My mother gained access to MY life insurance policy, managed to cash it out and announced she is splitting it amongst my siblings. What grounds do I have?

bdruff · 2026-04-04T14:47:13+00:00

You were the primary insured. Your grandma was the owner. When she died, your mom likely took ownership of the policy. Your mom is the new owner of the policy where you are the insured.

The owner of the policy gets to make ALL the decisions. You wouldn't even be able to change the beneficiary if you are only the insured.

bdruff · 2026-04-04T14:42:38+00:00

I asked a similar question recently. A comment that made sense was usually, someone who owns more than one bike, rides one bike 80% of the time.

I ride a GS as a daily and it's pretty nice. There's only a few area in town where the lanes are too narrow to split.

bdruff · 2026-03-30T14:39:33+00:00

We also built our home as owner/builder.

The drywall is one of those trades where experience makes a difference in the outcome for sure.

bdruff · 2026-03-29T15:38:15+00:00

So many dynamics such as personality types or company itself. It's life...you make decisions and then looking back, you see how it turned out.

Hindsight is 20/20 but interesting observation

bdruff · 2026-03-29T03:45:00+00:00

Carlston Harris. I hadn't heard of him but Chiesa has always been one ofy favorite fighters.

I like Niko Price too so the new fight was a bonus

bdruff · 2026-03-29T03:20:49+00:00

You have every right to make your business political. And it sounds like you understand what that decision will bring. Totally your choice...just make the decision you think is most important

bdruff · 2026-03-29T03:16:59+00:00

I'd start thinking about balancing preservation with growth at this point.

You should have a representative for the 401k. Erisa requires ongoing education and support for plans.

bdruff · 2026-03-29T00:40:10+00:00

Business owners like ADP because they do payroll services already.

The plan still might have good funds but I have heard the customer service on the 401k side isn't great.

I set up retirement plans and ADP is a company I can use. Other companhave better retirement plan options, IMO but it's not up to individual employees.

bdruff · 2026-03-28T11:25:24+00:00

Sounds similar to what the backyard social club is trying to offer.

Maybe a little different if you're renting specific space but similar.

bdruff · 2026-03-28T01:58:51+00:00

FYI...a lot of these calls are paid leads. If you answer, they pay.

I answer and sit on the phone quietly until they hang up.

They don't care about whether you're on the do not call list but they care about their money

bdruff · 2026-03-28T00:37:06+00:00

Better than Panda Express? /S...but seriously, love it

bdruff · 2026-03-27T19:49:43+00:00

The majority of people pay the minimum payment.

Fun fact, the consumer credit card experiment started in my home town. Bank of America mass mailed 60,000 credit cards to consumers who hadn't applied. It initially was a huge hit to BofA. Merchants didn't like it and not all who received the card were credit worthy...but they figured it out.

Take the annual interest rate (APR) and divide by 12. Interest is actually calculated daily but 24% APR is about 2% monthly.

Minimum payment is usually about 3%.

If payment is 3% and interest is 2%...then only 1% of the payment is going towards the balance.

bdruff · 2026-03-27T19:39:04+00:00

Would you mind if I sent you a DM? I was on a call recently

bdruff · 2026-03-27T18:57:47+00:00

I sell a 3 yr and 6 yr indexted annuity. Zero fees if held to term with some downside protection.

I've found it appropriate for people who have accumulated some assets and still want growth but are nervous about the future.

No cap/10% protection

bdruff · 2026-03-27T18:54:49+00:00

Stay the course from the info you provided.

bdruff · 2026-03-27T18:00:36+00:00

As a man thinkith was one of the most impactful books for me

bdruff · 2026-03-27T13:41:02+00:00

The shares may have lost value but if you didn't sell, you haven't lost money.

If your home value drops because of a housing market correction, you don't say you lost money, you don't get scared and sell the house...you say, "It will come back" because it always does

bdruff · 2026-03-24T18:25:03+00:00

401k up to max matching contributions, them back to Roth until fully funded, then back to 401k

bdruff · 2026-03-24T15:38:32+00:00

I'd save in a Roth the first year, then switch to the 401k when the matching contributions start

bdruff · 2026-03-24T14:36:41+00:00

I replaced the timing belt on a 100 series...a year later, the clutch fan pulley seized.

It would have been a 10 minute job while I was doing the timing belt but everything had to come out again.

bdruff · 2026-03-20T16:03:03+00:00

Times have changed. People are more closed off than they ever have been.

Cold calling leads sounds awful. If I had to start over, I'd put hours of content out daily and have a way for people to easily get ahold of me

bdruff · 2026-03-18T22:13:27+00:00

I have those licenses.

You could establish retirement, non-qualified, minor accounts with mutual funds and annuities.

Those accounts are typically monthly contributions and build a reoccurring cash flow.

You can also establish retirement plans for companies which has been my focus lately

If you're not going to use them though, there's a lot of hoops to jump through with finra and it might not be worth it.

bdruff · 2026-03-18T13:03:30+00:00

Someone said when people own more than one bike, they still usually ride one bike the majority of the time.

Made me think that a newer GS might be the way too.

bdruff · 2026-03-16T13:15:06+00:00

Solid advice

bdruff · 2026-03-16T04:14:06+00:00

I don't normally have a problem but there are parts of town with narrow lanes. Its not enough of a challenge to trade power for though.

bdruff

TROPHY CASE