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Re: PPO vs HSA (hsa seems too good to be true)

Yuik wrote:thanks everyone for your super helpful responses ! i went with the HSA .

You do realize that an HSA is not health insurance. And you can't just get an HSA by itself.
by 555
Thu Oct 30, 2014 9:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: PPO vs HSA (hsa seems too good to be true)
Replies: 20
Views: 1761

Getting more $ from employer by taking $$ive insurance

I was discussing health insurance options with my wife and she made the interesting point that if you take the more expensive health insurance, to which the employer contributes more dollars, you are effectively getting paid more by your employer. For example we have the following options. Regular h...
by 555
Thu Oct 30, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting more $ from employer by taking $$ive insurance
Replies: 5
Views: 369

Re: HSA contribution limited by insurance company

It sounds like they don't want the employer to fund more than half the deductible (meaning that the employee should have 'skin in the game' to help control costs). That doesn't make any sense at all. If my employer gives me $6650 in my HSA then it becomes my money, and I'm going to be just as fruga...
by 555
Wed Oct 29, 2014 10:41 pm
 
Forum: Investing - Theory, News & General
Topic: HSA contribution limited by insurance company
Replies: 13
Views: 879

Re: HSA contribution limited by insurance company

It sounds like they don't want the employer to fund more than half the deductible (meaning that the employee should have 'skin in the game' to help control costs). That doesn't make any sense at all. If my employer gives me $6650 in my HSA then it becomes my money, and I'm going to be just as fruga...
by 555
Wed Oct 29, 2014 7:50 pm
 
Forum: Investing - Theory, News & General
Topic: HSA contribution limited by insurance company
Replies: 13
Views: 879

Re: Annually Recalculated Virtual Annuity

Nisi, it's generally not like you to comment on something you haven't read, although I do admit the mortality credit issue crossed my mind as well. Why on earth should he bother to read it? The mortality credit question is obvious. The OP should have explicitly addressed it in his post. Without suc...
by 555
Tue Oct 28, 2014 11:47 pm
 
Forum: Investing - Theory, News & General
Topic: Annually Recalculated Virtual Annuity
Replies: 9
Views: 802

Re: PPO vs HSA (hsa seems too good to be true)

Didn't read the post, but I can say that "PPO vs HSA" is obviously an apples to oranges comparison.

"PPO vs HSA" doesn't really make sense.
by 555
Tue Oct 28, 2014 11:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: PPO vs HSA (hsa seems too good to be true)
Replies: 20
Views: 1761

Re: HSA account with the lowest cost: HSA bank or Vanguard?

General question: what kinds of transaction are people able to make in their HSAs. Can you only buy and sell mutual funds, i.e. exchange mutual funds for cash, or are you also able to dirctly exchange one mutual fund for another mutual fund? What about something more complicated like exchanging one ...
by 555
Sun Oct 26, 2014 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA account with the lowest cost: HSA bank or Vanguard?
Replies: 16
Views: 1792

Re: HSA account with the lowest cost: HSA bank or Vanguard?

MossySF wrote:There is a 0.32% annual fee per mutual fund capped at $20K.

Dealbreaker. Too expensive.
by 555
Sun Oct 26, 2014 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA account with the lowest cost: HSA bank or Vanguard?
Replies: 16
Views: 1792

Re: HSA account with the lowest cost: HSA bank or Vanguard?

My employer has an HDHP with HSA called Bancorp (mysmartsaver) HSA. I haven't used it yet, may start next year. I had a thread asking about it here. http://www.bogleheads.org/forum/viewtopic.php?f=2&t=147692 And I looked into fees here. http://www.bogleheads.org/forum/viewtopic.php?f=2&t=147...
by 555
Sat Oct 25, 2014 11:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA account with the lowest cost: HSA bank or Vanguard?
Replies: 16
Views: 1792

Re: Missing Dividend Payment Information

Hmm the most recent price of VIIIX itself is $173.11 so you don't literally have VIIIX. But I found this fact sheet https://www.retirement.prudential.com/RSO/web/fundsheets/MTALCC.pdf which may be what you have. They say "The Fund invests wholly in the Vanguard Institutional Index Fund Institut...
by 555
Mon Oct 20, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing Dividend Payment Information
Replies: 27
Views: 1809

Re: Missing Dividend Payment Information

do you think they could treat VIIIX the same way they treat the other funds, and simply fold the dividend back into the share price somehow without listing it? I just find it hard to believe that such large companies involved in my retirement plans would be ripping me off. No, absolutely no way. Go...
by 555
Sun Oct 19, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing Dividend Payment Information
Replies: 27
Views: 1809

Re: Missing Dividend Payment Information

Shouldn't I at least receive dividends for the VIIIX fund, since it has a ticker symbol? Yes, definitely. BTW ER=0. 0 2%, extremely cheap. https://personal.vanguard.com/us/funds/snapshot?FundId=0854&FundIntExt=INT http://quotes.morningstar.com/fund/VIIIX/f?t=VIIIX Perhaps look at the reported r...
by 555
Sun Oct 19, 2014 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Missing Dividend Payment Information
Replies: 27
Views: 1809

Re: "I've had it" at work - how often

I'm in engineering and construction and I can say my work today is as exciting and satisfying as it was when I began my career 38 years ago. I've had four employers. I stayed with the first three ten plus years each and am in my third year with the current employer. I think if you choose a field th...
by 555
Sat Oct 18, 2014 11:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12469

Re: "I've had it" at work - how often

My work itself is okay. But the workplace is absolutely toxic. I'm desperate to get away. I should be financially independent in less than ten years. Until then I just have to survive.
by 555
Sat Oct 18, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12469

Re: Missing Dividend Payment Information

You should be able to tell us the expense ratio. If not, then there's definitely a problem.
by 555
Sat Oct 18, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing Dividend Payment Information
Replies: 27
Views: 1809

Re: Missing Dividend Payment Information

Here's a link.
http://www.bogleheads.org/wiki/Collecti ... ent_Trusts
It's just a guess as to what's going on. They should tell you what it is, and they should tell you the expense ratio.
by 555
Sat Oct 18, 2014 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Missing Dividend Payment Information
Replies: 27
Views: 1809

Re: Harebrained idea: FSA reimbursement to IRA contribution

OP, I have absolutely no idea what you are talking about. You need to think clearly enough about what you are proposing to be able to communicate it to others.
by 555
Fri Oct 17, 2014 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Harebrained idea: FSA reimbursement to IRA contribution
Replies: 8
Views: 428

Re: Missing Dividend Payment Information

Are they "Collective Trust Funds"?
by 555
Fri Oct 17, 2014 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing Dividend Payment Information
Replies: 27
Views: 1809

Re: Time Out of Market During Rollover

The trick is to make sure that what you liquidate is "bonds"(=any low volatility assets), and otherwise make trades that keep your "stocks"(=any high volatility assets) holdings constant. Firsly do moves like: sell $X "stocks" and buy $X "bonds" in account A, ...
by 555
Thu Oct 16, 2014 10:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Time Out of Market During Rollover
Replies: 16
Views: 971

Re: Re:

I can't see what a 529 offers that a Roth doesn't. And I see that a Roth offers flexibility that a 529 doesn't. yes, I don't see this discussed enough on here. This is an old thread, but people need to understand the effect of Roth withdrawals on FAFSA. Saving for college in a Roth can be a giganti...
by 555
Mon Oct 13, 2014 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 vs IRA
Replies: 16
Views: 2349

Re: Non performance by executrix

Bsteiner thank you. The executrix is pro se. Since she handled the first estate with a lawyer, she claimed to know enough not to need one on the second estate. She is/was working with an accountant on this estate. He initially provided some info to us, but is no longer doing that. At one pointe he ...
by 555
Sun Oct 12, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non performance by executrix
Replies: 38
Views: 2943

Re: Support that HSAs might not be the best option for you

I'll confirm the OP's experience. At our workplace (though rates are to change soon), the HDHP has had absurdly high premiums, basically the same as the other plans but with much less coverage, much higher deductibles, much higher out of pocket maximums, and so on. There was virtually no way the HDH...
by 555
Sun Oct 12, 2014 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Support that HSAs might not be the best option for you
Replies: 38
Views: 3487

Re: Bancorp (mysmartsaver) HSA

You don't get paid at least monthly by direct deposit? I have my deduction setup to go out twice a month (paid every 2 weeks, on a 3 paycheck month it skips the 3rd check). No, I don't. In any case, it looks like the optimal strategy is to get the annual contribution in as quickly as possible, and ...
by 555
Tue Oct 07, 2014 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bancorp (mysmartsaver) HSA
Replies: 10
Views: 824

Re: Taxes on Over Priced Prize?

It sounds like the "charity" is engaged in tax fraud.
by 555
Tue Oct 07, 2014 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes on Over Priced Prize?
Replies: 10
Views: 1742

Re: Bancorp (mysmartsaver) HSA

The above statement about the $2,500 minimum to avoid fees is incorrect. Your employer will be making direct deposits which qualify as an "electronic credit" which means you only have to maintain $1,500 minimum to avoid fees. Hmmm, it says "over $1,500, if an electronic deposit is cr...
by 555
Tue Oct 07, 2014 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bancorp (mysmartsaver) HSA
Replies: 10
Views: 824

Re: Annual savings to taxes ratio?

I voted "under 50% ( taxes paid were more than twice as much as savings )" My savings are about -1000% of taxes, and -1000%<50%. I pay about -7% in taxes and save about 70%. OP needs to be careful about math conclusions based on inequalities. savings/taxes<50% need NOT imply taxes>2*savings
by 555
Tue Oct 07, 2014 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Annual savings to taxes ratio?
Replies: 25
Views: 2318

Re: Bancorp (mysmartsaver) HSA

Here's a link to Bancorp (mysmartsaver) HSA. https://thebancorphsa.mybankingservices.com/ Fees. It looks like you have to leave $2500 sitting in cash to avoid a $2.50/mo maintenance fee. https://thebancorphsa.mybankingservices.com/account-features/schedule-of-fees/ Investment Account Information htt...
by 555
Tue Oct 07, 2014 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bancorp (mysmartsaver) HSA
Replies: 10
Views: 824

Re: Bancorp (mysmartsaver) HSA

What are the HSAs with good options: low cost funds, low/no fees, low/no transaction costs. (The logistics of using the HSA to pay medical costs is a non-issue since I wouldn't use it for that, except in the long term.) I would have thought fees to transfer between HSAs, and having fees for 2 or mor...
by 555
Mon Oct 06, 2014 9:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bancorp (mysmartsaver) HSA
Replies: 10
Views: 824

Re: Bancorp (mysmartsaver) HSA

(bump)
by 555
Mon Oct 06, 2014 2:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bancorp (mysmartsaver) HSA
Replies: 10
Views: 824

Re: Being older/younger in class -- benefits, issues?

I would suggest to the OP, or anyone who's interested to read Malcolm Gladwells "The Outliers". Has some really interesting points. I don't recall Malcolm Gladwell ever having anything worthwhile to say. He does say what some people want to hear though. I recommend these. http://www.nytim...
by 555
Mon Oct 06, 2014 12:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Being older/younger in class -- benefits, issues?
Replies: 113
Views: 9007

Re: what is risk?

LadyGeek wrote:Missing member check: The OP (skeptic88) hasn't replied in the thread. Did we answer your questions, or did we deep-dive off on a tangent and seem to have forgotten about you? Let us know.
Maybe he did some zero-risk activity like jump out of a plane without a parachute.
by 555
Mon Sep 29, 2014 10:03 pm
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 116
Views: 4405

Re: Those under 35 with a child 5 or under: Costs of child?

For health insurance, our experience is probably typical of employer plans.
Adding kids (regardless of number) is about an extra $100/month (total, not per kid),
but adding spouse is about an extra $300/month (i.e. no employer contribution for spouse).
by 555
Mon Sep 29, 2014 8:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 58
Views: 4440

Re: Those under 35 with a child 5 or under: Costs of child?

Several people have said that having a stay at home mom is the most expensive choice. However, people should keep in mind the quality of care your child will get with mom versus day care. A child with a thriving spirit from being raised at home is hard to put a price tag on, not to mention the mom ...
by 555
Sun Sep 28, 2014 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 58
Views: 4440

Re: Those under 35 with a child 5 or under: Costs of child?

countofmc wrote:
livesoft wrote:Many daycares will give higher quality and more enriching care than a stay at home parent would.

I am afraid this is going to touch off a storm so I am going to exit my own thread, but thanks to all who shared their experiences, it was very helpful!

Bye-bye. We'll keep it warm for you.
by 555
Sun Sep 28, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 58
Views: 4440

Re: Those under 35 with a child 5 or under: Costs of child?

Extra housing $0
Extra vehicle $0
Child care $0
Tuition $0
Other costs: not much.
Other costs after tax benefits: about $0
by 555
Sun Sep 28, 2014 11:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 58
Views: 4440

Re: Those under 35 with a child 5 or under: Costs of child?

Anyway, in our situation ... oh wait! Nevermind. :oops:
by 555
Sun Sep 28, 2014 11:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 58
Views: 4440

Re: Those under 35 with a child 5 or under: Costs of child?

I'm 32. I wanted to hear the experiences of those around my age who have had children fairly recently. I wanted to narrow the responses because for general childcare cost info, there's plenty of threads. I also frankly was not interested in hearing about how much it cost 10-15 years ago to raise a ...
by 555
Sun Sep 28, 2014 11:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 58
Views: 4440

Re: Those under 35 with a child 5 or under: Costs of child?

Grt2bOutdoors wrote:What does one's age have to do with the costs of a child 5 and under? Do you really believe costs go up or down as an adult ages? :oops: No one gets a break on costs regardless of their age.

Yes, OP. Please explain this.
by 555
Sun Sep 28, 2014 10:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 58
Views: 4440

Re: what is risk?

backpacker wrote:Von Neumann and Morganstern gave us modern expected utility theory. But we shouldn't use their "authority" to batter posters who have different views about risk. This is because their treatment of risk is insane. I value $1000 ten times as much as $100. So Von Neumann and Morganstern tell me that I'm irrational unless I am indifferent between a 10% chance at a $1000 and having $100 for sure. But that's nuts. So expected utility theory doesn't tell us how investors should think about risk.
555 wrote:Ridiculous! It's completely obvious that you totally made that up.
backpacker wrote:^ I know! It's nuts. My example is just the Allais paradox. For the truth, see this paper. :beer

Okay, that's interesting, but your example is not an instance of Allais paradox.
by 555
Sun Sep 28, 2014 8:57 pm
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 116
Views: 4405

Re: what is risk?

Von Neumann and Morganstern gave us modern expected utility theory. But we shouldn't use their "authority" to batter posters who have different views about risk. This is because their treatment of risk is insane . I value $1000 ten times as much as $100. So Von Neumann and Morganstern tel...
by 555
Sun Sep 28, 2014 7:13 pm
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 116
Views: 4405

Re: what is risk?

But if a stock in ones portfolio goes bankrupt, then you have permanently lost money and its safe to say that the stock will not be volatile anymore. Can someone help me understand this? Before it happens, it is not certain, and even after it happens, it's not the only thing in your portfolio, so e...
by 555
Sun Sep 28, 2014 2:14 pm
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 116
Views: 4405

Re: what is risk?

But if a stock in ones portfolio goes bankrupt, then you have permanently lost money and its safe to say that the stock will not be volatile anymore. Can someone help me understand this? Before it happens, it is not certain, and even after it happens, it's not the only thing in your portfolio, so e...
by 555
Sun Sep 28, 2014 11:03 am
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 116
Views: 4405

Re: Bill Gross moving from PIMCO to Janus, Monday

garlandwhizzer wrote:I do know that Pimco's stock went way down on the news and Janus's went way up which says that the professional investing community believes that he still has the magic touch.
Not necessarily. It would mainly be a reflection of the expectation that Pimco will lose AUM and Janus will gain AUM.
by 555
Sat Sep 27, 2014 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Gross moving from PIMCO to Janus, Monday
Replies: 113
Views: 10086

Re: Notice From Vanguard About Impending Transfer

One question. If this change forces you to have a sweep account, will they require you to keep it at $3k since it's a money market mutual fund?
by 555
Sat Sep 27, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Notice From Vanguard About Impending Transfer
Replies: 17
Views: 2109

Re: My 30-day trial experience with Betterment

When you are in the 15% tax bracket you want to tax gain harvest, at the 0% cap gains rate. If you tax loss harvest, t hen your carryover cap losses will effectively turn later cap gains into ordinary income , in terms of their marginal effect. Harvesting cap losses is just foolish in this case. Th...
by 555
Sat Sep 27, 2014 1:12 pm
 
Forum: Investing - Theory, News & General
Topic: My 30-day trial experience with Betterment
Replies: 73
Views: 8718

Re: Unexpected Emergency

Why didn't you have medical insurance with a reasonable maximum out of pocket expense?
by 555
Sat Sep 27, 2014 6:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Unexpected Emergency
Replies: 33
Views: 3306

Re: The Villages Retirement Community Near Orlando

The idea of a place that doesn't welcome children is just horrible.
by 555
Sat Sep 27, 2014 6:31 am
 
Forum: Personal Consumer Issues
Topic: The Villages Retirement Community Near Orlando
Replies: 72
Views: 7803

Re: What's wrong with leverage?

If you understand the difference between arithmetic mean and geometric mean then you have your answer.
http://en.wikipedia.org/wiki/Kelly_criterion
by 555
Sat Sep 27, 2014 6:24 am
 
Forum: Investing - Theory, News & General
Topic: What's wrong with leverage?
Replies: 15
Views: 1127

Re: My 30-day trial experience with Betterment

When you are in the 15% tax bracket you want to tax gain harvest, at the 0% cap gains rate. If you tax loss harvest, then your carryover cap losses will effectively turn later cap gains into ordinary income, in terms of their marginal effect. Harvesting cap losses is just foolish in this case. The i...
by 555
Sat Sep 27, 2014 6:13 am
 
Forum: Investing - Theory, News & General
Topic: My 30-day trial experience with Betterment
Replies: 73
Views: 8718

Re: In a Serious Situation Need Financial Advice

[OT comment removed by admin LadyGeek]
by 555
Sat Sep 27, 2014 4:21 am
 
Forum: Personal Finance (Not Investing)
Topic: In a Serious Situation Need Financial Advice
Replies: 45
Views: 7475
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