From: Jack Schnapper Subject: Big Time Debt Problems Date: 22 Mar 2001 07:46:48 -0500 Due to circumstances that I am certain are familiar to some of you I have gotten myself (as well as my wife) very deep in debt. Of course we have the first mortgage and then the second mortgage that I took out to pay off all the plastic. Well, I didn't learn my lesson and got right back up there (actually much more) and my employment situation changed, greatly reducing our income. So here we sit owing an enormous amount of unsecured debt (plastic plus checking account overdraft line of credit). Recently I have been hearing from several of the credit card companies that they are very close to charging off our account as a bad debt. They then go on to tell me that they may still turn it over (or sell it) to a collection agency or attorney to try to collect whatever they can. I have been told that they could possibly file a lien against our house or even force us into bankruptcy. Our house has inflated quite a bit since we bought it 14 years ago and in our state (Maryland) only $7,500 in equity is protected. We have quite a bit more equity than that. We have considered refinancing but our credit scores are so bad that the best rate we can expect to get is @ 10% or more. Our existing first mortgage is a 15 year fixed rate loan (6.375%) with @ 7 years to go. Our second mortgage is for 30 years at @ 9.25%. If a credit card company writes off our account (and, from what I understand, deduct that amount from their income for tax purposes as a bad debt) can they still sell it to someone who will then harass and threaten us and possibly force us to either sell our house or to file for bankruptcy? I'd appreciate it if replies can be sent via email to jss@mailzone.com as well as posting them here for others to see. Thanks, Jack - ------------------------------------------------------------------------------- From: "Steve Crossland" Subject: RE: persfin-digest V5 #137 Date: 22 Mar 2001 07:35:39 -0600 Has the Digest been reinstated? - ------------------------------------------------------------------------------- From: Danny Shaw Subject: Roth IRA for minor Date: 22 Mar 2001 11:38:31 -0500 My wife has a S-corporate and currently she is the only employee of that company. Now, we are thinking to let the one-man-company hire my 15-year-old son (10 - 15 hours per week) so that we can setup a Roth IRA for him. My questions is: what kind of document do we need for tax reason. For example: 1. Does my son need any permission (from the Government) to be hired? 2. Does my wife have to prepare any document? 3. Need my wife to issue a W-2 Form to my son at the end of year? 4. Do my wife and/or my son need to pay social security tax? 5. Does my son have to file tax return individually at the end of the year? 6. Any other things should we know? Any help would be greatly appreciated. Thanks in advance! Danny - ------------------------------------------------------------------------------- From: BOB FORD Subject: ESTATE AND TAXES Date: 22 Mar 2001 19:42:33 -0500 What a surprise to get this list. I thought the list was dead. At one time it was a very active list and had a lot of good people to give some excellent help to others. = = >>Date: Wed, 02 Aug 2000 11:08:14 -0400 >From: Paul Slonaker >Subject: Tax Liability for Deceased Mother-In-Law > = >My mother-in-law died earlier this year, leaving my >wife and her two sisters as beneficieries and co-executors. >(My father-in-law had died in 1995.) She died in Florida, >which was her primary residence (she spent about half of the >year in New York). My questions have to do with her tax >liability. > = >For many years, starting well before my father-in-law's >death in 1995, my in-laws did not even file a Federal tax >return, having been advised by an accountant that their >income was low enough. My MIL continued this practice >after my FIL died. As far as I know, she did not file >returns for either New York or Florida as well. But when >I looked through her financial papers and found 1099 forms >for 1999 and 1998, it seemed to me that her income was >indeed high enough that she would have had to file - and would >have owed taxes. To be precise, for 1999 she had interest >and dividend income of about $10,400; after subtracting the >standard deduction ($4300) and exemption ($2750), she would >have owed about $500 at 15%. Her situation in 1998 was similar. > = >My questions: > = >1. Is my analysis correct? This seems very straightforward, >but I may be overlooking something. > I am not an attorney or tax pro but to determine if any tax was owed, you= need a lot more = information. Such as was any of the interest from tax exempt bonds (stat= e and municipal)? You also need to know if any estimated tax was paid. Were there some losses on stocks and/or mutual funds? = >> >2. What's the liability of the beneficiaries/executors? It >seems to me that the estate is liable for any back taxes and >penalties. If the estate doesn't pay them, are the >beneficiaries/executors individually or jointly liable? > There may be both state and federal back taxes due. However state laws differ so you should consult a tax person and probably an attorney in the state of residence. = In general the estate is liable for all debts of the person that died. The executor may be personally liable if estate debts are not paid and there are assets to pay them. Where it really gets interesting is when there are more debts than assets. When that happens you MUST get legal advice. >> = >3. How far back are we liable? It seems to me that we could >be liable for taxes owed by my MIL since my FIL's death, but >(I hope) not before that. My BIL, who was the executor for my >FIL's estate, claims that the lawyer who handled the estate did >not file a Federal income tax return. (It's also possible that >their/her tax situation changed sufficiently at his death that >she owed taxes afterward but they would not have owed taxes >before.) > = State and Federal tax laws differ on the length of time a person is liabl= e for taxes that have not been paid. I THINK federal rules are the IRS can go back 6= years if no tax return has been filed. = >> >4. Roughly speaking, how likely is it that this would ever >come back to haunt us? My SIL's are all for ignoring this >in hopes that we'll never be called on it. I think that that's >irresponsible, but I think that they would only be convinced >of this if they thought there could be major repercussions >later. > = >Thanks for your attention. > - -- Paul Slonaker >> = No one can answer the question, "Will I get caught not paying taxes that are due?". If you want to sleep at night, I strongly urge you to get professional ta= x and legal help. BOB FORD BOB_FORD@COMPUSERVE.COM = - ------------------------------------------------------------------------------- From: BOB FORD Subject: DEBTS Date: 22 Mar 2001 19:42:35 -0500 >> >Date: Thu, 22 Mar 2001 07:46:48 -0500 >From: Jack Schnapper >Subject: Big Time Debt Problems > = >Due to circumstances that I am certain are familiar to some of you I hav= e >gotten myself (as well as my wife) very deep in debt. Of course we have= >the first mortgage and then the second mortgage that I took out to pay o= ff >all the plastic. = >Well, I didn't learn my lesson and got right back up there (actually muc= h >more) and my employment situation changed, greatly reducing our income. = So >here we sit owing an enormous amount of unsecured debt (plastic plus >checking account overdraft line of credit). = >Recently I have been hearing from several of the credit card companies that >they are very close to charging off our account as a bad debt. They the= n >go on to tell me that they may still turn it over (or sell it) to a >collection agency or attorney to try to collect whatever they can. I ha= ve >been told that they could possibly file a lien against our house or even= >force us into bankruptcy. Our house has inflated quite a bit since we >bought it 14 years ago and in our state (Maryland) only $7,500 in equity= is >protected. We have quite a bit more equity than that. We have consider= ed >refinancing but our credit scores are so bad that the best rate we can >expect to get is @ 10% or more. Our existing first mortgage is a 15 yea= r >fixed rate loan (6.375%) with @ 7 years to go. Our second mortgage is f= or >30 years at @ 9.25%. = >If a credit card company writes off our account (and, from what I >understand, deduct that amount from their income for tax purposes as a b= ad >debt) can they still sell it to someone who will then harass and threate= n >us and possibly force us to either sell our house or to file for bankruptcy? > = >I'd appreciate it if replies can be sent via email to jss@mailzone.com a= s >well as posting them here for others to see. > = >Thanks, >Jack = JACK I am not an attorney and this is not legal advice. A debt is always a debt until it is paid. It does not make any differenc= e what the credit card company does with the debt. You will always owe it unless it is forgiven= by the creditor or it is paid. A forgiven debt is income to you and you must pay income tax on the= amount that was forgiven. However, I have never heard of a credit card company forgiving= a debt. A creditor can not harass and threaten you. They can simply ask you to pay the debt. They can even get a lien on you house. State laws are different but in most state= s a creditor can not force you to sell your house to satisfy a lien. No one can force you to file bankruptcy. There is a form of bankruptcy called involuntary bankruptcy. It is possible but very unlikely that a creditor will do that to a person. It is usually done to a business. You don't go to jail for not paying a debt unless you own to the government. You just get a bad credit report which means you will have a hard time getting credit in the= FUTURE. However in your situation , this is probably good. You have got to learn= to live within your income. From a creditor's position, granting credit is a business decision. They know some people will not pay what is owed. The just sell these debts for what the= y can get for them and move on. You could if you wanted to, treat credit as a business decision= also. You could just not pay. I do not know if this is the best thing to do in your situation. I= f you can do without additional credit for 7 years, these debts will be erased from your credi= t record. A word of caution about your mortgage. You have a low rate first and second mortgage. Keep paying the monthly payments on your mortgages. If you don't pay them, yo= u will loose your house in a foreclosure. GOOD LUCK BOB FORD BOB_FORD@COMUSERVE.COM - ------------------------------------------------------------------------------- From: Jeff Salisbury Subject: Re: Roth IRA for minor Date: 23 Mar 2001 07:41:28 -0700 Danny, Your son needs to formally be put on the payroll, pay all the associated payroll taxes, and file an tax return. You don't need any other government permission or documents. If he earns $2k or more in the year, he can save up to $2K into his Roth IRA... Jeff Danny Shaw wrote: > > My wife has a S-corporate and currently she is the only employee of that company. Now, we are thinking to let the one-man-company hire my 15-year-old son (10 - 15 hours per week) so that we can setup a Roth IRA for him. My questions is: what kind of document do we need for tax reason. For example: > > 1. Does my son need any permission (from the Government) to be hired? > 2. Does my wife have to prepare any document? > 3. Need my wife to issue a W-2 Form to my son at the end of year? > 4. Do my wife and/or my son need to pay social security tax? > 5. Does my son have to file tax return individually at the end of the year? > 6. Any other things should we know? > > Any help would be greatly appreciated. Thanks in advance! > > Danny > > - - ------------------------------------------------------------------------------- From: Jeff Salisbury Subject: Re: persfin-digest V5 #137 Date: 23 Mar 2001 07:42:02 -0700 Hi Steve, It never was eliminated. It's just that people stopped posting... Jeff Steve Crossland wrote: > > Has the Digest been reinstated? > > - - ------------------------------------------------------------------------------- From: "Ira Krakow" Subject: Becoming a Certified Financial Planner Date: 23 Mar 2001 10:55:43 -0500 I am thinking of changing careers and becoming a Certified Financial Planner. My goal is to do fee-only financial planning because I don't want to be seen as a salesperson hawking only the investments that generate commissions. I would like to work impartially for the client. I'm approaching retirement age and would like to specialize in retirement and estate planning. The reason for that is not only that I'm personally interested in this but I think there is a large market (baby boomers) who will be retiring fairly soon. I've looked at the College of Financial Planning course - you can take it over the Web - but I'm not sure if that's the best way to get into the field. Is it better to get the CFP credential first and then get an apprenticeship and/or hang out your shingle, or get some job experience first? I've also thought of combining this with the H&R Block tax course to get a more in-depth understanding of taxes. Any CFPs or others who have any insight, please post to the list or email me at ikrakow_1999@yahoo.com. Thanks. Ira _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: "Diane Howe" Subject: RE: Big Time Debt Problem Date: 24 Mar 2001 11:49:13 -0700 >Due to circumstances that I am certain are familiar to some of you I have >gotten myself (as well as my wife) very deep in debt. Jack- I'm afraid that your experience may be a trend in this day of overspending and undersaving. Recently, I read the term "money is a drug" which can be expanded to say "spending is a drug". Are you ready to kick the habit? If so, get yourself to a debt counselor. There are many volunteer, non-profit, debt counseling services out there - look in the phone book. It's not necessary to pay for this service. Some of the things that a debt counselor will work with you on are things like: - Negotiating the repayment of your debt with those you are indebted to - Cutting up your credit cards, perhaps saving one tucked away in a drawer and never used. - Paying cash for everything - Budgeting and looking for ways to reduce spending. For example, do you really need the deluxe cable package or pricy gym membership? - Reducing the stuff accumulated from the spending splurge. Can you sell some of this stuff? Maintaining "stuff" is an expensive habit. Good luck to you on this road of recovery. -Diane Howe - ------------------------------------------------------------------------------- From: Ken Stone Subject: welcome back and a question Date: 24 Mar 2001 20:48:49 -0500 In a message dated 3/24/01 at 12:03 PM -0700, BOB_FORD@compuserve.com wrote: > What a surprise to get this list. I thought the list was dead. > At one time it was a very active list and had a lot of good people to > give some excellent help to others Bob, my sentiments exactly. I have recently been recommended to a financial advisor who works for an outfit called Allmerica Financial. I am aware of the usual warnings regarding some advisors but I just do not have the time to keep on top of my savings. Considering that this is a solid reference from someone I know and trust, it is not as if I am answering a cold call or solicitation. Anyone have any knowledge of this group? Thanks, Ken - ------------------------------------------------------------------------------- From: Jeff Salisbury Subject: The digest of persfin is gone... Date: 25 Mar 2001 11:16:13 -0700 Hello everyone, I have eliminated the digest version of persfin. All subscribers of the digest version of persfin have been moved to the "regular" version of persfin. The reasons I made this change are: 1) Up until now, I have not allowed people to post non-text information to the persfin group (HTML, graphs, charts, etc.) The reason for this restriction is that any non-text information is completely illegible to our digest subscribers. However, these visually rich postings come through just fine to the "regular" posting. I think it may be time to allow these non-text, rich postings. It will add a lot to the discussion. 2) The main purpose of the digest version is to prevent people from having dozens of messages strewn about in their inbox. However, I suspect that there is not a person on this list who's mail program will not easily let them create a filter to automatically direct all persfin messages in their own folder the instant you receive them. I use Netscape mailer and it is a piece of cake to do this. Doing this, your inbox is kept clear, and you are free to click on your local "persfin" folder and sort and read the messages however suits you. Best Regards, Jeff - persfin admin/owner - ------------------------------------------------------------------------------- From: Jeff Salisbury Subject: How to unsubscribe... Date: 25 Mar 2001 11:43:40 -0700 Greetings, For those who do not want to remain with the persfin group due to the elimination of the digest, we will be sorry to see you go. However, I want to make your exit as convienient as possible. To unsubscribe, send a message to: majordomo@xmission.com In the body of your email, type: unsubscribe persfin Best Regards, Jeff PS You may want to wait until tommorow evening to send in your request due to some minor problems with the list software. - ------------------------------------------------------------------------------- From: "Ira Krakow" Subject: RE: welcome back and a question Date: 25 Mar 2001 17:38:40 -0500 Ken, I looked at their Web site (www.allmerica.com). It appears that they sell different types of insurance. The type of advice a representative (aka salesperson) might give you would be slanted towards insurance products. For example, if you asked for retirement advice, they might be tempted to recommend a variable annuity, since they sell them. That may be exactly what you need, or it may not. Variable annuities have high expense charges, which means income to Allmerica, and you may nor may not get the best investment alternatives. And even if a variable annuity is good for you, do you think the Allmerica representative might recommend another VA (like Vanguard) that might have lower expenses and/or better returns? In other words, you may be getting an insurance salesperson instead of a financial planner. It's very important to find out how the advisor is being compensated. Everyone's getting into the act - even my local bank has a financial planner. Brokers like Fidelity, Schwab, and Vanguard will do their version of "financial planning" if you ask (and sometimes even if you don't!). One interesting alternative is a fee-only financial planner. There, you pay for the plan, but presumably it's more impartial. So that's a charge you don't get from Allmerica. However, you have to ask if the advice you're given is biased and might cost you down the road in the form of higher expenses and or worse performance. There's an organization of fee-only planners (National Association of Personal Financial Advisors) at www.napfa.com where you can explore the issue further and get names of fee-only planners in your area. Hope this helps. Ira ikrakow_1999@yahoo.com -----Original Message----- [mailto:owner-persfin@lists.xmission.com]On Behalf Of Ken Stone Sent: Saturday, March 24, 2001 8:49 PM In a message dated 3/24/01 at 12:03 PM -0700, BOB_FORD@compuserve.com wrote: > What a surprise to get this list. I thought the list was dead. > At one time it was a very active list and had a lot of good people to > give some excellent help to others Bob, my sentiments exactly. I have recently been recommended to a financial advisor who works for an outfit called Allmerica Financial. I am aware of the usual warnings regarding some advisors but I just do not have the time to keep on top of my savings. Considering that this is a solid reference from someone I know and trust, it is not as if I am answering a cold call or solicitation. Anyone have any knowledge of this group? Thanks, Ken - _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - ------------------------------------------------------------------------------- From: ClaireZ@aol.com Subject: Re: welcome back and a question Date: 26 Mar 2001 13:00:52 EST wrong address, Ira, I was a member of your group, but i dropped out. I am not ken. but you can start sending stuff to me if you want to... claireZ@aol.com - ------------------------------------------------------------------------------- From: CTBrown1@aol.com Subject: Re: welcome back and a question Date: 26 Mar 2001 14:49:50 EST Take me off your list ASAP - ------------------------------------------------------------------------------- From: WILLTRUST@aol.com Subject: REMOVE Date: 26 Mar 2001 15:46:40 EST REMOVE - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: Jo Anne Freeman Subject: Re: welcome back and a question Date: 26 Mar 2001 12:59:55 -0800 Hi, Claire. I think you responded to the whole list. HJF ClaireZ@aol.com wrote: > wrong address, Ira, I was a member of your group, but i dropped out. I am > not ken. but you can start sending stuff to me if you want to... > > claireZ@aol.com > > - - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: Jo Anne Freeman Subject: Re: welcome back and a question Date: 26 Mar 2001 12:52:33 -0800 Hi, Ira. So good to hear from you. Are you in Florida or New England? Take care and know that I am happy to see the list again. Jo Anne Freeman Cal Poly ikrakow_1999@yahoo.com wrote: > Ken, > > I looked at their Web site - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: Jo Anne Freeman Subject: Re: welcome back and a question Date: 26 Mar 2001 13:02:21 -0800 Please don't respond to the whole list when you send mail back. Thanks. HJF CTBrown1@aol.com wrote: > Take me off your list ASAP > > - - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: ICMINC@aol.com Subject: Re: welcome back and a question Date: 26 Mar 2001 16:09:04 EST please note this is a mirrors list address. please do not respond to it. - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: Lee Slaughter Subject: change addr Date: 26 Mar 2001 13:15:11 -0800 (PST) Jeff, can you change my addr from lees@cts.com to lee@slaughters.com? tks. -- Lee Slaughter SPAWAR Systems Center San Diego lees@spawar.navy.mil 619.553.8815 --- "Giving credence to his ramblings indicates a cognitive disorder..." - Lee's psychiatrist, circa 1952 - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: SMabel555@aol.com Subject: suggestion Date: 26 Mar 2001 16:19:23 EST Jeff, Many mailing lists have a switch where the Admin can adjust who receives replies. Right now we are all receiving every reply, instead of them going directly back to the Admin, who can then direct them to the list. Or bring back the digest.... Thanks, Scott - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: Jeff Salisbury Subject: Re: suggestion Date: 26 Mar 2001 14:34:31 -0700 Good suggestion, Scott. I've turned on the moderation switch and will keep it on for the next few days until some of this confusion has settled down. Regards, Jeff SMabel555@aol.com wrote: > > Jeff, > > Many mailing lists have a switch where the Admin can adjust who receives replies. Right now we are all receiving every reply, instead of them going directly back to the Admin, who can then direct them to the list. > > Or bring back the digest.... > > Thanks, > Scott > > - - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: "Steve Crossland" Subject: RE: suggestion Date: 26 Mar 2001 14:13:59 -0600 Jeff, If enhanced functionality and richness is something the group desires, why not move the entire list to the FREE Egroups.com (now Yahoogroups.com) where there is a wide array of group hosting features. Group members can self-set their settings to their liking (every message, daily summary, daily digest, or web only). The features include an area to post files, set up databases, poll members, etc. you can even keep the current list configured as it is and use yahoogroups "remote group" feature to enhance the existing listserve. I remember enjoying this group many years ago and hope it picks back up but, for me, I don't want to monkey with individual messages or set up filters. Steve Austin TX - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: SMabel555@aol.com Subject: Re: suggestion Date: 26 Mar 2001 20:06:41 EST Concur. I belong to several yahoogroups- they're great. In a message dated 3/26/01 7:24:48 PM Eastern Standard Time, steve@AustinLandlord.com writes: << Subj: RE: suggestion Date: 3/26/01 7:24:48 PM Eastern Standard Time From: steve@AustinLandlord.com (Steve Crossland) Sender: owner-persfin@lists.xmission.com Reply-to: persfin@lists.xmission.com To: persfin@lists.xmission.com Jeff, If enhanced functionality and richness is something the group desires, why not move the entire list to the FREE Egroups.com (now Yahoogroups.com) where there is a wide array of group hosting features. Group members can self-set their settings to their liking (every message, daily summary, daily digest, or web only). The features include an area to post files, set up databases, poll members, etc. you can even keep the current list configured as it is and use yahoogroups "remote group" feature to enhance the existing listserve. I remember enjoying this group many years ago and hope it picks back up but, for me, I don't want to monkey with individual messages or set up filters. Steve Austin TX >> - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: "etsachs" Subject: Re: suggestion Date: 26 Mar 2001 17:04:26 -0800 >Or bring back the digest.... **Sounds good to me. - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: Mark Beaty Subject: RE: suggestion Date: 26 Mar 2001 18:20:10 -0700 (MST) Jeff, I agree, eGroups (yahoo groups) is very nice and gives the user (subscriber) options for how they receive their messages. Plus, lots of other great features. My 2 cents. Mark On Mon, 26 Mar 2001, Steve Crossland wrote: > Jeff, > If enhanced functionality and richness is something the group desires, why > not move the entire list to the FREE Egroups.com (now Yahoogroups.com) where > there is a wide array of group hosting features. Group members can self-set > their settings to their liking (every message, daily summary, daily digest, > or web only). The features include an area to post files, set up databases, > poll members, etc. you can even keep the current list configured as it is > and use yahoogroups "remote group" feature to enhance the existing > listserve. > > I remember enjoying this group many years ago and hope it picks back up but, > for me, I don't want to monkey with individual messages or set up filters. > Steve > Austin TX > > - > To subscribe or unsubscribe to persfin, send an email to: > "majordomo@xmission.com" > To subscribe put "subscribe persfin" in the email body. > To unsubscribe put "unsubscribe persfin" in the email body. > To see other list commands, put "help" in the email body. > Do not use quotes in your message. > - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: "L. Chen" Subject: Re: suggestion Date: 26 Mar 2001 22:04:55 -0500 (EST) On Mon, 26 Mar 2001, etsachs wrote: > >Or bring back the digest.... > > **Sounds good to me. Likewise here. > - > To subscribe or unsubscribe to persfin, send an email to: > "majordomo@xmission.com" > To subscribe put "subscribe persfin" in the email body. > To unsubscribe put "unsubscribe persfin" in the email body. > To see other list commands, put "help" in the email body. > Do not use quotes in your message. > - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: Ken Stone Subject: my two cents Date: 27 Mar 2001 09:17:47 -0500 Jeff, count me among those who would like to again receive digests. This list is barely surviving on life support. Anything that would cause even more members to unsubscribe would not help. I do not think that a discussion about finances should require fancy html messages and images. I find the individual messages to be quite annoying, even with a filter to an email-box. Ken - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: "Siegfried Rambaum" Subject: Re: my two cents Date: 27 Mar 2001 10:06:29 -0500 > Jeff, count me among those who would like to again receive digests. This > list is barely surviving on life support. Count me for digest, too. I was just about to unsubscribe, when I saw Ken`s post, and wondered if campaigning for digest-version would make it available again. With Digest, I will stay, without I will be gone by next weekend. - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: jeff.salisbury@xmission.com Date: 27 Mar 2001 08:59:15 -0700 (EST) Message-ID: <2f.12ed099d.27f207cf@aol.com> MIME-Version: 1.0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit X-Mailer: AOL 4.0 for Mac - Post-GM sub 56 Ditto. Please give us a digest option, even if it means moving to a group site like Yahoo. In a message dated 3/27/01 9:32:15 AM, krstone@mindspring.com writes: << I find the individual messages to be quite annoying, even with a filter to an email-box. >> - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: jeff.salisbury@xmission.com Date: 27 Mar 2001 09:00:50 -0700 (EST) Message-Id: <5.0.0.25.2.20010327101634.00aa1470@fsmail.pace.edu> X-Sender: glotto@fsmail.pace.edu (Unverified) X-Mailer: QUALCOMM Windows Eudora Version 5.0 Mime-Version: 1.0 Content-Type: text/plain; charset="us-ascii"; format=flowed X-Apparently-From: Glotto427@aol.com Please add my name to the list. - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: jeff.salisbury@xmission.com Date: 27 Mar 2001 09:01:08 -0700 (CST) Received: from epics.aps.anl.gov(164.54.8.141) by iota.aps.anl.gov via smap (V5.5) id xma015686; Tue, 27 Mar 01 15:20:57 GMT Received: from oxygen.aps.anl.gov (oxygen [164.54.52.4]) by epics.aps.anl.gov (8.9.3+Sun/8.9.3) with ESMTP id JAA29749 for ; Tue, 27 Mar 2001 09:20:57 -0600 (CST) Received: from aps.anl.gov (ptc12 [164.54.51.112]) by oxygen.aps.anl.gov (8.9.3+Sun/8.9.3) with ESMTP id JAA07261 for ; Tue, 27 Mar 2001 09:20:57 -0600 (CST) Message-ID: <3AC0AFC7.381D656C@aps.anl.gov> Organization: Argonne Nat'l Lab X-Mailer: Mozilla 4.75 [en] (Windows NT 5.0; U) X-Accept-Language: en MIME-Version: 1.0 References: <200103271506.KAA21486@emerald.lightlink.com> Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit I agree w/ the statement below. Siegfried Rambaum wrote: > > > Jeff, count me among those who would like to again receive digests. This > > list is barely surviving on life support. > > Count me for digest, too. I was just about to unsubscribe, when I saw Ken`s > post, and wondered if campaigning for digest-version would make it available > again. With Digest, I will stay, without I will be gone by next weekend. > > - > To subscribe or unsubscribe to persfin, send an email to: > "majordomo@xmission.com" > To subscribe put "subscribe persfin" in the email body. > To unsubscribe put "unsubscribe persfin" in the email body. > To see other list commands, put "help" in the email body. > Do not use quotes in your message. - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: jeff.salisbury@xmission.com Date: 27 Mar 2001 09:01:46 -0700 persfin@lists.xmission.com; Tue, 27 Mar 2001 09:45:33 -0600 Received: by excsrv15.mayo.edu with Internet Mail Service (5.5.2650.21) id ; Tue, 27 Mar 2001 09:45:32 -0600 Message-Id: MIME-Version: 1.0 X-Mailer: Internet Mail Service (5.5.2650.21) Content-Type: text/plain I'd personally prefer the digest too. That way I'll read all at once (or print out and read while in another meeting!). If we stay with individual emails then I can direct to an inbox folder as suggested, but that is more of a hassle and it is not as easy to read. However, it could stimulate more conversation as it is much easier to reply to an individual note than it is to extract one from a digest for reply. Either way, my desire to continue participating in this list will be based on the quality of information conveyed rather than the mechanics of presentation. Alfred Anderson - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: "Joni D. Maloy" Subject: Re: my two cents Date: 27 Mar 2001 09:46:20 -0600 I, too, vote for digest version asap - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: Shankar Prasad Subject: Re: Digest option Date: 27 Mar 2001 10:17:45 -0800 (PST) > > > Jeff, count me among those who would like to again receive digests. This > > > list is barely surviving on life support. > > > > Count me for digest, too. I was just about to unsubscribe, when I saw > Ken`s > > post, and wondered if campaigning for digest-version would make it > available > > again. With Digest, I will stay, without I will be gone by next weekend. I fully agree. If you bring back the digest, I will stay. Otherwise, I need to unsubscribe. I believe that lack of fancy graphics and html is a *good* thing in a discussion forum - it allows us to focus on what we are reading/writing without getting carried away by all the pretty stuff in MS-word. -- Regards Shankar Prasad shankar.prasad@Sun.Com - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: "Shirley A. Humphrey" Subject: Re: persfin-digest V5 #138 Date: 27 Mar 2001 10:56:08 -0800 I hope the answers to Ira's question on financial planning can be posted on the web site. I think several people would be interested in the responses. Thanks for your consideration. shirley humphrey At 12:03 PM 3/24/01 -0700, you wrote: >persfin-digest Saturday, March 24 2001 Volume 05 : Number 138 > > > >In this issue of the Personal Finance Digest: > > RE: persfin-digest V5 #137 > Roth IRA for minor > ESTATE AND TAXES > DEBTS > Re: Roth IRA for minor > Re: persfin-digest V5 #137 > Becoming a Certified Financial Planner > RE: Big Time Debt Problem > >The messages posted to the Persfin-Digest are opinions and are not >intended to substitute for qualified professional advice. Subscribers >should seek the services of qualified professionals for such advice. The >publisher, Internet provider, and Digest contributors cannot be held >responsible for any loss incurred as a result of the application of any >of the information provided here. > >To ask questions or provide answers, send your email to >"persfin-digest@lists.xmission.com". Also, you can "reply" to the >persfin-digest and your email tool should fill in the same address. >However, if you "reply", be sure to edit the subject field in your email >to reflect your topic. > >Copyright (c) 1999, Jeff Salisbury > >POSTED SUBSCRIPTION FEE: $20/year. Payment is optional. You will not >be billed. The Digest is available to all subscribers, whether or not >they pay. I do not discriminate either in favor of paying subscribers >or against nonpaying subscribers. If you feel that the information >presented here is worth the fee, and you feel comfortable paying it, >send cash, check, or money order (U.S. funds), payable to "Jeff Salisbury", >to: > > Jeff Salisbury > 65 North 1300 East > Logan, Utah 84321 > >Payment will be acknowledged by e-mail if you include an e-mail address. >Subscribe: e-mail majordomo@xmission.com, text: subscribe persfin-digest >Unsubscribe: e-mail majordomo@xmission.com, text: unsubscribe persfin-digest > >---------------------------------------------------------------------- > >Date: Thu, 22 Mar 2001 07:35:39 -0600 >From: "Steve Crossland" >Subject: RE: persfin-digest V5 #137 > >Has the Digest been reinstated? > >- - > >------------------------------ > >Date: Thu, 22 Mar 2001 11:38:31 -0500 >From: Danny Shaw >Subject: Roth IRA for minor > >My wife has a S-corporate and currently she is the only employee of that >company. Now, we are thinking to let the one-man-company hire my >15-year-old son (10 - 15 hours per week) so that we can setup a Roth IRA >for him. My questions is: what kind of document do we need for tax >reason. For example: > >1. Does my son need any permission (from the Government) to be hired? >2. Does my wife have to prepare any document? >3. Need my wife to issue a W-2 Form to my son at the end of year? >4. Do my wife and/or my son need to pay social security tax? >5. Does my son have to file tax return individually at the end of the year? >6. Any other things should we know? > >Any help would be greatly appreciated. Thanks in advance! > >Danny > >- - > >------------------------------ > >Date: Thu, 22 Mar 2001 19:42:33 -0500 >From: BOB FORD >Subject: ESTATE AND TAXES > >What a surprise to get this list. I thought the list was dead. >At one time it was a very active list and had a lot of good people to >give some excellent help to others. = > > = > > >>Date: Wed, 02 Aug 2000 11:08:14 -0400 > >From: Paul Slonaker > >Subject: Tax Liability for Deceased Mother-In-Law > > = > > >My mother-in-law died earlier this year, leaving my > >wife and her two sisters as beneficieries and co-executors. > >(My father-in-law had died in 1995.) She died in Florida, > >which was her primary residence (she spent about half of the > >year in New York). My questions have to do with her tax > >liability. > > = > > >For many years, starting well before my father-in-law's > >death in 1995, my in-laws did not even file a Federal tax > >return, having been advised by an accountant that their > >income was low enough. My MIL continued this practice > >after my FIL died. As far as I know, she did not file > >returns for either New York or Florida as well. But when > >I looked through her financial papers and found 1099 forms > >for 1999 and 1998, it seemed to me that her income was > >indeed high enough that she would have had to file - and would > >have owed taxes. To be precise, for 1999 she had interest > >and dividend income of about $10,400; after subtracting the > >standard deduction ($4300) and exemption ($2750), she would > >have owed about $500 at 15%. Her situation in 1998 was similar. > > = > > >My questions: > > = > > >1. Is my analysis correct? This seems very straightforward, > >but I may be overlooking something. > > > >I am not an attorney or tax pro but to determine if any tax was owed, you= > >need a lot more = > >information. Such as was any of the interest from tax exempt bonds (stat= >e >and municipal)? >You also need to know if any estimated tax was paid. Were there some >losses on stocks and/or >mutual funds? = > > >> > >2. What's the liability of the beneficiaries/executors? It > >seems to me that the estate is liable for any back taxes and > >penalties. If the estate doesn't pay them, are the > >beneficiaries/executors individually or jointly liable? > > > > >There may be both state and federal back taxes due. However state laws >differ so you should >consult a tax person and probably an attorney in the state of residence. = > >In general the estate is >liable for all debts of the person that died. The executor may be >personally liable if estate debts >are not paid and there are assets to pay them. Where it really gets >interesting is when there are >more debts than assets. When that happens you MUST get legal advice. > > >> = > > >3. How far back are we liable? It seems to me that we could > >be liable for taxes owed by my MIL since my FIL's death, but > >(I hope) not before that. My BIL, who was the executor for my > >FIL's estate, claims that the lawyer who handled the estate did > >not file a Federal income tax return. (It's also possible that > >their/her tax situation changed sufficiently at his death that > >she owed taxes afterward but they would not have owed taxes > >before.) > > = > >State and Federal tax laws differ on the length of time a person is liabl= >e >for taxes >that have not been paid. I THINK federal rules are the IRS can go back 6= > >years if >no tax return has been filed. = > > >> > >4. Roughly speaking, how likely is it that this would ever > >come back to haunt us? My SIL's are all for ignoring this > >in hopes that we'll never be called on it. I think that that's > >irresponsible, but I think that they would only be convinced > >of this if they thought there could be major repercussions > >later. > > = > > >Thanks for your attention. > > - -- Paul Slonaker > >> = > >No one can answer the question, "Will I get caught not paying taxes that >are due?". >If you want to sleep at night, I strongly urge you to get professional ta= >x >and legal help. > >BOB FORD >BOB_FORD@COMPUSERVE.COM > > = > >- - > >------------------------------ > >Date: Thu, 22 Mar 2001 19:42:35 -0500 >From: BOB FORD >Subject: DEBTS > > >> > >Date: Thu, 22 Mar 2001 07:46:48 -0500 > >From: Jack Schnapper > >Subject: Big Time Debt Problems > > = > > >Due to circumstances that I am certain are familiar to some of you I hav= >e > >gotten myself (as well as my wife) very deep in debt. Of course we have= > > >the first mortgage and then the second mortgage that I took out to pay o= >ff > >all the plastic. > = > > >Well, I didn't learn my lesson and got right back up there (actually muc= >h > >more) and my employment situation changed, greatly reducing our income. = > >So > >here we sit owing an enormous amount of unsecured debt (plastic plus > >checking account overdraft line of credit). > = > > >Recently I have been hearing from several of the credit card companies >that > >they are very close to charging off our account as a bad debt. They the= >n > >go on to tell me that they may still turn it over (or sell it) to a > >collection agency or attorney to try to collect whatever they can. I ha= >ve > >been told that they could possibly file a lien against our house or even= > > >force us into bankruptcy. Our house has inflated quite a bit since we > >bought it 14 years ago and in our state (Maryland) only $7,500 in equity= > >is > >protected. We have quite a bit more equity than that. We have consider= >ed > >refinancing but our credit scores are so bad that the best rate we can > >expect to get is @ 10% or more. Our existing first mortgage is a 15 yea= >r > >fixed rate loan (6.375%) with @ 7 years to go. Our second mortgage is f= >or > >30 years at @ 9.25%. > = > > >If a credit card company writes off our account (and, from what I > >understand, deduct that amount from their income for tax purposes as a b= >ad > >debt) can they still sell it to someone who will then harass and threate= >n > >us and possibly force us to either sell our house or to file for >bankruptcy? > > = > > >I'd appreciate it if replies can be sent via email to jss@mailzone.com a= >s > >well as posting them here for others to see. > > = > > >Thanks, > >Jack > = > >JACK > >I am not an attorney and this is not legal advice. > >A debt is always a debt until it is paid. It does not make any differenc= >e >what the credit card >company does with the debt. You will always owe it unless it is forgiven= > >by the creditor or it is >paid. A forgiven debt is income to you and you must pay income tax on the= > >amount that was >forgiven. However, I have never heard of a credit card company forgiving= > a >debt. > >A creditor can not harass and threaten you. They can simply ask you to >pay the debt. They can >even get a lien on you house. State laws are different but in most state= >s >a creditor can not force >you to sell your house to satisfy a lien. No one can force you to file >bankruptcy. There is a form >of bankruptcy called involuntary bankruptcy. It is possible but very >unlikely that a creditor will >do that to a person. It is usually done to a business. > >You don't go to jail for not paying a debt unless you own to the >government. You just get a bad >credit report which means you will have a hard time getting credit in the= > >FUTURE. > >However in your situation , this is probably good. You have got to learn= > >to live within your >income. From a creditor's position, granting credit is a business >decision. They know some >people will not pay what is owed. The just sell these debts for what the= >y >can get for them and >move on. You could if you wanted to, treat credit as a business decision= > >also. You could just not >pay. I do not know if this is the best thing to do in your situation. I= >f >you can do without >additional credit for 7 years, these debts will be erased from your credi= >t >record. > >A word of caution about your mortgage. You have a low rate first and >second mortgage. Keep >paying the monthly payments on your mortgages. If you don't pay them, yo= >u >will loose your >house in a foreclosure. > >GOOD LUCK >BOB FORD >BOB_FORD@COMUSERVE.COM > >- - > >------------------------------ > >Date: Fri, 23 Mar 2001 07:41:28 -0700 >From: Jeff Salisbury >Subject: Re: Roth IRA for minor > >Danny, > >Your son needs to formally be put on the payroll, pay all the associated >payroll taxes, and file an tax return. You don't need any other >government permission or documents. If he earns $2k or more in the >year, he can save up to $2K into his Roth IRA... > >Jeff > >Danny Shaw wrote: > > > > My wife has a S-corporate and currently she is the only employee of > that company. Now, we are thinking to let the one-man-company hire my > 15-year-old son (10 - 15 hours per week) so that we can setup a Roth IRA > for him. My questions is: what kind of document do we need for tax > reason. For example: > > > > 1. Does my son need any permission (from the Government) to be hired? > > 2. Does my wife have to prepare any document? > > 3. Need my wife to issue a W-2 Form to my son at the end of year? > > 4. Do my wife and/or my son need to pay social security tax? > > 5. Does my son have to file tax return individually at the end of the year? > > 6. Any other things should we know? > > > > Any help would be greatly appreciated. Thanks in advance! > > > > Danny > > > > - > >- - > >------------------------------ > >Date: Fri, 23 Mar 2001 07:42:02 -0700 >From: Jeff Salisbury >Subject: Re: persfin-digest V5 #137 > >Hi Steve, > >It never was eliminated. It's just that people stopped posting... > >Jeff > >Steve Crossland wrote: > > > > Has the Digest been reinstated? > > > > - > >- - > >------------------------------ > >Date: Fri, 23 Mar 2001 10:55:43 -0500 >From: "Ira Krakow" >Subject: Becoming a Certified Financial Planner > > I am thinking of changing careers and becoming a Certified Financial >Planner. My goal is to do fee-only financial planning because I don't want >to be seen as a salesperson hawking only the investments that generate >commissions. I would like to work impartially for the client. > > I'm approaching retirement age and would like to specialize in retirement >and estate planning. The reason for that is not only that I'm personally >interested in this but I think there is a large market (baby boomers) who >will be retiring fairly soon. > > I've looked at the College of Financial Planning course - you can take it >over the Web - but I'm not sure if that's the best way to get into the >field. Is it better to get the CFP credential first and then get an >apprenticeship and/or hang out your shingle, or get some job experience >first? I've also thought of combining this with the H&R Block tax course to >get a more in-depth understanding of taxes. > > Any CFPs or others who have any insight, please post to the list or email >me at ikrakow_1999@yahoo.com. > >Thanks. >Ira > > >_________________________________________________________ >Do You Yahoo!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- - > >------------------------------ > >Date: Sat, 24 Mar 2001 11:49:13 -0700 >From: "Diane Howe" >Subject: RE: Big Time Debt Problem > > >Due to circumstances that I am certain are familiar to some of you I have > >gotten myself (as well as my wife) very deep in debt. > >Jack- >I'm afraid that your experience may be a trend >in this day of overspending and undersaving. >Recently, I read the term "money is a drug" which >can be expanded to say "spending is a drug". Are >you ready to kick the habit? > >If so, get yourself to a debt counselor. There >are many volunteer, non-profit, debt counseling >services out there - look in the phone book. >It's not necessary to pay for this service. > >Some of the things that a debt counselor will >work with you on are things like: >- - Negotiating the repayment of your debt with > those you are indebted to >- - Cutting up your credit cards, perhaps saving > one tucked away in a drawer and never used. >- - Paying cash for everything >- - Budgeting and looking for ways to reduce spending. > For example, do you really need the deluxe cable > package or pricy gym membership? >- - Reducing the stuff accumulated from the spending > splurge. Can you sell some of this stuff? Maintaining > "stuff" is an expensive habit. > >Good luck to you on this road of recovery. > >- -Diane Howe > >- - > >------------------------------ > >End of persfin-digest V5 #138 >***************************** > >- >To unsubscribe to persfin-digest, send an email to "majordomo@xmission.com" >with "unsubscribe persfin-digest" in the body of the message. >For information on digests or retrieving files and old messages send >"help" to the same address. Do not use quotes in your message. - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: "Ira Krakow" Subject: Persfin changes Date: 28 Mar 2001 08:17:42 -0500 Hello again everyone! This is Ira Krakow (ikrakow_1999@yahoo.com). I'd like to announce major changes in persfin. First, I'm back! Jeff has asked me to resume the editorship of persfin, and I've accepted. I'd like to thank Jeff for maintaining the list for the past 3 years. We have the nucleus for a great mailing list and are positioned for renewing activity on the list. Second, persfin is moving! The new headquarters are at Yahoo-Groups, which has excellent features for Web-based group communication, such as: - User customizable settings (emails, digest, etc.) - Chat room - File uploads and downloads - Calendar - Polls (we can have surveys, asking questions like "Do you think the bear market is over?") - Posting of messages by Web and by email and (for me) many features that ease the moderator function. You can join immediately by going to: http://groups.yahoo.com You will need to get a Yahoo ID (it's free). Once you do that, you will see a "Search" box. Type in persfin and press ENTER. You can join at that point, which will allow you to post, chat, customize, upload, download, etc. I am going to send an email inviting all current subscribers of this list to join. To join, you simply reply to the email I send. For those without Web access, it is also possible to post and get emails by email, as with the current persfin. Use the following emails: Post message: persfin@yahoogroups.com Subscribe: persfin-subscribe@yahoogroups.com Unsubscribe: persfin-unsubscribe@yahoogroups.com So, see you all on Yahoo Groups! Watch for the invite email. Please be patient with me on any transition issues, and feel free to email me (ikrakow_1999@yahoo.com) with any questions or concerns. I'm excited to be back and look forward to welcoming all of you. Sincerely, Ira Krakow ikrakow_1999@yahoo.com _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: "Ira Krakow" Subject: Persfin changes Date: 28 Mar 2001 08:17:42 -0500 Hello again everyone! This is Ira Krakow (ikrakow_1999@yahoo.com). I'd like to announce major changes in persfin. First, I'm back! Jeff has asked me to resume the editorship of persfin, and I've accepted. I'd like to thank Jeff for maintaining the list for the past 3 years. We have the nucleus for a great mailing list and are positioned for renewing activity on the list. Second, persfin is moving! The new headquarters are at Yahoo-Groups, which has excellent features for Web-based group communication, such as: - User customizable settings (emails, digest, etc.) - Chat room - File uploads and downloads - Calendar - Polls (we can have surveys, asking questions like "Do you think the bear market is over?") - Posting of messages by Web and by email and (for me) many features that ease the moderator function. You can join immediately by going to: http://groups.yahoo.com You will need to get a Yahoo ID (it's free). Once you do that, you will see a "Search" box. Type in persfin and press ENTER. You can join at that point, which will allow you to post, chat, customize, upload, download, etc. I am going to send an email inviting all current subscribers of this list to join. To join, you simply reply to the email I send. For those without Web access, it is also possible to post and get emails by email, as with the current persfin. Use the following emails: Post message: persfin@yahoogroups.com Subscribe: persfin-subscribe@yahoogroups.com Unsubscribe: persfin-unsubscribe@yahoogroups.com So, see you all on Yahoo Groups! Watch for the invite email. Please be patient with me on any transition issues, and feel free to email me (ikrakow_1999@yahoo.com) with any questions or concerns. I'm excited to be back and look forward to welcoming all of you. Sincerely, Ira Krakow ikrakow_1999@yahoo.com _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: Klein Steven Subject: RE: Persfin changes Date: 28 Mar 2001 12:02:42 -0500 Did the search thing in Yahoo groups under "persfin", got message saying "Sorry, no matches were found for persfin." How do I join? -----Original Message----- Sent: Wednesday, March 28, 2001 8:18 AM Hello again everyone! This is Ira Krakow (ikrakow_1999@yahoo.com). I'd like to announce major changes in persfin. First, I'm back! Jeff has asked me to resume the editorship of persfin, and I've accepted. I'd like to thank Jeff for maintaining the list for the past 3 years. We have the nucleus for a great mailing list and are positioned for renewing activity on the list. Second, persfin is moving! The new headquarters are at Yahoo-Groups, which has excellent features for Web-based group communication, such as: - User customizable settings (emails, digest, etc.) - Chat room - File uploads and downloads - Calendar - Polls (we can have surveys, asking questions like "Do you think the bear market is over?") - Posting of messages by Web and by email and (for me) many features that ease the moderator function. You can join immediately by going to: http://groups.yahoo.com You will need to get a Yahoo ID (it's free). Once you do that, you will see a "Search" box. Type in persfin and press ENTER. You can join at that point, which will allow you to post, chat, customize, upload, download, etc. I am going to send an email inviting all current subscribers of this list to join. To join, you simply reply to the email I send. For those without Web access, it is also possible to post and get emails by email, as with the current persfin. Use the following emails: Post message: persfin@yahoogroups.com Subscribe: persfin-subscribe@yahoogroups.com Unsubscribe: persfin-unsubscribe@yahoogroups.com So, see you all on Yahoo Groups! Watch for the invite email. Please be patient with me on any transition issues, and feel free to email me (ikrakow_1999@yahoo.com) with any questions or concerns. I'm excited to be back and look forward to welcoming all of you. Sincerely, Ira Krakow ikrakow_1999@yahoo.com _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message. ------------------------------------------------------------------------------- From: "Ira Krakow" Subject: Status of persfin changeover Date: 28 Mar 2001 16:33:31 -0500 To all persfin subscribers, You should have received (at least) one email inviting you to change over to the new persfin list at Yahoo Groups. Some people might have received more than one email because I was experimenting early on. If you have received the email and wish to subscribe, just REPLY to the email, however it's done in your email software. To post via the Web go to: http://groups.yahoo.com/group/persfin You might also consider setting up a Yahoo Groups login. If you use Yahoo for other things (like email) it should work for Yahoo Groups as well. The Yahoo Search feature doesn't yet work for persfin. I think it's because originally I set the list up with egroups.com. Yahoo bought out egroups and probably hasn't updated their search engine for the new groups yet. I'll be writing to the Yahoo admin to try to straighten this out. There are a ton of nifty features that we should take advantage of, such as: - file upload and download - favorite links (feel free to add!) - chat room - calendar (we can plan forums and events!) - polls (we can vote on Bush's tax proposal) - database creation - promotion tools (if you have a Web site, you can include a link to subscribe to persfin) ..and many features that from a moderator's viewpoint, really help... We can make persfin something really special and unique - perhaps renewing that old spirit of cooperation that seems to have vanished from the Internet. Please post your suggestions, or email me (ikrakow_1999@yahoo.com) if you prefer. I look forward to sharing this experience with all of you. Sincerely, Ira PS - I have the list of persfin subscribers as of 3 years ago. I will be soliciting them to rejoin. It's an old list, but some of you may be on it. So if you receive *another* invitation to subscribe, and you're already subscribed, please ignore it. _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - To subscribe or unsubscribe to persfin, send an email to: "majordomo@xmission.com" To subscribe put "subscribe persfin" in the email body. To unsubscribe put "unsubscribe persfin" in the email body. To see other list commands, put "help" in the email body. Do not use quotes in your message.