Search found 5274 matches

by FIREchief
Tue Sep 22, 2020 1:26 am
Forum: Personal Finance (Not Investing)
Topic: HDHP versus PPO
Replies: 43
Views: 2346

Re: HDHP versus PPO

Fyi, a PPO plan can also be an HDHP plan. I am on one now. Not through the Exchange however. Yes. I don't understand the thread title. It's generally HDHP vs. any plan that doesn't meet the HDHP requirements for an HSA. It's also HMO vs. PPO. There are HDHP HMOs and HDHP PPOs and also HMOs and PPOs...
by FIREchief
Mon Sep 21, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a physician's bill
Replies: 82
Views: 5439

Re: Challenging a physician's bill

I'm appalled at a few things, including the fact that any PCP charges $525 for an eight-minute "physical"! The money my PCP receives for my 8 minute physical also pays her for 12 months of coverage for phone calls, portal messaging, prescription refills, test result interpretation/feedback, office/...
by FIREchief
Mon Sep 21, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a physician's bill
Replies: 82
Views: 5439

Re: Challenging a physician's bill

What does it mean for a provider to tell you that they "accept your insurance?" It may mean nothing more than that they will see you on the hopes of ultimately being paid by someone. When is comes to private insurance, in close to 100% of the cases the terms "in network," "out of network" and "cover...
by FIREchief
Mon Sep 21, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Home Listing Mess-Up
Replies: 36
Views: 3858

Re: Home Listing Mess-Up

Coltrane75 wrote: Mon Sep 21, 2020 9:27 am I choice my current one because he was from Redfin with a lower commission.
Is this one of those deals where you take your own photos?
by FIREchief
Mon Sep 21, 2020 1:15 pm
Forum: Investing - Theory, News & General
Topic: Doesn't it still make sense to hold bonds in tax advantaged?
Replies: 37
Views: 2728

Re: Doesn't it still make sense to hold bonds in tax advantaged?

I have seen some comments on the forum that this perhaps is no longer the case due to extremely low interest rates and yields on stocks being more than bonds. Please clarify what you mean by "tax advantaged." Both traditional and Roth IRAs are considered tax advantaged, and the answers might be ver...
by FIREchief
Sat Sep 19, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Trust discretionary distributions: couple questions
Replies: 4
Views: 345

Re: Trust discretionary distributions: couple questions

Are there successor beneficiaries that might reasonably be expected to challenge the trustee's actions?
by FIREchief
Fri Sep 18, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Medical Report (MIB): Should I Apply for a New Policy and Risk Blacklisting?
Replies: 12
Views: 795

Re: Insurance Medical Report (MBB): Should I Apply for a New Policy and Risk Blacklisting?

In my experience, insurance companies don’t do the real deep dive until a claim is made.
by FIREchief
Fri Sep 18, 2020 6:03 pm
Forum: Personal Consumer Issues
Topic: Anybody else enjoy sitting around and doing little in retirement?
Replies: 106
Views: 14603

Re: Anybody else enjoy sitting around and doing little in retirement?

I thought people love to retire to Florida. Yes, so did I. Hence, here I am. I think a major part of it is geography. I've met very few westerners who retire here. Cheap, close to relatives, already used to humid summers, and no snow. I can see the appeal to folks who've lived their lives east of t...
by FIREchief
Fri Sep 18, 2020 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2672

Re: Estate considerations with sibling living in home owned by parent

bluebolt wrote: Fri Sep 18, 2020 4:47 pm Parent's will does not specifically call out the property, but divides all assets equally among all siblings.
Who does the will nominate to serve as executor?
by FIREchief
Fri Sep 18, 2020 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2672

Re: Estate considerations with sibling living in home owned by parent

Unless spelled out in the will or other legal documents, one cannot assume anything about dividing a house among the siblings, the estate making mortgage payments, etc. Wouldn't an executor typically be responsible for continuing the mortgage payments (whether specifically required by the will or n...
by FIREchief
Fri Sep 18, 2020 12:36 pm
Forum: Investing - Theory, News & General
Topic: what percent of retirement should be invested in tax deferred vs tax free accounts?
Replies: 39
Views: 3222

Re: what percent of retirement should be invested in tax deferred vs tax free accounts?

It is impossible to determine optimal because of the three great unknowns: a) you don't know what the market is going to do b) you don't know what Washington is going to do c) you don't know how long you are going to live That said, I'll agree with another poster that making Roth contributions while...
by FIREchief
Fri Sep 18, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Failure to go through probate
Replies: 3
Views: 811

Re: Failure to go through probate

House was jointly owned, but some assets was listed only in his name. Were these individually owned assets significant? Were they the types of assets formally titled in his name (e.g. financial accounts, vehicles, etc.) or un-titled personal property (e.g. collectibles)? Has she checked to see if T...
by FIREchief
Thu Sep 17, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Reimbursing mileage for HSA
Replies: 26
Views: 1432

Re: Reimbursing mileage for HSA

I realize that an employer policy from several years ago could differ from IRS regulations. After doing some more searching, my understanding is that publication 463 provides guidance for both business and personal mileage deductions without differentiating a less onerous process for personal tax r...
by FIREchief
Thu Sep 17, 2020 3:24 pm
Forum: Investing - Theory, News & General
Topic: TIPS Funds vs Direct Purchase from Treasury Direct
Replies: 25
Views: 1874

Re: TIPS Funds vs Direct Purchase from Treasury Direct

If the Fed switched to a 4% target, and decided to suppress yields till they reached it, you would be very happy to have TIPS! :sharebeer Since they haven't been able to hit even 2%..... Yep! That's the thing about unexpected inflation. It's unexpected!! :sharebeer Hey, I'll share a beer any time, ...
by FIREchief
Thu Sep 17, 2020 2:17 pm
Forum: Investing - Theory, News & General
Topic: TIPS Funds vs Direct Purchase from Treasury Direct
Replies: 25
Views: 1874

Re: TIPS Funds vs Direct Purchase from Treasury Direct

gmaynardkrebs wrote: Thu Sep 17, 2020 2:07 pm
FIREchief wrote: Thu Sep 17, 2020 1:48 pm
Robot Monster wrote: Thu Sep 17, 2020 1:13 pm If the Fed switched to a 4% target, and decided to suppress yields till they reached it, you would be very happy to have TIPS!
:sharebeer
Since they haven't been able to hit even 2%.....
Yep! That's the thing about unexpected inflation. It's unexpected!! :sharebeer
by FIREchief
Thu Sep 17, 2020 1:48 pm
Forum: Investing - Theory, News & General
Topic: TIPS Funds vs Direct Purchase from Treasury Direct
Replies: 25
Views: 1874

Re: TIPS Funds vs Direct Purchase from Treasury Direct

Robot Monster wrote: Thu Sep 17, 2020 1:13 pm If the Fed switched to a 4% target, and decided to suppress yields till they reached it, you would be very happy to have TIPS!
:sharebeer
by FIREchief
Thu Sep 17, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Misspelled Trust Name in IRS Form
Replies: 19
Views: 1258

Re: Misspelled Trust Name in IRS Form

Yikes!! I didn't read every post, but this attorney sounds awful. :annoyed
by FIREchief
Thu Sep 17, 2020 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Bypass-trust seems to be no longer feasible for inherited IRA?
Replies: 28
Views: 2075

Re: Bypass-trust seems to be no longer feasible for inherited IRA?

But they might indulge the crazy grantor who did not want to take advantage of their world-beating investment brilliance. LOL. You would certainly think so, but it's a strange world (especially in this realm). Maybe you and I should start the "afan and FIREchief" independent trustee LLC, undercut t...
by FIREchief
Thu Sep 17, 2020 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Bypass-trust seems to be no longer feasible for inherited IRA?
Replies: 28
Views: 2075

Re: Bypass-trust seems to be no longer feasible for inherited IRA?

It would be more whether the trustee could add a beneficiary (the charity). I agree that, since this is not a person, it might not be permitted to change the trust at that point. I think this is pretty cut and dried. If a trustee is allowed to add a non-individual beneficiary, than the trust will n...
by FIREchief
Thu Sep 17, 2020 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Reimbursing mileage for HSA
Replies: 26
Views: 1432

Re: Reimbursing mileage for HSA

And because of how they are treated during inheritance and with no RMDs ever required you can kind of look at them along with your Roth bucket - or even better than a Roth bucket because they reduced your taxes now. They're actually pretty bad for inheritance because unless the inheritor is a spous...
by FIREchief
Thu Sep 17, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Reimbursing mileage for HSA
Replies: 26
Views: 1432

Re: Reimbursing mileage for HSA

Home address and provider address is all I track. Mileage from google maps. I can’t imagine the IRS expecting anything more. 8-) Several years ago I had a trip reimbursement package rejected by an employer because my receipts included a Google Maps printouts showing how I calculated the mileage. Th...
by FIREchief
Thu Sep 17, 2020 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Bypass-trust seems to be no longer feasible for inherited IRA?
Replies: 28
Views: 2075

Re: Bypass-trust seems to be no longer feasible for inherited IRA?

If you have an accumulation trust, can the trustee have authority to create a charitable remainder trust if that appears to be appropriate? Could the trustee do this down the road, years after the grantor's death, in response to tax laws and the circumstances of the beneficiaries? If so, then one m...
by FIREchief
Wed Sep 16, 2020 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can ROTH Conversion prevent ROTH IRA Contribution
Replies: 13
Views: 647

Re: Can ROTH Conversion prevent ROTH IRA Contribution

There is a worksheet in the 1040 instructions that backs out the Roth conversions.
by FIREchief
Wed Sep 16, 2020 4:01 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 2925

Re: "Refinance" mortgage for a family member @ 2%?

Making it a "real" loan and placing a lien on the property will protect both of you. The best asset protection for a house is a mortgage.
by FIREchief
Wed Sep 16, 2020 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable Trust & Beneficary Designation
Replies: 7
Views: 611

Re: Revocable Trust & Beneficary Designation

BTW tax deferred accounts such as traditional & Roth IRAs should NOT be titled to the revocable trust, and should have a designated beneficiary. Is it even possible/legal to title a tax deferred account in the name of a trust? I think not, although the trust could be named as the beneficiary (altho...
by FIREchief
Wed Sep 16, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Reimbursing mileage for HSA
Replies: 26
Views: 1432

Re: Reimbursing mileage for HSA

Home address and provider address is all I track. Mileage from google maps. I can’t imagine the IRS expecting anything more. 8-) IRS rate may change each year. It’s 17 cents per mile for 2020. Interesting. So which mileage rate matters? I presume it would be the year its claimed not the year it act...
by FIREchief
Wed Sep 16, 2020 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Reimbursing mileage for HSA
Replies: 26
Views: 1432

Re: Reimbursing mileage for HSA

Home address and provider address is all I track. Mileage from google maps. I can’t imagine the IRS expecting anything more. 8-) IRS rate may change each year. It’s 17 cents per mile for 2020. Interesting. So which mileage rate matters? I presume it would be the year its claimed not the year it act...
by FIREchief
Tue Sep 15, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Reimbursing mileage for HSA
Replies: 26
Views: 1432

Re: Reimbursing mileage for HSA

Home address and provider address is all I track. Mileage from google maps. I can’t imagine the IRS expecting anything more. 8-)

IRS rate may change each year. It’s 17 cents per mile for 2020.
by FIREchief
Tue Sep 15, 2020 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Bypass-trust seems to be no longer feasible for inherited IRA?
Replies: 28
Views: 2075

Re: Bypass-trust seems to be no longer feasible for inherited IRA?

Just thinking out loud here but could an SPIA possibly make sense here for assets above the exemption? Removes those assets from the estate, protects against longevity, and still would likely provide an inheritance with the remaining assets. Not perfect, but does this potentially eliminate both the...
by FIREchief
Mon Sep 14, 2020 3:46 pm
Forum: Investing - Theory, News & General
Topic: TIPS Funds vs Direct Purchase from Treasury Direct
Replies: 25
Views: 1874

Re: TIPS Funds vs Direct Purchase from Treasury Direct

gmaynardkrebs wrote: Mon Sep 14, 2020 12:34 pm You're locking in a roughly 10% real loss over ten years. I'm willing to risk a 10% real loss on an investment, but the idea of locking one in in advance rubs me the wrong way. Yes, I know it's irrational to think that way. But....I do,
What will you do with that money if you don’t buy the TIPS?
by FIREchief
Mon Sep 14, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part C / SS statement has Part B premium deduction
Replies: 10
Views: 650

Re: Medicare Part C / SS statement has Part B premium deduction

This is likely correct. I’m not on Medicare but believe that part C premiums are in addition to part B premiums.
by FIREchief
Sun Sep 13, 2020 4:21 pm
Forum: Investing - Theory, News & General
Topic: TIPS Funds vs Direct Purchase from Treasury Direct
Replies: 25
Views: 1874

Re: TIPS Funds vs Direct Purchase from Treasury Direct

Hi everyone. I have been reading about TIPS Funds (like VIPSX) and purchasing direct TIPS from Treasury Direct. It has come to my attention that it is possible for funds, such as VIPSX, to actually go down in value. I am not sure how this is possible, because I thought TIPS were almost guaranteed t...
by FIREchief
Sat Sep 12, 2020 4:38 pm
Forum: Personal Investments
Topic: Is it Possible to Opt-out of Fidelity Premium Services?
Replies: 37
Views: 3977

Re: Is it Possible to Opt-out of Fidelity Premium Services?

nedsaid wrote: Sat Sep 12, 2020 3:58 pm I actually took the bait and met with a Fidelity Advisor. It was a pleasant experience
95% of those on the forum who have done this report similar experiences (and the other 5% may just be making stuff up for attention). 8-)
by FIREchief
Sat Sep 12, 2020 4:37 pm
Forum: Personal Investments
Topic: Is it Possible to Opt-out of Fidelity Premium Services?
Replies: 37
Views: 3977

Re: Is it Possible to Opt-out of Fidelity Premium Services?

softwaregeek wrote: Sat Sep 12, 2020 3:22 pm The key benefit for a lot of these things is phone wait time. At most institutions, your call gets answered in order of your account tier.
I believe that this is correct. It may also be that the person answering the phone is more senior and/or has better customer feedback.
by FIREchief
Fri Sep 11, 2020 4:44 pm
Forum: Investing - Theory, News & General
Topic: Timing the market for Roth Conversions. Sin?
Replies: 18
Views: 951

Re: Timing the market for Roth Conversions. Sin?

Does anyone else try to time the market for Roth conversions? Is it a Boglehead sin? Do you have a more defined algorithm than me? What is it? :mrgreen: Never. Since the death of recharacterizations, I just convert substantially all of my annual target on Jan 2. I did consider increasing my target ...
by FIREchief
Sun Sep 06, 2020 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 205
Views: 12909

Re: Buying vs. Renting Principles (Sticky Thread Request)

Divided by the market value of the home, and we're getting about a 4.2% imputed return vs. renting. Inflation would increase the cost of ownership (i.e. the $7k spent each year) but would also increase the benefit from owning (i.e. the $13.4k). Considering that we're very aggressive with our invest...
by FIREchief
Sun Sep 06, 2020 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 205
Views: 12909

Re: Buying vs. Renting Principles (Sticky Thread Request)

US median household income is $61,937. So median American should only buy a $124k home? Median US hone price is $320k. Only 12% of US homes were under $125k. US individual median income is $33,706, guess single people can't buy a home at all. https://www.statista.com/statistics/505291/home-purchase...
by FIREchief
Sun Sep 06, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 205
Views: 12909

Re: Buying vs. Renting Principles (Sticky Thread Request)

US median household income is $61,937. So median American should only buy a $124k home? Median US hone price is $320k. Only 12% of US homes were under $125k. US individual median income is $33,706, guess single people can't buy a home at all. https://www.statista.com/statistics/505291/home-purchase...
by FIREchief
Sun Sep 06, 2020 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 205
Views: 12909

Re: Buying vs. Renting Principles (Sticky Thread Request)

US median household income is $61,937. So median American should only buy a $124k home? Median US hone price is $320k. Only 12% of US homes were under $125k. US individual median income is $33,706, guess single people can't buy a home at all. https://www.statista.com/statistics/505291/home-purchase...
by FIREchief
Sat Sep 05, 2020 6:14 pm
Forum: Investing - Theory, News & General
Topic: Buying Growth + Value funds rather than Total Market
Replies: 11
Views: 822

Re: Buying Growth + Value funds rather than Total Market

That’s what I thought. Even though the rest of his advice has been excellent (we’ve been paying $100/mo retainer, AUM in addition after we started a taxable account) this does seem more per formative than anything else. Am I reading this right? He's charging an extra $100 per month as a "retainer?"...
by FIREchief
Sat Sep 05, 2020 6:13 pm
Forum: Investing - Theory, News & General
Topic: Buying Growth + Value funds rather than Total Market
Replies: 11
Views: 822

Re: Buying Growth + Value funds rather than Total Market

A charitable possibility is that the advisor actually believes that since growth and value cannot perform identically, splitting them and rebalancing them must create a balancing bonus. I don't want to go down that particular rabbit hole except to say many people really do believe this, and I belie...
by FIREchief
Sat Sep 05, 2020 4:40 pm
Forum: Investing - Theory, News & General
Topic: How do you *say* "ERISA"
Replies: 37
Views: 2147

Re: How do you *say* "ERISA"

Like the name Erika, except substituting S for K. https://en.wikipedia.org/wiki/Erika_(given_name) That puts the stress on the first syllable, the closest thing we had to a consensus was the stress on the second syllable! Now how about EAFE? :D Nobody? I've thought that it is pronounced like "Jeffy...
by FIREchief
Sat Sep 05, 2020 4:07 pm
Forum: Investing - Theory, News & General
Topic: How do you *say* "ERISA"
Replies: 37
Views: 2147

Re: How do you *say* "ERISA"

Like the name Erika, except substituting S for K. https://en.wikipedia.org/wiki/Erika_(given_name) That puts the stress on the first syllable, the closest thing we had to a consensus was the stress on the second syllable! Now how about EAFE? :D Nobody? I've thought that it is pronounced like "Jeffy...
by FIREchief
Sat Sep 05, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: How do you *say* "ERISA"
Replies: 37
Views: 2147

Re: How do you *say* "ERISA"

FIREchief wrote: Fri Sep 04, 2020 10:24 pm Now how about EAFE? :D
Nobody? I've thought that it is pronounced like "Jeffy" without the "J."
by FIREchief
Sat Sep 05, 2020 12:49 pm
Forum: Investing - Theory, News & General
Topic: How do you *say* "ERISA"
Replies: 37
Views: 2147

Re: How do you *say* "ERISA"

zaboomafoozarg wrote: Sat Sep 05, 2020 12:34 pm Like "Marisa Tomei", but without the "M" and the "Tomei".
Finally, one that is 100% clear!! :sharebeer
by FIREchief
Sat Sep 05, 2020 12:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9375
Views: 748137

Re: U.S. stocks continue to soar!

"August jobs report may appear rosy, but most job cuts have yet to hit, economists warn" https://www.nbcnews.com/business/economy/august-jobs-report-may-appear-rosy-most-job-cuts-have-n1239323 So unemployment dropped much more than expected, but on-line job postings "plunged by 9%. Is this a joke? ...
by FIREchief
Fri Sep 04, 2020 10:24 pm
Forum: Investing - Theory, News & General
Topic: How do you *say* "ERISA"
Replies: 37
Views: 2147

Re: How do you *say* "ERISA"

Now how about EAFE? :D
by FIREchief
Fri Sep 04, 2020 7:35 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9375
Views: 748137

Re: U.S. stocks continue to soar!

"August jobs report may appear rosy, but most job cuts have yet to hit, economists warn" https://www.nbcnews.com/business/economy/august-jobs-report-may-appear-rosy-most-job-cuts-have-n1239323 So unemployment dropped much more than expected, but on-line job postings "plunged by 9%. Is this a joke? ...
by FIREchief
Fri Sep 04, 2020 6:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9375
Views: 748137

Re: U.S. stocks continue to soar!

"August jobs report may appear rosy, but most job cuts have yet to hit, economists warn" https://www.nbcnews.com/business/economy/august-jobs-report-may-appear-rosy-most-job-cuts-have-n1239323 So unemployment dropped much more than expected, but on-line job postings "plunged by 9%. Is this a joke? ...
by FIREchief
Fri Sep 04, 2020 3:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20319
Views: 2777616

Re: U.S. stocks in free fall

I'm talking about any kind of stimulus. Obviously, the Fed and Congress would take different paths to achieve it, but all of those paths will be impeded by the economy making a quick recovery. That's presumably why stocks are tanking. ^^^this. When I saw the unemployment numbers (which, surprisingl...