Search found 10 matches

by Snezz1e
Thu Feb 23, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Account or Taxable Account?
Replies: 10
Views: 324

Re: HSA Account or Taxable Account?

HSA is a great investment. At Age 65, you can make withdrawals penalty free. You do have to pay taxes on the withdrawals if they are not health-related. Essentially at Age 65 the HSA becomes a Traditional IRA. When you say taxes for non-health related withdrawals, do you mean taxes on the gain, or ...
by Snezz1e
Thu Feb 23, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: HSA Account or Taxable Account?
Replies: 10
Views: 324

Re: HSA Account or Taxable Account?

HSA is a great investment. At Age 65, you can make withdrawals penalty free. You do have to pay taxes on the withdrawals if they are not health-related. Essentially at Age 65 the HSA becomes a Traditional IRA. It can actually be better than Traditional IRA depending on how the contributions are mad...
by Snezz1e
Thu Feb 02, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: 401k w no match vs Roth, which to fund?
Replies: 12
Views: 831

Re: 401k w no match vs Roth, which to fund?

$49k AGI is $38.6k taxable income ($10.4k SD/PE) which is barely above the end of the 15% tax bracket $37,950. So only the first $700 is in the 25% tax bracket. Do you have a HSA eligible insurance plan. You should put money in that first before anything else. That will put you firmly in the 15% tax...
by Snezz1e
Wed Jan 11, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases
Replies: 72
Views: 7069

Re: Amazon Prime Rewards Visa Signature Card

Any reason to get this over the 5% Synchrony card? 2 major benefit over the Store card is the extended warranty protection (+1 year on warranties of 3 year or less) and purchase protection (Up to $500 120 day coverage against damage/theft). Also in the past they had offers for card holders usually ...
by Snezz1e
Mon Oct 17, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing a Car with Intention to Buy at End
Replies: 40
Views: 3759

Re: Leasing a Car with Intention to Buy at End

One area where lease could make a lot of sense and could be an advantage in the end is electric vehicles. Depending on the state there may be a lot of incentives/rebates to buy/lease a EV. This can cause resale value to plummet as when the lease is over it is cheaper to lease another new EV then it ...
by Snezz1e
Fri Sep 16, 2016 3:59 pm
Forum: Personal Consumer Issues
Topic: Best iPhone warranty value
Replies: 15
Views: 1618

Re: Best iPhone warranty value

If you pay your cell phone bill with a Wells Fargo credit card they offer free damage and theft protection for up to 4 phones. $600 coverage and $25 deductible. Doesn't cover the full price of the iPhone but repair cost should be much less or Apple has the out of warranty replacement option for $319...
by Snezz1e
Tue Oct 20, 2015 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Aetna HDHP vs. GEHA HDHP (federal employee), additional HSA money
Replies: 45
Views: 5039

Re: Aetna HDHP vs. GEHA HDHP (federal employee), additional HSA money

GEHA covers the HSABank fees for investment accounts? So if I don't keep the balance waiver amount in my HSA account and instead have it in the connected investment account, GEHA picks up the tab? I only maintain $1 in my HSA account and everything else in the investment account. Never paid a fee f...
by Snezz1e
Mon Oct 19, 2015 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Aetna HDHP vs. GEHA HDHP (federal employee), additional HSA money
Replies: 45
Views: 5039

Re: Aetna HDHP vs. GEHA HDHP (federal employee), additional HSA money

I do this comparison every year to decide if I should move from GEHA. Assuming GEHA network has the doctors you go to I think they are a better value then Aetna for the following reasons (I have single coverage but I'll compare family coverage since most people have family coverage) : Premiums: $120...
by Snezz1e
Tue Feb 03, 2015 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Group Universal Life - Worth keeping after retirement?
Replies: 21
Views: 1618

Re: Group Universal Life - Worth keeping after retirement?

With no cash value all past payments are a sunk cost that you should not factor into your decision. Assuming the expected future premiums stay at 500/1000/1500 per month if you were to invest that money at a 7% rate of return it would take you about 15.5 years to accumulate $300,000. So if he lives ...
by Snezz1e
Wed Mar 14, 2012 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you commute to get cheaper housing?
Replies: 90
Views: 5424

Re: How much would you commute to get cheaper housing?

I personally hate commuting. At my old residence it was 30 minutes to get to work and 45 minutes to get home and I hated it. At my new home it is only 15 minutes to get there and 25 to get home. Traffic is always worst going home. I work on an Air Force Base and lucky for me it's the opposite in ter...

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