Search found 318 matches

by FactualFran
Thu May 25, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Help with filling out 8606
Replies: 3
Views: 306

Re: Help with filling out 8606

The value on line 2 of the form for 2015 is 11000. Where did the basis of 5500 in addition to the 5500 on line 14 of the form for 2014 come from? Where did the value of 5500 on line 4 of the form for 2015 come from? In the opening post you wrote that in March 2015 you contributed to an IRA for both ...
by FactualFran
Tue May 23, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: yahoo finance - adjusted price data incorrect?
Replies: 41
Views: 2634

Re: yahoo finance - adjusted price data incorrect?

Sadly, I think the days of using Excel, R, and other programs to automatically download free end of day stock data are over. Yahoo Finance is not the only company that has stopped automatic downloading of historical stock data. I think Google has stopped it as well. I suspect that it is Yahoo's dat...
by FactualFran
Tue May 23, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1674

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

I think the above cases are examples of us using different terminology when referring to the same account. I pulled up some old Mutual Fund account statements from Vanguard online. When you look at the holdings for an account, don't you see a column header labeled "Fund & Account" for...
by FactualFran
Mon May 22, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1674

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

The way I have seen my accounts over the last 40 years at Vanguard, was that each individual holding was identified by a 4-digit fund number, a dash, then an 11-digit account number. So you can have multiple funds in an account and the same fund in multiple accounts. Putting some of what I previous...
by FactualFran
Mon May 22, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1674

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

I get the feeling that Hushpuppy sees something significant in "unique account numbers" that I am missing. Can any other readers respond to this point? This thread has been viewed over 700 times so far, so possibly a few of you should be able to paraphrase what Hushpuppy's concern is --or...
by FactualFran
Sun May 21, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1674

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

Perhaps we could phrase something like: If you are contemplating a recharacterization strategy involving multiple Roth and/or traditional IRAs, Vanguard's brokerage service platform may be unable to execute this strategy in a tax-efficient manner. See (this post). I think that stating that Vanguard...
by FactualFran
Sun May 21, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Re-characterization of Roth contribution "opportunity" issue
Replies: 21
Views: 1395

Re: Re-characterization of Roth contribution "opportunity" issue

Mystified, because you have not yet re-characterized, I am wondering if you could transfer the Roth assets you do not want to re-characterize to a different custodian and then re-characterize just the portion of the money market fund that you desire. (Effectively isolating Roth assets, before re-ch...
by FactualFran
Fri May 19, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRS says I owe..I don't
Replies: 31
Views: 4159

Re: IRS says I owe..I don't

I don't believe the amounts above are correct. Since both $6,500 conversions were done in Feb 2015, the Form 8606 for 2015 should show $6,500 on lines 1 and 2. All other $6,500 amounts listed above for 2015 should be $13,000. Since there were no conversions done in 2014, the Form 8606 for 2014 shou...
by FactualFran
Fri May 19, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Re-characterization of Roth contribution "opportunity" issue
Replies: 21
Views: 1395

Re: Re-characterization of Roth contribution "opportunity" issue

As you can imagine, I am a bit taken back at having to take 12K extra out of my Roth that I didn't earn, put it into my tIRA and then pay taxes on it again when I get distributions out of my tIRA. For my specific situation it amounts to being taxed twice on this 12K. However, the tax ramifications ...
by FactualFran
Fri May 19, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRS says I owe..I don't
Replies: 31
Views: 4159

Re: IRS says I owe..I don't

Check what is on your copies of Form 8606 that you submitted to the IRS. Also, check that the values on lines 8 and 10 of Form 8606 are included in the appropriate lines of Form 1040, Form 1040A, or Form 1040NR. Based on what you wrote in the opening post, for both 2014 and 2015 the only non-blank l...
by FactualFran
Thu May 18, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: IRS says I owe..I don't
Replies: 31
Views: 4159

Re: IRS says I owe..I don't

You stated that you submitted Form 8606. If you submitted them separately, rather than with the return, the IRS may have not associated each with the correct return. Contact the IRS and ask if the return they have on record for you for each of those two years includes a Form 8606.
by FactualFran
Thu May 18, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: Discrepancy in Reported Fund Price - What to Do?
Replies: 11
Views: 677

Re: Discrepancy in Reported Fund Price - What to Do?

You have done the "What to Do" by contacting Vanguard. Give them time to investigate the issue. NAV discrepancies can occur. With the investors shares version of the fund (Vanguard Total Bond Market Index), the NAV at the end of 2001 is reported to have been $10.14. However, the total retu...
by FactualFran
Thu May 18, 2017 2:06 pm
Forum: Investing - Theory, News & General
Topic: yahoo finance - adjusted price data incorrect?
Replies: 41
Views: 2634

Re: yahoo finance - adjusted price data incorrect?

My VMBFX adj close values for 4/27, 4/28, and 5/1 are 10.709, 10.719, and 10.720. What do you propose they should be? The adjusted close value should be: 10.709, 10.74, and 10.72. 10.74 is the value that results from the formula I suggested for cell D4: D5*B4/(B5*(1+C5/E5)). When that formula in D4...
by FactualFran
Wed May 17, 2017 4:06 pm
Forum: Investing - Theory, News & General
Topic: yahoo finance - adjusted price data incorrect?
Replies: 41
Views: 2634

Re: yahoo finance - adjusted price data incorrect?

I've been creating my own "adjusted close" column while waiting for yahoo to get its act together. You just combine their price and dividend values then add a column for adjusted close. Here's a sample using VBMFX - the formula is spelled out in column E. http://i66.tinypic.com/50fg90.png...
by FactualFran
Thu May 11, 2017 3:35 pm
Forum: Investing - Theory, News & General
Topic: Why Does The 60/40 Work So Well?
Replies: 72
Views: 9156

Re: Why Does The 60/40 Work So Well?

Right, but the "rebalancing bonus" may not be all it's cracked up to be. [...] QUESTION: In this case is it only return from price appreciation that matters? Do dividends count? As I wrote: "The best [portfolio allocation] may be some other ratio that turns out to exhibit a rebalanci...
by FactualFran
Thu May 11, 2017 2:25 pm
Forum: Investing - Theory, News & General
Topic: Why Does The 60/40 Work So Well?
Replies: 72
Views: 9156

Re: Why Does The 60/40 Work So Well?

I always liked 50/50 because I could think of it as TWO independent portfolios: 100/0 and 0/100. ONE of those HAS to turn out to be the best and the other is unlikely to lose much, so try them both. A 50/50 fund is equivalent to two portfolios, one 100/0 and the other 0/100, only if there is rebala...
by FactualFran
Tue May 09, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: Dividend stocks vs S&P 500
Replies: 24
Views: 2512

Re: Dividend stocks vs S&P 500

On a quick Google, the only thing I could find that actually tracks the S&P Dividend Aristocrats index is the ProShares ETF, NOBL. And since their web page says "NOBL is the only ETF that focuses on the Dividend Aristocrats," I'll assume I didn't miss anything. Well, it doesn't go bac...
by FactualFran
Tue May 09, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: ES-1040 taxes - any issues with periodic payments
Replies: 6
Views: 305

Re: ES-1040 taxes - any issues with periodic payments

Don't know if once you pay into the "system" it then starts expecting all 4 payments, and triggers some kind of "penalty" if one is missed ? There is no "penalty" specifically for making a payment for a quarter and then not making a payment for a later quarter. There m...
by FactualFran
Mon May 08, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Interest calculation anamoly on I-Bonds
Replies: 4
Views: 417

Re: Interest calculation anamoly on I-Bonds

Along the lines of what Mel wrote, the first three in the list are up to three months old and have no interest credited so far due to the three month penalty. The one issued 01/2017 is four months old and has been credited with one month of its initial composite (annual) rate of 2.76%. The ones issu...
by FactualFran
Sat May 06, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard CSV file of fund performance history
Replies: 16
Views: 1220

Re: Vanguard CSV file of fund performance history

What I'm really trying to get at (maybe poorly stated) are the components of Total Return: i.e., Growth (NAV increase/decrease) and Distributions (e.g., CG distributions and dividends). The components of Total Return used by Vanguard, such as on the web page with the historical returns of the Vangu...
by FactualFran
Fri May 05, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard CSV file of fund performance history
Replies: 16
Views: 1220

Re: Vanguard CSV file of fund performance history

Anyway to get the distributions since inception? Not as far as I know. I mentioned a way to do it in the reply immediately before yours. Get total return data from Portfolio Visualizer, and get price data from Vanguard. Calculate monthly price return. Subtract price return from total return to get ...
by FactualFran
Thu May 04, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA vs. Backdoor Roth IRA
Replies: 12
Views: 814

Re: Roth IRA vs. Backdoor Roth IRA

If you just do a conversion the day after the tIRA contribution, there's no income to worry about. So a backdoor approach still is the simplest with no real downside (assuming you won't withdraw contributions within five years). I have the impression that the person who wrote the opening post would...
by FactualFran
Thu May 04, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard CSV file of fund performance history
Replies: 16
Views: 1220

Re: Vanguard CSV file of fund performance history

Anyway to get the distributions since inception? Not as far as I know. http://finance.yahoo.com has distributions, in addition to the prices as mentioned by livesoft. However, the history available there may not go all the way back to the inception date, the distribution per share is given as a tot...
by FactualFran
Wed May 03, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard CSV file of fund performance history
Replies: 16
Views: 1220

Re: Vanguard CSV file of fund performance history

The complete price history of Vanguard funds are available through the Vanguard web site for Institutional Investors. Do the following ⋅ Open https://institutional.vanguard.com/web/cf/inst-investor-home/#/ ⋅ Click on the search icon (magnifiying glass image) near the top right co...
by FactualFran
Wed May 03, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA vs. Backdoor Roth IRA
Replies: 12
Views: 814

Re: Roth IRA vs. Backdoor Roth IRA

If your income for the year turns out to be under the limit to directly contribute to a Roth IRA, then instead of doing a conversion do a recharacterization. With a conversion the gain attributed to the contribution amount while the money was in the traditional IRA is subject to income tax. With a r...
by FactualFran
Thu Apr 27, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: CCRC Tax Deduction?
Replies: 14
Views: 1080

Re: CCRC Tax Deduction?

We know that LTC in a skilled nursing facility is deductible as an itemized deduction subject to the 10% or 7% of AGI limitation. Has the 7.5% threshold for deducting medical expenses been extended? According to https://www.irs.gov/individuals/changes-to-itemized-deduction-for-medical-expenses that...
by FactualFran
Wed Apr 26, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Question on realized cap gain / estimated taxes
Replies: 16
Views: 688

Re: Question on realized cap gain / estimated taxes

However, with payments of $4,100, $4,100, $4,100, and (Q4) $209,100, you would probably owe a penalty, and would compute it by filing Form 2210. Roughly speaking the issue is that even if your tax liability were evenly spread throughout the year, your payments were not, so you owe interest on havin...
by FactualFran
Wed Apr 26, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Question on realized cap gain / estimated taxes
Replies: 16
Views: 688

Re: Question on realized cap gain / estimated taxes

My question is around the applicability of estimated taxes and I seem to be seeing conflicting information. Since I had some under-withholding last year I am on track to make 4 quarterly payments in 2017 of around $4,100 each – okay all good. Since I’m doing estimated payments and if I make certain...
by FactualFran
Sat Apr 22, 2017 5:46 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 321
Views: 18063

Re: I don't understand the case for EE bonds

If there was a significant possibility of upside potential with current EE bonds (7.5% would have me dancing right now :D), the entire equation would change. But a guaranteed .1% or 3.5% if you leave it tied up for twenty years just doesn't do it for me. I can't help but believe strongly that there...
by FactualFran
Sat Apr 22, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 321
Views: 18063

Re: I don't understand the case for EE bonds

But in 1985, Bogle was barely known and Reagan had the backing of the people. Our 6% bonds was competitive to CDs although we didn't get a toaster. And it was the toaster that eventually killed the S&Ls in the late 1980s. Today the bond market is easily understood and bought/sold. Savings Bonds...
by FactualFran
Sat Apr 22, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Taxation of Treasury Bills (Question)
Replies: 8
Views: 620

Re: Taxation of Treasury Bills (Question)

This question assumes a taxable account. Treasury bills are sold at a price less than face value and the investor (who owns the security) receives the face value at maturity. The investor may sell prior to maturity and receive more or less (usually less) than the face value. My question is how is t...
by FactualFran
Sat Apr 22, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Comcast negotiations
Replies: 58
Views: 6261

Re: Comcast negotiations

Every 6 months I still get a call from them asking to rejoin for a basic plan of $25. I must be the only person who ever says no as the are always surprised when I say no unless they don't charge for the equipment as well (where they make a fortune). You are not the only one who has said no to Comc...
by FactualFran
Fri Apr 21, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 321
Views: 18063

Re: I don't understand the case for EE bonds

The stock market doesn't guarantee you a real return, but EE bonds don't guarantee a real return either . As I've posted above, from 1970 to 1990, holding this type of investment would have lost you a total of 41%. It seems that nearly everyone on this forum is justly concerned about long-term infl...
by FactualFran
Thu Apr 20, 2017 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS auction April 20, 2017. Anyone participating?
Replies: 7
Views: 1063

Re: TIPS auction April 20, 2017. Anyone participating?

kolea wrote:As an FYI.... Price was $1008.65 and coupon = 0.125%. By my calculation that comes out to YTM = 0%.

At least it is not negative which I was worried about.

According to the auction results, the yield was slightly negative, -0.049%.
by FactualFran
Thu Apr 20, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 66
Views: 7781

Re: I bonds May 2017

Of course I can redeem an I Bond in a year with minimum penalty and in 5 years with none and EE Bonds when purchased with the expectation of a 3.53% nominal return have an enormous penalty if redeemed in the first 19 years 364 days of ownership. I just can't get past being stuck in an investment wh...
by FactualFran
Thu Apr 20, 2017 2:18 pm
Forum: Investing - Theory, News & General
Topic: Bond fund dividend accrual-daily vs monthly
Replies: 5
Views: 568

Re: Bond fund dividend accrual-daily vs monthly

Per BlackRock and my 401k provider, BMOAX is a daily accrual fund but, unlike Vanguard's bond funds, pays dividends monthly out of the underlying fund. That is, the daily accrual is reflected in the NAV of the fund rather than have these dividends be in a separate bucket. So, when my fund was sold,...
by FactualFran
Wed Apr 19, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1717

Re: TaxAct not calculating capital gain harvesting properly?

Do you mean the schedule D tax form? It shows a $108 ST gain and a $376 LT loss. So Line 21 is -268. I actually prefer the tax forms to the online tax summaries and lists. The screen shots you posed indicated capital gains of $0 and $100, not a -$268 under one scenario and some other amount under t...
by FactualFran
Mon Apr 17, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do I owe quarterly taxes if I didn't make money in Q1?
Replies: 8
Views: 838

Re: Do I owe quarterly taxes if I didn't make money in Q1?

When I say "issues" I basically mean- Am I going to subject myself to a much larger risk of being audited/are there a lot more hoops to jump through when sending them in uneven amount. I've heard of some form you need to fill out to prove you made uneven income. Is this difficult to fill ...
by FactualFran
Wed Apr 12, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me understand IRA
Replies: 8
Views: 672

Re: Please help me understand IRA

Nondeductable contributions to a traditional IRA are not double taxed if you complete the right paperwork. When you make a nondeductable contribution to a traditional IRA you include with your federal income tax return a Form 8606. That form documents how much in nondeductable contributions have bee...
by FactualFran
Tue Apr 11, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Buying CD through brokerage
Replies: 17
Views: 1141

Re: Buying CD through brokerage

Could someone please explain what do these terms mean - Coupon Rate, Evaluated Price & YTM? How much does the lack of dividend reinvestment affect the CD? I was looking at CUSIP 254672UD8 specifically. I did not realize it is not a new issue. The Coupon Rate of a fixed-income security is the in...
by FactualFran
Mon Apr 10, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Buying CD through brokerage
Replies: 17
Views: 1141

Re: Buying CD through brokerage

It's through Schwab in their CD / Bond. That's why I asked the question about purchasing it via your brokerage account. Those of us without a Schwab account are unable to see the details about the CD. Though a brokerage account that I have, I see two Discover Bank CD issues that mature in 2022, hav...
by FactualFran
Sun Apr 09, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Front-end loads
Replies: 21
Views: 1857

Re: Front-end loads

Is that why we can have American funds in our 401K work plan without load fees? Since these fees would go to our broker and not American? The fees charged on mutual funds from load fund families bought in a 401(k) depends on the agreement between the 401(k) administrator and the employer sponsoring...
by FactualFran
Sat Apr 08, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Front-end loads
Replies: 21
Views: 1857

Re: Front-end loads

Thank you, FactualFran. So if my math is correct, and if you invested $500,000.00 in a 5.75% front end load fund (whether lump sum or over time), you would pay the fund management at least 28k for the privilege, and that's not even taking into account the ER and other little fees that may exist. Yi...
by FactualFran
Sat Apr 08, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: What are the mechanics of paying my expense ratio?
Replies: 18
Views: 1265

Re: What are the mechanics of paying my expense ratio?

Let's use math because it helps provide me a more concrete example: 1) I have $1000 to invest 2) ETF XYZ is my choice, and currently it trades at $10 per share, which may or may not reflect net asset value 3) Assume no trading costs 4) I buy 100 shares of ETF 5) My money is then lumped in with ever...
by FactualFran
Sat Apr 08, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Front-end loads
Replies: 21
Views: 1857

Re: Front-end loads

In addition to what other have posted about the front-end load being charged for "new" money, the front-end load percent depends on the amount invested in the fund. Different funds have different front-end load breakpoints. Open https://www.americanfunds.com/individual/investments/share-cl...
by FactualFran
Sat Apr 08, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Job Change - What to do with pension
Replies: 9
Views: 768

Re: Job Change - What to do with pension

What to do depends on additional details about the particular pension plan. Is the retirement benefit amount based only on a defined benefit formula that uses years of service and highest annual salary? With some pension plans, each employee has a pension account whose value grows even after the per...
by FactualFran
Fri Apr 07, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Cost basis of nontaxable distributions
Replies: 1
Views: 273

Re: Cost basis of nontaxable distributions

The adjusted basis is whatever it was as of the previous year's tax return. If this is the first year that there has been a nontaxable distribution, or something else that caused an adjustment to the basis, then the adjusted basis of the shares held is the cost of those shares.
by FactualFran
Thu Apr 06, 2017 2:28 pm
Forum: Personal Consumer Issues
Topic: STEM & "coding" toys for little ones ?
Replies: 41
Views: 3357

Re: STEM & "coding" toys for little ones ?

In addition to selecting individual items on your own, consider using a subscription kit service. Open https://www.wired.com/2012/11/subscription-boxes-for-kids/ and http://www.momalwaysfindsout.com/monthly-subscription-boxes/ for some reviews of, not necessarily STEM , subscription kits. Also, Amaz...
by FactualFran
Mon Apr 03, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Equity Income vs High Dividend Yield ETF (VYM)
Replies: 7
Views: 787

Re: Equity Income vs High Dividend Yield ETF (VYM)

Because you indicated that the Equity Income fund is not in a tax advantage account, putting money into the High Dividend Yield ETF (or the corresponding index mutual fund), rather than the actively managed Equity Income fund, would likely reduce the amount of capital gain distributions on which you...

Go to advanced search