Search found 486 matches

by Gnirk
Fri Apr 29, 2016 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: If not Children - Who/What Leave Estate To?
Replies: 27
Views: 2386

Re: If not Children - Who/What Leave Estate To?

My Traditional IRA, our homes and cars (all owned jointly) go to my DH, the remainder of my estate (Vanguard taxable account, cash and CDs) is to be distributed equally to my two daughters, who have no children. DH has the same plan, with the remainder of his estate going to his son and daughter.
by Gnirk
Fri Apr 15, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax filing mistakes made by your CPA (or yourself)]
Replies: 69
Views: 3974

Re: How often does your CPA screw up your taxes?

Just once that we know of, on last year's return. Discovered this year he hadn't included interest on cashed I-bonds on 2014 return. His unsolicited advice: "let's wait to see if the IRS catches it". DH agreed, but I'm not happy about it.
by Gnirk
Mon Apr 11, 2016 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: An Update on my condition - dementia is not fun
Replies: 19
Views: 4945

Re: An Update on my condition - dementia is not fun

I, too, appreciate your update posts, and your willingness to share with us how you are affected by the progression, and as to what steps you have, and continue to take in your financial life.
by Gnirk
Sun Apr 10, 2016 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: An Update on my condition - dementia is not fun
Replies: 19
Views: 4945

Re: An Update on my condition - dementia is not fun

I'm very sorry to hear about your circumstances, and I hope the docs can give you a diagnosis soon. That will make it somewhat easier to find the appropriate treatment. I have no questions; it sounds like you are taking the appropriate steps regarding your personal safety and finances. I hope you ha...
by Gnirk
Sun Apr 03, 2016 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Question about taxes when terminating a trust
Replies: 14
Views: 478

Re: Question about taxes when terminating a trust

Back to OP’s question: The trust will file a 1041 and issue K-1s to the beneficiaries assuming there were distributions to the beneficiaries with which to carry out this income. My mom passed away in July 2015, and had a revocable living trust. My mom's CPA filed her personal return, plus a final 1...
by Gnirk
Sat Apr 02, 2016 4:05 am
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 3736

Re: SF Bay Area Housing: Listing agent underpricing

Although I'm not familiar with the SF market, here's what's happening in Seattle. My daughter, is trying to buy a 1-bedroom condo, usually 30-40 years old, of about 700-800 sf: Multiple cash offers, often $30,000 or more above the listing price. Multiple conventional loan offers often $50,000 over t...
by Gnirk
Thu Mar 31, 2016 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 3736

Re: SF Bay Area Housing: Listing agent underpricing

The same thing is happening in the Seattle market.
by Gnirk
Tue Mar 22, 2016 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard won't complete a transfer What do i do?
Replies: 27
Views: 4177

Re: Vanguard won't complete a transfer What do i do?

I understand your frustration. If I were you, I would ask to speak to a manager in their transition department. We had a similar experience, though not as lengthy as yours. I was shocked at how long it took Vanguard to transfer funds after my mom's death from her accounts to my brother's and my acco...
by Gnirk
Wed Mar 16, 2016 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Loan to Family Member - Any Tax Issues?
Replies: 13
Views: 1182

Re: Loan to Family Member - Any Tax Issues?

If the son and daughter each gift each parent $11,250, this should equal the 20% down payment for a $225,000 house. The gifts are under the gift tax exclusion amount, so there would be no gift tax return required, according to my understanding.
by Gnirk
Sun Mar 13, 2016 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: For Parents Who Have Given a Child Money For Home Down Payment
Replies: 158
Views: 10836

Re: For Parents Who Have Given a Child Money For Home Down Payment

My point is very simple. In most cases, in order for a family to buy a house, the family has to spend more than renting. And, in order to prepare for this, the family need to have savings in after tax account. This is also an indication that this family has extra cash flow to handle the increase in...
by Gnirk
Sun Mar 13, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: For Parents Who Have Given a Child Money For Home Down Payment
Replies: 158
Views: 10836

Re: For Parents Who Have Given a Child Money For Home Down Payment

I think it's a very generous gift, and one which your son and his family will appreciate. I recently disclaimed a portion of my inheritance from my mom (who told me that she wanted to keep her will simple, so if I wanted to share my inheritance, that was up to me), to each of my daughters. This allo...
by Gnirk
Fri Mar 11, 2016 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance diverted to me in order to support mother
Replies: 25
Views: 3184

Re: Inheritance diverted to me in order to support mother

ResearchMed wrote:Speak with an attorney about a special needs trust, or some other trust that would specifically minimize the impact on your mother's current assistance.

Good luck.

RM


+1
by Gnirk
Wed Mar 09, 2016 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Mom needs long term care - assets into trust?
Replies: 22
Views: 2187

Re: Mom needs long term care - assets into trust?

delamer wrote:It is not as if people are being scammed out of their savings under the Medicaid rules. They are being asked to provide for their own care, to the best of their ability, before the taxpayers have to take on that burden. That's fair.

+1
by Gnirk
Tue Feb 16, 2016 3:53 am
Forum: Personal Finance (Not Investing)
Topic: How to save money and keep the house clean?
Replies: 48
Views: 5444

Re: How to save money and keep the house clean?

Our house is a little larger than the OP's, a two- story. We have a little less than half acre yard with 8,000 sf of grass and many flower beds. And a very fussy HOA. I'm 71, DH is 77. We can no longer do all the work ourselves, and he won't even think of moving! My spring mantra is " I want a ...
by Gnirk
Tue Feb 09, 2016 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Accelerating financial independence by living with father-in-law?
Replies: 26
Views: 2746

Re: Accelerating financial independence by living with father-in-law?

My parents gave me this advice when I was just married: "Never live with relatives or friends unless you have no choice. " A year later, as my husband and I were house-shopping and expecting our first child, my in-laws offered to let us live in the lower level of their beautiful home. We p...
by Gnirk
Wed Jan 27, 2016 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct is a waste of time
Replies: 57
Views: 5964

Re: Treasury Direct is a waste of time

I have to agree. I find it very cumbersome and not at all user-friendly. I inherited 36 paper EE and I bonds that had no POD on them. After completing all the proper paperwork and mailing in the bonds, they are finally in a conversion account after three months. Now I have to transfer them into my r...
by Gnirk
Wed Jan 27, 2016 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance and portfolio
Replies: 7
Views: 826

Re: Inheritance and portfolio

Thank you, Livesoft and Mike! I really appreciate your help. This will help me get to the more simple portfolio that I need.
by Gnirk
Tue Jan 26, 2016 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Should I leave Ameriprise?
Replies: 28
Views: 1939

Re: Should I leave Ameriprise?

Yes, the faster the better.
by Gnirk
Tue Jan 26, 2016 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance and portfolio
Replies: 7
Views: 826

Re: Inheritance and portfolio

Mike- Thank you for your reply; I appreciate your insight. I'll try the Morningstar instant X-ray. BTW, several months ago, I spoke to my Vanguard Flagship representative and asked him to review all my holdings. At the time I held the inflation protected bond fund in my IRA, and he advised me to exc...
by Gnirk
Tue Jan 26, 2016 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance and portfolio
Replies: 7
Views: 826

Inheritance and portfolio

AGE: 71 MARRIED SS: $1500 per month Pension: $1200 per month I am not drawing anything from the investments other than my RMD and muni bond interest. Desired asset allocation: 35/60/5 (stocks, bonds, cash) My mom passed away in July, and I inherited a portion of her investments (which have lost quit...
by Gnirk
Tue Jan 19, 2016 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Help with Inherited Savings Bonds
Replies: 9
Views: 722

Re: Help with Inherited Savings Bonds

I just went through this when my mom passed away, leaving about $100,000 (current value) of EE savings bonds with no POD on the bonds. Fortunately, I was able to divide them equally by both face value and issue date between my sibling and me. I transferred them into our respective Treasury Direct ac...
by Gnirk
Sat Jan 16, 2016 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance question as sole beneficiary
Replies: 32
Views: 2406

Re: Inheritance question as sole beneficiary

My mother's will was written so that if I passed before my mother, my share would go to my children per stripes. She did not leave anything to them directly, but told my brother and I if we wanted to share our inheritance with our children, it was up to us. I was able to disclaim an amount that I wi...
by Gnirk
Wed Jan 13, 2016 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help - want to pay "cash" for a car
Replies: 68
Views: 3952

Re: Help - want to pay "cash" for a car

we always pay cash for our cars, and pay with a personal check.
by Gnirk
Tue Jan 12, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Dementia/Alzheimer's (spouse)
Replies: 36
Views: 3959

Re: Dementia/Alzheimer's (spouse)

Just a few thoughts, having spent 12 years in the Alzheimer's world with my mom: I agree with placing a limit on the spouse's credit card, as well as setting up text/email alerts when the credit card is used. I actually have our alerts set at $10.00 and neither of us have cognitive issues yet, but h...
by Gnirk
Fri Jan 08, 2016 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Can I take total RMD from inherited tIRA?
Replies: 5
Views: 614

Re: Can I take total RMD from inherited tIRA?

Thank You. I think I'll call Vanguard to see if I can move it from Chase to Vanguard, so I can eliminate the $20/year fee charged by Chase.
by Gnirk
Fri Jan 08, 2016 2:03 am
Forum: Investing - Help with Personal Investments
Topic: Can I take total RMD from inherited tIRA?
Replies: 5
Views: 614

Can I take total RMD from inherited tIRA?

I inherited a small tIRA (<$10,000) held at Chase and I have a fairly small Vanguard tIRA of my own. Both require an RMD. The total RMD for both is around $6,000. Can I take that total RMD just from the inherited tIRA?
by Gnirk
Thu Jan 07, 2016 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: How would a boglehead spend the lotto?
Replies: 36
Views: 1557

Re: How would a boglehead spend the lotto?

If I won the "big one": I would immediately change my phone number and switch to a PO Box address. then I would consult a good Estate/Tax attorney. If legal, I would set up a Limited Partnership that would include those I want to help, have the funds paid to the partnership, and disburse t...
by Gnirk
Sat Jan 02, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: What to do for elderly parent, if they reject help?
Replies: 54
Views: 4357

Re: What to do for elderly parent, if they reject help?

First of all, I am sorry you are facing this with your mom. If you are noticing this from a distance, she is probably more compromised than you know. I would suggest spending a week with her so you can truly understand how compromised she is. First of all, she may or may not legally be able to sign ...
by Gnirk
Sun Dec 06, 2015 11:08 pm
Forum: Personal Consumer Issues
Topic: Holiday tipping: letter carriers
Replies: 120
Views: 8476

Re: Holiday tipping: letter carriers

Our mail carrier gives us superb service (we travel, and place our mail on hold several times a year, coupled with forwarding during other times). I didn't know they weren't supposed to accept gifts. I've always given him a check for $25 in a card every year. He has never solicited a "gift"...
by Gnirk
Sat Nov 28, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Fed job - not selected
Replies: 31
Views: 3576

Re: Fed job - not selected

Thanks for the insights. They do make a lot of sense. I was found qualified and referred to the selecting official, so I passed the first hurdle. I was not clear on what happens after that, but now I understand that at point it becomes completely a decision on that official and they can use whateve...
by Gnirk
Wed Nov 25, 2015 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly in-laws moving in: what to consider?
Replies: 66
Views: 9478

Re: in-laws moving in

I lost my mom to Alzheimer's this summer, after 12 long years with the disease. I would think long and hard before agreeing to move your in-laws into your home, and accepting responsibility for their care. The addition to the house is the least of your worries. As your MIL's dementia progresses, she...
by Gnirk
Sat Nov 14, 2015 12:55 am
Forum: Personal Consumer Issues
Topic: Costco Travel....anyone used them?
Replies: 18
Views: 2483

Re: Costco Travel....anyone used them?

We used them for an Alaska cruise, and for a Viking River Cruise this past September. Very good to work with, and their prices were better than booking direct with the cruise lines. ( We have an Executive Membership.) We also use them for our car rentals when we travel.
by Gnirk
Mon Nov 02, 2015 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: HOW do you spend your money? (Cash, Debit, Check, Credit?)
Replies: 34
Views: 2299

Re: HOW do you spend your money? (Cash, Debit, Check, Credit?)

I never use my credit union debit card. Once in awhile I use it as an ATM card. We use checks for property taxes and some miscellaneous expenses (gardener, charitable contributions, etc) Credit cards for cable, internet, groceries, personal items, gasoline, restaurants, car and homeowner's insurance...
by Gnirk
Thu Oct 29, 2015 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Car-Certified Lexus LS 460 Vs New ES 350 Vs New RX 350
Replies: 75
Views: 9931

Re: Car-Certified Lexus LS 460 Vs New ES 350 Vs New RX 350

We've owned the Lexus GX470 (purchased new), LS460 (bought used), and currently own a 2015 Lexus RX350 (bought new). In my opinion, if you want both reliability and pure driving comfort, I'd choose the LS460. It's a dream to both drive, and ride in as a passenger. I love my RX350, but it's not nearl...
by Gnirk
Thu Oct 22, 2015 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: At what point did you and your spouse COMBINE your finances (or did you?)
Replies: 53
Views: 3629

Re: At what point did you and your spouse COMBINE your finances (or did you?)

We haven't and we won't. Second marriage, each have children from previous marriage. We have been married 20 years. Our primary residence and vacation home are in both of our names, JTWROS. Everything else is separate, though we have each other's name on our checking accounts as joint owner.....just...
by Gnirk
Tue Oct 20, 2015 12:45 am
Forum: Personal Consumer Issues
Topic: New sofa recommendation : Sofa that lasts long
Replies: 24
Views: 2866

Re: New sofa recommendation : Sofa that lasts long

For a sofa to last through ten years of use, you really need to research the covering. Since your leather cracked and peeled, It sounds like you had a bonded leather, rather than a top grain or full grain leather which will last a very long time, though probably not the best choice for puppies or ki...
by Gnirk
Sat Oct 17, 2015 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any easy way to view all bonds on TD website? [How to add beneficiary?]
Replies: 0
Views: 244

Any easy way to view all bonds on TD website? [How to add beneficiary?]

I find the TreasuryDirect website difficult to use, and have not been able to find a way to view my bonds easily. In other words, I want to see the bonds, the values of each bond, and the POD for each bond displayed on one page. So far, I must go through several steps to view each one individually. ...
by Gnirk
Thu Oct 15, 2015 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Disclosing Personal Property When Buying House
Replies: 14
Views: 1534

Re: Disclosing Personal Property When Buying House

In our state, we value (assess) property at it's highest and best use, and fair market value, using comparable sales as a base. Not identical properties, but comparable properties. Most sales of single family residences include stoves, dishwashers, etc. Those items are not taken into consideration d...
by Gnirk
Tue Oct 06, 2015 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: ALLY Bank and the new tier announcement
Replies: 128
Views: 21891

Re: ALLY Bank and the new tier announcement

My email arrived today.
by Gnirk
Mon Oct 05, 2015 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Ameriprise ???
Replies: 10
Views: 894

Re: Ameriprise ???

Ameriprise Financial Certificates are not FDIC insured.
by Gnirk
Tue Sep 29, 2015 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: how to sell half value of my house to fiance or spouse
Replies: 31
Views: 2522

Re: how to sell half value of my house to fiance or spouse

I can only comment on California, which is a community property state. After you are married, you can file a quitclaim deed. You simply change the name on the property from yours to both. Because you're married, there is no gift involved so there's no need to file any tax forms. (Spouses do not &qu...
by Gnirk
Thu Sep 24, 2015 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: What is the point of a Flagship Representative?
Replies: 69
Views: 8235

Re: What is the point of a Flagship Representative?

We've always received good service from our Flagship Reps. They reply to our emails in a timely manner, though we must make an appointment to speak with him. That's really not a problem. Almost always someone else in the Flagship area can answer our questions. However, my experience with the person ...
by Gnirk
Fri Aug 28, 2015 1:45 am
Forum: Investing - Help with Personal Investments
Topic: [Why a purchase fee on Vanguard Tax Exempt Bond Fund, but not ETF?]
Replies: 4
Views: 1493

[Why a purchase fee on Vanguard Tax Exempt Bond Fund, but not ETF?]

I hope this isn't too much of a dumb question: why does Vanguard charge a .25% fee to purchase their new Tax Exempt Bond Index fund, but not the new Tax Exempt Bond ETF? And other than being able to trade an ETF as you would a stock, what is the difference between these two? I've recently inherited ...
by Gnirk
Mon Aug 24, 2015 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Cost for prenup
Replies: 15
Views: 1618

Re: Cost for prenup

Did you each draft your own prenups, or did one party draft it and the other one just review it and suggest alterations? My DH's attorney drafted it (there was a disparity in our incomes and assets and he owned several businesses), and my attorney asked for changes to make sure it was "fair&qu...
by Gnirk
Mon Aug 24, 2015 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Cost for prenup
Replies: 15
Views: 1618

Re: Cost for prenup

My DH and I have a prenup, but it was written 20 years ago, and was not exactly a "simple' document. I think it cost about $1500, including both attorneys. Yes, each of you need your own attorney.
by Gnirk
Fri Aug 07, 2015 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Seventy-Eight year old mother inherits 1.2 million
Replies: 18
Views: 2654

Re: Seventy-Eight year old mother inherits 1.2 million

Tell your mom to enjoy the money. I am sure she was ok before the money. So tell her to fix up the house she alway wanted, buy that car she wanted and go enjoy some vacations she always wanted to go on. Take family and friends an pay the way. Enjoy the money and forget about the investing. At that ...
by Gnirk
Thu Aug 06, 2015 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Chase asking for liquid net worth, total net worth...
Replies: 46
Views: 6440

Re: Chase asking for liquid net worth, total net worth...

Thank you for all the good information. I was not totally truthful because I thought the financial advisor was fishing for information, and I didn't want to be marketed to by Chase. Mom held all her investments at Vanguard, except for this very small TIRA. Interesting that the paperwork I signed to ...
by Gnirk
Wed Aug 05, 2015 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Chase asking for liquid net worth, total net worth...
Replies: 46
Views: 6440

Chase asking for liquid net worth, total net worth...

My mother passed away recently, and has a small TIRA at Chase (J Morgan Securities) which names my brother and me as 50% beneficiaries. I am her personal representative (and was her DPOA while she was living with Alzheimer's for the past 12 years). 1. They tell me it will take them two weeks to do a...
by Gnirk
Sun Aug 02, 2015 8:19 pm
Forum: Personal Consumer Issues
Topic: Inside Passage Cruise
Replies: 14
Views: 1389

Re: Inside Passage Cruise

Yes to the layering, and a light rain jacket. Yes to the foldable umbrella. Yes to shoes that are water resistant, and a second pair, "just in case". If you cruise Glacier Bay, you should be on deck to fully enjoy the majestic scenery, and hear the glacier calving into the water. And it ma...
by Gnirk
Sat Jul 18, 2015 12:03 pm
Forum: Personal Consumer Issues
Topic: Wedding Reception
Replies: 68
Views: 9167

Re: Wedding Receiption

Your thoughts on whether mixed drinks (in addition to the hosted signature drinks) should be available at their wedding reception -- and if so, cash bar or hosted? There's no should when it comes to wedding receptions. The couple can do whatever is most pleasing to them and their families (but most...

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