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Re: Roth conversion before getting married?

I am still learning here, but will throw out a question/comment on this. Seems to me at least doing a conversion on any tax deferred IRAs might be a good thing. This will make for clean backdoor Roth contributions in the futue when she can no longer make direct contributions.
by ericinri
Fri Nov 08, 2013 7:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth conversion before getting married?
Replies: 23
Views: 937

Re: Paper ibonds conversion to electronic

I made the conversion a few years back. A little time consuming to enter all the data, but it's easier for tracking and maintenance going forward. And the time from mailing the bonds to showing up in my account was surprisingly short, if I recall correctly.
by ericinri
Wed Nov 06, 2013 7:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Paper ibonds conversion to electronic
Replies: 16
Views: 1337

Re: Help! uh oh Parents bought me whole life insurance...

I noticed you mentioned 3 policies but only showed the combined cost and dividend. The only thing I would offer is you look at all 3 individually. It may be worth keeping one or two and dropping the other if you assess them each. Given your age, if your parents bought one very early on you may be in...
by ericinri
Fri Sep 20, 2013 5:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Help! uh oh Parents bought me whole life insurance...
Replies: 30
Views: 2875

Re: Backsplash Measurement - Is my contractor scamming me.

You are of course also entitled to any leftover tile. Does the tile come in 25 Sq foot batches? Yes, He has budgeted for the materials and he is buying, and returning the extra. So he is saying we are spending $750 (the tile is basically $10 a square foot) I think he is actually only spending $500 ...
by ericinri
Fri Aug 30, 2013 6:47 am
 
Forum: Personal Consumer Issues
Topic: Backsplash Measurement - Is my contractor scamming me.
Replies: 30
Views: 2560

Re: Riding Lawn Mower

I'm a believer in you get what you pay for on this one. I know a number of people, including myself, that had cheap Craftsman tractors and got 5-10 yrs out of them. For <$1K, it isn't that bad a deal when you consider paying for a JD (and I'm not talking about the HD/Lowes versions) will cost you qu...
by ericinri
Sat Aug 24, 2013 7:06 am
 
Forum: Personal Consumer Issues
Topic: Riding Lawn Mower
Replies: 22
Views: 2411

Re: Correctly estimating 2013 taxable income?

go to irs website and print 2012 1040 form and do taxes using 2012 form probably be close My thoughts exactly as I did this just this past weekend. It helped me to remember the extras like last years state tax refund is income and this years state income tax paid is a Schedule A deduction if itemiz...
by ericinri
Wed Aug 21, 2013 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Correctly estimating 2013 taxable income?
Replies: 8
Views: 891

Re: Which Term Life Insurance Company?

Hi All, I did a search and did not find anything conclusive. Can people please recommend a Term Life Insurance policy? I have a few picked out in my mind but need some assurance. Bonus question... if you recently bought term life insurance, age in mid-30s can you let me know which company and how m...
by ericinri
Mon Jun 10, 2013 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Term Life Insurance Company?
Replies: 6
Views: 593

Re: Surrendering Whole Life Insurance, Investing the Proceed

The last projections that were provided said that the policy would be worth $525,520 (guaranteed $64,687) at 81 years old; at 59 years (current age + 30), the paid up life would be worth $179,003 projected ($38,820 guaranteed). Current projected dividends are $825 per year. According to the paperwo...
by ericinri
Sun May 26, 2013 6:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Surrendering Whole Life Insurance, Investing the Proceeds
Replies: 16
Views: 1133

Re: Surrendering Whole Life Insurance, Investing the Proceed

By the way dont buy term from NW or their disability contract. Neither is likely a smart move. Their term is expensive unless you are a smoker and their disability has inferior wording compared to other companies in my view (im not an agent). I'm agree with dhodson in this one for sure. I recently ...
by ericinri
Sat May 25, 2013 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Surrendering Whole Life Insurance, Investing the Proceeds
Replies: 16
Views: 1133

Re: Term Life Insurance

I take it from the post that she wants to stay in this house and you want her to should something happen to you? That being said, I think more information is really needed on when and how many kids you'd like to parent. If you are healthy, now is probably the time consider the 30 year term option pr...
by ericinri
Sat May 25, 2013 8:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 21
Views: 1690

Re: Surrendering Whole Life Insurance, Investing the Proceed

I think it would be prudent to get an in force policy statement before making any decisions. Just looking at what you posted, in an effort to get rid of an advisor and do it yourself, you are willing to pay roughly 1/3 in taxes now. Your own tables shows it will take you 25 years to make up for the ...
by ericinri
Sat May 25, 2013 7:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Surrendering Whole Life Insurance, Investing the Proceeds
Replies: 16
Views: 1133

Re: Your Dumbest Financial Move

Not finding Bogleheads.org until 14 years into investing.
Was smart enough to start saving right out of college because "I had a lot of time until retirement", but wasn't smart enough to know the Boglehead way. 14 years of bad timing later....at least I figured it out.
by ericinri
Fri Apr 26, 2013 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your Dumbest Financial Move
Replies: 166
Views: 13148

Re: Would appreciate Bogleheaded advice on a vehicle purchas

A little different than most, but depending on the cargo space required, consider the Honda Fit. Mine has been extremely reliable and they have high resale value. Good on fuel and small for getting around in big cities like DC. The way the seats in the car can be folded provides a pretty surprising ...
by ericinri
Sat Apr 13, 2013 7:15 am
 
Forum: Personal Consumer Issues
Topic: Would appreciate Bogleheaded advice on a vehicle purchase
Replies: 48
Views: 3355

Re: NY Life Custom Whole Life Insurance - 28yo Single Father

I am wondering if something such as a term life insurance through NY Life, I agree with the others, you don't need a whole life or other permanent type of policy right now. I'm in the middle of updating my term insurance and I can tell you it might be best to find an independent insurance agent. I ...
by ericinri
Thu Mar 07, 2013 9:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: NY Life Custom Whole Life Insurance - 28yo Single Father
Replies: 40
Views: 1818

Planning for 2013 - First Time Post

So I've been lurking for about a week now and have found this forum extremely useful in educating me on all the stupid stuff I have done in the past. For example, most recently in 2012 I missed the full Child Tax Credit by $43 in income due to poor (no) planning (cost me $50 in tax savings). And so ...
by ericinri
Mon Jan 28, 2013 7:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Planning for 2013 - First Time Post
Replies: 1
Views: 341

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