Search found 179 matches

by GMan82
Wed Apr 14, 2021 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 43
Views: 2466

Re: Good HSA accounts?

... Unfortunately, I need to keep Payflex open to receive my company’s contribution, ... What about your own contribution? If it is withheld from your paycheck, don't you save Soc Sec / Medicare taxes too? I max the social security contribution anyway, so that part doesn’t matter to me. I do save a...
by GMan82
Wed Apr 14, 2021 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 43
Views: 2466

Re: Good HSA accounts?

Agreed. Fidelity for sure. My company uses PayFlex, which has access to Vgd 500 Admiral fund. However, they require $1000 in the cash portion earning 0.05% before investing, and then the investment account is charged a 0.02% AUM monthly fee. I had $25k in the account and was being charged about $5/m...
by GMan82
Mon Apr 05, 2021 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff New Mortgage Aggressively or Invest?
Replies: 37
Views: 3857

Re: Payoff New Mortgage Aggressively or Invest?

I’m in a similar boat. I just closed on March 15. My first mortgage payment isn’t due until May 1 and I’m trying to figure out what to do. I’m firmly in the invest camp, but also HATE debt. Income about $400k (physician), single filer. Mortgage: $436k at 2.625% 30-yr fixed, conventional. At your 35...
by GMan82
Mon Apr 05, 2021 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff New Mortgage Aggressively or Invest?
Replies: 37
Views: 3857

Re: Payoff New Mortgage Aggressively or Invest?

I’m in a similar boat. I just closed on March 15. My first mortgage payment isn’t due until May 1 and I’m trying to figure out what to do. I’m firmly in the invest camp, but also HATE debt. I’m thinking of having my taxable accounts work for me by aggressively investing into a second taxable account...
by GMan82
Thu Aug 20, 2020 1:58 pm
Forum: Personal Investments
Topic: For people who don't like their employee provided HSA - why not open elsewhere?
Replies: 39
Views: 2828

Re: For people who don't like their employee provided HSA - why not open elsewhere?

I did not see anywhere that Fidelity reimburses trustee to trustee transfers of HSAs. I would love to do that and get the fees reimbursed. Is there a link you can share? Do you need to call and ask for a reimbursement? I don’t think it’s announced. I asked them about it over the phone and they told...
by GMan82
Tue Aug 18, 2020 8:20 pm
Forum: Personal Investments
Topic: For people who don't like their employee provided HSA - why not open elsewhere?
Replies: 39
Views: 2828

Re: For people who don't like their employee provided HSA - why not open elsewhere?

And if you make over $200k single or $250k mfj, it’s an additional 0.9% Medicare tax, saving me 2.35% then. On the single side it’s an $83 saving. Makes it a bit more tolerable keeping $1000 in cash I guess so I can invest the year’s contributions in VFIAX before I transfer to Fidelity again in Jan ...
by GMan82
Tue Aug 18, 2020 12:51 pm
Forum: Personal Investments
Topic: For people who don't like their employee provided HSA - why not open elsewhere?
Replies: 39
Views: 2828

Re: For people who don't like their employee provided HSA - why not open elsewhere?

You avoid FICA tax if you contribute to an HSA via payroll deduction. The FICA tax is not refunded if you contribute post tax dollars, you only get your Fed and state income taxes refunded (except CA and NJ). Yep. What I do is max my HSA with the first or second paycheck each year, and then do an i...
by GMan82
Tue Aug 18, 2020 10:16 am
Forum: Personal Investments
Topic: For people who don't like their employee provided HSA - why not open elsewhere?
Replies: 39
Views: 2828

Re: For people who don't like their employee provided HSA - why not open elsewhere?

I did what @Pasadena did. Only, if you want the process to be even faster, make sure your bank is linked with both your HSA provider as well as Fidelity. Once funds hit your bank account, call Fidelity HSA and have them pull the funds in. Let them know it’s a 60-day rollover and they’ll code it appr...
by GMan82
Mon Aug 17, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA Provider for Rollover
Replies: 31
Views: 1497

Re: Best HSA Provider for Rollover

Yes. But Optum probably charges you a fee to do so. I have a PayFlex HSA and they charge $25 for a trustee to trustee transfer. Some have said in other threads that when Fidelity initiates the transfer they may escape the fee, but YMMV. 2 suggestions Transfer utilizing the 60-day rollover rule that...
by GMan82
Sun Aug 16, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA Provider for Rollover
Replies: 31
Views: 1497

Re: Best HSA Provider for Rollover

Yes. But Optum probably charges you a fee to do so. I have a PayFlex HSA and they charge $25 for a trustee to trustee transfer. Some have said in other threads that when Fidelity initiates the transfer they may escape the fee, but YMMV. 2 suggestions Transfer utilizing the 60-day rollover rule that...
by GMan82
Sun Jul 26, 2020 9:58 pm
Forum: Personal Investments
Topic: Savings account [build enough cash to buy house]
Replies: 27
Views: 2121

Re: Savings account [build enough cash to buy house]

I’m using VASIX for my savings right now. I could use it in the next few months or next few years. I’m not really sure yet. So far VASIX (LS income) seems to be working out well. I’ll accept the less qualified tax treatment as yields on less risky investments are poor right now.
by GMan82
Sun Jul 26, 2020 9:54 pm
Forum: Personal Investments
Topic: Looking for good HSA provider to transfer to
Replies: 14
Views: 879

Re: Looking for good HSA provider to transfer to

I kept my employer PayFlex HSA account as the one that receives employer and employee contributions. Once a year I’ll transfer to Fidelity. I had 5 years of contributions + market gains from 100% S&P 500 that I moved to Fidelity this month. From 0.02%/month AUM fee at PayFlex to ZERO fees at Fid...
by GMan82
Sat Jul 11, 2020 1:16 am
Forum: Personal Finance (Not Investing)
Topic: Move HSA to Fidelity or Elsewhere?
Replies: 35
Views: 2903

Re: Move HSA to Fidelity or Elsewhere?

So I just completed the move to Fidelity from PayFlex. Initially, I tried it as a trustee to trustee and wanted to move the whole account over. Good thing I checked a day after submitting the online documents to Fidelity: PayFlex marked my account for closure! So I hastily called them up and had the...
by GMan82
Mon Jun 15, 2020 3:11 pm
Forum: US Chapters
Topic: Metro Atlanta Bogleheads Local Chapter
Replies: 135
Views: 45719

Re: Metro Atlanta Bogleheads Local Chapter

stup123 wrote: Mon Jun 15, 2020 7:00 am
GMan82 wrote: Sat Jun 13, 2020 1:37 pm Oh nuts I missed this and I live in Atlanta. Any idea when the next one will be?
(Some possible dates for the next Atlanta meeting are July 11, 4, or 18, which are all Saturdays. Some possible times are 10 am or 11 am.)
Sounds good to me
by GMan82
Sat Jun 13, 2020 1:37 pm
Forum: US Chapters
Topic: Metro Atlanta Bogleheads Local Chapter
Replies: 135
Views: 45719

Re: Metro Atlanta Bogleheads Local Chapter

Oh nuts I missed this and I live in Atlanta. Any idea when the next one will be?
by GMan82
Thu May 28, 2020 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Move HSA to Fidelity or Elsewhere?
Replies: 35
Views: 2903

Re: Move HSA to Fidelity or Elsewhere?

I believe there is no minimum for the cash portion of the account. I think a major advantage of keeping the employer account open is that the pretax deduction includes FICA tax savings, whereas if I decided to close the account and just manually contribute to Fidelity directly, I wouldn’t save on t...
by GMan82
Thu May 28, 2020 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Move HSA to Fidelity or Elsewhere?
Replies: 35
Views: 2903

Re: Move HSA to Fidelity or Elsewhere?

I believe there is no minimum for the cash portion of the account. I think a major advantage of keeping the employer account open is that the pretax deduction includes FICA tax savings, whereas if I decided to close the account and just manually contribute to Fidelity directly, I wouldn’t save on t...
by GMan82
Tue May 26, 2020 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Move HSA to Fidelity or Elsewhere?
Replies: 35
Views: 2903

Re: Move HSA to Fidelity or Elsewhere?

It’s 0.02% per month up to $10. PER MONTH. It was announced earlier this year, I believe it is essentially a 0.24% AUM fee now that makes me very unhappy. I’m at about $25k in my account so that’s $5 per month in addition to the ER. does this imply the first $50k will always have a 0.02% fee? If I ...
by GMan82
Tue May 26, 2020 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Move HSA to Fidelity or Elsewhere?
Replies: 35
Views: 2903

Re: Move HSA to Fidelity or Elsewhere?

(depending on how much in the account, any fees from Payflex to transfer) It appears Payflex charges a $25 fee to transfer. How much money should I have in my payflex HSA to justify paying this fee to move the rest of the money to Fidelity? Does PayFlex charge you any monthly maintenance fee or AUM...
by GMan82
Sat May 23, 2020 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Medical school student loan calculations
Replies: 26
Views: 1739

Re: Medical school student loan calculations

I would highly suggest reading the book written by the White Coat Investor. You can find it on Amazon. In addition, he posts on here on the regular, and has his own website. I only discovered his website and book midway through residency and WISH I had known about it earlier. The kind of personal fi...
by GMan82
Fri May 08, 2020 2:44 pm
Forum: Personal Investments
Topic: $250,000 Debt, High-Income Potential, beginner starting from ZERO
Replies: 58
Views: 8332

Re: $250,000 Debt, High-Income Potential, beginner starting from ZERO

I usually tell my residents to be able to cover at least one emergency, like a car repair, new washing machine, or other unanticipated expense. Arbitrarily I chose to tell them to consider having about $1k as an EFund since their job is one of the most secure. That should of course change with the b...
by GMan82
Fri May 08, 2020 12:49 am
Forum: Personal Finance (Not Investing)
Topic: How to invest an HSA (through PayFlex)?
Replies: 19
Views: 1057

Re: How to invest an HSA (through PayFlex)?

I have payflex as well, and actually kind of hate the interface. To keep things as simple as possible, I just use the Vgd 500 Adm class offered. We are required to keep $1000 in the cash account. The rest gets invested. However, there used to be a $2-3/mo investment account maintenance fee that disa...
by GMan82
Wed May 06, 2020 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital: You Index vs Performance
Replies: 10
Views: 1351

Re: Personal Capital: You Index vs Performance

Is the You Index more representative of your net worth?
by GMan82
Tue Mar 31, 2020 1:29 pm
Forum: Personal Investments
Topic: Where to put emergency fund
Replies: 19
Views: 3136

Re: Where to put emergency fund

What about Vanguard’s Municipal MMF (VMSXX). Is there an inherent risk to holding that one versus the treasury one or the federal one? Talking in terms of liquidity if the markets continue to drop deeper into bear territory. Something about gates, which is above my understanding of money market fund...
by GMan82
Sun Jul 22, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Union Bank 18-month CD @ 2.75% APY
Replies: 33
Views: 3703

Re: Union Bank 18-month CD @ 2.75% APY

Interesting. I hadn’t noticed that VMSXX dropped so much. I’ve been calculating my TEY of VMSXX to be 0.96 / (1-0.35-0.038). I figured the net investment tax didn’t come into play with munis and state tax is charged regardless so I didn’t subtract that. So yes, TEY is about 1.56%. I don’t have much ...
by GMan82
Sun Jul 22, 2018 1:40 am
Forum: Personal Finance (Not Investing)
Topic: Union Bank 18-month CD @ 2.75% APY
Replies: 33
Views: 3703

Re: Union Bank 18-month CD @ 2.75% APY

The Andrews deal seems good, but probably still not good enough for me. I’m at 35% federal bracket and 6% GA bracket. Factor in extra medicare taxes, net investment tax for those of us making >$200k, and I think VMSXX (Vgd Muni MMF) is still a better yielding, safe bet after taxes are concerned. At ...
by GMan82
Mon Jul 02, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 245
Views: 27564

Re: More commission free ETFs coming to Vanguard

That’s interesting. I wonder if IJS (Sp 600 SCV) will be on that list.

Are there good ETFs out there that aren’t vanguard based but still good for the index investor? I can’t imagine there’s that much unless you invest in active funds.
by GMan82
Fri Jun 29, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23284
Views: 3043138

Re: U.S. stocks in freefall

But does it really make a difference in the long run to be out for 31 days? I could have sworn I’ve seen Taylor post about it not having that much of an impact. Yes, it can definitely make a difference. One sells at a loss when the market is down which is exactly the time to be buying. If one only ...
by GMan82
Wed Jun 27, 2018 8:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23284
Views: 3043138

Re: U.S. stocks in freefall

But does it really make a difference in the long run to be out for 31 days? I could have sworn I’ve seen Taylor post about it not having that much of an impact.

I do see your points though.
by GMan82
Mon Jun 25, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23284
Views: 3043138

Re: U.S. stocks in freefall

Ooh this is the first time I’m going to attempt TLH. Estimating about $1000 in short term losses in VTIAX (Total Intl). 35% federal bracket, so I’m happy. Vanguard warned that July 25 is 30 days as part of their frequent trading policy, so that means I have to wait until July 26 to reinvest right? ...
by GMan82
Mon Jun 25, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23284
Views: 3043138

Re: U.S. stocks in freefall

Ooh this is the first time I’m going to attempt TLH. Estimating about $1000 in short term losses in VTIAX (Total Intl). 35% federal bracket, so I’m happy. Vanguard warned that July 25 is 30 days as part of their frequent trading policy, so that means I have to wait until July 26 to reinvest right? I...
by GMan82
Thu Jun 14, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: Bidding for airline flight class upgrade
Replies: 9
Views: 1633

Re: Bidding for airline flight class upgrade

I’ve done it on Virgin Australia (Econ—>Business) domestically and on Singapore Air (Econ—>Business, no PE Class in this aircraft) from Perth to Singapore. I thought it was worth it because they were lie flat seats on flights > 4 hours. I paid about $650 for the international flight (5.5 hours) and ...
by GMan82
Sat Jun 02, 2018 9:20 pm
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 331
Views: 70826

Re: TLH for absolute dummies [Tax Loss Harvesting]

Thanks as usual, @Livesoft! Yup, I keep a copy of my tax returns in my Dropbox, so I guess I would be tracking it. I had no idea the tax returns kept track of your TLH carryover! Now I really feel like I’ve been missing out! I plan on adding Intl Small Cap (VSS) to my Taxable. I’m not sure of a TLH ...
by GMan82
Sat Jun 02, 2018 3:50 pm
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 331
Views: 70826

Re: TLH for absolute dummies [Tax Loss Harvesting]

Quick question, after having gone through this whole thread. I have no opportunities to TLH yet as all my shares in taxable (VTSAX and VTIAX) all have some gain, and this goes back to Sept 2015. In any case, I'm pretty sure an opportunity will eventually present itself. How are losses that can be ca...
by GMan82
Wed Dec 27, 2017 10:59 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 32664

Re: Muni Money Market funds starting to look good!

The Vanguard municipal fund seems like a good spot to park savings for things like a new car or other large purchase expected within a year. That’s what I use it for. Only now, being in the new “35%” bracket (formerly 33%) bracket, it seems almost like a no-brainer to use that fund, even moreso than...
by GMan82
Wed Oct 18, 2017 3:05 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Global Wellesley Income and Global Wellington Funds in registration [now available]
Replies: 129
Views: 38999

Re: Vanguard's Global Wellesley Income and Global Wellington Funds in registration

Hmm. This is an interesting prospect. I currently manage my mother's small taxable account for her. $40k basis worth about $47k now. Acct opened around Christmas 2015. It is invested 60/40 with 25% of stocks international and 10% stocks as REITS in 3-fund + REITS. She has no income to declare so the...
by GMan82
Mon Oct 16, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: Barclays Increase APY to 1.30%
Replies: 9
Views: 1268

Re: Barclays Increase APY to 1.30%

My Ally account shows 1.2% at the moment
by GMan82
Tue Aug 01, 2017 7:17 pm
Forum: Personal Investments
Topic: 100K milestone - Thank you BH!
Replies: 15
Views: 2784

Re: 100K milestone - Thank you BH!

Congratulations! It's certainly an achievement. I'm 34 at the moment and passed $100k net worth 2 months ago. It's a nice feeling and took some work to get finances in order, thanks in no part to the members here and others (like the white coat investor).

Cheers! :sharebeer
by GMan82
Tue Jul 25, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: First-time home buying: New Construction Condo in Atlanta
Replies: 12
Views: 1834

Re: First-time home buying: New Construction Condo in Atlanta

Thanks for the advice. I'll talk to my realtor. I'm starting my 3rd year out of fellowship training and probably still have time to let things settle out before I commit to a big purchase. Plus I spoke to my family and once I said I was re-thinking things, all of a sudden their opinions changed and ...
by GMan82
Mon Jul 24, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: First-time home buying: New Construction Condo in Atlanta
Replies: 12
Views: 1834

Re: First-time home buying: New Construction Condo in Atlanta

Hmm. All food for thought. Thanks for all the insight. I have some time still before I need to give them my final say.
by GMan82
Sun Jul 23, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: First-time home buying: New Construction Condo in Atlanta
Replies: 12
Views: 1834

Re: First-time home buying: New Construction Condo in Atlanta

They've mostly been building apartments because the condo/townhouse market got hit HARD in 2008. We're talking $900k townhomes selling for under $200k a year later. Hence, there's a short-term shortage of condo inventory. But since they are so easy to build, now that prices are appreciating again t...
by GMan82
Sun Jul 23, 2017 3:08 pm
Forum: Investing - Theory, News & General
Topic: 6 Index Funds That Are Cheaper than Vanguard
Replies: 13
Views: 3688

Re: 6 Index Funds That Are Cheaper than Vanguard

What about tax efficiency? They're all index funds, but Vanguard has the advantage of ETF share classes, so that 0.01% ER is made up for by having no capital gains distributions. Right?
by GMan82
Sun Jul 23, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: First-time home buying: New Construction Condo in Atlanta
Replies: 12
Views: 1834

Re: First-time home buying: New Construction Condo in Atlanta

Just a warning, there had been EXTREME overbuilding of condos in Atlanta going back to 2000 and prices have barely budged over that period even in desirable parts of town like midtown and vahi. Don't expect to see much if any appreciation over even long periods of time with a condo. That said, the ...
by GMan82
Sun Jul 23, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: First-time home buying: New Construction Condo in Atlanta
Replies: 12
Views: 1834

First-time home buying: New Construction Condo in Atlanta

Hi everyone, I'm in the process of considering purchasing my first home and leaving the renter's life behind. However, I've decided to do this by buying a condo in the area of town that I've lived in for about 2 years now as a renter, and I figure, if I'm going to go condo, I'll go with the one that...
by GMan82
Sat Jul 01, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Ally raised their savings account rate to 1.15%
Replies: 19
Views: 4579

Re: Ally raised their savings account rate to 1.15%

Nuts. And I just moved my EF from Ally HYS to Vanguard's Municipal Money Market Fund (VMSXX) with SEC yield 0.78%. At 33%, the tax-equivalent yield is 1.16%. I would have just kept it at Ally if they made the change a day earlier!

Oh well. MMFs seem to be on the rise pretty fast anyway.
by GMan82
Tue Jun 27, 2017 9:42 pm
Forum: Personal Investments
Topic: Settlement fund and MM fund
Replies: 7
Views: 1761

Re: Settlement fund and MM fund

If you want to buy a fund using your settlement fund (VMMXX), I think you just specify that the funds are coming from your settlement fund.

If it's a separate MMF in your account, then I believe it's an exchange from one fund to another.
by GMan82
Thu Jun 15, 2017 12:07 pm
Forum: Personal Investments
Topic: Buy on Ex-Div Date or Just Afterwards?
Replies: 24
Views: 4416

Re: Buy on Ex-Div Date or Just Afterwards?

Here is something people concerned about this can do: Research the past. Here is the June 2016 pre-announcement: https://personal.vanguard.com/us/insights/article/june-dividends-062016 Compare what is in that link to the actual June 2016 distribution for VTSAX: https://personal.vanguard.com/us/fund...
by GMan82
Thu Jun 15, 2017 11:18 am
Forum: Personal Investments
Topic: Buy on Ex-Div Date or Just Afterwards?
Replies: 24
Views: 4416

Re: Buy on Ex-Div Date or Just Afterwards?

Besides checking the website every day, is there a way to tell when the reinvest date is happening? An email service or some other kind of alert? Things are announced in advance, so when the amount of the dividend is announced (not paid, not ex-dividend, but simply announced), the other dates are a...
by GMan82
Sun Jun 11, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2526
Views: 583602

Re: Share your net worth progression

Anesthesiologist and Intensive Care physician here, now approaching 2 years out of training. Sept 2015 = NEGATIVE $185,000 was my ENW June 2017 = Just hit the POSITIVE $100k ENW ... kinda proud. Liability is still student loans, but I've been maxing the backdoor Roth, 403B plan, saving for an eventu...
by GMan82
Wed May 17, 2017 8:25 pm
Forum: Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 10592

Re: Article: "Our emergency fund is exactly $0.00"

I have about 5 months of an EF currently because at age 34 I'm only 2 years into my first real physician job. My net worth is growing but it's still not high. I crossed the Zero mark last December. Though I feel like I have excellent job security, you never really know. So while I'm being aggressive...