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Re: Tapping a HELOC

Adding some more info ... We are in the 33% tax bracket. To access, for example, $50k from our mutual funds, it would involve paying taxes on $18k in gains (we don't have any loses, currently, to offset - so lets ignore that for now - plus we sold a lot of funds with gains already this tax year.) To...
by jlg
Fri Apr 25, 2014 7:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tapping a HELOC
Replies: 3
Views: 434

Tapping a HELOC

HI Folks, My wife and I just bought a house. We are settling in, but the various projects and expenses are coming fast and furious :) We aren't ones to live above our means. We are able to pay our mortgage and save every month. However, we have a number of projects coming up which simply require a l...
by jlg
Fri Apr 25, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tapping a HELOC
Replies: 3
Views: 434

Why I'm a market timing genius!

On January 2nd I sold a huge slew of equities in my taxable account. This is money that I was saving for a downpayment on a house. Only two weeks after that, we ended up having an offer accepted and put a portion of that withdrawal toward our deposit at Purchase and Sale. With January coming to a cl...
by jlg
Fri Jan 31, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why I'm a market timing genius!
Replies: 3
Views: 840

Re: What's a good AA for a 529?

At one level, I would say that 529 moneys are no more special then any other funds under management across all your accounts. If one shared this view, they would apply tax efficient placement of funds and factor this into their entire portfolio. However, I don't subscribe to this model. College savi...
by jlg
Mon Jan 06, 2014 11:14 am
 
Forum: Investing - Theory, News & General
Topic: What's a good AA for a 529?
Replies: 15
Views: 795

Complicate portfolio in the search of lower fees?

Hi Folks, My company just announced that our 401k is moving its existing high cost Fido target date funds to low cost (.11ER) Vanguard Target Date Retirement Trusts. These are commingled funds, not mutual funds - thus their price can't be tracked by a ticker symbol. These are the funds (TSM, TISM, T...
by jlg
Tue Nov 12, 2013 6:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Complicate portfolio in the search of lower fees?
Replies: 1
Views: 236

Re: Making an offer on a house

Thank you for the responses. So, if we were very confident that we would get financing, we could waive this contingency all together? I mean, what's the worst that can happen - we are out $500-$1000 for the Good Faith deposit? We've been pre-approved by a lender for some crazy amount we won't end up...
by jlg
Mon Nov 11, 2013 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer on a house
Replies: 16
Views: 1047

Making an offer on a house

Hi Folks, My wife and I made an offer on a house a few weeks back. We didn't get it, but that was mostly because we got outbid for a house we didn't believe was correctly priced. When we made an offer, we filled out a "Contract to Purchase Real Estate #501 (with Contingencies)" form from t...
by jlg
Mon Nov 11, 2013 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer on a house
Replies: 16
Views: 1047

Re: downpayment and house buying plan review

Thank you for all the responses. I'm thoroughly convinced that I should stop making extra mortgage payments now. As for the timeline for selling my equity funds, the advice of not waiting to sell make sense. We do not need to take on additional risk, since we've met our savings goal. I will however,...
by jlg
Thu Sep 26, 2013 4:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: downpayment and house buying plan review
Replies: 4
Views: 1026

downpayment and house buying plan review

Hi Folks, Over the past year I've had two posts where bogleheads have helped me with formulating different parts of a plan to sell our condo and buy a house in the Boston area. http://www.bogleheads.org/forum/viewtopic.php?f=1&t=105312&p=1528674 http://www.bogleheads.org/forum/viewtopic.php?...
by jlg
Thu Sep 19, 2013 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: downpayment and house buying plan review
Replies: 4
Views: 1026

Re: Plan to liquidate taxable holdings

1. Stop dividend reinvestment, so that you don't end up with more short term gains. 2. Capital gains are taxed at the capital gains tax rate -- not ordinary income tax rate. Capital gains alone will not push you into a higher tax bracket. Run scenarios in Turbo Tax. 3. I would not pay down your cur...
by jlg
Sat Aug 31, 2013 7:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Plan to liquidate taxable holdings
Replies: 3
Views: 608

Plan to liquidate taxable holdings

Hi Folks, 2013 is coming to a close and it is never to early to start building a plan for 2014. Next year, we hope to buy a house. Or, at the very least, at the end of next year our time horizon to buying a house will be far shorter then it is today. (There is a good chance we will buy a house in 20...
by jlg
Sat Aug 31, 2013 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Plan to liquidate taxable holdings
Replies: 3
Views: 608

Nominal vs TIPS and trigger bands

Hi Folks, In my bond allocation (35%) I hold a number of different bond funds in my tax advantaged accounts. In my wife's rollover traditional IRA I hold Vanguard Inflation-Protected Securities Fund Admiral Shares. I recently started looking at the percentage allocation of TIPS vs nominal bond funs ...
by jlg
Tue Jul 09, 2013 8:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nominal vs TIPS and trigger bands
Replies: 2
Views: 411

Re: Turbo Tax for Nanny Taxes

OK, so here was the trick for all who are interested. I was able to follow the interview in Turbo Tax related to paying my Nanny. I was able to take information from her W2 to answer the questions - which eventually turned into the Schedule H which needs to be filed. What I didn't realize, immediate...
by jlg
Fri Feb 22, 2013 2:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax for Nanny Taxes
Replies: 4
Views: 831

Re: My HSA just got a lot better!

Got an email from OptumHealth Bank indicating that they are removing the following funds in 30 days: Federated Master Trust Money Market FMTXX Federated US Govt 2-5 Year FIGTX John Hancock Classic Value PZFVX John Hancock Money Market Fund JHMXX Mainstay S&P 500 Index Fund MSXAX Thornburg Value ...
by jlg
Tue Feb 12, 2013 8:32 pm
 
Forum: Investing - Theory, News & General
Topic: My HSA just got a lot better!
Replies: 19
Views: 3355

Re: My HSA just got a lot better!

Not sure about the original post. I've been in Wellington with Optum HSA for several years now and the minimum cash balance is $600. It had been $500 but was recently increased. http://www.optumhealthbank.com/using-your-health-savings-account/investment-opportunities/~/link.aspx?_id=1D796CABD39341B...
by jlg
Tue Jan 29, 2013 9:49 am
 
Forum: Investing - Theory, News & General
Topic: My HSA just got a lot better!
Replies: 19
Views: 3355

My HSA just got a lot better!

My company switched from JPMC HSA to Optumhealth HSA this year. I was pissed, as we had just started with JPMC last year and now we had to learn all about the twists and turns that a new custodian would provide. As most of us know, cost is not at all straightforward when it comes to HSA. With JPMC w...
by jlg
Mon Jan 28, 2013 11:30 am
 
Forum: Investing - Theory, News & General
Topic: My HSA just got a lot better!
Replies: 19
Views: 3355

Re: BND combined with PIMCO Total Return (PTTRX)

+1 to livesoft's reply. I find myself having no problem (what so ever) saying NO to actively managed equity funds. However, when it comes to PIMCO Total Return, something weird happens to my brain. Here is a recent example: My wife started a new job this year and we will be able to start contributin...
by jlg
Fri Dec 21, 2012 1:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: BND combined with PIMCO Total Return (PTTRX)
Replies: 32
Views: 2140

Turbo Tax for Nanny Taxes

Hi Folks, I use GTM as my payroll service for paying my Nanny and handling quarterly tax payments. My understanding is that a Schedule H and Annual FUTA contribution need to be filed with my taxes. Has anyone here used Turbo Tax to handle these filing before? GTM provides a "End of Year Tax fil...
by jlg
Mon Dec 17, 2012 1:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax for Nanny Taxes
Replies: 4
Views: 831

Re: index funds for a taxable account

I would use total market index,so you don't miss mid cap index and tilt 5% or 10% small cap . John I would suggest considering the use of the Extended Market Index to tilt exposure capture of the mid and small cap indices. Only problem is and I haven't researched this, you are likely to have larger...
by jlg
Mon Dec 03, 2012 10:45 am
 
Forum: Investing - Help with Personal Investments
Topic: index funds for a taxable account
Replies: 8
Views: 1175

Re: What kind of car are you driving?

2006 Volvo v50 T5 AWD ~65,000mi
2012 Volkswagen Jetta Sportswagen TDI ~5500mi

Go Wagons!
by jlg
Fri Nov 30, 2012 3:05 pm
 
Forum: Personal Consumer Issues
Topic: What kind of car are you driving?
Replies: 278
Views: 21437

Re: Financial steps for upgrading from condo to house

Thanks Pennstateclj1. We would be selling the condo for sure. This is straight upgrade. Also, this isn't so much about "downpayment accumulation", but rather about tax efficiency, balanced against time horizon. Unless we are totally off base about what we will be paying for a single family...
by jlg
Sun Nov 11, 2012 4:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial steps for upgrading from condo to house
Replies: 4
Views: 563

Financial steps for upgrading from condo to house

Hi Folks, My wife and I own a 2br condo near Boston. We have a 1yr old and may have another kid in the next few years. At which point, we will want to move out of our condo and buy either a single family home or a larger condo. This is one of the largest financial unknowns we currently have: where e...
by jlg
Sat Nov 10, 2012 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial steps for upgrading from condo to house
Replies: 4
Views: 563

JPMC HSA "Transfer Fee"

Hi Folks, My employer is switching HSA custodians (JPMC to OptumHealth.) I currently have money in JPMC from my 2012 contribution. They are telling folks who have money in JPMC that they have two options 1) Keep the money there, but incur a $3 per month account fee which our company had been paying ...
by jlg
Thu Nov 08, 2012 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: JPMC HSA "Transfer Fee"
Replies: 4
Views: 372

Re: list your fixed income

34 years old. Holding ~34% in bonds. 50% nominal, 50% TIPS (percentages of total holdings, not just FI) Vanguard Inflation-Protected Secs Adm VAIPX 16.61% - Retirement PIMCO Total Return Instl PTTRX 10.97% - Retirement Vanguard Ltd-Term Tx-Ex VMLTX 3.62% - Taxable Vanguard Interm-Term Treasury Inv V...
by jlg
Wed Sep 19, 2012 11:45 am
 
Forum: Investing - Theory, News & General
Topic: list your fixed income
Replies: 97
Views: 6565

Re: VTMSX or VSMAX

VTMSX - Tax Managed Small Cap is designed to be held in a taxable account. In theory, the fund throws off less non-qualified dividends than VSMAX will. I hold VTMSX in taxable. At the end of the day, however, you will probably end up holding both if you are diligently looking for opportunities to ta...
by jlg
Thu Aug 23, 2012 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: VTMSX or VSMAX
Replies: 11
Views: 1940

Re: What was Your Starting Salary Out of College?

$65,000 in 2000 and living in the Bay Area.
by jlg
Thu Aug 09, 2012 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: What was Your Starting Salary Out of College?
Replies: 151
Views: 8786

HSA Family Contribution and Definition

Hi Everyone, My wife just started a new job and it offers a good, inexpensive PPO plan which would mean less out of pocket for us. Her starting a new job is considered a "qualifying life event" with my company, thus I can drop her from my health insurance. We are currently enrolled in a HD...
by jlg
Sun Jun 24, 2012 10:46 am
 
Forum: Investing - Help with Personal Investments
Topic: HSA Family Contribution and Definition
Replies: 0
Views: 170

Re: Volkswagen Jetta Sportwagon TDI (Diesel)

My wife and I just put down a deposit for a 2012 Jetta Sportwagen TDI w/ Sunroof. We currently own a 2006 Volvo V50 T5 AWD and would have just bought this car again. However, Volvo has stopped making wagons and we were forced to face the current market with very few wagon options. The TDI test drive...
by jlg
Sun May 27, 2012 9:13 am
 
Forum: Personal Consumer Issues
Topic: Volkswagen Jetta Sportwagon TDI (Diesel)
Replies: 100
Views: 21820

Re: Importance of costs vs allocations?

This blog page shows how to approximate Total Stock Market using multiple funds generally found in 401ks: http://www.bogleheads.org/wiki/Approximating_Total_Stock_Market You can got to Morningstar is plug in the Institutional Index (which is the S&P 500), the Mid-cap Index and Explorer and look ...
by jlg
Tue Mar 27, 2012 6:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Importance of costs vs allocations?
Replies: 13
Views: 718

Re: What is your 529 plan Asset Allocation?

We're using the Vanguard Nevada 529 plan for our 6 month old daughter. We are currently contributing at 50% TSM 25% TBM and 25% TIPS. Our plan to rebalance annually to a new target allocation; each year the amount allocation to equities will drop by 2%. Thus, at her one year birthday, I will rebalan...
by jlg
Tue Mar 27, 2012 1:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is your 529 plan Asset Allocation?
Replies: 46
Views: 6559

Re: Paid off law school debt...savings goal now?

legendary, I'm going to take a different tack here without knowing your full situation. If you are in biglaw, there is a good chance that some aspects of your life kind of suck :) Knowing first hand as a husband (widow?) of a biglaw associate, I can see how demanding, stressful and soul-crushing the...
by jlg
Tue Mar 13, 2012 12:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off law school debt...savings goal now?
Replies: 20
Views: 2329

Re: Managing Massive Law School Debt

Congratulations on scoring a job with big law. My wife graduated a few years ago and went to work for a big law firm. Her job is outstandingly demanding and I'm not exactly sure how much longer she will be in her particular position. There have been a lot of very good suggestions in this thread. One...
by jlg
Fri Mar 09, 2012 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Managing Massive Law School Debt
Replies: 144
Views: 7049

Re: Should I buy or rent? (Boston)

I like in Brookline and can provide some thoughts on the Boston RE market. First off, you will notice vastly different prices based on where you want to buy. There are some Boston communities which were hit hard by the housing downturn (Roslindale, Dorchester, etc ...) and others which barely missed...
by jlg
Fri Mar 02, 2012 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I buy or rent? (Boston)
Replies: 21
Views: 1569

Re: $5k to invest for 1 yr old?

Should there be a tax planning consideration to this investment? My understanding is that the first $900 of her income is exempted from taxes. An otherwise tax inefficient investment (junk bonds, REITs, high unqualified dividend equity funds etc ...) could result in a larger return than if you were ...
by jlg
Mon Feb 27, 2012 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: $5k to invest for 1 yr old?
Replies: 16
Views: 773

Re: $5k to invest for 1 yr old?

I guess the question is: what is she saving for?

Retirement?
A pony?
College?

Time horizon matters as to how the funds would be invested.
by jlg
Mon Feb 27, 2012 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: $5k to invest for 1 yr old?
Replies: 16
Views: 773

Re: Do you "duration adjust" your bond allocation?

Like many accumulators who hold most of their bond allocation in their 401k, I have very few choices for investment. My hope is that in a raising rate environment, Bill Gross will do the right thing - given that Pimco total return is the only bond option in my 401k :) I hold a small amount of bonds ...
by jlg
Fri Feb 17, 2012 3:15 pm
 
Forum: Investing - Theory, News & General
Topic: Do you "duration adjust" your bond allocation?
Replies: 29
Views: 1899

Re: Mutual Fund or ETF in taxable?

I intend to purchase either the admiral share mutual fund or the ETF of: - Vanguard 500 index - Vanguard Extended Market Is one share class better than the other? It has been said here before by folks more knowledgeable than me ... The construction of the Extended Market Index makes it rather tax i...
by jlg
Sat Jan 21, 2012 10:39 am
 
Forum: Investing - Theory, News & General
Topic: Mutual Fund or ETF in taxable?
Replies: 5
Views: 541

Re: Capital loss reporting and redemption fee

Redemption fees are usually based on the amount of the sale and $171 is closer to 1.5%. Perhaps the difference is caused by something else? Alan, only a portion of the shares sold were purchased in the 60 days preceding the sale. Other shares were older and thus not considered for the 2% redemption.
by jlg
Thu Jan 19, 2012 7:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Capital loss reporting and redemption fee
Replies: 11
Views: 541

Re: Capital loss reporting and redemption fee

I'd call up Vanguard and have them send you a corrected 1099B that includes the redemption fee. Did Vanguard report the cost basis on the 1099B? If yes, did Vanguard add the 2% to the cost basis? The 1099-B did not include cost basis information. I guess 2012 will for this fund, but 2011 did not. I...
by jlg
Thu Jan 19, 2012 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Capital loss reporting and redemption fee
Replies: 11
Views: 541

Capital loss reporting and redemption fee

HI All, I received my 1099-B from Vanguard for my taxable account. I made one sale which involved exchanging Total International for FTSE All World ex-US to take advantage of some TLH back in September. This turned out to be a good move, as the fund was pretty close to the low for the year. On the 1...
by jlg
Thu Jan 19, 2012 6:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Capital loss reporting and redemption fee
Replies: 11
Views: 541

Re: Do you max out your 401k at the beginning of the year?

My wife and I usually spread our contributions out, but not this year. Due to some unique circumstances, we decided to take advantage of the ability for my wife to contribute 75% of her pay and bonus to her 401k until the max is reached. Her bonus pays out in late January, so by the end of this mont...
by jlg
Thu Jan 19, 2012 4:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you max out your 401k at the beginning of the year?
Replies: 55
Views: 6918

Re: HSA Investment options through JPMC

Quick update. My company surprised us this week and announced they would allow for a one time lump-sum contribution (pre-tax) to our HSA. The result is that I will likely have a pay check or two of zero post-tax dollars, but I will be able to fund my plan in January - instead of over the next twenty...
by jlg
Sun Jan 08, 2012 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Investment options through JPMC
Replies: 11
Views: 659

Re: How much do you contribute for 529

One child, almost three months old! Started my Vanguard 529 (Nevada) with the $3000 opening balance and have been contributing $500 per month plus any cash gifts. People have been asking what she "wants" for Christmas. I sent all of them a UGift invite! My goal for 2012 is to contribute th...
by jlg
Wed Nov 30, 2011 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much do you contribute for 529
Replies: 73
Views: 3508

Re: HSA Investment options through JPMC

Unfortunately the option of doing a lump-sum contribution does not exist with my employer. I asked about this at our benefits presentation.
by jlg
Wed Nov 09, 2011 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Investment options through JPMC
Replies: 11
Views: 659

Re: My Wife's IRA and roth conversion

Thank you for the replies. Yes, cost-basis is something I should have been considering as part of this conversion.

I did in fact file a Form 8606 for the non-deductible IRA contributions (totaling $10,000.)

With today's down market, I may have some more time to think about this. Thanks!
by jlg
Wed Nov 09, 2011 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Wife's IRA and roth conversion
Replies: 9
Views: 408

Re: HSA Investment options through JPMC

Thanks mhc. So I believe you are talking about making a post-tax contribution to an HSA (instead of through payroll deduction.) I understand that at the end of the year you can deduct those post-tax contributions from your taxes. However, the difference is that when making a pay roll contribution, t...
by jlg
Wed Nov 09, 2011 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Investment options through JPMC
Replies: 11
Views: 659

HSA Investment options through JPMC

My company is offering an HSA plan for this first time this year. I plan to contribute the maximum amount ($6250) for our family in 2012. As others have said about most HSA plans ... the choices are rather lousy and expensive. After saving $2000, we can starting investing in these options at a cost ...
by jlg
Wed Nov 09, 2011 8:55 am
 
Forum: Investing - Help with Personal Investments
Topic: HSA Investment options through JPMC
Replies: 11
Views: 659

My Wife's IRA and roth conversion

Hi everyone, My wife (32, me 33, in the 33% federal tax bracket, MA state taxes) opened a Traditional IRA in 2010 (actually, we both did.) She has contributed $10,000 (2010 and 2011 max.) The value of the account is now ~$9600. We opened the tIRA accounts because our income limits were too high for ...
by jlg
Wed Nov 09, 2011 8:48 am
 
Forum: Investing - Help with Personal Investments
Topic: My Wife's IRA and roth conversion
Replies: 9
Views: 408

Call your local ASPCA or animal hospital. They can give you the best guidance and connect you with any local organizations (or work with you directly.)

Cats are the best and they need homes.
by jlg
Fri Aug 19, 2011 6:15 pm
 
Forum: Personal Consumer Issues
Topic: Found 6 kittens in storage space. What to do?
Replies: 55
Views: 4185

So what about the 60-day frequent trading policy from Vanguard? My understanding is that if you sell VTSAX, you won't be able to buy it again for 60 days. I've read here, but haven't tried myself, that you can get around this by placing an order to buy or exchange back into VTSAX through the mail. I...
by jlg
Sat Aug 06, 2011 9:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Mechanics of Tax Loss Harvesting
Replies: 17
Views: 2159
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