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

Your HSA "hi-deductible" is only $1500? that is so low...is that for only you (single) or your entire family. also factor in how much you will contribute to the HSA account per year. im not sure if it changes based on age but i make decent money and am 25. its for just me im not married. ...
by archbish99
Thu Oct 30, 2014 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: PPO vs HSA (hsa seems too good to be true)
Replies: 21
Views: 1896

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

What's the Boglehead consensus on PPO vs CDHP? From previous threads, about what you'd expect. HDHPs generally shift more burden to the individual in the worst case (though not always -- prescriptions are subject to the OOP max, where they generally aren't in traditional PPOs), but reward you with ...
by archbish99
Tue Oct 28, 2014 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: PPO vs HSA (hsa seems too good to be true)
Replies: 21
Views: 1896

Re: Lender Paid Mortgage Insurance?

$75/month for PMI @ 36 months = $2,700 $2,700 divided by $12/month for LPMI = 225 months, or 18.75 years to break even Even if I'm going to be in the house for 18.75 years or more, I think it is worth it to pay extra in the long run ($12/month after 18.75 years) in order to save more money now. One...
by archbish99
Tue Oct 28, 2014 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lender Paid Mortgage Insurance?
Replies: 5
Views: 504

Re: Are we really in the 0% bracket?

To nitpick a bit: I don't think there is a 0% bracket. There is a 10% bracket, and my understanding is that standard deductions eliminate the tax that would be paid for people in that bracket, but that's not the same thing as a 0% bracket. I think you may be confusing your marginal rate (your brack...
by archbish99
Tue Oct 28, 2014 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are we really in the 0% bracket?
Replies: 32
Views: 3651

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

So let's see.... On the HSA, here are the net differences: ⋅ Premium: $3957 - $2406 = $1551 ⋅ Company contribution: $500 ⋅ Tax savings on your HSA contribution: $2850 x 25% [depending on your tax bracket] = $712 ⋅ Worst-case expenses: Not clear whether your ma...
by archbish99
Tue Oct 28, 2014 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: PPO vs HSA (hsa seems too good to be true)
Replies: 21
Views: 1896

Re: Statute of Limitations on Medical Billing?

Not for the lab; probably for the urgent care.
by archbish99
Sat Oct 25, 2014 11:21 pm
 
Forum: Personal Consumer Issues
Topic: Statute of Limitations on Medical Billing?
Replies: 12
Views: 1743

Re: Statute of Limitations on Medical Billing?

I'm a physician and must say you are a better man/ woman then me. I don't even worry about the bill until I get it in my hand. That is their responsibility to get done as they have the most amount to lose. I wouldn't go that far.... I just don't like having bills (particularly if they're large) han...
by archbish99
Sat Oct 25, 2014 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Statute of Limitations on Medical Billing?
Replies: 12
Views: 1743

Re: Statute of Limitations on Medical Billing?

About what insurance will pay, it's easy: Exclusions and limitations ⋅ ... ⋅ Services for which claim was not received by [company] within 12 months of the date of service. Corrected claims and COB claims need to be submitted within 12 months from the original claim submission da...
by archbish99
Fri Oct 24, 2014 8:17 pm
 
Forum: Personal Consumer Issues
Topic: Statute of Limitations on Medical Billing?
Replies: 12
Views: 1743

Statute of Limitations on Medical Billing?

Our insurance policy has a requirement that all services have to be billed to them within a year of the date of service, which is more than reasonable -- they have to be able to close out the books on previous customers and past years at some point, after all. However, we've got a number of places n...
by archbish99
Fri Oct 24, 2014 2:22 pm
 
Forum: Personal Consumer Issues
Topic: Statute of Limitations on Medical Billing?
Replies: 12
Views: 1743

Re: Adoption

My wife and I spent two and a half years trying to adopt an infant domestically following our inability to have kids naturally. Our agency had up-front fees (for the home study, the paperwork, and the search process) of about $13k, with post-placement fees roughly another $13k. The way infant adopti...
by archbish99
Fri Oct 24, 2014 1:58 pm
 
Forum: Personal Consumer Issues
Topic: Adoption [Experience from those who have adopted]
Replies: 24
Views: 2662

Re: Threshold for Recharacterization

archbish99, Let's assume assume we are talking about a 2014 conversion. The problem with doing the recharacterizations in the next year (2015) is that you won't be able to re-convert those dollars in that year (2015). Hopefully you have other funds that you can convert next year (2015) and that the...
by archbish99
Sat Oct 11, 2014 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threshold for [Resetting Roth Conversion]
Replies: 16
Views: 1558

Re: Threshold for Recharacterization

The timing of the recharacterization very much matters - if the fund price is higher than it was at the time of conversion you will now owe a 10% penalty on the difference between the conversion amount and the recharacterization amount. Where do you find such a penalty? There's no IRA withdrawal oc...
by archbish99
Fri Oct 10, 2014 6:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threshold for [Resetting Roth Conversion]
Replies: 16
Views: 1558

Re: Threshold for [Resetting Roth Conversion]

True. It doesn't matter if it's all the same fund, as I understand it, but I keep a separate Roth account per fund I might want to recharacterize out of.
by archbish99
Fri Oct 10, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threshold for [Resetting Roth Conversion]
Replies: 16
Views: 1558

Re: Threshold for Recharacterization

You are converting dollars, not shares of a mutual fund. Thus it doesn't matter when you convert,, Unless you try to time the 're-entry into a Roth. :annoyed Consider this case: I converted $9000 from a Traditional IRA to a Roth IRA. Both before and after the conversion, it was invested in fund XYZ...
by archbish99
Fri Oct 10, 2014 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threshold for [Resetting Roth Conversion]
Replies: 16
Views: 1558

Threshold for [Resetting Roth Conversion]

This will be the second year in an account I'm managing where I'll do a Roth conversion up to the top of the 15% bracket. The first year worked out quite well -- estimated the amount to convert, and then as part of tax prep recharacterized the amount that was into the 25% bracket. This year, I conve...
by archbish99
Thu Oct 09, 2014 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threshold for [Resetting Roth Conversion]
Replies: 16
Views: 1558

Re: Experience with big spike in earnings (stock options)

A decent portion of my compensation is in the form of bonus plus RSUs, which vest in future years within a few weeks of the bonus. We usually treat that ~month-long period as one giant windfall. Make good use of it by not including it as part of your regular salary and depending on it to live. Inste...
by archbish99
Sun Sep 28, 2014 11:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Experience with big spike in earnings (stock options)
Replies: 8
Views: 1001

Re: Rental property with in-laws: please help!

Option 1 Pay off the $43k HELOC and keep the underwater house in your wife's name. If the in-laws have any ownership interest in the deed or liability interest in the mortgage, get them off of it. Hire an unrelated third party to manage the rental for you. Never speak to the in-laws about the house...
by archbish99
Wed Sep 17, 2014 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 128
Views: 8012

Re: Is this an exception to buying Mortgage Points?

My bank is offering 4.25% fixed 30 year mortgage loan for $225,750. They will reduce my closing costs by $1,128 if I use this option. They are also offering me 4.125% for fixed 30 years if I pay $846. Or they will offer 4.0% for 30 years fixed if I pay $1,800. This isn't technically buying points, ...
by archbish99
Wed Sep 17, 2014 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this an exception to buying Mortgage Points?
Replies: 18
Views: 1554

Re: My first required EMV transaction in the US

FWIW, I just went through and called my card issuers. AmEx is sending me an EMV card this week for my personal card, but don't have it available yet for my business card. Discover doesn't have any EMV cards available yet, but the rep knew what they were and knew they were coming soon. Barclay has it...
by archbish99
Mon Sep 15, 2014 7:31 pm
 
Forum: Personal Consumer Issues
Topic: My first required EMV transaction in the US
Replies: 9
Views: 1021

Re: New 2% cash back Mastercard from Citi

Gift cards that reduce future spending, on which you would otherwise have earned 2%. šŸ˜‰
by archbish99
Fri Sep 12, 2014 8:21 am
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 237
Views: 28497

Re: Rather macabre but necessary question

If you stop working (or even just cut back drastically), you can collect Social Security survivor benefits on your late wife's work record right now and let your own grow until they hit their max at age 70. (You don't need to wait until 62 and you don't need to cut into your own work-record benefit...
by archbish99
Wed Sep 10, 2014 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 74
Views: 6391

Re: Rather macabre but necessary question

From a "get the most from SS" perspective, if you have a short life expectancy, you should start ASAP. That has the benefit of reducing the burn rate on your own investments and increasing what you'll be able to leave your heirs. Except that you have no heirs, so that's not a priority for ...
by archbish99
Tue Sep 09, 2014 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 74
Views: 6391

Re: Rather macabre but necessary question

To minimize the risk of outliving your money, consider a single premium immediate annuity (SPIA), although I don't know how your condition will affect your eligibility to buy one. I wish you a long, healthy and happy life. If you can find a SPIA with medical underwriting, a terminal diagnosis with ...
by archbish99
Tue Sep 09, 2014 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 74
Views: 6391

Re: POLL: Has a financial firm made a mistake with your mone

Had a $6k fixed income note mature, and Vanguard accidentally redeemed it for $60k instead. I did call and alert them to it; I figure someone would have noticed soon anyway. Also had lump sum principal payments on our mortgage treated as my regular month's payment, or rejected because it wasn't as m...
by archbish99
Sun Sep 07, 2014 6:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Has a financial firm made a mistake with your money?
Replies: 52
Views: 2769

Re: 1.99% Unsecured "AnythingLoan"

It is my VERY strong opinion, based on the actual way they work, that 401(k) [probably also applies to TSP and 403(b) as well) loans are usually a bad idea or alternative. it is also my opinion (based on experience and talking to past coworkers, friends, acquaintences) that most prople do not under...
by archbish99
Sat Sep 06, 2014 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14
Replies: 53
Views: 8031

Re: New 2% cash back Mastercard from Citi

It's tempting, I'll admit. My current 2% card is a Discover with an annual fee; my calculations say that it would net an extra $100-150/year to switch; gets rid of the annual fee and gets rid of the spending that "slips" to lower-rate cards at places that don't take Discover.
by archbish99
Mon Sep 01, 2014 2:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 237
Views: 28497

Re: Do you mix inheritance and earned money?

The primary argument I've seen for keeping inheritance separate is that inheritance is separate property in case of a divorce (in most states), provided it has been kept separate. When you start commingling it with joint funds, it becomes property of the couple. Obviously, no one wants to hedge agai...
by archbish99
Fri Aug 29, 2014 5:22 pm
 
Forum: Personal Consumer Issues
Topic: Do you mix inheritance and earned money?
Replies: 25
Views: 2303

Re: Global entry and Nexus (not the phone)

Eye scan is needed when arriving in Canada by air. Fine without for land crossings or entering the US, by my understanding.
by archbish99
Fri Aug 22, 2014 9:20 am
 
Forum: Personal Consumer Issues
Topic: Global entry and Nexus (not the phone)
Replies: 16
Views: 1158

Re: In-Law Financial Issues (long)

I feel your pain -- I worry about my in-laws for basically the same reasons, though the specifics differ. They have a decent income, but mountains of deb. They say they cut every expense they can, but with two houses, a boat, and an insistence on eating only organic & local food.... Well, let's ...
by archbish99
Mon Aug 18, 2014 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4298

Re: Health Insurance Premium is HSA eligible expense?

Would be a good test case for someone to test this on an 8889 as a qualified expense (ACA policy). How do I test this? Is there a way to ask the IRS to clarify it's stand on this? How do you test it? Claim it as an eligible expense, get audited, lose the audit, and appeal in tax court. Good luck! A...
by archbish99
Mon Aug 18, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Premium is HSA eligible expense?
Replies: 13
Views: 1534

Re: Help with investing for children

Isn't money fungible? Couldn't the OP just break out a chunk of his retirement accounts and mentally consider it for his kids but continue contributing to his own after tax accounts given his retirement accounts are maxed out? Or have separate after tax accounts for the kids, purchasing tax efficie...
by archbish99
Sun Aug 17, 2014 2:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with investing for children
Replies: 25
Views: 1734

Re: Power of Attorney

A POA can be general or for healthcare. (Most states require health care to be separate.) It can be springing or immediate, and if immediate can be durable. There are lots of variations. I bought a generic form on the Internet and modified it myself, because we were in a hurry. If we'd had more time...
by archbish99
Sun Aug 17, 2014 2:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney
Replies: 32
Views: 2693

Re: Medicare or Other for Caregiver Emergency?

Both are on Medicare, with a Medigap plan. We know pretty well what they will cover for Mom, because it's her own medical problem at issue -- surgery, hospital stay, rehab. It's more whether there's any assistance for Dad while she's unable to care for him. There are LTC policies -- I don't know the...
by archbish99
Sun Aug 17, 2014 1:57 am
 
Forum: Personal Consumer Issues
Topic: Medicare or Other for Caregiver Emergency?
Replies: 7
Views: 471

Medicare or Other for Caregiver Emergency?

My mother is my father's primary caregiver, but now she needs a knee replacement. She'll be in the hospital for several days, then in rehab for a couple weeks. We're trying to figure out what to do for Dad, and what the finances of that will look like. My brother is local and can look in on him; I c...
by archbish99
Sat Aug 16, 2014 11:54 pm
 
Forum: Personal Consumer Issues
Topic: Medicare or Other for Caregiver Emergency?
Replies: 7
Views: 471

Re: Ortho/Dental Forced Financing Dilema

Frankly, I think you're over-reacting a little bit. Realistically: ⋅ They want you to pay in full or finance it. What other options were you expecting? If you finance it somewhere other than through them, it looks like payment in full as far as they're concerned. ⋅ Before, you pa...
by archbish99
Sat Aug 16, 2014 8:07 pm
 
Forum: Personal Consumer Issues
Topic: Ortho/Dental Forced Financing Dilema
Replies: 5
Views: 804

Re: Windows 7 PC?

Thanks All! As usual, I received a lot of excellent opinions and information. I'm now leaning toward a Windows 7 PC, especially since it will be supported until 2020. Before I make a final decision though, I'd like to take a look at Windows 8.1. I just don't know anyone that has 8.1 or any place wh...
by archbish99
Sat Aug 16, 2014 4:14 am
 
Forum: Personal Consumer Issues
Topic: Windows 7 PC?
Replies: 49
Views: 2716

Re: Windows 7 PC?

Windows 8.1 Update 1 has given you an ability to boot into desktop mode so the PC does feel similar to Win 7. http://windows.microsoft.com/en-us/windows-8/whats-new Take a look at a PC with this update installed to determine if it will work for you. Yep -- the update from earlier this year helps th...
by archbish99
Fri Aug 15, 2014 2:31 pm
 
Forum: Personal Consumer Issues
Topic: Windows 7 PC?
Replies: 49
Views: 2716

Re: Did I make out like a bandit - interest (not Sallie Mae)

The 401k loan rate is 4.25% vs. 2.75% on the mortgage, so it's not an interest savings -- but the lump sum principal payment allowed us to remove PMI, which saves us about $100/month. It nets out well, even if we pay the minimums, and even better if we can pay it off early. I count the 401k loan as ...
by archbish99
Wed Aug 13, 2014 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did I make out like a bandit - interest (not Sallie Mae)
Replies: 27
Views: 3502

Re: Did I make out like a bandit - interest (not Sallie Mae)

Oh, as a side-note, not all loans work this way. My 401k loan (source of the big mortgage principal payment, actually) takes extra interest out if you pre-pay, because they take a payment's worth of interest (based on your current balance) out of every payment. So if you were to send in an extra pay...
by archbish99
Wed Aug 13, 2014 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Did I make out like a bandit - interest (not Sallie Mae)
Replies: 27
Views: 3502

Re: Did I make out like a bandit - interest (not Sallie Mae)

I had this happen several months ago, too. I made a large principal payment late in the month, and saw on the web site that they had treated it as my regular payment paid early, with a lot of extra principal. I debated whether it was worth it, but ultimately called and asked them to correct it to be...
by archbish99
Tue Aug 12, 2014 3:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did I make out like a bandit - interest (not Sallie Mae)
Replies: 27
Views: 3502

Re: Choosing between Health Insurance Options

I guess I don't really understand the point of the deductible/out of pocket limit on the HDHP. If you have to pay 100% of everything until you hit the deductible, then insurance kicks in and pays everything after that, where does the out of pocket maximum come in? In case you get a whole lot of $10...
by archbish99
Sun Aug 10, 2014 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing between Health Insurance Options
Replies: 11
Views: 803

Re: Choosing between Health Insurance Options

The "average" case. What if she uses exactly the deductible on the HDHP? The other plan would be somewhat cheaper, though the tax benefits of the HSA and the lower premiums help. There's a lot you've omitted here -- $10/visit copay, but you're not likely to hit the deductible solely from t...
by archbish99
Sun Aug 10, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing between Health Insurance Options
Replies: 11
Views: 803

Re: Tax-Free Traditional to Roth Conversions?

No, this is a common strategy for people who retire early but delay SS. SS and RMDs both start at ~70, so if you retire early and can live off taxable investments, you can do tax-free or low-tax Roth conversions. My only caution would be around any tax benefits that phase out more aggressively for M...
by archbish99
Fri Aug 08, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax-Free Traditional to Roth Conversions?
Replies: 17
Views: 886

Re: Vanguard sued for charging too little

No, this shouldn't change Vanguard's actual structure. If Vanguard loses the lawsuit, I would guess the results would be two-fold: ⋅ They would have to charge "market" rates for the services VGI provides to the funds. This means VGI would turn a profit, pay taxes, then return the...
by archbish99
Tue Aug 05, 2014 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 22190

Re: Question about HSA and FSA

She can have an FSA then, but the payouts can only be for her expenses. There is disagreement here, and nothing definitive in the law or IRS rulings. An FSA, even if not used for you, still covers you and is listed in the set of things that can disqualify you from contributing to an HSA. I've never...
by archbish99
Wed Jul 30, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about HSA and FSA
Replies: 12
Views: 555

Re: Vanguard sued for charging too little

I don't understand this at all. I am not a tax expert, but I always thought corporations paid taxes based on consolidated financials. Intercompany transactions for 100% owned subsidiaries such as these are always eliminated in the consolidation process. What am I missing? You're missing that Vangua...
by archbish99
Sun Jul 27, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 22190

Re: How to Handle a Multi-Generational Trust

I have read a number of investing books. Graham's classic was excellent. Bogle's books were also thorough and convincing. His relentless arithmetic is undeniable. The books on stock picking and market timing sounded like a bunch of unsubstantiated rubbish after reading Bogle. I don't have the skill...
by archbish99
Thu Jul 10, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to Handle a Multi-Generational Trust
Replies: 24
Views: 3165

Re: HSA savings on premium?

Shop around. One company's HDHP isn't cheaper than the HMO + 3xPPO that you've got now? That may mean their price for an HDHP isn't competitive, or that their price for a PPO is exceptionally good, or that there's medical underwriting being done in one case that isn't in the other. And of course, if...
by archbish99
Thu Jul 10, 2014 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA savings on premium?
Replies: 9
Views: 1283
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