Search found 2471 matches

by Artsdoctor
Wed Feb 22, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to report 1099B cost basis discrepancy on non-covered shares?
Replies: 16
Views: 876

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

^ Just bear in mind that "capital gains" reported on your 1099 are presumed to be long-term. If you've received a short-term gain distribution, it's not included in the "capital gains" section but added to the dividend section. Also, you can't offset a short-term gain distributio...
by Artsdoctor
Tue Feb 21, 2017 12:32 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 10TH BIRTHDAY BOGLEHEADS FORUM
Replies: 62
Views: 2592

Re: HAPPY 10TH BIRTHDAY BOGLEHEADS FORUM

White Coat Investor wrote:I might be the only one who still types in diehards.org.


No, you're not the only one. I do, too.

And, I know for a fact that 10 years is an understatement because I was reading Diehards WAY back when ...

https://personal.vanguard.com/bogle_site/sp20060515.htm
by Artsdoctor
Mon Feb 20, 2017 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Is there ideal Asset LOCATION % as you get closer to retirement?
Replies: 45
Views: 2196

Re: Is there ideal Asset LOCATION % as you get closer to retirement?

Klang, I don't have that data. I could imagine both. Some people have extremely generous matches for their 401k's so will pour every possible cent into them. Others may run out of space and need to use taxable for the majority of their savings. Roths have income restrictions so I'd guess that many p...
by Artsdoctor
Sun Feb 19, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard VSMGX [LifeStrategy Moderate Growth]
Replies: 8
Views: 856

Re: Vanguard VSMGX [LifeStrategy Moderate Growth]

Brianna, The fund itself is fine. But most of us would look at our entire portfolios in calculating our desired asset allocation (and distributing funds accordingly). You don't say what your other funds are, but if the Moderate Growth fund keeps your total portfolio asset allocation where you want i...
by Artsdoctor
Sun Feb 19, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is there ideal Asset LOCATION % as you get closer to retirement?
Replies: 45
Views: 2196

Re: Is there ideal Asset LOCATION % as you get closer to retirement?

Folks, Somebody assume that a person could be 100% in tax- deferred with 2.5 million . I believe we had proved that the possibility is slim to none. KlangFool I don't think there's any way to actually do those calculations yourself, so you'll have to rely on figures that have been published. Over t...
by Artsdoctor
Sun Feb 19, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: HSA allocation in California
Replies: 9
Views: 1067

Re: HSA allocation in California

Steven, Your TIPS ETF (TIP) has only declared dividends and never short (or long) term capital gain distributions. Therefore, you would not be declaring any income from the fund on your state income tax return. You would be expected to declare any capital gain distributions should there be any in th...
by Artsdoctor
Sat Feb 18, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is there ideal Asset LOCATION % as you get closer to retirement?
Replies: 45
Views: 2196

Re: Is there ideal Asset LOCATION % as you get closer to retirement?

I think it might also depend on a couple of other things not yet mentioned: 1. legacy goals 2. charitable contributions It's advisable to donate assets from one's tax deferred accounts, not Roth and use Roth assets for beneficiaries (non-charitable). Something to consider. This at least was my take...
by Artsdoctor
Sat Feb 18, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Is there ideal Asset LOCATION % as you get closer to retirement?
Replies: 45
Views: 2196

Re: Is there ideal Asset LOCATION % as you get closer to retirement?

I think it would be nice to have nearly everything in a Roth but that would be extremely unlikely for anyone. I don't think there could be an "optimal" asset location because everyone's situation is different. For me, I like having multiple types of accounts to choose from: taxable, tax-de...
by Artsdoctor
Sat Feb 18, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Receipts
Replies: 8
Views: 689

Re: HSA Receipts

After reading some threads I've come to notice that many bogles only keep receipts in excess of $50+ spent on health expenses. Is this because they don't feel like keeping up with all the receipts or am I missing something else? Thanks Not at all. I keep track of everything, including transportatio...
by Artsdoctor
Wed Feb 08, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: Best way to fund your Donor Advised Fund
Replies: 31
Views: 1787

Re: Best way to fund your Donor Advised Fund

Thanks to all for the discussion/advice. I got the brokerage information from my charity of choice and have now completed the form to donate the shares from Vanguard. My only complaint would be that I actually have to sign/mail a paper form vs doing it online but I would suspect Vanguard has a good...
by Artsdoctor
Mon Feb 06, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Life Strategy 80%
Replies: 16
Views: 2856

Re: Vanguard Life Strategy 80%

Hello, I am new to the board. I have been drip feeding my LS80 account for about a year, I plan to hold this for 25-30 years or so, all being well! Do you think it would be fair to hope for an average annual return of around 5% over the long haul? I am trying to work out what I need to put in to ac...
by Artsdoctor
Sat Feb 04, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 2103

Re: Full time physician as S-Corp PLUS physician moonlighting

In reading through the thread, I think that everyone has his/her own tolerance for audit risk. Whenever I take an expense or decide on my salary (or distribution), I just imagine how I'd explain my action while sitting across the table from an IRS agent. If you can really do that easily, then pick a...
by Artsdoctor
Sat Feb 04, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Premium Amortization
Replies: 17
Views: 933

Re: Bond Premium Amortization

^ OK, so you're fine when it comes to that (out-of-state munis bought at a premium should definitely be amortized because you'll be paying too much state income tax otherwise). The next question has to do with Medicare premiums. Tax-exempt interest is included in calculating your modified adjusted g...
by Artsdoctor
Fri Feb 03, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Premium Amortization
Replies: 17
Views: 933

Re: Bond Premium Amortization

Actually, amortization matters a great deal if it's an out-of-state bond. So to the OP, were all of your individual bonds in-state? Or did you have out-of-state bonds as well? Also, you need to amortize the premium even on in-state bonds if you're paying for Medicare and are paying surcharge premium...
by Artsdoctor
Fri Feb 03, 2017 8:27 pm
Forum: Investing - Theory, News & General
Topic: Best way to fund your Donor Advised Fund
Replies: 31
Views: 1787

Re: Best way to fund your Donor Advised Fund

Do you only donate appreciated shares if you were going to sell them anyway? If not, it seems (and I may be oversimplifying) that you're saving a little on taxes now in lieu of saving a lot on taxes later. -Steph You can always buy the securities back with money you set aside for the charity. You g...
by Artsdoctor
Fri Feb 03, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: Best way to fund your Donor Advised Fund
Replies: 31
Views: 1787

Re: Best way to fund your Donor Advised Fund

dharrythomas wrote:Thanks...I guess I'll skip the DAF and go straight from IRA to Charity.


You can only do this if you're 70.5.
by Artsdoctor
Thu Feb 02, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TIPS pricing incorrect
Replies: 8
Views: 631

Re: Vanguard TIPS pricing incorrect

A heads-up for those of you with individual TIPS bonds at VG. I just got off the phone with the VG bond desk. TIPS prices have been wrong for the past 3 days and you must do all buy/sell by calling the bond desk. It seems as if the inflation factor is being dropped again, which results in showing T...
by Artsdoctor
Thu Feb 02, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 2103

Re: Full time physician as S-Corp PLUS physician moonlighting

It just wouldn't make any logical sense for someone to have $750,000 in gross proceeds, as an individual, and then have a salary of $265,000. "Reasonable" can vary a great deal. You obviously have never heard of the "John Edward's Rule". When he was running for president, it was...
by Artsdoctor
Wed Feb 01, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Employer denying HSA to eligible employee
Replies: 35
Views: 3265

Re: Employer denying HSA to eligible employee

To answer the questions: jeremyi, partner is not highly compensated, he actually makes less than I do. They gave no justification, just that it wouldn't be allowed anymore. Nate79, it's only one family health insurance plan, which (I believe) is the problem. My employer allows health insurance bene...
by Artsdoctor
Wed Feb 01, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 2103

Re: Full time physician as S-Corp PLUS physician moonlighting

It is true that "reasonable" is a subjective term. Percentages alone would not matter although I would think they'd be part of the whole process that an IRS agent would consider. It just wouldn't make any logical sense for someone to have $750,000 in gross proceeds, as an individual, and t...
by Artsdoctor
Wed Feb 01, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 2103

Re: Full time physician as S-Corp PLUS physician moonlighting

At the end of the day, I would like to think that most people know when they're playing a little too close to the fire. I find it hard to believe that it would be in the anesthesiologist's best interests (or most doctors') to have a W2 showing taxable income of $100,000 with a K-1 distribution of $1...
by Artsdoctor
Tue Jan 31, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 2103

Re: Full time physician as S-Corp PLUS physician moonlighting

I can't think of any reason why you wouldn't use your S Corp. I'm trying to understand your math. Working in round numbers as an example, let's say you have $500,000 of income into your S Corp. You deduct expenses, including taxes, of $250,000 which leaves you with $250,000 for yourself. Are you sa...
by Artsdoctor
Tue Jan 31, 2017 7:00 pm
Forum: Investing - Theory, News & General
Topic: Are you changing your AA based on current events?
Replies: 68
Views: 3219

Re: Are you changing your AA based on current events?

I'm going to try to keep this post apolitical, and not speculative about future laws or policies, both of which are forbidden based on the board's guidelines. We are going through a period unlike any this country has experienced in a long time, if ever. I think most can agree on that. That said, ar...
by Artsdoctor
Tue Jan 31, 2017 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: I just turned 59 1/2 [move 401k funds to Roth IRA]
Replies: 10
Views: 1235

Re: I just turned 59 1/2 [move 401k funds to Roth IRA]

I get the sense that the OP needs a lot more information. Moving money from a 401k to a Roth has nothing to do with being 59-1/2. Some plans let you do in-service rollovers to tIRA at age 59 1/2. I know my employer allows this. However, I'm reading this as moving 401k funds to a Roth. If you're per...
by Artsdoctor
Tue Jan 31, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 2103

Re: Full time physician as S-Corp PLUS physician moonlighting

I can't think of any reason why you wouldn't use your S Corp. I'm trying to understand your math. Working in round numbers as an example, let's say you have $500,000 of income into your S Corp. You deduct expenses, including taxes, of $250,000 which leaves you with $250,000 for yourself. Are you say...
by Artsdoctor
Mon Jan 30, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: I just turned 59 1/2 [move 401k funds to Roth IRA]
Replies: 10
Views: 1235

Re: I just turned 59 1/2 [move 401k funds to Roth IRA]

I get the sense that the OP needs a lot more information. Moving money from a 401k to a Roth has nothing to do with being 59-1/2.
by Artsdoctor
Sun Jan 29, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax on selling your house
Replies: 11
Views: 998

Re: Capital Gains Tax on selling your house

The upgrades, or improvements, need to be part of the house when you sell it. You can't continue to add each subsequent kitchen remodel to the cost basis, you have to take away (from your cost basis) what no longer exists.
by Artsdoctor
Sat Jan 28, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 98
Views: 22114

Re: HSAs in California

grabiner and Artsdoctor - thank you both very much! This all makes much more sense now. With other accounts I'm accustomed to getting some mail at tax time but for the HSA I got nothing. And UMB Bank (where the account is held) didn't provide me with much either, only the 1099-SA. - Went to the UMB...
by Artsdoctor
Sat Jan 28, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 98
Views: 22114

Re: HSAs in California

You will pay CA tax on interest in the "cash" account, and dividends in the "investment" account. (Since you hold a stock index fund, your dividends will all be subject to CA tax.) Thank you, I think that's clear. Now the next problem: how to find out my interest in the 'cash ac...
by Artsdoctor
Fri Jan 27, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Goof on Vanguard 1099-DIV -Anyone Else?
Replies: 6
Views: 743

Re: Goof on Vanguard 1099-DIV -Anyone Else?

This Can't Be ! I just pulled my 2014 and 2015 1099's from Vanguard. Each year showed an amount for Box 2a "total capital gains". Are you saying that those distributions in those years were all l.t.? How can that be? A GinnieMae fund has 2 straight years of nothing but l.t. gains, then, u...
by Artsdoctor
Fri Jan 27, 2017 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard still gets 1099-B basis wrong for non-covered mutual fund
Replies: 17
Views: 1533

Re: Vanguard still gets 1099-B basis wrong for non-covered mutual fund

I just got my 1099-B from Vanguard, and confirmed that Vanguard still doesn't get the basis right for non-covered shares sold by specific identification. In 2016, I sold two lots bought in 2010, one in 2012, and one in 2015. The 2012 and 2015 lots have the correct basis. The 2010 lots have a basis ...
by Artsdoctor
Fri Jan 27, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard still gets 1099-B basis wrong for non-covered mutual fund
Replies: 17
Views: 1533

Re: Vanguard still gets 1099-B basis wrong for non-covered mutual fund

Custodians don't have to report the basis for non-covered funds. That's why they are called "non-covered". It doesn't matter if the cost is reported as 0 or something else. You are responsible for reporting the correct number. That is true for covered shares as well. When you sign your re...
by Artsdoctor
Wed Jan 25, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have to pay full tax owed on RMD at time of distribution
Replies: 16
Views: 1866

Re: Do I have to pay full tax owed on RMD at time of distribution

Just to look at it from the opposite end of the spectrum: if the numbers work, you can have your total federal taxes withheld on December 1 when you take your RMD. There would be no need for estimated tax payments throughout the year. It's a unique advantage to RMD tax withholding, so do the math a ...
by Artsdoctor
Wed Jan 25, 2017 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Investments
Replies: 7
Views: 670

Re: HSA Investments

Panda, If you're early in the accumulation stage (in mid), then just do whatever is easiest. You'd integrate the HSA into your general portfolio asset allocation, so there's no need to make things more complicated with multiple funds. If you're nearing retirement, then I'd switch over to an asset th...
by Artsdoctor
Wed Jan 25, 2017 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard still gets 1099-B basis wrong for non-covered mutual fund
Replies: 17
Views: 1533

Re: Vanguard still gets 1099-B basis wrong for non-covered mutual fund

David, You'll need to fill out Form 8949. On that form, you'll see where you can verify that the cost basis reported by Vanguard was correct--and also you can put in the correct cost basis that was incorrectly reported or not reported by Vanguard. These are long-term sales so you'll have two separat...
by Artsdoctor
Tue Jan 24, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: Swedroe's guidelines to Bonds
Replies: 113
Views: 8439

Re: Swedroe's guidelines to Bonds

Yep. I have learned a lot from Larry over many years and would follow the advice noted above. For me, however, there is an exception because I live in California. California general obligation bonds have an AA- rating and used to have an A rating. So if I were to follow Larry's guidance to the lette...
by Artsdoctor
Sun Jan 22, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 98
Views: 22114

Re: HSAs in California

I'm still terribly confused about my CA HSA! Can it potentially be very simple? My HSA account is actually two buckets: - A "cash" account for my contributions (and employer contributions). Withdrawals also come from here. - An "investment" account, similar to a 401k. I can't pi...
by Artsdoctor
Sun Jan 22, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: HSA withdrawals
Replies: 1
Views: 204

Re: HSA withdrawals

I think your terminology is incorrect but let me take a stab at your question. First, you can have a family plan but there is no such thing as a family HSA. An HSA is always individually owned. There are no joints HSAs, for example. So I believe you meant to say that your wife had an HSA in 2014 and...
by Artsdoctor
Tue Jan 10, 2017 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: AMT and taxable portion of state tax refund
Replies: 17
Views: 1437

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: 918

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: 2754

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: 12851

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: 968

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: 2754

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: 918

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: 12851

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: 3546

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: 3546

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: 7270

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: 3571

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...

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