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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 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: funding roth ira for son
Replies: 10
Views: 1165

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 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2635

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 8:44 am
 
Forum: Investing - Theory, News & General
Topic: Is a fall in portfolio value "only on paper"?
Replies: 86
Views: 3716

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 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: 0% Furniture Credit
Replies: 29
Views: 1316

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 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bancorp (mysmartsaver) HSA
Replies: 10
Views: 824

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 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bancorp (mysmartsaver) HSA
Replies: 10
Views: 824

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 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Cash In Credit Card Points? Or Keep Accumulating?
Replies: 28
Views: 2508

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 9:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Is it normal to lose $$$?
Replies: 26
Views: 3999

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 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I get an HSA?
Replies: 17
Views: 1056

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 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 5
Views: 459

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 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I step in to help my in law pay off credit card debt
Replies: 31
Views: 2673

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 11:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Captive Insurance
Replies: 11
Views: 812

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 4:37 pm
 
Forum: Personal Consumer Issues
Topic: Which generator do you have?
Replies: 127
Views: 8906

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 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free credit report not available online
Replies: 7
Views: 483

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 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA Questions
Replies: 10
Views: 794

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 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Strategic Default [on a property]
Replies: 42
Views: 3291

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 11:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Best way to earn a pension
Replies: 38
Views: 5220

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 12:47 pm
 
Forum: Personal Consumer Issues
Topic: How to stop collection for an invalid debt
Replies: 31
Views: 2023

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 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Tenant request lease agreement is named in LLC?
Replies: 17
Views: 2332

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 3:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 3411

Re: opening IRA, have exitsing roth

Hello, [snip] 1- I like to be able to trade stocks freely, with my money in 401Ks. so i will roll them over to traditional IRAs, by opening and IRA in each bank. So I will end up with two IRA, and one existing ROTH IRA. is this ok? My existing roth doesnt prevent me from having or opening new IRA o...
by N1CKV
Thu Jul 03, 2014 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: opening IRA, have exitsing roth
Replies: 9
Views: 632

Re: Get 6.8% return on HSA savings?

I think Ally's checking account is one of the bigger examples. If your balance is less than $15K, they pay .1% interest; above that they pay .60%. ...which is still not a great deal. You could use the online savings and get 0.87% on all of it, keep the minimum in the checking account and sign up fo...
by N1CKV
Thu Jun 19, 2014 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Get 6.8% return on HSA savings?
Replies: 13
Views: 1501

Re: Get 6.8% return on HSA savings?

Mine is tiered as follows (reminds me of Federal income brackets) : Balance Rate APY Low APY High $0 to $499.99 0.05% 0.05% $500 to $999.99 0.10% 0.05% 0.08% $1,000 to $2,999.99 0.20% 0.08% 0.16% $3,000 to $4,999.99 0.40% 0.16% 0.26% $5,000 to $9,999.99 0.50% 0.26% 0.38% $10,000 to $14,999.99 0.70% ...
by N1CKV
Wed Jun 18, 2014 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Get 6.8% return on HSA savings?
Replies: 13
Views: 1501

Re: Help me pick International Equity Fund

13thstreet wrote:Thanks guys. Anybody a fan of the dodge and cox fund to split with vanguard total? Seems this fund gets some respect around here despite the higher er

If someone offers to sell you something for $1, do you offer them $6.40?
by N1CKV
Wed Jun 11, 2014 10:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me pick International Equity Fund
Replies: 10
Views: 917

Re: Fair market value of a non profit dinner

I think the best answer to them would be that the FMV was $51, although the non-profit expended much less due to donated venue, volunteer labor, etc. Therefore they have a negative $1 in their charitable giving column :wink:
by N1CKV
Thu Jun 05, 2014 10:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Fair market value of a non profit dinner
Replies: 12
Views: 886

Re: Buying a home and cold feet!!

I'm curious.... why would you even entertain a counteroffer not in your favor after the house is already under contract /accepted offer)? I think my response would be from the attorney letting them know that they will be sued for breach of contract if they back out.
by N1CKV
Wed Jun 04, 2014 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying a home and cold feet!!
Replies: 35
Views: 2327

Re: Getting married this summer - when to contribute to Roth

The only thing that really matters is filing status as of the last day of the year.
If she makes $0 this year and you make too much for married filing jointly to contribute directly to a Roth IRA then neither of you can contribute directly.
by N1CKV
Tue Jun 03, 2014 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting married this summer - when to contribute to Roth IRA
Replies: 6
Views: 700

Re: Where to buy polo shirts?

Marshal's, Stein-Mart, Barrington Coat Factory or Stage.

In this category you usually do get what you pay for, or at least shopping for the premium brands is worth it.... I said usually, I have found some nice shirts at Walmart made with performance fabrics, however their cotton is garbage.
by N1CKV
Tue Jun 03, 2014 1:48 pm
 
Forum: Personal Consumer Issues
Topic: Where to buy polo shirts?
Replies: 63
Views: 10957

Re: car rebate - based on who's zip code?

I just did a quick search on their website. The rebates in my region are being offered by Toyota Motor Sales and Gulf South Distributors (it's in the fine print). The phone number for Toyota Motor Sales that I was able to find was (310) 468-4000 (I have not verified it). You could call them and ask,...
by N1CKV
Thu May 22, 2014 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: car rebate - based on who's zip code?
Replies: 6
Views: 626

Re: Future contributions to VG Roth or 457 Roth?

Considering you are using a 457b account which typically sees no match but does commonly have high fees I would stop contributions to the 457b until your IRA is maxed out. That's what I do... my primary retirement is a defined benefit pension. I max out a rIRA and any excess I want to save goes to a...
by N1CKV
Wed May 21, 2014 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Future contributions to VG Roth or 457 Roth?
Replies: 6
Views: 304

Re: Convince me to choose a Suburban over a Sequoia

I have experience seeing a friend in his Sequoia on vacation and I have experience with full sized GM vehicles (I have a truck, same drivertrains). The Sequoia is a bit smaller from what I can tell. Overall it has not major flaws, besides the stupid bumper proximity sensors that we could never figur...
by N1CKV
Mon May 19, 2014 2:29 pm
 
Forum: Personal Consumer Issues
Topic: Convince me to choose a Suburban over a Sequoia
Replies: 64
Views: 4649

Re: How to sell lightly used phone

I used Gazelle for my old iPhone and was very satisfied with the procedure and ease of disposing of the phone for what I probably would have gotten on eBay and had a bunch more trouble to complete the transaction.
by N1CKV
Wed May 07, 2014 3:09 pm
 
Forum: Personal Consumer Issues
Topic: How to sell lightly used phone
Replies: 15
Views: 907

Re: What now, that the city placed an erroneous lien on acco

Contact your elected officials. If you want to light a fire under the City Attorney put in a call to your Mayor and your elected representative (City Council Member, Police Juror, or whatever you have in your locality). Be very clear about what the problem is and how you expect the outcome to be.
by N1CKV
Wed May 07, 2014 11:29 am
 
Forum: Personal Finance (Not Investing)
Topic: What now, that the city placed an erroneous lien on account?
Replies: 6
Views: 1046

Re: Paying Taxes Owed Using Credit Card

on edit: Looks like you already figured this one out :wink: You could apply for a new credit card with a sign up bonus + points. Some cards have at least a $200 bonus, some have $500 in rewards like the Chase Sapphire Preferred: EARN 40,000 BONUS POINTS AFTER YOU SPEND $3,000 IN THE FIRST 3 MONTHS ...
by N1CKV
Tue Mar 18, 2014 9:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying Taxes Owed Using Credit Card
Replies: 10
Views: 1291

Re: SS Disability Benefits - Recommend a Book?

I would recommend Mike Piper's book, "Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less": http://www.amazon.com/Social-Security-Made-Simple-Retirement-ebook/dp/B009K7ZNDS/ref=sr_1_1?s=digital-text&ie=UTF8&qid...
by N1CKV
Tue Mar 18, 2014 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Disability Benefits - Recommend a Book?
Replies: 4
Views: 312

Re: The Gecko cost me a lot of $. How often to switch car in

There's more to comparing insurance than seeing who gives the lowest quote. Don't you consider how easy the claims process is (or isn't)? If they try to get out of paying everything, but they save you lots of money, is that the kind of insurance you want? We stay with the large companies who have a...
by N1CKV
Thu Mar 06, 2014 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Gecko cost me a lot of $. How often to switch car ins?
Replies: 78
Views: 8069

Re: HSA Investment Problem

You have the answer staring you in the face.

as of 12/31/13 you own 9.74 shares, worth 54.12 each, which is $527.29

Add up your contributions and dividends, the total is only $502.35. You have a gain of $24.94
All you have to do is "foot" the numbers.
by N1CKV
Thu Mar 06, 2014 10:11 am
 
Forum: Investing - Help with Personal Investments
Topic: HSA Investment Problem
Replies: 11
Views: 1074

Re: Nationwide Expense Question

That's what I was thinking. Just about every one of the "decent" (and that's not saying much) ER index funds available are included in one of the 3 categories. For those looking, this is a standard document from Nationwide Retirement Solutions from their 457(b) government plans. This parti...
by N1CKV
Tue Feb 25, 2014 11:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Nationwide Expense Question
Replies: 2
Views: 343

Re: First time filing my own taxes. plan is taxact

Note that the different versions are only referring to the Federal Return. I think you will be able to do everything for your federal return through the free version (I could be wrong, I have most of that on mine and I used the free version). Every state (that has a income tax at least) will cost an...
by N1CKV
Thu Feb 20, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: First time filing my own taxes. plan is taxact
Replies: 2
Views: 243

Re: What to do with small prepaid credit cards

I usually use them against my AT&T mobile phone bill, make a partial payment and be done with it.
by N1CKV
Thu Feb 20, 2014 3:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do with small prepaid credit cards
Replies: 47
Views: 2247

Nationwide Expense Question

I have access to a 457(b) plan at my employer (.gov). The plan is administered by "Nationwide Retirement Solutions" I was trying to see just how much do we actually pay. I see the ERs listed in the chart of funds available (those match what Morningstar reports). There is mention of an annu...
by N1CKV
Wed Feb 19, 2014 3:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nationwide Expense Question
Replies: 2
Views: 343

Re: Rollover of traditional IRA into 403B

I wouldn't be talking to the current holder of the IRA (source), I would talk to the 403b holder (destination) - they are the one that will benefit and will be motivated to get this done for you. They should be able to get the forms and pull the funds over, assuming everything is permissible.
by N1CKV
Wed Feb 19, 2014 12:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover of traditional IRA into 403B
Replies: 12
Views: 390

Re: What auto loan do you have?

My fiancee purchased a used car from a dealer. They offered financing through Chase for a certain rate. She happens to bank with Chase. I looked online and saw a much lower advertised rate from Chase. She applied online for the loan directly from Chase and was offered 2% less than what the dealer ha...
by N1CKV
Sat Feb 15, 2014 10:55 am
 
Forum: Personal Finance (Not Investing)
Topic: What auto loan do you have?
Replies: 14
Views: 1278

Re: Decisions before 35

You don't mention the following, so I'll just throw this out there to think about: *You probably should consider term for yourself and your wife (you don't mention insurance for her), think about the costs of raising a child alone if something were to happen to your wife. *Disability insurance. If y...
by N1CKV
Fri Feb 14, 2014 9:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Decisions before 35
Replies: 10
Views: 2389

Re: What to do with a Whole Life Policy

I can't help with the Whole Life Policy analysis, but I do have some thoughts about the rest of your situation: Looking at your contributions to investments and the cost of this policy, it seems like you are a high earner. With your home paid for, and that much going in to retirement and other inves...
by N1CKV
Tue Feb 11, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: What to do with a Whole Life Policy
Replies: 4
Views: 391

Re: I received my federal tax refund this morning

Federal was filed and accepted February 2nd, deposit cleared this morning.
by N1CKV
Mon Feb 10, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: I received my federal tax refund this morning
Replies: 13
Views: 2495

Re: Outlook dot com and aliases

I have a second Gmail address that I use for all online signups. I have had it set up at one time to forward all content to my other address as well, that has worked well when I'm to lazy to check them both for something I know is coming. This is how I handle it. I have several different Gmail acco...
by N1CKV
Thu Feb 06, 2014 12:48 pm
 
Forum: Personal Consumer Issues
Topic: Outlook dot com and aliases
Replies: 13
Views: 679

Re: Floor jacks

I have a cheap HF orange painted jack. It lifts my full size truck just fine. I use jack stands if the wheels are coming off, but that's a good practice anyway. I've worked in an automotive shop in the past as a service manager, I can say the HF jack's valve isn't nearly as smooth and predictable as...
by N1CKV
Wed Feb 05, 2014 4:35 pm
 
Forum: Personal Consumer Issues
Topic: Floor jacks
Replies: 17
Views: 1953

Re: Ally vs Amex Savings Account

TR2047 wrote:Can anyone with a savings account at Amex or Ally confirm if they do a hard credit pull for account opening?

Ally did not hard pull on me in December 2012 when I opened a checking and savings account.
by N1CKV
Wed Feb 05, 2014 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ally vs Amex Savings Account
Replies: 10
Views: 1936

Re: overcontributed to HSA

I would remove the excess as soon as possible to avoid interest earned on the $200.00. Any amount on interest earned on the whopping $200 would be under $0.50 because interest rates are near 0%, therefore it wouldn't show up after rounding, so I would just zero that amount.
by N1CKV
Wed Feb 05, 2014 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: overcontributed to HSA
Replies: 27
Views: 2123
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