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Re: How is your Betterment Account performing?

Interesting. I'm not in "Betterment", though I've seen the ads. I have money tied up in Vanguard's Total Stock Market Index Fund. It's done very well in the recent past. (I also have some in Total Bond Market Index that's been largely stagnant in the same time frame.) What exactly is it th...
by N1CKV
Wed Mar 04, 2015 2:33 pm
 
Forum: Investing - Theory, News & General
Topic: How is your Betterment Account performing?
Replies: 17
Views: 1492

Re: Generating pre-retirement income from portfolio, and mor

I don't see why he would not use some of the life insurance proceeds to get rid of the mortgage completely, the impact would be huge for his day to day cash flow. It might even fix it to where he could cash flow the remaining expenses (less college, which again could come from the life insurance pro...
by N1CKV
Tue Mar 03, 2015 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Generating pre-retirement income from portfolio, and more
Replies: 7
Views: 925

Re: Do you consider mortgage payments as savings?

I count mortgage payments as an expense. I count mortgage loan balance as a liability when calculating net worth. So making mortgage payments help net worth . You are still confused. Making a mortgage payment increases your equity in the home. It does nothing for your overall net worth. Actually it...
by N1CKV
Tue Mar 03, 2015 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 316
Views: 12745

Re: Claiming theft on tax return

I was thinking that mother in law's homeowner's would cover her house guests? Maybe I'm crazy. I know it wouldn't cover a tenant, but I thought my homeowner's covers items belonging to others temporarily at my home. You might look in to that if she is filing a claim.
by N1CKV
Mon Mar 02, 2015 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Claiming theft on tax return
Replies: 4
Views: 524

Re: Trying to avoid extra $100/mo. to keep min balance on es

The easy way is to contact your home insurer and have them cancel your current policy exactly 6 months from when your property taxes are due and have them start a new policy on the same date. It will take a year for everything to even out, but from that point forward you will have the minimum amount...
by N1CKV
Mon Mar 02, 2015 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to avoid extra $100/mo. to keep min balance on escrow
Replies: 13
Views: 727

Re: Old car insurance

for the question of keeping comprehensive and dropping collision:
I haven't but would because I'm willing to take personal responsibility for my own actions, but I don't want the risk from an act of nature or uninsured/underinsured or hit and run driver.
by N1CKV
Sat Feb 28, 2015 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Old car insurance
Replies: 39
Views: 2730

Re: Do you consider mortgage payments as savings?

if you consider it savings because it increases net worth you are wrong. You did not increase net worth by making the payment. You used cash from your net worth to decrease a liability. It's neutral to net worth. It's merely an exchange of asset type.

edit: post above me beat to it
by N1CKV
Sat Feb 28, 2015 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 316
Views: 12745

Re: Car Accident in Front Yard

Regardless, the vehicle caused property damage including damage to your yard and deposited debris.
That's what liability insurance (on the car) is for. I don't see why any of the other details (intoxicated or not, friend's car, etc.) would make any difference.
by N1CKV
Fri Feb 27, 2015 10:55 am
 
Forum: Personal Consumer Issues
Topic: Car Accident in Front Yard
Replies: 30
Views: 2297

Re: Are remote starters bad for cars?

I have factory remote start on my truck. It comes in handy when I'm not at home and have ice on my windows. The beauty of factory installed remote starter is that it's fully integrated with the vehicle. No matter what I leave my climate controls on it changes them to appropriate settings for the con...
by N1CKV
Fri Feb 27, 2015 8:53 am
 
Forum: Personal Consumer Issues
Topic: Are remote starters bad for cars?
Replies: 41
Views: 2540

Re: Old car insurance

Anyone have any insight on how to find out what the 'max payout' would be on a collision insurance claim for a particular vehicle? Let me clarify, do they give you Kelly Blue book value at 'Retail' or at 'Trade In'? Big difference there. Or do they use another third party tool for this evaluation (...
by N1CKV
Thu Feb 26, 2015 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Old car insurance
Replies: 39
Views: 2730

Re: HSA Account Was Compromised

Your 1099 should not have been your first indication of excessive distributions. What were you monthly statements showing? Were you periodically checking your account online? I certainly wouldn't have taken the actions you took until I reviewed the distributions in my account to see what exactly wh...
by N1CKV
Wed Feb 25, 2015 9:17 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA Account Was Compromised
Replies: 8
Views: 738

Re: Online Bill Pay question

I know with Ally I can have the online bill pay automatically receive the electronic bill and it sets up a automatic ACH payment to pay it in full 3 days before the due date. For some reason my Capital One 360 account does allow a "pay in full" option, so you may or may not have this optio...
by N1CKV
Thu Feb 19, 2015 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay question
Replies: 4
Views: 411

Re: Credit Score got hit hard

Quickfoot, Can Mint or some software like that be programed to your laptop or phone to give you a list each month that you can check or auto check to see if things have been paid or billed correctly? Mint can be used in this way, kind of. It automatically downloads transactions. It can instantly sh...
by N1CKV
Thu Feb 19, 2015 8:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit Score got hit hard
Replies: 41
Views: 3863

Re: Prorating Tax Refund with Dear Wife

Based on the numbers you gave, it looks like with just her income and deductions included she is owed a refund of $3336 (2267 plus $1069). You by yourself OWE $834 to Uncle Sam (since that's how much her refund is reduced by when your info is added). So technically you need to give her the whole re...
by N1CKV
Wed Feb 18, 2015 10:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Prorating Tax Refund with Dear Wife
Replies: 18
Views: 1714

Re: Read WSJ every day ?

I had to subscribe back when I was attending school for my bachelor's. I enjoyed reading certain parts of the paper more than I expected, that said, I did not renew my subscription after that required semester.
by N1CKV
Mon Feb 16, 2015 9:43 am
 
Forum: Personal Consumer Issues
Topic: Read WSJ every day ?
Replies: 86
Views: 4992

Re: Help with Inheritence management & high cost 401(k) opti

First question:
Did you make a maximum contribution for your 2014 IRA? If not, why? (you have until April 15, 2015)
by N1CKV
Fri Feb 13, 2015 2:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Inheritence management & high cost 401(k) options
Replies: 7
Views: 573

Re: Traditional IRA to Roth. What do I do with 1099R

The 2013 tIRA was non-deductible. I do not have any form 8086. I am trying to contact the CPA who filed my taxes last year to get this or figure out where an error might be. If I get the form 8086 what am I supposed to do with it in relation to the 1099R I currently have, What form do I have to rep...
by N1CKV
Thu Feb 12, 2015 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA to Roth. What do I do with 1099R
Replies: 15
Views: 1001

Re: Deferred Compensation

Is this a qualified plan that can be rolled in to an IRA? (like a 457b?) If so what age would you retire? If it's after 59.5 then take a lump sum rolled over to a tIRA and you can manage the tax as you go. If you will be under 59.5, will you need the money before 59.5? If so then it's the same answer.
by N1CKV
Thu Feb 12, 2015 1:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Deferred Compensation
Replies: 9
Views: 673

Re: Traditional IRA to Roth. What do I do with 1099R

Are you saying the 2013 tIRA contribution was a non-deductible contribution? If so you should have form 8606 from 2013 and you need to use it again in 2014.
http://www.irs.gov/uac/Form-8606,-Nondeductible-IRAs
by N1CKV
Thu Feb 12, 2015 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA to Roth. What do I do with 1099R
Replies: 15
Views: 1001

Re: TaxAct: Phish or ID Theft?

It sounds like at least a phone call or email to TaxAct is warranted. I thought about that but I would prefer to keep my name and SSN out of their system. I'm not sure what they would tell me about the name that was inserted in this email since it isn't my name and the name I registered with isn't ...
by N1CKV
Fri Feb 06, 2015 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: TaxAct: Phish or ID Theft?
Replies: 12
Views: 860

Re: Tax help for new Boglehead

as far as contributions to an IRA, just print out the screen showing those figures, you don't need an actual form, just the number.

I'm puzzled why you would even bother paying someone to do something as simple as completing a tax return when you can use the same software online for free.
by N1CKV
Fri Feb 06, 2015 9:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax help for new Boglehead
Replies: 4
Views: 416

Re: Paying for credit reports?

I had the same thing happen last year when I checked my reports. I just mailed in the request and received the reports by mail a few weeks later.
by N1CKV
Thu Feb 05, 2015 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for credit reports?
Replies: 13
Views: 456

Re: Credit for an Inaccurate Bill

That's ridiculous. I would dispute the $15 charge. Notify the Credit Card company that this company is continuing to make unauthorized charges to your account. Have them cancel the card number and issue a new number.
by N1CKV
Mon Feb 02, 2015 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit for an Inaccurate Bill
Replies: 18
Views: 1338

Re: W-4 - Change Marital Status?

Without exact amounts involved it's hard to say. Your best bet is to find a good paycheck calculator online and run the numbers through to see what would be withheld on various statuses. At that point either calculate your final income tax manually or use Tax Caster for a ballpark of the number and ...
by N1CKV
Thu Jan 29, 2015 8:36 am
 
Forum: Personal Finance (Not Investing)
Topic: W-4 - Change Marital Status?
Replies: 7
Views: 559

Re: New car safety features

I wouldn't purchase a new vehicle just for new safety features. (my current truck is 6 years old) *I really like the idea of blind spot indicators. I drive a full sized truck and it's hard to see the little gocarts zipping around in traffic sometimes. I don't have the blind spot indicators, but woul...
by N1CKV
Tue Jan 27, 2015 11:16 am
 
Forum: Personal Consumer Issues
Topic: New car safety features
Replies: 70
Views: 3851

Re: Nationwide 457B share totals don't match transaction his

Their fee structure isn't straight forward. Here's a topic I started asking about some questionable things in the past: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=133348 Here is the source PDF from Nationwide that I took that info from: https://www.nrsforu.com/tcm/snocodeferredcomp/stat...
by N1CKV
Tue Jan 27, 2015 8:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Nationwide 457B share totals don't match transaction history
Replies: 2
Views: 380

Re: Able to 'roll over' an OH teacher tax-deferred retiremen

I replied to your post on arfcom, I'll repeat it here: YES. Most public pensions are like this from what I can tell (mine is). If she wasn't in it long enough to be vested, then her contributions can be refunded. If you take those funds directly and keep them you will be taxed on the distribution. H...
by N1CKV
Tue Jan 27, 2015 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Able to 'roll over' an OH teacher tax-deferred retirement?
Replies: 7
Views: 587

Re: Consolidate 401Ks?

Unless you plan to use a backdoor Roth IRA there is no reason not to do it.
You would be able to move it to a custodian of your choice. Most 401k plans don't have the best choices in funds, by transferring it to an IRA your choices are essentially infinite.
by N1CKV
Fri Jan 23, 2015 2:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consolidate 401Ks?
Replies: 3
Views: 367

Re: Rolling over a 457b play to vanguard

It is my understanding that this is true of a non-governmental 457b plan. However, your plan seems to be a governmental 457b plan. I do not think it is subject to the city's creditors. It is my understanding that money is yours, period. correct If the annuity is paying 3.5%, that is pretty tough to...
by N1CKV
Thu Jan 22, 2015 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rolling over a 457b play to vanguard
Replies: 6
Views: 545

Re: Where to open a free business checking account?

Check your local banks. I have a free business account with a local bank that I have no other affiliation with. I went to them after Capital One decided that they were not interested in Small Business customers anymore.
by N1CKV
Wed Jan 21, 2015 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Where to open a free business checking account?
Replies: 16
Views: 1284

Re: Visa Black card, not bad after all?

Here's my take on the "Visa Black Card": It's features mirror that of any other Visa Signature card... do you want no spending limit? Visa Signature states a spending limit, but in reality that's a guideline. You are allowed to exceed it within reason as long as your next payment brings yo...
by N1CKV
Thu Jan 15, 2015 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Visa Black card, not bad after all?
Replies: 8
Views: 1944

Re: Max HSA contribution calculation

both. HSA contributions are all inclusive - unlike a 401K.
by N1CKV
Thu Jan 08, 2015 10:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Max HSA contribution calculation
Replies: 3
Views: 651

Re: should I stop 401K contributions as I ready to retire?

Roth and Roth conversions are not doable due to existing traditional IRA holdings. You seem confused. They are suggesting Roth 401k Contributions (if your plan has a Roth option), which Traditional accounts do not exclude. (IRA conversions are a different story, but aren't relevant for this questio...
by N1CKV
Thu Jan 08, 2015 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: should I stop 401K contributions as I ready to retire?
Replies: 24
Views: 2430

Re: How to break up with an advisor

He's not your friend. You were paying him very well to be nice to you. It's a business relationship that has expired. You aren't hurting his feelings, just his pocketbook.
by N1CKV
Mon Jan 05, 2015 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to break up with an advisor
Replies: 33
Views: 3227

Re: Engaged - marriage penalty & other practical concerns

I just ran some numbers on my income numbers and my fiance's. It looks like we are on the otherside, we will actually get a marriage "bonus". While it does work in my favor (at least for now), I think it's ridiculous. Ridiculous is a bit harsh, since it usually turns out you're ridiculing...
by N1CKV
Tue Dec 30, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engaged - marriage penalty & other practical concerns
Replies: 50
Views: 3919

Re: Engaged - marriage penalty & other practical concerns

I just ran some numbers on my income numbers and my fiance's. It looks like we are on the otherside, we will actually get a marriage "bonus". While it does work in my favor (at least for now), I think it's ridiculous. Another instance of "marriage penalty" that I've noticed: Real...
by N1CKV
Mon Dec 29, 2014 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engaged - marriage penalty & other practical concerns
Replies: 50
Views: 3919

Re: Client Not Letting Independent Contractor Use LLC?

Just set up a new LLC. I know in my state I can do it instantly online, then go to the IRS website and you can instantly get a TIN. It's not that hard.

Use the other LLC for something else or just let it expire.
by N1CKV
Mon Dec 29, 2014 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Client Not Letting Independent Contractor Use LLC?
Replies: 32
Views: 2927

Re: Roth with all income deferred

I would plan to have AT LEAST enough taxable income (after saver's credit, personal exemption and standard/itemized deductions) to fill the 10% bracket. For a single person with standard deduction that's around $20,000. If you hadn't thought about this already, now you know. If you don't understand ...
by N1CKV
Wed Dec 24, 2014 8:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth with all income deferred
Replies: 7
Views: 852

Re: Vacuum Food Sealers - Love it or gimmick?

I use one for packaging venison. There is no better way to seal up fresh deer backstrap and roasts. I usually end up with 3-4 deer in a season and they last me the full year without freezer burn. I do package my ground deer in 1 lb. packs using Ziploc brand quart sized bags, just because if I can pa...
by N1CKV
Tue Dec 23, 2014 2:49 pm
 
Forum: Personal Consumer Issues
Topic: Vacuum Food Sealers - Love it or gimmick?
Replies: 23
Views: 3117

Re: Does it matter where you refill an RX.....

It can matter drastically.
My fiance had a maintenance prescription that was ~$40 at Walgreens, Walmart 2 doors down had the same prescription on their $4 list.
by N1CKV
Wed Dec 17, 2014 10:07 am
 
Forum: Personal Consumer Issues
Topic: Does it matter where you refill an RX.....
Replies: 4
Views: 1047

Re: Convince Wife About Value of IRA - Good Resources

If your spending is quite low relative to income, then it's likely not to be sky high in retirement (although that could change if you love to travel, etc.). If your spending will be lower in retirement, then chances are the amount you'd be taking out of retirement accounts (via RMD's or extra) is ...
by N1CKV
Mon Dec 15, 2014 4:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convince Wife About Value of IRA - Good Resources
Replies: 13
Views: 1149

Re: Convince Wife About Value of IRA - Good Resources

If it's money you won't need until retirement, why would you voluntarily pay tax on it's earnings today when you can invest it in a Roth Account and let it grow tax free for your lifetime? Also, your Roth contributions are accessible after they have been in the plan for 5 years, so they aren't locke...
by N1CKV
Mon Dec 15, 2014 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convince Wife About Value of IRA - Good Resources
Replies: 13
Views: 1149

Re: DMV and smog check issues

Typically, when you show up to get a car "smogged" (inspected, brake tag, emissions check, etc.) you will need a valid registration and proof of insurance. Typically to get a valid registration you will need proof of liability insurance.
by N1CKV
Fri Dec 05, 2014 4:49 pm
 
Forum: Personal Consumer Issues
Topic: DMV and smog check issues
Replies: 6
Views: 717

Re: [Poll] What's Your Tax Prep Strategy?

none of the above. I have a spreadsheet that tracks each paycheck from gross through deductions to net. The same spreadsheet has inputs for other types of income, itemized deductions (and determines if standard deduction would be better). It calculates AGI, taxable income, taxes due, taxes paid and ...
by N1CKV
Thu Dec 04, 2014 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] What's Your Tax Prep Strategy?
Replies: 70
Views: 5073

Re: I think I might have goofed.........

why can't you send Vanguard the beneficiary information yourself?
by N1CKV
Wed Dec 03, 2014 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: I think I might have goofed.........
Replies: 15
Views: 2733

Re: Best market solution for a large car/SUV for roadtrips?

keep in mind most rental agreements forbid transporting dogs or cats in the vehicle. I don't really see much of a problem with replacing one of the econo cars with a large SUV. In retirement chances are most of the time you can plan trips where the large SUV stays parked unless needed. I drive a ful...
by N1CKV
Tue Dec 02, 2014 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best market solution for large car/small SUV for roadtrips?
Replies: 17
Views: 1534

Re: Brother wants me to co-sign a house with him

So what's in it for you exactly?????? What "Tax Shelter" are they referring to??????? You have NO need for any scheme, it only opens you to possible problems. Why in the world would you buy a house with someone you don't particularly care for??? (regardless of who is supposed to pay the no...
by N1CKV
Tue Nov 25, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Brother wants me to co-sign a house with him
Replies: 41
Views: 4817

Re: Brother wants me to co-sign a house with him

No. If you brother doesn't have the credit to finance the house himself them that should be a sign: if a professional lender won't take the risk, why would an amateur? With the income you quote him as having he shouldn't be having problems affording a reasonable home. I don't see where you would ben...
by N1CKV
Tue Nov 25, 2014 9:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Brother wants me to co-sign a house with him
Replies: 41
Views: 4817

Re: Did I overcontribute to my HSA? What do I do now?

How did you miscalculate this? Does your employer make a contribution to the HSA?
by N1CKV
Mon Nov 24, 2014 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did I overcontribute to my HSA? What do I do now?
Replies: 6
Views: 575

Re: Can't quite max out TSP contribution--what to do?

Call your H.R. I had issues getting my contributions right with my employer and I eventually found the person that actually inputs the requests to the payroll system. She gladly faxed the manual form to complete and sign and accepted it back by email to make it effective immediately, she was very fl...
by N1CKV
Mon Nov 24, 2014 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can't quite max out TSP contribution--what to do?
Replies: 8
Views: 861
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