Search found 1521 matches

by theplayer11
Sat Apr 10, 2021 10:42 am
Forum: Personal Consumer Issues
Topic: Airline Miles - how to use?
Replies: 27
Views: 1788

Re: Arline Miles - how to use?

Bos, NY, MIA, CHI to Madrid in business class off peak only 64k avios points round trip on Iberia. Great value.
From Madrid, Ryan Air to your selected European city.
by theplayer11
Fri Apr 09, 2021 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Gold plan cheaper?
Replies: 22
Views: 2397

Re: Why is Gold plan cheaper?

are you saying I could pocket the difference between the bronze and silver plans for the rest of the year on next tax return? Yes, you would pocket the difference when you file your 2021 return. At 133% of federal poverty level you are expected to pay 0% of your income towards health insurance for ...
by theplayer11
Fri Apr 09, 2021 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Why is Gold plan cheaper?
Replies: 22
Views: 2397

Re: Why is Gold plan cheaper?

The 94% actuarial value is for a Silver plan with full cost sharing reductions. That's because the deductible and max oop for such a plan are so low that the plan will pay 94% of your costs on average. A Bronze plan pays 60% for comparison. The KFF calculator is great for figuring premium tax credi...
by theplayer11
Fri Apr 09, 2021 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Why is Gold plan cheaper?
Replies: 22
Views: 2397

Re: Why is Gold plan cheaper?

The 94% actuarial value is for a Silver plan with full cost sharing reductions. That's because the deductible and max oop for such a plan are so low that the plan will pay 94% of your costs on average. A Bronze plan pays 60% for comparison. The KFF calculator is great for figuring premium tax credi...
by theplayer11
Thu Apr 08, 2021 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Gold plan cheaper?
Replies: 22
Views: 2397

Re: Why is Gold plan cheaper?

It's called "silver loading". Basically, since assistance is based off the cost of a silver plan, insurance companies price Cost Sharing Reductions only into the silver plans. https://www.verywellhealth.com/silver-loading-health-insurance-premiums-4174119 The premium credits now apply acr...
by theplayer11
Thu Apr 08, 2021 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Gold plan cheaper?
Replies: 22
Views: 2397

Re: Why is Gold plan cheaper?

CSRs are built right into the plan. It looks to me like the Silver plan you list above has no CSR since the Max OOP and deductible are so high. Usually an exchange won't show plans with CSR unless you're eligible, so with all the recent changes you might not be seeing them yet. You might contact th...
by theplayer11
Thu Apr 08, 2021 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Why is Gold plan cheaper?
Replies: 22
Views: 2397

Re: Why is Gold plan cheaper?

CSRs are built right into the plan. It looks to me like the Silver plan you list above has no CSR since the Max OOP and deductible are so high. Usually an exchange won't show plans with CSR unless you're eligible, so with all the recent changes you might not be seeing them yet. You might contact th...
by theplayer11
Thu Apr 08, 2021 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Why is Gold plan cheaper?
Replies: 22
Views: 2397

Re: Why is Gold plan cheaper?

It's called "silver loading". Basically, since assistance is based off the cost of a silver plan, insurance companies price Cost Sharing Reductions only into the silver plans. https://www.verywellhealth.com/silver-loading-health-insurance-premiums-4174119 The premium credits now apply acr...
by theplayer11
Thu Apr 08, 2021 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Why is Gold plan cheaper?
Replies: 22
Views: 2397

Re: Why is Gold plan cheaper?

Artful Dodger wrote: Thu Apr 08, 2021 8:20 am Are they different companies?

You would still get cost sharing. It is based on the 2nd lowest cost silver plan, but would apply to all metallic levels.
yes same company. I thought cost sharing reductions were only for silver plans?
by theplayer11
Thu Apr 08, 2021 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Why is Gold plan cheaper?
Replies: 22
Views: 2397

Why is Gold plan cheaper?

These 2 plans are on my state exchange. Both HMOs, same network, same Drs and hospitals. Gold costs $1,158/mth(2 people) Silver costs $1,167 Gold: Ded-$2,500, $5k family Max out of pocket - $5k, 10K Hospital visit - only ded applies ER-$350 outpatient - 0% after ded Silver:(2nd lowest silver plan) D...
by theplayer11
Wed Apr 07, 2021 6:16 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17574

Re: ACA subsidy cliff now going away! Yay!

looks like my state won't allow plan changes. With a much higher tax credit, only makes sense to get a better plan, but not allowed.
by theplayer11
Sat Apr 03, 2021 11:21 am
Forum: Personal Consumer Issues
Topic: Landscape design plans
Replies: 12
Views: 1092

Re: Landscape design plans

a local nursery can tell you what to plant and where, but if you need a more complicated plan, hiring a landscape architect is money well spent.
by theplayer11
Thu Apr 01, 2021 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy and 2021 unemployment income
Replies: 6
Views: 455

Re: ACA subsidy and 2021 unemployment income

maybe not updated yet? My take is same as yours, any unemployment and full subsidy. I predict this will be widely abused.
by theplayer11
Thu Apr 01, 2021 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when it's the IRS's fault? S-Corp Election
Replies: 6
Views: 425

Re: What to do when it's the IRS's fault? S-Corp Election

scorp is pass through, it doesn't owe taxes. Your estimated taxes would be paid using your ss #.
by theplayer11
Tue Mar 30, 2021 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to prove PPP Loan used for payroll? Sole Proprietor
Replies: 28
Views: 1778

Re: How to prove PPP Loan used for payroll? Sole Proprietor

Similar for me. BOA requested: “Invoice, bank statement, or book of record establishing the borrower was employed in 2019” “2020 invoice, bank statement, or book of record establishing the borrower was in operation on February 15, 2020” “Loan Forgiveness supporting documentation to support: Eligibl...
by theplayer11
Tue Mar 30, 2021 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to prove PPP Loan used for payroll? Sole Proprietor
Replies: 28
Views: 1778

Re: How to prove PPP Loan used for payroll? Sole Proprietor

I'm a sole prop with a small PPP loan and no employees. The SBA requested the following from me for forgiveness: 1. Documentation supporting the certification that annual salaries or hourly wages were not reduced by more than 25 percent during the Covered Period or the Alternative Payroll Covered P...
by theplayer11
Tue Mar 30, 2021 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to prove PPP Loan used for payroll? Sole Proprietor
Replies: 28
Views: 1778

Re: How to prove PPP Loan used for payroll? Sole Proprietor

For the $20,833 "first draw" PPP that I received last year, I: • opened a new business checking account, instead of commingling the loan funds with my existing business checking account • transferred $8,333 from said account to my personal checking account each month starting with the mon...
by theplayer11
Tue Mar 30, 2021 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Moving to hometown?
Replies: 25
Views: 1881

Re: Moving to hometown?

with kids you can cross of the need for your big city bars :D
by theplayer11
Tue Mar 30, 2021 6:48 am
Forum: Personal Finance (Not Investing)
Topic: 200k Where do I put it for 12 months
Replies: 23
Views: 2634

Re: 200k Where do I put it for 12 months

Cesareoden wrote: Mon Mar 29, 2021 8:23 pm The 2% is at East Boston Savings Bank (MA) It was definitely 2% 6 months ago, but now I’m questioning it. Will check it out tomorrow.
website shows .08% for business savings and .26% for personal money market
.26% for personal ultimate savings(requires new money)
by theplayer11
Mon Mar 29, 2021 11:55 am
Forum: Personal Finance (Not Investing)
Topic: 200k Where do I put it for 12 months
Replies: 23
Views: 2634

Re: 200k Where do I put it for 12 months

2% where? sure it isn't .2%?
by theplayer11
Sat Mar 27, 2021 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 420
Views: 51143

Re: Tales from this insane real estate market

It's an insane real estate market - my older suburb (no open space for new houses unless one burns down) is considering allowing the sale of a commercial zoned plot of land to a housing developer. The old building on the land has not attracted a buyer (or a business to lease the space) in 5 years (...
by theplayer11
Thu Mar 25, 2021 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 363
Views: 25977

Re: [Third stimulus payment - mega-thread]

I have elderly relaties that do not file tax returns but get their Social Security direct deposited, they did not use the Get My Payment tool for the first 2 rounds. They recevied their first 2 stimulus payments via direct deposit to the same bank account they receive their Social Security. They ha...
by theplayer11
Wed Mar 24, 2021 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 420
Views: 51143

Re: Tales from this insane real estate market

baconavocado wrote: Tue Mar 23, 2021 8:36 pm We once bought a house in this type of market and it didn't appreciate at all for 10 years. The value actually fell for several years during that decade.

I would sit out the market and rent for a year or two.
probably right, but if this is your final house, appreciation doesn't really matter.
by theplayer11
Mon Mar 22, 2021 5:45 pm
Forum: Personal Consumer Issues
Topic: Dealing with an extremely weird seller
Replies: 34
Views: 3864

Re: Dealing with an extremely weird seller

so the guy has a shop, but doesn't price anything?
by theplayer11
Sun Mar 21, 2021 5:35 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17574

Re: ACA subsidy cliff now going away! Yay!

how would it work if spouse was unemployed in 2021 and we both had a market place plan but I was listed as the main account holder?
by theplayer11
Sat Mar 20, 2021 6:00 am
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 363
Views: 25977

Re: [Third stimulus payment - mega-thread]

my 2 kids in their 20’s both received stimulus by dd on march 17. They had both filed 2020 tax returns and received refunds. Same for wife and I.My 86 year old father who lives on ss did not receive his and nothing pending. He is the only 1 of the above who actually could use a stimulus check. You w...
by theplayer11
Sun Mar 14, 2021 6:08 am
Forum: Personal Finance (Not Investing)
Topic: SEP IRA and health ins. tax question for S-Corp
Replies: 12
Views: 665

Re: SEP IRA and health ins. tax question for S-Corp

Tell him you’re severing the relationship because he is dead wrong
by theplayer11
Sat Mar 13, 2021 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17574

Re: ACA subsidy cliff now going away! Yay!

1) SLCSP for us is $33163 2) Let's say our MAGI is $90k - Our required contribution is $7650 3) So, this fixes our tax credit to $22513 (roughly $2126/month) The Bronze plans range from $1355-1668/month. We are on the lowest cost one with a $17100 deductible. With the tax credit, our premium cost w...
by theplayer11
Sat Mar 13, 2021 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17574

Re: ACA subsidy cliff now going away! Yay!

The federal web site is definitely set up for the open enrollment period (now thru May 15). Not sure about other states. This is independent of the April 1 start for re-doing application to get increased tax credit. It is not clear to me that it is a no brainer to switch to a silver plan. While the...
by theplayer11
Sat Mar 13, 2021 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated taxes for S-Corp Owner
Replies: 6
Views: 444

Re: Estimated taxes for S-Corp Owner

I do what MPS123 suggested. I don't like paying estimated taxes so I just withhold more when running my payroll. You need to have a rough grasp on what your income will be for the year. If you are making more than anticipated, just withhold more from your salary.
by theplayer11
Fri Mar 12, 2021 6:32 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17574

Re: How will the new stimulus bill affect the ACA "cliff"

dcop wrote: Thu Mar 11, 2021 9:52 pm This thread is the first I've hear about the ACA subsidies in the stimulus. So to keep my question simple can we expect the marketplace to adjust our premiums next month?
in my state they are adjusting starting with May invoice and crediting back to Jan 1.
by theplayer11
Wed Mar 10, 2021 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth building your dream house?
Replies: 109
Views: 7046

Re: Is it worth building your dream house?

I think a lot of it depends on your age and especially the location. Wife and I plan to build in 3 years, I would be 59 years old. It would be on an adjacent lot with a water view. Current house is 2,800 Sqft. New house would be smaller, how much so still undecided. We would prefer the new house to ...
by theplayer11
Wed Mar 10, 2021 7:45 am
Forum: Personal Finance (Not Investing)
Topic: HSA through my job is so confusing.
Replies: 10
Views: 1061

Re: HSA through my job is so confusing.

your example HSA plan has a lower deductible which is uncommon. So if you will use more than the $2,500 deductible, you will be making out with the HSA plan. Also factor in the deductibility of your HSA contributions. At 22% bracket, a family contribution of $7,200 will save you $1,584. In a healthy...
by theplayer11
Fri Mar 05, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: PPP forgiveness for S Corp owner's salary
Replies: 26
Views: 1522

Re: PPP forgiveness for S Corp owner's salary

Go for it. You can alway pay it back if you end up not needing it. I applied for it and got it in the bank this morning. Loan is $6,042. I showed my accountant my financials from 2019 vs. 2020, as well as what's going on this year, and he said I should have no problem with forgiveness. The big thin...
by theplayer11
Fri Mar 05, 2021 8:46 am
Forum: Personal Finance (Not Investing)
Topic: PPP forgiveness for S Corp owner's salary
Replies: 26
Views: 1522

Re: PPP forgiveness for S Corp owner's salary

Go for it. You can alway pay it back if you end up not needing it. I applied for it and got it in the bank this morning. Loan is $6,042. I showed my accountant my financials from 2019 vs. 2020, as well as what's going on this year, and he said I should have no problem with forgiveness. The big thin...
by theplayer11
Fri Mar 05, 2021 7:23 am
Forum: Personal Investments
Topic: Advice for daughter on financial adviser
Replies: 36
Views: 3700

Re: Advice for daughter on financial adviser

best advice you can give your daughter is for you to tell her about this site.
by theplayer11
Thu Mar 04, 2021 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Loan
Replies: 7
Views: 713

Re: PPP Loan

not sure what you mean by getting a PPP loan based on 2018 taxes. First draw was based on 2019. I'm not sure how you received a 1st round PPP loan as an scorp with no payroll in 2019. You must show a 25% decline in sales in any quarter of 2020 compare to 2019 for the second draw PPP. first draw was...
by theplayer11
Thu Mar 04, 2021 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Loan
Replies: 7
Views: 713

Re: PPP Loan

not sure what you mean by getting a PPP loan based on 2018 taxes. First draw was based on 2019.
I'm not sure how you received a 1st round PPP loan as an scorp with no payroll in 2019.
You must show a 25% decline in sales in any quarter of 2020 compare to 2019 for the second draw PPP.
by theplayer11
Wed Mar 03, 2021 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Urgent Care bill - does this seem high?
Replies: 44
Views: 2453

Re: Urgent Care bill - does this seem high?

It's not at all high as a chargemaster rate. This is the weird rate that hospitals bill at. With normal insurance, the bill goes to a private insurer who pays a negotiated rate that is typically on the rough order of 1/4 to 1/2 of the chargemaster rate, or the bill goes to Medicare who pays the Med...
by theplayer11
Wed Mar 03, 2021 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Urgent Care bill - does this seem high?
Replies: 44
Views: 2453

Re: Urgent Care bill - does this seem high?

Rex66 wrote: Wed Mar 03, 2021 4:32 pm sounds fairly cheap
+1
by theplayer11
Tue Mar 02, 2021 1:51 pm
Forum: Personal Consumer Issues
Topic: Personal trainer on Zoom: good idea? And if so how much should I pay?
Replies: 30
Views: 1740

Re: Personal trainer on Zoom: good idea? And if so how much should I pay?

just youtube a workout and do it. People don't need a gym or personal trainer to stay fit. Fitnessblender.com is a good start.
by theplayer11
Sun Feb 28, 2021 8:30 am
Forum: Personal Finance (Not Investing)
Topic: When Credit Card Fraud Happens Stay on Top of It!
Replies: 52
Views: 4995

Re: When Credit Card Fraud Happens Stay on Top of It!

whodidntante wrote: Sun Feb 28, 2021 12:46 am Pizza Hut? Your thief has poor taste in pizza.
right, could have eaten anywhere for free and they chose Pizza Hut.. lol
by theplayer11
Sat Feb 27, 2021 8:41 pm
Forum: Personal Consumer Issues
Topic: Unclogger-Drain Cleaner
Replies: 40
Views: 2530

Re: Unclogger-Drain Cleaner

plunger has worked for me many times.
by theplayer11
Sat Feb 27, 2021 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: FreeTaxUSA forcing recharcarization as tax deferred
Replies: 12
Views: 765

Re: FreeTaxUSA forcing recharcarization as tax deferred

Post the question to freetaxUSA,they are pretty good st responding
by theplayer11
Sat Feb 27, 2021 7:57 am
Forum: Personal Finance (Not Investing)
Topic: So... are people getting a letter from the IRS as a FYI that you got your second stimulus?
Replies: 41
Views: 3536

Re: So... are people getting a letter from the IRS as a FYI that you got your second stimulus?

A coworker and I were talking about needing the letters for tax filing, and it dawned on us that while we'd both received a letter with the first stimulus, we hadn't seen one for the second; money just showed up in our accounts in early January. Yesterday, the letter arrived. P.S. It is getting to ...
by theplayer11
Fri Feb 26, 2021 12:07 pm
Forum: Personal Consumer Issues
Topic: Solar...what am I missing?
Replies: 109
Views: 8228

Re: Solar...what am I missing?

to each their own..I have over 4 acres of meadow and people always ask me why I don't put up some panels. I would never even consider it no matter the savings simply because of losing the natural beauty of the land. Same for my house.
by theplayer11
Fri Feb 26, 2021 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: So... are people getting a letter from the IRS as a FYI that you got your second stimulus?
Replies: 41
Views: 3536

Re: So... are people getting a letter from the IRS as a FYI that you got your second stimulus?

UnLearnYourself wrote: Fri Feb 26, 2021 11:04 am I just got one. Was anxious we were about to get audited before I opened it!
yes, IRS on the envelope always makes me anxious
by theplayer11
Thu Feb 25, 2021 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: PPP forgiveness for S Corp owner's salary
Replies: 26
Views: 1522

Re: PPP forgiveness for S Corp owner's salary

I am wondering this as well. I own a small solo law practice. Some of my colleagues think I’m an absolute moron for not already getting a PPP loan. My practice is part time and I pay myself a $30k salary and usually a $30-40k distribution. I am the only employee. Seems like there is $20,000 in free...
by theplayer11
Thu Feb 25, 2021 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: PPP forgiveness for S Corp owner's salary
Replies: 26
Views: 1522

Re: PPP forgiveness for S Corp owner's salary

I recently received a 2nd draw PPP loan for my small business, an S Corp for which I'm the owner. I understand that the maximum S corp owner's salary that can be forgiven is a salary of $20,833 for a 24 week covered period. Fr forgiveness purposes, does it matter how I take this salary during the c...