Search found 3 matches

by diyernh
Fri Apr 12, 2013 9:00 pm
Forum: Personal Investments
Topic: Smart to contribute to Roth and Traditional IRA??
Replies: 6
Views: 2455

Re: Smart to contribute to Roth and Traditional IRA??

It sounds like you are looking to convert a before tax 401k to either an IRA or Roth IRA. If you do convert it to a Roth, you will need to pay the full taxes on it now.

If you have the cash handy to pay for the taxes, it could be a good move. Look on the web for the historical tax rates. You will probably pay less in taxes now than in the future. It depends on your income now or later, tax rate now or later...
by diyernh
Fri Feb 22, 2013 11:17 pm
Forum: Personal Consumer Issues
Topic: What if the Bill Pay check gets lost in the mail?
Replies: 34
Views: 39273

Re: What if the Bill Pay check gets lost in the mail?

Yes, my issue was with a credit union. I have been a member for over 32 years. I have my mortgages, investments, 401K, everythig there. I called my local CU branch about this. They said it was a third party vendor that does the web bill payment. They offered the 1800 number that I called. This service pulls the money from my account and floats it until the check clears. Reading through the internet, and my towns experience, it seems like somehow many large checks get lost in the mail for months or forever. I realize that any service that is free is probably not looking out for my best interests. I feel like a facebook user that just realized that facebook was not for me, but for advertizing word of mouth. My credit union knows that I'm tick...
by diyernh
Thu Feb 21, 2013 8:41 pm
Forum: Personal Consumer Issues
Topic: What if the Bill Pay check gets lost in the mail?
Replies: 34
Views: 39273

Re: What if the Bill Pay check gets lost in the mail?

Has anyone looked into the number of Web Bill Payment Services that "lost" the mailed checks? I just found out that my tax bill (thousands of $) was "lost in the mail" from the bill payment service. They took the money out of my account months ago. I paid the penalties and requested the funds to be redeposited. It is strange that the 10 people in line in front of me at the tax office also had the web pay checks lost. None of the manual,personal checks were lost. There are several banks involved. If they are a Free service for me, they must get paid by someone. Possibly they use check float and never mail the checks? Or just scuff them up and mail them late like they were stuck somewhere? It seems like large mailed checks...