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Re: Car purchase: Buy or Finance

After I received the quotes, I responded that I would come in to test drive the car and if I liked it... This seems backwards to me, what's the point of getting a quote without first deciding what car you want? I'd always drive and decide what car first, before getting to a final price. Anyway, the...
by jeffyscott
Sat Dec 20, 2014 4:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car purchase: Buy or Finance
Replies: 16
Views: 1038

Re: How do you define "being rich"?

Personally I think too many people are trying to make being rich a spiritual thing. I agree. I understand why some say things like "being happy" or "it's more than about money", but it's not. It is the opposite, it's being happy or content that is about more than money. (Yes, th...
by jeffyscott
Sat Dec 20, 2014 3:17 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 64
Views: 2611

Re: HSA question

It's only beneficial to leave the money in if you are able to max out all other tax deferred savings, while still having enough other income to pay medical bills.

https://www.bogleheads.org/wiki/HSA#How_to_use_the_plan
by jeffyscott
Sat Dec 20, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 12
Views: 1114

Re: How do you define "being rich"?

In the US the median income is around $50,000 also that is an income at which most people are pretty satisfied, according to things like: http://business.time.com/2012/04/19/why-50000-may-be-the-new-happiness-tipping-point/ Assuming a 3-4% withdrawal rate is sustainable, would mean about $1.2 to $1...
by jeffyscott
Sat Dec 20, 2014 12:43 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 64
Views: 2611

Re: How do you define "being rich"?

Personally, I think it is inappropriate to measure one's wealth versus that of people in 3rd world and developing countries. Depends on how it's done... But, I mostly used that link because there was no easily found calculator for just the US :) . $3,000,000 is still in the top 2% or so of the US, ...
by jeffyscott
Sat Dec 20, 2014 12:40 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 64
Views: 2611

Re: How do you define "being rich"?

In the US the median income is around $50,000 also that is an income at which most people are pretty satisfied, according to things like: http://business.time.com/2012/04/19/why-50000-may-be-the-new-happiness-tipping-point/ Assuming a 3-4% withdrawal rate is sustainable, would mean about $1.2 to $1....
by jeffyscott
Sat Dec 20, 2014 12:29 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 64
Views: 2611

Re: How do you define "being rich"?

I would have a hard time coming up with a simple binary definition of rich/not rich, because this implies some sort of bright line. Am I not rich at $499,999 but then rich with one more dollar at $500,000? I find it easier to just say if one is in the wealthiest 20%, 10%, 5%, 1% or whatever of the U...
by jeffyscott
Sat Dec 20, 2014 12:08 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 64
Views: 2611

Re: HSA question

I never planned on taking money out That would be the loophole, using the HSA as an IRA (what I assume you mean). Paying medical expenses each year is not a loophole, it is the purpose of an HSA. If I have $5000 in medical expenses each year, then I can pay that $5000 from the HSA each year. I can ...
by jeffyscott
Sat Dec 20, 2014 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 12
Views: 1114

Re: Car purchase: Buy or Finance

The best rate I can found is 0.74% for 36 months. I assume that is some kind of promotional rate from the manufacturer. Typically this is going to be in exchange for giving up a rebate (or dealer incentive). If it is a rebate of $2000, for example, then you can use a loan calculator to figure out w...
by jeffyscott
Sat Dec 20, 2014 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Car purchase: Buy or Finance
Replies: 16
Views: 1038

Re: Can I convert a Roth to a Trad IRA? Should I?

Seems so, I don't know much about it...just enough to think of searching for "roth recharacterization" :happy , and find that: "an individual may recharacterize a Roth IRA contribution to a Traditional IRA contribution". http://www.investopedia.com/articles/retirement/03/092403.asp
by jeffyscott
Sat Dec 20, 2014 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I convert a Roth to a Trad IRA? Should I?
Replies: 6
Views: 430

Re: Checking account. Safety

Due to my own stupidity, I recently wrote 3 checks to the wrong address. I assume this means you mailed the checks to the wrong address. If so, they may come back unopened. If the post office were to deliver mail to my address with someone else's name on it and it was not just junk mail, I'd write ...
by jeffyscott
Sat Dec 20, 2014 9:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Checking account. Safety
Replies: 4
Views: 386

Re: How do you factor entitlements into your investing plan?

Funny that people seem most bothered by using the term "entitlement" to describe the things they feel most entitled to :? .
by jeffyscott
Sun Dec 14, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you factor entitlements into your investing plan?
Replies: 50
Views: 3984

Re: Florida Keys Vacation Rental

We enjoyed a week long stay at this place, in the area you are looking at, several years ago: http://www.sunsetvillas.com/
by jeffyscott
Sun Dec 14, 2014 8:23 am
 
Forum: Personal Consumer Issues
Topic: Florida Keys Vacation Rental
Replies: 24
Views: 2203

Re: iPad Purchase - Online vs Store

Legally you generally owe sales tax for online purchases, the mode of collecting may just be different. Since the sales tax for online purchases may be collected by the honor system, what is really occurring is you are easily able to get away with tax fraud. Just sayin'... My state tax forms require...
by jeffyscott
Sat Dec 13, 2014 12:05 pm
 
Forum: Personal Consumer Issues
Topic: iPad Purchase - Online vs Store
Replies: 24
Views: 1618

Re: iPad Purchase - Online vs Store

I don't know how the prices compare, but Costco now has iPads. Could be worth buying there if you are a member, due to 90 day return policy.

We are not an Applephiles but bought Android tablets at Costco due to that return policy. Price was also as good or better than elsewhere.
by jeffyscott
Sat Dec 13, 2014 10:29 am
 
Forum: Personal Consumer Issues
Topic: iPad Purchase - Online vs Store
Replies: 24
Views: 1618

Re: Best travel rewards card for my unique situation

I think airline FF points can often also be used for hotels. I am not sure what the value is when used that way. I only looked at this once and using Southwest points for hotel seemed less valuable than using for flights, so for us this did not make sense. Anyway the point being you could still bene...
by jeffyscott
Sat Dec 13, 2014 10:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Best travel rewards card for my unique situation
Replies: 11
Views: 1504

Re: How do you factor entitlements into your investing plan?

Obviously this this depends heavily on how far away one is before they are eligible, so I'm especially interested in those who have a long time (30+ years) before they could even start taking most of these benefits. Do you factor entitlement benefits into your plans? Not in that group, more like 10...
by jeffyscott
Sat Dec 13, 2014 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you factor entitlements into your investing plan?
Replies: 50
Views: 3984

Re: Credit card sign-on bonuses -- worth the trouble?

But how do people spend so much (3k in 2 months) to get the bonuses? Especially if you apply more than 1 at a time? I do see the rewards but I dont know if I have the time to go through the hoops. That is one reason I dont go to Fat wallet site because there are some crazy methods mentioned out the...
by jeffyscott
Fri Dec 12, 2014 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit card sign-on bonuses -- worth the trouble?
Replies: 83
Views: 5907

Re: Options with inheriting 403b

I can't remember if we setup any beneficiaries on the account, but my parents left a living trust, so I'm assuming there shouldn't be any issues getting the money out. I'm the executor of the account and I'd like to split the assets in this account 50/50 with my brother. I know that if an account h...
by jeffyscott
Wed Dec 10, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Options with inheriting 403b
Replies: 2
Views: 220

Re: Why do target date funds get so bond heavy?

The 4% rule was never ment to be followed rigidly. It provides a guideline to about how much money you can take out of a portfolio with a 95% success rate. It was expect that people would adapt to their exact situation. More importantly, I think, it is a guideline to determine if you have "eno...
by jeffyscott
Wed Dec 10, 2014 1:28 pm
 
Forum: Investing - Theory, News & General
Topic: Why do target date funds get so bond heavy?
Replies: 39
Views: 2700

Re: What's wrong with VTIAX?

The propensity to look at components of a portfolio in isolation is one reason why I sometimes think it is better to have blended funds. For example one fund I have is Dodge and Cox Global Stock and have come to kind of like that they make the allocation decisions (within bounds), it is easier for m...
by jeffyscott
Wed Dec 10, 2014 8:28 am
 
Forum: Investing - Theory, News & General
Topic: What's wrong with VTIAX?
Replies: 63
Views: 7442

Re: Can I contribute to a HSA

I don't think co-pays disqualify, if you have to pay the deductible first. If he must pay the $1500 deductible and then only after that there is a $30 copay, then I would think that would not disqualify it. If it is $30 copay from the start, then it would be disqualified based on that. My HSA qualif...
by jeffyscott
Sun Dec 07, 2014 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Can I contribute to a HSA
Replies: 8
Views: 640

Re: Real Return/Risk Assumptions

When considering the risk needed to get real returns, it is a hostile investing environment. It is impossible to obtain real returns by limiting risk to only fixed income investments, unless you accept extreme term or credit risk. ... What do you consider the lowest risk strategy today for an expec...
by jeffyscott
Sun Dec 07, 2014 11:12 am
 
Forum: Investing - Theory, News & General
Topic: Real Return/Risk Assumptions
Replies: 5
Views: 636

Re: Why do target date funds get so bond heavy?

"Safe withdrawal rate" studies are particularly sensitive to one key assumption, and usually they sneak it in without saying too much about it: what IS the acceptable failure rate? You can go around and around on this, because on the one hand, there are probably few people who would be ha...
by jeffyscott
Sun Dec 07, 2014 10:47 am
 
Forum: Investing - Theory, News & General
Topic: Why do target date funds get so bond heavy?
Replies: 39
Views: 2700

Re: Can I contribute to a HSA

HSA qualified plan must have no services paid for prior to meeting deductible (except for preventive care). Perhaps the plan has coverage that disqualifies it, such as first dollar coverage of Rx with a copay?

http://www.msainfo.net/reports/most-hig ... ified.html
by jeffyscott
Sun Dec 07, 2014 10:24 am
 
Forum: Investing - Theory, News & General
Topic: Can I contribute to a HSA
Replies: 8
Views: 640

Re: Retirement Planning: Estimating Med-Insurance Costs

I may be a little conservative, but I've budgeted an unsubsidized ACA plan (bumped up by 25% because I don't know where HC is going) plus the Out of Pocket Max per year. For DH (age 56) and I (age 52) in Fl that comes to $26k / year. Similar ages, different state, and less conservative :happy . I u...
by jeffyscott
Sun Dec 07, 2014 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning: Estimating Med-Insurance Costs
Replies: 12
Views: 924

Re: Break-even point for an HSA plan

Assuming a 25% marginal tax bracket (no state deduction assumed for CA), this saves 25% of $4,550 = $1,137.50 in federal taxes. I think that savings depends on what you would be doing if you had the alternative plan. Would the $4550 go into a 401K giving you a current deduction of 25% and, perhaps,...
by jeffyscott
Sun Dec 07, 2014 9:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Break-even point for an HSA plan
Replies: 3
Views: 579

Re: Withdrawing from Traditional vs. Roth "buckets"

Employer plans may treat everything as one account; check with the rules for your own plan. For example, in the US Government's Thrift Savings Plan, you have traditional and Roth balances, but they are allocated together; if the account is 25% traditional money, then a $10,000 withdrawal will be 75...
by jeffyscott
Sun Dec 07, 2014 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Withdrawing from Traditional vs. Roth "buckets"
Replies: 9
Views: 675

Re: 54 with potential ER at 55-- Dreaming?

It may help to think of your mortgage as being offset by a chunk of the 401K. If you have a 130K mortgage at retirement, subtract about 160K from the effective value of your 401K (allowing for income taxes). You could draw the whole 160K out at once when you retire to pay off the mortgage, but you ...
by jeffyscott
Sat Dec 06, 2014 10:21 am
 
Forum: Personal Finance (Not Investing)
Topic: 54 with potential ER at 55-- Dreaming?
Replies: 20
Views: 2948

Re: 54 with potential ER at 55-- Dreaming?

I have a very similar situation, but planning on retirement at 57. In my pension system you can collect at 55, but there is a substantial increase (around 18%) for going to 57 then not much after that (similar to you about $100 per month for each additional year). I made a spreadsheet with conservat...
by jeffyscott
Sat Dec 06, 2014 9:58 am
 
Forum: Personal Finance (Not Investing)
Topic: 54 with potential ER at 55-- Dreaming?
Replies: 20
Views: 2948

Re: Credit card sign-on bonuses -- worth the trouble?

Personally I have a bit of a moral aversion to churning credit cards, ie taking $400+ sign up bonuses and cancelling over and over... Well, if the big banks like Chase don't like it they are free to change their policies as Amex (one bonus per lifetime) has now done. Until they do, I will keep on c...
by jeffyscott
Sat Dec 06, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit card sign-on bonuses -- worth the trouble?
Replies: 83
Views: 5907

Re: High quality winter sock

Those must be the same ones I had mentioned, I didn't remember the price...of course, I now realize that I could have easily found it :happy Oops, I must have been skimming too much. Didn't see your post the first time. I'm actually wearing a pair of my older ones right now! No problem, looks like ...
by jeffyscott
Sun Nov 30, 2014 3:43 pm
 
Forum: Personal Consumer Issues
Topic: High quality winter sock
Replies: 35
Views: 2193

Re: High quality winter sock

I'm not familiar with Smart Wool, but Costco occasionally have some nice wool (i assume blend) socks that are 4 pair for ~$12. Those must be the same ones I had mentioned, I didn't remember the price...of course, I now realize that I could have easily found it :happy : http://costcocouple.com/wp-co...
by jeffyscott
Sun Nov 30, 2014 1:10 pm
 
Forum: Personal Consumer Issues
Topic: High quality winter sock
Replies: 35
Views: 2193

Re: android location keep off for battery or on in case stol

I don't think location uses that much battery? I only have a tablet, no smart phone, but battery use is completely dominated by the screen, nothing else seems to use all that much. I don't believe I have ever seen location appear in the list that shows what has used the battery, it always shows like...
by jeffyscott
Sun Nov 30, 2014 10:10 am
 
Forum: Personal Consumer Issues
Topic: android location keep off for battery or on in case stolen?
Replies: 3
Views: 872

Re: Odd Issue with a Best Buy Return

I agree this is strange. In my experience a store usually asks if you want the credit back on the card, or sometimes cash or store credit. Any way, they discuss how you are getting the credit. I would guess it was an inexperienced sales person. Or an experienced one, who was taking short cuts by no...
by jeffyscott
Sun Nov 30, 2014 9:49 am
 
Forum: Personal Consumer Issues
Topic: Odd Issue with a Best Buy Return
Replies: 59
Views: 5181

Re: High quality winter sock

I finally decided to try some warmer socks last winter. I bought some Kirkland Signature Men's Outdoor Trail Socks at Costco, these are a Merino wool blend. I am happy with them, but do not have any experience with other alternatives.
by jeffyscott
Sun Nov 30, 2014 9:29 am
 
Forum: Personal Consumer Issues
Topic: High quality winter sock
Replies: 35
Views: 2193

Re: early retirement - financial flexibility

any other thoughts from people with similar concerns? My wife stopped working at 50. I did look briefly into the 72t exception for her. It seems like it could work to get some money out with some extra hassles. Not sure if we will do it, I am still working for a couple more years and will get a pen...
by jeffyscott
Sun Nov 30, 2014 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: early retirement - financial flexibility
Replies: 8
Views: 2115

Re: Next generation of mutual funds

The future... Young people see their parents having a miserable retirement due to not having saved enough (and/or having lost much of what they did save in poor investments) and, of course, no pensions. Companies start realizing that, having witnessed their parents' experience, many young people now...
by jeffyscott
Sun Nov 30, 2014 8:32 am
 
Forum: Investing - Theory, News & General
Topic: Next generation of mutual funds
Replies: 21
Views: 2302

Re: Investing Math Question

You are doing the same thing by slightly different paths in both cases, so does not matter how you calculate it. In both examples you are estimated your end of 2015 balance by adding the dividends and capital and capital gains you expect to earn on $100,000 and the $10,000 you plan to add, to your e...
by jeffyscott
Sun Nov 30, 2014 7:58 am
 
Forum: Investing - Theory, News & General
Topic: Investing Math Question
Replies: 10
Views: 1472

Re: Extra Cash Back for Online Purchases

mike143 wrote:Also if you have a Discover card they have a Shop Discover portal that also offers cash back in similar method.


Other credit cards have shopping portals, too. Though, whenever I have compared, Discover had the better offers.
by jeffyscott
Sat Nov 29, 2014 6:18 pm
 
Forum: Personal Consumer Issues
Topic: Extra Cash Back for Online Purchases
Replies: 6
Views: 1218

Re: Opinions on Pension Options

Would you take the SLA and purchase a 500,000 20 yr term life insurance policy for about 300/mo and come out about 350/mo to the good? No, because if I asked my wife would you rather have $4271 per month or $500,000, she'd say, "$4271 per month". (In fact, I just asked her and that is wha...
by jeffyscott
Sat Nov 29, 2014 6:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Opinions on Pension Options
Replies: 10
Views: 854

Re: Changes to T-Mobile's pay-as-you-go plan

Looks like the website account information is clear now.

Ours shows: "Use by: 6/16/2015 10:00:00 PM" and also has dollar balance, minutes, and messages.
by jeffyscott
Sun Nov 23, 2014 8:50 am
 
Forum: Personal Consumer Issues
Topic: Changes to T-Mobile's pay-as-you-go plan
Replies: 12
Views: 3700

Re: Seeking a Cellphone Change

Since you have reception issues, I'd think you would first want to figure out what network would fix that (if any). There are only 4, and you already know T-Mobile is not good, so that leaves Verizon, Sprint, and AT&T to investigate. Then you can look into the prepaid MVNOs that use whatever net...
by jeffyscott
Sat Nov 22, 2014 3:58 pm
 
Forum: Personal Consumer Issues
Topic: Seeking a Cellphone Change
Replies: 20
Views: 2214

Re: HSA vs 401K

If it were a much larger amount, I'd insist, but I've decided to take the sub-optimal limited benefit and spend it as we go. I don't think it is suboptimal, unless you are maxing out 401K and Roth and still have enough after-tax money to pay the bills while leaving the HSA alone. I'll have only 2-3...
by jeffyscott
Sat Nov 22, 2014 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA vs 401K
Replies: 22
Views: 2054

Re: best bank for online billpay

From what I have read, some banks take the money out of your account when you write a bill pay check. Others wait until the check clears. You want the second type. Curious why you think the second type is better. In a (nearly) zero interest rate world, there's no difference. It's almost more conven...
by jeffyscott
Sat Nov 22, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: best bank for online billpay
Replies: 24
Views: 2309

Re: Advantages of HSA?

In the Obamacare exchange, I've most often seen HSA's paired with $12,700 deductibles/out of limit maximums with $0 coverage out of network. In employer plans, they might offer better values but deductibles still would be high. Depends on the meaning of high, my employer HDHP has $3000 deductible t...
by jeffyscott
Sat Nov 15, 2014 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advantages of HSA?
Replies: 13
Views: 1227

Re: Advantages of HSA?

Also, wouldn't we end up paying significantly more for doctor/dentist/optometrist visits? Well it's either that or pay more in premiums, instead. I had a choice to pay about $150 more per month for traditional coverage compared to HDHP with HSA. The HDHP has $3000 deductible or effectively $2650 af...
by jeffyscott
Fri Nov 14, 2014 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advantages of HSA?
Replies: 13
Views: 1227

Re: Confused by Wiki Advice on HSA Spending

I see no long-term tax advantage in moving money from an HSA to any other " tax-advantaged" fund. All other funds pay a tax sometime. Only your HSA avoids the tax all the time. Mark me confused. : ) You avoid tax only if you use the money for medical expenses. I think the issue is whether...
by jeffyscott
Wed Nov 12, 2014 5:12 pm
 
Forum: Investing - Theory, News & General
Topic: Confused by Wiki Advice on HSA Spending
Replies: 22
Views: 2503

Re: Confused by Wiki Advice on HSA Spending

I'll be new to this HSA thing next year. I plan to pay medical expenses with it as we incur them. I would not want the hassle of keeping receipts for 20 years or whatever. I did not even care if this was the "best" way, but I guess it is as we probably will not be maxing out retirement acc...
by jeffyscott
Tue Nov 11, 2014 7:22 pm
 
Forum: Investing - Theory, News & General
Topic: Confused by Wiki Advice on HSA Spending
Replies: 22
Views: 2503

Re: My DISH tv bill just keeps going up and up

What's the solution for current shows on premium channels like HBO, Shotime, etc like Boardwalk Empire, Ray Donovan, Homeland, Episodes, Shameless, etc. Is there any legal way to get current episodes for those other than through cable? I doubt most people watch those channels for the movies. Well, ...
by jeffyscott
Tue Nov 11, 2014 6:59 pm
 
Forum: Personal Consumer Issues
Topic: My DISH tv bill just keeps going up and up
Replies: 50
Views: 4923
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