Search found 431 matches

Return to advanced search

Re: Death of family member - what to do financially

In my experience, when a spouse who handled finances dies, often the other spouse is overwhelmed & has not really looked for information even though it's there. If you can go to their home, start by looking through files & computer. This is a good reminder for each of us to leave a clear ou...
by 2stepsbehind
Tue Aug 26, 2014 10:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of family member - what to do financially
Replies: 26
Views: 3160

Re: Death of family member - what to do financially

I'm not sure why people are suggesting you need an attorney. Very few of the questions you asked actually require an attorney's help and best believe if an attorney helps s/he would charge you a heck of a lot of money to do what you can do yourself. Think on the order of $150-350 per hour. Unless he...
by 2stepsbehind
Tue Aug 26, 2014 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Death of family member - what to do financially
Replies: 26
Views: 3160

Re: 87 Year Old Grandmother Has $600,000 In the Bank

I would not get involved in this. You have no upside. What purpose do you think the 600k serves? An 87 year old is sitting on cash and you are wondering what she can do to better invest the money for her family? The answer is, nothing. Should you recommend something else, you will almost assuredly ...
by 2stepsbehind
Sun Aug 24, 2014 8:26 am
 
Forum: Investing - Help with Personal Investments
Topic: 87 Year Old Grandmother Has $600,000 In the Bank
Replies: 42
Views: 5457

Re: Pay cash for flight on sale, or use FF mileage quandry

I'm just curious, how do you all manage to find seats available with your miles? Seems like the last few years every time we want to use our miles on United or AA there are no seats available unless we want to use even more miles to waive the restriction and that's with planning far in advance. Use...
by 2stepsbehind
Sat Aug 23, 2014 6:37 pm
 
Forum: Personal Consumer Issues
Topic: Pay cash for flight on sale, or use FF mileage quandry
Replies: 29
Views: 1949

Re: Pay cash for flight on sale, or use FF mileage quandry

He doesn't even need to do that. He's going to fly on united--he'll have an additional 18 months from those dates. what pros/cons do you need? Assuming you can downgrade your card the free card gives you 1 mile for every $2 in purchases verses 1 mile for every $1 with the annual fee card. You don't ...
by 2stepsbehind
Sat Aug 23, 2014 6:20 pm
 
Forum: Personal Consumer Issues
Topic: Pay cash for flight on sale, or use FF mileage quandry
Replies: 29
Views: 1949

Re: Pay cash for flight on sale, or use FF mileage quandry

VictoriaF wrote:
2stepsbehind wrote: I value a credit inquiry at $400+.


Is this related to getting a new credit card for the bonus miles?

Victoria


yes
by 2stepsbehind
Sat Aug 23, 2014 11:52 am
 
Forum: Personal Consumer Issues
Topic: Pay cash for flight on sale, or use FF mileage quandry
Replies: 29
Views: 1949

Re: Pay cash for flight on sale, or use FF mileage quandry

How do you compute the value of the miles? Let's say I am buying a round trip ticket DCA-ORD and United offers it for $275, which is 1.1 cpm (25,000 miles x 1.1 cpm = $275). As it's greater than 1 cpm, livesoft will use his miles; as it's less than 1.5 cpm, dickenjb will be paying cash. Victoria As...
by 2stepsbehind
Sat Aug 23, 2014 11:37 am
 
Forum: Personal Consumer Issues
Topic: Pay cash for flight on sale, or use FF mileage quandry
Replies: 29
Views: 1949

Re: Pay cash for flight on sale, or use FF mileage quandry

I usually convert FF miles to dollars at 1 cent per FF mile, so anytime I get a flight for less than 1 cent a mile, I pay cash. For me, it is 1.5 cpm (cents per mile). Domestic RT for 25K or $300 - I pay cash as I would only be getting 1.2 cpm. Flight PHL-HNL for 45K or $1000 - I used miles and rea...
by 2stepsbehind
Sat Aug 23, 2014 10:25 am
 
Forum: Personal Consumer Issues
Topic: Pay cash for flight on sale, or use FF mileage quandry
Replies: 29
Views: 1949

Re: Pay cash for flight on sale, or use FF mileage quandry

It is a pity you don't have AA miles. Off-peak (October 1 – April 30) to Japan is only 50k round trip. Diversify, diversify, diversify! As others have noted, miles are a currency and the savvier you are about the applicable exchange rates the more value you can extract. Given what you have written, ...
by 2stepsbehind
Sat Aug 23, 2014 6:42 am
 
Forum: Personal Consumer Issues
Topic: Pay cash for flight on sale, or use FF mileage quandry
Replies: 29
Views: 1949

Re: Frequent Flyer Miles:Transfer, Gift or what...

I've booked a flight for a friend using my AAmiles (international at that, but not in business class). It wasn't a problem. I have heard that in rare occasions at check in airlines have asked to see the original credit card the flight was booked with if a security flag is thrown, but for a domestic ...
by 2stepsbehind
Sat Aug 23, 2014 6:15 am
 
Forum: Personal Consumer Issues
Topic: Frequent Flyer Miles:Transfer, Gift or what...
Replies: 12
Views: 699

Re: Cost, duration of grad school?

So, it seems that it's correct to assume that MOST multi-year hard and soft (i.e. social) sciences in good programs at top schools are likely to be tuition free + stipend, whereas the more professional oriented degrees (MD, law, MBA) and some of the shorter 1 year type masters will require tuition ...
by 2stepsbehind
Thu Aug 21, 2014 1:56 am
 
Forum: Personal Consumer Issues
Topic: Cost, duration of grad school?
Replies: 29
Views: 1387

Re: Any Tips on wintering in the Bahamas ?

wear sunscreen
by 2stepsbehind
Thu Aug 21, 2014 1:54 am
 
Forum: Personal Consumer Issues
Topic: Any Tips on wintering in the Bahamas ?
Replies: 18
Views: 1375

Re: Cost, duration of grad school?

I know a grad student in philosophy who is getting about 25k including a summer research grant so I think 20-35k is certainly in the ballpark.
by 2stepsbehind
Thu Aug 21, 2014 12:41 am
 
Forum: Personal Consumer Issues
Topic: Cost, duration of grad school?
Replies: 29
Views: 1387

Re: gifting money, and smoking

My guess is if you totaled up the amount you've spent on utilities/other things around the house and the amount you would have paid as a renter, paying your own utilities and expenses you'd come up more than $400 ahead under the latter scenario. Give your parents the money. Later speak with your mot...
by 2stepsbehind
Tue Aug 19, 2014 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: gifting money, and smoking
Replies: 30
Views: 2393

Re: In-Law Financial Issues (long)

I'm not sure why we should give the OP the benefit of the doubt when he hasn't afforded the same to his in-laws. The opening post is dripping with condescension. If the OP was truly concerned about planning, he'd talk to his wife as several people suggested and figure an amount they would be comfort...
by 2stepsbehind
Tue Aug 19, 2014 5:52 am
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4144

Re: In-Law Financial Issues (long)

If I really had my way I'd sell their property and move them into a small house in town that is close to amenities (they have to drive two hours to get a carton of eggs). I'd also insist MIL get a basic job in town to help out. [...] I don't think this is fair to me. Especially because the only rea...
by 2stepsbehind
Tue Aug 19, 2014 12:39 am
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4144

Re: Student Loans

WarMachine wrote:you think that school is worth incurring a lot of debt for? they charge I believe 55,000 a year. About same price as Yale.


No, I do not. You are the one who included it in the list of schools you are considering.
by 2stepsbehind
Thu Aug 14, 2014 9:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loans
Replies: 32
Views: 3233

Re: Student Loans

Who told you they only take the highest score? http://weblaw.usc.edu/how/jd/faq.cfm "We report the highest LSAT score to the American Bar Association and other organizations. However, all scores (not averaged) will be considered in the admissions review process. If there is a significant discre...
by 2stepsbehind
Thu Aug 14, 2014 8:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Student Loans
Replies: 32
Views: 3233

Re: Student Loans

My grades and LSAT score is [sic] pretty good so I am heading to a top 50 law school. I have kept postponing law school until I could break 170 on my LSAT. This is the last year though for me. I feel ready for that score and I've improved a quite a bit since when I started a few years ago. So you h...
by 2stepsbehind
Wed Aug 13, 2014 7:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loans
Replies: 32
Views: 3233

Re: Attitudes toward inheritances.

 I think the point stoptothink is making is that it's not about who got the money and who didn't; it's about the reprehensible behavior of his aunt.     Sure, reprehensible to stoptothink, but all he's told us is the aunt got close to the wicked stepmother and spent time with her in her final days....
by 2stepsbehind
Thu Aug 07, 2014 8:03 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 110
Views: 9437

Re: Attitudes toward inheritances.

stoptothink, I think you are taking Professor Emeritus' posts too personally. His point of view, which I think I share, is at the end of the day, the grandfather is to blame for not providing for his children and the wicked stepmother partially to blame for not honoring her husband's wishes to the e...
by 2stepsbehind
Thu Aug 07, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 110
Views: 9437

Re: Take out student loans or not?

In any event, on average you would squeeze out some gains taking the loan... Personally, I would skip it. Subsidized loans are a much better deal. I would've preferred subsidized. Apparently I make too much. :happy You don't make too much--they have just stopped offering subsidized loans to graduat...
by 2stepsbehind
Sat Aug 02, 2014 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Take out student loans or not?
Replies: 8
Views: 565

Re: Take out student loans or not?

Are you sure about the interest rate on the staffords? My understanding is the interest rate on unsubsidized stafford loans for grad students will be 6.21%.
https://studentaid.ed.gov/types/loans/interest-rates
by 2stepsbehind
Sat Aug 02, 2014 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Take out student loans or not?
Replies: 8
Views: 565

Re: Inherited accounts

Is the honorable sibling likely to give away or have an estate worth $5,250,000 (inflation adjusted) over his/her lifetime? If not, the person should just fill out the form and move on with life. If yes, then surely you can hire counsel to help you figure out creative ways to transfer money. Set up...
by 2stepsbehind
Sat Aug 02, 2014 5:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Inherited accounts

Is the honorable sibling likely to give away or have an estate worth $5,250,000 (inflation adjusted) over his/her lifetime? If not, the person should just fill out the form and move on with life. If yes, then surely you can hire counsel to help you figure out creative ways to transfer money. Set up ...
by 2stepsbehind
Fri Aug 01, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Inherited accounts

Celia--I think you are making this too complicated. The OP's hypothetical is that a decedent has three children, one of whom is the executive of his estate. On one of his accounts one child (the one who is the executor) is listed as the sole beneficiary (presumably under a TOD or POD designation). H...
by 2stepsbehind
Tue Jul 29, 2014 8:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited accounts
Replies: 42
Views: 2190

Re: Question: Inheritance and Financial Aid

If he'll make at least $ 5500 this year and next year, I'd suggest him putting $5500 into a roth for 2014, and on Jan 1st make a $5500 contribution for 2015 (that way both contributions are in place before he has to fill out the fafsa/css forms). With the remaining 4k he might consider prepaying for...
by 2stepsbehind
Tue Jul 29, 2014 1:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Question: Inheritance and Financial Aid
Replies: 12
Views: 580

Re: Question: Inheritance and Financial Aid

How much is the inheritance?
by 2stepsbehind
Tue Jul 29, 2014 12:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Question: Inheritance and Financial Aid
Replies: 12
Views: 580

Re: How to invest an Inherited IRA

With all due respect, it is your wife's inheritance. She should be the one primarily if not exclusively taking the lead on these decisions. I would suggest that she do nothing for a year or more until she is in the proper frame of mind to think about the options.
by 2stepsbehind
Tue Jul 29, 2014 12:07 am
 
Forum: Investing - Help with Personal Investments
Topic: How to invest an Inherited IRA?
Replies: 17
Views: 1284

Re: Hw many credit cards to own?

I have over 20
by 2stepsbehind
Wed Jul 23, 2014 7:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 120
Views: 8508

Re: Best Current Credit Card Bonus for $10k Purchase?

Another to consider is the AA Executive card. I think the minimum spend on the Chase Sapphire is pretty easy w/normal spending, while AA Executive, not so much. $450 annual fee (not waived), $100 statement credit, and 75k miles after $7,500 in spending (down from 100k for $10k spend earlier this ye...
by 2stepsbehind
Wed Jul 23, 2014 5:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Best Current Credit Card Bonus for $10k Purchase?
Replies: 14
Views: 1536

Re: Improving my credit score

why would you suggest he open a macy's card and get a measly $500-1000 credit line, when presumably he could apply for an amex or another card and get a much larger credit line? Because the primary goal of credit usage is to get maximum benefit from the credit, not necessarily to maximize your scor...
by 2stepsbehind
Thu Jul 03, 2014 5:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Improving my credit score
Replies: 34
Views: 1986

Re: Changed Lawyers - Won't Transfer File

I was under the impression as well, this not be a big deal...legal documents need to transported all the time. I know a letter was submitted by the new firm to the old firm. Somehow 3 month later, it is still not done and mom is being asked. By way of background the old firm/lawyer is under investi...
by 2stepsbehind
Wed Jul 02, 2014 10:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Changed Lawyers - Won't Transfer File
Replies: 29
Views: 2282

Re: Improving my credit score

why would you suggest he open a macy's card and get a measly $500-1000 credit line, when presumably he could apply for an amex or another card and get a much larger credit line?

OP, I'd sign up for both the amex and cap 1 and let time and consistent payments do its work.
by 2stepsbehind
Wed Jul 02, 2014 9:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Improving my credit score
Replies: 34
Views: 1986

Re: Best way to send money quickly to parents in Florence, I

Not to pile on, but this is a good illustration of why you should always have a backup credit and debit card packed away when traveling. Hope your parents enjoy the rest of their trip.
by 2stepsbehind
Tue Jun 24, 2014 7:15 am
 
Forum: Personal Consumer Issues
Topic: Best way to send money quickly to parents in Florence, Italy
Replies: 18
Views: 1550

Re: 27 Year Old Medical School Graduate With Financial Quest

I've been looking into Roth IRAs as suggested above. By my rough calculations, if I invest the maximum yearly, in thirty years at an average return of ~8-9%, I should have accumulated around 400k. I think that's too good of a deal to pass up, even though it would mean less of a contribution to my l...
by 2stepsbehind
Fri Jun 13, 2014 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: 27 Year Old Medical School Graduate With Financial Questions
Replies: 7
Views: 1104

Re: 26 - NEW JOB - Help Please!

I was wondering what the security deposit part meant. OP, does Kosmo have that correct and you have taken your renters security deposit and done whatever with it so it's at zero??!! That's not your money to spend right now!! I agree. This was very unethical thing to do. Did not realize this until i...
by 2stepsbehind
Fri Jun 13, 2014 9:09 am
 
Forum: Investing - Help with Personal Investments
Topic: 26 - NEW JOB - Help Please!
Replies: 14
Views: 1040

Re: Government Employment (Employee)Question

Without more detail from you as to department/agency, position, and location you will not get any useful replies. Incidentally, I've found federalsoup.com to be a good source to get insight w/r/t many departments.
by 2stepsbehind
Wed Jun 04, 2014 1:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Government Employment (Employee)Question
Replies: 7
Views: 758

Re: Husband just lost job

No not eliminated a customer put in a complaint - not a bad complaint and he has been with his job for 21 years so yes we are letting the union do there thing - and yes it's a big possibility we will get the lost wages back but again no guarantee. I work p/t because my kids are 12 and 14 - what kin...
by 2stepsbehind
Sat May 24, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband just lost job
Replies: 60
Views: 6528

Re: Paying of debt after Father in Laws death

When my mother died we went through the steps the attorney outlined he posted the notices and we informed any creditors that she was deceased and the estate in probate after which only one creditor filed against the estate for which the attorney negotiated a lower amount to settle. This. Consult wi...
by 2stepsbehind
Sat May 24, 2014 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying of debt after Father in Laws death
Replies: 27
Views: 3154

Re: 31 yo single income with 3 small children: What to do?

As an employee of a state university, do your kids qualify for free or significantly reduced tuition? If so, all the more reason to prioritize the other parts of your financial life before contributing more to the 529 plans.
by 2stepsbehind
Thu May 08, 2014 10:02 am
 
Forum: Investing - Help with Personal Investments
Topic: 31 yo single income with 3 small children: What to do?
Replies: 31
Views: 3799

Re: Roll over good 401(k) into TSP?

I would move your 401k to tsp. You cannot beat the rock bottom expense ratios and access to the G fund. :)
by 2stepsbehind
Sat May 03, 2014 10:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Roll over good 401(k) into TSP?
Replies: 4
Views: 401

Re: Inheritance / gift question

Good points, however, if there are reasons to differentiate between the great grandchildren they are best disclosed rather than cloaked.
by 2stepsbehind
Sun Apr 13, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance / gift question
Replies: 12
Views: 1373

Re: Inheritance / gift question

Secrets like these have a funny way of getting out. I'd advise her to treat all the great grandchildren equally. I don't understand why a 529 plan wouldn't work; she's 90 now, and the kids are under 10; I think the chances she lives another 8-12 years are relatively modest. Moreover, the owner of th...
by 2stepsbehind
Sun Apr 13, 2014 9:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance / gift question
Replies: 12
Views: 1373

Re: Use credit cards to pay rent: Amex Serve?

I would like to find some way to get credit card points for paying my rent (and other bills), but my landlord doesn't accept credit card payments. My understanding is that Amex Serve might allow me to do this: I fund my account using a credit card, and then I write checks from the account. Does any...
by 2stepsbehind
Sat Apr 12, 2014 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Use credit cards to pay rent: Amex Serve?
Replies: 56
Views: 5976

Re: Passport, TSA Pre-Check, and Global Entry

To livesoft: Of course not having global entry or pre-check isn't the end of the world, but pre-check can save you at least 5-10 minutes going through security and if you travel lightly/don't check luggage, having global entry helps you get out of the airport pretty quickly (probably saving you 30 ...
by 2stepsbehind
Sat Apr 12, 2014 2:27 pm
 
Forum: Personal Consumer Issues
Topic: Passport, TSA Pre-Check, and Global Entry
Replies: 58
Views: 3557

Re: Passport, TSA Pre-Check, and Global Entry

Victoria, My guess is all DC locations will be busy. To livesoft: Of course not having global entry or pre-check isn't the end of the world, but pre-check can save you at least 5-10 minutes going through security and if you travel lightly/don't check luggage, having global entry helps you get out of...
by 2stepsbehind
Sat Apr 12, 2014 1:34 pm
 
Forum: Personal Consumer Issues
Topic: Passport, TSA Pre-Check, and Global Entry
Replies: 58
Views: 3557

Re: Passport, TSA Pre-Check, and Global Entry

1. Not sure you should cancel your free Pre-check through work. If anything I'd think having Pre-check would expedite getting Global Entry. The toughest part of the process is getting a GE appointment at Dulles as the schedule is booked months ahead (I think I was conditionally approved in Feb and d...
by 2stepsbehind
Fri Apr 11, 2014 9:20 pm
 
Forum: Personal Consumer Issues
Topic: Passport, TSA Pre-Check, and Global Entry
Replies: 58
Views: 3557

Re: Passport validity: Do I need at least 6 months?

Victoria, For what it is worth, I probably wouldn't bother to send in your application in before your UK trip and instead would check in for my flight online to avoid any unnecessary scrutiny. You are not high on the list of folks they are concerned about (If questioned, just show your return ticket...
by 2stepsbehind
Fri Apr 11, 2014 8:56 am
 
Forum: Personal Consumer Issues
Topic: Passport validity: Do I need at least 6 months?
Replies: 59
Views: 3498

Re: 24 y/o investing inheritance

It's amazing how complicated things get so quickly. I had no idea that graduate student stipends might not be "earned income". Is there any way to get around that and/or is it possible to use 1099 money for a different type of tax advantaged account? A little more information about my cur...
by 2stepsbehind
Tue Apr 08, 2014 12:22 am
 
Forum: Investing - Help with Personal Investments
Topic: 24 y/o investing inheritance
Replies: 15
Views: 2104
Next

Return to advanced search