When you play the game of loans, you win or you die.

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > When you play the game of loans, you win or you die.

SiGmA_X: May 3, 2004; SiGmA_X

Shipon posted:

Sounds like they should rethink the whole thing if they're wavering on the financial feasibility of the ring while caving into demands. Surely their marriage will start off well given resentment for spending $5k on a ring.

Buddy got into this situation. He's debt free tho. Now that he makes 80k/yr, wifey stays at home and spends them to $0 every month. Be careful OP, you guys aren't on the same page at all.

# ¿ Apr 29, 2014 04:56

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# ¿ May 13, 2024 01:54

SiGmA_X: May 3, 2004; SiGmA_X

CountOfNowhere posted:

He's not debt free, he's got his sweet whips!

Sorry, previously debt free, my bad. Debt free for a decade plus! Wifey talked him into it, they deserve new cars. Thankfully they purchased 6-8yr old 335s and Touareg's, but regardless.

And a kid popped out a couple weeks ago!

# ¿ Apr 29, 2014 06:32

SiGmA_X: May 3, 2004; SiGmA_X

Nocheez posted:

I disagree with this statement. The ring is hardly worth what you pay for it, and insurance is just another expense that most likely will never be used. Save that money and take care of your belongings.

Really? How much is ring insurance? My folks have a pretty expensive ring as a rider on their home owners insurance and it was very much worth it when my mom lost it.. And if she hadn't lost it, it's a tiny fraction of the cost. They decided a low double digit annual cost was a lot easier to stomach than many tens of thousands. Maybe prices are way off and poors get shafted? According to my agent (so, for a poor who rents) it's pretty drat cheap, too...

Velochis posted:

Contributing via paycheck deductions means you don't pay FICA taxes. I wouldn't follow this advice unless flexibility is worth a 6% tax to you.

You get FICA reimbursed when you file taxes. Yes you pay more up front but you get made whole.

# ¿ Apr 30, 2014 19:16

SiGmA_X: May 3, 2004; SiGmA_X

mkay0 posted:

Maybe I am misunderstanding your post, but by doing this, you are missing out on the best part of an HSA, the fact that you can contribute gross income if you do a fixed amount with your employer. It lowers your yearly gross just like a 401(k), so it can potentially keep you out of the higher tax bracket.

~~You're missing out on the fact that it's the exact same either way, it's just a timing difference. So yes, you pay more up front, and get 'reimbursed' at tax time.~~

YourHSAAdmin.com says this is wrong. Thank you SO much PayFlex, you people rock! Facepalm. Sorry for making an inaccurate post!

SiGmA_X fucked around with this message at 03:59 on May 1, 2014

# ¿ Apr 30, 2014 19:37

SiGmA_X: May 3, 2004; SiGmA_X

Guinness posted:

You only get reimbursed on federal income tax if you do post-tax contributions, though, not on FICA (Social Security & Medicare). It's a small difference, but it is leaving money on the table. I'm trying to push my company to set up payroll deductions for for that reason, but for some reason they can't do it yet. I've had to do post-tax contributions the past couple years and the deduction come tax time still ends up reimbursing a sizable number of dollars, like $900 for the max contribution.

Unless everything I've read is wrong.

You're probably right, my researched ended with calling PayFlex and them telling me FICA was reimbursed. I should do some googlin'.

E: See prior post, I am wrong, you are right. gently caress you PayFlex.

SiGmA_X fucked around with this message at 03:59 on May 1, 2014

# ¿ May 1, 2014 03:57

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > When you play the game of loans, you win or you die.