Search found 517 matches

by nps
Sun Jun 03, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: Enhanced Uninsured Motorist Coverage offered by SF in MD
Replies: 2
Views: 249

Re: Enhanced Uninsured Motorist Coverage offered by SF in MD

With regular UIM you can only collect up to the limits of your policy inclusive of third party coverage. So if a third-party with $30k liability was at fault and you had $300k UM/UIM coverage, their insurance would pay up to $30k and yours would pay up to an additional $270k. With EUIM your coverage...
by nps
Wed May 23, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken - Do you use it?
Replies: 50
Views: 2618

Re: Quicken - Do you use it?

Question: Can you use an old version without paying Quicken? I use the 2017 version but do not download from the securities prices I use, and will continue to use, Quicken 2012. I manually input all transactions. I do the same - Quicken 2005. It has outlived several operating systems and works fine.
by nps
Sun May 06, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: What is a good flat rate cash back credit card?
Replies: 80
Views: 8506

Re: What is a good flat rate cash back credit card?

One PRO from Quicksilver: You can use virtual numbers when buying things online. They have a browser plug-in called ENO (in a brilliantly creative move, they spelled "ONE" backwards. :| ). When you complete your payment information on a website, you click the app if it doesn't launch on its own, an...
by nps
Sat May 05, 2018 5:21 am
Forum: Investing - Theory, News & General
Topic: Investing is more like poker than chess
Replies: 91
Views: 6545

Re: Investing is more like poker than chess

Investing differs substantially from games in that investing has no rules. It is not possible to calculate odds. And I would argue that our desire to liken it to a model with calculable odds is what produces some of its deeper sources of risk.
by nps
Sun Apr 29, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Salary, take-home, adjusted gross income, and wages
Replies: 12
Views: 2644

Re: Salary, take-home, adjusted gross income, and wages

Your base pay is reduced by more than income tax withholding and payroll taxes. Probably other deductions such as workplace retirement account contributions or health care premiums.
by nps
Sun Apr 29, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Standard deduction on federal return and itemized deduction on state return?
Replies: 12
Views: 1169

Re: Standard deduction on federal return and itemized deduction on state return?

Spoke with my state senator during the legislative session. Virginia law likely will not change for 2018. My estimated savings at the federal level will end up going to the Commonwealth of Virginia as a higher state tax. I think you're right for Virginia. Similarly Maryland already decided not to c...
by nps
Sat Apr 28, 2018 6:47 am
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]
Replies: 128
Views: 14149

Re: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]

Unfortunately, I believe on a go forward basis, the downward inflationary adjustment applies going forward. They effectively slowed down the increase in contributions going forward. Correct. They also slowed the upward adjustment of tax brackets, reducing protection against bracket creep. And unlik...
by nps
Sat Apr 28, 2018 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Standard deduction on federal return and itemized deduction on state return?
Replies: 12
Views: 1169

Re: Standard deduction on federal return and itemized deduction on state return?

I suspect there are many who will be facing unexpectedly higher state tax bills next filing season due to the conformance requirements in place in many states coupled with the much higher number of people who will no longer be taking itemized deductions on their federal return.
by nps
Thu Apr 26, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: "Tax-Adjusted Asset Allocation: Is It Necessary?"
Replies: 51
Views: 2867

Re: "Tax-Adjusted Asset Allocation: Is It Necessary?"

The article seems to confuse marginal and effective tax rates:
The retirement tax rate is most commonly 22%, but this obviously can change with new tax laws).

For example, the tax-adjusted value of a $100,000 401(k) is $78,000 after the government takes its 22% cut on withdrawals.
by nps
Thu Apr 26, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: IRS announces relief for HSA contribution limit error
Replies: 7
Views: 1181

Re: IRS announces relief for HSA contribution limit error

I made a note to deal with this in July. Guess I can throw that away.

Wonder if prepaid property tax relief is on the way as well...
by nps
Thu Apr 19, 2018 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 10516

Re: Got hit with a $2800 Medical bill. Can I negotiate?

This criticism is only valid if he consented to the prices and costs beforehand understood the risk / benefit of each additional test. Given our medical system doesn't work this way and there's basically no chance of understanding those components in advance it is entirely ethical to negotiate afte...
by nps
Thu Apr 12, 2018 5:42 am
Forum: Personal Consumer Issues
Topic: Passport photo DIY - anyone done it easily?
Replies: 92
Views: 7072

Re: Passport photo DIY - anyone done it easily?

GuyInFL wrote:
Wed Apr 11, 2018 10:47 pm
Www.epassportphoto.com
I recently used this to print at Walgreens. Only paid the normal 4x6 price and didn't "pad" with a bunch of regular photos. So maybe Walgreens is still ok. If I recall epassport photo also had a mail to home option for around $1.
by nps
Wed Apr 11, 2018 5:42 am
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 93
Views: 17763

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

However given the current market conditions, I do have real concerns that the market will not continue to perform so well over the next decade. If this is the case, what would be a safer option to reach my goals in the face of a looming market crash and/or decade long downturn and/or excessive infl...
by nps
Sun Mar 18, 2018 6:31 am
Forum: Investing - Help with Personal Investments
Topic: How to Mimic 3-Fund Portfolio in TSP?
Replies: 9
Views: 909

Re: How to Mimic 3-Fund Portfolio in TSP?

Crusader Jim, I would recommend first figuring out your desired asset allocation that takes into account all your investments (not just the TSP). The primary decisions for three fund are the stock/bond ratio and, within stocks, the domestic/international ratio. Within the TSP you will have to alloca...
by nps
Thu Mar 15, 2018 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Can A Traditional IRA Be Deductible If You Have A SEP
Replies: 11
Views: 827

Re: Can A Traditional IRA Be Deductible If You Have A SEP

The IRS website lays it out pretty clearly. Dividends don't affect anything: "You’re covered by an employer retirement plan for a tax year if your employer (or your spouse’s employer) has a: Defined contribution plan (profit-sharing, 401(k), stock bonus and money purchase pension plan) and any contr...
by nps
Wed Mar 14, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: TSP bonds?
Replies: 92
Views: 7124

Re: TSP bonds?

We all know that there is no risk to principal in the G Fund. That is why it is the only fund in the entire TSP system that the government automatically enrolls workers in. Every other move is voluntary on the part of enrollees. This is not accurate, at least not anymore. The government automatical...
by nps
Fri Mar 09, 2018 6:44 am
Forum: Investing - Help with Personal Investments
Topic: Expected return of US vs International, basic question
Replies: 33
Views: 2448

Re: Expected return of US vs International, basic question

I was trying to ask how such statements can be consistent with the efficient market hypothesis. Shouldn't the risk adjusted expected return from both US and international always be equal if there is an efficient market? Realize that you significantly changed your question from what's in your origin...
by nps
Wed Mar 07, 2018 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Strategies for a family with two young children - looking for advice
Replies: 15
Views: 1427

Re: Strategies for a family with two young children - looking for advice

Ok. If you don't have extra money to save yet you won't need to worry as much about what's next. But your basic choices are probably going to come down to investing vs paying down the mortgage.
by nps
Wed Mar 07, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Strategies for a family with two young children - looking for advice
Replies: 15
Views: 1427

Re: Strategies for a family with two young children - looking for advice

I am wondering why you are paying any income taxes at all. Is the OP supposed to take this seriously? 22 percent bracket is at least $77,400 taxable income. Another IRA isn't going to wipe out their tax obligation, neither would switching to a traditional 401k, dependent care FSAs or child tax cred...
by nps
Wed Mar 07, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]
Replies: 128
Views: 14149

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

Fantastic pick-up on the Bogleheads' part. It is true that the maximum has been decreased so there's no point in waiting to adjust your withholding. Agreed, glad to get the heads up. Haven't heard anything from my custodian yet. However, I think it can make sense to wait to adjust withholding. Anyo...
by nps
Wed Mar 07, 2018 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Strategies for a family with two young children - looking for advice
Replies: 15
Views: 1427

Re: Strategies for a family with two young children - looking for advice

After maxing the tax advantaged accounts and funding the child IRAs, how much do have left each month to play with? Are you making extra mortgage principal payments yet, or have you calculated how much you would need to pay extra each month to reach your goal of paying off early?
by nps
Wed Mar 07, 2018 6:30 am
Forum: Investing - Help with Personal Investments
Topic: Should people with HSA pay all medical expenses without it?
Replies: 23
Views: 2460

Re: Should people with HSA pay all medical expenses without it?

So what would happen if it grew into a very large amount, potentially larger than all of your lifelong unreimbursed expenses? Then what would you do? The HSA will grow (hopefully) as your investments increase. Your historical expenses are static in value. Under current law you can make withdrawals ...
by nps
Tue Mar 06, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help with HSA Investments
Replies: 6
Views: 609

Re: Help with HSA Investments

I am thinking of doing the same. Or trying to get a free trade comp'ed once a year.

BTW any reason you chose the State Street fund that tracks SP500 instead of the one that tracks total US market to replace VTI, which is total US market?
by nps
Tue Mar 06, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Should people with HSA pay all medical expenses without it?
Replies: 23
Views: 2460

Re: Should people with HSA pay all medical expenses without it?

Do you max out all your other tax-advantaged space? If not, you can deposit and withdraw actual expenses from the HSA which would allow you to contribute more to those other accounts. Just as a made up example, let's say you can only fund up to $3000 of your current year IRA or Roth IRA, but not all...
by nps
Mon Mar 05, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner HSA investing advice
Replies: 6
Views: 916

Re: Beginner HSA investing advice

(One exception: if you live in AL, CA, or NJ, these states tax HSA investments, so you might hold Treasury bonds in the HSA because they are exempt from state tax.) I do reside in California so HSA stock/etf gains/dividends are taxed as I understand it. However even with the ITOT earnings taxed, it...
by nps
Mon Mar 05, 2018 6:48 am
Forum: Investing - Help with Personal Investments
Topic: What exactly is a “taxable” account
Replies: 10
Views: 1197

Re: What exactly is a “taxable” account

It's any regular account that's not tax advantaged. In other words, not an IRA, Roth IRA, HSA, 529 plan, etc. If you opened any of those type of accounts you wouldn't be taxed on dividends or capital gains if you play by the rules (you would owe ordinary income tax on all distributions from an IRA t...
by nps
Sun Mar 04, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering Taxable Income
Replies: 40
Views: 3068

Re: Lowering Taxable Income

nor our HSA contributions (which I just found out about),[/quite] This was regarding "not able to write off". Why do you think so? HSA contributions get deducted pre-tax. Is there income limit after which that is not true? If you look at the 1040 form, line 25 there is an adjustment for an HSA for ...
by nps
Sat Mar 03, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Using HSA funds while Spouse has MRP
Replies: 1
Views: 157

Re: Using HSA funds while Spouse has MRP

Not for the same expenses (i.e. can't double count), but otherwise sure.
by nps
Fri Mar 02, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: 0% CC as part of EF
Replies: 31
Views: 1918

Re: 0% CC as part of EF

Another issue--credit cards might periodically ask you to verify that you still have the income to support the credit line they originally extended to you, which was predicated on income you were earning at the time you applied. Has this actually happened to anyone here? I heard of HELOCs getting c...
by nps
Fri Mar 02, 2018 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: ETF, Index, or managed mutual funds?
Replies: 3
Views: 324

Re: ETF, Index, or managed mutual funds?

Depending on your broker, buying or selling ETFs can incur trading fees. Automatic reinvesting of dividends into the same fund should not. ETFs are not synonymous with index funds. There are ETFs that are index funds and ETFs that are not. One potentially annoying thing about them compared to mutual...
by nps
Fri Mar 02, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner HSA investing advice
Replies: 6
Views: 916

Re: Beginner HSA investing advice

Your questions have much more to do with general investment concepts than the nuances of HSAs especially if you don't plan to use for medical expenses. Do you have other investments? Q1 is asking about investing a lump sum. Basically, investing now and all at once has a higher expected return. But i...
by nps
Mon Feb 26, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contributions Tax Question (premium pass through)
Replies: 15
Views: 1209

Re: HSA Contributions Tax Question (premium pass through)

That would tend to indicate that you can override Form 8889 Line 9 even if it doesn't match your W-2 Box 12 Code W. Or at least TurboTax does and gets away with it. That is contrary to the instructions for Form 8889. On the Employer Contribution Worksheet from the 2017 Instructions for Form 8889, t...
by nps
Mon Feb 26, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 299
Views: 17786

Re: Defining "House Poor"

outback2015boston wrote:
Sun Feb 25, 2018 6:08 pm
How common is it for a house to go to zero? Even during the Great Recession did any houses go to zero?
It's possible now, with a total loss that is caused by something excluded from the owner's homeowner's policy.
by nps
Mon Feb 26, 2018 6:45 am
Forum: Personal Finance (Not Investing)
Topic: HSA Contributions Tax Question (premium pass through)
Replies: 15
Views: 1209

Re: HSA Contributions Tax Question (premium pass through)

To clarify: do you suggest I include the $1500 on form 8889 line 9 or not? I would assume so if, as you say, it will be included on the 5498. Understand that something will look out of place to you no matter what. Having a mismatch with your W-2 is not the way you want to go and would be misreading...
by nps
Sun Feb 25, 2018 10:19 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 9801

Re: Blasphemy... DO PEEK!

It's worth keeping in mind that for anyone invested in broad market indexes it's been almost ten years since you may have been seriously bothered by peeking at the value of your accumulated shares, if you were even in the market at that time. Hard to know what it feels like unless you're in it, and ...
by nps
Sat Feb 24, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 299
Views: 17786

Re: Defining "House Poor"

mark4269 wrote:
Fri Feb 23, 2018 10:43 pm
Where in the USA does $1,250 cover PITI?
I don't know but over half of Americans live there. Median PITI is less than $1100 according to Census Bureau.
by nps
Sat Feb 24, 2018 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Getting two w2 at same time
Replies: 10
Views: 791

Re: Getting two w2 at same time

Be aware that if you have 1099 income, you would be responsible for SE tax at the rate of 15.3% vs FICA tax of 7.65% for W2 income. True but you don't pay 15.3% on all of your net business income, and you also deduct half of the SE tax on your tax return. Depending on your situation you would also ...
by nps
Thu Feb 22, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Which states are similar to NJ in the sense that they do not allow one to deduct contributions to 403b, 457, TSP, etc?
Replies: 16
Views: 2260

Re: Which states are similar to NJ in the sense that they do not allow one to deduct contributions to 403b, 457, TSP, et

(However, the NJ rules still make Roth TSP better; you won't be taxed on your Roth TSP contributions when you make them, and no state will tax the withdrawals.) Is this really true? Or does NJ tax Roth and Traditional the same? I think the intended statement was probably "you won't be taxed any dif...
by nps
Thu Feb 22, 2018 9:08 pm
Forum: Investing - Theory, News & General
Topic: Terminology question: what does "losing money" mean?
Replies: 71
Views: 3290

Re: Terminology question: what does "losing money" mean?

If I put $10k cash in a safe deposit box and it was still $10k cash when I opened it in ten years I can't see how it could be argued that I lost money. I don't think your example is any different. Losing purchasing power, or losing the potential to have made money off the money, would be a different...
by nps
Thu Feb 22, 2018 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Need $100,000 in 20 years. Help!
Replies: 52
Views: 5991

Re: Need $100,000 in 20 years. Help!

If you continue with your current lifestyle as supported by your $70k salary you won't need to worry about how to come up with $100k. As noted that implies a greater than 50 percent marginal tax rate. The only way to get there is with a very high income. If you don't have a very high income, you li...
by nps
Thu Feb 22, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Need $100,000 in 20 years. Help!
Replies: 52
Views: 5991

Re: Need $100,000 in 20 years. Help!

If you continue with your current lifestyle as supported by your $70k salary you won't need to worry about how to come up with $100k. As noted that implies a greater than 50 percent marginal tax rate. The only way to get there is with a very high income. If you don't have a very high income, you lik...
by nps
Wed Feb 21, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account
Replies: 6
Views: 738

Re: Taxable account

#1 You'll be on the hook for capital gains tax if you had a gain. Details depend on your tax bracket and how long you held the investment. You don't owe tax on your basis (the amount you invested). #2 You will if the stock or fund paid dividends or if the fund incurred capital gains. #3 There is no ...
by nps
Wed Feb 21, 2018 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation
Replies: 12
Views: 1023

Re: Asset Allocation

I think at 10 percent it hardly matters.
by nps
Mon Feb 19, 2018 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Switching from TDAM to VG implications
Replies: 14
Views: 779

Re: Switching from TDAM to VG implications

Finally, note that TDAm has an account closure fee for some clients. I did something similar recently. OP, if you leave your settlement fund in place at TDA (so do a partial transfer to Vanguard of just your stock positions, not a full transfer of your entire account) you won't be charged a fee. Bu...
by nps
Sun Feb 18, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: HSA questions
Replies: 4
Views: 555

Re: HSA questions

She can use her HSA for your expenses if you're her eligible dependent. I guess that’s my question..am I her eligible dependent on our wedding day or on January 1? Once you're married she absolutely can use her HSA for your qualified expenses from that date forward. Until then, you would have to be...
by nps
Sat Feb 17, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: HSA questions
Replies: 4
Views: 555

Re: HSA questions

A few random questions: 1)I’m getting married later this year and am on my fiancé’s HDHP which I’ve been on for a couple of years. We both have our own HSA accounts though now will be transitioning to just having hers. Can she pay for my medical expenses out of her account before we get married? 2)...
by nps
Fri Feb 16, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Just finished reading "Bogleheads Guide To Investing" and ready to start asking 101 level questions :)
Replies: 15
Views: 1550

Re: Just finished reading "Bogleheads Guide To Investing" and ready to start asking 101 level questions :)

To clarify what Duckie means regarding IRA: yes, you should continue to contribute to the 401k and if you have excess funds after your 10% contribution, consider funding an IRA (Traditional or Roth). Welcome to the forum! This is another way to consider prioritizing (from the wiki). Same as your id...
by nps
Wed Feb 14, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Stock Index Fund [better to purchase in bear market?]
Replies: 8
Views: 1520

Re: Vanguard Total Stock Index Fund [better to purchase in bear market?]

Hello Is it better to purchase the Vanguard Total Stock Index Fund in a Bear Market?, considering that prices will be lower and that a rise in the coming Bull Market will give a better yield. (contrarian strategy, learned from The New Buffettology by Mary Buffett). Regards Buffett didn't make his m...