Search found 1094 matches

by furwut
Tue Dec 06, 2016 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Beneficiary Ira RMD
Replies: 6
Views: 550

Re: Beneficiary Ira RMD

If you have an HSA eligible HDHP (High Deductible Health Policy) you could invest money there.
by furwut
Tue Dec 06, 2016 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is Federal Health Benefits Program A Good System?
Replies: 31
Views: 2007

Re: Is Federal Health Benefits Program A Good System?

Re: Are federal employees healthier? Somewhere someone may have that data. I recently read a few articles pointing out that having only sporadic access to health care, often due to unaffordable health insurance, does result in a marked decrease to one's overall health. Within the ACA individual mark...
by furwut
Sun Dec 04, 2016 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Monthly automated transactions [brokers who offer them]
Replies: 7
Views: 530

Re: Monthly automated transactions [brokers who offer them]

It appears brokerages don't want to deal with the fractional shares issue. Take a look at Capital One Financial Share Builder service. https://www.capitaloneinvesting.com/main/investing/tools.aspx P.S. Have you considered that by focusing on buying individual securities you may be creating a portfol...
by furwut
Sat Dec 03, 2016 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Monthly automated transactions [brokers who offer them]
Replies: 7
Views: 530

Re: Monthly automated transactions [brokers who offer them]

I don't know about buying individual stocks but Vanguard (and I'm sure nearly all mutual fund providers) supports automatic investment from, for example, a checking account.
by furwut
Sat Nov 19, 2016 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: how much to save for retirement
Replies: 30
Views: 3698

Re: how much to save for retirement

should I account for social security in my calculations? I agree with klang - at this point no need to nail that figure down. Also check out The White Coat Investor . With the size of your school loan debt you definitely want to research loan forgiveness programs. This site will probably have some ...
by furwut
Sat Nov 19, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: how much to save for retirement
Replies: 30
Views: 3698

Re: how much to save for retirement

Personally I believe in aggressively saving around 15 - 25% of gross income. With your income you may well be able to save an even higher percentage! Having a high savings rate from the get go makes it a habit and doing so for a decade or two can give one the option of working, going part-time or ev...
by furwut
Sat Nov 19, 2016 2:33 pm
Forum: Investing - Theory, News & General
Topic: How a friend legally front-ran the market and made millions
Replies: 29
Views: 4897

Re: How a friend legally front-ran the market and made millions

I'm skeptical that individuals can repeatedly and successfully front run the market. Anybody can get lucky though. A really interesting read is Flash Boys: A Wall Street Revolt which is about how high frequency trading firms have spent millions to gain just a few milliseconds trading advantage over ...
by furwut
Sat Nov 19, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Early retire considering Self-Insurance for healthcare
Replies: 83
Views: 5951

Re: Early retire considering Self-Insurance for healthcare

furwut, Yes, you are correct. But, if the goal is to avoid paying ACA penalty and spend as little as possible on "insurance", it might work well enough. KlangFool I don't see how really. The suggested sharing amount, in lieu of a premium, is just the start. If there are large claims then ...
by furwut
Sat Nov 19, 2016 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Early retire considering Self-Insurance for healthcare
Replies: 83
Views: 5951

Re: Early retire considering Self-Insurance for healthcare

I believe low-cost alternative do exist. And, you do not have to pay ACA penalty either. Below is one of the alternative. http://libertyhealthshare.org/3-program-options KlangFool FYI - this is not real insurance but is, rather, a faith based pool. The ability and willingness of such organizations ...
by furwut
Sat Nov 19, 2016 2:00 pm
Forum: Investing - Theory, News & General
Topic: Highly compensated Employee
Replies: 37
Views: 4224

Re: Highly compensated Employee

Options seem limited. Suck it up or seek employment elsewhere. Thats about the size of it. Of course if you wife does change jobs be sure to indicate the dissatisfaction with the 401k limit. I was limited by the HCE for many years where I worked. My salary always just hovering above. I too thought ...
by furwut
Sat Nov 19, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Early retire considering Self-Insurance for healthcare
Replies: 83
Views: 5951

Re: Early retire considering Self-Insurance for healthcare

Even in the present day, the largest federal program subsidizing health insurance for working age Americans is the exclusion of employer-provided insurance from taxable income, a provision that dates back to 1942 ... To me, people keeping their own money is not a subsidy. Taking some people's money...
by furwut
Sat Nov 19, 2016 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Early retire considering Self-Insurance for healthcare
Replies: 83
Views: 5951

Re: Early retire considering Self-Insurance for healthcare

GIven this health insurance question, I am curious if you also self-insure your car (at least your collision) and your home? If you have a loan lenders require you carry insurance to protect their interest. Once you own your home free & clear you may be able to drop insurance altogether. Some t...
by furwut
Mon Nov 14, 2016 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Should I roll my traditional IRA into current 401K?
Replies: 4
Views: 235

Re: Should I roll my traditional IRA into current 401K?

should I roll the traditional IRA into my current 401K (available funds have very good ERs) so I can contribute to a Roth via the backdoor? If you are already maxing out your 401k and your plan allows a roller then yes. having money in a Roth provides some flexibility down the road with income dive...
by furwut
Sun Nov 13, 2016 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: IRA withdrawal Equal Roth Conversion for Zero Tax?
Replies: 10
Views: 776

Re: IRA withdrawal Equal Roth Conversion for Zero Tax?

Would these 2 items be equal in terms of the tax impact ? If they are Not equal, how are they different, again, purely from a "taxable event" point-of-view ? Unless there is a need to meet spending needs wouldn't one prefer to do the Roth conversion? Going forward you've lessened any futu...
by furwut
Sun Nov 13, 2016 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Wealthy aunt is willing to allow me borrow $$ for medical school. How to best approach this?
Replies: 70
Views: 6702

Re: Wealthy aunt is willing to allow me borrow $$ for medical school. How to best approach this?

There is less risk if OP finances medical school thru loans first and then, upon graduation and start of residency, reconsiders the Aunt's offer. Think how terrible it would be if the OP was to incur $200,000 of debt from the Aunt but then, maybe to unforeseen circumstances, not be in a position to ...
by furwut
Fri Nov 11, 2016 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: 50% Increase in my Long Term Care Policy
Replies: 23
Views: 2603

Re: 50% Increase in my Long Term Care Policy

Taking out a LTC insurance policy can be described as a bet where its Heads they Win and Tails I Lose.
by furwut
Sun Nov 06, 2016 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have more than one taxable account at Vanguard?
Replies: 5
Views: 668

Re: Is it possible to have more than one taxable account at Vanguard?

I have 2 taxable accounts at Vanguard. They are titled John Doe -1 and John Doe -2. I currently do not have any assets in John Doe -2. Ask your VG representative to create an additional account.
by furwut
Wed Nov 02, 2016 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth -- shell game with a 401(k)
Replies: 14
Views: 1234

Re: Backdoor Roth -- shell game with a 401(k)

Wouldn't you potentially owe taxes on gains you've made on the second IRA (e.g, $15,000) account that you've held for the "last several years".
by furwut
Tue Nov 01, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Proof of income for ONLY Roth IRA Conversions (ACA 2017)
Replies: 6
Views: 844

Re: Proof of income for ONLY Roth IRA Conversions (ACA 2017)

Thanks for the discussion. I'm facing the same issue with my state exchange. My plan is to incur capital gains sometime in December to raise my income for 2016 to qualify for a premium tax credit when I file taxes in April. For 2017 I'd like to get the tax credit upfront as my premium has, otherwise...
by furwut
Sun Oct 30, 2016 1:00 pm
Forum: Personal Consumer Issues
Topic: Electronics Recycling
Replies: 14
Views: 1018

Re: Electronics Recycling

Ideally you would remove and destroy the hard drive yourself. Once you've turned in a computer for recycling there is just no way of telling where the chain of custody will go. On the other hand just about any personal data about oneself can be had commercially for a few dollars on the internet if s...
by furwut
Sat Oct 29, 2016 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 11042

Re: 2017 ACA plan previews

Just got my renewal letter. Premium increase nearly 75%! :annoyed But its not apples-to-apples. For 2016 I had a Bronze level HSA plan with a $6000 deductible. The insurer is proposing to enroll me in one of the new standard plans that provide co-pays even before the deductible is met. Since I rarel...
by furwut
Tue Oct 25, 2016 7:57 pm
Forum: Personal Consumer Issues
Topic: Where to go for blood tests (w. no insurance)
Replies: 22
Views: 2280

Re: Where to go for blood tests (w. no insurance)

Try to find what the insurers are allowing for the tests costs and pre-negotiate. On my last physical the EOB statement I received showed a test was charged at $121 but accepted payment was $3.
by furwut
Mon Oct 24, 2016 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 1694

Re: TurboTax 2016--Schd D repeat

After probably 20 years with TurboTax I used TaxAct last year. Removing the schedule was not an oversight on the part of Intuit. It was a sneaky way to increase prices.
by furwut
Mon Oct 24, 2016 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 11042

Re: 2017 ACA plan previews

Does anyone know the rules on whether one can just opt out of employer plan and chose an ACA plan? How does it affect the employer if too many people go on the exchange? You can waive employer coverage but you won't be eligible for a subsidized ACA policy unless your employer coverage is unaffordab...
by furwut
Sat Oct 22, 2016 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: HSA>TD Ameritrade>questions
Replies: 12
Views: 706

Re: HSA>TD Ameritrade>questions

You are on the right path in seeking to limit the number of trades due to the fee. I too have an HSA linked to the TD Ameritrade brokerage. I purchase shares of Vanguard EFTs for which TD doesn't charge a trading fee. Do you not have these available to you?
by furwut
Sat Oct 22, 2016 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Side gig: proposed payment in shares of LLC. Run toward or away?
Replies: 21
Views: 1113

Re: Side gig: proposed payment in shares of LLC. Run toward or away?

An involved side gig might represent 20 hours of work a week for 50 weeks. So 1000 hours @ $100/hr (OP can adjust per actual 1099 experience) means a $100,000 investment on your husband's part. I think it worth the cost of a few hundred dollars to run this contract by an appropriate attorney. A worr...
by furwut
Sat Oct 22, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Side gig: proposed payment in shares of LLC. Run toward or away?
Replies: 21
Views: 1113

Re: Side gig: proposed payment in shares of LLC. Run toward or away?

The problem that immediately jumps out at me is that until the company is sold $x and $xxx are entirely hypothetical. Unless there already is a committed and contracted buyer for this company you should be prepared for all your husband's to be compensated at $0.00.
by furwut
Fri Oct 21, 2016 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid or Obamacare
Replies: 21
Views: 2105

Re: Medicaid or Obamacare

OP should also look into cost- sharing Obamacare Silver level plans. No only would you get a premium subsidy but your out of pocket expenses are reduced. I believe that while ACA simplified Medicaid enrollment by eliminating tests other than income States do retain the right and obligation to recove...
by furwut
Thu Oct 20, 2016 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Income Floor
Replies: 8
Views: 1311

Re: Retirement Income Floor

What Im struggling with is how much to annuitize


Determine how much income you want add in an inflation expectation and go from there.
by furwut
Thu Oct 20, 2016 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Income Floor
Replies: 8
Views: 1311

Re: Retirement Income Floor

I just read this really interesting article:

Longevity Insurance Compared To Stock & Bond Returns
by furwut
Wed Oct 19, 2016 4:40 pm
Forum: Personal Consumer Issues
Topic: Apple purchase with Apple Financing?
Replies: 20
Views: 1992

Re: Apple purchase with Apple Financing?

One reason to buy new now is so that your laptop remains pleasant to use in years 6, 7 and 8. This does not apply for cheap laptops.
by furwut
Mon Oct 17, 2016 8:25 pm
Forum: Personal Consumer Issues
Topic: What iPhone podcast application do you use?
Replies: 25
Views: 2007

Re: What iPhone podcast application do you use?

I use Apple's Podcast. Good enough for me.
by furwut
Mon Oct 10, 2016 2:23 pm
Forum: Investing - Theory, News & General
Topic: BlackRock Cuts Prices on ETFs
Replies: 62
Views: 5189

Re: iShares v Vanguard ETF Expense Ratios

Isn't competition wonderful?

However, as a non-profit, Vanguard may be at a disadvantage against a for-profit competitor who may be willing to subsidize the costs in one fund as a loss leader.
by furwut
Sun Oct 09, 2016 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Montecarlo simulation for retirement savings rate, second post of a young investor
Replies: 42
Views: 2659

Re: Montecarlo simulation for retirement savings rate, second post of a young investor

Projections far into the future are fun but I don't know how much reliance we should put on them. I prefer a simpler approach of suggesting one should save 15 - 25% of gross income. You might find Wade Pfau's paper on Minimum Savings Rate (MSR) interesting. Safe Savings Rates: A New Approach to Reti...
by furwut
Sun Oct 09, 2016 3:05 am
Forum: Personal Finance (Not Investing)
Topic: ACA renewal - shop around.
Replies: 29
Views: 2614

Re: ACA renewal - shop around.

Furwut: i wasn't aware of October 2016 being the last time I could renew a grandfathered plan. Would you or another poster be kind enough to provide me with a reference on that so I can research that further. I had hoped to be able to wait until after the election to make a final decision. Thanks f...
by furwut
Sat Oct 08, 2016 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: ACA renewal - shop around.
Replies: 29
Views: 2614

Re: ACA renewal - shop around.

When I researched COBRA and ACA awhile back ... I think you may be right about there being an issue if you want to enroll in ACA outside of the enrollment period and before your COBRA benefit has expired. This page describes the exceptions to enroll in ACA outside of open enrollment - one of them b...
by furwut
Sat Oct 08, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: ACA renewal - shop around.
Replies: 29
Views: 2614

Re: ACA renewal - shop around.

On the faith-based programs: I have no direct experience, so this is merely a question. Are those actually insurance? [Being in a risk pool with people who are living right sounds appealing, but I'd be concerned about whether the coverage will be there if you need it.] No, it's not an insurance and...
by furwut
Sat Oct 08, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: ACA renewal - shop around.
Replies: 29
Views: 2614

Re: ACA renewal - shop around.

ACA applies to all health insurance, not just plans offered on exchanges. But not to Grandfathered (i.e., pre-ACA) plans that one has maintained continuous enrollment in. It looks like this month (Oct 2016) may be the last time that one can renew a grandfathered plan. After this month, when your pl...
by furwut
Sat Oct 08, 2016 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Physician in need of help
Replies: 26
Views: 2894

Re: Physician in need of help

A couple of notes: Your retirement savings are below grade for your income. Probably not atypical for a physician 2 years out of residency. Second: how can you legally claim your fiancee as a dependent? That seems sketchy to me. Yeah - OP may want to revisit that with a tax adviser. Dependents for ...
by furwut
Sat Oct 08, 2016 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Physician in need of help
Replies: 26
Views: 2894

Re: Physician in need of help

With respect to using a Target Date Fund ask yourself this series of questions: If you can answer yes to the following questions then a Target Date Fund is a good fit for you. 1) Does selecting a small number of individual funds to achieve proper allocation and diversity and periodically (e.g., once...
by furwut
Fri Oct 07, 2016 9:23 am
Forum: Investing - Help with Personal Investments
Topic: HSA investment assessment
Replies: 4
Views: 657

Re: HSA investment assessment

There are extra fees when investing through an HSA. Ideally you want a custodian that charges the lowest fees while providing good investment options. Once you have accumulated a larger balance the fees won't matter as much. See The Finance Buff for suggestions: Best HSA Provider for Investing HSA M...
by furwut
Fri Oct 07, 2016 9:08 am
Forum: Personal Consumer Issues
Topic: 1Password on iOS
Replies: 13
Views: 1295

Re: 1Password on iOS

1Password appears to be shifting their business model to a subscription model. There is also the issue many app developers have had with the Apple App Store not facilitating paid upgrades. 1P has come out with a "Pro" in app purchase for their iOS app that allows additional category format...
by furwut
Fri Oct 07, 2016 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Interest Checking Account - Credit Union
Replies: 20
Views: 1661

Re: Interest Checking Account - Credit Union

An issue that has been raised with Consumers is that the POS transactions to qualify for the bonus have to be processed as credit not debit. Presumably Consumers gets a higher merchant fee for credit transactions. One can not be certain how a merchant will process a transaction. Even if you select c...
by furwut
Fri Oct 07, 2016 8:28 am
Forum: Personal Finance (Not Investing)
Topic: ACA renewal - shop around.
Replies: 29
Views: 2614

Re: ACA renewal - shop around.

OP may be in California. Looks like the state managed exchange, Covered California, began renewals in October.
by furwut
Wed Oct 05, 2016 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Moving From Quicken: Moneydance, YNAB, GnuCash or other?
Replies: 32
Views: 2864

Re: Moving From Quicken: Moneydance, YNAB, GnuCash or other?

You can also take a look at Mint. It was owned by Intuit as well so maybe it was sold too as part of the package? Mint is free but the number one issue some people have is that you have to give them the passwords to your financial accounts. I've used Mint for many years and it is a great aggregator....
by furwut
Wed Oct 05, 2016 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I take government job or stick with job at Megacorp?
Replies: 45
Views: 4158

Re: Should I take government job or stick with job at Megacorp?

If I'm reading this correctly, the decision seems like a no-brainer. Take a government job AND get a 5% pay increase? Normally the debate is, "should I take a pay decrease with the government job?". It's the relocation part that has me thinking really hard about this. I've been underpaid ...
by furwut
Wed Oct 05, 2016 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Should I take government job or stick with job at Megacorp?
Replies: 45
Views: 4158

Re: Should I take government job or stick with job at Megacorp?

You would be very hard put to match the retirement benefits with a private sector job. COL pension plus employer paid health insurance should make an early retirement, if you desire, very possible. Also don't underestimate the value of job security with federal employment. I know several people who ...

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