| Author |
Message |
 Topic: Declaring Gambling Profit |
TheKingfish
Replies: 9
Views: 7198
|
 Forum: Taxes Posted:
Sun Mar 08, 2020 3:04 pm Subject: Declaring Gambling Profit |
| Preparing for my tax return this year, I face a small conundrum. A longtime successful offshore gambler, I have registered token profits over the years ($50-300); in some years I’ve lost similar am ... |
| Topic: Tax Exempt (Generic) Scholarship Administrator |
TheKingfish
Replies: 5
Views: 6367
|
Forum: Personal Finance Posted:
Sat May 11, 2019 8:38 pm Subject: Tax Exempt (Generic) Scholarship Administrator |
| I thought I would tie-off this thread with my own input. After all, the key to most informational pursuit is knowing the ‘key words’ that shoot you off in a positive direction. From there, the w ... |
| Topic: Tax Exempt (Generic) Scholarship Administrator |
TheKingfish
Replies: 5
Views: 6367
|
Forum: Personal Finance Posted:
Sun May 05, 2019 12:44 pm Subject: Tax Exempt (Generic) Scholarship Administrator |
| I am creating a trust which will largely be an educational scholarship. I have no heirs and my assets contain Traditional IRAs (46%) and Roth IRAs (24%). To avoid the after-death tax bite, I want th ... |
| Topic: Vacation Benefit Policy – Seeking Feedback |
TheKingfish
Replies: 8
Views: 12328
|
Forum: Earning & Income Posted:
Fri Apr 06, 2018 9:40 am Subject: Vacation Benefit Policy – Seeking Feedback |
| I have a friend, based in MI, who is a small business owner (service provider). She has four (4) full time employees, one of which has requested one day off per week during the summer. Employee’s ... |
| Topic: City Statute Preventing Rental Rebuild – Strategy Needed |
TheKingfish
Replies: 8
Views: 17234
|
Forum: Real Estate Posted:
Thu Dec 28, 2017 4:11 am Subject: City Statute Preventing Rental Rebuild – Strategy Needed |
| I am posting for my friend JJ who lives in Ann Arbor, MI. JJ owns a concrete-pour multi-family dwelling built in 1943. He lives in one portion of the dwelling and rents two attached apartments. His ... |
| Topic: |
TheKingfish
Replies: 1
Views: 18411
|
Forum: Retirement Planning Posted:
Wed Jan 06, 2016 6:55 pm Subject: |
| Since October I have been gorging on info related to the new rules. Most of it has been good, and I think I’m in line to benefit from the grandfather effect (old enough to qualify under the old/curre ... |
| Topic: |
TheKingfish
Replies: 0
Views: 17402
|
Forum: Spammer & Scammer Slammer Posted:
Wed Jan 06, 2016 6:50 pm Subject: |
| Since October I have been gorging on info related to the new rules. Most of it has been good, and I think I’m in line to benefit from the grandfather effect (old enough to qualify under the old/curre ... |
| Topic: File & Suspend - Medicare Withholding Pitfall |
TheKingfish
Replies: 2
Views: 22236
|
Forum: Retirement Planning Posted:
Mon Nov 30, 2015 7:05 pm Subject: File & Suspend - Medicare Withholding Pitfall |
| I am about to file & suspend, but recall a conversation with a friend several years ago telling me to be wary of something related to the Medicare payment withholding. I recently asked her but, l ... |
| Topic: 1035 Exchange - Seeking Information |
TheKingfish
Replies: 17
Views: 40842
|
Forum: Personal Finance Posted:
Sat Jan 17, 2015 9:22 pm Subject: 1035 Exchange - Seeking Information |
| I thought I was done here, but am now adding a prologue to my last post for folks who embark upon this process with their (dreaded) insurance company. Initially I spoke with representative Angela and ... |
| Topic: 1035 Exchange - Seeking Information |
TheKingfish
Replies: 17
Views: 40842
|
Forum: Personal Finance Posted:
Fri Jan 09, 2015 10:42 am Subject: 1035 Exchange - Seeking Information |
| Thanks again for the feedback. Capping the annuitization transaction details – there were no fees or commissions incurred (FYI). There would have been, had I moved toward the new insurance-vehicle 1 ... |
| Topic: 1035 Exchange - Seeking Information |
TheKingfish
Replies: 17
Views: 40842
|
Forum: Personal Finance Posted:
Thu Jan 08, 2015 8:33 pm Subject: 1035 Exchange - Seeking Information |
| Thanks again for the feedback. Final input on this topic. The formal ‘1035 exchange’ as a mechanism has no real substance (trading one insurance vehicle for another). Normally a public instrument h ... |
| Topic: 1035 Exchange - Seeking Information |
TheKingfish
Replies: 17
Views: 40842
|
Forum: Personal Finance Posted:
Thu Dec 18, 2014 3:56 am Subject: 1035 Exchange - Seeking Information |
| Thanks for your feedback. Rest assured I would be the last to take issue with your oil & water premise of insurance and investment. I am a longtime investor (mutual funds) and annuities are anat ... |
| Topic: 1035 Exchange - Seeking Information |
TheKingfish
Replies: 17
Views: 40842
|
Forum: Personal Finance Posted:
Mon Dec 08, 2014 3:08 pm Subject: 1035 Exchange - Seeking Information |
| I am new to the forum but enthusiastic to partake. I’m just cruising for some initial info on the above; converting life insurance into an income annuity. My wife and I have three (3) long-held whol ... |
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