Search found 13 matches

by Snezz1e
Thu Jun 01, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Federal LTC Inflation Protection
Replies: 1
Views: 258

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: 169

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: 47
Views: 4625

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: 435

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: 435

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: 913

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: 7606

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: 3996

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: 1775

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: 5219

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: 5219

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: 1680

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: 5569

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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