Thursday, December 16, 2010

Getting time to balance and close the accounts...


I received a warning notice again, for my mother, about some stock that is soon to fall into the State of West Virginia's hands as unclaimed - since my father's death. My sister knows about it, and will probably get it fixed as soon as the amount falls into the state's hands - but we don't seem to be in a hurry to claim it through the fine fellows that keep sending her notices that they would help her out for a fee...
but it jars me to keep working on consolidating my own vast (just kidding) piles of plunder I left in various places as I kept moving at the whims of the Department of the Army. One of the piles of plunder is maturing on the 23rd of December, contact that institution, contact the institution I want to move it to, and make notes, sign papers and send off in the mail. I am sure most of many things can be done in email, but the internet is full of holes, so spies and assassins lie in wait for my fumble fingered mistakes, where is Kit Carson and the Pony Express when one needs them?

Calling on the telephone, this call was recorded, finding the helpful Concierge (no, I had no idea how to spell it) in Valley Forge (I jumped in that park in August of one year - beautiful thick grass to land upon) but I know now how to execute a proper indirect rollover. I have done some before, but allowed myself more time for proper transfer paperwork. Second call, typed letter, made copies, envelope and seal, stamp and send with Christmas cards. Await the check.

One of the reasons that I don't think much of Congress was taking a very simple IRA program, deposit up to $2000 of earned income per year and get the same amount entirely deducted from your income for tax purposes, allow to grow untaxed. Then they started fooling with the amount based on individual incomes and how much could be deducted, and we have to then adjust how much tax one pays based on how much of your IRA was taxed or not (bias?). Only lawyers with accountants have to love that, not the working public, drove individual investor tax payers away. Yes, it did. It was too painful to participate - we would rather get tired at work and slumber at home than work twice as hard to go only so far and then have to work again in retirement trying to figure out how much is to be paid.... ugly tax code. They did say if you wanted to carve a statue like David you couldn't give it to a group of politicians - they wouldn't have allowed a religious figure to be seen naked in public without some kind of tax, would they? Not without a balancing one of Goliath laying in the mud and the blood with his head cut off.

2 comments:

Old NFO said...

Don't get me started on IRA set-asides... sigh... I make too much to be "allowed" to donate to my IRA tax free!

Earl said...

When I found out that one can't donate everything one makes in a year to charity and pay no taxes, I knew that the Congress only has its own interests at heart - not the benefit of mankind... ugly folks there, do you think they care? not I.


wv - baimpre Congress spells blood sucking souls...