Search found 57 matches

by Determined
Sat Oct 14, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Citizens College Saver
Replies: 1
Views: 117

Citizens College Saver

Does this make sense to do? My son will be 12 next month. I am in the 25% tax bracket. I put $2000/year in Ohio's 529 to get the state tax benefit. Overall I have about $30,000 currently for him. The basic deal is a $500 deposit and $50/month in a savings account yielding .05%. When he turns 18 they...
by Determined
Thu Oct 12, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: Refinish hardwood or new carpet
Replies: 8
Views: 669

Refinish hardwood or new carpet

My fiance had to relocate a few months ago. He bought a house that he currently lives in, and the intent is to turn it into rental once I can relocate (hopefully next summer). He pulled the carpet which was in dismal shape. The hardwood needs refinished, but now he is wondering about getting a quote...
by Determined
Wed Oct 11, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Card - Should I get a Replacement
Replies: 47
Views: 2531

Re: Social Security Card - Should I get a Replacement

Ally wanted a copy of my SS card to open an account. They said they couldn't verify my identity. No one else has asked for it in forever.
by Determined
Sun Oct 08, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Spending FSA dependent care money
Replies: 7
Views: 667

Re: Spending FSA dependent care money

When I used FSA for childcare, I had to have the provider's social security number., but it was more than $2000. The provider wrote me receipts. It's been seven years since I last did this, though.
by Determined
Sat Oct 07, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1261

Re: Paying off house that is in estate

Why? I asked the bank. They said the type of mortgage could not be assumed. But you don't have to. Under Garn St. Germain banks can't exercise the due on transfer clause in a loan if the property is transferred to a Living Trust or to a family member under the terms of a will. See section (d) 5 htt...
by Determined
Sat Oct 07, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1261

Re: Paying off house that is in estate

We have already determined I cannot assume the mortgage. Why? I asked the bank. They said the type of mortgage could not be assumed. But you don't have to. Under Garn St. Germain banks can't exercise the due on transfer clause in a loan if the property is transferred to a Living Trust or to a famil...
by Determined
Fri Oct 06, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1261

Re: Paying off house that is in estate

That home is in trust...... Since the home is is a trust is there any reason that the condo could not be sold now? In addition to getting it sold while the housing market is still hot, like it is in many areas, that would also save the monthly fees of holding it until the estate is settled then put...
by Determined
Fri Oct 06, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1261

Re: Paying off house that is in estate

denovo wrote:
Thu Oct 05, 2017 11:26 pm
Determined wrote:
Thu Oct 05, 2017 9:25 pm
We have already determined I cannot assume the mortgage.
Why?
I asked the bank. They said the type of mortgage could not be assumed.
by Determined
Thu Oct 05, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1261

Re: Paying off house that is in estate

The mortgage is not due. The bank knows I am paying it. We have already determined I cannot assume the mortgage. My plan is to pay it monthly until someone says I have to take ownership. That means keeping money liquid to do so. I could do that now if necessary. It would be easier in 2018. My questi...
by Determined
Thu Oct 05, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1261

Re: Paying off house that is in estate

We have the value of the condo worked out with other assets. He and have fortunately done very well working together.
by Determined
Thu Oct 05, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1261

Re: Paying off house that is in estate

My brother and I are beneficiaries of the estate and trusts. It has already been determined that I will own the condo, and the equity according to the step up basis has been worked out. This condo is in estate. I have paid and continue to pay from my personal funds. That includes escrowed taxes and ...
by Determined
Thu Oct 05, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1261

Paying off house that is in estate

I understand the basics of paying off a mortgage. I am living in my mother's condo and paying the mortgage. I moved there shortly before she unexpectedly died, and we had not changed ownership. She lived in Florida. That home is in trust and will be sold. I am the executor and trustee. The mortgage ...
by Determined
Thu Oct 05, 2017 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity: can no longer use first initial, middle name
Replies: 30
Views: 2505

Re: Fidelity: can no longer use first initial, middle name

Both my dad's and brother's first names are John, but they have always used their middle names. There are all kinds of things where they are listed as John. The military is one in particular, but there are others. I am not sure how annoyed they get. It's just how it is.
by Determined
Thu Sep 28, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9546

Re: My boneheaded financial mistakes

1. Didn't challenge my ex in 2008 when he decided to sell our investments. My inner voice said leave it there. I never asked what he did with the money, but it obviously did not go back into investments.

2. Waited until he raided our home equity (gambling) before finally filing in 2014.
by Determined
Sun Sep 24, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating my HSA
Replies: 10
Views: 882

Re: Evaluating my HSA

Which is a bigger number: 10% of X or 10.5% of Y? We need more info. Ah. Good point. I pay $109.80 a month for my family. It was $99.50 when we started so I figured I was essentially getting free premiums. The other family plan I think is at $145/month. Again, good to understand all the things I sh...
by Determined
Sun Sep 24, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating my HSA
Replies: 10
Views: 882

Re: Evaluating my HSA

Thank you. This us all very helpful. I will find out what my costs would be if I switched. Based on the original meeting several years ago when I signed up, I believe I will still be ahead because the match essentially pays my premiums. I am maxing out my 457 and Roth IRA in addition to the HSA this...
by Determined
Sun Sep 24, 2017 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating my HSA
Replies: 10
Views: 882

Re: Evaluating my HSA

My friend and I were debating the value of our HDPD plan because the percentage of the premium is not that different. I pay 10% and the regular plan is 10.5%. I have seen plans were the difference when on an HDPD is significantly less. I think that it still is the better option for me, especially si...
by Determined
Sun Sep 24, 2017 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating my HSA
Replies: 10
Views: 882

Re: Evaluating my HSA

So if I want to switch plans for the year my next child gets braces and pay for it using FSA, I should be able to? Our treasurer's office had been a mess. Everyone is now new there in the last year. They are still sorting things out.
by Determined
Sat Sep 23, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating my HSA
Replies: 10
Views: 882

Evaluating my HSA

My school district began offering a HDHP with an HSA about five years ago. After meeting with the group plan administrator, it seemed that it was a good fit for my family. My three kids and I had been averaging about $900 a year in expenses. The board matches $1200, and my cost is about $100 a month...
by Determined
Wed Sep 13, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Enrollment window for 403b
Replies: 1
Views: 180

Enrollment window for 403b

My school district allows 403b enrollments two times a year. This applies to new accounts and changes in elections. I never paid much attention to until this year. I have a 403b, but switched to a 457 when they dropped the provider I originally had. I can change anything at anytime with my 457 direc...
by Determined
Sat Sep 09, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: NJ Teacher Lost with 403bs
Replies: 30
Views: 3713

Re: NJ Teacher Lost with 403bs

I just want to see this was been one of the most personally informative threads I have read since I started six months ago. The honest discussion about the goal of low fees and the reality of options particularly for teachers is terrific. It makes me wonder why we are required to meet with a America...
by Determined
Thu Sep 07, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie transfer Ameriprise to Vanguard?
Replies: 5
Views: 361

Re: Newbie transfer Ameriprise to Vanguard?

I am in the process of moving an inherited IRA from Wells Fargo to Vanguard. The representative was very helpful. I am able to move everything in-kind, but I am opting for a cash transfer. It is not going to cost me anything to liquidate at Wells because those charges are included in the wrap fee. T...
by Determined
Thu Sep 07, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Columbia Fund for 403b
Replies: 4
Views: 279

Re: Columbia Fund for 403b

1.75% is awful. One of the other options, even if it's wrapped in an annuity, might be better. My options are American Fidelity Ameriprise Great American insurance Lincoln National Insurance Metropolitan Life I have not talked to all of them, but I looked them all up on 403bcompare. The least expen...
by Determined
Thu Sep 07, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Columbia Fund for 403b
Replies: 4
Views: 279

Re: Columbia Fund for 403b

I am confused. Why are you talking to an advisor about your employer plan? Do you not have the option to manage your own plan? If it is a new account, what is he charging 1.75% on? Don't you have a zero balance? Regarding your old 403b, are you saying this is an old account but with the same employ...
by Determined
Thu Sep 07, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Columbia Fund for 403b
Replies: 4
Views: 279

Columbia Fund for 403b

Hi again, I started a new thread because I have just one practical choice if I am going to open a new 403b. Amerprise has a Columbia Fund CBLAX https://www.columbiathreadneedleus.com/ ... =19765P471 I would go with class C because I am likely relocating next year and don't want the upfront fees if I...
by Determined
Wed Sep 06, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: How to break into new field?
Replies: 49
Views: 3296

Re: How to break into new field?

It is easier to get out of education sooner than later. I have 23 years in and am faced with a decision to move out of state next year. After 23 years I will have some strikes against me getting a new job. I almost certainly will take a pay cut because districts often only give ten years experience...
by Determined
Wed Sep 06, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: How to break into new field?
Replies: 49
Views: 3296

Re: How to break into new field?

It is easier to get out of education sooner than later. I have 23 years in and am faced with a decision to move out of state next year. After 23 years I will have some strikes against me getting a new job. I almost certainly will take a pay cut because districts often only give ten years experience....
by Determined
Wed Sep 06, 2017 5:21 am
Forum: Investing - Help with Personal Investments
Topic: 403b help
Replies: 12
Views: 1122

Re: 403b help

That is exactly where I am torn. I want to take further as an age of tax advantaged accounts, but I don't like would be paying.

Would I be better off investing in my Vanguard taxable accounts?
by Determined
Tue Sep 05, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: 403b help
Replies: 12
Views: 1122

Re: 403b help

The providers for a 403(b) are the first step. The second step is seeing what investment lineup each provider has. Some otherwise decent providers might have horrible lineups for your district. Likewise, you can sometimes find decent lineup options with providers that generally have mostly fee-heav...
by Determined
Tue Sep 05, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: 403b help
Replies: 12
Views: 1122

Re: 403b help

The only provider on your list that offers a mutual fund custodial account rather than an annuity 403b is Ameriprise. Check them out on 403bcompare (run by CA State Teachers Retirement System). They sell class A and C Columbia funds (front and back loaded) which also have high ERs. However they off...
by Determined
Tue Sep 05, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Interest bearing HSA
Replies: 5
Views: 458

Re: Interest bearing HSA

I have an employee sponsored HSA that does not have an investment option. Interest is 2.6%. The school matches up to $1200. Originally I put in $1200 to receive the match. This year I put in $5500 for the family maximum. I have not been using to reimburse. Our needs are fortunately low and can be c...
by Determined
Tue Sep 05, 2017 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Interest bearing HSA
Replies: 5
Views: 458

Interest bearing HSA

I have an employee sponsored HSA that does not have an investment option. Interest is 2.6%. The school matches up to $1200. Originally I put in $1200 to receive the match. This year I put in $5500 for the family maximum. I have not been using to reimburse. Our needs are fortunately low and can be co...
by Determined
Tue Sep 05, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: High interest checking or cash back credit cards?
Replies: 9
Views: 867

Re: High interest checking or cash back credit cards?

No. I used to use debit cards or ACH directly from my checking account for everything except online purchases. As I mentioned, this was an overaction to financial issues in my former marriage.

Just looking for the best return on my spending and emergency fund.
by Determined
Mon Sep 04, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: High interest checking or cash back credit cards?
Replies: 9
Views: 867

Re: High interest checking or cash back credit cards?

If you are going to use reward checking accounts you can do better than 2%. For example, the following accounts are available nationwide: 3% on $15000 at Lake Michigan Credit Union if you make 10 debit purchases a month 5% on $10000 at North point Bank if you make 15 debit purchases a month 4.59% o...
by Determined
Sun Sep 03, 2017 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Inherited IRA to Vanguard
Replies: 11
Views: 794

Re: Moving Inherited IRA to Vanguard UPDATE

I have done my best to list my account holdings. My primary question is still about the inherited IRA, although I imagine you will see there is not much of a plan right now. It's been a wild three years with both my parents passing, a divorce, and sending two kids to college. I am going to move the ...
by Determined
Sun Sep 03, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: How old were you when you got your first credit card?
Replies: 46
Views: 2006

Re: How old were you when you got your first credit card?

16 as an authorized user in the 80s. My daughter opened one this year at 19 for emergencies, and she immediately set up full automaticpayments.
by Determined
Sun Sep 03, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: High interest checking or cash back credit cards?
Replies: 9
Views: 867

High interest checking or cash back credit cards?

I have been using a kasasa interest bearing account with my local bank for a long time. Although I always pay off my credit cards, I rarely used them. Part of this was a reaction to issues in my former marriage. Now that I am taking full charge of my financial planning with lots of help from this si...
by Determined
Fri Aug 25, 2017 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Inherited IRA to Vanguard
Replies: 11
Views: 794

Re: Moving Inherited IRA to Vanguard

Sorry. I currently have two taxable accounts at Vanguard made up of the above etfs. I am going to move an inherited IRA from Wells to Vanguard. [/quote] What is the purpose of your taxable accounts? Do you plan on using them for retirement? How do you plan on taking distributions from the Inherited ...
by Determined
Fri Aug 25, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Inherited IRA to Vanguard
Replies: 11
Views: 794

Re: Moving Inherited IRA to Vanguard

I think you may have confused people in your original post. Do you currently have taxable investments at Vanguard (invested in the funds you listed) and now are moving an inherited IRA to Vanguard? Sorry. I currently have two taxable accounts at Vanguard made up of the above etfs. I am going to mov...
by Determined
Fri Aug 25, 2017 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Inherited IRA to Vanguard
Replies: 11
Views: 794

Re: Moving Inherited IRA to Vanguard

you might already know this but make sure it's titled properly. Having an inherited IRA not titled properly (I've heard) can lead to problems IRS-wise (according to James Lange). The titling is usually something like: "Michael Jackson Inherited IRA for the benefit of Paris Jackson, beneficiary." I'...
by Determined
Fri Aug 25, 2017 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Inherited IRA to Vanguard
Replies: 11
Views: 794

Re: Moving Inherited IRA to Vanguard

If the funds are all in Vanguard products, there will be no charge to sell once you get them to vanguard. If not, you might have to pay 20 bucks to sell mutual funds. If you sell, you might miss being out of the market for a week or two, and miss any gains. As the market usually goes up, this is us...
by Determined
Fri Aug 25, 2017 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Inherited IRA to Vanguard
Replies: 11
Views: 794

Moving Inherited IRA to Vanguard

I am going to move an inherited IRA from Wells Fargo. I have already spoken to Vanguard and will be getting the paperwork next week. I can transfer in-kind or I will have WF liquidate and transfer the cash. What would you suggest I invest in? Here are my Vanguard investments between two taxable acco...
by Determined
Fri Aug 25, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Rejected By Two Banks For an On-Line Savings Account….why?
Replies: 24
Views: 3471

Re: Rejected By Two Banks For an On-Line Savings Account….why?

Ally called me today saying that their "back room" could not verify my ss# to open an account. They want a copy of my drivers license and a copy of my ss#. Synchrony never asked me to send anything two months ago. Weird Really? Keep in mind I'm grumpy and suspicious but I wouldn't do that without a...
by Determined
Fri Aug 25, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Paying off an inherited business mortgage
Replies: 12
Views: 879

Re: Paying off an inherited business mortgage

The more I read here, the more confused I get. This is how I now understand things: Your parents each had separate trusts. Your dad had a business that his trust owned, but I don't know if it was a sole proprietorship, co-owner, LLC, etc. [This part may be irrelevant here except that I don't know i...
by Determined
Fri Aug 25, 2017 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Paying off an inherited business mortgage
Replies: 12
Views: 879

Re: Paying off an inherited business mortgage

Thanks for the details you provided! It seems to me that the real property is owned not by you personally but by the trust, a separate legal entity. If so, it seems logical that repairs should be conducted by the trust, not by the business that is the tenant, and that the trust should retain some a...
by Determined
Thu Aug 24, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off an inherited business mortgage
Replies: 12
Views: 879

Re: Paying off an inherited business mortgage

I think my confusion as to the facts arises from the initial statement that "the building mortgage is in trust." Please allow me to ask these questions: Who owns the real property? Who established the trust? Who are the beneficiaries of the trust? Thanks! Thank you for asking thoughtful questions. ...
by Determined
Thu Aug 24, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Rejected By Two Banks For an On-Line Savings Account….why?
Replies: 24
Views: 3471

Re: Rejected By Two Banks For an On-Line Savings Account….why?

Ally called me today saying that their "back room" could not verify my ss# to open an account. They want a copy of my drivers license and a copy of my ss#. Synchrony never asked me to send anything two months ago. Weird
by Determined
Thu Aug 24, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off an inherited business mortgage
Replies: 12
Views: 879

Re: Paying off an inherited business mortgage

I am unclear as to the facts. Let me see if this is correct: The parents of Determined and Brother are now deceased, so they now own a business. The business pays rent to a trust, which owns the real property where the business is located. Determined is the successor trustee for the trust. The trus...
by Determined
Thu Aug 24, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off an inherited business mortgage
Replies: 12
Views: 879

Re: Paying off an inherited business mortgage

Thank you. I should clarify. There is no plan to sell the business. It is running well. We would prefer to accelerate the loan. The question is whether to divide the available funds between investment money and loan reduction.
by Determined
Thu Aug 24, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off an inherited business mortgage
Replies: 12
Views: 879

Paying off an inherited business mortgage

My brother and I inherited my dad's small business after my mom recently passed. We are not employees. The building mortgage is in trust, and I am the successor trustee. The business pays rent. Term: April 2030 RatE: 7% (prime +2.75%) Balance:242,000 Monthly payment:$3,250 We have $3600 extra coming...