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Re: "Employees Forgo Wellness Cash Incentives Worth Millions

For a few years, my employer incentive of $600 could be achieved by having an annual physical (which I did anyway). So, I easily qualified with essentially no extra effort. The requirements in 2014 (for the 2015 subsidy) were ridiculous and very involved. You had to attend health presentations. You ...
by Wagnerjb
Sun Mar 29, 2015 9:18 am
 
Forum: Investing - Theory, News & General
Topic: "Employees Forgo Wellness Cash Incentives Worth Millions"
Replies: 22
Views: 1508

Re: How many of you invest in individual stocks?

I invest in individual stocks, and they represent a "serious" share of my portfolio. I invest in large cap stocks, in my taxable account. You can read about the strategy in the Wiki on passively holding individual stocks. This strategy uses every characteristic of being a Boglehead: Low co...
by Wagnerjb
Sun Mar 29, 2015 9:07 am
 
Forum: Investing - Theory, News & General
Topic: How many of you invest in individual stocks?
Replies: 25
Views: 751

Re: please help me understand this stock award

thanks a lot, guys. so this kind of option is worth far less than the $80k they claim, right? the stock of the company has gone up a lot recently and i think the upside is limited. No, the option is indeed worth $80k when you initially get the grant. That is what you could sell the options for in a...
by Wagnerjb
Fri Mar 27, 2015 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: please help me understand this stock award
Replies: 19
Views: 613

Re: U.S. cash pouring into international

Article from CNN -- Cash pouring into International stocks/funds. http://money.cnn.com/2015/03/24/investing/us-investors-flooding-into-europe/index.html Hmm, haven't we been seeing recent posts asking if international is really needed? The posts about whether international is even needed are driven...
by Wagnerjb
Wed Mar 25, 2015 12:18 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. cash pouring into international
Replies: 23
Views: 2415

Re: Tax Loss Harvesting Wash Sale in Roth IRA

If it was in a Roth Account nothing to worry. Roth are post tax so yes you can have transactions. You can not TLH from a Roth account. Did you sell from a taxable account and converted the proceeds to Roth? It's not a conversion. I sold out of a fund in a taxable account (at a loss) and within 30 d...
by Wagnerjb
Wed Mar 25, 2015 9:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Wash Sale in Roth IRA
Replies: 16
Views: 1221

Re: Fidelity offer to match IRA contributions

This is similar to their brokerage transfer offer, only worse. For example, transferring $50k under the regular brokerage transfer offer gets you $200 quickly. The IRA match offer gets you at most $247.50 over 3 years. If you have $500k, you might as well get $1200 immediately instead of $1650 over...
by Wagnerjb
Wed Mar 25, 2015 8:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity offer to match IRA contributions
Replies: 12
Views: 2188

Re: "Diversified" Accounts?

I think the biggest concern might be having access to your account when you want it. For example, if all your assets are with one company and in some unlikely occurrence their website is hit by a really bad DDoS attack or otherwise can't be accessed for a number of days (and understandably the phon...
by Wagnerjb
Mon Mar 23, 2015 7:51 am
 
Forum: Investing - Help with Personal Investments
Topic: "Diversified" Accounts?
Replies: 6
Views: 657

Re: Tax implications on cashing out a Lump Sum Pension?

Your calculations look right to me. It you cash in the Lump Sum and spend it (even to reduce the mortgage) you are spending your retirement money today. Why do you necessarily pick this opportunity to steal from your retirement fund? At any time, you could take some of the $700K that you have in you...
by Wagnerjb
Sun Mar 22, 2015 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax implications on cashing out a Lump Sum Pension?
Replies: 7
Views: 487

Re: Route to an $8 Million Portfolio Started With Frugal Liv

I think that is a very sad situation. The guy was extremely frugal and continued to be extremely frugal even after he had considerable net worth. I don't want to be like that, and I don't think he is a good lesson for others. The lesson should be to live a balanced life - live below your means most ...
by Wagnerjb
Sat Mar 21, 2015 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Route to an $8 Million Portfolio Started With Frugal Living
Replies: 31
Views: 4934

Re: Why I don't file early

Best to plan so that you owe taxes and file late. Scammers that use your SS to get a refund don't cost you anything other than time to get your refund. I agree. If you manage your taxes such that you owe a payment in April, I don't see what filing early will accomplish. If the bad guys have stolen ...
by Wagnerjb
Sat Mar 21, 2015 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Why I don't file early
Replies: 35
Views: 3368

Re: Why I don't file early

Best to plan so that you owe taxes and file late. Scammers that use your SS to get a refund don't cost you anything other than time to get your refund. I agree. If you manage your taxes such that you owe a payment in April, I don't see what filing early will accomplish. If the bad guys have stolen ...
by Wagnerjb
Sat Mar 21, 2015 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Why I don't file early
Replies: 35
Views: 3368

Re: IRA advice needed

So does that mean I'll pay 33% taxes on the whole 50k? That's a huge loss. If you were in my shoes, would you still convert? Rick: assuming your IRA is all pretax, then you will indeed pay 33% on the entire conversion amount. Personally, I would not do so. You are likely to be in a lower tax bracke...
by Wagnerjb
Sat Mar 21, 2015 9:11 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA advice needed
Replies: 8
Views: 739

Re: "Financial Simplicity: What is Your Time Worth?"

Every financial decision should lead to less time, less paper, less cost, less worry, and less bother. But if you really take this literally, wouldn't one avoid setting up a 529, a HSA, an SEP-IRA if they have some self-employment income, etc? Brad: there are apparently people out there for whom co...
by Wagnerjb
Sat Mar 21, 2015 9:02 am
 
Forum: Investing - Theory, News & General
Topic: "Financial Simplicity: What is Your Time Worth?"
Replies: 27
Views: 3513

Re: Child gift shares to parent to avoid kiddie tax?

Kevin: I don't have anything to add to your proposed strategy, and I don't see any major issues with it. But like others, I am trying to find an even better alternative for you. In my experience, trying to "use up" a capital loss carry forward isn't always the best use of that asset. For t...
by Wagnerjb
Thu Mar 19, 2015 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Child gift shares to parent to avoid kiddie tax?
Replies: 32
Views: 1299

Re: John Bogle's Don't Peek Challenge

That is a ridiculous idea. Intelligent investors will be watching for the need to rebalance and the opportunity to tax loss harvest. That might be appropriate for less sophisticated investors, but it is horrible advice for anybody else. OP has only a balanced fund and no taxable investments, so no ...
by Wagnerjb
Tue Mar 17, 2015 8:40 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8667

Re: Experienced advice wanted re inherited stocks etc

My initial reaction is that I would pay off the 6.4% student loans right away.
by Wagnerjb
Mon Mar 16, 2015 12:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice wanted re inherited stocks etc
Replies: 6
Views: 794

Re: Advice on guiding an hour discussion with military

How about the importance of diversification?
by Wagnerjb
Mon Mar 16, 2015 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: Advice on guiding an hour discussion with military
Replies: 35
Views: 1940

Re: John Bogle's Don't Peek Challenge

As most diligent savers and investors, I look at my investments way too often. Who would like to take the "Don't Peek Challenge with me.'' His extreme version is not to look at it until you are ready for retirement and be ready to have a cardiologist nearby because you may need one when you se...
by Wagnerjb
Mon Mar 16, 2015 12:29 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8667

Re: Having 1x salary by age 30-35, is this after-tax?

What do most people do to ensure they are on track? Like I can compute the anticipated sizes of my 401k and Roth IRA by a particular age, but how do I know whether each is enough? I used a simple spreadsheet to forecast my spending and my savings, with an assumption for growth. My target was to hav...
by Wagnerjb
Mon Mar 16, 2015 9:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Having 1x salary by age 30-35, is this after-tax?
Replies: 11
Views: 2186

Re: Value of Capital Gains Tax Deferral

The math for the benefits of tax loss harvesting is identical to this math. You have an immediate cash flow benefit, which is equivalent to an interest free loan from Uncle Sam. You get this benefit every year and it grows if you have additional losses to deduct. Tax loss harvesting has an addition...
by Wagnerjb
Mon Mar 16, 2015 8:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Value of Capital Gains Tax Deferral
Replies: 9
Views: 768

Re: Can I use credit card history for sales tax deduction?

I keep the sales receipts and track the sales tax in Excel. My total sales tax is substantially above the standard amount in the IRS tables.

Best wishes.
by Wagnerjb
Sun Mar 15, 2015 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I use credit card history for sales tax deduction?
Replies: 5
Views: 725

Re: Should tilters recommend tilting to beginners?

cheese_breath wrote:You should make sure they thoroughly understand the basics before you introduce refinements.


+2
by Wagnerjb
Sat Mar 14, 2015 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Should tilters recommend tilting to beginners?
Replies: 49
Views: 2739

Re: Value of Capital Gains Tax Deferral

The math for the benefits of tax loss harvesting is identical to this math. You have an immediate cash flow benefit, which is equivalent to an interest free loan from Uncle Sam. You get this benefit every year and it grows if you have additional losses to deduct. Deferral is very beneficial, as is l...
by Wagnerjb
Sat Mar 14, 2015 10:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Value of Capital Gains Tax Deferral
Replies: 9
Views: 768

Re: Hedging when Home Value is corr with Sector

You could consider not investing in the tech sector. You would do that by owning sector ETFs from all the sectors except tech. That would allow you to remain invested in broadly diversified instruments which are low cost and passive. Personally, I am not sure you need to take this step, but if you f...
by Wagnerjb
Sat Mar 14, 2015 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Hedging when Home Value is corr with Sector
Replies: 2
Views: 245

Re: Vanguard Diehards Alumni

I started on Morningstar. It's pretty easy to look things up. Just go back and check out the first 500 users here. They were pretty much all at Morningstar. We came over en masse over a few weeks. I found the Diehards in the 2002 time frame and immediately knew I had found something special. I was ...
by Wagnerjb
Fri Mar 13, 2015 8:35 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Vanguard Diehards Alumni
Replies: 23
Views: 1215

Re: Defined-Benefit Retirement Plan

It seems to be common knowledge that a defined benefit plan is the better option of the two, especially that employer makes the contribution. If you stay for 30 years with your employer, the defined benefit plans are much better. But if you only stay (for example) for 10 years each with 3 different...
by Wagnerjb
Fri Mar 13, 2015 7:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Defined-Benefit Retirement Plan
Replies: 11
Views: 1126

Re: Silly Question About Tax Refund

furwut wrote:Yes it's taxable. No - you may not get a 1099.

https://ttlc.intuit.com/questions/19334 ... om-irs-gov


I received a refund several years ago that contained interest. I got a 1099 the following year.
by Wagnerjb
Fri Mar 13, 2015 9:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Silly Question About Tax Refund
Replies: 12
Views: 1677

Re: Hit with Kiddie Tax; tIRA to the rescue

This experience has led me to have second thoughts about having her sell too much of her stocks fund shares in any one year until she turns 24 or is no longer my dependent, and we exit the kiddie tax zone. I can always fund a larger share of her expenses directly until then once her other savings f...
by Wagnerjb
Tue Mar 10, 2015 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit with Kiddie Tax; tIRA to the rescue
Replies: 13
Views: 1655

Re: Benefits of Flagship

My experience with the SPECIFIC person being assigned has not been as positive as others have noted. I've had 4 different individuals since I became a Flagship customer and with only 1 of those individuals did I feel like the Rep knew me and my overall investment philosophy (or maybe a better way o...
by Wagnerjb
Tue Mar 10, 2015 9:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Benefits of Flagship
Replies: 24
Views: 2318

Re: Protecting pension

Do you have the option of taking your pension as a Lump Sum payment? If so, then you could consider taking the Lump Sum amount and purchasing inflation-adjusted annuities. That is how I am dealing with it.

Best wishes.
by Wagnerjb
Tue Mar 10, 2015 9:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Protecting pension
Replies: 15
Views: 1036

Re: Hit with Kiddie Tax; tIRA to the rescue

Kevin: I have similar issues with my two children. One is 21 and in her senior year of college. The other is 23 and working a low-paying job (he gets a retirement savers credit). Are you claiming tax credits (for yourself) for your daughter's college expenses (assuming she is in college)? Having you...
by Wagnerjb
Mon Mar 09, 2015 6:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit with Kiddie Tax; tIRA to the rescue
Replies: 13
Views: 1655

Re: Source of funds to pay taxes for a minor

Anon1234 wrote:I cannot imagine them tracking down that $10. If you want to account for it, it is definitely a 2015 gift, not 2014.


I agree with Anon. For only $10, it really doesn't matter what you do. Don't sweat it...

Best wishes.
by Wagnerjb
Sun Mar 08, 2015 9:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Source of funds to pay taxes for a minor
Replies: 6
Views: 374

Re: What does a $1M portfolio look like?

A $1M portfolio is ideally suited to a basic 3 fund portfolio, Total US Stock, Total Bond, and Total International, in whatever proportions match your asset allocation. If the individual also has a higher (earned) income, I suspect an intelligent $1 million portfolio looks a lot more tax-managed th...
by Wagnerjb
Fri Mar 06, 2015 9:30 am
 
Forum: Investing - Help with Personal Investments
Topic: What does a $1M portfolio look like?
Replies: 64
Views: 9937

Re: Whether to Max Out HSA Before Wife Leaves Job

OP here. Looks like I misread the regulations the first time around. As it stands, it looks like some of what was contributed to the HSA will be reported as income for 2015. Thanks for setting me straight. The excess contribution should be removed and reported as income. It wasn't clear to me that ...
by Wagnerjb
Wed Mar 04, 2015 6:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whether to Max Out HSA Before Wife Leaves Job
Replies: 11
Views: 782

Re: Vanguard becominng more assertive with boards WSJ

I don't have any resentment either. But I do want the shareholders (who own these companies, after all) telling the board (their representatives) how to pay their top talent - who else has that right? But if a vast majority of shares are owned by BlackRock or Vanguard or Carl Icahn, it's not really...
by Wagnerjb
Wed Mar 04, 2015 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard becominng more assertive with boards WSJ
Replies: 9
Views: 1876

Re: more TurboTax exasperation--education credit screwups

If it makes you feel any better....I had a very similar frustration with TurboTax over the same topic. To be fair, I had a similarly complex situation. I paid college expenses for my daughter in 2014, and we had claimed the AOT for her in three previous years. I make too much to claim the AOT myself...
by Wagnerjb
Wed Mar 04, 2015 9:57 am
 
Forum: Personal Finance (Not Investing)
Topic: more TurboTax exasperation--education credit screwups
Replies: 22
Views: 1227

Re: Vanguard becominng more assertive with boards WSJ

Today's WSJ article titled Vanguard and BlackRock Plan to Get More Assertive With Their Investments. This is the article http://www.wsj.com/articles/vanguard-and-blackrock-plan-to-get-more-assertive-with-their-investments-1425445200 Google the title if you are not a subscriber. Jack has recently st...
by Wagnerjb
Wed Mar 04, 2015 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard becominng more assertive with boards WSJ
Replies: 9
Views: 1876

Re: Help with letter from IRS about 2013 529 distribution

TurboTax does let one enter 1099-Q and 1098-T information which does flow to tax forms. See Form 5329. Line 7 should be 0 if you do not want to be asked to pay tax. :) Form 5329 Part II states that it should be filed if you are including taxable income due to a 529 distribution. For the OP, he/she ...
by Wagnerjb
Sun Mar 01, 2015 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with letter from IRS about 2013 529 distribution
Replies: 13
Views: 1133

Re: Question on Relocation Package (from Employer's perspect

1) Why do employers have such generous relocation benefits for home owners? Is there some kickback or preferential tax strategies they use to benefit themselves? What's their angle? Is it possible that the employee pays taxes on that amount? If you receive 10% of the house value and you pay taxes a...
by Wagnerjb
Sun Mar 01, 2015 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question on Relocation Package (from Employer's perspective)
Replies: 6
Views: 528

Re: Help with letter from IRS about 2013 529 distribution

Here is the text of the letter written by KPMG, maybe that will be of help to you. August 28, 2013 Internal Revenue Service 1973 N Rulon White Blvd Ogden, UT 84201-0021 Dear Sir or Madam: Re: Joe & Mary Taxpayer SSN: 123-45-6789 & 987-65-4321 Notice number: CPxxxx Tax Year: 2011 We are respo...
by Wagnerjb
Sun Mar 01, 2015 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with letter from IRS about 2013 529 distribution
Replies: 13
Views: 1133

Re: Help with letter from IRS about 2013 529 distribution

Because I was an expat, my income taxes have been prepared by KPMG for the past 15 years. In several years, I got the same letter from the IRS that you mention. I forwarded it to KPMG and they asked me for documentation that I paid college costs (that amounted to more than my distributions from the ...
by Wagnerjb
Sun Mar 01, 2015 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Help with letter from IRS about 2013 529 distribution
Replies: 13
Views: 1133

Re: The Distribution of Individual Stock Returns, 1983-2006

Put yet another way. Let's say your universe is N stocks, and you identify the worst 1% stocks, call this set Losers. You eliminate them from your portfolio. Let's say in the following year, each Loser becomes bankrupt. Now what? You need to find the next set of Losers. The logic is certainly appea...
by Wagnerjb
Tue Feb 24, 2015 8:51 am
 
Forum: Investing - Theory, News & General
Topic: The Distribution of Individual Stock Returns, 1983-2006
Replies: 20
Views: 1863

Re: Why don't I see more people arguing for a world portfoli

When I see a lot of people list their portfolios I notice that a lot of it is US-heavy. However US does not make up the most market capitalization from a worldwide perspective. So why is this the case? About 80% of Americans don't own a passport and have never been outside the USA. They have a very...
by Wagnerjb
Fri Feb 20, 2015 10:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Why don't I see more people arguing for a world portfolio?
Replies: 41
Views: 2965

Re: What can you take out UTMA money for?

If I were you, I'd ask the kid if they want to spend the money on that item. After all, it is their money. I respectfully disagree. YOU are the custodian, and there is a reason for that. You are an adult, capable of reasoned financial decisions. (And....YOU funded the account with an intent that yo...
by Wagnerjb
Fri Feb 20, 2015 7:52 am
 
Forum: Investing - Help with Personal Investments
Topic: What can you take out UTMA money for?
Replies: 10
Views: 878

Re: "Couch Potato investing wins yet again"

Just another article on simple and low costs. http://www.chron.com/business/burns/article/Couch-Potato-investing-wins-yet-again-6086164.php I think we all agree that low costs is a clear winner. Where does the article indicate that a simple portfolio is superior to a more complex that incorporates ...
by Wagnerjb
Wed Feb 18, 2015 12:57 pm
 
Forum: Investing - Theory, News & General
Topic: "Couch Potato investing wins yet again"
Replies: 2
Views: 1108

Re: Short Sale and Long Stock combination

Divorce agreement defines 'taxable income' as income that produces any taxes due to IRS (greater than zero). For example, this year I am not paying any taxes because line 37 (AGI) is $47,000 for me (all QDI and LTCG income), AND NO ALIMONY ($12000)! Have you explored all possible ways to reduce you...
by Wagnerjb
Tue Feb 17, 2015 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Short Sale and Long Stock combination
Replies: 22
Views: 1057

Re: Short Sale and Long Stock combination

Andy, Thank for trying to figure this out with me. If I had bought the XYZ stock in my IRA account within 30 days of incurring the loss from the short sale in taxable account I would have had a wash sale. However, in my case, I already had the XYZ stock in IRA account sitting for four months (befor...
by Wagnerjb
Tue Feb 17, 2015 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Short Sale and Long Stock combination
Replies: 22
Views: 1057

Re: Short Sale and Long Stock combination

Andy, if the stock falls I will keep the short position (I will not cover) and I will not sell the long position in IRA either. I am hoping to do this with several stocks (paired), so that hit one stock that will fall. My goal is to find out if the transactions I described is legal and will produce...
by Wagnerjb
Mon Feb 16, 2015 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Short Sale and Long Stock combination
Replies: 22
Views: 1057

Re: Short Sale and Long Stock combination

Andy, if the stock falls I will keep the short position (I will not cover) and I will not sell the long position in IRA either. I am hoping to do this with several stocks (paired), so that hit one stock that will fall. My goal is to find out if the transactions I described is legal and will produce...
by Wagnerjb
Mon Feb 16, 2015 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Short Sale and Long Stock combination
Replies: 22
Views: 1057

Re: An Individual Stock Question Or Two

And if Apple, for example, is "moving the needle" significantly in the 30 stock portfolio; how much more risk is there in the 30 stock portfolio compared to the index. Thanks in advance. The link that BPP provided has a study by Surz & Price. They found that a typical 30-stock portfol...
by Wagnerjb
Mon Feb 16, 2015 8:49 am
 
Forum: Investing - Theory, News & General
Topic: An Individual Stock Question Or Two
Replies: 14
Views: 971
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