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by N1CKV
Wed May 20, 2015 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 158
Views: 9091

Re: How much does social security factor into your retirement income?

Not relying on it at all. I only have 36 credits and I plan to retire from my current job on a government pension. I guess I could go back and earn enough for at least 4 more credits. I should have plenty of time to do that, so I just might. I would be working for the SS benefit more so than the &qu...
by N1CKV
Tue May 19, 2015 1:37 pm
Forum: Personal Consumer Issues
Topic: Required to make ALL the repairs?
Replies: 1
Views: 439

Re: Required to make ALL the repairs?

No. Your insurance claim is compensation for loses you suffered.
You should however point out on any future claims that said damage was preexisting and that compensation was previously received.
by N1CKV
Mon May 18, 2015 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Checking
Replies: 23
Views: 2228

Re: Capital One 360 Checking

similar situation (will be married this Saturday). I have my main accounts at Ally. I had opened a CO360 checking and savings last year for a bonus ($100 on each). Decided to keep them and add her to the checking. We have an existing joint credit card that I pay from that account. We both have linke...
by N1CKV
Sat May 16, 2015 9:14 am
Forum: Personal Consumer Issues
Topic: Roof Replacement, upgrade or not?
Replies: 15
Views: 1093

Re: Roof Replacement, upgrade or not?

My roofer supplied me a list of homes nearby that they completed with bit style singles in my chosen color. I guess I will take a ride today and see if the difference seems worth it.
by N1CKV
Fri May 15, 2015 2:00 pm
Forum: Personal Consumer Issues
Topic: passport card faster than passport?
Replies: 32
Views: 1964

Re: passport card faster than passport?

I applied for my first passport last year. I got the book and the card, they arrived within 2 days of each other.
by N1CKV
Fri May 15, 2015 1:26 pm
Forum: Personal Consumer Issues
Topic: Aren't we overdoing electronic auto safety features?
Replies: 148
Views: 6503

Re: Aren't we overdoing electronic auto safety features?

Yes. My truck has "Stabilitrak" (electronic stability control). The system is quite annoying when I drive logging roads. My truck is 4X4, I know how to drive, I know how to react in a skid, my truck thinks it does too. When the truck reacts with strategic braking it actually has came very ...
by N1CKV
Fri May 15, 2015 11:22 am
Forum: Personal Consumer Issues
Topic: Roof Replacement, upgrade or not?
Replies: 15
Views: 1093

Roof Replacement, upgrade or not?

I just got approved by my insurance for a full roof replacement (hail damaged) for the cost of my deductible. My house currently has traditional 3 tab shingles. Should I pay any difference in cost to upgrade to architectural shingles? I'm not sure of what the cost would be, as I have not received a ...
by N1CKV
Thu May 14, 2015 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Any experience with plasma donation to boost income?
Replies: 67
Views: 4784

Re: Any experience with plasma donation to boost income?

I'm not bothering with a full critique, but here's a few key items I see with issues: *You pay more in rent for a one bedroom apartment than I do for a house note (insurance and tax included) with 3BR/2BA ~1,300 sqft. *You pay $100/month in electricity? I average $76 in an all electric 1,300 sqft. h...
by N1CKV
Wed May 13, 2015 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: capital gains to pay off mortgage
Replies: 10
Views: 718

Re: capital gains to pay off mortgage

On another note, if your joint AGI is under 74,900 you should look to do some tax gain harvesting in the 0% LTCG rate. First, it's Taxable Income that matters, not AGI. Second, there's no point in it if your Taxable Income is going to remain at this level. my bad, I meant to say taxable income. On ...
by N1CKV
Wed May 13, 2015 9:26 am
Forum: Personal Finance (Not Investing)
Topic: capital gains to pay off mortgage
Replies: 10
Views: 718

Re: capital gains to pay off mortgage

On another note, if your joint AGI is under 74,900 you should look to do some tax gain harvesting in the 0% LTCG rate.
by N1CKV
Tue May 12, 2015 7:43 am
Forum: Personal Consumer Issues
Topic: Mechanics fails to fix problem
Replies: 17
Views: 1399

Re: Mechanics fails to fix problem

OP: What is the problem that the mechanic is trying to fix? In your last post you start off in one direction and ended up on another planet. A steering wheel shudder could be a multitude of things. Most common would be a thrown wheel weight (tire out of balance) or if only when braking then the roto...
by N1CKV
Fri May 08, 2015 2:03 pm
Forum: Personal Consumer Issues
Topic: When to junk a car?
Replies: 27
Views: 1897

Re: When to junk a car?

I'm guessing over half of that is the struts (and alignment afterwards)? How does the car ride? if you push down firmly on each corner of the car does it bounce more than twice? If you have no ride complaints and it doesn't have excessive bounce you don't need struts - those are often recommended at...
by N1CKV
Thu May 07, 2015 9:10 am
Forum: Personal Consumer Issues
Topic: What to do with 1940's refrigerator that still works?
Replies: 36
Views: 2689

Re: What to do with 1940's refrigerator that still works?

There is absolutely a market for items like that, depending on condition it could be worth some real money. Makes a great addition to a man cave/ game room. Considering that it still works it could be used as is or it could be stripped/ gutted of the refrigeration components and updated/ retrofitted...
by N1CKV
Thu May 07, 2015 8:43 am
Forum: Personal Finance (Not Investing)
Topic: HSA Max Contribution Annoyance
Replies: 15
Views: 1332

Re: HSA Max Contribution Annoyance

I read the instructions. And worked through the form. Spouses who have separate HSAs and had family coverage under an HDHP at any time during 2014, use the following rules to figure the amount on line 6. That does not apply. Every reference I find points to the lower limit only being triggered if at...
by N1CKV
Thu May 07, 2015 7:55 am
Forum: Personal Finance (Not Investing)
Topic: HSA Max Contribution Annoyance
Replies: 15
Views: 1332

Re: HSA Max Contribution Annoyance

The total contribution of a family cannot be more than the family plan contribution limit even if you each have two individual plans. So even with two individual plans the combined limit is still $6650 and not $6700 ($3350 * 2). Can you quote a source on that? I've heard it before, but I'm not seei...
by N1CKV
Wed May 06, 2015 9:39 am
Forum: Personal Finance (Not Investing)
Topic: escrow increase...
Replies: 28
Views: 1857

Re: escrow increase...

This is typical. If you keep the escrow you will see an adjustment annually. You should not see any significant changes unless your property tax or insurance jumps. Are you saying that State Farm initially didn't apply the discount to the premium and will now refund you the difference? How much of a...
by N1CKV
Tue May 05, 2015 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Wife's 401(k) with former employer: annoying calls from Transamerica
Replies: 16
Views: 1263

Re: Wife's 401(k) with former employer: annoying calls from Transamerica

I'm just trying to figure out why in the world you would even want to leave it in the 401k plan? Even a "good deal" in a 401K is a bad deal compared to what is available in IRAs. It would rid you of this pesky salesman. You don't mention how your tax situation is currently, but you do ment...
by N1CKV
Wed Apr 29, 2015 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Tax Gain Harvesting While in 15% Bracket?
Replies: 21
Views: 1683

Re: Tax Gain Harvesting While in 15% Bracket?

I will be doing this in 2015 for the first time. It's a great opportunity and is a topic that is not discussed often.
by N1CKV
Wed Apr 29, 2015 8:08 am
Forum: Personal Finance (Not Investing)
Topic: DB and DC plan limits combined?
Replies: 16
Views: 1285

Re: DB and DC plan limits combined?

That's what I was thinking. The pension isn't a pension in the usual sense as stated in your previous quote: Plan means the Pension Plan of the Pension Fund of the Christian Church. Type of Plan. The Plan is a retirement income account program that provides defined benefits to its Members designed t...
by N1CKV
Tue Apr 28, 2015 1:00 pm
Forum: Personal Consumer Issues
Topic: Increasing the size of a ring
Replies: 10
Views: 1178

Re: Increasing the size of a ring

Interesting thread. I inquired at our local jewelry store about this not long ago. I have 3 rings which I now must wear on my pinkies :( as they are too small for ring finger. However, the jeweler told me this can easily be done (gold is added) but they send it Out to be done. I did not like the so...
by N1CKV
Tue Apr 28, 2015 12:45 pm
Forum: Personal Consumer Issues
Topic: Free Vacation but It Will Cost Me
Replies: 13
Views: 1869

Re: Free Vacation but It Will Cost Me

Have they picked a date? You may just have to graciously decline because your nephew/ niece/ life long neighbor's kid/ is getting married that weekend, or it's your anniversary, or..... (you get my drift)

on edit:
LOL that someone beat me to it!
by N1CKV
Mon Apr 27, 2015 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Best way to sell a used wedding ring?
Replies: 18
Views: 2164

Re: Best way to sell a used wedding ring?

I see lots for sale on local for sale groups through Facebook. I imagine Craigslist is another option. Depending on documentation available you may choose to meet at a reputable jewelry dealer that can assure the buyer of the authenticity and value (of course that would cost something).
by N1CKV
Tue Apr 21, 2015 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Friend's house burnt, Helping him start new financial life?
Replies: 20
Views: 2286

Re: Friend's house burnt, Helping him start new financial li

my insurance policy is enough to remove any remains of my house, prep the lot and rebuild what I had all over again. Contents are covered for full new replacement value - it doesn't matter that my 26" TV is a 15 year old tube tv technology, I'll get the 2015 model flat panel fully covered, it d...
by N1CKV
Tue Apr 21, 2015 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning - what details does the attorney need?
Replies: 13
Views: 1409

Re: Estate Planning - what details does the attorney need?

When doing estates I always needed the SS number for the estate tax returns That was my thought, how else does the trustee get his job done quickly and easily. Having those numbers also completely and undeniably identifies the individuals and the assets being mentioned. Much more concrete than &quo...
by N1CKV
Mon Apr 20, 2015 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle hunting shack title/liability
Replies: 7
Views: 733

Re: How to handle hunting shack title/liability

I would start researching insurance companies that offer specific liability insurance for hunting recreational properties. They do exist, I am part of a 7 member LLC that leases ~600 acres of land from a timber company and we carry a policy. You should be seeing about $180/yr per $1M in liability co...
by N1CKV
Fri Apr 10, 2015 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Max out all retirement accounts?
Replies: 9
Views: 1231

Re: Max out all retirement accounts?

How many employers do you have? Yes you should max your retirement account contributions, but the maximum contribution is across all retirement accounts so maxing one can limit your ability to contribute to others. What is the max for each account? lafder The post below your's kind of answers the q...
by N1CKV
Fri Apr 10, 2015 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 66
Views: 9007

Re: Two Comma Club

That's awesome. congratulations on reaching that milestone. I hope to be there someday.
by N1CKV
Thu Apr 09, 2015 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: making the switch to Ally Bank
Replies: 51
Views: 4374

Re: making the switch to Ally Bank

So you can transfer between Ally and Vanguard. Makes sense but I assume this is once the Ally account is established. Is it possible to open the Ally account by transferring from Vanguard? Yes. When you sign up for the new Ally account you need to have your routing/ account number to your Vanguard ...
by N1CKV
Mon Apr 06, 2015 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Buy a condo for college student or rent?
Replies: 34
Views: 3184

Re: Buy a condo for college student or rent?

Personally , bad idea. Tell her you will pay the same as a dorm and she can make her own arrangements. Think of it as a learning experience I agree with this. When I was in college my parents didn't foot the bill for my living arrangements. They didn't foot the bill for my tuition. I had a job. I l...
by N1CKV
Wed Apr 01, 2015 1:49 pm
Forum: Personal Consumer Issues
Topic: Car Engine Immobilizer Issue
Replies: 11
Views: 992

Re: Car Engine Immobilizer Issue

[*]The owner's manual says that if you get locked out from your engine, there is a procedure for resetting so the engine can start again. Have you tried the procedure? Even though it's not stopping the vehicle from starting it should reset the system. You may have triggered the system by changing t...
by N1CKV
Tue Mar 24, 2015 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account
Replies: 29
Views: 2929

Re: Best Bank for Checking Account

another +1 for Ally. Their checking account has everything free, no minimum, no deposit requirements. The instant transfers between checking and savings is nice, as is the free overdraft automatic transfers from savings (if you screw up the timing with those large monthly swings). The billpay is set...
by N1CKV
Mon Mar 23, 2015 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Withdrawal Strategies
Replies: 21
Views: 2054

Re: Tax Efficient Withdrawal Strategies

retiredjg wrote:I think N1ckV has the right idea, but the wrong number. :happy

Thanks for the correction. I had Gross Income on my mind for some reason. :oops:
by N1CKV
Mon Mar 23, 2015 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Regular contributions to taxable
Replies: 10
Views: 1383

Re: Regular contributions to taxable

PoeticalDeportment wrote:http://www.bogleheads.org/wiki/Backdoor_Roth_IRA

You might be able to go from 90% tax advantaged to 100%

I'll just repeat this earlier suggestion, just because it seems ignored when it really should be used when possible.
by N1CKV
Mon Mar 23, 2015 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Withdrawal Strategies
Replies: 21
Views: 2054

Re: Tax Efficient Withdrawal Strategies

In my opinion, on a back of the envelope calculation you should at a minimum, start rolling ~$49,500/ yr into a Roth 457b (if available), or to your Roth IRA for even cheaper fees (considering there should be plenty left in the 457b to get you until 59.5). This is assuming you could afford the taxes...
by N1CKV
Mon Mar 23, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Georgia Retirement Income Exclusion
Replies: 22
Views: 2618

Re: Georgia Retirement Income Exclusion

But wouldn't the exclusion apply only to State taxes and you would still be on the hook for Federal Taxes ? If so, it seems like a Roth would still make sense for most, right ? No, it would actually favor Trad. Don't forget Roth is funded with post tax dollars. I looked at the GA Doc and understand...
by N1CKV
Mon Mar 23, 2015 2:35 pm
Forum: Personal Consumer Issues
Topic: Splitting a Food Tab on a Combined Birthday Lunch
Replies: 54
Views: 4228

Re: Splitting a Food Tab on a Combined Birthday Lunch

Birthday person gets a free meal, the other two split the check. My logic? I would probably not have gone "out to eat" for a $21 meal in the first place if not for going with these people. Knowing that, if it had been split in to two separate meals whereas I would have had to buy a share o...
by N1CKV
Fri Mar 20, 2015 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: "Extended" Family Discount?
Replies: 14
Views: 1804

Re: "Extended" Family Discount?

terran wrote:I don't know about you, but I've found that giving deals based on relationships (not family, but still) ends up with clients who are more of a pain than those who are charged a full rate.

THIS

Every time I've tried to help someone out it seems like it comes around and bites me in the behind.
by N1CKV
Fri Mar 20, 2015 1:39 pm
Forum: Personal Consumer Issues
Topic: Whats a good Pistol to buy?
Replies: 112
Views: 9451

Re: Whats a good Pistol to buy?

You've got several good suggestions above. I prefer the striker fired pistols (Glock, S&W M&P series, Sprigfield XD), but there is also a strong case for a revolver sometimes. Mainly I'm posting to suggest that you read gun laws for any state you plan to travel in. What may be legal in one s...
by N1CKV
Fri Mar 20, 2015 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to mortgage my condo?
Replies: 2
Views: 412

Re: How to mortgage my condo?

What you are looking for is a Home Equity Loan. To get one research rates online and when you find one you like hit the "apply" button. They'll get the preliminary info on the application and someone will contact you about other details needed and a time frame to complete the loan.
by N1CKV
Fri Mar 20, 2015 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Does your CPA/Tax Person help with reducing your taxes?
Replies: 66
Views: 5999

Re: Does your CPA/Tax Person help with reducing your taxes?

A person with a CPA does not necessarily know everything about personal income tax. Personal income tax is only a fraction of the many things studied for the exam. Expecting an accountant to know the entire Internal Revenue Code of 1986 like the back of their hand is ridiculous. I know several CPAs ...
by N1CKV
Sat Mar 14, 2015 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Pet insurance?
Replies: 32
Views: 2098

Re: Pet insurance?

no insurance here. My dog has had several surgeries, none of which would gave been covered except for the highest priced plans (hereditary condition exceptions). Out of curiosity I ran the numbers, I would have came close to paying in premiums what I paid in cash for the surgeries. With the insuranc...
by N1CKV
Thu Mar 12, 2015 8:39 am
Forum: Personal Finance (Not Investing)
Topic: 15 or 30 year mortgage?
Replies: 37
Views: 3144

Re: 15 or 30 year mortgage?

start with reading the WIKI for "Managing a Windfall"
https://www.bogleheads.org/wiki/Managing_a_windfall
by N1CKV
Thu Mar 12, 2015 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Using cellphone from Mexico
Replies: 8
Views: 893

Re: Using cellphone from Mexico

here's a way to do it: http://www.att.com/shop/wireless/international/roaming.html Read up on the costs, plans, and other details available to use your current phone as is and plan accordingly. In order to get a Mexican SIM card and use it in your phone your phone will have to be unlocked by the car...
by N1CKV
Thu Mar 12, 2015 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Bonus received. But its not what was agreed upon. Advice?
Replies: 61
Views: 5478

Re: Bonus received. But its not what was agreed upon. Advi

Questioning the missing $500 was reasonable, pressing the issue isn't. You need to pick your battles in life, this one isn't worth it.
by N1CKV
Tue Mar 10, 2015 10:20 am
Forum: Personal Consumer Issues
Topic: Replacing [Oil] Filters: Time vs. Usage
Replies: 41
Views: 3028

Re: Replacing [Oil] Filters: Time vs. Usage

Always change your oil when you change your filter. Your oil filter is always full of oil (the upside down ones have check valves to keep them from draining). This means when you change your oil you are leaving an excessive amount of old oil in the vehicle. That oil is contaminated with unburnt fuel...
by N1CKV
Tue Mar 10, 2015 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you consider mortgage payments an investment?
Replies: 58
Views: 4114

Re: Poll: Do you consider mortgage payments an investment?

One of the major issues I see with these threads is that people refuse to realize that the home purchase and the mortgage payment are two totally different things. On the day you went to closing you told the bank that you wanted to purchase this house and you would like to borrow some money from the...
by N1CKV
Fri Mar 06, 2015 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 6932

Re: Does My Daughter Need A Prenup?

Maybe the laws are different in your state, but I really don't see where you have stated anything that's relevant for that decision. I am speaking in terms of living in a community property state. 1. Does she have any substantial assets/ net worth right now? If yes she may want to segregate that so ...
by N1CKV
Wed Mar 04, 2015 2:33 pm
Forum: Investing - Theory, News & General
Topic: How is your Betterment Account performing?
Replies: 17
Views: 2088

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
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: 1033

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...

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