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Re: Little Help with Tax Loss Harvesting

I already realize that I used 'Tax Harvesting' in the incorrect way. So the harvesting was when I sold TFI with the loss. Most people say that I shouldn't sell appreciated assets just to offset the loss. But in your example - may be reseting the basis to a lower point would make sense for me? Since ...
by simpatico
Thu Dec 11, 2014 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Little Help with Tax Loss Harvesting
Replies: 6
Views: 468

Re: Little Help with Tax Loss Harvesting

I am in 33% bracket, and I already have $3000 loss from previous years to use on my taxes...
So should I loss-harvest?
by simpatico
Thu Dec 11, 2014 10:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Little Help with Tax Loss Harvesting
Replies: 6
Views: 468

Little Help with Tax Loss Harvesting

I am planning tax loss harvesting in my taxable Schwab account. I sold TFI shares earlier this year and have $1200 loss. In the same account I have appreciated VXUS shares. The price for VXUS is down, but still shows the gain of $1200. I thought that I’ll sell all of VXUS to harvest the loss from TF...
by simpatico
Thu Dec 11, 2014 10:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Little Help with Tax Loss Harvesting
Replies: 6
Views: 468

Re: Advise on Muni Fund or Muni ETF

Thank you! Would it make sense to automatically invest in two muni funds: TFI (long) and SHM (short)?
by simpatico
Mon Nov 24, 2014 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advise on Muni Fund or Muni ETF
Replies: 3
Views: 373

Advise on Muni Fund or Muni ETF

Dear gurus! Based on my overall allocation I need to increase my bond allocation. And want to start automatic investments in muni fund or ETF in my taxable Schwab account. I checked out Vanguard’s VWLTX, and it looks good, but Schwab doesn’t allow automatic commission-free investments in that fund. ...
by simpatico
Mon Nov 24, 2014 3:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advise on Muni Fund or Muni ETF
Replies: 3
Views: 373

Re: After Tax Investment in 401K – Good or Bad?

Thank you so much! I'll try calling again...
So, if I will be able to roll-over to Roth - I should put allowed amount in after tax in 401k.
If not - I should just invest in taxable, right?
It doesn't make sense to accumulate after tax money in 401k, right?
by simpatico
Wed Nov 19, 2014 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: After Tax Investment in 401K – Good or Bad?
Replies: 10
Views: 531

Re: After Tax Investment in 401K – Good or Bad?

They also told me that I have to be 59.5 to transfer money out.
So I talked to an incompetent person?
by simpatico
Wed Nov 19, 2014 3:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: After Tax Investment in 401K – Good or Bad?
Replies: 10
Views: 531

Re: After Tax Investment in 401K – Good or Bad?

May be I talked to wrong person, but I was told that while I can take after tax money out of 401k once a monthl, but can't do a direct Roth IRA rollover to an outside account. They said I can just move after tax money to my regular bank account. And then invest in Roth. But my income doesn't allow i...
by simpatico
Wed Nov 19, 2014 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: After Tax Investment in 401K – Good or Bad?
Replies: 10
Views: 531

After Tax Investment in 401K – Good or Bad?

Dear gurus, please help me to decide whether to invest some after tax money in my 401K. We have $2500 available for investing after paying off the house, and I was going to do Mega Back-Door Roth conversion. But turned out that my 401K doesn’t allow direct roll-overs from it to Roth IRAs… I believe ...
by simpatico
Wed Nov 19, 2014 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: After Tax Investment in 401K – Good or Bad?
Replies: 10
Views: 531

Re: Does Timing Matter for Mega Backdoor Roth Conversion?

Sorry, out of town and didn't have access earlier...
I haven't asked if I can put after tax contributions in money market as opposed to options that are selected for the pre-tax investments. So need to investigate... Will report later...
by simpatico
Tue Oct 28, 2014 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter for Mega Backdoor Roth Conversion?
Replies: 11
Views: 1091

Re: Does Timing Matter for Mega Backdoor Roth Conversion?

I contribute to 401K up to the maximum before tax. And then those after tax contributions will be in the separate account... And I guess, yes, 100% after tax. Is that what you were asking?
by simpatico
Mon Oct 27, 2014 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter for Mega Backdoor Roth Conversion?
Replies: 11
Views: 1091

Re: Does Timing Matter for Mega Backdoor Roth Conversion?

I called my 401K plan, and they said that I can transfer money out of the after tax account monthly. So I am thinking that I'll put $500 from each paycheck into money market. And transfer out on the day of the second paycheck. That should be the safest way (from the tax standpoint), right?
by simpatico
Mon Oct 27, 2014 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter for Mega Backdoor Roth Conversion?
Replies: 11
Views: 1091

Does Timing Matter for Mega Backdoor Roth Conversion?

We’ve just paid off the HEL on the house and have extra $2000 to invest. We both are already doing backdoor Roth IRA conversions at the beginning of each year. Now I’d like to do a Mega backdoor conversion using our 401K accounts. Does it matter when to start? Are those conversions completely indepe...
by simpatico
Mon Oct 27, 2014 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter for Mega Backdoor Roth Conversion?
Replies: 11
Views: 1091

Re: ING Variable Annuity - What to Do?

"Never annuitize this until the Account value exceeds the Income value and then think very carefully about doing so because the lifetime withdrawal is with more than the annuity value. Take the Income guarantee withdrawal when the guarantee period ends and remains constant." Wow, it is qu...
by simpatico
Mon Sep 29, 2014 4:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: ING Variable Annuity - What to Do?
Replies: 3
Views: 389

ING Variable Annuity - What to Do?

I am ashamed to admit that back in 2006 we had a very bad advisor who talked us into buying ING Variable Annuities. I know it is kind of a bad word around here…  We bought into 7% rollup base. The money are invested in ‘ING GoldenSelect Premium Plus’. I can’t even tell what it that… So sad. The mon...
by simpatico
Mon Sep 29, 2014 2:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: ING Variable Annuity - What to Do?
Replies: 3
Views: 389

Re: Keep ETF or Pay off the Mortgage?

Wow, so many great suggestions and I still don't know what to do! :(
Looks like I should sell both funds to offset gains with losses, pay off the mortgage, buy back FTABX in Fidelity and start investing in another muni fund in Schwab...
by simpatico
Wed Jul 02, 2014 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Keep ETF or Pay off the Mortgage?
Replies: 10
Views: 1084

Keep ETF or Pay off the Mortgage?

My husband and I have two taxable accounts: with Fidelity worth $95K invested in FTABX (Fidelity Tax-free bond fund) and with Schwab $100K invested in TFI muni bond ETF. We consider those accounts to be our emergency money and don’t use them. Munis seemed to be the right choice since we are in the h...
by simpatico
Wed Jul 02, 2014 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Keep ETF or Pay off the Mortgage?
Replies: 10
Views: 1084

Re: Help with 401K Investments Selection

Thank you so much! I wish I could tell you what is in the Fixed Fund. I called them and didn't get any meaningful answer... So the company stock is not a good option? My husband is not obligated to buy it, I just thought that it would be a good choice. I am buying company stock for my company. My co...
by simpatico
Thu Jun 26, 2014 3:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401K Investments Selection
Replies: 4
Views: 215

Help with 401K Investments Selection

Hello investment gurus! I need a little help with my husband’s 401K. He is 49 years old. Based on our overall portfolio we determined that we would like to have 65/35 stocks (domestic/foreign as 55/10)/bonds allocation. Currently 100% is invested in JABNX which kind of has the desired allocation. Bu...
by simpatico
Thu Jun 26, 2014 2:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401K Investments Selection
Replies: 4
Views: 215

Re: Allocation and Investment Advice Yet Again...

Thank you! Taxable accounts amount to roughly $250, the rest is tax-deferred. The funds there are: VXUS, Vanguard Institutional Index Fund Institutional Plus Shares, Vanguard International Growth Fund Admiral Shares, Vanguard Wellington Fund Admiral Shares, SWPPX, SWRSX So we need to keep 45 bods/50...
by simpatico
Fri Jan 10, 2014 12:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allocation and Investment Advice Yet Again...
Replies: 3
Views: 286

Allocation and Investment Advice Yet Again...

I need allocation and investment advice! We are 56 and 48. The one who is 56 will work for another 5 years, and the one who is 48 – for another 10 years. In 10 years the one who is 56 will draw about $40K per year in Social Security and pension. The one who is 48 will wait until at least 62 to get t...
by simpatico
Fri Jan 10, 2014 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Allocation and Investment Advice Yet Again...
Replies: 3
Views: 286

Re: Tax Help with Backdoor Roth Conversion

Thank you all so much! I feel better now... :D
by simpatico
Tue Jan 29, 2013 9:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Help with Backdoor Roth Conversion
Replies: 7
Views: 579

Tax Help with Backdoor Roth Conversion

In 2012 I contributed 12,000 (2011 and 2012 contributions) of the after tax dollars to my contributory IRA, and straight after that converted total amount to Roth. Yesterday I received 1099R where I have: box 1. Gross distribution $12,000 box 2a. Taxable amount $12,000 box 2b. Taxable amound not det...
by simpatico
Mon Jan 28, 2013 5:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Help with Backdoor Roth Conversion
Replies: 7
Views: 579

Re: Help with Tax Free Bond Fund

Well, I did some reading, may be not enough...:)) I want to invest in muni fund in a taxable account to pay avoid paying taxes on dividends. And I wanted international fund in taxable account to utilize foreign creadi if possible. Is something wrong with that strategy?
by simpatico
Wed Dec 12, 2012 3:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Tax Free Bond Fund
Replies: 5
Views: 563

Re: Help with Tax Free Bond Fund

Thank you! The only reason that I didn't want to include the total market stock fund is that I already have it in 401K. So I was trying to implement the allocation based on the portfolio as a whole... Thank you for the tip on TFI. It looks good. Do you have any suggestions for the international and ...
by simpatico
Wed Dec 12, 2012 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Tax Free Bond Fund
Replies: 5
Views: 563

Help with Tax Free Bond Fund

Hello, I am trying to prepare for the next year tax increases. I've sold all the stocks in my Schwab brockerage account. Will increase stock exposure in my tax-deffered accounts to keep the ballance. Now I have $150000 to invest. I am looking at getting tax free bond fund for 3/4 of the money and in...
by simpatico
Wed Dec 12, 2012 10:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with Tax Free Bond Fund
Replies: 5
Views: 563

Re: More Taxable Investments Assistance

Yes, I understand that I didn't provide sufficient information about other investments. Will need more time to get everything in the required format. I'll try to do it as soon as possible and get back on the forum. But so it is true - if I don't sell my stocks this year - I'll have higher capital ga...
by simpatico
Fri Oct 19, 2012 3:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: More Taxable Investments Assistance
Replies: 4
Views: 308

More Taxable Investments Assistance

We have 2 taxable accounts. One that has about 35 actual stocks for about $150,000. The accound used to be managed but some company, but we cancelled them few months ago. Another account has tax-free mutual fund for about $100,000. The questions are: 1. Whether to keep account with stocks, ot to sel...
by simpatico
Fri Oct 19, 2012 2:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: More Taxable Investments Assistance
Replies: 4
Views: 308

Re: Backdoor Conversion to Roth and Inherited IRA

Thank you so much! I did like the link on other forum, but this was posted first. When I realized that nobody is responding here - I asked in the other place... Looks like we can do the conversion. I was surprised that I shouldn't have the money grow though. Oh well...
by simpatico
Fri Aug 10, 2012 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Conversion to Roth and Inherited IRA
Replies: 9
Views: 1634

Re: Inherited IRA Help Needed

And also because Inherited IRAs tend to have earlier distributions than traditional IRAs, it's better to use potentially lower growth funds because Inherited IRAs are "sooner taxable" than other tax advantaged accounts That I didn't quite get. What does it mean - sooner taxable? I was thi...
by simpatico
Fri Aug 10, 2012 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA Help Needed
Replies: 27
Views: 1471

Re: Inherited IRA Help Needed

Thank you all. We'll transfer the money to Vanguard. There is another question that I asked on different board, but didn't get the answer. My husband is going to do a 'backdoor' conversion to Roth from a conventional IRA that we opened just to do a conversion. Could anybody tell me if the inherited ...
by simpatico
Fri Aug 10, 2012 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA Help Needed
Replies: 27
Views: 1471

Inherited IRA Help Needed

My husband has a $16,000 inherited IRA with Edward Jones. We have to take minimum distributions from the IRA. I think that we need to move the money from Edward Jones to Vanguard. Should we? And if so - what is the best investment option? Is it possible to cover the distribution and still have some ...
by simpatico
Fri Aug 10, 2012 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA Help Needed
Replies: 27
Views: 1471

Backdoor Conversion to Roth and Inherited IRA

My husband is going to do a 'backdoor' conversion to Roth from a conventional IRA that we opened just to do a conversion. He also has an inherited IRA. It is in his Mom's name with his C/O. Could anybody tell me if that IRA will cause us to incur any additional taxes during the conversion? Thank you...
by simpatico
Fri Aug 10, 2012 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Conversion to Roth and Inherited IRA
Replies: 9
Views: 1634

Re: To Buy or Not To Buy a Condo

I write to dissuade you, in strong terms, from purchasing a vacation "condo," especially in a one-season town like Colorado. I've been to Vail, Steamboat, and Telluride many times. CO is dead unless it's ski season, so out of the starting gate you've got limited opportunities to rent. Mac...
by simpatico
Wed Jul 18, 2012 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: To Buy or Not To Buy a Condo
Replies: 13
Views: 3658

Re: To Buy or Not To Buy a Condo

I was looking into Condo's and time shares (resell) in Colorado ski towns but when doing the math I could not make it work even with us being in a high (AMT) tax bracket. It was still cheaper to just rent via vrbo or go into a hotel for the couple skip trips we take per year. And no hassle around r...
by simpatico
Wed Jul 18, 2012 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: To Buy or Not To Buy a Condo
Replies: 13
Views: 3658

Re: To Buy or Not To Buy a Condo

"What ever you decide don't do it to "help with taxes". It doesn't compute. You are spending $3 to save 1$. "
I know that you are right, but still feel like I have to
Do something to fight 'marridge' penalty...
by simpatico
Tue Jul 17, 2012 9:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: To Buy or Not To Buy a Condo
Replies: 13
Views: 3658

Re: To Buy or Not To Buy a Condo

You have excellent points, of course. But we have some other investments in stock and bond funds in our
401k and IRAs. May be that condo could be diversification that we need
In real estate? Being remote landlord is awful, but we could use some local help...
by simpatico
Tue Jul 17, 2012 9:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: To Buy or Not To Buy a Condo
Replies: 13
Views: 3658

To Buy or Not To Buy a Condo

My husband and I are considering purchasing a vacation condo in Colorado. I know that it is a gamble, and most of you guys wouldn’t recommend ite. But if we were to purchase one anyway – there are still questions. We have a mortgage on the hourse with $150000 left and 4.3% interest. The vacation con...
by simpatico
Tue Jul 17, 2012 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: To Buy or Not To Buy a Condo
Replies: 13
Views: 3658

Re: Is my managed taxable Schwab account worth keeping

Sorry, was distracted from pondering investing... I don't know how much I will need in 5-7 years. I am hoping to quit work in about 5 years, start using the money untill I can retire. So, I am not sure what do I need. I guess - to preserve the principal and hopefully make some money?.
by simpatico
Fri Mar 09, 2012 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is my managed taxable Schwab account worth keeping
Replies: 7
Views: 507

Re: Is my managed taxable Schwab account worth keeping

I like that! I was thinking to buy 50% bond fund and 50% stock index fund like SWTSX. Wouldn't it be better?
by simpatico
Thu Mar 08, 2012 5:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is my managed taxable Schwab account worth keeping
Replies: 7
Views: 507

Is my managed taxable Schwab account worth keeping

I have Schwab account with about $130,000 in various stocks managed by some advisor firm. They change 0.9 per year for their services. My return with them is averaging about 5% a year. But I am tired of having to enter all the transactions at the tax time, and I don't like to pay for services. On th...
by simpatico
Thu Mar 08, 2012 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is my managed taxable Schwab account worth keeping
Replies: 7
Views: 507

Re: Variable Universal and Equity Index Life Insurances Ques

The numbers are totally convicing. 1035 it is! What are my steps now? Call Vanguard and open the annuity in both mine and my husband's names and ask them to do the transfer? Or there are more steps that I am not aware of?
by simpatico
Mon Jan 23, 2012 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 2504

Re: Variable Universal and Equity Index Life Insurances Ques

Surrendering the policies, eating your loss and using the proceeds to invest in tax efficient Vanguard Index funds might be your best option. What are tax efficient Vanguard Index funds? We decided that we don't need insurance (term or otherwise), and were kind of convinced that for tax considerati...
by simpatico
Mon Jan 23, 2012 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 2504

Re: Variable Universal and Equity Index Life Insurances Ques

Looks like some people made even worse investment in VUL then us... Terrible! So, what annuity and what funds should we select for the exchange? May be there is a useful post on this site that I read to get some education?
by simpatico
Mon Jan 23, 2012 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 2504

Re: Variable Universal and Equity Index Life Insurances Ques

OK, we've decided that we don't need life insurance, and we want to get rid of those policies. We only wanted a tex-sheltered investment... But now we have to open some annuity and do a 1035 exchange. Do I need to start another post and ask what annuity and what funds to select? Or one of you expert...
by simpatico
Sat Jan 21, 2012 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 2504

Re: Variable Universal and Equity Index Life Insurances Ques

I fully agree that I need to get rid of those policies. I never wanted the permanent insurance, just wanted tax-sheltered investment. But I feel so bad about losing so much money! On my policy I paid $41,000 so far, the cash value is $25,000 and I can receive only $20,000. Same with 1035 exchange. S...
by simpatico
Fri Jan 20, 2012 6:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 2504

Re: Variable Universal and Equity Index Life Insurances Ques

Than you for all your comments. I understand, that I made a bad decision and I am stuck with the insurances for some time. The surrender charges are outrageous and the losses are too high. :!: I found out that all my money is invested in two funds Transamerica Hanlon Balanced VP and Transamerica Han...
by simpatico
Fri Jan 20, 2012 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 2504

Re: Variable Universal and Equity Index Life Insurances Ques

I am not an agent, I promise! I am just a girl that made wrong investment decision for me and my husband. And trying to fix it...
Thank you for your reply. We'll request the in force illustrations, and I'll have them ready.
by simpatico
Thu Jan 19, 2012 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 2504

Variable Universal and Equity Index Life Insurances Question

I am hoping that one of you experts will help me. I feel my husband and I made a big mistake: the agent talked us into buying 2 life insurances. We bought them mostly because we already contributed max to our 401K and IRAs and wanted tax-sheltered money growth. Mine is 5 years old variable universal...
by simpatico
Thu Jan 19, 2012 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Variable Universal and Equity Index Life Insurances Question
Replies: 52
Views: 2504

Re: Life Insurance HELP

Hi, I am new to the forum so please forgive me if I ask something silly :) I am hoping that one of you experts will help me. I feel my husband and I made a big mistake: the agent talked us into buying 2 life insurances. Mine is 5 years old variable universal life with WRL, and his is 4 years old equ...
by simpatico
Thu Jan 19, 2012 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance HELP
Replies: 82
Views: 6472

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