VEBA
09-03-2016 | 10:03 PM
#31
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From: Kickin’ Back
The benefit of the VEBA is basically this:
After you negotiate your nice new pay rates, you'll potentially reach the 415c limit faster given the same percentage of annual contributions. The limits for individual contributions are $24,000, or $29,000 if you're over 50.
The combined individual and company 415c limit is $53,000 ($59,000 for old guys).
So, the RHA VEBA is just another vehicle that allows post tax funds to grow and distribute tax free. It is a high class problem to have, but is by no means mandatory to participate in.
After you negotiate your nice new pay rates, you'll potentially reach the 415c limit faster given the same percentage of annual contributions. The limits for individual contributions are $24,000, or $29,000 if you're over 50.
The combined individual and company 415c limit is $53,000 ($59,000 for old guys).
So, the RHA VEBA is just another vehicle that allows post tax funds to grow and distribute tax free. It is a high class problem to have, but is by no means mandatory to participate in.
The 415c limit is $53,000 which does not include the $6,000 catch up contribution.
Money that goes into the VEBA goes in pre tax not post tax. While in the VEBA trust it earns returns tax free and distributions are tax free. And, if it's voted in, yes it is mandatory to participate in it.
Denny
09-04-2016 | 03:13 AM
#32
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From: Flying the SEC
The above is a possibility and has already been discussed in Academia and government. But it's probably a last step on the road to perdition. A single payer is almost a certainty within 5-10 years, depending on who wins this November. It will be a disaster and will accelerate the need for the above.
We all have our investment strategies and most include some hedge against risk. My question is legitimate. There is a very real risk of a single payer health care plan. Where does that VEBA money go?
09-04-2016 | 03:17 AM
#33
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From: DAL FO
^^^^this is going to happen^^^^
The above is a possibility and has already been discussed in Academia and government. But it's probably a last step on the road to perdition. A single payer is almost a certainty within 5-10 years, depending on who wins this November. It will be a disaster and will accelerate the need for the above.
We all have our investment strategies and most include some hedge against risk. My question is legitimate. There is a very real risk of a single payer health care plan. Where does that VEBA money go?
The above is a possibility and has already been discussed in Academia and government. But it's probably a last step on the road to perdition. A single payer is almost a certainty within 5-10 years, depending on who wins this November. It will be a disaster and will accelerate the need for the above.
We all have our investment strategies and most include some hedge against risk. My question is legitimate. There is a very real risk of a single payer health care plan. Where does that VEBA money go?
What is a single payer system? And how does it negatively impact us?
How could a VEBA that is money we all contributed be at risk? Short of a full on Robin Hood redistribution of $$$?
I guess I'm not understanding your question because I don't understand the threat you're talking about.
09-04-2016 | 03:43 AM
#34
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From: Flying the SEC
I'll plead ignorance here.
What is a single payer system? And how does it negatively impact us?
How could a VEBA that is money we all contributed be at risk? Short of a full on Robin Hood redistribution of $$$?
I guess I'm not understanding your question because I don't understand the threat you're talking about.
What is a single payer system? And how does it negatively impact us?
How could a VEBA that is money we all contributed be at risk? Short of a full on Robin Hood redistribution of $$$?
I guess I'm not understanding your question because I don't understand the threat you're talking about.
If that is passed, what happens to all your tax sheltered healthcare money? You can't spend it on healthcare anymore. Do you think the Leviathan is just going to give you all that money back? Even if you do you most likely will have to pay tax on it as regular income at the best.
09-04-2016 | 06:37 AM
#36
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any of our compensation deposited in a tax shelter 'lockbox' is vulnerable to being federalized into some overriding national program.
i dont care what you call it, 401, veba, wetf it is.....the political structure views your opportunity to exploit that opportunity as entirely by their hand.....so if not for government, you wouldnt have it at all.......soooo, if they decide there is a greater national priority, of course the government would have the right to those resources.
a nationalized retirement system is coming. maybe under the guise of 'fixing' ssi.....and if hrc is elected, maybe a lot sooner than you think.
how do you suppose they are going to capitalize such a system?
i dont care what you call it, 401, veba, wetf it is.....the political structure views your opportunity to exploit that opportunity as entirely by their hand.....so if not for government, you wouldnt have it at all.......soooo, if they decide there is a greater national priority, of course the government would have the right to those resources.
a nationalized retirement system is coming. maybe under the guise of 'fixing' ssi.....and if hrc is elected, maybe a lot sooner than you think.
how do you suppose they are going to capitalize such a system?
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