Search found 193 matches

by Cruz
Tue Jul 14, 2020 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Help choosing federal health insurance
Replies: 51
Views: 3044

Re: Help choosing federal health insurance

My dentist (who I would like to keep) does not take GEHA insurance (at least not their dental insurance). check to see if geha dental has out-of-network coverage. GEHA dental out-of-network coverage is (0, 20, or 50) % + Amt. Over Plan Allowance. But I'm not sure how this applies, the question woul...
by Cruz
Wed Jul 08, 2020 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Help choosing federal health insurance
Replies: 51
Views: 3044

Re: Help choosing federal health insurance

Sorry, I should have been more clear - therapists can be a crapshoot whether they take insurance or not. I've had PTs and psychotherapists fall into both categories. This would clearly favor a high deductible plan with HSA. I highly disagree. The best plan would be the one with the most generous ou...
by Cruz
Tue Jul 07, 2020 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help choosing federal health insurance
Replies: 51
Views: 3044

Re: Help choosing federal health insurance

OP, you may want to review the following thread, which contains a link to an additional thread with specific calculations, and mentions a number of different considerations: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=292105 Here's another one: https://www.bogleheads.org/forum/viewtopic.ph...
by Cruz
Tue Jul 07, 2020 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Help choosing federal health insurance
Replies: 51
Views: 3044

Re: Help choosing federal health insurance

OP, You need to crunch the numbers on the total outlay for a given year. Read the brochures for the top three plans from Consumer’s Checkbook to see the mental health coverage for psychotherapy. Read the brochure for GEHA Health Savings Advantage. Then compare the annual premiums plus a year’s wort...
by Cruz
Wed Jul 01, 2020 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Help choosing federal health insurance
Replies: 51
Views: 3044

Re: Help choosing federal health insurance

Because of the way the federal government subsidizes plans, the HDHPs are usually the best deals. The government pays 75% of the premium for most plans. For GEHA HDHP, that includes the $900 the plan contributes to your HSA, which costs you only $225 out of pocket. In addition, you get a tax deduct...
by Cruz
Wed Jul 01, 2020 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Help choosing federal health insurance
Replies: 51
Views: 3044

Re: Help choosing federal health insurance

Just switched to GEHA HDHP this year and so far so good. Should have done this years ago. I have never used an HDHP/HSA, intrigued but not sure if it suites my needs or not. I have GEHA HDHP. I would highly recommend it if you have $1,500 in emergency savings in case of.. a medical emergency to pay...
by Cruz
Wed Jul 01, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help choosing federal health insurance
Replies: 51
Views: 3044

Help choosing federal health insurance

I have looked through a few of the other threads related to this topic but did not see a situation similar to mine so I wanted to see if anyone had different/updated thoughts, or advice in factors to look for when choosing a plan. I recently started a federal position in the Boston area, and have a ...
by Cruz
Tue Jun 23, 2020 9:25 pm
Forum: Personal Investments
Topic: Question about what to do with inherited 401k
Replies: 31
Views: 2586

Re: Question about what to do with inherited 401k

Thank you all for the advice and conversation, it has helped me learn alot and I have been taking notes to share with the family. The MFJ compared to Single point is a good one along with using Vanguard PAS, and one I will bring up. I think it will be down to rolling over the 401k to inherited IRA o...
by Cruz
Thu Jun 18, 2020 8:18 am
Forum: Personal Investments
Topic: Question about what to do with inherited 401k
Replies: 31
Views: 2586

Re: Question about what to do with inherited 401k

I should have been more specific. An Inherited 401k can be rolled over to an Inherited IRA at any time. A spouse beneficiary can rollover an Inherited 401k or an Inherited IRA to a personal IRA at any time. That is the reason for my immediate previous reply. Although, they are three (3) sequential ...
by Cruz
Wed Jun 17, 2020 12:10 pm
Forum: Personal Investments
Topic: Question about what to do with inherited 401k
Replies: 31
Views: 2586

Re: Question about what to do with inherited 401k

Sorry I misunderstood. That is useful to hear that the spouse beneficiary would not be under the 10 year rule as an EDB. To summarize the options (please correct): 1. Keep 401k in the company plan as an inherited 401k - would allow the spouse beneficiary to take RMDs at age 75 as opposed to 72 beca...
by Cruz
Wed Jun 17, 2020 10:35 am
Forum: Personal Investments
Topic: Question about what to do with inherited 401k
Replies: 31
Views: 2586

Re: Question about what to do with inherited 401k

No, as I already pointed out. A spouse beneficiary is always an EDB and is never subject to the 10 year rule. The option to retain the 401k as either an inherited 401k or rollover to an inherited IRA to postpone RMDs only makes sense if she has no need for distributions beginning in the year she tu...
by Cruz
Tue Jun 16, 2020 2:52 pm
Forum: Personal Investments
Topic: Question about what to do with inherited 401k
Replies: 31
Views: 2586

Re: Question about what to do with inherited 401k

With the recent SECURE act changes, if the girlfriend's mom does not elect to roll that 401k money into her own IRA (she has that right as a spouse), then she is obligated to empty the entire account within 10 years. Doing nothing, in this case, would actually be harmful as that forces a much large...
by Cruz
Tue Jun 16, 2020 11:16 am
Forum: Personal Investments
Topic: Question about what to do with inherited 401k
Replies: 31
Views: 2586

Re: Question about what to do with inherited 401k

With the recent SECURE act changes, if the girlfriend's mom does not elect to roll that 401k money into her own IRA (she has that right as a spouse), then she is obligated to empty the entire account within 10 years. Doing nothing, in this case, would actually be harmful as that forces a much large...
by Cruz
Tue Jun 16, 2020 5:44 am
Forum: Personal Investments
Topic: Question about what to do with inherited 401k
Replies: 31
Views: 2586

Re: Question about what to do with inherited 401k

I suggest she take her time in this stressful time of her life. These decisions can probably wait for a year or two if she doesn't need to take money from them yet. She will probably want to have the title changed to her own IRA. There are specific steps that must be taken to do this, but a brokera...
by Cruz
Mon Jun 15, 2020 8:01 pm
Forum: Personal Investments
Topic: Question about what to do with inherited 401k
Replies: 31
Views: 2586

Re: Question about what to do with inherited 401k

Are you willing to help run tax scenarios? They may well want to start withdrawals (or conversions to Roth) in order to avoid large RMDs in the future. In general, it is a good idea to leave a windfall as is until a long term plan can be determined. This avoids making mistakes that are hard to unra...
by Cruz
Sun Jun 14, 2020 10:01 pm
Forum: Personal Investments
Topic: Question about what to do with inherited 401k
Replies: 31
Views: 2586

Question about what to do with inherited 401k

My girlfriend's dad recently passed away and his spouse (girlfriend's mom) inherited the 401k, she is > 59.5 and < 70.5. Overall, the spouse feels paralyzed by the entire situation and is nervous about screwing up/losing money in the 401k. I have tried to help out where I can, and have tried to offe...
by Cruz
Tue Jun 02, 2020 8:18 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 329
Views: 24639

Re: Are you still going to the grocery store or using a delivery service? Which?

Fortunately my wife was ahead of the game and stocked up on 2 months+ of everything during the last week of February. We went to the supermarket two weeks ago for some wine but have not been back since. We get a large box of fruit & veggies every week from Misfits Market, as we have been since last...
by Cruz
Tue Mar 24, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4663
Views: 905852

Re: What's Your Credit Card Rewards Strategy?

Question on the BofA Premium Rewards Credit Card, they are currently offering 50,000 bonus points for signing up, which is a $500 value, can this be redeemed for cash back?
by Cruz
Tue Mar 24, 2020 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: What credit card are you using that is not Citi 2% cashback?
Replies: 57
Views: 5982

Re: What credit card are you using that is not Citi 2% cashback?

I'm looking at getting the Wells Fargo Propel card: https://www.wellsfargo.com/credit-cards/propel/ Earn 3x points on: Eating out and ordering in Gas stations, rideshares, and transit Flights, hotels, homestays, and car rentals Popular streaming services I've been debating getting the Wells Fargo P...
by Cruz
Wed Mar 11, 2020 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4663
Views: 905852

Re: What's Your Credit Card Rewards Strategy?

I hate to say it, but this is a math problem for you. They are all good options depending on your needs. If you travel a lot then the CSR is the best option because your points are worth anywhere between 4-4.5 cents per point which could far surpass the WF card or the CSP despite its fee. I think y...
by Cruz
Mon Mar 09, 2020 8:51 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4663
Views: 905852

Re: What's Your Credit Card Rewards Strategy?

Thanks for all the feedback on the Chase UR system. Seems most people have the CSR, which was appealing before they upped the annual fee. Any CSP users out there, is the $95 annual fee worth it for the mileage rewards? One other card I’ve been considering is the Wells Fargo propel, 3x points in the ...
by Cruz
Fri Mar 06, 2020 11:03 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4663
Views: 905852

Re: What's Your Credit Card Rewards Strategy?

Disregarding the sign-up bonuses, it seems the BoA Premium rewards might give the most flexibility (points/miles or cashback) but unless you have $100k in Merril Lynch it isn't the best in terms of rewards at only 2% on dining/travel, there are a number of 3% cards. The $100 credit is appealing if i...
by Cruz
Wed Mar 04, 2020 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4663
Views: 905852

Re: What's Your Credit Card Rewards Strategy?

Looking for travel credit card suggestions. I recently closed my Uber Visa after they changed the rewards structure and also closed my Alaska Air Visa because I no longer flew Alaska Air as frequently - I now have the Amex Blue Cash Preferred for 6% back on groceries and 3% back on gas and two BofA ...
by Cruz
Wed Feb 12, 2020 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Made mistake on 2018 tax return & assessed penalty on amended state tax return...anything I can do to mitigate penalty?
Replies: 18
Views: 1612

Re: Made mistake on 2018 tax return & assessed penalty on amended state tax return...anything I can do to mitigate penal

You cannot file an amended VA tax return without having first filed an original VA tax return. So the return you filed in Nov was an original return not an amended return. It was filed late and the tax was paid late so you were assessed a late filing penalty, probably 30% of the tax. If you had fil...
by Cruz
Tue Feb 11, 2020 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Made mistake on 2018 tax return & assessed penalty on amended state tax return...anything I can do to mitigate penalty?
Replies: 18
Views: 1612

Re: Made mistake on 2018 tax return & assessed penalty on amended state tax return...anything I can do to mitigate penal

I filed an amended state tax return in the late fall to resolve an issue due to confusion over residency requirements (filed in DC when I should have filed in VA), and received an assessment penalty from Virginia due to late payment. I now understand that there is a 6 month filing extension window ...
by Cruz
Tue Feb 11, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Made mistake on 2018 tax return & assessed penalty on amended state tax return...anything I can do to mitigate penalty?
Replies: 18
Views: 1612

Re: Made mistake on 2018 tax return & assessed penalty on amended state tax return...anything I can do to mitigate penal

Upon receiving the notification for assessment, I contacted my accountant and they did send a letter to the VA Tax Office to request the penalty be dismissed but when I spoke to someone at the VA tax office, they said there was no explanation in the letter that it was an amended return. Rather it l...
by Cruz
Tue Feb 11, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Made mistake on 2018 tax return & assessed penalty on amended state tax return...anything I can do to mitigate penalty?
Replies: 18
Views: 1612

Re: Made mistake on 2018 tax return & assessed penalty on amended state tax return...anything I can do to mitigate penal

I now understand that there is a 6 month filing extension window that I should have filed my amended my return in, but was waiting on my accountant and did not realize the filing extension window. What were you waiting on the accountant for? Were they preparing the forms for you? Depending on how i...
by Cruz
Fri Feb 07, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Made mistake on 2018 tax return & assessed penalty on amended state tax return...anything I can do to mitigate penalty?
Replies: 18
Views: 1612

Re: Penalty assessed on amended state tax return...penalized for doing the right thing

You were't "penalized for doing the right thing", you were penalized for "not doing the right thing" in the first place. :D I've made errors in the past, and fixed them when I figured out what was the right thing. Sometimes there have been penalties. I considered it a learning experience. I recentl...
by Cruz
Fri Feb 07, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Made mistake on 2018 tax return & assessed penalty on amended state tax return...anything I can do to mitigate penalty?
Replies: 18
Views: 1612

Made mistake on 2018 tax return & assessed penalty on amended state tax return...anything I can do to mitigate penalty?

I filed an amended state tax return with DC and new return with VA in the late fall to resolve an issue due to confusion over residency requirements (filed in DC when I should have filed in VA), and received an assessment penalty from Virginia due to late payment. I now understand that there is a 6 ...
by Cruz
Mon Feb 03, 2020 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4663
Views: 905852

Re: What's Your Credit Card Rewards Strategy?

Looking for travel/dining credit card recommendations...I have the Alaska Air and Uber Visa credit cards but plan to cancel the Uber Visa due to the rewards changes and switch the Alaska Air card to a BofA Cash rewards card because I don't fly Alaska as often so I don't feel the $75 annual fee is w...
by Cruz
Mon Feb 03, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4663
Views: 905852

Re: What's Your Credit Card Rewards Strategy?

Looking for travel/dining credit card recommendations...I have the Alaska Air and Uber Visa credit cards but plan to cancel the Uber Visa due to the rewards changes and switch the Alaska Air card to a BofA Cash rewards card because I don't fly Alaska as often so I don't feel the $75 annual fee is wo...
by Cruz
Fri Jan 24, 2020 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4663
Views: 905852

Re: What's Your Credit Card Rewards Strategy?

My annual fee for my BofA Alaska Air card is due at the end of the month and I have been thinking about closing the card because I no longer live on the West Coast/Alaska so I don't fly Alaska Air as frequently, still a great airline though. I called BofA asking about switching the card to one with ...
by Cruz
Sat Jan 11, 2020 9:55 pm
Forum: Personal Investments
Topic: New Bond Funds Available in 401k, Make Change from Target Retirement Fund?
Replies: 7
Views: 427

Re: New Bond Funds Available in 401k, Make Change from Target Retirement Fund?

Thank you all! Seems the consensus is to hold bond funds in my 401k now that I have a suitable bond fund, I will likely go with Fidelity US Bond Index Fund (FXNAX) as it has a cheaper ER. Just wish my employer or mandatory advisement service told me about this when the change occurred, not sure what...
by Cruz
Sat Jan 11, 2020 11:12 am
Forum: Personal Investments
Topic: New Bond Funds Available in 401k, Make Change from Target Retirement Fund?
Replies: 7
Views: 427

Re: New Bond Funds Available in 401k, Make Change from Target Retirement Fund?

I see FXNAX, that is what many use. Do you have a Brokeragelink option at Fidelity thru this workplace acct? (sorry if its above and I missed it) if so, its absolutely worth digging into. Dig around on that page, there may be a link to it and you'd need to set it up. That would allow you to pipe al...
by Cruz
Sat Jan 11, 2020 10:59 am
Forum: Personal Investments
Topic: New Bond Funds Available in 401k, Make Change from Target Retirement Fund?
Replies: 7
Views: 427

New Bond Funds Available in 401k, Make Change from Target Retirement Fund?

Age: 29 Debt: None Tax Filing Status: Single Tax rate: federal 22% but was able to lower it to 12% in 2019, state 5.05% (MA) Emergency Fund: 6mo in Capital One My asset allocation is currently 80/20 Current portfolio: Roth IRA: Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX) Vangua...
by Cruz
Sat Jan 04, 2020 3:04 pm
Forum: Investing - Theory, News & General
Topic: Now is a good time to start tracking your net worth.
Replies: 123
Views: 11546

Re: Now is a good time to start tracking your net worth.

watchnerd wrote:
Sat Jan 04, 2020 3:01 pm
Cruz wrote:
Sat Jan 04, 2020 2:57 pm

What source do you use to track the value of your car?
Mint tracks the value of my car automatically --- I get to see how it goes down over time! :x
I've been hesitant to use mint because you have to give access/logins for all your accounts. Do a lot of BHs use it?
by Cruz
Sat Jan 04, 2020 2:57 pm
Forum: Investing - Theory, News & General
Topic: Now is a good time to start tracking your net worth.
Replies: 123
Views: 11546

Re: Now is a good time to start tracking your net worth.

If you are not already tracking your net worth now is a good time to start tracking it. I have a very simple spreadsheet that I update each year on January 1st and I have been doing this for 16 years now. It only takes me about 15 minutes to enter my account balances, any debts, and estimates of th...
by Cruz
Thu Jan 02, 2020 12:36 pm
Forum: Personal Investments
Topic: Help with figuring out steps to tax gain harvest
Replies: 13
Views: 916

Re: Help with figuring out steps to tax gain harvest

Vanguard was not able to specify the individual lots by the time of my purchase on 12/31 so I sold via FIFO temporally, I received a message I could call today and specify which lots to sell. In my Vanguard Total International Stock Fund I have two losses totaling about $800, would it make sense to ...
by Cruz
Mon Dec 30, 2019 9:33 am
Forum: Personal Investments
Topic: Help with figuring out steps to tax gain harvest
Replies: 13
Views: 916

Re: Help with figuring out steps to tax gain harvest

I like to clean up the little transactions, too. So I think what you have discovered for yourself is a good idea. Thanks My understanding of tax-gain harvesting was to increase your cost basis by selling lower-basis shares, but I guess I had that conventional wisdom wrong, seems that keeping the lo...
by Cruz
Mon Dec 30, 2019 9:22 am
Forum: Personal Investments
Topic: Help with figuring out steps to tax gain harvest
Replies: 13
Views: 916

Re: Help with figuring out steps to tax gain harvest

Thank you all for the advice, and links to tax estimators. I played around with a few and all were in a few dollars of each other so I have a good estimate of how much in long-term capital gains I can sell to stay within the 0% bracket. Now onto the selling part, I plan to use Spec ID. I will be sel...
by Cruz
Tue Dec 24, 2019 11:13 am
Forum: Investing - Theory, News & General
Topic: Non-W-2 fellowship income now eligible for IRA contributions
Replies: 9
Views: 686

Non-W-2 fellowship income now eligible for IRA contributions

I know this topic has been brought up before, but starting in 2020, non-W-2 fellowship income is eligible to be contributed to an IRA if you're a grad student or post-doc. The Graduate Student Saving Act had been proposed in 2016, 2017, and 2019 - really happy to see this change finally happen. See ...
by Cruz
Tue Dec 24, 2019 9:18 am
Forum: Personal Investments
Topic: Help with figuring out steps to tax gain harvest
Replies: 13
Views: 916

Re: Help with figuring out steps to tax gain harvest

If you go over the 0% limit, then it will not be the end of the world because you will only pay 15% LTCG on the bit over the limit. I am using tax prep software to run calculations such as yours instead of trying to dice it by hand. I use tax prep software to file anyways, so it is no additional co...
by Cruz
Sun Dec 22, 2019 10:49 am
Forum: Personal Investments
Topic: Help with figuring out steps to tax gain harvest
Replies: 13
Views: 916

Re: Help with figuring out steps to tax gain harvest

If you go over the 0% limit, then it will not be the end of the world because you will only pay 15% LTCG on the bit over the limit. I am using tax prep software to run calculations such as yours instead of trying to dice it by hand. I use tax prep software to file anyways, so it is no additional co...
by Cruz
Sat Dec 21, 2019 10:07 pm
Forum: Personal Investments
Topic: Help with figuring out steps to tax gain harvest
Replies: 13
Views: 916

Help with figuring out steps to tax gain harvest

Age: 29 Debt: None Tax Filing Status: Single Tax rate: 12% State: MA (5.05%) I am in a position this year where I will fall into the 0% capital gains tax bracket and would like to tax gain harvest some of my taxable account for a potential downpayment in a few years (and to up my basis). I am hoping...
by Cruz
Sun Dec 15, 2019 10:16 pm
Forum: Personal Investments
Topic: How Much to Withdraw From Taxable??
Replies: 14
Views: 2193

Re: How Much to Withdraw From Taxable??

I would disagree on having it in savings for anything 3-5 years, that’s a long time. 2 years is still a pretty conservative timeframe to move from investments to savings. Also note that long term capital gains will Add to your income so you would ideally bring your income + Long term Capital Gains ...
by Cruz
Sun Dec 15, 2019 10:14 pm
Forum: Personal Investments
Topic: How Much to Withdraw From Taxable??
Replies: 14
Views: 2193

Re: How Much to Withdraw From Taxable??

You should be turning over your taxable assets as much as you can while staying in 0% capital gains bracket, selling and buying something very similar (hypothetically selling and buying similar funds) therefore you have a higher cost basis someday if you aren’t in the 0% capital gains bracket why i...
by Cruz
Sat Dec 14, 2019 5:10 pm
Forum: Personal Investments
Topic: How Much to Withdraw From Taxable??
Replies: 14
Views: 2193

Re: How Much to Withdraw From Taxable??

You should be turning over your taxable assets as much as you can while staying in 0% capital gains bracket, selling and buying something very similar (hypothetically selling and buying similar funds) therefore you have a higher cost basis someday if you aren’t in the 0% capital gains bracket why i...
by Cruz
Sat Dec 14, 2019 4:31 pm
Forum: Personal Investments
Topic: How Much to Withdraw From Taxable??
Replies: 14
Views: 2193

Re: How Much to Withdraw From Taxable??

You should be turning over your taxable assets as much as you can while staying in 0% capital gains bracket, selling and buying something very similar (hypothetically selling and buying similar funds) therefore you have a higher cost basis someday if you aren’t in the 0% capital gains bracket why i...
by Cruz
Sat Dec 14, 2019 3:45 pm
Forum: Personal Investments
Topic: How Much to Withdraw From Taxable??
Replies: 14
Views: 2193

Re: How Much to Withdraw From Taxable??

Depends on the anticipated down payment and how much you're saving each year. For example, if you plan for a $50k down payment and you're saving $50k/year, I'd say not to realize any capital gains and plan on using your annual savings in the year leading up to buying the house for the down payment....
by Cruz
Wed Dec 11, 2019 9:43 pm
Forum: Personal Investments
Topic: How Much to Withdraw From Taxable??
Replies: 14
Views: 2193

Re: How Much to Withdraw From Taxable??

Money needed within 5 years should be saved, not invested, so converting money from stocks to cds/mm is a wise move. If you can afford to lose some of the money, you could consider having 30 to 50 percent in stocks. Doughroller has some suggestions for st investments here: https://www.doughroller.n...