Search found 209 matches

by Joel
Sat Nov 03, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Potential new job. SIMPLE IRA -- lower limit? Any options?
Replies: 7
Views: 354

Re: Potential new job. SIMPLE IRA -- lower limit? Any options?

You should also be aware that some simple IRAs allow you to choose a different custodian. I don’t remember the details, but I remember I was able to help my parents setup their simple Ira contributions to vanguard instead of some American funds Set-up.
by Joel
Thu Oct 04, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Solar Panel Installation?
Replies: 19
Views: 1716

Re: Solar Panel Installation?

California has net metering, but the annual excess payout is pennies on the dollar. So 100% is good, but anything above that’s worthless.
by Joel
Wed Oct 03, 2018 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Solar Panel Installation?
Replies: 19
Views: 1716

Re: Solar Panel Installation?

Another consideration, we may end up getting an electric car in the future (no immediate plans), and at that point the additional usage (an extra 3k+ kWh) could be a sizable enough expansion to the solar array that it could make sense to expand. Idk.
by Joel
Wed Oct 03, 2018 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Solar Panel Installation?
Replies: 19
Views: 1716

Re: Solar Panel Installation?

We currently have an almost 1yo and plan for 1-2 more, so we are definitely likely to see increased usage in the future (how much? I don’t know?) that will be offset some by the savings as a result of the new hvac unit (entirely? I don’t know) I definitely am struggling with how to weight and factor...
by Joel
Wed Oct 03, 2018 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Solar Panel Installation?
Replies: 19
Views: 1716

Solar Panel Installation?

Advice needed. We live in Northern California (greater Sacramento area) with great sun exposure and lots of AC usage. We purchased a new high-end HVAC system in May that did an excellent job this summer. The previous 12 months energy usage was only 5,050kwh for a 2,300 sq. ft. house. With the big HV...
by Joel
Tue Sep 18, 2018 11:09 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1159
Views: 177760

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Far fewer oil dilution complaints filed with Carcomplaints.com on the Civic. Three for 2017 and one for 2018. The problems exists but the CRV engine is the worst. https://www.carcomplaints.com/Honda/Civic/2017/engine https://www.carcomplaints.com/Honda/Civic/2018/engine/ That makes sense, but there...
by Joel
Sun Sep 16, 2018 10:32 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1159
Views: 177760

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

First oil change at 8,500 in my 18 civic hatchback, no major signs of gas dilution. Hopefully the tuning on this car makes the problem not as bad as the CRVs.
by Joel
Wed Jul 18, 2018 11:57 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1159
Views: 177760

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Posting to follow. Owner of a 2018 Civic Hatchback with this turbo engine. Living in the Sacramento area, so primarily dealing with warmer weather. I’ve always changed my own oil, but I think with this car I will be taking it to the dealership to have well documented records until there is resolutio...
by Joel
Thu Apr 05, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Taxability of State Tax Refunds w/ Limit on State Tax Itemized Deductions
Replies: 6
Views: 960

Re: Taxability of State Tax Refunds w/ Limit on State Tax Itemized Deductions

I'll be interested to see the updated worksheet for the 2018 tax year. This is pure speculation, but what makes the most sense to me is that the (partial) reporting of a state income tax refund will be limited to the extent you needed state income tax to hit the $10K SALT limit. All this pertains t...
by Joel
Wed Mar 28, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Taxability of State Tax Refunds w/ Limit on State Tax Itemized Deductions
Replies: 6
Views: 960

Re: Taxability of State Tax Refunds w/ Limit on State Tax Itemized Deductions

In previous years, any tax refund received from your state was taxable if you itemized in the previous year. It is not correct that in the past "any tax refund received" has been taxable if you itemized in the prior year. The IRS has created a worksheet that you can use to figure out what portion, ...
by Joel
Fri Mar 23, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Taxability of State Tax Refunds w/ Limit on State Tax Itemized Deductions
Replies: 6
Views: 960

Taxability of State Tax Refunds w/ Limit on State Tax Itemized Deductions

In previous years, any tax refund received from your state was taxable if you itemized in the previous year. Does anyone know how that will play out with the $10k limit on state and local taxes with tax reform? I'm on the border of being able to itemize, and I expect I will alternate years between i...
by Joel
Mon Mar 19, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]
Replies: 128
Views: 20188

Re: HSA family max contribution lowered to $6850 for 2018

I just want to thank everyone for this discussion. I would have never known had I not seen this here.
by Joel
Fri Apr 21, 2017 6:48 pm
Forum: Personal Consumer Issues
Topic: Best DNA genealogy testing kits
Replies: 133
Views: 25956

Re: Best DNA genealogy testing kits

I did Ancestry.com earlier this year. Other than taking 2 months to receive the results, it was neat. I thought i had a good handle on my ancestry -- 50% British and 50% German. But I was surprised to find out I was 39% Scandinavian, 30% Irish, and about 8% each British and Western European with so...
by Joel
Fri Mar 31, 2017 2:59 pm
Forum: Personal Consumer Issues
Topic: Chase Credit Card Question
Replies: 18
Views: 2428

Re: Chase Credit Card Question

I was able to get a CSR, then CSP, then Freedom Unlimited. For me and my spouse. We already had the Freedom 5%. We will be collecting the bonuses for all six cards and earning 7.5% on the bonus categories, 4.5% on eating out and travel, and 2.25% on everything else for the next year.
by Joel
Fri Mar 31, 2017 3:15 am
Forum: Personal Investments
Topic: Investing 401k contributions and company match differently?
Replies: 10
Views: 1088

Re: Investing 401k contributions and company match differently?

My wife's plan splits out the difference sources in her 401k and has a 5-year vesting schedule. Because the company match and profit sharing sources are not fully vested, that's where we keep our bond allocation. The thought is that if she leaves before vesting fully, we lose the least amount that w...
by Joel
Thu Mar 30, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: reduce workplace tax witholding to afford more retirement contributions
Replies: 10
Views: 941

Re: reduce workplace tax witholding to afford more retirement contributions

Generally, your 401k percentage is taken out before your federal and state withholdings (but after social security and Medicare taxes). So if you set your 401k percentage to 100%, it wouldn't matter what your withholdings were. That might be true for a traditional 401k, because the federal & state ...
by Joel
Thu Mar 30, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: reduce workplace tax witholding to afford more retirement contributions
Replies: 10
Views: 941

Re: reduce workplace tax witholding to afford more retirement contributions

Generally, your 401k percentage is taken out before your federal and state withholdings (but after social security and Medicare taxes). So if you set your 401k percentage to 100%, it wouldn't matter what your withholdings were.
by Joel
Mon Mar 27, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 150
Views: 34241

Re: So someone drained $13k from my checking account...

Wow. The tinhats are heavy in this thread. I just review all my account activity frequently to ensure nothing is wrong. I've had some fraudulent charges on credit cards over the years that always got reversed almost immediately. Always small amounts that I caught by paying attention.
by Joel
Fri Feb 10, 2017 1:44 am
Forum: Investing - Theory, News & General
Topic: Why don't stock prices go up on payday?
Replies: 43
Views: 6734

Re: Why don't stock prices go up on payday?

For what it's worth, my wife and I are both paid on the 15th and last day of the month. HSA contributions are invested monthly around the 3rd. Ive set our Roth IRA contributions to be made around the 6th, 11th, 19th, and 25th so that my purchases are spread evenly throughout the month. This works fo...
by Joel
Fri Feb 03, 2017 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo selling HSA division
Replies: 23
Views: 5046

Re: Wells Fargo selling HSA division

I called Optum. For those that don't know, it is owned by UHC, the largest insurer in the country. They said they had an agreement with Wells Fargo until 2017. In January of 2017, you could move into their normal selection of funds. I didn't ask/they didn't offer as to whether you must. I plan on j...
by Joel
Thu Feb 02, 2017 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo selling HSA division
Replies: 23
Views: 5046

Re: Wells Fargo selling HSA division

Been following this thread since I had my HSA move from WF to Optum last year as well. Update on my particular account: - $2500 min cash balance for no fees - $2000 min investment balance for no fees - Investment choices are still identical to what WF offered previously (as of Feb 2) - agreed Optum...
by Joel
Sun Jan 29, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Claiming Exempt on W4 and filing estimated taxes?
Replies: 6
Views: 2012

Re: Claiming Exempt on W4 and filing estimated taxes?

Claiming exempt is probably extreme, but at what point do people decide it's easier to just pay estimated taxes instead of fiddling with their withholdings? Married 2 isn't nearly enough withheld as a two income household, and it seems like just paying estimated taxes would be a lot easier than mess...
by Joel
Sun Jan 29, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Claiming Exempt on W4 and filing estimated taxes?
Replies: 6
Views: 2012

Claiming Exempt on W4 and filing estimated taxes?

Does anyone claim exempt on their w4 and file quarterly estimated taxes instead? I've been considered reducing my paycheck withholdings and paying quarterly estimated taxes in order to increase spending that is eligible for credit card churning. I have no problem calculating my tax owed, and already...
by Joel
Sat Dec 03, 2016 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo selling HSA division
Replies: 23
Views: 5046

Re: Wells Fargo selling HSA division

We were told optum would take over 1/1.
by Joel
Sun Nov 13, 2016 1:42 pm
Forum: Personal Investments
Topic: Help me stop the 1% management fee insanity
Replies: 17
Views: 2572

Re: Help me stop the 1% management fee insanity

It sounds like you have already incurred losses this year that would offset the potential gains. I would cash out and move to vanguard ASAP.

However, you really need to do some more research and understand some of the tax implications of holding taxable investments.
by Joel
Sat Nov 12, 2016 11:44 pm
Forum: Personal Investments
Topic: 401k- what's your experience with contribution limits?
Replies: 19
Views: 3195

Re: 401k- what's your experience with contribution limits?

Most (all?) cut off at the limit.
by Joel
Thu Nov 03, 2016 1:29 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

My wife has access to a HDHP w/ HSA. For just her, the plan costs $0 and they contribute $600 to the account. For her + me, the plan still costs $0 and they contribute $1,200 to the account. No children. With that said, we want to sign up for her + me through her employer, in order to get the extra...
by Joel
Wed Nov 02, 2016 4:21 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

But, I will say that I did some Googling on this topic and none of the Q&A's I found online addressed this specific scenario in a clear manner. It's possible that it's possible to do what the OP wants to do and not get noticed, and it seems like the OP intends to give it a shot, so hopefully he'll ...
by Joel
Wed Nov 02, 2016 9:00 am
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

[...]Also, while I encourage you to get your HR/Benefits rep's advice, you'll need to use your opinion on whether their opinion is founded on fact or just their opinion, as I've found many of them to be uneducated about more the complicated subjects. +1!! Yup, I'm not going to even bother asking HR...
by Joel
Tue Nov 01, 2016 10:43 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

Sorry that I'm late to the party and sorry for being the bearer of bad news, but I'm fairly certain that the OP is *NOT* allowed to be covered by his own HMO while simultaneously being covered by his spouse's HDHP. Because they do not have children, his spouse is also therefore not eligible for a f...
by Joel
Mon Oct 31, 2016 3:46 pm
Forum: Personal Consumer Issues
Topic: HSBC Bank- Easy (???) $350 bonus
Replies: 51
Views: 16679

Re: HSBC Bank- Easy (???) $350 bonus

I attempted to open accounts on 10/13. I'm starting to get nervous about them being open by 11/15. If they don't get open by that day, I have a feeling I won't get the bonus.
by Joel
Sun Oct 30, 2016 7:37 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

Leemiller wrote:If you can contribute the full family amount of 6,750 my understanding is that you'd still need to subtract any employer contribution. So if your employer contributes 1,000, you can only contribute 5,750.
That is correct.
by Joel
Fri Oct 28, 2016 5:26 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

I went through a similar research exercise last week and ultimately came to the same conclusion - I wish this thread existed at the time because there's a lot of good info here. A couple more things to note: - in addition to deductible, if you have coinsurance your costs may rise closer to the out ...
by Joel
Thu Oct 27, 2016 2:33 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

nolesrule wrote:Not that it effects you as you aren't that old yet, but I think that being on both plans would prevent you from making your own catch-up contribution.
You are probably right about that.
by Joel
Thu Oct 27, 2016 2:24 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

for bulletpoint a) see my revisions below: a) if both go with A's plan, they both can have HSAs with contributions up to the family HSA limit. The contributions can be made 100% to A's HSA or 100% to B's HSA, or any split in between. Typically, the contributions will be made to A's HSA as if done th...
by Joel
Thu Oct 27, 2016 2:11 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

This thread is making my head explode. I'm glad that my workplace health insurance is so bad that the simplicity of all of us being on my wife's employer HDHP plan is a no-brainer. Me too ... until last year that is, when the additional cost that they tacked on for a spouse was more than I could ge...
by Joel
Thu Oct 27, 2016 1:57 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

Regarding the baby, you may really want to compare plans. It may be more affordable to have the baby on the Kaiser plan because I suspect all of those well-baby visits including vaccinations are going to be covered. But you're right regarding individual versus family. It doesn't matter who the seco...
by Joel
Thu Oct 27, 2016 1:54 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

Joel, That's an excellent point in regards to the increased deductible on the family plan if you are planning on having a child this year, which changes everything. If the child is going to be added to her HDHP plan anyways during the year, then there's no need for you to be on there to make it a f...
by Joel
Thu Oct 27, 2016 1:46 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

So it sounds as if the issue has been resolved (I think?). The OP's wife will have a FAMILY HDHP because she is adding him to her plan. Therefore, she will be able to contribute $6,750 to her HSA. The OP will use his employer's plan as his primary plan, and have his wife's plan as his secondary. Sh...
by Joel
Thu Oct 27, 2016 1:32 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

[...] Bottom line, you have hit the jackpot. Are you sure? To me, it appears that OP is paying an additional $125/month in order to shelter $3375 (or whatever the more correct numbers are based on employer's family contribution etc) from taxes. No, the OP's wife will not be subject to the $125/mont...
by Joel
Thu Oct 27, 2016 1:30 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

To further clarify there are actually three issues here. HSA contribution limit: This is based solely on the type of plan. A family HDHP plan, a family HSA contribution limit. HSA covered individual: The plan holder and if a family plan, spouse and dependents. HSA eligible individual: You are an el...
by Joel
Thu Oct 27, 2016 1:27 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

[...] Bottom line, you have hit the jackpot. Are you sure? To me, it appears that OP is paying an additional $125/month in order to shelter $3375 (or whatever the more correct numbers are based on employer's family contribution etc) from taxes. If I do not purchase insurance through my employer, my...
by Joel
Thu Oct 27, 2016 1:08 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

To further clarify there are actually three issues here. HSA contribution limit: This is based solely on the type of plan. A family HDHP plan, a family HSA contribution limit. HSA covered individual: The plan holder and if a family plan, spouse and dependents. HSA eligible individual: You are an el...
by Joel
Thu Oct 27, 2016 1:03 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

From Keybank (HSA issuer): "Am I eligible for an HSA even if I have other insurance that pays medical bills? You are only allowed to have auto, dental, vision, disability and long-term care insurance at the same time as an HDHP . You may also have coverage for a specific disease or illness as long ...
by Joel
Thu Oct 27, 2016 1:02 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

But OP is not making a contribution. His wife is, and she does not have other health coverage. I think technically her $6,750 family coverage limit can be shared between OP and his wife, but I think it's more straightforward if his wife puts the entire contribution in her HSA. Comment #16 on TheFin...
by Joel
Thu Oct 27, 2016 1:00 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

Isn't the only reason she is getting the family HSA is because it costs nothing? Clearly you will be using your HMO because it doesn't have a high deductibles, right? Are you sure she can even enroll in the family HSA?? I haven't found anything to say that I am not allowed to be covered by my HMO a...
by Joel
Thu Oct 27, 2016 12:56 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

Yes - My wife is an eligible individual.
Yes - Her HDHP is for family coverage (both of us)

Therefore, wife can contribute the family coverage limit to her HSA.

It does not appear that I have to be an eligible individual for her to have a family plan entitled her to the family coverage limit.
by Joel
Thu Oct 27, 2016 12:53 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

From Page 3 of Publication 969, "To be an eligible individual and qualify for an HSA, you must meet the following requirements. 1) You must be covered under a high deductible health plan (HDHP), described later, on the first day of the month. 2) You have no other health coverage except what is permi...
by Joel
Thu Oct 27, 2016 12:42 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

Up until this year, we both have very minimal health expenses (hence the preference for HSAs). However, we are planning to start trying for our first child early next year. Which has me wondering if the additional $600 employer contribution is actually worth any increases in the deductibles under he...
by Joel
Thu Oct 27, 2016 12:40 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16636

Re: HSA Family $6,750 limit questions

OP only asked about the contribution limit. The only thing that determines OP's wife's contribution limit is whether or not her HDHP is self-only or family (and her age, if making a catch-up contribution). In this case, it's family coverage so the higher limit applies. Whether or not OP can pay for...