Search found 7907 matches

by tfb
Sun Oct 21, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: “The Worst Kind of Bear Market”
Replies: 23
Views: 4466

Re: “The Worst Kind of Bear Market”

No, TIPS were not available in the United States until 1998 (European countries introduced inflation-linked bonds much earlier), and they are not the ultimate answer to everything, and yes, just as with every other investment the income tax is levied on nominal gains and not real gains and therefor...
by tfb
Fri Oct 19, 2018 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 41
Views: 3329

Re: Inflating AGI to avoid paying back ACA Premium Tax Credit

As it has already been pointed out, the AGI doesn't need to be inflated. You don't have to pay back PTC when your AGI is too low. You still may want to increase AGI but you don't have to. Premium Tax Credits do have to be paid back if income is too low. At least, in the state I reside in, they do. ...
by tfb
Fri Oct 19, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 41
Views: 3329

Re: Inflating AGI to avoid paying back ACA Premium Tax Credit

As it has already been pointed out, the AGI doesn't need to be inflated. You don't have to pay back PTC when your AGI is too low. You still may want to increase AGI but you don't have to.
by tfb
Fri Oct 19, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Co-pay accumulators in new health plans
Replies: 35
Views: 2279

Re: Co-pay accumulators in new health plans

I disagree. The copay assistance programs acted like secondary/supplemental insurance plans, covering the amount the primary insurance wouldn't cover. The position of the primary insurers - wanting to make sure the patient bled their own money and not money from the assistance programs - is untenab...
by tfb
Fri Oct 19, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Co-pay accumulators in new health plans
Replies: 35
Views: 2279

Re: Co-pay accumulators in new health plans

The "copay accumulator" means the insurer pockets the money from the assistance program, but no longer counts it towards your deductible or out-of-pocket-maximum ! Although it adds to your cost, it sounds legit as in how insurance should work. When you have reimbursement from somewhere else, you di...
by tfb
Fri Oct 19, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5064

Re: Spoke with a CFP...underwhelming!

It doesn’t seem like a great analysis. The tax cost of bonds yielding 2% taxed at 40% is 0.8%. The tax cost of stocks with a 7% expected return taxed at 15% is 1.05% Do people really turnover their stocks every year in taxable? It's a spreadsheet. Don't hang up on just one example. You get to use w...
by tfb
Fri Oct 19, 2018 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5064

Re: Spoke with a CFP...underwhelming!

2. Simplicity...we agreed on this mark, but he was even more simple than I imagined. I kept mentioned tax efficiency, such as bonds in a 401k/IRA but this wasn't the same advice. He mentioned having your target AA applied to all accounts. For example let's just say I'm 80/20 AA, he told me to do th...
by tfb
Tue Oct 16, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: Stupid question on treasury direct
Replies: 3
Views: 483

Re: Stupid question on treasury direct

dimbmw wrote:
Tue Oct 16, 2018 2:52 pm
So how do i know that i will end up paying a fair price?
You will get the same price everyone else gets. That's just how the auction is designed. When you buy $1,000 you pay the same price as a bank buying $100 million.
by tfb
Tue Oct 16, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy repayment for s-Corp owner
Replies: 10
Views: 668

Re: ACA subsidy repayment for s-Corp owner

When you say it is assumed where is that ? The W-2 given by my s-Corp to me will only reflect the reduced subsidized premium and that is what I will have to put in the line 29 of the 1040 for the self employed health deduction. You should include the full unsubsidized premium on the W-2. The advanc...
by tfb
Tue Oct 16, 2018 1:27 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy repayment for s-Corp owner
Replies: 10
Views: 668

Re: ACA subsidy repayment for s-Corp owner

If I decide to pay the amount due next year with my tax filing , how do I get a deduction for my premiums ? It's automatic. You don't have to do anything extra. It's assumed you paid the full unsubsidized premiums in 2018 minus any actual subsidy you are eligible for as determined on your 2018 tax ...
by tfb
Mon Oct 15, 2018 12:14 am
Forum: Investing - Theory, News & General
Topic: Treasuries in higher tax state
Replies: 12
Views: 1138

Re: Treasuries in higher tax state

How do i go about purchasing treasuries with my vanguard brokerage account and are there costs that will eat into my returns that i'm not accounting for? You can buy new-issue Treasury bonds in Vanguard brokerage account at no cost. Select Transact, then scroll down to find "Trade bonds or CDs" at ...
by tfb
Sun Oct 14, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Health Insurance Strategy using Mega Back Door Roth IRA
Replies: 4
Views: 619

Re: Early Retirement Health Insurance Strategy using Mega Back Door Roth IRA

By maxing out the Mega Backdoor Roth IRA every year, I will minimize my future MAGI in early retirement, and I will be able to qualify for a large federal subsidy for ACA insurance as long as I keep my MAGI at 138% of FPL income. The Mega Backdoor Roth IRA will enable me to control my early retirem...
by tfb
Sun Oct 14, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Autoupdate google sheets with Tbill price/value
Replies: 6
Views: 506

Re: Autoupdate google sheets with Tbill price/value

folkher0 wrote:
Sun Oct 14, 2018 9:37 am
There is a google sheets function TBILLPRICE, but the calculated values don't seem to agree with my fidelity account.
Does it have to be very precise? I would think a linear progression toward the face value based on the number of days passed would be close enough.
by tfb
Wed Oct 10, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Any Self Employed people near the ACA cliff experiencing this situation?
Replies: 7
Views: 587

Re: Any Self Employed people near the ACA cliff experiencing this situation?

It doesn't appear your software did it correctly (bad user input or bad logic in software). Please use this calculator for how much you can deduct and how much tax credit you can take. If the amount of credit you can take is less the advance credit you received, you are required to pay back the dif...
by tfb
Wed Oct 10, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Any Self Employed people near the ACA cliff experiencing this situation?
Replies: 7
Views: 587

Re: Any Self Employed people near the ACA cliff experiencing this situation?

I am getting some incredible results from my tax software. I wanted to make sure they are correct. I really like what I am seeing: I have ACA bronze plan (cheapest) with $18030 premium. When I enrolled I was able get $18000 Premium Tax credit (based on my guess for expected income). On Form 1040, I...
by tfb
Mon Oct 01, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 70
Views: 6073

Re: Do Bonds Go in Taxable?

So the scenario: In this day and age (2018), MFJ, 24% marginal or up, +/- state tax (don't think it matters), AA 80:20, 20-30 years till retirement, with this breakdown of accounts: - 50% traditional (401k) - 40% Roth IRA - 10% taxable When you have only 10% of the portfolio in taxable, where bonds...
by tfb
Tue Sep 25, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 ACA prices out
Replies: 47
Views: 4812

Re: 2019 ACA prices out

Bru - I have called up a few local health insurance reps. They don't even deal with the short term plans - just covered california which is our ACA . Web searches just return the virtually useless $200/day hospitalization plans for $250/month or so and result in massive amounts of emails/phone call...
by tfb
Tue Sep 25, 2018 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Health care question - self employed- Whats your plan? Advice Needed
Replies: 24
Views: 1972

Re: Health care question - self employed- Whats your plan? Advice Needed

For those who are self employed, I understand health insurance costs are deductable against income. How does that impact qualification for potential ACA subsidies? I'm toying with doing some consulting in early retirement. Current cost for an ACA policy for my wife and i is about $30k per year. If ...
by tfb
Tue Sep 18, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 361
Views: 38508

Re: Northwest FCU 3-year 3.04% Add-On CD

I just logged in with Chrome and both my savings account and the CD disappeared. If it happens to you try a different Browser. Firefox worked for me.
by tfb
Tue Sep 18, 2018 1:02 am
Forum: Personal Finance (Not Investing)
Topic: BofA - Am I Shadow-Loaning to Them?
Replies: 9
Views: 880

Re: BofA - Am I Shadow-Loaning to Them?

Or am I being unfair and paranoid? Yes. B of A uses a bill pay provider between their banking side and their credit card side. The bill pay provider has to get the money from the banking side first and then pay the credit side. If you use B of A bill pay to pay a Chase credit card, the process is t...
by tfb
Tue Sep 18, 2018 12:49 am
Forum: Personal Finance (Not Investing)
Topic: BofA - Am I Shadow-Loaning to Them?
Replies: 9
Views: 880

Re: BofA - Am I Shadow-Loaning to Them?

Or am I being unfair and paranoid? Yes. B of A uses a bill pay provider between their banking side and their credit card side. The bill pay provider has to get the money from the banking side first and then pay the credit side. If you use B of A bill pay to pay a Chase credit card, the process is t...
by tfb
Fri Sep 14, 2018 2:17 am
Forum: Investing - Help with Personal Investments
Topic: Any issues keeping <$1MIL in VMFXX (Money Market Fund)?
Replies: 21
Views: 2998

Re: Any issues keeping <$1MIL in VMFXX (Money Market Fund)?

Going to start my Vanguard journey with $500K-1MIL (3 fund portfolio) - but while I'm waiting to sort out details of allocation I want, etc -- are there any issues or repercussions with keeping that money in VMFXX in the meantime for up to 3 months or so? While everyone else talked about money mark...
by tfb
Wed Sep 12, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: Mega backdoor roth vs Keeping company issued stock
Replies: 9
Views: 593

Re: Mega backdoor roth vs Keeping company issued stock

My understanding is that even if I'd like to keep the company issued stock (and not buy VTSAX or what have you with the money), I should sell the stock as soon as it vests, move it to my 401k -> Roth IRA. You can only contribute from your paychecks. So contribute, move to Roth IRA, buy company stoc...
by tfb
Tue Sep 11, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 6003

Re: Lab test prices - exasperating!

If there is an easy straightforward way to get prices on lab blood tests, could someone please tell me? I recently found some good use of a cost estimator tool provided by my insurance company. I successfully used it for an MRI and found a provider that charged 1/2 of what the doctor's affiliated f...
by tfb
Tue Sep 11, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 361
Views: 38508

Re: Northwest FCU 3-year 3.04% Add-On CD

dollarsaver wrote:
Tue Sep 11, 2018 9:23 am
I would like to wire my funds after maturity to Vanguard. But will NWFCU only wire $10K per day or the whole amount?
No limit for wire and no fee if you are over 62 (otherwise $15).
by tfb
Tue Sep 11, 2018 2:08 am
Forum: Personal Finance (Not Investing)
Topic: Fine tuning income around the ACA cliff
Replies: 24
Views: 2035

Re: Fine tuning income around the ACA cliff

Sounds to me like you are tracking everything. We are both working and self employed so a lot of variable income. I run a spreadsheet with all my estimates at the start of the year and then adjusted as I get real numbers . It's a little easier when you have earned income. Your IRA contributions can...
by tfb
Mon Sep 10, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Can I contribute to HSA this year?
Replies: 9
Views: 836

Re: Can I contribute to HSA this year?

jeff622859 wrote:
Mon Sep 10, 2018 4:26 pm
Can my employer make their contribution in 2018 to the HSA?
Yes, but you will have to withdraw it after Dec. 31 as excess contributions. You are still better off even though the money becomes taxable.
by tfb
Mon Sep 10, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: NASA FCU- 15 month CD 3.25%
Replies: 36
Views: 5303

Re: NASA FCU- 15 month CD 3.25%

MikeG62's comments also are representative of the way I'm thinking about it. A few years ago I probably would have jumped on it, but I'm getting lazier about joining and dealing with multiple credit unions. I agree. The short maturity also makes it not appealing. If I get the extra yield for 5 year...
by tfb
Mon Sep 10, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 361
Views: 38508

Re: Northwest FCU 3-year 3.04% Add-On CD

NWFCU replied saying their push to external account only allows $10,000/day and $30,000/month. I usually prefer push to pull because money pulled in can be subjected to a hold, especially for a large amount. Wire costs $15 unless you are heritage club (over 62). I'm closing my savings account after ...
by tfb
Sun Sep 09, 2018 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: RSU tax payment question - Sell to Cover or Pay Cash
Replies: 3
Views: 430

Re: RSU tax payment question - Sell to Cover or Pay Cash

By default, it's on " Sell to Cover " as RSU vests. So if I vest 10 shares, 4 shares are sold automatically by broker for tax withholding purpose Pay Cash to Cover Taxe s: does this mean i get to keep all my vested shares and pay tax later per usual during April? It doesn't make any difference. If ...
by tfb
Sun Sep 09, 2018 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6315

Re: Paying off mortgage with 87K left on it

because so long as I have this mortgage I would not plan on using any of that EF to invest in the markets in the first place. This constraint is set by yourself. Maybe it should be questioned if you are looking for alternatives. "[T]he markets" don't have to be 100% stocks. Either way would not be ...
by tfb
Sun Sep 09, 2018 7:43 pm
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 361
Views: 38508

Re: Northwest FCU 3-year 3.04% Add-On CD

Time to resurrect this thread as our certificates are coming to mature! Has anyone received maturity notice yet? What's the default? How are you giving your instructions whether to roll or not roll? If not rolling, how are you transferring the money out? Any limit on ACH push from NWFCU to linked ex...
by tfb
Sun Sep 09, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 131
Views: 7791

Re: Should I keep my financial advisor

2. Although I can manage the investments well, I don't know all the intricate details of tax management. For example, stocks are better in taxable account and bonds in tax advantaged. If the amount of money you have in taxable account versus tax advantaged account is more lopsided one way or the ot...
by tfb
Sat Sep 08, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: [Retirement accounts locked by Vanguard, unable to convert Admiral funds to ETF]
Replies: 57
Views: 4280

Re: [Retirement accounts locked by Vanguard, unable to convert Admiral funds to ETF]

oner, when moving assets from brokerage X to brokerage Y, avoid talking to brokerage X at all. Do all your talking to the receiving brokeage, brokerage Y, in your case Fidelity. If brokerage X refuses to release the funds because it has some issues with you ("account locked"), I don't know what bro...
by tfb
Sat Sep 08, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 131
Views: 7791

Re: Should I keep my financial advisor

It is unfortunate that a fee only financial advisor industry has not developed. They do exist, even though they may not count as an "industry" yet. In just one year I identified over 200 Advice-Only advisors in 30 states. I still haven't searched many areas because no one has asked me to search the...
by tfb
Sat Sep 08, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: forum discussion on ACA premium subsidy and filing taxes
Replies: 12
Views: 1172

Re: forum discussion on ACA premium subsidy and filing taxes

Which tax form and which line numbers? I guess I am going blind! I'm sorry I confused you again. My question wasn't rhetorical. From your earlier post in this thread, I already knew you were looking for the exact form and line numbers, which I didn't provide. I suspected there must be something els...
by tfb
Sat Sep 08, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Can you hold treasuries and/or CDs in a 401k account?
Replies: 7
Views: 643

Re: Can you hold treasuries and/or CDs in a 401k account?

Thanks for the replies. Yes, I have a Fido brokerage link account. The Fido website says to refer to the plan documents for a list of allowed/not allowed investments, and the plan documents say to look to the Fido documentation. A circular denial of information. Anyway, I logged in to my Fido accou...
by tfb
Sat Sep 08, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 131
Views: 7791

Re: Should I keep my financial advisor

So good advice from a financial advisor is often worth it. I see this argument a lot. I just want to point out "worth" and what you should pay are only very loosely related. If you don't eat for a month you will die or suffer very badly. What you should pay for a month of food is probably $1,000 max.
by tfb
Sat Sep 08, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: forum discussion on ACA premium subsidy and filing taxes
Replies: 12
Views: 1172

Re: forum discussion on ACA premium subsidy and filing taxes

These two Financebuff articles ( https://thefinancebuff.com/irs-guidance-on-circular-reference-in-obamacare-premium-subsidy-and-deduction.html ) + ( https://thefinancebuff.com/circular-reference-in-self-employed-health-insurance-deduction-under-obamacare-premium-subsidy.html ) discuss it but since ...
by tfb
Thu Sep 06, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Mutual Fund Fee Wars Will Encourage Bad Behavior
Replies: 26
Views: 2655

Re: Mutual Fund Fee Wars Will Encourage Bad Behavior

"Investors are more likely to churn their portfolios as costs drop to nothing" It makes no sense. Supposed ERs are mandated to be 1% among all funds. Churning or not churning doesn't make any difference in your cost. If you are going to churn you just churn from one 1% fund to another 1% fund. Now ...
by tfb
Thu Sep 06, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contributions after spouse joins health plan
Replies: 2
Views: 321

Re: HSA contributions after spouse joins health plan

Hello, For the first 8 months of the year my wife had her own health plan with her own HSA. On Sep 1, she joined my plan. My contribution has already been maxed out at $3,450. She had already contributed $2,195.35 to her HSA. Can we contribute an extra $1,254.65 to my HSA to max out her yearly $3,4...
by tfb
Wed Sep 05, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution While Retired and Spouse Turning 65
Replies: 6
Views: 643

Re: HSA Contribution While Retired and Spouse Turning 65

I “think” the remaining amount I can contribute for 2018 is $5,183 – this accounts for my former employer’s earlier contribution. I arrived at this figure by dividing $7900 by 2 = $3950 (the full amount that both DW and I can each contribute is $329/month). Obviously I can contribute the full $3950...
by tfb
Tue Sep 04, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 37
Views: 2688

Re: Living Revocable Trust - conveyance of assets

Earl Lemongrab wrote:
Sat Jul 14, 2018 1:17 pm
I'm asking what actual trust grantors have done. Not what would be easy to do.
I documented what I actually did in two parts:

https://thefinancebuff.com/will-and-tru ... -plan.html
https://thefinancebuff.com/switching-br ... -edge.html
by tfb
Tue Sep 04, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18533

Re: How to Retire in Your 30's with $1 Million in the Bank

Seems like Justin and his family at root of good does it on 30k or so if I remember correctly. But he has a blog that provides income and a large 7 figure portfolio. Justin publishes his budget including blog income. (The blog doesn't make much). I think the last time I saw it (2016?), he raised hi...
by tfb
Tue Sep 04, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18533

Re: How to Retire in Your 30's with $1 Million in the Bank

But an annualized cash flow of $25k-$30k, at a point when market valuations seem to be relatively high, just seems like a needless risk to me. Here's an open secret among featured FIRE subjects: nobody actually lives on $25k-$30k cash flow or plans to live on it permanently. Many don't take any wit...
by tfb
Mon Sep 03, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: Structuring a solo K
Replies: 8
Views: 904

Re: Structuring a solo K

Thank you for the clarification. Talked to a couple of companies. The first was suggested on bogleheads(discount401k) and the firm stated they would provide plan documents and help with basic questions but would not track contributions or growth. This was much cheaper than the second service that w...
by tfb
Mon Sep 03, 2018 2:16 am
Forum: Investing - Theory, News & General
Topic: Structuring a solo K
Replies: 8
Views: 904

Re: Structuring a solo K

If I design a custom solo K to include husband and wife and set up a trust account with a brokerage firm, what is the best way to set it up Consider hiring an administrator as the prerequisite. The administrator can do the internal accounting when you just have one pooled account for all participan...
by tfb
Sun Sep 02, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Tax confusion: Head of household vs claiming GF as tax dependent
Replies: 10
Views: 1133

Re: Tax confusion: Head of household vs claiming GF as tax dependent

Kevin8696 wrote:
Sun Sep 02, 2018 7:48 pm
Btw, the $4150 personal exemption was eliminated in the 2018 tax reform law.
But it's replaced with a $500 credit.
by tfb
Sun Sep 02, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18533

Re: How to Retire in Your 30's with $1 Million in the Bank

How this article applies to my own situation: My wife quit her job three years ago. I still worked. The income from my job more than covered our expenses. That was the same situation as the lead person in the article. This is not unusual at all. A large percentage of married households have just one...
by tfb
Sun Sep 02, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18533

Re: How to Retire in Your 30's with $1 Million in the Bank

There is little room for error only if you don't have any earned income. Those featured in the article aren't in that situation. There's plenty room for error when one spouse still works and when they have self-employed businesses.