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Matahari

Japanfan1986 wrote: ↑Sat Feb 20, 2021 10:07 pm Anyone have any recommendations for good dramas/protagonists driven stories that deal with money as an important element in someway?

Arbitrage (2012) directed by Nicholas Jarecki and starring Richard Gere, Susan Sarandon and Tim Roth, among others.

Matahari

The Salisbury Poisonings at AMC: https://www.amc.com/shows/the-salisbury-poisonings--47636 What a incredibly frightening situation, of which I have only a vague recollection of news reports at the time. The city health and safety manager played by Anne Marie Duff is a incredible and dedicated public...

Matahari

Great question and great suggestions. I have my next year's reading list! For me, there are just too many to choose from so I'll go with the best book I read in 2020 and that was Educated . Educated by Tara Westover. Agreed. Truly an incredible story and if only more would have the wherewithal to a...

Matahari

I just rewatched Whale Rider (2002) on Kanopy.com. I first saw the film in the theater and then watched the film again about 10 years ago with my then teen-aged child, who was simply entranced by the story of the Maori girl who aspired to lead her community. https://www.kanopy.com/product/whale-rider

Matahari

In the last several years the most stimulating non-fiction work I have read is The Fifth Risk , which is both Michael Lewis's most ambitious and most important book IMO. BobK It's my understanding that Netflix has optioned the book for an upcoming series. I read parts of this book with great intere...

Matahari

Whatever you do, you need to make sure that your spouse is on board. Whatever you do, do not let your mother know the full extent of your financial assets, lest there be some expectations regarding the level of financial assistance you can "afford." What you choose to give your mother is w...

Matahari

My wife’s father died. She is the only heir. He was a disabled Korean War veteran. The Veteran’s Administration took good care of him at home. Two-years ago the VA gave him a high-end electric wheelchair. The VA said they don’t want it back. Another Korean War veteran, who the father knows, has ask...

Matahari

We watched the first episode of "Resident Alien" on SyFy based on reviews and our love of Alan Tudyk's work. It is a dark sci-fi comedy. Tudyk is great and hilarious, as expected, and we are looking forward to subsequent episodes, of which 3 are currently available. (It's hard to go back t...

Matahari

When we were designing and building, we considered one of these Endless Pools, but did not go far enough along to have priced it out fully. Also, it would have been 18+ years ago, so the information would be long outdated. https://www.endlesspools.com/ We ended up doing an outdoor pool, with Pebble ...

Matahari

3. I had Bank of America (BoA) transfer a low six digit amount via ACH to Fidelity. It arrived 1/21. Not only can I not trade with it, but I can’t even transfer the money to our brokerage accounts at Fidelity. The CSR told me that it was being held because it was “such a large amount” but that I co...

Matahari

Thanks a lot again. I have been claiming our son as my dependent, and like you rightly guessed, he is also claiming himself as my dependent on his tax return. These calculations are going above my head :-) Trying to figure out what's the best route... Helping our children with our own hard earned m...

Matahari

"Sylvie's Love" on Amazon Prime. Imagine a Douglas Sirk film except with Black leads, something that was not feasible during the era those films were being made. Great music and jazz. If interested in more information, here's a review in the NYT, where it's a Critic's Pick: https://www.nyt...

Matahari

Yes. I retired from a paying job several years ago but have been primarily responsible for managing family finances and investments, in addition to shepherding our young adult child and helping out elderly parents and other family, as needed. My husband continues to work at a very hard pace. In addi...

Matahari

"Unorthodox" -- 4 episode miniseries on Netflix. Amazing work by the lead actress, a young Israeli actress named Shira Haas. https://www.netflix.com/title/81019069 Based on a memoir Deborah Feldman, who herself fled her ultra-Orthodox life. If you liked it, I recommend Shtisel , same actr...

Matahari

"Unorthodox" -- 4 episode miniseries on Netflix.

Amazing work by the lead actress, a young Israeli actress named Shira Haas.
https://www.netflix.com/title/81019069
Based on a memoir Deborah Feldman, who herself fled her ultra-Orthodox life.

Matahari

Let Them All Talk 2020 Starring Meryl Streep, Candice Bergen and Dianne Wiest Only slightly formulaic as most American movies are, this is a nice change up...older women plumbing the depths of life in the later decades along with regrets and redemption? with big helpings of literary fun and beacoup...

Matahari

Assuming you are joining a partnership of professionals (no time to read thru your other postings), will you be incorporating as a professional corporation or professional association as a partner? If considering whether to do so, you should investigate the legal advantages, such as to avoid joint a...

Matahari

I haven't gone thru all the posts but those who seek an alternative to the commercial streaming services should check with their libraries to see if they offer free streaming. Typically the service is metered (X views per month) but if both spouses have library cards, you can double your monthly vie...

Matahari

This is neither a pro nor a con, but a wealthy relative of ours gifts enough to their children so that the kids can contribute the maximum to their Roth plans at work (~$19,500 per year I believe) so that their kids can load up their Roth accounts without concern about paying their bills. The notio...

Matahari

I have personal experience with this situation. It can be good or it can be bad. My brother and I both inherited a six-figure amount in our late 20's. It wasn't my parents' plan from the outset, it was due to a divorce situation. For me, it was a tremendous help. I paid for grad school and invested...

Matahari

This is neither a pro nor a con, but a wealthy relative of ours gifts enough to their children so that the kids can contribute the maximum to their Roth plans at work (~$19,500 per year I believe) so that their kids can load up their Roth accounts without concern about paying their bills. The notion...

Matahari

Uncorked (2020) on Netflix -- about a young man who aspires to be a master sommelier. I had no idea that this is a designation and what goes into the training and certification to become one. The lead actor, Mamoudou Athie, is excellent, as is Courtney B. Vance. (Another film starring Athie is "...

Matahari

Having recently done financial housekeeping and figured out that we have spent quite a great deal on our housing over the past ~20 years, I would prefer to have the luxury of adapting our housing to our needs as they evolve now that we are getting older. When we were younger and raising a young chil...

Matahari

Another vote for gift cards. Cash just looks tacky. Teachers are called upon to do so much and often purchase supplies out of pocket. Any help in that direction would be a plus for your child(ren)'s education. "Cash" gift cards that can be used at any vendor would be a good alternative to ...

Matahari

Hi all - thank you for so many responses. I don't understand "step up" along with some of the tax items to consider and will re-review and research this advice later this evening. Here is some basic reading on "step-in in basis": https://www.investopedia.com/terms/s/stepupinbasi...

Matahari

My condolences to you and your family on your loss. Following up on the information about the step-up in basis for your mother's inherited securities, here's the general rule: IRC section 1014(b)(6) provides that community property assets step up 100% in basis at the death of one spouse (even though...

Matahari

What professionals would you use to set up and trust with doing bill pay, taxes, etc. if you should become incapacitated and without trusted and/or available relatives /friends? Is it the (non-solo) practice with estate attorney and CPA/accountant? I know some set up with a bank's financial arm to ...

Matahari

Use this schedule. https://advisors.vanguard.com/iwe/pdf/taxcenter/FADECDIV.pdf Thanks for the link. I do look that up each year to know when to resume. Now I'm confused. If you already use this schedule, why did you ask your question? Not sure why you persist in your questioning? But my question o...

Matahari

Use this schedule. https://advisors.vanguard.com/iwe/pdf/taxcenter/FADECDIV.pdf Thanks for the link. I do look that up each year to know when to resume. Now I'm confused. If you already use this schedule, why did you ask your question? Not sure why you persist in your questioning? But my question o...

Matahari

Hello, ye wise ones! Here's the situation. Dear MIL passed away with financial assets/securities valued at about 500K. Both her sons, named as heirs in her will, are financially secure and do not need any inheritance. One son has no children, the other has two children. Brothers have agreed to both...

Matahari

For index funds paying quarterly dividends, the gain is trivial, and you lose any benefit if you wait more than a week. Typically, the dividend is about 0.5%, and is mostly qualified, so the tax cost is 0.08%. If your mutual fund outperforms cash by 5.2% annually, you lose 0.10% by waiting a week (...

Matahari

UpperNwGuy wrote: ↑Wed Nov 18, 2020 9:34 pm Use this schedule.

https://advisors.vanguard.com/iwe/pdf/t ... DECDIV.pdf

Thanks for the link. I do look that up each year to know when to resume.

Matahari

retired@50 wrote: ↑Wed Nov 18, 2020 9:00 pm
Matahari wrote: ↑Wed Nov 18, 2020 8:00 pm I am actually hoping to time the buy with any potential dip in the S&P 500 index that might, unfortunately, occur in upcoming days.
Do you know something we don't?

Regards,

No, it is just my own individual thinking.

Matahari

I would be unconcerned about buying the dividend, but if you are, then buy after the dividend is paid which leaves at least a couple of week in late December to contribute to the fund. I think the buying the dividend warning applies to actively-managed mutual funds that may distribute large dividen...

Matahari

I recently contacted a few local estate attorneys in CA because I was interested in more advanced estate planning such as SLATs or DAPTs or IDGT or GRATs etc. Two of them told me that they did not do that kind of work but they strongly suggested that I do Basic estate planning first. This involved ...

Matahari

Fellow Bogleheads, I have a significant sum (high 5 figures) that I'd like to invest into my Vanguard 500 Index (VFIAX) taxable account; this would not be a new investment, but is part of periodic additional investments. But because we are nearing December year-end distribution dates, is it too clos...

Matahari

If the IRS actually were to insist that the adult child were a dependent of the parents, the parents taxes would, if anything, go down, not up. The child's taxes would go up from loss of standard deduction and the use of a tax rate schedule with higher rates. Even if a child were to be classified a...

Matahari

I am concerned about any potential tax audit/liability exposure for her, and for my husband and me as her parents, resulting from a change to "non-Kiddie Tax" status for 2020. She has filed tax returns since 2014. Is this type change -- essentially a change in a taxpayer's (her) tax rate ...

Matahari

The IRS has a form https://apps.irs.gov/app/vita/content/globalmedia/teacher/worksheet_for_determining_support_4012.pdf which they encourage taxpayers to use to document the "support" issue. The calculation of an individual "support" amount can be complex. The thing that seems m...

Matahari

We are in the process of doing some estate planning which has me thinking about record keeping. I remember back before online account access, you kept a check register and balanced/reconciled your accounts by reviewing the statement each month. Now, all of our accounts are paperless, and I don't do...

Matahari

Fellow Bogleheads, My child will turn 24 in 2021 and definitely will not be subject to Kiddie Tax in 2021. However, as a result of various circumstances and an increase in W-2 Earned Income, she is arguably no longer subject to kiddie tax in 2020 under the "support" test -- meaning that he...

Matahari

Couple in mid-30's with a one year old child. We're working with an estate planning attorney and am not sure who to pick as executor and co-trustee/successor trustee. We don't have any family that are particularly savvy with finances and taxes. The guardian will be a cousin who lives in another sta...

Matahari

I was browsing the last few pages of this tread for ideas.... We recently watched "Black Box" (2020) on Amazon Prime. The work by the lead actor, Mamoudou Athie, is fantastic. The movie is not a horror film; it's more in the nature of a sci-fi thriller. Also watched "The Vast of Night...

Matahari

Hello fellow Bogleheads, I'm helping my kiddo with Form 8615 (Tax for Certain Children Who Have Unearned Income) and one line from the Form 8615 Instructions has me stumped. I'm looking at Page 3 of the Instructions relating to Form 8615, Part II, Line 7. Kiddo uses the Qualified Dividends and Capit...

Matahari

Parents who prefer to hold their financial information close to their vest should consider, at least, having this conversation with their adult children so that their children can plan for their own retirement and children's college expenses without this added concern. I have assured my daughters t...

Matahari

I am in communication with cousins who are "interested" in their parents' financial condition because the cousins want to be prepared in the event that they need to step in and help with assisted living, long-term nursing care or final expenses. These cousins are younger and are still savi...

Matahari

If you live in a community-property state, community property gets a full step-up in basis for the surviving spouse. If you do live in a community-property state, you may wish to review your decision with regard to this particular issue, separate from the matter of designating beneficiaries, in case...

Matahari

Now. Cognitive decline and dementia starting in your 70s is not uncommon. At some point, it can be valuable to have a second set of eyes on your finances. I agree with this, especially for those whose spouses are not heavily involved. Normally one's spouse would be the co-pilot, but that is not alw...

Matahari

OP, yes. But not in the monetary sense. When the occasion arose, it prompted me to learn in earnest the estate tax system so that I could make better plans for ourselves. Also, I saw firsthand what an ungodly mess of records and possessions people can leave behind for their survivors to clean out. T...

Matahari

OP, We built a large (5600 sq. ft) house (4 BR, 5 BA + office + 3 living spaces + media room) 15+ years ago to provide ample office space, large bedroom + bath for our child while growing up, space for family and social gatherings, and anticipating the potential need to house elderly parents in thei...

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