Search found 234 matches

by Ostentatious
Sat Feb 09, 2019 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: starting HDHP and HSA mid-year
Replies: 11
Views: 733

Re: starting HDHP and HSA mid-year

You can’t have both unless it is a special purpose FSA.
by Ostentatious
Sun Jan 20, 2019 12:26 pm
Forum: Personal Investments
Topic: How are we doing?
Replies: 18
Views: 2363

Re: How are we doing?

Is there any reason you’re not investing in tax deferred accounts? I assume you estimate your future taxes will be higher that they are now??

In my opinion as long as you’re maxing our investment all the investment space you can, you’re good.
by Ostentatious
Sat Jan 19, 2019 8:53 am
Forum: Investing - Theory, News & General
Topic: Is Fidelity Zero Fund BETTER than Fidelity Expense Ratio Fund
Replies: 58
Views: 6568

Re: Is Fidelity Zero Fund BETTER than Fidelity Expense Ratio Fund

My question is what would you use in a HSA account? I currently have opened a HSA account with Fidelity but don't know which funds to pick, i am weighing between FZROX and FSKAX. I do want to be able to move it to vanguard if they offer HSA accounts down the road. I personally wouldn't use either i...
by Ostentatious
Thu Jan 17, 2019 12:22 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 49214

Re: John Bogle has died at age 89

RIP, John Bogle! You were a true leader.
by Ostentatious
Mon Jan 14, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with HSA to HSA trustee transfer?
Replies: 41
Views: 1951

Re: Experience with HSA to HSA trustee transfer?

I have just opened a new Fidelity HSA account and also just linked my Fidelity Checking account to my OPTUM HSA account. In the next few days, I will ask for a distribution of the full investment amount into the Fidelity Checking account. When that is completed, I will transfer the full amount from ...
by Ostentatious
Mon Jan 14, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with HSA to HSA trustee transfer?
Replies: 41
Views: 1951

Re: Experience with HSA to HSA trustee transfer?

In my case, yes, it's fees and a $2,000 cash requirement (paying 0.25% interest). My employer HSA charges $2/month plus 5 bp/quarter (20 bp/year). On a $50K HSA that's $124/year plus cash drag. They do not, however, charge for transfers, so I was making roughly quarterly transfers to Lively. Going ...
by Ostentatious
Mon Jan 14, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with HSA to HSA trustee transfer?
Replies: 41
Views: 1951

Re: Experience with HSA to HSA trustee transfer?

In my case, yes, it's fees and a $2,000 cash requirement (paying 0.25% interest). My employer HSA charges $2/month plus 5 bp/quarter (20 bp/year). On a $50K HSA that's $124/year plus cash drag. They do not, however, charge for transfers, so I was making roughly quarterly transfers to Lively. Going ...
by Ostentatious
Mon Jan 14, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with HSA to HSA trustee transfer?
Replies: 41
Views: 1951

Re: Experience with HSA to HSA trustee transfer?

In my case, yes, it's fees and a $2,000 cash requirement (paying 0.25% interest). My employer HSA charges $2/month plus 5 bp/quarter (20 bp/year). On a $50K HSA that's $124/year plus cash drag. They do not, however, charge for transfers, so I was making roughly quarterly transfers to Lively. Going ...
by Ostentatious
Mon Jan 14, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Experience with HSA to HSA trustee transfer?
Replies: 41
Views: 1951

Re: Experience with HSA to HSA trustee transfer?

Forgive me for the sideline ... but I don't quite understand 1. What so bad about your current employer HSA (that you want to do this)? Fees? 2. FWIW, my employer uses Optum HSA. Other folks here also mention Optum and wanted to do transfer. What's bad about Optum? To me it just seems like an okay ...
by Ostentatious
Tue Jan 01, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: 529 yes or no?
Replies: 33
Views: 2359

Re: 529 yes or no?

That is right. But it looks like with the new law you can use the savings for expenses from K to college(not only college expenses). Another advantage.
by Ostentatious
Tue Jan 01, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: 529 prepaid college trust rollover to standard 529
Replies: 2
Views: 147

Re: 529 prepaid college trust rollover to standard 529

You’re right. It is a type of gamble. That is why I opted for the Maryland College Investment Plan. You have more flexibility and you may come up on top if your child attends non Maryland college. Alternatively you can contribute to both plans but I’m not sure how beneficial that would be if your ch...
by Ostentatious
Fri Dec 28, 2018 6:42 pm
Forum: Personal Consumer Issues
Topic: Bathroom Dripping-Potential Leak Question
Replies: 20
Views: 1209

Re: Bathroom Dripping-Potential Leak Question

It may not be a leakage at all. After all if it is water leakage, at some point you’ll see the water damage. I say this because I had a similar problem that turned out to be noise coming from one of the pipes carrying hot water. I do not hear the noise when the shower or pipe in the bathroom is open...
by Ostentatious
Fri Dec 28, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Financial advice to family members
Replies: 37
Views: 3421

Re: Financial advice to family members

Seems like you’d be better off introducing your sister to the basics of personal finance by suggesting reading books like the millionaire next door or complete money maker by Dave Ramsey. Perhaps purchase the books for her and encourage her to read and ask questions. Sometimes, the best way to get t...
by Ostentatious
Fri Dec 21, 2018 7:13 am
Forum: Personal Investments
Topic: Converting IRA to ROTH. How would this affect my taxes?
Replies: 8
Views: 528

Re: Converting IRA to ROTH. How would this affect my taxes?

Although you would have to pay taxes on all the dollars you convert, you don't have to convert the entire IRA. You could convert 50% or 25% of it, or enough to take you to the top of your current tax bracket. I imagine you are noticing the value of the traditional IRA going down, thus making it hav...
by Ostentatious
Fri Dec 21, 2018 4:34 am
Forum: Personal Investments
Topic: Converting IRA to ROTH. How would this affect my taxes?
Replies: 8
Views: 528

Re: Converting IRA to ROTH. How would this affect my taxes?

That is exactly what I dreaded. I was in the 28%rate so I have to figure out how much I can convert without moving into a higher bracket. There is no longer a 28% tax bracket. You are apparently looking at old data since the tax laws changed as of last January. These are the current tax brackets . ...
by Ostentatious
Fri Dec 21, 2018 4:05 am
Forum: Personal Investments
Topic: Converting IRA to ROTH. How would this affect my taxes?
Replies: 8
Views: 528

Re: Converting IRA to ROTH. How would this affect my taxes?

That is exactly what I dreaded. I was in the 28%rate so I have to figure out how much I can convert without moving into a higher bracket.
by Ostentatious
Fri Dec 21, 2018 3:27 am
Forum: Personal Investments
Topic: Converting IRA to ROTH. How would this affect my taxes?
Replies: 8
Views: 528

Converting IRA to ROTH. How would this affect my taxes?

With the market being down, I am thinking about converting an old traditional IRA into a Roth for obvious reasons. However, I am concerned that this would put me in a different/higher tax bracket and therefore negate any gains from the convertion, at least in the immediate. My question is, would I p...
by Ostentatious
Fri Dec 14, 2018 12:11 am
Forum: Personal Consumer Issues
Topic: Wired router vs wifi router with radio turned off.
Replies: 9
Views: 862

Re: Wired router vs wifi router with radio turned off.

I have them both. My router is wired directly to the cable coming in from outside the house( I don’t use any Fios router). The router I use is the ubiquiti Edge X router https://m.newegg.com/products/0XK-000W-00080 I also have a WiFi router upstairs which I use only as an access point. I do not find...
by Ostentatious
Sat Nov 17, 2018 9:32 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 906
Views: 72075

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

To transfer or not to transfer? I have Optum Bank with $3 monthly fee and invest all in the Vanguard S & P 500. Not sure if it worth it to transfer. Transfer fee seems to be just $20. Doesn't Optum charge an asset fee, in addition to the $3/month? No. No other fee beside the monthly investment fee.
by Ostentatious
Sat Nov 17, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 906
Views: 72075

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

To transfer or not to transfer? I have Optum Bank with $3 monthly fee and invest all in the Vanguard S & P 500. Not sure if it worth it to transfer. Transfer fee seems to be just $20.
by Ostentatious
Wed Nov 14, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Questions to late starters
Replies: 8
Views: 976

Re: Questions to late starters

OP. I think you're on the right track. Don't fret. While you may think you started late because you immigrated here, you probably also don't have any student loans and consumer debts that most young people get themselves into before it is too late. You may also have an advantage over many people bor...
by Ostentatious
Tue Nov 06, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: Appealing Insurance Dental Claim Decision
Replies: 10
Views: 881

Re: Appealing Insurance Dental Claim Decision

I have had success talking with the providers themselves. They may not write everything off but they will sometimes give you a significant discount. Also, in terms of the insurance company, you may want to call several times to talk to different people and request to talk with a manager to get some ...
by Ostentatious
Mon Oct 15, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Gift for two of four grandchildren
Replies: 18
Views: 2309

Re: Gift for two of four grandchildren

A 529 isn't a solution. The money is for the kids going to college, not necessarily to be spent on college. My oldest received many scholarships and barely touched the 529, so that gift is invested. My younger child's 529 is probably more than needed already. The second unfunded grandchild has some...
by Ostentatious
Fri Sep 28, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Good Non-Computer Jobs?
Replies: 20
Views: 3946

Re: Good Non-Computer Jobs?

You can work in a job that requires the use of a tablet instead of the old desktop. Many companies don't give provide desktop computers these days. Only laptops and tablets.
by Ostentatious
Thu Sep 20, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Kid's school brought in Wells Fargo to teach them financial literacy today.
Replies: 26
Views: 2091

Re: Kid's school brought in Wells Fargo to teach them financial literacy today.

Mostly, it is the financial institution that will offer the school some incentives to gain access to the kids. The local credit union won't offer any incentives so they have no chance of getting into the schools.
by Ostentatious
Wed Sep 12, 2018 8:09 pm
Forum: Personal Investments
Topic: Can I contribute to HSA this year?
Replies: 9
Views: 889

Re: Can I contribute to HSA this year?

You may also try to convince your wife's employer to cancel her FSA or change it to a limited purpose FSA. Some have had success with that.
by Ostentatious
Sat Jul 07, 2018 2:04 pm
Forum: Personal Investments
Topic: Finding an adviser for lower-income immigrant couple?
Replies: 13
Views: 1184

Re: Finding an adviser for lower-income immigrant couple?

Unless you don’t want to get involved in guiding them, I’d just guide them to open accounts at BG, Fidelity it Schwab and invest in some index funds a little at a time. I don’t think it is worth it to pay an advisor at this point.
by Ostentatious
Sat Jun 09, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?
Replies: 27
Views: 2579

Re: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?

Switched from ATT to the Sprint's $15 per line for 3 lines. I couldn't be happier. A savings of over $80 dollars. I couldn't be happier.
by Ostentatious
Tue Apr 03, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Maryland 529 College Investment Plans
Replies: 28
Views: 3310

Re: Maryland 529 College Investment Plans

This is what you’re looking for. https://maryland529.com/basics-of-529-college-savings-plans/tax-advantages-of-529-plans Maryland 529 Offers Significant Tax Benefits The state of Maryland offers a generous income tax deduction of up to $2,500 per year for Account Holders enrolled in either Maryland ...
by Ostentatious
Thu Mar 22, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 15963

Re: Working till retirement is not a great plan

Any ideas on how to prepare if this happens? Self employment is good but how many of us have the skills to self employ?
by Ostentatious
Sat Feb 17, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 8526

Re: How to get child's skin in the game for college?

Pay for dd and let her graduate without a college loan. Seems like you can afford it. There is no need asking for any skin in the game. Her skin in the game is to get good grades.
by Ostentatious
Sat Feb 10, 2018 12:25 am
Forum: Personal Investments
Topic: From EJ to Vanguard to Schwab
Replies: 21
Views: 2470

Re: From EJ to Vanguard to Schwab

VG screwed me up once on a rollover. If you save with VG, you better know what you are doing.
by Ostentatious
Fri Jan 26, 2018 9:10 am
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 26948

Re: 401k millionaires

One can often roll over IRAs to 401(k). In fact if one wants to do Roth conversions this is recommended. I see too many other confounding variables to consider this stat much more than a curiosity. Can you elaborate on this? Why go from IRA to 401k to Roth, when you can simply go from IRA to Roth?
by Ostentatious
Sun Jan 21, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: Car Stereo Questions
Replies: 25
Views: 2290

Re: Car Stereo Questions

I would recommend the pioneer AVH line of car head units with feature rich options including navigation, Apple CarPlay or Android, waze etc.... . Newegg discounts these units fairly frequently.
by Ostentatious
Mon Jan 15, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: Tahoe/Silverado Hybrids
Replies: 3
Views: 497

Re: Tahoe/Silverado Hybrids

Here’s the reason.
https://www.autotrader.com/car-news/che ... led-207769


Generally people don’t see any financial benefits in getting a hybrid since you pay for it one way or the other.
by Ostentatious
Fri Jan 12, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution Limit
Replies: 6
Views: 747

Re: HSA Contribution Limit

You got it right. The max for family is $6900 including employer match/contribution. So, you have to make sure that all contributions max $6900.
by Ostentatious
Thu Dec 28, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Question about Sunday religious school tuition deduction
Replies: 6
Views: 999

Re: Question about Sunday religious school tuition deduction

Generally, if a charitable organization gives you goods or services in return for a payment, the payment is not deductible. So, I would think neither the tuition nor tutoring fees would qualify as deductible. Why are Temple dues deductible? Aren’t we getting membership and ability to attend religio...
by Ostentatious
Tue Dec 26, 2017 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Landlord vs tenant issue across the country
Replies: 32
Views: 3880

Re: Landlord vs tenant issue across the country

The lease is what should govern your dealings with the landlord. Don't be bothered by his threats unless what he claims is stipulated in the lease or generally accepted in the jurisdiction. Unfortunately, you may have to go to court if he sues or you may have to hire a lawyer to represent you if he ...
by Ostentatious
Mon Dec 25, 2017 3:45 am
Forum: Personal Finance (Not Investing)
Topic: Need to open HSA account and IRA before the end of the year. Possible?
Replies: 23
Views: 1726

Re: Need to open HSA account and IRA before the end of the year. Possible?

Not sure what you mean by "shelter", but you can only have an HSA account if you already have a high-deductible insurance plan. Do you? As for an IRA, you can open/fund the IRA anytime before April 2018, and backdate the funds to the 2017 tax year, so there should not necessarily be a rush. Yes, we...
by Ostentatious
Sun Dec 24, 2017 9:46 pm
Forum: US Chapters
Topic: My Christmas Present to You
Replies: 90
Views: 10284

Re: My Christmas Present to You

Awesome. Thank you and Merry Christmas. Is the "General Taylor" mentioned in the piece you?
by Ostentatious
Thu Dec 21, 2017 9:28 pm
Forum: Investing - Theory, News & General
Topic: Will you take this Fidelity bait ?
Replies: 126
Views: 16065

Re: Will you take this Fidelity bait ?

I would in a heartbeat. Superior customer service, lower cost ETFs, a great cash management system, the best fixed income desk in the industry (my opinion),a 2% cash back credit card,comfortable offices to conduct business in. Nothing against Vanguard, but in my experience they are also-rans. Schwa...
by Ostentatious
Tue Dec 19, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Reposession - worth it?
Replies: 17
Views: 2457

Re: Reposession - worth it?

A classic Dave Ramsey case. Please follow Dave Ramsey's debt snowball and you will be fine in just a couple of years or months. They key is to be very angry at the debt and eliminate it ASAP by giving up a lot of your comforts.
by Ostentatious
Tue Dec 19, 2017 4:54 pm
Forum: Investing - Theory, News & General
Topic: Who missed out on maximizing 401k?
Replies: 62
Views: 6822

Re: Who missed out on maximizing 401k?

I reached the max one paycheck before the last so I left about $164 on the table and my employer said they won't help to fix that "\ :oops:
by Ostentatious
Sun Nov 19, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Invest using my State's college plan or Another?
Replies: 7
Views: 602

Re: Invest using my State's college plan or Another?

One advantage of the MD 529 college plan is that you can deduct up to $10K from your State Tax returns. I think that is significant enough for you to take into consideration. It is basically $2500 per account. So, you and you spouse can open two accounts each for the child ' 'Edited: I also wish to ...
by Ostentatious
Thu Sep 21, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Education Planning Guide
Replies: 0
Views: 291

Personal Capital Education Planning Guide

I just read the Personal Capital Education Planning Guide, which is very informative.

https://www.personalcapital.com/land/education_guide/
by Ostentatious
Sun Aug 13, 2017 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 4912

Re: Health Savings Account

My employers HSA forces you to use it or lose it by the end of the year. Is there an option, outside of employer that offers a HSA account (similar to a 529)? Thanks! Are you sure that is not an FSA - Flexible Spending Account? The laws governing these are federal. Your employer cannot change the r...
by Ostentatious
Sun Aug 13, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Personal Loan?
Replies: 19
Views: 2088

Re: Personal Loan?

Don't go into more debt trying to pay off another debt. Sell his car and take on extra hours on the weekend, if you can to knock off this demon away. With your current salary you could be out of debt shortly. Good luck.