Bob Brinker Free Discussion Site 59,820+
- iamacamera
- jamesj24
- Rob_Larsen
- Jeremy77
- permabear
- JIMMY62
- jamesj24
- oldtown4
- bigla
- allancoleman
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» iamacamera - Re: Re: Re: Re:Old Age Insurance
In response to Re: Re: Re:Old Age Insurance posted by permabear:Permabear,
Brinker is very, very negative about avoiding medical and LTC expenses. He usually cuts off the caller brusquely.
The other point of view is that the rules are there to be used so there's nothing wrong in using them. (An annuity salesman told me that)
U/L there has been some change since I looked, Medicaid does not take the house if there is a spouse living in it though if the 2nd spouse ends up on medicaid they will, in most states, put a lien on it. So only the heirs get bitten. I think a spouse can keep about $90k and also some income.
BTW if you go into a "home" in the UK, the same thing happens so don't think it is always greener elsewhere.
Don't ever forget that having medical insurance is NOT the same as having medical treatment. Just b/c it is the same in the US doesn't make it true elsewhere. Socialist health care is rationed by availability as eg in Canada and the UK.
Frankly I don't want to pay for your health care nor do I expect you to pay for mine, although to be honest you are, b/c I'm on medicare as are 90+% of over 65s.
-- posted by iamacamera
» jamesj24 - Re: Re: Re: Re: Critical Mass
In response to Re: Re: Re: Critical Mass posted by BrianMcG:...but the aggressiveness with which the salesman tried to sell me raised serious doubts in my mind. One persistently asked to come to my home. I consented and was given a slick pitch; when I demurred, the salesman showed his anger. ... I hope, of course, that I made the right decision. Now several years later, I am still in good health; I have several thousand dollars more in my investment account. Part of my thinking was my own family experience. None of my parents or grandparents ever needed LT care and thus would not have benefited from such a policy.
Not all sales of long term care insurance is as you describe. My mother is covered through CA PERS, the CA retirement system, which is a non-profit organization. She pays a modest premium, which has increased by a small amount since she began coverage. The policy provides full in-home coverage, and is indexed for inflation. She has full piece of mind that she will never have to leave her home to get care.
That's what insurance is all about -- peace of mine. All insurance is expensive in the sense that most people pay for it but never get any payback. The odds are that you won't have to use it, and that's the reason that the risk of a great loss can be spread out over a very large group of purchasers, making each purchasers premium (more) affordable. The insurance "premium" is the price one pays for peace of mind.
Insurance is most appropriate for the wealthy and for those who perceive themselves as facing amount of significant risk of losing a significant amount of money.
-- posted by jamesj24
» Rob_Larsen - Re: Re: Re: Critical Mass
In response to Re: Re: Critical Mass posted by Kirk:Hi Kirk,
It is hard to believe that it's been 5 years since we were having lunch together. I brought the QQQ letter with me to lunch and we verified it was in fact true. I'm still underwater on that, but hey, what can you do? Life goes on. I believe my success was the real estate rentals that I had in Northern California and sold somewhere in the middle, certainly not here near the top or the high anyway. My small pension from 20 years employment isn't all that much because I wasn't 50 years old. I have followed the Dave Ramsey principle, you can only save and make money when you have NO bills. I haven't had a credit card or car payment in about 15 years. I credit my grandfather for instilling in me at a very young age...."If you can't afford to pay cash, you don't need it" and I stuck to that principle my entire life.
The pension that I'll get from the teachers fund won't be that big either because I started late in life, but a few bucks will be better than nothing. It's nice to work because one wants to, not because one has to :-)
I look forward to being back on Suite 101. Too bad Randy had to leave the Suite due to work conflicts :-( he was truly valuable to me when deciding what to do when I pulled the work plug.
Rob
-- posted by Rob_Larsen
» Jeremy77 - Re: Re: Terry Savage, fill-in
She's threatened to give out someone's name over the airways who may, or may not have borrowed & repaid, or not, a $50,000. loan. Great radio. Give me a break. She's also hyper. (Personal opinion). Again, Brinker pays for his commercials.-- posted by Jeremy77
» permabear - Re: Re: Re: Terry Savage, fill-in
In response to Re: Re: Terry Savage, fill-in posted by Jeremy77:Anyone is better than Bill Flanagan. As soon as I hear the guy's voice, I have to turn off the radio. He often doesn't answer the questions accurately or has to defer to callers to get the answers. An average stock broker knows more about money than this guy.
-- posted by permabear
» JIMMY62 - Re: Re: Re: Re: Terry Savage, fill-in
In response to Re: Re: Re: Terry Savage, fill-in posted by Kirk:No, the screener made them do it.
-- posted by JIMMY62
» jamesj24 - Re: Re: Re: Terry Savage, fill-in
In response to Re: Re: Terry Savage, fill-in posted by Jeremy77:Doesn't Terry Savage look like the mother on "Malcolm in the Middle"? They resemble each other and they're both hyper. I'd much rather hear Malcom's Mom on the radio, though, than Terry Savage. She'd be more entertaining.
When she was doing that bit about a dating service on "Money Talk", she seemed to be running out of material.
-- posted by jamesj24
» oldtown4 - Re: Competitive Surfer Aged 71 with Cash To Burn
In response to Competitive Surfer Aged 71 with Cash To Burn posted by Kirk:T Savage said she would be subbing again on the first weekend in August. So maybe Bobbie will be back this week.
-- posted by oldtown4
» allancoleman - Re: Competitive Surfer Aged 71 with Cash To Burn
In response to Competitive Surfer Aged 71 with Cash To Burn posted by Kirk:hi Kirk ,
sorry for the delay in getting back to you on your question but i was out of town and dealing with real estate issues last week .
no , i don't know the 71 year old surfer from Maui that called Terry Savage . i do have a friend on Maui caught up in the real estate bubble though . his three bedroom , two bath ranch house in Kehei that he paid $300k for is now worth over $800k and the taxes are about to eat him up . this friend has a teen age son who is surfing professionally and get paid pretty good money , for a kid , to surf . probably later , after the kid graduates from high school and can travel , he'll get paid more to travel round the world and surf .
i do know several older surfers who surf on the west side of the big island . most of the locals who have to hold down a job and work , usually surf early before 8:00 a.m in order to get their surfing in before reporting to work . one guy i know has a screen message on his cell phone that reads , " surf B4 work " . i usually see this crowd as i usually show up at the beach about 7:30 a.m. just as they are catching their last few sets and i'm getting set up for my shift on the waves . i usually surf from 7:30 a.m. until 9:30 a.m. when the life guards set up their stand when the usual tourist " haole " crowd shows up . i usually leave about that time cause the water gets pretty crowded and the sun's getting pretty hot about that time .
Terry's supposed to be on this upcoming weekend i think . ? ?
p.s. air & water temps were 84 in kona this last week . 
. and + - 50 degrees here now in alaska .
. water , of course here , is much colder year round .
-- posted by allancoleman
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