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Re: Tax help with subletting....

And without a doubt, the 120K you spent to make the place livable is a capital improvement - not a repair. No longer a landlord, but I've been there, done that.
by Dale_G
Fri Feb 27, 2015 6:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax help with subletting....
Replies: 7
Views: 356

TurboTax - SKIP THIS - COVERED ELSEWHERE

[Post merged into here, see below. --admin LadyGeek]

I imported my Vanguard Brokerage tax forms into TurboTax Premier this morning. The 1099-divs came along, but the 1099-B info did not show up on schedule D.

Anybody else with the same problem?

Dale
by Dale_G
Fri Feb 27, 2015 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard brokerage tax forms changed to late Feb. question
Replies: 86
Views: 5609

Re: Vanguard brokerage tax forms changed to late Feb. questi

My brokerage forms are available at Vanguard, but TT sez they will not be available until Feb 27th.

Oh well, I will have to send money off to the feds anyway, but I always like to know how many aluminum cans I will have to collect before the witching hour.

Dale
by Dale_G
Tue Feb 24, 2015 9:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard brokerage tax forms changed to late Feb. question
Replies: 86
Views: 5609

Re: Why move my 401(k) to Vanguard?

You are fortunate to have at least two very low cost funds in your 401k. But if you intend to move 401k money to Vanguard after you retire to improve your fund options, you might as well move all of the money. The Vanguard S&P 500 Admiral class also has an e.r. of .05%. Your 401k Total Bond Mark...
by Dale_G
Tue Feb 24, 2015 8:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why move my 401(k) to Vanguard?
Replies: 5
Views: 445

Re: Exit Strategy VUL policy

Option 4: Role all the monies into a variable annuity, avoiding the capital gains tax by the insurance version of a 1039 exchange ( I believe it is a 1035 exchange??) Although attractive, I would lock myself into another high cost vehicle, albeit one that might provide some downside protection. A p...
by Dale_G
Mon Feb 23, 2015 11:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Exit Strategy VUL policy
Replies: 10
Views: 729

Re: Social Security DOB wrong for taxes

Social Security had a son's birth date off by one day. I tried to e-file using the correct date, but no go. Somehow I knew the date SS had and used that date - it worked. Later he went to the SS office with birth certificate, picture ID and a copy of his original SS# application (with the correct bi...
by Dale_G
Mon Feb 23, 2015 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security DOB wrong for taxes
Replies: 2
Views: 221

Re: What % of your gross income do you spend on mortgage/ren

About 8% including all maintenance and utilities. The mortgage is zero. TradingPlaces wants me to include carrying costs: The unbiased estimator here is your carrying costs. All carrying costs. But I do not track the carrying cost of my 53 year old wedding band, my 20 year old garden hoe and other j...
by Dale_G
Sun Feb 22, 2015 1:14 am
 
Forum: Personal Finance (Not Investing)
Topic: What % of your gross income do you spend on mortgage/rent?
Replies: 155
Views: 8586

Re: self-directed IRA loan for mortgage to a family member

.... However, upon reviewing the IRS guidelines for self-directed IRA lending, it states that you cannot lend to family members ("disqualified person"), only strangers. Otherwise the IRA becomes taxable. The idea was for me to pay the loan plus interest directly back into the IRA via a cu...
by Dale_G
Fri Feb 20, 2015 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: self-directed IRA loan for mortgage to a family member
Replies: 10
Views: 544

Re: Ignore the experts but can you invest by consensus?

We need to know the investors marginal tax rate. At 25% and higher a muni will currently be better than Total Bond.
by Dale_G
Fri Feb 20, 2015 12:08 am
 
Forum: Investing - Theory, News & General
Topic: Ignore the experts but can you invest by consensus?
Replies: 15
Views: 1010

Re: Vanguard International Index Fund

The Total International fund covers all of the bases. And since Vanguard's Total International ETF is just another share class of the Total International fund, there will be no difference as far as "tax efficiency" is concerned.

Dale
by Dale_G
Thu Feb 19, 2015 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard International Index Fund
Replies: 4
Views: 418

Re: Question about Vanguard Fees

Financial Engines is certainly free via the Vanguard site. I "peek" every couple of years. I have never seen anything foolish except in the distant past FE once suggested selling something in the taxable account that would have been costly in terms of taxes. There are some interesting tool...
by Dale_G
Wed Feb 18, 2015 10:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard Fees
Replies: 5
Views: 917

Re: Shouldn't bond fund holders celebrate if rates go up?

We are probably on the same wavelength OGD. I was not really lamenting taking the risk and receiving negative real returns, it is the name of the game. I own a lot of bonds now, and over the next 5 years at least, I am expecting negative real returns on my TBM holdings after taxes. I am taking the r...
by Dale_G
Wed Feb 18, 2015 12:15 am
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 4974

Re: Cap Gains & Divs killed me this year

My capital gain dividends in my taxable account in 2014 amounted to 0.43% of all taxable dividends. The cap gains were from a muni fund. It has been a l-o-o-n-g time since any of my taxable equity funds have declared a capital gain. If you must own managed funds, they should be in a tax deferred acc...
by Dale_G
Tue Feb 17, 2015 11:02 pm
 
Forum: Investing - Theory, News & General
Topic: Cap Gains & Divs killed me this year
Replies: 61
Views: 5875

Re: Shouldn't bond fund holders celebrate if rates go up?

The investor loaned his money, took the risk , and earned a negative real return. Well, that's not quite fair. The risk DID show up. It's not like when an Edward Jones investor scratches their head wondering why the market did well and all their returns went to fees. That period was the risk you to...
by Dale_G
Tue Feb 17, 2015 10:42 pm
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 4974

Re: Shouldn't bond fund holders celebrate if rates go up?

I just love looking at nominal dollar charts like this. It makes me feel so warm and fuzzy. Doubling my money in 8 years just has to feel so good. I really feel the returns justified the risk I took. :wink: As best I can scale the image, it looks like we started with 1 million and with reinvested di...
by Dale_G
Tue Feb 17, 2015 9:43 pm
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 4974

Re: taxable investment guidance, munis

I have always felt very comfortable with some of the "emergency" money in ready cash, and the balance in relatively safe investments. Muni bonds don't move much, so I consider them as relatively safe as a storage place for emergency funds. Everything depends on your personal situation: ear...
by Dale_G
Tue Feb 17, 2015 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: taxable investment guidance, munis
Replies: 5
Views: 521

Re: Hybrid Investment Strategy for Bogleheads

I already own Greek and Russian equities via Vanguard's Total International fund. And because dividends from my domestic equity funds are presently going into International equities, I am buying more quarterly.

Good luck to your friend.

Dale
by Dale_G
Mon Feb 16, 2015 5:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hybrid Investment Strategy for Bogleheads
Replies: 20
Views: 1159

Re: Unusual CD ladder

It is perfectly okay. Your guy could buy a $40,000 CD once a year, $20,000 CDs twice a year, $10,000 CDs quarterly, $3,333 CDs monthly or $769 CDs weekly. Except for the record keeping and the fact that larger dollar CDs might pay a little better, it amounts to about the same thing. Oh, and when the...
by Dale_G
Sun Feb 15, 2015 1:05 am
 
Forum: Investing - Theory, News & General
Topic: Unusual CD ladder
Replies: 3
Views: 838

Re: 5.6% stable value fund - what allocation?

I would be all in for the bond component of my assets - assuming that the rules about exchanging out were not too onerous - like 3 years notice :D . This fund is a perk for the employees, and much better than free coffee or a turkey at Thanksgiving. Any job openings? No age discrimination I hope. Dale
by Dale_G
Sun Feb 15, 2015 12:39 am
 
Forum: Investing - Theory, News & General
Topic: 5.6% stable value fund - what allocation?
Replies: 29
Views: 2525

Re: Should I sell ETFs after less than a year to rebalance?

It is okay to do one thing at a time as long as you continue to move to a simpler situation. When the company stock that you own now has been held for a year, sell it then. You will likely pay the feds 15% of the profit - and whatever your state may extract from you. Investing the proceeds in a broa...
by Dale_G
Sat Feb 14, 2015 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I sell ETFs after less than a year to rebalance?
Replies: 3
Views: 337

Re: Shouldn't bond fund holders celebrate if rates go up?

Yes, we should celebrate if real interest rates go up. But if rates go up to match rising inflation, then it is a losing proposition after taxes - and most of us will eventually pay taxes on the accumulated bond interest in 401k or traditional IRA accounts. Dale You are correct if the stuff we are ...
by Dale_G
Fri Feb 13, 2015 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 4974

Re: Shouldn't bond fund holders celebrate if rates go up?

Yes, we should celebrate if real interest rates go up. But if rates go up to match rising inflation, then it is a losing proposition after taxes - and most of us will eventually pay taxes on the accumulated bond interest in 401k or traditional IRA accounts.

Dale
by Dale_G
Fri Feb 13, 2015 2:09 pm
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 4974

Re: Tolerance for "rebalancing risk" in retirement

Browser, you picked the calendar year of 2008, but I'll pick some other dates that stick in my mind and paint even a bleaker picture. The S&P500 peaked at a closing high of 1563 on October 9, 2007 The S&P500 reached a closing low of 677 on March 9, 2009 The decline was 886 points - or 57%. A...
by Dale_G
Fri Feb 13, 2015 1:08 am
 
Forum: Investing - Theory, News & General
Topic: Tolerance for "rebalancing risk" in retirement
Replies: 29
Views: 1571

Re: Daily update for Mutual Fund

You can sign up with Vanguard for an daily weekday "portfolio alert" email. The email arrives slightly after 6pm.
by Dale_G
Thu Feb 12, 2015 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Daily update for Mutual Fund
Replies: 13
Views: 891

Re: Day trading and capital gain tax nightmare

You should be able use a tax preparation program such as TurboTax to download all of the required information from your brokerage account. That will make things a whole lot easier. Basically you will pay a 25% tax on your net short term gains. Day trading may be fun for you, but you are unlikely to ...
by Dale_G
Thu Feb 12, 2015 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Day trading and capital gain tax nightmare
Replies: 37
Views: 2952

Re: Deferred Compensation

It partly depends on how much you expect the account to be worth on retirement. You are expecting your income to "be lower", but a lump sum could drive you into a higher tax bracket than you expect. Look into the tax ramifications of the lump, 5 & 10 year distribution schedule. Keep in...
by Dale_G
Thu Feb 12, 2015 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Deferred Compensation
Replies: 9
Views: 671

Re: A few questions on taxable account

1. For convenience, you may as well stick with Fidelity

2. Use the Fidelity Spartan funds

3. In your tax bracket (assuming the same bond risk), muni's will have higher after tax returns

Dale
by Dale_G
Mon Feb 09, 2015 5:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: A few questions on taxable account
Replies: 9
Views: 1108

Re: Retirees and estimated tax payments

Estimated tax payments are not required if withholdings at any time of the year are enough to meet the safe harbor requirements. I do not make estimated payments (I do have a small amount withheld from an annuity payment). I take the bulk of my RMD at the end of the year - and have enough taxes with...
by Dale_G
Mon Feb 09, 2015 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirees and estimated tax payments
Replies: 31
Views: 1669

Re: Matching Liabilities, Rebalancing and Fungibility

I use a bucket system, sort of. My first bucket is my wallet. I just checked, it has $36 in it. This is a bit less than 0.1% of my yearly expenses, excluding taxes. I only use this cash to buy stuff at the local fruit market. I will have to refill this bucket before peach season starts in June. My s...
by Dale_G
Sun Feb 08, 2015 1:49 am
 
Forum: Investing - Theory, News & General
Topic: Matching Liabilities, Rebalancing and Fungibility
Replies: 3
Views: 507

Re: About to stop using DFA/Dropping Advisor

When I left my financial advisor I went from TD Ameritrade institutional to retail and was able to hang onto my two DFA funds, DFIVX and DFSVX. I asked them on the phone if they were able to hang onto them, and they said they could as custodians. Vanguard would not have been able to hang onto them,...
by Dale_G
Sun Feb 08, 2015 12:35 am
 
Forum: Investing - Help with Personal Investments
Topic: About to stop using DFA/Dropping Advisor
Replies: 29
Views: 3915

Re: Newb Dilemma

You guys are in good shape, you are young and have a nice income. I would be very aggressive in paying down that 9-1/2% debt. As a matter of fact, I wouldn't contribute anything more to the 401k or 403b than required to obtain the employer match. People advise getting started early in investing, &qu...
by Dale_G
Sun Feb 08, 2015 12:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Newb Dilemma
Replies: 10
Views: 952

Re: About to stop using DFA/Dropping Advisor

Mike, I just looked at a couple of the funds (DFSMX and DFEMX) at Vanguard. They show these funds can be moved to Vanguard, but new purchases cannot be made. You can type the tickers into the search box toward the top right of the Vanguard main page. Let us know whether they can all be moved. If so,...
by Dale_G
Sat Feb 07, 2015 8:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: About to stop using DFA/Dropping Advisor
Replies: 29
Views: 3915

Re: Cap gains exposure in bond funds

I've noticed many muni bond funds with potential CG exposure that's 40-70% of the current NAV. But their recent history of annual CG payouts are more on the order of less than 1% of NAV. Are you sure about the 40%-70% of NAV? Vanguard's Long Term Tax Exempt fund (VWLUX) shows 7.5% of unrealized cap...
by Dale_G
Sat Feb 07, 2015 6:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cap gains exposure in bond funds
Replies: 11
Views: 748

Re: best taxable fund for out of tax-sheltered investing?

Both Total Stock Market and Total International are excellent funds for a taxable account. You could choose one of the funds and use Admiral class funds to save a small amount of money, or split between them. Then make adjustments in your tax deferred accounts to maintain your asset allocation. Ofte...
by Dale_G
Sat Feb 07, 2015 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: best taxable fund for out of tax-sheltered investing?
Replies: 4
Views: 426

Re: Do you or your advisor de-alpha portfolio by 3% annually

I do not de-alpha compared to my benchmark of X% Total Stock Market, Y% Total International and Z% of Total Bond Market. My return closely matches my benchmark. I am sure that if I used certain advisors though, that the portfolio would be de-alph'd by 3% via additional fund expenses of 2% plus an A...
by Dale_G
Sat Feb 07, 2015 4:53 pm
 
Forum: Investing - Theory, News & General
Topic: Do you or your advisor de-alpha portfolio by 3% annually?
Replies: 14
Views: 1227

Re: TurboTax turns off all state efiling to prevent fraud

Just to make it a little harder for the fraudsters, if it is a first time return they have to pick up their refund in person at a post office (including prison post offices) with photo ID or other identification and a thumbprint. We'll have to figure out a way for those truly disabled or under house...
by Dale_G
Fri Feb 06, 2015 4:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax Fraud? [TurboTax Turns Off All State E-Filing]
Replies: 67
Views: 3252

Re: TurboTax turns off all state efiling to prevent fraud

My short term memory isn't that great (and neither is my long term memory) but I seem to remember that I needed to enter some number (AGI?) from my previous tax return in order to e-file. If that is the case, the finger points to a data breach at ..... Tell me if I am "mis-remembering". Dale
by Dale_G
Fri Feb 06, 2015 3:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax Fraud? [TurboTax Turns Off All State E-Filing]
Replies: 67
Views: 3252

Re: Inherited Mutual Funds: Investing advice

It looks like the average expense ratio on the funds you now own are about 1.8% = about $6,500/year - assuming there is no additional fee for "asset management". For a well diversified portfolio of 3, or maybe 4 funds at Vanguard the expenses would run from about 0.08% to perhaps .15%. My ...
by Dale_G
Fri Feb 06, 2015 12:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Inherited Mutual Funds: Investing advice
Replies: 67
Views: 3073

Re: In-kind transfer

The following page on the Vanguard site lists all the outside fund groups available in a Vanguard brokerage account. https://investor.vanguard.com/non-vanguard-funds/ Click on the fund family box to see the list. In addition to the list referenced above (funds that can be purchased at Vanguard) the...
by Dale_G
Thu Feb 05, 2015 9:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: In-kind transfer
Replies: 9
Views: 694

Re: What to do with Whole Life Insurance and an Annuity?

You are welcome. I would be pretty sure that the Fidelity and Vanguard sponsored accounts are very similar, but you might compare the bond fund fees. And yes, there are a lot of ways to distribute the funds when the time comes - or leave them to heirs. At age 75 I annuitized my Vanguard Variable Ann...
by Dale_G
Thu Feb 05, 2015 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with Whole Life Insurance and an Annuity?
Replies: 8
Views: 906

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

Got the same email. At least it looks like a real apology instead of the usual beating around the bush and telling us how they have enhanced our experience. Kudos to them for 'fessing up. But watch out next year, there may be a 2% surcharge for income greater than a yet undetermined AGI or 2% of you...
by Dale_G
Thu Feb 05, 2015 6:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 30525

Re: What to do with Whole Life Insurance and an Annuity?

1. I would look at the JH annuity contract to see what it is. It is likely to have high expenses, but because it was issued 20 years ago, it may have a much higher guaranteed rate on annuitization than what is available today. Depending on the guaranteed rate and the expenses it may be worth keeping...
by Dale_G
Thu Feb 05, 2015 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with Whole Life Insurance and an Annuity?
Replies: 8
Views: 906

Re: When they say 10%....

Good afternoon all, As a recent grad with little (read none) investing experience I only recently realized that I too could be financially free and secure, not by being a genius (no luck there) but with a common sense approach and sticking to the plan. I have been passively saving (in addition to a...
by Dale_G
Thu Feb 05, 2015 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: When they say 10%.... [all to retirement accounts?]
Replies: 20
Views: 2606

Re: Simple Question Regarding Vanguard

Having separate brokerage accounts also helps to avoid mistakes when moving money around :D .

Dale
by Dale_G
Thu Feb 05, 2015 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simple Question Regarding Vanguard
Replies: 3
Views: 434

Re: What To Do With TLH Swap Fund Gains?

Why do you have losses? You should only buy things that go up :D After the events of 2008/2009 (during which I TLH'ed to the tune of low six figures) I ended up with some "sister" funds in the taxable account. Total International (VEU) & Developed Markets (VEA) and Total Stock (VTI) &...
by Dale_G
Wed Feb 04, 2015 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: What To Do With TLH Swap Fund Gains?
Replies: 7
Views: 450

Re: Foreign Stocks in Taxable - Gotcha w/ foreign tax credit

What I am missing here is that you have $30,000 in foreign dividends, and yet you show only $8,023 of gross foreign income on line 1a of form 1116.

Dale
by Dale_G
Mon Feb 02, 2015 3:50 pm
 
Forum: Investing - Theory, News & General
Topic: Foreign Stocks in Taxable - Gotcha w/ foreign tax credit
Replies: 55
Views: 6488

Re: Work Investment

Butterfly, leave your 401/403 funds alone for now, they are okay even after your changes. It is your taxable account with Ameriprise that needs attention. Take the time to understand and fix the taxable accounts, then you can adjust the tax-deferred account to get to an asset allocation that makes s...
by Dale_G
Sun Feb 01, 2015 11:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Work Investment
Replies: 5
Views: 589

Re: Newbie, please help

S-L-o-w down Butterfly. Investing is a marathon, not a sprint :D One question..I am learning about the mutual funds with low cost, knowledge is minimal, confusing? Do I transfer in kind, take the chance and sell, then reinvest? Yes, you would normally try to transfer in kind, but it is possible that...
by Dale_G
Sun Feb 01, 2015 11:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie, please help
Replies: 11
Views: 907

Re: Work Investment

Butterfly: In order to provide advice, we would need to know about the other fund options (and their expense ratios) you have in the 401 and 403. You are now about 75% in stock funds and 25% bond funds, but that is a detail. That can be addressed after you take care of your taxable account at Amerip...
by Dale_G
Sun Feb 01, 2015 10:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Work Investment
Replies: 5
Views: 589

Re: Is this a good investment?

risk question: What do you think is more risky--investing in one company or ten thousand companies of differing size, style, sector and located all over the world? Indeed investing in a single company is riskier, but in my opinion it is a matter of what the risk is. I am happy to invest in somethin...
by Dale_G
Sat Jan 31, 2015 8:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a good investment?
Replies: 13
Views: 1152
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