Your HH money to-do list?

[Pom]

Where are you on your financial check-list of things to get done?

Examples-  Roth conversions, wills, rollovers, updating insurances, etc..

[Deleted]

As soon as my raise hits, I'm opening a new savings account and will set up an auto payment into it. When the account reaches $1,000 I'll open a Roth IRA.

[MNH2013]

Ooh I just did one this morning.

Switched future 401K percentages. I had a little too much in company stock and with our industry I didn't want future money to go in to that. I will move some of the money around once prices go back up.

[Pom]

I finally feel like we are getting our sh!t together after a particularly long year.

-We just sent all our instructions to our attorney for drawing up our wills, POA, Medical POA, advance directives, etc. This took us FOREVER. We'd work on it, set it aside and FINALLY we sent it in. We will need to go in for a review and signatures.
-We decided against hiring a financial planning firm (saving ourselves $3-4k) and continued on with our own investments at Vanguard.
-We are about to close FIL's estate and hence all the deeds need to be transferred to Mr. P. Of course we can't find more than half of the documents needed because that would be too easy. The estate property auction was last month and netted way more than expected. We also took FIL's car to CarMax and that was relatively painless.
-I need to add the newly deeded properties to our insurance policy in Michigan. I have started that process.
-We are pretty okay with our current insurance situation otherwise- I did just add our golf cart to the policies. Mr. P has LTD through work and I don't see him qualifying outside of that. We are set with Term life insurance, umbrella, etc. I will probably shop everything next year, but it seems in-line for now.
-We have an inherited mutual fund to move after the estate is closed. Other than that, no current rollovers or conversions due.
-We have arranged a clean up/out of FIL's house of the junk left after the sale. We still need to find a new REA for that.

Geez, I finally feel like a responsible adult.

[lolo]

Earlier this year, I opened an IRA, rolled over my 401k and started contributing 25% my my freelance income. My goal is to max that this year and put any overage into a Roth or SEP.

We are working to save a down payment in vhcol and are set to have 10% (which we are OK with in vhcol) within the year.

I'm currently deciding whether to return to work full time vs continue freelancing. Flexibility and time with my daughter vs career and money.

[shaynaatl]

We are due to rebalance our retirement portfolio.

[Susie]

We're going to need to do wills soon. We haven't really felt the need before, but we're going to need to name guardians for Hobbes.

There's always pay off more SLs, save more, etc., but no specific "must dos" that stand out. We took care of all our life/LTD insurance needs this spring.

[lurknomore]

Due to a misunderstanding with HSA contributions, we got hit with a penalty and tax for 2014 for overcontributions. We are on track for a bigger one this year. I've been bugging DH to reduce (actually, eliminate) his HSA contribution for months. It is time and if he doesn't get it in this month, we're looking at a $700-$800 over contribution, subject to 10% penalty and taxes. He STILL hasn't done it. I have no clue when payroll gets processed for him, but he doesn't FUCKING GET IT. I just called him again. Again he got pissed off at me for bugging him. Grrrrrrrrrrrr. I do 90% of this stuff on my paycheck for exactly this reason. But my firm contributes to my HSA, not me, so I'm literally throwing $500/mo out the door if I eliminate the contribution on my end.

[Pom]

Aug 17, 2015 9:23:46 GMT -5 lurknomore said:

Due to a misunderstanding with HSA contributions, we got hit with a penalty and tax for 2014 for overcontributions. We are on track for a bigger one this year. I've been bugging DH to reduce (actually, eliminate) his HSA contribution for months. It is time and if he doesn't get it in this month, we're looking at a $700-$800 over contribution, subject to 10% penalty and taxes. He STILL hasn't done it. I have no clue when payroll gets processed for him, but he doesn't FUCKING GET IT. I just called him again. Again he got pissed off at me for bugging him. Grrrrrrrrrrrr. I do 90% of this stuff on my paycheck for exactly this reason. But my firm contributes to my HSA, not me, so I'm literally throwing $500/mo out the door if I eliminate the contribution on my end.

How frustrating, ugh.  Can you sit down with him and do it on-line or call together?  I know he should be an adult and simply do it, but I think we all sometimes have a mental block about just getting this stuff done.

[Deleted]

I'll have my SL and our last CC paid off in September, so then I'm snowballing that money to my ILs since we borrowed money from them last year for our interstate move.

I need to get the retirement money from my last job, and I want to transfer that plus our IRA/CDs into Vanguard accounts as MM suggested to me a few weeks ago. I'll likely take care of that in September also since August is crazy busy for us.

Long term...starting to save for a DP since we (finally) decided we want to buy a house in 18-24 months.

[aurora]

We really should do wills. We're OK if just one o us dies, but we want to specify what happens if both do.

We were discussing the other day how much to leave to charity vs our siblings. Both are doing fine; they could make use of inheritances, but aren't suffering without them. So, maybe 1/3 to charity and the rest to siblings? But, we've never made donations of that magnitude so we feel like we need to do more research first to spell it out.

[raangoli]

Wills. We have the documentation printed to start - I contacted a lawyer like two months ago - we just haven't started. We talk about it like 2x a week...but don't actually do it.

[AAM2012]

We need to have our Florida wills and POA's looked at/revised if needed since we moved to Arizona.

Put our 401k contribution back up since we lowered it to match for a few months while we purchased a home/had two houses.

I also need to make appointments to establish a primary care doctor and dentist that I keep putting on the back burner. Not really financially related but could turn into one if I don't handle it.

[whitemerlot]

I'm getting more organized in my finances and investments. I've transferred stock and my Roth to Vanguard.

I'm hoping my h will rollover his 401k from a previous job soon to Vanguard and his Roth, too.

We need to have a will done.

I'm also trying to figure out how we want to handle HSA money going forward. We will have $14,000 after this year and our account is transferring from Chase to HSA Bank. We will have the option to invest with TD Ameritrade with them. I think we will continue to max the HSA at $6,500 a year, guessing our medical expenses will be under 3k a year.

[sh10]

Aug 17, 2015 10:25:18 GMT -5 whitemerlot said:

I'm getting more organized in my finances and investments. I've transferred stock and my Roth to Vanguard.

I'm hoping my h will rollover his 401k from a previous job soon to Vanguard and his Roth, too.

We need to have a will done.

I'm also trying to figure out how we want to handle HSA money going forward. We will have $14,000 after this year and our account is transferring from Chase to HSA Bank. We will have the option to invest with TD Ameritrade with them. I think we will continue to max the HSA at $6,500 a year, guessing our medical expenses will be under 3k a year.

Is your HSA through your job? DH's company doesn't offer one, so we opened it on our own and I don't like the current bank, so I need to find a new one. We only have about $1k, so most accounts want to charge a fee. 

Thats great you have saved so much, I would like to start increasing our contributions. 

[Deleted]

We need to change banks. We've had primary accounts with our current bank since we were in high school and DH doesn't want to break up with them. But it's just too much to deal with now, they have one mega branch downtown, no ATM's, their fees are ridiculous, and their mobile check deposit app hasn't worked for months. Their just not accessible in this area.

We also need to set up wills for ourselves and review our life insurance.

Also, we need to figure out something for MIL, with no life insurance and the way she neglects to take care of herself, we need some sort of end of life plan. I don't know where to start. It's been one year since FIL passed and I cannot go through that again.

[sh10]

As we are selling our house and DH is job hunting in another state, I need to rework our budget. We plan to live in an apartment for a while so that should be extra savings each month to put toward a new DP.

I would also like to look into rolling over some of the money in our IRAs to Roth IRAs and paying the taxes while we are at a lower tax bracket (if the new job has a high raise that bumps us up).

[winnied]

Once H starts his new job, contribute 15% of his income via the company plan and his newly opened Roth. Then save the rest of his income and put it toward our HCOL down payment fund to eventually save at least 10%.

[whitemerlot]

Aug 17, 2015 10:32:52 GMT -5 sh10 said:

Aug 17, 2015 10:25:18 GMT -5 whitemerlot said:

I'm getting more organized in my finances and investments. I've transferred stock and my Roth to Vanguard.

I'm hoping my h will rollover his 401k from a previous job soon to Vanguard and his Roth, too.

We need to have a will done.

I'm also trying to figure out how we want to handle HSA money going forward. We will have $14,000 after this year and our account is transferring from Chase to HSA Bank. We will have the option to invest with TD Ameritrade with them. I think we will continue to max the HSA at $6,500 a year, guessing our medical expenses will be under 3k a year.

Is your HSA through your job? DH's company doesn't offer one, so we opened it on our own and I don't like the current bank, so I need to find a new one. We only have about $1k, so most accounts want to charge a fee. 

Thats great you have saved so much, I would like to start increasing our contributions. 

We have the option to select any provider for the HSA with my husband's company. When we opened it in 2013 (different job), we had to use Chase. Chase sold it to HSA Bank. I think we could transfer the money elsewhere if we really wanted, but I'm sure there is a fee to transfer.

[stretchad]

I've got over 6 figures sitting in a 401k from my old job that I need to roll over.
We need to open a self employed 401k for DH this year.
And I need to investigate college savings plans for DS. Right now $ is just sitting in an account.

[msmerymac]

- Top off my SEP IRA contributions for this year.
- Open a Roth IRA for H.
- Re-finance the house into a 15 year mortgage. This involves a long list of things, including getting the town to inspect the porch and give us a real certificate of occupancy, first.
- Look into an umbrella policy when our home/auto policy renews.
- work on wills, but ideally we wanted to wait until we had kids.

[UnderProtest]

Nothing much this year, maybe a good chunk of a retirement contribution when my husband gets his bonus. Next year should be interesting, we will have to pull out a chunk of money for a house and two cars. Blah.

[niq]

ugggggh

* file unclaimed property paperwork
* send the last (hopefully?) insurance check and related paperwork to the mortgage holder
* life insurance
* wills
* open up a GET for babyniq
* consolidate old 401ks into my current one.

ETA these lists should be called "money-do" lists, like "honey-do" lists.

[UnderProtest]

Aug 17, 2015 12:33:09 GMT -5 @vicmo said:

Aug 17, 2015 12:25:05 GMT -5 UnderProtest said:

Nothing much this year, maybe a good chunk of a retirement contribution when my husband gets his bonus. Next year should be interesting, we will have to pull out a chunk of money for a house and two cars. Blah.

Are you coming back to the States?

That's the plan.  I think it's bad that I'm already looking forward to this/dreading the move.

[Pom]

(((Meepmeep)))

[hulley]

I need to get my end of life paperwork drawn up. Morbid think about, but I have some strife preferences in this area and don't want my loved ones to have to wonder.

Set up a LLC before we purchase our first investment property.

[kadams767]

Last week DH and I both corrected our 401(k) contributions to be sure we each hit the max this year. DH's will be in effect in this week's check, which is sure to be a little painful to see as his net takehome now is very sad until the end of the year.

I also contacted our financial planner to begin the process of rolling my existing traditional IRA into a Roth this year, so that we can do at least one backdoor Roth contribution starting with a base of $0 in the traditional. Over time, we will need to decide if it makes sense to start rolling DH's traditional IRA over as well, but I'm having trouble swallowing paying the taxes that will be owed on that.

[gt7301b]

We need to do wills, but are TTC, so are kinda waiting to see how that all shakes out.

Mr. GT got the word that his life insurance was approved, so we are both good in that category.

[grover]

- up 403b contributions
- life insurance
- will
- savings account for IF treatments

[blondemoment123]

I'm determined to pay off my Amex by the end of the year.