pcreamer2000

My mom recently passed...and along with all the usual things..

SHe had a huge amt of flower pots (glass,ceramic, pottery, plastics,etc).

We kept the best of the bunch for our own use... threw away the plastic or basically worthless ones.

But even after all that still have 100+ of them...

I am in the middle of a pre-estatesale sale of all other items... and dont expect to sell these for much. So I figure Im going to have a lot?

Will consider donating, but would prefer to know if there is a $ way to get rid of them.

Final resort will be to either donate to cementary that my mom is at... or to give them back to the flowershop we deal with (though these pots came from all over the world).

We would likely get store credit in that case.

Gardening or craft ideas, are not going to be considered.

ITs trash it, donate, or sell it.

Any ideas?

My mom died recently....and though my oldest brother is executor he will be working in Sweden (me & mom are oklahoma) for at least a few months more.

The only items that will be in probate is the house & maybe the car?

Questions is can we sell moms car even before probate? or During it?

Its assumed that during probate it can be done if the executor signs off on it.

Before probate?

I already have a buyer for the car and he is willing to wait per probate.

Also related question... is there a way for my brother to do his work as executor and not have to be physically here in oklahoma?

Ie; if one were to invest the sstax from the start, what would they have at retirement?

I am renting a room for a period to be likely about 1-6 months while working a job out of state.

Though Im ok on wireless setup at home...At this place I am renting a room from a nicecouple who are related to a good friend.

They have DSL (no wireless) and I want to be able to access their dsl setup via wireless from my laptop.

The normal would be to put a wireless router into the mix....and thats ok if its the only way.

Per the couple and per the situation,I would prefer to do as little as possible to their existing setup as possible.

Other than the router idea, is there any other way?

My ideas are as follows, and please add to this if you have other ideas.

1. Most likley anyway, is the usual setup of a wireless router on their setup.

But this forces a huge change on them and how they do stuff..

And is not preferred if there is another way.

2. Add a splitter of some sort to actualy wire directly to their modem but it presumably keeps either my laptop or their desktop from using same connection at same time.

I dont think this is reliable, but I have seen similar done.

3. your ideas?

I am wanting to figure out this. Not sure what to figure.

I have a favorite niece & a favorite nephew.

Nepheww is 7yrs oldNiecece is 4 years old.

I want to setup a ira for both of them.

But what I want to to do is see both iras to be what $2000 would have been worth if I had setup the ira's at their birth.

What would the amt need to be to accomplish that?

Knowingng it might be a bit too much $$, a second question would be that both ira's will be around for 60-70 years before they can retire.

I would still like to understand what the #'s would be in either case.

Question:

As i understand it accountings are much more than statements.

Statements are often only that months transactions or similar.

ACCOUNTINGS is the reconsoliation of all months (usualy whole year).

My trustee gives me the december statement and a holdings list of acounnts around tax time every year.

(Beginning last year).

As I think I understood, that the laws tend to talk about accountings.

In the above context, are accountings, and statements different.

The trust does state the beneficary should get reports.

But it also states the court cannot compel the trustee to supply acocuntings to the court (but says nothing about beneficary on that).

I am at least trying to get the trustee to give me more than yearly (will accept quarterly, but prefer monthly) statements.

What are the issues?

Will I be penalized (IM the income beneficary)?

I presume I will have additional cap gains or losss not already incurred.

Will the trust be penalized?

Will the trustee be fined/penalized?

I know in some states the trustee can be held personally liable even if he is exempted...but I am not yet sure of the consequences of the trustees failure.

I am planning on starting up a drip account on GE & WMT.

In order to do so, you have to own at least 1 share (intial shares) to actually start the drip.

Problem:

I own GE,WMT, but inside a brokerage based IRA.

The stock certificate has to be in my name, not custodial in the brokerage, in order for me to claim I am owner.

Remember, you are not truely a full owner of a stock purchased thru any brokerage.

I assume its not practical to try to move some shares of GE,WMT from the IRA, to do this?

Am i correct in presuming I am better off going ahead & buying new initial shares directly instead?

Two Credit cards (both visa, both BankofAmerica).

Will ask them same question anyway, but figured it was worth asking here.

Will have both cc's limits reduced anyway.

CC1: 6% credit that is a mortgage favored card.

obtained soley due to having a mortgage at same bank.

Current limit $6500.00

CC2 - Line of credit on house - which could be assigned to a Credit of similar rate.. current limit $15k.

Assuming I can get the bank to give similar rates to a CC2 tied direct to line of credit...

Which would be a better credit card.

Btw, I know for a fact you can get equity credit cards, not yet sure if BofA can.

I recently requested 'accountings' of my trust.

Question: is a 1099 (consolidated Edwardjones) all it is.

I was under the view that accountings is more than 1099, but also all transactions external to investing and also all transactions whehter on 1099 or not?

I had to additionally demand a statement and only got dec2007 and not what I thought full accountings was.

Do i have it wrong?

Also, I consider it unethical to not provide me with accountings (I am the sole beneficary)>

Am I worng there too?

6 days ago

Additional Details

3 days ago

Im used to thinking that accountings is more than a statement & a 1099 (in this case only a dec2007 stmt).

Ie; what to expect from a request for 'accounting'??

I recently requested 'accountings' of my trust.

Question: is a 1099 (consolidated Edwardjones) all it is.

I was under the view that accountings is more than 1099, but also all transactions external to investing and also all transactions whehter on 1099 or not?

Do i have it wrong?

Also, I consider it unethical to not provide me with accountings (I am the sole beneficary)>

Am I worng there too?

Amt per month: $2319 (increases every year approx $100/mth. Earnng rate : 10%

What would I have in 5,10,15,20?

Could I get result with & without inflation?

Im doing a beaut of a spreadsheet and am hoping somebody can confirm by doing the above also.

Unfortunately most financial calculators ignore the extra $100 increase that Im going to get via a yearly reevaluation.

year 1 - 2319/mth

year 2 - 2419/mth

so on and so on..

year 10 3419/mth

Ie; The income comes into my acct every month and gets to earn 10%, and every year that income increases $100 for 12 months.

Not just a straight fv or similar...so a previous question was killed since this adds a major kink to the calc.

In using most calculators ignoring that extra $100 cuts in half the real numbers that I

its doable, surprised no answers.

2 hours ago

In fact the calculators are off by almost 50%.

Since mine not only assume 10% growth, but a additional growth of $100/mth every year.

With new $$ coming in (inhertiance) ...I have a question about ira's and related.

per this new money I already figured i would max out my own IRA 100% .

But other than the inheritance, Im in a low enough tax bracket that maxing or contributing additionally to wifes IRA' doesnt make sense tax wise.

SInce the wife & I will inherit each others IRA if I did set her up one (she doesnt have one and we are both nearly 50).

I have a traditional & a ROTh.

But figure on putting at least 1/3 or more of the new money into retirement (whether IRA's or just sock it away in invesments I wont touch).

Is there any other value other than taxs to go ahead and max out both ira's? despite the fact I dont make enough income

(other than inheritance) to benefit taxdeduct wise?

This is really just a question, dont give me b.s about getting with laywer, Ive already done that..

This is just exploration question:

Btw, I am 49, and just recieved this inheritance.

Note, I get the income from this trust period.

MY dads will & trust differ in the perpetutarys.

WIll:

on or before 21 years after my death, son shall inherit the trust in full free from trust. If I die before 21 years, his grandkids get it all free of trust.

Trust: I only get income till death, grandkids get it all when I go.

If I die before youngest grandkid is 25 (13 years from now) all grandkids and greatgrandkids get the trust in education trust.

Any ideas. the above problems do conflict with what my dad told me verbally, but I cant prove it.

Btw I am 49, and am totally selfsufficent and am the youngest of 3 sons (other two were specifially written out, one legit, one not legit)..

Im of the view that restating a will or trust is always better than amending.... especially in light of my own inherited trust.

But is there ever a good reason to amend instead?

What I plan to do is give the one 3yrold neice the amt of $$ she would have in year 3 and what he would have in year 5.

I want to be able to see all ansers on one page ...and not have to click on next page to get next 20.

Is there a way to either change the 20 to a bigger number or to have all answere at once?

I would rather scroll thru them via IE than go 'NEXT'

I recently discovered that I really have a pension coming.

I worked at Rockwell in the 80's-90's and rolled over my savings 401k to IRA in 1995 after layoff.

Last week discovered that I still have a pension despite being told then I didnt qualify.

This pension is now a Boeing pension (part of why I now qualify).

QUESTION:

The pension is a 'Life Annuity' and is not roll overable or lumpsum available.

Short of waiting till retirement... Is there a way to sell it?

If not I have every intention to wait till age 65 (im 49 now) to collect the pension for life. And the pension is small its about $400 (w/wife 100% option).

Btw, I have other $$ and pensions so this one is extra.

but if I could get the pension totally now I would do better than 5.25% that the pension does to give me the life annuity?

I assuming this idea is definatley a no-no.

In my case I have a litterally perfect credit file except for the following. And proabbly per that my score is below 600.

Im in the process of having all of the negative stuff (all of it fraudulent) ... and even got lucky in having the invalid addresss removed (thats supposed to be nearly impossible).

These two items were Macys & Capital One.

both were informed that their accts were not mine and never have been.

Cap 1 - $11000

Macys $500

I dont have proof but I suspect I know (per the invalid address).

I plan to file a police report, but dont expect anything.

Prime reason for the police rpt is to get the credit agencys to do a 7yr fraud alert.

In reality, except for gettign a new house (2nd one ever) I dont really need the credit score.

Question is: how soon after removal would my credit score improve..

Note. On at least one agency its 100% removed.

I inherited a spendthrift trust.

where I get income every month (in kind transfer of funds/stocks) ..no cash...from my dads trust at EdwardJones to my own account at EJ.

As long as I dont sell it and use it .... its no taxes period.

If I cash it and use it as income (will till mid 2008) then I pay cap gains (15% max I guess) ..

After mid2008 I plan to use very little of it for personal spending (I am currnetly using 90% of it to paydown debt and some to max out my ira.

In 2008, I plan to also max out my wifes IRA.

Wil rarely use the balance ..but will likley want it available.

Per the inheritance being below the threshold and the fact that I will only get 6%/12 of whatever the trust is worth.

Is the only time I need to worry about taxes is when I cash the monthly transfer from the trust/inhertiance?