Huh? Do you a portfolio, or just one position? S&P500 Nov. 5 2012 --> well under 1,000 Nov. 5 2012 --> 1,417.
My GF lost her job Thursday because her company closed all their Texas branches. I'm in the same spot basically as I was 4 years ago....although things are about to change.
Like Buck said, "less better." ;-)- At least we'll be done with this election after tonight. I really, really hope so, because if we aren't, it means a repeat of the 2000 election. What a nightmare that would be, regardless of who someone supports.
I contribute to my FSA every paycheck and we were given $800.00 to start with. We were also told that if we didn't use it, and if it reached the $3000.00 limit we COULD roll it into an IRA. Is this not true? My HR lady is out this week so I can't get the info. from her.
A health care FSA is "use it or lose it". I don't think there is a way for individual companies to circumvent that (unless they give you some sort of bonus to make up for your loss).
Sorry I was wrong, I just looked at our 2013 open enrollment and we use an HSA. Ours continually rolls over the money. We just started this last year when the company decided to get away from the Flexible Spending accounts. Just read at the bottom of our HSA Worksheet "All unused funds carry over from year to year and belong to the employee even if the leave the company."
HSA funds can be rolled over currently. Your HSA is likely going to be extinct as the deductible limits are going to make HSA's impossible.
I have a little over 3K in it right now. Should I go ahead and roll over to an IRA? We forgot about it and never touched it.
Yeah, I went to an info session yesterday and heard that the FSA max went down. If somebody was going to use it to its fullest and they had a 35% effective tax rate, they would dodge $875 in taxes instead of $1,050. I'm not seeing it as much of a big deal. Yes, they are worse off. But, you won't ever know that you aren't as better off as you could have been, so it's moot anyway.
Actually after looking at updated benefits at my work. I'm getting a higher contribution than last year into my retirement at work and lower monthly deductions from my paycheck since my health care costs are down. Also I'm receiving more core benefits that were optional in previous years without any additional deductions to my paycheck. That on top of receiving an annual raise and I'm doing better. Anecdotal evidence but I work at a hospital and haven't heard any complaints about Obamacare affecting employee pay. Still got my annual bonus and raise.
The max was essentially whatever your company determined. For example, ours was $8000, which would mean $875 in 2013 instead of $2800 in 2012.
