Recent content by johnhkc

True. One might not but two could. This is the strongest argument for insurance. I wonder, though, if it can't be less expensive by fiddling with deductibles and coverage exclusions. Well, I guess my question was answered. It was interesting! Thanks all.

Roth.

Yes.

Is there a way to compensate for likely SORR by oversaving (like a downturn hedge)? I have a 33.33% "recession risk" item in my budget. It's 1/3 of all core expenses excluding health stuff which is a different fund due to wildly different inflation numbers. Also, do you know if anyone on...

The 5.773 real rate of growth is 9.826 nominal minus 4.053 Yes, I compensated for inflation by subtracting it from the nominal rate of return. That rate was 70/30 stock bond which is computed from a basket of mutual funds dating back to the 1930s. I used intermediate bond funds and a mix of...

If something costs $10 per month every month on a regular basis over the next 45 years, the total cost is $5,400. If I add in inflation (I used the CAGR of actual recorded inflation since 1973), it comes to $14,045.74. But I don't want to pay $14K so I take $2,001.80 and shove it into an...

You'd have to choose the right community. :laugh:

Here's another wacky idea of mine. I'm on a roll today. We've all seen news stories about elder abuse especially financial abuse, scams, etc. What if you could receive your pension/SS/whatever in a new crypto currency called GeezerCoin which would use community review to veto fraudulent...

Sorry. I wasn't trying to troll anyone. I was typing without thinking and drawing an analogy where none existed.

Network price is cash price. The astronomical charges exist to pay for the EMTALA non-payers and the other govt plans that don't pay the full price. You can buy into a pre-packaged network if negotiated prices are all you want. I asked the question to see if anyone else is thinking the way I...

You pay into it but is it worth the hassle signing up for it? Year after year. Which drug plan? Network limits, doctor choice limits, etc. Planning around it all. To me, I think it would be easier to use interest on savings to pay a huge deductible thus lowering the premium of a...

Memory unit? You can put RAM in your head?!? When I was in high school, I loved programming computers and science so much that I wanted to have a math co-processor (FPU) in my head so I could do complex math equations quickly. That way, if you don't know something, you don't have to waste a...

I should have left that comment out - it wasn't my main point. However, from the IRS 1040 instructions (2018 is the latest I have): SocSec / Medicare = 41% Social programs = 22% Defense = 20% Interest on the debt = 8% Comm development = 7% Law enforcement/general govt = 2% What are your...

More what? They're both in the red!

I wonder if Example 1 could get the care he wants if on Medicare? If you don't take Medicare, you can't get SS. Maybe Example1 took Part A but handles the rest separately? I wonder if you can do both or will an insurer balk at that?