Search found 10 matches

by investingfun
Sat Mar 06, 2021 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Latest $1.9 Trillion & Income Used for Eligiblity
Replies: 6
Views: 837

Latest $1.9 Trillion & Income Used for Eligiblity

Hey Folks,

With the latest $1.9 trillion stimulus package, what income levels are they going to use? Is it going to offer the opportunity to use 2021 income and get any eligible amounts when we file 2021 taxes? Our income is expected to be much lower in tax year 2021 vs. tax year 2020.
by investingfun
Sat Jan 09, 2021 7:58 am
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 336
Views: 39657

Re: What have you baked recently?

This is the best bread recipe. Our family LOVES this bread!

https://www.kingarthurbaking.com/recipe ... ead-recipe

I make it without these two ingredients:

1 tablespoon (8g) King Arthur Whole-Grain Bread Improver
1/2 cup (74g) Harvest Grains Blend
by investingfun
Wed Jan 06, 2021 7:31 am
Forum: Personal Finance (Not Investing)
Topic: W4 IRS calc | Why does it exclude health premiums?
Replies: 5
Views: 499

Re: W4 IRS calc | Why does it exclude health premiums?

But I thought employee paid health premiums were pre-tax deductions? The W4 wants Gross Wages to begin...less things like 401k and HSA contributions. But I thought employee paid health premiums also reduced your taxable income to arrive at your W2 income (eventually to a net taxable income). Health ...
by investingfun
Tue Jan 05, 2021 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: W4 IRS calc | Why does it exclude health premiums?
Replies: 5
Views: 499

W4 IRS calc | Why does it exclude health premiums?

Why does the W4 IRS calc exclude something like Health/Dental Premiums? Don't they reduce your taxable income? They ask for info like 401k and HSA contributions but I don't see where they ask for the employee premiums paid. Am I missing something with the tool or with the concept? https://www.irs.go...
by investingfun
Wed Dec 23, 2020 9:11 pm
Forum: Personal Investments
Topic: 401k and leaving employer
Replies: 19
Views: 984

Re: 401k and leaving employer

Thank you all for the quick thoughts!
by investingfun
Wed Dec 23, 2020 8:46 pm
Forum: Personal Investments
Topic: 401k and leaving employer
Replies: 19
Views: 984

401k and leaving employer

Hi Folks, I left an employer a couple months ago and have about $200k in a 401k. Are there any tax planning ideas that I should consider at this point? I'm 37. I believe expense ratio's are lower if I keep it in the 401k. From a legal standpoint, have I read 401k's are protected against bankruptcy a...
by investingfun
Sat Dec 19, 2020 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Child Tax Credits, AOTC, etc
Replies: 15
Views: 956

Child Tax Credits, AOTC, etc

Hi Folks, I'm trying to plan for the tax implications of my children aging out of our home. How should I plan for the impact of child tax credit, AOTC credits, etc? #1 Child Tax Credit | My understsanding is I'll lose the child tax credit in the year my child turns 17. #2 AOTC | This seems to apply ...
by investingfun
Tue Dec 15, 2020 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Health care expenses in retirement
Replies: 15
Views: 904

Re: Health care expenses in retirement

Thanks for the reply...I was looking to see what people were using more specifically rather than just generic figures portrayed in very high-level news articles.
by investingfun
Tue Dec 15, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Health care expenses in retirement
Replies: 15
Views: 904

Health care expenses in retirement

Hi, I'm late 30s and trying to project some kind of health care cost into my future, especially during retirement. What is the average retiree spending on health care in today's $$ so that I could at least make some kind of inflation assumption? I know there are many unknowns but trying to at least ...
by investingfun
Fri Oct 16, 2020 9:52 am
Forum: Personal Investments
Topic: Unexpectedly over roth limit this year..remove 2020 contributions?
Replies: 6
Views: 545

Re: Unexpectedly over roth limit this year..remove 2020 contributions?

Yeah, that's what I was thinking, recharacterize and backdoor or they could convert the excess contributions to a Trad IRA. We had this happen last year.