Search found 63 matches

by Pretzel lover
Tue Feb 13, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 3755

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: 1649

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: 1536

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: 1536

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: 1536

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: 1536

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: 1536

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: 2105

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: 1581

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: 2177

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: 5400

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: 5400

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: 1157

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: 1157

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: 1157

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: 1157

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: 1157

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: 1157

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: 1792

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: 1792

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: 1792

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: 1792

Re: Dividing monies from Trust per the will

Great input and I’ll pick up a copy of the Nolo book. Thank you!
by Pretzel lover
Mon Oct 23, 2017 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Dividing monies from Trust per the will
Replies: 21
Views: 1792

Re: Dividing monies from Trust per the will

Most of the money is a living trust. The will says to divide it up evenly amongst the 3 siblings. So the trust ends at that point.

I was wondering if there are any forms that go with checks to prove it’s inherited money and therefore not taxable income to the beneficiaries?
by Pretzel lover
Mon Oct 23, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Dividing monies from Trust per the will
Replies: 21
Views: 1792

Dividing monies from Trust per the will

I’m the trustee and and executor. I’ll be dispersing money from the trust of the deceased per the wishes in the will. While keeping an accounting and reserving monies for future bills and taxes, do I just write checks from the trust account to the heirs? Is there any other paperwork necessary so tha...
by Pretzel lover
Sun Oct 22, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Annuity restating 3 tax years of earnings to taxable
Replies: 2
Views: 393

Re: Annuity restating 3 tax years of earnings to taxable

Thank you @ThePrune I should have included the detail that it is a non-qualified contract that was immediately annuitized when purchased in 2014 for monthly payments and included a death benefit rider. When my Mom switched financial planners there was a 1035 exchange of an older undistributed annuit...
by Pretzel lover
Sat Oct 21, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Annuity restating 3 tax years of earnings to taxable
Replies: 2
Views: 393

Annuity restating 3 tax years of earnings to taxable

Now that mega insurance company has to pay deceased Mom’s death benefit on her annuity, they went back and restated all of the last three years of her distributions as taxable income. I received revised 1099’s for 2014 thru 2016 that now have box 2 amounts that match box 1. Original 1099’s had box 2...
by Pretzel lover
Tue Oct 10, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Made a career mistake- advice/next steps
Replies: 35
Views: 6045

Re: Made a career mistake- advice/next steps

As others have offered above...actively start looking for a job that is a better fit. Going back to your old company may be a mistake. You stated they weren't doing well financially and you were being held down by your supervisor. If senior management there also allowed you to be underpaid and to le...
by Pretzel lover
Sun Oct 08, 2017 3:01 pm
Forum: Personal Consumer Issues
Topic: [Prevent mail theft; sign for USPS Informed Delivery]
Replies: 213
Views: 17739

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

Weird scenario..... my brother is using my sister’s mailing address to get his mail (even though he doesn’t live there). He signed up for informed delivery so he’ll get advance look at what’s coming. He of course can see my sister’s mail as well. My question.... did my brother have to answer securit...
by Pretzel lover
Sun Oct 08, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Change for a $20 requires ID!!
Replies: 22
Views: 2598

Change for a $20 requires ID!!

First time I ran into this rule at local bank....is it new?

Can I get a $10 and two $5's for this $20? No, not without proper ID

Wow, part of the know if your customer is laundering money
by Pretzel lover
Sat Oct 07, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Freezes and Deceased Persons
Replies: 7
Views: 992

Re: Credit Freezes and Deceased Persons

Maybe the answer to the question about how to check for a freeze on a deceased person's credit was too obvious but I don't know what it is
by Pretzel lover
Sat Oct 07, 2017 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Credit Freezes and Deceased Persons
Replies: 7
Views: 992

Re: Credit Freezes and Deceased Persons

Whether death was recent or many years ago....how would one check if the deceased person's credit was frozen?
by Pretzel lover
Thu Oct 05, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is a death certificate needed for direct transfer?
Replies: 7
Views: 705

Re: Is a death certificate needed for direct transfer?

Thank you all for relaying your experiences.

I’ll probably do as @NotWhoYouThink suggested and not offer it since there will be no retitle occurring.
by Pretzel lover
Thu Oct 05, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is a death certificate needed for direct transfer?
Replies: 7
Views: 705

Is a death certificate needed for direct transfer?

Wondering if another copy of death certificate is needed when directly transferring the original established inherited IRA to a different custodian (either in the same year of the death or afterward).

Thx
by Pretzel lover
Tue Oct 03, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Initial co-trustee instead of successor trustee
Replies: 25
Views: 1527

Re: Initial co-trustee instead of successor trustee

All the replies have helped provide much needed direction. Bogleheads are a great group of individuals with a wealth of knowledge and generous spirit. Thank you. I attempted to apply for the trust EIN using the IRS online wizard but it kept coming out with the wrong grantor. It finally kicked me out...
by Pretzel lover
Sun Oct 01, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Initial co-trustee instead of successor trustee
Replies: 25
Views: 1527

Re: Initial co-trustee instead of successor trustee

Thank you everyone for all the advice on this. I'm working through a lot of the paperwork to get bills and eventually beneficiaries paid. I do have a fundamental question- did the revocable trust become irrevocable due to the death of the grantor? Again state of residence for my Mom was Florida. She...
by Pretzel lover
Sat Sep 23, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Initial co-trustee instead of successor trustee
Replies: 25
Views: 1527

Re: Initial co-trustee instead of successor trustee

Thank you all for your input. I will not take a fee but will work to wrap this up to pay all the expenses and distribute equally to the three of us.

I realize it will take some time but at least now it doesn't seem so overwhelming.
by Pretzel lover
Sat Sep 23, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Initial co-trustee instead of successor trustee
Replies: 25
Views: 1527

Re: Initial co-trustee instead of successor trustee

Not up to speed on all this trust stuff.

Thought being made initial co-trustee meant that the trust belonged to me and I was responsible for any tax bill.

Anybody with input into that or inherited IRA would be valuable.

Thx
by Pretzel lover
Sat Sep 23, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Initial co-trustee instead of successor trustee
Replies: 25
Views: 1527

Initial co-trustee instead of successor trustee

A couple years ago my Mom changed the revocable trust she had with my deceased Dad and made me an initial co-trustee. Now my Mom has just passed and I'm also executor of the will. I have two siblings and everything is to be divided equally between the three of us. The majority of the assets are in a...
by Pretzel lover
Tue May 23, 2017 7:53 am
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 9015

Re: Lawyers charging for asking about fees

I had caught a mistake that an estate attorney's secretary made on some documents. He billed me for time to make the correction.

I didn't call him to complain since I didn't want to be billed for some more time concerning this mistake. I just didn't use him after that.
by Pretzel lover
Sun May 21, 2017 7:58 am
Forum: Personal Consumer Issues
Topic: Amazone prime - took over a month to receive, so check the arrival date!
Replies: 6
Views: 1514

Re: Amazone prime - took over a month to receive, so check the arrival date!

I had an Amazon Prime experience where the expected receipt date was 'next day' until I completed the order...then it was several days. I phoned Amazon to complain and they extended my Prime subscription by a month to make up for the inconvenience. The explanation was that Amazon doesn't check inven...
by Pretzel lover
Tue Apr 04, 2017 7:32 am
Forum: Investing - Theory, News & General
Topic: average annual return 3 fund portfolio
Replies: 12
Views: 1808

Re: average annual return 3 fund portfolio

To avoid high advisory fees you can move your investments "in kind" to a lower cost custodian (Vanguard, Fidelity, etc) without incurring capital gains.
by Pretzel lover
Sat Mar 18, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 45
Views: 5246

Re: Divesting to heirs. When and how quickly.

Taylor: thank you for sharing your letter. It was very uplifting.
by Pretzel lover
Sat Mar 18, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Citi card Nightmare
Replies: 75
Views: 9837

Re: Citi card Nightmare

I'll add to the good advice already provided....make sure you redirect any recurring credit card charges to a different card.

It is easy to overlook some irregular occurring charges connected to each card,
by Pretzel lover
Fri Mar 17, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase and Sale of home: pearls of advice
Replies: 29
Views: 3139

Re: Purchase and Sale of home: pearls of advice

Another good resource is to look at the surrounding area on Google Earth to see whats around that may not be desirable.
by Pretzel lover
Sun Mar 12, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: I have to share this quote
Replies: 32
Views: 5337

Re: I have to share this quote

A joke to tell your broker (if you haven't kicked him/her to the curb yet):

Q: How can I make a million dollars in the stock market?

A: Start with two million!
by Pretzel lover
Wed Feb 15, 2017 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Currently an Edward Jones client and need some advice
Replies: 32
Views: 3121

Re: Currently an Edward Jones client and need some advice

crssherman1990 wrote:
Pretzel lover wrote:Best investment at EJ = $95 account closing fee
Is that per find they have me in? Or just for the whole account ? They failed to mention that part when I signed up unsurprisingly. They have me in 13 finds I believe.
Per account
by Pretzel lover
Tue Feb 14, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: New Vanguard account- questions
Replies: 3
Views: 339

Re: New Vanguard account- questions

Thank you toto. I did capture all the cost info from my EJ accounts before the access is shutoff. The 'exchange' explanation makes sense!
by Pretzel lover
Tue Feb 14, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: New Vanguard account- questions
Replies: 3
Views: 339

New Vanguard account- questions

Funds are newly transferring in from EJ into taxable, tax deferred, and tax free accounts but I have a couple early questions: 1. Does the cost basis eventually show up in the VG account? The stocks and mutual funds that were transferred in-kind did have cost basis when they were at EJ. 2. To rid my...