Insurance coverage w/kid?
10-10-2006, 12:55 AM
#16
The Lady's Man
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[QUOTE=spinaker]. If they are found negligent in a bad accident, you could be sued for a substantial portion or all of your assets. This happened to people I know and they lost their retirement savings at age 55. QUOTE]
Money in a 401k is untouchable...sucks that that had to happen.Must have had it invested in IRA or stock.
Money in a 401k is untouchable...sucks that that had to happen.Must have had it invested in IRA or stock.
10-10-2006, 11:47 PM
#17
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Good point Perry. I don't know if the same applies to Registered Retirement Savings Plans here in Canada but I suspect so.
I wasn't close enough to the people I referred to know if they lost RRSP savings but I know they lost the equity in their home and other substantial savings.
I wasn't close enough to the people I referred to know if they lost RRSP savings but I know they lost the equity in their home and other substantial savings.
10-11-2006, 12:45 AM
#18
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Allstate lets you designate a "primary driver" for each vehicle. For us it was simple: 3 people in household with 3 cars = 1 car per person. "The boy" was assigned as the primary driver for the '96 Honda Accord - the cheapest to insure. I did let my agent know that "the boy" occasionally drove one of the 928s. They said "No problem as long as you're in the car with him." Kinda hard when I had the two sharks! He drove one.. I drove the other.
Jerome
Jerome