Transfer money from IRA to HSA

 

A loyal GubMints reader writes:

I’m currently serving in the National Guard.

I use TRS as our only insurance for myself and my family.  I serve in the Air National Guard, but I have an FSA available through my civilian employer.  I was wondering if I can contribute to and use an FSA to pay for my TRS premium, and any other health care related expenses?  

Can you contribute to either a Health Savings Account or Health Care Flexible Spending Account with your company while your primary insurance is Tricare Reserve Select?

I believe the answer is no to the HSA, and yes to a FSA, but I am having a hard time clarifying that research. 

Thanks!

Thanks for your service, and thanks for reading!

For my answer, I am assuming you and your dependents are all on the same medical plan and you are not split between your self ‘solo’ on TriCare with your dependents enrolled on another health plan. Continue reading


 

lucy_pulls_football

A loyal GubMints reader writes:

Eddie,
First off, thanks for such an informative website.  I am … in a VTU, and I have 2 more years left…, the local NOSC seems like they want more and more from us.  I am leaning towards the IRR, but I also want to make sure that can actually be feasible with just doing correspondence courses.  I, like yourself, am way too close to lose my retirement now.  What are the major issues that you have faced in the IRR with these courses?

Thanks for reading!  It’s not easy keeping up with the Navy’s IRR Regulations.

Here’s this years’  Navy IRR Survival Guide. Continue reading


It’s been a busy last  few weeks.

Posts have been a bit light as I’ve spent my efforts on fighting a malware attack on the blog (more about this later).   This focused my time on the administrivia of running the Gubmints blog instead of providing good content.  But don’t worry- There’s plenty more to come.

I’ve been receiving lots of inquiries about how to calculate a Military Service Credit Deposit to ensure proper calculation of the FOUR Service Computation Dates for federal employees.    I decided to model the Gubmints SCD Audit service and pricing similar to the Service Record Audit that Association of the United States Navy (AUSN) provides to its members who are up for a promotion board (I had my service record audited prior to my O-5 board and was very happy with the Navy Service Record Audit provided by AUSN).

For those of you Feds who are Veterans, I’m offering a new service to calculate and/or Audit your Military Service Credit Deposit.  I’ll do this both for veterans with Full Retirement (20+ years Active Duty) or discharged Veterans with a DD-214.

You can find out more about the Military Service Credit Deposit audit service by clicking ‘SCD Audit‘ above in the Navigation Bar.  Feedback is always welcome!



7 Reasons Hedge Funds Suck

The following is a summary of points I found in ‘The Hedge Fund Mirage by Simon Lack. Simon spent an entire career on Wall Street as a trader or providing ‘Seed Funding’ to Hedge Fund managers. The goal of his book is to inform investors and provide some transparency to the Hedge Fund Industry.

Feds and Vets, thank yourself that the TSP prevents you from stepping in these Hedge Fund land mines below:

Continue reading