Search found 254 matches

by Ostentatious
Sun May 31, 2020 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Airline Voucher about to Expire: Options?
Replies: 15
Views: 1157

Re: Airline Voucher about to Expire: Options?

Call the airline to see what options you have. You may also be able to sell it on eBay at a discount.
by Ostentatious
Thu Apr 23, 2020 10:11 pm
Forum: Personal Investments
Topic: Any high earners doing Roth conversion in 2020?
Replies: 32
Views: 2792

Re: Any high earners doing Roth conversion in 2020?

High earner = 35-37% tax bracket Combined with our lower income, and not certain of the future, maybe this is the best time to do it. https://www.morningstar.com/articles/972813/roth-conversions-can-be-even-more-compelling-in-this-market “ And, if the funds must be depleted over time for cash flow ...
by Ostentatious
Mon Apr 20, 2020 9:23 pm
Forum: Personal Investments
Topic: Disappointed with Vanguard service. Better options?
Replies: 66
Views: 5641

Re: Disappointed with Vanguard service. Better options?

Glad to know that I am not alone in my opinion about Vanguard customer service. To say that they don't have good customer service is an understatement. They can easily mess you up at great cost. They are simply incompetent. I have accounts at Vanguard, Fidelity and Schwab. Schwab is by far the best ...
by Ostentatious
Tue Apr 14, 2020 10:33 pm
Forum: Personal Investments
Topic: Investing early in the year
Replies: 6
Views: 510

Re: Investing early in the year

Investing early in the year had worked most of the time so I won't beat myself up for this. If you change your plan and do DCA or decide to invest later in the year, I am sure a time will come when you will equally question the rationale of not investing early. Let it go and move on to the next inve...
by Ostentatious
Thu Mar 12, 2020 5:07 pm
Forum: Personal Consumer Issues
Topic: Flying to UK in a few hours
Replies: 4
Views: 598

Re: Flying to UK in a few hours

I would let them go but let them be extra cautious.
by Ostentatious
Sat Feb 29, 2020 7:03 pm
Forum: Personal Investments
Topic: I bet the house. [Rebalanced portfolio to a 10/90 asset allocation]
Replies: 255
Views: 10089

Re: I bet the house.

Interesting. That is the right opposite of what I am doing now. I have already done some Roth conversions with more underway if the market falls a lot more. I had not contributed our Roth for this year yet so I took the opportunity to do that even though I have not bought any equities yet. I have al...
by Ostentatious
Mon Jan 13, 2020 7:49 pm
Forum: Personal Investments
Topic: Going Solo
Replies: 6
Views: 1192

Re: Going Solo

Bump for the more knowledgeable ones to chime in. Good job for going solo!!
by Ostentatious
Mon Dec 23, 2019 8:13 am
Forum: Personal Investments
Topic: IRA convertion and Tax bracket concerns
Replies: 6
Views: 461

Re: IRA convertion and Tax bracket concerns

Thanks! No where near 67😁. Thanks for the heads up though.
by Ostentatious
Mon Dec 23, 2019 12:51 am
Forum: Personal Investments
Topic: IRA convertion and Tax bracket concerns
Replies: 6
Views: 461

Re: IRA convertion and Tax bracket concerns

Thanks!
Yes, I was looking for a general idea of what to expert in terms of higher taxes by moving from 22 to 24 and it looks like it will be small enough to manage it so I will proceed with my plan of converting. $20K. Thanks!
by Ostentatious
Mon Dec 23, 2019 12:07 am
Forum: Personal Investments
Topic: IRA convertion and Tax bracket concerns
Replies: 6
Views: 461

IRA convertion and Tax bracket concerns

I have an IRA that I started converting (into Roth) 10K annually starting from last year. I want to convert double that amount before the end of year but I am concerned that it would put me in a higher bracket. I am currently in the marginal 22% bracket. Am I justified in thinking that I should conv...
by Ostentatious
Wed Dec 18, 2019 5:22 am
Forum: Personal Investments
Topic: Quickest way to pay off catastrophic credit card debt?
Replies: 43
Views: 2956

Re: Quickest way to pay off catastrophic credit card debt?

It’s probably been mentioned already but if I were you, I would negotiate the debt to a lower amount first before paying it off.
by Ostentatious
Sat Nov 30, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contribution and maximization question
Replies: 7
Views: 553

Re: HSA contribution and maximization question

1. Correct.
2. Since only one of you is covered under HDHP, you can only contribute the individual max. You can however, use the funds from your contributions to cover you spouse’s medical expenses. That is my understanding. I hope others can chime in if I am wrong.
by Ostentatious
Sat Nov 16, 2019 8:37 pm
Forum: Personal Investments
Topic: Investment Ideas
Replies: 89
Views: 6867

Re: Investment Ideas

Very bad idea to cash out refinance to invest in the stock market or in a 401K without any guaranteed returns. The stock market could crash on Monday and the money would be wiped out like that. That is partially why it is important to also have some good equity in your house and not put everything i...
by Ostentatious
Sun Jul 07, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial for future son-in-law - RESOLVED
Replies: 46
Views: 2979

Re: Prenuptial for future son-in-law

They would be medical doctors in the future. From what you say about their character, I think they would be able to take care of the $300K debt in a very short time, if they follow sound financial behavior. I wouldn't meddle in their affair after marriage in the future. It is up to you to decide whe...
by Ostentatious
Sat May 04, 2019 4:23 am
Forum: Personal Investments
Topic: Optum HSA investing: paying too much, or worth the convenience?
Replies: 7
Views: 1207

Re: Optum HSA investing: paying too much, or worth the convenience?

I do have Optum HSA and recently did a rollover to Fidelity. I will be doing this annually as I no longer have an investment account with Optum.
by Ostentatious
Sun Apr 21, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: When to get attorney after car accident?
Replies: 27
Views: 3630

Re: When to get attorney after car accident?

With the symptoms you’re having, you should take several weeks off to heal from the accident. You’re not doing yourself any good by pretending to be doing okay.
by Ostentatious
Mon Apr 01, 2019 9:54 am
Forum: Personal Consumer Issues
Topic: Should I shut off water in a vacant home in winter?
Replies: 22
Views: 12014

Re: Should I shut off water in a vacant home in winter?

Do you still shut off water supply if you have a fire sprinkler system in the house ?
by Ostentatious
Sun Mar 31, 2019 10:25 pm
Forum: Personal Consumer Issues
Topic: Shut off water before a vacation
Replies: 78
Views: 6892

Re: Shut off water before a vacation

if you have a fire sprinkler system installed in your house, should you be turning off the water supply? I suppose that would not be a good idea.
by Ostentatious
Thu Feb 28, 2019 6:29 am
Forum: Personal Consumer Issues
Topic: Car Navigation System Update
Replies: 36
Views: 2537

Re: Car Navigation System Update

Car navigation isn’t a waste. It usually gives you a bigger screen than the portable ones would give you. Just don’t update the maps but rather use CarPlay and android play on your phone connected to the navigation, assuming you have the right cables to take advantage of the relatively big navigatio...
by Ostentatious
Mon Feb 25, 2019 9:57 pm
Forum: Personal Investments
Topic: Property Rental Advice
Replies: 2
Views: 431

Re: Property Rental Advice

Check out biggerpockets.com
by Ostentatious
Sat Feb 09, 2019 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: starting HDHP and HSA mid-year
Replies: 11
Views: 930

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: 2509

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: 11575

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: 60272

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: 3249

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: 3249

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: 3249

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: 3249

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: 3249

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: 2713

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: 225

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: 1487

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: 3665

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: 603

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: 603

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: 603

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: 603

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: 983

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: [Fidelity Health Savings Account Mega-Thread]
Replies: 1065
Views: 118498

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: [Fidelity Health Savings Account Mega-Thread]
Replies: 1065
Views: 118498

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: 1039

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: 1017

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: 2434

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: 4812

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: 2271

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: 1009

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: 1261

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: 2865

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: 37
Views: 5871

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 ...