Examples:
a. you cause an auto accident & 1 person in the other vehicle dies
b. you hit a school bus & 35 children are killed

How much is enough liability?
by orlandoman
Mon Nov 29, 2010 6:42 pm
Forum: Personal Consumer Issues
Topic: Dell Online Backup
Replies: 3
Views: 933

I was curious & just tried to connect to Dell's Online Backup site & got this warning: -------------------------------------- This Connection is Untrusted You have asked Firefox to connect securely to www.delldatasafe.com, but we can't confirm that your connection is secure. Normally, when you try t...
by orlandoman
Mon Nov 29, 2010 11:59 am
Forum: Investing - Theory, News & General
Topic: The Day The Dollar Died - What Investment?
Replies: 6
Views: 1538

As I mentioned, I was not going to post the video until I watched David Stockman's interview. As a conservative Republican former congressman & Reagan's budget director, he takes a somber view of where the U.S. economy is headed & I believe worth viewing. With people of stature such as David expres...
by orlandoman
Mon Nov 29, 2010 11:41 am
Forum: Investing - Theory, News & General
Topic: The Day The Dollar Died - What Investment?
Replies: 6
Views: 1538

As I mentioned, I was not going to post the video until I watched David Stockman's interview. As a conservative Republican former congressman & Reagan's budget director, he takes a somber view of where the U.S. economy is headed & I believe worth viewing. With people of stature such as David express...
by orlandoman
Mon Nov 29, 2010 11:08 am
Forum: Investing - Theory, News & General
Topic: The Day The Dollar Died - What Investment?
Replies: 6
Views: 1538

The Day The Dollar Died - What Investment?

Here is a 7 minute video of a scary scenario for the U.S. economy (The Day The Dollar Died): http://www.youtube.com/watch?v=2N8gJSMoOJc&feature=player_embedded I was not going to post it, until yesterday I saw David Stockman, formerly Ronald Reagan's budget director about halfway thru the 11/28 Fare...
by orlandoman
Sun Nov 28, 2010 12:05 pm
Forum: Personal Investments
Topic: 100% in money market and need to invest
Replies: 22
Views: 3166

3.49% CD

Yes, PennFed Credit Union: https://www.penfed.org

You can join the Pentagon Fed CU by joining one of the organizations they list on the "Do You Qualify" page for a 1 time fee of $15-$20, if you do not otherwise qualify. Here's the page, see #8 & #9: https://www.penfed.org/howToJoin/overview.asp
by orlandoman
Sun Nov 28, 2010 10:14 am
Forum: Personal Investments
Topic: 100% in money market and need to invest
Replies: 22
Views: 3166

Option

You can take a % of your assets & put it in a 7 year CD that pays 3.49% ... which has got to be more than a money market pays. Then, you may feel a more comfortable in putting some $ in stocks.
by orlandoman
Wed Nov 24, 2010 8:50 am
Forum: Investing - Theory, News & General
Topic: Flaws in Vanguard’s Withdrawal Strategy: Income versus Tot
Replies: 2
Views: 1000

Flaws in Vanguard’s Withdrawal Strategy: Income versus Tot

"Flaws in Vanguard’s Withdrawal Strategy: Income versus Total" Interesting article: http://www.advisorperspectives.com/newsletters10/Flaws_in_Vanguards_Withdrawal_Strategy.php Conclusion: On the basis of Monte Carlo Simulation, I find that income-oriented portfolios can be just as attractive as tota...
by orlandoman
Mon Nov 22, 2010 9:47 am
Forum: Investing - Theory, News & General
Topic: 90% of the market is owned by top 20%
Replies: 30
Views: 4453

90% of the market is owned by top 20%

Interesting article:
http://www.cnbc.com/id/40273033/

Titled:
Shunning Stocks: Investors May End Up Safe—But Sorry

Have you gotten out of the market & if so, are you planning to get back in?
by orlandoman
Thu Nov 11, 2010 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: MetLife stops selling Long Term Care Insurance
Replies: 69
Views: 14923

Re: LTC

I am in the process of evaluating LTC for my personal situation. I would never consider LTC policy with continual payments ... as we have just seen by 40% rate hikes. It would be terrible to be paying for years & then have to cancel because of multiple rate hikes. I am evaluating a single premium c...
by orlandoman
Thu Nov 11, 2010 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: MetLife stops selling Long Term Care Insurance
Replies: 69
Views: 14923

LTC

I am in the process of evaluating LTC for my personal situation. I would never consider LTC policy with continual payments ... as we have just seen by 40% rate hikes. It would be terrible to be paying for years & then have to cancel because of multiple rate hikes. I am evaluating a single premium co...
by orlandoman
Thu Nov 11, 2010 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance Policy
Replies: 41
Views: 6776

Liability Insurance Amount

If you are considering an Umbrella Liability, here is another option to consider: Increase your auto liability amount to $1,000,000 it is normally much cheaper, at least for me & the risk of a liability suit is primarily from auto accidents, not at home or other personal liability issues, in my opin...
by orlandoman
Tue Nov 09, 2010 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much liability insurance do I need?
Replies: 5
Views: 1219

Liability Insurance Amount

If you are considering an Umbrella Liability, here is another option to consider: Increase your auto liability amount to $1,000,000 it is normally much cheaper, at least for me & the risk of a liability suit is primarily from auto accidents, not at home or other personal liability issues, in my opin...
by orlandoman
Sun Nov 07, 2010 5:51 pm
Forum: Investing - Theory, News & General
Topic: Your 3-Buckets of Money & When To Use Each One
Replies: 65
Views: 10638

Your 3-Buckets of Money & When To Use Each One

This is the direct download to a PDF report titled, "The Guide To Social Security - Higher Lifetime Benefits & Lower Lifetime Taxes". It is put out by 'The Retirement Pros', with whom I don't have any affiliation. This is a GREAT read to understand the 3 buckets of money you have: qualified money, u...
by orlandoman
Wed Nov 03, 2010 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is AAA Membership Worth it?
Replies: 148
Views: 35514

AARP Motor Club

AARP Motor Club much cheaper & better towing benefits than AAA. Check it out if over 50.
by orlandoman
Mon Nov 01, 2010 8:21 pm
Forum: Personal Consumer Issues
Topic: Please help me with Laptop purchase
Replies: 56
Views: 6969

"I wouldn't trust anything I download off the internet to "clean" my computer."

If you are concerned about downloading & using this suggestion, do an internet search on it & read the reviews in leading computer magazines. Your choice, of course.
by orlandoman
Mon Nov 01, 2010 6:03 pm
Forum: Personal Consumer Issues
Topic: Please help me with Laptop purchase
Replies: 56
Views: 6969

Laptop Suggestions

Two suggestions:

1. Buy from Costco, if that is an option for you. They have a 100% 90 return policy. No other vendor offers that.

2. Most computers come loaded with lots of junk programs loaded on them. This great free software program that will remove the junk: pcdecrapifier(dot)com
by orlandoman
Tue Oct 26, 2010 8:26 am
Forum: Investing - Theory, News & General
Topic: The Best Inflation Hedge is...?
Replies: 72
Views: 11483

TIPS & Taxation

Keep in mind that TIPS appreciation is taxable. So, although it may keep up with inflation while sitting in your portfolio, when you sell the gains are taxable income to you & your net will be less than the inflation appreciation, due to having to pay taxes.
by orlandoman
Sat Oct 23, 2010 7:06 pm
Forum: Personal Consumer Issues
Topic: Online backup services (Mozy)
Replies: 20
Views: 2682

Take a look at idrive(dot)com