Search found 59 matches

by Gustie13
Wed Dec 16, 2015 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Tax Implications
Replies: 7
Views: 575

Re: Roth Conversion Tax Implications

Ok, got it now. I was hoping I'd stumbled upon a way to get tax-free retirement money. Thanks for everyone's help. :happy
by Gustie13
Tue Dec 15, 2015 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Tax Implications
Replies: 7
Views: 575

Re: Roth Conversion Tax Implications

Where did the funds from the pension come from........from your paycheck before taxes? or the company's funds?? The company should be able to tell you. They were from the company's funds. The funds are not non-deductible. You will add $18,000 to your AGI (adjusted gross income) on the first page of...
by Gustie13
Tue Dec 15, 2015 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Tax Implications
Replies: 7
Views: 575

Roth Conversion Tax Implications

Hello, I've read the Roth Conversion Wiki, as well as some other Roth Conversion threads and websites but am still confused on the tax implications of a Roth Conversion in my situation. I left my previous employer this year and was given the option to either 1) rollover the amount that was in my pen...
by Gustie13
Tue Sep 22, 2015 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Sign up for Barclay's Arrival+ Card...yes or no?
Replies: 4
Views: 551

Re: Sign up for Barclay's Arrival+ Card...yes or no?

Once you have the card and an account you can go to 'Manage Rewards' then 'Use My Miles' followed by 'Travel Statement Credits'. Any eligible travel purchases will be listed and you can apply your rewards/points/miles to the charge to offset it. If you're considering getting a credit card in order t...
by Gustie13
Thu Sep 17, 2015 9:16 am
Forum: Investing - Theory, News & General
Topic: Gold and EBay
Replies: 21
Views: 1599

Re: Gold and EBay

I think something like this would be covered under Ebay's Money Back Guarantee. That is supposed to cover pretty much any item (except vehicles, real estate, services, and business equipment) and basically says you'll get your money back if the item isn't as described in the listing (which I imagine...
by Gustie13
Fri Aug 28, 2015 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor a re-characterized IRA?
Replies: 12
Views: 998

Re: Backdoor a re-characterized IRA?

If you know you can't contribute to the Roth IRA because of your income there is no reason to keep contributing to that Roth IRA, so yes, stop the auto-contributions. OP, If you do a recharacterization, put it into a separate TIRA if you already have an TIRA. Put the new (future) 2015 contributions...
by Gustie13
Thu Aug 27, 2015 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor a re-characterized IRA?
Replies: 12
Views: 998

Re: Backdoor a re-characterized IRA?

With respect to the condo sale, was this your main home? Do you not qualify for the exclusion up to 500k of the LT gain? If you qualify, then the condo sale will not increase your MAGI. :shock: :oops: First time I've sold a house, I assumed taxes were due on the profits no matter the amount. If tha...
by Gustie13
Thu Aug 27, 2015 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor a re-characterized IRA?
Replies: 12
Views: 998

Backdoor a re-characterized IRA?

Hi, Wondering if someone can help me understand if this is possible (or point me in the direction of an easier solution). I'm 32 and each year (in addition to contributing the max to my company's 401k) I contribute $5500 to a Roth IRA via 26 installments of ~$211 (auto contribution after each payche...
by Gustie13
Thu Aug 27, 2015 9:53 am
Forum: Personal Consumer Issues
Topic: How to get best deal on a rental car ?
Replies: 29
Views: 2581

Re: How to get best deal on a rental car ?

This one is very location specific, but if you're going to Hawaii the BEST site to use is DiscountHawaiiCarRental.com. When I first heard about it I was pretty skeptical, but we've been to Hawaii 4 times in the past 18 months and every time DHCR has been the cheapest. Plus, you don't pay until you p...
by Gustie13
Thu Aug 20, 2015 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Young (29) investor - Asset Allocation discussion and help
Replies: 16
Views: 2658

Re: Young (29) investor - Asset Allocation discussion and help

Well here I am, a few years older, hopefully a little wiser. Thought I'd provide an update after taking some advice I got here and also seek out some more wisdom: INTRO INFO Emergency Fund: $20,000 Debt: $128/month (his student loan) Balance: $7,426. Int Rate: 2.625% Will soon have $2000 monthly mor...
by Gustie13
Mon Feb 16, 2015 12:09 pm
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 260
Views: 708865

Re: TradingPlaces' advice on travel awards

Just a couple tidbits of advice as I'm pretty active in the Manufactured Spend / FlyerTalk arenas. 1) Blogs like MillionMileSecrets and FrequentMiler get paid when you apply for a CC using their referral links, so don't take their recommendations too seriously. They're a good starting point, but blo...
by Gustie13
Mon Feb 16, 2015 12:03 am
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 260
Views: 708865

Re: TradingPlaces' advice on travel awards

VesperLynd, I think there's a misconception that one needs to find creative ways to unload a Redcard. You don't. There are 2 incredibly easy to ways to unload your Redcard. One is what Victoria said: just use the Redcard to pay off the credit card you loaded the Redcard from. The other is to link y...
by Gustie13
Thu Jun 19, 2014 11:06 am
Forum: Personal Consumer Issues
Topic: Bluebird
Replies: 14
Views: 1865

Re: Bluebird

This is much more popular among the FlyerTalk/FatWallet communities than here.
by Gustie13
Wed Jun 18, 2014 1:36 pm
Forum: Personal Consumer Issues
Topic: What smartphone plan do you use?- off contract
Replies: 100
Views: 6747

Re: What smartphone plan do you use?- off contract

As a current StraightTalk user, I'm 100% certain StraightTalk charges me tax. It may just be state sales tax, so if you live in a tax free state then it would be a flat $45. Are you paying via an online account with them, or buying the refill cards at Walmart? I think you pay sales tax if you buy t...
by Gustie13
Tue Jun 17, 2014 4:37 pm
Forum: Personal Consumer Issues
Topic: What smartphone plan do you use?- off contract
Replies: 100
Views: 6747

Re: What smartphone plan do you use?- off contract

Results of my research into AT&T MVNO selected monthly plans: AT&T: $45, Unlimited talk and text, 300Mb data, 4G-LTE, partner roaming StraightTalk: $45, Unlimited talk and text, Unlimited data, 4G-LTE, partner roaming Net10: $40, Unlimited talk and text, Unlimited data, 4G-LTE, partner roam...
by Gustie13
Sun Jun 15, 2014 4:33 pm
Forum: Personal Consumer Issues
Topic: What smartphone plan do you use?- off contract
Replies: 100
Views: 6747

Re: What smartphone plan do you use?- off contract

I use StraightTalk's $45/mo plan (Unl talk/text, 3gb data). I talk very little but text a lot and use a large amount of data so I tried switching to TMobile's $30/mo (100min/Unl text, 5gb data) recently but the experience was terrible. Took me a few hours on the phone (which is a pain when you're po...
by Gustie13
Mon Jun 09, 2014 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Side Business Incorporation and Retirement Plan
Replies: 1
Views: 288

Side Business Incorporation and Retirement Plan

Hello, I recently started a side business that looks like it will generate an extra $10k/year in earnings/income and I'm looking for advice on incorporation, with an eye towards squirreling away as much of that as possible in a self-employed retirement plan (SEP, Solo 401k, etc). - I do 98% of the w...
by Gustie13
Thu Nov 14, 2013 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Extra $32,500 in Roth IRA - too good to be true?
Replies: 159
Views: 40146

Re: Extra $32,500 in Roth IRA - too good to be true?

Didn't get around to trying it last year, but reading through my company's Plan Summary this year I noticed two parts that make me pause before trying this year: 'If you withdraw earnings on your after-tax contributions, you will have taxable income that will be subject to federal and state income t...
by Gustie13
Fri Sep 06, 2013 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio allocation advice - 30 yr old in CA
Replies: 18
Views: 2228

Re: Portfolio allocation advice - 30 yr old in CA

Why are some of those checking account yields so high? Seems fishy to me. They are able to provide high rates because the Banks make money on the debit and bill-pay requirements. It is quite legitimate but not really offered at such high rates by mega banks. Thats why that list I linked contains sm...
by Gustie13
Wed Mar 06, 2013 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: What credit/charge cards do you have in your wallet?
Replies: 114
Views: 67703

Re: What credit/charge cards do you have in your wallet?

Someone pm'ed me about the Southwest card. To share with everyone, here is the info: Slickdeals.net: Two Roundtrip Flights (50k Points) with New Southwest Airlines Premier Credit Card Approval for $2000 Spent Within First 3 Months . It is good for more flight ($800) than gift cards ($500), minus $9...
by Gustie13
Thu Feb 28, 2013 11:19 am
Forum: Personal Finance (Not Investing)
Topic: What credit/charge cards do you have in your wallet?
Replies: 114
Views: 67703

Re: What credit/charge cards do you have in your wallet?

USAA M/C (10% off gas through 6/13) Costco Amex everything else Taz, What type of USAA MC do you have? I have the World MC Cash Rewards and can't find any reference to 10% off gas. That's the one I have. I called USAA when my BP card converted from 5% cash back to new offer. I told them I wasn't us...
by Gustie13
Mon Feb 25, 2013 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: What credit/charge cards do you have in your wallet?
Replies: 114
Views: 67703

Re: What credit/charge cards do you have in your wallet?

USAA M/C (10% off gas through 6/13) Costco Amex everything else Taz, What type of USAA MC do you have? I have the World MC Cash Rewards and can't find any reference to 10% off gas. To OP- I have 3: Fidelity Amex 2% off everything USAA MC around 1.25%, just use it for places that don't take Amex Tar...
by Gustie13
Thu Feb 07, 2013 4:01 pm
Forum: Personal Consumer Issues
Topic: Decision on Company Car vs Personal Car
Replies: 26
Views: 3584

Re: Decision on Company Car vs Personal Car

A few comments from the "dark side"...aka non-financial consideratioins. -Does the company car have a GPS tracking device? My employers' cars do. Tracks location, speed, time spent idling, time between engine off and on, etc. I wouldn't want my boss to know I left my girlfriend's house at...
by Gustie13
Fri Feb 01, 2013 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Which 529 plan?
Replies: 22
Views: 2645

Re: Which 529 plan?

Does anyone do different 529s in different states for the same beneficiary? Here is why I ask: My friends live in MN and can't get any state tax deduction so they could pick whichever state plan they prefer for their newborn but they have grandparents in states that do offer a tax deduction, so woul...
by Gustie13
Tue Jan 29, 2013 1:03 pm
Forum: Personal Consumer Issues
Topic: Decision on Company Car vs Personal Car
Replies: 26
Views: 3584

Re: Decision on Company Car vs Personal Car

Wanted to close the loop on this after the helpful responses:

I took the allowance and bought a 2009 Altima w 43K miles on it. Car has been running well so far, not quite the gas mileage I'd hoped for but the remote starter and MN winters might be impacting things :happy

Thanks everyone.
by Gustie13
Sun Oct 28, 2012 3:37 pm
Forum: Personal Consumer Issues
Topic: New Kindle Fire and Warranty?
Replies: 9
Views: 1082

Re: New Kindle Fire and Warranty?

I just bought a Fire HD, haven't gotten it yet but I've heard its a nice improvement from the regular Fire, which I thought worked OK. Its not an iPad, but I had no intention of paying iPad prices, and the reviews I've read are that the Fire HD and Nexus are both very good cheaper alternatives to an...
by Gustie13
Wed Oct 17, 2012 3:22 pm
Forum: Personal Consumer Issues
Topic: Decision on Company Car vs Personal Car
Replies: 26
Views: 3584

Re: Decision on Company Car vs Personal Car

Does anyone have any thoughts on the tax implications of that $155/month fee for the company car? Would I be able to deduct that $1860/yr from the Taxable Income I would need to declare?
So it would look something like this:

(Personal Miles x $.55/mile (rate from IRS)) x tax rate) - Use Fee)
by Gustie13
Sat Oct 13, 2012 12:40 pm
Forum: Personal Consumer Issues
Topic: $800 to burn on fitness related expense
Replies: 35
Views: 1969

Re: $800 to burn on fitness related expense

I know you said you weren't looking for a gym membership, but I live in the Twin Cities as well and do CrossFit at a CF dedicated gym in the area. Great workout! You can do a lot of the stuff at home if you like but I noticed you said you don't have much room available. Thats my plug! :D
by Gustie13
Fri Oct 12, 2012 2:05 pm
Forum: Personal Consumer Issues
Topic: Decision on Company Car vs Personal Car
Replies: 26
Views: 3584

Re: Decision on Company Car vs Personal Car

JT,
The allowance IS taxable according to the company policy I've read. I still think its worth going the personal car route.
by Gustie13
Thu Oct 11, 2012 9:46 pm
Forum: Personal Consumer Issues
Topic: Decision on Company Car vs Personal Car
Replies: 26
Views: 3584

Re: Decision on Company Car vs Personal Car

Epsilon Delta- 1) Correct, I am not counting the Cost AND Depreciation, just Depreciation. 2) I plan on being with the company / in the department for a while. Long enough to not need to worry about it's impact on the car decision. 3) The company standards aren't hard and fast (not x miles or x year...
by Gustie13
Thu Oct 11, 2012 9:32 am
Forum: Personal Consumer Issues
Topic: Decision on Company Car vs Personal Car
Replies: 26
Views: 3584

Re: Decision on Company Car vs Personal Car

Here is exactly what I'm getting and giving in each case- Company Car Give/Pay- $155/month fee Taxes due on Personal Miles Get/Receive- Company Car Insurance Maintenance Gas Car Washes Personal Car Give/Pay- Cost and Depreciation of Car Insurance Maintenance Gas Taxes Payable on Allowance Get/Receiv...
by Gustie13
Thu Oct 11, 2012 8:40 am
Forum: Personal Consumer Issues
Topic: Decision on Company Car vs Personal Car
Replies: 26
Views: 3584

Re: Decision on Company Car vs Personal Car

Is this your only car? Is there a significant other or children in the picture with a car(s)? Depending on that situation I might lean one way or another with respect to spacing out new car purchases. The Integra is my only car, correct. I'm 29 and have 1 girlfriend, 0 wives, & 0 kids, so I don...
by Gustie13
Wed Oct 10, 2012 11:03 pm
Forum: Personal Consumer Issues
Topic: Decision on Company Car vs Personal Car
Replies: 26
Views: 3584

Decision on Company Car vs Personal Car

Has anyone faced the decision whether to accept a company car or take a monthly car allowance to keep your personal car? I'm faced with that choice and was curious what factors people have taken into consideration and what decision they've come up with. Factors indentified so far-- Company Car: Mont...
by Gustie13
Thu Oct 04, 2012 12:12 pm
Forum: Personal Consumer Issues
Topic: Old AT&T IPhone to Cheap Network?
Replies: 23
Views: 2754

Re: Old AT&T IPhone to Cheap Network?

Just wanted to update people after having switched to Straight Talk about 3 weeks ago. I haven't had any trouble with reception while talking but I have noticed that I hit dead areas that I can't connect to the internet from more frequently than I used to (I like in a suburb of a large metropolitan...
by Gustie13
Thu Oct 04, 2012 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Young (29) investor - Asset Allocation discussion and help
Replies: 16
Views: 2658

Re: Young (29) investor - Asset Allocation discussion and he

Thanks for the tips. Wanted to follow up and say I've got my AA just about to where I want it, I'm going to max my pre-tax 401k and IRA contributions this year (thanks to the Roth as EF idea), and am looking into the idea discussed in this thread http://www.bogleheads.org/forum/viewtopic.php?f=2&...
by Gustie13
Thu Oct 04, 2012 11:47 am
Forum: Personal Consumer Issues
Topic: Old AT&T IPhone to Cheap Network?
Replies: 23
Views: 2754

Re: Old AT&T IPhone to Cheap Network?

Just wanted to update people after having switched to Straight Talk about 3 weeks ago. I haven't had any trouble with reception while talking but I have noticed that I hit dead areas that I can't connect to the internet from more frequently than I used to (I live in a suburb of a large metropolitan ...
by Gustie13
Thu Oct 04, 2012 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Extra $32,500 in Roth IRA - too good to be true?
Replies: 159
Views: 40146

Re: Extra $32,500 in Roth IRA - too good to be true?

Alan and Ice-T- After reading through my companies Summary Plan Description it appears I am able to do this - they allow In-Service Withdrawals limited to my after-tax contributions and earnings (plus rollover contributions and vested company match). So if I understand things correctly: 1) It states...
by Gustie13
Tue Oct 02, 2012 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Extra $32,500 in Roth IRA - too good to be true?
Replies: 159
Views: 40146

Re: Extra $32,500 in Roth IRA - too good to be true?

Has anyone heard yet what the IRS's opinion on this is? I've tried checking the Wiki, other threads, and the Google to no avail. My employer 401k plan allows for pre-tax and post-tax contributions and I already have a Roth IRA set up with Fidelity so if I understand this correctly I just need to see...
by Gustie13
Wed Sep 26, 2012 12:22 pm
Forum: Personal Consumer Issues
Topic: Any New Zealand tips?
Replies: 23
Views: 1692

Re: Any New Zealand tips?

Rotorhead,
Since you've been to both what are your thoughts on Norway vs New Zealand? The two are at the top of my To Visit list!
by Gustie13
Sat Sep 15, 2012 2:21 pm
Forum: Personal Consumer Issues
Topic: Old AT&T IPhone to Cheap Network?
Replies: 23
Views: 2754

Re: Old AT&T IPhone to Cheap Network?

You don't need to do any unlocking if you get a new sim card and plan on another network, do you? I've done a fair amount of research and am looking at doing the StraightTalk plan and haven't read anything about needing to unlock my iPhone. If it was as easy as just changing SIM cards, there wouldn...
by Gustie13
Thu Sep 13, 2012 3:48 pm
Forum: Personal Consumer Issues
Topic: Old AT&T IPhone to Cheap Network?
Replies: 23
Views: 2754

Re: Old AT&T IPhone to Cheap Network?

Also, I'm surprised no one mentioned the carrier locking issue. The contract might have ended, but the phone is still locked to AT&T. Some people have had luck getting AT&T to unlock their out-of-contract phones though. Yeah, I came in this thread to mention that. For unlocking to be proces...
by Gustie13
Thu Aug 23, 2012 12:55 pm
Forum: Personal Consumer Issues
Topic: Comcast modem rental
Replies: 32
Views: 5741

Re: Comcast modem rental

Has anyone done this with wireless internet from Comcast? The modem rental is what they charge $7/mo for, the wireless router is free, but I'm wondering if I buy my own modem will they then make me start paying for the wireless router (or charge me for it). If they want to charge you for the wirele...
by Gustie13
Wed Aug 22, 2012 4:16 pm
Forum: Personal Consumer Issues
Topic: Comcast modem rental
Replies: 32
Views: 5741

Re: Comcast modem rental

Has anyone done this with wireless internet from Comcast? The modem rental is what they charge $7/mo for, the wireless router is free, but I'm wondering if I buy my own modem will they then make me start paying for the wireless router (or charge me for it).
by Gustie13
Mon Aug 20, 2012 5:05 pm
Forum: Personal Consumer Issues
Topic: Europe Trip Recommendations
Replies: 23
Views: 3258

Re: Europe Trip Recommendations

I spent 10 days traveling from Munich to Geneva a few springs ago (end of March, beginning of April) and absolutely loved it. Most of my time was spent in the Alps - I hit up Chur, St Moritz, Lucerne, Interlaken, Bern (briefly), Zermatt, and Geneva. If the two of you love mountains then you'll love ...
by Gustie13
Mon Aug 13, 2012 8:39 pm
Forum: Personal Consumer Issues
Topic: Best way to give your kid a car?
Replies: 14
Views: 1876

Re: Best way to give your kid a car?

My son is out of college now but a few things you might want to add; 1) Make sure she has plenty of spare keys. I don't know about that model but some models have anti-theft features built into the key so to make a duplicate you have to have some numbers that came with the paperwork when you bought...
by Gustie13
Tue Aug 07, 2012 4:15 pm
Forum: Personal Consumer Issues
Topic: Side jobs or hobbies that make you money
Replies: 127
Views: 20769

Re: Side jobs or hobbies that make you money

I get several hundred dollars a year from using a strategically-chosen mix of cash back credit cards. I never really thought of that as a "hobby" until a friend of mine, after patiently listening to me talk about the latest cash back credit card I had acquired, commented that "it see...
by Gustie13
Tue Aug 07, 2012 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Newbie question about starting an emergency fund....
Replies: 14
Views: 942

Re: Newbie question about starting an emergency fund....

Currently I make $62k gross, contribute to a 401k, and have an "emergency fund" of $1k, :oops: , that I don't touch. 2. What should I consider as expenses. As far as monthly debt/expenses I have: -mortgage -student loan -car insurance -utilities (electric, gas, water, cell phone) What els...
by Gustie13
Tue Aug 07, 2012 9:32 am
Forum: Personal Consumer Issues
Topic: Iphone on Virgin Mobile??
Replies: 40
Views: 4213

Re: Iphone on Virgin Mobile??

Virgin might be offering sims in the near future, so one could bring in a phone. Simple Mobile already does this, with the sims costing about $10. The problem for me is none of these network piggy-backing companies offer tethering. Users do it at the risk of getting kicked off the plan. But that mi...
by Gustie13
Mon Aug 06, 2012 9:28 pm
Forum: Personal Consumer Issues
Topic: Iphone on Virgin Mobile??
Replies: 40
Views: 4213

Re: Iphone on Virgin Mobile??

Since I already have an iPhone (3, not the newest, but it does the trick) and no contract to worry about I think my best option is going to be: - Buy the cheapest Straight Talk phone from Wal-mart ($20) - Do the monthly unlimited Straight Talk plan ($45/month, down from $83 for AT&T). - Activate...
by Gustie13
Mon Aug 06, 2012 4:43 pm
Forum: Personal Consumer Issues
Topic: Iphone on Virgin Mobile??
Replies: 40
Views: 4213

Re: Iphone on Virgin Mobile??

Has anyone tried the StraighTalk plans from Walmart? Looks like it offers the same as the Virgin Mobile plan I'm looking at (for about $45 you get unlimited messaging & web access and virtually unlimited minutes).

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