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Re: HDHP and Low Deductible Health Plan Coordination of Bene

I'm in a similar situation for the first time and have been trying to run the numbers myself. I'm new to COB and HSA so triple check my calculations. Had a hard time following through this. a couple of thoughts: The first case can just be eliminated without numbers. I don't think one would ever PAY...
by bdpb
Mon Nov 17, 2014 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: HDHP and Low Deductible Health Plan Coordination of Benefits
Replies: 19
Views: 1728

Re: HDHP and Low Deductible Health Plan Coordination of Bene

I edited my previous post for the HSA savings calculations and noticed my example was a worst case scenario (my own situation). So, I've rerun the numbers with your original request of 1k expenses. You get a different conclusion than my previous post. 1. Wife on My Low Deductible Plan, no HDHP. 1416...
by bdpb
Sun Nov 16, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: HDHP and Low Deductible Health Plan Coordination of Benefits
Replies: 19
Views: 1728

Re: HDHP and Low Deductible Health Plan Coordination of Bene

I'm in a similar situation for the first time and have been trying to run the numbers myself. I'm new to COB and HSA so triple check my calculations. COB are state regulated. Here is a good example from IL with examples. http://insurance.illinois.gov/HealthInsurance/coord_benefits.asp I'll run your ...
by bdpb
Sat Nov 15, 2014 3:43 am
 
Forum: Personal Finance (Not Investing)
Topic: HDHP and Low Deductible Health Plan Coordination of Benefits
Replies: 19
Views: 1728

Re: Can individual deduct $5000.00 cafeteria if two employer

If it's an FSA, you may be able to contribute up to $2500 to each company's plan.

See the IRS reference in this http://www.bogleheads.org/forum/viewtopic.php?f=10&t=101267&start=50#p2147152.
by bdpb
Fri Oct 31, 2014 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can individual deduct $5000.00 cafeteria if two employers
Replies: 4
Views: 836

Re: Tips on winning a small claims court case in California.

Watch a bunch of Judge Judy episodes.

You'll find live witnesses provide the best chance of winning.
by bdpb
Wed Oct 29, 2014 1:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Tips on winning a small claims court case in California...
Replies: 24
Views: 2832

Re: Hyundai vs. Toyota

Wow, I can't believe all the hate on sonatas here. In almost 70k we haven't done anything other than scheduled maintenance. We originally looked at camrys but preferred the styling and ride of the sonata more. What model year? 70k seems like maybe pre-2011. You're pretty lucky if you never had the ...
by bdpb
Tue Oct 07, 2014 12:40 am
 
Forum: Personal Consumer Issues
Topic: Hyundai vs. Toyota
Replies: 45
Views: 4906

Re: Hyundai vs. Toyota

The latest 2015 Hyundai Sonata is a complete redesign. I'd be wary on buying any new car in the first model year while they work out the bugs. For what it's worth, I bought a new 2011 Hyundai Sonata in the first year of the last redesign and while I initially loved the car some worrisome issues hav...
by bdpb
Mon Oct 06, 2014 8:27 pm
 
Forum: Personal Consumer Issues
Topic: Hyundai vs. Toyota
Replies: 45
Views: 4906

Re: mortgage payoff

How much is your cash, GNMA, TIPS yielding?

Certainly not 3.8%. Do it.

Rebalance in your tax advantaged accounts.
by bdpb
Mon Oct 06, 2014 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: mortgage payoff
Replies: 7
Views: 1059

Re: Just need to vent

My parents are 95 and 96 years old. They have been investing with Edward Jones since 1983, when they sold the family farm. My older sister, who is a CPA, has been helping them with their investments since then. I pulled out of Edward Jones about 8 years ago, after I discovered the Bogleheads. My pa...
by bdpb
Mon Oct 06, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just need to vent
Replies: 16
Views: 3523

Re: Highest Rate 6 month return

Plan on selling our house in about 6 months, and buying a new one. Have near $50K that I would like to Max out over this time frame. I am willing to jump through some hoops, but nothing crazy… …I have most of our money in an Everbank Money Market account earning 1.4% (for 6 months)… Does anybody ha...
by bdpb
Sat Oct 04, 2014 8:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Highest Rate 6 month return
Replies: 11
Views: 1613

Re: Short term investing for down payment

After doing a little more research it turns out we are phased out of the student loan interest tax deduction :? We do have a very good credit score (780+) and I've been thinking about refinancing the car loans since mine is so high. I'm hesitant to put more money into the mortgage payment because I...
by bdpb
Thu Oct 02, 2014 2:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Short term investing for down payment
Replies: 14
Views: 1110

Re: Short term investing for down payment

My wife and I are looking to relocate in the next 2-3 years and want to make sure we're not missing an opportunity to make our money work for us while we keep putting away for the next house. Our target is to have enough for a sizeable down payment on a ~$300-400k house (total house and renovations...
by bdpb
Mon Sep 29, 2014 11:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Short term investing for down payment
Replies: 14
Views: 1110

Re: Roth 401(k) vs. Traditional 401(k)

Check your 401k for "after-tax contributions" and "in-service withdrawals/rollovers to Roth". If not available, beg your employer for it. http://www.bogleheads.org/wiki/401%28k%29#After-tax_401.28k.29 Then contribute 17.5k to deductible 401k plus employer match plus after-tax con...
by bdpb
Mon Sep 29, 2014 10:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) vs. Traditional 401(k)
Replies: 7
Views: 905

Re: Help with company pension lump-sum offer

Lump-sum payment in December 2014: $67,272 Immediate annuity beginning January 2015: $394/month for a single life annuity or $372/month for a joint & 75% survivor annuity. Single life annuity beginning at age 60 in September 2015: $415/month Single life annuity beginning at age 61 in September ...
by bdpb
Mon Sep 22, 2014 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with company pension lump-sum offer
Replies: 7
Views: 925

Re: Student Loan vs 401k dilemma

This would be my priority: #1 Pay monthly living expenses #2 Stable/liquid Emergency Fund (10-12 months) #3 Max his and her’s pre-tax 401k/403b retirement space #4 Pay off student loan debt #5 Contribute Max to Roths #6 Contribute to 529 plans 1 and 2. Obviously. 3. You are in relatively high tax br...
by bdpb
Sat Sep 20, 2014 12:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Student Loan vs 401k dilemma
Replies: 21
Views: 1529

Re: New and Trying to Make Good Decisions

You should check both 401k for the ability to do "after-tax contributions" and "in-service withdrawals". http://www.bogleheads.org/wiki/401%28k%29#After-tax_401.28k.29 This allows for massive Roth contributions. Any debt? Consider paying down debts before taxable investing.
by bdpb
Thu Sep 18, 2014 10:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: New and Trying to Make Good Decisions
Replies: 17
Views: 1289

Re: New - looking for portfolio advice

Roth 401(k) at Fidelity Company matches dollar for dollar up to 6% 50% - Spartan 500 Index Fund – Institutional Class (FXSIX) - 0.04% 20% - Spartan Extended Market Index Fund – Fidelity Advantage Class (FSEVX) - 0.07% 10% - Spartan International Index Fund – Institutional Class (FSPNX) - 0.07% 20% ...
by bdpb
Thu Aug 28, 2014 11:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: New - looking for portfolio advice
Replies: 18
Views: 2064

Re: Where to put money while waiting for 401k

Save enough cash to pay your bills in December and contribute your whole paycheck to the 401k in December.

Reset to your normal pace in January.
by bdpb
Tue Aug 26, 2014 7:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put money while waiting for 401k
Replies: 6
Views: 472

Re: My Portfolio, Simplicity vs Expense Ratio Optimization

Taxable (40k total) 100% Vanguard Total World Stock (VT) (.18%) New annual Contributions 17.5k his 401k Roth with 4.9k pre tax match 5.5k her Roth IRA (Very close to income limitation and not going to backdoor given current IRA, will become more taxable investing at that point) 20k taxable (for ret...
by bdpb
Mon Aug 25, 2014 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Portfolio, Simplicity vs Expense Ratio Optimization
Replies: 7
Views: 1062

Re: Advice on asset allocation not quite entering retirement

My wife and I also own two businesses that pay us a combined $45,000 a year. We are also in the 12 year of buying a commercial property that takes in annual rent of $65,000/year and it will be paid off in 36 months. The tenants of the commercial property are our two businesses. Our current asset al...
by bdpb
Sun Aug 24, 2014 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on asset allocation not quite entering retirement.
Replies: 5
Views: 732

Re: Celebrate the FSA

FYI, many people don't know that there is a flip side to the "use it or lose it" rule. That is if you have a lot of FSA elegible expenses early in the year then you leave your job, then you will be reimbursed for more than was collated. For example if somebody is has schedule $2,500 to be...
by bdpb
Wed Aug 06, 2014 10:24 pm
 
Forum: Investing - Theory, News & General
Topic: Celebrate the FSA
Replies: 69
Views: 11093

Re: Total International still more tax efficient than Total

Do these findings imply reconsideration of the advice typically offered here (to place international equities in taxable account) or is these results more likely an exception to the rule of international equity funds being more tax efficient than domestic equity funds on account of the foreign tax ...
by bdpb
Wed Jan 22, 2014 12:16 am
 
Forum: Investing - Theory, News & General
Topic: Total International still more tax efficient than Total US?
Replies: 31
Views: 2408

Re: Priority of Investment Roth 401 vs (T) 401k

At these tax rates (you didn't mention the state tax), contribute the deductible max to both 401k. Then contribute back-door Roth for her. Is it possible to roll your IRA into your 401k? If so, back-door Roth for you. Then pay down debt. Again, you didn't mention your mortgage rate or school debt ra...
by bdpb
Fri Jan 17, 2014 2:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Priority of Investment Roth 401 vs (T) 401k
Replies: 7
Views: 499

Re: Retirement and Short Term Suggestions

Fed tax rate of 28% and CA of 9.3% is high. Almost everyone will retire in lower tax brackets and/or have other chances to withdraw at lower rates than that. I would follow every rule about tax efficient investing to avoid these taxes. Start with contributing deductible 17.5k to your excellent 401k....
by bdpb
Tue Jan 14, 2014 9:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement and Short Term Suggestions
Replies: 5
Views: 1070

Re: Need advice on investment and AA if forced into early re

Age:52 Work in semiconductor industry under an abusive boss; talked to HR but have no reason to expect any positive outcome; believe myself targeted for layoff within the next 6 months; have tried to find another job for the past 12 months but have no luck thus far (salary, age, over-qualification,...
by bdpb
Sun Jan 12, 2014 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on investment and AA if forced into early retire
Replies: 11
Views: 879

Re: Questions on AA over multiple 401k/IRA accounts

Thanks. I realize that my auto loans are out of whack. It definitely is a lesson learned. My wife and I both make 60k base salary which does not count match or benefits so maybe you are getting at that. I just got 25% from a website. My family will grow next month so it will be hard but maybe I hav...
by bdpb
Sat Jan 11, 2014 10:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions on AA over multiple 401k/IRA accounts
Replies: 6
Views: 587

Re: Questions on AA over multiple 401k/IRA accounts

Debt: Student loans 4.4k ($106/mo), 2 car loans totaling 39k ($739/mo), 219k mortgage ($1653/mo) Tax Filing Status: Married filing jointly this year (we have a baby coming next month so that will change for 2014) Age: Him 29 / Her 26 New annual Contributions $5.4khis 401k including match $12k her 4...
by bdpb
Sat Jan 11, 2014 8:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions on AA over multiple 401k/IRA accounts
Replies: 6
Views: 587

Re: Take tax hit to move to lower cost fund?

Presumably, both funds are the same tax efficiency (given index funds), otherwise this should be in your calculation, too. Are there different tax lots? Are there some lots with less gains? If so, you may only want to sell some of it. Obviously, stop dividend reinvestment. Does selling a portion eac...
by bdpb
Mon Jan 06, 2014 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Take tax hit to move to lower cost fund?
Replies: 12
Views: 864

Re: Beginner looking for feedback

There's no need to feel intimidated, you're doing great.
by bdpb
Mon Jan 06, 2014 9:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beginner looking for feedback
Replies: 8
Views: 800

Re: Portfolio Advice - 29 yo resident with poor 401k funds

^^^ In general, I would agree with PoeticalDeportment about division of assets. In your case I wouldn't worry about it because it should only be a short term (3+ years) imbalance. Presumably, after residency you will be saving a lot more. You will then likely fill up 457, 403, 401 and have taxable s...
by bdpb
Mon Jan 06, 2014 9:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - 29 yo resident with poor 401k funds
Replies: 13
Views: 1096

Re: Advice Request - Paying off Mortgage

You have $150K/year in income; $1.090M in investments/cash; and a $90K mortgage. Borrowing money to buy a house let you save and invest a lot of money in your 30s and 40s. Now, you are in great shape and don't need to continue borrowing money. The mortgage almost becomes a nuisance at this point. I...
by bdpb
Sun Jan 05, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Request - Paying off Mortgage
Replies: 13
Views: 1386

Re: Taking the 3-fund plunge, request review, have some ?s..

bdpb: I've been watching with keen interest all the threads that pop up on the "pay off the mortgage" topic here (which is very often!) because it's definitely an option. It seems to come down to comfort & liquidity. I think I might need to stay more liquid during the move, then consi...
by bdpb
Sun Jan 05, 2014 7:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taking the 3-fund plunge, request review, have some ?s..
Replies: 19
Views: 2120

Re: Newbie about rebalence entire protfolio

I'm sorry. I meant he currently makes $180k but can live on $30k plus what he will get from ss. I'm still missing a couple of things. If he "makes" 180k, he should probably not be in the 28% bracket. Subtract 20k deductions/exemptions. Subtract at least 10k for 401k contributions (which c...
by bdpb
Sun Jan 05, 2014 4:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie about rebalence entire protfolio
Replies: 8
Views: 310

Re: Newbie about rebalence entire protfolio

Thanks for your reply. His income is actually $180k. This is what he is telling me he can live on, modestly. If he is going to live on 180k in retirement and the only income is SS and investments and he expects to use 30k from investments, that would require 150k from SS. There seems to be a discon...
by bdpb
Sun Jan 05, 2014 2:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie about rebalence entire protfolio
Replies: 8
Views: 310

Re: 29yo, $4M Windfall - Need Guidance

1) How is my portfolio of mutual funds doing? What about it should I alter, and what should I leave alone? Please pick it apart for me! 2) What should my asset allocation be? Previously I had been saving for retirement with an age-based allocation of 10% bonds / 90% stocks. Now it seems like retire...
by bdpb
Sun Jan 05, 2014 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: 29yo, $4M Windfall - Need Guidance
Replies: 12
Views: 2286

Re: Newbie about rebalence entire protfolio

Doesn't seem like the tax rate is correct. At 28%, their taxable income would be up around 150k. Unless they lower their standard of living in retirement, with 30k from investments, they would require SS of 120k. I don't think that's possible. You should follow the guidelines in the following post: ...
by bdpb
Sun Jan 05, 2014 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie about rebalence entire protfolio
Replies: 8
Views: 310

Re: Taking the 3-fund plunge, request review, have some ?s..

Debt: Mortgage $296k remaining @ 4.25% (~$2k/mo), planning to move & sell in next 2 yrs. No other debt. Taxable (Vanguard) 15.5% CA tax-exempt MMF, effectively cash, (VCTXX) (0.16%) 3.3% tot bond adm (VBTLX) (0.10%) New annual Contributions Taxable: $3k/year automatic, plus a variable portion o...
by bdpb
Sun Jan 05, 2014 12:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Taking the 3-fund plunge, request review, have some ?s..
Replies: 19
Views: 2120

Re: To payoff mortgage or not

True... and I didn't meant to totally minimize the mortgage interest deduction. I, like the OP, don't quite meet the standard deduction with the interest I pay on my primary mortgage. I do still itemize, because like you say, once I add property tax, sales tax, and all I do still get over teh stand...
by bdpb
Sat Jan 04, 2014 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: To payoff mortgage or not
Replies: 64
Views: 3742

Re: To payoff mortgage or not

BTW, I am still keen on paying it off in the next few years. Also, I am not planning to liquidate my $140k portfolio to pay off the mortgage as some thought (partly my fault). You should reconsider whether selling your taxable account to payoff the mortgage is a good idea or not. If your taxable ac...
by bdpb
Sat Jan 04, 2014 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: To payoff mortgage or not
Replies: 64
Views: 3742

Re: Priority among after-tax 401(k), HSA, back-door Roth and

kcb203 wrote:5) Putting anything else into taxable.


Replace 5 only.
by bdpb
Thu Jan 02, 2014 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Priority among after-tax 401(k), HSA, back-door Roth and 529
Replies: 2
Views: 251

Re: Wife's 401k help

On a related note, my wife has ~200k available to rollover from a previous employer. She can't leave it with them due to conflict of interest issues. Is this 401k plan worth rolling into or should she roll to an IRA. Would eliminate her backdoor ROTH availability. http://www.bogleheads.org/forum/vi...
by bdpb
Mon Dec 30, 2013 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wife's 401k help
Replies: 5
Views: 630

Re: Newbie Here, 401k and Roth Guidance Requested

Tax Rate: I make $50-$55 K a year so I’m in the %25 tax bracket. I’m in Colorado so I also pay a %4.63 State Income tax. New annual Contributions 401K: It looks like I’ll be contributing about $500 a month, including the employer match. So about $6000 annually. Roth IRA: I’ll be contributing $230 a...
by bdpb
Mon Dec 23, 2013 8:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie Here, 401k and Roth Guidance Requested
Replies: 8
Views: 626

Re: BogleHead Financial Jury Evaluation

justsavemore wrote:Age:49

New annual Contributions
$17,500 his 401k (plus 4% employer matching)
$5,000 his Roth IRA
$10,000 taxable


If you turn 50 in 2014, you can make catch-up contributions to 401k and IRA, another $5500 and $1000, respectively.
by bdpb
Sat Dec 21, 2013 10:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: BogleHead Financial Jury Evaluation
Replies: 7
Views: 911

Re: Have a few really bad losses back from 2007

I have a 7k gain right now in my taxable account. I was planning to sell 7k in losses to offset the gains. The remaining losses I was going to sell off next year to offset next years gains. These were purchased back in 2007. I now have index funds. We all make mistakes when we first start out inves...
by bdpb
Sat Dec 21, 2013 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Have a few really bad losses back from 2007
Replies: 13
Views: 782

Re: Have a few really bad losses back from 2007

Depending on your tax situation, it may make sense to sell these after Jan 1, 2014. If you have no carryover losses and no significant gains this year, you should pay CG tax on your current gains at 15% or 0%. Then, sell your losers in 2014 and take the CG loss at your marginal tax rate of 25% or 15%.
by bdpb
Sat Dec 21, 2013 1:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Have a few really bad losses back from 2007
Replies: 13
Views: 782

Re: Max 403b or backdoor Roth?

Doesn't seem like it should be an either/or question. If you are going to be in the 33% bracket, you should have plenty of income to: Max your 403b Max your Roth Max your HSA Spouse max 403b/401k Spouse max Roth Spouse max HSA pay down school debt pay down mortgage debt use 529 finally, taxable inve...
by bdpb
Sat Dec 21, 2013 12:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Max 403b or backdoor Roth?
Replies: 13
Views: 849

Re: Near-identical Accounts

Your suggestions make perfect sense to me. One of my other concerns was whether using the same fund in taxable and tax-advantaged accounts was considered an investment faux pas. Since your recommendations make use of this very strategy I assume it is quite acceptable. Having at least one overlappin...
by bdpb
Tue Dec 17, 2013 10:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Near-identical Accounts
Replies: 3
Views: 461

Re: Near-identical Accounts

4. I like the idea of a three fund portfolio. However, I believe I can take on a little more risk and would like to increase my exposure to small-caps beyond what the Vanguard Total U.S. Stock Market Index Fund allocates. 5. Since I am a huge fan of simplicity, The "However" part of 4 doe...
by bdpb
Tue Dec 17, 2013 3:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Near-identical Accounts
Replies: 3
Views: 461

Re: Gifting stock to family

hicabob wrote:Vanguard requires you go through the Medallion Signature process to do the same, but other than that it's straightforward enough.


If you sign up for Voice Verification you do not need a Medallion Signature.
by bdpb
Sat Dec 14, 2013 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting stock to family
Replies: 10
Views: 510

Re: New investor - 403(b), 401(k), Roth IRA

Tax Rate: 15% Federal, 5% State State of Residence: IL 3. Since I am going to max my Roth IRA for 2013, how soon should I max it out for 2014? My goal is to have 3 funds as soon as possible. Which 3 should they be? Year to year, should I prioritize seeking to diversify (to bonds, REITs) or invest t...
by bdpb
Wed Dec 11, 2013 8:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Physician Investor - Retirement Planning
Replies: 2
Views: 418
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