Search found 21 matches

by cruisefan
Sun Nov 03, 2019 6:12 am
Forum: Personal Consumer Issues
Topic: Cruises, where to book?
Replies: 17
Views: 1749

Re: Cruises, where to book?

I've booked a few cruises with Costco but their website can be difficult when choices are involved. I believe if you call you can probably get what you want. I assume your looking at a balcony that would include all offers. See if you can decline the drinks and dining. You would still get the $405 C...
by cruisefan
Sun Apr 14, 2019 6:07 am
Forum: Investing - Theory, News & General
Topic: keeping both stocks and bonds in tax deferred for rebalancing
Replies: 8
Views: 970

Re: keeping both stocks and bonds in tax deferred for rebalancing

So the TSP would be 100% G fund because it is 60% of total assets and you want 65% of total assets in bonds. That would mean 5% of total assets would be in bonds in the inherited IRA where it will fit. Yes, that would leave 12% of total assets in the inherited IRA in equities. Try it and see what h...
by cruisefan
Sat Apr 13, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: keeping both stocks and bonds in tax deferred for rebalancing
Replies: 8
Views: 970

keeping both stocks and bonds in tax deferred for rebalancing

I understand the reason for keeping both stocks and bonds in tax deferred for rebalancing. I was wondering if there was any rule of thumb for determining the right amount or percentage of stocks to keep in the deferred account. The current percentages of my total portfolio are: 60% TSP 22% taxable a...
by cruisefan
Sat Apr 06, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: I need to get this house appraised, correct?
Replies: 2
Views: 434

Re: I need to get this house appraised, correct?

I'm getting a recently-deceased relative's home ready for sale. They transferred title into their revocable living trust back in October. But died earlier this year, so I got a new TIN for the (now irrevocable) trust. Don't I need to get an appraisal for the home as of their date-of-death to know t...
by cruisefan
Sun Feb 10, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Did I forget to file 8606?
Replies: 8
Views: 1873

Re: Did I forget to file 8606?

Duckie wrote:
Sun Feb 10, 2019 6:22 pm
You've got it right.
Thank you. The way you explained it made it easy to follow
by cruisefan
Sun Feb 10, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Did I forget to file 8606?
Replies: 8
Views: 1873

Re: Did I forget to file 8606?

I hope it's ok if I ask for a check of my 8606 in this thread instead of starting a new one. I have been looking for info on contributions done for a previous year with the conversion done in the current year. This thread has the answers I need although there are a few differences (years 2018/2019, ...
by cruisefan
Sat Feb 02, 2019 5:23 pm
Forum: Personal Investments
Topic: My TSP plus inherited IRA 3 Years to go
Replies: 12
Views: 1163

Asset location help with TSP G-Fund and Inherited IRA

[Thread merged into here, see below. --admin LadyGeek] Hello all, I'm looking for some more guidance on my asset location.I have been a little hesitant on pulling the trigger since a post I made in September. I have a general understanding from the wiki but I'm not sure of one thing. As in my title...
by cruisefan
Sun Oct 21, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Problem opening testamentary trust account at Ally
Replies: 14
Views: 884

Re: Problem opening testamentary trust account at Ally

Why be locked in on Ally? Perhaps they’re solid, but I have seen instances where they are less than stellar in their performance. You seem to be having some difficulty now. Why not walk down to your local bank and work with a live person and get this accomplished? I also noticed you said you applie...
by cruisefan
Sun Oct 21, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Problem opening testamentary trust account at Ally
Replies: 14
Views: 884

Re: Problem opening testamentary trust account at Ally

Ally can open an account for a testamentary trust; I have done it, and the account has been operating perfectly fine. Obviously, there is no trust document other than the will that creates the trust upon the decedent's death. You need to speak with someone at Ally who knows what they are talking ab...
by cruisefan
Sun Oct 21, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Problem opening testamentary trust account at Ally
Replies: 14
Views: 884

Re: Problem opening testamentary trust account at Ally

Ally has detailed instructions on how to open a trust account : https://www.ally.com/learn/trust-account/ I saw that page previously. It mentions testamentary trust and also wants signature of the grantor on formal trust documents. That's the problem. The grantor died in February. I can't get his s...
by cruisefan
Sun Oct 21, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Problem opening testamentary trust account at Ally
Replies: 14
Views: 884

Re: Problem opening trust account at Ally

You need to go through the Probate process, and then actually create the trust. Once that's done, then you fund it. I did go through probate. The estate is almost closed with all the money already having been distributed. No one in the court house, or my attorney or cpa ever mentioned there was any...
by cruisefan
Sun Oct 21, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Problem opening testamentary trust account at Ally
Replies: 14
Views: 884

Re: Problem opening trust account at Ally

Op here. I don't know what else I need to do to open the trust. I thought the will was the trust when it's testamentary. I created an account at M@T Bank no problem but realized Ally would better serve my needs. I did file with the IRS to get an EIN
by cruisefan
Sun Oct 21, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Problem opening testamentary trust account at Ally
Replies: 14
Views: 884

Problem opening testamentary trust account at Ally

I applied for a trust account at Ally. This is a testamentary trust that is for my father's grandson (my nephew). My father passed in February. I do have an EIN for the trust. I attached the full will and my surrogate certificate to the application . Ally called and left me a message to call back. I...
by cruisefan
Sun Oct 14, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: House co-owners, separate wills with nolo willmaker
Replies: 3
Views: 369

House co-owners, separate wills with nolo willmaker

Hello, My girlfriend of 35 years and I co-own a house 50/50. Everything else we own separately in individual accounts. We have no children I just purchased willmaker assuming it would be easy to do wills. She would be my executor with my nephew as secondary. I would be her executor with her brother ...
by cruisefan
Thu Sep 20, 2018 8:00 pm
Forum: Personal Investments
Topic: Trust Under Will (TUW)
Replies: 6
Views: 633

Re: Trust Under Will (TUW)

I’ve never seen a date in the title of a testamentary trust. A will speaks as of date of death and the date of the will is never used. If you are asked for date of the trust you could use date of death or date of initial funding of the trust. Correct title in my experience is “John Doe as trustee u...
by cruisefan
Thu Sep 20, 2018 7:02 pm
Forum: Personal Investments
Topic: Trust Under Will (TUW)
Replies: 6
Views: 633

Re: Trust Under Will (TUW)

- Being a trustee has risk. You are responsible to the beneficiaries for the manner in which the funds are invested and disbursed. The standards for trustees are not necessarily the same as individual investors. This may be a non-issue for you dependent on trust size and family relationship. - Make...
by cruisefan
Wed Sep 19, 2018 6:08 am
Forum: Personal Investments
Topic: Trust Under Will (TUW)
Replies: 6
Views: 633

Trust Under Will (TUW)

Hello everyone. Some guidance here would be appreciated. My father passed away in February. His will created a trust for his grandson (my nephew). He is 19 now and the trust lasts until age 25. I am the executor of the will and the trustee of the trust. The estate attorney who created the will told ...
by cruisefan
Sun Sep 09, 2018 1:35 pm
Forum: Personal Investments
Topic: My TSP plus inherited IRA 3 Years to go
Replies: 12
Views: 1163

Re: My TSP plus inherited IRA 3 Years to go

You have a lot of cash so I would take a hard look at paying off your mortgage which would still leave you with $600K I will strongly consider this in about 2 or 3 years. We are going to downsize into a "community" sometime after I turn 55 and I should only have $50,000 to $75,000 balance due to ha...
by cruisefan
Tue Sep 04, 2018 10:08 pm
Forum: Personal Investments
Topic: My TSP plus inherited IRA 3 Years to go
Replies: 12
Views: 1163

Re: My TSP plus inherited IRA 3 Years to go

Welcome to the forum! One point you might have missed. You live in NJ, which does not allow a deduction for contributions to the TSP, nor to an IRA unless it was rolled from a 401(k). Therefore, you need to find out how much your father contributed to both accounts; this fraction of your TSP and IR...
by cruisefan
Tue Sep 04, 2018 7:14 pm
Forum: Personal Investments
Topic: My TSP plus inherited IRA 3 Years to go
Replies: 12
Views: 1163

Re: My TSP plus inherited IRA 3 Years to go

To be blunt, you are making a fundamental mistake in making your goal to replace 100% of your salary in retirement income. Even if you weren’t saving a penny, you are paying about 8% of your salary in payroll taxes. That is about $5,800 in expenses that you will not have once you retire. But you ar...
by cruisefan
Mon Sep 03, 2018 5:38 pm
Forum: Personal Investments
Topic: My TSP plus inherited IRA 3 Years to go
Replies: 12
Views: 1163

My TSP plus inherited IRA 3 Years to go

Hello everyone. Hoping for a little guidance. I found this site in February this year. My dad passed away and I was the executor and a beneficiary. In going through his paperwork I realized he was paying over $3000 per year to an advisor with Ameriprise for an IRA and taxable account that totaled ab...