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You are. If I had a net worth that large, I might even consider upping my ride.

You neglect to talk about their obligations/liabilities. They may have $19 billion in reserves but $1 trillion in liabilities. I have no idea what the figures are, but I’ll trust AM Best, not you.

I looked up the AM Best rating on Genworth. It is currently C++, which means (per AM Best), Genworth has “marginal ability to meet its ongoing insurance obligations”. Translation….expect more rate hikes. I’m basically at the point where I am not seeing the insurance component of this product...

Just as a point of comparison, ours is as follows: (1) benefit payments currently are about $10,200 per month (2) 5% compounded increase each year (3) Max payout for 8 years….joint policy with wife. If I use 1 year, she has 7 years left. (4) 2021 Premium: $3087; Proposed 2022 Premium: $4137

Just got my annual bill and notification of premium increase for my LTC policy from the bastards at Genworth today. I’ve had the policy for 17 years, and for the past 7 years or so, they have been either increasing the policy and/or giving me the option to reduce benefits to offset the premium...

San Antonio will be here long after the pandemic is over (I hope).

Honestly, I would wait until Omicron passes..but that’s me. We take out food (or eat outside) don’t eat in any restaurants…all of these places have take out/outdoor dining. Singh’s is really good for Vietnamese food…not fancy, inexpensive…try the ribs and bahn mi We like to go to Velvet Taco...

Very useful, thank you.

I am not complaining. I think I have been more than clear that I am in general satisfied with the advisor and recognize that the one year under performance of the previously mentioned 1.5% vs a 60/40 portfolio is likely not large enough or a long enough period of time to consider changing...

I need to articulate my thoughts more clearly or choose my words better. I am not unhappy with the advisor…not sure if I can be any clearer with that, but with my limited writing skills, that’s the best way I can express it. I engaged them about a year ago, and their portfolio has...

My portfolio is about $4 million; fees are $14,500 per year. As the portfolio grows (or shrinks) the fee will remain unchanged (so long as they don’t raise the fixed fee). If my math is right, that works out (currently) to about .4%. The underlying cost of the funds they invest in are...

Would be interested in the thoughts of those here. After managing my (and my wife’s) nest egg independently for our entire working lives, I handed over the management of our money to a fee only CFP. I like the advisor, I am happy with the fee structure (fixed fee regardless of the amount of...

Wow….I knew the rates at Emma were high, but did not realize they were $800 high. Had I known, I would not have even mentioned the place. There are dozens of other places right on the Riverwalk (further south and closer to the hub of activity nearer downtown) that I’m sure would be more than...

I’m not sure what your budget is, but if you are reasonable mobile, I would suggest the Hotel Emma at the Pearl. The Pearl is at the northern most end of of the Riverwalk, and is an old brewery that has been converted into a shopping, dining, entertainment complex. Even if you don’t stay at...

This is late and given Omicron your plans may well be on hold, but my own observations about folks here in San Antonio (where I live) is that there are a lot of people who are pretty casual and/or seemingly unconcerned about wearing masks and socially distancing. There are few, if any...

I’m sure there are shades of gray, but basically, yeah, if you are on salary, then I would consider that person a professional. If you made $70,000 per year regardless of the amount of time you taught, graded papers, tutored kids after class, that would meet my definition. A lawyer who works...

I would agree with your statement. I don’t think being a professional pertains to the job one performs, how they dress, the amount of education one requires to do the task, etc. To me it reflects the manner in which one agrees to be compensated (as I described above). When I was a kid cutting...

That’s interesting, and unfortunate.

I would suggest a target date fund. One deposit and done…let Fidelity reallocate each year. Sit back and hopefully let time do it’s thing.

Charging a fixed and agreed upon fee for a service or product. I would consider a physician who charges $5000 to do a procedure a professional…she cuts you open and spending on what she finds, it may take her 2 hours or 10 hours to address the issue. But regardless, they charge the same...

I would not consider the purchase of land as “spending”. In my mind that is just reallocating your assets from cash to real property/land. I would deduct that amount form any calculation of spending.

My wife and I have only flown twice since this ordeal began. My experience (flying United) was that the airline staff were all talk an no action. Plenty of announcements on the plane to wear and stay masked, and no action to ensure folks complied. We were pretty disappointed and it certainly...

We recently purchased a new house and took on a mortgage after being mortgage free for a number of years. We are both retired now. I had considered paying off the note ($260,000 at 3.00% for 30 years) as we have the resources and I am generally more comfortable not carrying any debt. But with...

Pretty easy to write something knowing what you mean to convey, but having someone else interpret it otherwise…I’ve done it dozens and dozens of times.

I understand your point, but I would respectfully disagree. The tax code, like all parts of the law, is a living/dynamic thing that reflects the political and financial realities of the times. Given the physical size of the bills introduced by the Congress, I genuinely doubt that very few...