Search found 2469 matches

by neurosphere
Thu Sep 14, 2017 5:38 pm
Forum: Investing - Theory, News & General
Topic: Medical residents: pre-tax (403b) vs taxable
Replies: 11
Views: 907

Re: Medical residents: pre-tax (403b) vs taxable

Remember that any resident who has loans as anticipates public service loan forgiveness will effectively get a 10% match for every dollar contributed to a deductible account. That's because payments are lowered 10%, and every dollar not paid towards loans is eventually forgiven. So in my financial l...
by neurosphere
Mon Sep 11, 2017 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Non-Governmental 457(b)
Replies: 4
Views: 420

Re: Non-Governmental 457(b)

There are a range of payout options allowed, but it all depends on your plan. Some plans require a lump-sum at severance of employment. I know of a 457 (mine) that allows payout evenly over 10 years as one of three options. All you can do is ensure you are aware of all the available payout options t...
by neurosphere
Fri Sep 08, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 612
Views: 34669

Re: Equifax customer information leak

Mudpuppy wrote:
Fri Sep 08, 2017 10:20 am
End result: I'm not using that site. I don't need Equifax's ID theft monitoring service and the site is just a little too odd for trustworthiness.
At least there is a direct link to that site from the main Equifax page. But perhaps hackers now have taken www.equifax.com too? :|
by neurosphere
Wed Sep 06, 2017 8:28 am
Forum: Investing - Theory, News & General
Topic: BenefitWallet HSA adds 3 Vanguard Index Funds, drops expense ratios
Replies: 1
Views: 409

Re: BenefitWallet HSA adds 3 Vanguard Index Funds, drops expense ratios

Yes, I was pleasantly surprised that our Optum Bank HSA added dozens of new funds, including several Vanguard institutional funds (total stock, total bond, REIT, Short-term corporate, TIPS), and a suite of Schwab Target Date funds. It seems there is a monthly fee of $3.50, but which is waived for us...
by neurosphere
Tue Sep 05, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Mandatory 403b contributions and Defined Contribution Limits
Replies: 12
Views: 682

Re: Mandatory 403b contributions and Defined Contribution Limits

Neurosphere, I read the Cornell webpage showing the 415 Code. However, as I posted on top, from the IRS (https://www.irs.gov/irm/part4/irm_04-072-007.html), 3. Includible compensation does not include: 1. Contributions (vested or not vested) made by the employer to a qualified plan. 2. Contribution...
by neurosphere
Tue Sep 05, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mandatory 403b contributions and Defined Contribution Limits
Replies: 12
Views: 682

Re: Mandatory 403b contributions and Defined Contribution Limits

So in your case, Wizard, the mandatory contribution allowed you to "elect" to put in more than $18,000. E.g. you effectively could contribute $18,000 + 5% of your pay to your 403g. 403(b), not 403g. [sorry. And just for fun I checked, there is no such thing as a 403g. That section doesn't even exis...
by neurosphere
Tue Sep 05, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Mandatory 403b contributions and Defined Contribution Limits
Replies: 12
Views: 682

Re: Mandatory 403b contributions and Defined Contribution Limits

I'll add another data point. My employer had a 5% mandatory 403(b) contribution out of my gross pay. They contributed an additional 10% of my gross pay. Additionally, I could make optional (elective) contributions up to around $18,000 per year, or more for over 50 folks. The combination of all that...
by neurosphere
Tue Sep 05, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Mandatory 403b contributions and Defined Contribution Limits
Replies: 12
Views: 682

Re: Mandatory 403b contributions and Defined Contribution Limits

So, based on your answer, here is my question: what is the difference between a non-elective employee contribution and a non-elective employer contribution when the employer contribution can be part of gross income? (Non-elective employer contributions to an IRC 403(b) plan of the employer ( even i...
by neurosphere
Tue Sep 05, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Mandatory 403b contributions and Defined Contribution Limits
Replies: 12
Views: 682

Re: Mandatory 403b contributions and Defined Contribution Limits

I am reading things differently that you. What you call 3-sub-3 seems to refer to what defines compensation. This is relevant for the purposes of the max, because you cannot contribute more than your compensation. But it also refers to non-elective employER contributions (could a match fall under th...
by neurosphere
Tue Sep 05, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: Has anyone ever experienced automatic collision notification in a car accident?
Replies: 11
Views: 1406

Re: Has anyone ever experienced automatic collision notification in a car accident?

<snip> I suspect that one day there will be front and rear cameras which will transmit the video of the crash to first responders, so they know what they are dealing with even before they get there. Did you see the dashcam video from a Tesla (we are not owners; no vested interest) where the auto-dr...
by neurosphere
Tue Sep 05, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor
Replies: 22
Views: 1924

Re: Vanguard Personal Advisor

livesoft wrote:
Tue Sep 05, 2017 9:16 am
But you got that help before and maybe ignored it?
Or perhaps even simple or easy-to-follow guidance or instruction still resulted in confusion or paralysis.
by neurosphere
Tue Sep 05, 2017 9:03 am
Forum: Personal Consumer Issues
Topic: Has anyone ever experienced automatic collision notification in a car accident?
Replies: 11
Views: 1406

Re: Has anyone ever experienced automatic collision notification in a car accident?

I had a Mercedes that called 911 for me when I got rear-ended and totaled. I was still dazed and confused, my kids were screaming, I had no idea what was going on. But it was extremely helpful for my car to call for me. It didn't use my cell phone. I didn't even know it had that feature. The police...
by neurosphere
Fri Sep 01, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Company 401k is incorrectly dealing with over 50 catch up contribution
Replies: 35
Views: 2829

Re: Company 401k is incorrectly dealing with over 50 catch up contribution

My request for the Plan Document... I'm curious about the specific relevant language in the plan document. Did you find it after talking to the VP? You know, I've never read a plan document (only the summary). I assume that it is must be provided upon request to all 401k participants? I had request...
by neurosphere
Fri Sep 01, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Company 401k is incorrectly dealing with over 50 catch up contribution
Replies: 35
Views: 2829

Re: Company 401k is incorrectly dealing with over 50 catch up contribution

SUCCESS!!! Great news! I had suspected that one explanation was that the plan document limited the contributions (although allowed by the IRS). And folks were interpreting that as "not allowed" by the IRS. But the other, more likely and now true, explanation was that it was all a mistake. Good job ...
by neurosphere
Thu Aug 31, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total Intl Index Fund:ADMRL vs INVESTOR
Replies: 8
Views: 1228

Re: Vanguard Total Intl Index Fund:ADMRL vs INVESTOR

Related question: With the expense ratio, over time, won't there be a price-per-share drift over a long enough timeline? That half-gallon container might be more like a 3/8 gallon container after a decade. Yes, the investor shares will "leak" milk at a slightly greater rate than the admiral shares....
by neurosphere
Thu Aug 31, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 2332

Re: Deffered compensation plan? risky?

Good move to pass. I read this article today and thought of you: https://www.washingtonpost.com/news/morning-mix/wp/2017/08/31/radio-host-and-accused-ponzi-schemer-used-hoodoo-spell-to-thwart-probe-feds-say/?utm_term=.b8bb729edb68 This well known person offered 15% return for people to "invest" in h...
by neurosphere
Tue Aug 29, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Company 401k is incorrectly dealing with over 50 catch up contribution
Replies: 35
Views: 2829

Re: Company 401k is incorrectly dealing with over 50 catch up contribution

The IRS has been clear about the over 50 catch-up contribution (limit of 6,000) not counting towards the 54,000 overall contribution limit. Despite me sending IRS links to my company plan administrator, they continue to insist that the over 50 catch-up contribution counts toward the 54,000 overall ...
by neurosphere
Mon Aug 28, 2017 7:41 am
Forum: Investing - Help with Personal Investments
Topic: What counts as income? (planning retirement withdrawal strategy)
Replies: 13
Views: 1201

Re: What counts as income? (planning retirement withdrawal strategy)

To be more precise, Roth...conversions can be withdrawn at any time tax-free since they were already taxed. Maybe semantics but the 10% penalty for withdrawing conversion principal prior to five years would act the same as a tax. Related question I've never really thought about before, and will ask...
by neurosphere
Mon Aug 28, 2017 1:04 am
Forum: Investing - Help with Personal Investments
Topic: What counts as income? (planning retirement withdrawal strategy)
Replies: 13
Views: 1201

Re: What counts as income? (planning retirement withdrawal strategy)

AND they don't count as income? That's what I'm trying to figure out. Define "income". Are Roth withdrawals taxable income? (in general) no. Are Roth withdrawals 'income' because you can spend the money? Yes. 'Income' can have different meanings in different situations. What kind of income are you ...
by neurosphere
Mon Aug 28, 2017 12:45 am
Forum: Investing - Help with Personal Investments
Topic: What counts as income? (planning retirement withdrawal strategy)
Replies: 13
Views: 1201

Re: What counts as income? (planning retirement withdrawal strategy)

"Roth IRA earnings: Depends on age" What does this mean? Do earnings not count as income after 60? Withdrawals of earnings in a Roth IRA are tax free if the withdrawals are "qualified". In general after age 59.5 withdrawals of earnings are tax free, yes. Under most circumstances that don't involve ...
by neurosphere
Sat Aug 26, 2017 12:35 pm
Forum: Investing - Theory, News & General
Topic: The Unsolvable Puzzle by Morgan Housel
Replies: 11
Views: 1850

Re: The Unsolvable Puzzle by Morgan Housel

What’s unique about passive investing is its ability to benefit from this constant change, without having to constantly be reacting to all the turmoil. I wonder though if passive investing might in the future miss out on the best investing opportunities . It seems like one of the capital market's e...
by neurosphere
Tue Aug 22, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: 401k match [company withholding income to offset company match]
Replies: 21
Views: 1448

Re: 401k match [company withholding income to offset company match]

Ah, I think I was confused about what was going on, and now I understand. I was confused with the term "reimburse". Is the summary essentially that your "profit sharing" contribution from the employer basically is coming out of your paycheck, and is not costing the employer any "profits"? I know two...
by neurosphere
Tue Aug 22, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: 401k match [company withholding income to offset company match]
Replies: 21
Views: 1448

Re: 401k match [company withholding income to offset company match]

Essentially they are "working around" the individual max by filtering it through the company. I have many issues related to this whole situation but my first is how this would be viewed by the irs during an audit. I'm not sure what you mean by "working around the individual max". Which max? Also, j...
by neurosphere
Tue Aug 22, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: 401k match [company withholding income to offset company match]
Replies: 21
Views: 1448

Re: 401k match [company withholding income to offset company match]

Also, there is a $53,000 limit (or thereabouts) on the total 401k contributions employee+match+profit sharing+other per employer. Is it possible that one or more of those components put you over the limit for 2016? Is there a 457 plan involved? Off the top of my head, I don't know if 457 contributio...
by neurosphere
Tue Aug 22, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: 401k match [company withholding income to offset company match]
Replies: 21
Views: 1448

Re: 401k match [company withholding income to offset company match]

Yup. That is what is happening. How much was your match? How much was your profit sharing? How much are they keeping from your pay? I'm wondering if this is a legal way to have a safe-harbor plan (which seems to be more convenient and cheaper to maintain compared to a plan which requires compliance...
by neurosphere
Tue Aug 22, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: 401k match [company withholding income to offset company match]
Replies: 21
Views: 1448

Re: 401k match [company withholding income to offset company match]

I'm not sure I understand what's happening with your 401k, but here is my guess. It seems that your profit sharing contribution is being reduced by some amount. You contributed to the 401k, and you got the match which qualifies the plan as a 'safe harbor' plan. But profit sharing is optional, and th...
by neurosphere
Tue Aug 22, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Long-term Strategy – Mega backdoor ROTH and 529
Replies: 9
Views: 788

Re: Long-term Strategy – Mega backdoor ROTH and 529

Just a bit of a disagreement, since I have two 529s and live in PA. PA allows you to use another state's 529, which we do: we use Vanguard's (Nevada). There's a pretty broad choice of investments, and in my experience the ERs are not higher than what PA charges, so that should not be a determining ...
by neurosphere
Mon Aug 21, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Long-term Strategy – Mega backdoor ROTH and 529
Replies: 9
Views: 788

Re: Long-term Strategy – Mega backdoor ROTH and 529

A summary of features of an after-tax 401k (which allows in-service rollovers to a Roth): -- No tax deduction on contributions -- Tax-deferral while in the account -- You can choose any custodian to receive the rollover, and pay rock-bottom fees -- No income taxes on withdrawals for any purpose, ass...
by neurosphere
Mon Aug 21, 2017 7:06 am
Forum: Personal Finance (Not Investing)
Topic: LLC + tax deductions
Replies: 5
Views: 507

Re: LLC + tax deductions

I found this book to be very helpful resource, and I think it's worth the money: http://evergreensmallbusiness.com/ebooks/small-business-tax-deduction-secrets/ It was previously available on Amazon, but now you have to purchase it directly. But the reviews are still available to read on Amazon: http...
by neurosphere
Sun Aug 20, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: MUST my employer ensure I do not over-contribute to my 401k?
Replies: 10
Views: 1614

Re: MUST my employer ensure I do not over-contribute to my 401k?

The way it worked with my megacorp when I was working was that once my tax deferral limit was reached my remaining contributions were "after-tax" and the corporate match stopped. "Excess contributions" weren't returned, they were just after tax with no match. What happened if the after-tax limit wa...
by neurosphere
Sun Aug 20, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: MUST my employer ensure I do not over-contribute to my 401k?
Replies: 10
Views: 1614

Re: MUST my employer ensure I do not over-contribute to my 401k?

Anyway, the summary seems to be that i (no one?) don't have to worry about accidentally exceeding the $53,000 415(c) (not sure if I'm citing the correct section for this) limits. The limit is imposed on the employer. They can either prevent it from happening in the first place or they can correct i...
by neurosphere
Sun Aug 20, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: After Tax 401K Contributions Advice
Replies: 22
Views: 1495

Re: After Tax 401K Contributions Advice

For plans that do not allow "in-service" distributions of the after-tax account in your 401k, the advice is usually to not bother to use it. This is just not true. Tenures are short these days. Even if you have to wait a few years, earnings still won't be much. Plus there's opportunity for in-plan ...
by neurosphere
Sun Aug 20, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: MUST my employer ensure I do not over-contribute to my 401k?
Replies: 10
Views: 1614

MUST my employer ensure I do not over-contribute to my 401k?

[Summary to this post...this is a frequent question which comes up, and it seems that qualified employer plans MUST ensure that contribution limits are not exceeded... In order for a plan to qualify, it must preclude the possibility that the §415 limitations will be exceeded; that is, the plan must ...
by neurosphere
Sat Aug 19, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone roll their tIRA into the TSP?
Replies: 39
Views: 2312

Re: Anyone roll their tIRA into the TSP?

Thanks for the detailed write-up! So, based on those two potentially conflicting wordings, if someone is active duty and covered by the TSP, and there were $0 from the employee and employer, would one still be able to fund a traditional IRA ? Be careful. Anyone is able to contribute to a traditiona...
by neurosphere
Sat Aug 19, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: IBonds: My worst bond investment over the last 5 years
Replies: 74
Views: 7417

Re: IBonds: My worst bond investment over the last 5 years

My point was that few would have predicted this [low inflation and low rates. NS] 5 years ago, including myself. That's all. Few here predict anything at all, in terms of short-medium term results. Or rather many make LOTS of predictions, but don't act on them. But over longish terms, most BH predi...
by neurosphere
Fri Aug 18, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking further Roth IRA explanation.
Replies: 17
Views: 1058

Re: Seeking further Roth IRA explanation.

Also this Roth ira is independent from my job, I opened it on my own... will I pay taxes on what I put it in now from my bank or is that only taxed when it comes straight from your paycheck? All Roth IRAs are independent from your job. :D Roth IRAs do not affect your taxes, in that Roth contributio...
by neurosphere
Fri Aug 18, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking further Roth IRA explanation.
Replies: 17
Views: 1058

Re: Seeking further Roth IRA explanation.

Frank Grimes wrote:
Fri Aug 18, 2017 4:00 pm
You could just buy the ETF versions of those funds
That's true, but it sounds as if the original poster (OP) is very much just starting out and a novice at investing. In which case, my advice is to ignore ETFs for now (and maybe forever) and stick with mutual funds.
by neurosphere
Fri Aug 18, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone roll their tIRA into the TSP?
Replies: 39
Views: 2312

Re: Anyone roll their tIRA into the TSP?

In the civilian TSP for FERS participants, there is an automatic 1% contribution from the government regardless of whether the employee contributes or not. I don't know if that is true for the military or how that impacts this issue. Wouldn't someone in the military be covered by a pension, and "el...
by neurosphere
Fri Aug 18, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone roll their tIRA into the TSP?
Replies: 39
Views: 2312

Re: Anyone roll their tIRA into the TSP?

One more important semantic point to emphasise based on my post above. As the IRS quote clearly shows, "eligibility" only applies to defined benefit plans, and not to defined contribution plans. And I suspect this is where a lot of the confusion comes from. Many folks assume that the 'eligible' defi...
by neurosphere
Fri Aug 18, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Anyone roll their tIRA into the TSP?
Replies: 39
Views: 2312

Re: Anyone roll their tIRA into the TSP?

One thing I've always wondered about this wording "covered by an employer for a 401k". If there is a 401k, but you didn't contribute at all that year, does that mean one can have a deductible tIRA that year? I believe the availability of the 401(k) is all that matters. If we are talking about a def...
by neurosphere
Thu Aug 17, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: Little P**S Ants
Replies: 59
Views: 8339

Re: Little P**S Ants

invst65 wrote:
Thu Aug 17, 2017 3:59 pm
...but now the original little [ants --admin LadyGeek] are back. They are eating the terro bait again but I'm getting sick of it.
I missed this comment in my earlier post. If they are eating the terro bait now, chances are they will eventually die. But it can take a while for this to occur.
by neurosphere
Thu Aug 17, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: Little P**S Ants
Replies: 59
Views: 8339

Re: Little P**S Ants

I put down terro ant killer and that got rid of them for a while but then they were replaced by a little, tiny black species that didn't seem interested in the terro bait at all. It seems you are saying that this current ant problem is not helped by Terro, which suggests they are not sugar ants. Ma...
by neurosphere
Thu Aug 17, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Billing 99212 for rx refill?
Replies: 42
Views: 3427

Re: Billing 99212 for rx refill?

sawhorse wrote:
Thu Aug 17, 2017 4:38 pm
goodenyou wrote:
Thu Aug 17, 2017 2:37 pm
Just out of curiosity, how much were you billed? Most 99212 charges are minimal. I think Medicare reimburses close to $25 for a 99212. It is less than 1 RVU.
$50
My boss(es) would be thrilled to have me bill $50 for a refill. :moneybag
by neurosphere
Thu Aug 17, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA - what to do with gains?
Replies: 17
Views: 1818

Re: Mega Backdoor Roth IRA - what to do with gains?

Yes, and since the checks were made out to CCD, there may have been taxes withheld. Doesn't anything withheld need to be added back to complete the transfer? That's a good point. If any taxes have been withheld, those need to be added back so that they stay with the rollover. Otherwise the taxes wi...
by neurosphere
Thu Aug 17, 2017 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA - what to do with gains?
Replies: 17
Views: 1818

Re: Mega Backdoor Roth IRA - what to do with gains?

I like kicking the tax can down the road. I would put it in your trad IRA then roll the trad IRA back into your pre-tax 401k. -steph I'm just trying to follow what you're saying: since the gains from your after tax contributions are "pre-tax " you say roll them into a tIRA then roll them back into ...
by neurosphere
Wed Aug 16, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover Fees with bad 401K
Replies: 20
Views: 1039

Re: Rollover Fees with bad 401K

-- Most 401ks will not allow a rollover to an IRA while you are still employed. Do you know if this is possible? -- Can you list all the funds and expense ratios in the 401k? What's the other Vanguard fund available to you? -- Are there other investing fees besides the mutual fund expense ratios? --...
by neurosphere
Wed Aug 16, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Billing 99212 for rx refill?
Replies: 42
Views: 3427

Re: Billing 99212 for rx refill?

When you sign the contract to be an in network provider with the insurance company I am sure somewhere in there it says you agree to use the codes correct. That means if you bill code XXXXX then you did what it explains as code XXXXX. If you are in a procedural field you will notice that many of th...
by neurosphere
Wed Aug 16, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Accountant liable for penalties?
Replies: 33
Views: 3348

Re: Accountant liable for penalties?

Update: My sister talked to the accountant, and he advised sending in the payment to stop the interest clock from running, and he is going to write a letter to the state explaining the situation and asking for a refund for the penalties. He apparently was not aware that payment had to be send in wh...
by neurosphere
Wed Aug 16, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Billing 99212 for rx refill?
Replies: 42
Views: 3427

Re: Billing 99212 for rx refill?

NS, No it is fraud to use a billing code for something it is not meant for, just like it is to upcode AND downcode. The codes are made for CMS and the commercial insurers just follow suit. That is why it is a big deal when CMS cuts reimbursement because everyone else's fee schedule is just a % of m...
by neurosphere
Wed Aug 16, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Billing 99212 for rx refill?
Replies: 42
Views: 3427

Re: Billing 99212 for rx refill?

Electronic records are no quicker and actually slower because the doctor has to weed through the same pages of useless material to find the info they need. Electronic records do not help the doctor nor the patient. They only help the administrative/government agencies who like to data mine to find ...