Search found 11 matches

by rubixx
Sat Apr 06, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: PAYE vs. REPAYE: Two aspects interplay
Replies: 6
Views: 480

Re: PAYE vs. REPAYE: Two aspects interplay

The 10% cap limit only comes into effect when you are on PAYE and no longer qualify to make payments based on your income. The determinant for this is if your montly payment calculation would be greater than the standard monthly payment on a 10 year plan. Depending on your loan balance and your futu...
by rubixx
Tue Sep 04, 2018 8:24 pm
Forum: Personal Investments
Topic: botched tax loss harvest
Replies: 7
Views: 985

Re: botched tax loss harvest

I may be wrong so someone please correct me if so. If the purchase was for fewer shares than the sell amount then you will have a partial wash sale. So you may be able to get some benefit out of it.
by rubixx
Fri Jan 12, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card keeps getting hacked, even when unused! (4x now!)
Replies: 49
Views: 12508

Re: Credit card keeps getting hacked, even when unused! (4x now!)

I think my Capital One credit card fell for an inside job. There was a charge of more than $100 with a round $ number, no cents, at a local store of a large national drug store. I think buying items there will include sales tax. Capital One issued a new card. I did not go to that drug store for sev...
by rubixx
Wed Jan 03, 2018 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Capital 1.35% savings with $200 bonus (10k deposit)
Replies: 18
Views: 2940

Re: Capital 1.35% savings with $200 bonus (10k deposit)

I can report a success story with a similar situation to mudpuppy. Remaining $5k transfer didn't post until today (initiated on 12/27). Received $200 bonus today as well.
by rubixx
Fri Mar 10, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: IBR Student Loans or Retirement Investing
Replies: 14
Views: 1978

Re: IBR Student Loans or Retirement Investing

So for me, paying anything more than you need to towards the loan isn't worthwhile because you only gain a max $2500 interest deduction but lose out on so much more in opportunity cost . Could you explain what you mean by "opportunity cost?" :?: Sorry I was in a rush to type out a reply and didn't ...
by rubixx
Fri Mar 10, 2017 12:34 am
Forum: Personal Finance (Not Investing)
Topic: IBR Student Loans or Retirement Investing
Replies: 14
Views: 1978

Re: IBR Student Loans or Retirement Investing

If you plan to go for forgiveness, there is almost no reason to pay anymore than you have to towards the loan. Under current rules whatever is forgiven will be considered income in the forgiveness year (cancellation of debt) thus be taxed at your marginal rate. So for most, you would only be paying ...
by rubixx
Thu Mar 09, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: IBR Student Loans or Retirement Investing
Replies: 14
Views: 1978

Re: IBR Student Loans or Retirement Investing

I know you mentioned your monthly payments are currently zero, but you may want to look into the REPAYE plan, which has payments set at 10% of your discretionary income instead of the 15% that I assume you have on IBR. It may make a difference in the future as your income rises. Also if all your loa...
by rubixx
Tue Jan 31, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Experience with Blink Health
Replies: 4
Views: 1514

Re: Experience with Blink Health

I can only speak from the pharmacy perspective but I have had patients who used it. Their copay comes to zero at the register b/c like you stated it is all prepaid through blink. As for how much you save, that depends on a multitude of factors, which without delving into all your personal medical in...
by rubixx
Thu Jan 12, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 445
Views: 212492

Re: The Mega Backdoor Roth IRA

I have searched quite a bit but haven't found a clear answer. Do company match contributions count towards the limit in the tax year they are earned, or the tax year they are put into the plan? My plan matches 4% salary, however the match is made in March the following year. In other words, my 2016 ...
by rubixx
Tue Oct 25, 2016 11:36 pm
Forum: Personal Consumer Issues
Topic: What podcasts do you listen to?
Replies: 67
Views: 11778

Re: What podcasts do you listen to?

Barry Ritholtz interviewed Bill McNabb again this week in his Bloomberg's 'Masters in Business' podcast. Terry Gross interviewed Charlie Brooker on the third season of Black Mirror (Netflix), on NPR's Fresh Air. Black Mirror is back? Last episode I saw was the Christmas special. How does the new se...
by rubixx
Tue May 31, 2016 7:36 pm
Forum: Personal Investments
Topic: New investors, High earners, looking for advice
Replies: 24
Views: 3445

Re: New investors, High earners, looking for advice

pfunk I am in similar situation to you. I also have 220K in loan balances and have some info for you regarding what Navient told you on the "Pay as you Earn Plan" (PAYE). If your wife is eligible, it may truly be the best option for her. There are however a few things to consider. 1) Eligibility: If...