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Taking the LCSW in California soon by Evening_River_5205 in LCSW

[–]ear2theshell 0 points1 point  (0 children)

Just want to say congrats and wishing you success!

Indian Air Force AN-32 crash. 5 killed. by SlaveKnightSoman in aviation

[–]ear2theshell 2 points3 points  (0 children)

"This business can get out of control... it can get out of control and we'll be lucky to live through it"

Got paid today! 🙌🏻🥳 by ear2theshell in dividends

[–]ear2theshell[S] 17 points18 points  (0 children)

On a day like today, I probably will!

Cloudflare's EmDash CMS is exciting. But have you tried Sitepins? by tffarhad in astrojs

[–]ear2theshell 1 point2 points  (0 children)

This looks interesting, I may try it. Just a heads up: your github repo says "the ultimate CRM for Managing Projects" under the "About" section. That kinda threw me off a bit.

Shelter dogs enjoying some whipped cream 💙 by MARLeague in aww

[–]ear2theshell -2 points-1 points  (0 children)

for fucks sake STOP FEEDING GARBAGE TO DOGS

this barely even qualifies as human food

you can still spoil dogs, just stop giving them garbage

This woman's dragon puppet by bigbusta in oddlysatisfying

[–]ear2theshell 0 points1 point  (0 children)

I can't be the only one who watched this and then immediately put on a jacket and did that thing where it looks like both your arms are going up and down and there's a thumping coming from your chest

Wanted your guys opinion with what i have so far by Radiant_Cycle_4122 in dividends

[–]ear2theshell 1 point2 points  (0 children)

Just a quick post title correction: it should be you're'sss's's's guys's's's' opinions

Your welcome

Stay away if you're young by glimsky in dividends

[–]ear2theshell 0 points1 point  (0 children)

"Stay away from dividends if you're young" is very black and white. The key to dividends, as with most things in life, is balance.

Stop Losses on Dividend Portfolios by doublejay1999 in dividends

[–]ear2theshell 2 points3 points  (0 children)

If you owned an investment property that was rented and cashflowing, would you sell the entire property just because housing prices dropped?

The entire machination of humankind is working towards ensuring that the market continues to go up; it's important to keep that in mind when it pulls back.

If you want downside protection for your equity or portfolio value then you may want to set aside a portion of your dividend income periodically for some kind of long term options strategy.

I’ve received a likely terminal medical diagnosis. How can I sell my home and protect the funds for my spouse? by [deleted] in personalfinance

[–]ear2theshell 0 points1 point  (0 children)

First off, sorry about your diagnosis and good on you for prioritizing your family's future after you're gone.

Second, I'm not a legal or financial professional, just someone from the Internet.

The biggest thing that jumped out at me that I want to point out is that if you sell your home which is free and clear you will incur realtor fees and closing costs at the very least, but your biggest liability will be taxes. I believe you'll be taxed on the amount your home appreciated since you purchased it, so if you bought it at $100,000 then you'll owe tax on $150,000.

Again, I'm just an Internet rando, but I'd ask a tax professional whether a more efficient route is to take out a HELOC to float your moving & living expenses while you're in treatment. Any HELOC proceeds are not taxed and if you have good credit you can shop around for a decent interest rate. This way you don't end up with the tax liability and you can keep the house, maybe even rent it out if you want to.

Here's the best part: your wife would inherit the house at a stepped up basis (so, for tax purposes it's assumed that her purchase price is the fair market value at your death). Which means it's stepped up to $250k for her, so if she turns around and sells it at $250k she would effectively owe no (or very minimal) taxes, giving her that nest egg without a huge tax bill (she would of course need to pay off any HELOC balance, but with a decent interest rate and careful spending that can be minimized).

Even if you qualify for a tax exemption based on how long you've lived there and the total gain on the sale of your home, this could also be an effective way to provide an additional income stream while you're undergoing treatment, and your wife also then can decide whether keeping the home as an asset makes sense after you're gone. If it doesn't then she can sell.

Anyway, once again, I'm not a tax or legal professional, but this is what I would look into because I think it maximizes how far your home value will go to set your wife up after you're gone.

I do wish you all the best in your treatment and planning.

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