Search found 3576 matches

by BruDude
Sat Apr 17, 2021 11:23 am
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 43
Views: 3559

Re: C8 Corvette?

OK...so a few things...money is not an issue. I have been blessed and am all set...as for the other brands...pretty much been there done them...have owned several Porsches, nice cars..pretty reliable really but would like to try and American car for a change up. Yea,I am an older guy and I have a G...
by BruDude
Fri Apr 16, 2021 4:03 pm
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 43
Views: 3559

Re: C8 Corvette?

OK...so a few things...money is not an issue. I have been blessed and am all set...as for the other brands...pretty much been there done them...have owned several Porsches, nice cars..pretty reliable really but would like to try and American car for a change up. Yea,I am an older guy and I have a G...
by BruDude
Fri Apr 16, 2021 3:56 pm
Forum: Personal Consumer Issues
Topic: local dealers offering to buy car for more than you paid?
Replies: 35
Views: 2215

Re: local dealers offering to buy car for more than you paid?

Carvana just offered me $35.2k on a wrangler that I paid $34k for brand new 2.5 years and 25k miles ago. Market is nuts.
by BruDude
Fri Apr 16, 2021 3:04 pm
Forum: Personal Consumer Issues
Topic: Anyone buy a Toyota Rav4 Hybrid recently?
Replies: 20
Views: 1740

Re: Anyone buy a Toyota Rav4 Hybrid recently?

Have you considered the new Wrangler hybrid? There are currently some pretty insane lease deals since it qualifies for the $7500 federal tax credit. I'm looking at getting a Rubicon one to replace my current Wrangler lease. Should come in under $400/month for 24 months/10k miles on a $59k MSRP car w...
by BruDude
Thu Apr 15, 2021 2:35 am
Forum: Personal Finance (Not Investing)
Topic: YADIR (Yet Another DI Review)
Replies: 2
Views: 496

Re: YADIR (Yet Another DI Review)

The basics look good. Catastrophic rider pays an additional monthly benefit if you become catastrophically disabled. If you’re looking to cut cost I’d remove that one, it’s usually the first thing I tell my clients to cut out if they want to lower the price. The lump sum disability rider is pretty r...
by BruDude
Fri Apr 09, 2021 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 2
Views: 321

Re: Disability Insurance

What’s the reason you want to change your existing policy? Nobody will be able to provide any relevant comments without details of both the existing coverage and the association policies. In general, an association policy will never be as good as a quality individual policy. Cheaper maybe, but not b...
by BruDude
Thu Apr 08, 2021 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance + long term care rider bundle?
Replies: 13
Views: 779

Re: Life insurance + long term care rider bundle?

Withdrawing the money is going to result in the policy crashing very quickly. They are not designed to work that way.
by BruDude
Mon Apr 05, 2021 5:00 am
Forum: Personal Finance (Not Investing)
Topic: Which life insurance to get? Work vs. personal policy
Replies: 34
Views: 2292

Re: Which life insurance to get? Work vs. personal policy

One scenario that I don't think anyone brought up is this: What happens if your employer gets bought out by another company and they change the benefits package? The new company may reduce the maximum amount of group life insurance offered. Then you would be stuck with whatever the new employer offe...
by BruDude
Sun Apr 04, 2021 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Using term life to hedge a spouse's pension?
Replies: 10
Views: 886

Re: Using term life to hedge a spouse's pension?

This is a concept called pension maximization. Sometimes it works sometimes it doesn’t. Depends on the difference in payouts, the age and health of the insured, and how long you need the coverage. The idea is that if the life insurance costs less than the difference in payouts, you can see a scenari...
by BruDude
Sun Apr 04, 2021 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Which life insurance to get? Work vs. personal policy
Replies: 34
Views: 2292

Re: Which life insurance to get? Work vs. personal policy

Severe sleep apnea is almost certainly going to get you declined for the additional coverage through work. This is untrue. I have severe sleep apnea which is completely controlled via CPAP, and I was able to pass underwriting to obtain additional coverage through work. I fully disclosed my conditio...
by BruDude
Sat Apr 03, 2021 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Which life insurance to get? Work vs. personal policy
Replies: 34
Views: 2292

Re: Which life insurance to get? Work vs. personal policy

OP, that sounds like a pretty expensive term rate $1.5m 20 years assume you’re in your late 30s, so the insurance company must have you at a substandard rating (called a table rating). Either they are not competitive on pricing or your health issues are more than mild in their eyes, or both. The co...
by BruDude
Sat Apr 03, 2021 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Which life insurance to get? Work vs. personal policy
Replies: 34
Views: 2292

Re: Which life insurance to get? Work vs. personal policy

OP, that sounds like a pretty expensive term rate $1.5m 20 years assume you’re in your late 30s, so the insurance company must have you at a substandard rating (called a table rating). Either they are not competitive on pricing or your health issues are more than mild in their eyes, or both. The cos...
by BruDude
Thu Apr 01, 2021 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance - free lunch?
Replies: 25
Views: 1944

Re: Term insurance - free lunch?

One more thing - if you are in the US on a visa, most life insurance companies will NOT give you the Preferred Plus or Preferred ratings regardless of your health. Find out before you apply with any company what the best rating available will be with your visa type. If they quote you Preferred Plus ...
by BruDude
Thu Apr 01, 2021 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance - free lunch?
Replies: 25
Views: 1944

Re: Term insurance - free lunch?

The Northwestern Mutual Term 80 product is one of the worst products you can buy. The total premiums over 20 years will be WAY higher than a regular 20-year term, even if they don't raise the scheduled rates (which they still can). Protective Life and William Penn are usually the two best options fo...
by BruDude
Sat Mar 27, 2021 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help Finding Term Life Insurance (pre-existing heart condition)
Replies: 9
Views: 1111

Re: Help Finding Term Life Insurance (pre-existing heart condition)

Hard to say what your chances are without knowing more about the history and specific condition. I have no idea why it would take close to a year to get declined and shop the case, even 6 months is an extremely long time for that. Normal underwriting time is about 2 months, sometimes 3 if they need ...
by BruDude
Sat Mar 20, 2021 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 13
Views: 1286

Re: Life Insurance

$3M sounds reasonable with your income level, it protects the immediate need. You can choose an insurance company that will allow you to reduce the benefit amount an unlimited number of times, that way you don't need to keep the full $3M the entire time. Prudential and Pacific Life are two companies...
by BruDude
Thu Mar 18, 2021 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice about shopping for life insurance after father's sudden passing
Replies: 27
Views: 2244

Re: Need advice about shopping for life insurance after father's sudden passing

Since it was after age 65 it won't effect the health rating for your husband. Just report it to the best of your knowledge and you should be good to go.
by BruDude
Tue Mar 16, 2021 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Assessing Long Term Disability Insurance Plans
Replies: 10
Views: 583

Re: Assessing Long Term Disability Insurance Plans

I think it is wise to go for a 180 day, or even 365 day, elimination period. I think of disability insurance as only for catastrophic career ending problems. Self insuring for a 1 year timeframe is not a problem. Your state and/or workplace may provide additional assistance. The 365-day EP usually ...
by BruDude
Tue Mar 16, 2021 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Assessing Long Term Disability Insurance Plans
Replies: 10
Views: 583

Re: Assessing Long Term Disability Insurance Plans

I think it is wise to go for a 180 day, or even 365 day, elimination period. I think of disability insurance as only for catastrophic career ending problems. Self insuring for a 1 year timeframe is not a problem. Your state and/or workplace may provide additional assistance. The 365-day EP usually ...
by BruDude
Tue Mar 16, 2021 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Assessing Long Term Disability Insurance Plans
Replies: 10
Views: 583

Re: Assessing Long Term Disability Insurance Plans

Policy looks good except you want to add the Regular Occupation rider, which is the "own occupation" definition of disability. With this rider, you can work in another job and still get your disability benefits. Without this rider, you cannot work in another job and qualify as totally disa...
by BruDude
Sun Mar 07, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 5
Views: 405

Re: Term Life Insurance

You won't be able to qualify for any life insurance until you're at minimum 12 months out from being formally cleared by a doctor of any type of cancer treatment. Depending on the type of cancer, you may need 2-5 years clear at minimum. Maximize any coverage you can get through both employers for no...
by BruDude
Wed Feb 24, 2021 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Do I still need disability insurance at 51 with these financials?
Replies: 18
Views: 1542

Re: Do I still need disability insurance at 51 with these financials?

I'd keep it for at least another few years. You're also getting a good "deal" now because you're paying the rate of the age at which you bought it, while you are now older and much more likely to become disabled. You may want to consider removing some of the optional riders, increasing the...
by BruDude
Tue Feb 23, 2021 3:22 pm
Forum: Investing - Theory, News & General
Topic: If you bought Bitcoin, when do you plan to sell?
Replies: 396
Views: 38045

Re: If you bought Bitcoin, when do you plan to sell?

Who knew that $45k BTC would be so painful? If you told me a month ago that BTC was going to be $45k on February 23rd I'd be ecstatic. Funny.
by BruDude
Tue Feb 23, 2021 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is this disability insurance quote fair?
Replies: 8
Views: 375

Re: Is this disability insurance quote fair?

Sounds right for the benefits being quoted. Females pay about 30% more than males for the same coverage, but there’s nothing you can do about that. 180 day EP and age 65 BP will lower your cost by about 20%. Mass Mutual and Standard are typically the two best options for software developers. Guardia...
by BruDude
Wed Feb 17, 2021 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Renew Term Insurance at age 92 or Stop
Replies: 8
Views: 764

Re: Renew Term Insurance at age 92 or Stop

What's the renewal rate? Does the policy simply stop at age 95 or 100? $763 for $10k on a 92 year old is a ridiculously good price since he can't buy a new policy at any price and the rate for someone 10 years younger would be 2-3x that price. Having said that, it's still expensive.
by BruDude
Wed Feb 17, 2021 2:52 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 944
Views: 61434

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

MinnGuyInvesting wrote: Wed Feb 17, 2021 2:39 pm
BruDude wrote: Wed Feb 17, 2021 2:24 pm $51.7k :sharebeer
It's up almost a percentage point since then.
$52.2k
Price info becomes outdated quickly!
by BruDude
Wed Feb 17, 2021 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: term life insurance question
Replies: 7
Views: 292

Re: term life insurance question

I tell everyone the same thing - quotes are meaningless without an offer of coverage. The question is can you qualify for the rates that you are seeing online? If your height and weight automatically puts you in a Standard rating and you are looking at Preferred or Preferred Plus rates, you may be w...
by BruDude
Wed Feb 17, 2021 2:37 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance advice
Replies: 23
Views: 1331

Re: Term Life Insurance advice

$2M 20-year term seems like a reasonable starting point but I'd say it's a little low considering your income and lack of assets if your wife has no plans on working and her and your potential future kids will all be relying on your income. Replace the $750k through work with individually owned cove...
by BruDude
Mon Feb 15, 2021 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: LTD ( long term disability) insurance for self employed software professional worth it ? ( brudude ? )
Replies: 16
Views: 1096

Re: LTD ( long term disability) insurance for self employed software professional worth it ? ( brudude ? )

I see the bat signal has been activated. Sorry for the slowness, got hit with Covid this week and it's been pretty rough to say the least! Sorry that you have COVID, and hope that you make a speedy and full recovery. You're a valued member of this Forum, and your advice on matters such as that rais...
by BruDude
Sun Feb 14, 2021 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend a Life Insurance Company
Replies: 18
Views: 1277

Re: Recommend a Life Insurance Company

Hard to say which company to use without knowing what the specific diagnosis is. You can use an independent agent to "pre-screen" the health history with a bunch of insurance companies to see what rating they would be willing to consider without actually submitting a formal application. Th...
by BruDude
Sun Feb 14, 2021 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: LTD ( long term disability) insurance for self employed software professional worth it ? ( brudude ? )
Replies: 16
Views: 1096

Re: LTD ( long term disability) insurance for self employed software professional worth it ? ( brudude ? )

I see the bat signal has been activated. Sorry for the slowness, got hit with Covid this week and it's been pretty rough to say the least! There are many, many causes of disability that could prevent you from working from home, not just catastrophic injuries. I think it is extremely important for an...
by BruDude
Mon Feb 08, 2021 7:58 pm
Forum: Investing - Theory, News & General
Topic: If you bought Bitcoin, when do you plan to sell?
Replies: 396
Views: 38045

Re: If you bought Bitcoin, when do you plan to sell?

Bitcoin will crash this week; last chance to exit above $40k. The chart looks tired and a couple of the big Bitcoin hloders on Twitter have sold out. Sorry, I couldn’t resist! :mrgreen: :sharebeer Don’t forget this from two weeks ago - https://www.google.com/amp/s/www.entrepreneur.com/amphtml/364066
by BruDude
Mon Feb 08, 2021 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house directly from a developer with no buyer’s agent
Replies: 25
Views: 2078

Re: Buying a house directly from a developer with no buyer’s agent

Use a buyer's agent that will rebate you a portion of the commission. I got half the commission back when I bought my house.
by BruDude
Fri Feb 05, 2021 10:41 am
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 944
Views: 61434

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

Did you bother to read any of the other 1000 posts about crypto? I admit it's challenging, as you need to wade through most people screaming "Tulips!," but some of us here have posted fairly detailed info about specific projects which we believe have tremendous potential, and are already ...
by BruDude
Fri Feb 05, 2021 9:15 am
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 944
Views: 61434

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

BruDude wrote: Thu Feb 04, 2021 6:48 pm
Massdriver wrote: Thu Feb 04, 2021 3:51 pm Besides ETH and AAVE, what other alt coins are you all interested in?
SNX, COMP, UNI, BAL, DOT, CRV, MKR, SUSHI, FLOW, not in any particular order. The top DeFi coins have been scorching hot.
It’s been a good morning, a good day, a great week, and an unbelievable year. :sharebeer
by BruDude
Thu Feb 04, 2021 6:48 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 944
Views: 61434

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

Massdriver wrote: Thu Feb 04, 2021 3:51 pm Besides ETH and AAVE, what other alt coins are you all interested in?
SNX, COMP, UNI, BAL, DOT, CRV, MKR, SUSHI, FLOW, not in any particular order. The top DeFi coins have been scorching hot.
by BruDude
Thu Feb 04, 2021 12:25 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 944
Views: 61434

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

AAVE about to cross $500...glad I bought at $107 a month ago. And $159 two weeks ago on the dip. Crazy
by BruDude
Thu Feb 04, 2021 9:27 am
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 944
Views: 61434

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

The year is 2023. The scene is a senate hearing about bitcoin. An 85 year old senator asks the president of bitcoin “so you’re telling me this “coin” is worth $250,000? And I can’t even see it or touch it? Well, clearly this must be a scam” The year is 2021. A self-avowed bitcoiner sits on the sena...
by BruDude
Wed Feb 03, 2021 10:58 pm
Forum: Investing - Theory, News & General
Topic: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“
Replies: 944
Views: 61434

Re: “New Bitcoin Investors Explain Why They’re Buying at Record Prices“

The year is 2023. The scene is a senate hearing about bitcoin. An 85 year old senator asks the president of bitcoin “so you’re telling me this “coin” is worth $250,000? And I can’t even see it or touch it? Well, clearly this must be a scam” UMA was 26 cents in October. It is now $29. Just saying. An...
by BruDude
Tue Feb 02, 2021 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 3
Views: 504

Re: Life Insurance

$1.5-2M each seems reasonable. If it’ll help you sleep better at night pay then extra cost for the 20 year, it won’t be a huge difference. I would suggest replacing your group supplemental coverage. Those rates will increase every year or every 5 years, and when you leave the employer you will lose ...
by BruDude
Sat Jan 30, 2021 3:45 am
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a Porsche 911 as an investment....
Replies: 103
Views: 7125

Re: Talk me out of buying a Porsche 911 as an investment....

The big unknown is the impact of EV's to the car culture. I have 4 vehicles,basically one of each, truck, SUV, sedan, and OTS. I am trying hard not to buy another. in simple engineering terms, a high performance EV will crush any high performance ICEV. My concern as an avid hobbyist is say you have...
by BruDude
Fri Jan 29, 2021 5:16 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 229999

Re: [GameStop GME trading mega-thread]

. Our financial system is outdated and need to move to blockchain. There is much chatter that this whole episode is net-positive to decentralised blockchain technologies and crypto-usage. Bitcoin has climbed very strongly overnight and continues this morning (Currently over 36k). If Elon announces ...
by BruDude
Thu Jan 28, 2021 1:58 pm
Forum: Personal Consumer Issues
Topic: Alternative speculative asset - digital trading cards (NBA Top Shot)
Replies: 79
Views: 5094

Re: Alternative speculative asset - digital trading cards (NBA Top Shot)

I entered the raffle to get the Cool Cats pack just for fun, don't think I won though, lol. They delayed the raffle because so many people have signed up and been crashing the system. The cheapest card from the Cool Cats pack is currently $275 from a $14 pack. How much will these be worth when ther...
by BruDude
Thu Jan 28, 2021 1:25 pm
Forum: Personal Consumer Issues
Topic: Alternative speculative asset - digital trading cards (NBA Top Shot)
Replies: 79
Views: 5094

Re: Alternative speculative asset - digital trading cards (NBA Top Shot)

Actually, there's also something called NFTX, which makes index funds out of NFTs. Very strange idea, but it exists. They don't have a Top Shots index though yet, though I would imagine they would open one since it's the #1 NFT collectible currently https://nftx.org/ Interesting, I'm trying to wrap...
by BruDude
Thu Jan 28, 2021 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 7
Views: 518

Re: Disability Insurance

2. Guardian has the best coverage you can get. Mass Mutual, Ohio National, Principal, Standard, and Ameritas are also considered "top tier" companies. There is $0 cost for using an independent broker, I would highly recommend doing that. Disability insurance is a relatively complex produc...
by BruDude
Wed Jan 27, 2021 7:17 pm
Forum: Personal Consumer Issues
Topic: Alternative speculative asset - digital trading cards (NBA Top Shot)
Replies: 79
Views: 5094

Re: Alternative speculative asset - digital trading cards (NBA Top Shot)

Yeah, probably due to the popularity of Top Shots Mark Cuban tweeted about Rarible (RARI token) today and it immediately went up 70%. Every time a new piece of NFT art comes out it sells out immediately. Every time a new NBA Top Shot pack comes out it sells out immediately. NFT's are going to be hu...
by BruDude
Wed Jan 27, 2021 7:03 pm
Forum: Personal Consumer Issues
Topic: Alternative speculative asset - digital trading cards (NBA Top Shot)
Replies: 79
Views: 5094

Re: Alternative speculative asset - digital trading cards (NBA Top Shot)

The OP's comment about wanting to buy equity in the private business was clearly not "I want to buy equity without even looking at the financials!", rather he was lamenting that the opportunity wasn't even available at all. Your claim that you're "investing in businesses that create ...
by BruDude
Wed Jan 27, 2021 2:26 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 229999

Re: GameStop GME: anyone joining?

SaveStrong wrote: Wed Jan 27, 2021 1:45 pm Great earlier (today) interview with Chamath for those interested:
https://www.youtube.com/watch?v=2h7jfN ... e=youtu.be
Love me some Chamath