Search found 30 matches

by sedonabogle
Tue Aug 11, 2020 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Spouse got a job, now have 2 HSAs
Replies: 25
Views: 1583

Re: Spouse got a job, now have 2 HSAs

I can't follow if you have kids or not. If you do, something to consider would be you and your spouse's income. HSA are the only contributions to come out prior to FICA taxes, so if one spouse makes under the yearly limt for social security tax and one spouse is over, it saves more taxes to have th...
by sedonabogle
Mon Aug 10, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse got a job, now have 2 HSAs
Replies: 25
Views: 1583

Re: Spouse got a job, now have 2 HSAs

My wife recently got a job so after years of individual HSA I have a quick question on how the family limit works. Can I contribute more than $3550 to mine, and as long as hers + mine is less than $7100, we're good? Does that assume we file jointly too? 1 account would be easier, but the way high d...
by sedonabogle
Mon Aug 10, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse got a job, now have 2 HSAs
Replies: 25
Views: 1583

Re: Spouse got a job, now have 2 HSAs

My wife recently got a job so after years of individual HSA I have a quick question on how the family limit works. Can I contribute more than $3550 to mine, and as long as hers + mine is less than $7100, we're good? Does that assume we file jointly too? 1 account would be easier, but the way high d...
by sedonabogle
Mon Aug 10, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse got a job, now have 2 HSAs
Replies: 25
Views: 1583

Re: Spouse got a job, now have 2 HSAs

Appreciate the replies everyone. You got me looking in the right direction now.
by sedonabogle
Mon Aug 10, 2020 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse got a job, now have 2 HSAs
Replies: 25
Views: 1583

Re: Spouse got a job, now have 2 HSAs

Thanks for the quick replies everyone. The reason it is tricky is because we started 2020 under a family HDHP anticipating only 1 job. Then in May my wife got a job, and it made more financial sense to go on her own HDHP with that employer rather than stay on mine since mine has a working spouse su...
by sedonabogle
Mon Aug 10, 2020 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse got a job, now have 2 HSAs
Replies: 25
Views: 1583

Re: Spouse got a job, now have 2 HSAs

Thanks for the quick replies everyone. The reason it is tricky is because we started 2020 under a family HDHP anticipating only 1 job. Then in May my wife got a job, and it made more financial sense to go on her own HDHP with that employer rather than stay on mine since mine has a working spouse sur...
by sedonabogle
Mon Aug 10, 2020 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Spouse got a job, now have 2 HSAs
Replies: 25
Views: 1583

Spouse got a job, now have 2 HSAs

My wife recently got a job so after years of individual HSA I have a quick question on how the family limit works. Can I contribute more than $3550 to mine, and as long as hers + mine is less than $7100, we're good? Does that assume we file jointly too? 1 account would be easier, but the way high de...
by sedonabogle
Thu Aug 06, 2020 8:28 am
Forum: Personal Investments
Topic: What to do with pre-bogleheads taxable investment account
Replies: 17
Views: 1612

Re: What to do with pre-bogleheads taxable investment account

Even if you have a good stock fund in your taxable account, it is worth selling the fund, paying the capital-gains tax, and buying the same or similar fund in a 401(k) or IRA. The reason is that the fund will lose a larger percentage of its value to taxes as long as it stays in the taxable account,...
by sedonabogle
Thu Aug 06, 2020 7:27 am
Forum: Personal Investments
Topic: What to do with pre-bogleheads taxable investment account
Replies: 17
Views: 1612

Re: What to do with pre-bogleheads taxable investment account

Even if you have a good stock fund in your taxable account, it is worth selling the fund, paying the capital-gains tax, and buying the same or similar fund in a 401(k) or IRA. The reason is that the fund will lose a larger percentage of its value to taxes as long as it stays in the taxable account,...
by sedonabogle
Thu Aug 06, 2020 7:18 am
Forum: Personal Investments
Topic: What to do with pre-bogleheads taxable investment account
Replies: 17
Views: 1612

Re: What to do with pre-bogleheads taxable investment account

Even if you have a good stock fund in your taxable account, it is worth selling the fund, paying the capital-gains tax, and buying the same or similar fund in a 401(k) or IRA. The reason is that the fund will lose a larger percentage of its value to taxes as long as it stays in the taxable account,...
by sedonabogle
Thu Aug 06, 2020 7:16 am
Forum: Personal Investments
Topic: What to do with pre-bogleheads taxable investment account
Replies: 17
Views: 1612

Re: What to do with pre-bogleheads taxable investment account

FOSFX 19% (0.9% ER) FSKAX 59% (0.015% ER) FTBFX 22% (0.45% ER) There are some cost and placement issues: FSKAX (0.015%) is a good US stock fund and excellent in taxable. FOSFX (0.90%) should be replaced with FTIHX (0.06%) if you keep international in taxable. FTBFX (0.45%) should be replaced with F...
by sedonabogle
Wed Aug 05, 2020 12:33 pm
Forum: Personal Investments
Topic: What to do with pre-bogleheads taxable investment account
Replies: 17
Views: 1612

Re: What to do with pre-bogleheads taxable investment account

I didn’t see specifically what the taxable account contains. If you have any high ER funds, for sure turn off reinvesting and funnel and distributions to lower cost. I had a couple moderate ER funds left after getting smarter about fees. One I was able sell during the 2018 drop late in the year. Th...
by sedonabogle
Wed Aug 05, 2020 12:11 pm
Forum: Personal Investments
Topic: What to do with pre-bogleheads taxable investment account
Replies: 17
Views: 1612

Re: What to do with pre-bogleheads taxable investment account

Have you considered opening a Roth IRA? Assuming you're eligible to open a Roth IRA, you could use some of the money in the taxable account to fund the Roth IRA each year. See link: https://www.bogleheads.org/wiki/Roth_IRA Regards, I did open one up last year. I'll look more into that option.
by sedonabogle
Wed Aug 05, 2020 11:15 am
Forum: Personal Investments
Topic: What to do with pre-bogleheads taxable investment account
Replies: 17
Views: 1612

What to do with pre-bogleheads taxable investment account

Looking for advice on what to do (if anything) with my taxable investing account. Before I found bogleheads, I was only contributing 6% to my 401k (to get the maximum employer match) but would max out HSA. With my spare money I put in $1000 a month to my brokerage account. Did some occasional tradin...
by sedonabogle
Tue May 19, 2020 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Auto refinance scenario
Replies: 13
Views: 440

Re: Auto refinance scenario

I just tried this with PenFed, and it went very poorly, it felt like a bait-and-switch. They quoted me 2.89% on a 60 month new car loan with the $250 bonus, and I applied. They did a hard pull immediately, then after 2 weeks of trying to get them the correct supporting documents using multiple onli...
by sedonabogle
Tue May 19, 2020 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Auto refinance scenario
Replies: 13
Views: 440

Re: Auto refinance scenario

If your going to pay off anyway in ~2 months seems worthwhile to pay an extra $5 in interest to get $250. Penfed gives you a few months to send them the title so you can prob avoid having lienholder changed and just pay off when they send letter asking why title hasnt been sent in yet. Good to know...
by sedonabogle
Tue May 19, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Auto refinance scenario
Replies: 13
Views: 440

Re: Auto refinance scenario

2.49% at DCU up to 65 months. But there's no bribe money in it for you. :D Interesting, never heard of that one. Penfed was "as low as 2.14%" which is why I went down this path in the first place thinking I'd get that. My credit score probably got knocked down from the original loan so I ...
by sedonabogle
Tue May 19, 2020 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Auto refinance scenario
Replies: 13
Views: 440

Re: Auto refinance scenario

We had a PenFed savings account through a student loan refinancing. I also refinanced our auto loan to their 2.99% rate from a longer term and higher rate. (I wish I had waited to buy until now for the 0% offers). We also added the checking account and I've funded it and made the debit card transac...
by sedonabogle
Tue May 19, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Auto refinance scenario
Replies: 13
Views: 440

Re: Auto refinance scenario

I'd keep the original loan and pay off in July... If you're dying for some free money along with a credit hit, do something easier like apply for a new credit card with signup bonus. Already took the hit when applying for the loan. I did the $200 Penfed checking bonus so figured I'd get this $250. ...
by sedonabogle
Tue May 19, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Auto refinance scenario
Replies: 13
Views: 440

Re: Auto refinance scenario

The $250 rebate will be deposited to the membership share savings account within 90 days of the loan disbursal date. In addition, the first payment on the PenFed loan is required prior to the $250 deposit. PenFed may discontinue or change the promotion at any time. Other restrictions may apply. Fro...
by sedonabogle
Tue May 19, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Auto refinance scenario
Replies: 13
Views: 440

Auto refinance scenario

We purchased a new car late April, financed due to incentives and got a 60 month loan at 2.89%. Original loan amount was $31k, paid it down to $24k already. Penfed quoted me 2.99% for 36 months at their best rate for me plus a $250 bonus. I have a $25k Ally no penalty CD expiring in July ($75 more i...
by sedonabogle
Mon Feb 11, 2019 9:50 am
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 5068

Re: Am I missing out on Roth IRA

mortfree wrote: Sat Feb 09, 2019 2:14 am Did you contribute to the traditional IRA in 2018?

If so, you can’t do the Roth for 2018, unless you didn’t max out the traditional.
No contributions to traditional IRA in 5 or more years. Just dividends and capital gains.
by sedonabogle
Mon Feb 11, 2019 9:41 am
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 5068

Re: Am I missing out on Roth IRA

And you can do a Roth contribution for each of you, so you can put in $11,000 (5500 * 2) for 2018 and $12,000 for 2019. Just did exactly this at the beginning of Jan Did you do this with new funds or selling from existing taxed account? I'm on the fence about which option to go - I'm leaning toward...
by sedonabogle
Fri Feb 08, 2019 2:58 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 5068

Re: Am I missing out on Roth IRA

Thanks for the advice!
by sedonabogle
Wed Feb 06, 2019 3:24 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 5068

Re: Am I missing out on Roth IRA

And you can do a Roth contribution for each of you, so you can put in $11,000 (5500 * 2) for 2018 and $12,000 for 2019. Just did exactly this at the beginning of Jan Did you do this with new funds or selling from existing taxed account? I'm on the fence about which option to go - I'm leaning toward...
by sedonabogle
Thu Jan 31, 2019 9:29 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 5068

Re: Am I missing out on Roth IRA

It doesn't make much sense to do taxable investing before maxing out a Roth IRA. In fact, you still have time to do 2018. I would direct all new money into a 2018 Roth until that is maxed or you hit the deadline (4/15/2019 this year). After that, concentrate on your Roth for 2019. Don't split, the ...
by sedonabogle
Thu Jan 31, 2019 8:10 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 5068

Re: Am I missing out on Roth IRA

What is your income? Are you a very high earner? if so keep in mind you may need to do a backdoor roth conversion. If your modified adjust gross income in 2018 was less than 135k i believe then you can contrubite directly to roth ira for that tax year. Around $110k/year. Employer puts 6% in retirem...
by sedonabogle
Thu Jan 31, 2019 8:08 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 5068

Re: Am I missing out on Roth IRA

With taxable investments, you are paying ordinary income taxes on dividends, and at least a 15% tax on the capital gains when you sell. With Roth IRA, both would be tax free, and the contributions to it, not the gains, can be withdrawn (but not put back in later) in case of an emergency. This Roth ...
by sedonabogle
Thu Jan 31, 2019 8:07 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 5068

Re: Am I missing out on Roth IRA

It doesn't make much sense to do taxable investing before maxing out a Roth IRA. In fact, you still have time to do 2018. I would direct all new money into a 2018 Roth until that is maxed or you hit the deadline (4/15/2019 this year). After that, concentrate on your Roth for 2019. Don't split, the ...
by sedonabogle
Thu Jan 31, 2019 2:17 pm
Forum: Personal Investments
Topic: Am I missing out on Roth IRA
Replies: 28
Views: 5068

Am I missing out on Roth IRA

I've been following the principles and have a pretty good grasp on my personal investments and savings. I'm 30 and not married, 3 years into a 15 year mortgage. No debt. I have over $100k in my work's savings plan and maxing that out. I have a sizable CD and a small traditional IRA that I'm planning...