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Cost Basis and 1099-B/Taxes

Hello, I am trying to do my taxes, and I am using Turbo Tax. It allows you to import forms from various banks and financial institutions. Last year I transferred a bunch of funds to Vanguard Brokerage. I then sold them and received a 1099-B form from them. However, I have one fund that was sold that...
by mmicha
Sun Mar 02, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cost Basis and 1099-B/Taxes
Replies: 4
Views: 224

Re: Portfolio Allocation Assistance

I like the second option... Though right now I'm not against the risk of the Target 2050 since it isn't a lot of money. That's fine too. It puts your overall portfolio a little more aggressive than 70/30, but you've got room to be more aggressive if you want. I've got to think more about what you a...
by mmicha
Tue Jul 02, 2013 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation Assistance
Replies: 15
Views: 718

Re: Portfolio Allocation Assistance

This would be the usual suggestion. However, I don't know what is available in your 401k, so it is just a guess. Total of these 3 accounts = $141,974 (percentages below are derived from this number) Taxable 63.1% ($89,575.99) 42.1% Vanguard Total Stock Market 21% Vanguard Total International 401k 5...
by mmicha
Tue Jul 02, 2013 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation Assistance
Replies: 15
Views: 718

Re: Portfolio Allocation Assistance

So that leaves you with this for retirement: Taxable $89,575.99 401k $8,000 Roth IRA $44,399.75 About how much money, in dollars, is your contribution and the employer match together? Since I started working at this company, they haven't matched. I guess with the economic slowdown. So it is just wh...
by mmicha
Tue Jul 02, 2013 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation Assistance
Replies: 15
Views: 718

Re: Portfolio Allocation Assistance

I know you think you answered the question, but is the 6% all you can afford to save each year (other than an occasional $25 or $50 going into savings when you get lucky)? What is the savings for? Honestly, it probably is currently. I don't think I'd be able to bump it to 7-8%. My debts are: Studen...
by mmicha
Tue Jul 02, 2013 11:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation Assistance
Replies: 15
Views: 718

Re: Portfolio Allocation Assistance

retiredjg wrote:Is the 6% all you are able to save in a year? What is the 401k invested in?


Right now it is in Vanguard Target Retirement 2050. I try to put money in my savings when possible. 25 or 50 dollars a week if lucky, or a chunk when there are 5 weeks in a month.
by mmicha
Tue Jul 02, 2013 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation Assistance
Replies: 15
Views: 718

Re: Portfolio Allocation Assistance

I've not put any money in my Roth IRA for 2013. I was looking for the taxable account to feed that yearly. Is that proper? Sometimes it is "proper", but it is not clear if that is a good choice in your case. You have not shown any kind of plan at work such as a 401k, 403b, or SIMPLE IRA. ...
by mmicha
Tue Jul 02, 2013 9:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation Assistance
Replies: 15
Views: 718

Portfolio Allocation Assistance

Hello, I'm 31 years old, and I've finally got my money out of the hands of others and am ready to do it on my own. I've read Bogleheads Guide to Investing and am just wanting to get feedback before I click the buy button. My thought was to go 70/30 on the allocation. Below is my assets: Taxable Acco...
by mmicha
Mon Jul 01, 2013 10:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation Assistance
Replies: 15
Views: 718

Re: Portfolio Review / Assistance

i think you pretty much nailed your 70/30 desired allocation and have the proposed funds placed optimally in the most tax-efficient accounts Bond 29.1% International Stock 21.4% US Stock 49.6% was that the balance between domestic/international stocks you had in mind? not sure i added anything here...
by mmicha
Sat Apr 06, 2013 10:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review / Assistance
Replies: 6
Views: 402

Re: A superior portfolio !

mmicha: Excellent portfolio: Suitable stock/bond allocation, low cost, diversified, tax-efficient and simple to understand and maintain. Large savings account with its low return seems unnecessary but perhaps it is for a special need. Congratulations and best wishes. Taylor What would you recommend...
by mmicha
Sat Apr 06, 2013 10:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review / Assistance
Replies: 6
Views: 402

Portfolio Review / Assistance

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by mmicha
Sat Apr 06, 2013 8:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review / Assistance
Replies: 6
Views: 402

Re: Portfolio/Investing Advice

I appreciate the feedback. I've already done a bit of reading and really like Jack Bogle's views regarding it. I've read Bogleheads Guide to Investing, as well as Common Sense Investing by Jack himself. I'm just wondering if there is any value in any of the funds I've got. Mostly before I hit the se...
by mmicha
Sun Mar 31, 2013 10:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio/Investing Advice
Replies: 5
Views: 519

Portfolio/Investing Advice

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by mmicha
Sun Mar 31, 2013 9:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio/Investing Advice
Replies: 5
Views: 519

Selling Mutual Funds Question

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by mmicha
Sun Mar 31, 2013 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling Mutual Funds Question
Replies: 3
Views: 240

Re: In Kind Transfer Question

I think gains on "covered" shares move and those on "uncovered" shares might not. It may be possible to enter the correct basis manually; it can at some brokers. Prior to current law on basis reporting losing track of the basis when changing brokers was probably par for the cour...
by mmicha
Sun Mar 24, 2013 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: In Kind Transfer Question
Replies: 4
Views: 509

In Kind Transfer Question

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by mmicha
Sat Mar 23, 2013 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: In Kind Transfer Question
Replies: 4
Views: 509

Re: Portfolio Help / Design

Yea, I was afraid all this stuff I've got in this managed portfolio is going to be dangerous with taxes. Looking at it, I've got unrealized gains of: $4,636.00 If I dig in to each fund, you are correct some have short & long term gains. This is a lot for a newbie to figure out, would of been a l...
by mmicha
Sat Mar 02, 2013 10:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help / Design
Replies: 3
Views: 374

Portfolio Help / Design

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by mmicha
Fri Mar 01, 2013 6:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help / Design
Replies: 3
Views: 374

Portfolio Allocation Plan, 30 year old newbie

[Merged with the above thread - admin LadyGeek] Hello, I have been getting interested in doing investing on my own. I've just read the Bogleheads Book on investing, but still have questions and am a rookie. I opened a Vanguard account (taxable) and currently have 10k sitting in a money market accou...
by mmicha
Mon Feb 25, 2013 11:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Help
Replies: 8
Views: 557

Investing Help

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by mmicha
Wed Feb 13, 2013 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Help
Replies: 8
Views: 557

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