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I'm sorry you have to go through that. My parents set up an LLC for their assets and a power of attorney over their medical needs (I am secondary for both of them after each other, if that makes sense). My sis and I will get assets should they pass, but maybe I should look into getting some access to their accounts. My dad does the finances, but is losing it a bit. My mom is double checking his work, but this isn't something she's cared about before and its hard for her to learn now in her late 60's. Most of the time is her calling me and asking if I can do it, which I could if she gave me her passwords, but I have fundamental reservations over having unrestricted access to peoples' accounts. For now I deal with visiting them (which I am limiting these days for obvious reasons), logging into their PC with Chrome Remote Desktop (so they can see what I am doing), or, usually, letting my sis deal with it (which she doesn't really have the time for). It'd be a lot simpler if they didn't have a credit card for basically every store that offers one (  ). But at least they only have two bank accounts ( ).EDIT: Bad snipe, sorry.
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Aug 29, 2020 01:21
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DaveSauce posted:Lots of states have filial obligation laws, but they're rarely, if ever, enforced, and I think only once has it been tested in court (in PA). Ones I've looked up tend to be very specific in the scenarios that they apply, and personal debt is not generally one of the scenarios. There you go, I didn't realize it. Either way they're hosed up. Kids can't choose their parents. Gaj posted:Its both, she also gets frustrated with any prolonged conversation, and has bladder control issues. Her MS along with the 12 medications and various painkillers she takes also sometimes makes her especially ill, like right now. She wont be able to talk much, is in significant pain. And at worst she may just go into a fugue state for a week or 2. On wensday she said "arrange for PoA" today she just said "no". Ill wait until shes a bit more clear headed to begin. Good luck. this sucks. Time is of the essence here because the more incompetent she gets mentally the harder it is to have things stand up. If you want someone declared incompetent it's a whole different ballgame, and if they have the mental power to fight back on it then it's an even further uphill battle, perhaps insurmountably so, but that's up to your attorney, her attorney, and probably your dads as well. The burden of proof is very high to deprive someone of control over their life. Uthor posted:My parents set up an LLC for their assets Isn't what they want a trust? (Serious question.)
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Aug 29, 2020 01:44
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Uthor posted:I'm sorry you have to go through that. My parents set up a trust, thankfully they're both fully with it and should have plenty of time more. They did it after going through the absolute hell of their own parents' estates. All my grandparents died within a year or two of each other, and there was a lot of scrambling in the preceding years to make sure they could afford care and not lose their houses. "We don't want you to go through what we did" and I constantly thank them for it every time it comes up
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Aug 29, 2020 01:47
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H110Hawk posted:Isn't what they want a trust? (Serious question.) Yes, sorry. Wrong term. I vaguely remember it being named something like "name name LLC", but I could be wrong. It is a trust. DarkHorse posted:My parents set up a trust, thankfully they're both fully with it and should have plenty of time more. Honestly, I think it's a little overkill for them, but my godfather had a lot of trouble when his parents passed, so it got my parents to do it. His parents owned an apartment building and had tenets, though. My folks have one house, one car, and some money in the bank. We did it kinda last minute about four years ago right before my dad went under the knife for open heart surgery. At his age, it was really touchy if he'd make it. But it was a fast and painless process. And, like I said, not that complicated. My sis and I split everything except her kids get an extra $1k each or something. Uthor fucked around with this message at 01:55 on Aug 29, 2020 |
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Aug 29, 2020 01:52
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If you own a house or are over the small estate probate limit in assets you're probably due for a trust. They're simple things which save people a lot of headache.
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Aug 29, 2020 02:12
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Just a quick note, if anyone signed up for that Penfed $200 bonus on a new checking account, they are sending them out now. I signed up on 5/20 and got my bonus yesterday.
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Aug 29, 2020 10:22
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Does anyone use simple online banking and understand its interface / where it puts money and why I can't find it? I have a shared account set up with my partner, and transfered money from my account to the shared one last week, but can't find it anywhere. In the activity log it shows as transferred and there is no activity log showing it going anywhere else. It's a really bad ui and I'm hoping someone can explain it to me. Alternatively, is there a different online banking system with an easy to use ui that includes shared /personal accounts and goal buckets that actually keep money from being used? I like all the features of simple, just despise how it's presented.
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Aug 31, 2020 15:45
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Spikes32 posted:Does anyone use simple online banking and understand its interface / where it puts money and why I can't find it? Ally checks those boxes for me. Also if you can't find your money you need to be on the phone post haste.
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Aug 31, 2020 16:07
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Hey folks, I recently left my crummy retail job and am looking to rollover the 401k into my Vanguard Roth IRA. Am I understanding the process right in that I need to create a rollover/traditional IRA first, and then transfer from there into my Roth account?
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Aug 31, 2020 21:59
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Spikes32 posted:Does anyone use simple online banking and understand its interface / where it puts money and why I can't find it? I have Chime and like it for those aspects a lot - it is a pain if you deal with paper checks at all, but if you're all online it's great!
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Aug 31, 2020 22:04
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If I need a personal loan from like SoFi for an unexpected tax bill, assuming no prepayment penalty, is it better for my credit score to pay the whole thing back within a 30 day window, or let it sit for a full credit cycle for the credit unions to digest the loan, then pay it off? I think the interest for 30 days is going to be way less than $100, which thankfully is a rounding error for the entire financial year, and not a reoccurring cost.
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Aug 31, 2020 23:43
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Hadlock posted:If I need a personal loan from like SoFi for an unexpected tax bill, assuming no prepayment penalty, is it better for my credit score to pay the whole thing back within a 30 day window, or let it sit for a full credit cycle for the credit unions to digest the loan, then pay it off? I think the interest for 30 days is going to be way less than $100, which thankfully is a rounding error for the entire financial year, and not a reoccurring cost. I would say do whatever is cheaper , and don’t worry about gaming your credit score to that extent.
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Sep 1, 2020 03:31
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Cow Bell posted:Hey folks, I recently left my crummy retail job and am looking to rollover the 401k into my Vanguard Roth IRA. Am I understanding the process right in that I need to create a rollover/traditional IRA first, and then transfer from there into my Roth account? Unless you really are sure, I wouldn't put it into a Roth, you'd have to pay taxes on that conversion (and depending on how much is there, may not be able to do the full amount). A rollover IRA is fine.
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Sep 1, 2020 03:33
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Does anyone in here have a basic savings account bank recommendation? I'd like to stash roughly a thousand bucks (USD) and leave it there as an emergency fund.
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Sep 2, 2020 21:21
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StrixNebulosa posted:Does anyone in here have a basic savings account bank recommendation? I'd like to stash roughly a thousand bucks (USD) and leave it there as an emergency fund.
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Sep 2, 2020 21:27
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Thanatosian posted:Local credit union. If you want big national, Ally. Can you elaborate on why Ally? My mom uses Pathfinder so I was leaning there. I'd go with a local credit union but I might be moving states within the next two years (might!) and don't know how much of a hassle it would be to handle that.
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Sep 2, 2020 21:31
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Pathfinder's savings account requires you to use your debit card 12x/mo to earn a competitive interest rate (1%). I would look to Ally, Marcus, Amex, etc - any of the online HYSAs will be just fine.
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Sep 2, 2020 22:23
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StrixNebulosa posted:Can you elaborate on why Ally? It's basic, free, has a not bad app.
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Sep 2, 2020 22:27
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Discover dropped to 0.8% which may or may not be competitive anymore, but they've been a great online savings for me in the past.
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Sep 2, 2020 22:28
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H110Hawk posted:It's basic, free, has a not bad app.
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Sep 2, 2020 22:48
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Thanks guys, I'll get that set up and then try to forget I have the dosh.
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Sep 2, 2020 23:12
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GoGoGadgetChris posted:Discover dropped to 0.8% which may or may not be competitive anymore, but they've been a great online savings for me in the past. That's what Ally is at too, and I don't think anyone else is going to be far enough above that to really matter.
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Sep 3, 2020 00:08
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if you look at a rate chart graph they all move together, just depends on your personal preference
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Sep 3, 2020 15:48
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I have opened an account at ally and it's depositing my check into it, thanks guys! 
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Sep 6, 2020 17:56
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StrixNebulosa posted:I have opened an account at ally and it's depositing my check into it, thanks guys! Yeah, Ally is a great online 'hub' account. I use it to connect all my bank and brokerage accounts.
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Sep 10, 2020 05:02
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I need to set up a business account for my new LLC. Neither my current credit union (Capital One) nor Ally, the one I normally see bandied about here, have business accounts. Any recommendations? The LLC is my one-man software development house, so I don't think I need a ton of functionality; as long as I can make transfers and payments I should be good to go.
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Sep 14, 2020 19:07
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TooMuchAbstraction posted:my credit union (Capital One)  An actual local credit union may have good business accounts with low/no fees. Maybe there are online options I'm unaware of. Definitely avoid the big retail banks (BoA, WF, Chase, etc.).
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Sep 14, 2020 19:17
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Yeah, I know. I was happier with ING Direct but they got eaten and I haven't gotten around to changing yet. I'd prefer to be online if possible, especially during the plague times.
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Sep 14, 2020 19:22
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I'm applying for a job with Washington state. The retirement plan is a hybrid plan that has good 403(b) matching (7.5% of your salary matching 1:1), and a small PERS (Service years * 1% * average of highest five years of salary). Assuming it's still there when I retire (probably 30-35 yearsish), would my social security get reduced because of the PERS? I couldn't find anything regarding this for Washington state (I know my mom gets CALPERS, but that's a much, much larger amount, and her social security gets reduced by a third because of it).
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Sep 14, 2020 19:28
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Thanatosian posted:I'm applying for a job with Washington state. The retirement plan is a hybrid plan that has good 403(b) matching (7.5% of your salary matching 1:1), and a small PERS (Service years * 1% * average of highest five years of salary). Assuming it's still there when I retire (probably 30-35 yearsish), would my social security get reduced because of the PERS? I couldn't find anything regarding this for Washington state (I know my mom gets CALPERS, but that's a much, much larger amount, and her social security gets reduced by a third because of it).
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Sep 14, 2020 19:57
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My bank (Ally) is getting rid of email as a recovery option, so now I only have my cell number in there. The page says "we suggest two methods" which was obviously written before they decided to dump emails, but it raises the question: do people protect important accounts with more than one recovery source in case of some disaster? If so, what do they do?
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Sep 17, 2020 22:11
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Magnetic North posted:My bank (Ally) is getting rid of email as a recovery option, so now I only have my cell number in there. The page says "we suggest two methods" which was obviously written before they decided to dump emails, but it raises the question: do people protect important accounts with more than one recovery source in case of some disaster? If so, what do they do? I scream at the poor schmuck on the phone that SMS based authentication for financial transactions is perhaps more dangerous than just emailing me retrospectively and to please disable it on my account. TOTP, FIDO, or if you insist, a voiceprint. My gmail account is more secure than SMS.
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Sep 17, 2020 22:24
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I also did not understand this decision.
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Sep 17, 2020 22:34
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Yeah, I remember a very big client of my previous job using SMS for securely logging into something very important and thinking that was strange, but I guess I didn't make that connection when thinking about my six bux. I've emailed them to ask for those options, maybe if enough people do they will, or I'll change banks again. It's not like I'm getting anything from the interest anymore.
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Sep 17, 2020 22:44
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StrixNebulosa posted:Can you elaborate on why Ally? My mom uses Pathfinder so I was leaning there. Ally used to have extremely competitive savings rates, something like 2%, which was way higher than anybody else Since middle of last year they've been tapering way down, I checked last night and mine is at 0.8% That said, their website does not piss me off, their phone support speaks good english, and I've made a couple dollars in interest since opening the account, so I'd say they're at least average, if not above average
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Sep 18, 2020 00:15
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Hadlock posted:Ally used to have extremely competitive savings rates, something like 2%, which was way higher than anybody else And note that their interest rates are still competitive to other online banks commonly mentioned here for equal amounts of effort. If you're willing to setup a rube goldberg machine of accounts at 8 different places to make an extra few % interest a year that's different.
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Sep 18, 2020 00:34
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Rates are way down across the board, and with the current climate and Fed policy they will likely stay that way for a while. None of the banks are individually just being lovely or anything like that. Yeah there are some loss leader gimmicks you can jump through hoops to squeeze a bit more out, but the gains are small and not worth the brain space to think about to me. More power to ya if it is to you, though. Guinness fucked around with this message at 01:24 on Sep 18, 2020 |
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Sep 18, 2020 01:20
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Honestly, being forced to use SMS as my second factor is very possibly enough to get me to switch. What's another good online bank that lets you use email still?
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Sep 18, 2020 05:59
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H110Hawk posted:I scream at the poor schmuck on the phone that SMS based authentication for financial transactions is perhaps more dangerous than just emailing me retrospectively and to please disable it on my account. TOTP, FIDO, or if you insist, a voiceprint. My gmail account is more secure than SMS. One thing to note that is newer on SMS verification security wise, depending on your carrier , they rolled out basically a SIM swap lock. I have it on Verizon, and I can’t change the SIM cards on my phones without first logging into my Verizon account, going to number lock, and unchecking my number. Don’t know how perfect it is because I haven’t tested it, but worth turning on if you have it.
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Sep 18, 2020 13:34
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Google Voice is resistant to SIM swaps too, last I checked.
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Sep 18, 2020 16:20
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