Search found 2436 matches

by niceguy7376
Tue Nov 19, 2019 3:19 pm
Forum: Personal Investments
Topic: HSA - Can I get a better return?
Replies: 9
Views: 412

Re: HSA - Can I get a better return?

We are covered by a high deductible health plan through my wife's employer but they only offer a flex plan, no HSA. The info. online it a little confusing, but it appears we can make a tax deductible deposit of up to $8,000/year, which could be a nice way to shelter income and insure that we can pa...
by niceguy7376
Tue Nov 19, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Unique Situation Double Coverage
Replies: 3
Views: 230

Re: Health Insurance Unique Situation Double Coverage

I have been paying $45 a pay period for 14 pay periods... :annoyed They are now researching to determine if I will be reimbursed. The only reason we even noticed this is we just had a baby so I haven't had a paycheck for them to deduct my health care premium from, so they mailed the invoice out! So...
by niceguy7376
Mon Nov 18, 2019 2:59 pm
Forum: Personal Investments
Topic: Mysolo401k | PreTax situation | HSA etc.
Replies: 5
Views: 246

Re: Mysolo401k | PreTax situation | HSA etc.

Another observation to look at: You are maximizing your SS contributions at W2 job. If you take on more payroll from your Spouse company, you are paying the (Spouse as ) Employer portion of SS that you will not get back. So you are paying 6.4% of salary as a cost to contribute to your own 401k. Your...
by niceguy7376
Sun Nov 17, 2019 10:04 pm
Forum: Personal Investments
Topic: solo 401k to IRA direct rollover; need to report to IRS?
Replies: 10
Views: 458

Re: solo 401k to IRA direct rollover; need to report to IRS?

Welcome to the forum. I will give you a bump to get someone else attention.
From my experience, rollover to trad IRA is not a taxable event.
by niceguy7376
Sun Nov 17, 2019 9:55 am
Forum: Personal Investments
Topic: Obamacare limits investing opportunities?
Replies: 36
Views: 3257

Re: Obamacare limits investing opportunities?

Am I basically "handcuffed" by the health insurance subsidies until we qualify for medicare at 65? This is a personal decision. Do you want to handcuff yourselves to have cheap insurance is something that you could answer. Govt makes laws and we need to work within the framework and utilize all tho...
by niceguy7376
Sat Nov 16, 2019 4:08 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 78
Views: 3938

Re: Tax Deferred : Taxable : Tax Free

Ours is 70: 2.8: 27.2
With HSA added to Tax Free
by niceguy7376
Sat Nov 16, 2019 9:02 am
Forum: Personal Investments
Topic: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?
Replies: 64
Views: 6957

Re: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?

livesoft wrote:
Sat Nov 16, 2019 8:58 am
Over the same time period, has the Vanguard Total US Bond Market Index fund (VBTLX) performed better or worse than VBTLX?
Livesoft, something is wrong in above question. You mentioned the same fund twice
by niceguy7376
Fri Nov 15, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Synchrony Bank (as credit card issuer)?
Replies: 10
Views: 550

Re: Synchrony Bank (as credit card issuer)?

Old Navy/GAP brand CC is offered by Synchrony.
As for Credit Limit, use the card regularly for 2 to 3 months and call back and see if they will increase.

The other two issues are purely SAMS Club related.
by niceguy7376
Wed Nov 13, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Retiring in early 2020, want to stuff preferred tax vehicles?
Replies: 15
Views: 956

Re: Retiring in early 2020, want to stuff preferred tax vehicles?

TresBelle65 wrote:
Wed Nov 13, 2019 5:33 am
Also, to make a Roth and possibly T-IRA contribution for 2020.
How can you make both TIRA and Roth IRA?
by niceguy7376
Tue Nov 12, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: What do I do with S corp money?
Replies: 7
Views: 362

Re: What do I do with S corp money?

From my perspective, if my S Corp makes 25K and the reasonable salary for that experience is 50K, IRS is not going to frown on anything. If S corp makes 250K and you take 25K salary, then that might be an issue. OP, Now that you have made it clear that you needed S corp (than being sole prop) for st...
by niceguy7376
Tue Nov 12, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: ACA Marketplace
Replies: 14
Views: 1789

Re: ACA Marketplace

OP, remember the Garbage In Garbage Out method? Please provide clean and clear background along with your question. What I understood is that this 18 year old is a college student. Is this student a US Citizen? Which state do they study in? Where are the parents located (State within US or different...
by niceguy7376
Mon Nov 11, 2019 3:42 pm
Forum: Personal Investments
Topic: Retirement Planning for Small Business Owners?
Replies: 4
Views: 244

Re: Retirement Planning for Small Business Owners?

Welcome to the forum. How many Owners and Employees? What structure is the company (LLC or S Corp or Sole Prop). When was the business started? If this year, people can suggest what options you have for this year. Before you decide on SIMPLE IRA plan (if just you and your spouse, there are much bett...
by niceguy7376
Mon Nov 11, 2019 12:08 pm
Forum: Personal Investments
Topic: UTMA v. 529 in no-tax state
Replies: 10
Views: 634

Re: UTMA v. 529 in no-tax state

Am I analyzing this UTMA v. 529 situation properly? Assume the following: -We want to superfund a college fund with $100k. -One child, currently 1 year old. No plans for a second child. -We live in Florida, so no tax break for contributing to a 529, just tax-free growth. Having the option of prepai...
by niceguy7376
Mon Nov 11, 2019 9:54 am
Forum: Personal Investments
Topic: May need to move 401k money by end of year, but not eligible for new 401k until February
Replies: 27
Views: 1386

Re: May need to move 401k money by end of year, but not eligible for new 401k until February

All participant accounts must have a $0 balance before terminating a 401k plan. The plan sponsor usually has one year to terminate the plan after the business ceases to exist. This employer has no requirement to terminate the plan prior to the end of the year. Even if the business ceases to exist o...
by niceguy7376
Sat Nov 09, 2019 10:38 pm
Forum: Personal Investments
Topic: May need to move 401k money by end of year, but not eligible for new 401k until February
Replies: 27
Views: 1386

Re: May need to move 401k money by end of year, but not eligible for new 401k until February

lakpr wrote:
Sat Nov 09, 2019 11:19 am
Old employer is closing, along with the 401k. The OP will be likely forced to roll over the 401k money to an IRA before December.
So in general, if the business is shutting down, the accounts should be emptied before the 401k plan is closed?
This is something that i never thought before.
by niceguy7376
Fri Nov 08, 2019 4:59 pm
Forum: Personal Investments
Topic: Am I eligible for a solo 401K?
Replies: 3
Views: 305

Re: Am I eligible for a solo 401K?

What type of business does your current company do and the new company do?
Are both companies owned totally by just you?
by niceguy7376
Fri Nov 08, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Just learned something about HSAs and independent children that I did not know
Replies: 36
Views: 3552

Re: Just learned something about HSAs and independent children that I did not know

markcoop wrote:
Fri Nov 08, 2019 11:14 am
In other words, we both can contribute the max for a family ($7,100). I was told this by people at my work and confirmed this at multiple websites.
If this is true then if there is a financial way, i would recommend that you both max.
by niceguy7376
Fri Nov 08, 2019 10:38 am
Forum: Personal Investments
Topic: SEP-IRA and its relationship to other IRAs
Replies: 11
Views: 453

Re: SEP-IRA and its relationship to other IRAs

SEP IRA is an EmployER contribution plan only. EmployEE cannot contribute to that plan. In SEP IRA, EmployER needs to decide on a % and apply the % too each employee salary and contribute that plan to the Employee accounts. EmployER cannot say 5% to certain employees and 10% to owners and such. So f...
by niceguy7376
Fri Nov 08, 2019 10:34 am
Forum: Personal Investments
Topic: 529 plan with State Tax deduction
Replies: 18
Views: 630

Re: 529 plan with State Tax deduction

3) Penalties if your child ends up not going to college. What are the penalties and do they differ from state to state or is it federal law that dictates? 1. Is state tax benefit during contributions clawed back if we withdraw for non educational expenses ? I know some states claw back if you move ...
by niceguy7376
Fri Nov 08, 2019 9:40 am
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 41
Views: 2398

Re: Question on refilling prescriptions

Pharmacist here. Let's discuss how Rx billing works. If you are billing through a prescription insurance, it is very unlikely that the price will be different from one pharmacy to another. I am surprised that a Pharmacist said this. Since we are on HDHP plan, we only get paper prescriptions from do...
by niceguy7376
Thu Nov 07, 2019 2:29 pm
Forum: Personal Consumer Issues
Topic: Car accident, insurance questions
Replies: 17
Views: 779

Re: Car accident, insurance questions

So I learnt some new things.
The At fault driver is not reachable by their Insurance company and thus the Ins company wont help the OP.

In CA, if incidents like these happen in private land, then it is upto the people involved in the accident to come to a conclusion as to who is at fault.
by niceguy7376
Thu Nov 07, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Job change + high healthcare costs = pay deductible twice?
Replies: 17
Views: 1151

Re: Job change + high healthcare costs = pay deductible twice?

If he is moving from one large health insurer to another - it is pretty standard practice to allow a "deductible carryover" or at least the ability to request one. I have never heard of health insurers saying "ok, you already paid 4k to other insurance. we will cover after you pay the remaining 1K ...
by niceguy7376
Thu Nov 07, 2019 2:04 pm
Forum: Personal Consumer Issues
Topic: Cutting the Cord & Live Television
Replies: 45
Views: 2960

Re: Cutting the Cord & Live Television

Jack FFR1846 wrote:
Thu Nov 07, 2019 1:55 pm
First: Bought an amplified HDTV antenna. $39 for the new antenna. Mounted it outside.
Could you share this outdoor model?
by niceguy7376
Wed Nov 06, 2019 5:46 pm
Forum: Personal Investments
Topic: Extra cost to become an S-corp vs sole proprietorship?
Replies: 7
Views: 509

Re: Extra cost to become an S-corp vs sole proprietorship?

The bottom line in the post TCJA tax environment (until sunset or repeal). If your taxable income is >= the QBI phaseout, an S-Corp is generally counter-productive and should be avoided. If your taxable income is >= the QBI phaseout, an S-Corp is generally beneficial. Spirit RIder, I see both of th...
by niceguy7376
Wed Nov 06, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Amica - Auto Policy, only 6 months
Replies: 37
Views: 2473

Re: Amica - Auto Policy, only 6 months

liberty mutual did one year auto in GA this year
by niceguy7376
Wed Nov 06, 2019 4:42 pm
Forum: Investing - Theory, News & General
Topic: How to draw money from 401k in retirement?
Replies: 9
Views: 1464

Re: How to draw money from 401k in retirement?

The suggested Asset Allocation would be anywhere from 60-40 to 40-60 between Bonds and Stocks. You mentioned that you are 50-50 which is within that band. As for "how to draw money", I will leave it upto folks that are near or already in retirement age to provide suggestions. I need to learn that pa...
by niceguy7376
Wed Nov 06, 2019 12:13 pm
Forum: Personal Consumer Issues
Topic: What car fits comfortably 3 adults with luggages?
Replies: 63
Views: 1866

Re: What car fits comfortably 3 adults with luggages?

I have both been in the role of OP and their guests before. You did not mention which type of sedan. I am going with Toyota / Honda examples If it is corolla/civic level, it wont work. If it is Camry/Accord, two checked in bags should fit (based on current size and length restrictions of checked in ...
by niceguy7376
Wed Nov 06, 2019 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Options For FIRE Newly Diagnosed with Cancer
Replies: 22
Views: 2466

Re: Health Insurance Options For FIRE Newly Diagnosed with Cancer

When someone is applying for health insurance on healthcare.gov website, will there be a question about past cancer identification?
If so, I am curious to see if the premiums change based on the answer to the question.
by niceguy7376
Mon Nov 04, 2019 9:37 am
Forum: Non-US Investing
Topic: 5.1m Windfall - please advice
Replies: 22
Views: 3546

Re: 5.1m Windfall - please advice

We are not US Citizens and a couple of months ago we decided to leave the US for a year or two to care for aging parents. We do not know if or when we will relocate permanently to the US. It depends on how their health evolves. My wife has a work visa for the company she works for in the US, and we...
by niceguy7376
Sun Nov 03, 2019 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Best way for someone in Asia to receive funds?
Replies: 12
Views: 816

Re: Best way for someone in Asia to receive funds?

Seasonal wrote:
Sat Nov 02, 2019 6:01 pm
Was it difficult to set up the accounts with either service?
If you have all the details, it takes couple of minutes online to set them up.
by niceguy7376
Sat Nov 02, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Best way for someone in Asia to receive funds?
Replies: 12
Views: 816

Re: Best way for someone in Asia to receive funds?

Transferwise or Remitly are the two that I used in the last year. In my case, I am sending money to others whose banks are in different countries. I need their bank details (Swift account, bank account etc) to set them up for first time.
by niceguy7376
Fri Nov 01, 2019 3:34 pm
Forum: Personal Investments
Topic: Safe Harbor 401K - Recommendations?
Replies: 9
Views: 708

Re: Safe Harbor 401K - Recommendations?

Are you currently with VG?
Are you getting to your 56K through salary or are there some customization of the 401k plan to achieve that?
by niceguy7376
Thu Oct 31, 2019 4:11 pm
Forum: Personal Investments
Topic: opinion, IA upset moving assets to Vanguard
Replies: 26
Views: 1945

Re: opinion, IA upset moving assets to Vanguard

churchie wrote:
Thu Oct 31, 2019 1:09 pm
The non tax advantaged accounts are with Ameritrade. Approximately 20 different common stocks. I believe a 1098 is for my mortgage interest - can you please clarify so I can answer better. Thank you.
My mistake. A 1099, not a 1098
by niceguy7376
Thu Oct 31, 2019 4:10 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7428

Re: Worried I am getting addicted to individual stocks.

Darth Vanguard wrote:
Thu Oct 31, 2019 12:22 pm
I am currently maxing out my 401k, HSA, and backdooring a non deductible IRA (all accounts are VG funds - mostly indexed with a few active funds). No debt.
I am not answering your main question but would love to get clarified on the above line.

Is a backdoor Roth IRA a "non deductible" IRA?
by niceguy7376
Thu Oct 31, 2019 11:03 am
Forum: Personal Investments
Topic: opinion, IA upset moving assets to Vanguard
Replies: 26
Views: 1945

Re: opinion, IA upset moving assets to Vanguard

If it is tax advantaged account, then there are no worries about capital gains and taxes. Please do convert them to what ever index funds you want to go into. It might be easy if this account is at VG so that you DONT need to pay 45 basis points to IA for having Index funds in the account. As for th...
by niceguy7376
Wed Oct 30, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?
Replies: 52
Views: 4695

Re: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?

I once ate "Healthy Choice" frozen bowls for lunch Mon-Thu for 6 months while I was traveling. I used to go to Costco one evening and stack the fridge in office with 4 bowls (they come in 4 pack ) and eat them till next week. I lost some decent weight too. They were $2.50 per bowl and had 4 differen...
by niceguy7376
Tue Oct 29, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4131

Re: California Fires: Landlord/Tenant Question

LL doesn't provide the power. The utility company does. Utility Co shuts off power: the renter, LL and everyone else in that area is out of luck. In this case the LL isn't out of luck at all. They are still getting uninterrupted rent on the home. What does the lease agreements in that area say abou...
by niceguy7376
Thu Oct 24, 2019 1:12 pm
Forum: Investing - Theory, News & General
Topic: Contributions to IRAs while Loan outstanding to Solo 401k
Replies: 2
Views: 175

Re: Contributions to IRAs while Loan outstanding to Solo 401k

How can you have a SEP IRA for another business of yours while you already have Solo 401k (and took loans from it)?

Where do you have your solo 401k where you have the ability to take loans?

As for contributions to Roth/Trad IRA, it depends on how much income you have.
by niceguy7376
Thu Oct 24, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Putting money into HSA
Replies: 6
Views: 528

Re: Putting money into HSA

You are eligible to have HSA accounts only if you have eligible HDHP health insurance plans.

We cannot just open HSA like an IRA accounts.
by niceguy7376
Wed Oct 23, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Business HSA Health Insurance + Private HSA Investment Account?
Replies: 5
Views: 301

Re: Business HSA Health Insurance + Private HSA Investment Account?

Employees can open HSA where ever they want .
You need to deduct their contributions from payroll (to get the triple benefit of HSA contributions) and employees would love that.
by niceguy7376
Tue Oct 22, 2019 3:26 pm
Forum: Personal Investments
Topic: Help with deciding between Roth 401k vs SEP
Replies: 4
Views: 243

Re: Help with deciding between Roth 401k vs SEP

Question(s): 1.) If my understanding is correct, I may contribute up to $56k total across all IRA/401k account types. Since I am planning to contribute $19k toward the pre-tax 401k, that leaves $37k I can contribute to either the SEP, the Roth 401(k), or some combination of SEP/Roth 401k. Is this c...
by niceguy7376
Tue Oct 22, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11614

Re: Ok to go without health insurance?

Back ground: Physician couple, self employed, family of 4, 2 adults( 46, 43) 2 kids ( 9,15), S corp. Will cost ~16K with family deductible of 12 K to stay in PPO network. Cheapest Option ~ 13K with family deductible of 13.5K for restricted in state network without access to most major teaching hosp...
by niceguy7376
Tue Oct 22, 2019 12:02 pm
Forum: Personal Investments
Topic: When you state your asset allocation are you including everything or just invested assets?
Replies: 25
Views: 1470

Re: When you state your asset allocation are you including everything or just invested assets?

I dont include our day to day checking account.
My Emergency fund is my brokerage account that is invested and thus considered part of my AA.

Different strokes for different people.
by niceguy7376
Sun Oct 20, 2019 7:10 pm
Forum: Personal Consumer Issues
Topic: Any experiences (good/bad) with EasyJet for EU travel?
Replies: 24
Views: 1679

Re: Any experiences (good/bad) with EasyJet for EU travel?

Another thing to consider: If you depart from England less than 24 hours from the time you arrived, then you will be eligible for a refund of the LHR departure tax. This tax is surprisingly hefty. Save your ticket stubs for your return flights to prove this once you get home. You cannot apply for t...
by niceguy7376
Wed Oct 16, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Convincing a small business employer to offer a 401k/Simple IRA
Replies: 9
Views: 700

Re: Convincing a small business employer to offer a 401k/Simple IRA

We have Fido SIMPLE IRA for 14+ years. No fees by employer or employee.
3% employer match is offered.
All funds offered by Fido are available for you to invest and not limited to set of funds.
We still do not have good participation from employees.
by niceguy7376
Wed Oct 16, 2019 10:28 am
Forum: Personal Consumer Issues
Topic: Karaoke machine/system for home use (2019)
Replies: 1
Views: 276

Re: Karaoke machine/system for home use (2019)

I would be interested in the BH opinions as well.
by niceguy7376
Tue Oct 15, 2019 1:50 pm
Forum: Personal Consumer Issues
Topic: I thought Pyrex glass food storage containers were supposed to be durable?
Replies: 35
Views: 3831

Re: I thought Pyrex glass food storage containers were supposed to be durable?

Knock on wood - we didnt have any explosion of pyrex.
We did have one or two that were chipped at top.

Our issue with pyrex is that the soft material lids are no longer available and they only sell plastic ones that are not lasting enough.
by niceguy7376
Sat Oct 12, 2019 1:49 pm
Forum: Personal Consumer Issues
Topic: Hilton location - can only be called from landline?
Replies: 27
Views: 2187

Re: Hilton location - can only be called from landline?

Barefootgirl wrote:
Fri Oct 11, 2019 9:34 am
I am trying to reach a specific Hilton hotel location in another state.
Looks like OP resolved the issue but doesnt want to mention the hotel property that they had the issue with
by niceguy7376
Fri Oct 11, 2019 4:06 pm
Forum: Investing - Theory, News & General
Topic: Rollover IRA and SEP into an individual 401k?
Replies: 5
Views: 247

Re: Rollover IRA and SEP into an individual 401k?

Where did you open your Solo 401k?
by niceguy7376
Fri Oct 11, 2019 1:13 pm
Forum: Personal Consumer Issues
Topic: Hilton location - can only be called from landline?
Replies: 27
Views: 2187

Re: Hilton location - can only be called from landline?

ScubaHogg wrote:
Fri Oct 11, 2019 9:53 am
Mind saying which Hilton? I've never heard of this and want to try calling them myself.
Same here.