"The Phantom Dork" <thephantomdork[at]soccerfield.net> wrote in message
news:60ore0dj5v7icc0vf64fq1p96mn2ma4fkq[at]4ax.com...
- quote -

What you need is a local agent that is familiar with medically underwritten
immediate annuities.

Tell them you want a quote for a MEDICALLY UNDERWRITTEN Immediate Annuity.
They should complete an application, not unlike a life insurance
application, but with one subtle difference. Instead of trying to downplay
your health conditions to get the best (lowest) premium, you want the
opposite, so complete candor works in your favor. Your doctors will have to
attest to your condition via an Attending Physician Statement. It is always
a good idea to talk to your doctor in advance and tell them what you're
doing. Why? Doctors are human, and they tend to describe conditions and
prognosis in the best light when deailng with insurance companies. In this
case, you don't want that kind of help.

An annuity with a lifetime contingency's payment is based upon life
expectancy of an average person in good health. A medically underwritten
annuity can provide HIGHER payments, because of a different life expectancy.
How much more depends on gender, age, and some other variables. As one
ages, or as their health changes for the worse, the payments continue to get
better for a newly issued contract. If the plan isn't what you want today
doesn't mean it won't be a lot more attractive as the years pass.

If you want, I may be able to refer you to someone local.

Brent D. Gardner, ChFC
Chartered Financial Consultant
http://members.cox.net/brentdgardner1378/

"Be ever questioning. Ignorance is not bliss. It is oblivion. You don't go
to heaven if you die dumb. Become better informed. Learn from other's
mistakes. You could not live long enough to make them all yourself." - Hyman
George Rickover (1900-86), Admiral, US Navy, advocated development of
nuclear subs & ships

The Chartered Life Underwriter (CLU) and Chartered Financial Consultant
(ChFC), designations owned and exclusively offered by The American College,
signify the highest standards of academic study and professional excellence
in the financial services industry.

I agree with Michael.

Another consideration is that part of the value of real estate is that
depreciation provides a tax defferal on taxable income. Since your
disability income is not taxable, the benefit may be reduced.

You need help with a portfolio that provides income and long term
growth. Either DIY by reading some investment books or hire an
advisor.

Frank


- quote -

The Phantom Dork <thephantomdork[at]soccerfield.net> wrote:

- quote -

If I were you, I would shy away from rental real estate, or any kind of
real estate speculation. That takes a lot of work to make money at. If
your health issues prevent you from working a full-time desk job due to
energy problems, rental real estate could easily become a *huge* hassle
that you'd want to be rid of. Not all tenants pay, not all tenants take
any kind of care of the property (may be completely unsanitary), many
tenants who are otherwise excellent will call and expect you to take
care of every little household problem (furnace or disposal needs
restart, fuse blown, pulling weeds, etc.).

Unless you have some energy, or enough real estate experience already to
be sure you can make a profit even after hiring a property manager, I
think this is a bad idea in your situation.

I would stick with your own home/condo/trailer as your real estate
investment. For more exposure, try a REIT, or the stock of a company
that owns a lot of real estate (Some hotel chains, McDonald's,
builders).


Michael

On Thu, 8 Jul 2004 18:42:35 CST, "Brent D. Gardner, ChFC"
<bgardner20[at]cox.net> wrote:


- quote -

Thanks for your reply. In a nutshell, if you can, descibe this
approach and how it works. I am currently rated at a U.S. Veterans
Administration schedular rating of 100% for Cirrhosis, due to
Hepatitis-C. They pro-rated me all the way back to July, of 2001 for
this. They pro-rated me for 100% for the Hep-C alone prior to July of
2001, going all the way back to 1999. I am also service connected for
Diabetes II melitus, a Thyroid Condition, and Periphereal Neuropathy
of the lower limbs. And if you could, seeing how you state that I
possibly could be a candidate for what it is you speak of, and it is
not a do-it-yourself program, provide the pro's and cons of this type
of a plan.....In a nutshell... Or provide me with somewhere I can do
some research on this type of program/plan.

Thanks;

TPD

Opss. forgot to say thanks for the time and effort and thougfht you
presented in answering my post..

TPD


On Thu, 8 Jul 2004 10:36:28 CST, "John A. Weeks III"
<john[at]johnweeks.com> wrote:

- quote -


======================================= MODERATOR'S COMMENT:
Reminder - please trim posts when replying

On Thu, 8 Jul 2004 14:27:53 CST, noreplysoccer[at]hotmail.com (Jim)
wrote:

- quote -

I can work, although it fatigues me to the point where I'm making the
decision to leave my job really soon, say most likely in September of
this year.I was thinking about starting a small part time online
business selling stuff through Ebay, Yahoo & Amazon. com.. Something I
could piddle with in a non demanding manner on my time table..I had
though about taking approx. 6 months equivalent of my yearly earnings
through my Govnmt. Job and putting that away in something as a
back-up/emergency fund. I could even feel comfortable with a
year...Why do you say 3 years????


- quote -

Funny that you mention that, because Day before Yesterday I had the
Opportunity to purchase a couple of Mobile Home Rentals in a local
Trailer Court present itself to me....A business site, or residential
(regular home or condo type) real estate opportunity was what I had
been thinking along the lines of just to start out with and see how I
fare at that.. Not certain about the House trailer deal though...

Thanks for the reply...

TPD

"The Phantom Dork" <thephantomdork[at]soccerfield.net> wrote in message
news:go3pe0lotd1nr4adevmpc5so67eufbo0bd[at]4ax.com...
- quote -

You may be a candidate for a medically underwritten immediate annuity.
Pre-existing health conditions, when taken into consideration, can increase
the income generated from an immediate annuity with a lifetime contingency
payout.

Most financial advisors / financial planners / investment advisors, and even
most life insurance agents, are all but unaware of how these work, and how
to best use them in suitable situations, so you'll have to be very careful
in selecting the appropriate help, because these are NOT do-it-yourself
deals.

Brent D. Gardner, ChFC
Chartered Financial Consultant
http://members.cox.net/brentdgardner1378/

"Be ever questioning. Ignorance is not bliss. It is oblivion. You don't go
to heaven if you die dumb. Become better informed. Learn from other's
mistakes. You could not live long enough to make them all yourself." - Hyman
George Rickover (1900-86), Admiral, US Navy, advocated development of
nuclear subs & ships

The Chartered Life Underwriter (CLU) and Chartered Financial Consultant
(ChFC), designations owned and exclusively offered by The American College,
signify the highest standards of academic study and professional excellence
in the financial services industry.

On Thu, 8 Jul 2004 10:36:28 CST, "John A. Weeks III"
<john[at]johnweeks.com> wrote:

- quote -

I don't understand here. First you say you want to make income.
Then you say you want to be a millionaire. These goals are in
conflict.
You can have one or the other, but not both. You need to make the
call
here. Tell us if you want to invest for income, or for growth. Of if
it is some combination, we need to know how much income you need from
your investments to determine the investment mix.


Ok, I guess I didn't make it clear. I want to have the income.
However, I live a fairly frugal life, or at least I think I do..I'll
be receiving just a little over $2200.00 a month Tax free from the
Government for my disability Compensation. Right at the Present time
I'm working for the Federal Govnmt., and gross just a little over
$30,000. a year.And they DO take Taxes out of that....However I'm
planning on leaving my job soon just because of what I have just wears
me out big time during my job. I want to be able to grow my income
potential to whatever I can obtain..is $3,000 a month too big a Goal,
say in 5 to 7 years? Is there anything I can direct my focus and
energies to that would make this a realistic Goal? I would like to be
able to live on the $2200.00 a month, pay off my debts, use the
remainder and invest in something(s) and proceed from there...Do I
want to be a Millionaire? Sounds nice, I could probably focus myself
towards that in a 10 or 15 year period if I had my health back,but
thats the whole ball game... The health issue could put a stop to
everything in a year or two.. SO, I'd like to focus on being able to
generate some sustainable income that if needed, I could add to my
Government Disability Compensation, live a comfortable life, and
become a tightwad, cheapskate Philanthropist in my own miniscule, and
microscopic way...Am I making any sense here ?!?!!?!?

The Phantom Dork <thephantomdork[at]soccerfield.net> wrote in message news:<go3pe0lotd1nr4adevmpc5so67eufbo0bd[at]4ax.com> ...
- quote -

I would keep 3 years living expenses in CASH or equivalents (CD's,
money market, Saving account) before investing in ANYTHING, including
debt reduction. This is because you are "retired" and not able to
work (as I interpret your post). If I assumed wrong, my apologies.

I would pay down debt second. You have the right idea.

If investing in stocks ONLY, you could expect dividends to yield 1-2%
a year, so if you know what your living expenses are, multiply it by a
factor of 10 and that would get you a ball park of what you would
need, worst case.

If you made investments in something other than stocks, then you could
yield something greater. Real Estate would take work, but give great
benefits if done correctly. If you have the financial means to buy
rental property, I would consider it, but I would personally only do
this with PART of my investment monies.


======================================= MODERATOR'S COMMENT:
Please trim the post to which you respond.

In article <go3pe0lotd1nr4adevmpc5so67eufbo0bd[at]4ax.com> , The Phantom
Dork <thephantomdork[at]soccerfield.net> wrote:

- quote -

Kyosakis' program requires a huge amount of work, energy, and
effort. That seems to me to be one of the issues with the Hep-C
that you are dealing with. The cash flow system is largely a
dream. Please don't get taken in by it. Afterall, even Kyosakis
was not able to make it work--he derives much of his income
through multi-level marketing with Amway and their internet
division (forgot the name, starts with a Q).

- quote -

You can do well this way in years where aggressive growth funds are
up big. The problem is that you can go down just as fast, much faster
than the market as a whole.

You seem to be looking for the big kill. That is something that
doesn't happen all that often, especially in the investing arena.
There is the old saying that: bulls make money, bears make money,
pigs get slughtered. When going for the big kill, you are far more
likely to lose big than to win big. Investing is normally a long
term thing for most people, the cummulative result of doing a lot
of little things right over a long period of time.

- quote -

That is a great first step. It is a lot easier to make your monthly
payments when you don't have any to pay. Also, put away an emergency
fund in a money market account to cover the things that pop up out
of nowhere.

- quote -

I don't understand here. First you say you want to make income.
Then you say you want to be a millionaire. These goals are in conflict.
You can have one or the other, but not both. You need to make the call
here. Tell us if you want to invest for income, or for growth. Of if
it is some combination, we need to know how much income you need from
your investments to determine the investment mix.

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ==================

Hello all.

Have a situation which is coming up, and would like some advice... I
am presently a 49 year old male, who contracted Hep-C when I served in
the service years ago, and was diagnosed with it back in 1999. I
tried the only prescribed treatment for it and the TX failed.. In the
following years, I've developed a host of other side issue illness
which eventually will cause me some major problems as I get older.

Here's the Gist of my situation. I'm about to receive a disability
compensation lump sum check somewhere around $50,000 +.. Could go all
the way to $100,000. , all tax free....Plus I will be receiving a
monthly payment which will provide me with a comfortable existence
after I receive the lump sum payments, again all tax free.....I want
to put it to work in a variety of methods after I pay off my bills.
I've become addicted to alot of Robert Kyosakis 's audio tapes which
have peaked my curiosity in the circumstances of Real Estate and
developing cash flow from income producing properties..I'm also
interested in some aggressive growth Mutual Funds which I've looked
over at the Kiplinger.com. website.

My medical issues will be taken care of, financially by the Veterans
Administration, so as of the present that is not a major hinderance.

I owe approx $20,000. total in all my debts, including Credit Cards,
House Payment, and payments on my Pick up and Car, which I'm planning
on paying off when I receive the Lump Sum payment.

My question is which would be the best manner /method/madness on which
I could put this money to work providing me with an income generating
flow of returns .Now here's the kicker...I Would like to make a good
amount of money on my investment, but not an obscene gross
amount..Because of my Health Issues, I can honestly say I have no idea
of how long I will live. I Know I won't immediately become a
Millionaire, but my main purpose with the money will be, (1) to
provide a comfortable manner of living for myself, and (2) to give it
away to Charities and Causes for which I feel comfortable will put the
best use of my money into assisting those less fortunate.

Any feedback will be thoroughly researched and thoughout.. Thanks for
any responses and input.

TPD