Search found 115 matches

by DarthSage
Sun Jan 14, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Individual stocks in an IRA?
Replies: 9
Views: 480

Re: Individual stocks in an IRA?

I suspect the MIL enjoyed picking stocks and managing her portfolio, up until a few years ago. Then, her declining health made her less interested. She and I used to have great discussions about investing, but she seemed to lose interest in her last years. Which is fine. The stocks look like decent ...
by DarthSage
Sun Jan 14, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Individual stocks in an IRA?
Replies: 9
Views: 480

Individual stocks in an IRA?

Is it common to have individual stocks in a (traditional) IRA? I had always thought of IRAs as being long-term, hands-off investment vehicles. Basically, set them up for growth when you're young, check/rebalance occasionally, maybe switch up your investment mix as you age. But, my husband just recei...
by DarthSage
Thu Jan 11, 2018 6:48 pm
Forum: Personal Consumer Issues
Topic: wild bird feed
Replies: 43
Views: 1821

Re: wild bird feed

I like a mix I get in Walmart, that has dried cherries in it for the cardinals. walmart also sells various types of suet cakes for about $1 each--you need something to hold them in. We use a stand-alone cage thingy (sold right next to the birdseed/suet cakes). You can also find feeders with holders ...
by DarthSage
Thu Jan 11, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 9973

Re: Trusts for adult Children

(3) I expect the estate will need to borrow more, unless the revocable trust is dissolved quickly. Can't money from the revocable trust be used to settle estate issues? Are the investments too illiquid to sell easily to fund near term expenses? Possibly. The lawyer suggested the loan to the estate....
by DarthSage
Thu Jan 11, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 9973

Re: Trusts for adult Children

I just wanted to address a couple questions that came up on the last page, that have come up as issues while settling MIL's estate: (1) MIL did have a joint checking account with BIL, which was enough to cover immediate bills, such as cremation costs. (2) when the account ran low, the estate lawyer ...
by DarthSage
Wed Jan 10, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 9973

Re: Trusts for adults Children

So you see no issues with two 20-somethings inheriting a seven-figure estate before they have even launched their own careers? That's baffling to me. That kind of cash would throw an adult nearing retirement for a loop -- let alone a veritable kid. I trust my kids to exercise good judgment, but you...
by DarthSage
Tue Jan 09, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?
Replies: 36
Views: 3281

Re: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?

both in our mid-20s. There is so much that is unknowable that I would not wase on trying to plan things out that far in advance. In addition to changes in your life technology changes and if truly self driving cars ever become widespread that could cause dramatic changes in the housing market. This...
by DarthSage
Tue Jan 09, 2018 7:41 am
Forum: Personal Consumer Issues
Topic: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?
Replies: 36
Views: 3281

Re: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?

As others have stated, predicting the future is a fool's game. Buy the house now (or not!), that fits your needs now. I thought we bought our Forever Home in 1998. I literally came home from the open house and told my husband, "It's a house that we can grow old in!" But, circumstances change, and we...
by DarthSage
Mon Jan 08, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: protecting future inheritance
Replies: 31
Views: 2868

Re: protecting future inheritance

OP--Would it be possible to get your parents to an estate attorney, using the thought that Mom isn't likely to last more than a few more years? I think if you put it in terms of "getting Mom's things in order", it becomes less about your dad and his issues (for lack of a better word). I would bring ...
by DarthSage
Wed Jan 03, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Beginning of Year Action Items
Replies: 4
Views: 501

Re: Beginning of Year Action Items

Pull together tax info Roth conversion (DH) Get inherited IRAs all under one "roof", then consolidate Plan on RMDs from inherited IRAs Make RMD from inherited Roth: cash check, then, coincidentally, fund Roth for DH Finish settling estate (DH--from his mother) I'm sure we'll have to take a clear-eye...
by DarthSage
Sat Dec 30, 2017 7:23 am
Forum: Personal Consumer Issues
Topic: NC or SC beach area summer rentals for big group
Replies: 19
Views: 1011

Re: NC or SC beach area summer rentals for big group

We live in the Wilmington area--we love it here! We typically go to Carolina Beach (day trips), but that's mostly because we have a beach parking pass, and they have a section where dogs are allowed year-round. Most of the beaches, dogs are only allowed in off-season. I don't know if that's an issue...
by DarthSage
Fri Dec 29, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Reinvest RMD from Inherited IRA into Roth IRA
Replies: 6
Views: 524

Re: Reinvest RMD from Inherited IRA into Roth IRA

We're planning on doing this, only with an inherited Roth. DH will be inheriting the Roth--there's not a lot in it, roughly $25k. But, we have to deplete it, since his mom died. We have 5 years to do this, starting in 2018. Our plan is, take out 20% next year. Put it in an account. Write a check/tra...
by DarthSage
Fri Dec 29, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Question about inherited IRA
Replies: 5
Views: 439

Re: Question about inherited IRA

You need to find out if the grandmother took her RMD for 2015. If so, all is good. If not, the estate needs to take it, not the individuals. The estate only takes the year of death RMD if the estate was the beneficiary. Otherwise, the named beneficiaries must take out the year of death RMD, receive...
by DarthSage
Thu Dec 28, 2017 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Question about inherited IRA
Replies: 5
Views: 439

Re: Question about inherited IRA

You need to find out if the grandmother took her RMD for 2015. If so, all is good. If not, the estate needs to take it, not the individuals. We're going through this right now--my MIL died this summer, and did NOT take her 2017 RMD before passing. She had a bunch of different IRAs and funds she was ...
by DarthSage
Tue Dec 26, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should we downsize?
Replies: 42
Views: 3070

Re: Should we downsize?

I say, keep it because you love it. Money is important, but it's not everything. Moving is miserable, and there's no guarantee that you'll move, now or later, to something you love as much as this house. One thing you didn't mention is, do you plan to have more children? It's not my business, of cou...
by DarthSage
Sun Dec 24, 2017 7:33 am
Forum: Personal Consumer Issues
Topic: Where to stay - Venice & Rome
Replies: 21
Views: 1238

Re: Where to stay - Venice & Rome

This was more of an issue in Pompeii and Capri, but you'd think, if a restroom charges you 50 cents to use a toilet, that it would include a seat. You'd think. Are you saying these are Middle Eastern style toilets, i.e. holes in the ground, or regular toilets but no seats? What's with that? The for...
by DarthSage
Sat Dec 23, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: Where to stay - Venice & Rome
Replies: 21
Views: 1238

Re: Where to stay - Venice & Rome

I don't have specific recommendations--when we went this past summer, we did a tour, and went a little higher budget than you plan. But I wanted to mention a few thoughts: In Venice, you'll want to stay IN Venice--NOT "just off", which is actually where you need to take a train to get to Venice prop...
by DarthSage
Thu Dec 21, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: opinions requested on student college decision / financial related
Replies: 87
Views: 4175

Re: opinions requested on student college decision / financial related

I wanted to add a few more thoughts about my daughter, the teacher, that I talked about up-thread. First of all, we did require her to take out student loans (only subsidized). I know that Bogleheads, generally, run from student loans like a vampire fleeing sunlight, but we had our reasons: we wante...
by DarthSage
Tue Dec 19, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with money from grandparents for kids?
Replies: 31
Views: 1257

Re: What to do with money from grandparents for kids?

My MIL set up UTMAs for each of my children (now ages 11-22). The older two were set up at the same time with identical amounts--oldest used some money for college, so they no longer have identical balances. Younger two got theirs at different times, have different amounts, nothing approaching what ...
by DarthSage
Tue Dec 19, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: opinions requested on student college decision / financial related
Replies: 87
Views: 4175

Re: opinions requested on student college decision / financial related

We've been through this--seriously. Go back 5 years, and substitute "teaching" for "nursing", and you have my oldest. At the time, it was very, very hard for me to get my mind around the cost difference between her #1 and #3 choice schools. It was more than the price of our first house. As with nurs...
by DarthSage
Sun Dec 17, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: Single Purpose Device- Waffle Iron
Replies: 27
Views: 2190

Re: Single Purpose Device- Waffle Iron

We probably use ours more for cinnamon rolls than waffles, just because they're so quick. But, when we want real Belgian waffles--nothing else will do, and they are amazing--worth every calorie. I also have a machine with removable plates, that has a flat side, waffle side, sealed sandwich side, and...
by DarthSage
Wed Dec 13, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching elementary school kids about money
Replies: 32
Views: 2012

Re: Teaching elementary school kids about money

We had the bank thing that a PP described, through our kids' school, when my older two were younger. It was a fabulous way to learn about saving and interest and all that. One thing we've always done is, the kids would get checks from Grandma for Christmas, which we would put in savings. Then when w...
by DarthSage
Wed Dec 13, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Downsizing - How much to invest in a house before selling?
Replies: 41
Views: 4769

Re: Downsizing - How much to invest in a house before selling?

My vote would be for you to do the inexpensive things--clean, declutter, and paint. I would only replace appliances if they didn't work. A couple years ago, my MIL sold her house (actually a detached condo). She'd had it built 20 years before and basically did nothing to it. It was in decent shape, ...
by DarthSage
Tue Dec 12, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 72
Views: 8113

Re: Year end review with less nerdy spouse

But, I stopped doing our taxes because he literally would re-do them, every single time. I'm interested to know if he found differences? More deductions? Mistakes? None of the above! He's just very, very thorough. I'm the household money person, and have a degree in electrical engineering, so I'm a...
by DarthSage
Tue Dec 12, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 72
Views: 8113

Re: Year end review with less nerdy spouse

I'm more of the day-to-day finance nerd. We don't schedule an annual sitdown, it's more like we talk throughout the year, bounce ideas back and forth, etc. Nothing is hidden--he knows exactly where I file statements, keep the checkbook, and so forth. OTOH, he's the one to do the taxes. This is mostl...
by DarthSage
Sun Dec 10, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can This be Part of an Estate Planning?
Replies: 7
Views: 982

Re: Can This be Part of an Estate Planning?

I'm no kind of expert, so I won't comment in that regard. I don't care for borrowing money to make money--that's a personal thing. I don't understand the focus on leaving a boatload of cash, in and IRA or otherwise, to kids. I mean, if you do so, that's fine, but I'm not understanding why it's your ...
by DarthSage
Sat Dec 09, 2017 7:14 am
Forum: Personal Finance (Not Investing)
Topic: How to lead a horse to (boglehead) water?
Replies: 10
Views: 834

Re: How to lead a horse to (boglehead) water?

It really depends on the person and your relationship with them. Two of my children are young adults--DD22 and DS20. I work finances in to casual conversation once in a while. For DD22, she's a recent college grad with her first real job. She has a budget and is contributing to her 403b. She recentl...
by DarthSage
Fri Dec 08, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: House on the market less than a day. Did listing agent commit fraud?
Replies: 56
Views: 7118

Re: House on the market less than a day. Did listing agent commit fraud?

Okay, clearly I should have re-read your post before posting myself. I'm sorry you lost out on this house. It stinks. But, consider it a lesson learned--next time, you can't wait until the next day. Bring the kids along to the tour if you must--maybe take turns watching them? You and spouse take not...
by DarthSage
Fri Dec 08, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: House on the market less than a day. Did listing agent commit fraud?
Replies: 56
Views: 7118

Re: House on the market less than a day. Did listing agent commit fraud?

A question for the OP--are you currently working with a realtor? Here's the scenario that I envision: Family is looking for a new home. They choose a realtor to work with--maybe they're from out of town, maybe they just want the help with the process. The realtor knows what their housing hot buttons...
by DarthSage
Tue Dec 05, 2017 7:50 am
Forum: Personal Consumer Issues
Topic: Europe Suggestions
Replies: 44
Views: 2910

Re: Europe Suggestions

Another vote for reading Rick Steves' "Europe Through the Back Door". He has tips on seeing the "real Europe", not just the touristy spots. He's also big on saving money--he has many great suggestions on where to stay, where to eat, and stuff you never thought about, like doing laundry on the fly or...
by DarthSage
Mon Dec 04, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Family Finance Meeting Agenda
Replies: 23
Views: 2344

Re: Family Finance Meeting Agenda

We don't do this on a scheduled basis, more like when things come up. I guess we have a system that works for us--I handle most of the money issues, except earning it, and we talk when there's something to talk about. For us, that would mean spending more than $500 or so on an item. We're pretty che...
by DarthSage
Sun Dec 03, 2017 6:40 pm
Forum: Personal Consumer Issues
Topic: Want to start after school prep work for underprivileged
Replies: 14
Views: 1098

Re: Want to start after school prep work for underprivileged

I know you're thinking HS, but I wanted to tell you about a program at my daughter's school. She's a fourth-grade teacher of English language learners, her first year teaching. She's in the Boston area. Her school has a special after-school program for immigrants, so they can get extra help. In MA, ...
by DarthSage
Fri Dec 01, 2017 7:16 am
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 3617

Re: housing for in-laws

My first thought would be to approach it differently. Instead of you not wanting to listen to kitchen noise from your living room, is there somewhere else you could go? How about a big man cave in the basement, complete with TV/bar/fridge/Hobby, so you have a place to hide out when needed? Spring f...
by DarthSage
Tue Nov 28, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Too much house, right?
Replies: 88
Views: 8327

Re: Too much house, right?

Something else to keep in mind--life might not turn out like you expect it to. I know you're planning on a couple more kids, then your wife returning to work--that may well happen. But, it might not. In our case, our second child had numerous health and developmental issues when he was young--there'...
by DarthSage
Tue Nov 28, 2017 10:16 am
Forum: Personal Consumer Issues
Topic: Insulated shopping bags
Replies: 14
Views: 851

Re: Insulated shopping bags

I just use cloth bags for regular shopping--load them up and drive home. We live close to the stores, and even in the south (North Carolina), this is plenty. DH and I each have a couple insulated bags in our cars--these are the ones with silver lining, that zip shut. We use these if it's middle of s...
by DarthSage
Sun Nov 26, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Help my kids pick a charitable cause
Replies: 19
Views: 829

Re: Help my kids pick a charitable cause

I'm a mother of four. I have some ideas to consider: Our family charity is Heifer International. My kids pore over the catalog and pick animals to purchase. All four must agree. Ironically, this year my oldest lobbied to donate instead to Puerto Rico--her close friend's grandparents were airlifted o...
by DarthSage
Sat Nov 25, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Enough to retire???
Replies: 22
Views: 3474

Re: Enough to retire???

As others have stated, look closely at healthcare costs. Even on Medicare, there are costs. Along with this, I would think about long-term health costs--do you need insurance? Could you self-insure? DH and I refer to this as "million dollar disease"--among our parents' generation, there is cancer, d...
by DarthSage
Sat Nov 25, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Lynch wants personal info--How to deal
Replies: 33
Views: 3403

Re: Merrill Lynch wants personal info--How to deal

Figure out the total required RMD for all IRAs and have ML make the withdrawal for the total including withholding taxes from one account. That will take the pressure of a time line off you. Tell them you want it done now. I don't see how they can refuse to do it. After the RMDs are done, contact t...
by DarthSage
Sat Nov 25, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 18351

Re: The fallacy of spending money on "experiences" vs hard assets

First off, I don't think everyone "has" to enjoy the same things in the same way. If the OP (or anyone else) doesn't care for travel, then it's a "bad spend" for that person. I'm a woman who doesn't see the value in fashion or jewelry--I'm in the minority, but there you have it. As to travel, though...
by DarthSage
Sat Nov 25, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Lynch wants personal info--How to deal
Replies: 33
Views: 3403

Re: Merrill Lynch wants personal info--How to deal

Bank of America/ML has a compliance department that will make the next months/years of your life a living hell if you don't give them the information they want in the form they want it. If I were in that position, I would accept dodging them as a personal challenge. I would do this in a hot second,...
by DarthSage
Sat Nov 25, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Too much house, right?
Replies: 88
Views: 8327

Re: Too much house, right?

I'm in the camp of "go for it", mostly because the lot, itself, sounds like a rare opportunity. A few things on the house itself: It's not necessary to do all the landscaping at once. Obviously, if the lot needs to be cleared, most of that needs to come first. But even that wouldn't require clear-cu...
by DarthSage
Thu Nov 23, 2017 5:59 pm
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 60
Views: 4343

Re: Public or Montessori Private School

Thank you all for your feedback - 1. We are not helicopter or OCD parents. We don't derive sense of pride in showing off to others what our girl can do. None of her friends know she plays violin. 2. Suzuki style teaching start violin, cello and other instruments at very young age. We don't play any...
by DarthSage
Thu Nov 23, 2017 6:55 am
Forum: Personal Consumer Issues
Topic: Christmas gifts for lots of kids (experiences or stock)?
Replies: 36
Views: 2876

Re: Christmas gifts for lots of kids (experiences or stock)?

There are a couple things we do with our kids. One is, they typically get gift cards from relatives. We allow them to spend these, usually to fill in for either a Christmas gift they wanted but didn't get, or additional "supplies"--i.e., more clay if they got a pottery wheel, something like that. My...
by DarthSage
Thu Nov 23, 2017 6:47 am
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 60
Views: 4343

Re: Public or Montessori Private School

This thread is exhausting to me. I didn't even know 3 - 4 year olds could learn to play violin, or would want to. Sounds like helicopter parenting or OCD parenting. Maybe it's just because the child is gifted. If your very young kid is always learning another language, getting music lessons and pra...
by DarthSage
Wed Nov 22, 2017 5:55 pm
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 60
Views: 4343

Re: Public or Montessori Private School

One thing I would caution you is, engineers can be very goal-focused--I know this, because DH and I both have engineering degrees. I can relate to that - I noticed that when I was teaching her phonics. After few weeks of my teaching and I did not see any progress per my standard ofcourse. I had to ...
by DarthSage
Wed Nov 22, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 60
Views: 4343

Re: Public or Montessori Private School

A self-motivated child would do well in Montessori, but a competitive child may not. You might want to consider visiting the school to see if it seems like a good fit. I have 4 children--all went to preschool, then all-day public kindergarten. Only 1 of the 4 went to Montessori--the youngest. It sui...
by DarthSage
Tue Nov 21, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Lynch wants personal info--How to deal
Replies: 33
Views: 3403

Re: Merrill Lynch wants personal info--How to deal

Just don't return the form if you don't wish to disclose the requested information. No need to make things complicated. Unfortunately, we have to return the form. We need to get that RMD done in this calendar year. And with two executors and a couple dozen assorted accounts (trusts, 529s, IRAs, Rot...
by DarthSage
Mon Nov 20, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Lynch wants personal info--How to deal
Replies: 33
Views: 3403

Re: Merrill Lynch wants personal info--How to deal

BTW, I just read the link that alec provided (thank you!). It said that they can ASK for the information, but customers are not required to provide it. It's for the company to make investment recommendations--we don't want any recommendations from ML anyway.
by DarthSage
Mon Nov 20, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Lynch wants personal info--How to deal
Replies: 33
Views: 3403

Re: Merrill Lynch wants personal info--How to deal

-It's good to know the legalities--I will pass the information on to my husband. Added bonus for us, both he and BIL have to put the information on the same form...and we have to fill it out first. we'd really rather not let BIL know this information, either. ML may have been MIL's full-service brok...
by DarthSage
Mon Nov 20, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Lynch wants personal info--How to deal
Replies: 33
Views: 3403

Merrill Lynch wants personal info--How to deal

I wanted to throw this out and ask for any advice. My MIL died a few months ago, and my DH and BIL are joint executors of her estate. They are in the process of taking her RMDs from her IRAs. Some of these IRAs were divided up, then the RMDs distributed; some have the RMDs, then are divided up. She ...