Search found 26 matches

by Snezz1e
Sun Jan 28, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about the TSP and federal pension I should have asked long ago
Replies: 7
Views: 801

Re: Questions about the TSP and federal pension I should have asked long ago

If you are vested into the FERS pension you shouldn't be requesting a refund of your contributions. Your FERS contribution was only .8% of your salary with the government adding an additional 13.2% to the pension fund. You only get your .8% back when you request a refund. Even if you get a 10% annua...
by Snezz1e
Wed Jan 24, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 FEHB HDHP Recommendations
Replies: 53
Views: 5653

Re: 2018 FEHB HDHP Recommendations

Where are you getting this from. I looked through the brochure for Aetna HDHP (http://www.aetnafeds.com/pdf/2018/2018_ ... ochure.pdf) and I don't see anything about them not allowing balance billing.
by Snezz1e
Sun Jan 21, 2018 2:15 am
Forum: Personal Finance (Not Investing)
Topic: Buying Used Car: Use Mutual Fund, Savings or Loan?
Replies: 6
Views: 603

Re: Buying Used Car: Use Mutual Fund, Savings or Loan?

Why is your auto loan 4.7%. Is your credit not great? Penfed has 3 year loan at 2.49% and DCU is 2.24%. Just make larger payments if you want to pay in a year since there are no prepayment penalties. If your credit is excellent lightstream might give you a 2 or 3 year unsecured loan at 2.49%. Lights...
by Snezz1e
Thu Jan 18, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 2406

Re: Take a 401k Loan?

I don't really see the issue with taking a 401k loan. Many people are saying to lower 401k contribution down to matching and pay off debt. If he does that he would miss out on contributing the max for this year. He can never get that back. It seems like its better to borrow 20k at a decent interest ...
by Snezz1e
Thu Jan 18, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: 4k UHD TVs worth it?
Replies: 66
Views: 5439

Re: 4k UHD TVs worth it?

For a 50 inch TV to even notice a difference from 4k you would have to be sitting at 6.3 feet from screen and to maximize benefit it should be 4.2 feet. Even a 65 inch will require 8.1 feet to see difference and 5.4 feet to maximize benefit.
by Snezz1e
Sat Jan 13, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: AICPA GVUL possibly better than Term Life
Replies: 3
Views: 376

Re: AICPA GVUL possibly better than Term Life

You won't need a 25 year term policy if you put some of that money into a reasonable portfolio. And carrying the payout risk for a 65 year old is the reason for the high cost of the term. I dropped my last term policy in my mid-50s because my wife was fully taken care of from our retirement assets....
by Snezz1e
Fri Jan 12, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: AICPA GVUL possibly better than Term Life
Replies: 3
Views: 376

AICPA GVUL possibly better than Term Life

I'm 30 and have had a GVUL through the AICPA for about 5 years. I'm currently comparing it to a 25 year term policy and it looks like I would be better off keeping my GVUL and may be better option for others in some situations. A $1 million term policy would cost me at least $565/year right now acco...
by Snezz1e
Mon Nov 20, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: Contemplating offer on a house with SolarCity lease
Replies: 23
Views: 2431

Re: Contemplating offer on a house with SolarCity lease

Is this a lease or power purchase agreement. You have to be careful with PPA. I looked into them when I was deciding who to get solar from. These agreements usually have a high inflation factor. For Nevada, cost per kwh has actually gone done for some years due to their switch to lower cost natural ...
by Snezz1e
Sun Nov 19, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 FEHB HDHP Recommendations
Replies: 53
Views: 5653

Re: 2018 FEHB HDHP Recommendations

I am giving a presentation to the DC Bogleheads on a related topic, so I redid my comparisons for FEHB HDHPs versus conventional, and the HDHP is almost a guaranteed winner (as long as you won't be deterred from seeking necessary care due to the potential bills). I use GEHA in this comparison, as i...
by Snezz1e
Fri Nov 17, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 FEHB HDHP Recommendations
Replies: 53
Views: 5653

Re: 2018 FEHB HDHP Recommendations

Is there any reason why people don't like the MHPB Consumer option HDHP? It gives a full $900 back for self only and $1800 back for Self+1 or Family. The premiums are higher by $200/$400. So the extra contribution don't make up for the higher premiums. Also the deductible is higher for MHBP. GEHA i...
by Snezz1e
Tue Nov 14, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 FEHB HDHP Recommendations
Replies: 53
Views: 5653

Re: 2018 FEHB HDHP Recommendations

I've been with GEHA for 5-6 years and every year I look at other available HDHP and I think GEHA is still the best. The main competitor is Aetna. Their plan cost $214/year more for Self and $312/year for Family (after tax). GEHA is non-profit and put about 95% towards health benefits. The one year I...
by Snezz1e
Wed Oct 25, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Hyatt Legal first hand experiences ? (new Employer benefit)
Replies: 14
Views: 2196

Re: Hyatt Legal first hand experiences ? (new Employer benefit)

My brother signed up for this at a cost of $220/year so he can set up a will which would pay for itself in the first year. He hasn't done that yet but he did use them for a traffic ticket and it worked out well. One thing about the plan is you can go out of network and they reimburse you based on a ...
by Snezz1e
Thu Sep 28, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: 20% Down Payment Sub-optimal?
Replies: 54
Views: 5221

Re: 20% Down Payment Sub-optimal?

Scenario 2 that was presented seems to be using some really bad math. Yes you can invest the money from lower down payment but you can also invest the annual savings from lower monthly payments (due to lower principal and no PMI) so the savings is actually more than just 37k he cites. Using some har...
by Snezz1e
Thu Jun 01, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Federal LTC Inflation Protection
Replies: 1
Views: 391

Federal LTC Inflation Protection

I already have all my other insurance needs covered (Life/Disability/Umbrella). I currently max all tax advantaged accounts (TSP/Roth/HSA) and have a large emergency fund. Only debt is a 15 year mortgage. Current savings and pension is enough to replace over 100% of my income in retirement so I don'...
by Snezz1e
Fri Apr 14, 2017 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: GEHA Health Balance Rewards Card Taxable?
Replies: 1
Views: 399

Re: GEHA Health Balance Rewards Card Taxable?

The general rule is all income is taxable unless excluded by law. Based on the IRS memo it is only expendable from income if it is used towards medical care. The 2016 card had no restrictions so you could use it towards non-medical care. I think it should be taxable following the letter of the law. ...
by Snezz1e
Mon Mar 27, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 49
Views: 6486

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

Currently a federal employee, I prefer the federal employment in your situation. One thing to keep in mind though is that the FERS pension could change in the future. We've already seen the change from .8% to 4.4% for new hires. There's been discussions in the past to have us contribute up to 50% of...
by Snezz1e
Thu Feb 23, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Account or Taxable Account?
Replies: 10
Views: 777

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: 777

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: 1253

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: 80
Views: 12212

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: 5036

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: 2172

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: 6498

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: 6498

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: 1866

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: 5933

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...