NerdWallet: Roth IRA Contribution

I made a non-deductible "Backdoor" Roth IRA Contribution (to get around income limits), and my taxes went up in TaxAct when filing taxes.

I am using a 1099-R that I received with a Gross distribution (box 1) and Taxable amount (box 2) in agreement, plus 2b checked (taxable amount not determined). Distribution code is showing "02 - "Early distribution, exception applies (under age 59.5)". Is the key here that this distribution code was messed up by the provider of the 1099-R (Vanguard), in which case it should be a "G - Direct rollover of a distribution ... to a qualified plan" ?

NerdWallet: Life Insurance Policy

I'm 40 years old, in good health, and considering a life insurance policy for the benefit of my wife and one-year old. Would you rather get a whole life insurance policy, or a term life insurance policy and "invest the difference" in the market?

I'm also contributing to a 401K, a 529 account, and have about $1M in loan liabilities.

NerdWallet: Spending Habits

I am 26 years old and have had some bad spending habits and am currently in debt. What is the best way to pay it down?

I have been making $100,000 per year for the past couple of years. I have $30,000 in credit card debt. What is the best way of paying this down? What is a realistic goal for the amount of time it would take to pay this down?

NerdWallet: 401(k)

What happens to your 401k if you quit your job/move to another company?

NerdWallet: Traditional IRA

If I'm around the limit for a Roth IRA (110k single I believe), should I open a traditional IRA as well? I'm starting to max my 401k and want to open an IRA as well and start maxing it.

NerdWallet: Credit Report Delinquency

What can I do if I have an erroneous delinquency on my Credit Report?

I am using Credit Karma to monitor my credit. Today I received an update that a new account (under a financial institution I've never heard of; AMCA) has been placed in collections. The amount is nominal at $50. I don't know who to call to investigate, or where to call just to pay it off so I don't have this further impact my credit. Thanks in advance.

Single Point of View | Social Security Planning

From a planning perspective, we have found that one of the areas that tends to cause the most amount of confusion, and misinformation, is Social Security claiming strategies.  Unfortunately, many of the resources available to those approaching social security age seem to only compound the problem.  Employees at your local Social Security Office can be a good resource, however, it is important to keep in mind that their job is to provide you with information:  They are not advisors and will not tell you what to do.