Search found 648 matches

by gclancer
Thu Feb 13, 2020 6:52 pm
Forum: Personal Investments
Topic: HSA employer contribution confusion (federal employee)
Replies: 6
Views: 524

Re: HSA employer contribution confusion (federal employee)

GEHA is confusing because they contribute in arrears. The $150 you received in February is for January 2020. In January 2021 you’ll receive $150 for December 2020 which will be reported as a 2020 contribution and count towards your 2020 contribution limit. 12 x $150 = $1,800 so the most you can cont...
by gclancer
Sat Feb 08, 2020 3:21 pm
Forum: Personal Investments
Topic: Make The Case: Fidelity v. Schwab
Replies: 66
Views: 4690

Re: Make The Case: Fidelity v. Schwab

First off, thank you to all for your comments. I’m a Schwab customer. I’ve long been considering switching to Fidelity, in part because I like that it’s a privately held company. Inertia kept me at Schwab this long, and now I’m going to stick with them because I feel like they’re winning the broker...
by gclancer
Sat Feb 08, 2020 3:18 pm
Forum: Personal Investments
Topic: Make The Case: Fidelity v. Schwab
Replies: 66
Views: 4690

Re: Make The Case: Fidelity v. Schwab

I’m a Schwab customer. I’ve long been considering switching to Fidelity, in part because I like that it’s a privately held company. Inertia kept me at Schwab this long, and now I’m going to stick with them because I feel like they’re winning the brokerage wars. Specifically, my HSA is at TD Ameritr...
by gclancer
Sat Feb 08, 2020 9:52 am
Forum: Personal Investments
Topic: Make The Case: Fidelity v. Schwab
Replies: 66
Views: 4690

Re: Make The Case: Fidelity v. Schwab

I’m a Schwab customer. I’ve long been considering switching to Fidelity, in part because I like that it’s a privately held company. Inertia kept me at Schwab this long, and now I’m going to stick with them because I feel like they’re winning the brokerage wars. Specifically, my HSA is at TD Ameritra...
by gclancer
Fri Jan 31, 2020 7:45 pm
Forum: Personal Investments
Topic: HELOC or not?
Replies: 33
Views: 1745

Re: HELOC or not?

I'm very happy that we got a HELOC right before I retired in late 2014. DH had retired several years prior. Our cash flow requirements are averaging around 4% of our portfolio, but our needs are lumpy. When we're right below a tax bracket bump, it's often cheaper to take a one-year fixed on the HEL...
by gclancer
Fri Jan 24, 2020 9:36 am
Forum: Personal Investments
Topic: Closest Schwab equivalents to the various Vanguard funds?
Replies: 9
Views: 949

Re: Closest Schwab equivalents to the various Vanguard funds?

(there are real advantages to Vanguard ETFs over Schwab mutual funds). Like what? Paying higher expense ratios? Bogglizer’s post highlights the advantages. You can buy VXUS (ETF equivalent of VTIAX) or you can buy 3 mutual funds two of which are Fundamental Index funds with higher expense ratios. A...
by gclancer
Wed Jan 22, 2020 6:28 pm
Forum: Personal Investments
Topic: Closest Schwab equivalents to the various Vanguard funds?
Replies: 9
Views: 949

Re: Closest Schwab equivalents to the various Vanguard funds?

You could also buy the corresponding Vanguard ETF free of charge at Schwab. I actually understand preferring mutual funds over ETFs but consider this post your invitation to finally get on board with ETFs (there are real advantages to Vanguard ETFs over Schwab mutual funds).
by gclancer
Tue Dec 24, 2019 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Best option to finance car after paying cash?
Replies: 12
Views: 1065

Re: Best option to finance car after paying cash?

Yes, there are. I know PenFed (Pentagon Federal Credit Union) has done this in the past. You’d have to call them to talk through how/whether they still do it. My guess is that you’d have a better chance with credit unions than banks.
by gclancer
Fri Oct 18, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Fed w/ non-fed working spouse - HDHP ?
Replies: 14
Views: 1271

Re: Fed w/ non-fed working spouse - HDHP ?

FreddyC wrote:
Fri Oct 18, 2019 6:37 am
and the HSA contribution is still capped at approximately $3500
Double check that assumption. I know nothing about VA eligibility and HDHP/HSA but that’s definitely something you’ll want to understand before taking the plunge.
by gclancer
Mon Oct 14, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Applying to a Federal Job
Replies: 28
Views: 3004

Re: Applying to a Federal Job

2) You should get a copy of the position description for the job, if possible. Then use that information to high light how your current qualifications match up. +1 understand that you have to get past an HR generalist before the decision makers in the work unit you’re applying to will even see the ...
by gclancer
Sat Oct 12, 2019 7:47 am
Forum: Personal Investments
Topic: FERS employee age 51 offered a VERA can't access my TSP savings
Replies: 10
Views: 1000

Re: FERS employee age 51 offered a VERA can't access my TSP savings

Research 72(t) distributions. The Roth ladder takes 5 years until you actually have money in hand which puts you at 56. 72(t) starts immediately and runs until you’re 59.5 years old. At that time you’ll be receiving the FERS Supplement and can turn off the IRA distributions. When the Supplement stop...
by gclancer
Tue Oct 08, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: SEP IRA convert to Roth in same year?
Replies: 8
Views: 447

Re: SEP IRA convert to Roth in same year?

I have a 401k at a w-2 job I contribute to get the company match. No more because of high fee funds (lowest is 1.3%). So solo Roth 401k is out. You’re allowed to have/contribute to more than one 401(k) plan. The combination of employee contributions to both plans cannot exceed $19,000 in 2019, but ...
by gclancer
Mon Oct 07, 2019 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA convert to Roth in same year?
Replies: 8
Views: 447

Re: SEP IRA convert to Roth in same year?

Boilermaker10 wrote:
Mon Oct 07, 2019 10:15 am
I cannot do Roth 401k from my understanding because I do not have a paycheck withholding nor am I going to set that up.
Double check that assumption. Are you a sole proprietorship?
by gclancer
Mon Oct 07, 2019 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: FERS Annuity: after tax paycheck deduction
Replies: 8
Views: 770

Re: FERS Annuity: after tax paycheck deduction

I believe the FERS contribution calculation is based on your basic rate of pay and that the level of tax withholdings is immaterial. +1 for those interested your FERS annuity (contribution rate for most hired after Jan 1 2014 (not 2013) is 4.4% (not 4.9%)) is a percentage of your “basic pay.” The t...
by gclancer
Fri Sep 20, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Sold my S Corp Business - Should I File Unemployment?
Replies: 9
Views: 962

Re: Sold my S Corp Business - Should I File Unemployment?

There’s no harm in applying right? Fully disclose that you were the owner of the business and sold it, and as a result of the sale you no longer have the job. The worst they can do is deny your claim, right? Good luck! Edit: I assume you paid FUTA and SUTA like you were supposed to. I suppose if you...
by gclancer
Sun Sep 08, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Roth be an emergency EF?
Replies: 32
Views: 2924

Re: Can a Roth be an emergency EF?

I’d sooner take a 401(k) loan than tap my Roth money. You can always use the Roth money to pay off the 401(k) loan if things continue to go south.
by gclancer
Fri Aug 30, 2019 5:20 am
Forum: Personal Finance (Not Investing)
Topic: Social security now or latet
Replies: 19
Views: 1767

Re: Social security now or latet

Silk McCue wrote:
Thu Aug 29, 2019 6:43 pm
Longevity insurance.
I know nothing about OP, but I would say the risk of OP and OP’s spouse out living their money is higher than social security becoming insolvent. I would delay to 70 myself.
by gclancer
Tue Aug 27, 2019 7:12 pm
Forum: Personal Investments
Topic: Roth conversion/SEP-Ira contribution same calendar year
Replies: 2
Views: 139

Re: Roth conversion/SEP-Ira contribution same calendar year

Yes you can contribute to SEP and convert to Roth in the same year. HOWEVER, the SEP contribution reduces your qualified business income deduction and then you’ll pay tax on the conversion at your full marginal tax rate so it doesn’t make mathematical sense. For others reading this the solution is a...
by gclancer
Tue Aug 20, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Choosing Between Jobs (Career Advice)
Replies: 21
Views: 788

Re: Choosing Between Jobs (Career Advice)

Are you sure you would have to take a pay cut? Research pay retention.
by gclancer
Sat Aug 17, 2019 7:20 am
Forum: Personal Consumer Issues
Topic: Best method for handling work task list and note taking?
Replies: 31
Views: 2837

Re: Best method for handling work task list and note taking?

If you keep a relatively well organized Outlook calendar then a note pad with chronological notes can work well. Once the pad is filled file it away until it’s safe to be thrown out. If you have a situation where you’re trying to remember what Tom or Sally said at some meeting you would just need to...
by gclancer
Wed Aug 14, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Order of Paying Off Student Loans
Replies: 6
Views: 499

Re: Order of Paying Off Student Loans

Even though it’s a lower interest rate, I would knock out the unsubsidized $1,845 loan first due to the low balance. Once that monthly payment is gone, apply that same payment amount to the 6% loan. Defer the other loans as long as they remain subsidized.
by gclancer
Thu Aug 01, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Aggressive loan paydown on sub-2.5% fixed debt?
Replies: 18
Views: 1348

Re: Aggressive loan paydown on sub-2.5% fixed debt?

grabiner wrote:
Thu Aug 01, 2019 7:22 pm
That is, you should pay it off with money you would have otherwise invested in munis, and sell bonds in your IRA/401(k) to buy more stocks for an amount you would have otherwise invested in stocks.

Continue to max out your IRA and 401(k), as this space is of permanent value.
+1
by gclancer
Fri Jul 19, 2019 7:58 am
Forum: Investing - Theory, News & General
Topic: TSP 3-Funds or TSP Target Date Fund?
Replies: 67
Views: 4811

Re: TSP 3-Funds or TSP Target Date Fund?

The domestic funds are more expensive than over the counter total market funds and more complicated to manage so (assuming you have assets invested elsewhere in addition to TSP) I wouldn’t mess with them. Once the I Fund changes indexes (supposedly later this year?) that will be the cheapest total i...
by gclancer
Tue Jul 09, 2019 2:02 pm
Forum: Personal Consumer Issues
Topic: my best new travel tip only $2 per day more [airport parking]
Replies: 59
Views: 7051

Re: my best new travel tip only $2 per day more

neilpilot wrote:
Tue Jul 09, 2019 10:56 am
If we’ll be gone more than 4 days we don’t drive, we Lyft.
+1
by gclancer
Tue Jul 09, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: Real-Estate Companies Amass Cheaper—but Riskier—Short-Term Debt: Implications for REIT Index Funds Volatility??
Replies: 3
Views: 366

Re: Real-Estate Companies Amass Cheaper—but Riskier—Short-Term Debt: Implications for REIT Index Funds Volatility??

I’d say it’s just noise. Isn’t borrowing commercial paper simply an exercise in projecting cash flows? What difference does it make whether you’re projecting sale of inventory or receipt of rent? REITS have plenty of expenses that could be funded with commercial paper, it would only be worrisome if ...
by gclancer
Fri Jul 05, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring HSABank to Fidelity HSA
Replies: 11
Views: 1712

Re: Transferring HSABank to Fidelity HSA

The $125 HSA contribution from GEHA has to go to HSA Bank, so I automatically transfer the $125 to TD and invest in PCOXX (high yielding money market fund with no transaction fees at TD). Your personal contributions can be made directly to Fidelity. Since I pay medical expenses out of my HSA it will...
by gclancer
Tue Jun 11, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvest & Roth Conversion
Replies: 8
Views: 674

Re: Tax Loss Harvest & Roth Conversion

I'm not sure how Roth conversions would change anything other than increasing your income. +1 the Roth conversion will be taxed at 12% since it’s ordinary income. If you have already tax gain harvested in 2019, then tax losses will be applied against your gains first. If not, you could take losses ...
by gclancer
Wed Jun 05, 2019 6:15 am
Forum: Personal Consumer Issues
Topic: Buying Burial Plot in advance
Replies: 53
Views: 3394

Re: Buying Burial Plot in advance

My guess is that in the future, people will regard burial plots like they regard ice boxes and party lines. I don't think I know anyone of my generation who wants a burial plot, and for sure nobody of my kids’ generation. Maybe I have an odd circle of acquaintances. You don’t have odd acquaintances...
by gclancer
Sun Jun 02, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off debt or create passive income?
Replies: 12
Views: 1158

Re: Pay off debt or create passive income?

You’ve got the perfect set up to add an additional income stream but not knowing anything about being a chiropractor I can’t put my finger on it. I wouldn’t be thinking real estate I’d be thinking a second job. Could you drive to a town an hour away and work there on your off days (for another chiro...
by gclancer
Sat Jun 01, 2019 4:28 pm
Forum: Personal Investments
Topic: Safety of treasury bonds vs treasury money market
Replies: 42
Views: 5270

Re: Safety of treasury bonds vs treasury money market

This point has already been made repeatedly but especially on the short end you should just buy individual treasuries. It’s really not that much of a hassle. I can understand someone not wanting to mess with intermediate/long individual treasuries.
by gclancer
Sat Jun 01, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: SiriusXM Free Trial [on my new car] Ends Today
Replies: 27
Views: 2085

Re: SiriusXM Free Trial Ends Today

What do you get for $99? I got the All Access package for that price which includes streaming from computers and smartphones. If you don’t mind haggling this is the approach I take. I have SiriusXM in my spouses car and then use Bluetooth to stream it through my phone in mine so it ends up being tw...
by gclancer
Sat Jun 01, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Key bank bonus: credit pull? Chex?
Replies: 4
Views: 367

Re: Key bank bonus: credit pull? Chex?

Don’t know how long you’ve been in the game but for a good bonus like the one you’re describing sometimes you have to suck it up and go in to the branch for a face-to-face account opening. “Have you had an account with us in the past?” “I have, I don’t recall how long ago so I’m not sure if I’m in t...
by gclancer
Sat May 18, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Debt: Student loan or cabin
Replies: 36
Views: 3111

Re: Debt: Student loan or cabin

Student loan is the answer. There’s not a single valid argument for paying down the cabin loan instead.
by gclancer
Wed May 15, 2019 4:12 pm
Forum: Investing - Theory, News & General
Topic: 10,000% inflation in USA?
Replies: 19
Views: 1709

Re: 10,000% inflation in USA?

A 30 year fixed rate mortgage (or a few) would be a nice commodity to have. You’d be able to pay off a property you acquired for a quarter of a million dollars for the cost of a nice dinner out. Of course 10,000% inflation doesn’t occur overnight - I imagine those mortgages would be harder to come b...
by gclancer
Sat May 11, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Feedback requested on new article: Payroll tax
Replies: 11
Views: 2941

Re: Feedback requested on new article: Payroll tax

I would expand the paragraph discussing HSA contributions, or (probably better) create an entire new section discussing Section 125 Cafeteria Plans. That section could include discussion of HSA contributions; health/dental/vision insurance premiums; health care FSA and LEXFSA contributions; and depe...
by gclancer
Thu May 09, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Home owners title insurance
Replies: 4
Views: 565

Re: Home owners title insurance

Assuming you’re an all cash buyer, you should still do a formal purchase transaction through a title company to make sure that you’re obtaining free and clear ownership of the property. Once you pay for the title search and the closing fees the owners title insurance isn’t all that much extra (at le...
by gclancer
Sat May 04, 2019 8:37 am
Forum: Personal Investments
Topic: Vanguard target date vs. convoluted portfolio
Replies: 32
Views: 2166

Re: Vanguard target date vs. convoluted portfolio

To play devils advocate there are some useful funds referenced. I would think TIAA Traditional and Real Estate as well as DFA Emerging Markets are worth looking in to. You could hold those in combination with broad indexes and build a nice portfolio in my opinion.
by gclancer
Wed Apr 24, 2019 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Possible Divorce: Pension & Job Options
Replies: 47
Views: 5244

Re: Possible Divorce: Pension & Job Options

greg24 wrote:
Tue Apr 23, 2019 11:23 pm
The best financial move you can make is to fix your marriage.

Side benefit: also the best thing to make your life better.
+1 if “possible divorce” means “possibly remain married” that is the ideal outcome.
by gclancer
Thu Apr 11, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Any benefits to low salary job with high income spouse?
Replies: 32
Views: 7233

Re: Any benefits to low salary job with high income spouse?

Are you able to contribute 100% of the employee contribution? If so, wouldn't it make more sense to do that as a regular 401k rather than a roth so we get more money in there now tax free when we are taxed higher than in retirement? Yes, since your spouse doesn’t have another job, the first $19,000...
by gclancer
Tue Apr 09, 2019 4:59 pm
Forum: Investing - Theory, News & General
Topic: Navy FCU 40 month 3.75% IRA/ESA Cert
Replies: 15
Views: 2129

Re: NFCU 40 month 3.75% IRA/ESA Cert

Probably overkill, but I always put $50 into these certificates just to reserve the right to get 3.75% on a one year CD 28 months for now (just as an example). At maturity I end up just rolling the money into my highest yielding certificate I have, so keeping my options open hasn’t actually paid off...
by gclancer
Tue Apr 09, 2019 11:41 am
Forum: Investing - Theory, News & General
Topic: WealthTrack: Robert Kessler T-Bond specialist
Replies: 5
Views: 2056

Re: WealthTrack: Robert Kessler T-Bond specialist

valleyrock wrote:
Tue Apr 09, 2019 11:35 am
what is the approach Kessler says that big institutions use to do even better than just buying two-year treasuries now in anticipation of lower yields?
Treasury futures. Start with Google and go from there. Maybe someone will share a particularly helpful link if they have one.
by gclancer
Sun Apr 07, 2019 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Any benefits to low salary job with high income spouse?
Replies: 32
Views: 7233

Re: Any benefits to low salary job with high income spouse?

Open a Roth Solo 401(k) for her, contribute all of her net income to it, and you’ll get additional Roth space plus the QBI deduction on the dollars going in to the Roth. If you currently contribute to a Traditional IRA for your spouse that deduction would likely be lost (since she would be covered b...
by gclancer
Fri Apr 05, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Question on Purchase that Fell Thru
Replies: 25
Views: 1976

Re: Real Estate Question on Purchase that Fell Thru

Sounds like the seller never made a written offer for you to accept, nor did they accept your offer(s) in writing. Typically contacts for the purchase/sale of real estate have to be in writing (see https://www.wardandsmith.com/articles/when-correspondence-may-establish-a-binding-contract ). In the f...
by gclancer
Thu Apr 04, 2019 7:00 pm
Forum: Personal Investments
Topic: EE Savings Bonds: I planned to sell, the math says to keep them
Replies: 4
Views: 2472

Re: EE Savings Bonds: I planned to sell, the math says to keep them

The debate on EE bonds around here is whether to buy them in the first place (most would probably say no, but there wouldn’t be universal agreement). There would be universal agreement that once purchased and held for 15 years, one should hold for an additional 5 years to get to 20.
by gclancer
Thu Apr 04, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: Would you buy Total World index if it had Admiral Shares?
Replies: 86
Views: 15508

Re: Would you buy Total World index if it had Admiral Shares

My question for you is: How low would the expense ratio for Total World index fund have to be to get you to buy it? I would be tempted to use Total World if it had an expense ratio of 0.11% - this is the average expense ratio for VTI + VXUS. 2019 Follow up - Have you decided to buy VT at 0.09% or V...
by gclancer
Thu Apr 04, 2019 6:29 pm
Forum: Personal Investments
Topic: Roth Solo 401K due to QBI?
Replies: 21
Views: 1319

Re: Roth Solo 401K due to QBI?

thanks everyone, spirit rider, Regarding “So you now have to factor in whether 22% * 80% = 17.6% makes it better to do pre-tax deferrals or designated Roth contributions.” Do you mean I should compare my current marginal tax rate (17.6%) from my projected marginal tax rate in retirement (12%)? Don'...
by gclancer
Tue Apr 02, 2019 9:43 pm
Forum: Personal Investments
Topic: 5 Year Check-Up: Are we missing anything?
Replies: 12
Views: 2316

Re: 5 Year Check-Up: Are we missing anything?

Would you recommend increasing the bond allocation in our HSA to take advantage of not getting taxed (while maintaining our overall AA), or since the rest of our bonds are in tax advantage accounts it's the essentially the same? Personally I would allocate 100% of the HSA to the treasury fund while...
by gclancer
Tue Apr 02, 2019 3:11 pm
Forum: Personal Investments
Topic: 5 Year Check-Up: Are we missing anything?
Replies: 12
Views: 2316

Re: 5 Year Check-Up: Are we missing anything?

Living in CA, we don't get a tax benefit of investing in our HSA. Seems like it is still worth maxing it because of the federal tax benefit, but am I missing something? If you use a treasury fund in the HSA you won't get taxed at the state level because treasuries aren't state-taxable and won't get...
by gclancer
Sat Mar 30, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a stash of vacation days as unemployment "insurance"
Replies: 70
Views: 5865

Re: Keeping a stash of vacation days as unemployment "insurance"

This isn't like taking no vacation. It's taking fewer vacations at the beginning of your career at the company. Once you're close to maxing out your vacation bank, you'll be taking vacations like the rest of your colleagues. All it takes is 3-4 years. +1 I am about to hit my 4th year with my curren...
by gclancer
Sat Mar 30, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Is it likely I can get a rental house at 22 with low income?
Replies: 8
Views: 653

Re: Is it likely I can get a rental house at 22 with low income?

If I were in your shoes, I’d buy an owner-occupied single family home that needs fixing up. Fix it up and find some other early 20s roommates to live with you. Once the property is in good shape and you’ve got a track record of rent coming in the door do it all over again with a new owner occupied h...