Search found 99 matches

by johnnyc321
Tue Feb 26, 2019 10:17 pm
Forum: Personal Investments
Topic: Problem Rolling Traditional IRA into 401k - Fidelity
Replies: 7
Views: 761

Re: Problem Rolling Traditional IRA into 401k - Fidelity

My rollover to the Fidelity traditional IRA was completed yesterday. I called today to initiate the rollover into the 401k and was told that because the IRA is comprised of funds from various sources (an old 401k, a small amount from a SIMPLE IRA, and traditional IRA contributions - all pre-tax), I...
by johnnyc321
Tue Feb 26, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: How long should a bodily injury claim take to settle?
Replies: 62
Views: 3559

Re: How long should a bodily injury claim take to settle?

My wife was injured when she was rear ended during a rainstorm in November of 2017. The other parties insurance company accepted responsibility and paid to repair our car. She underwent treatment for many months. We have repeatedly requested settlement from the insurance company but have yet to see...
by johnnyc321
Tue Feb 26, 2019 9:15 pm
Forum: Personal Investments
Topic: Problem Rolling Traditional IRA into 401k - Fidelity
Replies: 7
Views: 761

Problem Rolling Traditional IRA into 401k - Fidelity

I recently changed employers and our 401k is with Fidelity with low fees and a good fund selection. When I first set up the account in early January, I spoke to a rep and discussed rolling my traditional IRA into the 401k so that I can do backdoor roths and avoid the pro-rata rule. That rep then adv...
by johnnyc321
Sat Feb 09, 2019 4:31 pm
Forum: Personal Investments
Topic: Is my bank not applying the correct amount to the principal?
Replies: 18
Views: 1635

Re: Is my bank not applying the correct amount to the principal?

You should be able to send your lender a "qualified written request" under RESPA and ask them to show your payment history and the application of your payments to principal, interest, and escrow. Your statement may have a separate address on it for inquiries. Look for "RESPA inquiries...
by johnnyc321
Tue Feb 05, 2019 9:19 pm
Forum: Personal Consumer Issues
Topic: Trust vs. Will vs. Estate Planing
Replies: 5
Views: 574

Re: Trust vs. Will vs. Estate Planing

1) What happens to all the assets I own , why I'm no longer there. Does law and these financial institutions transfer everything to my spouse name ? The 401k defaults to the spouse. Nothing else automatically passes to your spouse without either being jointly titled or with a beneficiary designation.
by johnnyc321
Mon Feb 04, 2019 10:40 pm
Forum: Personal Consumer Issues
Topic: How exactly are eligible deaths determined for term life insurance
Replies: 27
Views: 1953

Re: How exactly are eligible deaths determined for term life insurance

Term life is is rarely not paid. If you are murdered by your beneficiary, the beneficiary is simply considered to have predeceased you. So your contingent beneficiary gets the proceeds. If you put non-smoker on your application and your death certificate says smoker, then maybe then they would try t...
by johnnyc321
Fri Oct 12, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: Simplisafe Home Security System
Replies: 55
Views: 9733

Re: Simplisafe Home Security System

One problem with the old SimpliSafe system is that the code is transmitted in unencrypted text from the keypad to the base station so a sophisticated burglar could capture the code. Some make a huge deal out of this but I am mostly concerned with drug addicts breaking into my home when I am at work....
by johnnyc321
Mon Sep 17, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Provding SSN for Estate Planning--Why?
Replies: 23
Views: 2435

Re: Provding SSN for Estate Planning--Why?

You do know that your lawyer has a duty to keep everything you provide them confidential, right? The lawyer also has a fiduciary duty to you. So if there is anyone you should feel comfortable giving your SSN too, it's your lawyer.
by johnnyc321
Fri Sep 14, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Modify trust after buying additional term life?
Replies: 10
Views: 562

Re: Modify trust after buying additional term life?

In Florida, it is generally a bad idea to name your estate as the beneficiary of non-probate assets. First of all, this will require a probate. Second, this will subject the proceeds to your creditors. I also do not like trusts created under wills because they are not created without admitting the w...
by johnnyc321
Sat Sep 08, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 11484

Re: Can Sneakers go with Business Casual?

Is your name Mark Zuckerberg or Steve Jobs? if not, then no.
by johnnyc321
Mon Sep 03, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Life Annuities and qualifying for Medicaid?
Replies: 3
Views: 369

Re: Life Annuities and qualifying for Medicaid?

Medicaid qualification is very state specific and technical. If this is something you are seriously considering attempting to qualify for, you should talk to an elder law attorney who specializes in it. Some annuities are not counted but others may be. In most cases, income must be very low or you w...
by johnnyc321
Thu Apr 12, 2018 4:15 am
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Super Heavy Handed Pitch
Replies: 101
Views: 9827

Re: Owners Title Insurance - Super Heavy Handed Pitch

Buy the insurance. I'm a lawyer and even though I do not concentrate my practice on real estate, I've seen quite a few title insurance claims. I've also been hired twice in the last year by title insurance companies to defend these cases. Every single one of them was due to an error that occurred du...
by johnnyc321
Fri Mar 23, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Power of attorney for a particular asset that supersedes power of attorney listed in will
Replies: 86
Views: 5617

Re: Power of attorney for a particular asset that supersedes power of attorney listed in will

rcarnes1 makes a good point. Most financial institutions require their own power of attorney form to be executed and approved. A general power of attorney COULD be forced to work in a dire situation, and is still an important document to have. But if you have specific accounts with good odds of req...
by johnnyc321
Tue Dec 12, 2017 9:22 pm
Forum: Personal Consumer Issues
Topic: Cheap tablet just for internet surfing
Replies: 46
Views: 6145

Re: Cheap tablet just for internet surfing

Keep in mind that YouTube and other Google services will no longer be accessible on Amazon devices starting January 1st.
by johnnyc321
Tue Dec 12, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 8979

Re: State Farm Insurance, Time to Leave

Can never figure out why people are loyal to insurance companies. They won't be loyal to you when have a claim. I'm learning that now with our home insurance and damage from Hurricane Irma.
by johnnyc321
Tue Dec 12, 2017 9:13 pm
Forum: Personal Consumer Issues
Topic: Progressive Insurance
Replies: 22
Views: 2504

Re: Progressive Insurance

Have Progressive now. Just paid $659.00 for a 6 month 250k/500k policy covering both me and my wife and both of our cars. I'd have a hard time finding a cheaper policy at similar coverage elsewhere. With that said, we tend to switch every year to whatever is cheaper. Tend to go back and forth betwee...
by johnnyc321
Sun Nov 26, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: Trip to Hawaii - what do I need to know
Replies: 54
Views: 7819

Re: Trip to Hawaii - what do I need to know

You need a Jeep at any of the islands. If you go to the Big Island, drive all the way to the top of Mauna Kea. Just be aware of altitude sickness that will make you very tired.
by johnnyc321
Sat Nov 25, 2017 11:58 pm
Forum: Personal Consumer Issues
Topic: Trip to Hawaii - what do I need to know
Replies: 54
Views: 7819

Re: Trip to Hawaii - what do I need to know

The Road to Hana on Maui is great. We rented a Jeep and drove around the entire island (back side of Haleakala) instead of turning around and going back. The locals say you aren't supposed to but we did it anyway and it was one of the most memorable parts of our trip.
by johnnyc321
Thu Oct 19, 2017 6:59 pm
Forum: Personal Investments
Topic: Need help with Trust
Replies: 8
Views: 838

Re: Need help with Trust

You should see a lawyer who specializes in estate planning and administration of estates/trusts. Don't go to a general practitioner.
by johnnyc321
Wed Aug 23, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to get power of attorney
Replies: 15
Views: 2299

Re: How to get power of attorney

Be aware that some institutions will not accept any PoA document other than their own. Vanguard is one of these, unfortunately (despite a several year old statute in Pennsylvania requiring business in PA to accept *any* valid PoA document). This can be especially unfortunate for someone who has a D...
by johnnyc321
Tue Aug 08, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Twins on the way = Life insurance questions
Replies: 22
Views: 1849

Re: Twins on the way = Life insurance questions

Congrats. My wife and I also just found out a few weeks ago that we are having twins.
by johnnyc321
Sat Jul 22, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: What if mother uses daughter's Special Needs Trust for herself?
Replies: 23
Views: 2747

Re: What if mother uses daughter's Special Needs Trust for herself?

Where did the assets in the special needs trust come from? If from Sister 2, I question why it was needed in the first place. Estate tax planning won't work if Sister 2 is the trustee and grantor. Probably set up so disabled child is eligible for some government aid/programs. OP I suppose sister 1 ...
by johnnyc321
Sat Jul 22, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: What if mother uses daughter's Special Needs Trust for herself?
Replies: 23
Views: 2747

Re: What if mother uses daughter's Special Needs Trust for herself?

Where did the assets in the special needs trust come from? If from Sister 2, I question why it was needed in the first place. Estate tax planning won't work if Sister 2 is the trustee and grantor.
by johnnyc321
Wed Jul 19, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Buying a House in Foreclosure?
Replies: 13
Views: 2270

Re: Buying a House in Foreclosure?

They can be good deals but it will be worth your money to pay an attorney to review the court file and to do a title search. Basically, if you are purchasing the home as a short sale and you obtain title insurance, you should be fine. But if you are buying it through the auction, there are a number ...
by johnnyc321
Tue Jul 11, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Keeping Pre-Marital Property Separate
Replies: 22
Views: 3500

Re: Keeping Pre-Marital Property Separate

You can keep it separate but the appreciation (at least in my state) will become a marital asset. If you care enough, see a lawyer for a post-nup.
by johnnyc321
Mon Jul 10, 2017 8:44 am
Forum: Personal Consumer Issues
Topic: how to destroy hard disk with personal info
Replies: 99
Views: 12823

Re: how to destroy hard disk with personal info

I would make some realistic assessment of the risk. If you do nothing at all to a hard drive in a working computer and you bring it into a repair shop, obviously if they have free time and are curious obviously there is a chance they might peek to see if you have anything entertaining on the drive....
by johnnyc321
Tue Jun 27, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly Relative Reluctant to give POA
Replies: 30
Views: 3525

Re: Elderly Relative Reluctant to give POA

To his doctor he appears to have a good mind yet, so Power of Attorney has not been authorized so far. Without Power of Attorney assigned (though it's in the plan), what should the younger relative to do with the checks in the meantime? You have to have capacity in order to sign a power of attorney...
by johnnyc321
Tue Jun 27, 2017 7:54 pm
Forum: Personal Investments
Topic: Funding Trusts
Replies: 7
Views: 1129

Re: Funding Trusts

The 401k does not get transferred to the trust.
by johnnyc321
Sun Jun 11, 2017 8:43 am
Forum: Personal Investments
Topic: Joint bank account w/parent or not?
Replies: 29
Views: 5294

Re: Joint bank account w/parent or not?

Joint accounts are subject to the creditors of each owner.

I recommend using a durable power of attorney with a TOD/POD designation.
by johnnyc321
Wed May 24, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 10156

Re: Lawyers charging for asking about fees

We do not bill for time reviewing and generating the initial bill but when a client does not pay and we write letters and there is back and forth about it, we may bill for that time depending on the relationship with the client.
by johnnyc321
Mon May 22, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: What goes in your smoothie?
Replies: 45
Views: 5070

Re: What goes in your smoothie?

Banana/Peanut Butter smoothie:

1. Ice
2. 1/2 - 3/4 frozen banana
3. Almond Milk
4. Big scoop of PB Fit peanut butter powder
5. 1 Splenda packet

I just eyeball the measurements.

Tastes just like the Tropical Smoothie Peanut Paradise.
by johnnyc321
Tue May 09, 2017 12:42 pm
Forum: Personal Consumer Issues
Topic: Sunscreen for men in office environment
Replies: 25
Views: 4844

Re: Sunscreen for men in office environment

I live in FL and have had acne issues. I do my best to protect myself from the sun as much as possible and have to use sunscreen a lot. Neutrogena is my favorite. Not oily. Doesn't break my skin out.
by johnnyc321
Mon Apr 24, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 70
Views: 11412

Re: Zero-Turn Mowers

I have a garage kept John Deere mower (not a zero turn) and the paint is flaking all over it and the deck has rusted. It's only about 5 or 6 years old. I'd avoid Deere based on my experience. It does run fine but the rust issue is completely unacceptable.
by johnnyc321
Fri Apr 21, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death question
Replies: 22
Views: 3995

Re: Transfer on Death question

If all the major assets are covered by TOD, then I'm not sure what the 'Obstructionist' would have left to object to in the will. If the complaining heir has a valid claim or belief that the will is invalid and his/her share is greater as a result of winning that case, he or she would then likely h...
by johnnyc321
Fri Apr 21, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death question
Replies: 22
Views: 3995

Re: Transfer on Death question

The POA is considering a transfer on death for an relative's account. The problem is that TOD negates the will in my understanding. The intention is to set up the same beneficiaries and proportions as the will. However, one of the heirs is an obstructionist who may challenge the will, and there is ...
by johnnyc321
Wed Apr 19, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Bill received after Estate is closed
Replies: 57
Views: 9625

Re: Bill received after Estate is closed

OP: Attorney's have a professional responsibility (ethics requirement that is delineated by the bar) to have a written contract. Failure to have that contract in place exposes them to disciplinary sanctions if you care to file a written complaint with your state's disciplinary counsel (Google for m...
by johnnyc321
Fri Apr 14, 2017 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 6793

Re: Will - what is complicated?

The cost required to obtain expert advice from a T&E lawyer for a "normal" estate plan is relatively very small in comparison to the client's estate. And unless you are atypical, you won't do major updates more often than every 5 years. I can guarantee the cost is less than most of the...
by johnnyc321
Thu Apr 13, 2017 11:38 am
Forum: Personal Investments
Topic: Vanguard is requesting a certified power of attorney
Replies: 7
Views: 2571

Re: Vanguard is requesting a certified power of attorney

They may mean the original. I'll assume the POA is properly executed since you mentioned an attorney was involved. Here in Florida we do not have certified POAs. And our statute states that a copy is the same as the original unless the POA says otherwise. But we needed a "certified copy" l...
by johnnyc321
Thu Apr 06, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: Are Steam Washer Dryers worth the extra $$?
Replies: 12
Views: 8387

Re: Are Steam Washer Dryers worth the extra $$?

$600 more sounds like a lot for that feature because when we purchased new a w/d set last July, it seemed like most sets had it. We bought a Samsung set on sale for about ~$1,200-$1,300 for the pair during a Home Depot sale. Both have steam. My wife does the laundry and I'm willing to bet she has ne...
by johnnyc321
Mon Mar 20, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Smart Will (or how to avoid a legal morass)
Replies: 21
Views: 2129

Re: Smart Will (or how to avoid a legal morass)

I'm a trusts & estates lawyer and I believe percentages are best and most documents are (for example, "in equal shares to my then living descendants, per stirpes"). I don't like specific gifts for many reasons unless they are small dollar amounts. Also, in my state (Florida), directing...
by johnnyc321
Wed Mar 15, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: What to do with $100???
Replies: 78
Views: 8086

Re: What to do with $100???

lottery tickets
by johnnyc321
Thu Mar 02, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: Climate and happiness revisited
Replies: 111
Views: 10601

Re: Climate and happiness revisited

I live in SWFL and feel like half the year it is too hot to be outside. Winter is great though.
by johnnyc321
Mon Feb 27, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: Do you clear your inbox?
Replies: 49
Views: 5568

Re: Do you clear your inbox?

Email to me is a database. I keep everything but mailing list stuff.
by johnnyc321
Wed Feb 01, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Spendthrift Daughter
Replies: 44
Views: 5429

Re: Spendthrift Daughter

For spendthrifts we usually make an independent third party the trustee with absolute discretion or provide for only yearly unitrust (set percentage) payments. Or a combination of both.
by johnnyc321
Mon Jan 23, 2017 4:34 pm
Forum: Personal Consumer Issues
Topic: Roto-molded cooler suggestions, like Yeti
Replies: 20
Views: 3314

Re: Roto-molded cooler suggestions, like Yeti

RTIC had a 15% sale on everything for about 6-8 weeks that just ended last week. I would buy an RTIC if I was in the market. We have a Yeti for our boat and we have not been impressed. Definitely not worth twice the price of an RTIC. I also have a Coleman Xtreme that works just as well as the Yeti f...
by johnnyc321
Sun Jan 22, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your credit reports annually?
Replies: 48
Views: 4359

Re: Do you check your credit reports annually?

In 2015, I discovered that Equifax was reporting 25 of my deceased father's accounts as mine. (I am a Jr.) Many of them were delinquent and some were accounts opened before my birth or reporting as owner deceased. I wrote a demand letter to Equifax and to my surprise, they deleted all the incorrect ...
by johnnyc321
Sun Jan 22, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Major Car Rental Issue
Replies: 19
Views: 2824

Re: Major Car Rental Issue

Close your credit card before it is charged or call your card company to ask for a new number so it is declined if Hertz attempts to charge it.
by johnnyc321
Wed Jan 11, 2017 10:32 pm
Forum: Personal Consumer Issues
Topic: Miami -Florida Keys visit - Late January- Suggestions
Replies: 29
Views: 2876

Re: Miami -Florida Keys visit - Late January- Suggestions

I don't like Miami Beach so I will keep my opinion on that to myself other than saying I agree that a car all week isn't necessary and will probably cost you $40 a night to park it at your hotel. I have spent a lot of time in the Keys. I recommend at least one night and a full day in Key West if you...
by johnnyc321
Wed Jan 04, 2017 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance payout legal language
Replies: 7
Views: 2621

Re: Insurance payout legal language

Insurance law is very technical and insurance companies are experts at paying as little as possible. It can't hurt to pay a lawyer for an hour or two of time to review the facts and the proposed agreement. Your relative could be missing something huge and getting a bad deal. With that said, if the r...