Search found 996 matches

by Ron Ronnerson
Fri Aug 17, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Feedback requested on plan to lower income to qualify for ACA Subsidy
Replies: 17
Views: 1345

Re: Feedback requested on plan to lower income to qualify for ACA Subsidy

Regarding the discussion of Silver plans- It looks like the OP is in California, which played some games with the loss of CSR payments (often call the "Silver switch" or "Silver switcheroo" depending on what source you use). Basically, all of the additional costs that insurers face from the loss of...
by Ron Ronnerson
Fri Aug 17, 2018 5:00 am
Forum: Personal Finance (Not Investing)
Topic: Feedback requested on plan to lower income to qualify for ACA Subsidy
Replies: 17
Views: 1345

Re: Feedback requested on plan to lower income to qualify for ACA Subsidy

Thanks for raising these points and for the guidance. My responses are in blue. A possible problem is that our income unexpectedly goes up and we fall off the subsidy cliff. If that happens, I believe we should be able to contribute money into traditional IRAs up until 4/15/20 for the 2019 year and ...
by Ron Ronnerson
Fri Aug 17, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Feedback requested on plan to lower income to qualify for ACA Subsidy
Replies: 17
Views: 1345

Re: Feedback requested on plan to lower income to qualify for ACA Subsidy

You priced Kaiser Bronze and Gold above but if 400% of FPL is 80k+ and you will be at 64K then I believe you want to price a Silver plan and look carefully at the cost sharing reduction you may qualify for. I believe CSR is only available at Silver level. Got it. I’ll look at the silver plan too in...
by Ron Ronnerson
Thu Aug 16, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Feedback requested on plan to lower income to qualify for ACA Subsidy
Replies: 17
Views: 1345

Re: Feedback requested on plan to lower income to qualify for ACA Subsidy

I'm a little bit confused by this part: "First in order to get on the exchange (subsidy or no subsidy), you have to show your employer-provided insurance is unaffordable. This is the 9.86% test. Once you are allowed to get on..." Sorry I was wrong. They let you on but you don't get a subsidy. So yo...
by Ron Ronnerson
Thu Aug 16, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Feedback requested on plan to lower income to qualify for ACA Subsidy
Replies: 17
Views: 1345

Re: Feedback requested on plan to lower income to qualify for ACA Subsidy

Since the lowest-cost option available to cover only me for health insurance is $543/month (more than 9.86% of our MAGI), would I be correct in assuming that I would qualify for a premium tax credit if I were to make the above contributions? Those are two separate issues. First in order to get on t...
by Ron Ronnerson
Thu Aug 16, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Feedback requested on plan to lower income to qualify for ACA Subsidy
Replies: 17
Views: 1345

Re: Feedback requested on plan to lower income to qualify for ACA Subsidy

If you have an FSA at work you likely can't make a HSA contribution. I would only sign up for an FSA if I'm not enrolling in an HSA plan. Luckily, I don't have to sign up for an FSA until mid-December and ACA rates for various plans should be available before then. Once the exchange posts the plans...
by Ron Ronnerson
Thu Aug 16, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Feedback requested on plan to lower income to qualify for ACA Subsidy
Replies: 17
Views: 1345

Re: Feedback requested on plan to lower income to qualify for ACA Subsidy

I fight the cliff too but I don't have employee deductions since we are self employed. You will be able to deduct the HSA family amount of 6900 off of your MAGI too. Your cliff isn't the ACA cliff but the affordable employee insurance - you'll need to find out how to show/prove that. Exactly. I nee...
by Ron Ronnerson
Thu Aug 16, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Feedback requested on plan to lower income to qualify for ACA Subsidy
Replies: 17
Views: 1345

Feedback requested on plan to lower income to qualify for ACA Subsidy

My apologies on the long post below but I just wanted to provide all the relevant information. I’m a public school teacher in the Bay Area. My employer offers health insurance but the employee must pay the entire cost of the insurance. We’re a family of three. According to the healthcare.gov website...
by Ron Ronnerson
Wed Aug 15, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Credi card balance transfer offer
Replies: 10
Views: 1031

Re: Credi card balance transfer offer

The spread used to be juicier, 0% with no fee, and you could safely earn 5% . Good times. Today the margins are slimmer. I churn credit cards, and quite often the ones that have a good bonus also happen to have a 0% purchase APR period for 6 months to 15 months. So I just send minimum payments unti...
by Ron Ronnerson
Wed Aug 15, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement guidance for 38 yr old in Silicon Valley CA
Replies: 13
Views: 2415

Re: Retirement guidance for 38 yr old in Silicon Valley CA

Current Situation: Emergency fund[/b]/ Cash on hand: $783,471; Right now, this lump sum cash is sitting in a CD 1.7% account to because we don't know what to invest in and I am afraid of an upcoming bear market. Debt: My husband works in Chico, CA which is 3.5 hours away from the Bay Area. He purch...
by Ron Ronnerson
Wed Aug 15, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: 33 Male, how am I doing?
Replies: 28
Views: 2889

Re: 33 Male, how am I doing?

Congrats on the pay increase over last year. I would go line item by line item through my budget and look for places where I could save without really feeling like it's much of a sacrifice. Your savings rate is what's most important so I'd look to increase that gradually. I'm definitely not opposed ...
by Ron Ronnerson
Tue Aug 14, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: 33 Male, how am I doing?
Replies: 28
Views: 2889

Re: 33 Male, how am I doing?

Your rent seems totally reasonable yet you have a 7% savings rate on a six-figure income. So, where is your money going?

Your asset allocation seems a little aggressive but could be fine if you can handle volatility. I'd think about increasing bonds a little.
by Ron Ronnerson
Sun Aug 12, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 83
Views: 6381

Re: House Value & Mortgage as a Percentage of Net Worth

1) I think this varies a lot by person and cost of living. The biggest downside in tying up a laree % of income (however you want to measure it net or gross) is that in general a house is very illiquid and has high transaction costs. If you are spending 30% on a house and 20% eating out, well its m...
by Ron Ronnerson
Sun Aug 12, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 83
Views: 6381

Re: House Value & Mortgage as a Percentage of Net Worth

As long as someone's total consumption is low enough -- that is, their overall savings rate is high enough -- then I'd say it is up to them to decide how they decide to apportion that consumption. This is exactly right. One could ask what percent of a person’s gross pay should go toward daycare, tr...
by Ron Ronnerson
Sat Aug 11, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2680

Re: Average expenses in MCOL area for a family of 4

I think you’re not getting too many direct responses to your question for a couple of reasons. First, I’m not sure that people keep long-term averages of their spending over the years. First, you have to define long-term. If it’s 15 years, what if the person lived part of that time at home with pare...
by Ron Ronnerson
Thu Aug 09, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: First time taking kids to airport..
Replies: 28
Views: 2459

Re: First time taking kids to airport..

We have a four-year-old and have done over a dozen flights with her. Relatives drop us off at the airport and we do curbside check-in. We drop off our suitcases and car seats at that point. We usually fly out of SFO or Oakland Airport and often there is a long walk to get to the gate. So we keep the...
by Ron Ronnerson
Wed Aug 08, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3864

Re: Saving Enough for Retirement vs Vacation Home

Thanks for all the responses. I changed the topic title and also added we have 25k in EF. A couple of things also to add, I am a teacher so I have the summers off, and my wife works from home 3 or 4 days a week, so we would use the place a lot in the summer. I look at it as also saving for retireme...
by Ron Ronnerson
Wed Aug 08, 2018 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Roll a govt 457b into 403b or not?
Replies: 7
Views: 459

Re: Roll a govt 457b into 403b or not?

Assuming low cost funds are available to you in both the 457b and the 403b, I would not roll it over. With a 457b, you can access the funds without penalty if you separate from the employer regardless of your age. That's a great feature. $35/year isn't so terrible when you're talking about a balance...
by Ron Ronnerson
Wed Aug 08, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 74
Views: 7456

Re: When is leaving your job that pays well a good idea?

When I was in my 20s, I was getting business degrees and moving up the corporate ladder. I was having similar thoughts as you where the job was fine but I couldn’t imagine doing it for many years to come. I took a break from working, went traveling for a few months, and reset my life. I’ve have been...
by Ron Ronnerson
Wed Aug 08, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: 403b Roth or Pre-tax Decision and Marginal Rate
Replies: 17
Views: 736

Re: 403b Roth or Pre-tax Decision and Marginal Rate

I think you’ve come up with a good plan.
by Ron Ronnerson
Wed Aug 08, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: 403b Roth or Pre-tax Decision and Marginal Rate
Replies: 17
Views: 736

Re: 403b Roth or Pre-tax Decision and Marginal Rate

Do you or your spouse have any of the following? Pension contributions Medical premiums taken from your paycheck Dental premiums taken from your paycheck HSA or FSA for health Pretax contributions to retirement accounts such as a 401k, 457b, traditional IRA, etc. other than what you've listed Educat...
by Ron Ronnerson
Tue Aug 07, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Maui Hawaii Trip - How to save money?
Replies: 52
Views: 5205

Re: Maui Hawaii Trip - How to save money?

I can't believe I'm writing this given how frugal I am, but don't cheap out on uninspiring food. Yes, you can get Safeway sandwiches or bake a frozen pizza in your condo just like you do at home, but why? There is so much good food there - things you've never tried or never eaten so fresh. When we ...
by Ron Ronnerson
Mon Aug 06, 2018 2:02 pm
Forum: Personal Consumer Issues
Topic: "Dollar Tree Store" favorites
Replies: 84
Views: 6942

Re: "Dollar Store" favorites

I have no objection to buying throw-away stuff at dollar stores, but I would be wary of buying sunglasses there. I think your eyes deserve a better level of protection. I would tend to agree. A friend of mine found out I bought my sunglasses at the dollar store and gave me a nice pair as a gift. I ...
by Ron Ronnerson
Mon Aug 06, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: "Dollar Tree Store" favorites
Replies: 84
Views: 6942

Re: "Dollar Store" favorites

I have no objection to buying throw-away stuff at dollar stores, but I would be wary of buying sunglasses there. I think your eyes deserve a better level of protection. I would tend to agree. A friend of mine found out I bought my sunglasses at the dollar store and gave me a nice pair as a gift. I ...
by Ron Ronnerson
Mon Aug 06, 2018 1:11 pm
Forum: Personal Consumer Issues
Topic: Best Counter Depth Side by Side refrigerator
Replies: 24
Views: 2451

Re: Best Counter Depth Side by Side refrigerator

I have a Samsung counter-depth side by side that I bought 8 1/2 years ago. It’s had no issues. I recently broke a bin that goes on the inside of the door (gallon of milk proved too heavy for the bin). It was easy to find a replacement bin for an affordable price on Amazon. When we replace the fridge...
by Ron Ronnerson
Mon Aug 06, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: "Dollar Tree Store" favorites
Replies: 84
Views: 6942

Re: "Dollar Store" favorites

sunglasses
by Ron Ronnerson
Sun Aug 05, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: Maui Hawaii Trip - How to save money?
Replies: 52
Views: 5205

Re: Maui Hawaii Trip - How to save money?

This won't save you any money, but I recommend you snorkel early in the morning because the water may be calmest and clearest then. The reef sharks will be close in still feeding, too, for some extra excitement. You could get lucky later in the day too. We took the Hula Girl on a snorkel/scuba crui...
by Ron Ronnerson
Sun Aug 05, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Maui Hawaii Trip - How to save money?
Replies: 52
Views: 5205

Re: Maui Hawaii Trip - How to save money?

We went to Maui last month and were able to eat fairly inexpensively. We picked up food at the grocery store and ABC Store. This took care of most of the breakfasts and some lunches and we were set for drinks as well. We barbecued a few times for dinner. When going out, we only ordered the main cour...
by Ron Ronnerson
Sun Aug 05, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to Start CC Churning
Replies: 33
Views: 4135

Re: How to Start CC Churning

I have also opened a few bank accounts with bonuses. These are not so good any more as they generally require direct deposit, which is something I will not do. My wife and I have opened a lot of checking and savings accounts in the last couple of years and earned about $5k in bonuses in that time f...
by Ron Ronnerson
Fri Aug 03, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 68
Views: 3120

Re: Car price ratio to NW

KlangFool wrote:
Thu Aug 02, 2018 3:07 pm
magicrat wrote:
Thu Aug 02, 2018 1:52 pm
My car is 0.7% of my net worth.
magicrat,

I am overspending on my car. It is 2% of my net worth.

KlangFool
You are extremists. My car is 1.4% of my net worth.
by Ron Ronnerson
Fri Aug 03, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of higher property taxes on home price
Replies: 45
Views: 2512

Re: Impact of higher property taxes on home price

It absolutely should have an impact to house prices. In an efficient market, that impact would happen somewhat immediately, but real estate is generally slower moving. It's my belief that the tax law changes (remember the change to mortgage interest as well) hasn't propagated through the market - a...
by Ron Ronnerson
Thu Aug 02, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: New job commute
Replies: 64
Views: 3857

Re: New job commute

You need to look at the difference in your net pay between the two jobs (one that pays $100k and one that pays $70k). After accounting for taxes and commuting costs, you’re probably only looking at a difference of around $15k. Is that worth it for a 3-hour daily commute? For me, it wouldn’t be. I’d ...
by Ron Ronnerson
Mon Jul 30, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to Start CC Churning
Replies: 33
Views: 4135

Re: How to Start CC Churning

My wife and I each open a couple of new cards per year. We're light churners and have focused on Chase credit cards. Chase Sapphire (Reserve or Preferred) is good to start with in my opinion. If you have a business of some kind (or are thinking of starting a business), you can also open up a Chase B...
by Ron Ronnerson
Mon Jul 30, 2018 6:29 pm
Forum: Personal Consumer Issues
Topic: Dual language vs Traditional Public School
Replies: 23
Views: 1384

Re: Dual language vs Traditional Public School

Credible things I read indicate that becoming proficient in multiple languages as a child has positive changes in the brains of such folks. I did a fair amount of research on dual immersion programs for my master's degree in education. A lot of what I read very much stressed your point. I've been a...
by Ron Ronnerson
Sun Jul 29, 2018 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?
Replies: 19
Views: 2425

Re: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?

Moving some of the $85k into low-fee 403b and 457b accounts is a good idea if you don’t want to hold so much cash. Reducing your cash to $15k seems like a bit much, though. It might be fine if your expenses are low enough; otherwise, I’d consider having a little more cushion. If you’re in the 12% br...
by Ron Ronnerson
Mon Jul 23, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Real salary growth negative?
Replies: 45
Views: 4843

Re: Real salary growth negative?

I'm curious if I'm doing the math right here, but it seems pretty straightforward. My wife is a public school teacher and has reached the top level in pay increases, which means basic COLA raises going forward. She has 25 years until retirement. The last several years, pay increases have been betwe...
by Ron Ronnerson
Sat Jul 21, 2018 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Why Buy Bond Funds When Patelco/Provident CU Accounts Return 2-3%?
Replies: 10
Views: 1636

Re: Why Buy Bond Funds When Patelco/Provident CU Accounts Return 2-3%?

You need to be aware of the limitations of these accounts. Patelco offers competitive rates on only up to $5k. Also, the fine print says “The maximum number of checks that may clear is three (3) in any calendar month period. Certain withdrawal limits apply to Money Market Accounts.” For Provident, y...
by Ron Ronnerson
Fri Jul 20, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17900

Re: Salary vs. Lifestyle

I realize that this is a very subjective matter, but after reading one of the threads regarding early retirement, I noticed they recurring theme: Enjoying life while you can (having more time for "living in the sunlight" - hobbies, taking walks, exercising and spending time with family). I thankful...
by Ron Ronnerson
Fri Jul 20, 2018 12:18 pm
Forum: Personal Consumer Issues
Topic: Gift cards: which is "better / safer"? physical or electronic?
Replies: 23
Views: 1375

Re: Gift cards: which is "better / safer"? physical or electronic?

So, is it best to simply give up on gift cards entirely? Or, is the fraud risk manageable enough and, if so, which is better: physical or electronic gift cards? I have found that the fraud risk has been manageable enough. However, it's an assessment of reward vs. risk. I've primarily bought physica...
by Ron Ronnerson
Sun Jul 15, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you buy a primary residence?
Replies: 46
Views: 4196

Re: How often do you buy a primary residence?

As infrequently as possible. We bought our home 8 years ago. It’s the first one we’ve purchased and we have no plans to move in the near future (we’ll likely stay in our house another 15-20 years). We live in a town where the median home price is over $1M so the dollar amount involved for transactio...
by Ron Ronnerson
Sun Jul 15, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 6008

Re: Would you trade experiences in your youth for early retirement

Some yes and some no. It’s easier in hindsight to judge which experiences were worth it. It’s harder to know what an experience might offer beforehand. In any case, some of my best experiences cost little to nothing while other experiences cost way more than they should have. If I could, I’d give th...
by Ron Ronnerson
Fri Jul 13, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with extra $2500 a month?????
Replies: 36
Views: 3384

Re: What to do with extra $2500 a month?????

I would look into whether or not you and your wife have a 457b available. If so, and it has good investments available, I would begin to fund 457b accounts. These accounts have a provision which makes them more favorable than 403b accounts for those who retire early. Basically, there is no 10% penal...
by Ron Ronnerson
Mon Jul 09, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5882

Re: Should I take a $60k paycut to work 4days/week

At that income level, yes, I would. Time with young children is important too. Seems like you have plenty of money (and still would even with the pay cut) but could use more time.
by Ron Ronnerson
Sun Jul 08, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: Girls and investing
Replies: 115
Views: 6215

Re: Girls and investing

I’m a parent and elementary school teacher (for the past 15 years). We’re keeping it simple right now for our four-year-old daughter with basic stuff like the importance of saving money and how you should spend your money wisely since it takes time and hard work to earn it. With my 5th graders, I ge...
by Ron Ronnerson
Sat Jul 07, 2018 1:22 am
Forum: Personal Finance (Not Investing)
Topic: How do normal people afford the Bay Area?
Replies: 48
Views: 5548

Re: How do normal people afford the Bay Area?

Here is one (longish) story from a self-proclaimed “normal “ person living in the Bay Area. In my 20s, I lived with roommates and rented. When I got married, my wife and I continued to rent for a few years. I’m a teacher and she worked for a small business. We made a combined salary of around $120k ...
by Ron Ronnerson
Thu Jul 05, 2018 9:53 pm
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 160
Views: 13004

Re: What time do you get up in the morning?

On weekdays (except summertime), I get up at 6:20 and leave by 7:00. My morning routine is to read the news and check email on my phone for about 15 minutes. Then it’s a mad dash to put in my contact lenses, brush teeth, shave, scoop cat litter, shower, get dressed, and run downstairs. Once on the b...
by Ron Ronnerson
Tue Jul 03, 2018 11:54 pm
Forum: Personal Consumer Issues
Topic: Question about Cutting Cable
Replies: 18
Views: 1958

Re: Question about Cutting Cable

Thanks for the information, everyone. Much appreciated.
by Ron Ronnerson
Tue Jul 03, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Question about Cutting Cable
Replies: 18
Views: 1958

Re: Question about Cutting Cable

That's a high cable bill for internet service that slow (24 mbps). I would call and ask for higher speed for free (at least 100mbps). DSL can reach 15 mbps, not far below what you are getting. My one-year agreement with U-Verse is up next month so I'll call and see what they can offer. The current ...
by Ron Ronnerson
Mon Jul 02, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Question about Cutting Cable
Replies: 18
Views: 1958

Re: Question about Cutting Cable

Thanks for this info. I will check out the links as well.