A lot of good people out there! However, it really does have to be Jonathan Clements. It's not just about the money itself. It's about what it signifies and the place it has in maneuvering through a tricky life. It's great to be able to discuss asset allocation, staying the course, and low cost index funds, but it's how you use the money that ultimately matters in the end. Jonathan has taught me that year after year, and just gets more meaningful over time.
A lot of terrific information here, but one thing I'd really stress is understanding what exactly your state allows regarding switching supplemental plans without underwriting. Some states are extremely generous (such as no restrictions with switching); some states allow some flexibility (such as allowing a subscriber to go from a plan with a lot of benefits to a plan with less benefits); and, some states are very restrictive and allow very little room to maneuver changes without underwriting.
QCDs are a great way to give! One small word of caution: when you're using QCDs, you're responsible for making sure that everything's documented properly. Meaning, you'll still need a letter from the charity stating you've received nothing in return for your donation (just like you would if making any donation and deducting it), and you're responsible for making sure the check is cashed. You don't want to find yourself in a pickle if that check you sent in November somehow gets lost. For this reason, QCDs early in the year might be a good option overall.
Comments:
A lot of good people out there! However, it really does have to be Jonathan Clements. It's not just about the money itself. It's about what it signifies and the place it has in maneuvering through a tricky life. It's great to be able to discuss asset allocation, staying the course, and low cost index funds, but it's how you use the money that ultimately matters in the end. Jonathan has taught me that year after year, and just gets more meaningful over time.
Post: Something About Harry
Link to comment from October 19, 2024
A lot of terrific information here, but one thing I'd really stress is understanding what exactly your state allows regarding switching supplemental plans without underwriting. Some states are extremely generous (such as no restrictions with switching); some states allow some flexibility (such as allowing a subscriber to go from a plan with a lot of benefits to a plan with less benefits); and, some states are very restrictive and allow very little room to maneuver changes without underwriting.
Post: Medigap pricing question
Link to comment from October 15, 2024
Wonderful interview in every way.
Post: The Long View Podcast: Jonathan Clements: ‘Life Is Full of Small Pleasures’
Link to comment from October 15, 2024
QCDs are a great way to give! One small word of caution: when you're using QCDs, you're responsible for making sure that everything's documented properly. Meaning, you'll still need a letter from the charity stating you've received nothing in return for your donation (just like you would if making any donation and deducting it), and you're responsible for making sure the check is cashed. You don't want to find yourself in a pickle if that check you sent in November somehow gets lost. For this reason, QCDs early in the year might be a good option overall.
Post: Our annual give it away meeting
Link to comment from October 15, 2024