Search found 315 matches

by SuzBanyan
Sun May 24, 2020 6:52 pm
Forum: Personal Consumer Issues
Topic: Self Isolating Winter Getaway Ideas
Replies: 19
Views: 1656

Re: Self Isolating Winter Getaway Ideas

Thanks for the replies. Good to know about Hawaii. We'll probably just plan to drive someplace which pretty much limits our search to Florida if we want warm weather. We've had to cancel a couple trips already due to c19 and being home so much is making daydream about a winter trip someplace. Warm ...
by SuzBanyan
Thu May 07, 2020 7:08 pm
Forum: Personal Investments
Topic: Notary Signature Amidst COVID 19
Replies: 22
Views: 1342

Re: Notary Signature Amidst COVID 19

The availability of remote online notarization is based on state law. California, for example, does NOT allow such practice. The notary must actually see the document signed.
by SuzBanyan
Sat May 02, 2020 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: How does SE get PPP loan forgiven?
Replies: 37
Views: 2916

Re: How does SE get PPP loan forgiven?

For 2 The rules for forgiveness are evolving but it sounds like for a 1099 contractor it will only be based on 2019 so you are probably out of luck. Again I am not an expert but that is my interpretation of the info provided. If you are mostly out of work it might be better to claim unemployment ri...
by SuzBanyan
Sat May 02, 2020 9:40 am
Forum: Personal Finance (Not Investing)
Topic: How does SE get PPP loan forgiven?
Replies: 37
Views: 2916

Re: How does SE get PPP loan forgiven?

I woke up to a surprise funding from Chase (applied on 4/14) of my PPP loan into my business checking account. I applied using a 12 month financial statement from April 2019 to May 2020. After I applied, but before funding, the rule referenced above was issued. In that rule, it says: “i. Step 1: Fin...
by SuzBanyan
Wed Apr 15, 2020 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 615
Views: 31920

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

SBA released new regs on schedule C/K1 income. https://home.treasury.gov/system/files/136/Interim-Final-Rule-Additional-Eligibility-Criteria-and-Requirements-for-Certain-Pledges-of-Loans.pdf They are limiting forgiveness to 8 weeks of 2019 net income, despite the fact that the law says the 1-year p...
by SuzBanyan
Fri Mar 27, 2020 1:20 pm
Forum: Investing - Theory, News & General
Topic: How do you incorporate I bonds into your retirement plans?
Replies: 25
Views: 1598

Re: How do you incorporate I bonds into your retirement plans?

We are using them to supplement income from early 60’s semi-retirement to age 70 SS. We buy $40k per year with me, my husband our revocable trust and an irrevocable trust each buying $10k. Now have 5 years in place from purchases beginning 2016 and can cash out as needed with no penalty beginning ne...
by SuzBanyan
Thu Mar 19, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Treasury extends [tax payment date 90 days, filing deadline still April 15]
Replies: 80
Views: 2914

Re: Official IRS statement on tax payment due date

Cali has granted filing and payment deferment to June 15. No paperwork required. Are all states matching the IRS?? Clearly not, because June 15 is 30 days earlier than July 15. California didn't match it. PJW Not quite. California Franchise Tax Board's statement was issued on 3/13/20. See https://w...
by SuzBanyan
Wed Mar 04, 2020 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 581
Views: 150180

Re: Bank of America/Merrill Edge - Preferred Rewards

Do you see your Merrill accounts on the BoA homepage (mobile app or desktop version)? It’d be down at the bottom. I see Bank of America accounts in my ML login and I see ML accounts in my BofA login. You should try calling the Preferred Rewards specialist. Per the website, the number is : Call 888....
by SuzBanyan
Sat Feb 22, 2020 2:21 pm
Forum: Personal Investments
Topic: Question on withdrawing 401k while working
Replies: 8
Views: 454

Re: Question on withdrawing 401k while working

Man that’s exactly how I feel. Exactly!!! However the situation is my wife is already missing a LOT of time to take care of her mom who has Advanced Alzheimers. She refuses to put her in nursing home and it’s taking a toll on her mentally and physically So I’m hoping with a year or two off from wor...
by SuzBanyan
Tue Feb 18, 2020 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Transfer assets OUT of Trust in-kind to regular brokerage account?
Replies: 4
Views: 376

Re: Transfer assets OUT of Trust in-kind to regular brokerage account?

The real question is whether the trust instrument allows the trustee to make the planned distribution of assets. Irrevocable trusts are obviously irrevocable, but such a distribution may still be allowed under its terms.
by SuzBanyan
Mon Feb 17, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: My parents wants the house in my name - Advice?
Replies: 26
Views: 2915

Re: My parents wants the house in my name - Advice?

This all sounds like old country scheming that I've seen in some of my in-law's family. Names are scattered in a bad effort to pass property from one generation to the next, avoiding the tax man. What seems always to be forgotten is that if a property simply is passed in a will, the receiver gets a...
by SuzBanyan
Mon Feb 10, 2020 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Quitclaim deed: how to handle changed last name and marital status
Replies: 12
Views: 1072

Re: Quitclaim deed: how to handle changed last name and marital status

You might find the following from the National Notary Association to be of interest: https://www.nationalnotary.org/notary-bulletin/blog/2013/01/hotline-tip-which-name-signature-block I would agree that the spouse who changed their name should sign with the old name. They may need to have an uninter...
by SuzBanyan
Tue Feb 04, 2020 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: CalSavers for Self-Employed (New State program since 2019)
Replies: 4
Views: 318

Re: CalSavers for Self-Employed (New State program since 2019)

No personal experience, but I wouldn’t compare it to a Solo 401k. It provides for auto deductions from a bank account to a Roth IRA for a management fee of slightly less than 1% (including the fund fees). It is invested in State Street funds. It’s not available to those whose income is too high to c...
by SuzBanyan
Sun Feb 02, 2020 9:43 pm
Forum: Personal Investments
Topic: Avoiding 401(k) distribution to IRA
Replies: 35
Views: 1707

Re: Avoiding 401(k) distribution to IRA

OP: It just may be that for the few years your spouse is staying home, you will not be able to contribute to a backdoor Roth for her. When she is ready to start working for compensation in the future, you can re-evaluate her options. If the point of her staying home is that she need not worry about ...
by SuzBanyan
Sat Feb 01, 2020 10:17 am
Forum: Personal Consumer Issues
Topic: Examples of Low Tech Improving Your Life
Replies: 207
Views: 17486

Re: Examples of Low Tech Improving Your Life

I do like me a good pad and pen for taking notes. I prefer a small spiral bound pad because otherwise I tend to misplace the notes. I have about 30 years worth of notebooks on my shelf. On the other hand, I can remember not springing for the optional remote control for my new first TV set because it...
by SuzBanyan
Sat Feb 01, 2020 9:09 am
Forum: Personal Finance (Not Investing)
Topic: New RMD rules for 2020
Replies: 8
Views: 1249

Re: New RMD rules for 2020

Please note (this is for those who don’t follow the link and have not read other material this subject): If an individual turned 70.5 in 2019 (or earlier) the old schedule of 70.5 remains. The new age of 72 is only for those who turn 70.5 after January 1, 2020. My husband will turn 70.5 this year a...
by SuzBanyan
Fri Jan 31, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 336
Views: 29033

Re: JPM Chase Reserve Card gets more expensive

But that's only if you're assigning the value based on the Chase portal. I can tell you personally I've never used it. If I'm not using points, I'm going through the AMEX Platinum card which gives me 5x points on flights. If you ARE using the Chase portal exclusively, I can see how that makes sense...
by SuzBanyan
Fri Jan 31, 2020 11:15 am
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 336
Views: 29033

Re: JPM Chase Reserve Card gets more expensive

This has been a most interesting thread, and I appreciate all of the well informed comments that have been posted, since we are new to the JPM Reserve card. From our perspective, it seems to me that the annual fee is paid for several times over just by using the trip cancellation benefits, since we...
by SuzBanyan
Thu Jan 30, 2020 11:48 am
Forum: Personal Consumer Issues
Topic: Bench seats vs captains chairs in SUV second row?
Replies: 32
Views: 3026

Re: Bench seats vs captains chairs in SUV second row?

We went with 2 row bench because it was a better option for our dog on long trips when the cargo area is full of stuff. Yes, she is our spoiled princess. And she loves that we can crank up the separate air conditioning for the 2nd row. See above, re: “spoiled princess.”
by SuzBanyan
Thu Jan 30, 2020 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Recent passed parent had Vanguard TOD and will. What now?
Replies: 69
Views: 7466

Re: Recent passed parent had Vanguard TOD and will. What now?

Deleted post as the prior post was corrected.

Thanks to all the very knowledgeable people who post at Bogleheads.
by SuzBanyan
Thu Jan 30, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897035

Re: What's Your Credit Card Rewards Strategy?

I’m switching up my credit card rewards strategy to favor cash back instead of points, primarily because I have a large stash of points in 4 programs: 500k in AA (and lifetime gold status), 500K in Chase UR, 300K in Marriott Bonvoy and 160k In Amex. We are working on Platinum status at BofA with a m...
by SuzBanyan
Thu Jan 30, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to contest beneficiary of a life insurance and brokerage account of a deceased?
Replies: 51
Views: 4689

Re: Is it possible to contest beneficiary of a life insurance and brokerage account of a deceased?

Looks like you can't disinherit your spouse in Massachusetts. The spouse's Right of Election applies to property that passes through Probate. Life Insurance proceeds and IRAs do not pass through probate. Good point! Which is why the widow’s best hope is probably a claim for personal injury against ...
by SuzBanyan
Wed Jan 29, 2020 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Selling house without realtor - cash offer
Replies: 30
Views: 3403

Re: Selling house without realtor - cash offer

As has already been posted, real property sales — both law and custom— are very state specific. If someone is not posting based on familiarity with NV law, it really doesn’t help you. With that said, I have only a little experience with Nevada property purchases and sales, as my parents bought and s...
by SuzBanyan
Sun Jan 26, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to contest beneficiary of a life insurance and brokerage account of a deceased?
Replies: 51
Views: 4689

Re: Is it possible to contest beneficiary of a life insurance and brokerage account of a deceased?

There are different definitions of “estate”. An asset may be excluded from an estate for probate purposes, but be included for other purposes, such as determining the amount of estate tax due. I believe under Massachusetts law that a personal representative charged with filing an estate tax return m...
by SuzBanyan
Sun Jan 26, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Roth solo 401(k) contribution deadline
Replies: 2
Views: 173

Re: Roth solo 401(k) contribution deadline

It will depend on whether the solo 401k is for an S Corp (which gives the owner a paycheck) or a sole proprietor (which typically doesn’t give the owner a paycheck). I believe the deadline for the employee deferral for an S Corp is the last paycheck for the business year, usually 12/31.
by SuzBanyan
Sat Jan 25, 2020 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to contest beneficiary of a life insurance and brokerage account of a deceased?
Replies: 51
Views: 4689

Re: Is it possible to contest beneficiary of a life insurance and brokerage account of a deceased?

Your friend may have a claim against her dead husband’s estate for the personal injuries he caused. She really needs to see a lawyer.

Edited to Add: I see that Random Walker77 already posted good advice along these lines.
by SuzBanyan
Tue Jan 21, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Third Federal HELOC and Property in a trust
Replies: 6
Views: 319

Re: Third Federal HELOC and Property in a trust

There was a time when many lenders would not loan if the home was in a revocable grantor trust at the time of closing. The lenders instructed the borrower to transfer title by deed to the grantors, close the loan, then transfer title back to the trust. Under CA law, the real property continues as co...
by SuzBanyan
Sat Jan 18, 2020 11:23 am
Forum: Personal Finance (Not Investing)
Topic: RMD: I know I need a Tax Advisor but.....
Replies: 64
Views: 6114

Re: RMD: I know I need a Tax Advisor but.....

Multiple people have posted what a bad idea taking the entire lump sum out of the inherited IRA. If you aren’t willing to pay 5k for a financial planner, and seem to not believe everyone on this thread who says withdrawing the money as a lump sum is a horrible idea, Why not get a consultation with ...
by SuzBanyan
Fri Jan 17, 2020 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Is there a web site to show you where ACA is covered in California?
Replies: 15
Views: 914

Re: Is there a web site to show you where ACA is covered in California?

When I was recently choosing between CoveredCA and COBRA, one thing of note was the vastly different networks of providers between seemingly similar policies offered by the same company. For example, the Covered CA Blue Shield PPO plan did not include the main cardiology practice in my area or most ...
by SuzBanyan
Wed Jan 15, 2020 7:26 pm
Forum: Personal Investments
Topic: advice on retirement portfolio for a $20m windfall
Replies: 50
Views: 8060

Re: advice on retirement portfolio for a $20m windfall

OP: In your initial post, you wrote “- for the $9m in the NING, after it buys an investment property probably (which will double as a part time vacation home for beneficiaries ....” What is the thought on buying investment real property through the NING? Won’t the state income taxes of such an inves...
by SuzBanyan
Sun Jan 12, 2020 9:40 am
Forum: Investing - Theory, News & General
Topic: Value of Active and Ongoing Reading of the Bogleheads Forums
Replies: 104
Views: 9213

Re: Value of Active and Ongoing Reading of the Bogleheads Forums

In 2012 I saw the PenFed 1.99% 5 yr HEL discussed here and used it to refinance. The mortgage is history. That alone was a big money saver. That definitely was a great deal and, like you, now our mortgage is paid off. But I found the real benefit to regular reading when life took me by surprise las...
by SuzBanyan
Wed Jan 08, 2020 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: IRS 2020 W4 withholding: new calculation method, new form
Replies: 82
Views: 6730

Re: IRS 2020 W4 withholding: new calculation method, new form

And with 4 allowances last year, at $4300 each (according to line 1k of the new W4 form), I'd have 4300x4=$17200, divided by 24 pay periods per year = $716.67 per pay period, and let's say the per-payperiod average of my total additional dollar witholding amounts for 2019 was $1000. So, for my 2020...
by SuzBanyan
Tue Jan 07, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Social security question for new widow
Replies: 9
Views: 1199

Re: Social security question for new widow

Not an area with which I am familiar, but I wondered if the rule allowing a SS recipient to withdraw his or her application within 12 months also applied if the recipient dies during that time. It looks like there may be a very small window if the recipient had only received a single benefit check b...
by SuzBanyan
Sun Jan 05, 2020 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 1040 has been revised?
Replies: 23
Views: 2261

Re: IRS Form 1040 has been revised?

It looks like, in addition to a bigger font (the form now covers a whole page), the -SR form provide info on the amount of standard deduction for those over 65 or blind. The 1040 just refers the senior and blind taxpayers to the instructions for the amount of the standard deduction.
by SuzBanyan
Sat Jan 04, 2020 4:24 pm
Forum: Personal Consumer Issues
Topic: Travel Insurance question-Updated w/ specific policy language.
Replies: 2
Views: 249

Re: Travel Insurance question-Updated w/ specific policy language.

If you miss a secondary flight, not part of the same ticketed flight, due to a flight delay, does travel insurance cover the cost of a new ticket? Based on this policy, it would seem that as long as your 2nd flight was greater than 3 hours later than the arrival of the first flight, it would pay fo...
by SuzBanyan
Sat Jan 04, 2020 3:56 pm
Forum: Personal Investments
Topic: Backdoor Roth IRA or Simple IRA
Replies: 2
Views: 136

Re: Backdoor Roth IRA or Simple IRA

For 2020, the SIMPLE contribution max is 13,500 plus a 3k catch-up if you are over 50.
by SuzBanyan
Thu Jan 02, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: The Death of The Stretch IRA
Replies: 153
Views: 10956

Re: The Death of The Stretch IRA

My husband has one from 1999.* I was made aware that they were unusual at the time. I brought in a book of the IRS regulations to Great Western Savings&Loan to show the account manager that IRAs could be inherited and need not be paid to the beneficiary in a lump sum. * Twenty years later, the balan...
by SuzBanyan
Mon Dec 30, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: DVC - Buy Direct Disney versus Renting Points
Replies: 15
Views: 1070

Re: DVC - Buy Direct Disney versus Renting Points

If you are only interested in staying at Aulani, look into buying a resale contract with subsidized annual dues, which are about $2 per point less than non-subsidized dues, such as those currently sold by Disney direct. For 150 points, you can expect to pay about $120/point or less for a resale subs...
by SuzBanyan
Sun Dec 22, 2019 7:46 pm
Forum: Investing - Theory, News & General
Topic: Tax Law Changes for 2020
Replies: 355
Views: 27975

Re: Tax Law Changes for 2020

Here we are, quite a few of us having to redo our tax planning and estate planning strategies and spreadsheets... Fun! :wink: Yup. If your plan was to leave your IRA to your children, then they will have to withdraw from the IRA within 10 years, rather than however many years there would have been ...
by SuzBanyan
Wed Dec 18, 2019 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Capital gains on sale of inherited property
Replies: 24
Views: 1432

Re: Capital gains on sale of inherited property

Your basis would be FMV at date of death plus capital improvements less depreciation allowable during the rental period. I don't see any other transactions that affected your basis. Gill Gill, I'm not sure we have all the facts. IF indeed all 3 inherited at 'date of death' , why would OP get the fu...
by SuzBanyan
Sat Dec 07, 2019 2:04 pm
Forum: Personal Investments
Topic: Non spouse inherited IRA
Replies: 22
Views: 1105

Re: Non spouse inherited IRA

The information about income at age 63 and how it impacts Medicare premiums is something I did not consider I am 61 now and turn 62 in January so taking them this year and next avoids that I wonder if the ultimate tax savings or costs warrants making this overly complicated Even if taking about 70k...
by SuzBanyan
Fri Dec 06, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Managing money near death of a spouse
Replies: 60
Views: 3918

Re: Managing money near death of a spouse

The statements for all 3 of these cards, however, list my name. Should I be concerned that these cards would be terminated should I pass away? How do the statements list your name? John and Jane Doe? John Doe Jane Doe? Some other way? Jane Doe is how the statements are addressed. This is consistent...
by SuzBanyan
Thu Dec 05, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: How to Give A House To My Wife
Replies: 14
Views: 1903

Re: How to Give A House To My Wife

And if your wife dies before you, would you want any right to continue to live in the house? If so, a quitclaim of your entire interest in the house to her might not be the right solution.
by SuzBanyan
Wed Dec 04, 2019 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Managing money near death of a spouse
Replies: 60
Views: 3918

Re: Managing money near death of a spouse

My husband’s credit report had 3 credit cards, including one which was opened 35 years ago before we were married and almost certainly in his name. The other 2 cards are less than 10 years old. The statements for all 3 of these cards, however, list my name. Should I be concerned that these cards wo...
by SuzBanyan
Wed Dec 04, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Managing money near death of a spouse
Replies: 60
Views: 3918

Re: Managing money near death of a spouse

My husband’s credit report had 3 credit cards, including one which was opened 35 years ago before we were married and almost certainly in his name. The other 2 cards are less than 10 years old. The statements for all 3 of these cards, however, list my name. Should I be concerned that these cards wou...
by SuzBanyan
Sat Nov 30, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance w/health conditions
Replies: 12
Views: 988

Re: Life insurance w/health conditions

But regardless, thanks to the miraculous advancements in medical treatment since I was born, I don’t plan on leaving this earth any time soon... but underwriters probably would disagree...... I feel bad that I seemingly could not get more life insurance. How do you know that you can’t get life insu...
by SuzBanyan
Sun Nov 10, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: Kindle/Paperwhite -E Reader
Replies: 20
Views: 1722

Re: Kindle/Paperwhite -E Reader

I saw that the Paperwhite model is expected to have a Black Friday sale, I think $90 instead of $130. My wife has one and likes it a lot. I'm envious because the screen is so soothingly paper-and-printlike. I understand your concern, but I'd worry just a bit about a used device. I think Amazon does...
by SuzBanyan
Wed Nov 06, 2019 10:45 am
Forum: Personal Consumer Issues
Topic: Spectrum Internet has a good scam going
Replies: 61
Views: 9077

Re: Spectrum Internet has a good scam going

Apparently, AT&T made a similar change in January. But both are subject to state law: From Arstechnica on 5/17/19: “We've confirmed that the no-prorating policy will apply at least in Texas and Ohio, and we assume it will be enforced in most of Charter's 41-state territory. But state-specific rules ...
by SuzBanyan
Mon Nov 04, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Any Citi Prestige rewards card holders?
Replies: 8
Views: 894

Re: Any Citi Prestige rewards card holders?

From the linked article: “If you have the Citi Prestige® Card, the cashback rate bumps up to $0.01 per point, but it's still not a great option for that card.” I saw that as well. I'd like to know if any current card holders can confirm this? I can confirm it is currently an option, but I haven’t u...
by SuzBanyan
Mon Nov 04, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Any Citi Prestige rewards card holders?
Replies: 8
Views: 894

Re: Any Citi Prestige rewards card holders?

Quick answer is 1/2 cent for actual cashback and 1 cent for gift cards. https://www.fool.com/the-ascent/credit-cards/articles/what-are-citi-thankyou-points-worth/ Prestige isn't great for cashback but worthwhile for travel points. Personally, I use the Amex Gold for restaurant and grocery bonus poi...