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persfin-digest       Sunday, September 20 1998       Volume 05 : Number 051



In this issue of the Personal Finance Digest:

       When to refinance a mortgage?
       Any Tax-Aide Volunteers in SF Bay Area???
       Re: Mutual Fund Results
       QUESTION about Tax Brackets...
       Reaching age 70.5 in Dec 98
       Re: house sitters

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Date: Tue, 15 Sep 1998 14:49 -0500
From: "Robert Loeser" <[e-mail]>
Subject: When to refinance a mortgage?


     I keep watching the mortgage rates drop.  How many points below my
     original rate should they fall before I consider refinancing?



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Date: Tue, 15 Sep 1998 13:46:44 -0700
From: [e-mail]
Subject: Any Tax-Aide Volunteers in SF Bay Area???

Persfiners living in the San Francisco Bay area, are you interested in
volunteering as Tax-Aides/Tax Counselors for the Elderly??

This free service is provided by volunteers. The program is administered by
AARP Foundation nationwide, with cooperation from the IRS. We prepare
federal and state income tax returns for middle- to-low income people, with
emphasis on seniors, age 60+. Volunteers attend 40 hours of IRS training
and commit to at least 40 hours of service between Feb 1 and Apri 15.

If you wish to volunteer or have more information, e-mail me:   [e-mail]

SUBJECT: Tax-Aide Prospective Volunteer SF Bay

Include your full name, age (must be an adult), address including zip code,
telephone number.

If you are in Contra Costa County, we will contact you directly. If you are
in another county in the SF Bay area, we'll pass your info to the county
coordinator.

If you live elsewhere or feel more comfortable sending your vital info to
AARP directly, you can access their web site at:
http://www.aarp.org/taxaide/home.html

Or you can e-mail your info to: [e-mail]

Or call: 1-888-AARPNOW    1-888-227-7669

Frank W. Kafer, District Coordinator, Contra Costa County, CA
[e-mail]


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------------------------------

Date: Tue, 15 Sep 1998 19:30:08 EDT
From: [e-mail]
Subject: Re: Mutual Fund Results

In a message dated 9/15/98 10:20:40 AM Eastern Daylight Time, owner-persfin-
[e-mail] writes:

> Date: Mon, 7 Sep 1998 17:46:41 EDT
>  From: [e-mail]
>  Subject: Mutual Fund Results
>
>  Can anyone tell me if there is a free web site that will list the top 25
>  mutual funds for the prior month and/or for the prior week?  Any help is
>  appreciated.

There are several sites that publish their list of the "best" mutual funds,
but what good are they?  For example, suppose I read Money magazine and bought
their best 5 mutual funds.  What would I do next year when the top 5 were
different -- sell mine and buy 5 different ones?  To me it makes more sense to
find a very good mutual fund manager and then buy the mutual fund he or she
manages.  Then I would stick to it unless something drastic happened.  After
all, mutual funds should be long term investments and we shouldn't turn around
and sell them because their "ranking" slipped a point or two.

Just my opinion, not advice.  What does anyone else think?

Tom

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Date: Wed, 16 Sep 1998 00:17:38 -0400
From: Baynon <[e-mail]>
Subject: QUESTION about Tax Brackets...

Can someone Tell me what the Federal (and STATE if applicaple) TAX
BRACKETS are and what the different taxation rates for these brackets
are?

Thanks in advance,
C Baynon
- --
mailto:[e-mail]
- ---

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Date: Wed, 16 Sep 1998 01:16:31 -0400
From: "Marshall Farr" <[e-mail]>
Subject: Reaching age 70.5 in Dec 98

    I was 70 in June 98, and I know I have to start divesting myself of
some of my IRA and Keogh investments.  Can someone point me to an
appropriate web site (or any other source of definitive info) that
gives an understandable explanation of the process and the actuarial
choices one has to select from?  What forms need to be filed?  I
assume one gets them from IRS, but I wrote them over 5 weeks ago, and
haven't received a response of any kind.  Are all tax-deferred
retirement investments such as IRAs and Keoghs counted together in
order to compute the current value of one's relevant investments?  As
of what point in time does one figure that current value?
    Do any of the large fund operations such as Dreyfus, Vanguard,
Fidelity, etc issue any free or low-cost booklets that explain how,
when and what?  Thanks.

Marshall Farr <[e-mail]>


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------------------------------

Date: Sun, 20 Sep 1998 09:31:17 EDT
From: [e-mail]
Subject: Re: house sitters

Hi

My sisters and I have been left with a very complicated situation since our
Mom died.  She had a 37 acre horse farm (in need of repair).  My three
handicapped brothers all lived with her.  We are now trying to sell the farm
and move my brothers.  The farm may take a long time to sell.  Since May we
have been taking turns staying at the farm and caring for the brothers.  This
has been very difficult on us and our families. In November we plan to move
the guys out but need to get a house sitter.  We are still running the
boarding stable and there needs to be someone here at night for security
reasons.  How do you get a house sitter.  Do they pay some nominal rent.  This
is a big house (almost 5000 square feet) and the utilities are high.  Any
advice would be appreciated.  There are many more issues to deal with here but
I'll start with this.  TIA  Nora

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End of persfin-digest V5 #51
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