Recent content by DaveLeeNC

My Mom lived alone well past the time that most would think 'this is a problem'. And maybe we were lucky that she did not encounter a serious accident because of this. However she was still all there mentally and there came a time when she realized that she could not do that any more. So we...

I had hip pain and 6 weeks of PT did nothing to resolve that. The problem turned out to be spinal stenosis in the lumbar region of my spine. You never know and, as was the case for me, the first answer by a very good orthopedic surgeon may not be the ultimate answer. dave

I was the giver of this worst gift. My wife got Covid from me and her first symptoms and first positive test was Christmas morning of 2023. dave

Correct me if I am wrong here, but there is no "state guaranty fund". There is a state guaranty association that, if something happens to your annuity, they will try to do something about it (with limitations). My mega corp pension was recently transferred to two LARGE insurance companies. If...

I guess the government and my former employer consider SPIA's and non-cola pensions the same thing as my non-cola pension was converted (by my employer) to a SPIA (owned by an insurance company - pair of them to be accurate here). dave

@Finally FI - you need to be careful here regarding how this works. This was valuable information. Thank you! I ended up at this site: Guaranty Association Laws, which indicates coverage is similar to FDIC at $250k per person per institution in my state. So for the $500k I'm considering...

Thank you, @cathy63 . I believe that answers the question. dave

Thanks for the responses. The following from https://www.irs.gov/retirement-plans/required-minimum-distributions-for-ira-beneficiaries is useful but not totally clear. It does not say that the beneficiaries MUST take the owner's RMD (and the context here - did the owner take his/her RMD or not -...

The situation is an IRA where the owner died in May 2022 (before taking her RMD). There were 7 beneficiaries and the account transfers are complete. I don't know why I thought this but I was under the impression that one (or more) of us must make a withdrawal equal to (or greater than) the RMD...

Is there a 'good' identify protection service out there? My SS#/etc is clearly "out there" as deposit accounts have been set up in my name multiple times. From all that I know this is invisible to the various credit services and identity theft protection services. I currently have the basic...

I am not worried about it - I just want to understand what is or is not in place to protect against such an event. dave

Thanks for the response. It is the bold part that I am trying to understand. My 'concern' is not specific to D&C and is not really a concern at all. But I don't have any understanding of how funds might or might not be insured against fraud that results in a material loss of value. For example...

If I own (for example) a Dodge and Cox mutual fund in a Fidelity account, the SIPC insures losses due to fraud at Fidelity - if those shares were to disappear from my account, this would be covered by the SIPC up to SIPC limits. Is there an equivalent protection for a similar fraud within...

I have a occasional use email ID that I use that is No1UvHurduv. I tried to get a Facebook ID with the name Noone Uv Hurduv but it was rejected - I think they decided that it was the name of a business. dave

It is very interesting that there was this huge rush to beat the 10/2022 deadline. And now it would seem that unless your Ibond horizon is pretty short, purchasing on 11/1/2022 would seem to be a better choice vs. 10/31/2022. I do not recall anybody speculating on that outcome. FWIW, it looks...