Search found 28 matches

by jeremyi
Mon Jan 13, 2020 2:19 pm
Forum: Personal Investments
Topic: Wisest way to use $15,000?
Replies: 14
Views: 1474

Re: Wisest way to use $15,000?

Another vote for funding the Roth. Invest it conservatively for now and you can access it if you need to supplement the emergency fund.

We did this for several years with a portion of our emergency fund, as the alternative was to simply lose that Roth space.
by jeremyi
Fri May 24, 2019 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning question risk of DNA services with half brother relatives filing against estate
Replies: 48
Views: 4085

Re: Estate Planning question risk of DNA services with half brother relatives filing against estate

I think the answer is quite clear. Hire a new attorney and make sure this is done correctly with competent guidance. It seems clear that the lawyer that drew up your current will is not the right person for your situation.
by jeremyi
Thu May 02, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Qualifying for the savers credit
Replies: 3
Views: 336

Re: Qualifying for the savers credit

The credit only applies as a percentage of the first $2k of retirement contribution, so your max credit for each of you would be $200 ($400 total) if you are eligible at the 10% mark, as opposed to a max of $2k credit as you noted.
by jeremyi
Thu Apr 11, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Seller's Agent - Tiered Commission structure?
Replies: 15
Views: 1237

Re: Seller's Agent - Tiered Commission structure?

We are currently working with Redfin on the sale (and purchase) of our home. We've had an excellent experience so far, knowledgeable agents (separate on the listing and buying side, they specialize in one or the other), available associate agents if our primary guy isn't available when we want to go...
by jeremyi
Wed Feb 13, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35764

Re: [2018 tax return - How does it compare to previous years?]

I'm concerned about how the new rules might impact charitable contributions. I work in commercial banking (with a bit of non-profit) and every non-profit I (or anyone else around here) has spoken to has said that charitable giving is basically unaffected. I shared this same concern, but they noted ...
by jeremyi
Wed Feb 13, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35764

Re: [2018 tax return - How does it compare to previous years?]

If the government really worked in the best interest of the people, there would be a flat tax and a flat sales tax on all goods regardless of state. Property tax would be reduced where applicable to account for the presence of a sales tax and state tax in places like NH which previously didn't have...
by jeremyi
Tue Feb 12, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35764

Re: [2018 tax return - How does it compare to previous years?]

My AGI increased by about $16k. From 15% marginal to 12% marginal. Total tax went from about -$250 to -$2000 (negative). I suppose having a 4th child helped with that a bit, although we phased out of the Retirement Saver's Credit which we had claimed for many years. Tax refund is larger by about $3k...
by jeremyi
Tue Feb 12, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off cc balance with HSA funds?
Replies: 22
Views: 914

Re: Pay off cc balance with HSA funds?

In no way would I give up valuable HSA contributions for this. For most people, it's the most valuable tax-advantaged account out there. And you cannot replace money you pull out of an HSA, ever. Either take out another 0% credit card to give you time to pay off the balance, or just find a way to c...
by jeremyi
Thu Jan 24, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Karma Tax
Replies: 9
Views: 1242

Re: Credit Karma Tax

I helped a friend with their taxes last year and used it as it was the only free option for their income range. I have run my preliminary numbers through it and am considering using it rather than H&R Block. I've always qualified for Free File in the past but won't this year, so am debating paying t...
by jeremyi
Thu Jan 24, 2019 1:01 pm
Forum: Personal Investments
Topic: Help w/ HSA contributions w/o HDHP
Replies: 2
Views: 229

Re: Help w/ HSA contributions w/o HDHP

If you didn't max out the HSA for 2018, you might be able to have the contribution applied to 2018.
by jeremyi
Wed Jan 17, 2018 10:41 am
Forum: Personal Investments
Topic: Which to Max First: 401k or HSA?
Replies: 13
Views: 2775

Re: Which to Max First: 401k or HSA?

I am in a similar situation and am opting to max the HSA rather than 401k or IRAs. The double benefits for health expenses and the flexibility (3 children, #4 on the way, etc) make it a no-brainer for me. Since I am unable to max all of my retirement accounts, I am taking distributions to cover curr...
by jeremyi
Thu Dec 28, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 139
Views: 16916

Re: Confusion about prepaying property taxes

I'm in Ramsey County as well and opted to prepay. The communication from the county and in the local papers is rather confusing if the "Proposed 2018 property tax" does not meet the requirements for being assessed. Ramsey County also sends the 2018 Proposed Property Tax notice which directly notes "...
by jeremyi
Wed Feb 01, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Employer denying HSA to eligible employee
Replies: 35
Views: 4727

Re: Employer denying HSA to eligible employee

Is your partner considered a "highly compensated employee" or what is their justification for not allowing him to make the cafeteria HSA contributions? I know that "highly compensated employees" at my company, because of limited participation in the HDHP/HSA, are not eligible to make pre-tax HSA con...
by jeremyi
Tue Apr 01, 2014 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Paying student loans vs Losing compounding interest
Replies: 41
Views: 7079

Re: Paying student loans vs Losing compounding interest

Precisely. A little bit of both to the extent to where it is most favorable. At this point, I haven't had a ton of excess money to really make the decision... the tax credits, employer 401k match, and life circumstances (home, 3rd child->minivan) have made my decision for me. Cashing out the vehicle...
by jeremyi
Tue Apr 01, 2014 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Paying student loans vs Losing compounding interest
Replies: 41
Views: 7079

Re: Paying student loans vs Losing compounding interest

Our situations are very similar, so thank you for posting this! We have 3 children (most recent born in December), about $50k in student loan debt. 2 paid off cars. Similar income, although my wife is a SAHM. Mortgage total is around $130k ($118k 1st, $12k HELOC balance) I can share what my current ...
by jeremyi
Mon Aug 27, 2012 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about a PenFed mortgage
Replies: 10
Views: 5359

Re: Thinking about a PenFed mortgage

Just had closing for mine tonight @ 3%. I've read some posts that had less-than-glowing reviews of the customer service. I had a really great experience though, a lot will depend on the mortgage servicer you get. The process really didn't take very long and was much less intensive from an underwriti...
by jeremyi
Fri Jun 15, 2012 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Inter-generational Living: Does it work?
Replies: 59
Views: 5792

Re: Inter-generational Living: Does it work?

I'm enjoying reading this thread and thought I should share my story. My wife and I have been married for 3 years. We have a 2 year old and a 4-month old now. I recently completed an MBA, so now have a better paying job (but still not raking in the dough). My wife is a SAHM and we try to live a pret...
by jeremyi
Mon Nov 14, 2011 9:46 pm
Forum: Personal Consumer Issues
Topic: Engagement Rings
Replies: 93
Views: 7676

Re: Engagement Rings

In 2008, I purchased an antique ring from a small antique jewelry dealer/shop for $1200. We believe it is .5 Carat, but honestly, my wife and I don't remember (or care). She is constantly complimented on how unique it is and we've never found a person with a similar one. At first, we were nervous ab...
by jeremyi
Fri Sep 16, 2011 7:22 am
Forum: Personal Consumer Issues
Topic: Where (location) is this job opportunity?
Replies: 33
Views: 2704

My first thought is Colorado... somewhere near Denver? I haven't googled further to confirm or get more specific.
by jeremyi
Wed Jul 20, 2011 11:14 pm
Forum: Personal Consumer Issues
Topic: Anyone riding in 2011 RAGBRAI?
Replies: 12
Views: 2529

Mostly just a lurker here, but this caught my eye.
I'll be heading down from Minnesota to the "homeland" to do two days worth... Monday and Tuesday from Atlantic to Boone.
by jeremyi
Thu Jan 28, 2010 8:25 am
Forum: Personal Investments
Topic: IRA in bank money market?
Replies: 3
Views: 951

emergency fund?

I am considering a similar approach, but not for the long-term. I don't have much spare money lying around to add to my Roth IRA at Vanguard (baby on the way and wife is home from work for now) and want to keep it available as emergency fund. However, I also want a safe option for this money and to ...
by jeremyi
Thu Jan 21, 2010 12:25 pm
Forum: Personal Investments
Topic: Vanguard initiated push/pull to/from Fidelity mySmart cash
Replies: 7
Views: 2590

my experience with mysmartcash

I've used mysmartcash for a while with some automatic transfers between accounts and can answer a few of those questions. My MySmartCash account uses UMB as the underlying bank and there is a long account number. I don't see a reason why it would function differently than your brokerage checking acc...
by jeremyi
Wed Jan 06, 2010 11:23 am
Forum: Personal Investments
Topic: Savings Bonds
Replies: 16
Views: 3230

In my experience working as a bank teller, there is often confusion about what maturity means with EE bonds. Many associate maturity with reaching the face value (which is guaranteed by year 20) but they will continue to earn interest for 30 years (full maturity).
by jeremyi
Fri Oct 09, 2009 1:43 pm
Forum: Personal Consumer Issues
Topic: Does your Car have a Black Box?
Replies: 20
Views: 2526

already been done

This is already happening. My co-worker has his insurance for his car through progressive and to get an extra discount, he could have a data-logger installed under the dash of his car that transmits the data to Progressive. He can also go online to the website and see speed, heavy braking, etc.
by jeremyi
Thu Aug 06, 2009 12:39 pm
Forum: Personal Investments
Topic: Looking for advice with a baby on the way.
Replies: 11
Views: 1730

I did some research at E-trade and there would be a $25 fee to convert from Traditional to Roth... plus $60 to close (or $25 for a partial transfer). That basically takes the entire balance which isn't much anyway. I'm not sure whether I should just get out of it or let it sit. I achieved my purpose...
by jeremyi
Wed Aug 05, 2009 6:14 pm
Forum: Personal Investments
Topic: Looking for advice with a baby on the way.
Replies: 11
Views: 1730

Without the 401k match, I'm focusing on the Roth IRA/emergency fund. I was thinking I would probably build up cash and do one contribution once I figure my taxes (I should qualify for the Retirement Saver's Credit also). I've been trying to do what I can to bring down the number of accounts. Each st...
by jeremyi
Wed Aug 05, 2009 4:20 pm
Forum: Personal Investments
Topic: Looking for advice with a baby on the way.
Replies: 11
Views: 1730

I wasn't sure if I was clear on that. I will still be working full-time while doing school, so I will have health insurance provided through my current job (or another better paying job once I find one). In regards to the emergency fund, the main thought that I had was to use any new Roth space as a...
by jeremyi
Wed Aug 05, 2009 12:56 pm
Forum: Personal Investments
Topic: Looking for advice with a baby on the way.
Replies: 11
Views: 1730

Looking for advice with a baby on the way.

My wife and I recently got married and we have a baby due in February... I want to make sure I'm handling our [limited] assets as well as possible since things are going to be very tight soon (my wife is a nanny but will be cutting back to part-time work in December... I work full-time but will also...