Search found 279 matches

by MoneyOCD
Sun Oct 11, 2015 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Did I [mess up] my wife's 401k match?
Replies: 8
Views: 965

Re: Did I screw up my wife's 401k match?

That is very common situation and you need to make sure that contributions flow through every paycheck. We have similar issue although not due to my oversight but due to HCE limit on my 401k contributions in the amount of $3k per year and they match 50c on dollar up to first 6%. Nothing I can do to ...
by MoneyOCD
Sun Sep 14, 2014 9:39 pm
Forum: Personal Consumer Issues
Topic: Mortgage sold to shady lender
Replies: 9
Views: 1419

Re: Mortgage sold to shady lender

Our loan was sold to them about a year and half ago too. I was completely freaked out after reading all reviews. Also their website was a total mess at that time (they upgraded it later though). Was looking to refinance but could not find any good deal to justify closing costs. So we are still with ...
by MoneyOCD
Tue Jul 08, 2014 8:44 pm
Forum: Local Chapters and Bogleheads Community
Topic: Louisville, Ky. chapter
Replies: 36
Views: 3947

Re: Louisville, Ky. chapter

Still no chapter? I am in Lexington, will be happy to join Louisville meetings :D
by MoneyOCD
Thu May 09, 2013 10:56 am
Forum: Investing - Theory, News & General
Topic: Nongovernmental 457(b) and employer's creditors (legal)
Replies: 45
Views: 2447

Re: Nongovernmental 457(b) and employer's creditors

Do not have 457( b) but as HCE have access to 409(a) which probably even worse Use for very limited contributions but may increase contribution % as will get closer to the date. Plan is very restrictive on distributions and also have the same risks as non-gov 457. Main account inside the plan: if qu...
by MoneyOCD
Wed May 01, 2013 10:23 am
Forum: Personal Finance (Not Investing)
Topic: HSA Bank Fees
Replies: 12
Views: 4421

Re: HSA Bank Fees

That is interesting, I also thougt that $5k needs to stay in HSA bank to avoid all fees and have total 10k in 2 accounts earning nothing right now.

Please let us know what they will tell you.
If that is $3k in HSA bank and $5k in TDA - I need to transfer 2k more per account to ATD.
by MoneyOCD
Mon Apr 29, 2013 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Family Finances - Are we doing something wrong?
Replies: 44
Views: 5479

Re: Family Finances - Are we doing something wrong?

Not sure if anyone already mentioned Ongoing Savings: 401k: Combined contribution of $35k IRA: Combined contribution of $10k <--- you can put there combined $11K in 2013 529: Combined contribution for both kids: $7k Estimated Yearly Mortgage Overpayment: $30k Brokerage Account: Yearly contribution o...
by MoneyOCD
Tue Apr 16, 2013 9:28 am
Forum: Investing - Theory, News & General
Topic: current ibond rate
Replies: 15
Views: 2895

Re: current ibond rate

Per my calculations May 1 rate will be 1.18% if fixed part is still zero, is that right?

If you buy in April then for 1 year you will earn total of 1.475% not including penalty.
by MoneyOCD
Tue Feb 05, 2013 11:34 am
Forum: Investing - Help with Personal Investments
Topic: 401k Issue [Excess Contributions]
Replies: 10
Views: 1474

Re: 401k Issue

You are not alone, whole HCE thing for 401k is big PITA. In my case I can put only about 30% of maximum allowed due to being right on the border of HCE. About rollover to IRA- you can not do it. Your distribution is not "Regular" or "Early" one but "Excess contributions. exc...
by MoneyOCD
Mon Jan 07, 2013 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: 401k max for highly comp, with over 50 catchup
Replies: 4
Views: 1686

Re: 401k max for highly comp, with over 50 catchup

Quick question, and my HR dept is getting conflicting answers from Fidelity (where our company 401k is managed): I fall into the Highly Compensated trap, and as a result, my 401k contribution is limited to approx $15,500 for 2013, slightly less than the $17,500 IRS cap. I am also over 50, and allow...
by MoneyOCD
Thu Dec 20, 2012 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: TaxACT 2012, no AMT patch yet?
Replies: 18
Views: 2842

Re: TaxACT 2012, no AMT patch yet?

Ok, it is December 20th already and no patch?
Just did estimates on the H&R Block site and that is $6k :shock: difference for us if no AMT patch will be voted for.
Basically all tax refund that was planned for I-Bonds will go there and we will owe some to IRS :annoyed
by MoneyOCD
Tue Dec 11, 2012 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs, insurance, bad debt and ethics: Healthcare profession
Replies: 39
Views: 1905

Re: HSAs, insurance, bad debt and ethics: Healthcare profess

Found interesting article on the subject, it is from 2009 but still very insightful on what is going on with assignments of benefits
by MoneyOCD
Tue Dec 11, 2012 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs, insurance, bad debt and ethics: Healthcare profession
Replies: 39
Views: 1905

Re: HSAs, insurance, bad debt and ethics: Healthcare profess

Insurance companies don't pay the patients, they pay the doctor directly. Unfortunately, this is not 100% correct. Even though the clinic is submitting the claims and noting that any payment should be made to the clinic not the patient, the insurance company policy states that for out-of-network cl...
by MoneyOCD
Tue Dec 11, 2012 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs, insurance, bad debt and ethics: Healthcare profession
Replies: 39
Views: 1905

Re: HSAs, insurance, bad debt and ethics: Healthcare profess

True enough but withdrawing from an HSA and declaring it on your return as a qualified expense when it is not is probably illegal whether or not you get audited. The debit card is probably the best solution. If I recall from my HSA agreement, checks result in a fee with some administrators. If we a...
by MoneyOCD
Tue Dec 11, 2012 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs, insurance, bad debt and ethics: Healthcare profession
Replies: 39
Views: 1905

Re: HSAs, insurance, bad debt and ethics: Healthcare profess

Jane submits the invoice to her HSA and the HSA releases payment to Jane for the visit, but Jane does not pay Dr. M. In short, Jane has been able to use her HSA to "pay for" eligible services, but fails to pay Dr. M. I believe this is not legal according to the rules of HSAs. You can only...
by MoneyOCD
Sun Dec 09, 2012 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA custodian
Replies: 54
Views: 24998

Re: Best HSA custodian

So, am I right in reviewing HSA Bank that there is no HSA fee if you have a balance of over $5k? I would be interested in buying an ETF or mutual fund through Ameritrade. Am I missing something? That is also my understanding about HSA Bank. We have 2 HSA accounts at Adirondack (ATC) with $28.4K + $...
by MoneyOCD
Fri Dec 07, 2012 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA custodian
Replies: 54
Views: 24998

Re: Best HSA custodian

Just to add one more data point we hold ours at Adirondack Trust Company . It pays 3% currently but started to charge monthly fee of $4 this October. Depending on the amount it may still worth holding HSA there, for us after fees it is still earning about 2.75%. Hate the fee but do not see better a...
by MoneyOCD
Wed Dec 05, 2012 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Company delaying 401k match till end of year in 2013
Replies: 20
Views: 4306

Re: Company delaying 401k match till end of year in 2013

Interesting email today from my company 401k administrator: Beginning January 1, 2013, we will be changing the timing of the match and automatic contribution for our 401(k) plan from semi-monthly to an annual contribution at the end of the year. The percentage of the match and automatic contributio...
by MoneyOCD
Fri Nov 30, 2012 1:48 pm
Forum: Personal Consumer Issues
Topic: What kind of car are you driving?
Replies: 368
Views: 36806

Re: What kind of car are you driving?

kybourbon wrote:me: 1996 Volvo sedan...to be driven for the forsseable future.


Ha!
I thought we will be only ones with Volvo till I saw your post. And interstingly enough we are in KY.
Guess bourbon goes well with swedish cars :P

2005 Volvo XC70
2000 Volvo S40
1999 Jeep Wrangler
by MoneyOCD
Fri Nov 30, 2012 1:22 pm
Forum: Personal Consumer Issues
Topic: Health Insurance Deductible Calculation
Replies: 5
Views: 703

Re: Health Insurance Deductible Calculation

So I owe $4,909 + $265. Wouldn't it make sense that I would be responsible for 20% of the $265. I would guess after insurance discounts all charges have been $6325 incluidng primary. 5k was applied to deductible, that would leave $1325 subject to coinsurance. UHC paid 80% and your part is 20% of th...
by MoneyOCD
Thu Nov 29, 2012 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: HSA or not?
Replies: 11
Views: 920

Re: HSA or not?

double post
by MoneyOCD
Thu Nov 29, 2012 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: HSA or not?
Replies: 11
Views: 920

Re: HSA or not?

[I agree and love the concept but am having a hard time digesting the reality. In your example below, my estimate is that even one or two visits to an orthopedist, paying full board of the insurance negotiated rates, I would expect those bills alone to be a couple grand. MRI would be a grand all-in...
by MoneyOCD
Thu Nov 29, 2012 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: HSA or not?
Replies: 11
Views: 920

Re: HSA or not?

I agree that HDHP+HSA wins in this case. I looked at family HDHP+HSA and Family EPO Cost of HDHP is $1200 Cost of EPO is $5760 Difference is $4560, I assume you put this to HSA to be neutral for taxes and to asses how same amount from you ($5760) will be used in both cases. However, you should max ...
by MoneyOCD
Thu Nov 29, 2012 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: HSA or not?
Replies: 11
Views: 920

Re: HSA or not?

I agree that HDHP+HSA wins in this case. I looked at family HDHP+HSA and Family EPO Cost of HDHP is $1200 Cost of EPO is $5760 Difference is $4560, I assume you put this to HSA to be neutral for taxes and to asses how same amount from you ($5760) will be used in both cases. If medical expenses are z...
by MoneyOCD
Thu Nov 29, 2012 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: dependent fsa question
Replies: 2
Views: 297

Re: dependent fsa question

I would think yes.
Submit claim ASAP and see if it is processed. If denied - they will give you written explanation why.
Do not let funds disappear at the end of the just becasue you are not sure if you qualify.
by MoneyOCD
Thu Oct 25, 2012 9:41 am
Forum: Personal Finance (Not Investing)
Topic: HDHP/HSA vs PPO - Lower OOP with HDHP
Replies: 3
Views: 552

Re: HDHP/HSA vs PPO - Lower OOP with HDHP

It will all come down to prescriptions.
For PPO usually they are like separate coverage with its own rules/copays and zero or very minimal deductible. For HDHP it is part of overall covearge and subject to the same deductible and medical expences.
by MoneyOCD
Wed Oct 24, 2012 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: FICA treatment of HSA/FSA/Premiums; per check or per year?
Replies: 7
Views: 807

Re: FICA treatment of HSA/FSA/Premiums; per check or per yea

Below may be not exactly to answer OP question as it was already answered but something he may want to look into if it is applicable. In our case we both have HDHP plans through the same employer, and access to HSA. Husband is earning above SSWB and wife is below. We also have one child. Employer co...
by MoneyOCD
Sun Oct 21, 2012 11:19 am
Forum: Personal Finance (Not Investing)
Topic: HSAs & adult child dependent rules
Replies: 6
Views: 2184

Re: HSAs & adult child dependent rules

That is very interesting. If I have 24 years old child on my insurance - that makes my plan a family plan for purposes of HSA contribution limits - so I can stash away $6250 in 2012, but I cannot use any of those money to pay eligible medical expences for the same child. This link was posted on Fat...
by MoneyOCD
Sat Oct 13, 2012 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: High Balance HSA; No more HDHP
Replies: 7
Views: 1061

Re: High Balance HSA; No more HDHP

About Adirondack Trust, if you enroll into electronic statement delivery, monthly fee will be only $2, not $4.
by MoneyOCD
Thu Sep 27, 2012 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: More $ I make, the cheaper I get
Replies: 62
Views: 7008

Re: More $ I make, the cheaper I get

"Hoarding" anyone? Totally can relate to OP, look at my nick name, it is that for a reason -----------------------------------------> For myself I found solution as to not buy anything often but when do - buy quality. Items will last longer and I do not have to deal with my spending fears ...
by MoneyOCD
Mon Sep 17, 2012 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: How much mortgage does a 90,000 salary qualify for
Replies: 51
Views: 45235

Re: How much mortgage does a 90,000 salary qualify for

I can not believe what I am reading here...
And silly me was thinking that NO WAY we can afford $750k house on 200k pay :?

Feel old and grumpy now compare to this "young optimistic couple" (and we are only 43)
:(
by MoneyOCD
Sat Sep 15, 2012 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Okay, You Win [needs investing help]
Replies: 67
Views: 15295

Re: Okay, You Win [needs investing help]

pongun wrote:Hey, is there any way to retire without putting decades into it? I've already put in one decade, and it hasn't gone that well.


Oh yeaaaaaaa....

This blog is your destination
Enjoy!!!
by MoneyOCD
Mon Sep 10, 2012 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contribution rules for spouses in all situations
Replies: 12
Views: 3309

Re: HSA contribution rules for spouses in all situations

...now the wife has her own HSA with over $11k in her account and I now have a family HSA with over $23k so between the two of us we have over over $34k in our combined HSAs . . .... That is great!! We also never took any money out, just collecting receipts and call those amounts as 'Vested HSA&quo...
by MoneyOCD
Sun Sep 09, 2012 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contribution rules for spouses in all situations
Replies: 12
Views: 3309

Re: HSA contribution rules for spouses in all situations

We have 2 separate HDHP and 2 HSA accounts. We work for the same employer and get contributions to our HSAs in amount of $540 for single plan and $1080 for family plan. We have one child and could have coverage for all 3 of us 2 different ways: one family plan by either of us (monthly cost is about ...
by MoneyOCD
Tue Sep 04, 2012 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with retired Mom's risky portfolio?
Replies: 28
Views: 2835

Re: What to do with retired Mom's risky portfolio?

In the meantime, with 27 or so individual stocks, I wouldn't be too panicky about the risks with individual stocks. Although I didn't look into the particular stocks, the 27-stock portfolio (almost like her own mini Dow Jones) will probably not vary that much from a S&P 500 index or the TSM ind...
by MoneyOCD
Thu Aug 16, 2012 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs & adult child dependent rules
Replies: 6
Views: 2184

Re: HSAs & adult child dependent rules

That is very interesting.
If I have 24 years old child on my insurance - that makes my plan a family plan for purposes of HSA contribution limits - so I can stash away $6250 in 2012, but I cannot use any of those money to pay eligible medical expences for the same child.
by MoneyOCD
Wed Aug 01, 2012 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Please help me organize my finances
Replies: 15
Views: 1906

Re: Please help me organize my finances

Okay, here is the deal: we are saving a large chunk of our income, but it is virtually all retirement savings. We really only have about $12k being saved that is accessible each year. I would agree with guys above that you need to consider switching to Traditional 401k. It should add to your availa...
by MoneyOCD
Fri Jul 13, 2012 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Max Out Retirement, Then College?
Replies: 17
Views: 3434

Re: Max Out Retirement, Then College?

OK, so that's an obsolete page. I'm familiar with the various education credits and deductions. Tuition payments are not "deductible, at least partially". A very small part of tuition payments is deductible, if you qualify. The maximum deduction is $4,000, which is available only to famil...
by MoneyOCD
Thu Jul 12, 2012 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Max Out Retirement, Then College?
Replies: 17
Views: 3434

Re: Max Out Retirement, Then College?

Bob's not my name wrote:
MoneyOCD wrote:Depending on your income those payments may also be tax deductible, at least partially, or you can get a limited tax credits for them.
Can you elaborate on this?


Here is a table for different options available, they may change in 14 years though.

http://www.360financialliteracy.org/Top ... deductions
by MoneyOCD
Thu Jul 12, 2012 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Max Out Retirement, Then College?
Replies: 17
Views: 3434

Re: Max Out Retirement, Then College?

I would still max out 63k possible in your situation. Then look into 529. Biggest reason is FAFSA - you are looking at possibly 2 years(?) with all 3 kids in college - that is a big opportunity for financial aid. Also if you can max out 63k/ year for next 14 years - your retirement savings should be...
by MoneyOCD
Sun Jul 08, 2012 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: HealthInsurance Deductible Fraud
Replies: 2
Views: 687

Re: HealthInsurance Deductible Fraud

You will be shocked but I know for a fact that at least one major insurance actually ignores billed rate and still process contact rate. Example: Insurance have $1000 deductible and 100% coverage after that Hospital billed $1000. Insurance stated that contracted rate is $1500 $1000 applied to deduct...
by MoneyOCD
Sun Jul 08, 2012 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: What retirement contributions does your employer offer?
Replies: 68
Views: 8523

Re: What retirement contributions does your employer offer?

Reading all replies made me really jealous. We both work for that same Mega Corp and have ZERO match. We had 25% match up to first 6% of our contributions before 2009. That is peanuts compare to what many guys here have but still better then 0. Then in January 2009 company announced that they suspen...
by MoneyOCD
Tue Jul 03, 2012 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help for a beginner (Formatted correctly :) )
Replies: 22
Views: 2370

Re: Help for a beginner (Formatted correctly :) )

If it would be me in your shoes that is what I would do: (keep in mind my nick name in case if below sounds too extreme ) 1. Take 15k from savings and pay all federal loans (all 3 are above 3% that you earn on your savings - no reason to have negative arbitrage rate) That will leave about 7k in your...
by MoneyOCD
Mon Jul 02, 2012 1:02 pm
Forum: Personal Consumer Issues
Topic: Best Cash Back Credit Card?
Replies: 56
Views: 645833

Re: Best Cash Back Credit Card?

Amex Blue cash preferred - 6% groceries + tons of GCs (including Visa ones which I used to pay child's summer tuition ) , 3% dept stores, 3% gas, 1 % everything else Citi Forward - 5% restaurants, bookstore/Amazon, movies (redeem TYP for mortgage payment - true 5%) Fidelity Amex- 2% on everything el...
by MoneyOCD
Thu Jun 28, 2012 8:29 am
Forum: Personal Finance (Not Investing)
Topic: IRS Audit - Backdoor Roth
Replies: 59
Views: 15279

Re: IRS Audit - Backdoor Roth

Stars did align yesterday for us and IRS letter safely made it to our mail box.
Total Amount Due: $0.00 Case closed :D
Really appreciate everyone's insights and comments as they helped us to not freak out and send intellegent response on our own.
by MoneyOCD
Tue Jun 26, 2012 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Audit - Backdoor Roth
Replies: 59
Views: 15279

Re: IRS Audit - Backdoor Roth

Thanks, Alan, for your thoughtful reply. Will continue to patiently wait for resolution letter - I supplied all possible documents including copy of the rollover check itself. Also sent letter from 401k custodian with date of when they received my check issued by Fidelity and deposited it. Those 2 s...
by MoneyOCD
Tue Jun 26, 2012 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Audit - Backdoor Roth
Replies: 59
Views: 15279

Re: IRS Audit - Backdoor Roth

We got letter in the mail on June 4 that IRS received my documents as of May 1,2012 and it will take up to 60 days for them to review. (one month to acknowledge?) It is end of June already and nothing back yet. Does anyone know if those 60 days should be counted from May 1 or from day of acknowledge...
by MoneyOCD
Thu May 24, 2012 9:22 am
Forum: Investing - Theory, News & General
Topic: HSA
Replies: 16
Views: 1881

Re: HSA

I have my HSA savings account at Adirondack Trust in New York: m They do charge $4.00 a month service fee , but the APY is still much higher (currently 3.0%) that even taking the fee into account, the net rate of return is still higher than other no fee or low fee accounts. Is anyone aware of any o...
by MoneyOCD
Tue May 22, 2012 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in an HSA?
Replies: 9
Views: 1119

Re: Should I invest in an HSA?

>> Not sure I can move my HSA. .... From the wiki: You are able to move money between HSA custodians through direct rollovers and trustee to trustee transfers - see IRS Pub. 969 page 6. The rules are exactly the same as IRA Rollovers and Transfers. You may want to do this annually if you contribute...
by MoneyOCD
Mon May 21, 2012 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in an HSA?
Replies: 9
Views: 1119

Re: Should I invest in an HSA?

For 2012 $6250 contribution limit is for family plan, for singles it is $3100. It will increase in 2013 to $6450 (+$200) and $3250 (+$150) http://www.irs.gov/pub/irs-drop/rp-12-26.pdf You are not missing anything, that is great tax shelter as you do not pay taxes now and do not pay them later if use...
by MoneyOCD
Wed May 02, 2012 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Wife Asked To Work 4th Day
Replies: 24
Views: 3049

Re: Wife Asked To Work 4th Day

My vote is for working 4th day but use part of the extra income to hire help around house (1-2 days/per week at least), that way your wife will be spending all days off concentarning on good time with kids (creating memories) instead of doing a lot of chores at the same time. It should also elevate ...