Search found 91 matches

by Pretzel lover
Tue Jul 31, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 12891

Re: Joint Ownership of home with second wife

OP, appears that you are doing all the giving in to future wife’s wishes. Moving even though you’d be ok staying in current home, giving in to less than 50% contribution from wife for new home. She’s the one that wants a new place. But she doesn’t want it large enough for your kids unless you kick i...
by Pretzel lover
Tue Jul 31, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 12891

Re: Joint Ownership of home with second wife

I've never understood relationships that weren't "all-in". Shouldn't matter who makes more money unless someone is intentionally under-employed. A marriage should be a joint effort for the good of the couple (or in this case, the family). Doing "what-if" it doesn't work out is very telling. If the f...
by Pretzel lover
Mon Jul 30, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Consistently over budget on food - what are you guys eating?
Replies: 70
Views: 6275

Re: Consistently over budget on food - what are you guys eating?

Some cost cutting measures if you don’t use while shopping-

Buying store brand where appropriate instead of brand name?

Buying what’s on sale (and possibly stocking up)?

Clipping e-coupons as a member of grocery online site?
by Pretzel lover
Mon Jul 30, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Consistently over budget on food - what are you guys eating?
Replies: 70
Views: 6275

Re: Consistently over budget on food - what are you guys eating?

Do you ‘Brown bag’ lunch at work or buy there? That can add up too
by Pretzel lover
Mon Jul 30, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Consistently over budget on food - what are you guys eating?
Replies: 70
Views: 6275

Re: Consistently over budget on food - what are you guys eating?

Another couple question-

How much are you eating (i.e., portion sizes)? Eating 2000 calories or 3500 calories?

Are you 'eating to live or living to eat'? For example- foodies?

Are you guys more active than 'normal? Weigh 150 lbs or 250 lbs?
by Pretzel lover
Fri Jul 20, 2018 9:18 am
Forum: Personal Consumer Issues
Topic: [Prevent mail theft; sign for USPS Informed Delivery]
Replies: 220
Views: 22609

Re: [Prevent mail theft; sign for USPS Informed Delivery]

Suggest being at the mailbox to ask your mail carrier in person what is happening.

My mail carrier was making decisions about who should get mail and who he was returning undeliverable if he didn’t recognize name.

You can also visit your local post office and speak to the manager.
by Pretzel lover
Mon May 21, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 44855

Re: Lucrative careers?

To get back on the rails of what the OP is asking, if they are still reading... Back in 1980 I went to the library and used the mainframe computer to research careers. I entered my interests, skills, which courses I did well, etc. and it spit out several potential careers I could pursue. It told me ...
by Pretzel lover
Sat May 12, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 44855

Re: Lucrative careers?

Pharmacist

Not an easy program or job but starting salary over $100K from day one.

Edit- more like $120K
by Pretzel lover
Fri May 11, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: LifeLock with Credit Freeze?
Replies: 2
Views: 504

LifeLock with Credit Freeze?

Not to derail a related thread...asking separately:

Significant other has LifeLock due to a previous ID theft years ago. Now our credits are frozen at all agencies. Does LifeLock actually have any function now that Credit is frozen?

Thanks!
by Pretzel lover
Fri May 11, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Do I need to unfreeze my credit before applying for a new card?
Replies: 50
Views: 3850

Re: Do I need to unfreeze my credit before applying for a new card?

Related question...maybe deserves a new thread?

Significant other has LifeLock due to a previous ID theft years ago. Now our credits are frozen at all agencies. Does LifeLock actually have any function now that Credit is frozen?

Thanks!
by Pretzel lover
Thu Mar 29, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: W-9 TIN question
Replies: 6
Views: 647

Re: W-9 TIN question

Deleted
by Pretzel lover
Wed Mar 28, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: W-9 TIN question
Replies: 6
Views: 647

Re: W-9 TIN question

Ok, good point. I shouldn’t have added that subjective commentary.

I don’t know the answer. That’s why I’m coming back to hopefully get some input from people that know.
by Pretzel lover
Wed Mar 28, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: W-9 TIN question
Replies: 6
Views: 647

Re: W-9 TIN question

Appreciate the input @Katietsu

Any BH with experience in this subject?

It's a very actionable topic as filing time is quickly approaching.

Thank you
by Pretzel lover
Tue Mar 27, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: W-9 TIN question
Replies: 6
Views: 647

Re: W-9 TIN question

Any suggestions on SSN vs EIN?

Appreciate any input. Sibling is always trying to get out of paying tax that is due and sheltering income to protect government subsidies. I’m just not sure if using the EIN for personal income should be allowed.
by Pretzel lover
Tue Mar 27, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: W-9 TIN question
Replies: 6
Views: 647

W-9 TIN question

Sibling is a co-beneficiary of deceased parent's trust and wants to provide recently established single person corporate TIN instead of their personal SSN on W-9. Since trust names individual as beneficiary and the check for trust funds was sent to individual, and not this new "corporation", am I co...
by Pretzel lover
Wed Mar 21, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: conversation about finances/spending with significant other?
Replies: 33
Views: 3052

Re: conversation about finances/spending with significant other?

Lots of good pro and con advice and approaches already mentioned to give OP opportunity to get some answers to BF's financial psychological make up. Not trying to be a wet blanket... Only other item I'll add is that time is also a commodity that you are investing. Not all your answers will come righ...
by Pretzel lover
Thu Mar 01, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Selling Condo without putting on the market
Replies: 20
Views: 1311

Re: Selling Condo without putting on the market

Agree that this could be a way to get it listed on the MLS.

We stated up front- No MLS, no showings, no sign and no lock box.

These actions help to avoid a mystery buyer scenario.
by Pretzel lover
Thu Mar 01, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Selling Condo without putting on the market
Replies: 20
Views: 1311

Re: Selling Condo without putting on the market

It's worth at least pursuing to see if the timing flexibility, terms and price are acceptable. You will need to sign a contract with the realtor. I suggest limiting the term of the 'listing' to as short as possible (30-60 days) just to get this specific offer vetted. We were in a similar situation w...
by Pretzel lover
Tue Feb 27, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cell phone contract after primary owner passed
Replies: 6
Views: 594

Re: Cell phone contract after primary owner passed

I’m sure they would love a reason to drop a grandfathered plan and raise the price.

I’d rather know the answer before I call...
by Pretzel lover
Tue Feb 27, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Cell phone contract after primary owner passed
Replies: 6
Views: 594

Cell phone contract after primary owner passed

Five lines and primary line owner passed away.

Can the contract and lines be kept as-is as long as monthly payments are being made?

Thx
by Pretzel lover
Tue Feb 27, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting a cell phone bill
Replies: 35
Views: 2279

Re: Splitting a cell phone bill

Why would passing along the actual cost ruin the relationship?

We need more details from OP
by Pretzel lover
Mon Feb 26, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting a cell phone bill
Replies: 35
Views: 2279

Re: Splitting a cell phone bill

How do you predict this line sharer would react to this change in cost?

Would they volunteer to pay what it costs you or want it frozen to the original amount even if you have to pay part of their share?

What would you do in their shoes? That’s how I’d proceed.
by Pretzel lover
Mon Feb 26, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting a cell phone bill
Replies: 35
Views: 2279

Re: Splitting a cell phone bill

OP- I'd give the add on line person the choice. Either pay the new add on price or move your line. Is there any reason you should subsidize this person? Maybe if they were a family member...otherwise the price of phone service has gone up. If they decide to move they would end up paying even more, u...
by Pretzel lover
Wed Feb 21, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Would umbrella policy protect from actions of litigious condo neighbor?
Replies: 13
Views: 2141

Re: Would umbrella policy protect from actions of litigious condo neighbor?

I don’t agree with everything the condo board did before I bought here. Almost all of the owners have sold their units and this mess is what is left. The person suing is seeing this as their meal ticket even though they have not been damaged and no longer own the unit. It’s just harassment. I’m tryi...
by Pretzel lover
Tue Feb 20, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Would umbrella policy protect from actions of litigious condo neighbor?
Replies: 13
Views: 2141

Re: Would umbrella policy protect from actions of litigious condo neighbor?

My condo policy relating to this states: Loss Assessment. We will pay up to $50,000 for your share of loss assessment charged during the period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment must be made as a result of ...
by Pretzel lover
Tue Feb 20, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Would umbrella policy protect from actions of litigious condo neighbor?
Replies: 13
Views: 2141

Re: Would umbrella policy protect from actions of litigious condo neighbor?

Policy states - Business Liability $2,000,000

Is that where a lawsuit would fall?
by Pretzel lover
Tue Feb 20, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Would umbrella policy protect from actions of litigious condo neighbor?
Replies: 13
Views: 2141

Re: Would umbrella policy protect from actions of litigious condo neighbor?

Thank you @Rob5TCP. Seems reasonable.

Anyone else have thoughts on this or have gone through something similar?

I have now have a copy of the homeowners association policy. Would this suit protection be contained in the liability section?
by Pretzel lover
Mon Feb 19, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Would umbrella policy protect from actions of litigious condo neighbor?
Replies: 13
Views: 2141

Would umbrella policy protect from actions of litigious condo neighbor?

There is an ex-condo owner that has been suing the association for the last several years. Person's kid now owns the condo in a trust but parent is still coming back to sue the association for payment of repairs caused by water damage 10 years ago. State is IL if that makes a difference. Would an um...
by Pretzel lover
Tue Feb 13, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 4954

Re: Going Paperless Issues

All autopay with cc if possible as many others have mentioned (points). Otherwise ACH to checking.

Lots of good tips above for downloading statements, etc.

I would add- make a list of all accounts that pay on each card or checking account so you can switch them if you need to make a change!
by Pretzel lover
Sat Dec 30, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: RMD timing from inherited IRA
Replies: 17
Views: 1940

Re: RMD timing from inherited IRA

I’m interested in this timing question too. Let the funds grow in the IRA til the end of the year or withdrawal RMD early in the year? If withdrawing early in the year the balance inside the IRA will be lower on Dec 31 (because less money was invested). Is that not correct? The RMD that is pulled ou...
by Pretzel lover
Sat Dec 16, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: LTC policy increase - keep, reduce coverage or ditch?
Replies: 18
Views: 1856

Re: LTC policy increase - keep, reduce coverage or ditch?

Thank you for the input and suggestions.

Paying the premium doesn't have an impact on our finances so I'll keep the policy as-is for now and continue to digest the 30 pages of detail surrounding the benefits, claim process, and exclusions.
by Pretzel lover
Fri Dec 15, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: LTC policy increase - keep, reduce coverage or ditch?
Replies: 18
Views: 1856

Re: LTC policy increase - keep, reduce coverage or ditch?

That was a good suggestion about prepayment.

I called LifeSecure and they said no not an option. I asked about future increases and of course they said it is unknown but mentioned it is their first premium increase on any policy since 2006.

Does anyone know if LifeSecure is a stable company?
by Pretzel lover
Fri Dec 15, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: LTC policy increase - keep, reduce coverage or ditch?
Replies: 18
Views: 1856

Re: LTC policy increase - keep, reduce coverage or ditch?

That’s what seemed attractive about it. Would be “paid for” when I’m 64 y.o.

Wife could live to 100 y.o. or more with her female longevity (grandmother was 106+ when she passed and Mom is almost 92 and physically no issues).

I don’t want to drain the finances if I’m the one that needs LTC
by Pretzel lover
Fri Dec 15, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: LTC policy increase - keep, reduce coverage or ditch?
Replies: 18
Views: 1856

Re: LTC policy increase - keep, reduce coverage or ditch?

Yes, self insuring is definitely a potential solution.

Wife’s family is very long lived and has taken advantage of their LTC policies. Issue may be if both of us need LTC or paying existing expenses for one of us plus LTC for other person.

Would like opinions if this policy is any good.
by Pretzel lover
Fri Dec 15, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: LTC policy increase - keep, reduce coverage or ditch?
Replies: 18
Views: 1856

LTC policy increase - keep, reduce coverage or ditch?

Didn't (and still don't) know much about LTC policies :? The policy has a 10 year monthly premium and then pays for itself. Paying on this policy that was established 4 years ago. Now there is an increase of 15% in premium. Here are the details that hopefully supplies enough info for some more knowl...
by Pretzel lover
Thu Nov 30, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Estate planning question (should we add beneficiaries to savings account?)
Replies: 33
Views: 2434

Re: Estate planning question (should we add beneficiaries to savings account?)

Some good points above. It's getting near the end of the year....make sure that the 2017 RMD is taken from the IRAs.

If your MIL survives to 2018, suggest taking next year's RMD right away if MIL's tax rate is lower than your wife and her sisters.

Hope all goes well.
by Pretzel lover
Fri Nov 24, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Job Downsizing Question, HELP!
Replies: 18
Views: 1901

Re: Job Downsizing Question, HELP!

Seems like the safest option is to take the pay cut, for now. Doubt you'd be able to get the severance package since basically you would be quitting.

Update your resume and look for a better opportunity elsewhere.

The best time to look for a job is when you already have a job.

Good luck.
by Pretzel lover
Fri Nov 17, 2017 7:38 am
Forum: Personal Finance (Not Investing)
Topic: RE sale: long close vs. bird-in-hand
Replies: 28
Views: 2541

Re: RE sale: long close vs. bird-in-hand

I think OP stated that Option A people could afford to buy outright....

Why don't you have them buy now and then they rent it out until they are ready to move? Everybody wins.

Otherwise there is a lot of risk and you are basically rolling the dice on future conditions and follow thru
by Pretzel lover
Wed Nov 15, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 6670

Re: Fair way to split expenses?

Yep, I guess I lucked out twice on financial, as well as, marital bliss (first spouse passed away from cancer). It's always been a simple one pot strategy.

You're married so everything is shared has been the approach. Whatever works for a couple...
by Pretzel lover
Wed Nov 15, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 6670

Re: Fair way to split expenses?

Spouse and I always just have one pot of money. Splitting expenses? It’s all the same money. Doesn’t matter if there is a difference in what each person makes. Many problems can occur if a couple doesn’t have the same financial priorities. This should be fully understood before getting married. That...
by Pretzel lover
Tue Nov 07, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Who would pay the inherited IRA penalty?
Replies: 13
Views: 1340

Re: Who would pay the inherited IRA penalty?

At this custodian, it was mandatory that the new IRA’s had to be split and set up there (for $100 each x 3). It wasn’t possible to split and send elsewhere.

It’s a small private broker that I would never have chosen. Now that the accounts are set up they are allowed to be transferred.
by Pretzel lover
Mon Nov 06, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Who would pay the inherited IRA penalty?
Replies: 13
Views: 1340

Re: Who would pay the inherited IRA penalty?

Thank you all and especially @Alan S. for the very detailed response.

I won’t worry about the other beneficiary who may not behave responsibly.
by Pretzel lover
Mon Nov 06, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Who would pay the inherited IRA penalty?
Replies: 13
Views: 1340

Re: Who would pay the inherited IRA penalty?

Yes, each sibling would receive their one third distribution
by Pretzel lover
Mon Nov 06, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Who would pay the inherited IRA penalty?
Replies: 13
Views: 1340

Re: Who would pay the inherited IRA penalty?

The three beneficiary accounts are at the same custodian as the original IRA account.

They said it needed to be split at their brokerage and then 1/3rd of the RMD would come from each account
by Pretzel lover
Mon Nov 06, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Who would pay the inherited IRA penalty?
Replies: 13
Views: 1340

Re: Who would pay the inherited IRA penalty?

The office person I’m dealing with says if the sibling transfers their IRA out then the penalty will be theirs. But like you said can’t the custodian just not allow it?

That’s why I’m asking. I don’t trust what they tell me.
by Pretzel lover
Mon Nov 06, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Who would pay the inherited IRA penalty?
Replies: 13
Views: 1340

Who would pay the inherited IRA penalty?

I tried to locate this scenario in the wiki, irs, and previous posts. It's just too specific....here goes: Parents IRA has been split into 3 inherited IRA accounts among the 3 sibling beneficiaries. Custodian has not removed the 2017 RMD yet but is planning on removing on third from each of the sepa...
by Pretzel lover
Thu Oct 26, 2017 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Dividing monies from Trust per the will
Replies: 21
Views: 2137

Re: Dividing monies from Trust per the will

My understanding of Florida trust law is that yes a full accounting is required. I’m debating whether to do this accounting annually or more frequently. The more frequent option will provide more opportunities to get into sibling arguments. All expenses will be scrutinized with a fine tooth comb so ...
by Pretzel lover
Thu Oct 26, 2017 4:47 am
Forum: Personal Finance (Not Investing)
Topic: Dividing monies from Trust per the will
Replies: 21
Views: 2137

Re: Dividing monies from Trust per the will

Thank you all again. The comments have been very helpful. Yes the plan will be to liquidate the assets and distribute by check. The trust and estate will fill out the 1041 and provide K-1’s to the beneficiaries. The value is below the estate limit. The input into record keeping and other tips will b...
by Pretzel lover
Tue Oct 24, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Dividing monies from Trust per the will
Replies: 21
Views: 2137

Re: Dividing monies from Trust per the will

In reading the will, it has pour over of residual assets to the trust. The (Florida) revocable trust states "Upon the death of the last to die of the Settlors, all the residue of the Trust estate shall be divided into equal shares and distributed, one equal share to each child..." of which there are...
by Pretzel lover
Mon Oct 23, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Dividing monies from Trust per the will
Replies: 21
Views: 2137

Re: Dividing monies from Trust per the will

Great input and I’ll pick up a copy of the Nolo book. Thank you!