Search found 261 matches

by MrsBDG
Mon Apr 12, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Anxiety about the future
Replies: 57
Views: 6389

Re: Anxiety about the future

I know a great counselor who works with physicians across the country, I PMed you; anyone else interested in the contact info PM me. If you are familiar with Pamela Wible, the MD with a passion for preventing physician suicide, this is a counselor she recommends to aide in physician anxiety.
by MrsBDG
Mon Apr 12, 2021 9:13 am
Forum: Personal Finance (Not Investing)
Topic: T-mobile Money
Replies: 28
Views: 3646

Re: T-mobile Money

I know there is a limit of $3k for the 4% and 1% on the rest, but has anyone seen an upper limit on the 1% amount? Seems like it might still be a good place to move emergency cash, even with the changes to the 4% qualifications.
by MrsBDG
Sat Apr 10, 2021 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Contract with Family Member for Grandfather’s Care?
Replies: 17
Views: 1727

Re: Contract with Family Member for Grandfather’s Care?

What about your Aunt's diminished SS contributions? 401K & IRA contributions? Employer share? Health & disability insurance? We did a similar arrangement for one of my parents, they lived with one of their children, the one who made sense, for about a decade. That was a huge imposition, but ...
by MrsBDG
Sun Apr 04, 2021 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Snowbirds - mail and bills
Replies: 42
Views: 4292

Re: Snowbirds - mail and bills

We'd been using USPS forwarding over the last ~15 years, but a few years ago it just became a nightmare, returned mail that reforwarded, lost mail etc. My husband does not love the lack of control of autopay, but I love it. We actually have a trusted neighbor who checks our box a few times a week an...
by MrsBDG
Sun Apr 04, 2021 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: A true zero wire transfer fee option
Replies: 22
Views: 1855

Re: A true zero wire transfer fee option

USAA does free wires with a certain amount in investments, which, I guess, now means at Schwab? What frosted my cookies was the income wire fees at the receiving bank.
by MrsBDG
Sun Apr 04, 2021 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Which life insurance to get? Work vs. personal policy
Replies: 34
Views: 2276

Re: Which life insurance to get? Work vs. personal policy

Contact term4sale.com, you'll be connected with three agents in your ZIP code; talk to them all, verify they are experienced with sleep apnea & with shopping cases in general. If you have a copy of your sleep study, see if they will submit it to a few underwriters to find the best company for yo...
by MrsBDG
Tue Mar 30, 2021 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Did you review your closing documents ahead of closing?
Replies: 31
Views: 2147

Re: Did you review your closing documents ahead of closing?

Some lenders/escrow agents are less prepared than others to provide early access to the documents, but I always ask for them and, whenever I get them, I read everything, My kid recently bought their first home and felt pressured about "just signing" and I reminded them, read everything, ju...
by MrsBDG
Tue Mar 30, 2021 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Which State is counted for In State tuition?
Replies: 55
Views: 2868

Re: Which State is counted for In State tuition?

We all live in TX, kid starts college with in-state tuition. All good. What happens if we then retire and move out of state while she's still going to school in TX? Does she retain her in-state status based on when she first enrolled or can it change if her permanent address changes to out of state...
by MrsBDG
Mon Mar 29, 2021 9:54 am
Forum: Personal Consumer Issues
Topic: Curious about negative expat experiences -- why don't more people do it?
Replies: 111
Views: 10643

Re: Curious about negative expat experiences -- why don't more people do it?

I think it takes a certain kind of person to pursue the unusual, in the area I grew up, people would have felt that the world should want to come to this fantastic place. Why would they want to leave? I, later, came to know many who did the expat thing and being away from extended family would be th...
by MrsBDG
Fri Mar 26, 2021 10:20 am
Forum: Personal Finance (Not Investing)
Topic: JTWRS Problems - what are my options?
Replies: 136
Views: 10480

Re: JTWRS Nightmare - what are my options?

As Trigger08 said, if AMG is sending you a book of blank checks to draw on the money market fund, write yourself a check for $50 and deposit it to your bank account, via ATM, or via a phone app. Write on the back "for deposit only to xxx BANK ACCOUTN #xxxx" and see what happens. It's a sma...
by MrsBDG
Thu Mar 25, 2021 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tax implications of selling house in revocable trust after death of grantor
Replies: 13
Views: 1014

Re: Tax implications of selling house in revocable trust after death of grantor

I am neither an attorney, nor an accountant, but in my experience, the loss/gain is transferred from the trust to the beneficiary via the K1. Then it is treated in the ordinary way it would be treated on a tax return, long term or short term capital gains, carry forward, etc. Selling Mom or Dad's ho...
by MrsBDG
Thu Mar 25, 2021 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Tax implications of selling house in revocable trust after death of grantor
Replies: 13
Views: 1014

Re: Tax implications of selling house in revocable trust after death of grantor

In terms of the accounting, if the house was sold long enough after the death that it appreciated more than the costs associated with selling, there could be reasons why the trust might pay the taxes and distribute the funds with a K1 with $0 or the trust could file a return and distribute gains or ...
by MrsBDG
Thu Mar 18, 2021 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice about shopping for life insurance after father's sudden passing
Replies: 27
Views: 2230

Re: Need advice about shopping for life insurance after father's sudden passing

Check out Term4Sale.com, they will connect you with three agents in your ZIP code. Talk to all three, get recommendations, see where they differ, pick their brains.

The aforementioned info is correct, family history after age 60/65 is not going to affect your offer.
by MrsBDG
Tue Mar 16, 2021 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best loans for Med School
Replies: 8
Views: 1028

Re: Best loans for Med School

Have him start reading the White Coat Investor!
by MrsBDG
Fri Mar 12, 2021 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17574

Re: ACA subsidy cliff now going away! Yay!

Am I correct that the cliff has been eliminated for 2021 & 2022, but remains in effect for 2020?
But that the overpayment rules changed such that the apply to 2020-2022?
by MrsBDG
Fri Mar 12, 2021 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone still waiting on 2019 (paper) federal tax return in 2021?
Replies: 13
Views: 1142

Re: Anyone still waiting on 2019 (paper) federal tax return in 2021?

I filed a final return for a parent in spring 2020, in November I got a letter requesting a couple of items, immediately returned them, no refund yet.
by MrsBDG
Fri Mar 12, 2021 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Bank transfer to closed account
Replies: 4
Views: 335

Re: Bank transfer to closed account

The receiving bank did say they went back 90 days and saw no such activity, so hopefully not reassigned.
by MrsBDG
Fri Mar 12, 2021 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bank transfer to closed account
Replies: 4
Views: 335

Bank transfer to closed account

A family member was in the habit of transferring money between bank 1 and bank 2 (kid's account.) They recently made a transfer, not realizing the account had been closed & a new account opened. The sending and receiving bank both say the funds will come back to the sending bank automatically, b...
by MrsBDG
Wed Mar 10, 2021 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 407
Views: 46773

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Twenty years later (now) one step-child is sadly deceased and the other two don't speak to their step-mother at all. Their father would probably like them to have their inheritance by now, but he would also have expected them to remain pleasant to their stepmother. Needless to say, there has been a...
by MrsBDG
Wed Mar 10, 2021 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Pay off parent's mortgage?
Replies: 44
Views: 3873

Re: Pay off parent's mortgage?

Think about protecting your investment with your own lien against her house. If one sibling paid $60k and another $50k and two others nothing, now Mom has a paid off house, record a lien for each of the $50/60k to protect those two siblings who paid. This protects them if she gets married again, if ...
by MrsBDG
Tue Mar 09, 2021 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 407
Views: 46773

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Fast forward 30 years later the original inheritor passed and their surviving beneficiaries claimed the estate owed them for the difference. Luckily the executer was still alive and was able to clear the matter up. Have plenty of documentation that shows the original will and all transactions the e...
by MrsBDG
Mon Mar 08, 2021 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting LP from the '80s
Replies: 0
Views: 267

Inheriting LP from the '80s

Limited Partnerships were the hot thing in the '80s, mainly for tax losses. Inheriting a tiny share in one of these should be less horrible than inheriting a time share, simply generating tiny losses, but how would one make sure the General partner properly addressed any new basis info at the death ...
by MrsBDG
Thu Mar 04, 2021 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Trust help received K-1 but no cash
Replies: 58
Views: 14906

Re: Trust help received K-1 but no cash

I'm sorry Tarnation, for all the stress of the legal battle as well as the squandering of the fund, and for the bizarre mental state of the trustee.
by MrsBDG
Mon Mar 01, 2021 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: IRS e-pay 1041-V
Replies: 0
Views: 126

IRS e-pay 1041-V

Just wondering if anyone on the forum knows the proper access point to E pay the taxes due for a return utilizing the 1041-V; the IRS instructions specifically mention epayment, but the page for Debit/CC direct payment does not list this form. The wire transfer options do not list this form as an op...
by MrsBDG
Mon Mar 01, 2021 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Trust help received K-1 but no cash
Replies: 58
Views: 14906

Re: Trust help received K-1 but no cash

It was way longer and more expensive than I ever imagined. I would rather have had a Ferrari. OP, I am not sure if this is OK to ask, both on BH and in general, but given the trustee was also a beneficiary and assuming he/she was not distributing funds to him/herself or otherwise taking undeserved ...
by MrsBDG
Thu Feb 25, 2021 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Paying for care for Mom
Replies: 17
Views: 1781

Re: Paying for care for Mom

Figure out a rate that takes into account her current rate as a nurse minus room and board for living at mom’s.
I don't think I'd be charging for room and board if sister is giving up her home and her life to care for mom.
by MrsBDG
Wed Feb 24, 2021 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: What's the deal with USAA's delays in making 1099's available?
Replies: 18
Views: 1491

Re: What's the deal with USAA's delays in making 1099's available?

I called today, got transferred to National Financial Services and they emailed me the errant 1099, I was on the phone for over 90 minutes so have something else you can do during the wait. 800-801-9942 was the number I was provided in case I got disconnected.
by MrsBDG
Wed Feb 24, 2021 1:41 am
Forum: Personal Finance (Not Investing)
Topic: Inherited house taxed?
Replies: 18
Views: 1244

Re: Inherited house taxed?

As Gill said, generally the income would go to the beneficiaries tax return, though there are circumstances when you might choose to have the trust may the taxes before distribution. A tax professional should be able to advise you.
by MrsBDG
Sun Feb 21, 2021 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: What are the IRS-related duties of the family members managing an estate?
Replies: 29
Views: 2270

Re: What are the IRS-related duties of the family members managing an estate?

When the house went through escrow, the state in which is was sold required me to complete a form showing basis, costs of sale etc., and the net loss or gain. I am not sure the threshold for them withholding, but if I did not complete the form, the escrow company would have been required to withhold...
by MrsBDG
Sun Feb 21, 2021 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: What are the IRS-related duties of the family members managing an estate?
Replies: 29
Views: 2270

Re: What are the IRS-related duties of the family members managing an estate?

I filed a 2019 final return for my last parent, no death certificate. Six months later I received an IRS letter requesting a minor edit to a form as well as a death certificate. That was returned in November, no refund yet. There were personal accounts and a trust account with the house as an asset,...
by MrsBDG
Sat Feb 20, 2021 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: What's the deal with USAA's delays in making 1099's available?
Replies: 18
Views: 1491

Re: What's the deal with USAA's delays in making 1099's available?

I called last week, in my frustration, the guy told me that the company (National something) that handled the USAA MFs had promised them mailed and submitted to USAA by 02/01 and USAA would post by the 16th, but it did not happen, USAA claims they don't have the info. However, we moved some USAA MFs...
by MrsBDG
Fri Feb 19, 2021 11:57 am
Forum: Personal Finance (Not Investing)
Topic: T-mobile Money
Replies: 28
Views: 3646

Re: T-mobile Money

Color me annoyed, I just set this up last month, set up a monthly auto transfer etc. and today got this email: On March 31, we plan to make the following changes: Eligible customers will no longer be required to deposit $200 per month to qualify for 4.00% APY.* Instead, when you use your T Mobile MO...
by MrsBDG
Mon Feb 15, 2021 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend a Life Insurance Company
Replies: 18
Views: 1274

Re: Recommend a Life Insurance Company

Now that Haven found a hiccup, that info will likely be on the MIB report. You'd be well-served to determine how the records are written, is there testing and follow up ordered and not completed? Underwriters won't approve a person until all ordered testing is complete. An example, you have annoying...
by MrsBDG
Fri Feb 05, 2021 6:20 pm
Forum: Personal Consumer Issues
Topic: Money for Wedding [Looking for Advice]
Replies: 60
Views: 3446

Re: Money for Wedding Advice

We made a similar type of gift to our kids (different amount) of $X at the time of the wedding, no strings attached, "go ahead and elope and keep it if you want." One kid did elope, for a valid reason, but it worked well with the money and we were fine with it. We also offer them a gift to...
by MrsBDG
Tue Feb 02, 2021 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning [Young Adult Kids] - Feedback Requested
Replies: 6
Views: 740

Re: Estate Planning [Young Adult Kids] - Feedback Requested

I'm not sure why the thought of a trust seems too complicated or too expensive? Have you been an executor or trustee before? My husband/I have been the trustee for a couple of estates and also been offered the opportunity to be executor for an intestate estate in another state. We chose not to becom...
by MrsBDG
Mon Feb 01, 2021 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Planning for Child with Disability
Replies: 19
Views: 1169

Re: Planning for Child with Disability

Depending on your income stream, savings ability, etc., some people use life insurance to fund such a trust. If you are looking into that, I would check into second-to-die coverage, it is less expensive than a policy on each Mom & Dad
by MrsBDG
Sun Jan 31, 2021 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: T-mobile Money
Replies: 28
Views: 3646

Re: T-mobile Money

I did the same as above, put in $3k and set up an auto transfer for $200/mo, my prior high yield savings is now lower than 1% so I might as well try this. I probably would not have hassled it for just the 3% on $3k, but the 1% on the rest seems worth the hassle. Smart idea above to do one account, e...
by MrsBDG
Wed Jan 27, 2021 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: What to do about Grandma and her house
Replies: 29
Views: 3299

Re: What to do about Grandma and her house

Before anyone things about kicking in money to help, from retirement loan to monthly amount, don't think you'll get that back. Be prepared for the possibility that Mom needs SNF at some point and ends up on Medicaid, then the helpers would get nothing, unless, for example, the person who paid off th...
by MrsBDG
Wed Jan 27, 2021 12:14 am
Forum: Personal Finance (Not Investing)
Topic: How bad is CA probate? Living trust needed or not?
Replies: 35
Views: 3986

Re: How bad is CA probate? Living trust needed or not?

If you are a young parent you would likely want the proceeds of your home to go to your child without the delays or costs of probate nor would you want the home in the child's name, so a trust could be helpful.
by MrsBDG
Wed Jan 27, 2021 12:13 am
Forum: Personal Finance (Not Investing)
Topic: How bad is CA probate? Living trust needed or not?
Replies: 35
Views: 3986

Re: How bad is CA probate? Living trust needed or not?

If you are a young parent you would likely want the proceeds of your home to go to your child without the delays or costs of probate nor would you want the home in the child's name, so a trust could be helpful
by MrsBDG
Tue Jan 26, 2021 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Paying for Medical School? (FAFSA, Scholarships)
Replies: 5
Views: 592

Re: Paying for Medical School? (FAFSA, Scholarships)

Generally family income is considered in any financial aid for professional schools. You could try submitting, but most people are borrowing with student loans to fund med school. Plus there may be a few, school based, small scholarships. Check out College Confidential forums pre-med topics for more...
by MrsBDG
Sun Jan 24, 2021 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: No term life on a visa?
Replies: 24
Views: 2588

Re: No term life on a visa?

Transamerica is one of the most willing on these situations.
by MrsBDG
Wed Jan 20, 2021 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Advice to Avoid/Minimize MA Estate Tax
Replies: 60
Views: 3303

Re: Advice to Avoid/Minimize MA Estate Tax

Does MA not include OOS assets in the overall estate? I am pretty sure WA asks for the value of ALL assets owned, not just the ones in WA. OOS real estate would still be included in the WA estate. I am not sure if one could set up a trust domiciled in the OOS place and own the real estate in that tr...
by MrsBDG
Sat Jan 16, 2021 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Qualifying for ACA Subsidy at Retirement: Analyzing EE-Bond vs Taxable Money
Replies: 11
Views: 1134

Re: Qualifying for ACA Subsidy at Retirement: Analyzing EE-Bond vs Taxable Money

Along the same lines, has anyone compiled a list of Fidelity/Vanguard investments that are more aware of tax implications than others, it can be complicated to figure out what to expect when an unknown amount of taxable dividends and capital gains may or may not be coming your way, depending how the...
by MrsBDG
Tue Jan 12, 2021 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Prop 19 CA Inheritance Property Implications
Replies: 204
Views: 13082

Re: Prop 19 CA Inheritance Property Implications

My in laws' CA home was in a trust, to avoid probate. The taxing authorities had no problem increasing the taxes, dramatically, on the house, but the stepped up basis did happen, too.
by MrsBDG
Wed Jan 06, 2021 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: People with experience renting their vacation homes?
Replies: 12
Views: 1621

Re: People with experience renting their vacation homes?

Doing STR/VR (short term rentals/vacation rentals) has become a serious side gig for me and I'm, mostly, having fun with it. I'd suggest joining some of the Facebook VR forums to listen to all the things that go wrong and be sure you are up for it. That being said, I had a second home and life chang...
by MrsBDG
Tue Jan 05, 2021 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance: term4sale.com and policygenius.com
Replies: 16
Views: 976

Re: Life Insurance: term4sale.com and policygenius.com

Principal, I agree, is a very good company, I would have no concerns about a policy with them. Ohio is also a good company, but take the lower price. I am not up on PolicyGenius.com etc., however, I have been associated with Term4Sale.com for around 25 years, the guy who runs it does a solid job and...
by MrsBDG
Thu Dec 10, 2020 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance advice
Replies: 18
Views: 1079

Re: Life insurance advice

If you go to term4sale.com you can input your info and get contact with three different agents; ask them each your questions, see what they recommend. When their are differences, ask them why: why this or that company, why one says preferred best v preferred etc. Every term4slae.com agent knows your...
by MrsBDG
Wed Dec 09, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Legal Zoom for Estate Planning & Living Trust
Replies: 22
Views: 1406

Re: Legal Zoom for Estate Planning & Living Trust

I think LegalZoom can be fine, if you are extremely familiar with and comfortable with trusts and estates, know the questions to ask yourself and are not in need of advice. The rubric LegalZoom provides functions. For example, I am quite comfortable with trust info and created a LegalZoom trust for ...
by MrsBDG
Tue Dec 08, 2020 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Death and joint account
Replies: 6
Views: 907

Re: Death and joint account

Gill- will that method work for IRS checks or any check made to the estate of the deceased?