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Messages - Joe4007

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1
Destination Guides And Trip Planning / Re: Colorado Master Thread
« on: August 05, 2020, 01:01:36 PM »
Is there anywhere in the rockies with a Kosher infrastructure in a few weeks, that if I wanted to go, I wouldn't have to schlep food?

Open to any nice high elevation place.
https://www.kmrtours.com/grand-hyatt-vail/

2
General Discussion / Re: Dave Ramsey Plan
« on: August 02, 2020, 07:03:20 PM »
I stand corrected. It does depend on income

https://www.irs.gov/retirement-plans/plan-participant-employee/2020-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions-if-you-are-covered-by-a-retirement-plan-at-work

Household income would need to be under $104,000 to make it fully deductible.

But now going back to ACA eligibility, I am not sure that it would be treated any different than on the tax side.
Well, it explicitly says no work retirement account and they're pretty much talking about households earning less than 104k.

3
General Discussion / Re: Dave Ramsey Plan
« on: August 02, 2020, 06:46:20 PM »

4
General Discussion / Re: Dave Ramsey Plan
« on: August 02, 2020, 06:42:07 PM »
That's pretty obvious. That is also how it works on the taxation end.
That depends on your income. You could do both up to a certain threshold.

5
General Discussion / Re: Dave Ramsey Plan
« on: August 02, 2020, 06:28:57 PM »
It looks somewhat confusing when viewing on a mobile browser, but looking at it on a desktop browser there is no confusion whatsoever in my mind.

And

is accurate.

https://www.healthcare.gov/reporting-deductions/



Also see:
http://laborcenter.berkeley.edu/pdf/2019/magi.pdf (attached to this post)
According to what you highlighted, you can only deduct IRA contributions if you don't have a work retirement account, so again no 401k AND IRA.

6
General Discussion / Re: Dave Ramsey Plan
« on: August 02, 2020, 10:57:49 AM »


Based on https://www.healthcare.gov/glossary/modified-adjusted-gross-income-magi/

IRA contributions do not get added back to AGI to arrive at MAGI for ACA.

That seems to be a fairly basic description of MAGI. If you dig a little deeper, you get to https://www.healthcare.gov/reporting-deductions/ which suggests you do have to include IRA contributions as income.

7
General Discussion / Re: Dave Ramsey Plan
« on: August 02, 2020, 03:03:59 AM »
IRA limit increased to 6k, or 12k per couple.

Many people in this situation have access to a 401k, with a contribution limit of 19.5k. You can lower income by up to 31.5k, that should be more than enough to get off of programs.
CMIIW, but I believe NY State of Health uses MAGI which includes IRA contributions.

8
Destination Guides And Trip Planning / Re: Monroe/ Kiryas Joel
« on: July 21, 2020, 11:47:15 AM »
Chevron Road in KJ, or Hudson Pointe in Woodbury Junction.

9
Just Shmooze / Re: Word/phrase of the year 2020 edition
« on: June 19, 2020, 08:19:19 PM »
WFH.

10
Doesn't make sense to me. You're and hour or two away from the park and a few more from most interesting spots.
...says the guy driving 30 hours to get there  :D

11
Credit Cards / Re: Membership Rewards
« on: May 13, 2020, 06:58:46 PM »


Yes open first the new account should be linked immediately.
Then you can close the biz green and still keep your MR.
On a different note I whould recommend the Blue Business Plus over the everyday card.
Thanks. Was looking for a personal card, that's why I chose the Everyday.

Weird thing actually happened, I got the not eligible for welcome offer pop up on the Everyday, so tried the Everyday Preferred and didn't get the pop up even though I've never had either of those cards.

12
Credit Cards / Re: Membership Rewards
« on: May 13, 2020, 04:08:03 PM »
Do CC's under the same SS always get the same MR account? I want to open an Everyday and close a Green Business and want to ensure my points remain alive.

13
Just Shmooze / Re: How much milk do you have in your fridge?
« on: May 13, 2020, 09:49:36 AM »
Yep. Been having too many banana smoothies lately...

14
Those are the ones I feel bad for.
If my two kids who are making a little bit more than working told me they weren't going to go back to work they would be kicked out of the house.
Now it makes sense. They know you well enough to tell you their itching to get back to work :)

15
Friend in KJ. Last week.

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