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Posted by Fred Johnson on September 12, 2007, 10:05 pm
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> Like Will Rogers, all I know is what I read in the papers,
> but the IRS papers (Pub 553) are pretty clear (and confirm
> your interpretation):
Thanks for confirming my interpretation.
>>> I'd like to contribute the maximum for 2007 but the nature
>>> of my job is such that the odds are fairly good that I'll
>>> have a different employer before the end of 2008, which in
>>> turn could mean that an HDHP might not be an option for me.
> The HDHP could still be a good option, if you only
> contribute 7 months worth (since you started on June 1).
> Then there would be no penalty (assuming you're under the
> plan through Dec 1 of this year).
I'm already enrolled and I definitely plan to contribute for
at least the the months of this year for which I'm enrolled.
> And as noted below, you've got until April to
> make your decision on those extra 5 months.
Yep, that's my plan -- I'm definitely not going to make the
full contribution for 2007 before next April and at that
time I'll have a better idea of whether or not I'm likely to
remain in my current job. Thanks again.
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