vkg’s Activity

Yesterday

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Boards Post

vkg replied to the Credit Cards and Consumer Debt board. 8:31 PM

Re: FICO Question

It seems strange that having successfully paid off an installment loan eventually hurts your credit score, because then you don't have the loan for them to see your progress or payment history on.

New credit is considered a [more]

NL

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vkg replied to the Credit Cards and Consumer Debt board. 12:10 PM

Re: FICO Question

FICO estimates your ability to repay debt. It doesn't reflect what is best for your finances.

The report must include items that decreased your score. The higher your score the more illogical the statements.

My FICO is slightly [more]

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Boards Post

vkg replied to the Tax Strategies board. 10:10 AM

Re: Draw from IRA or Investment Acct?

As you said:"Of course, that all assumes that you trust Congress ....."

An advantage of a ROTH is that if tax law changes do appear to be imminent, contributions can always be withdrawn without taxes or penalties and once [more]

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vkg replied to the Best Travel Spots/Tips board. 10:08 AM

Re: Chernobyl

It is also possible to visit Trinity, the first atomic bomb site, in New Mexico.

http://www.alamogordo.com/trinity-site/

NL

Boards Post

vkg replied to the Best Travel Spots/Tips board. 10:01 AM

Re: Chernobyl

There's also stuff about health problems of survivors and their children, but apparently as a tourist today if you follow the rules you'll be fine.

Many of the health issues are from contaminated food. The risk of a short trip into [more]

Thu Apr 28

NL

Boards Post

vkg replied to the Tax Strategies board. 8:58 PM

Re: Draw from IRA or Investment Acct?

As already pointed out, you could either use it for your living expenses, or do conversions to a Roth IRA, keeping out enough to pay the additional taxes.

Taxes can be paid from other sources.

NL

Boards Post

vkg replied to the Tax Strategies board. 5:19 PM

Re: Draw from IRA or Investment Acct?

Another option is spend from your taxable account and do partial annual conversions from TIRA to ROTH IRAs. ROTH (at least currently) doesn't have an RMD requirement.

Wed Apr 27

NL

Boards Post

vkg replied to the Living Below Your Means board. 12:36 PM

Re: Pay off my home early

I don't know if it is still true, but at one time credit card issues were watching for changes from higher status retailers to discount retailers such as WalMart.

Not sure I follow. But i presuppose that anyone significant savings in
[more]

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vkg replied to the Living Below Your Means board. 11:27 AM

Re: Pay off my home early

If you have meaningful equity in your home, it is a good idea to have a standby (untapped) HELOC. Usually you can get them for free, and tap them by writing a check. It can be a part of your emergency (last resort) cash/liquidity [more]

Mon Apr 25

NL

Boards Post

vkg replied to the Living Below Your Means board. 3:15 PM

Re: Pay off my home early

Your home is not a liquid investment. Paying a little additional each month could be reasonable, but not in lieu of other investments. 20 years is a long time. If anything major happens, cash is a better than equity.

2.5% is a low interest [more]

Mon Apr 18

NL

Boards Post

vkg replied to the Tax Strategies board. 8:41 PM

Re: CC payment to IRS - purchase or cash advance?

https://www.payusatax.com/faq.aspx#11

11.Will I be charged a cash advance fee?
No, your tax payment will be treated like a retail purchase and not a cash advance purchase.
[more]

Sun Apr 17

NL

Boards Post

vkg replied to the Tax Strategies board. 7:22 PM

Re: Whoops. 401(k) screw up

My 2¢, do NOT deposit this check into an existing IRA. Set up a separate IRA rollover account to handle the 401k check.

Why?

Limitations of rollovers between 401Ks and IRAs has been eliminated. She is retiring so this [more]

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Boards Post

vkg replied to the Credit Cards and Consumer Debt board. 7:07 PM

Re: Too many credit cards

Google IS EVIL. They mostly sell Ads which makes their search results nearly useless.

I continue to be amazed at what I can find with Google searches. Either I think like Google search or Google search thinks like I do.

Thu Apr 14

NL

Boards Post

vkg replied to the Tax Strategies board. 11:08 PM

Re: Any EFT requirement for federal income taxes

Ira,

Thank you,

Debra

NL

Boards Post

vkg posted to the Tax Strategies board. 6:46 PM

When withholding safe harbor isn't met

H&R block software wants the tax liability for 2014 to calculate the underwithholding. The 2014 numbers aren't available because they haven't filed since 2011, and they can't find their tax information for 2012 through 2014. Does the 2014 tax [more]

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Boards Post

vkg posted to the Tax Strategies board. 6:38 PM

Any EFT requirement for federal income taxes?

When an individual exceeds a specified amount, California requires income taxes be paid by EFT. Is there a similar requirement for federal taxes? The amount due is to the IRS is over $100K.

(It isn't my tax bill. Our taxes are filed and a [more]

NL

Boards Post

vkg replied to the Living Below Your Means board. 1:24 PM

Re: Poll: Choose my next car

then mass helps so you should try buying an M-1 tank.

PSU


There have been times when I wished a tank was an option for a commute vehicle.

Tue Apr 12

NL

Boards Post

vkg replied to the Tax Strategies board. 11:29 PM

Re: 1099 Revisions - Wait or Not

Does your response depend on whether I have a tax refund or tax payment? These years, I have a refund.

Thank you, Ken.


Given the amount of tax identity theft, it is best not to plan on a large refund.

NL

Boards Post

vkg replied to the Living Below Your Means board. 5:08 PM

Re: Poll: Choose my next car

I have a 2007 Prius. I was concerned about the amount of electronics but repairs have been minor: radio, door lock, water pumps (first was replaced under warranty and and then replaced again a few weeks later under a recall)and the 12V battery. My [more]

NL

Boards Post

vkg replied to the Tax Strategies board. 9:18 AM

Re: Question Regarding Tax Year 2012

Ira,

Thank you

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