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Re: How did you buy your largest home?

We waited until our late 30's to buy our largest and only home. We rented before that. The home is 3000+ sq ft, 4 b, 3.5 ba and cost less than $200K. We put 20% down and got a fixed rate 30-year mortgage. A couple of refinancings lowered the mortgage payments. Index funds were sold to pay off the mo...
by livesoft
Wed Oct 22, 2014 7:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you buy your largest home?
Replies: 6
Views: 662

Re: Which lots do you sell when redeeming shares?

nobsinvestor wrote:And what if there are no losses? Use my VTI example.

In all cases, sell the shares that will cost you the least in taxes.
by livesoft
Wed Oct 22, 2014 2:55 pm
 
Forum: Investing - Theory, News & General
Topic: Which lots do you sell when redeeming shares?
Replies: 14
Views: 731

Re: Which lots do you sell when redeeming shares?

Sell shares with a loss first. Holding period won't matter, but short-term losses are more versatile than long-term losses on your tax return, so one may consider them "better".
by livesoft
Wed Oct 22, 2014 1:21 pm
 
Forum: Investing - Theory, News & General
Topic: Which lots do you sell when redeeming shares?
Replies: 14
Views: 731

Re: question about "avoid buying the dividend"

Also be aware about what causes a qualified dividend to be morphed into a non-qualified dividend because the latter has a higher tax rate. One may say, "But I am going to hold the shares more than 61 days anyways." But we have seen in the past few weeks that folks are NOT going to hold the...
by livesoft
Wed Oct 22, 2014 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: question about "avoid buying the dividend"
Replies: 11
Views: 760

Re: Tax question for capital gains in tax-deferred account

If you sell and realize capital gains in the account, you will not have to pay capital gains taxes.

If you withdraw from the account, then any gains are considered income and taxed at your ordinary income tax rate and not at your capital gains tax rate.
by livesoft
Wed Oct 22, 2014 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax question for capital gains in tax-deferred account
Replies: 3
Views: 239

Re: Slice & Dice International

I find simpler is Large vs Small as in VEU (large-cap foreign) plus VSS (small-cap foreign). These both have Developed and Developing countries in them. If one wishes to overweight developing countries (emerging markets) then VWO (large-cap EM) and EWX (small-cap EM) are available. One could also de...
by livesoft
Wed Oct 22, 2014 11:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Slice & Dice International
Replies: 3
Views: 364

Re: 529 Strategies

2) Growth and original principal cannot be separated on withdrawal. The situation you described would have these 2 pro-rated to the places you sent the money: The School and Your Checking Account, so you would end up with a penalty for the Growth that ended up in Your Checking Account.
by livesoft
Tue Oct 21, 2014 8:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Strategies
Replies: 3
Views: 621

Re: Withdrawal from a 529

I am 4 years into what I wrote previously in this thread above and have claimed the AOC and not gotten an IRS letter in all those years. I think your concern is unfounded, but maybe I'm a lucky guy. If I had received a letter from the IRS, I would have sent them a copy of the 1098T. No big deal. But...
by livesoft
Tue Oct 21, 2014 8:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Withdrawal from a 529
Replies: 5
Views: 555

Re: Electricity Adaptor for Europe

Look at your AC adapter bricks. Do they say they can use 220-240 V? Most all of them do. It is rare nowadays that some don't. If they don't, then you probably do not even need that device or appliance anyways. All you need then is a plug adapter kit. If you get one kit with adapters, then also bring...
by livesoft
Tue Oct 21, 2014 7:33 pm
 
Forum: Personal Consumer Issues
Topic: Electricity Adaptor for Europe
Replies: 10
Views: 558

Re: capital loss

Yes, if you have an account, you really MUST read the instructions for Schedule D and UNDERSTAND how to report your gains and losses. Then you can answer this question for people who ask it.
by livesoft
Tue Oct 21, 2014 2:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: capital loss
Replies: 3
Views: 323

Re: Withdrawal from a 529

It doesn't matter. We have had the withdrawals sent to me via a check made out to the account owner which is me and not to the beneficiary which is the student. The 529 plan will send you a 1099Q and the college should send a 1098T to the student. Get your student to give you a copy of the 1098T.
by livesoft
Tue Oct 21, 2014 11:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Withdrawal from a 529
Replies: 5
Views: 555

Re: tax help

Tax efficiency does not matter in a tax-deferred account like a 401(k), 403(b), 457, traditional IRA, etc nor in Roth IRA, or Roth 401(k). Are any of these funds held in a taxable account where tax-efficiency may matter? To determine tax-efficiency, look at the distributions paid by these funds for ...
by livesoft
Tue Oct 21, 2014 11:37 am
 
Forum: Investing - Help with Personal Investments
Topic: tax help
Replies: 2
Views: 321

Re: Write-off capital loss against capital gains?

One can write-off a realized capital loss against ordinary income, but only at a pace of $3,000 per tax year with any excess capital loss carried over to the next tax to year to be used again (at the $3,000 per year pace). One can write-off a realized capital loss against realized capital gains, too...
by livesoft
Tue Oct 21, 2014 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Write-off capital loss against capital gains?
Replies: 27
Views: 1183

Re: Benefits to a larger than necessary house (as children g

I have some personal experience in this area. As already noted, a larger house, a larger yard, and even a fence will not be that helpful and will exasperate the situation. Hire a maid to clean to house every week. Hire someone to help with child care too, if needed. I think the maid(s) will be helpf...
by livesoft
Tue Oct 21, 2014 9:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Benefits to a larger than necessary house (as children grow)
Replies: 31
Views: 3244

Re: Can a homemaker use a Roth & i401k?

As long as the married couple has income (compensation) to cover their Roths, both spouses can ocntribute to a Roth. The compensation can come from either one or both of them. You might search on "spousal IRA".
by livesoft
Tue Oct 21, 2014 7:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Can a homemaker use a Roth & i401k?
Replies: 14
Views: 967

Re: UGMA Custodial Account Redemption

OK, invested in VAFAX. Is the VAFAX in a variable annuity in a UGMA custodial account at Primerica?
by livesoft
Mon Oct 20, 2014 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: UGMA Custodial Account Redemption
Replies: 5
Views: 369

Re: funding roth ira for son

Your son should put on his big boy pants and do this himself. I made my son open an account on line at Vanguard, fill in the info, set up ACH transfers from his own checking account with Vanguard, send in the W9 with proof of his identity, etc. Your son will probably come home at Thanksgiving or Chr...
by livesoft
Mon Oct 20, 2014 7:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: funding roth ira for son
Replies: 10
Views: 1079

Re: UGMA Custodial Account Redemption

Find out what the account is invested in. It is possible that it is invested in a variable annuity. That might mean that taxes were not due in the past. It might also mean a withdrawal penalty. Find out.
by livesoft
Mon Oct 20, 2014 5:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: UGMA Custodial Account Redemption
Replies: 5
Views: 369

Re: Plan of attack for Tax Lost Harvesting VTIAX and VTSAX

Will this have any other impact on my taxes in the future? Or would it simply be if did this exchange today and sold at any point in the next year for a profit, I'd owe short term capital gains? Also, I'm 31, so a lot of time horizon left. Would it be safe to assume at some point in the next 20 yea...
by livesoft
Mon Oct 20, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Plan of attack for Tax Lost Harvesting VTIAX and VTSAX
Replies: 14
Views: 833

Re: Plan of attack for Tax Lost Harvesting VTIAX and VTSAX

nobsinvestor wrote:Would it be considered a wash sale if one sold VTIAX and bought the Fidelity or Schwab Total International Market Index? Does the IRS consider that to be the same type of security so to speak?

That controversial with no known answer.
by livesoft
Mon Oct 20, 2014 11:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Plan of attack for Tax Lost Harvesting VTIAX and VTSAX
Replies: 14
Views: 833

Re: Plan of attack for Tax Lost Harvesting VTIAX and VTSAX

Here is simple:

Exchange all loser shares of VTIAX to VFWAX now. Do nothing else.
Exchange all loser shares of VTSAX to VLCAX now. Do nothing else.
by livesoft
Mon Oct 20, 2014 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Plan of attack for Tax Lost Harvesting VTIAX and VTSAX
Replies: 14
Views: 833

Re: What's wrong with dividend ETF's in a taxable account?

Even tax-efficient investments such as VTI, VEA, VWO, and VXUS pay dividends. There is nothing wrong with that. Indeed, dividends in a taxable account are very difficult to avoid. One would like such dividends to be so-called "qualified" dividends taxed at a favorable rate.
by livesoft
Mon Oct 20, 2014 11:16 am
 
Forum: Investing - Theory, News & General
Topic: What's wrong with dividend ETF's in a taxable account?
Replies: 4
Views: 372

Re: VWRL a great buy right now?

I would not consider it a "great buy", but if your asset allocation says that you need more VWRL, then it would not be a bad buy right now.
by livesoft
Mon Oct 20, 2014 9:45 am
 
Forum: Investing - Theory, News & General
Topic: VWRL a great buy right now? [Vanguard FTSE All-World ETF]
Replies: 6
Views: 683

Re: How do so many HCEs contribute the max to 401k

So at the end of the day there isn't much risk here. Worst case scenario is I get a check back and pay taxes that I would have paid anyway. Best case, my company passes the test and I keep the money in. Right? Right. This assumes that your company accountants are competent and will issue you a chec...
by livesoft
Mon Oct 20, 2014 9:40 am
 
Forum: Investing - Help with Personal Investments
Topic: How do so many HCEs contribute the max to 401k
Replies: 29
Views: 2396

Re: Plan of attack for Tax Lost Harvesting VTIAX and VTSAX

Your plan is not what I would do. First, you should know when dividends are paid by these funds and when or if they were just paid. You don't have to turn off dividend re-investment because there will not be any dividends to be paid for a while. Second, if after 31 days of the purchase of the new re...
by livesoft
Mon Oct 20, 2014 9:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Plan of attack for Tax Lost Harvesting VTIAX and VTSAX
Replies: 14
Views: 833

Re: How do so many HCEs contribute the max to 401k

Debating whether or not I should kick it up to 50% for the rest of the year and see what happens. Does anyone have any experience with over contributing as a HCE? I have overcoontributed in the past. Here is what happens: The 401(k) plan conducts an audit in March or later. The plan administrator d...
by livesoft
Mon Oct 20, 2014 9:22 am
 
Forum: Investing - Help with Personal Investments
Topic: How do so many HCEs contribute the max to 401k
Replies: 29
Views: 2396

Re: How do so many HCEs contribute the max to 401k

A decent company match can help the non-HCEs contribute enough so that the HCEs can contribute the max. A so-called safe-harbor 401(k) plan will have the employer make enough contributions for non-HCEs so that HCEs can contribute the max. Here is a pdf link about safe harbor plans: https://www.lfg.c...
by livesoft
Sun Oct 19, 2014 10:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do so many HCEs contribute the max to 401k
Replies: 29
Views: 2396

Re: When to think about tax lost harvesting

I enjoy tax-loss harvesting at the biggest loss for the year whether in December or earlier. The trick is to do it at the low point of the market for the year. That way, your replacement shares (whatever they are) will not need to TLH'd for quite some time if ever.
by livesoft
Sun Oct 19, 2014 5:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to think about tax lost harvesting
Replies: 15
Views: 1168

Re: POLL: How fulfilling is your retirement?

I had high expectations and it is about what I expected. One may say, that I had made some plans.
by livesoft
Sun Oct 19, 2014 9:17 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How fulfilling is your retirement?
Replies: 34
Views: 2974

Re: Missing Dividend Payment Information

Perhaps look at the reported returns for funds that you are not using?
by livesoft
Sat Oct 18, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing Dividend Payment Information
Replies: 27
Views: 1536

Re: Thoughts on Paul Merriman's Portfolio

A Merriman portfolio was the 'inspiration' for a very long and useful thread:
viewtopic.php?t=38374

So lots of thoughts about it in that thread.
by livesoft
Sat Oct 18, 2014 2:01 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on Paul Merriman's Portfolio
Replies: 38
Views: 2240

Re: How do spreads work on highly illiquid and liquid ETFs?

Some of the ETFs talked about in the forum did not exist in 2008. I had no problems with the ones I used at that time.

Some other threads to read:
viewtopic.php?t=42941
viewtopic.php?f=10&t=148318
by livesoft
Sat Oct 18, 2014 1:56 pm
 
Forum: Investing - Theory, News & General
Topic: How do spreads work on highly illiquid and liquid ETFs?
Replies: 11
Views: 418

Re: How do spreads work on highly illiquid and liquid ETFs?

Fair enough, but like I was asking, would there ever be any reason why I'd go and purchase X amount of VTI, VXUS, or FM, and instead of getting 1 share for the stated price, I'd have to pay slightly more for bid/ask reasons? Yes, if you submit a market order to buy for one share, you have to pay sl...
by livesoft
Sat Oct 18, 2014 1:38 pm
 
Forum: Investing - Theory, News & General
Topic: How do spreads work on highly illiquid and liquid ETFs?
Replies: 11
Views: 418

Re: How do spreads work on highly illiquid and liquid ETFs?

ETFs are very highly illiquid when the stock market is closed such as on a weekend. Thus a spread of 1.72% is basically not real and probably just derived from a so-called stub quote. Revisit this thread when the market is open, say about 15 minutes after that and tell us the spreads that you see th...
by livesoft
Sat Oct 18, 2014 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: How do spreads work on highly illiquid and liquid ETFs?
Replies: 11
Views: 418

Re: "I've had it" at work - how often

Maybe I was the guy creating the BS, so I never felt this way. Instead of saying "I've had it" I got others around me to adjust.
by livesoft
Sat Oct 18, 2014 1:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 150
Views: 11693

Re: What tax software do you use and why

@dodecahedron, I was not able to download from Fidelity all the numbers needed for my tax return because Fidelity did not bother to create a 1099INT and 1099DIV for accounts with low values for interest and dividends. Fidelity did not even create nor send out a 1099INT nor a 1099DIV for this income ...
by livesoft
Sat Oct 18, 2014 10:28 am
 
Forum: Personal Finance (Not Investing)
Topic: What tax software do you use and why
Replies: 54
Views: 2516

Re: Missing Dividend Payment Information

There possibility does exist that whatever firm runs the plan takes the dividends for themselves. One way to find out the fees is to not contribute to a fund over a quarter and see that its return matches the return of the index or a proxy fund with dividends re-invested. If your dividends were goin...
by livesoft
Sat Oct 18, 2014 9:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Missing Dividend Payment Information
Replies: 27
Views: 1536

Re: What tax software do you use and why

[…] This year might be a little more complicated as I sold some stocks. I guess we'll see! What do you use and why? Do you ever run the free versions of others to double check? Reporting stock sales has never been complicated if you have good records. It is rather trivial in fact, so that is not re...
by livesoft
Sat Oct 18, 2014 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: What tax software do you use and why
Replies: 54
Views: 2516

Re: What is your tax loss harvest strategy?

In addition to agreeing with grabiner's response just above, I believe that harvesting losses before they go long-term and while they are still short-term is a way to help avoid the loss aversion behavioral finance trap.
by livesoft
Fri Oct 17, 2014 11:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your tax loss harvest strategy?
Replies: 17
Views: 1611

Re: Livesoft - Thank you

You are welcome. Thanks back to everyone else, too. Many folks contribute to the success of the forum, so don't forget to thank them as well.

I really appreciate the thanks, but let's get back to whatever we were doing before this thread showed up. :)
by livesoft
Fri Oct 17, 2014 2:37 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Livesoft - Thank you
Replies: 37
Views: 4018

Re: Tax Loss Harvesting with Emergency Fund

You can do this: Double up on VTIAX now and undouble 31 days later. So that would be: Buy $10,000 more of VTIAX. Wait 31 days. Sell the VTIAX with loss. The advantage is that if VTIAX goes up you make lots of money. If VTIAX goes down, you get a bigger tax deduction. Or you can stay out of VTIAX for...
by livesoft
Fri Oct 17, 2014 12:45 am
 
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting with Emergency Fund
Replies: 7
Views: 528

Re: TLH Please double-check my counting

This thread is not about wash sales, but is about whether a dividend will be designated "qualified" and have a favorable tax rate. There are some holding period rules for the underlying shares that must be met or a qualified dividend will be "disqualified" and no longer receive q...
by livesoft
Thu Oct 16, 2014 11:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: TLH Please double-check my counting
Replies: 4
Views: 368

Re: First investment stratefy meeting with new FA, $6M trust

My impression is that taxes would kill one if 3-4 funds out of a dozen were changed in a trust annually. It is also a "skating where the puck was" methodology. One can use index funds in a simple 3-fund portfolio or a slice-and-dice portfolio. Neither of these methodologies would suffer fr...
by livesoft
Thu Oct 16, 2014 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4507

Re: Market Slide Percentages?

With 57% equities, I cannot see how one can only be down 0.021% over past 6 days. What have the market averages done over the same time period?
by livesoft
Thu Oct 16, 2014 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market Slide Percentages?
Replies: 28
Views: 1858

Re: Roll Over Old TIAA CREF Account?

I also have an old TIAA-CREF 403(b) account. I have not rolled it over. It is basically in "set-and-forget" mode or nearly so. I agree with tibbitts: Nobody knows what the terms of your TIAA contract is. Nobody knows how much money you have invested in TIAA or how big a percentage of your ...
by livesoft
Thu Oct 16, 2014 11:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Roll Over Old TIAA CREF Account?
Replies: 15
Views: 764

Re: Dealing with Volatility

Nobody complains about volatility when things are going up.
by livesoft
Thu Oct 16, 2014 10:05 am
 
Forum: Investing - Theory, News & General
Topic: Dealing with Volatility
Replies: 14
Views: 1112

Re: Moving IRA from TD to Vanguard

The label does not matter.
by livesoft
Thu Oct 16, 2014 9:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Moving IRA from TD to Vanguard
Replies: 22
Views: 1295

Re: Dry Powder

@pop77, I don't keep cash as dry powder. I use my bond funds instead. In the past 3 months, total US bond index fund has gone up 2% and a short-term corportate bond index fund has gone up 0.9%. I prefer those kinds of returns while waiting to rebalance rather the return of cash of 0.02%. And those b...
by livesoft
Thu Oct 16, 2014 9:09 am
 
Forum: Investing - Theory, News & General
Topic: Dry Powder
Replies: 49
Views: 3502

Re: Fleeting RBD for large-cap US and emerging markets?

Thanks for the clarifications livesoft. If you don't mind a few follow up questions ... So to summarize, your worst RBDs over the previous 120 days are based on close prices, but you would buy an ETF intraday if it met the RBD criteria? I can say that I might buy an ETF intraday if it met the RBD c...
by livesoft
Thu Oct 16, 2014 12:41 am
 
Forum: Investing - Theory, News & General
Topic: Fleeting RBD for large-cap US and emerging markets?
Replies: 16
Views: 1227

Re: Fleeting RBD for large-cap US and emerging markets?

I'm just getting to reading this thread because of a very busy day running a workshop. Yes, I suppose an RBD drop could be intraday, followed by recovery, but I hadn't really thought much about it. I usually would check late in the trading session especially if I was going to make an exchange in mut...
by livesoft
Wed Oct 15, 2014 7:57 pm
 
Forum: Investing - Theory, News & General
Topic: Fleeting RBD for large-cap US and emerging markets?
Replies: 16
Views: 1227
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