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straws46

Thank you both.

straws46

I took an annual RMD in January along with some qualified charitable distributions. I can repay the RMD before August 31, and I intend to do so. However, I cannot find out how to treat the QCDs. If I treat them as part of the RMD distribution and pay them back so the "rollover" equals the exact amou...

straws46

You will not get a discount if you pay cash. Financing is a huge money-maker for the dealer. They have a "buy rate" from the financing entity and the interest rate they offer you will be higher. The dealer pockets the difference. Never let them know you're paying cash until you have a firm price.

straws46

If this is really what you decide to do, standard form leases are aways written in favor of the landlord because they are the only people who buy them. Get a standard form rental agreement for your state from a business supply store. Make sure you read it and understand each provision, and get a hug...

straws46

Will adding two beneficiaries increase the coverage to 500K? No. The FDIC insurance is for the depositor. Regards, Adding pay on death beneficiaries will change both the nature of the account (from individual to revocable trust) and the amount of insurance (up to $250,000 per pod beneficiary up to ...

straws46

Be careful with the areas where the homes are being torn down to build new. When an empty lot is worth more than the lot with the old style house on it, there is no incentive to ever maintain the old place. Putting on a new roof or painting the old place is just throwing money away. When there is no...

straws46

Listen to Cowdogman. A UCC-1 is used to perfect a consensual security interest in personal property. Even if it's not a crime to file an unauthorized UCC-1 in Georgia, it is certainly slander of title. Just keep being persistent.

straws46

The same law that authorized the payment also authorized an above the line charitable adjustment, so I can honestly say I received the benefit and it went straight to the Salvation Army whether I received a payment or not.

straws46

One additional thing to consider. If you max out coverage in your trust account, you probably want to go to another institution for any additional accounts. Any P.O.D. account would be lumped in with the trust account, and if you opened additional insured sole owner or joint accounts that would defe...

straws46

I assume you and your wife are co-trustees and you are each a beneficiary during your lives and upon the death of the last survivor the trust is distributed to the remainder beneficiaries. If there are four remainder beneficiaries, not counting you and your wife, then there are a total of six benefi...

straws46

It seems in your case a trust may be unnecessary. If you are the sole beneficiary under the trust and if your offspring take in the event you predecease your mother and those offspring are now adults (granted a lot of assumptions) your mother's intentions probably would be met by naming you as Pay O...

straws46

We planned a train trip through New Zealand. The train from Auckland to Wellington was a little boring and crowded. The train from Picton to Christchurch was cancelled due to an earthquake and the train from Greymouth back to Christchurch was cancelled due to a fire. Great place to see by car if you...

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...

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