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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
Tue Mar 24, 2015 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account
Replies: 29
Views: 2540

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 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Withdrawal Strategies
Replies: 21
Views: 1900

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 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Regular contributions to taxable
Replies: 10
Views: 1257

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 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Withdrawal Strategies
Replies: 21
Views: 1900

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 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Georgia Retirement Income Exclusion
Replies: 22
Views: 2386

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
Mon Mar 23, 2015 2:35 pm
 
Forum: Personal Consumer Issues
Topic: Splitting a Food Tab on a Combined Birthday Lunch
Replies: 54
Views: 3678

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 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Extended" Family Discount?
Replies: 9
Views: 780

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 1:39 pm
 
Forum: Personal Consumer Issues
Topic: Whats a good Pistol to buy?
Replies: 109
Views: 7714

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 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to mortgage my condo?
Replies: 2
Views: 387

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
Fri Mar 20, 2015 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does your CPA/Tax Person help with reducing your taxes?
Replies: 58
Views: 4708

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
Sat Mar 14, 2015 8:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Pet insurance?
Replies: 32
Views: 1903

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 8:39 am
 
Forum: Personal Finance (Not Investing)
Topic: 15 or 30 year mortgage?
Replies: 37
Views: 2722

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 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Using cellphone from Mexico
Replies: 8
Views: 826

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
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: 5059

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 10:20 am
 
Forum: Personal Consumer Issues
Topic: Replacing [Oil] Filters: Time vs. Usage
Replies: 41
Views: 2772

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
Tue Mar 10, 2015 8:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you consider mortgage payments an investment?
Replies: 58
Views: 3685

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
Fri Mar 06, 2015 9:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 5821

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: 1685

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: 969

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: 410
Views: 20109

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: 546

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: 747

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: 2870

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: 410
Views: 20109

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: 34
Views: 3048

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: 2645

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: 2870

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: 765

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: 435

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: 3963

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: 1771

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: 101
Views: 6842

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: 597

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: 1063

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: 697

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: 1063

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: 894

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: 431

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: 479

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: 1351

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: 578

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: 3902

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: 389

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: 599

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: 375

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: 561

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: 1306

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: 1987

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: 659

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: 2443
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