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Re: BoA Cash Rewards (1.5%+) Privileges VISA - worth a look?

Favorite credit card of the moment is Barclays Arrival card.

$400 signup bonus after $1k spend.

2 miles for every purchase, and 10% points back when you redeem, so effectively 2.2% back.

Only downside is the annual fee ($89, waived first year), and miles can only be redeemed for travel credits.
by spefactor
Tue Feb 04, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: BoA Cash Rewards (1.5%+) Privileges VISA - worth a look?
Replies: 14
Views: 1400

Re: My AMEX CC 0% promo ends 1/14, interest question

Check your statement. There should be a table with a breakout of the balance, the applicable APR, and the date the APR expires.
by spefactor
Sat Jan 11, 2014 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: My AMEX CC 0% promo ends 1/14, interest question
Replies: 5
Views: 311

Re: Videos Streaming SO SLOW and I have TURBO Internet

How is your computer connected to the router/modem? Wi-Fi or ethernet cable?
by spefactor
Sat Aug 31, 2013 1:37 pm
 
Forum: Personal Consumer Issues
Topic: Videos Streaming SO SLOW and I have TURBO Internet
Replies: 6
Views: 699

Re: KeePass on Mac

I use KeePassX on my Mac without any issues.

I don't think this requires Mono -- I found the installation relatively straightforward and the application works pretty well.
by spefactor
Mon Mar 04, 2013 11:21 am
 
Forum: Personal Consumer Issues
Topic: KeePass on Mac
Replies: 9
Views: 1295

Re: Backdoor Roth IRA - Form 8606 - TurboTax

Thanks for the help Alan. My distribution code on 1099-R is 2, line 14 is 0, and line 18 is 0. It looks like everything is calculated correctly on those parts. Still, I would have hoped to see something filled in on the indented section (6-12). Just checked TaxAct and it has it. My 2011 return (Turb...
by spefactor
Fri Feb 01, 2013 11:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA - Form 8606 - TurboTax
Replies: 9
Views: 2429

Re: Backdoor Roth IRA - Form 8606 - TurboTax

Yeah I did visit that site. I deleted my 1099-R, followed his instructions to the T (except minor version issues) and my Form 8606 does not have lines 8, 9, or 10 populated hence why I think this may be an error.
by spefactor
Fri Feb 01, 2013 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA - Form 8606 - TurboTax
Replies: 9
Views: 2429

Re: Backdoor Roth IRA - Form 8606 - TurboTax

Yeah I did read it over and my impression was that this is a conversion and not a recharacterization as the IRS rules state: "Any recharacterized conversion or Roth IRA rollover from a qualified retirement plan will be treated as though the conversion or rollover had not occurred. Any recharact...
by spefactor
Fri Feb 01, 2013 4:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA - Form 8606 - TurboTax
Replies: 9
Views: 2429

Backdoor Roth IRA - Form 8606 - TurboTax

Hi, This year I did a backdoor Roth IRA (made a non-deductible contribution in 2012 and immediately converted it to a Roth in 2012). I entered this into TurboTax and Part II is correctly filled out. However, in Part I, line 8 is empty. I called up TurboTax and the lady mentioned that because what I ...
by spefactor
Fri Feb 01, 2013 4:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA - Form 8606 - TurboTax
Replies: 9
Views: 2429

Copy of Old Form 8606

In 2010 I filed a tax return, but I immediately noticed my accountant messed up a ton of stuff so I had to file amended return. Among the items corrected was a missing form 8606 for 2010 (I made a nondeductible TIRA contribution), which I included in the amended return. I am somewhat concerned about...
by spefactor
Thu Jan 10, 2013 8:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Copy of Old Form 8606
Replies: 1
Views: 365

Re: Fidelity Amex question

Not true. I set mine up to pay the full balance. No more, no less. What!? Can you tell me where? I just checked again: I went to Pay Bill, clicked Auto-Pay, and was presented with two options: "I do not want to participate in auto-pay" and "Sign me up for auto-pay with these options&...
by spefactor
Mon Nov 19, 2012 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Amex question
Replies: 25
Views: 2614

Re: Pay bills when they are due or ASAP?

I use automatic billpay for my credit cards. I get the most float and am never at risk of paying late.

The interest gained probably isn't much (.40% in checking last I checked) but I get a weird satisfaction I'm doing the most money-earning thing, even if it does amount to pennies....
by spefactor
Sun Sep 30, 2012 10:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay bills when they are due or ASAP?
Replies: 39
Views: 3317

How-to Withdraw Roth Contributions?

Hi, I am planning on withdrawing ordinary Roth contributions for prior years. How do I do this through Vanguard? Do I need to specify the specific years I am withdrawing so it is accurately report on tax forms by Vanguard? Also, my understanding is that this will need to be reported on Form 8606, Pa...
by spefactor
Sun Jul 15, 2012 3:39 pm
 
Forum: Investing - Theory, News & General
Topic: How-to Withdraw Roth Contributions?
Replies: 4
Views: 652

Re: Using Roth IRA for First Time Home Purchase

Thanks for the answers everyone, they have been really helpful!

My earnings do not meet the 5 year test, so it seems those will have to stay. It looks like I can withdraw $20,000 penalty-free.
by spefactor
Fri Jul 06, 2012 9:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using Roth IRA for First Time Home Purchase
Replies: 7
Views: 1169

Using Roth IRA for First Time Home Purchase

Hey Bogleheads, I am considering using my Roth IRA for my first home purchase. Here is a breakdown of my contributions/conversions: $5,000 contribution - 2008 year $5,000 contribution - 2009 year $5,000.23 conversion - 2011 year (converted from non-deductible traditional IRA contributed for 2010 tax...
by spefactor
Thu Jul 05, 2012 11:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using Roth IRA for First Time Home Purchase
Replies: 7
Views: 1169

Re: Negotiate job offer? Unique circumstances.

dailybagel, my career is the same as yours and I would advise against it. You don't want to come off as greedy and jeopardize a solid job offer. This actually happened to me a couple of months ago (very good offer, negotiated, fell through). Some say negotiate every offer, but I am a bit jaded from ...
by spefactor
Sat Jun 23, 2012 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Negotiate job offer? Unique circumstances.
Replies: 23
Views: 2636

Re: Social lending - worth the time?

It was fun to try but I think I'm not going to re-invest anymore after having been on it for two years. Reasons I do not like it: - Tax headache (I *hate* doing taxes though) - Not tax-efficient FWIW, I have gotten a 9.35% net return on a total of 82 loans, though 6 of these charged off and 3 are la...
by spefactor
Tue May 29, 2012 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social lending - worth the time?
Replies: 23
Views: 2269

Re: Economics of eating out

I guess count me as one on the "only eat out" side of the spectrum -- I have not used my kitchen since I moved into my apartment 6 months ago. I live in the NYC area and a $7 burrito at Chipotle is worth its weight in gold compared with the time and hassle of grocery shopping, cooking food...
by spefactor
Sat Feb 11, 2012 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Economics of eating out
Replies: 75
Views: 6585

Re: advice on reimbursement for CC fraud

I don't really think you have anything to worry about as both Visa and MasterCard both have zero liability policies.
by spefactor
Sat Feb 11, 2012 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: advice on reimbursement for CC fraud
Replies: 9
Views: 504

Re: Single employee (owner) payroll

I was in the same boat as you, I ended up consulting my local CPA who offered payroll services through ADP. It wasn't very expensive (something like $50 a month for one employee paid monthly) and they take care of a lot of the tax stuff for you. You actually give them power of attorney and file all ...
by spefactor
Sun Dec 04, 2011 11:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Single employee (owner) payroll
Replies: 14
Views: 1125

Re: State of Residence Impact on Net Worth

I used to live in a Chicago suburb, I would say that for a family of 4, the income of someone living and working in NYC needs to be at least 2x that of someone working in the Chicago area to ensure the same quality of life with respect to housing and education. Despite the claim by many politicians...
by spefactor
Wed Nov 09, 2011 12:12 am
 
Forum: Investing - Theory, News & General
Topic: State of Residence Impact on Net Worth
Replies: 33
Views: 3761

Re: First Ever Investment

I like the idea of the target fund for starting out. It's good to have diversification from the beginning. Once you have enough invested, you can exchange it for its underlying funds and then eventually convert to admiral class. I agree with others here that you should have significant savings in t...
by spefactor
Thu Oct 20, 2011 4:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: First Ever Investment
Replies: 31
Views: 1076

Where are you from? I use Chase and they make all unknown computers register via two-factor authentication. Just to get the terms straight, this type of security isn't two factor, but rather, it's usually referred to as twice-as-much-of-one-factor. In the lingo, a factor refers not just to an authe...
by spefactor
Fri Jul 08, 2011 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why does US online banking security sucks?
Replies: 74
Views: 4216

No offense to the Americans here, but online banking security in the US is well really quite bad compared to what I am used to before I came here. I'm not too familiar with identity theft statistics worldwide, but I will not be surprised if the US has one of the highest identity theft rates in the ...
by spefactor
Thu Jul 07, 2011 11:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why does US online banking security sucks?
Replies: 74
Views: 4216

Thanks for the heads up. I think that given the nature of what they are doing (taking cash without an envelope), they have to have a process in place when this happens (not to say that they actually do, but they should). Absent that, it seems like they are setting themselves up for some sort of liab...
by spefactor
Wed Jul 06, 2011 8:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deposited 2000 in cash into HSBC ATM: Didn't get credit
Replies: 29
Views: 4436

Not using a credit card has zero impact on your credit score -- you can have many old cards that you don't use, and not using them won't hurt you at all. Getting this new card will impact your credit rating, though: 1. You will get dinged for having CapitalOne check your credit, and 2. The average ...
by spefactor
Fri Jul 01, 2011 2:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit card/credit score question
Replies: 8
Views: 841

Not using a credit card has zero impact on your credit score -- you can have many old cards that you don't use, and not using them won't hurt you at all. Getting this new card will impact your credit rating, though: 1. You will get dinged for having CapitalOne check your credit, and 2. The average a...
by spefactor
Fri Jul 01, 2011 2:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit card/credit score question
Replies: 8
Views: 841

I also read somewhere that closing a credit card could hurt your credit score. Correct. should I apply for this capital one card, even though it is not the credit card of my choice? Probably, if it will help you build your credit. A no-rewards credit card is better than a secured card, and unless y...
by spefactor
Fri Jul 01, 2011 1:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit card/credit score question
Replies: 8
Views: 841

I am skeptical of this poll, since people often underestimate/underreport their financial resources when answering to the poll questions. It is like asking men about their height and women about their weight and age. "Ignorance more frequently begets confidence than does knowledge" - Char...
by spefactor
Tue May 24, 2011 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: WSJ: Nearly Half of Americans Are 'Financially Fragile'
Replies: 27
Views: 4585

I live in Hoboken and like it quite a bit. The crowd is mostly 20s and 30s and there's lot of social activities like ZogSports, etc. to meet people. Takes me 30 minutes to commute into Midtown.
by spefactor
Mon May 23, 2011 12:48 pm
 
Forum: Personal Consumer Issues
Topic: Question about looking for an apartment in NY/NJ
Replies: 15
Views: 2330

Thanks for the helpful feedback. I'm actually looking to max out Roth IRA and 401k this year. I guess I always knew I needed an emergency fund, but it helps someone else telling me this too. I'll start putting money aside for that. I should probably be a bigger saver too, I agree that I need to take...
by spefactor
Tue May 10, 2011 6:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio
Replies: 3
Views: 360

Help with portfolio

portfolio
by spefactor
Tue May 10, 2011 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio
Replies: 3
Views: 360

If you don't have anything to lose by going on the interviews, and you think the positions could be better, I would highly recommend at least *going* to them. Then, if you get a different offer, worry about reneging. If you are in the position to renege, I would say you should do what is most benefi...
by spefactor
Sat Apr 02, 2011 8:26 pm
 
Forum: Personal Consumer Issues
Topic: Renege on a job offer?
Replies: 61
Views: 10943

My account at Ally has a similar restriction. It only applies to savings accounts. They also cite federal laws.
by spefactor
Mon Mar 28, 2011 1:21 pm
 
Forum: Personal Consumer Issues
Topic: complaint - why are we regulated to 6 online transfers/month
Replies: 28
Views: 2905

Seem to remember either Bogle or Malkiel saying that a broad based index of U.S. companies will give you more than enough international exposure. But I could be wrong? I believe Bogle recommends 20% (the lower end of the 20-40% range mentioned in that PDF), taking into consideration many US large c...
by spefactor
Fri Jan 21, 2011 1:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100% Total Stock Index. Am I Being Reckless?
Replies: 131
Views: 12224

What about diversifying internationally (say, 20% in VTIAX)
https://institutional.vanguard.com/iip/pdf/ICRIECR.pdf

The diversification benefits (mentioned in the above pdf) seem to far outweigh the simplicity of buying into just one fund.
by spefactor
Fri Jan 21, 2011 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100% Total Stock Index. Am I Being Reckless?
Replies: 131
Views: 12224

15k service intervals on my '03 BMW (since purchased new). So far no issues.
by spefactor
Tue Sep 14, 2010 2:18 pm
 
Forum: Personal Consumer Issues
Topic: Engine oil change at 5,000 to 10,000 miles
Replies: 109
Views: 15244

I always leave a cash tip and also pay cash for the bill. Not giving my credit card to anyone who is out of my sight. investor People like this amaze me. live a little, trust me it'll all be okay. You know how many hundreds of hours it takes to clean up identity theft? An ounce of prevention.... Th...
by spefactor
Mon Sep 06, 2010 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Restaurant tipping - cash or card?
Replies: 102
Views: 10724

I second not putting Ubuntu on the machine.
by spefactor
Sun Sep 05, 2010 4:33 pm
 
Forum: Personal Consumer Issues
Topic: Help "wiping" a computer for donation
Replies: 76
Views: 6788

Thanks a lot for the helpful advice :D. The Wiki link was very helpful. I am expecting to earn a lot more money this year than I will be next year, so I think I will convert to a traditional IRA this year and a Roth next year, since I agree it seems like a Roth is a better choice based on what you h...
by spefactor
Tue Jul 27, 2010 10:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover to Roth or Non-Roth?
Replies: 4
Views: 690

Rollover to Roth or Non-Roth?

Hey,

I have a $18,000 in a 401k.

Should I convert this to a Roth IRA or a Traditional IRA?

I don't want to move to my employer's 401k as it's at Oppenheimer funds and the expense ratios of the funds are rather high in comparison to Vanguard (~1%).

Thanks.
by spefactor
Tue Jul 27, 2010 7:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover to Roth or Non-Roth?
Replies: 4
Views: 690

A book was written about this that I encourage you to read, it's called "Lights in the Tunnel". It's available as a free PDF on the book website, which I unfortunately can't post because I'm a newbie :).

Just google it -- you won't be disappointed.
by spefactor
Thu Jul 08, 2010 8:09 pm
 
Forum: Investing - Theory, News & General
Topic: What happens when everything becomes automated?
Replies: 132
Views: 7717

Yes, there is a law that states that you cannot call someone after they have instructed you not to call them. It's called the Telephone Consumer Protection Act of 1991. There's a PDF on the Internet which I can't link to because I'm new. Google "How to sue telemarketers". It describes the ...
by spefactor
Thu Jun 24, 2010 12:28 am
 
Forum: Personal Finance (Not Investing)
Topic: How to Stop Chase Home Finance from Calling me?
Replies: 24
Views: 3699

A good idea would be to find a nice suburb in New Jersey or Connecticut near an MTA mass transit line, with a low commute time. These places don't have the "vibrancy" of the city, to be sure. However, they have cheaper cost of living (no 3% city tax, or $5,500), and are better places to ra...
by spefactor
Mon May 31, 2010 3:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Decent income, living in NYC, paying a high rent
Replies: 97
Views: 10809

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