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Re: Switching to doing my own taxes

So you didn't get all the worksheets from the accountant that also come with a tax return?
by livesoft
Sun Feb 01, 2015 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching to doing my own taxes
Replies: 8
Views: 335

Re: Switching to doing my own taxes

What did your accountant give you for 2013?
by livesoft
Sun Feb 01, 2015 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Switching to doing my own taxes
Replies: 8
Views: 335

Re: Roth IRA for 16 year old with 1099-MISC income

He should do his own tax return starting with deciding whether he should file or not. He can read about that probably in Publication 17 or somewhere on the IRS web site. It has been more than 50 years since I did my own tax return at age 16, but I think 16-year-olds are still capable doing this them...
by livesoft
Sun Feb 01, 2015 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for 16 year old with 1099-MISC income
Replies: 2
Views: 176

Re: Take the job?

Kinda reminds me of the first time my kid was asked to go down a slide. He refused for all kinds of reasons. Then he went down the slide. You can imagine how that worked out.
by livesoft
Sun Feb 01, 2015 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Take the job?
Replies: 51
Views: 1692

Re: Any Tricks for finding cost basis?

Request all the tax returns of your parents. One may be able to figure out how much dividends were paid on each fund and when. Also your parents' broker does not have to answer to you, but to your parents. They can go to the broker's supervisor, then their supervisor, then on upwards. If you were go...
by livesoft
Sun Feb 01, 2015 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Any Tricks for finding cost basis?
Replies: 8
Views: 312

Re: Buy High, Sell Low : Avoid Market Timing

Do you ever find yourself doing this? The market is on a roll doing great so you get greedy and buy more equities. The market tanks so you sell your equities and lose faith in investing. […] How do you avoid market timing? No, I don't find myself doing this. Instead, I put into my IPS that I must b...
by livesoft
Sun Feb 01, 2015 11:02 am
 
Forum: Investing - Theory, News & General
Topic: Buy High, Sell Low : Avoid Market Timing
Replies: 6
Views: 430

Re: "If All Else is Equal..." General Concept vs. Reality

Would it not make more sense to use Vanguard's excellent low-cost bond funds, available in an IRA rollover and Roth IRAs (mine/spouse), instead of using The Bond Fund of America, just because its the "cheapest" option in my American Funds-only 401(k) plan? Thanks for the help! :happy Prob...
by livesoft
Sun Feb 01, 2015 11:00 am
 
Forum: Investing - Help with Personal Investments
Topic: "If All Else is Equal..." General Concept vs. Reality
Replies: 10
Views: 388

Re: VB or VBR?

midareff wrote:or in other words... when you decide which one is for you, buy the other.

Actually, I would say, buy both. That will minimize regret.
by livesoft
Sun Feb 01, 2015 8:33 am
 
Forum: Investing - Theory, News & General
Topic: VB or VBR? [Vanguard Small Cap or Small Cap Value]
Replies: 8
Views: 385

Re: VB or VBR?

There is no way to predict the future, but I will make a prediction anyways: Whichever one you buy, the other one will do better.
by livesoft
Sun Feb 01, 2015 8:21 am
 
Forum: Investing - Theory, News & General
Topic: VB or VBR? [Vanguard Small Cap or Small Cap Value]
Replies: 8
Views: 385

Re: Thoughts on DFA equities?

For taxable investors, DFA has tax managed small and value funds. Tilting to small and value is relatively tax inefficient. …. Just focussing on that last statement: The tax cost of Vanguard small-cap value index fund in 2014 was about 0.34%. Here are some preliminary tax costs for some Vanguard fu...
by livesoft
Sun Feb 01, 2015 8:05 am
 
Forum: Investing - Theory, News & General
Topic: Thoughts on DFA equities?
Replies: 17
Views: 1137

Re: The Efficient Frontier and your portfolio

nisiprius wrote:
livesoft wrote:I showed some Personal Capital output including an efficient frontier comment in this thread: http://www.bogleheads.org/forum/viewtop ... 8#p2328668
What year range is that efficient frontier chart covering?

Who knows? Perhaps it is just marketing hype and not a real thing.
by livesoft
Sat Jan 31, 2015 10:28 pm
 
Forum: Investing - Theory, News & General
Topic: The Efficient Frontier and your portfolio
Replies: 6
Views: 719

Re: Mistake on W2 question

So are you asking us to contact your employer for you and have them fix their mistake on your withholding and W2?
by livesoft
Sat Jan 31, 2015 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mistake on W2 question
Replies: 16
Views: 695

Re: How much is a safe car worth?

Re: Camry and ESC: When you turn on the ignition all the lights in the dash light up and one would be ESC or VSC in earlier Toyotas.
by livesoft
Sat Jan 31, 2015 10:09 pm
 
Forum: Personal Consumer Issues
Topic: How much is a safe car worth?
Replies: 62
Views: 1611

Re: How much is a safe car worth?

I don't think the zero deaths things is true. They rounded the number down to zero. One can buy used safe cars. My daughter drives my old 2001 which I bought used. It has airbags, ESC, seatbelts, traction control, ABS, etc. and no accidents that I am aware of in 13 years of my ownership. It is possi...
by livesoft
Sat Jan 31, 2015 9:46 pm
 
Forum: Personal Consumer Issues
Topic: How much is a safe car worth?
Replies: 62
Views: 1611

Re: Should I participate in my 401k?

Let me show you the calculations I was thinking of. I don't need a spreadsheet to do them. I will use an expense ratio of 0.08% for non-401(k) assets and 0.9% for 401(k) assets. Scenario A: $11,000 contribution to trad IRA at 0.08% expense ratio, cost $8.80, but future gains taxed big time. $45,000 ...
by livesoft
Sat Jan 31, 2015 9:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 34
Views: 1486

Re: Mistake on W2 question

This mistake has wasted 2 hours of your life, but if you had just called your payroll folks in the first 10 minutes, you would have saved 110 minutes of your life.
by livesoft
Sat Jan 31, 2015 8:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mistake on W2 question
Replies: 16
Views: 695

Re: Does percent of International affect Otar calculator

It will not have a significant impact on the results.
by livesoft
Sat Jan 31, 2015 8:27 pm
 
Forum: Investing - Theory, News & General
Topic: Does percent of International affect Otar calculator
Replies: 3
Views: 351

Re: "Retiring in a Low-Return Environment"

Let's ditch the Alpo metaphor. Oldsters will be going to Costco and cruising around in the electric scooters from gnosh station to gnosh station.
by livesoft
Sat Jan 31, 2015 8:13 pm
 
Forum: Investing - Theory, News & General
Topic: "Retiring in a Low-Return Environment"
Replies: 70
Views: 6400

Re: Take the job?

One might also be surprised at what a magnetic attraction a new baby will have on their in-laws.
by livesoft
Sat Jan 31, 2015 8:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Take the job?
Replies: 51
Views: 1692

Re: any "gotcha" tax headaches for trading in IRAs?

A big tax headache for trading in IRAs is that one cannot deduct their losses, so try not to lose money in your IRAs.

For more on how to not pay taxes as a retiree, here's a thread: http://www.bogleheads.org/forum/viewtopic.php?t=87471
by livesoft
Sat Jan 31, 2015 7:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: any "gotcha" tax headaches for trading in IRAs?
Replies: 10
Views: 565

Re: Is This Market Timing?

What if after the 3rd month, the market is not down 2%, what will you do?
by livesoft
Sat Jan 31, 2015 7:55 pm
 
Forum: Investing - Theory, News & General
Topic: Is This Market Timing?
Replies: 7
Views: 305

Re: Take the job?

Take the job. Here is my editorial comment: I think at least 80% of males would not even ask for advice on this and take the job. If their spouse was pregnant and complained about humidity, they would still take the job. Fear of hurricanes? Sure, hurricanes are serious, but one gets days notice. Wha...
by livesoft
Sat Jan 31, 2015 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Take the job?
Replies: 51
Views: 1692

Re: Should I participate in my 401k?

OK, I see what you did. You made it complicated by looking at your accounts with their existing dollar values. Ignore your current accounts. This is all about the scenarios A and B that I gave for new money. It is about $56,000. In your google doc, I only saw $5,500 to the IRA and not two IRAs (you,...
by livesoft
Sat Jan 31, 2015 7:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 34
Views: 1486

Re: Should I participate in my 401k?

Perhaps you can show me your calculations because I don't understand where you got your numbers. Or maybe you are not including everything?
by livesoft
Sat Jan 31, 2015 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 34
Views: 1486

Re: Semi-annual Furnace/AC Inspection

I googled "How to Inspect HVAC" and came up with lots of articles and videos. I looked at several of them and did not see anything that made me want to pay to have my systems inspected. OTOH, I am mechanically adept, very good at diagnosing and fixing things, and suffer from overconfidence...
by livesoft
Sat Jan 31, 2015 6:24 pm
 
Forum: Personal Consumer Issues
Topic: Semi-annual Furnace/AC Inspection
Replies: 16
Views: 812

Re: Should I participate in my 401k?

EdLaFave wrote:I'm working on that math problem now. I'm not sure I understand your comments about the AGI being $7,000 less if I participate in the 401k? Is that equivalent to saying my tax bill will be $4,500 ($18,000 * 25%) lower?

No, it is not.
by livesoft
Sat Jan 31, 2015 6:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 34
Views: 1486

Re: Retirement investment for MD

A joint taxable account invested tax-efficiently is an excellent retirement investment. It can also be used for any other expenses. It would need only 3 funds in it: Total US Stock Market Index, Total International Stock Market Index. Intermediate Tax-exempt bond fund. Other typical accounts should ...
by livesoft
Sat Jan 31, 2015 5:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement investment for MD
Replies: 7
Views: 473

Re: Semi-annual Furnace/AC Inspection

What is the risk to you if the darn thing stops working? For us, there is really no risk since we have two separate HVAC units: one for upstairs and one for downstairs. Either one will keep the whole house livable. We never have them inspected professionally, but I look at them once in a while. What...
by livesoft
Sat Jan 31, 2015 4:05 pm
 
Forum: Personal Consumer Issues
Topic: Semi-annual Furnace/AC Inspection
Replies: 16
Views: 812

Re: Should I participate in my 401k?

So far so good! You begin to lose me when you explore the idea that investing in a 401k is superior because I'd be putting my "money in Roth IRA instead of a taxable account". Suppose you have $56,000 that you can contribute annually to investments. Let's look at two scenarios: A. Contrib...
by livesoft
Sat Jan 31, 2015 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 34
Views: 1486

Re: The Efficient Frontier and your portfolio

I showed some Personal Capital output including an efficient frontier comment in this thread: http://www.bogleheads.org/forum/viewtop ... 8#p2328668
by livesoft
Sat Jan 31, 2015 3:22 pm
 
Forum: Investing - Theory, News & General
Topic: The Efficient Frontier and your portfolio
Replies: 6
Views: 719

Re: All Seasons Portfolio: new Tony Robbins book

One reason might be that lots of folks do not believe what was written in the book.

Start here: http://www.bogleheads.org/forum/viewtop ... &p=2264309
by livesoft
Sat Jan 31, 2015 3:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: All Seasons Portfolio: new Tony Robbins book
Replies: 3
Views: 343

Re: Question about deducting points when refinancing mortgag

I like what you are doing. I would also say that this is one of those things that would not bother me if I had done it wrong. I would let the IRS explain it to me in an audit if it came to that, but not do I doubt it would come to that, I also doubt anybody from the IRS could explain it anyways.
by livesoft
Sat Jan 31, 2015 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about deducting points when refinancing mortgage
Replies: 5
Views: 387

Re: forgoing foreign tax credit

I'll ask this question in this thread: Can someone please tell me the foreign taxes paid in 2014 by FSGDX please? Or direct me to the Fidelity page where the number is? I have FSGDX in my 401(k) so those numbers are not forthcoming to me. Vanguard has finally posted some 2014 foreign tax credit info...
by livesoft
Sat Jan 31, 2015 3:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: forgoing foreign tax credit
Replies: 7
Views: 693

Re: Should I participate in my 401k?

0.7% is not bad. 1.5% is bad. 1.9% is outrageous. More context: In a taxable account for someone in the 25% marginal income tax bracket, the annual taxes on the dividends impose an additional tax cost of between 0.3% and 0.5% per year. The OP is surely paying that tax cost every year in their taxabl...
by livesoft
Sat Jan 31, 2015 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 34
Views: 1486

Re: Should I participate in my 401k?

Yes, the bond fund in your 401(k) is the optimal choice. My spouse did that for years and years with a bond fund with a 1.9+% expense ratio. Once her 401(k) was large enough, she was able to borrow from the 401(k) and invest the borrowed money elsewhere. That saved her about 1.9% on the borrowed mon...
by livesoft
Sat Jan 31, 2015 11:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 34
Views: 1486

Re: Should I participate in my 401k?

Unfortunately, in this forum the worship of low expense ratios at all costs has gotten out of hand. The OP would be able to have their entire 401(k) in funds with expense ratios below 0.5% plus Roth IRAs plus taxable account if they used the 401(k) plan. The decision to use the 401(k) plan is really...
by livesoft
Sat Jan 31, 2015 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 34
Views: 1486

Re: Excess HSA contribution - do I need new W2?

If you have not removed the excess contributions, then the 2014 1099-SA will not have that information. Did you read the IRS publications (including the instructions to Form 8889). See Form 8889 Line 14b. Note also that one needs to not only remove the excess contributions but also any investment ga...
by livesoft
Sat Jan 31, 2015 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Excess HSA contribution - do I need new W2?
Replies: 9
Views: 425

Re: Chaos, complexity and entropy [for non-physicists]

Before the thread is locked, could anyone please explain how the paper is actionable ? What is main point of the paper for non physicists or non financial experts like me ? Thank you. The paper might help one realize that they have an irrational fear of losing money and an irrational desire to inve...
by livesoft
Sat Jan 31, 2015 10:17 am
 
Forum: Investing - Theory, News & General
Topic: Chaos, complexity and entropy [for non-physicists]
Replies: 88
Views: 4679

Re: Should I participate in my 401k?

Your 401(k) plan is fantastic compared to every 401(k) plan that my spouse has ever participated in. Yes, you definitely should participate in it. Also are your traditional IRA contributions even deductible? I believe simply being eligible* for the 401(k) makes them non-deductible unless your income...
by livesoft
Sat Jan 31, 2015 10:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 34
Views: 1486

Re: What is your portfolio comparison benchmark?

I used to use Target Retirement funds as my benchmarks (See this post: viewtopic.php?p=1571110#p1571110 ), but since I made my asset allocation 29% US stocks, 29% Int'l stocks, …. I just switched to using those 60/40 funds as my benchmarks.
by livesoft
Fri Jan 30, 2015 11:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your portfolio comparison benchmark?
Replies: 11
Views: 867

Re: Poll: Do you contribute max to tax-advantaged before 529

I'll throw this out there: I think most people cannot figure out how saving the maximum for their retirement is a good way to pay for college for their kids.
by livesoft
Fri Jan 30, 2015 11:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you contribute max to tax-advantaged before 529?
Replies: 25
Views: 1606

Re: Poll: Do you contribute max to tax-advantaged before 529

...and I guess I'm one of the few that put their interests ahead of mine. To each his own. There are many on the forum that put the interests of others ahead of their own. We are paying 100+% of the costs of undergraduate degrees for our children. I would guess that the 60+% of poll respondents who...
by livesoft
Fri Jan 30, 2015 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you contribute max to tax-advantaged before 529?
Replies: 25
Views: 1606

Re: Excess HSA contribution - do I need new W2?

I made an excess contribution to my HSA in 2014. I did not need to correct my W-2. I did need to withdraw the excess and will need to report that on my tax return. It is pretty easy and explained well in the IRS publication and form about HSAs. TurboTax handles this easily as well. See also: https:/...
by livesoft
Fri Jan 30, 2015 10:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess HSA contribution - do I need new W2?
Replies: 9
Views: 425

Re: Poll: Do you contribute max to tax-advantaged before 529

I did not realize that 529 plans were such an emotional issue for folks. To me money is money, but to other folks it is not. Here is an article by Ron Lieber today in the NYTimes about the emotions: http://www.nytimes.com/2015/01/31/your-money/paying-for-college/the-wouldve-shouldve-and-couldve-of-t...
by livesoft
Fri Jan 30, 2015 9:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you contribute max to tax-advantaged before 529?
Replies: 25
Views: 1606

Re: What is your portfolio comparison benchmark?

Benchmark? Why is there a need for a benchmark if using index funds? Paul Because you may be rebalancing or tax-loss harvesting in a weird way. Suppose you have a 60/40 portfolio in separate funds and do your own rebalancing. Then you discover that you are underperforming Vanguard LifeStrategy Mode...
by livesoft
Fri Jan 30, 2015 8:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your portfolio comparison benchmark?
Replies: 11
Views: 867

Re: One Fund Stox Portfolio? VTI

Cash is part of your fixed income allocation. 3-4 years cash would seem to be 10% to 16% allocation to cash which is significant.
by livesoft
Fri Jan 30, 2015 8:43 pm
 
Forum: Investing - Theory, News & General
Topic: One Fund Stox Portfolio? VTI
Replies: 4
Views: 416

Re: Another "Professional Investment Advisor" portfolio

Post it anonymously in the company lunchroom. See how long it stays up.
by livesoft
Fri Jan 30, 2015 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Another "Professional Investment Advisor" portfolio
Replies: 2
Views: 329

Re: College education - 529 Portfolio advise

Why "manage" these accounts when the 529 plan provider will manage them for you with either an age-based option or a LifeStrategy option? I would not overfund these accounts either. There are significant tax breaks for the middle class for college education expenses that will not go away i...
by livesoft
Fri Jan 30, 2015 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: College education - 529 Portfolio advise
Replies: 5
Views: 322

Re: Whom do you consider as your friends?

I go on vacation with my friends. Often to faraway places.
by livesoft
Fri Jan 30, 2015 7:33 pm
 
Forum: Personal Consumer Issues
Topic: Whom do you consider as your friends?
Replies: 8
Views: 957

Re: Roth IRA vs 529 vs other for college savings

Money would not be locked into a 529. One can withdraw it at any time and spend it. But if you are going to save for college, it is a superb way to do so. It would be weird to not use a 529 for that purpose given that the money was gifted to the kid(s) for that purpose.
by livesoft
Fri Jan 30, 2015 5:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA vs 529 vs other for college savings
Replies: 11
Views: 804
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