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by archbish99
Wed May 20, 2015 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 8
Views: 990

Re: SS question

So if I wait till 64 or 65 to collect SS I would get more of a benefit right? Yes. Your benefit is reduced if you claim before Full Retirement Age, and increased if you claim after. By waiting until 64-65 (still not FRA), you'll have less of a reduction than at 62. 62 is the minimum, 70 is the maxi...
by archbish99
Tue May 19, 2015 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare Sharing Ministry A No Brainer?
Replies: 49
Views: 3107

Re: Healthcare Sharing Ministry A No Brainer?

My wife also gets monthly birth control at $25 a pop (on health care sharing ministry, this would cost me $19 a month since it would be paid out of pocket but still from my old HSA so true cost = $25 x 75%). What would the health care ministry think of your wife taking birth control ? Don't you hav...
by archbish99
Sun May 17, 2015 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare Sharing Ministry A No Brainer?
Replies: 49
Views: 3107

Re: Healthcare Sharing Ministry A No Brainer?

Here is another take, if you were to get cancer since the ACA plans cannot exclude pre existing conditions so why not just just sign up for an ACA plan with no cap at that time? That's why they have an open-enrollment period, rather than being able to jump in at any time. If you get cancer with eno...
by archbish99
Sat May 16, 2015 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Sharing Ministry A No Brainer?
Replies: 49
Views: 3107

Re: Healthcare Sharing Ministry A No Brainer?

The savings also come from the per-incident cap. Would a single bout with cancer be one incident? $1M+ medical expenses are rare (at age 30, especially), but that's part of what insurance is for. You're comparing catastrophic-only coverage on the exchange to coverage that only pays for small catastr...
by archbish99
Wed May 13, 2015 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: YNAB a good subsitute for Quicken?
Replies: 21
Views: 1782

Re: YNAB a good subsitute for Quicken?

Quicken knows how much you spent this month in a given category, and knows how much you intend to spend in a given category. It doesn't (or didn't when I used it) deal easily with stuff that isn't monthly, or carry-over amounts from month to month. I jury-rigged a way to do it, but it was error-pron...
by archbish99
Tue May 12, 2015 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody 50/50?
Replies: 78
Views: 6140

Re: Anybody 50/50?

Basically go Total US and International for Stock and Total US bond (with maybe a little international) for my Roth and 401k. For taxable same stock but use tax exempt intermediate for the bonds. Surprised no one else has commented, but regardless, you should probably handle your allocation across ...
by archbish99
Fri May 08, 2015 1:00 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 202
Views: 9108

Re: Forum software upgrade bug reports and change requests

Minor bug, but the login page says:
In order to login you must be registered.

"Login" is a noun. "Log in" is a verb.
by archbish99
Mon May 04, 2015 12:32 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 202
Views: 9108

Re: Forum software upgrade bug reports and change requests

Peterjens wrote:
Peterjens wrote:How do I mark all posts read?


Bump.

Have you tried the "Mark forums read" / "Mark topics read" link in the upper right?
by archbish99
Sun May 03, 2015 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Power of attorney
Replies: 52
Views: 2250

Re: Power of attorney

Vanguard's handling of PoAs is rather obtuse, IIRC -- they honor them only by mail, and with a separate copy of the PoA for each request. I do wonder, though, whether the PoA could be used to execute the agent form on behalf of the disabled party...? Worse is Treasury Direct -- as a federal institut...
by archbish99
Sat May 02, 2015 6:42 am
Forum: Investing - Help with Personal Investments
Topic: How to invest 15 years of living expenses
Replies: 13
Views: 1571

Re: How to invest 15 years of living expenses

TIPS would guarantee you against losses to inflation, though obviously you'll pay an insurance premium in the form of negative yield on the short term ones. TIPS in combination with as many I-Bonds as you're allowed to purchase might be worthwhile, though. Looks like a 15-year TIPS ladder at that in...
by archbish99
Fri May 01, 2015 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: PMI- single premium at closing?
Replies: 5
Views: 361

Re: PMI- single premium at closing?

$2800 / $100/month => 28 months. If he will be in the home for 28 months and won't be able to pre-pay principal and remove PMI before 28 months, prepaying sounds worthwhile. I probably wouldn't take the higher interest rate, as that can never be removed until you move or refinance. I've made that mi...
by archbish99
Fri May 01, 2015 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a Personal Rep (Executor) for Living Trust
Replies: 21
Views: 1176

Re: Choosing a Personal Rep (Executor) for Living Trust

On a $4M trust, Vanguard's fee as asset manager would be $14,500/year, or 0.365%, in addition to the ER of the funds. The fee as trustee would be another $2,500/year. I'm sure you can find other professional trustees in other price ranges. With a lawyer, your trust might be paying hourly rather than...
by archbish99
Thu Apr 30, 2015 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Residents of states w/o income tax, do you itemize?
Replies: 34
Views: 2063

Re: Residents of states w/o income tax, do you itemize?

It is not like this is a choice. You must do the following: - compute standard deduction, - compute itemized deduction, - whichever is better, you take that. Um, actually, it is precisely a choice. You may itemize even if below the standard deduction (and may be required to do so in some circumstan...
by archbish99
Thu Apr 30, 2015 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Residents of states w/o income tax, do you itemize?
Replies: 34
Views: 2063

Re: Residents of states w/o income tax, do you itemize?

Washington, and itemize. Charitable giving, mortgage interest, property tax, and sales tax take us well past the standard deduction.
by archbish99
Tue Apr 28, 2015 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: How do you do it in practice?
Replies: 40
Views: 2489

Re: Tax Loss Harvesting: How do you do it in practice?

Also, does the decision on dividend reinvestment make a difference? If you are going to track cost basis, automatic reinvestment will leave you with a whole bunch of tiny transactions that need to be dealt with. It's a lot more convenient to not reinvest distributions automatically. Direct them to ...
by archbish99
Mon Apr 27, 2015 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: How do you do it in practice?
Replies: 40
Views: 2489

Re: Tax Loss Harvesting: How do you do it in practice?

I have two metrics:
  • If it's making the news that the markets are crashing, look to see if it's worth it.
  • Never close the tax year with a down position -- no matter how small, sell anything that's a loss in the last week of December.
by archbish99
Sun Apr 26, 2015 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Pre Tax, Roth 401k or After tax 401K??? HELP!
Replies: 14
Views: 1035

Re: 401K Pre Tax, Roth 401k or After tax 401K??? HELP!

Roth and Traditional are the same, assuming your tax rate is the same now and in retirement . Many people opine that "taxes will only go up," which is likely true, as far as it goes. But what matters isn't "taxes," it's your marginal rate . That is, do you think a retiree on Soci...
by archbish99
Fri Apr 24, 2015 11:04 pm
Forum: Personal Consumer Issues
Topic: My PC is driving me nuts.
Replies: 28
Views: 2122

Re: My PC is driving me nuts.

My recommendation is to back up all your information, then re-install windows. If you don't know how, ask someone you know or pay a professional. Note that this is built into the OS now.... Go to PC Settings, Update & Recovery, Recovery and select "Refresh my PC." Your files, most set...
by archbish99
Mon Apr 20, 2015 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you Roth conversion experts!
Replies: 3
Views: 445

Re: Question for you Roth conversion experts!

What you convert and how much you spend are separate discussions. First, decide how much you're going to spend out of your accounts -- and spending more to balance delaying your pension and SS is a good move. Spending more while you're young is also a well-known approach. That's nothing to do with R...
by archbish99
Sat Apr 18, 2015 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Mini-contribution Roth from study earnings?
Replies: 4
Views: 381

Mini-contribution Roth from study earnings?

Two related questions I'm hoping someone can help with: ⋅ My three-month-old son will be a participant in a research study in a few weeks. In addition to reimbursing my wife's expenses to get there, we'll be paid a modest amount for his/our time. Would this be earned income for him that wo...
by archbish99
Sat Apr 18, 2015 4:31 am
Forum: Personal Finance (Not Investing)
Topic: Who is covered by your HSA?
Replies: 8
Views: 834

Re: Who is covered by your HSA?

I don't see why not -- it was a qualified medical expense at the time it was incurred, and the distribution was to reimburse a qualified expense. The current rules don't require the reimbursement to be prompt.
by archbish99
Fri Apr 17, 2015 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Who is covered by your HSA?
Replies: 8
Views: 834

Re: Who is covered by your HSA?

See Publication 969 . Qualified medical expenses are those incurred by the following persons. ⋅ You and your spouse. ⋅ All dependents you claim on your tax return. ⋅ Any person you could have claimed as a dependent on your return except that: ⋅ The person file...
by archbish99
Fri Apr 17, 2015 9:06 am
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 104
Views: 17886

Re: Easy solution

The dealer frame is acceptable, because I can remove that in less than a minute. But most car dealers in my city attach some kind of sticker with the dealer name on it to the back of the car. Some of the designs are pretty ugly, and I've seen multiple examples where they are slanted or tilted. I re...
by archbish99
Thu Apr 09, 2015 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Gift a child, then let them make charitable gift?
Replies: 11
Views: 1068

Re: Gift a child, then let them make charitable gift?

The IRS will, too. Not to mention, once you've given the money to the child, it's theirs. Is it in their best interest to make a large donation to charity?
by archbish99
Thu Apr 09, 2015 6:14 am
Forum: Personal Consumer Issues
Topic: Poll: What is the credit limit of your credit card?
Replies: 56
Views: 3669

Re: Poll: What is the credit limit of your credit card?

I used to think that way, and actually called to complain at least once when they raised my credit limit without asking. But we've occasionally had to request increases to fit major purchases -- or rather, make major purchases without that being the only thing in the card -- and I know at least one ...
by archbish99
Thu Apr 09, 2015 4:48 am
Forum: Personal Consumer Issues
Topic: Should I worry about being taken to collections?
Replies: 20
Views: 2295

Re: Should I worry about being taken to collections?

Indeed. A better approach might have been to let them charge the card, then dispute the charge with evidence you attempted to give notice. However, the question of whether you're allowed to give notice by phone is a valid one -- certified mail would have been clearer about exactly when notice was gi...
by archbish99
Wed Apr 08, 2015 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: A Little Surprise at the Social Security Office
Replies: 17
Views: 3231

Re: A Little Surprise at the Social Security Office

Like many others, I've also had the experience of checking my statement and finding an unexpected year of no income. Unlike most others, it turns out that this was correct in my case. It turns out, graduate students employed as teaching or research assistants are exempt from FICA taxes. No FICA paid...
by archbish99
Sun Mar 22, 2015 9:20 pm
Forum: Personal Consumer Issues
Topic: Urgent Care Centers - When should they be used?
Replies: 45
Views: 4050

Re: Urgent Care Centers - When should they be used?

fsrph wrote:So where do you go in that case? I don't have the answer but hopefully a good Urgent care facility will send you to the ER asap if they can't handle the problem.

Our local urgent care is in the same building as the ER. We have been sent upstairs by triage before.
by archbish99
Thu Mar 12, 2015 5:08 pm
Forum: Investing - Theory, News & General
Topic: Should Vanguard Offer A Low Minimum Fund?
Replies: 31
Views: 2561

Re: Should Vanguard Offer A Low Minimum Fund?

I for one would like to see Vanguard offer a fund with lower minimum as long as they sign up for automatic monthly contributions of say $50.00. This will get people in habit of not seeing it and invest. Many young will see $500.00 in bank and head to Vegas :D While is is great town , it is not help...
by archbish99
Fri Mar 06, 2015 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Bridging Delay to SS Strategy Opinions
Replies: 13
Views: 1178

Re: Bridging Delay to SS Strategy Opinions

There have been a couple, and I've been on most of them in the last few years. :happy I'm a fan of building a TIPS ladder -- there are a couple spreadsheets you can use (see http://www.bogleheads.org/forum/viewtopic.php?f=10&t=93849), one that gives a good approximation and one that gets much mo...
by archbish99
Fri Mar 06, 2015 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Which 529 plan are you using?
Replies: 49
Views: 3257

Re: Which 529 plan are you using?

Luke wrote:You can get a state tax deduction for any state's 529.

True in MT as of 2013, and a few other states, but not many.

We went Nevada; fees nearly as low, can manage through my Vanguard login, and works smoothly with UPromise.
by archbish99
Fri Mar 06, 2015 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 6964

Re: Does My Daughter Need A Prenup?

Yes -- a conversation with the grandparents about leaving the money in trust rather than directly to her might be a more politic approach.
by archbish99
Fri Feb 27, 2015 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: I survived my initial performance improvement mtg. Now what?
Replies: 33
Views: 4777

Re: I survived my initial performance improvement mtg. Now w

Your company may well have a policy prohibiting internal transfers when you have a bottom-tier performance review. Mine used to. Do NOT tell HR -- start looking externally. If your boss is trying to manage you out, he may also overlook judicious use of vacation time to job hunt.
by archbish99
Wed Feb 25, 2015 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Help with some Vanguard fund moves
Replies: 4
Views: 375

Re: Help with some Vanguard fund moves

To exchange from REIT to TSM in taxable, there's no immediate cost between two funds. If you have a gain on the REIT fund (you can view your cost basis and unrealized gains online), that capital gain is taxable on your 2015 tax return. If you have a loss, that loss will be claimed on the same tax re...
by archbish99
Mon Feb 23, 2015 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 280
Views: 48000

Re: Vanguard sued for charging too little

Just from the article, the alleged underpayment is $1 billion, and the reserve fund is $1.5 billion. Now, depending on the size of any penalties assessed, it might grow, but on the penalties I suspect Vanguard has a better argument that they've made their manner of operation public and have never re...
by archbish99
Mon Feb 23, 2015 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill killing me on 401K to Roth in 2014
Replies: 27
Views: 3580

Re: Tax bill killing me on 401K to Roth in 2014

brodyhill wrote:
archbish99 wrote:Fairmark seems to suggest so -- they're usually a reliable resource.


I assume this response to mean you agree with the Vanguard specialist.


Fairmark seems to suggest that:
brodyhill wrote:Is this guy at Vanguard flat out wrong?


I think you're correct, that he's flat-out wrong.
by archbish99
Mon Feb 23, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Tax bill killing me on 401K to Roth in 2014
Replies: 27
Views: 3580

Re: Tax bill killing me on 401K to Roth in 2014

Fairmark seems to suggest so -- they're usually a reliable resource.
by archbish99
Sat Feb 21, 2015 6:42 am
Forum: Investing - Help with Personal Investments
Topic: Where should an HSA fit into investment priority?
Replies: 39
Views: 2659

Re: Where should an HSA fit into investment priority?

Personally, I would still contribute the max, but it would certainly make the current-expense vs. save question easier. Like a bad 401k plan, you'll probably get to move the money eventually, but the unused contribution opportunity never comes back.
by archbish99
Fri Feb 20, 2015 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Where should an HSA fit into investment priority?
Replies: 39
Views: 2659

Re: Where should an HSA fit into investment priority?

A related quandary is how aggressively to invest the HSA. The logic of the tax benefits suggest you invest it extremely aggressively. But you also know that there's some possibility of an expensive health emergency that will require withdrawing from it, and that suggests tempering the risk because ...
by archbish99
Thu Feb 19, 2015 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Where should an HSA fit into investment priority?
Replies: 39
Views: 2659

Re: Where should an HSA fit into investment priority?

There are three things to consider when ordering accounts: Current tax benefits, immediate returns, and future tax costs. For a 401k, the current tax benefit is your marginal tax rate and the future tax cost is whatever your future marginal rate may be. If you have a match, you also have an immediat...
by archbish99
Thu Feb 19, 2015 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score and Changing Cards
Replies: 7
Views: 621

Re: Credit Score and Changing Cards

The card has an annual fee (one reason for replacing it), but it could be changed to one that doesn't with a call to customer service, I'm sure. It's interesting that any hit wouldn't actually occur for ten years -- who knows what I might be doing then?
by archbish99
Wed Feb 18, 2015 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score and Changing Cards
Replies: 7
Views: 621

Credit Score and Changing Cards

I'm considering reshuffling my set of credit cards, and one of the ones probably on the chopping block is my oldest, opened in 2004. After that, my oldest open cards are opened in 2009 (maybe keeping) and 2011 (definitely keeping). My credit score is quite good, usually just under 800, and while I d...
by archbish99
Fri Jan 30, 2015 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: A Gift - tax consequences
Replies: 16
Views: 1068

Re: A Gift - tax consequences

Short version: Gifts over your $14k/year limit eat away at your lifetime exemption. The remainder of that exemption is applied to estate taxes when you die. If your estate isn't likely to be that big, no tax impact. If it is, the tax impact is still deferred until death. You'd need to file a gift ta...
by archbish99
Fri Jan 30, 2015 4:17 pm
Forum: Personal Consumer Issues
Topic: Disputing A Fraudulent Credit Card Charge
Replies: 18
Views: 1235

Re: Disputing A Fraudulent Credit Card Charge

As someone else noted, I've done a number of disputes through Discover. The only issue I had was when I had a rep whose accent was so thick I couldn't parse it, and they flagged a valid charge as being fraudulent in addition to the ones that actually were.
by archbish99
Fri Jan 16, 2015 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Taxable to Fund Roth IRA
Replies: 2
Views: 516

Re: Selling Taxable to Fund Roth IRA

If you're in the 15% bracket, by all means, tax-gain harvest up to the top of that bracket. Use the proceeds to fund Roth IRA and/or Roth 401k contributions. If you're in a higher tax bracket, it's still worth selling as much as needed to fully fund your 401k and Roth each year. Roth is strictly bet...
by archbish99
Fri Jan 16, 2015 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship between PMI, Mortgage Rate, and Down Payment
Replies: 26
Views: 2234

Re: Relationship between PMI, Mortgage Rate, and Down Paymen

That's just negative points. If you pay more points, you'll get a lower interest rate. If you take a higher interest rate, you'll get a credit back. This won't be the front running interest rate that banks offer, but it's something you can ask for, and it will be on their spreadsheet of options. I p...
by archbish99
Wed Jan 14, 2015 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship between PMI, Mortgage Rate, and Down Payment
Replies: 26
Views: 2234

Re: Relationship between PMI, Mortgage Rate, and Down Paymen

I think PMI is tied to how much below 20% you are, but I doubt a bank will disclose the bend points. Most mortgages include a minimum length of time before PMI can be removed, whatever your balance, so i wouldn't go 19.9%.
by archbish99
Sun Jan 11, 2015 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: How are company vehicles taxed?
Replies: 6
Views: 785

Re: How are company vehicles taxed?

Most of the arrangements I've seen, you either pay the company for your personal mileage (and there's no tax impact), or the company lets you use the car for personal use, and what you would have paid (and they didn't demand) is imputed income on your W-2. You'd need to compare the total cost per mi...
by archbish99
Fri Jan 09, 2015 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account (HSA) Question
Replies: 8
Views: 1077

Re: Health Savings Account (HSA) Question

In my case, my wife is the primary on our HDHP family plan, but I opened the HSA in my name and contributed the family max ($6550) in one lump sum. Does anyone see a problem with this? Only if her employer attempts to make contributions on her behalf, but you don't mention employer involvement in t...
by archbish99
Fri Jan 09, 2015 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account (HSA) Question
Replies: 8
Views: 1077

Re: Health Savings Account (HSA) Question

(2) No, an HSA is an individual account. An HSA is based on having a qualified HDHP plan. Only the primary insured of a family plan is eligible for an HSA account. The only way for a married couple to each contribute to an HSA is if they each are covered by separate HDHP plan. I don't believe that'...

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