Search found 870 matches

by TropikThunder
Tue Apr 24, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 55
Views: 2811

Re: Who benefits from "best and final offer" on condo?

For the seller, it isn’t entirely about money. It’s also about having a buyer and buyer’s agent you can work with. When they asked for best and final offer, they were asking for best and final offer, and you apparently didn’t believe them. Would I have done it differently? Yes. But when both the to...
by TropikThunder
Tue Apr 24, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 47
Views: 2724

Re: [Vanguard account locked out due to deceased owner]

Correct. OP has no authority to access information on the account. Gill There are no good alternatives, no alternatives whatsoever , for someone who thinks that a financial institution will allow them to log into an account held under a deceased person's name. We might want to swing a little over t...
by TropikThunder
Tue Apr 24, 2018 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with Bond Funds
Replies: 6
Views: 582

Re: Need help with Bond Funds

I am 29 years old. I can't decide which bond index funds to choose to hold and contribute to for the rest of my life. My allocation will be 70% stock, 20% bonds, 10 % Reit. So I am thinking total market bond index 10% and intermediate term corporate bond index 10%. Is this stupid? I'm curious the t...
by TropikThunder
Tue Apr 24, 2018 12:47 am
Forum: Personal Consumer Issues
Topic: Used car dealer-Freight charge
Replies: 21
Views: 1248

Re: Used car dealer-Freight charge

I was with my daughter looking at mini vans and we stopped at an Enterprise dealership. She did not end up buying but there was a freight charge based on how far the vehicle had to travel to get to the dealership. If the vehicle was on the lot or within 75 miles there was no charge, but otherwise t...
by TropikThunder
Sun Apr 22, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Visitor to us needs SIM card for 2 weeks
Replies: 9
Views: 664

Re: Visitor to us needs SIM card for 2 weeks

GSM phones (like on AT&T and T-Mobile) are far more predominant around the world, while CDMA phones (Sprint, Verizon) are less common outside the US and Canada. So, your guest likely has an unlocked (not committed to a particular carrier) GSM S8 and you can swap out a pre-paid SIM. No “hacking” need...
by TropikThunder
Sun Apr 22, 2018 1:03 pm
Forum: Personal Consumer Issues
Topic: Visitor to us needs SIM card for 2 weeks
Replies: 9
Views: 664

Re: Visitor to us needs SIM card for 2 weeks

I searched and found several discussions about travel outside us, but couldn’t find one for visitors to us. I have a guest that needs a SIM card and around 100 minutes, 100 text and 1 GB data to use in the next 2 weeks, or maybe even less. I think they bought a month at H2O wireless last time they ...
by TropikThunder
Fri Apr 20, 2018 11:35 pm
Forum: Investing - Theory, News & General
Topic: Wellesley January Price Drop? Why?
Replies: 27
Views: 3255

Re: Wellesley January Price Drop? Why?

Wellesley performance has been underwhelming this year, compared to other funds IN IT'S CATEGORY. It's currently in the bottom 7% of all "Allocation - 30-50% equity" funds YTD according to M*. I think this is an excellent example of why the Morningstar Star ratings are such a bad way to select fund...
by TropikThunder
Wed Apr 18, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Balanced vs 2025 vs 2 fund portfolio
Replies: 8
Views: 931

Re: Balanced vs 2025 vs 2 fund portfolio

I think deep down this is what I have been leaning towards. I do like the simplicity and you make a good point that being in a tax deferred account making changes isn't as big as a deal as in a taxable account. Also being in VIABX it would give me less of chance to tinker. Of course we all know tha...
by TropikThunder
Tue Apr 17, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Expense ratios calculations
Replies: 9
Views: 323

Re: Expense ratios calculations

Hmm, so ultimately I'm trying to figure out where would I pay less in the end, TIAA or Vanguard. Through my employer all the funds at TIAA have an expense ratio of 0.1% and no general admin fee and all the funds at Vanguard have an expense ratio of 0.09% but there is a $34 annual admin fee. Not a b...
by TropikThunder
Mon Apr 16, 2018 2:23 am
Forum: Personal Finance (Not Investing)
Topic: Can't afford health insurance -- options?
Replies: 23
Views: 2534

Re: Can't afford health insurance -- options?

"Google" search "ACA Subsidy Cliff". Don't fall off of it. Consequences are $$$$$$$$$. ACA SUBSIDY CLIFF https://www.gocurrycracker.com/obamacare-optimization-vs-tax-minimization/ aloha j :D It really doesn’t look like OP’s son and DIL are at risk of falling off the subsidy cliff anytime soon since...
by TropikThunder
Sat Apr 14, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan - Effect on Getting Mortgage in 8-18 Months?
Replies: 4
Views: 400

Re: Auto Loan - Effect on Getting Mortgage in 8-18 Months?

I am considering buying a car that costs $25,000, and I was wondering if I should pay cash, or get an auto loan and invest the difference in cash. The kicker is, I am thinking of buying a home in the next 8-18 months, and I don't want to hurt my credit towards the mortgage. How would getting an aut...
by TropikThunder
Fri Apr 13, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: Fender bender in parking lot, he said she said. What's the effect on my going to be?
Replies: 17
Views: 1380

Re: Fender bender in parking lot, he said she said. What's the effect on my going to be?

BuckyBadger wrote:
Fri Apr 13, 2018 4:09 pm
Thanks for the comments!
Why would you remove your original post after getting what you deemed good advice? I've always felt one of the good things about this site is you can search for others who have had the same question/issue and see the advice they got without having to start a new thread.
by TropikThunder
Fri Apr 13, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6808

Re: Why traditional IRA better than Roth IRA

Taxes could change in any number of ways. We could speculate all day about whether or not future tax law might in some way apply a tax to roth funds, or even change other taxes to make roth less desirable on a relative basis... what if we ended income tax and moved to a consumption/sales/VAT tax? W...
by TropikThunder
Fri Apr 13, 2018 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6808

Re: Why traditional IRA better than Roth IRA

But Roth account withdrawal rules are guaranteed -- as guaranteed as they can be. They are guaranteed because they are in written law, in effect today. That’s a tad naive in my opinion. There’s nothing in the law that says Congress can’t change the rules and make Roth withdrawals taxable in the fut...
by TropikThunder
Thu Apr 12, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional recharacterized/conversation
Replies: 9
Views: 246

Re: Traditional recharacterized/conversation

To me it was looking like I needed lines 8 and 11 filled out instead of lines 7and 12. Wow, I missed the tree while looking at the overall forest. :P I agree, lines 8 and 11 make more sense as you made a conversion (line 8) not a distribution (line 7). Line 8 If, in 2017, you converted any amounts ...
by TropikThunder
Thu Apr 12, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional recharacterized/conversation
Replies: 9
Views: 246

Re: Traditional recharacterized/conversation

This is an attachment of the page for my backdoor conversation from my CPA. This looks wrong to me. Below is a link that I think will work. https://drive.google.com/file/d/1t9vpMUzqJJLlnpqo9aktu-L5Kbu__9et/view?usp=drivesdk It looks correct to me if you didn't deduct the traditional IRA contributio...
by TropikThunder
Thu Apr 12, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6808

Re: Why traditional IRA better than Roth IRA

Can't tax brackets change over time? —————————————————- I'm paying my tax now. I don't care what tax brackets are in the future. I will pay no tax when I take my Roth distributions. You acknowledge that tax brackets can change. There’s no guarantee that Roth withdrawal rules won’t change 20-30 year...
by TropikThunder
Thu Apr 12, 2018 1:14 am
Forum: Personal Finance (Not Investing)
Topic: How much does each dollar you contribute into a Solo 401k save you in taxes?
Replies: 6
Views: 570

Re: How much does each dollar you contribute into a Solo 401k save you in taxes?

How much does each dollar you contribute into a Solo 401k save you in taxes? Does anyone know the exact calculation for this or know where I can find it? I would like an exact number and a break down of how that is calculated. I am doing my solo 401k contribution now and obviously would like to kno...
by TropikThunder
Wed Apr 11, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6808

Re: Why traditional IRA better than Roth IRA

Everybody is different but some folks' IRA get so big when RMD hits them that makes them wish they had paid income taxes in their younger days and put that money in a Roth. TravelforFun It's not at all that simple. The size of one's portfolio (and subsequent RMD) has nothing to do with whether they...
by TropikThunder
Tue Apr 10, 2018 8:43 pm
Forum: Personal Consumer Issues
Topic: Would you pay off the student loan or keep the $$$
Replies: 48
Views: 2161

Re: Would you pay off the student loan or keep the $$$

Pay off the student loan, sell the Z06, use the Z06 money plus insurance savings to rebuild the 2001 Cherokee replacement car fund. When the Cherokee dies replace with a used Corolla or Camry. When you have enough in the replacement car fund for the Camry, divert that $320 to retirement and or the ...
by TropikThunder
Tue Apr 10, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: VSCGX (L.S.Growth) vs. VTSVX (TR 2015)- Compare
Replies: 2
Views: 279

Re: VSCGX (L.S.Growth) vs. VTSVX (TR 2015)- Compare

Comparison of VSCGX (LifeStrategy Conservative Growth Fund) and VTXVX (Target Retirement 2015 Fund) as a sole holding for a Traditional IRA of a retiree in the distribution phase show many similarities and just a couple of differences. The VSCGX has a slightly longer duration (6.3 vs. 5.85) and a c...
by TropikThunder
Sun Apr 08, 2018 12:01 am
Forum: Investing - Help with Personal Investments
Topic: To fund traditional IRA or not: High-tax bracket, green card holder
Replies: 11
Views: 653

Re: To fund traditional IRA or not

@FiveK: I understand what you mean and I checked both links. I still find it hard to believe that there is no penalty to withdrawing money from tIRA and rIRA before the age of 59.5. Actually, this is the only reason why I have the hesitation. Do you mean to say that, in the first 5 years after my f...
by TropikThunder
Sat Apr 07, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help Transfer Index Fund from Fidelity To Vanguard
Replies: 13
Views: 1025

Re: Help Transfer Index Fund from Fidelity To Vanguard

Radiowave Could you explain how I can go about holding the Fidelity Fund in Vanguard as you mention? In many (most?) cases, you can hold Fund Family A's shares at Fund Family B's brokerage*. You may have to pay a commission to trade the "off-brand" fund, but you can do so. In this case, you can tra...
by TropikThunder
Sat Apr 07, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help! I got a W2c after filing and receiving a nice refund. Now I owe Feds $1000
Replies: 9
Views: 775

Re: Help! I got a W2c after filing and receiving a nice refund. Now I owe Feds $1000

If you qualify for a deductible IrA contribution ( hint, if you have a 401k, you don’t qualify ), then you have until April 15 to do the IRA contribution. Regardless, you need to file an amended return and pay what you owe. Not necessarily true. Being covered by an employer-sponsored plan means the...
by TropikThunder
Thu Apr 05, 2018 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 11
Views: 1356

Re: Health Savings Account

Unfortunately I don't have a definitive answer, but keep in mind that you can use HSA funds for previous year's expenses as long as they are incurred after the HSA's initial opening date . If you are able to "drag out" the time period to pay the expenses, you could potentially come out ahead by let...
by TropikThunder
Wed Apr 04, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: Reinvest dividends or sweep to settlement account
Replies: 38
Views: 4686

Re: Reinvest dividends or sweep to settlement account

The other point is taxes in that it makes little sense to reinvest dividends after paying tax on them and then sell shares with more taxes to fund withdrawals or for rebalancing. Doing research on this topic because it is tax time and I'm thinking of strategies going forward. Apologies for resurrec...
by TropikThunder
Wed Apr 04, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Longterm Capital Gains when moving portfolio to Vanguard?
Replies: 9
Views: 718

Re: Longterm Capital Gains when moving portfolio to Vanguard?

If you're currently reinvesting dividends and capital gains distributions in your taxable account, take the dividends in cash instead. This is a really good point. You will already owe taxes on the dividends and capital gains distributions whether you reinvest them or not. If you reinvest them and ...
by TropikThunder
Tue Apr 03, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation vs single fund - what am I missing?
Replies: 13
Views: 731

Re: Asset allocation vs single fund - what am I missing?

For analysis I compared the Wellsley fund to various asset allocations using the 50/50 split and anywhere from 3 funds to 7 funds (various Vanguard recommended funds and allocations). I began in the year 2006. When using a simple average of the past 11 years here are the results I came up with: VWI...
by TropikThunder
Mon Apr 02, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Need to withdraw more excess HSA contribution than is left in the account
Replies: 12
Views: 1084

Re: Need to withdraw more excess HSA contribution than is left in the account

The excess employer contribution should be added back on Form 1040 line 21 (other income) https://www.irs.gov/instructions/i8889#idm139679093518128 Excess Employer Contributions Excess employer contributions are the excess, if any, of your employer's contributions over your limitation on line 8. .....
by TropikThunder
Mon Apr 02, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Sad because I did not know what I was doing with inheritance
Replies: 31
Views: 5449

Re: Sad because I did not know what I was doing with inheritance

1) I lost 50% of my whole life savings at Telecom crash (10+ years ago). I was 100% stock and I gambled on Telecom stocks. I would have FI 5+ years ago if I have that money. The loss was so great that it took up to 2016 to use up all the capital losses. I am reminded of that mistake at every year's...
by TropikThunder
Mon Apr 02, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can after tax HSA money be recharacterized?
Replies: 12
Views: 742

Re: Can after tax HSA money be recharacterized?

It is just semantics, but I disagree that there is such a thing as an "after-tax HSA contribution." All employee HSA contributions are deductible. They are deductible from income the second you make them. The fact that you don't see the savings until you file your tax return doesn't make them after...
by TropikThunder
Mon Apr 02, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Need to withdraw more excess HSA contribution than is left in the account
Replies: 12
Views: 1084

Re: Need to withdraw more excess HSA contribution than is left in the account

I may be misunderstanding the loophole you are describing. The excess contribution (either by the taxpayer or their employer) was not deductible. An excess contribution by an employer is added back to your income. You already paid ordinary income tax on the amount of the excess contribution. So thi...
by TropikThunder
Mon Apr 02, 2018 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Roth contribution $5500, Taxable compensation $5499 for 2016. How to fix?
Replies: 17
Views: 1873

Re: Roth contribution $5500, Taxable compensation $5499 for 2016. How to fix?

What is the correct way to fix this $1 overcontribution for 2016 while doing the 2017 taxes? There was no Roth contribution for 2017 yet. TIA Do you mean taxable income (after subtracting standard deduction and personal exemption) or do you really mean AGI? IRA eligibility requires earned income bu...
by TropikThunder
Sun Apr 01, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 44
Views: 3020

Re: Can we afford this house?

This is a tough crowd for getting “permission” to buy a house. No matter what your finances look like, more than one person will tell you no, you should wait six months/a year/2 years. Some will even say you should never buy. It looks like PITI is ~40% of your take home after 401k and HSA? That soun...
by TropikThunder
Sun Apr 01, 2018 12:07 am
Forum: Investing - Theory, News & General
Topic: Vanguard U.S. Growth: Give me a reason
Replies: 20
Views: 6602

Re: Vanguard U.S. Growth: Give me a reason

I realize US Growth isn't a Boglehead index fund, but this thread is an interesting read in the context of 11 years later. https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=0023&funds_disable_redirect=true I’m a newbie here and I looked at this link that you posted and it shows ...
by TropikThunder
Sat Mar 31, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Wireless phone use in Italy
Replies: 18
Views: 1126

Re: Wireless phone use in Italy

Asking for a family member. I read some of the posts on the topic but this seems like something that changes fairly often. Would like to get a SIM prior to departure if feasible with goal of working phone for data/text/possibly phone calls on arrival. Total needs limited. Some details. -not switchi...
by TropikThunder
Sat Mar 31, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with a dividend question on VIIIX
Replies: 20
Views: 1163

Re: Help me with a dividend question on VIIIX

BaylorBears wrote:
Sat Mar 31, 2018 7:45 pm
Quarterly dividend per vanguard’s site is $1.0089

If I have 5,000 shared of VIIiX, wouldn’t that mean my quarterly dividend would be about $5,000 this week?
Well, yeah, but that would also mean you have $1,203,200 in that fund.
by TropikThunder
Sat Mar 31, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Customer Service with Vanguard
Replies: 50
Views: 4294

Re: Customer Service with Vanguard

I had decided to go with Vanguard to open up an Inherited IRA, and then I saw this article in the Wall Street Journal (see excerpt below): Is Vanguard’s Success a Problem? Some Customers Think So "Louise Robbins bought shares in an exchange-traded fund last Friday afternoon as markets fell, knowing...
by TropikThunder
Sat Mar 31, 2018 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: A basic, elementary question on why it makes sense to invest more in stocks than bonds despite dividend rates
Replies: 20
Views: 2212

Re: A basic, elementary question on why it makes sense to invest more in stocks than bonds despite dividend rates

Thank you for all the replies. To clarify one thing: I understand that total returns are what ultimately matters and stocks have historically had much higher total returns than bonds. I just had never actually sat down and compared dividends of stocks vs bonds. I was surprised a total bond index fu...
by TropikThunder
Sat Mar 31, 2018 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Can I count 401k contribution against last years limit?
Replies: 4
Views: 450

Re: Can I count 401k contribution against last years limit?

Thanks for clarifying, really that makes the most sense. I guess it's on me then to make sure the contributions add up to no more than the IRS limit accross the two plans this year. Yeah, you can make after-the-fact contributions to an IRA or HSA up to the tax filing deadline, but since 401k/403b c...
by TropikThunder
Sat Mar 31, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: The "American companies I invest in already have international exposure" argument --- valid or not?
Replies: 139
Views: 10109

Re: The "American companies I invest in already have international exposure" argument --- valid or not?

At current correlations one is not changing expected portfolio performance much by varying the international allocation. My take on this is "it hardly matters, don't worry about it" I keep a less than market cap but significant international allocation. No great reason for the figure I have and no ...
by TropikThunder
Sat Mar 31, 2018 12:24 am
Forum: Investing - Theory, News & General
Topic: The "American companies I invest in already have international exposure" argument --- valid or not?
Replies: 139
Views: 10109

Re: The "American companies I invest in already have international exposure" argument --- valid or not?

Anyone know where the graph is that shows the distribution of US sales from foreign companies? I. e., what % of sales in the US come from German, Japanese, British, Canadian, Mexican, etc etc companies? Slightly different from what you're asking (and the data is a few years old), but the chart belo...
by TropikThunder
Fri Mar 30, 2018 11:13 pm
Forum: Investing - Theory, News & General
Topic: The "American companies I invest in already have international exposure" argument --- valid or not?
Replies: 139
Views: 10109

Re: The "American companies I invest in already have international exposure" argument --- valid or not?

It is true statement that people with various cognitive biases use as a justification for tilting their portfolio; however, the argument is a non sequitur. If doing business internationally was the same thing as being a foreign company, the other arguments regarding the increased risks of investing...
by TropikThunder
Fri Mar 30, 2018 11:04 pm
Forum: Investing - Theory, News & General
Topic: The "American companies I invest in already have international exposure" argument --- valid or not?
Replies: 139
Views: 10109

Re: The "American companies I invest in already have international exposure" argument --- valid or not?

MarketWatch(2015): S&P 500 companies generate barely over half their revenue at home https://ei.marketwatch.com/Multimedia/2015/08/19/Photos/ZH/MW-DS526_sp_reg_20150819104334_ZH.jpg?uuid=ab0e6ac4-4680-11e5-9030-0015c588e0f6 Anyone know where the graph is that shows the distribution of US sales from...
by TropikThunder
Fri Mar 30, 2018 10:59 pm
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 9724

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

If you think crypto is 0 then you haven't been paying attention. For the past 8 years crypto has been going through the same boom/bust cycles. Which is why it will never function as an exchange currency outside very small niche markets (mostly in gray/illegal areas where anonymity is worth the vola...
by TropikThunder
Fri Mar 30, 2018 10:17 pm
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 9724

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

If you think crypto is 0 then you haven't been paying attention. For the past 8 years crypto has been going through the same boom/bust cycles. Which is why it will never function as an exchange currency outside very small niche markets (mostly in gray/illegal areas where anonymity is worth the vola...
by TropikThunder
Fri Mar 30, 2018 10:10 pm
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 9724

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

If you think crypto is 0 then you haven't been paying attention. For the past 8 years crypto has been going through the same boom/bust cycles. Which is why it will never function as an exchange currency outside very small niche markets (mostly in gray/illegal areas where anonymity is worth the vola...
by TropikThunder
Fri Mar 30, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: 1040 ES/V - why did my wife receive one?
Replies: 6
Views: 557

Re: 1040 ES/V - why did my wife receive one?

As I recall from the past, if you have to pay with your 1040, the IRS automatically sends you vouchers to use. Since they’re printed with your information, it probably prevents errors that might occur on hand-written vouchers. They’re merely for convenience. It's true that on one occasion I had Tur...
by TropikThunder
Fri Mar 30, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Need to withdraw more excess HSA contribution than is left in the account
Replies: 12
Views: 1084

Re: Need to withdraw more excess HSA contribution than is left in the account

On your 2018 return you will report the earnings from the 2018 1099-SA. They will be taxable for 2018. The $100 excess contribution will carry over from 2017, but because the HSA balance on 12/31/2018 will be $0, there will be not excise tax. What about the instructions for line 42? Since line 49 (...
by TropikThunder
Fri Mar 30, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off PMI or refinance or Appraisal
Replies: 19
Views: 1598

Re: Paying off PMI or refinance or Appraisal

We are paying PMi at 120 month. I could make a payment of about 19k to get under 80% LTV. This would be 1/3 of my savings. PMI will automatically drop in 2021 And lastly since we are in the 5/5 arm at 2.85 it will adjust in July 2019 . I can do a rate adjustment this summer which will lock me in fo...