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Old 10-22-2012, 03:25 PM   #21
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So that means I need to work long enough next year to make $24,000, plus whatever little bit my employer might contribute. Or $25,000 if I get the extra $1,000 for being over 55.

Not bad planning. April 1 is my target date. I can make up to $25,000, put it all in the 401k and not have any taxes. As they said in Veggie tales, I like it, it's sneaky and it just might work.
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Old 10-22-2012, 07:36 PM   #22
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Originally Posted by 67walkon View Post
So that means I need to work long enough next year to make $24,000, plus whatever little bit my employer might contribute. Or $25,000 if I get the extra $1,000 for being over 55.

Not bad planning. April 1 is my target date. I can make up to $25,000, put it all in the 401k and not have any taxes. As they said in Veggie tales, I like it, it's sneaky and it just might work.
My plan too. I have to be employed on April 1st. to get the 2013 bonus.
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Old 10-22-2012, 08:07 PM   #23
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So that means I need to work long enough next year to make $24,000, plus whatever little bit my employer might contribute. Or $25,000 if I get the extra $1,000 for being over 55.

Not bad planning. April 1 is my target date. I can make up to $25,000, put it all in the 401k and not have any taxes. As they said in Veggie tales, I like it, it's sneaky and it just might work.
So your employer lets you contribute 100% of pay?

You guys are pretty dang clever! Giving me some ideas.
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Old 10-23-2012, 10:56 AM   #24
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Be careful with the FSA plan and orthos. My FSA wouldn't let me pay upfront the full amount and then take the full reimbursement in the same year. They would only reimburse over the length of the service - which is usually a couple of years for braces. Check with your FSA administrator before funding your FSA if you are wanting to try to pay in full upfront.
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Old 10-23-2012, 11:06 AM   #25
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Be careful with the FSA plan and orthos. My FSA wouldn't let me pay upfront the full amount and then take the full reimbursement in the same year. They would only reimburse over the length of the service - which is usually a couple of years for braces. Check with your FSA administrator before funding your FSA if you are wanting to try to pay in full upfront.
+1

When I retired I had 30 days to empty the FSA. However, I was allowed to use the full year's target even though I had only contributed 2 months worth.
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Old 10-23-2012, 11:44 AM   #26
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FSA rules drove me nuts.

I love the HSA. If you are HDHP w/HSA, you can also have a limited purpose FSA, but I'm not biting. Even more restrictive rules than the old FSA.
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Old 10-23-2012, 03:18 PM   #27
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Thanks for the tips on the FSAs. Off to go re-read the docs on our HR site.

The ortho is offering interest free payments... Except for the first lump sum (which won't qualify for FSA since I didn't have FSA set up this year.)

No discount for full payment up front (I asked.)

Fortunately, #2 son has fairly straight teeth.
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Old 10-23-2012, 03:56 PM   #28
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Fortunately, #2 son has fairly straight teeth.
We were in the same situation in that our 2nd one didn't need any teeth straightening whereas #1 needed a lot doing.
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