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We received trust distributions in form of cash, stocks, funds when the trust terminated upon passing away of father-in-law last year July. There were actually two trust's - the trustor (the one who set up the trusts) were grandparents-in-law. The trust type was "irrevocable". Mentioning t...

Another week has passed, and we're still getting the same status: "waiting on tax clearance". I'm not sure who exactly is responsible for "tax clearance" in this context - is it on their (Wells Fargo's) end that they need to do some work beforehand, or are they waiting on some ou...

An actual ACAT transfer should take about a week max, maybe two if there's something out of the ordinary. That said, ACAT is one of many methods that could be used to transfer the assets with the same set of paperwork. They may use and entirely different system to move the money if the ACAT system ...

I just took a look at our emails, and it has been almost exactly a month since we submitted ACAT transfer form for the trust funds to go into our newly set up brokerage account (WellsTrade with PMA, 100 free trades a year, which I understand will no longer be offered April 1, 2013). The last email I...

Worth $75 a year?

A definite YES for me.

I made back that much in less than 2 months (maybe even 1 month) due to amounts I saved due to no shipping or tax costs.

Well, I live on the other side of Florida, but I just finally ponied up for umbrella insurance this very morning. I have my car insurance with GEICO, called them for umbrella insurance. One of the questions was "who is your homeowners insurance with?". I told them. The guy said "grea...

Is it a general requirement that I have both homeowner and car insurance under the same insurance provider if I want umbrella insurance? Because I live in Florida and live close to the gulf (Tampa Bay area), many insurance companies will not insure my house, so I have to go with an "odd" i...

What kind of attorney/lawyer do we need here? So we look into the correct listings when we search for one.

Mark - Two points: 1. The father may have had a power of appointment exercisable by his will and therefore his will could be relevant. 2. Distribution in kind CAN carry out taxable income earned in the trust. John I'm not sure what exactly "power of appointment" means or entails, but she ...

Based on the information you provided, here's my guess: The 2 trusts were created by her grandparents, for the benefit of her father during his lifetime, with the remaining principal to be distrbuted to your wife and her brothers upon her father's death. Her father's will should have no bearing on ...

We were also bothered by the fact that we're finally seeing paperwork now. I think this has to do with some kind of struggle the executor/legal team had in locating and finding father's will, and that situation has only recently been resolved. I just asked her about this (she also is asking for a c...

Now, the big ????? for me are what exactly our tax implications are going to be here? At first, I thought we would be subject to 4.5% tax as per Pennsylvania inheritance tax laws, because her grandparents both passed away in the state of PA. Then I realized, technically, it was her father that pass...

Yes, we will talk to an attorney - I like tackling on complicated financial matters myself (calculating pros and cons of refi, with PMI factored in for example) and this is a bit over my head. The more I read/research, the more I think this is not really "inheritance", but more like income...

Please forgive if I get any terminologies wrong here - I've been basically giving myself crash courses on trusts, inheritance laws, etc in the last few days. I've been through a probate process for the inheritance funds I got from my father when he passed away, but this is a different beast (new exp...

Roof leak occurred during month of September 2010 when we had storms in the area, and we had 2 spots in our roof where water were freely leaking through, onto our floor. We had to leave buckets in place to collect water, and eventually we got a complete re-roofing job completed, with 15-year warrant...

Looking over the chart for I-Bond value, I noticed it stopped increasing in value (with interest included) around last week of 2009. And the value of the I-Bond has remained the same ever since. Used to be the I-Bond increased in value about every 4 months on the chart, but not anymore. Is there a I...

Experience with reward cards varies widely depending on which bank your reward card is from. I have used PenFed reward card for years - 5% on gas, 2% on groceries, and 1.25% on everything else. No strings attached - it does not send you the rewards in form of checks, it SUBTRACTS from your monthly b...

I think a good rule of thumb is that the place you put your emergency money should be either short term treasuries of some type or an FDIC-insured account of some type. You could also choose a money market fund, which is NOT insured but very diversified and hopefully older and wiser than they were ...

Good suggestions so far. CDs, I-Bonds, and maybe saving accounts (although for saving accounts, most of those seem to offer only 0.5% interest rate). Bond index funds for emergency funds? (and I was pretty specific in the OP, this was for emergency funds) No thanks - those could certainly lose value...

GammaPoint is correct. The Boglehead way does not deal with individual stocks but rather invest in "index funds". Your best bet would be to go to a site like http://www.fool.com (The Motley Fool) and ask the question there. The Motley Fool website was where I used to frequent and discuss s...

I have not posted or really visited forums much since Feb 2009, more than a year ago. It was only recently that I feel like I have truly settled down here in my new homestate of Florida, after exiting my job in CA (which was a good thing, because they eventually delisted themselves from NASDAQ and w...

I have no problem copying K-1 info into various tax forms - but I can never figure whether or not I am supposed to report "gains" or "losses" I receive for selling MLP units I owned. Do I?

To me, "borderline equity" means you believe you can break even (less fees) by selling your house. Let's say I was a similar situation to you, and was offered a job with the same annual income I make now, say $35k. I was faced with selling my $120k house and had to eat the fees - maybe $1...

I can't believe you're asking this question, which has nothing to do with taxes. It has to do with living alone 95% of the time in TX vs. being with your family in CA 95% of the time. Even if you didn't have a family, understand that travel time isn't compensated, unless your company is incredibly ...

Check and see if the states have reciprocity agreements. I live in one state and work in another, and pay state income tax to the state where I live. In your situation you would want the reverse (as Texas has no income tax). Where do I look to see if there are reciprocity agreements between Texas a...

Here's the info: I am quitting my current job in CA, where I live. Last day of employment will be January 20. I have accepted offer for another job, which is based in Austin, TX. Terms in my letter of offer for the new job allows me a lot of flexibility about whether I want to work remotely, or fly ...

Thanks all! It was a close race between Keurig, Tassimo, and MokaExpress based on all your comments. After doing research on features and "pods" (T-discs in Tassimo's case), and scruntizing reviews, we ultimately decided to go with Tassimo. My wife is getting Tassimo for me as an early xma...

1) I drink latte/espresso, but don't know how to make them. So, Starbucks knows me well. 2) I don't know much about coffee makers. Is "Coffee Maker" even the right term - or should I be asking about "Espresso Machine" especially if those can make Latte's? 3) I want simplicity! So...

Been playing since the 70's (Pong days), never really stopped. Playing on Wii mostly those days. I used to dream about writing/programming games, but found out the lives of a typical game programmer isn't really as "glamarous" as I imagined it would be (low pay, long hours) so I decided to...

It shows numerous results - and they ALL did much better to date Saying stuff like that is a dangerous thing - you do not want to mislead novice investors into using a system that works only for certain time periods. Please add a bit more "disclaimer" to your posts when you make bold clai...

Here is my spending report. It does not include account transfers, so the car payment we made for the first 7 months of the year and our landscaping project (I categorized that to "House Asset"). It also does not include anything we put to savings/investments since that is a transfer. I i...

Unless I added incorrectly, that only comes to 87%. What about the other 13%? My first thought was, where food, auto repairs, eating out, kids (if you have any), personal (clothes, etc), vacation? I guess that's in the credit card, ATM, and Costo categories. I've kept a budget for many years but br...

Every few years, I like opening up a new Excel and insert data to look at my spending habits for the past year. I always find it interesting to see the big picture. 20% of money goes to 5.5% 30-yr fixed mortgage (P+I, and MIP) 17% Taxes (property, federal, state, FICA, CA SUI/SDI) 16% My average cre...

I'm 29 years old, and basically just starting out in investing. however, i can't help think of a recent conversation I had with my dad. Me: Dad, I just invested all my savings in the stock market. Dad: Son, Would you go to a casino and play roulette with your savings? Me: Of course not, roulette ha...

No it's not we all really did lose 50% this year.

I'm open-minded about buying Mac, but my career field forces me to stay in Windowsland for time being. I'm a software engineer.

I know one can run Windows virtually in MacOS environment (I've seen it myself) to do development work.. I just need to make that leap of faith.

I worked with the authorities. I did not go screaming, but was considerate and calm, including using "Sir" at each opportunity. I tried working through the chain of supervision. It was simply a matter of intimidation - I was not going to be cowed. If you don't fight the small things - how...

Hard for one to sympathize with you, though. ;) Good Lord - the man is harassed by armed federal officers who don't know the laws they're supposed to be enforcing (and are theoretically responsible for our travelling safety), and you find it "hard to sympathize" ? Considering he had a dri...

Yes I had a driver's license, but I was not going to let TSA know that... Ok, so TSA is wrong and you're right, based on their own rules. So you missed the flight just for the principle of it.. you stomped a foot on floor, crossed your arms and say you're not gonna budge. You win. Hard for one to s...

This isn't only one study.. there are many studies showing the same thing - here's one by TRowePrice: https://www2.troweprice.com/cda/public/fi/fiUnsecureDefault/0,2955,lnp%253D-1%2526cg%253D1530%2526contentid%253D1530%2526pgid%253D13047,00.html?scn=Latest_News&rfpgid=12993 Scroll down to part w...

One thing is for sure. For the stock market to have any future, Wall Street , the FED and the bankers and the regulatory authorities must fight to eliminate or reduce the size of these catastrophic bubbles ( Dot com, housing, savings & load, etc) we have been enduring every 8 to 10 years for th...

66.67%

There, at least I'm honest and not afraid to admit my very medicore score on the Civics quiz.

I'm sure there are many others who did worse than all posters before this post and wouldn't post about it.

Yes I had a driver's license, but I was not going to let TSA know that... Ok, so TSA is wrong and you're right, based on their own rules. So you missed the flight just for the principle of it.. you stomped a foot on floor, crossed your arms and say you're not gonna budge. You win. Hard for one to s...

I've heard about Zimbabwe and hyperinflation - but am not certain what the mechanisms are that caused hyperinflation in the first place. Does anyone know the Zimbabwe's hyperinflation story?

A fool and his money is soon parted.

Your question implies a sovency problem. Why? Everyone is lialbe for staate debt. Increasing government debt in rich western countries is always a policy choice not something necesary. Also it sounds like you think of Europe as one entitity. It is not. Europe has all kind of countries. That include...

kb0fhp, hopefully you did read the fine print on TSA website what accepted forms of identification are, and how many you need to provide (I recall it is 2 for some airlines, don't know if it's still the case today). If you didn't and if it in fact says passport isn't one of the acceptable forms of i...

... My hands do not work well so I carry a 3" knife(I suppose I can understand that, but 3"?) What is the 3-inch knife for (pardon my ignorance)? I don't see what kind of "body function" a 3-inch knife would "replace" if one's hands cannot function normally? A terroris...

it seems to me that the "savers" never get in trouble. Not true. I am acutely aware that a loss of health insurance would quickly bankrupt us. I'm not certain we could get insurance on the open market, since no one can make a profit off keeping my son alive. I have not been able to come u...

In general, a DIY investor should be a DIY tax preparer, in my opinion. What do you think? This assumes you understand what you are doing. It is easier said than done. I have spent the past 20 years specializing in state taxes. I thought I had a very good grasp of my federal income taxes. I just co...