Search found 166 matches

by yohac
Sun Nov 11, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should we open 1 or 2 HSAs?
Replies: 10
Views: 957

Re: Should we open 1 or 2 HSAs?

can each HSA be used to pay for either spouse's qualified expenses? Yes. So. What's clear is that we'd give up $1,000 a year in contribution limit if we only had one HSA while both are eligible. Although the wording in pub 969 isn't as clear as it should be, I believe that statement is true only if...
by yohac
Sat Nov 10, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidies and single LLC
Replies: 27
Views: 2333

Re: ACA subsidies and single LLC

TAX HELP!!!! Now I'm over the 400% income cap for ACA subsidies! My college age child works a part-time job and has made about $6900 (most on tips) this year, which doesn't allow me to call her out as a dependent. If I can't call her out as a dependent my income max to get the full subsidy is like ...
by yohac
Fri Nov 09, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: IRA "direct rollover"
Replies: 5
Views: 494

Re: IRA "direct rollover"

Thanks for the responses. It confused me because TIAA called this a "rollover" every step of the way.
by yohac
Fri Nov 09, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: IRA "direct rollover"
Replies: 5
Views: 494

IRA "direct rollover"

The scenario is I am transferring a portion of an IRA from TIAA to Vanguard. The check is made payable to Vanguard, but mailed to me. Then I will use the Vanguard app to scan and deposit the check. No taxes are withheld. From my understanding, this is a "direct rollover". As opposed to an "indirect ...
by yohac
Thu Nov 08, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Statue of limitations on taking back unvested $ in 401K? What if value of match is now lower than original deposits?
Replies: 12
Views: 1333

Re: Statue of limitations on taking back unvested $ in 401K? What if value of match is now lower than original deposits?

If no termination date ever gets listed would I then, next May, be listed as vested because now 2 years have passed? The vesting would be based on your termination date (once entered) not how long the money has been sitting there. If you're not vested now, and you never go back, you never will be v...
by yohac
Thu Nov 08, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Loan/line-of-credit options to qualify for ACA subsidy?
Replies: 6
Views: 406

Re: Loan/line-of-credit options to qualify for ACA subsidy?

If you're thinking HELOC, be sure to consider the entire cost of the transaction, not just the interest. If you planned to pay off the HELOC in one lump sum when you go on Medicare, most of the IRA money you'd need to withdraw would be taxed at 22%, versus the 12% you would otherwise be paying all a...
by yohac
Thu Nov 08, 2018 10:49 am
Forum: Investing - Theory, News & General
Topic: Would you still jump if you were ready, then the market dropped 50%??
Replies: 40
Views: 4916

Re: Would you still jump if you were ready, then the market dropped 50%??

Plenty of folks would jump in if it dropped 50% in a day. If it ground down relentlessly over a couple years, with no end in sight, that's a different question. Survival instinct kicks in at some point.
by yohac
Thu Nov 08, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Loan/line-of-credit options to qualify for ACA subsidy?
Replies: 6
Views: 406

Re: Loan/line-of-credit options to qualify for ACA subsidy?

My wife and I are 63 years old. I am retired and she has annual income of $25,000 which will end in the next year or so. Our annual budget is about $65,000. Does that mean that for age 64 your income will be zero and both of you will be on ACA? If so, I would consider the HELOC. Otherwise if it's j...
by yohac
Wed Nov 07, 2018 12:25 pm
Forum: Personal Consumer Issues
Topic: Moving TMobile account from flip phone to iPhone
Replies: 17
Views: 809

Re: Moving TMobile account from flip phone to iPhone

That sounds like the VERY old paygo plan, and I'm not surprised they won't grandfather it. But the current plan is good too, $3 per month minimum with 30 minutes included, and whatever dollars you have banked are good until they run out.
by yohac
Wed Nov 07, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 52
Views: 5733

Re: New job concerns

Right, "flexible" means you are free to leave a 6, 7 OR 8...

I quit a job after five months. Never even put it on my resume, and the small time gap never came up. There's no law that says you have to include every single place you ever got a paycheck.
by yohac
Mon Oct 29, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Discount Tire Credit Card - Worth Doing or Overall Foolish?
Replies: 48
Views: 3842

Re: Discount Tire Credit Card - Worth Doing or Overall Foolish?

It all depends on how much you prioritize simplicity. The hit to your credit score for one card would be small and temporary. If you wanted to start playing the credit card bonus game, there are a lot of easier ways to make more than a hundred bucks.
by yohac
Mon Oct 29, 2018 7:30 am
Forum: Personal Investments
Topic: VASGX - What to do? [VG LifeStrategy Growth]
Replies: 15
Views: 1417

Re: VASGX - What to do? [VG LifeStrategy Growth]

acwick wrote:
Sun Oct 28, 2018 11:32 pm
Is there a better place to put my money?
Not really, and any alternative recommendation is just a guess. For a single fund for someone in your position, it's a very good choice.
by yohac
Sat Oct 27, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing MAGI to qualify for ACA Premium Tax Credit
Replies: 12
Views: 1497

Re: Reducing MAGI to qualify for ACA Premium Tax Credit

mrgeeze wrote:
Sat Oct 27, 2018 3:01 pm
Not Hardly!
Who has 10k lying around to tie up in insurance premiums?
My total subsidy is more like 3K, and I just reduce my estimated tax payments accordingly.
by yohac
Sat Oct 27, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing MAGI to qualify for ACA Premium Tax Credit
Replies: 12
Views: 1497

Re: Reducing MAGI to qualify for ACA Premium Tax Credit

Instead of dealing with estimating your income, it's simpler to pay the full premium during the year, then get the credit back when you file your taxes. That's assuming of course that you have the cash available.
by yohac
Wed Oct 24, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Phone calls from Social Security
Replies: 10
Views: 1590

Re: Phone calls from Social Security

DW got a legit call from SS after she applied. Not sure why since hers was a routine online application. Unless it was to verify that she actually exists.
by yohac
Wed Oct 24, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: What keeps you up at night?
Replies: 56
Views: 6423

Re: Retirees: What keeps you up at night?

Worldwide debt. And the fact that no one in power has any interest in doing anything about it.
by yohac
Mon Oct 22, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Retire now or in the Spring. - changing work conditions
Replies: 36
Views: 4155

Re: Retire now or in the Spring. - changing work conditions

fsrph wrote:
Sun Oct 21, 2018 5:55 pm
Is there a point where you say the heck with the financially best choice?
Yes, and you're at that point. The financially best choice is always to keep working. Time to reframe the question to "what's best for me?"
by yohac
Sun Oct 21, 2018 9:08 pm
Forum: Personal Consumer Issues
Topic: Quitting w/o notice
Replies: 132
Views: 9092

Re: Quitting w/o notice

I'm planning to resign this week and I'm trying to decide is if I should give 2 weeks notice or not. I've always given 2 weeks in the past (if not more) and always thought it standard practice. Whether it's standard or ethical is less important than whether it's in your best interest. Companies won...
by yohac
Fri Oct 19, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 4288

Re: Approach to rescinding a job acceptance

Exceptions are always possible, but HR generally goes by "once burned, twice shy". From their perspective, a sincere applicant who received an unexpected counteroffer (like the OP) is indistinguishable from someone who intentionally wasted their time just to get leverage to pressure their current em...
by yohac
Wed Oct 17, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 4288

Re: Approach to rescinding a job acceptance

A polite, timely phone call is all that is needed. No approach will save the bridge. When this happened at our company, HR and the hiring execs used phrases like "she's dead to me" or "she-who-will-not-be-named."
by yohac
Wed Oct 17, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Would you ever buy a lottery ticket?
Replies: 32
Views: 1466

Re: Would you ever buy a lottery ticket?

Will you buy 1 ticket just to get into the fever and maybe even hit it big? Fun to dream about what you can do with all that money....all the homes/cars/gadgets/vacations/travel you want! :greedy I pretty much have all the stuff I want already. People can obviously do what they want, but I never re...
by yohac
Mon Oct 15, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 3202

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

haranoth wrote:
Mon Oct 15, 2018 10:38 am
She has 62k in 401k after 19 years employment total.
So you're roughly early 40s? That definitely calls for a small and tasteful wedding. Blowouts are more for the young kids just out of college (and their unfortunate fathers.)
by yohac
Mon Oct 15, 2018 10:37 am
Forum: Personal Investments
Topic: Vanguard changing my Admiral shares to Investor Shares
Replies: 26
Views: 5134

Re: Vanguard changing my Admiral shares to Investor Shares

I understand your irritation, but in the scheme of things, moving a million from Vanguard to Fidelity could be a whole lot more irritating. The difference between Investor and Admiral Wellingon on 50K is 40 bucks a year. I don't think having Flagship status would make a difference in this situation.
by yohac
Mon Oct 15, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 3202

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

She can ask HR how much COBRA will cost, if you need to know that before she gets the actual paperwork.

I would roll the 401K over into an IRA, especially if the alternative you're thinking of is cashing it out.
by yohac
Sun Oct 14, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Roth IRA contribution--new account or existing?
Replies: 4
Views: 397

Re: Spousal Roth IRA contribution--new account or existing?

Yes, subject to all the income rules, a working spouse can contribute to their non-working spouse's Roth IRA. It doesn't need to be a new separate IRA. I've contributed to my wife's for years.
by yohac
Sat Oct 13, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Mobile Check--Still Not Working (UPDATE:--Now Working Again)
Replies: 4
Views: 660

Re: Vanguard Mobile Check--Still Not Working

I converted to the "New Platform" and after that conversion, the Mobile Check feature stopped working. Mobile Check has never worked for me on the "New Platform". Closest thing I've found to an explanation is this Q/A, which has been on https://personal.vanguard.com/us/help/FAQTechHelpMobileCheckIn...
by yohac
Thu Oct 11, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: HSA/FSA related question
Replies: 5
Views: 503

Re: HSA/FSA related question

If your employer contributes to your HSA, then it's a no-brainer - take advantage this year and next year. You can only contribute up to the HSA max for yourself ($3450 in 2018) since your wife is not on your plan. Your wife can contribute to her FSA next year, but you can't contribute to both an HS...
by yohac
Thu Oct 11, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 92
Views: 7663

Re: Anyone here major in Economics in college?

She seriously considered being a professional musician (in an orchestra). Then she found out how much it pays and how hard it is to get the job. Maybe she will join a community orchestra (like community theater) as a hobby. Smart gal. I read somewhere that there are more players in the NFL than the...
by yohac
Wed Oct 10, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluation of Pension Default Risk
Replies: 6
Views: 625

Re: Evaluation of Pension Default Risk

If there's no PBGC, I'd probably take a lump sum. Even if it's supposedly guaranteed by the county or state. The unfunded pension liabilities in this country are staggering.
by yohac
Wed Oct 10, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Airline vs. non-airline travel card
Replies: 10
Views: 964

Re: Airline vs. non-airline travel card

If you will be making multiple trips you may not want to limit yourself to just one new card. Two 50K bonuses are better than one, and with Venture or Chase Sapphire Preferred, you get the first year with no fee, and can always cancel before the second year fee hits.
by yohac
Wed Oct 10, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - Timing and The ACA financials
Replies: 8
Views: 1184

Re: Early Retirement - Timing and The ACA financials

I think you can apply anytime during the open enrollment period. Any other time you would have to provide documentation that shows you lost employer coverage.

If you are very close to the subsidy income limit, consider choosing an HDHP so you can contribute to an HSA.
by yohac
Wed Oct 10, 2018 12:47 pm
Forum: Personal Investments
Topic: Annuities
Replies: 12
Views: 1120

Re: Annuities

My mother-in-law was also taken in by her banker's annuity sales pitch, to our great dismay. Even if I wanted an annuity I wouldn't buy it through a bank.
by yohac
Wed Oct 10, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Between Jobs: Obamacare vs COBRA?
Replies: 30
Views: 1769

Re: Between Jobs: Obamacare vs COBRA?

tjhar wrote:
Wed Oct 10, 2018 12:03 pm
My understanding is that they only send COBRA paperwork in the middle of the month where you are uninsured!!!
That should not be the case. You should get it within a few days after termination.
by yohac
Wed Oct 10, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Between Jobs: Obamacare vs COBRA?
Replies: 30
Views: 1769

Re: Between Jobs: Obamacare vs COBRA?

Obamacare covers pre-existing conditions. I wouldn't wait till late November to sign up though. Seem to recall that you needed to sign up by the 15th of previous month, but I could be wrong. You have 60 days to sign up for COBRA, normally starting right after your termination. In your scenario, I wo...
by yohac
Tue Oct 09, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: State taxes on income after moving? Double taxation?
Replies: 4
Views: 586

Re: State taxes on income after moving? Double taxation?

I think he's right, although generally your resident state allows a credit for what you paid the non-resident state. Not sure if CA does.
by yohac
Tue Oct 09, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2271

Re: early retirement for health reasons- pension option ss income leveling?

Does that 800/month for health insurance include ACA subsidies? If not you should research. 4200/month income may push you over the limit, if it's just you in the household. Staying just under the max can save you hundreds per month.
by yohac
Tue Oct 09, 2018 11:58 am
Forum: Personal Consumer Issues
Topic: Neighbors tree branch growing too close to my house
Replies: 48
Views: 3987

Re: Neighbors tree branch growing too close to my house

If the branch is cracked and ready to fall on your house, it constitutes a nuisance and your neighbor should pay. Otherwise it's on you. 80 bucks isn't worth going to war.
by yohac
Sat Oct 06, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Former Employer Contracting Opportunity - Share Your Thoughts
Replies: 29
Views: 1761

Re: Former Employer Contracting Opportunity - Share Your Thoughts

A couple months after I retired they came back to me, because the replacement they hired quit. As first I said No Thanks, but eventually I said okay at my old rate. Which sounds stupid but I had several conditions. I'll make program tweaks, answer questions over email, sit in on conference calls. Bu...
by yohac
Wed Oct 03, 2018 7:48 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving to Texas, Iowa, Idaho, or North Carolina
Replies: 216
Views: 16722

Re: Thinking of moving to Texas, Iowa, Idaho, or North Carolina

umm.... why not? the town that starts with a D which one the one where the movie was filmed? or the one with a river behind it? why is it the worst choice? I'm pretty sure he meant Dubuque, and I agree, compared to your other choices it's a bleak nowhere. No one ever moves to Dyersville. It's a tin...
by yohac
Wed Oct 03, 2018 9:15 am
Forum: Personal Investments
Topic: MetLife 403(b) Rollover to Fidelity
Replies: 5
Views: 389

Re: MetLife 403(b) Rollover to Fidelity

This may not apply to MetLife, but it might be easier if you first rollover the 403b into an IRA at MetLife. They'd probably love that and let you do it all online. Then roll the IRA over to Fidelity. IRA to IRA transfers are usually more straightforward.
by yohac
Wed Oct 03, 2018 7:07 am
Forum: Personal Consumer Issues
Topic: Thinking of moving to Texas, Iowa, Idaho, or North Carolina
Replies: 216
Views: 16722

Re: Thinking of moving to Texas, Iowa, Idaho, or North Carolina

I can kind of care less about weather as that does not pay your bills I just care about making a living. I'm sure you mean that, but having grown up in Iowa, a Californian can't really comprehend an Iowa winter. Having to get up and go to work in the dark, in the middle of a blizzard. Driving on ic...
by yohac
Mon Oct 01, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Suze Orman - "I hate the FIRE movement."
Replies: 75
Views: 10300

Re: Suze Orman - "I hate the FIRE movement."

So everyone should work till they drop, out of fear. No thanks. If it gets that bad, we're all doomed anyway.
by yohac
Mon Oct 01, 2018 7:54 am
Forum: Personal Investments
Topic: Adding Reat Estate and International to my portfolio
Replies: 13
Views: 1522

Re: Adding Reat Estate and International to my portfolio

If you want domestic real estate but not REITS, and presumably liquidity, you're pretty much limited to the TIAA Real Estate fund. There have been many debates over its merits, and I'm not trying to start another - just trying to answer the question. But, its volatility barely registers, and its rec...
by yohac
Mon Oct 01, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: Do you like technical conferences?
Replies: 32
Views: 2318

Re: Do you like technical conferences?

I went to many but started avoiding them when teleconferencing became a thing. Too much wasted time and I found little benefit in networking / schmoozing.
by yohac
Sun Sep 30, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Data Visualization—skill or career?
Replies: 9
Views: 1201

Re: Data Visualization—skill or career?

I pushed for bringing Tableau into our company, and worked with it a couple years until I retired this year. You don't need a background in programming to use it effectively. But you do need to REALLY understand data. The challenge is designing visualizations that answer questions the users have, or...
by yohac
Sat Sep 29, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Layoffs – Insurance after COBRA
Replies: 16
Views: 2368

Re: Layoffs – Insurance after COBRA

Sorry about the layoff situation. Of course there's Obamacare, https://www.healthcare.gov/

Be prepared for sticker shock, but if you can manage your taxable income, you may qualify for a subsidy.
by yohac
Sat Sep 29, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: 0% loan to family member
Replies: 44
Views: 2884

Re: 0% loan to family member

Your father should keep track of the money he's almost certainly giving your brother for property tax, insurance, food, etc, and that should also be deducted from his inheritance.
by yohac
Sat Sep 29, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: Should we stay in Crazytown because there's no where to run?
Replies: 148
Views: 19469

Re: Should we stay in Crazytown because there's no where to run?

I've been investing for over 30 years, and every single day some expert says it's a horrible time to invest and disaster is imminent. Although I've never tried to calculate it, I have no doubt that my wife's long term investment returns beat mine. She couldn't tell you the difference between a Roth ...
by yohac
Fri Sep 28, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 7180

Re: New Relationship - Best way to handle finances?

It's amazing how many modern women become traditional when the waiter brings the check. She's checking whether you are a "good provider". Don't be.
by yohac
Thu Sep 27, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to charge much higher than Credit Card Limit
Replies: 44
Views: 4264

Re: How to charge much hire than Credit Card Limit

afan wrote:
Thu Sep 27, 2018 1:59 pm
If you plan to do something that is "unusual" it's better to clear it with the credit card company in advance so your account/assets don't get locked up on suspicions of money laundering.
Definitely. Many people have had their credit accounts abruptly closed for far less suspicious behavior.