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For questions that relate to the laws, practices, and products of the United States.

7 votes

What would I miss out on by self insuring my car?

As you suspected, there is more than just car replacement taken care of by insurance (some of them are pointed out in Chad's story: Rental car — usually an insurance claim will be accompanied with a …
Nicole's user avatar
  • 1,999
0 votes

Pay down on second mortage when underwater?

Well, I suppose it depends on your idea of a "lost cause". Are you planning to lose the house to foreclosure? If so, then yes, it's a lost cause. Don't waste your money paying down the principal. …
Nicole's user avatar
  • 1,999
9 votes

Using a Health Savings Account (HSA) as an investment vehicle: What are the drawbacks?

First of all, one thing that is very important: Match is always better than no match. So, you should definitely use that match on your HSA if you've already maxed out the company match on your 401(k …
Nicole's user avatar
  • 1,999
24 votes
Accepted

How does retroactive COBRA coverage work?

First, you are correct about having the 60 days to enroll. Specifically, 60 days from the later of the date you are notified or the date you are to lose coverage: If you become entitled to elect …
Nicole's user avatar
  • 1,999
5 votes
3 answers
929 views

What is the best way to get a "rough" home appraisal prior to starting the refinance process?

Given the tightening of regulations on appraisals in the home financing process, I would like to get an idea of the "rough" value of my home before initiating the refinance process. Since our mortgag …
Nicole's user avatar
  • 1,999
4 votes
3 answers
2k views

Cash flow implications of converting primary mortgaged residence to rental

I'm considering the net monthly cost of moving from a mortgaged home to a rental, and converting my current primary residence to a rental property. (Note: the reason for renting instead of selling is …
Nicole's user avatar
  • 1,999
4 votes

Can I convert my traditional IRA to a Roth IRA in 2011?

The 2010 opportunity was a chance to defer the taxable income amount reported, which happens when you do a conversion, to half in 2011 and half in 2012, instead of reporting it all in the year the co …
Nicole's user avatar
  • 1,999
4 votes

What factors are to be considered when deciding to go with a 15 year fixed vs a 30 years fixed?

The best way to look at it is this: If you owned the house outright, would you borrow against it to invest? (Do you want to leverage your assets?) I would suspect most people would say no. Most p …
Nicole's user avatar
  • 1,999
2 votes
3 answers
240 views

Invest in new mutual funds before the end of the year, or after, in a retirement account?

I changed jobs this year and as a consequence, rolled over my employee 401(k) to a personal rollover IRA. I just completed the rollover earlier this month, and right now the money is just sitting in …
Nicole's user avatar
  • 1,999