Search found 273 matches

by nps
Mon Jan 16, 2017 6:51 am
Forum: Personal Finance (Not Investing)
Topic: HDHP vs [HDHP + HMO(dependant on partner's plan)]
Replies: 8
Views: 289

Re: HDHP vs [HDHP + HMO(dependant on partner's plan)]

Coordination of benefits is definitely a real thing. After all, someone has to be the first payer for claims. Where I might not trust the Internet would be in how that determination is made. Your current and your wife's new insurance company, and perhaps your state regulator, should be able to help ...
by nps
Sun Jan 15, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Separating Employee and Independent Contractor Business Expenses
Replies: 3
Views: 200

Re: Separating Employee and Independent Contractor Business Expenses

1. Yes
2. It doesn't matter to the IRS as long as you are keeping good records on which expenses are associated with employment and which are associated with your 1099 income
by nps
Sat Jan 14, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can you check my HSA math?
Replies: 12
Views: 556

Re: Can you check my HSA math?

Another wrinkle, is my wife will be leaving work effective 8/31. She will be on COBRA (most likely) so I am hesitant to use the last month rule since she would have to be on COBRA for the entire next year. I misread your spreadsheet originally as well. I used the last month rule because it's simple...
by nps
Sat Jan 14, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can you check my HSA math?
Replies: 12
Views: 556

Re: Can you check my HSA math?

That's really not how it works. First, understand that there is little difference between the maximum for two individuals ($6800) and family ($6750). Under the last month rule your wife, if covered under a family HDHP on the first day of December, is eligible to contribute up to $6750 for the year. ...
by nps
Sat Jan 14, 2017 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Compounding of stock returns
Replies: 14
Views: 1065

Re: Compounding of stock returns

Say you use dividends for expenses, will this result in a larger than expected reduction due to loss of compounding in returns 20- 30 yrs down the line as opposed to reinvesting? I would say it depends on what happens to the dividends after they are paid. If they are immediately spent against expen...
by nps
Sat Jan 14, 2017 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Compounding of stock returns
Replies: 14
Views: 1065

Re: Compounding of stock returns

I am curious why you are asking. How would it matter to you if dividend reinvestment counted as "compounding" or not?
by nps
Sat Jan 14, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Help with taxes
Replies: 26
Views: 1640

Re: Help with taxes

Did you use a W-4 calculator or just wing it to adjust the number? The tax does not look out of whack for your income, but deductions like IRA or HSA contributions can still be used to reduce taxable income for 2016. You can deduct expenses for your side business on Schedule C. I am guessing that a ...
by nps
Thu Jan 12, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: HSA (Spouse + Me) and FSA (Spouse)?
Replies: 3
Views: 302

Re: HSA (Spouse + Me) and FSA (Spouse)?

You're definitely allowed to make a claim with the FSA. In fact if you or your employer never contributed to your HSA then you don't have any problems at all. As Artful Dodger points out you may be OK even if you did contribute, depending on when the FSA was established and how much was contributed ...
by nps
Wed Jan 11, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Options for parents' Social Security
Replies: 21
Views: 1606

Re: Options for parents' Social Security

Appreciate the replies. mac808, based on the information here I can't see why two 66-year olds who do not otherwise intend to claim would not have the spouse with the lower higher earnings file a restricted application. There does not appear to be a downside in that situation. Edit: Zott, you're rig...
by nps
Wed Jan 11, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Options for parents' Social Security
Replies: 21
Views: 1606

Re: Options for parents' Social Security

Yeah, FRA went away when she filed at 62. Roughly should be 25% more than the amount she first received at 62. Thanks for the estimate. She's been full time employed since 62 though, and had many years without income, so I suspect it might be higher? Not sure whether there is an easier way for her ...
by nps
Wed Jan 11, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Options for parents' Social Security
Replies: 21
Views: 1606

Re: Options for parents' Social Security

Since your dad was at least 62 by Dec 2015, he can file a restricted application as your moms spouse, and collect a spousal benefit, which would be 1/2 of your moms FRA benefit. Ace1, thanks. Do you or anyone know how easy it is to determine FRA benefit for someone who claimed early? I am sure my m...
by nps
Wed Jan 11, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Options for parents' Social Security
Replies: 21
Views: 1606

Re: Options for parents' Social Security

Thanks, you are both hitting on my concern. I am hoping they hold off as long as possible to maximize their monthly benefit. However, they will need some additional income if my dad further reduces his workload. My mom will get a small pension when she retires and they have a bit set aside in retire...
by nps
Wed Jan 11, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Options for parents' Social Security
Replies: 21
Views: 1606

Options for parents' Social Security

My dad is reaching age 66 shortly and is planning on filing then. My mom is a few months younger and filed at age 62 on her own earnings record. Lifetime my dad probably has a much higher earnings record. They both still work, and both are also covered under my mom's employer provided healthcare. My...
by nps
Mon Jan 09, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 3975

Re: Predicting future Net Worth

I agree with previous posters on firecalc for what you're trying to do.

I do run regression lines on my NW history also, it's interesting if not a particularly useful predictor. See what Excel shows as your r-squared values for the linear and exponential fit.
by nps
Mon Jan 09, 2017 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: help with small account
Replies: 4
Views: 373

Re: help with small account

Looks like your combination is a balanced mix close to the desired asset allocation you indicated but with REITs and without International, and the 401(k) match outweighs the fees. I would look to an IRA for her next though after hitting the maximum match. Also, if your annual contribution details r...
by nps
Sun Jan 08, 2017 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal IRA -> Backdoor Roth IRA, and Spousal Income
Replies: 6
Views: 403

Re: Spousal IRA -> Backdoor Roth IRA, and Spousal Income

If between you there is sufficient compensation to make both original IRA contributions then there is not an issue with your spouse's individual compensation.

Pro-rata only comes into play if either of you convert less than the full balances across all your traditional, SEP and SIMPLE IRAs.
by nps
Sun Jan 08, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Payflex HSA (via Aetna HDHP at FEHB) - New Vanguard Fund Options
Replies: 27
Views: 2297

Re: Payflex HSA (via Aetna HDHP at FEHB) - New Vanguard Fund Options

Have the Payflex HSA (via AETNA HDHP at FEBH). I would like to move the HSA over to another administrator (e.g., Saturna). Is there an easy way to do this? The problem I see, even if I could just withdraw the money from PayFlex and make a deposit into a Saturna HSA is that I don't know of a way to ...
by nps
Sun Jan 08, 2017 2:52 pm
Forum: Personal Consumer Issues
Topic: Best Ways to Buy Time
Replies: 62
Views: 6388

Re: Best Ways to Buy Time

Cook breakfast and exercise at the same time. Eat breakfast and post on bogleheads at the same time. Don't cook other meals at all. Salads and sashimi are all you need. Don't consume coffee . Ever. Except for a few folks with specific health issues, coffee is considered healthful (as long as you dr...
by nps
Sat Jan 07, 2017 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA mistake and advice needed
Replies: 8
Views: 853

Re: ROTH IRA mistak and advice needed

Hmmm, how does the 'spousal' IRA provisions apply here? They don't help the OP. I always find it kind of interesting how many tax rules are clearer in IRS material than in articles trying to explain them. The article you cite makes the distinction of a "contributing spouse," which is not ...
by nps
Sat Jan 07, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Amex blue cash - when does the $6500 threshold "restart"?
Replies: 16
Views: 1294

Re: Amex blue cash - when does the $6500 threshold "restart"?

I believe you're right. The newer Blue Cash T&Cs don't use anniversary date, they use January 1st, but the billing period language sounds the same: "An annual reward year is 12 billing periods in a row beginning with the one that includes January 1st." Bottom line is that unless the st...
by nps
Thu Jan 05, 2017 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is it safe to use debit cards? Anybody here have one compromised?
Replies: 67
Views: 4485

Re: Is it safe to use debit cards? Anybody here have one compromised?

lakpr wrote:Personally, I value each inquiry on my credit reports to be at least $300.


Wow! I have to say I never considered the dollar value I would place on an inquiry, but if I had I would not have come up with anything near $300. I'm curious how you arrived at this number. Are you applying for a loan soon?
by nps
Thu Jan 05, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: using Health Savings Account (HSA) to pay for Medicare supplement premium
Replies: 7
Views: 696

Re: using Health Savings Account (HSA) to pay for Medicare supplement premium

If you are concerned about reimbursing yourself before incurring an expense but want to invest the money in the meantime, why not do it within an HSA? It doesn't have to be the Aetna one although I believe it has investment options. Not sure what you mean that your wife is a co-owner. HSAs are indiv...
by nps
Thu Jan 05, 2017 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Final Post on Long Term Plan
Replies: 5
Views: 951

Re: Final Post on Long Term Plan

For a 10 percent bond allocation it hardly matters. You can make a decision now and have plenty of time to review all the debate here on G vs F, then change your mind later, without having any major impact on your portfolio. If you're on the fence, just look up the G:F ratio that Mercer designed for...
by nps
Wed Jan 04, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: claiming 0 on income tax: expect return?
Replies: 3
Views: 585

Re: claiming 0 on income tax: expect return?

No worries. The higher rate only applies to the amount of income that is above the limit of the lower rate.
by nps
Tue Jan 03, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA (2017)
Replies: 23
Views: 2286

Re: Best HSA (2017)

onourway wrote:Can you explain how you get 1-2% total expense ratio from Health Savings Administrators? I'm seeing $45/year Admin fee which works out to 0.015% on an initial $3000 investment.


Calculation error?

45/3000 = .015 = 1.5%
by nps
Tue Jan 03, 2017 12:33 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 236
Views: 25074

Re: Whats your number to walk away?

I would tend to think I could survive financially for an indefinite number of years if I had $4M and required $100k annually :) I agree, under current conditions, expectation of SS at 70 plus a small defined benefit pension, and no mortgage payment could pretty much keep us comfortable with a lot l...
by nps
Mon Jan 02, 2017 8:43 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 236
Views: 25074

Re: Whats your number to walk away?

So if annual expenditures are $100k and expect to live 40 years, that number would be 4 million. However that doesn't consider market volatility, contingencies such as health emergencies, capital expenditures such as a new house, charitable contributions, etc. You shouldn't have much market volatil...
by nps
Mon Jan 02, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 5368

Re: This is a good weekend to start tracking your net worth.

Do any of you spreadsheet trackers fit a regression line to your growth history? I tried it this weekend with about 5 years of data and got an r-squared of .99 for a linear regression.
by nps
Fri Dec 23, 2016 7:12 pm
Forum: Personal Consumer Issues
Topic: Alternative to UPS, FedEx home package delivery
Replies: 18
Views: 1283

Re: Alternative to UPS, FedEx home package delivery

I know with UPS I can log in and have packages held at the UPS Store for pickup. There isn't a charge for this.
by nps
Tue Dec 20, 2016 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Is it optimal for me to use an alternative HSA provider?
Replies: 3
Views: 243

Re: Is it optimal for me to use an alternative HSA provider?

I use payroll deduction to fund an HSA that is not the same as the one that my employer's health plan uses. I guess it comes down to whether your HR/payroll department can handle it.
by nps
Wed Nov 23, 2016 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance without exam
Replies: 28
Views: 2859

Re: Term insurance without exam

Looks like another snag - they won't issue if replacing existing insurance.
by nps
Mon Nov 21, 2016 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance without exam
Replies: 28
Views: 2859

Term insurance without exam

Did a search here and didn't see Haven Life mentioned anywhere. For my profile Term4Sale lists it as the second lowest premium (after a term-like UL policy I have soured on) under A++ rated Mass Mutual. Does anyone have any experience with this company? It seems quite different with direct online sa...
by nps
Tue Nov 15, 2016 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software recommendations?
Replies: 15
Views: 1498

Re: Tax Software recommendations?

I think you learn a lot more doing it manually rather than using tax software. When I was in college, an economics professor handed us a sheet of paper describing a family and their income and other situations with bearing on the amount of tax they owed. The assignment was to fill out their 1040 and...
by nps
Sun Nov 13, 2016 10:09 am
Forum: Investing - Help with Personal Investments
Topic: investing HSA
Replies: 12
Views: 1801

Re: investing HSA

Usually the gaining custodian has a form that you would fill out to allow the transfer of funds from one to the other. It is not electronic, at least as far as I have seen. However if your employer continues to fund HSA Bank you would need to make this transfer on some type of regular basis if you i...
by nps
Sat Nov 12, 2016 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: investing HSA
Replies: 12
Views: 1801

Re: investing HSA

No, HSA Bank only uses TD Ameritrade and some other mutual fund provider. Vanguard doesn't offer HSA accounts. I think Fidelity does but suspect you may need to open another account anyway since HSAs are custodial accounts.
by nps
Mon Nov 07, 2016 10:07 pm
Forum: Investing - Theory, News & General
Topic: House Price = 150 X Monthly Rent
Replies: 16
Views: 2864

Re: House Price = 150 X Monthly Rent

Haven't heard that one. I have heard 15 times annual rent as an a rule of thumb for the equivalence point between renting and buying. 150 times monthly rent is 12.5 times annual rent, so a little more conservative.
by nps
Fri Oct 28, 2016 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Switching to a HDHP with a HSA mid year because spouse with FSA loses coverage?
Replies: 5
Views: 516

Re: Switching to a HDHP with a HSA mid year because spouse with FSA loses coverage?

And would your health plan be self only at the beginning of 2017 switching to family HDHP after she quits due to the QLE? If so your first scenario makes sense, at least to me. Don't forget that she can also use the full funding of her FSA before leaving even if her total FSA contributions at the ti...
by nps
Thu Oct 27, 2016 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Health FSA can pay for HDHP expenses?
Replies: 4
Views: 317

Re: Spouse Health FSA can pay for HDHP expenses?

Yes it can. The issue would be if you (or anyone) is also contributing to an HSA.
by nps
Fri Oct 21, 2016 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 181
Views: 21430

Re: Chase Sapphire Reserve

I can attest the $300 credit per calendar year is currently working; however when I spoke with a rep recently, they said I wouldnt receive the credit until December of the year it was used (presumably to stop people from cancelling and taking $600 in a year). It's possible she didn't know what she ...
by nps
Fri Oct 14, 2016 5:28 am
Forum: Personal Finance (Not Investing)
Topic: Term Life under UL structure
Replies: 7
Views: 554

Re: Term Life under UL structure

Thanks for the replies. I'm not sure what's better about it either, but it is the cheapest. I know it would allow me to continue the same level premiums well beyond the term with an automatically declining death benefit and no new underwriting. I do not know if regular term policies have this, if no...
by nps
Thu Oct 13, 2016 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life under UL structure
Replies: 7
Views: 554

Re: Term Life under UL structure

Last ditch bump, moving soon on this. I haven't discovered any downsides yet.

Thanks for any advice!
by nps
Wed Oct 12, 2016 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life under UL structure
Replies: 7
Views: 554

Term Life under UL structure

Looking for some feedback on a term life option. I currently have group life insurance and am getting near the next age band premium increase. I'm in excellent health and intend to move to a 20 year term policy instead. The lowest quote on term4sale and via the broker I contacted is with Protective ...
by nps
Tue Oct 11, 2016 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Big medical bill with HSA question
Replies: 1
Views: 426

Re: Big medical bill with HSA question

If you didn't realize that insurance would cover it you may have been able to repay the distribution as a mistake of fact. However, you do know it so to keep the distribution qualified you should be withdrawing at most only what is not covered by insurance.
by nps
Tue Oct 11, 2016 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Which one?: HDHP Regular HealthCare Plan or one with HSA?
Replies: 7
Views: 563

Re: Which one?: HDHP Regular HealthCare Plan or one with HSA?

It looks like after assuming a couple of office visits and a lab test you would be better off under the regular plan unless your payments toward deductible end up exceeding $4800. Would you plan to make HSA contributions? If so that might be worth the HDHP even if you end up paying a few dollars more.
by nps
Tue Sep 20, 2016 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Do I qualify for the Chase Sapphire Plus sign-on bonus?
Replies: 25
Views: 2366

Re: Do I qualify for the Chase Sapphire Plus sign-on bonus?

You should be fine as far as the sign up bonus since you are only an authorized user on the other account.

Any reason you are chasing the CSP bonus instead of the Chase Sapphire Reserve?
by nps
Fri Sep 16, 2016 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: HSABank: How to withdraw money and reflect it in taxes?
Replies: 56
Views: 3486

Re: HSABank: How to withdraw money and reflect it in taxes?

I have read of HSA custodians that do require receipts or claim forms, but HSA Bank does not. Last I knew their daily direct withdrawal limit was $500.
by nps
Fri Sep 09, 2016 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card After Death
Replies: 23
Views: 2523

Re: Credit Card After Death

What does Chase say? And what does Chase say about who is responsible for the card balance if the card owner dies? Is the authorized user responsible? No, the authorized user is not responsible for the account balance upon the death of the account owner. Chase (or any bank) has no contractual relat...
by nps
Mon Aug 29, 2016 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Good School District or Private School?
Replies: 77
Views: 4927

Re: Good School District or Private School?

How many kids do you plan on having?
by nps
Sat Aug 27, 2016 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I start HSA?
Replies: 12
Views: 1197

Re: Should I start HSA?

What are you doing with the money otherwise, investing in taxable? I think it's a good idea if you're maxing 401k and Roth. Medicare is not free. If you don't like the fees you can always transfer the bulk of the money to another custodian that you prefer, and send your own contributions toward that...

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