Search found 2433 matches

by Artsdoctor
Tue Jan 10, 2017 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: AMT and taxable portion of state tax refund
Replies: 8
Views: 474

Re: AMT and taxable portion of state tax refund

Generally, if you've consistently been paying the AMT, a state tax refund is not taxed. If you're using Turbo Tax, and I can't say anything about other software programs, you will probably have to fill out the "recovery exclusion" described above by actively going to that form (it's called...
by Artsdoctor
Tue Jan 10, 2017 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: OK to Use Different Cost Basis Method For Covered & Noncovered Shares?
Replies: 15
Views: 854

Re: OK to Use Different Cost Basis Method For Covered & Noncovered Shares?

You will have a mutual fund bifurcation with differing cost bases for covered and non-covered shares. Fidelity has a nice synopsis which might help you: https://scs.fidelity.com/webxpress/help/topics/learn_account_cost_basis.shtml Take a look and then you'll be guided to learn more about what to do...
by Artsdoctor
Tue Jan 10, 2017 5:47 pm
Forum: Personal Consumer Issues
Topic: Anyone else having trouble with unrequested CVS auto-refills?
Replies: 55
Views: 2529

Re: Anyone else having trouble with unrequested CVS auto-refills?

This is a mess and the consequences are not trivial. So this is not just an annoyance. It is a health crisis. What if you write the prescription "do not put on auto-fill". What would that do? It would all depend on who's filling the prescription. I got involved with going deeper into this...
by Artsdoctor
Tue Jan 10, 2017 5:41 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 189
Views: 12130

Re: How Bad was 2008, really?

For me, this was the most memorable thread from that period: https://www.bogleheads.org/forum/viewtopic.php?t=30085 There is a serious discussion about "having to take less risk" by some influential Bogleheads. I think that phrase is just a euphemism for capitulation. That aspect of Plan ...
by Artsdoctor
Tue Jan 10, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on how much % net worth to hold in cash
Replies: 9
Views: 921

Re: Need advice on how much % net worth to hold in cash

Net worth is defined as all assets minus liabilities. Are you really going to include your house is calculating how much cash to have? When you're designing an asset allocation, most people are going to use investable assets (not figuring net worth). There may be some people who take their house equ...
by Artsdoctor
Tue Jan 10, 2017 5:15 pm
Forum: Personal Consumer Issues
Topic: Anyone else having trouble with unrequested CVS auto-refills?
Replies: 55
Views: 2529

Re: Anyone else having trouble with unrequested CVS auto-refills?

I've never knowingly asked for auto-refill. They always ask me, I always say "no." Two days ago I got a robocall saying my prescription was due for refill, did I want to refill it? After doing a reality check and counting over thirty pills left of my ninety-day supply, I pressed "two...
by Artsdoctor
Tue Jan 10, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: OK to Use Different Cost Basis Method For Covered & Noncovered Shares?
Replies: 15
Views: 854

Re: OK to Use Different Cost Basis Method For Covered & Noncovered Shares?

You will have a mutual fund bifurcation with differing cost bases for covered and non-covered shares. Fidelity has a nice synopsis which might help you: https://scs.fidelity.com/webxpress/help/topics/learn_account_cost_basis.shtml Take a look and then you'll be guided to learn more about what to do ...
by Artsdoctor
Tue Jan 10, 2017 10:33 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 189
Views: 12130

Re: How Bad was 2008, really?

How bad was 2008? Were you accumulating? Were you senior and living off of your savings? There have been some good and interesting comments in answering your question. I will submit the near panic thread which I started on October 9, 2008 at the height of the collapse as my answer: Read https://www...
by Artsdoctor
Mon Jan 09, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: How Severe is an HSA Audit?
Replies: 29
Views: 3399

Re: How Severe is an HSA Audit?

When tax preparers joke about the nightmare client, they often refer to the person who brings all their unorganized and uncategorized receipts in a shoebox and drops it on the preparer's desk. :twisted: Now picture the year 2050 when you start reimbursing yourself for this year's medical costs you ...
by Artsdoctor
Mon Jan 09, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: How Severe is an HSA Audit?
Replies: 29
Views: 3399

Re: How Severe is an HSA Audit?

impguard, In reference to your bookkeeping, I'd try to maintain reasonable documentation. You probably get a bill when you go to the doctor. If you paid cash, then write that on the bill and file it (document how you paid for it). If it went through your insurance, you probably have an EOB; you'll u...
by Artsdoctor
Sun Jan 08, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Doctors and retirement
Replies: 67
Views: 7017

Re: Doctors and retirement

Quite a meandering thread. Everything from retirement planning, MOC, patient expectations on how many hours a week/month a physician should work . . . Editing out all of the tangential thoughts and emotions, doctors are like anyone else. At the end of the day, it's all about expenses. How much are y...
by Artsdoctor
Sun Jan 08, 2017 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Disadvantage of Tax loss harvesting
Replies: 65
Views: 3431

Re: Disadvantage of Tax loss harvesting

I cannot come up with any reasonable argument against TLH, but I can come up with a lot in favor. I don't need to elaborate, as livesoft has put it much better than I can. Of course, he has had plenty of practice, in both execution and posting re it. :wink: Another consideration is that capital los...
by Artsdoctor
Sat Jan 07, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Disadvantage of Tax loss harvesting
Replies: 65
Views: 3431

Re: Disadvantage of Tax loss harvesting

If I had accumulated $150k tax loss credits, I would undertake a very critical analysis of my purchasing criteria.........Gordon Believe me. When you have a substantial taxable account and the market is cratering, as it was in 2008-2009, you're not going to know where the bottom is. You're going to...
by Artsdoctor
Sat Jan 07, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Disadvantage of Tax loss harvesting
Replies: 65
Views: 3431

Re: Disadvantage of Tax loss harvesting

STATE INCOME TAX MUST ALSO BE CONSIDERED . Some States, like New Jersey and Pennsylvania, DO NOT allow capital loss carry over. Over harvesting losses more than needed in on year, could potentially cost a taxpayer as much as a ~9% tax in a State like New Jersey, on future gains in the following yea...
by Artsdoctor
Sat Jan 07, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Disadvantage of Tax loss harvesting
Replies: 65
Views: 3431

Re: Disadvantage of Tax loss harvesting

So you will have to read the prospectus to know if this fund does not accrue dividends daily and when the ex-dividend date for getting the monthly dividend was. It also seems that if you sold some shares at a loss, then perhaps that muni tax-exempt 6 month thing would also apply. I don't own muni b...
by Artsdoctor
Sat Jan 07, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Disadvantage of Tax loss harvesting
Replies: 65
Views: 3431

Re: Disadvantage of Tax loss harvesting

I'm an aggressive tax loss harvester and have accumulated over $150,000/- in losses. This statement in a Vanguard article has me concerned. Vanguard research June 2013 Glass half full: The silver lining of capital losses Author Sarah Hammer . investor harvests losses greater than gains plus $3,000 ...
by Artsdoctor
Thu Jan 05, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: When is 59 1/2 for those born August 29, 30, 31?
Replies: 20
Views: 1842

Re: When is 59 1/2 for those born August 29, 30, 31?

livesoft wrote:If a few days matters to any one of the folks in this predicament, then I want to read about why. Thanks!


LOL. Your fingers are faster than mine! There must be some reason for knowing this, and I can't wait to hear what it is . . .
by Artsdoctor
Thu Jan 05, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: "Vanguards Investment Tips For 2017"
Replies: 14
Views: 2455

Re: "Vanguards Investment Tips For 2017"

Be alert and stay the course. It sounds like "Look before you leap." What is the purpose of his giving this view as there is no action to result from it? For the most part, I think he's basically reminding people that investing can have its ups and downs, prepare yourself for some added v...
by Artsdoctor
Thu Jan 05, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you did a Roth conversion the first day of 2017
Replies: 44
Views: 2885

Re: How many of you did a Roth conversion the first day of 2017

Not yet. I'll wait to get a better handle on what my other income will be (I'm a retiree), like from dividends, etc, so I can fine tune the Roth conversion amount to exactly "fill" my 15% federal marginal tax bracket. Why not just shoot high and do a partial recharacterization to dial bac...
by Artsdoctor
Thu Jan 05, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I participate in 401K even if it's American Funds & no Match
Replies: 24
Views: 1425

Re: Should I participate in 401K even if it's American Funds & no Match

Jimmy, There have been many, many posters here who have been in the same position as you. In fact, 401k fees have actually come DOWN over the past couple of years. Nonetheless, you're correct to question the fees and the utility of investing in the 401k. You will usually make out better in the long ...
by Artsdoctor
Wed Jan 04, 2017 8:18 pm
Forum: Investing - Theory, News & General
Topic: "Vanguards Investment Tips For 2017"
Replies: 14
Views: 2455

Re: "Vanguards Investment Tips For 2017"

OK: Paraphrasing here and guilty as charged. "Be alert" is akin to "stay well-informed" and "stay abreast of the markets and economy." And the enigmatic "I realize it sounds paradoxical to say stay current but resist the urge to act, but that's exactly what you sho...
by Artsdoctor
Wed Jan 04, 2017 6:42 pm
Forum: Investing - Theory, News & General
Topic: "Vanguards Investment Tips For 2017"
Replies: 14
Views: 2455

Re: "Vanguards Investment Tips For 2017"

Interesting. There's a bit of a different cadence than the usual perky "stay the course" advice. "Be alert" is a little worrisome coming from him but it's also refreshingly honest. We're supposed to not listen to the background noise, but he's actually arguing for more vigilance....
by Artsdoctor
Wed Jan 04, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth issue using Federal MMF
Replies: 27
Views: 1525

Re: Backdoor Roth issue using Federal MMF

This "settlement fund" will slow things d o w n. Even if you've held the funds elsewhere, transactions involving the Federal Money Market will take an extra day to what we're all accustomed to. The only advantage that I've found is that you can sell something from the Federal Money Market ...
by Artsdoctor
Tue Jan 03, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Roll over HSA funds to another HSA or put in Roth?
Replies: 6
Views: 656

Re: Roll over HSA funds to another HSA or put in Roth?

Read the OP again. There were two options suggested: ⋅ Rollover HSA assets from one HSA to another. ⋅ Make qualified tax-free withdrawals for un-reimbursed medical expenses and use that money to fund Roth IRA contributions they couldn't otherwise make. Both of these are perfectl...
by Artsdoctor
Tue Jan 03, 2017 5:56 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 5276

Re: Tax Loss Harvesting - Is it worth it?

The behavioral benefit of TLH during the crisis when my brain was screaming "do something" was a small but useful benefit. +1 A TLH's biggest benefit may be that it teaches us not to fear a market decline. Why? Because it's hard to notice your investments are losing money when you are con...
by Artsdoctor
Mon Jan 02, 2017 6:46 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 5276

Re: Tax Loss Harvesting - Is it worth it?

Not so fast. Like Grabiner mentioned, this only works for covered shares. There will come a point when you may be selling non-covered shares at a loss (think bond fund shares), and you'll need to perform your own calculations using your own lots. This is done by hand. Show me someone who tax-loss h...
by Artsdoctor
Mon Jan 02, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Why are my Fidelity dividends showing as non-qualified?
Replies: 11
Views: 823

Re: Why are my Fidelity dividends showing as non-qualified?

Thanks so much everybody! Glad to hear my understanding seems to be correct, and things should get straightened out with the official forms once Fidelity sends those out. Does anyone have an guesstimate of what percentage might be qualified vs non-qualified that I could use in demo tax return for n...
by Artsdoctor
Mon Jan 02, 2017 4:05 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 5276

Re: Tax Loss Harvesting - Is it worth it?

Can someone speak of TLH upon tax return season? How does this work? Is it a painful process or is just a figure in a textbox on our tax returns? You import your 1099-B into your tax software and you are done. What could be more simple?! Of course, you might want to read the instructions to the IRS...
by Artsdoctor
Mon Jan 02, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 91
Views: 20383

Re: HSAs in California

^ Yes. If you don't use for medical expenses, it will act like an IRA from a federal point of view. Pre-tax in, accumulation tax-free, then income tax on the way out. From a state point of view, it is just another taxable account. Presumably, the balance will increase and you'll pay state income tax...
by Artsdoctor
Mon Jan 02, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Choice Of Bond Funds For Retirees Late In Life
Replies: 11
Views: 1611

Re: Choice Of Bond Funds For Retirees Late In Life

Munir, Why not do both? When you're in your late 70's, you can still consider that you'll be investing for the next couple of decades, so I wouldn't "cash it in" soon. However, there is a lot of common sense wisdom in looking at the duration of the fund and figuring out when you're going t...
by Artsdoctor
Mon Jan 02, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 91
Views: 20383

Re: HSAs in California

So when I finally sell my investments at 65+, CA will tax it as capital gains while fed will tax it as ordinary income. Is that correct? No. From a federal point of view, the contributions made are in pre-tax dollars, all of the earnings are tax-free, and taking the money out for medical expenses i...
by Artsdoctor
Sat Dec 31, 2016 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Front load DAF?
Replies: 4
Views: 400

Re: Front load DAF?

First, make sure that you're in the bracket that you think you are. If you're in the AMT like many high income earners, you're not in the 39% bracket. I realize it's too late for 2016 so the exercise is futile. But you'd also want to use tax software to put in a mock up of the front-loaded donation....
by Artsdoctor
Sat Dec 31, 2016 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Any tax benefits in prepaying real estate tax for high earner? Pease and AMT worries
Replies: 7
Views: 694

Re: Any tax benefits in prepaying real estate tax for high earner? Pease and AMT worries

If you're in the AMT, PEP and Pease won't apply. See following article by Michael Kitces (you may need to read it slowly and at least twice): https://www.kitces.com/blog/how-the-personal-exemption-phaseout-pep-and-pease-limitation-are-really-just-1-income-surtaxes/ For you, real estate tax won't aff...
by Artsdoctor
Thu Dec 29, 2016 10:46 am
Forum: Personal Finance (Not Investing)
Topic: "How An S Corporation Can Reduce FICA Self-Employment Taxes" by Michael Kitces
Replies: 14
Views: 1361

Re: "How An S Corporation Can Reduce FICA Self-Employment Taxes" by Michael Kitces

I have had an S Corp for more than 20 years, and the article is a very well thought out synopsis of the benefits and potential shortcomings. I thought it was a very fair representation. It didn't touch on the ability to deduct expenses from income, although that wasn't the purpose of the article.
by Artsdoctor
Thu Dec 29, 2016 2:13 am
Forum: Personal Consumer Issues
Topic: Best rate buying euros or Canadian $$ in US
Replies: 16
Views: 1078

Re: Best rate buying euros or Canadian $$ in US

I believe they've done away with the 10% surcharge: http://www.havanatimes.org/?p=117419 I don't believe they have. From your article (3/16): "He said the decision should enter into force as soon as US authorities allow Cuban state institutions to use the dollar in transactions in the United S...
by Artsdoctor
Wed Dec 28, 2016 7:21 pm
Forum: Personal Consumer Issues
Topic: Best rate buying euros or Canadian $$ in US
Replies: 16
Views: 1078

Re: Best rate buying euros or Canadian $$ in US

I had to buy a large quantity of Euros a few weeks ago and my friends that work in banking recommended me to buy it at one of the currency exchange businesses in downtown Miami. I was surprised that they sold me Euros at a few pennies over the official rate (1.043 vs. 1.040 on that day) while Chase...
by Artsdoctor
Wed Dec 28, 2016 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: interesting WSJ article on donor advised funds
Replies: 22
Views: 2077

Re: interesting WSJ article on donor advised funds

I'm going for a December 30 contribution to our DAF. Hope to capture the maximum gains the market will deliver. Markets CAN crash the last week of the year . . . If it's appreciated mutual fund shares you're going to be transferring, considering doing it right before the dividend is paid in order t...
by Artsdoctor
Wed Dec 28, 2016 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 31
Views: 2343

Re: DAF for church offering? [Donor Advised Fund]

Green, Your point is well-taken, and your personal experience is a good one (however, the article from the Journal of Philanthropy was really what I took issue with). In a way, it's a little like using your American Express card at a small, family-owned business to buy $10 worth of candy. As a consu...
by Artsdoctor
Tue Dec 27, 2016 10:27 pm
Forum: Investing - Theory, News & General
Topic: Should individual bonds be held close to retirement?
Replies: 33
Views: 1807

Re: Should individual bonds be held close to retirement?

I would die of boredom if all I had were a TIPS ladder. It's possible that your entire portfolio would be in TIPS, although I just don't see that happening logistically. At least for me, they'd be dreadful investments to hold in a taxable account, and I'd like to have investments in as many investme...
by Artsdoctor
Tue Dec 27, 2016 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 31
Views: 2343

Re: DAF for church offering? [Donor Advised Fund]

One perspective regarding "pledge" that I have been involved with, which might help illustrate. I have been involved as a major donor with helping to fund a building. There is a benefit for the charity to amass "money that is legally committed" in order to finance the building pr...
by Artsdoctor
Tue Dec 27, 2016 10:05 pm
Forum: Investing - Theory, News & General
Topic: Should individual bonds be held close to retirement?
Replies: 33
Views: 1807

Re: Should individual bonds be held close to retirement?

^ I understand amortizing a premium bond. But you would be surprised at how many people believe they're receiving 5%--in interest. Yes, you are getting your principal back, partially paid over a decade. Many forget this concept (and any accountant will tell you that plenty of people don't think to a...
by Artsdoctor
Tue Dec 27, 2016 5:52 pm
Forum: Investing - Theory, News & General
Topic: Should individual bonds be held close to retirement?
Replies: 33
Views: 1807

Re: Should individual bonds be held close to retirement?

^ It is true that you can outlive your ladder. Personally, I don't have the stomach to have a TIPS ladder all the way to 100. However, I would anticipate having some "levers" to pull in late retirement. You'll (I'll? We'll?) have a much better idea what your financial situation is, rather ...
by Artsdoctor
Tue Dec 27, 2016 3:40 pm
Forum: Investing - Theory, News & General
Topic: Should individual bonds be held close to retirement?
Replies: 33
Views: 1807

Re: Should individual bonds be held close to retirement?

The original link to the wiki here is excellent, and all should read. We have to all recognize that we might not be talking about the sign thing. For example, there IS a difference between rolling and non-rolling ladders, etc. There is one phrase that I would clarify: individual bonds give you your ...
by Artsdoctor
Tue Dec 27, 2016 9:25 am
Forum: Investing - Theory, News & General
Topic: Should individual bonds be held close to retirement?
Replies: 33
Views: 1807

Re: Should individual bonds be held close to retirement?

^ogd, The way I've wrapped my mind around the concept of a LMP is, for my needs, it represents the basics. I can pretty much guesstimate how much money I'll need each year for essentials. (And I will say that it took me a little while to figure out just exactly what "essentials" meant to m...
by Artsdoctor
Tue Dec 27, 2016 12:55 am
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 31
Views: 2343

Re: DAF for church offering?

GreenGrow, That is a surprisingly selfish article in the Journal of Philanthropy. Any charity needs to be upfront with a donor that a $5,000 gift is only $4,000 deductible. Any serious philanthropist is going to understand this distinction. You're going to get a donor's anger upfront (when he realiz...
by Artsdoctor
Tue Dec 27, 2016 12:20 am
Forum: Investing - Theory, News & General
Topic: Should individual bonds be held close to retirement?
Replies: 33
Views: 1807

Re: Should individual bonds be held close to retirement?

Yes, a bond fund price can drop quite a bit in a rising rate environment and you are right to be cautious. Remember the term duration. The longer the duration, the more volatile the investment. It would make no sense to buy a fixed income investment with a duration of 10 years if you're going to nee...
by Artsdoctor
Mon Dec 26, 2016 11:53 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 10788

Re: At what age, income, and NW would you buy a $50k car?

This sounds like a "Can I afford it?" Suze Orman show. What are your income and expenses? Of course there are situations when you can buy a $50,000 car! But you didn't give us enough information about where you stand with retirement goals, insurance, family provided for, etc., etc., etc. Y...
by Artsdoctor
Fri Dec 23, 2016 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard transfer nightmare....
Replies: 35
Views: 3567

Re: Vanguard transfer nightmare....

I'm trying to wrap my head around the concept of having 35-40 different mutual funds. Then, I know for a fact that US Bank doesn't offer their services for free (they charge $25 per transaction on no-load mutual funds according to their website, but I'm sure your accounts are different). And finally...
by Artsdoctor
Fri Dec 23, 2016 10:29 am
Forum: Investing - Theory, News & General
Topic: Is rebalacing only about risk?
Replies: 60
Views: 3058

Re: Is rebalacing only about risk?

Rebalancing is about maintaining your intended asset allocation, and is mathematically necessary at some point. I think any more than that, is overthinking it really. Simple example, if you decide you want 60% stocks and 40% bonds, and want to keep it that way, at some point, you'll need to rebalan...
by Artsdoctor
Fri Dec 23, 2016 10:13 am
Forum: Investing - Theory, News & General
Topic: Is rebalacing only about risk?
Replies: 60
Views: 3058

Re: Is rebalacing only about risk?

And no one can agree exactly on how to rebalance, except that you should keep trading expenses low and avoid generating needless capital gain taxes in the process. I was wondering about this. How do you rebalance if you've got your AA split between 401k / IRA / taxable for tax efficiency? Do you ju...

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