Search found 143 matches

by phinanciallyfit
Tue Apr 20, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?
Replies: 106
Views: 10032

Re: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?

This has been a really helpful post, but I have a question that wasnt addressed. We have 2 kids, but we do not spend equally on the 2 kids. Is it $8,000 per kid or up to $16,000 for 2 kids regardless of how the costs are distributed? For example, if we paid $12000 for 1 kid and $4000 for summer cam...
by phinanciallyfit
Mon Apr 19, 2021 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?
Replies: 106
Views: 10032

Re: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?

This has been a really helpful post, but I have a question that wasnt addressed. We have 2 kids, but we do not spend equally on the 2 kids. Is it $8,000 per kid or up to $16,000 for 2 kids regardless of how the costs are distributed? For example, if we paid $12000 for 1 kid and $4000 for summer camp...
by phinanciallyfit
Wed Apr 14, 2021 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 183
Views: 11367

Re: First child entering college in the fall... need some advice

It is typically easier to transfer to an elite school then it is to get admitted to one in the first place Can't speak for all "elite" schools, but this is emphatically not the case at MIT, where approx. 25 transfer students are admitted each year. https://news.mit.edu/2015/niche-of-their...
by phinanciallyfit
Wed Apr 14, 2021 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Which is more forward-looking? Solar panels or Roth investment?
Replies: 35
Views: 2146

Re: Which is more forward-looking? Solar panels or Roth investment?

There is also a social good that I associate with solar. My kids are very eco conscious, so that is a consideration as well. There is also a social good to improving energy efficiency of the household. The other poster mentioned saving $1500 a year in electricity costs. Our household hasn't spent t...
by phinanciallyfit
Wed Apr 14, 2021 11:08 am
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 183
Views: 11367

Re: First child entering college in the fall... need some advice

Here are my 2 cents.... I agree that there can be benefits to going to the elite school, mainly in terms of specialized classes (if it is a highly specialized major) and in terms of access to networks and connections. These can be invaluable in certain fields, but are usually most relevant in the la...
by phinanciallyfit
Mon Apr 12, 2021 12:47 pm
Forum: Personal Consumer Issues
Topic: Gardening 2021
Replies: 34
Views: 2747

Re: Gardening 2021

Zone 7b I've always loved gardening, but have only owned a house for about 3 years now, so I'm still experimenting. Previous owners left us with lovely and mature grape vines, which we will hopefully remember to cover with netting this year. The cherry trees are in bloom, which is later than last ye...
by phinanciallyfit
Tue Mar 23, 2021 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Work from Home - Most Tax Friendly States (Not Cost of Living)
Replies: 76
Views: 5988

Re: Work from Home - Most Tax Friendly States (Not Cost of Living)

Taxation is entirely personal. California has the most progressive tax system, Washington the least. If you make piles of money, you’ll pay less tax in WA than in CA, but as a middle class retiree, I do a lot better in CA. Why do you say Washington has less progressive tax compared to CA? Washingto...
by phinanciallyfit
Tue Mar 23, 2021 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Work from Home - Most Tax Friendly States (Not Cost of Living)
Replies: 76
Views: 5988

Re: Work from Home - Most Tax Friendly States (Not Cost of Living)

I like how California is the 6th most tax-friendly state in the Kiplinger article but the 8th least tax-friendly state in the Mental Floss piece. It can all depend on what assumptions you make and how you weight things. +1 I started laughing when I saw California as #6 most tax friendly in the Kipl...
by phinanciallyfit
Thu Mar 18, 2021 11:05 am
Forum: Personal Consumer Issues
Topic: Should I redo my front yard and backyard landscaping?
Replies: 30
Views: 2468

Re: Should I redo my front yard and backyard landscaping?

DIY may not look quite as fancy, but may still be an upgrade. We just redid our front yard and it wasnt that hard. Also check and see if their are any rebates in your community for this. We were able to get a sizable rebate from the water authority to replace our turf grass with rock and low water p...
by phinanciallyfit
Wed Mar 17, 2021 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Child birth insurance question
Replies: 10
Views: 853

Re: Child birth insurance question

Research the “birthday rule and “coordination of benefits”. Call both insurance companies. Yes, this was what I logged in yo mention. There are rules about which insurance a child should be placed on for their primary insurance. It likely will not be caught if everything goes smoothly, but if there...
by phinanciallyfit
Mon Mar 15, 2021 2:58 pm
Forum: Personal Investments
Topic: Changing to MFJ this year, roth or pre-tax for extra money?
Replies: 11
Views: 545

Re: Changing to MFJ this year, roth or pre-tax for extra money?

If you're going to MFJ for 2020 and your MAGI for 2020 is $127k, then you don't need to use the backdoor Roth for 2020. You can both do direct Roth IRA contributions for 2020 by 4/15/21. The Rollover IRA will not matter for direct Roth IRA contributions. But if you go back to MFS or your MAGI incre...
by phinanciallyfit
Mon Mar 15, 2021 2:52 pm
Forum: Personal Investments
Topic: Changing to MFJ this year, roth or pre-tax for extra money?
Replies: 11
Views: 545

Re: Changing to MFJ this year, roth or pre-tax for extra money?

Do you have a tIRA? If all of your pre-tax assets are in 4XX funds, there is nothing stopping you both from contributing to Roth IRAs via a Backdoor. https://www.whitecoatinvestor.com/backdoor-roth-ira-tutorial/ As soon as you contribute to a pre-tax tIRA, or rollover a 4XX into one, that becomes m...
by phinanciallyfit
Mon Mar 15, 2021 2:01 pm
Forum: Personal Investments
Topic: Changing to MFJ this year, roth or pre-tax for extra money?
Replies: 11
Views: 545

Re: Changing to MFJ this year, roth or pre-tax for extra money?

Do you have a tIRA? If all of your pre-tax assets are in 4XX funds, there is nothing stopping you both from contributing to Roth IRAs via a Backdoor. https://www.whitecoatinvestor.com/backdoor-roth-ira-tutorial/ As soon as you contribute to a pre-tax tIRA, or rollover a 4XX into one, that becomes m...
by phinanciallyfit
Mon Mar 15, 2021 1:52 pm
Forum: Personal Investments
Topic: Changing to MFJ this year, roth or pre-tax for extra money?
Replies: 11
Views: 545

Re: Changing to MFJ this year, roth or pre-tax for extra money?

It's not quite clear to me from your post whether you're trying to put more money into your workplace plans for 2020. That shipped has sailed. Your last paycheck in 2020 would have been the last opportunity to make a contribution to those for 2020. It looks like your AGI/MAGI is too high for you to...
by phinanciallyfit
Mon Mar 15, 2021 1:46 pm
Forum: Personal Investments
Topic: Changing to MFJ this year, roth or pre-tax for extra money?
Replies: 11
Views: 545

Re: Changing to MFJ this year, roth or pre-tax for extra money?

Do you have a tIRA? If all of your pre-tax assets are in 4XX funds, there is nothing stopping you both from contributing to Roth IRAs via a Backdoor. https://www.whitecoatinvestor.com/backdoor-roth-ira-tutorial/ As soon as you contribute to a pre-tax tIRA, or rollover a 4XX into one, that becomes m...
by phinanciallyfit
Mon Mar 15, 2021 11:23 am
Forum: Personal Investments
Topic: Changing to MFJ this year, roth or pre-tax for extra money?
Replies: 11
Views: 545

Changing to MFJ this year, roth or pre-tax for extra money?

My spouse and I typically file separately due to my student loans, but because of the student loan payment/interest moratorium, we are filing jointly for 2020. I want to take advantage of this filing status and am considering contributing to a Roth for 2020, but I want to double check my logic with ...
by phinanciallyfit
Thu Mar 11, 2021 4:57 pm
Forum: Personal Investments
Topic: Life insurance instead of pension survivorship
Replies: 16
Views: 1178

Re: Life insurance instead of pension survivorship

A lot depends on your spouse's age, his own expected income (social security, pensions, etc), combined assets, and household expenses. I would speculate that buying separate life insurance to replace the survivor option on a pension would be a rare circumstance. The "cost" of the spouse l...
by phinanciallyfit
Sat Mar 06, 2021 5:49 pm
Forum: Personal Consumer Issues
Topic: What are your alternatives to big name brands, like Amazon?
Replies: 72
Views: 4978

Re: What are your alternatives to big name brands, like Amazon?

After Amazon Web Services decided to do what they did in taking down a major web site that shall not be named, I deleted all my credit card info with them (and Zappos) and changed my username to Amazonblows. I do my Internet searches through DuckDuckGo and have not had a problem finding what I've n...
by phinanciallyfit
Sat Mar 06, 2021 5:43 pm
Forum: Personal Consumer Issues
Topic: What are your alternatives to big name brands, like Amazon?
Replies: 72
Views: 4978

Re: What are your alternatives to big name brands, like Amazon?

I don't see how target.com is any simpler or more local-merchant friendly than Amazon is, per your original post. You can use target.com to shop your local target and do curb side pickup. It certainly isnt supporting a mom/pop shop, but would support jobs in your community. If a local store does no...
by phinanciallyfit
Sat Mar 06, 2021 5:22 pm
Forum: Personal Consumer Issues
Topic: How to make strong coffee equivalent to Starbucks for cheaper?
Replies: 134
Views: 10566

Re: How to make strong coffee equivalent to Starbucks for cheaper?

I own a single serve drip machine but I find myself walking to the corner Starbucks and paying $2.65 or so for a grande Pike Place roast. The Starbucks coffee has 330mg of caffeine and gives me a nice productivity boost/buzz. I use Folgers at home but it’s not the same and I can’t seem to replicate...
by phinanciallyfit
Sat Mar 06, 2021 2:54 pm
Forum: Personal Consumer Issues
Topic: What are your alternatives to big name brands, like Amazon?
Replies: 72
Views: 4978

Re: What are your alternatives to big name brands, like Amazon?

I don't see how target.com is any simpler or more local-merchant friendly than Amazon is, per your original post. You can use target.com to shop your local target and do curb side pickup. It certainly isnt supporting a mom/pop shop, but would support jobs in your community. If a local store does no...
by phinanciallyfit
Sat Mar 06, 2021 2:51 pm
Forum: Personal Consumer Issues
Topic: What are your alternatives to big name brands, like Amazon?
Replies: 72
Views: 4978

Re: What are your alternatives to big name brands, like Amazon?

We mostly use Sprouts (local grocery store) or costco for our basics, but if I need something fairly quickly and dont want to pay for pick up, I'll do pick up from Target. I'll do larger orders from target too, but I try to do pick up when possible. Maybe it doesn't work this way, but I assume foing...
by phinanciallyfit
Thu Feb 25, 2021 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse leaving company I also work for – how to handle?
Replies: 32
Views: 3907

Re: Spouse leaving company I also work for – how to handle?

Is your job the type of job that could be completed remotely or does it require you to be on site? If it could be remote (even if it is not common for the company), it may be worth discussing it with your supervisor to think through logistics and perhaps give it a trial run.
by phinanciallyfit
Thu Feb 25, 2021 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Using dependent care FSA - tax effect on baby sitter - 1099?
Replies: 25
Views: 934

Re: Using dependent care FSA - tax effect on baby sitter - 1099?

I think the point trying to be made is that they've made it some amount of time without need of care and are going to try to cram $1200 worth of "daycare" in the next month. It is completely legitimate to use an in home care provider. However, they'll need to figure out a number of pieces...
by phinanciallyfit
Thu Feb 25, 2021 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Using dependent care FSA - tax effect on baby sitter - 1099?
Replies: 25
Views: 934

Re: Using dependent care FSA - tax effect on baby sitter - 1099?

A person is not considered a household employee unless you pay them over $2200, so with $1200 of expenses, the babysitter in this case would be well under the threshold for the "nanny tax." For a dependent care FSA, you can use it to pay a family member as long as that family member is not...
by phinanciallyfit
Wed Feb 24, 2021 6:03 pm
Forum: Personal Investments
Topic: Parents gifting my infant son $10k. What's the smartest way to invest it?
Replies: 45
Views: 3940

Re: Parents gifting my infant son $10k. What's the smartest way to invest it?

True, but only if they dont use it until the second semester of their junior year or later (after FAFSA is submitted for their senior year), and often people plan to use it early. If it is used earlier than that, it is considered a gift to child and a large percentage is expected to go to their coll...
by phinanciallyfit
Wed Feb 24, 2021 4:27 pm
Forum: Personal Investments
Topic: Parents gifting my infant son $10k. What's the smartest way to invest it?
Replies: 45
Views: 3940

Re: Parents gifting my infant son $10k. What's the smartest way to invest it?

Can someone explain the rules for an infant receiving $10,000 or $50? As a minor, I always thought that was a gift to the parent as an infant can't own an account. In these cases, we deposited the checks into our checking account and moved to the 529. If you have a 529 account for a child, you can ...
by phinanciallyfit
Wed Feb 24, 2021 3:54 pm
Forum: Forum Issues and Administration
Topic: What is the deal with "DW"?
Replies: 104
Views: 5539

Re: What is the deal with "DW"?

I don't particularly like it and I try to avoid using it, but that and the related (DH, DS, and DD) have been used in every internet forum I have participated in over the last 7 years (which is when I first came across it).
by phinanciallyfit
Wed Feb 24, 2021 10:50 am
Forum: Personal Investments
Topic: Parents gifting my infant son $10k. What's the smartest way to invest it?
Replies: 45
Views: 3940

Re: Parents gifting my infant son $10k. What's the smartest way to invest it?

that's good. or VTWAX is investing in the total (global) world stock market index fund. So that's more diversified than just vtsax. Will it do better? Unfortunately, my crystal ball is cloudy. you could also put it in a 529 plan instead of a taxable acct, if you think your son will attend college. ...
by phinanciallyfit
Wed Feb 24, 2021 10:42 am
Forum: Personal Consumer Issues
Topic: Thoughts or suggestions: upgrading from Honda Fit for DW's comfort on long road trips...
Replies: 40
Views: 1960

Re: Thoughts or suggestions: upgrading from Honda Fit for DW's comfort on long road trips...

I don't think the problem is the Fit; the problem is driving 800 miles a day on secondary roads (or interstates for that matter.) Dial it back to 200-300 or so and you're done. It's a road trip: the idea is to stop and look at things you find on the road along the way. Well, that's after the pandem...
by phinanciallyfit
Wed Feb 24, 2021 10:37 am
Forum: Personal Consumer Issues
Topic: Thoughts or suggestions: upgrading from Honda Fit for DW's comfort on long road trips...
Replies: 40
Views: 1960

Re: Thoughts or suggestions: upgrading from Honda Fit for DW's comfort on long road trips...

We've done lots of roadtrips and my recommendation would be to test drive anything you are considering. We currently have a honda civic (which we have taken very long road trips with) and a Subaru ascent (planned roadtrip car now that we have 2 kids and a dog) and honestly, I do not find either part...
by phinanciallyfit
Thu Feb 18, 2021 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 258
Views: 31684

Re: Saving 50% of salary; what does it really mean?

You live on less than $2k per month? Wow. I’m impressed. $40K.... which isn't much lower than the median household income in the US of $53K (averaged over 2015-2019, as the Census Bureau reports it). Many people do live on this amount, with families. Many people live on this amount? This poster pay...
by phinanciallyfit
Thu Feb 18, 2021 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 258
Views: 31684

Re: Saving 50% of salary; what does it really mean?

Salary+bonus+401k match+other various cash benefits (HSA contribution, ESPP net benefit, etc) = $135k 401k+Roth+HSA = $35k Taxable = $60k (goal for this year) So, $95k/$135k = 70%... You live on less than $2k per month? Wow. I’m impressed. $40K.... which isn't much lower than the median household i...
by phinanciallyfit
Thu Feb 18, 2021 12:44 pm
Forum: Personal Investments
Topic: Rethinking bond allocation, would appreciate feedback
Replies: 49
Views: 2609

Re: Rethinking bond allocation, would appreciate feedback

Wow, new 100%ers better mark this thread and see if you still agree after the next big drop. Risk tolerance quizzes can't account for the emotions a new investor will feel during a "the sky is falling" crash. https://www.kiplinger.com/investing/601196/the-scary-costs-of-fight-or-flight-in...
by phinanciallyfit
Wed Feb 17, 2021 1:02 pm
Forum: Personal Consumer Issues
Topic: Ski Socks
Replies: 23
Views: 1123

Re: Ski Socks

Taking the family on our first ski trip next week. What are the best socks to wear under ski boots? I initially thought wool for warmth and wicking, but I read elsewhere thin socks made of synthetic material. Suggestions? Somewhat thin is better, but wool is great. I like smartwool and darn tough s...
by phinanciallyfit
Wed Feb 17, 2021 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 258
Views: 31684

Re: Saving 50% of salary; what does it really mean?

Something with the math on this thread doesn't add up. If so many people are able to save 50, 60, 70%+ - Why isn't everyone retiring by 30, 40 or 50? Are the people here just cherry picking years (Mortgage paid off, kids out of college, not buying cars this year, delayed medical expenses...?). Is t...
by phinanciallyfit
Wed Feb 17, 2021 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 258
Views: 31684

Re: Saving 50% of salary; what does it really mean?

Salary+bonus+401k match+other various cash benefits (HSA contribution, ESPP net benefit, etc) = $135k 401k+Roth+HSA = $35k Taxable = $60k (goal for this year) So, $95k/$135k = 70%... You live on less than $2k per month? Wow. I’m impressed. $40K.... which isn't much lower than the median household i...
by phinanciallyfit
Wed Feb 17, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 258
Views: 31684

Re: Saving 50% of salary; what does it really mean?

Hmm, I have always thought of it as 50% of gross salary, but perhaps that is because we have never had income as high as some folks on this board. We currently save 30% of our gross salary in pre-tax accounts. If we think about it in terms of what we take home (which is our salary minus the tax-adva...
by phinanciallyfit
Wed Feb 17, 2021 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: For those pursuing PSLF, would mass loan forgiveness change your approach?
Replies: 1
Views: 291

For those pursuing PSLF, would mass loan forgiveness change your approach?

This post is not about whether or not the government should provide mass student loan forgiveness to all borrowers with existing debt. I'm not interested in a policy discussion. Rather I'm curious if and how people think such forgiveness might impact their own financial planning around student loan ...
by phinanciallyfit
Mon Feb 15, 2021 11:51 am
Forum: Personal Consumer Issues
Topic: Renting a camper
Replies: 8
Views: 690

Re: Renting a camper

I used outdoorsy last summer and was happy with them. They are like AirB&B for RVs, so you can read reviews and see how this particular renter is. Some will keep there vehicle cleaner than others and offer more options than others as well. This is a referral link, so you should get $85 off (I th...
by phinanciallyfit
Wed Feb 10, 2021 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Loan to friend. Secure with second mortgage.
Replies: 81
Views: 4858

Re: Loan to friend. Secure with second mortgage.

If he is working full time hd pays at least $15.00 per hour minimum $500.00 per week SS minimum $1000.00 plus half for the wife $500.00 that is $3500.00 a month he does not need your money he needs help budgeting to start paying more than minimum on the card. Maybe he does not know he can just chip...
by phinanciallyfit
Wed Feb 10, 2021 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Loan to friend. Secure with second mortgage.
Replies: 81
Views: 4858

Re: Loan to friend. Secure with second mortgage.

This has been a great discussion so far. Thank you all for your input. The secured loan is obviously a bad idea. I will either just loan him the money interest free and ask him to pay me back when he sells the house, or I will gift him the money, or I will do nothing for now. You are clearly a good...
by phinanciallyfit
Wed Feb 10, 2021 3:23 pm
Forum: Personal Investments
Topic: On track to early retire in 10-15 years, how best to prepare?
Replies: 5
Views: 1466

Re: On track to early retire in 10-15 years, how best to prepare?

I am a newbie around here, so take what I say with a grain of salt. But, I'd suggest considering a 529 plan (or some other kids investmesnt plan, I dont know about all the options), even if it is simply used for gift money. We do not contribute our money to these accounts for our kids, but we do con...
by phinanciallyfit
Tue Feb 09, 2021 1:50 pm
Forum: Personal Consumer Issues
Topic: Sienna vs Odyssey
Replies: 41
Views: 3270

Re: Sienna vs Odyssey

Have you test driven them? I test drove (and tried out being a passenger) in the odyssey and found it horribly uncomfortable. I did not test drive the sienna. Both are reliable companies, so I'd aim for comfort!
by phinanciallyfit
Sun Feb 07, 2021 7:15 pm
Forum: Personal Consumer Issues
Topic: What's your Yearly Costco Spend?
Replies: 96
Views: 5475

Re: What's your Yearly Costco Spend?

Our spending is similar to yours, a little under $9000.... but this is the most we have ever spent at costco. This includes most of our gas (a bit low this year) and random other stuff like planters, garden soil, etc. We usually spend less, but the membership still pays for itself. We are a family o...
by phinanciallyfit
Sun Feb 07, 2021 6:58 pm
Forum: Personal Consumer Issues
Topic: What are your staple healthy meals?
Replies: 122
Views: 10057

Re: What are your staple healthy meals?

This is one of our all time favorites (it is vegan, but we top it with cheese). We usually do it as a taco salad. It freezes really well, so we quadruple the recipe for when we are busy. https://www.theppk.com/2011/05/ancho-lentil-tacos/ We also have been eating this every other week for about 7 yea...
by phinanciallyfit
Fri Feb 05, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment
Replies: 5
Views: 698

Re: Student Loan Repayment

People (myself included) in my life are in a different scenario regarding student loans in that we are not able to 100% pay them off right now. But regardless, I would at least wait to pay them off until the interest is no longer waived and leave the investment to grow until then. Currently, that wo...
by phinanciallyfit
Fri Feb 05, 2021 12:05 pm
Forum: Personal Consumer Issues
Topic: Mask filters?
Replies: 34
Views: 1874

Re: Mask filters?

We use these filters that we bought back in March. Personally, I am hesitant to buy this sort of thing on Amazon because I don't want to risk getting counterfeits.

https://fortressmask.com/
by phinanciallyfit
Fri Feb 05, 2021 8:09 am
Forum: Personal Investments
Topic: Best way to consolidating accounts from prior employers (403b, 457b, 401a, roth, rollover)
Replies: 8
Views: 589

Re: Best way to consolidating accounts from prior employers (403b, 457b, 401a, roth, rollover)

Some things to think about. Only the 401a plans are guaranteed to be ERISA Title I qualified for full anti-alienation asset protection. Most 403b plans are not ERISA plans. No 457b plans are ERISA plans. 401a/401k/403b in-service rollovers are allowed no later than age 59 1/2. 457b in-service rollo...
by phinanciallyfit
Thu Feb 04, 2021 3:52 pm
Forum: Personal Investments
Topic: Best way to consolidating accounts from prior employers (403b, 457b, 401a, roth, rollover)
Replies: 8
Views: 589

Re: Best way to consolidating accounts from prior employers (403b, 457b, 401a, roth, rollover)

Most 403B and 457B plans are tax exempt from federal taxes and you did not paid any taxes on it, however both of these plans may not be tax exempt from your state taxes and you might have paid taxes on it. All 401K plans are both federal and state exempt. You may combine your 403B and 457B plan int...