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Re: HSA savings on premium?

Another factor to consider is whether or not your Aetna HMO is paid with pretax dollars through an employer. If it is your employer is paying a portion of the premium and you have a tax savings due to the deductibility of your premium payments. If the HMO is an individual plan you likely could do be...
by robebibb
Tue Jul 15, 2014 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA savings on premium?
Replies: 9
Views: 1256

Re: Georgia 529 Tax Deductions

I believe it is $2000 per beneficiary. We currently only have one child but plan on another so we have opened a second 529 with my wife as the beneficiary. When the second child is born we will just switch beneficiaries. This enables us to deduct 4000 a year now instead of waiting for birth of child...
by robebibb
Mon May 05, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Georgia 529 Tax Deductions
Replies: 5
Views: 262

Re: Pregnant wife's healthcare option selection

It is surprising that your wife’s company offers such a variety of options. From the information you provided Gold would appear to be the best choice. One thing that could tip the scale is any employer provided HSA contribution. It is very common for the employer to contribute the HSA account on beh...
by robebibb
Thu Nov 14, 2013 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Pregnant wife's healthcare option selection
Replies: 23
Views: 1471

Re: Bogleheads' "Rags to Riches" Stories

One important lesson is not to live in the south east. I believe you misinterpreted the title of this map. The correct lesson from this map is not to be born into poverty in the southeastern US. If you find a way to control where and to whom you are born please let me know ASAP so I can capitalize ...
by robebibb
Fri Oct 25, 2013 2:09 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads' "Rags to Riches" Stories
Replies: 107
Views: 14881

Re: HSA HDHP or HRA PPO LDHP during Pregnancy?

I don’t believe a PPO would offer any better/more coverage than the HDHP when they are offered in conjunction through an employer. The two plans would cover the same procedures and have the same networks with the only difference being the deductible, co-pays, co-insurance, and out of pocket maximums...
by robebibb
Wed Oct 09, 2013 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA HDHP or HRA PPO LDHP during Pregnancy?
Replies: 7
Views: 934

Re: T-Mobile Network Quality

I make T-Mobile work for me but it might not work for everyone. Within metro areas I have had good reception (voice and data) however the coverage is definitely lacking in more rural areas. I rarely travel to rural areas unless I’m on vacation, in which case I don’t want to be on the phone anyways. ...
by robebibb
Mon Jul 29, 2013 1:00 pm
 
Forum: Personal Consumer Issues
Topic: T-Mobile Network Quality
Replies: 23
Views: 2434

Re: Why We Underestimate Risk by Omitting Time as a Factor

The two situations addressed in the beginning of the article are not comparable in my mind. Losing one dollar is not a big deal because presumably one has significantly more than one dollar and can afford to lose 5 times out of 6 in order to come out ahead. In the second scenario if one loses their ...
by robebibb
Mon Jul 08, 2013 1:37 pm
 
Forum: Investing - Theory, News & General
Topic: Why We Underestimate Risk by Omitting Time as a Factor
Replies: 26
Views: 2593

Re: Avoiding RMD's with 401K after age 70 1/2

A RMD is not typically required for individuals employed at age 70.5 as long as they do not own 5% or greater of the company which sponsors the plan. It seems like rolling over IRA funds into the 401k could delay RMDs but I’m not certain about that.
by robebibb
Tue Jul 02, 2013 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Avoiding RMD's with 401K after age 70 1/2
Replies: 10
Views: 2005

Re: DayCare Flex Spending issues

I am unsure of the answer to your original question but I would be very leery of taking the action proposed by vtjon. If you submit receipts and are audited you will have a mess on your hands. The first thing you should try is to stop having additional funds withheld from your paycheck and directed ...
by robebibb
Wed Jun 19, 2013 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: DayCare Flex Spending issues
Replies: 11
Views: 930

Re: Individual Health Insurance and Unethical Premium Increa

All health insurance rate increases are approved by each individual state’s insurance commissioner. The rate increases are required to be justified with each state using its own set of unique rules and requirements. I have had individual insurance in the past and was quite happy with a consistently ...
by robebibb
Mon Jun 17, 2013 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Individual Health Insurance and Unethical Premium Increases
Replies: 1
Views: 327

Re: $550M Powerball Jackpot - take cash or annuity?

Depends on the odds of being the SOLE winner. To increase the odds of being a sole winner choose a combination of larger numbers. Many people choose numbers associated with dates which only go up to 31 so by choosing larger numbers you decrease the odds of sharing in the loot. Not my observation, h...
by robebibb
Fri May 17, 2013 1:24 pm
 
Forum: Investing - Theory, News & General
Topic: $600M Powerball Jackpot - take cash or annuity?
Replies: 86
Views: 5871

Re: Great new Amazon delivery option

Amazon is taking customer service to the next level. Just last night my mother in-law attempted to return something to amazon because she accidentally ordered duplicate items. They gave her a refund for the item and told her not to bother shipping it back. The item was under $10 and they just as eas...
by robebibb
Fri May 17, 2013 11:30 am
 
Forum: Personal Consumer Issues
Topic: Great new Amazon delivery option
Replies: 32
Views: 4447

Re: HSA with [poor] insurance or ROTH IRA?

Also check to see if your employer is going to contribute to your HSA. It is common to have a significant employer contribution which could impact your decision.
by robebibb
Fri May 10, 2013 2:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA with [poor] insurance or ROTH IRA?
Replies: 10
Views: 1122

Re: HSA with [poor] insurance or ROTH IRA?

It all depends on premium difference and incentives. In my case my wife’s employer deposits $1,000 into her HSA annually, we get about $1,800 in tax breaks by maxing out HSA contributions, and the premium is $1,500 less than the non-HSA plan. As a trade-off we go from a $600 individual deductible to...
by robebibb
Fri May 10, 2013 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: HSA with [poor] insurance or ROTH IRA?
Replies: 10
Views: 1122

Re: switched jobs but not coemployers - 401k rollover denied

My wife had a similar thing happen with her employment situation. In her case she is formerly employed by a University and is now employed by a Healthcare organization with the University’s name. There was no employment gap, just a transfer from one to the other. The two entities have two separate p...
by robebibb
Fri May 10, 2013 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: switched jobs but not coemployers - 401k rollover denied!
Replies: 33
Views: 2981

Re: [Poll] My Tax-Advantaged Accounts > $3m?

I wondered the same thing earlier today. :wink: I don't see how it is possible for tax-advantaged accounts to be that large today. Maybe for person just starting out at age 21 and contributing the max every year for the next 40 years.... Investing the annual limit of 51,000 over many years with a r...
by robebibb
Wed Apr 10, 2013 10:34 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] My Tax-Advantaged Accounts > $3m?
Replies: 55
Views: 4066

Re: Anecdotal issue with receiving LTCi benefits

http://1.bp.blogspot.com/_g6b7lckX2zE/THX7D3XuBpI/AAAAAAAABVI/fk7-z20ukqo/s1600/Screen+shot+2010-08-25+at+10.25.58+PM.png This chart is useful but does not tell the whole story. Many people will spend some time in an assisted living facility before entering a nursing home. While cheaper than nursin...
by robebibb
Tue Mar 26, 2013 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Anecdotal issue with receiving LTCi benefits
Replies: 32
Views: 1500

Re: should we think about retirement?

The insurance available via exchanges established by the ACA will have an open enrollment period. If you do not acquire insurance during this period you will be without insurance until the next enrollment period. There will be exceptions for individuals coming off of a group plan (aka they just quit...
by robebibb
Thu Mar 21, 2013 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: should we think about retirement?
Replies: 105
Views: 6644

Re: Private health insurance for young, healthy family

I would apply for individual coverage ASAP and not wait for COBRA to run out. As a healthy family you should not have problems finding coverage currently. If someone’s health takes a turn for the worse between now and when you obtain individual coverage it will become unaffordable/impossible to get ...
by robebibb
Fri Jan 25, 2013 11:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Private health insurance for young, healthy family
Replies: 27
Views: 2254

Re: Google Voice quality?

I use google voice with the OBi100 and voice quality is excellent. Wife has an Android (smartphone) but we've never tried using google voice to make calls with it.
by robebibb
Thu Jan 17, 2013 11:52 am
 
Forum: Personal Consumer Issues
Topic: Google Voice quality?
Replies: 35
Views: 3425

Re: "Red Shirting" A Preschooler

It all depends on the individual child. I was a September birthday just past the cutoff and was therefore one of the oldest in my class. I was regularly bored and always felt like I should be a grade above where I was. Many children whom are bored and unchallenged have behavior and even academic pro...
by robebibb
Thu Jan 17, 2013 10:30 am
 
Forum: Personal Consumer Issues
Topic: "Red Shirting" A Preschooler
Replies: 49
Views: 2725

Re: minivan thing

That's all true relative cars, but you're 2-3 times more likely to die in a car than a minivan per mile driven. Frankly, where I live I don't feel safe in a car when everyone around me has huge trucks and SUVs. This may be true but you have to remember that correlation does not imply causation. The...
by robebibb
Wed Jan 09, 2013 9:15 am
 
Forum: Personal Consumer Issues
Topic: minivan thing
Replies: 84
Views: 4810

Re: Putting house in adult kids names

In order to avoid gift taxes couldn’t one provide owner financing to their children. The house would be transferred to the children and the mortgage payments forgiven up to the allowable gift limits annually. This would give the parents a limited amount of control as the creditors and also slowly re...
by robebibb
Fri Dec 07, 2012 9:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Putting house in adult kids names
Replies: 16
Views: 1755

Re: FSA technical questions

Thanks for the replies. Your answers are what I was expecting and unfortunately our newest family member was born just after midnight. I'll see if I can get an itemized bill from the hospital within the next few weeks. Probably won't happen but it's worth a shot.
by robebibb
Sat Aug 11, 2012 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: FSA technical questions
Replies: 6
Views: 577

FSA technical questions

I have a technical question about medical FSAs which I cannot find the answer to anywhere on this forum or elsewhere. My wife and I recently had a baby and because of the family status change we are able to change our benefits elections including Medical and Dependent FSA deductions. We obviously in...
by robebibb
Fri Aug 10, 2012 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: FSA technical questions
Replies: 6
Views: 577

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