Search found 102 matches

by bene1
Fri Nov 15, 2019 1:43 pm
Forum: Personal Consumer Issues
Topic: Bigger car for baby?
Replies: 59
Views: 2326

Re: Bigger car for baby?

Like others, we have two bases and leave the car seat at day care. However, my understanding is that all car seats sold in the US can also be used without the base. The seats are safety tested with and without the base, and the base is a convenience feature. Read the manual. Our pre-baby classes clu...
by bene1
Wed Oct 16, 2019 6:32 am
Forum: Personal Investments
Topic: 403b/457 vs TSP
Replies: 11
Views: 1061

Re: 403b/457 vs TSP

2019 Year To Date TSP Returns C Fund (S&P 500 Index): 20.54% G Fund (Govt Securities): 1.79% Lifecycle 2050: 15.08% https://www.tsp.gov/InvestmentFunds/FundPerformance/returnSummary.html What are you invested in within the 457 or 403b account? Also wondering how you're computing performance and over...
by bene1
Tue Oct 15, 2019 5:27 pm
Forum: Personal Investments
Topic: 403b/457 vs TSP
Replies: 11
Views: 1061

Re: 403b/457 vs TSP

Within each account, what funds(s) are you invested in?
by bene1
Tue Oct 15, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: FEHB Open Season 2019
Replies: 76
Views: 5413

Re: FEHB Open Season 2019

Follow-on question. Is TD Ameritrade or Devenir preferred? It appears they're both highly rated in terms of HSAs. TDA is a brokerage with zero commission fees and ETF access as low as .03 percent ER. As far as I last knew, Devenir under HSA Bank sold mutual funds with high fees. Not sure if that ha...
by bene1
Fri Oct 11, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Are there HSA matches for Federal employees?
Replies: 39
Views: 2761

Re: Are there HSA matches for Federal employees?

There are a few different plans that are HSA eligible. This one from GEHA is a popular one. Pretty good summary and the brochure is there for download with complete details. https://geha.com/plans/medical/2020/high-deductible-health-plan The pass-through contribution is not actually a "match." You g...
by bene1
Fri Oct 11, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: How does FEGLI differ from BEDB? (Fed employ)
Replies: 10
Views: 593

Re: How does FEGLI differ from BEDB? (Fed employ)

I don’t want to confuse terms but can BEDB be thought of as a life insurance policy? More specifically, could someone buy a lower amount of term life insurance, to join with BEDB and equate to the same as someone with a higher amount of term life? Sure, it's life insurance, with conditions. It's up...
by bene1
Thu Oct 10, 2019 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: How does FEGLI differ from BEDB? (Fed employ)
Replies: 10
Views: 593

Re: How does FEGLI differ from BEDB? (Fed employ)

Glad to see this mentioned as I get a sense many folks are not aware of this benefit. The Basic Employee Death Benefit (BEDB) is a benefit to all employees covered under FERS. It is distinct from Federal Employees' Group Life Insurance (FEGLI). No need to apply, opt-in, pay premiums, etc. It acts as...
by bene1
Wed Oct 02, 2019 11:51 am
Forum: Personal Investments
Topic: Choose ETF with lower share price?
Replies: 2
Views: 244

Choose ETF with lower share price?

Hello. My HSA is at HSA Bank via my employer and I recently opened a brokerage window at TD Ameritrade with about $3000. I expect my investible contributions to grow fairly slowly, as I also use the HSA for current medical expenses. Considering my IPS and other accounts, I would invest in an S&P 500...
by bene1
Thu Sep 26, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: What Benefits to Expect for new Fed employee?
Replies: 72
Views: 5143

Re: What Benefits to Expect for new Fed employee?

There is no employer paid life insurance at 1x or 2x your pay? There is some free life insurance provided with certain conditions - the FERS Basic Employee Death Benefit, for employees with 18 months of creditable civilian service. This is distinct from the group life insurance available for purcha...
by bene1
Thu Sep 12, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Refund from HSA Overpayment
Replies: 3
Views: 342

Re: Refund from HSA Overpayment

Spirit Rider wrote:
Wed Sep 11, 2019 12:55 pm
For future reference. It is called a return of mistaken distribution. However, I wouldn't do it for $5.84.
Thanks. I hadn't come across that before.
by bene1
Wed Sep 11, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Refund from HSA Overpayment
Replies: 3
Views: 342

Refund from HSA Overpayment

Hello. I pay current medical expenses from my HSA. My usual process is to receive medical services, then the provider submits a claim to insurance, insurer sends me an EOB, provider sends me a bill for my portion, and I pay it via my HSA debit card. During wife's pregnancy, she was referred to a spe...
by bene1
Tue Sep 10, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution Limit - Employer Seed/Contribution?
Replies: 7
Views: 598

Re: HSA Contribution Limit - Employer Seed/Contribution?

magicrat wrote:
Tue Sep 10, 2019 2:18 pm
Yes, it counts.
+1. It counts.

One thing to watch out for. My employer does not show their contribution on my W-2. I need to manually deal with it at tax time because it does count against the limit. May or may not apply to you.
by bene1
Mon Aug 26, 2019 2:48 pm
Forum: Personal Investments
Topic: Need Advice: Checking/Savings Accounts
Replies: 22
Views: 2196

Re: Need Advice: Checking/Savings Accounts

Checking 1 - for spending or payments throughout the month. Checking 2 - for income throughout the month. Once a month, top up Checking 1 to two months worth of expenses and send any excess to savings. Savings - for emergencies, medium-term stuff, or any monthly shortfall. Checking at same place as ...
by bene1
Fri Jun 07, 2019 10:29 am
Forum: Personal Consumer Issues
Topic: Land Property Survey...how to decipher
Replies: 13
Views: 1171

Re: Land Property Survey...how to decipher

One of readings starts with 00degrees followed by the minutes/seconds. S to E. I know this has to be done with a quadrant compass. Or I can convert it to azimuth. For S to E bearings. Does S00E represent 90degrees on an azimuth compass? All the other coordinates on the property are S to E...with an...
by bene1
Tue Apr 16, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 15568

Re: In Laws Retirement Nest Egg

Bogle1981, Kudos to you for taking the feedback and being willing to listen. It seems you are taking the responses to heart and trying to make an attitude adjustment. Regarding this mindset... The core value I was referring to is that of hard work, saving, self sufficiency and not relying on childre...
by bene1
Tue Apr 16, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 15568

Re: In Laws Retirement Nest Egg

Bogle1981 wrote:
Mon Apr 15, 2019 2:48 pm
... I am not comfortable spending our hard earned money to keep them afloat if they were to run out of money...

... My side of the family gifts us the max amout each year.
Rather than earned money, give the in-laws the gifted money?
by bene1
Wed Jul 11, 2018 10:02 pm
Forum: Personal Consumer Issues
Topic: Anyone take naps at work?
Replies: 93
Views: 6536

Re: Anyone take naps at work?

SuperGrafx wrote:
Wed Jul 11, 2018 2:53 pm
JoeRetire wrote:
Wed Jul 11, 2018 2:10 pm

I no longer work. But when I did I never took a nap. The only coworker who napped was an alcoholic.

Work is for working. Home is for napping.
+1, well said.
Napping at work...sounds like a millennial thing.
I doubt many work nappers are ages 22 to 37.
by bene1
Thu Mar 08, 2018 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Savings % Goal > Top marginal tax rate?
Replies: 49
Views: 3079

Re: Savings % Goal > Top marginal tax rate?

As a rule of thumb, I like it. :happy
by bene1
Thu Dec 28, 2017 2:02 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee HSA account set up help
Replies: 25
Views: 2397

Re: Federal Employee HSA account set up help

My dw set up an HSA Bank account tonight. It said they would mail a packet in 7-10 days. Hopefully we did it right. Hm. It sounds like you did something when you were "supposed" to do nothing. As noted, an account will be created for you at HSA Bank. The employer contributions (AKA premium pass-thr...
by bene1
Wed Dec 27, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employee HSA account set up help
Replies: 25
Views: 2397

Re: Federal Employee HSA account set up help

dariusblyt wrote:
Wed Dec 27, 2017 1:40 pm
If you enrolled with the GEHA HDHP during the open session, then you're fine. an account will be created for you with HSABank. Watch your mail for activation instructions.
+1
by bene1
Mon Dec 11, 2017 10:15 am
Forum: Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 81
Views: 31670

Re: Fidelity charges to close accounts!

What happens if there's a zero balance at the time of closing? Wife and I were making some updates to accounts this year and liquidated her HSA at HSA Bank. Later, when we went to close it, I noticed there was a $25 account closing fee on their fee schedule. Account had $0.00 in it and when we calle...
by bene1
Sun Nov 19, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: Book for new college graduate
Replies: 20
Views: 1926

Re: Book for new college graduate

But, I can tell from our conversations that he remains confused about the differences between various types of account (Roth IRA, traditional IRA, Roth 401k, regular 401k, taxable brokerage). Rather than me going through it all I thought there might be a good (basic) book you could recommend. Mike ...
by bene1
Sat Nov 11, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Are HSA fees qualified medical expenses?
Replies: 4
Views: 694

Re: Are HSA fees qualified medical expenses?

Thanks for the reference. I wouldn't expect a fee to be a medical expense, but wasn't sure how they were handled.

Ben
by bene1
Fri Nov 10, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Are HSA fees qualified medical expenses?
Replies: 4
Views: 694

Are HSA fees qualified medical expenses?

Hello. I recently purchased some HSA checks and the bank charged $7.95 directly from the account. At tax time, is this considered a qualified distribution? Or will I have to claim it as non-qualified, paying the income tax and 20% penalty. I know there are those who pay fees for account maintenance ...
by bene1
Thu Oct 19, 2017 8:21 am
Forum: Personal Investments
Topic: Deciding between Roth TSP and Trad TSP
Replies: 26
Views: 2720

Re: Deciding between Roth TSP and Trad TSP

2. No required minimum distributions Roth TSP does have RMDs, unlike a Roth IRA. https://www.tsp.gov/PlanParticipation/BeneficiaryParticipants/rmdbp.html "The required minimum distribution rules apply to your TSP account as a whole. The calculation of your RMD takes into account both traditional an...
by bene1
Fri Jun 02, 2017 11:04 am
Forum: Personal Investments
Topic: Roth IRA or rollover to TSP?
Replies: 8
Views: 944

Roth IRA or rollover to TSP?

Until last fall, my wife and I were both federal employees with all investments in our traditional TSPs using a 3-Fund-style portfolio. We didn't feel the need for other investment accounts due to the following reasons: * Satisfied with low costs. * Satisfied with fund offerings. I have considered t...
by bene1
Sun Oct 23, 2016 7:53 pm
Forum: Investing - Theory, News & General
Topic: Payroll deduction to spouse's IRA?
Replies: 2
Views: 489

Payroll deduction to spouse's IRA?

Hi. I'm wondering if it is possible to set up an allotment from my paycheck to my spouse's IRA. Would this be something that would depend on my employer's payroll system? I recently started a job with a federal agency using the USDA National Finance Center. Or would it be an IRS issue? Or the IRA cu...
by bene1
Sun Aug 28, 2016 3:22 am
Forum: Personal Finance (Not Investing)
Topic: ? Relationship between HSA savings account and investment options
Replies: 2
Views: 544

Re: ? Relationship between HSA savings account and investment options

There are the IRS's rules, then there are the custodian's policies/features. The IRS's rules are here: https://www.irs.gov/publications/p969/ar02.html#en_US_2015_publink1000204020 "No permission or authorization from the IRS is necessary to establish an HSA. You set up an HSA with a trustee." One CA...
by bene1
Thu Aug 18, 2016 5:28 pm
Forum: Personal Investments
Topic: Where to save for non-working spouse
Replies: 8
Views: 1652

Re: Where to save for non-working spouse

Interesting. Sounds like you guys would go with the IRA before the HSA? The flexibility of the Roth IRA is attractive. It's been tougher to find a slam-dunk custodian for HSA investing but I've read through some other discussions about utilizing the HSA first, including the Wiki page on Prioritizing...
by bene1
Thu Aug 18, 2016 3:34 pm
Forum: Personal Investments
Topic: Where to save for non-working spouse
Replies: 8
Views: 1652

Where to save for non-working spouse

Wife and I are both fed employees but she will soon resign and become unemployed for the foreseeable future. I'm looking for a little feedback on our situation. Here are the accounts we currently have. His TSP. Her TSP. Her HSA @ HSA Bank - small, cash account used for medical expenses, not invested...
by bene1
Sat Aug 13, 2016 11:47 am
Forum: Personal Investments
Topic: Finding middle ground with spouse on investing
Replies: 30
Views: 4433

Re: Finding middle ground with spouse on investing

I hear you OP. It can be tough to get on the same page. I'm about your age and my experience has some similarities. With my spouse, I gave up on the "gentle education" part and went more direct. Your mileage may vary. I wanted to get serious about retirement saving and found this forum. I dove in an...
by bene1
Fri Apr 22, 2016 5:23 pm
Forum: Investing - Theory, News & General
Topic: If you withdraw Roth IRA contributions, can you put them back in?
Replies: 6
Views: 2051

If you withdraw Roth IRA contributions, can you put them back in?

A thread on paying a down payment with Roth funds brought this to mind. One of the perks of a Roth IRA is that you can withdraw your contributions (not earnings) at any time. From what I gather, if you contribute $4K and withdraw it in the same year, it's as if nothing happened and you could still r...
by bene1
Thu Apr 21, 2016 6:31 pm
Forum: Investing - Theory, News & General
Topic: Contribute to TSP or Stay-At-Home Mom's IRA?
Replies: 7
Views: 1091

Re: Contribute to TSP or Stay-At-Home Mom's IRA?

David Jay wrote:As the popular saying goes: "First World Problem!" (meaning those less fortunate never face this kind of decision).
LOL, thanks for the reality check David. I try to keep things in perspective but one can get caught up in "strategery". :beer

Thanks to all for the input.
by bene1
Wed Apr 20, 2016 10:02 pm
Forum: Investing - Theory, News & General
Topic: Contribute to TSP or Stay-At-Home Mom's IRA?
Replies: 7
Views: 1091

Re: Contribute to TSP or Stay-At-Home Mom's IRA?

Thanks for the replies. I'll have to look at the saver's credit. It also occurs to me that we could contribute to a trad IRA for her, then roll it over into her TSP.
by bene1
Wed Apr 20, 2016 6:49 pm
Forum: Investing - Theory, News & General
Topic: Contribute to TSP or Stay-At-Home Mom's IRA?
Replies: 7
Views: 1091

Contribute to TSP or Stay-At-Home Mom's IRA?

Spouse and I are both federal employees. We dedicate about $25K a year to retirement between our two traditional TSPs. Since we can't max two TSPs, we haven't felt the need to open IRAs. I understand IRAs can have more flexibility, but we're satisfied with the TSP. We've talked about the possibility...
by bene1
Mon Apr 18, 2016 12:57 pm
Forum: Personal Investments
Topic: Core 4 vs Small
Replies: 9
Views: 1211

Re: Core 4 vs Small

j7se wrote:hindsight is 20/20, so I guess I am missing out on something but just don't know what yet. :)
Nailed it. :beer
by bene1
Mon Apr 11, 2016 10:05 pm
Forum: Personal Consumer Issues
Topic: Rental Car Help
Replies: 29
Views: 2850

Re: Rental Car Help

I have no preference for any rental company. I don't rent cars often enough for loyalty programs to be worth my while. My strategy: 1) Once I know I'll need a rental car, go to the aggregator sites and do a search. Find out what company has the cheapest rate for my dates. 2) Go directly to that comp...
by bene1
Mon Mar 21, 2016 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Any experience w/ Ally CHECKING account?
Replies: 40
Views: 5449

Re: Any experience w/ Ally CHECKING account?

QUICK QUESTION: Ally charges no fee for receiving incoming transfers. BofAm charges a small fee for transferring to another bank. If I make an initial deposit with Ally and I let Ally "debit" from my BofAm account, does that mean BofAm will still charge me with a "transfer" fee? Or would it just be...
by bene1
Tue Mar 08, 2016 7:18 pm
Forum: Personal Investments
Topic: Young Army Officer in Need of Financial Plan Feedback
Replies: 33
Views: 3664

Re: Young Army Officer in Need of Financial Plan Feedback

I was wondering what your thoughts are on simply placing the entire $18,000 into my TSP account at one time (not sure if there are limitations on doing this). My reasoning is that the market is still slightly down from the beginning of last year. Would anyone advise for/against doing this? It's a f...
by bene1
Sun Mar 06, 2016 8:20 pm
Forum: Personal Investments
Topic: Young Army Officer in Need of Financial Plan Feedback
Replies: 33
Views: 3664

Re: Young Army Officer in Need of Financial Plan Feedback

I am happy to join the Bogelheads community after observing the tight knit community and valuable advice. I am currently finalizing my financial investments plan, and I could really use some feedback. First, some background information. I am a newly commissioned Active Duty Army officer. I was fort...
by bene1
Sun Mar 06, 2016 12:54 pm
Forum: Personal Investments
Topic: HSA to HSA transfer question
Replies: 4
Views: 692

Re: HSA to HSA transfer question

Joel wrote: One of the benefits of using an HSA is to avoid FICA taxes. If you don't contribute to the employer's HSA, you may not be able to avoid those FICA taxes. the savings in the FICA taxes alone could be worth putting the money in their HSA.
Very good point to consider.
by bene1
Sun Mar 06, 2016 12:49 pm
Forum: Personal Investments
Topic: HSA to HSA transfer question
Replies: 4
Views: 692

Re: HSA to HSA transfer question

I wonder if anyone knows the answer to this question. I recently stopped contributing to a self insured HSA that I have through Optum Health Bank. I really liked this account because all my money went to the Vanguard Wellington fund which was an available option and the website is easy to navigate ...
by bene1
Tue Feb 23, 2016 11:06 pm
Forum: Personal Investments
Topic: Young investor needing help with optimizing extra cash
Replies: 10
Views: 1839

Re: Young investor needing help with optimizing extra cash

Hey there. Here's some feedback from a civilian fed, about the same age. Wife is a fed too. 1. I need to better distribute my income that was previously going to debts. My initial inclination is towards what seems to be the obvious: a lot more contributions to our TSPs. Agree, increasing TSP contrib...
by bene1
Thu Feb 11, 2016 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: What is your opinion on the Federal goverment retirement plan?
Replies: 57
Views: 16683

Re: What is your opinion on the Federal goverment retirement plan?

From what I read, basic life insurance (1 year salary) is either partly or completely paid by the federal government. New employees are automatically enrolled in "Basic Insurance" of 1 year salary through Federal Employees’ Group Life Insurance (FEGLI). However, it's not free. From the handbook: "T...
by bene1
Thu Feb 11, 2016 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: What is your opinion on the Federal goverment retirement plan?
Replies: 57
Views: 16683

Re: What is your opinion on the Federal goverment retirement plan?

There is also no free life insurance (and the available coverage that you can purchase isn't very good). FYI, there is some free life insurance provided - the FERS Basic Employee Death Benefit, for employees with 18 months of creditable civilian service under FERS. This is distinct from the group l...
by bene1
Thu Feb 11, 2016 3:28 am
Forum: Personal Investments
Topic: Could someone educate me on Thrift Savings Plans and suggest different fund allocations?
Replies: 24
Views: 2306

Re: Could someone educate me on Thrift Savings Plans and suggest different fund allocations?

First, putting all your money into g, big mistake. When I started my fed job, this was the default. You do make a little, but not much :oops: I didn't know any better at the time. Now I think they default to the lifecycle funds instead, thank goodness. You need to consider your own tolerance and go...
by bene1
Sun Feb 07, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: Traveling in Retirement
Replies: 57
Views: 6304

Re: Traveling in Retirement

Thanks to all for the replies. Victoria: I just didn't want to sound like I've done it right while everyone else was doing it wrong. Good to hear the perspectives from others. I appreciate the range of experience and ages here. :P
by bene1
Sat Feb 06, 2016 10:15 pm
Forum: Personal Consumer Issues
Topic: Traveling in Retirement
Replies: 57
Views: 6304

Traveling in Retirement

Not sure how to pose this without coming off somewhat badly... A commonly stated goal for retirement is to spend time traveling. If you hope to enjoy traveling later as a hobby, why not make time for it now? Who knows if we'll make it to retirement anyway? I enjoy traveling and have made choices to ...
by bene1
Thu Jan 21, 2016 4:02 am
Forum: Personal Finance (Not Investing)
Topic: Tapping the emergency fund
Replies: 12
Views: 2161

Tapping the emergency fund

Warning: potential "mental accounting" ahead in this theoretical example. Say you've got two bank accounts: an emergency fund of $20,000 and a separate, general purpose savings account. You want to buy a boat for $10,000, so you start saving $2,000 every month in the general purpose account. You exp...
by bene1
Sat Jan 16, 2016 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Best way to buy individual stocks?
Replies: 15
Views: 1788

Re: Best way to buy individual stocks?

OP, I'm on board with your reasoning for wanting to buy a single share. My wife is a Disney fan and purchasing a couple shares made investing "real" to her. It's an illustrative exercise rather than serious savings. After watching the gyrations for a while, index funds started to make more sense. I ...