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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: 67
Views: 3153

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: 1
Views: 253

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: 554

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: 359

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: 520

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: 1255

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: 1859

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: 648

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: 2414

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: 3155

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: 3874

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: 3874

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: 2909

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: 829

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: 3080

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: 1043

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: 1138

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: 1138

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: 706

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: 5025

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: 2726

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: 1520

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: 4130

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: 4130

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: 7
Views: 564

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: 841

Re: What do you splurge on?

Deer hunting. This just isn't a hobby, it's a lifestyle. It includes the cost of: leased property, a camp, driving 300 miles round trip to said property every weekend during season (and a few out of), ATV, needing a full size 4X4 truck (and it's associated expenses), firearms, safe, a wardrobe of ca...
by N1CKV
Mon Nov 24, 2014 9:27 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 237
Views: 24389

Re: Cash In CC Points?

if you had an extra $2,000 in your pocket right now would you:
a. pay down debt
b. give it to your credit card company to hold for safe keeping (not so safe, it can be devalued at anytime)
c. invest it
by N1CKV
Wed Nov 12, 2014 10:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Cash In CC Points?
Replies: 22
Views: 2781

Re: Q on higher mortgage payments or higher 457 payments?

I would certainly be contributing to IRAs for both yourself and your wife to the maximum extent possible first (including catch up contributions based on age). 457b accounts typically have horrible expense ratios, I know mine does. That said, they do have their place. The benefits I see in the 457b ...
by N1CKV
Mon Nov 03, 2014 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Q on higher mortgage payments or higher 457 payments?
Replies: 4
Views: 553

Re: Car Maintenance

I don't have a German car. I have previous experience working in a shop as a Service Manager, I am beyond qualified to go over my vehicles looking for issues from fluid leaks to tire wear issues. I have bought 2 new vehicles in my life. Neither has returned to a dealership with the exception of warr...
by N1CKV
Mon Nov 03, 2014 9:55 am
 
Forum: Personal Consumer Issues
Topic: Car Maintenance
Replies: 32
Views: 4302

Re: funding roth ira for son

I think that matching his contributions while he is seeking higher education is a great thing, wish someone would have done it for me. I would make him set it all up and get his share of the contributions in the account. He needs to take that initiative. Make your contribution any way you see fit, c...
by N1CKV
Tue Oct 21, 2014 8:53 am
 
Forum: Personal Finance (Not Investing)
Topic: funding roth ira for son
Replies: 10
Views: 1192

Re: Late start, low income - what to do first?

Johm221122 wrote:You pay SS and Medicare on all earned income

John

.... except certain things. The only way to avoid SS and Medicare tax is through payroll deducted Health, Vision and Dental plans and HSA contributions.
by N1CKV
Thu Oct 09, 2014 9:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2869

Re: Is a fall in portfolio value "only on paper"?

I don't have any money in the market. At all. I have purchased (and continue to purchase) shares of companies, albeit through mutual funds, but the underlying asset is the share of that company. I have NEVER lost a share of a company. The value of that share may fluctuate, but I still own that share...
by N1CKV
Thu Oct 09, 2014 7:44 am
 
Forum: Investing - Theory, News & General
Topic: Is a fall in portfolio value "only on paper"?
Replies: 86
Views: 4232

Re: 0% Furniture Credit

Ask for the "cash discount" i.e.: "If I choose to decline the interest free financing and pay by credit card today is there any additional discounts available?" if the answer is no, as again replacing "credit card" with "check or cash" Of course if they take t...
by N1CKV
Wed Oct 08, 2014 7:51 am
 
Forum: Personal Finance (Not Investing)
Topic: 0% Furniture Credit
Replies: 29
Views: 1367

Re: Bancorp (mysmartsaver) HSA

You don't get paid at least monthly by direct deposit?
I have my deduction setup to go out twice a month (paid every 2 weeks, on a 3 paycheck month it skips the 3rd check).
by N1CKV
Tue Oct 07, 2014 3:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bancorp (mysmartsaver) HSA
Replies: 10
Views: 896

Re: Bancorp (mysmartsaver) HSA

The above statement about the $2,500 minimum to avoid fees is incorrect. Your employer will be making direct deposits which qualify as an "electronic credit" which means you only have to maintain $1,500 minimum to avoid fees.
by N1CKV
Tue Oct 07, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bancorp (mysmartsaver) HSA
Replies: 10
Views: 896

Re: Cash In Credit Card Points? Or Keep Accumulating?

I only use Cash back rewards cards. I have all of them set to auto redeem at the minimum amount allowed as a statement credit.
by N1CKV
Mon Oct 06, 2014 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Cash In Credit Card Points? Or Keep Accumulating?
Replies: 28
Views: 2686

Re: Is it normal to lose $$$?

I didn't "lose" anything, however the stocks I've been buying did recently go on sale :D
by N1CKV
Mon Oct 06, 2014 8:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Is it normal to lose $$$?
Replies: 26
Views: 4179

Re: Should I get an HSA?

I hear that HSA's are a good thing, but this makes me wonder: When you get medical care, say a blood test, the "retail" cost might be $300, but the insurance company only pays maybe $40-$50. If you pay out of pocket, don't you have to pay the full $300? That will eat any HSA savings in a ...
by N1CKV
Fri Sep 26, 2014 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I get an HSA?
Replies: 17
Views: 1203

Re: What can I do better?

Age: 24 [snip] I tried to follow the advice of keeping the stocks in my after-tax account, and bonds in my pre-tax account, which is why my entire Vanguard account is in that one fund. [snip] you are looking at this wrong. Bonds are not preferred in TAXABLE accounts, big difference. Both accounts y...
by N1CKV
Wed Sep 24, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 5
Views: 466

Re: Should I step in to help my in law pay off credit card d

If this is a one off event for your mother in law, then paying off the CC for her is merely an act of kindness. It is always good to show kindness and compassion. Pay it off for her. Pets are children to some people. I'd bankrupt myself to help one of my pets. It's not like she blew it on jewelry. ...
by N1CKV
Mon Sep 15, 2014 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I step in to help my in law pay off credit card debt
Replies: 31
Views: 2718

Re: Captive Insurance

you mention the Defined Benefit Plan, does he also have a 403b and/or 457b available? Is he doing a Backdoor Roth IRA? I know these two items are a drop in the bucket in his big picture, but it's something to chip away at the total.
by N1CKV
Thu Sep 11, 2014 10:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Captive Insurance
Replies: 11
Views: 836

Re: Which generator do you have?

I have a 4000w Champion. I have an outlet to connect it to my panel, with the proper Interlock to disconnect from the grid. I must turn off all 240v items, as the generator is 120v, but I can run every 120v item in my house plus a window unit with no problems. The fridge, a few lights, window unit a...
by N1CKV
Tue Sep 02, 2014 3:37 pm
 
Forum: Personal Consumer Issues
Topic: Which generator do you have?
Replies: 127
Views: 9557

Re: Free credit report not available online

I had the same happen for both Experian and Equifax this year, never had any problems in the past.
by N1CKV
Tue Sep 02, 2014 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free credit report not available online
Replies: 7
Views: 523

Re: HSA Questions

if you put your own money in to your HSA you will claim it when you file your taxes. You won't get the forms from your account holder until after you file (just as it is with IRA contributions), so keep track of this for yourself to report it properly.
by N1CKV
Tue Aug 19, 2014 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA Questions
Replies: 10
Views: 815

Re: Strategic Default

I guarantee the bank isn't worried about morality in its dealings with you. ...and I bet you would be the first person to sue the snot out of the bank if they were the one's trying to change the contract terms mid-stroke in their favor? FWIW: I wouldn't consider a strategic default unless the payme...
by N1CKV
Fri Aug 15, 2014 11:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Strategic Default [on a property]
Replies: 42
Views: 3435

Re: Best way to earn a pension

Take a low doc salary of $200k, and earn a pension of 2% per year for 10 years of service = $40,000 per year. Imagine this is from age 52-62. To buy that $3333 monthly income stream from Vanguard beginning at age 62, single annuitant, no inflation, costs about $630,000. In order to generate that sa...
by N1CKV
Mon Aug 04, 2014 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Best way to earn a pension
Replies: 38
Views: 5269

Re: How to stop collection for an invalid debt

Have you gone to the library and checked the shelf to see if the book is there?
by N1CKV
Fri Aug 01, 2014 11:47 am
 
Forum: Personal Consumer Issues
Topic: How to stop collection for an invalid debt
Replies: 31
Views: 2065

Re: Tenant request lease agreement is named in LLC?

You also need some assurance that the LLC even exists. Anyone can make up a name and put "LLC" behind it, but is it really a registered LLC and if so in what state? With that information you should be able to visit the Secretary of State's Office for the registering state and verify along ...
by N1CKV
Mon Jul 21, 2014 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Tenant request lease agreement is named in LLC?
Replies: 17
Views: 2344

Re: Wife has no retirement options- is breadwinner

Do as Meg77 said, there is no reason why you shouldn't be able to afford to maximize your contribution to your 401K with the combined income and her having no retirement of her own. Pile up assets in non-retirement, tax efficient investments when everything else available is used. In the event that ...
by N1CKV
Thu Jul 17, 2014 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 3518
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