Search found 43 matches

by bslice
Sun Mar 19, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: USAA and Haven Life (Mass Mutual) Life Insurance Quotes
Replies: 3
Views: 235

USAA and Haven Life (Mass Mutual) Life Insurance Quotes

Just got quotes for Level Term Life Insurance with Haven Life and USAA. I feel like the quoting process is just a bait-and-switch until your medical exam results return. Has anyone had a quote (cost per month) change after the results of a medical exam? Info: I'm 33 Non-smoker/tobacco "normal&q...
by bslice
Fri Jan 13, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa 2% cash back
Replies: 73
Views: 8896

Re: Fidelity Rewards Visa 2% cash back

Same for me.....great way to get 2% back! This is my primary card. 2% on everything (got rid of other cards - rolling benefits that I could not remember). I setup alerts for any activities (via email) Autopay full amount Deposit rewards automatically into fidelity when threshold is reached Works Gre...
by bslice
Mon Dec 19, 2016 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: MFS status - new baby!
Replies: 1
Views: 477

MFS status - new baby!

Wife and I typically use the MFS status. She is still in residency and makes ~60K. I am making double that so we MFJ to lower her income based repayment status for the med school loans. We just had a new baby girl! So Excited... :beer Who should claim her as the dependent? Can you still do that if y...
by bslice
Thu Jul 28, 2016 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Selling House - Capital Gains Tax if MFS
Replies: 1
Views: 198

Selling House - Capital Gains Tax if MFS

Wife and I are married and live together. We always file separately due to significantly lower IBR on her Student Loans (med school). We are now selling the house. Will make $~160K. I know there is a tax break if you MFJ up to 250K in home sales, what about for MFS? Will I need to account for taxes ...
by bslice
Tue Jul 26, 2016 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market Fund (VMMXX) Question?
Replies: 33
Views: 11847

Re: Vanguard Prime Money Market Fund (VMMXX) Question?

Help.... Vanguard just moved all of my Money Market funds into VMMXX without my consent.... Happen to anyone else? "A change to the settlement fund is now in progress for this account" was the message when I logged in. You must have had the Prime MM Fund designated as the brokerage settle...
by bslice
Tue Jul 26, 2016 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market Fund (VMMXX) Question?
Replies: 33
Views: 11847

Re: Vanguard Prime Money Market Fund (VMMXX) Question?

Help....

Vanguard just moved all of my Money Market funds into VMMXX without my consent....

Happen to anyone else?

"A change to the settlement fund is now in progress for this account" was the message when I logged in.
by bslice
Fri Jul 22, 2016 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - 2nd Time HB
Replies: 1
Views: 282

New Mortgage - 2nd Time HB

Where are the best places to get a mortgage these days (who has the best rates and customer service)

Looking for 30 year fixed
Texas
Selling existing home and moving
Will be putting 20% down
Member of local Credit Union and USAA
by bslice
Tue Jul 19, 2016 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: I froze my credit, here's what happened next...
Replies: 20
Views: 3810

I froze my credit, here's what happened next...

Credit Frozen in April 2016 (in Texas its $30 total - $10 per agency). Decided to test the feature and applied for credit. Really wanted to get the Fidelity 2% back card for my 529 account. I'm lazy and didnt want to move money from other cash back CC's into the 529 amount. After completing the onli...
by bslice
Tue Jul 19, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Citi price rewind
Replies: 11
Views: 1962

Re: Costco Citi price rewind

pondering wrote:Walmart has a similar feature with its app.


Of which I have received $6.41 in 2 years....pretty sure its actual purpose is for targeted marketing! :dollar
by bslice
Fri Jul 15, 2016 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Consolidation Options
Replies: 2
Views: 193

Re: Student Loan Consolidation Options

Awesome. Thanks! That is what I was thinking.

Given our planned repayment strategy, I think we will just opt for the flexibility of the federal loans.
by bslice
Fri Jul 15, 2016 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should I put a Credit Freeze on my accounts?
Replies: 37
Views: 4995

Re: Should I put a Credit Freeze on my accounts?

Can you access your score with Credit Karma etc... during a freeze (consumer requested) or is it locked down for that purpose as well. Any disadvantages in locking down in terms of improving scores. Is it a bad idea for someone with a thin file? I signed up for Credit Karma before freezing, and it ...
by bslice
Fri Jul 15, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Consolidation Options
Replies: 2
Views: 193

Student Loan Consolidation Options

Wife has medical school loans at 6.5% (All Federal loans). Balance is 105K with very little accrued interest as we pay extra every month. We are "paid ahead" by several years according to the MyGreatLakes site. Therefore, we have the flexibility to skip payments if we have to/want to. I wa...
by bslice
Wed Feb 11, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: How do you figure out your W4 withholding?
Replies: 24
Views: 4830

Re: How do you figure out your W4 withholding?

I use the TaxCaster app from TurboTax to help me estimate.
by bslice
Wed Feb 11, 2015 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: 2015 Estimated Tax Payments
Replies: 6
Views: 673

Re: 2015 Estimated Tax Payments

I guess I still don't understand.... just in the base case, if you owe taxes of more than $1,000 you can get assessed an additional "penalty"? For example, when you file your taxes for 2015 and you owe $1,500, you can possibly get in trouble for that? Why not just pay the $1,500 and move on?
by bslice
Wed Feb 11, 2015 10:28 am
Forum: Personal Finance (Not Investing)
Topic: 2015 Estimated Tax Payments
Replies: 6
Views: 673

Re: 2015 Estimated Tax Payments

No need to do estimated taxes if you can do the same with withholding. Are the vouchers for you or spouse? Is it possible that even tho the IRS owes you (both overall) just $9, that $9 is composed of a much larger credit for one and a deficit for the other? and that the vouchers are for the deficit...
by bslice
Wed Feb 11, 2015 9:51 am
Forum: Personal Finance (Not Investing)
Topic: 2015 Estimated Tax Payments
Replies: 6
Views: 673

2015 Estimated Tax Payments

Searched for this specific question, but could not find it: Is it a requirement to make "Estimated Tax Payments"? For the first time, TurboTax showed me 4 vouchers to send in money quarterly. I have never seen this before in Turbo Tax and I always adjust my withholdings in Jan to get my re...
by bslice
Mon Jan 26, 2015 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Slice and Dice with Etf and Admiral?
Replies: 8
Views: 897

Re: Slice and Dice with Etf and Admiral?

I did this as well for a while...had a large amount in the Extended Market Fund - Admiral shares....however, once I started to diversify, I found it was impossible to build up to admiral level :). So I upgraded my account to the Brokerage account and converted the Extended Market admiral shares into...
by bslice
Tue Dec 30, 2014 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Hold on New Vanguard Account Funds
Replies: 5
Views: 817

Re: Hold on New Vanguard Account Funds

This is normal.

I just did the backdoor Roth a few weeks ago and it took 3-5 days before I was able to convert the TIRA into my existing Roth account.
by bslice
Mon Dec 29, 2014 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Acorns - Automatic Investing
Replies: 17
Views: 4293

Re: Acorns - Automatic Investing

I have been using this service for about 3 months now. Mostly because I wanted to give it a shot...here are my thoughts: - They don't actually "round up and deposit" each transaction. They sum up all of your transactions and pull the money from your linked-bank account once the round ups h...
by bslice
Tue Dec 23, 2014 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off an Engagement Ring or Contributing to a Roth IRA?
Replies: 26
Views: 3400

Re: Paying off an Engagement Ring or Contributing to a Roth

No easy answer here....however, given that the CC is int free and you expect to be able to pay it off in time, I would go for the Roth. As someone metioned, you can always pull your CONTRIBUTIONS out of the Roth if necessary. Normally, I would say pay off all the debt first, but this might be differ...
by bslice
Fri Dec 19, 2014 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Dollar Cost Averaging and a Backdoor Roth IRA
Replies: 6
Views: 1113

Re: Dollar Cost Averaging and a Backdoor Roth IRA

Wouldn't it be far simpler to just think of it as DCA'ing annually instead of monthly? Given the limitations of an IRA, your gain/loss exposure within a single year is already severely limited anyway, so this seems like a lot of extra work. Granted, if it gives you peace of mind, then that's someth...
by bslice
Fri Dec 19, 2014 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Happy with Barclays savings account?
Replies: 49
Views: 17337

Re: Happy with Barclays savings account?

@OP: I opened a Barclays account about 1 year ago for my emergency savings holdings. I also use Cap 1 360 (rest in peace ING) for my primary Bank. I really like Barclays as a savings account. GO FOR IT!!!!!!!!!!!!!!!!!!!! FYI, for their savings account, they just raised the rate to an even 1%. It wa...
by bslice
Thu Dec 18, 2014 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dollar Cost Averaging and a Backdoor Roth IRA
Replies: 6
Views: 1113

Dollar Cost Averaging and a Backdoor Roth IRA

OK - most of you know I am anal....sorry, its just me. I recently was "worried" that I would not be able to dollar cost average anymore since I will need to start using the Backdoor Roth IRA method (in the past, I was able to contribure directly to my Roth IRA w $450/month). I assumed that...
by bslice
Thu Dec 18, 2014 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Problems with Fidelity Backdoor
Replies: 12
Views: 4632

Re: Problems with Fidelity Backdoor

Yes. That's why I added that comment about year end. Chances are, if you are doing a Backdoor Roth, you know the contribution deadlines
by bslice
Thu Dec 18, 2014 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Problems with Fidelity Backdoor
Replies: 12
Views: 4632

Re: Problems with Fidelity Backdoor

SOLVED! Thanks for all the help here! Turns out I just needed to wait 4-5 days. Something to keep in mind if you are planning this before year end. We made the deposit on 12/12 and was able to convert on 12/18 (about 4-5 Business days). I really wish they would put some better error text in for this...
by bslice
Wed Dec 17, 2014 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Problems with Fidelity Backdoor
Replies: 12
Views: 4632

Re: Problems with Fidelity Backdoor

When we did it last January, got the same message so I called the rep and after he looked into it he explained that they put a hold on the new funds for I think 10 business days before allowing to transfer them. wow! 10 Business Days seems extreme. thanks for the info! Interestingly, Vanguard allow...
by bslice
Tue Dec 16, 2014 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Problems with Fidelity Backdoor
Replies: 12
Views: 4632

Re: Problems with Fidelity Backdoor

After another day of waiting, we called Fidelity today. They also tried on their end and said we needed to wait another day or so....ummmm
by bslice
Mon Dec 15, 2014 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Problems with Fidelity Backdoor
Replies: 12
Views: 4632

Re: Problems with Fidelity Backdoor

PatrickA5 wrote:I've had that message come up in the past when I tried to convert too soon after making the contribution. You might want to give it a few more days.


OK - thanks!!!! It has been a short time from my Traditional IRA contribution and the conversion
by bslice
Mon Dec 15, 2014 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 102
Views: 10545

Re: What are your 2015 Financial Goals?

1) Increase my "Emergency Fund/9 Months of expenses" to 45K (currently at 39K) 2) Max Roth 3) Max 401k 4) Increase 529 account contributions to $250/month (currently at $200) 5) Open a new taxable account with Schwab - the Intelligent Investment account - when its available and migrate awa...
by bslice
Mon Dec 15, 2014 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Problems with Fidelity Backdoor
Replies: 12
Views: 4632

Problems with Fidelity Backdoor

Hi There! Has anyone recently attempted a backdoor Roth through Fidelity? I am getting the following error when trying to convert the Traditional IRA to my existing Roth account: "This account cannot be converted at this time (12A229) If you have any questions please call a Fidelity Representat...
by bslice
Fri Dec 12, 2014 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth process at Vanguard
Replies: 36
Views: 3123

Re: Backdoor Roth process at Vanguard

I just did this monday. It took less than 24 hours to fund the MM and then do the rollover. I transferred the money to the T-IRA acct from a taxable account at Vanguard. If you have to wire it or write a check obviously it will take longer. I think the issue is if you put it into a MF or a stock, a...
by bslice
Fri Dec 12, 2014 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth process at Vanguard
Replies: 36
Views: 3123

Re: Backdoor Roth process at Vanguard

placeholder wrote:I don't understand the bit about keeping it in money market to avoid taxes because if you pay taxes it's because you made money so you're deliberately avoiding making money so you don't have to pay a percentage of the growth in taxes.


Exactly.
by bslice
Fri Dec 12, 2014 10:24 am
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 400
Views: 76320

Re: vanguard new brokage account

Hi! I just "upgraded" to this. I was previously in the "normal" mutual fund account platform they had. It appears the new "brokerage" accounts are the norm. They let you invest in ETFs now. So, as I see it, you can take advantage of the low cost ETFs which do not have a...
by bslice
Thu Dec 11, 2014 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth process at Vanguard
Replies: 36
Views: 3123

Re: Backdoor Roth process at Vanguard

I do agree that it rarely matters which year the conversion part of the backdoor Roth is done. since it adds zero taxable income. I thought that the capital gains could grow to be large enough to be taxed if the conversion was not done quickly enough, e.g. delayed to the second year. Am I getting i...
by bslice
Thu Dec 11, 2014 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth for a beginner
Replies: 16
Views: 1531

Re: Backdoor Roth for a beginner

ugaDAWGS09 wrote:One more question, the maxed pre-tax 401k has no affect on the backdoor Roth correct?


Correct. The Roth IRA has no impact to what you did in your 401k. And congrats on maxing out!! :moneybag :moneybag
by bslice
Thu Dec 11, 2014 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth process at Vanguard
Replies: 36
Views: 3123

Re: Backdoor Roth process at Vanguard

Yes, the capital gains will be taxed. Im leaving mine in the default money market account.
by bslice
Thu Dec 11, 2014 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth process at Vanguard
Replies: 36
Views: 3123

Re: Backdoor Roth process at Vanguard

I have a few questions about the process when doing this with the vanguard brokerage IRA accounts as well: 1. When you convert 100% of a TIRA to Roth what happens to the TIRA? Does it stick around with a zero balance such that you can easily add more to it next year without going through all the ac...
by bslice
Thu Dec 11, 2014 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - timing and other questions
Replies: 5
Views: 814

Re: Backdoor Roth - timing and other questions

I think I know the answer to the last question! You need to file an 8606 to let the IRS know your contribution to your traditional IRA was non-deductible each year you make one, and what the basis was, so they tax you accordingly down the line when you take a distribution. But you do not need to sp...
by bslice
Thu Dec 11, 2014 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: VTI Fee Savings Until Admiral-Ready (VTSAX)?
Replies: 15
Views: 1407

Re: VTI Fee Savings Until Admiral-Ready (VTSAX)?

Can someone explain why ETF's in a Roth are important vs keeping the funds in an Admiral account (assuming the costs are the same)? I don't really understand other than the fact that you able to get in at a lower price at Vanguard....is that the only benefit?
by bslice
Thu Dec 11, 2014 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth process at Vanguard
Replies: 36
Views: 3123

Re: Backdoor Roth process at Vanguard

That's correct as I understand it as well...year does not necessarily matter. However, I hears its easier to file your taxes if you complete the conversion by year end...not sure why, but I bet someone here does. :confused
by bslice
Thu Dec 11, 2014 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth process at Vanguard
Replies: 36
Views: 3123

Re: Backdoor Roth process at Vanguard

Just got off the phone w the Vanguard folks again. They confirmed that the link above has bad information and is outdated. I do think that you should have both Traditional IRA and Roth IRA in a Brokerage account though. So if you have not "upgraded" yet, there is a link when you log into y...
by bslice
Thu Dec 11, 2014 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth process at Vanguard
Replies: 36
Views: 3123

Re: Backdoor Roth process at Vanguard

I have a process question about this at Vangaurd.... 1) I know im doing a Backdoor Roth 2) I want to do it in this by year end to make taxes easier 3) I have an existing Roth IRA at Vanguard and have not contributed to it so far this year 4) I do not have a Traditional IRA at all.....I created one j...

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