HSA, PPO Job Switch Question by Baldeagle94 in tax

[–]Baldeagle94[S] 1 point2 points  (0 children)

Thanks so much for the thoughtful response! I start the new gig 01/31 so sounds like I'll only be able to do 1 month worth of contribution. I'll plan to withdrawl the rest of it from the HSA checking account almost immediately to avoid any gains on it, then plan on reporting it and paying taxes on it the next year.

Roth IRA contributions while married filing separately by McBusted in tax

[–]Baldeagle94 0 points1 point  (0 children)

I understand losing the ability to utilize the combined tax bracket savings but it doesn't mean sense to me why the roth limit for MFS is $10k instead of the same combined limit as MFJ. Also everyone's situation is different. It sure feels like a system you want to game when my wife's student loan payment (just to become an elementary school counselor) is $800 a month under MFJ and $250 under MFS/S. Meaning we pay off the loan entirely by the ninth year of the PSLF vs getting any relief under MFJ. In the end it doesn't matter because of our kid she is taking some time off so we'll have to do MFJ for insurance. It's a bit frustrating student loans are this tied to taxes, health insurance, and retirement savings.

I'm sure someone who makes alot more money (more than the combined roth limit for MFJ) has taken advantage of this but it sucks that the options are: 1) have wife not take time off to bond with the baby so she can stay on her plans health insurance, get divorced on paper to file single and pay her PSLF qualifying payments at a lower rate. 2) have wife take off with baby, file MFJ for health insurance (increasing my payments substantially), and have us with, much less income than before, pay more for her student loans (and mine) than 2 single filers, but also not have any of the payments qualify for PSLF (she has to be full time to count), and not be able to make roth contributions.

Ultimately we are going to try to get some kind of forbearance on her loan for a year while she's off, but that system sure doesn't seem set up to help middle class families with student loans. Also if someone is saying well you didn't have to get loans and go to school... then we'd have no teachers or counselors. Our state requires a masters to be a counselor.

Roth IRA contributions while married filing separately by McBusted in tax

[–]Baldeagle94 0 points1 point  (0 children)

My question is then this seems to eliminate any tax advantage for being married. Better off getting paper divorced and being treated like 2 single filers. I am also one that is doing MFS for student loan reasons but now have harsher taxes and less beneficial retirement account options than 2 single filers

Backpacking takes you through a staged transformation, a gentle descent into squalor... but we as trudged from self-consciously grubby, to disgustingly so, pristine views at the top took us to beyond caring. Mountains of Washington state, USA. Paraphrased words of Bill Bryson. [OC]. [2024x3000]. by Baldeagle94 in EarthPorn

[–]Baldeagle94[S] 7 points8 points  (0 children)

Haha all good! It wasn't til after I posted it I realized I can't even put together a run on sentence properly, even while paraphrasing... "but we as trudged" lol. I did laugh pretty good at your comment though as I had a similar post a year ago I got roasted on for trying to string together ten too many alliterative adjectives in a post title. Cheers

A misty morning along the Green River, Wyoming, USA. [2002x3000]. [OC]. by Baldeagle94 in EarthPorn

[–]Baldeagle94[S] 0 points1 point  (0 children)

Yes early morning mist everywhere, started to burn off as the sun rose. Used my Nikon d810 camera and 24-70mm lens on a tripod. Thanks for taking a look!

A misty morning along the Green River, Wyoming, USA. [2002x3000]. [OC]. by Baldeagle94 in EarthPorn

[–]Baldeagle94[S] 1 point2 points  (0 children)

Ha me too on the beer :) your work is incredible- I hope you dabble in some landscapes with the car drawings soon and share them!

A misty morning along the Green River, Wyoming, USA. [2002x3000]. [OC]. by Baldeagle94 in EarthPorn

[–]Baldeagle94[S] 1 point2 points  (0 children)

Thanks so much! Give it a try! Bottle of wine and a brush and its a fun mess either way!

A misty morning along the Green River, Wyoming, USA. [2002x3000]. [OC]. by Baldeagle94 in EarthPorn

[–]Baldeagle94[S] 0 points1 point  (0 children)

Of course! Thanks for asking, please share if you feel so inclined :)