Recent content by VirginiaBob

  1. VirginiaBob

    Prudent to ignore contributing to an FSA account if large expenses

    I wish. Unfortunately, the FSA accounts rules aren't as liberal as they used to be. Now anything you buy has to have a prescription from your doctor. One thing that I thought about trying though was to get my doctor to tell me I need exercise, and then I'll hit him up for a note for a treadmill.
  2. VirginiaBob

    Prudent to ignore contributing to an FSA account if large expenses

    Good point on the social security - I think you are correct. Social Security plus Medicaire would be a 6.2% (or 4.2?) + 1.45% savings ($382.5 on $5000). So total advantage of $382.50 + whatever the $375 tax deduction works out to. So around $500-$600 savings to use the FSA. Still not sure...
  3. VirginiaBob

    Prudent to ignore contributing to an FSA account if large expenses

    Let's say I make $100K (adjusted gross) next year. If my planned medical expenses are greater than $12,500, does the FSA offer very little tax advantage? Note that the IRS currently allows you to deduct all medical expenses greater than 7.5% of your AGI. Consider the 2 examples below: Example...
  4. VirginiaBob

    ROTH TSP Option and Matching

    Ok, the rules have been posted. Here is the deal. Your contributions will be taxed before they are deposited in the Roth TSP account, but the matching contributions will be tax-deferred and placed in a "Traditional" TSP account. So essentially, you will have two TSP accounts going. See here...
  5. VirginiaBob

    ROTH TSP Option and Matching

    I think you probably missed the point of the question (probably my fault). Obviously I realize that either way we will be taxed on the matching contributions. The question that I am asking is whether we will get an increase in matching contributions based on the tax rules.
  6. VirginiaBob

    ROTH TSP Option and Matching

    Tom, Do you know if the new ROTH TSP Option will include a full 5% match for civilian federal employees? If so, I was thinking that it would be to our advantage since the match would be made after taxes getting taken out. Hence, we'd actually get a higher match. For example, if you are in...
  7. VirginiaBob

    McDuck's Post about 2008 Election

    Re: Greg's Post about 2008 Election With a Democrat controlled house and Senate, I see no problems with McCain siding against them and vetoing everything they do. We these morons (on both sides of the aisle), no action by our government is the best course of action. The problem with McCain...
  8. VirginiaBob

    House Democrats Contemplate Abolishing 401(k) Tax Breaks

    Saying that federal employees are overpaid is like saying that teachers are overpaid. Looking at salary.com, my salary is in the lowest 5% of salaries for my profession, but I'm not in it for the money. I'm happy to have my job and really enjoy what I do, and that is what it is all about. But...
  9. VirginiaBob

    12%ayear's Account Talk

    I disagree on using opinion to say, "We are in a recession". I think we have to stick to facts and use the actual definitions of a recession which says we need two consecutive quarters of negative GDP. So far, we haven't had one. I know we are in bad times, but let's not let the media hype it...
  10. VirginiaBob

    Another One of Our Great Leaders!

    Agreed, if you can't run your own family well, you shouldn't be allowed to run the rest of us. This goes for CEO's, Hollywood Actors, and sports stars also with the millions they get.
  11. VirginiaBob

    L Funds Beat Market Timers

    Another thing to consider is when this comparison is being made. Picking the point at the bottom of a bear market versus picking a point at the top of a bull market will change these results drastically.
  12. VirginiaBob

    VA Disability? " Reduced Social Security for You"

    With a Democrat controlled House and Senate, the onus of this lies on them.
  13. VirginiaBob

    hate to get political but this guy is sharp!!

    You must be only 7 years old then.
  14. VirginiaBob

    System Comments

    Fully agreed and to further that point, a good solution to an opposing discussion is simply agreeing to disagree. I hope all would follow this advice and not resort to personal attacks. ;) I also agree that I wish this site was 100% free and we all made oodles of money. Hopefully the market...
  15. VirginiaBob

    System Comments

    That's enough of this since I simply don't have the time. If you want to discuss my initial post, lets do so. If you feel you need to talk about how you percieve my emotions and your baseless assumptions, I simply don't have the time. Let me know when you want to have a real discussion. My guess...
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