Willow ,'Get It Done'
Off-topic discussion. Wanna talk about corsets, duct tape, butt kicking, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Hopefully you can catch up or something.
Apparently the tax code was ambiguous and kinda FUBAR in '24 and '25 so the IRS issued a bunch of waivers on this issue. So I should be able to take care of it without penalty.
Note to everyone: If you inherit an IRA from someone else you have to empty it in 10 years! And at a certain point you need to start taking Required Minimum Distributions whether you're ready or not.
I am pretty sure you can roll it over to another IRA and that takes care of it. That's what I did with DH's , like, immediately (it was done for me, I'm pretty sure, automagically) and then I didn't even look at it for longer than 10 years and heard something about this and panicked but when I checked on it it was apparently fine.
Grown up question I had to ask that would have been pure gibberish to me a few years ago:
What's the minimum portfolio drop that would trigger a SBL call?
Does that have to do with your recent real estate financing?
I have an MBA, I can make wild guesses based on hunches
Just got a notice that Kaiser will not be an option when Open Enrollment happens. I switched to United Health for this year, but I was thinking about switching back because do know how to navigate Kaiser better, but I guess I won't be doing that.
Does that have to do with your recent real estate financing?
It does! SBL = Securities Backed Loan.
So basically if I get a loan based on my stock portfolio, at what point in a stock dip would they do a call on my loan. Because a SBL is easy to get (if you have the stocks) but it's not locked in and if the market crashes they want their money back. Whereas a mortgage they can't do that.
I didn't know you had an MBA!
Apparently the tax code was ambiguous and kinda FUBAR in '24 and '25 so the IRS issued a bunch of waivers on this issue. So I should be able to take care of it without penalty.
This reminds me of the last few years living in NYC on my remainder of my Dad's TIAA-CREF annuity. It was just enough to pay my rent but just under the NY retirement exemption, which is inherited... sort of. After I had been doing my taxes per their instructions for five years, NY decided that because I was one of three siblings to inherit I had only inherited a third of the exemption, even though they didn't live in NY. I ended up getting audited for four of the five years. But, hey, I got the official instructions changed... yay?
In any case, Hec, good luck with that!
In happier news, I am about to take a long-delayed trip to visit my family in France and I am super excited but have so much to do in the next few days work-wise that I am sort of freaking out.
Wheee France! Boo work!
I didn't know you had an MBA!
There isn't much evidence for it, but I do have the diploma somewhere, I am pretty sure
Ooh, we apparently have hired someone named Maximov. I'm assuming the whole company is joining the MCU