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Re: How do you document your HSA "stuff?"

Hi, I keep a track of all the medical expenses by year in Google docs and in G drive i have create folders for each year. I put a scanned copy of the bill and scanned copy of the credit card statement which shows the amount I paid for the bill. At any point of time, I can know how much money I incur...
by FB01
Mon Aug 04, 2014 7:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you document your HSA "stuff?"
Replies: 38
Views: 2232

Re: Investing in an HSA

BadgerBrewer wrote:Wells Fargo also has an HSA. $2000 minimum in cash, $5000 total account level waives any fees, and they have WFIOX which tracks the S&P 500 and has a 0.25 expense ratio.


Exactly. I have put my HSA in WF in the same fund WFIOX
by FB01
Fri Jul 04, 2014 6:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in an HSA
Replies: 10
Views: 1007

Re: Dilemma for 401K Rollover

livesoft wrote:I don't think he should do any of the things you mentioned.


Hi Livesoft,

Can you please explain?

Thanks
by FB01
Fri Jun 27, 2014 10:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Dilemma for 401K Rollover
Replies: 5
Views: 221

Dilemma for 401K Rollover

Hi,

One of my friend just rolled over 100K to Vanguard from his previous employer. His dilemma:

Should he invest all at once in 50% VFIAX (Vanguard 500 Index Admiral shares) and other 50% in VTIVX (Target Retirment 2045) so should invest 20K now in each and wait for sometime.

Thanks,
by FB01
Fri Jun 27, 2014 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Dilemma for 401K Rollover
Replies: 5
Views: 221

Re: Help with my 401K choice - Want aggressive growth

Since you want 90:10 which is certainly in the aggressive growth category, you should use only LifePath and/or Target Retirement funds with that asset allocation. Each of your accounts should only have a single fund in them. That goes for both Roths, the 401(k), and any other accounts you might not...
by FB01
Mon Jun 23, 2014 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with my 401K choice - Want aggressive growth
Replies: 8
Views: 801

Re: Help with my 401K choice - Want aggressive growth

You need to answer the question "what asset allocation will allow me to sleep well at night" Asset allocation is the combination of equities and bonds. For example, 80% stocks and 20% bonds, or 60% stocks and 40% bonds. All you said is that you want to be agessive. Well, you need to trans...
by FB01
Mon Jun 23, 2014 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with my 401K choice - Want aggressive growth
Replies: 8
Views: 801

Help with my 401K choice - Want aggressive growth

Porfolio : Want to be Aggressive Age : Mid 30's Tax Filing Status: Married filing jointly Tax Rate: 25% Federal. CA Wife does not work. Employer contributes 3% Please suggest should I modify my current contribution or keep the same? Current Contribution to my 401K : 100% : Vanguard Employee Benefit ...
by FB01
Mon Jun 23, 2014 9:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with my 401K choice - Want aggressive growth
Replies: 8
Views: 801

Regarding excess Social Security Tax from 2 employers

Hi, I changed my job in April and they had my social security tax deducted. I read that SST is deducted till your salary reaches 117K http://www.ssa.gov/policy/docs/quickfacts/prog_highlights/RatesLimits2014.html I mentioned to my new employer that my previous employer has ran X amount of salary so ...
by FB01
Mon Jun 16, 2014 8:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Regarding excess Social Security Tax from 2 employers
Replies: 4
Views: 303

Rolling over 401K to Vanguard Traditional IRA

Hi,

I have left my previous job and have some money in my 401K accout. Is rolling over 401K amount to Vanguard Traditional IRA a good options?

Any suggestions?

Thanks
FB
by FB01
Fri Jun 13, 2014 6:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rolling over 401K to Vanguard Traditional IRA
Replies: 3
Views: 316

Planning to Redeem Saving Bonds - Which one to redeem first

Hello,

I bought I Saving Bonds in 2011, 2012 and 2013 for 10K in each year. I need to redeem some of them. How to know which one of the I Saving Bond is giving lowest return from all the I Saving bond.

Is there any way to determine?

Thanks,
JR
by FB01
Tue Feb 25, 2014 11:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Planning to Redeem Saving Bonds - Which one to redeem first
Replies: 1
Views: 228

Breaking Treasury direct Certificates before 5 years

Hello, I have the TD certificates since 3 years and I think I need money so need to break that off. Can anyone tell me the process of breaking the TD and after how many days I get the money back in my bank account? Also any special thing which I need to make sure while breaking this Certificates? An...
by FB01
Tue Feb 18, 2014 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking Treasury direct Certificates before 5 years
Replies: 3
Views: 288

Did excess Roth IRA cont..does not show on form 5498

Hello, In 2011, I transfered my 401K amount from different brokerage firm to Vanguard. I paid taxes on my 401K amount to be transferred to Roth IRA. Amount was just 500 dollars Now when I go back and see my transaction. I see that 500 and separate entry of 5000 dollars. I check my 5498 form and it j...
by FB01
Mon Jan 27, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Did excess Roth IRA cont..does not show on form 5498
Replies: 1
Views: 126

Re: Breaking multiple Ally CD...how to check maximise intere

Thanks SteveKL You got my question correct. I have multiple CD with multiple interest rates (not only 2.40%) which has various starting and maturity date which I forgot to mention. However, after reading your post, thought of calling them and they gave me the formula which can give basic idea as to ...
by FB01
Tue Dec 31, 2013 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking multiple Ally CD...how to check maximise interest
Replies: 4
Views: 515

Breaking multiple Ally CD...how to check maximise interest

Hi I have multiple Ally 5 year CD which is giving 2.4% interest which I have been creating since couple of years. As i need money, I will need to break the CD's. Is there any way how to check which CD I should not break so that I do not lose more interest. Basically, I would like to make sure that I...
by FB01
Tue Dec 31, 2013 3:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking multiple Ally CD...how to check maximise interest
Replies: 4
Views: 515

Re: Views on Dividend Reinvestment strategy

I don't understand the statement "I receive the dividend in the same account and use it for buying the equities but this way I am not able to track how the dividend was used." Why can't you track it? Doesn't your broker track it as well? Doesn't your account statement show how the dividen...
by FB01
Tue Nov 05, 2013 11:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Views on Dividend Reinvestment strategy
Replies: 20
Views: 1483

Views on Dividend Reinvestment strategy

Hi, Would like to know experts views on what you guys do the with the dividend. I receive the dividend in the same account and use it for buying the equities but this way I am not able to track how the dividend was used. Can you guys know how you handle the divident which is received and how you tra...
by FB01
Tue Nov 05, 2013 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Views on Dividend Reinvestment strategy
Replies: 20
Views: 1483

Re: Ohio 529 (soon) partnered with Upromise Investments

Hi,

I also received this but did not understand. Does this affect the expense ratio for Ohio 529
by FB01
Wed Oct 09, 2013 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ohio 529 (soon) partnered with Upromise Investments
Replies: 4
Views: 728

Re: California 529 plan

I am also a CA resident and contribute to Ohio plan only. Nothing else
by FB01
Wed Oct 02, 2013 1:09 am
 
Forum: Investing - Help with Personal Investments
Topic: California 529 plan
Replies: 8
Views: 590

Child Tax Credit question

Hello, Have a quick question on child tax credit. I have one kid last year and for 2013, I will be filing for 2 kids. Please let me know if my understanding is correct For AGI greater than 110,000 for 2013, child tax credit deducts 50 dollars for every thousand E.g Last year my AGI for 118K so my ch...
by FB01
Fri Jul 26, 2013 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Child Tax Credit question
Replies: 4
Views: 318

Average College Tuition fees paid

Hi,

All the experienced people, can you please let me know what is the average college tuition fees you have paid for your kids. I know it will vary but would like to know the limit so that I can start saving accordingly.

JR
by FB01
Mon Jul 22, 2013 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Average College Tuition fees paid
Replies: 23
Views: 18714

Statement Printout for Ibonds

Hi,

Is there anyway I can get a printout of my Statement for Ibonds? I need to show the fund what I have in IBonds. How can I do that as I do not see "Print Statements" when I go to treasury Direct

Thanks,
FB
by FB01
Mon Jun 17, 2013 12:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Statement Printout for Ibonds
Replies: 1
Views: 259

Re: HSA question about taking out money

If I need money in 2014, can I take out 3000 dollars from my HSA even though I do not have HSA plan at that point of time. I hope I have not confused. Thanks, FB If I understand your question correctly, yes, you can take the money out in 2014 even if you don't have a HDHP at the time. The HSA money...
by FB01
Tue May 14, 2013 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA question about taking out money
Replies: 8
Views: 565

HSA question about taking out money

Hi, I opened HSA in 2012 and contributed 6250. In 2013, I contributed 6450. Now in 2012, I had medical expense of 1000 dollars which I did NOT pay from HSA account. Similarly in 2013, had expensed of 2000 dollars and did not take out money from HSA. Now, I know I can take money out from my HSA for 3...
by FB01
Tue May 14, 2013 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA question about taking out money
Replies: 8
Views: 565

Re: HSA money transfer question

You can reimburse yourself at a later date as long as the HSA was established prior to incurring the medical expenses for which you are being reimbursed. See IRS Notice 2004-50 (http://www.irs.gov/irb/2004-33_IRB/ar08.html) Q-39. When must a distribution from an HSA be taken to pay or reimburse, on...
by FB01
Fri May 03, 2013 5:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA money transfer question
Replies: 2
Views: 214

HSA money transfer question

Hi, I opened HSA account in 2012 and contribute 6250. I have made the contribution for 6450 for 2013. So now I have 12,700 in my HSA account. Now in 2012, I had around 3000 medical expenses but I did not take out from my HSA account. I have kept all the reciepts and bank statments. Similarly, in FY ...
by FB01
Fri May 03, 2013 4:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA money transfer question
Replies: 2
Views: 214

Re: Refund in Ibonds - How many days to get the Ibon

Hi all, Just an FYI.. I asked this question but now I have got the Paper Ibonds in hands so letting you guys know how much time it actually took I filled my taxes in last week of February via efile. I got the paper Ibonds on 3/16 so approximately, it took 3 weeks for the Papers Ibonds to be in my ha...
by FB01
Mon Mar 18, 2013 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refund in Ibonds - How many days to get the Ibon
Replies: 10
Views: 1250

Re: IBond question - Confusion

Ibonds have 2 components to the interest rate. iBond rate = Fixed rate + inflation rate The fixed rate is set when you buy the i Bond and does not change with time. The inflation rate adjusts every 6 months based on CPI. So, if you bought an iBond with 0% fixed and 1.8% CPI, the total is 1.8% (rate...
by FB01
Mon Mar 11, 2013 4:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: IBond question - Confusion
Replies: 13
Views: 1079

IBond question - Confusion

Hello all, I can't seem to get the link but I read somewhere over here that if the interest rate in IBonds increase, you can sell the old IBonds (which are over a year) and rebuy with the same money with new and better interest rates. I read something similar where the person was advising of selling...
by FB01
Mon Mar 11, 2013 4:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: IBond question - Confusion
Replies: 13
Views: 1079

Refund in Ibonds - How many days to get the Ibon

Hi,

I filed my tax this weekend and opted for I bonds. Does anyone know, what month my I Bond will be issued? I filed on 2/24 so any chances of getting Feb, 2013 date for Ibonds or will it March, 2013.

How many days does it take to have the Ibonds to your doorsteps?

Thanks,
FB
by FB01
Mon Feb 25, 2013 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refund in Ibonds - How many days to get the Ibon
Replies: 10
Views: 1250

Donated to Charity..does not reduce the income

Hi, I am in 25% tax bracket and I donated couples of dollars. For e.g 500. Now, if my income is 120K, if I have 500 in charity, it should decrease my income to 119500 but Turbo Tax is not taking into consideration the 500 dollars. I am not putting any institution as I donated randomly. Am I missing ...
by FB01
Thu Feb 21, 2013 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: Donated to Charity..does not reduce the income
Replies: 15
Views: 1419

Re: Question regarding 1099 MISC

livesoft wrote:So you don't get a tax deduction for a 1099-MISC. You get a tax increase. Did your taxes go up? Did you AGI go up?


Hi,

My extra income very less but my actual W2 is 25% tax bracket so my 1099 income was just added to the W2 income...which mean I am paying tax on my extra income...
by FB01
Wed Feb 20, 2013 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question regarding 1099 MISC
Replies: 9
Views: 297

Re: Question regarding 1099 MISC

Did your 1099 MISC income end up on Schedule C and SS tax on Schedule SE? Or did it end up on Form 1040 Line 21. Did you already reach the SS tax limit for 2012 by other means? Hi livesoft, I see that my extra 1000 dollars is seen in line 12 of 1040 (Business Income..attach Schdule C or C-EZ) _FB
by FB01
Wed Feb 20, 2013 6:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question regarding 1099 MISC
Replies: 9
Views: 297

Re: Question regarding 1099 MISC

Do you mean you are filling out a Federal Form 1040? You don't fill out a 1099 if you already have one. What is the "it" that is deducting the tax you already paid? That would mean crediting you with taxes withheld in the credits section of the 1040, right? What you might be missing is Sc...
by FB01
Wed Feb 20, 2013 6:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question regarding 1099 MISC
Replies: 9
Views: 297

Question regarding 1099 MISC

Hi, I am on W2 but I got a 1099 MISC for extra work I did. Now, I have filled the from 1099 MISC with all the details. For e.g my income is 1000. Now I see that 1000 is added to my income but I do not see any tax deduction for that 1000 anywhere. In the end, it is deducting the Tax which I already p...
by FB01
Wed Feb 20, 2013 5:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question regarding 1099 MISC
Replies: 9
Views: 297

Re: How to fill form 8888 (refund in I Saving) in Turbo Ta

Last year (I used TaxACT), I too kept looking for a way to enter my form 8888 information. Never found a way to do it directly. Turns out TaxACT waited until the last moment---after determining I had a refund coming and my return was checked and any errors corrected---to ask how I wanted my refund....
by FB01
Mon Feb 18, 2013 4:33 pm
 
Forum: Investing - Theory, News & General
Topic: How to fill form 8888 (refund in I Saving) in Turbo Ta
Replies: 3
Views: 309

How to fill form 8888 (refund in I Saving) in Turbo Ta

Hi,

I have got some refund and would like to get the refund via I Saving Bonds. I am doing my tax via Turbo Tax Premier but I am not able to find the form in Turbo Tax.

Does anyone know how do I fill the form?

Thanks,
FB
by FB01
Mon Feb 18, 2013 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: How to fill form 8888 (refund in I Saving) in Turbo Ta
Replies: 3
Views: 309

Best way to take out money from VWITX

HI, I put monthly some money in VWITX (Intermediate Term Tax Exempt Bonds) which is in my taxable account. I also reinvenst the dividend every month. Now my question is below -on 1/1/2013 I deposted 1000 -on 2/1/2013 I deposited 500 Now if I want to withdraw money from VWITX should I take out in bat...
by FB01
Mon Feb 11, 2013 5:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best way to take out money from VWITX
Replies: 5
Views: 553

Tax on 1099 Misc - Independent Contractor

Hi, I work on W2 but this year I did some extra work for another employer for which I will be getting 1099 Misc form. I read that tax on 1099 is more compared W2. Can anyone tell me what is the tax rate (Fed and State) if I have 1099 for 1,000 dollars? Out of 1000, how much will go in tax and how mu...
by FB01
Sat Jan 26, 2013 1:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax on 1099 Misc - Independent Contractor
Replies: 4
Views: 658

Question regarding 1099 Mutual Fund Tax emept

Hi, This year I put money in below Tax Exemp mutual fund in Taxable account and reinvest the divident VMLTX - Vanguard Limited Term Tax Exempt VWITX - Vanguard Intermediate Term Tax Exempt However, I have not sold any of them but I received 1099-DIV (dividend and distribution) for Mutual fund where ...
by FB01
Fri Jan 25, 2013 3:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question regarding 1099 Mutual Fund Tax emept
Replies: 8
Views: 671

Re: Too much in savings?

Hi,

I have kept the house money in Ally for 5 year cd. I would not risk that money anywhere else.

-Fb
by FB01
Mon Jan 21, 2013 9:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Too much in savings?
Replies: 7
Views: 1342

Re: How do I handle our HSA account?

Hi, I am in the same situation as your as I started HSA in 2012. I checked all option and went with Wells Fargo HSA. You have to maintain more than 5K to avoid monthly fees but good thing is you can invest all amount in their mutual fund. The expense ratio is a bit high but I guess WF is better if y...
by FB01
Mon Jan 21, 2013 9:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Re: How do I handle our HSA account?
Replies: 29
Views: 4341

Re: Emergency Savings in Bond Fund

Maybe statewide there is, but it doesn't mean each municipality that the bond was issued to got their act together. CA inter term tax-exempt has 1008 bonds, all concentrated in CA, 20% of the bonds can be AMT bonds. https://personal.vanguard.com/us/funds/snapshot?FundId=0100&FundIntExt=INT#tab=...
by FB01
Mon Jan 14, 2013 11:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emergency Savings in Bond Fund
Replies: 19
Views: 2042

Re: Tax question regarding Indian Fixed Deposits (NRO accoun

Based on the 26AS Tax Credit Statement which is generated based on PAN number for the TDS deducted, I will be taking the credit while filing US tax. See http://www.irs.gov/publications/p514/ar02.html#en_US_publink1000224404 More specifically: Foreign tax refund. You cannot take a foreign tax credit...
by FB01
Sun Jan 13, 2013 9:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax question regarding Indian Fixed Deposits (NRO account)
Replies: 22
Views: 2250

Re: Tax question regarding Indian Fixed Deposits (NRO accoun

I'm not sure I understand your question i.e. "get the TDS"? But here's how it works: 1. Your bank in India deducts tax at source (TDS) for your Non-Resident Ordinary (NRO) account - usually at 30% of interest paid. 2. Depending on the total amount of interest income, you can file a tax re...
by FB01
Sun Jan 13, 2013 8:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax question regarding Indian Fixed Deposits (NRO account)
Replies: 22
Views: 2250

Re: Tax question regarding Indian Fixed Deposits (NRO accoun

Can anyone tell me how do you guys fill in the exchange rate to get the TDS? http://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates RR2, This is helpful. Can you please tell me which in which form do you generally fill all these to get the tax credit. I use Tu...
by FB01
Sun Jan 13, 2013 8:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax question regarding Indian Fixed Deposits (NRO account)
Replies: 22
Views: 2250

Tax question regarding Indian Fixed Deposits (NRO account)

Hi, The question is regarding Tax on the Indian Bank Fixed Deposits for NRO account. I have an NRO account and have created Fixed deposits. My income limit in Indian Rupees is not more to I should not be taxed in India for the Interest Income I have generated from fixed deposit. However, in NRO acou...
by FB01
Sun Jan 13, 2013 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax question regarding Indian Fixed Deposits (NRO account)
Replies: 22
Views: 2250

Re: Taxable -Tax Exempt Fund - Reinvest Divident or not

If the funds are held directly with Vanguard - Vanguard keeps track of all cost basis information and provides reports at year end. Yes. The funds are directly held with Vanguard. So that means, I should be fine if I reinvest the divident for these funds in Taxable? Apart from Tax complications (wh...
by FB01
Mon Dec 31, 2012 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable -Tax Exempt Fund - Reinvest Divident or not
Replies: 10
Views: 927

Taxable -Tax Exempt Fund - Reinvest Divident or not

Hi, Normally we do not reinvest dividend in taxable to avoid tax complication. However, I am now putting my savings in the below two Funds in taxable and am reinvesting dividend. Is that good or not? VMLTX - Vanguard Limited Term Tax Exempt VWITX - Vanguard Intermediate Term Tax Exempt Can anyone gi...
by FB01
Mon Dec 31, 2012 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable -Tax Exempt Fund - Reinvest Divident or not
Replies: 10
Views: 927

Re: Where to Keep Medium Term Savings

Hello everyone, I hope you are all enjoying your holiday season. Quick question regarding our savings as I have not posted here in while and need to put back on the right track. We have the ability to save about $6,500/mo. We have a cash emergency fund that is appropriate size for our income. We do...
by FB01
Sun Dec 30, 2012 1:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to Keep Medium Term Savings
Replies: 28
Views: 2798

Re: HSA Investment suggestion - Well Fargo

PaddyMac wrote:fwiw, WF only makes us keep $2K in cash.


I guess you might have opened the account earlier. The policy might have changed for the new custsomers.

Also, can you give information about the funds you have put in the WF? Would help.
by FB01
Tue Dec 11, 2012 5:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Investment suggestion - Well Fargo
Replies: 13
Views: 1231
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