Would it make sense to not have LTC insurance, and when you think you need it to purchase an immediate annuity? Aren't insurance companies happy to sell you an immediate annuity if you're in poor health?
Jonathan - In our last annual wellness visit I told our family physician that if it's late in December and I'm on a respirator to keep me on it until January 1st of the following year so my wife could file a joint income tax return for that year. I figure that will save her a couple thousand dollars in taxes and give her some time to sort things out. - Dave
I think you guys are all smarter than I am and you disagree a lot. That tells me my decision to delay taking benefits until age 70 might have been the right one. I'm OK with that.
Thank You - Dave Baese
Johnathan
You've done great work and I've been reading you since your WSJ days. I like Humble Dollar for the polite conversations and insights of the readers. They are a reflection of you. I suspect that 99% of us are educated and financially secure. What I wish is that we had conversations with currently poor folks. I suspect we'd have a lot to learn from each other. Thank you for existing. - Dave
Jonathan,
I very much appreciate your writing and what you've created with this website. I especially like your use of the word "resilience." I call it "sleep good" money. The market can go down 1000 points in a day and it's more of an opportunity than a problem. Thank you for your generosity with your insights, - Dave Baese
Jonathan - Regarding # 3, "The Widows Tax," I've told my wife and our M.D. that if I'm dying on Dec. 31 I want to be put onto a cheap resuscitator so I stay alive until Jan.1. Then they can yank the cord, let me die, and my widow can file a joint return for that year, and have that full year to figure out the best tax strategies for her remaining years. - Dave
Comments
Richard, I agree with you. That's why I think you're a genius. Dave
Post: You versus Social Security – Quinn is betting against you.
Link to comment from May 14, 2025
Would it make sense to not have LTC insurance, and when you think you need it to purchase an immediate annuity? Aren't insurance companies happy to sell you an immediate annuity if you're in poor health?
Post: How Are You Planning to Pay for Potential Long Term Care Expenses?
Link to comment from February 12, 2025
I think it' very important that the charities I contribute to get my donations. I think it's even more important that I give the money.
Post: Does Charitable Giving Make Things Better?
Link to comment from February 1, 2025
Jonathan - In our last annual wellness visit I told our family physician that if it's late in December and I'm on a respirator to keep me on it until January 1st of the following year so my wife could file a joint income tax return for that year. I figure that will save her a couple thousand dollars in taxes and give her some time to sort things out. - Dave
Post: Death Benefits
Link to comment from October 24, 2024
I think you guys are all smarter than I am and you disagree a lot. That tells me my decision to delay taking benefits until age 70 might have been the right one. I'm OK with that. Thank You - Dave Baese
Post: Just the Facts by Jonathan Clements
Link to comment from October 19, 2024
Johnathan You've done great work and I've been reading you since your WSJ days. I like Humble Dollar for the polite conversations and insights of the readers. They are a reflection of you. I suspect that 99% of us are educated and financially secure. What I wish is that we had conversations with currently poor folks. I suspect we'd have a lot to learn from each other. Thank you for existing. - Dave
Post: No Regrets
Link to comment from September 10, 2024
You are a good man, Richard. My wife feels a lot better about me after reading your articles.
Post: Women and men are different. Quinn’s in trouble again
Link to comment from August 19, 2024
Jonathan, I very much appreciate your writing and what you've created with this website. I especially like your use of the word "resilience." I call it "sleep good" money. The market can go down 1000 points in a day and it's more of an opportunity than a problem. Thank you for your generosity with your insights, - Dave Baese
Post: Turning on a Dime
Link to comment from August 10, 2024
Jonathan - Regarding # 3, "The Widows Tax," I've told my wife and our M.D. that if I'm dying on Dec. 31 I want to be put onto a cheap resuscitator so I stay alive until Jan.1. Then they can yank the cord, let me die, and my widow can file a joint return for that year, and have that full year to figure out the best tax strategies for her remaining years. - Dave
Post: Unasked Questions
Link to comment from August 3, 2024
Excellent article. Excellent insights in the comments. Thanks to all of you. - Dave
Post: Better to Be Rich?
Link to comment from July 14, 2024