Search found 2527 matches

by Artsdoctor
Thu Mar 23, 2017 9:41 am
Forum: Investing - Theory, News & General
Topic: Muni fund reinvest or not
Replies: 11
Views: 748

Re: Muni fund reinvest or not

I meant to say is it better to automatically reinvest into the fund for 5 years before taking the cash or start taking it now? You mentioned that you'll never need the principal and that dividends alone would be sufficient. For that reason, you may as well drive up the principal as much as possible...
by Artsdoctor
Wed Mar 22, 2017 6:13 pm
Forum: Investing - Theory, News & General
Topic: Muni fund reinvest or not
Replies: 11
Views: 748

Re: Muni fund reinvest or not

I am not anticipating a need to sell any funds during retirement so trying to keep it very simple.I was debating whether I should be in the longer term fund since I have plans to keep it forever. So this would mean that all of your investments are for legacy purposes. If the dividends of both equit...
by Artsdoctor
Wed Mar 22, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: Muni fund reinvest or not
Replies: 11
Views: 748

Re: Muni fund reinvest or not

As you can imagine, the answer would have to be "it depends." As a general rule of thumb, you'd most likely want to invest in bond funds with a duration that matches your need for the money. The sooner you'll need the money, the shorter the duration of the fund should be. During the accumu...
by Artsdoctor
Tue Mar 21, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: What safe investment vehicle has the highest yield right now?
Replies: 14
Views: 1641

Re: What safe investment vehicle has the highest yield right now?

Hello. I'm 28 years old. My current asset allocation is: 60% in Ally savings account at 1.00 APY 40% in Vanguard S&P Index Fund I have a lot of my money in a savings account because I plan to use that money as a down payment for a property in 1-2 years. I could afford to put the money in a CD a...
by Artsdoctor
Tue Mar 21, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Best set it and forget to hold until retirement?
Replies: 24
Views: 2416

Re: Best set it and forget to hold until retirement?

42 years old 6 month emergency fund 2k of student loan debt Single 15% federal tax bracket Hi All, I've posted a few times here and have received invaluable feedback - so thanks for that. I have a Roth IRA and have a TRF 2020. [60/40 AA is my max risk] I've had it for a few months [yes, I know I'm ...
by Artsdoctor
Sun Mar 19, 2017 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Lot Selection
Replies: 8
Views: 250

Re: Tax Lot Selection

^If one has all those tiny lots over 20 years, then good luck with that. The only broker that I know that would track non-covered shares in the current web interface is WellsTrade. They are great! In the thread I linked, I had many lots of $50 cost basis, so no sympathy from me. The reality with lo...
by Artsdoctor
Sun Mar 19, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to report HSA gains in CA return? (H&R block software)
Replies: 19
Views: 828

Re: How to report HSA gains in CA return? (H&R block software)

jrtexas wrote:HSA's are tax free? Correct?


Yes, in 47 states. CA, AL, and NJ don't recognize HSAs as being tax-advantaged.
by Artsdoctor
Sun Mar 19, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to report HSA gains in CA return? (H&R block software)
Replies: 19
Views: 828

Re: How to report HSA gains in CA return? (H&R block software)

I added realized gains as income to Schedule CA line 21 as income addition. It's already declared. There is no special lower tax rate for capital gains in CA. I don't have a capital loss. I am in the same situation. I have no capital loss this year. But, I can see how things become complicated if y...
by Artsdoctor
Sun Mar 19, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 9435

Re: Early Retirement - what to do about healthcare?

Thanks for the replies.....not an easy topic to factor into LT planning. Things will probably look drastically different in 5 or 10 years from now, so in my situation, the best advice is probably similar to other personal finance advice.....save more, spend less, invest for the LT Sox, You are righ...
by Artsdoctor
Sun Mar 19, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Lot Selection
Replies: 8
Views: 250

Re: Tax Lot Selection

All those things "minimize gain" or FIFO or HIFO or LIFO are just gimmicks. One should be able to figure this out for themselves trivially. My brokers (I have lots of them, even Vanguard) tell me the percentage gain of any lot. Sometimes I want to sell the lot with the least gain. Sometim...
by Artsdoctor
Sun Mar 19, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: 30 years old and want to start saving for a home...where to begin?
Replies: 7
Views: 847

Re: 30 years old and want to start saving for a home...where to begin?

In order to make more, you'll have to risk more. There's really no way around that. If you have a specific goal, exactly 4 years for example, equities are out unless you're really willing to have a volatile ride. You can try to match that date with specific CDs as you have more money, and you can us...
by Artsdoctor
Sun Mar 19, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Lot Selection
Replies: 8
Views: 250

Re: Tax Lot Selection

Unfortunately, you're correct. When you go to sell/exchange your shares and you've elected Specific Lot ID, a screen will pop up which allows you to choose which lots to choose to sell. However, there is no help for you; other brokerage houses I've used allow me choose "Maximum Gain" or &q...
by Artsdoctor
Sun Mar 19, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: How to report HSA gains in CA return? (H&R block software)
Replies: 19
Views: 828

Re: How to report HSA gains in CA return? (H&R block software)

^ That's fine if you have no capital losses, although you will presumably have capital losses at some time in the future (the market will go down--eventually). When that happens, you'd be leaving money on the table if you don't offset your capital gains against the losses (federal and/or state).
by Artsdoctor
Sun Mar 19, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: How to report HSA gains in CA return? (H&R block software)
Replies: 19
Views: 828

Re: How to report HSA gains in CA return? (H&R block software)

For dividends and interest, it's easy. Make a fake 1099DIV entry that is tax-free for federal but taxable for CA. It would basically be the equivalent of dividends/interest from a nationwide muni bond fund. For capital gains, TaxAct allowed me to update line 13 of the CA Adjustment form to make the...
by Artsdoctor
Sun Mar 19, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Questions on Capital Gains & Dividends
Replies: 12
Views: 634

Re: Questions on Capital Gains & Dividends

Your mutual fund will distribute dividends and that amount will go on Form 1040, Line 9a. Some of those dividends may be taxed preferentially; those are called qualified dividends and will go on Line 9b [even though they are already also included in Line 9a] . Yes indeed. Thanks for underscoring th...
by Artsdoctor
Sat Mar 18, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Capital Gains & Dividends
Replies: 12
Views: 634

Re: Questions on Capital Gains & Dividends

Actually, I think you are framing this wrong from the start so I made some modifications: Do I have this right? A mutual fund generates profit by investing in appreciating assets . A mutual fund distributes your assets back to you in three ways: Capital Gains Distributions Dividends Distributions A...
by Artsdoctor
Sat Mar 18, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: CA HSA dividends tax reporting
Replies: 4
Views: 291

Re: CA HSA dividends tax reporting

I have an employer sponsored HSA account with Optum. The money there is invested in a Vanguard S&P 500 mutual fund, and I earned dividends on it last year. I understand I have to pay taxes on this income in California. However, Optum sent me no tax forms pertaining to the dividends. Is this nor...
by Artsdoctor
Sat Mar 18, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: VTIAX dividend date for this March
Replies: 19
Views: 1299

Re: VTIAX dividend date for this March

^ A few dollars here and there doesn't make much difference when you're not thinking about IRMAA. But if you really take a look at the Medicare premium surcharges (IRMAA), it can be pretty striking. For two people both receiving Medicare, $1 more in MAGI can make a surprising difference: If your MAG...
by Artsdoctor
Fri Mar 17, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: VTIAX dividend date for this March
Replies: 19
Views: 1299

Re: VTIAX dividend date for this March

Well, I will admit I'm not in the warmest and fuzziest of moods right now as I put the finishing touches on my tax returns. If you're only going to be buying small sums of VTIAX (or any other fund), then you're not going to be paying all that much more. The March dividend is usually the lowest of th...
by Artsdoctor
Tue Mar 14, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: taxes on HSA dividends in NJ?
Replies: 10
Views: 891

Re: taxes on HSA dividends in NJ?

would I then also be able to deduct (on NJ taxes) the monthly account fees that come with the investment platform from my HSA? They can offset my dividends earned to a net of 0 if I can. thanks I can't comment on a threshold or on the ability to deduct investment expenses on your NJ return. I would...
by Artsdoctor
Mon Mar 13, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: ? Wisdom of Roth conversion
Replies: 34
Views: 3451

Re: ? Wisdom of Roth conversion

"The big difference is if you want your RMDs to end up in taxable (which is ok if you are spending them) or in a tax deferred accounts (much better if your not spending them)." Can you clarify this? Your RMDs are coming from a tax-deferred account. Where else can they go aside from a taxa...
by Artsdoctor
Mon Mar 13, 2017 10:25 am
Forum: Investing - Theory, News & General
Topic: Don't let your political views impact your investment strategy
Replies: 28
Views: 3711

Re: Don't let your political views impact your investment strategy

I'm not surprised at the influence politics has on investing. However, it is a little difficult to tease out where political beliefs stop and market concerns start. Many of us have aged during this incredibly long bull market (while some seem to have stayed perpetually young)! For some of us, we're ...
by Artsdoctor
Mon Mar 13, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: ? Wisdom of Roth conversion
Replies: 34
Views: 3451

Re: ? Wisdom of Roth conversion

Random Guy, "The big difference is if you want your RMDs to end up in taxable (which is ok if you are spending them) or in a tax deferred accounts (much better if your not spending them)." Can you clarify this? Your RMDs are coming from a tax-deferred account. Where else can they go aside ...
by Artsdoctor
Mon Mar 13, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: taxes on HSA dividends in NJ?
Replies: 10
Views: 891

Re: taxes on HSA dividends in NJ?

would I then also be able to deduct (on NJ taxes) the monthly account fees that come with the investment platform from my HSA? They can offset my dividends earned to a net of 0 if I can. thanks I can't comment on a threshold or on the ability to deduct investment expenses on your NJ return. I would...
by Artsdoctor
Sun Mar 12, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: HSA: Is there a monthly maximum limit?
Replies: 10
Views: 723

Re: HSA: Is there a monthly maximum limit?

can an scorp owner who say takes just 2 payrolls a year contribute the max now before any payrolls? If you're an S Corp, you cannot contribute your own HSA funds pre-FICA and pre-Medicare. Of course, you can contribute your funds pre-federal and pre-state (unless you live in CA, AL, or NJ). Ok..so ...
by Artsdoctor
Sat Mar 11, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to Know if Vanguard 1099-B Basis Includes Reinvested Cap Gains/Dividends
Replies: 6
Views: 501

Re: How to Know if Vanguard 1099-B Basis Includes Reinvested Cap Gains/Dividends

I received a Vanguard Taxable Brokerage Account 1099-B statement for the sale of a mutual fund that was held from 2013 thru 2016, various purchases, all capital gains and dividends were reinvested each year, and taxed each year of course. This 1099-B cost basis information was reported to the IRS. ...
by Artsdoctor
Sat Mar 11, 2017 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: HSA: Is there a monthly maximum limit?
Replies: 10
Views: 723

Re: HSA: Is there a monthly maximum limit?

theplayer11 wrote:can an scorp owner who say takes just 2 payrolls a year contribute the max now before any payrolls?


If you're an S Corp, you cannot contribute your own HSA funds pre-FICA and pre-Medicare. Of course, you can contribute your funds pre-federal and pre-state (unless you live in CA, AL, or NJ).
by Artsdoctor
Sat Mar 11, 2017 9:11 pm
Forum: Investing - Theory, News & General
Topic: 1099-B form from Vanguard has wrong cost basis
Replies: 8
Views: 986

Re: 1099-B form from Vanguard has wrong cost basis

I just received 1099-B forms from Vanguard and found that cost basis for a muni bond was wrong. I send an email to my representative. Please check your 1099-B careful. Sam When you say "muni bond," I presume it's an individual muni. If it's a premium bond, it's going to be amortized. The ...
by Artsdoctor
Sat Mar 11, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Must I Keep My Own Records for Dividends and Capital Gains?
Replies: 18
Views: 2069

Re: Must I Keep My Own Records for Dividends and Capital Gains?

You actually don't HAVE to keep records. You can rely fully on Vanguard, use average cost method, and just let the chips fall where they fall. Your capital gains reports will reconcile easily with Vanguard's and if they make a mistake, you'll never know the difference. You'll lose a lot of control t...
by Artsdoctor
Sat Mar 11, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1749

Re: Taxation of Irrevocable Trust Income

Good to know, Plannerman. Fortunately, the UPIA California White Paper basically underscores the value of using Modern Portfolio Theory when choosing investments. This should be relatively easy for most Bogleheads!
by Artsdoctor
Fri Mar 10, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1749

Re: Taxation of Irrevocable Trust Income

I've wanted to maximize dividends so I've purchased bonds at high premiums. Purchasing bonds at a premium is eroding principal and the trustee, to treat the remaindermen equitably, should amortize the premium against income, depending upon the terms of the instrument and state law. Gill It is true ...
by Artsdoctor
Fri Mar 10, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 1749

Re: Taxation of Irrevocable Trust Income

Thanks to all of you. Depending on the language, you do have the ability to trade within the trust, of course. The irrevocable trusts I've worked with stipulate that dividends are distributed quarterly (and that includes equities and bonds) but the trustee has the ability to trade. Consequently, yo...
by Artsdoctor
Wed Mar 08, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Steps to take now before family member's imminent death
Replies: 24
Views: 3047

Re: Steps to take now before family member's imminent death

Very good advice above. I would presume that beneficiaries are all correct but you might just want to verify since retirement accounts are in a class by themselves. Another piece of advice which may or may not apply. If he has a car in his name alone, have his POA (wife?) change the title to the sur...
by Artsdoctor
Wed Mar 08, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 271
Views: 36465

Re: Physician Retirement Savings

For the above poster, The biggest parody of making money in medicine is the places that may a ton are the place having a ton of cash is not helpful. After you build/ buy a dream home and a couple fancy cars what else are you going to do with the extra wad of cash? To make that money no matter what ...
by Artsdoctor
Tue Mar 07, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds Question
Replies: 29
Views: 2783

Re: Municipal Bonds Question

Tax rules for bond investors - Wells Fargo Jesus, I did not know that buying a bond was like buying a limited partnership interest which results in nothing but tax headaches. I will hold until maturity and report whatever E*trade reports on the sale at year-end and let the tax software gods figure ...
by Artsdoctor
Tue Mar 07, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds Question
Replies: 29
Views: 2783

Re: Municipal Bonds Question

Yes, regarding amortization of a premium bond. From Publication 550: If you pay a premium to buy a bond, the premium is part of your basis in the bond. If the bond yields taxable interest, you can choose to amortize the premium. This generally means that each year, over the life of the bond, you use...
by Artsdoctor
Sun Mar 05, 2017 4:34 pm
Forum: Investing - Theory, News & General
Topic: How to 'deal' with large swings in withdrawals when using VPW?
Replies: 26
Views: 1773

Re: How to 'deal' with large swings in withdrawals when using VPW?

If you've accumulated enough (and the definition of "enough" will also be debatable), the more powerful tool a retiree has is flexibility. In good years, you'd spend more and in bad years, you'd spend less. There are so many levels you can pull: little levels like eating out and clothing,...
by Artsdoctor
Sun Mar 05, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: How to 'deal' with large swings in withdrawals when using VPW?
Replies: 26
Views: 1773

Re: How to 'deal' with large swings in withdrawals when using VPW?

If you've accumulated enough (and the definition of "enough" will also be debatable), the more powerful tool a retiree has is flexibility. In good years, you'd spend more and in bad years, you'd spend less. There are so many levels you can pull: little levels like eating out and clothing, ...
by Artsdoctor
Sun Mar 05, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds Question
Replies: 29
Views: 2783

Re: Municipal Bonds Question

I like the idea of learning through experimentation but there are a couple of investment tenets which we should all abide by without exception. The first is never to buy something you don't understand. So going forward, hopefully you've learned that. I agree with you, doc. On a positive note, the t...
by Artsdoctor
Sun Mar 05, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Please poke holes in my Tax Loss Harvesting plan
Replies: 12
Views: 954

Re: Please poke holes in my Tax Loss Harvesting plan

If all I have in taxable are the 3 boglehead funds, and the stock market is at an all time high, where can I find losses to harvest? There are none. On the contrary, the "stock market" may be at an all time high, and various international indexes may be at all time highs. but that doesn't...
by Artsdoctor
Sat Mar 04, 2017 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds Question
Replies: 29
Views: 2783

Re: Municipal Bonds Question

I like the idea of learning through experimentation but there are a couple of investment tenets which we should all abide by without exception. The first is never to buy something you don't understand. So going forward, hopefully you've learned that. The Nassau County bond will almost certainly be c...
by Artsdoctor
Sat Mar 04, 2017 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Large SEP-IRA contribution / Park in safe fund until bubble bursts?
Replies: 9
Views: 618

Re: Large SEP-IRA contribution / Park in safe fund until bubble bursts?

Two things. The target date fund is balanced so you're not making a pure equity move anyway. Presumably, it's the asset allocation that you like and you're committed to for the next several years. If the markets swoons after your purchase, the fund will be rebalancing the way you'll want it to. But ...
by Artsdoctor
Sat Mar 04, 2017 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Please poke holes in my Tax Loss Harvesting plan
Replies: 12
Views: 954

Re: Please poke holes in my Tax Loss Harvesting plan

Pure boglehead approach is not conducive to TLH. With only a few funds and long time horizon, most of your funds are going to show capital gains. If TLH is something you really want to do, you will probably need to deviate by putting money in lots of different stocks and sector funds with more vola...
by Artsdoctor
Sat Mar 04, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: taxes on HSA dividends in NJ?
Replies: 10
Views: 891

Re: taxes on HSA dividends in NJ?

You need to declare it.
by Artsdoctor
Thu Mar 02, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: What degree of stock market decline would tempt you to deviate from your AA?
Replies: 87
Views: 5737

Re: What degree of stock market decline would tempt you to deviate from your AA?

So the longer I am an investor (as opposed to a speculator), the more humble and empathetic I've become. I have been lucky, very lucky, that I found the Bogleheads--when we were still the Diehards. There are some things I've learned that are so obvious now, but were not when I started down this path...
by Artsdoctor
Thu Mar 02, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: What degree of stock market decline would tempt you to deviate from your AA?
Replies: 87
Views: 5737

Re: What degree of stock market decline would tempt you to deviate from your AA?

It might be instructive to read some of the posts from 2008-9. Even diehard stay-the-course advocates advised: Determine the minimum portfolio "you need going forward." If your portfolio declines to that bare minimum, you should get out of stocks entirely. A retiree who cannot afford to l...
by Artsdoctor
Thu Mar 02, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: US expats abroad: should I buy health insurance even though I'm covered by employer?
Replies: 24
Views: 1181

Re: Should I buy health insurance even though I'm covered by employer?

Wow. The pre-exisiting illness question is raging throughout the country right now and it's been featured in about every reputable news outlet you can find. Your friend is not only wrong, but I would probably shy away from just about any news topic that he would bring up. Keep your employer plan. Ke...
by Artsdoctor
Wed Mar 01, 2017 7:46 pm
Forum: Investing - Theory, News & General
Topic: What degree of stock market decline would tempt you to deviate from your AA?
Replies: 87
Views: 5737

Re: What degree of stock market decline would tempt you to deviate from your AA?

Let's say you're a card-carrying Boglehead and have settled upon a particular AA. For sake of simplicity, we'll make it 40/60 BND/VTI in a tax-sheltered account. Suppose there's a very significant stock market correction, say 40%. So obviously you'd sell BND and buy VTI to restore your AA balance. ...
by Artsdoctor
Wed Mar 01, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: How to report 1099B cost basis discrepancy on non-covered shares?
Replies: 25
Views: 1861

Re: How to report 1099B cost basis discrepancy on non-covered shares?

There's really no reason not to have specific lot ID shares listed going back decades, and when you see how easily accessible that information is available elsewhere, you have to ask yourself "why." The cost is a reason why Vanguard would keep track of noncovered shares in aggregate, rath...

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