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Tell us about yourself:
I'm analytical and good at working with numbers. Since retiring in 2015, I've become more interested with healthy eating and increasing physical activities. Although I've been gardening for 26 years, I've increased my gardens from 200 sf to 250 sf and committed to walking at least 3 miles/day (weather permitting). I've also ventured into making wine which is healthy as well.
Area of knowledge and what I know well:
Employee Benefits including retirement plans (defined contribution and defined benefit), health insurance (self funded and insured), and financial funding both organizational and individual.
Certificates/Awards
Bachelor of Science - Business Administration
05/1974
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All Activity

@GaryR833755 I am familiar with the GMIB. It is one of several "Living Benefits" options that insurance companies offer. You may recall I mentioned "Living Benefits"in my April 9th reply. Living Benefits with a VA are a good solution for folks who wa...
Tonster521 04-12-2024 05:19 AM
1
Reply
0
Kudos
127
Views
@GaryR833755 Insurance companies do not pay $3,735 per month or $44,820 per year for a $80,000 premium. The monthly amount you indicated is the range of a $400,000 to $500,000 LA premium, not $80,000. Call it $450,000, it will take you at least 10 ye...
Tonster521 04-10-2024 06:13 PM
1
Reply
0
Kudos
204
Views
@GailL1 Thanks for the "thumbs up". Prior to my retirement in 2015, I was hearing the "pre-funding" concept from some Unions (private sector) as they tried to address increasing retiree health insurance liabilities. Of course, they wanted Employers w...
Tonster521 04-10-2024 05:36 AM
0
Replies
0
Kudos
57
Views
@GaryR833755 Here is the link that may help. I inadvertently to copy and paste. https://www.usaa.com/inet/wc/advice-retirement-rate-of-return-income-annuity?akredirect=true
Tonster521 04-09-2024 10:56 PM
0
Replies
0
Kudos
280
Views
@GaryR833755 LA can be a viable solution for creating an income stream. However, when you review their rates of return, they are generally negative until you attain average life expectancy.Thereafter, LA have positive rates of return the longer you l...
Tonster521 04-09-2024 10:53 PM
1
Reply
0
Kudos
281
Views
@GaryR833755 I am familiar with the GMIB. It is one of several "Living Benefits" options that insurance companies offer. You may recall I mentioned "Living Benefits"in my April 9th reply. Living Benefits with a VA are a good solution for folks who wa...
Tonster521 04-12-2024 05:19 AM
1
Reply
0
Kudos
127
Views
@GaryR833755 Insurance companies do not pay $3,735 per month or $44,820 per year for a $80,000 premium. The monthly amount you indicated is the range of a $400,000 to $500,000 LA premium, not $80,000. Call it $450,000, it will take you at least 10 ye...
Tonster521 04-10-2024 06:13 PM
1
Reply
0
Kudos
204
Views
@GailL1 Thanks for the "thumbs up". Prior to my retirement in 2015, I was hearing the "pre-funding" concept from some Unions (private sector) as they tried to address increasing retiree health insurance liabilities. Of course, they wanted Employers w...
Tonster521 04-10-2024 05:36 AM
0
Replies
0
Kudos
57
Views
@GaryR833755 Here is the link that may help. I inadvertently to copy and paste. https://www.usaa.com/inet/wc/advice-retirement-rate-of-return-income-annuity?akredirect=true
Tonster521 04-09-2024 10:56 PM
0
Replies
0
Kudos
280
Views
@GaryR833755 LA can be a viable solution for creating an income stream. However, when you review their rates of return, they are generally negative until you attain average life expectancy.Thereafter, LA have positive rates of return the longer you l...
Tonster521 04-09-2024 10:53 PM
1
Reply
0
Kudos
281
Views
@GaryR833755 I am familiar with the GMIB. It is one of several "Living Benefits" options that insurance companies offer. You may recall I mentioned "Living Benefits"in my April 9th reply. Living Benefits with a VA are a good solution for folks who wa...
Tonster521 04-12-2024 05:19 AM
1
Reply
0
Kudos
127
Views
@GaryR833755 Insurance companies do not pay $3,735 per month or $44,820 per year for a $80,000 premium. The monthly amount you indicated is the range of a $400,000 to $500,000 LA premium, not $80,000. Call it $450,000, it will take you at least 10 ye...
Tonster521 04-10-2024 06:13 PM
1
Reply
0
Kudos
204
Views
@GailL1 Thanks for the "thumbs up". Prior to my retirement in 2015, I was hearing the "pre-funding" concept from some Unions (private sector) as they tried to address increasing retiree health insurance liabilities. Of course, they wanted Employers w...
Tonster521 04-10-2024 05:36 AM
0
Replies
0
Kudos
57
Views
@GaryR833755 Here is the link that may help. I inadvertently to copy and paste. https://www.usaa.com/inet/wc/advice-retirement-rate-of-return-income-annuity?akredirect=true
Tonster521 04-09-2024 10:56 PM
0
Replies
0
Kudos
280
Views
@GaryR833755 LA can be a viable solution for creating an income stream. However, when you review their rates of return, they are generally negative until you attain average life expectancy.Thereafter, LA have positive rates of return the longer you l...
Tonster521 04-09-2024 10:53 PM
1
Reply
0
Kudos
281
Views
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Public Statistics
Date Registered ‎03-16-2016 04:09 PM
Last Visited ‎04-16-2024 11:40 AM
Total Messages Posted 361
Total Kudos Received 189
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