@shawbridge - ACL surgery has progressed a lot in the last 15 years, so hopefully they can fix you up even better than the first time.
Mine has a cap between $350k-$500k for which I pay about $88 per month pretax. So itās almost free to me. When I retire then is when I have to pay after tax, not as good as when Iām working.
- If you have less than $500k in liquid assets, forget LTCi.
- If you have more than $2.5M in liquid assets, forget LTCi.
- If you currently aren't insured, you probably should forget LTCi and save more.
- If you are currently insured, you probably want to continue paying premiums. When premium increases are announced, think about your health, age, asset level, etc. and make a decision.
On the LTC research path again. Was surprised to see no recent activity in this thread. Must mean some of you are now happily retired, out doing fun stuff 
We pass your requirements, Ixnay, but still felt that LTC provided some peace of mind. Plus, IIRC (and I could be wrong) DH is my companyās bookkeeper, and I believe I am allowed to provide this benefit from my business. I could be totally wrong, though. Thats from memory.
@jym626, arranging for peace of mind is above my pay grade :).
H is getting on the same page with retirement planning. I realized we have 8 years to pay on the house and he plans to retire in 6. Discussed this with him with our day trip together. I am trying to get back to work, but H now knows to seek out an overseas assignment if one comes up - we then can do the home improvements to sell the house and downsize. His company usually works the snot out of people working overseas (compensated well, but long work days). We have some time to sort it out. Plus in a few months we can start taking distributions from retirement money as H turns 59.5. We have done a lot of things ārightā over the years. Hās job continues to be secure. DDs continue with college. Health seems to be good on the home front. Our little boat is floating along fine w/o too much water to bail out.
Well this week my husband filed for retirement and Social security. He seems to feel a lot better since he told HR. The only snitch is the SS, he filed to received benefits for Jan but somehow the SS person told him the check will be arriving in Feb.
Oops I meant hitch not snitch, autocorrect be damn.
Does anyone know how the roll-over from roth 401k to roth IRA works? Is the 5-year rule apply to the roll over?
I think, the emphasis is on think, not sure if itās still accurate anymore. If you have an existing Roth that has been opened for 5 years than that should satisfy the 5-year rule. Iāve asked this question before so I think thatās what I was told. I did move the a Roth IRA to a 5-year savings account, back when it has very high interest rate to satisfy this requirement.
The Roth 5-year-rule is based upon when you first opened any Roth IRA. So, if you established a Roth 5 years ago, you are āgolden.ā
Often, the 5-year requirement is met in less than 5 years, as you are considered to have opened a Roth IRA as of Jan. 1 of the calendar year in which the Roth is set up. So, if you were to establish your first Roth on Dec. 31 of this year (2015), you will reach the 5-year requirement as of Jan. 1 of 2020 (4 years and one day later!).
The confusion arises often because many think of IRAs as separate ACCOUNTS, because the financial industry routinely calls them Individual Retirement ACCOUNTS. Actually, the proper name is Individual Retirement ARRANGEMENTS (yes, please check the tax code). If you have multiple IRAs, all your "traditional IRAs are āoneā IRA, and all Roth IRA are considered to be āoneā Roth IRA in the eyes of the IRS.
This isnāt really money related, but something worth repeating. Apparently, when you are first eligible to get medicare, you can get a medigap supplemental policy with no physical or anything required. BUT, if you opt for the HMO type plan instead (I think they call them Advantage plans), you cannot later get the medigap plan with no physical or whatever required. I just learned this the hard way, with my mother. She has insurance that is not useful in my state, so I wanted to switch her to a nation-wide plan. Now Iām not sure what we will do.
An update to my post above elated to medicare. If you move, and the place you move to does not offer the advantage plan you have, then you can get the medigap coverage for the first 60 days after the move.
Iāve been reading this week about the Medicare increase and that if you donāt pay yours through SS, you will pay the increase but if you pay it through SS, you wonāt.
As I will lose my SS benefit if I work long enough under a non-SS plan, this concerns me.
Does anyone have a good resource to figure this out?
@dragonmom, I do not have any good resource, but I can tell you me any calls on this subject left me frustrated. The best source of info. I found was at a center for aging, in a county close to mine.
OK- got a question- what does this mean?
IRA A/C John Doe?
we are in the process of helping with FILās paperwork and we came across this.
what does A/C mean? I cannot figure this out.
what is custodian and what is trustee?
Basically the same except custodian takes care of an individual account, trustee takes care of a trust?
A/C = account
@drgoogle If H is eligible for SS for January, the check comes early Feb. You donāt get a check during the first month you qualify - you get paid for the month after the month is over - either towards the end of the month or beginning of the next depending on how your auto payments get set up.
If a SS recipient dies in a month and a payment gets made, that payment has to be returned. Have to live through the month. My mom died Nov 1 so we didnāt have to return Oct payment.