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Re: Over my head setting up Backdoor Roth

I'll also note that calling Vanguard isn't actually all that painful. You usually get transferred once, but it seems that they have a number of things that the web site blocks because it's just easier to have a human check that it's valid than investing in the programming to let the website check th...
by archbish99
Wed Nov 26, 2014 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Over my head setting up Backdoor Roth
Replies: 7
Views: 1218

Re: HMO out of network question

Ditto what Hartwood said. I checked ACA and non ACA plans that had out of network coverage, and they only cover the "allowed" amount. Meaning, you go for $2000 minor surgery to an out of network doc, the allowed amount for the surgery is $700, so that's what the 20% out of network copay p...
by archbish99
Wed Nov 26, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: HMO out of network question
Replies: 16
Views: 839

Re: 60/40 edging my 95/5!

Despite the fact that Schwab holds dividends in SWPPX until December I don't think this actually makes any difference -- the payment of the dividend reduces the NAV, so you'll make the same amount regardless of whether they're cashed out quarterly or annually. They're already priced into increase s...
by archbish99
Wed Nov 26, 2014 1:30 pm
 
Forum: Investing - Theory, News & General
Topic: 60/40 edging my 95/5!
Replies: 8
Views: 2053

Re: Question regarding an HSA

In other words, you're financing it, either because you don't have the money or because you think you can get a better return in the meantime than whatever finance charges Care Credit entails. Care Credit itself (so any finance charges) isn't a medical expense, so no. But you can be reimbursed for t...
by archbish99
Tue Nov 25, 2014 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question regarding an HSA
Replies: 2
Views: 352

Re: After Tax Contributions to 401k???

That's not bad advice -- but better if he can promptly convert it to Roth. Otherwise, tax-efficient taxable investing could be even better advice. Your own accounts may be able to split the basis, and put your initial contributions into a Roth IRA, and the untaxed earnings into a Traditional.
by archbish99
Sat Nov 22, 2014 3:00 pm
 
Forum: Investing - Theory, News & General
Topic: After Tax Contributions to 401k???
Replies: 16
Views: 1389

Re: After Tax Contributions to 401k???

Mine does. They've had after-tax contributions for a while, but added the ability to do in-plan Roth conversions last year. This year, they've started pushing it as the 401k having a maximum contribution of $37,500. The split between pre-tax/Roth limits and after-tax-with-conversion is spelled out i...
by archbish99
Fri Nov 21, 2014 8:06 pm
 
Forum: Investing - Theory, News & General
Topic: After Tax Contributions to 401k???
Replies: 16
Views: 1389

Re: GEHA - Standard vs. HDHP Options with Baby on the Way

Alhtough this would be pretty confusing figuring out the exact date of the insurance and which company is responsible for what. I'm assuming these details are already figured out by the FEHB. My understanding, though I don't have a convenient link, is that the change is effective as of the date of ...
by archbish99
Fri Nov 21, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: GEHA - Standard vs. HDHP Options with Baby on the Way
Replies: 36
Views: 2113

Re: HSA with post-deductible health FSA question

Next year my wife will give birth in February so we know it will be a year of high medical expenses (we are estimating $14k before any insurance for modelling purposes). Our best option is an HSA offered by my wife's employer but it looks like we can couple this with a post-deductible health FSA th...
by archbish99
Thu Nov 20, 2014 7:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA with post-deductible health FSA question
Replies: 3
Views: 391

Re: GEHA - Standard vs. HDHP Options with Baby on the Way

Not only that, the first pass through isn't made until mid February. And the hsa might not even be open until February according to plan documentation. If the hsa isn't open when the expenses happen, it cannot be used to pay for them. This is correct, but you can open the HSA with your own money on...
by archbish99
Thu Nov 20, 2014 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: GEHA - Standard vs. HDHP Options with Baby on the Way
Replies: 36
Views: 2113

Re: GEHA - Standard vs. HDHP Options with Baby on the Way

I can't speak to these specific plans, but our plan covers all routine pre-natal and well-child visits as preventative at 100%. My wife is also expecting, and the only things we've had to pay for are the ultrasounds and one non-routine visit when something was wrong. Ours doesn't cover the birth or ...
by archbish99
Mon Nov 17, 2014 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: GEHA - Standard vs. HDHP Options with Baby on the Way
Replies: 36
Views: 2113

Re: Cheapest "dumbphone" and plan for texting only?

https://republicwireless.com/info/plans/ Republic Wireless has a $10/month plan with unlimited texting, or $5/month if you're in range of Wi-Fi all the time, but requires a smartphone. Or see Ting, with more flexibility on phones and pay-by-usage rates -- $6/month for service, another $5/month for 1...
by archbish99
Fri Nov 14, 2014 2:08 pm
 
Forum: Personal Consumer Issues
Topic: Cheapest "dumbphone" and plan for texting only?
Replies: 7
Views: 770

Re: Limits on Brokered CD Death Put

What is a "survivor option"? See http://www.bogleheads.org/forum/viewtopic.php?f=1&t=114245 and several other threads referenced therein. Basically, heirs can redeem at par after the owner's death. If the owner doesn't need the principal, it can be smart to buy long-term, high-coupon ...
by archbish99
Tue Nov 11, 2014 11:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Limits on Brokered CD Death Put
Replies: 13
Views: 966

Re: Limits on Brokered CD Death Put

That last is interesting to know, though I've never seen a CD that doesn't list the survivor option at Vanguard.
by archbish99
Tue Nov 11, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Limits on Brokered CD Death Put
Replies: 13
Views: 966

Re: Limits on Brokered CD Death Put

Thanks, both of you! MooreBonds, I've found the general terms for Goldman Sachs CDs, but not been able to find the "supplement" / prospectus for my specific CDs or the one I'm looking at. Are those conveniently findable?
by archbish99
Tue Nov 11, 2014 11:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Limits on Brokered CD Death Put
Replies: 13
Views: 966

Limits on Brokered CD Death Put

This will be my third year rolling a CD ladder in an account I manage into longer-term brokered CDs with a Survivor Option (a.k.a. "Death Put"). If you're not familiar with this strategy, see previous threads. The thing that concerns me is that the best deals always seem to be Goldman Sach...
by archbish99
Tue Nov 11, 2014 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Limits on Brokered CD Death Put
Replies: 13
Views: 966

Re: Vanguard sued for charging too little

Not that I'm not on Vanguard's side, but it sounds like they're making contradictory arguments here: "You're not allowed to sue us, because your suit is based on proprietary information you were required to keep confidential. But all this has been widely publicized, so the IRS or SEC could have...
by archbish99
Mon Nov 10, 2014 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 197
Views: 26881

Re: Adoption [Experience from those who have adopted]

Yeah, situations like that ^ are why we ruled out private adoption every time the discussion came up. We'd much rather have an agency who can take responsibility for vetting the birth parents, finding/notifying birth-dad, deciding and providing appropriate expense assistance to birth-parents, etc. I...
by archbish99
Mon Nov 10, 2014 11:55 am
 
Forum: Personal Consumer Issues
Topic: Adoption [Experience from those who have adopted]
Replies: 39
Views: 4424

Re: When do you buy a new home computer?

Oh yeah... do NOT upgrade os versions - I see people sludge a reasonable machine by having to have the latest os for no reason :-) this is terrible advice. os upgrades help ensure you are patched against exploits. No, updates ensure you're patched. They're talking about going from XP to Win10, not ...
by archbish99
Sat Nov 08, 2014 12:38 am
 
Forum: Personal Consumer Issues
Topic: When do you buy a new home computer?
Replies: 52
Views: 4255

Re: When do you buy a new home computer?

For desktops, I'm a lego-person. My "current" desktop has the same case I've been using for ~7 years, a hard drive from ~3 years ago, an SSD I added last year, and new motherboard/CPU/RAM Wednesday night. (Okay, the MB/CPU/RAM combo probably adds up to a "new" computer.) The MB/C...
by archbish99
Fri Nov 07, 2014 6:57 pm
 
Forum: Personal Consumer Issues
Topic: When do you buy a new home computer?
Replies: 52
Views: 4255

Re: Collision claim on new auto policy - problems

They're going to want some kind of evidence as to the date. Were there witnesses? Did you file a police report? The pictures you took likely have a timestamp, but that's relatively easy to alter. Provide them with data.
by archbish99
Fri Nov 07, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Collision claim on new auto policy - problems
Replies: 24
Views: 2104

Re: How to calculate earnings on excess HSA contribution?

Assuming no other transactions in the meantime, yes. However, in most cases, you'll tell the custodian how much was excess, and they'll determine the earnings.
by archbish99
Mon Nov 03, 2014 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to calculate earnings on excess HSA contribution?
Replies: 2
Views: 255

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

Mine calls it a "Health Savings Plan (HSP)," with fine print saying that it's a HDHP plus an HSA.
by archbish99
Fri Oct 31, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: PPO vs HSA (hsa seems too good to be true)
Replies: 24
Views: 2744

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 8:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: PPO vs HSA (hsa seems too good to be true)
Replies: 24
Views: 2744

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 5:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: PPO vs HSA (hsa seems too good to be true)
Replies: 24
Views: 2744

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 4:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lender Paid Mortgage Insurance?
Replies: 5
Views: 533

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 4:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are we really in the 0% bracket?
Replies: 32
Views: 3904

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 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: PPO vs HSA (hsa seems too good to be true)
Replies: 24
Views: 2744

Re: Statute of Limitations on Medical Billing?

Not for the lab; probably for the urgent care.
by archbish99
Sat Oct 25, 2014 10:21 pm
 
Forum: Personal Consumer Issues
Topic: Statute of Limitations on Medical Billing?
Replies: 12
Views: 1821

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 3:48 pm
 
Forum: Personal Consumer Issues
Topic: Statute of Limitations on Medical Billing?
Replies: 12
Views: 1821

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 7:17 pm
 
Forum: Personal Consumer Issues
Topic: Statute of Limitations on Medical Billing?
Replies: 12
Views: 1821

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 1:22 pm
 
Forum: Personal Consumer Issues
Topic: Statute of Limitations on Medical Billing?
Replies: 12
Views: 1821

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 12:58 pm
 
Forum: Personal Consumer Issues
Topic: Adoption [Experience from those who have adopted]
Replies: 39
Views: 4424

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 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threshold for [Resetting Roth Conversion]
Replies: 16
Views: 1668

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 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threshold for [Resetting Roth Conversion]
Replies: 16
Views: 1668

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 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threshold for [Resetting Roth Conversion]
Replies: 16
Views: 1668

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 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threshold for [Resetting Roth Conversion]
Replies: 16
Views: 1668

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 3:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Threshold for [Resetting Roth Conversion]
Replies: 16
Views: 1668

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 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Experience with big spike in earnings (stock options)
Replies: 8
Views: 1011

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 10:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 128
Views: 8156

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 9:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this an exception to buying Mortgage Points?
Replies: 18
Views: 1575

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 6:31 pm
 
Forum: Personal Consumer Issues
Topic: My first required EMV transaction in the US
Replies: 9
Views: 1050

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 7:21 am
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 237
Views: 32927

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 6:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 74
Views: 6540

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 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 74
Views: 6540

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 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 74
Views: 6540

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 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Has a financial firm made a mistake with your money?
Replies: 52
Views: 2822

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 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14
Replies: 58
Views: 10614

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 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 237
Views: 32927

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 4:22 pm
 
Forum: Personal Consumer Issues
Topic: Do you mix inheritance and earned money?
Replies: 25
Views: 2319
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