Search found 93 matches

by Determined
Sun Dec 17, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Trust for my kids (in the event of my death)
Replies: 15
Views: 1193

Re: Trust for my kids (in the event of my death)

I set up a minor's protection trust for my three children, 22, 20, and 12. The lawyer recommended that the youngest must turn 25 before they get control. My brother would be trustee and also guardian of my youngest. Edit. The guardianship is only my wish. His Dad is still around but arguably not fit...
by Determined
Sun Dec 10, 2017 10:35 am
Forum: Personal Consumer Issues
Topic: Hit a deer and may be car shopping
Replies: 8
Views: 757

Re: Hit a deer and may be car shopping

Glad you are safe. You've contacted your insurer, correct? That may seem obvious but people regularly post here that they have not contacted their insurer after an accident. Your insurer will bring in a claims adjustor who probably will look at the car in person but may just look at photos. Usually...
by Determined
Sun Dec 10, 2017 9:28 am
Forum: Personal Consumer Issues
Topic: Hit a deer and may be car shopping
Replies: 8
Views: 757

Re: Hit a deer and may be car shopping

Unfortunately, I do not have a rental rider. I am also fours from home, so it is getting fixed out of town. The tow overage would have been $500. I won't know anything until tomorrow.
by Determined
Sun Dec 10, 2017 8:02 am
Forum: Personal Consumer Issues
Topic: Hit a deer and may be car shopping
Replies: 8
Views: 757

Hit a deer and may be car shopping

I hit a deer last night on the interstate. I am perfectly fine, thank goodness, and the airbags did not deploy. It hit the front lower left bumper of my 2014 Ford Cmax hybrid. broke open and loosened/broke the electrical box which caused all the warning sensors to go off, and after safely pulling of...
by Determined
Thu Nov 30, 2017 10:29 pm
Forum: Investing - Theory, News & General
Topic: Anyone switch brokerage account from Ameriprise or Wells Fargo to Vanguard?
Replies: 10
Views: 965

Re: Anyone switch brokerage account from Ameriprise or Wells Fargo to Vanguard?

I moved am inherited IRA this summer. I chose to liquidate at Wells as the costs were covered in the wrap fee. Then I reinvested in a three fund portfolio. I called the advisor, he was very short, and I was charged $125 to close the account. No other forms. Currently I am moving a taxable account fr...
by Determined
Sun Nov 26, 2017 10:12 pm
Forum: Personal Consumer Issues
Topic: Women's socks for hot feet
Replies: 12
Views: 753

Re: Women's socks for hot feet

Have you considered the contribution of the shoe to the problem? I find some leather shoes to be quite non breathable. It's possible. I have always had an issue with tennis shoes, but the work shoes have been this last year or two. I also have narrow feet, so my choices are not as abundant. I gener...
by Determined
Sun Nov 26, 2017 7:55 pm
Forum: Personal Consumer Issues
Topic: Women's socks for hot feet
Replies: 12
Views: 753

Re: Women's socks for hot feet

F150HD wrote:
Sun Nov 26, 2017 7:13 pm
is there an underlying health issue tied in? diabetes comes to mind - diabetic neuropathy.
I appreciate the concern. I get bloodwork done annually, and I have no health issues. My mothere had lupus, so we keep an eye on that, but nothing has come up yet.
by Determined
Sun Nov 26, 2017 6:42 pm
Forum: Personal Consumer Issues
Topic: Women's socks for hot feet
Replies: 12
Views: 753

Women's socks for hot feet

My feet get so hot at work. I teach and wear comfortable shoes. Throughout the winter my feet get so hot that I sometimes have to slip my shoes and socks off behind my desk. They don't get particularly smelly and sweaty. I just get so uncomfortable, and sometimes my face flushes. I have never looked...
by Determined
Sat Nov 25, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Own a US business but living in Canada
Replies: 5
Views: 650

Re: Own a US business but living in Canada

Yes, they talk often bout returning to the US, but there are no immediate plans.

He has been getting professional advice which is why the whole topic came up. We are hoping to get a better idea of the pros and cons this week.
by Determined
Wed Nov 22, 2017 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Own a US business but living in Canada
Replies: 5
Views: 650

Re: Own a US business but living in Canada

Interesting. I don't think he would ever consider that. It was our dad's business which was in our mom's trust. We have not had an squabbles about division of the estate and trusts. We have only looked at it is something to hold on to and be a legacy for our children. This is just the latest complic...
by Determined
Tue Nov 21, 2017 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Own a US business but living in Canada
Replies: 5
Views: 650

Own a US business but living in Canada

My sibling and I own but do not run a US small business we inherited. He lives in Canada. I live in the US. There has been some discussion about whether to keep It as an S Corp. After talking to a cross border accountant, he is finding that what may be best for me may not be so great for him. Does a...
by Determined
Mon Nov 20, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: High deductible health insurance with HSA for family of 5
Replies: 12
Views: 997

Re: High deductible health insurance with HSA for family of 5

What are the deductibles and out of pocket maximums? I have felt good about switching my family to an hdhp and I have three children as well. I haven't met the deductible for either plan since my 12 year old was born. The employer contribution will count toward your maximum. Good to hear, did the H...
by Determined
Sun Nov 19, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: High deductible health insurance with HSA for family of 5
Replies: 12
Views: 997

Re: High deductible health insurance with HSA for family of 5

What are the deductibles and out of pocket maximums? I have felt good about switching my family to an hdhp and I have three children as well. I haven't met the deductible for either plan since my 12 year old was born. The employer contribution will count toward your maximum.
by Determined
Fri Nov 17, 2017 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: HR messed up my HSA election
Replies: 7
Views: 623

Re: HR messed up my HSA election

Wow. I didn't think of that. Thank you very much! Does that apply to 403b and 457 as well. It sounds like I should just defer everything as if I am working there the entire calendar year. I really appreciate it!
by Determined
Thu Nov 16, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: HR messed up my HSA election
Replies: 7
Views: 623

Re: HR messed up my HSA election

Not doubting. Just taking the leap into next year and making sure I understand my options. There are so many new things I have learned here. I asked HR last week if we had limited FSAs. We do, but she admitted the the rep hardly discusses them with employes. I have been on HDPD ever since they start...
by Determined
Thu Nov 16, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: HR messed up my HSA election
Replies: 7
Views: 623

Re: HR messed up my HSA election

Thanks. I teach in Ohio where we do not pay in for SS. If I understand you correctly, then I could contribute most everything post tax in 2018 and put the pre-tax money toward my 403b? The other twist is that I may be relocating next summer so I am considering trying to max everything I can by the e...
by Determined
Thu Nov 16, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: HR messed up my HSA election
Replies: 7
Views: 623

HR messed up my HSA election

Earlier this year I increased all my tax deferments to take advantage of inheritance windfall. I am essentially not taking a paycheck. I maxed my 457 and HSA then put most everything in a 403b. I recently realized that my employer has only be deducting HALF of my election. Instead of $300 per pay, o...
by Determined
Tue Nov 14, 2017 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Going to College to become a Teacher - 19 Started Roth IRA.
Replies: 15
Views: 1295

Re: Going to College to become a Teacher - 19 Started Roth IRA.

Get a position before starting your masters if at all possible. Not only will the school potentially reimburse you for some of the costs, but you will get much more out if it after you have been teaching. A lot will depend on what state you are in, public or private, urban or rural. Compensation var...
by Determined
Mon Nov 13, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Use or Lose $850 from Limited Expense FSA
Replies: 36
Views: 1775

Re: Use or Lose $850 from Limited Expense FSA

ThisTimeItsDifferent wrote:
Sun Nov 12, 2017 9:18 pm
Orthodontia may be covered based on the date of billing not the date of service so you could pay the whole amount at the first visit.
I did this with my children. I paid the whole thing, got a 5% discount, and submitted the reimbursement the next day.
by Determined
Mon Nov 13, 2017 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Extra $3000 in 403b or 457
Replies: 3
Views: 363

Re: Extra $3000 in 403b or 457

Thank you. I wasn't sure if it applied to 457 as well. It does not.
by Determined
Mon Nov 13, 2017 2:25 am
Forum: Investing - Help with Personal Investments
Topic: Extra $3000 in 403b or 457
Replies: 3
Views: 363

Extra $3000 in 403b or 457

Where did I read about being able to contribute an extra $3000 if you have been with the same employer for a certain length of time? I want to ask our HR. I am 47 and have been at this school district for 18 years.
by Determined
Sun Nov 12, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Generation Skipping Trusts
Replies: 7
Views: 1122

Re: Generation Skipping Trusts

My brother and I were beneficiaries of a generation skipping trust. The majority of it is farmland. It was set up in 1989, and our parents received the farmland rental income. Our only invovlment until my mother passed this year was that we received the statements.
by Determined
Sun Nov 12, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: What Credit Card is good for me?
Replies: 19
Views: 1361

Re: What Credit Card is good for me?

I just started using rewards credit cards intentionally. I have no regular need for airline miles. I have the Citi DoubleCash because I don't want to fuss, but I did just get the Chase Freedom to get the sign up bonus while I use the 5% category for quarter 4. I will probably get something else next...
by Determined
Tue Nov 07, 2017 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Moving HSA from savings to investment account
Replies: 1
Views: 311

Moving HSA from savings to investment account

I have been following the threads about HSA account, particularly the one about Lively. I have had an HSA through payroll deduction for a few years. The only option is a savings account which is currently at 1.5%. I had been previously matching my employer's $1200 contribution and using it cover exp...
by Determined
Tue Nov 07, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Poll-How much do you have in your HSA?
Replies: 50
Views: 4886

Re: Poll-How much do you have in your HSA?

Don't have one. Wasn't an option until recently. Maxed out FSA past two years and spent every penny on medical expenses plus a little. Not sure its worth switching to a HDHP with an HSA. Would have been great in years past before kids when I only ever had preventative care to worry about. You know,...
by Determined
Sun Oct 29, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Ohio Teacher
Replies: 10
Views: 1037

Re: Ohio Teacher

Congratulations on your new job. Sign up for Ohio Deferred Compensation 457. You can go directly to their website to do it. If your district offers a 403b, you can do that as well, but I would start with the 457. Krow36 is correct. We do not pay into social security, and our STRS now has the three o...
by Determined
Fri Oct 27, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: RMD distribution timing
Replies: 32
Views: 2599

Re: RMD distribution timing

With interest rates low, and the stock market high, I want to minimize risk with my RMD money. So, early in the year, I put that money into Vanguard's Ultra Short Term Bond Fund, within my IRA. During the year, I make QCDs from that fund. Some time in November, I will withdraw the balance of the RM...
by Determined
Thu Oct 26, 2017 8:58 pm
Forum: Personal Consumer Issues
Topic: No true pay as you go [cellphone plan]
Replies: 63
Views: 5338

Re: No true pay as you go [cellphone plan]

Unless there is something special about your Verizon phone or something you haven't mentioned that isn't working with Tracfone, go to QVC and treat yourself to a new Tracfone SamsungGalaxy J3 for $99.75 with 1 year, 1500 minutes/texts and 1.5 GB data and buy 5-1GB cards at Tracfone for $50 and you ...
by Determined
Fri Oct 20, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Gifting taxable account with large capital gains to college children
Replies: 11
Views: 805

Re: Gifting taxable account with large capital gains to college children

If I was in your situation and I wanted to help my kids, I'd pay off student loans after they graduated. Since you have 2 with $8k loans, I'd earmark $8k for each of your 3 kids. After each successfully graduates, I'd pay off that 8k loan, asking each kid not to tell the siblings. My notion is that...
by Determined
Fri Oct 20, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Gifting taxable account with large capital gains to college children
Replies: 11
Views: 805

Re: Gifting taxable account with large capital gains to college children

Since the money is at Wells Fargo, you will pay a lot in fees if you leave it there forever if it is investments, if savings or money market it is low interest. So yes you should look at moving the holdings or selling and moving to a lower cost holding such as at Vanguard immediately and pay the ca...
by Determined
Fri Oct 20, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Gifting taxable account with large capital gains to college children
Replies: 11
Views: 805

Re: Gifting taxable account with large capital gains to college children

This money was part of a generation skipping trust that includes farmland. The family philosophy has always been that this money was to be passed to future generations as long as possible. It's not clear from your post whether the money is still in a trust, and whether you or the trust still own an...
by Determined
Fri Oct 20, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Gifting taxable account with large capital gains to college children
Replies: 11
Views: 805

Re: Gifting taxable account with large capital gains to college children

Determined, IMO, they are much too young to gift them a lot all at once. You could probably use some for their college expenses but we need to know more. How is that being funded now? Plus how much have your saved for your own retirement so far? We can't tell much from your net worth since it could...
by Determined
Fri Oct 20, 2017 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Gifting taxable account with large capital gains to college children
Replies: 11
Views: 805

Re: Gifting taxable account with large capital gains to college children

Newone88 wrote:
Fri Oct 20, 2017 7:08 am
Wouldn't this taxable account involve a step up in basis, thereby eliminating the capital gains?
Because it is generation skipping, the cost basis goes back to 1989.
by Determined
Fri Oct 20, 2017 6:06 am
Forum: Investing - Help with Personal Investments
Topic: Gifting taxable account with large capital gains to college children
Replies: 11
Views: 805

Gifting taxable account with large capital gains to college children

I was reading about gifting to my college children who are 20 and 22. I inherited a taxable account that is at Wells. I have been stalling about moving it. It has about $25,000 in capital gains and $135,000 in the account. This money was part of a generation skipping trust that includes farmland. Th...
by Determined
Thu Oct 19, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Finally a win for teachers!! [403(b) modified to add funds]
Replies: 33
Views: 2986

Re: Finally a win for teachers!!

in 2012 those vendors were removed from our "approved" list with no explanation given. as this occurred before (with no explanation given), will it occur again? (with no explanation given?) These are questions and not an accusation (because I do not know the facts, but am aware of certain common pr...
by Determined
Sat Oct 14, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Citizens College Saver
Replies: 1
Views: 148

Citizens College Saver

Does this make sense to do? My son will be 12 next month. I am in the 25% tax bracket. I put $2000/year in Ohio's 529 to get the state tax benefit. Overall I have about $30,000 currently for him. The basic deal is a $500 deposit and $50/month in a savings account yielding .05%. When he turns 18 they...
by Determined
Thu Oct 12, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: Refinish hardwood or new carpet
Replies: 8
Views: 764

Refinish hardwood or new carpet

My fiance had to relocate a few months ago. He bought a house that he currently lives in, and the intent is to turn it into rental once I can relocate (hopefully next summer). He pulled the carpet which was in dismal shape. The hardwood needs refinished, but now he is wondering about getting a quote...
by Determined
Wed Oct 11, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Card - Should I get a Replacement
Replies: 47
Views: 2859

Re: Social Security Card - Should I get a Replacement

Ally wanted a copy of my SS card to open an account. They said they couldn't verify my identity. No one else has asked for it in forever.
by Determined
Sun Oct 08, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Spending FSA dependent care money
Replies: 7
Views: 730

Re: Spending FSA dependent care money

When I used FSA for childcare, I had to have the provider's social security number., but it was more than $2000. The provider wrote me receipts. It's been seven years since I last did this, though.
by Determined
Sat Oct 07, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1427

Re: Paying off house that is in estate

Why? I asked the bank. They said the type of mortgage could not be assumed. But you don't have to. Under Garn St. Germain banks can't exercise the due on transfer clause in a loan if the property is transferred to a Living Trust or to a family member under the terms of a will. See section (d) 5 htt...
by Determined
Sat Oct 07, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1427

Re: Paying off house that is in estate

We have already determined I cannot assume the mortgage. Why? I asked the bank. They said the type of mortgage could not be assumed. But you don't have to. Under Garn St. Germain banks can't exercise the due on transfer clause in a loan if the property is transferred to a Living Trust or to a famil...
by Determined
Fri Oct 06, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1427

Re: Paying off house that is in estate

That home is in trust...... Since the home is is a trust is there any reason that the condo could not be sold now? In addition to getting it sold while the housing market is still hot, like it is in many areas, that would also save the monthly fees of holding it until the estate is settled then put...
by Determined
Fri Oct 06, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1427

Re: Paying off house that is in estate

denovo wrote:
Thu Oct 05, 2017 11:26 pm
Determined wrote:
Thu Oct 05, 2017 9:25 pm
We have already determined I cannot assume the mortgage.
Why?
I asked the bank. They said the type of mortgage could not be assumed.
by Determined
Thu Oct 05, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1427

Re: Paying off house that is in estate

The mortgage is not due. The bank knows I am paying it. We have already determined I cannot assume the mortgage. My plan is to pay it monthly until someone says I have to take ownership. That means keeping money liquid to do so. I could do that now if necessary. It would be easier in 2018. My questi...
by Determined
Thu Oct 05, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1427

Re: Paying off house that is in estate

We have the value of the condo worked out with other assets. He and have fortunately done very well working together.
by Determined
Thu Oct 05, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1427

Re: Paying off house that is in estate

My brother and I are beneficiaries of the estate and trusts. It has already been determined that I will own the condo, and the equity according to the step up basis has been worked out. This condo is in estate. I have paid and continue to pay from my personal funds. That includes escrowed taxes and ...
by Determined
Thu Oct 05, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1427

Paying off house that is in estate

I understand the basics of paying off a mortgage. I am living in my mother's condo and paying the mortgage. I moved there shortly before she unexpectedly died, and we had not changed ownership. She lived in Florida. That home is in trust and will be sold. I am the executor and trustee. The mortgage ...
by Determined
Thu Oct 05, 2017 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity: can no longer use first initial, middle name
Replies: 30
Views: 2745

Re: Fidelity: can no longer use first initial, middle name

Both my dad's and brother's first names are John, but they have always used their middle names. There are all kinds of things where they are listed as John. The military is one in particular, but there are others. I am not sure how annoyed they get. It's just how it is.
by Determined
Thu Sep 28, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 10296

Re: My boneheaded financial mistakes

1. Didn't challenge my ex in 2008 when he decided to sell our investments. My inner voice said leave it there. I never asked what he did with the money, but it obviously did not go back into investments.

2. Waited until he raided our home equity (gambling) before finally filing in 2014.