Search found 1074 matches

by zeugmite
Thu Mar 14, 2019 1:05 am
Forum: Personal Investments
Topic: HCE: What to expect when having to pay tax on excess 401k contributions
Replies: 17
Views: 2755

Re: HCE: What to expect when having to pay tax on excess 401k contributions

What about the 10% early withdrawal penalty? Does it apply to these forced distributions?
by zeugmite
Fri Feb 01, 2019 2:43 am
Forum: Personal Finance (Not Investing)
Topic: HSA payroll deduction vs direct contribution
Replies: 10
Views: 1434

Re: HSA payroll deduction vs direct contribution

Contributions by payroll deduction are exempt from FICA taxes. Direct contributions are not. Neither are subject to Federal/State (except AL, CA, and NJ) taxes. The payroll deductions are pre-tax and the direct contributions are deductible. I'm seeing post-tax deductions even for federal in CA. I g...
by zeugmite
Thu Jan 31, 2019 3:34 am
Forum: Personal Finance (Not Investing)
Topic: HSA payroll deduction vs direct contribution
Replies: 10
Views: 1434

Re: HSA payroll deduction vs direct contribution

Contributions by payroll deduction are exempt from FICA taxes. Direct contributions are not. Neither are subject to Federal/State (except AL, CA, and NJ) taxes. The payroll deductions are pre-tax and the direct contributions are deductible. I'm seeing post-tax deductions even for federal in CA. I g...
by zeugmite
Sat Jan 12, 2019 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: high deductible vs. PPO calculation--high deductible always wins?
Replies: 36
Views: 3458

Re: high deductible vs. PPO calculation--high deductible always wins?

One thing to remember -- doctor visits are typically billed at co-pay for PPO plans ($35-$50). HDHP plans bill the insurance cost of a visit (could be $150+, more for specialists). So if you have a number of doctor visits, but without specific 'procedures', the HDHP cost runs up quickly. The way to...
by zeugmite
Fri Jan 11, 2019 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity "FidSafe" Free online storage of documents - is this safe?
Replies: 49
Views: 8923

Re: Fidelity "FidSafe" Free online storage of documents - is this safe?

When I tried FidSafe a year ago or so, it really wasn't very user friendly. I gave up on it.
by zeugmite
Fri Jan 11, 2019 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Cash Management Account - Investments
Replies: 20
Views: 2216

Re: Fidelity Cash Management Account - Investments

CMA accounts can only have core of FDIC with low rates. Brokerage accounts can have core that are (some) Fidelity MM funds. The two types of accounts are almost the same but there are some differences besides allowable core fund. The CMA account also refunds ATM fees without having privileged accoun...
by zeugmite
Fri Jan 11, 2019 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Can't change address on "My Social Security" site
Replies: 6
Views: 743

Can't change address on "My Social Security" site

Probably OT, but here goes...

It says there should be a "My Profile" tab, but when I'm logged in I don't have that. Does anyone else have this problem? How do I change my address otherwise?
by zeugmite
Sun Jan 06, 2019 12:27 am
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 150
Views: 32428

Re: So someone drained $13k from my checking account...

Cash wrote:
Sat Jan 05, 2019 7:30 am
Yeah my bill pay doesn’t use my account number. I have verified this with the images of the canceled checks.
Interesting, I guess one more strike against Ally Bank, which was my point of reference.
by zeugmite
Sat Jan 05, 2019 12:25 am
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 150
Views: 32428

Re: So someone drained $13k from my checking account...

Routing number/account number are not meant to be secret or secure, I don't think. The security is all built into human vigilance and various recovery processes. Unless you can generate virtual account numbers at will like some credit cards let you generate virtual card numbers, it will always be a ...
by zeugmite
Tue Jan 01, 2019 4:53 pm
Forum: Personal Investments
Topic: Can I front-load 401k contributions?
Replies: 22
Views: 2691

Re: Can I front-load 401k contributions?

:sharebeer

For all of the above reasons, lately I've taken the strategy of evenly spreading over the first three quarters of the year. It isn't really to front-load, more to preserve some options. Optionality is worth something.
by zeugmite
Tue Jan 01, 2019 1:33 am
Forum: Personal Investments
Topic: Can I front-load 401k contributions?
Replies: 22
Views: 2691

Re: Can I front-load 401k contributions?

There is actually a novel argument that pre-tax 401(k) should be back -loaded: http://moneymetagame.com/fi/the-case-against-front-loading-your-401k/ The argument is if you will be fully invested with all your money, it's only a question of which account it goes into first, and so within one tax year...
by zeugmite
Mon Dec 31, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Company Paid Relocation Expenses, Can't get full understanding of taxes/benefit value
Replies: 16
Views: 2448

Re: Company Paid Relocation Expenses, Can't get full understanding of taxes/benefit value

I am going through this right now and while it is nice that the company reimburses for all my move expenses, it sucks that they list it as taxable relo on the income side and gross it up wrong. Wrong is a subjective term. They gross it up according to the IRS rules: 25% federal, 3.5% state, 1.9% FI...
by zeugmite
Mon Dec 31, 2018 3:53 am
Forum: Personal Finance (Not Investing)
Topic: Company Paid Relocation Expenses, Can't get full understanding of taxes/benefit value
Replies: 16
Views: 2448

Re: Company Paid Relocation Expenses, Can't get full understanding of taxes/benefit value

1) is definitely straight income. My guess is that most of these are straight W-2 income. You probably can't know how much it will really total until everything is all said and done. Your company may or may not "gross up" your income as they report it to cover approximately the taxes due (flat 25% ...
by zeugmite
Fri Dec 28, 2018 6:54 pm
Forum: Personal Investments
Topic: 60 day indirect rollover - does deadline end on trade date or settlement?
Replies: 10
Views: 813

Re: 60 day indirect rollover - does deadline end on trade date or settlement?

Thanks, Alan, I always appreciate your input. Just a data point that might be helpful. In my case, the documentation was straightforward. I saved a statement showing when the funds hit my account (to document the initial distribution). As for the returning of the funds to complete the rollover, the...
by zeugmite
Fri Dec 28, 2018 3:33 am
Forum: Personal Finance (Not Investing)
Topic: Do you lose the state capital loss carryover if you move?
Replies: 1
Views: 239

Do you lose the state capital loss carryover if you move?

Was reading the various capital loss threads and thought of this -- Say your state allows capital loss carryover, what If you move to a different state and have no more income from your prior state? Do you lose the ability to use the loss since there would be no state income to offset? If so, that s...
by zeugmite
Fri Dec 28, 2018 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Wash Sale Rule Confusion
Replies: 13
Views: 748

Re: Wash Sale Rule Confusion

No. You need to wait 30 days after your last sell of ABC in order to avoid a wash sale. What I'm saying is that if I sold all $100 of my holdings at once I would realize a net gain on the sale even though some shares would be losses (these were reinvested dividends). But I would still run into wash...
by zeugmite
Fri Dec 28, 2018 1:20 am
Forum: Personal Finance (Not Investing)
Topic: Wash Sale Rule Confusion
Replies: 13
Views: 748

Re: Wash Sale Rule Confusion

Also, is there any good guidance on what constitutes "substantially identical" when it comes to mutual funds and ETFs? So many funds are going to hold at least a few overlapping stocks and have a high correlation. Currently considering selling VEIPX at a loss and buying BRK.B and VFIFX within 30 da...
by zeugmite
Thu Dec 27, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Where to hold stock certificate from a private company?
Replies: 2
Views: 257

Where to hold stock certificate from a private company?

Can you deposit it with your broker? Or basically you are on your own in terms of safekeeping? What if you lose it?
by zeugmite
Thu Dec 27, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 1021
Views: 85977

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

As a CA resident, I have just moved the “cash” in my Fidelity HSA from the FDIC insured “core option” to Treasury MM (FDLXX). When I look at the “cash available to trade” it includes all funds in th MM. From this, I assume — but have not tested — that I won’t have to transfer back to the FDIC accou...
by zeugmite
Mon Dec 24, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: MA Short Term Capital Gains Rate (12%) and Stock Options
Replies: 8
Views: 1161

Re: MA Short Term Capital Gains Rate (12%) and Stock Options

I am not an options expert, but I thought the bargain element of options was taxed as ordinary income, which, if true, surely inverts your emotions to jubilation at MA's 5% tax rate vs. your current state's. Thank you for your time. This is the most salient sentence and the one for which I am most ...
by zeugmite
Mon Dec 24, 2018 5:56 pm
Forum: Investing - Theory, News & General
Topic: What’s your TLH Strategy [Tax Loss Harvest]
Replies: 42
Views: 2773

Re: What’s your TLH Strategy

Is it worth "saving" losses when you know you are in a higher tax bracket next year? I suppose if there is a lot of loss to last over many years, there would be little reason to wait, but if it's a smaller amount should it be saved for Jan. 2019?
by zeugmite
Thu Dec 20, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: Lively has caved on HSA fees
Replies: 16
Views: 1360

Re: Lively has caved on HSA fees

I'm not worried about Lively. They are an agile tech-based company started on a low-cost assumption. Maybe they'll survive, maybe not. The big hit will be on all those Utah-based MBA-founded dinosaur providers that charge exorbitant fees to support broken outsourced tech and layers and layers of man...
by zeugmite
Sat Dec 01, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Rollover
Replies: 31
Views: 3321

Re: HSA Rollover

Update on HealthEquity. They've been overcharging fees for months when I've had the minimum balance to waive fees. When I discovered it they only refunded the last month's fee but dragged their feet on prior months, making all sorts of ridiculous excuses. Only when I contacted my state's AG office d...
by zeugmite
Sun Nov 18, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: MM fund interest starts on what date?
Replies: 2
Views: 363

Re: MM fund interest starts on what date?

It turns out it is neither. MM fund settlement is apparently on the same day as the purchase or redemption date (T+0), but interest starts and stops accruing generally with a one business day delay (day after purchase/settlement), and appears consistent with when money changes hands. In other words,...
by zeugmite
Fri Nov 16, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: MM fund interest starts on what date?
Replies: 2
Views: 363

MM fund interest starts on what date?

Not sure if this is answered, but do MM funds start earning interest on the trade date or the settlement date?

Likewise when do they stop earning interest?
by zeugmite
Wed Nov 14, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Multiple HSA rollover(s)
Replies: 6
Views: 845

Re: Multiple HSA rollover(s)

Thanks TFB. Only if convenient, can you site a reference? I answered the same question here: http://thefinancebuff.com/how-to-rollover-an-hsa-on-your-own-and-avoid-trustee-transfer-fee.html#comment-14130 It links to IRC section 223(f)(5). This paragraph from the link was confusing, making it sound ...
by zeugmite
Sun Nov 11, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: Increasing SS PIA by working again
Replies: 30
Views: 2582

Re: Increasing SS PIA by working again

According to our resident expert sscritic in an earlier post: https://www.bogleheads.org/forum/viewtopic.php?p=600554#p600554 ... OK, that's super helpful, I found some more once I knew the keyword was "recomputation". According to this , This automatic annual review usually occurs in the fall, aft...
by zeugmite
Sat Nov 10, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: Increasing SS PIA by working again
Replies: 30
Views: 2582

Re: Increasing SS PIA by working again

When is the PIA adjusted from working? Once a year when W2 records are available I assume, but what month? And if you've applied to start a certain month before they have records for the current year do they recalculate when the payments actually start (numbers on benefits letter do not include curr...
by zeugmite
Sun Nov 04, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 108
Views: 34611

Re: HSAs in California

Why does this have to be so hard. Health care, retirement saving - it's all ridiculous in the US. Agreed. Totally ridiculous. Looks like long-term Treasuries only in HSA is the way to go for CA residents. It's not going to be an account that grows that big to make any difference. Better to keep it ...
by zeugmite
Thu Nov 01, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Rollover
Replies: 31
Views: 3321

Re: HSA Rollover

I used unknown as type. Regarding other comments, agreed that HE makes it hard because they are trying to (at least for me) push to the transfer which is $25 each time. Well planned once a year rollovers are good enough for a BH like me and now I know how, makes it easier. Also they used scare tact...
by zeugmite
Wed Oct 31, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Rollover
Replies: 31
Views: 3321

Re: HSA Rollover

Thrifty Femme wrote:
Wed Oct 31, 2018 9:31 pm
HealthEquity sucks. They deliberately make it hard to leave. It took months to get my damn money out of there :annoyed
Agreed. What was the cause in your case?
by zeugmite
Wed Oct 31, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Rollover
Replies: 31
Views: 3321

Re: HSA Rollover

So this is what happened... HealthEquity gave variable information each and everytime I reached out. Finally, I confirmed the way to do without paying a fee (at least for me) was to take a distribution. There is no option for that so take as reimbursement. It is complicated but I figured out the st...
by zeugmite
Tue Oct 30, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Rollover
Replies: 31
Views: 3321

Re: HSA Rollover

I am here with an update, and it is very annoying on HealthEquity's end :annoyed Despite being on chat with them and processing the request for a distribution (annotated and commented by me for Rollover purposes), they froze the transfer and my account, claiming it was "fraud". No communication wit...
by zeugmite
Sat Oct 20, 2018 1:31 am
Forum: Personal Investments
Topic: anybody sell I Bonds to buy something else?
Replies: 49
Views: 5426

Re: anybody sell I Bonds to buy something else?

Haven't thought this through but there should be a way to quantify the historically bad 0% fixed I-Bonds against alternatives. Like, taking into account tax deferral, what would alternatives have to be for those bonds to still be preferred over their remaining years? Probably only if there were long...
by zeugmite
Sat Oct 13, 2018 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 353
Views: 55041

Re: New HSA provider Lively offers investments for $30/yr fee

Just now created a Lively account. There IS a $25fee for 'early' account closure if closed within 12months listed in the Choice Bank Terms, approx page 15. Just wanted to give all a heads-up. Upon application completion, a popup indicated account setup would take 1-2 days. I did not link existing b...
by zeugmite
Fri Oct 12, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 353
Views: 55041

Re: New HSA provider Lively offers investments for $30/yr fee

Looks like, business model fears aside, Lively is the hands down winner, provided you like the TDA commission-free ETF's. RE: how they make money, I don't know -- how much is the expense of bookkeeping an HSA really? Sometimes tech is just much cheaper.
by zeugmite
Fri Oct 12, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: The Best HSA
Replies: 75
Views: 11697

Re: The Best HSA

So is there a conclusion yet? I mean all HSA's have a fee structure of $X fixed fee + $Y min at R% checking rate + Z% investment account fee and average fund ER. Why is there no list based on the four variables X, Y, R, and Z? You can then impute the fee rate as [$X + $Y * (current MM rate - R%)]/$Q...
by zeugmite
Fri Oct 12, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare [Can I contribute to a Health Savings Account?]
Replies: 29
Views: 2978

Re: Medicare

Not necessarily true. If you enroll in Medicare after age 65 whether because you start receiving Social Security benefits or you enroll voluntarily. You are retroactively enrolled in Medicare by up to 6 months. but not before age 65. This retroactive Medicare enrollment is automatic and can not be ...
by zeugmite
Wed Oct 10, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Any natural hedges to stocks?
Replies: 18
Views: 2158

Re: Any natural hedges to stocks?

Positive yielding hedges? Probably only cash at this point.
by zeugmite
Thu Sep 27, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America Merrill Edge Up to $900 Bonus for Preferred Rewards Clients
Replies: 60
Views: 6788

Re: Bank of America Merrill Edge Up to $900 Bonus for Preferred Rewards Clients

I'm an existing platinum status customer having done a roll over ira 2 years back. Can I do one more roll-over IRA and add additional money to my current one and get the bonus? Yes. Existing accounts are eligible. This is back, by the way. Also, they are not allowing it if you had two existing bonu...
by zeugmite
Tue Sep 25, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: GOVT iShares U.S. Treasury Bond ETF
Replies: 2
Views: 489

Re: GOVT iShares U.S. Treasury Bond ETF

It's more volatile than IEI and yields 1 basis point less, so...
by zeugmite
Tue Sep 25, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: Changing cost basis from Average Cost to Specific ID
Replies: 38
Views: 5997

Re: Changing cost basis from Average Cost to Specific ID

So has there been a consensus? It turns out you have to have (I'm assuming) selected SpecID beforehand for you to be able to sell with SpecID online (no sales at all previously). You cannot choose it at the time of sale if you got defaulted into AvgCost, even for covered shares. There is some proces...
by zeugmite
Wed Sep 19, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1692
Views: 265061

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Today I found out Merrill Edge has a $25k limit on daily withdrawal of settled cash when performed online (okay... have to call), and also a $50k daily limit on transferred in cash being made available (what?). Caveat emptor. Are other brokers equally ridiculous in setting limits? I know I've never...
by zeugmite
Wed Sep 19, 2018 6:34 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1692
Views: 265061

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Today I found out Merrill Edge has a $25k limit on daily withdrawal of settled cash when performed online (okay... have to call), and also a $50k daily limit on transferred in cash being made available (what?). Caveat emptor. Are other brokers equally ridiculous in setting limits? I know I've never ...
by zeugmite
Wed Sep 19, 2018 12:05 am
Forum: Investing - Theory, News & General
Topic: Are TIPS yields good yet?
Replies: 15
Views: 1559

Are TIPS yields good yet?

5 year at 0.93%, up from 0.79% just two weeks ago. Curve very flat (30 year at 1.05%), is 5 year TIPS considered a good buy now by experts here? Also what does that imply about I-bond fixed rate in November?
by zeugmite
Wed Sep 05, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 155
Views: 20712

Re: Fidelity Full View transition to eMoney

Just happened today for me. Seems like manually entered amounts (other assets and debts) are all gone, too? Or are they hiding somewhere. Though I never took this feature seriously, I too am disappointed that there was not an opportunity to save the history or a screenshot of prior manual settings....
by zeugmite
Wed Sep 05, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 155
Views: 20712

Re: Fidelity Full View transition to eMoney

Welcome! I don't have Fidelity, but be careful here. You are moving your life's savings over a disagreement on how they manage their website. Search this forum and you'll find plenty of complaints about Vanguard's website, not to mention poor customer service. You'll find members moving to Fidelity...
by zeugmite
Wed Sep 05, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 155
Views: 20712

Re: Fidelity Full View transition to eMoney

Just happened today for me. Seems like manually entered amounts (other assets and debts) are all gone, too? Or are they hiding somewhere. Though I never took this feature seriously, I too am disappointed that there was not an opportunity to save the history or a screenshot of prior manual settings.
by zeugmite
Sat Aug 18, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1692
Views: 265061

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

So i recently did the reverse (Vanguard MFs from ME to VG), and the fractional MF shares were sold at Merill. Very small amounts, but I'm not sure who was responsible for the sale -- i.e. did VG refuse to accept fractionals so ME sold them, or is it the case that ME is unable to send fractionals. I...
by zeugmite
Fri Aug 17, 2018 8:39 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1692
Views: 265061

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Finally received ME bonuses from last December's offer, just want to report that I had to contact their customer support to get them to pay the full amount because, as I suspected then, the broker assigned to the account is a total liar and probably maliciously handled the account to assign a commis...