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Re: Any book recs specifically for Tax Harvesting?

I am unaware of books because it is pretty simple. Books by Kaye Thomas are often mentioned. IRS publication 550 is easy to read, too.

Maybe we can get Mike Piper to write an e-book on the subject?
by livesoft
Mon Dec 22, 2014 4:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Any book recs specifically for Tax Harvesting?
Replies: 2
Views: 135

Re: investing for newborn child

I think that the benefits of a 529 plan for saving for college are often thought to be larger than they really are. We had 2 kids in college this Fall and used 529 plan money for some, but not all of their expenses. I don't think there is any compelling reason to use 529 plan unless you are really w...
by livesoft
Mon Dec 22, 2014 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: investing for newborn child
Replies: 11
Views: 414

Re: Poll: How important is rebalancing?

So with international equities down 10% at some point during 2014, was no one compelled to rebalance into them? To address what Rick Ferri wrote about the sweet spot, isn't that just math? When one is using a 5% absolute rebalancing band and equities change by 5%, that would be a relative 10% of a 5...
by livesoft
Mon Dec 22, 2014 3:46 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: How important is rebalancing?
Replies: 25
Views: 1034

Re: Paycheck "leap year"

The extra paycheck sorta gave me a last minute curveball as I was estimating my taxes and figuring out how much space left in my bracket for Roth conversions. I can sympathize. My spouse gets paid every 2 weeks, except when the firm's owners decide they need a personal tax break. Because of these s...
by livesoft
Mon Dec 22, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paycheck "leap year"
Replies: 5
Views: 573

Re: TLH: Use ETF to gauge fund close?

BE CAREFUL! Today many of Vanguard's ETFs went ex-dividend, so if there is a price drop today, it may not be from market action. OTOH, if one is TLHing today, why would one care if the price goes up a small amount? One would sell the shares and capture today's gain and presumably exchange into a sim...
by livesoft
Mon Dec 22, 2014 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: TLH: Use ETF to gauge fund close?
Replies: 5
Views: 173

Re: Real Bad Days 2014, TSM

I thought the RBD strategy was to make your monthly contributions on the RBD, not to rebalance every RBD. When did that change? That brings in all kinds of other issues like transaction costs, the loss of momentum etc. The RBD strategy was not conceived as a "when to make contributions" s...
by livesoft
Mon Dec 22, 2014 2:47 pm
 
Forum: Investing - Theory, News & General
Topic: Real Bad Days 2014, TSM
Replies: 8
Views: 1012

Re: investing for newborn child

Presently, 529 money can be used to pay for room and board in addition to tuition. I doubt your university is giving those away. :)
by livesoft
Mon Dec 22, 2014 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: investing for newborn child
Replies: 11
Views: 414

Re: Need to liquidate - sell individual stocks or index fund

This need to liquidate is a good nudge in the right direction. I would sell individual stocks perhaps some in 2014 and some in 2015 to spread the tax cost out. However, if I had a plan to donate shares to charity, then I would save those shares for that purpose and get the tax benefits when that hap...
by livesoft
Mon Dec 22, 2014 1:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need to liquidate - sell individual stocks or index funds
Replies: 10
Views: 422

Re: What to do with 5M?

Nothing wrong at all with your proposal.

All those stock funds have already paid out their December distributions. The bond fund will get pay out a monthly distribution next week, but that is what you are buying it for.
by livesoft
Mon Dec 22, 2014 1:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with 5M?
Replies: 38
Views: 3905

Re: Simple tax question--If 401(k), no tax deduction for tIR

Almost correct. One has to have moderate income if they are eligible for 401(k) in order to get a tax deduction for a traditional IRA contribution. See IRS publication 590, page 15.
by livesoft
Mon Dec 22, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Simple tax question--If 401(k), no tax deduction for tIRA?
Replies: 4
Views: 164

Re: investing for newborn child

No point in investing for a child if both parents are not contributing the maximums allowed to their own tax-advantaged retirement plans such as 403(b), 457, Roth IRAs, 401(k), etc. Let the grandparents invest for the child if those retirement plans are not maxed out.
by livesoft
Mon Dec 22, 2014 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: investing for newborn child
Replies: 11
Views: 414

Re: Real Bad Days 2014, TSM

I completely agree that regular monthly contributions of 1% or so really do not have much to do with RBDs. If one moves $50K to $100K on those RBDs by exchanging from a bond fund to an equity fund, then the potential benefits amount to hundreds or even thousands of sushi lunches.
by livesoft
Mon Dec 22, 2014 12:33 pm
 
Forum: Investing - Theory, News & General
Topic: Real Bad Days 2014, TSM
Replies: 8
Views: 1012

Re: Real Bad Days 2014, TSM

I think the major benefit is that it is better than rebalancing* based on a calendar date. And one doesn't have to follow the market daily, but one does have to stay in touch with the news. With today's smart phones, TVs, radios, laptops, computers, and even the Bogleheads forum, one will notice wha...
by livesoft
Mon Dec 22, 2014 12:20 pm
 
Forum: Investing - Theory, News & General
Topic: Real Bad Days 2014, TSM
Replies: 8
Views: 1012

Re: Real Bad Days 2014, TSM

2014 was not a big year for RBDs. There were a few though. TSM in the form of VTI did not have a bona fide RBD in 2014. The worst drop was Feb 03 of -2.35%. However, Extended market index had an RBD on Feb 03 with a drop of -3.09 that day. Definitely bought VXF on that day in an IRA. Also Feb 03 was...
by livesoft
Mon Dec 22, 2014 12:05 pm
 
Forum: Investing - Theory, News & General
Topic: Real Bad Days 2014, TSM
Replies: 8
Views: 1012

Re: TLH now or later?

If the IRS ever publishes a "substantially identical" fund list, tax loss harvesting will become more difficult. Such a list though would clear up the oft-asked question: Are these substantially identical? Sure, the question would still get asked, but we could answer "See the list!&q...
by livesoft
Mon Dec 22, 2014 12:30 am
 
Forum: Investing - Help with Personal Investments
Topic: TLH now or later?
Replies: 7
Views: 447

Re: TLH now or later?

If you had exchanged before the dividend distribution, then you would have received the VTIAX dividend anyways, so I don't see any harm to you in waiting. If you had tried to avoid the dividend by exchanging to a money market fund for a day, and the next day to VTIAX, then you would have missed out ...
by livesoft
Mon Dec 22, 2014 12:03 am
 
Forum: Investing - Help with Personal Investments
Topic: TLH now or later?
Replies: 7
Views: 447

Re: TLH now or later?

You are OK to do a 100% exchange from VTMGX to VTIAX now. You do not need to wait 31 days after the most recent purchase in order to avoid a wash sale. This will not be a wash sale. The reason this will not be a wash sale is because you will have no shares left to apply the wash sale rules to. See a...
by livesoft
Sun Dec 21, 2014 11:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: TLH now or later?
Replies: 7
Views: 447

Re: HSA contribution question

Nope. If one withdraws the excess contributions in time, there are no penalties, but it isn't tax-free anymore. This is pretty well explained in the Form 8889 instructions. This apparently is not an uncommon thing, so HSA's and the IRS have all the forms and instructions to do this. Even tax softwar...
by livesoft
Sun Dec 21, 2014 11:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA contribution question
Replies: 5
Views: 589

Re: Who should pay for this meal?

Maybe we should crowdsource the cost of the dining experience. Who wants to chip in? Let me know the restaurant and time, so that I can get a reservation at the table next to this shinding, then I'll just grab the check at the end and pay for it. Who wants to eat at my table?
by livesoft
Sun Dec 21, 2014 8:32 pm
 
Forum: Personal Consumer Issues
Topic: Who should pay for this meal?
Replies: 71
Views: 4240

Re: HSA contribution question

I have been in this situation. One can not contribute the full amount. It is pro-rated by month, so you can contribute half that. Or stay one more day and get 7/12th worth. If one overcontributes, one will need to withdraw the excess contributions. There is a plus and a minus to that. The minus is t...
by livesoft
Sun Dec 21, 2014 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA contribution question
Replies: 5
Views: 589

Re: vanguard international bond fund

There is a hint that Vanguard is looking at the world market weights of bonds when you read their white paper on portfolio construction:
https://personal.vanguard.com/pdf/s705.pdf

See Figure 7 where 34% of global market capitalization are non-US bonds.
by livesoft
Sun Dec 21, 2014 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: vanguard international bond fund
Replies: 9
Views: 1209

Re: Don't be tempted to buy your teen a cheap (old) car, par

We just leave our lights on all the time. The problem with the daytime running lights or auto-on lights is that folks see other cars with headlights on and think their lights are on, too. But they don't have any taillights. I personally think there are no disadvantages to having one's lights on all ...
by livesoft
Sun Dec 21, 2014 4:44 pm
 
Forum: Personal Consumer Issues
Topic: Don't be tempted to buy your teen a cheap (old) car, parents
Replies: 89
Views: 5971

Re: 'Post-Tax' / Non-Deductible 401k Contributions

How soon will you roll the post-tax contributions to your Roth IRA? The gains on those post-tax contributions will be taxed at your marginal income tax rate. Only after those contributions get into your Roth IRA are the gains they get tax-free. So you do not want to have those post-tax contributions...
by livesoft
Sun Dec 21, 2014 4:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: 'Post-Tax' / Non-Deductible 401k Contributions
Replies: 16
Views: 877

Re: How to make a long bet on Crude Oil

Here is an ETF (really an ETN): OIL
That was too easy. Are you sure you want to make this bet?
by livesoft
Sun Dec 21, 2014 4:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to make a long bet on Crude Oil
Replies: 28
Views: 2025

Re: Trying to Make Sense of YE Realized Gain in My 401(k)

It looks to me like two different funds are involved and that your company changed from the "BLACKROCK LIFEPATH INDEX 2035" fund to the "LIFEPATH INDEX 2035 H" fund. The share prices of these two funds are different, so the number of shares is different although the total dollar ...
by livesoft
Sun Dec 21, 2014 3:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trying to Make Sense of YE Realized Gain in My 401(k)
Replies: 3
Views: 398

Re: Momentum and Market Timing

Momentum changes. There is upward momentum and downward momentum. The trick is to spot when the direction changes.
by livesoft
Sun Dec 21, 2014 3:28 pm
 
Forum: Investing - Theory, News & General
Topic: Momentum and Market Timing
Replies: 14
Views: 948

Re: Who should pay for this meal?

You both should argue after dessert about paying the entire bill. Then you should pay the bill anyways to make them feel bad. Of course, tell them, "You can get the check the next time." I will also guess that the teenagers probably don't even want to go to dinner with the parents. And the...
by livesoft
Sun Dec 21, 2014 3:18 pm
 
Forum: Personal Consumer Issues
Topic: Who should pay for this meal?
Replies: 71
Views: 4240

Re: Timing of Roth IRA Lump Sum Contributions

Some folks are not eligible for direct Roth IRA contributions. And some don't find out until after they have made Roth IRA contributions. For those folks, it can be a hassle to unwind the Roth contribution, so they should wait to make contributions until they are sure they are eligible to make them.
by livesoft
Sun Dec 21, 2014 2:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Timing of Roth IRA Lump Sum Contributions
Replies: 2
Views: 299

Re: OMG! I married a Lawyer! (Portfolio Review)

Lunch is a possibility, but no pickles and no ice cream. I am less worried about the Small-cap myself. It is reasonably tax-efficient and will sort itself out over time with no further contributions. I have about 50% of my US equities in just two funds: VBR (small-cap value) and FSEVX (extended mark...
by livesoft
Sun Dec 21, 2014 2:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: OMG! I married a Lawyer! (Portfolio Review)
Replies: 16
Views: 3312

Re: 2 HSA or 2 FSA ?

I am almost sure you cannot contribute more to HSA than one family and one single and only then if you have two different HDHPs. I would be surprised if you had two different HDHPs as that would probably cost you more. And here's an answer on the two FSA's: No. https://ttlc.intuit.com/questions/2546...
by livesoft
Sun Dec 21, 2014 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2 HSA or 2 FSA ?
Replies: 2
Views: 330

Re: OMG! I married a Lawyer! (Portfolio Review)

I have to say that your low allocation to international has done your portfolio some good for 2014. Congratulations! I'm intrigued by the mix of Fidelity and Vanguard index funds in the taxable. Is that really 2 accounts, one at Vanguard and one at Fidelity? I'll guess yes, since you will be talking...
by livesoft
Sun Dec 21, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: OMG! I married a Lawyer! (Portfolio Review)
Replies: 16
Views: 3312

Re: Beginner question on expense ratio

In effect, on average 0.17% / 365 of the fund value is removed from the fund every day. Clearly, this does not happen on weekends or holidays, but you get the idea of "on average" and spread out a little bit each day. So on $10,000 that would be about 5 cents a day. If the fund price was $...
by livesoft
Sun Dec 21, 2014 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: Beginner question on expense ratio
Replies: 4
Views: 553

Re: Using balanced funds to avoid rebalancing

There is also the element that rebalancing is a morally correct thing to do and it is one of those things you do because it is good for you. It is like eating your spinach, sitting up straight, and going to the dentist for a checkup. It isn't something one necessarily enjoys doing. So sometimes an ...
by livesoft
Sun Dec 21, 2014 12:26 pm
 
Forum: Investing - Theory, News & General
Topic: Using balanced funds to avoid rebalancing
Replies: 30
Views: 2045

Re: Suggestions for the Wiki

These Vanguard white papers would be useful to add to the list of links in the "ETFs vs Mutual funds" page:
http://www.vanguard.com/pdf/ISGETF.pdf
http://www.vanguard.com/pdf/s803.pdf
by livesoft
Sun Dec 21, 2014 10:20 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 290
Views: 118907

Re: Using balanced funds to avoid rebalancing

Good balanced funds of all major asset classes such as Vanguard's own Target Retirement and Life Strategy funds are getting very hard to outperform. So while I applaud the post by nisiprius and the clever data mining ("and pick a time period over which Balanced Index has made, as nearly as poss...
by livesoft
Sun Dec 21, 2014 10:10 am
 
Forum: Investing - Theory, News & General
Topic: Using balanced funds to avoid rebalancing
Replies: 30
Views: 2045

Re: New boglehead - how do switch?

I suggest you do the switch in the ways that cause you the least taxes and other costs instead of in the ways that cost you the most money.
by livesoft
Sun Dec 21, 2014 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: New boglehead - how do switch?
Replies: 4
Views: 518

Re: Charitable contribution timestamp

IRS publication 526 discusses the timestamp thing: http://www.irs.gov/pub/irs-pdf/p526.pdf Your tax dollars paid for these publications. :) See page 13. When to Deduct and Time of making contribution. I'm chuckling about making a video and certified mail / return receipt. The latter will probably ha...
by livesoft
Sun Dec 21, 2014 9:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Charitable contribution timestamp
Replies: 6
Views: 446

Re: Robinhood has Zero-Commissions - are you buying stock?

Yes, I'm writing of WF. But check this trade out between two brokers, neither of which was WF: http://www.bogleheads.org/forum/viewtop ... 9#p1488409 with a spread of zero.
by livesoft
Sat Dec 20, 2014 11:01 pm
 
Forum: Investing - Theory, News & General
Topic: Robinhood has Zero-Commissions - are you buying stock?
Replies: 35
Views: 7294

Re: need help/one step at a time/vanguard mutual funds

Since it is a Vanguard account and more than $1.5 million, I suggest you simply call up Vanguard and have them fix it for you in one step for no charge. Here is a link very briefly describing their services: https://investor.vanguard.com/what-we-offer/personal-services/flagship-and-flagship-select-s...
by livesoft
Sat Dec 20, 2014 9:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: need help/one step at a time/vanguard mutual funds
Replies: 10
Views: 685

Re: [Dumping Wells Fargo, where to park funds?]

It is true that a 4.5% return for a typical portfolio of US equities, foreign equities, and bonds is not that bad for 2014. The +10% return of your 401(k) is because it was investing in one of the best performing asset classes for 2014: US large caps. Here is a link to the Vanguard benchmark returns...
by livesoft
Sat Dec 20, 2014 9:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Dumping Wells Fargo, where to park funds?]
Replies: 6
Views: 710

Re: Robinhood has Zero-Commissions - are you buying stock?

To me, one kind of price improvement is when I use a non-marketable limit order and I get a better price than the limit. This could be for a buy or a sell. I don't know how NBBO, dark pools, and perhaps internal trading works, but I can see that if the market is dropping fast through a limit to buy,...
by livesoft
Sat Dec 20, 2014 9:04 pm
 
Forum: Investing - Theory, News & General
Topic: Robinhood has Zero-Commissions - are you buying stock?
Replies: 35
Views: 7294

Re: [Dumping Wells Fargo, where to park funds?]

Welcome to the forum. I think you have several good choices for where to do your future investing. Here are some good ones: 1. WellsFargo PMA package with WellsTrade do-it-yourself brokerage. This might be easiest to setup. You can buy index ETFs and index mutual funds there for a small commissions....
by livesoft
Sat Dec 20, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Dumping Wells Fargo, where to park funds?]
Replies: 6
Views: 710

Re: Vanguard white papers, how are they distributed?

Thanks for those links. I was completely unaware of them until you all posted them. I've add to my bookmarks. Thanks!
by livesoft
Sat Dec 20, 2014 7:56 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard white papers, how are they distributed?
Replies: 6
Views: 840

Vanguard white papers, how are they distributed?

Various white papers are linked on the bogleheads forums from time to time. Also I came across a link to another useful Vanguard white paper this past week. However, I have never had a Vanguard white paper pushed to me by Vanguard. Is that because I have no status at Vanguard? I feel like I might be...
by livesoft
Sat Dec 20, 2014 7:42 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard white papers, how are they distributed?
Replies: 6
Views: 840

Re: S&P index fund moving in wrong direction

FUSEX paid a distribution dividend of .386/share Plus a cap gain of .157/share https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/315911206 This speaks to the difference in tax efficiency of Vanguard and Fidelity S&P500 index funds. The extended market index funds tell the same story.
by livesoft
Sat Dec 20, 2014 7:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: S&P index fund moving in wrong direction
Replies: 7
Views: 1255

Re: What are your 2015 Financial Goals?

My financial goal in 2015 is to reduce our marginal income tax rate to 15% or under.
by livesoft
Sat Dec 20, 2014 7:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 100
Views: 6949

Re: Tax Planning for 2015

Wagnerjb wrote:Do you have enough itemized expenses to exceed the standard deduction?

State income taxes alone should be over $14,000 which I think is the standard deduction for MFJ, so they will be able to itemize. And thus they will get to itemize charitable contributions if they choose to make some.
by livesoft
Sat Dec 20, 2014 6:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for 2015
Replies: 7
Views: 1599

Re: What "actively" manged funds do you own?

Vanguard GNMA with Vanguard, it appears to be about 3% of portfolio or so. TIAA traditional annuity about 3% of portfolio or so. TIAA Real Estate Account, about 7% of portfolio The Vanguard Portfolio Watch tool gives a breakdown of this under the My accounts » Portfolio Watch » Costs, taxes & ma...
by livesoft
Sat Dec 20, 2014 6:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: What "actively" managed funds do you own?
Replies: 77
Views: 3806

Re: 1 rollover per year?

Some folks were making IRA withdrawals, using the money for less than 60 days, then depositing the money back into a different custodian and calling it a rollover. They were doing this a few times a year. I think the IRS felt that was an abusive use of IRA money.
by livesoft
Sat Dec 20, 2014 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1 rollover per year?
Replies: 17
Views: 996

Re: 1 rollover per year?

I have seen this "report" which is not true. If one goes to the IRS web site and reads about this, one can see that trustee-to-trustee rollovers are not affected. Nor are conversions to a Roth IRA. Here you go: http://www.irs.gov/Retirement-Plans/IRA-One-Rollover-Per-Year-Rule I even saw a...
by livesoft
Sat Dec 20, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1 rollover per year?
Replies: 17
Views: 996
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