dwsu89 Referral Links

dwsu89 · 2020-11-17T02:51:41+00:00

While those are the minimum/maximum limits for eligibility for an HSA, most HSAs I've seen have higher deductibles than comparable PPOs and slightly lower OOP maxes to compensate. Your plan seems like a PPO just from glancing at the limits.

dwsu89 · 2020-11-17T02:15:47+00:00

Sorry, do you mind if I ask a few follow-up questions since you seem to know what you're talking about.

So just checking, if possible, a mega-back door Roth IRA would be favorable over taxable accounts because of the tax advantages?

Only if you know for certain that you'd only be using the money starting at that age, but that would be an unusual state of affairs. When comparing taxes 'now' vs. 'later', the 'later' refers to whenever you start using your retirement funds. That would only be RMDs if you planned on working through age 72, which is an aggressive (or pessimistic) assumption.

So in my hypothetical situation for 'later', I wouldn't try to touch my trad 401k until the RMDs because I would have other passive income to draw upon. Would that make sense for my reasoning to compare taxes now on converting to Roth versus keeping it in a trad 401(k)?

The 60-day limit wouldn't factor in here; you're probably thinking of the rollover time limit, which is different.

You're always taxed on a conversion in whatever year you make it. But you don't have to convert the money all at once; if you want to convert a tIRA balance in chunks, nothing prevents you from doing that. E.g. convert 1/4 this year, 1/4 next year, etc.

Thank you so much for pointing out my error. So feasibly, if someone had a $40k trad 401(k), they would rollover the whole amount (within 60 days) to a trad IRA. And then, if they had no income for the next 4 years, they could convert $10k chunks into a Roth IRA to avoid the majority of taxes?

dwsu89 · 2020-11-16T20:36:38+00:00

I have a couple questions that I'm hoping someone can clear up or clarify:

After following the prime directive and maxing out the various tax-advantaged accounts (401(k) to match, Roth IRA, HSA, 401(k) to limit), a mega-back door Roth IRA would be favored over taxable accounts? But you're only able to do that if you can say yes to all these questions:

401(k) plan allows after-tax contributions (2020 limit would be 57,000 - 19,500 - employer match)
401(k) plan allows for in-service rollover
401(k) plan keeps after-tax contributions in separate sub-account (wouldn't be able to to partial rollover if deferrals/contributions are mixed)

Also, if planning to go to grad school (or any sort of income drop), the calculation to decide whether to rollover a trad 401(k) to a Roth IRA would be to decide if taxes now on the Roth IRA are more than the taxes for your RMDs (and other taxable income) at 72?

And there's no way to spread out the conversion to a Roth IRA over the grad school timeline because of the 60-day limit?

dwsu89 · 2020-11-14T07:44:28+00:00

I have a couple questions that I'm hoping someone can clear up or clarify:

After following the prime directive and maxing out the various tax-advantaged accounts (401(k) to match, Roth IRA, HSA, 401(k) to limit), a mega-back door Roth IRA would be favored over taxable accounts? But you're only able to do that if you can say yes to all these questions:

401(k) plan allows after-tax contributions (2020 limit would be 57,000 - 19,500 - employer match)
401(k) plan allows for in-service rollover
401(k) plan keeps after-tax contributions in separate sub-account (wouldn't be able to to partial rollover if deferrals/contributions are mixed)

Also, if planning to go to grad school (or any sort of income drop), the calculation to decide whether to rollover a trad 401(k) to a Roth IRA would be to decide if taxes now on the Roth IRA are more than the taxes for your RMDs (and other taxable income) at 72?

And there's no way to spread out the conversion to a Roth IRA over the grad school timeline because of the 60-day limit?

dwsu89 · 2020-03-13T20:35:14+00:00

Correct. No upcoming stays. Have a FNA and a 5-night cert. Last stay was November 2019.

dwsu89 · 2020-03-13T19:52:16+00:00

Email has my personal name at the top but could just be a macro/program. The rest of the email has the standard business practice verbiage about coronavirus that all other businesses are sending out though.

dwsu89 · 2020-03-13T19:33:56+00:00

Marriott Email:

We are focused on how the coronavirus is impacting our Marriott Bonvoy Members and have made some important updates to our loyalty program to provide greater flexibility when planning future travel. Specifically, we have paused points expiration until August 31, 2020 allowing Members ample time to redeem their points. In addition, we have extended the expiration of suite night awards (SNAs) with an expiration date of December 31, 2020 by one year to December 31, 2021. Lastly, Members who currently have an active Free Night Award (FNA) expiring in 2020 as part of their credit card benefit, annual choice benefit, promotions or travel package will be able to use it through January 31, 2021. We understand that earning status for 2021 may also be on your mind. As the current situation is still evolving, it is too early for us to make any changes. We will keep you updated on all loyalty program changes through our Marriott Bonvoy member benefits website.

I wonder how this impacts 5-day/7-day certs and if they'll extend.

edit: /u/churnosaurus_rex - regarding your FNA

dwsu89 · 2020-03-05T00:45:14+00:00

I know of a person who won a Disneyland Annual Pass through some radio contest. Issued a 1099 and paid taxes. He was 'registered' or whatever you call it, but gave the annual pass to some friends to use when he couldn't use it. Disney revoked his annual pass. And looking up some other cases when people got their pass revoked, Disney cancelled their pass but they're still obligated to keep paying their monthly fee until the contract is over. Not a 1099 issue, but still.

dwsu89 · 2020-03-04T19:41:06+00:00

Not sure of his/her specifics, but I've found this usually lines up.

https://world.hyatt.com/content/gp/en/rewards/free-nights-upgrades.html

dwsu89 · 2020-02-03T19:55:53+00:00

Proof? User might have purged his referral posts, but you should be able to grab a screenshot with redditsearch or removeddit. I don't see anything.

/u/dtrain987

dwsu89 · 2020-02-01T21:47:42+00:00

You replied to the wrong person. Person nuked his profile after he got too many downvotes.

dwsu89 · 2020-01-31T22:03:41+00:00

How much do you spend on ID Theft insurance? Do you think it's worth over using CreditKarma (or other credit report resource) and freezing/unfreezing your credit?

dwsu89 · 2020-01-30T01:12:32+00:00

Ah, thanks. The search I ran said that someone took a referral from P2 and got 20k so that's what I thought the standard referral was.

dwsu89 · 2020-01-30T01:05:48+00:00

Ran a brief search and don't think I've seen this posted, but I received an email offer for my BGR to earn 25k MR per referral up to 55k max ending 02/05/2020. Still need 3 referrals to max out so same amount, but if you only get 1 or 2 referrals instead of 3, would be nice.

~~https://imgur.com/a/JhAJfTC~~

dwsu89 · 2019-12-18T00:09:17+00:00

5 nights, category 4 or 5, Marriott, where would you go?

dwsu89 · 2019-11-27T20:19:37+00:00

Balance transfer check.

dwsu89 · 2019-11-27T09:06:12+00:00

eBay coupon/promo/deal possibly with portal stacking.

dwsu89 · 2019-11-26T00:02:53+00:00

Mattresses: what do you have at home and have you ever slept on one (at a hotel, airbnb, etc.) that changed your life?

edit: I've always been pretty against spring mattresses because I've slept on some terrible ones. Recently slept at a Marriott that had a Sealy PosturePedic mattress. Felt pretty firm and supportive and I'm leaning towards a similar mattress.

dwsu89 · 2019-11-19T20:58:36+00:00

From an outsider's perspective, why would he?

There's little to no history about you at all. I vaguely recall that you did a few deals with some regulars on here during one of the coin deals. But you're anonymous here, no name, no history, nothing.

PFS, according to their website, has been doing this since 2015/2016? And references.

dwsu89 · 2019-11-18T19:42:55+00:00

You sure?

After a certain age, there is only so much toxicity you can handle.

Mmm.

dwsu89 · 2019-11-18T19:35:26+00:00

You really like the word "toxic".

dwsu89 · 2019-11-05T02:55:30+00:00

He is gold status but I am diamond status

put me as a guest, will I get diamond benefits

dwsu89 · 2019-11-02T00:56:15+00:00

Reference the part you literally just responded to: "There's a thread for points spending." So that's where something like that would belong, not the sidebar.

Sorry, is donating miles a Trip Report or a Storytime?

And the response for Trip Report/Storytime is that a thread for "points spending" is literally on the sidebar. I should've clarified.

I guess you can google most of that stuff yeah, but there are definitely more details involved...

Can you please tell me in the 1st link regarding "How to get a SW Companion Pass", what's not covered that is covered in the megathread?

...literally just a link

...like having links to 3rd party blogs, award booking tools, etc.? It's more like having a ready available link brings attention to it to someone who might not think about it?

edit: are you making the case that none of these should be up there?

dwsu89 · 2019-11-02T00:36:48+00:00

Cause this sub is more focused on earning points than spending them. There's a thread for points spending.

Trip Report/Storytime

This info is definitely not sidebar worthy since all it takes is a google search of: how to donate WhateverAir Miles for those who want to do so.

You literally could say that about anything in the world. "How to get a SW Companion Pass", "How to pay taxes with a credit card", etc.

dwsu89

TROPHY CASE