Recent content by Tommy

Would like information as to exactly how expensive Hawaii is to retiree to. Would like an area (if possible) where a small apartment can be rented reasonably, has public transportation, is safe and has its share of activities and nightlife. Should be fairly close to the beaches but if travel is...

Yes the plan is designed for the poor

It is a hard situation in NJ for many who have to pay the high premiums. I do think most individuals are on some type of group plans. Reasons being NJ is a money state alot have good jobs. They work in Manhattan for good firms, there are unions for blue collar workers with good benefits, state...

The problem with buying long puts and calls is that that 80% of them expire worthless. That means you lose the premium which is the amount you paid for them. Hedge funds managers can combine all types of stratagies to make money in both bull and bear markets. Thats why alot of the managers make...

I think a consideration in the magic number is whether the money is pre tax or post tax. If it's pre tax the 4% withdrawal is subject to a bigger income tax bite than post tax. That means the spending power of the 4% is reduced. Another realistic reduction to the 4% withdrawal is money that...

The Oxford premiums per the NJ Dept. of Insurance can be had from $563. upward for 1 person. Look at the high risk pool rates amongst other states. They range more than that. Hippa rates are also about the same as high risk pools. Usually $800 upward for 1 person. If you don't meet the...

New Jersey health insurance premiums cannot be considered high if someone is greater than a standard risk. Its the healthy individuals that pay more than most other states. The HMO's offered even though they are expensive are generally less than a Hippa plan in a non guarantee issue state.

LGFNB, any suggestions as to what parts of Florida have reasonable costs of living and still have some Fort Lauderdale / Miami lifestyle.

Would the premium for one person in a group of 1 be about the same as a Hippa rate?

Not totally true, every card that you borrow money from request that the funds are put into your checking account. Then have all the funds transfered from checking to an onliine savings that earns 5% plus in interest. Have every credit card company automatically deduct the minimum payment from...

If it is set up properly it does not require much effort. Possible trouble can arise if you do not pay off the balance in full prior to the 0% rate expiring. I think the risk is less than the market but there really is not alot to be made. Banks are going to make their money on those who do...

You can make money on these and its probably worth it if your credit line is high enough. Lets say there are 4 cc's with a credit lines of $20,000 each. The 3% fee has a cap of usually $50 - $90 total. Borrow the max minus $100 on all cards, pay about $300 in up front fees and put the $79,600...

Okay vs a $900 per month premium the HSA $216 appears to be the best choice. But most non high risk premiums are not $900. Maybe $400 - $500, cobra the same. And many people of ER age wind up in a docters office more than once a year. Something that may not be serious may require alot more...

HSA's or high deductible plans will save money on premiums but I think there are alot of factors to consider with them. Routine medical stuff is just too expensive. Preventive care such as blood tests, X rays, MRI's will cost alot of money. An annual visit to an MD may require some or all of...

I have read and heard about getting on a group health plan through an association of some type. Has anyone ever known of an organization or club that insures offer insurance to their members?