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Re: Experiences with Eli Lilly Credit Union for HSA?

Where is the $24 deducted from, the HSA account or the regular account? It's not a medical expense, is it? It's deducted from the HSA account. I attempted to transfer my entire account balance over to TD Ameritrade and they canceled the entire transfer since there wasn't enough money left in the HS...
by jaj2276
Mon Apr 28, 2014 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 13708

Re: Does 529 really hurt the chance to get financial aid?

This may duplicate sscritic's linked information but FWIW I scanned this simplified college cost formula from an article in the Forbes 2014 Investment Guide. It should focus you on the key aspects. http://imageshack.com/a/img836/9301/stwo.gif JW Wow, that's a great concise and clear summary of what...
by jaj2276
Tue Apr 22, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 66
Views: 5376

Re: Experiences with Eli Lilly Credit Union for HSA?

$24 for funding once a year and transferring once a year still beats $66 fee by HSA Bank. I'm going to write to them and ask them to consider doing the transfers by ACH. Sure except I contribute monthly and now I'm going to have to have a full year's worth of contributions sitting in their bank acc...
by jaj2276
Mon Apr 21, 2014 8:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 13708

Re: Town home, good or bad idea?

Add one more to the DO NOT BUY club, regardless of whether it's with or without your cousin. I'm all for shortening your commute (for 3 yrs I had 1.5 hr commute one-way) but you should do so by renting. You're too young to buy because the opportunities you have right now (even if you believe there a...
by jaj2276
Mon Apr 21, 2014 2:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Town home, good or bad idea?
Replies: 21
Views: 1766

Re: Experiences with Eli Lilly Credit Union for HSA?

$24 for funding once a year and transferring once a year still beats $66 fee by HSA Bank. I'm going to write to them and ask them to consider doing the transfers by ACH. Sure except I contribute monthly and now I'm going to have to have a full year's worth of contributions sitting in their bank acc...
by jaj2276
Fri Apr 18, 2014 12:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 13708

Re: Experiences with Eli Lilly Credit Union for HSA?

$24 for funding once a year and transferring once a year still beats $66 fee by HSA Bank. I'm going to write to them and ask them to consider doing the transfers by ACH. Sure except I contribute monthly and now I'm going to have to have a full year's worth of contributions sitting in their bank acc...
by jaj2276
Fri Apr 18, 2014 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 13708

Re: Experiences with Eli Lilly Credit Union for HSA?

I believe I just saw that ELFCU now charges $24 (!!!) to transfer money from their HSA Bank Account to the TD Ameritrade account. From the page/tab on which one requests to Transfer Money: --- [snip] --- Elfcu will now assess a $24.00 fee for all outgoing wire transfers. Please be aware of this fee ...
by jaj2276
Fri Apr 18, 2014 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 13708

Re: Experiences with Eli Lilly Credit Union for HSA?

In my case, I elected to continue my HSA plan via Cobra so I could contribute the full amount. As someone already answered, you dont need to be employed to contribute to an HSA, just covered by a HDHP.
by jaj2276
Thu Apr 10, 2014 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 13708

Re: I accidentally discovered a coworkers salary... now what

It seems obvious that your concern is with #2 and not #1. If you found her W-2 and made more than her, I doubt you would have made the post here. You likely would have already sent her a note (or sent the note to a group of people including her) saying that personal documents shouldn't be kept on th...
by jaj2276
Fri Apr 04, 2014 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 5934

Re: Potential Move - NYC to Charleston SC

OP, I made your exact move 6 years ago after living in Manhattan (3 yrs) and Long Island (3 yrs). I'm not a native New Yorker (and don't know if you are) so moving FROM New York (to anywhere) was very appealing. Needless to say, I love it and can't imagine not living here. Mt Pleasant is a great are...
by jaj2276
Fri Apr 04, 2014 6:48 pm
 
Forum: Personal Consumer Issues
Topic: Potential Move - NYC to Charleston SC
Replies: 16
Views: 1616

Re: HSA Tax Question

What exactly do you mean by "less than the full contribution amount allowed by the IRS." ? Since you only had the plan for 3/12 of the year (i.e. 25%), then you're only eligible to contribute 3/12 of the 2013 contribution limits ($3250 for single, $6450 for family). So in your case, it wou...
by jaj2276
Tue Apr 01, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA Tax Question
Replies: 3
Views: 250

Re: Leaving 401k money at previous employer

Right, I guess I wasn't clear in my original email that the reason I wouldn't want #3 or #4 is because I would have to pay taxes to continue my backdoor Roth contributions. Option #2 was going to be my choice as long as the expense ratios were close to Vanguard's. Theyr'e not. It helps that my old 4...
by jaj2276
Thu Mar 27, 2014 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Leaving 401k money at previous employer
Replies: 9
Views: 734

Leaving 401k money at previous employer

I currently have around $250k in my previous employer's 401k. In addition to that account, I have a Roth IRA account that I contribute to each year via the backdoor Roth (so I also have a traditional IRA that has a zero balance). I had planned on rolling over my previous employer's 401k $$ into my c...
by jaj2276
Thu Mar 27, 2014 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Leaving 401k money at previous employer
Replies: 9
Views: 734

Re: TaxAct Backdoor IRA 2014 Methodology - From TaxAct

The OP seems to have posted an answer that includes backing out of some moves that he already made (i.e. deleting the Roth contributions). stuff deleted OP here - no I just did a straight up backdoor Roth, so I didn't back out of any moves. **EDIT - It is very likely the "delete" instruct...
by jaj2276
Wed Mar 19, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: TaxAct Backdoor IRA 2014 Methodology - From TaxAct
Replies: 7
Views: 545

Re: TaxAct Backdoor IRA 2014 Methodology - From TaxAct

The OP seems to have posted an answer that includes backing out of some moves that he already made (i.e. deleting the Roth contributions). This year I used TaxAct for the first time and the Backdoor Roth IRA process was very simple. You enter your non-deductible tIRA contribution. That has no impact...
by jaj2276
Wed Mar 19, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: TaxAct Backdoor IRA 2014 Methodology - From TaxAct
Replies: 7
Views: 545

Re: 2013 TurboTax: Which Product? New Rules?

Mr. Meighan, I wanted to let you (and by proxy Intuit/TurboTax) know that I have switched from TurboTax to TaxAct this year. I did so for two reasons: 1) I do not need any help in entering stock sales so having to purchase the Premiere version for this seems absurd. 2) After realizing that I didn't ...
by jaj2276
Wed Feb 19, 2014 10:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2013 TurboTax: Which Product? New Rules?
Replies: 302
Views: 31456

Re: Experiences with Eli Lilly Credit Union for HSA?

I opened up an HSA account at ELFCU late last year after I separated from my job but hadn't yet fully funded my HSA for the year. I'm not from Indiana. I opened and funded the account from my credit card (~$625). I needed no additional verification. I then filled out the transfer funds form. As supe...
by jaj2276
Wed Feb 12, 2014 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 13708

Re: Can whole life ever beat regular [conservative] investin

From reading every single one of these threads (I find them fascinating for some reason), I think it's likely (although not certain) that your dad's policy is a good one *now* but only because he's 30 years into the policy. Which leads me to my question. Is there a way to find out what historical te...
by jaj2276
Sat Feb 08, 2014 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can whole life ever beat regular [conservative] investing?
Replies: 12
Views: 746

Re: High Earners - What's Your Profession?

As a totally different anecdote, my wife is a teacher where we live and looking at her salary schedule, she'll never hit $100k/yr (and won't even come close). But I look at the hours she works (7-3, 9 months of year) and the benefits she gets and I think she's getting a good deal. If I were a teach...
by jaj2276
Mon Jan 13, 2014 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28298

Re: Razors are getting expensive

Ha, I had this exact same thought when I went to walmart the other day. I just started on my last mach 3 blade and so knew I needed blades soon. When I got to the aisle (I hadn't bought blades in years because I had received them as stocking stuffers, etc.), and saw that they were $15 for a 5 pack, ...
by jaj2276
Sun Jan 12, 2014 7:24 pm
 
Forum: Personal Consumer Issues
Topic: Razors are getting expensive
Replies: 22
Views: 1547

Re: High Earners - What's Your Profession?

Software engineer. I've made well over $100k for the past 10 years. To the OP, and I have no idea your aptitude or desire, but a software engineer (i.e. a programmer or someone in management, not an IT help desk person) is a really good way to hit the $100k level regardless of where you live. Obviou...
by jaj2276
Sun Jan 12, 2014 7:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28298

Re: Critique of an actively managed fund

It has an interesting performance chart, (similar to Wellington), but the objectives of this fund are to seek very short-term reward with undervalued stocks without regard for the long-term. It is a contrarian fund. I'll stick with indexing. The fund's statement of objectives: http://www.fpafunds.c...
by jaj2276
Fri Jan 03, 2014 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Critique of an actively managed fund
Replies: 17
Views: 1060

Re: Critique of an actively managed fund

One of the funds top 5 holdings is a long position in US treasuries. It looks like that position has worked out well so far but I shouldn't have to explain the risk involved. If you want to compare returns, look at Wellington which has a similar return profile with substantially less risk. How are ...
by jaj2276
Fri Jan 03, 2014 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Critique of an actively managed fund
Replies: 17
Views: 1060

Re: Critique of an actively managed fund

I guess a side question is, regarding active vs passive investing, how long of a time frame should one care about when considering returns. I would only care about future time periods, which history has told us don't look so rosy for your average active fund. Basically I wonder how much underperfom...
by jaj2276
Fri Jan 03, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Critique of an actively managed fund
Replies: 17
Views: 1060

Critique of an actively managed fund

Anyone care to opine on the following fund, FPA Crescent (FPACX - http://finance.yahoo.com/q?s=FPACX%2C+&ql=1)? I am a believer in indexing but a co-worker of mine alerted me to this fund (he holds it of course) and after looking at it and its performance from 97 to now, it really seems to be a ...
by jaj2276
Fri Jan 03, 2014 6:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Critique of an actively managed fund
Replies: 17
Views: 1060

Re: Variable Percentage Withdrawal (VPW)

... Stuff deleted ... Hi jaj2276, A higher allocation to equities brings higher volatility. This is why the spreadsheet provides some important information: ⋅  Minimum withdrawal during the simulation. ⋅  Worst withdrawal drop during the simulation. ⋅  Worst nominal wi...
by jaj2276
Thu Jan 02, 2014 9:54 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 454
Views: 48197

Re: What was your 2013 return?

13.37% 10% Precious Metals (half gold, half silver). -- Worst account was my precious metals which lost 29%. Ouch, are you staying the course in 2014? Yep, I plan to buy some gold/silver this week or next once all my year-end distributions make it in to my checking account. This is typically how I ...
by jaj2276
Thu Jan 02, 2014 9:00 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 9159

Re: Variable Percentage Withdrawal (VPW)

First of all, thanks for everyone who's contributed to this thread. Thanks of course to longinvest for actually making (and continuing to enhance) the spreadsheet. My one comment is that this spreadsheet makes me think that I'm being too conservative in my asset allocation as I'm making my way towar...
by jaj2276
Wed Jan 01, 2014 8:12 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 454
Views: 48197

Re: What was your 2013 return?

13.37% Allocation is 42% US equities, 21% Intl equities, 27% Bonds, 10% Precious Metals (half gold, half silver). -- Net worth increased by 25.4%. -- Entered the two-comma club for the first time this year. -- Saved 35% of gross income. -- My investing gains, just barely, were bigger than my contrib...
by jaj2276
Wed Jan 01, 2014 7:26 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 9159

Re: Bogleheads 2014 Hedge fund contest

My Labs Are Better Stock Pickers Hedge Fund

Long:
PSEC
LGF

Short:
YELP
CRL
by jaj2276
Sat Dec 28, 2013 5:11 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads 2014 Hedge fund contest
Replies: 152
Views: 11950

Re: How many folks have a dog?

I have two labs (not rescues), 3 yrs and 6 yrs. We have no kids (I'm 37 and she's 32). I had dogs when I was younger but went a long time (high school until 7 yrs ago) without having them. I'll never not have one again. Are they at times inconvenient and/or annoying? Yes, but I couldn't imagine not ...
by jaj2276
Wed Dec 25, 2013 2:36 pm
 
Forum: Personal Consumer Issues
Topic: How many folks have a dog?
Replies: 112
Views: 7184

Re: Did I Choose Wrong? Defined Benefit vs Defined Contribut

You probably won't know whether you made the right/wrong choice until much later in your life. I, like you did, would have gone with the DC option when starting out. I didn't get an option and so was "forced" to take the DC plan. When my now wife got her job a few years ago, she too had an...
by jaj2276
Sun Dec 15, 2013 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Did I Choose Wrong? Defined Benefit vs Defined Contribution
Replies: 14
Views: 1316

Re: Maxing out 403b, 457, and 401a?

This is more of a general question. I have a 403b, 457 and a 401a through work. I am currently maxing out both my 403 and 457 (~17k each, for a total of ~34k). I am a year into my job, and I have 2 years from my date of hire to decide to make a contribution to the 401a. However, once i choose to co...
by jaj2276
Sat Dec 07, 2013 10:52 pm
 
Forum: Investing - Theory, News & General
Topic: Maxing out 403b, 457, and 401a?
Replies: 6
Views: 663

Re: Costco AMEX Rewards Check Error

Can someone post the phone number they received on their letter? I got one last week too but didn't realize there was a check attached to it. I promptly threw mine away so I'm wondering how much mine was and whether I can get a check (if it's worth it).
by jaj2276
Fri Nov 29, 2013 1:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Rewards Check Error
Replies: 25
Views: 4192

Re: 250k Student Loan Payment Schedule

I think he is confused because he specifically said somewhere in New Jersey along the path. While Newark and Harrison are on the path, every other stop is in Jersey City or Hoboken and consequently during prime commuting hours likely to be within 45 mins of most of midtown (edit: and as you note in...
by jaj2276
Wed Nov 06, 2013 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: 250k Student Loan Payment Schedule
Replies: 47
Views: 4947

Re: 250k Student Loan Payment Schedule

You should live in New Jersey, somewhere along the Path, so you don't have to pay NYC income tax. People living in Bronx, Queens, Brooklyn, Manhattan, Staten Island (?) all have to pay it (i.e. it's not just Manhattan). This amounts to around 3% of your income. That amount right there is a Roth IRA...
by jaj2276
Wed Nov 06, 2013 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: 250k Student Loan Payment Schedule
Replies: 47
Views: 4947

Re: 250k Student Loan Payment Schedule

You should live in New Jersey, somewhere along the Path, so you don't have to pay NYC income tax. People living in Bronx, Queens, Brooklyn, Manhattan, Staten Island (?) all have to pay it (i.e. it's not just Manhattan). This amounts to around 3% of your income. That amount right there is a Roth IRA ...
by jaj2276
Tue Nov 05, 2013 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: 250k Student Loan Payment Schedule
Replies: 47
Views: 4947

Re: Do sweep accounts require minimum balances at Vanguard?

I ran into this exact same issue with Vanguard earlier in the year. I even wrote them about it and they confirmed this is how it's expected (at least from their perspective) to work. The issue isn't the sweep account balance when distributions are paid, it's the sweep account balance when you *elect...
by jaj2276
Thu Oct 31, 2013 9:55 am
 
Forum: Investing - Theory, News & General
Topic: Do sweep accounts require minimum balances at Vanguard?
Replies: 32
Views: 2181

Re: Timeshare Buyout Question

Ask yourself this. If you didn't have a timeshare, would you ever buy a timeshare for investment purposes? If no, then there's no reason to *keep* a timeshare for investment purposes. However, let's look at it from an investment purpose with GUARANTEED numbers. 1) You pay $8,577 now (the money you f...
by jaj2276
Thu Oct 31, 2013 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Timeshare Buyout Question
Replies: 18
Views: 1553

Re: Timeshare Buyout Question

Ya, seems like option A is the obvious choice.

What are the rules for "inheriting" a timeshare. I mean I wouldn't want to be given anything that required me to pay out a yearly fee. Is the person inheriting the timeshare allowed to reject it and give it back to the owner of the property?
by jaj2276
Wed Oct 30, 2013 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Timeshare Buyout Question
Replies: 18
Views: 1553

Re: Bogleheads' "Rags to Riches" Stories

This is my 2nd attempt at responding. I got about half way through the first time and felt vain. After reading someone mention "financial voyeurism" in an earlier post, I too like that aspect of this board and so here goes my contribution. First thing I can remember is living in a 3br/1bat...
by jaj2276
Sun Oct 27, 2013 5:30 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads' "Rags to Riches" Stories
Replies: 107
Views: 14889

Re: Shiller Thinks Owning a Home is a Terrible Investment

I learned long ago not to look at my home as an investment, but rather as a lifestyle choice. I agree. I don't even bother including it when calculating our personal net worth. (Yeah, I know...) +1 I actually do include my home, but only the amount of principal I've paid down (down payment + monthl...
by jaj2276
Thu Oct 17, 2013 7:27 am
 
Forum: Investing - Theory, News & General
Topic: Shiller Thinks Owning a Home is a Terrible Investment
Replies: 255
Views: 21302

Re: David Weekley homes - Building New Home / Negotiation

I wouldn't want to be the cheapest house in the neighborhood. Actually that's exactly what you want, economically speaking. That might not suit your ego or pride, but you want the higher values of the other homes to bring your house's value up as opposed to the lower value of other houses bringing ...
by jaj2276
Mon Oct 14, 2013 4:12 pm
 
Forum: Personal Consumer Issues
Topic: David Weekley homes - Building New Home / Negotiation
Replies: 14
Views: 1606

Re: No need to convert entire IRA for backdoor ROTH?

original post deleted Your result is correct in that you pay tax on $8640. The timing and multiple transactions have almost no affect. The rules don't track things by date, they only look at the aggregate during the year. If you want to check this yourself you can look at IRS form 8606 http://www.i...
by jaj2276
Tue Oct 08, 2013 7:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: No need to convert entire IRA for backdoor ROTH?
Replies: 25
Views: 1206

Re: No need to convert entire IRA for backdoor ROTH?

I'm going to slightly hijack this thread because it seems like there's a lot of people viewing this thread. Back in 2010 I converted my rollover IRA into a Roth (62k) and then made my backdoor Roth contributions for 2009 and 2010. I paid taxes on the 62k spread out over 2011 and 2012 (a one-time dea...
by jaj2276
Tue Oct 08, 2013 4:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: No need to convert entire IRA for backdoor ROTH?
Replies: 25
Views: 1206

Re: Have you ever been to Charleston, SC?

I live in the Charleston area and love it. Since you have kids, I highly recommend The Center For Birds of Prey. http://www.thecenterforbirdsofprey.org/ . It's about 15-20 miles north (east) of downtown Charleston. We went there a few months ago and it was awesome. Live bird demonstrations where you...
by jaj2276
Wed Oct 02, 2013 4:58 pm
 
Forum: Personal Consumer Issues
Topic: Have you ever been to Charleston, SC?
Replies: 16
Views: 1001

Re: Disability Insurance Questions

<Fantastic information deleted> There are other minor differences, but those are some of the major ones. I'm not sure why your agent quoted you the Omni Advantage product instead of Income Guard unless you are in a state where IG hasn't been approved yet. The IG policy is superior in every way vers...
by jaj2276
Thu Aug 29, 2013 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance Questions
Replies: 18
Views: 1508

Re: LASIK

I had the procedure done in 1999. My vision was horrible (-5 one eye, -5.25 another). I wore contacts from 7th grade up to when I had it done. My procedure also wasn't bladeless (i.e. the cornea was cut with an actual blade and then the laser reshaped the cornea). I think now everything is done with...
by jaj2276
Thu Aug 29, 2013 3:17 pm
 
Forum: Personal Consumer Issues
Topic: LASIK
Replies: 14
Views: 946

Re: Disability Insurance Questions

MetLife has a new product called Income Guard which is much more comparable to what Guardian offers and is now one of the best DI policies on the market. Principal's policy is good, but not as good as Guardian, MetLife, or Standard IMO. Mass Mutual also has a very good DI policy. Your policy should...
by jaj2276
Wed Aug 28, 2013 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance Questions
Replies: 18
Views: 1508
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