Search found 146 matches

by Beachey
Tue Aug 03, 2021 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: HMO vs. HSA - help a moron
Replies: 30
Views: 1431

Re: HMO vs. HSA - help a moron

The other thing to consider is prescription coverage. Sometimes your prescription coverage under a HSA plan is part of the deductible and is not under a HMO which can change the calculation. But looking at the numbers presented, the HSA LOW appears to always be cheaper with the possible exception of...
by Beachey
Sun Aug 01, 2021 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: When to buy-out employer subsidized mortgage?
Replies: 10
Views: 1098

Re: When to buy-out employer subsidized mortgage?

What happens if you continue to work for this employer for another 27 years and pay off the house. Does the employer still own 50% or do you own it free and clear? I am familiar with some California public universities subsidizing housing for their employees. Some of the decisions might be driven if...
by Beachey
Sun Aug 01, 2021 9:38 am
Forum: Personal Consumer Issues
Topic: Wrong SSN on a Minor I-bond
Replies: 1
Views: 269

Wrong SSN on a Minor I-bond

When I set up my DD1 Treasury Direct Account (Minor Linked Account) I used DD2's Social Security Number. So when I purchased a bond in that account it has DD1 name and DD2 SSN. I realized this when I attempted to transfer a gift bond with the correct name/SSN and it wouldn't let me. When I called Tr...
by Beachey
Sun Aug 01, 2021 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Were your last few career years a slog?
Replies: 48
Views: 4869

Re: Were your last few career years a slog?

There are a lot of jobs out there right now that are offering work from home. My suggestion would be to polish up your resume and apply to something that interests you. You have to have transferable skills. If nothing else will give you perspective on your present situation. My commute is not as lon...
by Beachey
Sat Jul 31, 2021 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Condo 6 weeks ago - Settlement Company Now Asking me to Sign an FHA Form
Replies: 5
Views: 1321

Re: Sold Condo 6 weeks ago - Settlement Company Now Asking me to Sign an FHA Form

adamthesmythe wrote: Sat Jul 31, 2021 7:29 pm Probably one of the OTHER documents you did sign say that you agree to cooperate in addressing any paperwork errors or admissions.
+1
by Beachey
Sat Jul 31, 2021 11:46 am
Forum: Personal Finance (Not Investing)
Topic: How much financial support do you plan on giving to your kids after high school?
Replies: 177
Views: 13691

Re: How much financial support do you plan on giving to your kids after high school?

What types of payments are you describing here? It is my understanding that if you are receiving SS retirement benefits, your minor child can receive payments until they are 18, or until they graduate from HS before age 19. https://www.ssa.gov/pubs/EN-05-10085.pdf I did that. Iirc, they must also b...
by Beachey
Fri Jul 30, 2021 9:03 am
Forum: Personal Finance (Not Investing)
Topic: How much financial support do you plan on giving to your kids after high school?
Replies: 177
Views: 13691

Re: How much financial support do you plan on giving to your kids after high school?

One item I have not seen discussed is keeping a young adult on your health plan until they are 26. My impression with many of the new grads I work with is most of them stay on their parents plan. Depending on ages of other kids, keeping the oldest on your plan may not cost any extra and may help wit...
by Beachey
Wed Jul 28, 2021 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Company reverses return to work plan
Replies: 22
Views: 3859

Re: Company reverses return to work plan

MathWizard wrote: Tue Jul 27, 2021 10:14 pm
They have said that they will give 2 weeks heads-up so childcare can be arranged.
OK this made me laugh out loud. If they think most people would only need two weeks they are seriously out of touch.
by Beachey
Sun Jul 25, 2021 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Child tax credits, FSA dependent care, and student loan repayment
Replies: 3
Views: 267

Re: Child tax credits, FSA dependent care, and student loan repayment

Good catch on only one person being able to claim the $2500, here is a thread from earlier this year with someone in a similar situation. I think that it was mentioned there but I had forgotten that. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=342359&p=5870270#p5870270 The Tax chang...
by Beachey
Sun Jul 25, 2021 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Child tax credits, FSA dependent care, and student loan repayment
Replies: 3
Views: 267

Re: Child tax credits, FSA dependent care, and student loan repayment

First Congratulations! I assume you are not back to work yet and the $15K is an annual cost. So your actual cost this year will be maybe 1/4 to 1/3rd that? From reading these boards, limiting income-based student loan repayments appears to be one of the few cases where married filing separately make...
by Beachey
Fri Jul 23, 2021 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Last minute preschool decision - any way to mitigate costs?
Replies: 4
Views: 969

Re: Last minute preschool decision - any way to mitigate costs?

Changing care providers as is a change in cost of care are both a QLE for DCFSA but in your situation at your AGI I suspect the tax credit is a much better deal. While I agree with this, that a change in the cost of care is normally a qualifying event, you will likely not be elgible for the full am...
by Beachey
Fri Jul 23, 2021 3:08 pm
Forum: Personal Consumer Issues
Topic: Boglehead Tips for Long Flights
Replies: 76
Views: 8595

Re: Boglehead Tips for Long Flights

On 12 hour flights to Asia, I used to like to mentally break it up in 4 hour segments which I thought of as US Coast to Coast equivalent. First 4 Hours, flight and meal Second 4 Hours, try to sleep Last 4 Hours, flight and meal. Other have given great advice but if you are Coach like me there is no ...
by Beachey
Tue Jul 20, 2021 10:24 am
Forum: Personal Consumer Issues
Topic: Carseats for Baby
Replies: 52
Views: 2429

Re: Carseats for Baby

Never under-estimate the amount of free stuff other parents will give you to get it out of their house. You may be able to find gently used bases, attachments and even strollers. I'm not telling you to get a 10 year old base but I would consider one that is a couple years old that was barely used. ...
by Beachey
Tue Jul 20, 2021 9:48 am
Forum: Personal Consumer Issues
Topic: Carseats for Baby
Replies: 52
Views: 2429

Re: Carseats for Baby

I would add my recommendation for the Chicco Key Fit. The base is simple to install in a car and relatively inexpensive so one seat works for multiple cars (buy a base per car). We then used the Diono Radian RXT which we still use. Our older daughter has Britax Pioneer which is a booster seat. We ha...
by Beachey
Mon Jul 19, 2021 3:27 pm
Forum: Personal Consumer Issues
Topic: Washer/Dryer Recommendations
Replies: 74
Views: 6258

Re: Washer/Dryer Recommendations

After some research I am going to go with either of the following GE models/combos: Combo #1 - $1,790 https://www.geappliances.com/appliance/GE-4-8-cu-ft-Capacity-Smart-Front-Load-ENERGY-STAR-Washer-with-UltraFresh-Vent-System-with-OdorBlock-and-Sanitize-w-Oxi-GFW550SSNWW https://www.geappliances.c...
by Beachey
Sun Jul 18, 2021 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate attorney for NH single family home purchase
Replies: 10
Views: 932

Re: Real estate attorney for NH single family home purchase

Not NH but the same thing in Arizona. The realtors use a standard contract written by the state with fill-in-the-blanks. Your realtor should be able to show you a copy ahead of time in case there is anything you have a question about and want to get an attorney's opinion. This is different from when...
by Beachey
Sat Jul 17, 2021 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Is title insurance needed for new construction townhome in NJ purchased for cash (no mortgage)
Replies: 74
Views: 5345

Re: Is title insurance needed for new construction townhome in NJ purchased for cash (no mortgage)

It might have been when I was refinancing but I was asked once for the previous title insurance so they only had to do a title search from the date of purchase at a reduced price. IANAL but I wonder if a gap in the title insurance record could cause issues when reselling? It most likely would be unu...
by Beachey
Fri Jul 16, 2021 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: About to have 1st grand daughter. Please advise
Replies: 30
Views: 3151

Re: About to have 1st grand daughter. Please advise

I live in a state where a 529 contribution is deductible against state taxes. My parents gift the money to us and I put it in a 529 I own/control. When I have discussed this with my father, he says the tax deduction helps us much more than him. It also fulfills his wish to help finance his grandchil...
by Beachey
Fri Jul 16, 2021 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Child Tax credit
Replies: 83
Views: 6535

Re: Child Tax credit

According to USPS Informed Delivery, the check will be in the mail today. That is much quicker than I would have expected.
by Beachey
Fri Jul 16, 2021 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Care FSA Limits - 2021 and Beyond
Replies: 5
Views: 724

Re: Dependent Care FSA Limits - 2021 and Beyond

truenyer wrote: Fri Jul 16, 2021 12:58 am My employer didn’t allow us to up contributions because they were afraid of failing the non discrimination rule.
Same thing my employer told me.
by Beachey
Thu Jul 15, 2021 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Child Tax credit
Replies: 83
Views: 6535

Re: Child Tax credit

I mentioned this on another thread and am wondering if I misinterpreted what the IRS web site said: Earlier this week I went to the IRS web site and realized they were not going to transfer over the bank account I submitted for the Stimulus to the child tax credit. I always owe so they don't have an...
by Beachey
Thu Jul 15, 2021 8:44 am
Forum: Personal Consumer Issues
Topic: Expedia: Canceled Hotel, Refuses to Refund
Replies: 46
Views: 3363

Re: Expedia: Canceled Hotel, Refuses to Refund

SteadyOne wrote: Thu Jul 15, 2021 7:53 am Formally dispute the charge with your credit card company. This works almost always
It looks like you have email as documentation so I would think this would be straightforward. While Expedia/hotel might not care about making your mad they can not afford to do so with the credit card companies.
by Beachey
Wed Jul 14, 2021 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Data Point: Child Tax Credit Payment Received
Replies: 3
Views: 607

Re: Data Point: Child Tax Credit Payment Received

I have had a different experience. I always owe but did submit my bank account for the stimulus checks and they were received that way. When I went to check earlier this week, that bank account was not on record and they said they would be sending me a check. I then went in and added my bank account...
by Beachey
Wed Jul 14, 2021 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: “Free” COBRA if still eligible for parent’s policy?
Replies: 22
Views: 1354

Re: “Free” COBRA if still eligible for parent’s policy?

Husband’s benefit year is June - May, thus if he did that, it would be for a year. If you did add him as to your husband's plan and then got a job where he wanted to go on his own plan wouldn't that be a qualifying event where you could drop him. Even if his new employer plan started next January a...
by Beachey
Wed Jul 14, 2021 9:34 am
Forum: Personal Finance (Not Investing)
Topic: “Free” COBRA if still eligible for parent’s policy?
Replies: 22
Views: 1354

Re: “Free” COBRA if still eligible for parent’s policy?

Husband’s benefit year is June - May, thus if he did that, it would be for a year. If you did add him as to your husband's plan and then got a job where he wanted to go on his own plan wouldn't that be a qualifying event where you could drop him. Even if his new employer plan started next January a...
by Beachey
Thu Jul 01, 2021 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Have $1M+ in your 401k? You're in the top 1.6% of all 401k accounts
Replies: 26
Views: 4764

Re: Have $1M+ in your 401k? You're in the top 1.6% of all 401k accounts

I'm sure they run a query for total number of accounts, and then a query for total number of $1m accounts. They're not combining data across multiple accounts. Though if you ran a query by unique customers you could come up with a mean, median, and standard deviation that would also allow you to es...
by Beachey
Thu Jul 01, 2021 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Have $1M+ in your 401k? You're in the top 1.6% of all 401k accounts
Replies: 26
Views: 4764

Re: Have $1M+ in your 401k? You're in the top 1.6% of all 401k accounts

Predictable questions: 1. Does this count all accounts separately? For example, what if I have 5 jobs and 5 different 401(k)s with $200k+ each? Instead of counting 1 401(k) with $1 million, it will count as 5 401(k)s with under $1 million. When Fidelity publishes their data which I would think base...
by Beachey
Mon Jun 28, 2021 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Closing on a house first week of August- not sure when to plan to move in
Replies: 18
Views: 1698

Re: Closing on a house first week of August- not sure when to plan to move in

If you are closing on August 6, your first mortgage payment will likely not be due until Oct 1. You need to assess the risk on whether that closing date holds but you could even give notice beginning of August (effective Oct. 1) and not make a double housing payment. My recommendation would be to br...
by Beachey
Wed Jun 16, 2021 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: HSA: How do u do it?
Replies: 20
Views: 1429

Re: HSA: How do u do it?

For a slightly different perspective from someone also with kids. First - a significant amount of the health care a child needs is considered preventative and is therefore $0. Even a lot of adult health care is preventative as well. We contribute the max Medical HSA each year. I use the HSA for big ...
by Beachey
Tue Jun 15, 2021 11:33 am
Forum: Personal Investments
Topic: Changing jobs and now 1 year wait to start 401K
Replies: 7
Views: 708

Re: Changing jobs and now 1 year wait to start 401K

I’m just saving the extra and will max out my 401k next year. Unless you think you can max out your 401K based upon your salary, this might be your best option. Save money this year to spend next year so you can max your 401k in 2022. Other thing to consider is maxing out a Medical HSA if available.
by Beachey
Sat Jun 12, 2021 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Does changing address require proof of address?
Replies: 4
Views: 428

Re: Does changing address require proof of address?

I have almost always done this after already having been logged in under my account. If you call, I am sure they would go through their normal verification procedures. At least with Vanguard, I also think they put a lock on moving finds out of your account for somewhere from 30-90 days.
by Beachey
Sat Jun 12, 2021 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Does changing address require proof of address?
Replies: 4
Views: 428

Re: Does changing address require proof of address?

Typically they send notice to both the new address and old address. If anyone at the old address has a concern, they can contact the institution.
by Beachey
Sat Jun 12, 2021 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Ethical to Work with Two Realtors?
Replies: 31
Views: 3818

Re: Ethical to Work with Two Realtors?

If you are going to work with multiple Realtors in the same market area - tell them this. You do not want to be on the receiving end of two Realtors, each claiming that they identified the property to you first. No, I would not work with multiple Realtors in the same market. The reverse is the only...
by Beachey
Fri Jun 11, 2021 8:57 am
Forum: Personal Investments
Topic: ETF vs Mutual Fund
Replies: 22
Views: 1929

Re: ETF vs Mutual Fund

4. ETFs must be purchased thru a brokerage account, and some brokerages do not allow the purchase of fractional shares. In these instances, ETF's can be a tad bit messier to purchase. With MF's, you just indicate the dollar amount of your purchase, and you're done. I own both and this is my biggest...
by Beachey
Thu Jun 10, 2021 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Child tax credit changes -- monthly refund
Replies: 44
Views: 3614

Re: Child tax credit changes -- monthly refund

I shared the OP original worry, one other thing to consider for many with kids is the childcare deduction for 2021 was substantially increased. Up to $16,000 with two kids from a max of $6000. While I generally try to adjust my withholding aiming for a refund/owing $0, I think I may end up with a la...
by Beachey
Tue Jun 08, 2021 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement
Replies: 20
Views: 3002

Re: Railroad Retirement

Are you referring to US Railroad Retirement Board that is essentially a parallel system to Social Security? My wife worked for the railroad for a few years but never vested. I thought there were Offices in most major cities, my guess in Boston if not closer. The uniqueness is a Tier 1 and Tier 2 sys...
by Beachey
Sat May 29, 2021 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: 2021 - Two Dependent Care FSAs
Replies: 7
Views: 1243

Re: 2021 - Two Dependent Care FSAs

So I already did this. I was deducting $5K at my work. My HR told me that could not increase the contribution because there is a nondiscrimination test. We declared a qualifying event and had my wife contribute $5K which gets us close to $10.5K. I had my daughter's daycare write a letter saying she...
by Beachey
Fri May 28, 2021 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: 2021 - Two Dependent Care FSAs
Replies: 7
Views: 1243

Re: 2021 - Two Dependent Care FSAs

So I already did this. I was deducting $5K at my work. My HR told me that could not increase the contribution because there is a nondiscrimination test. We declared a qualifying event and had my wife contribute $5K which gets us close to $10.5K. I had my daughter's daycare write a letter saying she ...
by Beachey
Wed May 26, 2021 8:49 am
Forum: Personal Consumer Issues
Topic: Troubleshoot poor TV streaming (buffering) -need help
Replies: 77
Views: 4511

Re: Troubleshoot poor TV streaming (buffering) -need help

Yep 30/30 isn’t going to work with multiple TVs You probably aren’t even getting 30 since that’s the max Add in mediocre wireless and maybe 1 tv can be supported at that resolution Additionally I’d use powerline instead of wireless in this dynamic but this would require using Ethernet devices to do...
by Beachey
Sat May 22, 2021 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: RMD calculator for a 40 year old
Replies: 15
Views: 1459

Re: RMD calculator for a 40 year old

I am older than you but still quite a ways away from an RMD. I have estimated what I think my 401k/tIRA will be worth when I am 72 and then used a calculator to get an idea of what my RMD will be. More because I was more curious. The only thing that is actionable for me is to consider how I can tran...
by Beachey
Sat May 22, 2021 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Simple (maybe silly) HSA question
Replies: 9
Views: 1348

Re: Simple (maybe silly) HSA question

My understanding is there not a family HSA. All HSA's are individual HSA. If you are covered under a family plan you can contribute to the family maximum. If you are only covered by an individual plan you can contribute to the individual maximum. Even though a HSA is owned by an individual you can p...
by Beachey
Sat May 22, 2021 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Unemployment & Forced Retirement
Replies: 12
Views: 1129

Re: Unemployment & Forced Retirement

Unemployment is typically reduced by pensions or other severance benefits. So it would depend on your state laws and what other benefits you accrue as a result of your retirement.
by Beachey
Wed May 19, 2021 5:10 pm
Forum: Personal Consumer Issues
Topic: "Porting" cell phone number to new phone
Replies: 16
Views: 1144

Re: "Porting" cell phone number to new phone

When I had Verizon, they used to have an option where you could have two phone numbers assigned to one phone. I think it was around $15.00 a month. Likely cheaper than any second line. My guess you could port it over that way?
by Beachey
Tue May 18, 2021 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Anyone know about co-signing car leases?
Replies: 22
Views: 1522

Re: Anyone know about co-signing car leases?

Do you have any liability in the event there is an accident or damage caused by the leased vehicle? If yes, have you notified your auto / umbrella insurer(s) that you are co-signer on the auto lease and listed on the registration to be sure you have coverage? That was my question - Is she on your i...
by Beachey
Tue May 11, 2021 11:28 am
Forum: Personal Finance (Not Investing)
Topic: How many SS credits do I actually have?
Replies: 7
Views: 1022

Re: How many SS credits do I actually have?

I logged in to the "my SSA" website where it now tells me I have 40 credits. Last time I logged in, it said I have 39 credits. In my earnings record, I see 9 years of recorded earnings, one of which was not sufficient for a full 4 credits. So by my calculations, I should only have 35 cred...
by Beachey
Tue May 11, 2021 10:46 am
Forum: Personal Consumer Issues
Topic: Phoenix, AZ as an early retirement location? Advice please
Replies: 156
Views: 13559

Re: Phoenix, AZ as an early retirement location? Advice please

That 8/9 school rating pretty much only says that the children in the school rate 8/10 for socioeconomic status within the state of AZ. And when you say the culture is different, please remember that your child will be growing up in that culture which will impact the opportunities offered and the b...
by Beachey
Mon May 10, 2021 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Please Weigh In, Can't Ask Anyone Else - Burial Planning
Replies: 52
Views: 4672

Re: Please Weigh In, Can't Ask Anyone Else - Burial Planning

I ended up purchasing eight sites from an extended family member that had originally been purchased by a Great Uncle back in the 1930's. We needed a plot to bury the cremated remains of my wife's parents and her being an only child, it made sense to bury them where we could visit. The relative was o...
by Beachey
Sun May 09, 2021 10:29 am
Forum: Personal Finance (Not Investing)
Topic: New Job, New 401K Offerings
Replies: 3
Views: 390

Re: New Job, New 401K Offerings

My biggest issue with any type of rollover is time out of the market. As to the reliability of mail, they usually give you an option that is not USPS for a fee, depending on the amount of the account it likely is a good idea. Once you confirm with the new 401k it will accept a rollover, you normally...
by Beachey
Tue Apr 27, 2021 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Limited W2 salary: 457b or Dependent Care FSA?
Replies: 17
Views: 831

Re: Limited W2 salary: 457b or Dependent Care FSA?

457. You’ll be able to get child care tax credits in place of the FSA. Would your answer change if I am unable to get these credits due to AGI phase out? In that case, I would think that the DCFSA is better because it would take more than $10500 in pre-tax income to pay the child care versus $10500...
by Beachey
Tue Apr 27, 2021 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Job Exit Interview
Replies: 100
Views: 11550

Re: Job Exit Interview

Just this week we deep dove a business that had 49 positions turn. 7 for promotions, 20 performance managed out and 22 regrettable losses. Of that 22, 16 sites compensation 4 work life balance and 2 philosophical differences with our direction. We would get this information and be able to act witho...