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straws46

We travel to Asia and Australia on vacations a lot, and we are older so we always go first or business class. We use credit card points, so it is much easier to fly out of LA or Houston. Therefore, we leave a couple days early to get to our jumping off point and usually fly SW. When we come home the...

straws46

A trip by boat from circular quay to the Sydney zoo was a fun experience. A day trip to the Blue Mountains was ok. We took the train/subway to and from the airport. It was clean and easy and fast. The highway traffic was bad due to construction and people were missing flights as they sat trapped in ...

straws46

We used to get Metabolic Meals. Excellent quality and extremely healthy. Delivered to your door. Keep frozen until microwaved. Only negative was the amount of packaging material. Check out their web site. It may be what you're looking for.

straws46

Structuring. If the four divided up the money so no one had more than $10,000 that is structuring. If they can't explain how they obtained the money and the reason for bringing it into the US, they could be charged with money laundering.

straws46

Good advice, above. A factor to consider in the refundable/non-refundable fee scenarios is the credit-worthiness of the CCRC holding the money and whether your refundable deposit is held separately in a manner where it is not accessible to creditors or for general working capital purposes Good advi...

straws46

It is a little longer process than most inter-broker transfers because from Computershares your broker must initiate a transfer through the Depository Trust Company. Most other inter-broker transfer are done by the ACAT system (automated customer account transfer). DTC transfer takes more time and m...

straws46

Very common practice for entities that are tax exempt. If they can get transferable tax credits (as in low income housing) they can just sell the tax credits for about 90% of face value (the purchaser gets the federal tax credit but the spread is subject to state tax). Otherwise, they can find a thi...

straws46

If you are going to invest in art, buy originals. Lithographs maybe, but not prints. I chose to invest in fine wine. Can't sell it for what I paid but I don't have an issue with liquidity. I'm writing that investment off a glass at a time.

straws46

As a follow up, the deferred comp is included in line 1 (wages) but not included in line 3 (social security wages), so I assume line 3 is what they look at to see if you would be penalized for excess income. But I would verify that with a visit to my local social security office.

straws46

I would definitely talk to a tax expert and the social security administration. I believe any income you receive for services rendered in prior years does not affect your benefits. Also, if you elect payment over 10 years it is treated as pension income for purposes of state and local taxation. The ...

straws46 · Re: POA Reimbursement Can you? See RCW 11.25.120. Should you? ???

Can you? See RCW 11.25.120. Should you? ???

straws46

We've had a Flobed for 10 years now. Natural latex. Can't beat it. Will probable last another 10. We will replace it with another Flobed. Check out their website.

straws46

UCC article 4 covers paper drafts; UCC Article 4a covers electronic transfers. That article is expanded, and can even be superseded, by NACHA operating rules and Federal Reserve Regs. The FDIC web site would be a great place to get educated in this area.

straws46

If you are having a lawyer prepare wills, trusts and other estate documents you might as well get the advance directives from the same source just to make sure everything is witnessed or attested properly. Otherwise, no reason not to use self-prepared forms for the medical docs in my opinion.

straws46

I would say thank you for your support. Formerly in the military and now as a taxpayer. At least you live in Florida.

straws46

There were statutes that required lessors of safe deposit boxes to file wills with the probate court. Those often conflicted with later laws giving joint lessors the right to enter the box after death of one owner. In the state I practiced the conflict was finally removed by a 1994 law but it was dr...

straws46

Lott is correct on the tax ID. A revocable living trust where the grantor is a trustee is a disregarded entity for tax purposes and you must use the grantor's number.

straws46

I think spell check changed my mistaken "client" to alien.

straws46

It is not a statutory or regulatory requirement that I know of. But if a bank honors a check after the owner is dead it can be liable (see sec 4-405 of the Uniform Commercial Code). Also, banks are liable to return social security payments received after the death of the depositor, so banks have eve...

straws46

Too short a time to go to Asia, Australia or NZ in my opinion. We took a trip to Buenos Aires and a ferry across to Uruguay last year. Very enjoyable. Particularly enjoyed Montevideo. Big advantage is the less significant time difference from US time zones. No jet lag.

straws46

The guys who installed our garage doors just left $40 richer due to this thread. I probably would not have thought about tipping until I saw this thread. But I'm glad I did --- and so are they.

straws46

Lehman Brothers was not a bank. They did not issue CDs. If you bought brokered CDs through them, their failure did not affect the CDs they sold. After the collapse many surviving entities obtained bank charters, so now you can buy CDs from Goldman Sachs and General Motors Acceptance Corp (aka Ally),...

straws46

No, but I consider my automobile as my entire international allocation.

straws46

If a dividend yield sounds too good to be true, it probably is. Yields are high right before a troubled company slashes its dividend. Always compare within the same sector to see if a yield is abnormal. Compare utilities to utilities, energy companies to other energy companies, financials to financi...

straws46

I own some preferred stocks and some municipal bonds. Both are being redeemed. Almost every bond with a coupon over 3.5% I have is being called and paid off with the proceeds of new issues. Since I always bought with the "yield-to-worst" in mind, I haven't suffered except being unable to replace the...

straws46

With respect to the $75 fee, the language authorizes it only if paid to a third party. Typically lenders fill out the blanks on a deed of release themselves as that has been held not to constitute the practice of law, but they can't charge a fee for it since charging a separate fee for filling out a...

straws46

I was always fascinated by complex investment vehicles. From auction rate securities to credit enhanced private activity bonds, I loved to parse the myriad underlying indentures, standby letters of credit, remarking agreements, ad infinitum. Of course, I worked as a lawyer in the finance industry. M...

straws46

Receiving a stock grant is only a taxable event if they vest immediately. Otherwise the vesting is the taxable event and the value is taxed as ordinary income and the company withhold taxes as of the vesting date. That value is your original basis. If you end up with shares for which you can't figur...

straws46

Two things about this thread made me smile. Just thinking about B & J Phish Food and RadAudit's post.

straws46

We spent a week each in HCMC, Danang and Hanoi. Loved the experience and the people. Best tip I could give is to fly business class domestically. The security process alone is worth the extra money. It was a couple years ago but we got to go through security the same as the flight crew. No lines!

straws46

Just spent a few weeks in Soeul and Busan and had no need for cash. Tipping is not required but that is about the only thing I used cash for. Transportation cards can be purchased at most stations and they are good for the subway as well as taxis, but all the taxis accepted credit cards.

straws46

I had owned nothing but Acuras until 2013 when I bought a new A6. Great car but the depreciation on an Audi is huge. Only buy a new one if you're going to keep it for a long time. I might compare the Q5 to an MDX also.

straws46

It is not legal to charge a commission and a spread. A broker may charge one or the other. Commissions are disclosed so most brokers do not charge them. Instead they "mark" up the bond. The terminology is a "mark" rather than a "spread," but that is just semantics. You can go to EMMA and track all p...

straws46

Your biggest asset is your human capital so you will be able to recover from this problem over time. The issue is making sure you have the time. Walking away is usually not a good answer. A foreclosure will ruin your credit for years and a foreclosure may leave you owing a large deficiency balance e...

straws46

Treas. Reg. § 25.2511-1(h)(4) spells it out clearly: With bank accounts and most brokerage accounts that call for the registration of securities in “street name,” Dad will not have made a reportable gift if he simply adds Junior’s name as a joint owner. Reportable gift transfers occur only if Junior...

straws46

Appraisals are based on the reported sale prices of comparable properties. In a rising market an MAI appraisal will always be low since prices have been rising since the dates of the older sales used as comps. Same thing in reverse in a falling market. since most buyers will include a financing cont...

straws46

We were traveling through that area in March and stayed in Monza for a couple days rather than Milan and enjoyed the park and raceway and old town area. Also liked the American style hamburger joint. Compare and see what fits your preference.

straws46

Livesoft referred you to the right place. This is what you will find there: Amount realized. The amount you realize from a sale or trade of property is everything you receive for the property minus your expen- ses related to the sale (such as redemption fees, sales commissions, sales charges, or exi...

straws46

While my parents were alive I suggested they bring back primogeniture, but they would not have it. These discussions are interesting and are great reasons to review your will or trust whenever there is a change in circumstances and update in accordance with your wishes, whatever they may be. For me,...

straws46

Agree with Stinky. Individual stocks are for those whose other assets, or other income, are sufficient to permit the greater risk that goes with owning individual equities. The biggest risk for me is having such a low basis in individual stocks that tax considerations override prudent investment dec...

straws46

I saw someone complained about doing Cal itemization even though they took the federal standard deduction. I should be so lucky. Kansas does not permit itemization unless you itemize on the federal return, and the SALT limit prevented me from itemizing on the federal return. The amount I saved in fe...

straws46

check out IRS Publication 559

straws46

The SALT limitation kept me from itemizing but my effective rate went down 2% due to the rate reductions. However, my state (like most?) doesn't permit itemization unless you itemized on the federal. That increased my state tax by about $1000. Looks like the new tax law is a windfall for states (unl...

straws46

When you say the minimal you receive on cash my only recommendation would be to move all cash out of Schwab's cash and money market account to SWVXX, which is their higher yielding cash account. One day delay in getting in or out of it. Based on your sobriquet and your financial picture I assume you...

straws46

We transfer them to their airline partners for international first and business class airfares.

straws46

Make sure you understand the legalities. I never heard of "joint tenants in common." There is joint tenancy with right of survivorship, and there is tenancy in common in which each fractional share is separately owned. I doubt a typical mortgage loan would be supported by tenancy in common. The only...

straws46

I rebalanced last December and reduced my exposure to equities. OK, maybe I didn't proactively do it, but it occurred. I'm over 70 and have enough in fixed income to, so I don't feel the need to rebalance if the market goes up or down. But each person's risk tolerance should be the deciding factor.

straws46

We take long trips overseas and sometimes the hotel wifi won't let us us our VPN, so we have auto-pay on all our accounts for the full balance. That is our safeguard but we usually pay our card balances every week. Whenever we have a statement balance and subsequently pay manually, the auto-pay feat...

straws46

The day the government pays a higher rate is at least one day too late to sell your government bond. Actually, anticipated rate changes are already priced in so the day before the change was probably too late also. If you are buying bonds for safety and guarantied cash flow you should ignore changes...

straws46

I always assumed buying a bond fund was pretty much the same as buying the underlying bonds. When you buy a bond you are also buying all accrued but unpaid interest. When you buy a bond fund the accrued interest is in the price, as is the premium or discount depending on the underlying bond yields.

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