Search found 258 matches

by c1over8
Tue Oct 08, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes - Goodwill donations, older children's clothing
Replies: 28
Views: 2678

Re: Taxes - Goodwill donations, older children's clothing

This wasn't your question, but an interesting case to consider regarding substantiation if you are taking a deduction for donations to Goodwill:
https://www.thetaxadviser.com/issues/20 ... enied.html
by c1over8
Mon Sep 30, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Are banks required to freeze accounts when notified of account holder's death
Replies: 33
Views: 3749

Re: Are banks required to freeze accounts when notified of account holder's death

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 ev...
by c1over8
Mon Sep 30, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Are banks required to freeze accounts when notified of account holder's death
Replies: 33
Views: 3749

Re: Are banks required to freeze accounts when notified of account holder's death

BarbBrooklyn wrote:
Sun Sep 29, 2019 7:46 am
c1over8 wrote:
Sat Sep 28, 2019 8:55 pm
BarbBrooklyn wrote:
Sat Sep 28, 2019 8:50 pm
It's an FDIC reg, I believe.
If anyone has a citation, I would appreciate it.
I'm sorry, but I'm not finding it. It may differ according to state, i.e., not FDIC but state banking commission.
Thank you for checking, I appreciate it.
by c1over8
Sat Sep 28, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Are banks required to freeze accounts when notified of account holder's death
Replies: 33
Views: 3749

Re: Are banks required to freeze accounts when notified of account holder's death

BarbBrooklyn wrote:
Sat Sep 28, 2019 8:50 pm
It's an FDIC reg, I believe.
If anyone has a citation, I would appreciate it.
by c1over8
Sat Sep 28, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Are banks required to freeze accounts when notified of account holder's death
Replies: 33
Views: 3749

Re: Are banks required to freeze accounts when notified of account holder's death

Yes, of course they freeze it when the account owner dies because there is no one to authorized to use the account. Once proper documentation is presented the account becomes available to the proper party such as the executor or a beneficiary. Some states also require freezing of accounts to assure...
by c1over8
Sat Sep 28, 2019 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Are banks required to freeze accounts when notified of account holder's death
Replies: 33
Views: 3749

Are banks required to freeze accounts when notified of account holder's death

I know a lot of financial institutions freeze accounts when they are notified of the account holder's death. Does anyone know if banks are required to freeze a checking or savings account when there is no joint owner? Does it matter if there is a POD beneficiary or no beneficiary designated? If you ...
by c1over8
Sat May 25, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: Best bassinet
Replies: 25
Views: 1465

Re: Best bassinet

We received something similar to this as a hand me down: https://www.amazon.com/Delta-Children-Beginnings-Bassinet-Falling/dp/B00GJIXMQG/ref=asc_df_B00GJIXMQG/?tag=hyprod-20&linkCode=df0&hvadid=198069265166&hvpos=1o4&hvnetw=g&hvrand=10056296347655404373&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvloc...
by c1over8
Wed May 01, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: Babymoon?
Replies: 36
Views: 3230

Re: Babymoon?

MI_bogle wrote:
Wed May 01, 2019 11:00 am
Traveling while trying to get pregnant sounds like a great time to me but I guess opinions vary
+1
If there is a complication or your wife is unfortunate enough to have ongoing morning sickness or even just other unpleasant side effects like severe heartburn, she may not even want to travel.
by c1over8
Fri Mar 29, 2019 9:45 am
Forum: Personal Consumer Issues
Topic: Best car seat for air travel
Replies: 30
Views: 1698

Best car seat for air travel

Looking for suggestions on the best car seat for air travel with an infant or toddler and whether you use that same car seat as your daily car seat in your vehicle. I thought I had seen a thread on this in the last year or two, but I can't seem to find it now. My newborn induced sleep deprived stupo...
by c1over8
Sun Mar 24, 2019 7:58 am
Forum: Personal Consumer Issues
Topic: WiFi Extender
Replies: 40
Views: 2654

Re: WiFi Extender

Interesting thread. Thanks for the tips everyone.
by c1over8
Sun Mar 17, 2019 1:58 am
Forum: Personal Consumer Issues
Topic: Buying online vs. in store pickup vs in store
Replies: 6
Views: 881

Re: Buying online vs. in store pickup vs in store

Next time at Target, show the cashier the website/app price and they will adjust the in store price to match.
by c1over8
Sat Jan 26, 2019 9:03 am
Forum: Personal Consumer Issues
Topic: Kitchen remodel - cost of ultracraft cabinets
Replies: 15
Views: 2458

Re: Kitchen remodel - cost of ultracraft cabinets

We did a complete kitchen remodel in 2012 and installed custom cabinets from Eudy Mfg in Stanfield, NC (near Charlote). We paid $10k for 23 linear feet of cabinets including installation. These were high quality cherry cabinets with lots of extras, including pull out drawers for all lower cabinets,...
by c1over8
Sat Jan 26, 2019 8:57 am
Forum: Personal Consumer Issues
Topic: Kitchen remodel - cost of ultracraft cabinets
Replies: 15
Views: 2458

Re: Kitchen remodel - cost of ultracraft cabinets

Has anyone recently had ultracraft cabinets installed? Would you mind telling me how much the cabinets cost and either your kitchen dimensions, linear cabinet feet, or other useful information for comparing the cost. Are you doing a slab front modern style finish? That's one of Ultracraft's special...
by c1over8
Sat Jan 26, 2019 8:52 am
Forum: Personal Consumer Issues
Topic: Kitchen remodel - cost of ultracraft cabinets
Replies: 15
Views: 2458

Re: Kitchen remodel - cost of ultracraft cabinets

Ultracraft is particle board like Ikea? 3x to 4x the cost, I'd expect solid wood. I'd also expect particle board to sag worse over time than solid wood, or ply wood. No Ultracraft cabinet is particle board, but some are MDF. The modern Euro look UC cabinets use MDF due to the improved dimensional s...
by c1over8
Sat Jan 26, 2019 8:50 am
Forum: Personal Consumer Issues
Topic: Kitchen remodel - cost of ultracraft cabinets
Replies: 15
Views: 2458

Re: Kitchen remodel - cost of ultracraft cabinets

Has anyone recently had ultracraft cabinets installed? Would you mind telling me how much the cabinets cost and either your kitchen dimensions, linear cabinet feet, or other useful information for comparing the cost. We used Ultracraft cabinets for a small bathroom remodel 8/2014. They are consider...
by c1over8
Fri Jan 25, 2019 2:35 pm
Forum: Personal Consumer Issues
Topic: Kitchen remodel - cost of ultracraft cabinets
Replies: 15
Views: 2458

Kitchen remodel - cost of ultracraft cabinets

Has anyone recently had ultracraft cabinets installed? Would you mind telling me how much the cabinets cost and either your kitchen dimensions, linear cabinet feet, or other useful information for comparing the cost.
by c1over8
Fri Jan 25, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: light fixtures with integrated LED
Replies: 19
Views: 1137

Re: light fixtures with integrated LED

Thanks, everyone. I think I've confirmed my fears that the fixture is too expensive to roll the dice on the integrated LED. We will find something else.
by c1over8
Fri Jan 25, 2019 12:07 pm
Forum: Personal Consumer Issues
Topic: light fixtures with integrated LED
Replies: 19
Views: 1137

light fixtures with integrated LED

We found a light fixture for our island that we really liked, but has integrated LED. We had never heard of this before and the sales person said this means that you can't change the light bulb, so once the LED breaks or reaches the end of its life, you have to replace the entire fixture. We did res...
by c1over8
Wed Jan 16, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide how to be paid (bonus structure)
Replies: 9
Views: 939

Re: Help me decide how to be paid (bonus structure)

If you are planning on buying a house or obtaining any loan, higher base pay may help.
by c1over8
Wed Jan 16, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: What kind of health insurance for a newborn?
Replies: 9
Views: 852

Re: What kind of health insurance for a newborn?

Am I correct in my understanding that I can enroll a newborn within the first 60 days of birth and it would be retroactive? Newborns see the doctor a lot (at birth, a week or so after birth, and at least 6 more times during the first year, assuming the kid is healthy). So factor in co-pays/co-insur...
by c1over8
Tue Jan 15, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to help my wife buy a new car (gift tax implications?)
Replies: 15
Views: 2083

Re: Best way to help my wife buy a new car (gift tax implications?)

Beyond the question of gift tax (which is zero), how much will she make and how much will the car be? I'd think getting a $22k Corolla for a $60k job should be absolutely fine. A $90k Range Rover for a $22k job, not so much. I see no reason why you can't title the car in your name. Especially if yo...
by c1over8
Tue Jan 15, 2019 3:30 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 93
Views: 4566

Re: Any good reason to get a smartwatch?

I like that I can keep my phone on silent or vibrate and not on my person, but nearby and my wrist band will quietly vibrate to alert me to a call or text. You can get the ones that display who is calling or the text message so you can still see who is trying to contact you in meetings when you can'...
by c1over8
Tue Jan 15, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to help my wife buy a new car (gift tax implications?)
Replies: 15
Views: 2083

Re: Best way to help my wife buy a new car (gift tax implications?)

Beyond the question of gift tax (which is zero), how much will she make and how much will the car be? I'd think getting a $22k Corolla for a $60k job should be absolutely fine. A $90k Range Rover for a $22k job, not so much. I see no reason why you can't title the car in your name. Especially if yo...
by c1over8
Tue Jan 15, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 89
Views: 8002

Re: Child # 3 - seeking advice from older members

You're getting a lot of comments about the concerns of being an older parent. As a child of an older parent (father was late 50s when I was born), I'll comment from the opposite side. My father retired when I was very young and I have no memory of him working. My mom was a SAHM until I was ~9 and th...
by c1over8
Mon Jan 14, 2019 9:07 am
Forum: Personal Consumer Issues
Topic: Tips for online photography course?
Replies: 27
Views: 1215

Re: Tips for online photography course?

I had the same question. Great tips, thanks everyone.
by c1over8
Fri Jan 04, 2019 3:56 pm
Forum: Personal Investments
Topic: Question regarding Wealth Manager
Replies: 21
Views: 1744

Re: Question regarding Wealth Manager

orenishi wrote:
Thu Jan 03, 2019 8:38 pm
3 – My wife and I are happily married but is there any benefit to keeping investment accounts separate?
If you might one day not still be happily married, there can be a benefit to keeping separate accounts, especially true if the money is an inheritance or gift.
by c1over8
Fri Jan 04, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Does a PMI in lieu of 20% down ever make sense?
Replies: 48
Views: 3262

Re: Does a PMI in lieu of 20% down ever make sense?

I paid PMI. It made sense for me because I was renting out two rooms so the amount I was paying towards housing was about what I would have been paying in rent, I bought at/near the bottom of the market so my house has appreciated significantly (hindsight is 20/20), and I knew my income was going to...
by c1over8
Fri Jan 04, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: What to ask boss for before going on salary (or should I?)
Replies: 5
Views: 826

Re: What to ask boss for before going on salary (or should I?)

Perhaps they could put you on salary, but then still calculate your percent of billings (they same way they do now) and pay any overage as a bonus. If this resulted in a negative bonus, you would not be paid a bonus again until you had made up the negative. Example % of billings - salary paid = + ov...
by c1over8
Thu Jan 03, 2019 3:19 pm
Forum: Personal Consumer Issues
Topic: Adding spouse to deed
Replies: 15
Views: 878

Re: Adding spouse to deed

Some states require a deed to prepared by attorney. My state permits the property owner or an attorney to prepare a deed. Check your state law and determine whether you are allowed and whether you think you are competent to draft and record an appropriate deed. Your wife does not have to be added to...
by c1over8
Fri Dec 28, 2018 2:59 pm
Forum: Personal Investments
Topic: Help Me Help An Old Lady
Replies: 16
Views: 1805

Re: Help Me Help An Old Lady

OP's only other post is when he apparently wanted to become mom's landlord 3 years ago
viewtopic.php?f=2&t=159939&p=2400017#p2400017
by c1over8
Fri Dec 28, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: Sell a car to carmax if/when car has a "problem"?
Replies: 25
Views: 37588

Re: Sell a car to carmax if/when car has a "problem"?

I believe CarMax's schtick is that they will buy anything, but they don't negotiate. In my state there is no requirement to disclose anything when a private party is selling a car.
by c1over8
Thu Dec 20, 2018 3:25 pm
Forum: Personal Consumer Issues
Topic: Is Liquid Plumber / Draino bad for the pipes?
Replies: 51
Views: 6317

Re: Is Liquid Plumber / Draino bad for the pipes?

My plumber told me not to use draino. Can't remember what he told me to do instead but it involved household products - if I find where I wrote it down, I'll update. But I also live in a 100 year old house so that may have factored in.
by c1over8
Thu Dec 20, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Considering living with Mother in law (MIL)
Replies: 34
Views: 3860

Re: Considering living with Mother in law (MIL)

Will your wife receive enough if an inheritance to compensate? You need copies of an up-to-date will, not promises or expectations. The financial part is less cloudy right now. She has $1.8M in savings and $65k annual income from a COLA pension and SS. Wills, trust, POA's are all in place naming my...
by c1over8
Thu Dec 20, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Small Claims - Auto Dealer Claims No $$ To Pay Judgement
Replies: 40
Views: 3222

Re: Small Claims - Auto Dealer Claims No $$ To Pay Judgement

Instead of guessing or assuming the debtor has no assets, you should follow your state's procedures for determining the debtor's assets and then for levying on those assets. In my state, a debtors interrogatory is served to determine the debtor's assets. I'm not familiar with Massachusetts law so Go...
by c1over8
Mon Dec 17, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: How much do you pay for internet only?
Replies: 79
Views: 5843

Re: How much do you pay for internet only?

$60 and its either 25/25 or 50/50
by c1over8
Mon Dec 17, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and separate accounts - how does it work?
Replies: 98
Views: 5762

Re: Marriage and separate accounts - how does it work?

Most of the replies you will get on here will probably say that everything should be joint and if not you shouldn't be married. We have one joint account that is really just a formality and otherwise everything is separate. We split mortgage and utilities 50/50 by one spouse transferring 1/2 of our ...
by c1over8
Mon Dec 17, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Law school without practicing law
Replies: 79
Views: 6357

Re: Law school without practicing law

I haven't read all the replies, but I would say going to law school will give you a basic knowledge of a lot of areas of law and make you an expert in none. Learning legal principles in law school doesn't necessarily teach you how to apply them. Internships and practicing law are essential to teach ...
by c1over8
Fri Dec 14, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: smart locks - schlage vs. august vs. something else
Replies: 13
Views: 1334

Re: smart locks - schlage vs. august vs. something else

Get a ring doorbell for continuous powered monitoring. I use a schlage key pad and lock. I would like separate systems for both. We have used the Schlage locks for years. Very reliable. But we have never connected them to the internet. The best defense against hacking is not to be connected in the ...
by c1over8
Fri Dec 14, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: smart locks - schlage vs. august vs. something else
Replies: 13
Views: 1334

Re: smart locks - schlage vs. august vs. something else

Thanks for the input everyone. I hadn't thought of just setting up extra codes to have on hand. Great idea.
by c1over8
Thu Dec 13, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Financing mortgage closing costs - to do or not to do?
Replies: 13
Views: 1111

Re: Financing mortgage closing costs - to do or not to do?

Last, I was thinking that if I choose to finance the closing costs, then I sell the home, buy another, and finance those closing costs, too - then it's almost as if you're never truly paying any closing costs, you're really just forever paying interest on the closing costs...? You are paying the cl...
by c1over8
Thu Dec 13, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is This Considered Mortgage Interest?
Replies: 5
Views: 643

Re: Is This Considered Mortgage Interest?

https://www.irs.gov/publications/p936: Secured Debt You can deduct your home mortgage interest only if your mortgage is a secured debt. A secured debt is one in which you sign an instrument (such as a mortgage, deed of trust, or land contract) that: Makes your ownership in a qualified home security ...
by c1over8
Thu Dec 13, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: smart locks - schlage vs. august vs. something else
Replies: 13
Views: 1334

smart locks - schlage vs. august vs. something else

Anyone have smart locks and can provide feedback on Schlage sense and August pro or suggest a better alternative? The features I desire are: 1. keypad with the ability to assign temporary codes remotely using an app. 2. app that tracks who is accessing the lock. 3. physical lock is able to be re-key...
by c1over8
Wed Dec 12, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Dentist payment question
Replies: 1
Views: 285

Re: Dentist payment question

He is a business man. Assuming he will actually live up to his bargain, he wouldn't have offered not to charge you if it wasn't something he was willing to agree to. Are you clear on whether he meant that he won't charge you anything at all, won't charge you for the night guard, or just won't charge...
by c1over8
Wed Dec 12, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Hiding Identity of Trust Owner: Registered Agent Services Needed?
Replies: 20
Views: 2012

Re: Hiding Identity of Trust Owner: Registered Agent Services Needed?

Having all my eggs under someone else's control is not palatable at this time in my life. You could always get a separate trust for the real estate and have all your non-real estate eggs in another trust of which you and/or your spouse are trustee(s). Or only title your real estate directly to your...
by c1over8
Wed Dec 12, 2018 9:33 am
Forum: Personal Consumer Issues
Topic: Hyatt Legal Plan for Will and Trust
Replies: 52
Views: 3662

Re: Hyatt Legal Plan for Will and Trust

The state bar provides a good primer on the probate process in Virginia if you are interested in learning more: https://www.vba.org/page/guide_estates There are a minimum of two filings that are required when probating an estate in Virginia, an inventory and either an accounting or a statement in l...
by c1over8
Tue Dec 11, 2018 4:52 pm
Forum: Personal Consumer Issues
Topic: Hyatt Legal Plan for Will and Trust
Replies: 52
Views: 3662

Re: Hyatt Legal Plan for Will and Trust

The state bar provides a good primer on the probate process in Virginia if you are interested in learning more: https://www.vba.org/page/guide_estates There are a minimum of two filings that are required when probating an estate in Virginia, an inventory and either an accounting or a statement in li...
by c1over8
Mon Dec 10, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: Contractor draws during remodeling project
Replies: 25
Views: 3070

Re: Contractor draws during remodeling project

also many GC will not warranty items paid directly to suppliers. They have not applied a markup (that pays for the warranty among other things) This raises a question for me about warranties. Are there some things better to purchase direct to get the manufacturer's warranty? For example, one kitche...
by c1over8
Mon Dec 10, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Questions about protecting Premarital Assets
Replies: 21
Views: 2159

Re: Questions about protecting Premarital Assets

My state has equitable distribution which means that while you would get to keep your separate assets, the judge could decide that its “equitable” to award all (or a majority) of the marital assets to your spouse in a divorce. A prenup would address that risk. Meaning that if a judge sees that one ...
by c1over8
Thu Dec 06, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about protecting Premarital Assets
Replies: 21
Views: 2159

Re: Questions about protecting Premarital Assets

My state has equitable distribution which means that while you would get to keep your separate assets, the judge could decide that its “equitable” to award all (or a majority) of the marital assets to your spouse in a divorce. A prenup would address that risk.
by c1over8
Thu Dec 06, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: A simple will (vs. trust) for a simple guy?
Replies: 11
Views: 1246

Re: A simple will (vs. trust) for a simple guy?

• One brother and one sister listed as sole heirs in my existing will, per stirpes 50/50 Do you mean that you are leaving your assets to your brother and sister 50/50 and if your brother or sister predecease you, the deceased sibling's share will go to such deceased sibling's descendants, per stirp...