Personal Finance (Not Investing) • Does high school intern,need to pay...
Hi,My high school kid (16 yr) worked as summer intern in Summer 2023 and received a check with her name for $900.No state or Federal taxes were with held from the check.In Jan'2024 she received a form...
View ArticlePersonal Investments • Looking for advice on what to do with $4.5M
Hello. I am seeking advice on what to do with $4.5M cash. What do you recommend is the best way to allocate and diversify these funds?Statistics: Posted by al8 — Mon Aug 05, 2024 11:38 pm — Replies 2...
View ArticlePersonal Finance (Not Investing) • Distributing Trust assets unevenly?
My mother passed leaving an irrevocable trust - containing 2+M in stock and 2 properties worth 550k.Beneficiaries are 3 sons - me and my 2 brothers. I am also the trustee. My mother had always...
View ArticlePersonal Investments • wife trying to financial plan for retirement
hello,We moved to the USA when we were in our late thirties, so we did not have a lot of time to accumulate. We are in our early 50s now. We have been mostly investing in target retirement funds, and...
View ArticlePersonal Consumer Issues • Buying a sailboat - recommendations
Looking to get a 32-34 foot cruiser. Have a slip in San Diego. I like Catalina 34 or 32 feet, Beneteau are nice in that range too. No older than a 2005 or so. One I am looking at here is 99K, seems...
View ArticlePersonal Investments • Allocation change to reduce risk: Analysis paralysis
DW and I are both 54 YO and working. Both of us have always been unfazed by fluctuations in our portfolio. I wouldn't even call it allocation aggressiveness. It's just that we've been mostly stocks...
View ArticlePersonal Finance (Not Investing) • Why is Fidelity calling me?
My former company 401k is at Fidelity and I did a partial rollout from that 401k into a Fidelity IRA. I later did a Roth IRA conversion of that amount into a Fidelity Roth IRA. The money is sitting in...
View ArticlePersonal Consumer Issues • Co-sign apartment lease for parent?
My Darling Parent (DP) lives off SS retirement benefits and does not meet the criteria that apartment complexes want for income being 3x rent. I'm in a financial position where i could sign the lease...
View ArticlePersonal Investments • Unclaimed Funds on a Custodial Account
Apparently, when I was a child (I'm mid 30s now), my aunt opened some sort of a Vanguard investment account for me (all I can see is VANGUARD 500 INDEX FUND 40).My aunt was the custodian, I was the...
View ArticlePersonal Investments • Bond fund investment in a UTMA account
I have two UTMA accounts setup for my kids. They were started through gifts of stock from family. I'd like the kids to have access to the funds for college, buying their first house, etc. I have about...
View ArticlePersonal Finance (Not Investing) • Home affordability - please critic
Hello everyone,We have been shopping for a bigger house over 1.5 years now and finally found a house (3000 sq ft) that would fit our needs. The asking price is 1.45 M but will go for 1.5M if we want...
View ArticlePersonal Investments • Getting re-started - seeking confirmation and advice
Hopefully, I get this right - first time poster, and short-time member, but excited to join the community! DETAILS:Emergency funds: Six months Debt: Mortgage Only - 3.5% ~$300K remainingTax Filing...
View ArticlePersonal Finance (Not Investing) • [What is] Working in Finance Like?
Hi everyone,I've been flirting with the thought of performing career changes recently -- and even heard one person from university mention they're going into finance.Heard the following about...
View ArticlePersonal Investments • Buying TIPS with inflation going down
I am considering long term TIPS. 10 years most likely. I am 60 yrs old. Does it make sense to buy TIPS while we expect the inflation to go down in the short term of 4-5 years and then settle to the...
View ArticlePersonal Finance (Not Investing) • Treasury Direct I Bonds Minor Linked...
I have opened a Minor Linked account for my daughter. I plan to move by I Bonds (substantial amount) into her account, the Minor Linked Account.What, if any, are the tax consequences for transferring...
View ArticleInvesting - Theory, News & General • How to do more than one 529 rollover...
I have three 529 accounts (let’s call them A,B and C) and would like to consolidate them to one account (let’s say account B). I am the owner and beneficiary on all of them. I have just done a...
View ArticlePersonal Finance (Not Investing) • Recommendation for 2nd Bank Option for...
My wife and I bank at a local credit union for all of our personal finance needs.I have a full time salaried position but am about to begin moonlighting doing some self employed work. I am thinking...
View ArticlePersonal Finance (Not Investing) • Beneficiary Designation for IRA when...
Hopefully one of the estate planning attorneys on the forum can help with this. Inlaws have revocable living trusts. They are the trustee of their own trust, then the successor trustee of each other's...
View ArticlePersonal Finance (Not Investing) • Community property income
I am a bit confused on community property income reporting rules. What I understand so far is what I read verbatim:Community propertyCalifornia is a community property state. When filing a separate...
View ArticlePersonal Finance (Not Investing) • Solo 401k (Contributing for Spouse as well)?
Hey all,I have a solo 401k as a solo operator. I know that one can contribute to the solo 401k on the spouse's behalf as well.I haven't been able to find how much/if spouse needs to be paid from the...
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