Search found 3702 matches

by House Blend
Mon Feb 20, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Consolidated 1099-DIV or individual entries
Replies: 8
Views: 510

Re: Consolidated 1099-DIV or individual entries

news_watch, The seemingly contradictory answers you are seeing here and from Google have to do with the difference between old style mutual fund only accounts at Vanguard, and their brokerage accounts. If you became a Vanguard customer as of last year, then you almost certainly have (only) a brokera...
by House Blend
Mon Feb 20, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA question
Replies: 1
Views: 159

Re: Roth IRA question

I gather that you (don't want to|can't) set up a backdoor Roth situation. Presumably you have existing pre-tax dollars in a trad IRA. I think that *typically*, corrected 1099s tend to have small effects on AGI. Aside from foreign taxes withheld, there is generally no ambiguity about how much was dis...
by House Blend
Sun Feb 19, 2017 8:49 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2409
Views: 606651

Re: What Movie Have You Recently Watched?

ResearchMed wrote:OTHER RECOMMENDATIONS for movies about/involving/set in Japan would be welcome!

If you want contemporary Japan, these come to mind:

Jiro Dreams of Sushi [a documentary]
Tampopo
A Taxing Woman

And of course, just about everything directed by Kurosawa (but his best work IMO is not contemporary).
by House Blend
Sun Feb 19, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing an amended tax return?
Replies: 18
Views: 1102

Re: Is it worth filing an amended tax return?

Is it really worth filing an amended return for only $18? That's a personal decision. If it were me, I would not bother. However, if for example, your brokerage issues a corrected 1099, or you spot other mistakes, then the decision may get easier. In any case, I would wait until after your return h...
by House Blend
Sun Feb 19, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: If you were going to drop down to 15% bracket for one year...
Replies: 7
Views: 886

Re: If you were going to drop down to 15% bracket for one year...

Does it make sense to sell and re-buy all taxable holdings? This is a one-year anomaly due to sabbatical, though I assume we will be back in that bracket in retirement. It certainly doesn't make sense to realize short term gains. So, no, not all holdings. This may not apply to you, but a common mis...
by House Blend
Fri Feb 17, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: RMD timing question (turning 70.5 and still working)
Replies: 11
Views: 483

Re: RMD timing question (turning 70.5 and still working)

I would ease back on the anxiety and let Dad muddle through and make his own mistakes. Be low-key on the advice. 1. For a 30K+ public university, the plan offerings are *probably* good. But I still wouldn't recommend consolidating there sight unseen. 2. Can't do that. My understanding is that if thi...
by House Blend
Wed Feb 15, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Cost basis reporting
Replies: 15
Views: 507

Re: Cost basis reporting

I see what you are saying with the other categories. I wouldn't be reporting just up to 2012, I would report all the way until sold? For example for this lot: http://i65.tinypic.com/icu7om.png I would have 3 areas to fill out: 1 for ST covered 1 for LT covered 1 for LT non covered All sold on the s...
by House Blend
Wed Feb 15, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Never-Ending Foreign Tax Credit Problem
Replies: 33
Views: 2369

Re: Never-Ending Foreign Tax Credit Problem

resting, I think what people were objecting to is that your OP appeared to limit the apportioning to US and foreign sourced dividends. That's correct only if this is the only income you have. Given that you are filling out the form correctly, and that your ability to claim the credit is limited, the...
by House Blend
Wed Feb 15, 2017 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Never-Ending Foreign Tax Credit Problem
Replies: 33
Views: 2369

Re: Never-Ending Foreign Tax Credit Problem

Now it is true that if one has more than $20,000 in foreign qualified dividend income , then it gets trickier. Your post suggests that this is not the case. I just want to call out this part (bolding mine) as I misread it the first time and pulled out my 2016 filing to check. I misread it as holdin...
by House Blend
Wed Feb 15, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: New cars or Pool?
Replies: 59
Views: 3190

Re: New cars or Pool?

- Fence is a must at least until your kids are expert swimmers. Maybe it depends on local ordinances, but where I grew up (SoCal), you don't have any choice in the matter. Fencing/walls must surround the pool and any gates must auto-close, or you won't get the construction permit, and your insuranc...
by House Blend
Wed Feb 15, 2017 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Never-Ending Foreign Tax Credit Problem
Replies: 33
Views: 2369

Re: Never-Ending Foreign Tax Credit Problem

jebmke wrote:The generalized version of this is

livesoft wrote:But it doesn't hurt to read ..... the instructions

IMO it does hurt, in a way somewhat proportional to the number of paragraphs in the instruction booklet that apply to you.

Back on topic, another resource that the OP may find useful is Publication 514.
by House Blend
Wed Feb 15, 2017 9:40 am
Forum: Investing - Theory, News & General
Topic: Thoughts on relocating market exposure to taxable account for TLH?
Replies: 8
Views: 533

Re: Thoughts on relocating market exposure to taxable account for TLH?

Why is it that you are holding cash in the first place? Looks like market-timing to me. If that's what you want to do, don't let me get in your way. You can disregard the rest of this post except maybe the last point. The usual (non-market timing) reason to hold cash in a taxable account has to do w...
by House Blend
Tue Feb 14, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Converting a new Roth to a Traditional IRA
Replies: 20
Views: 869

Re: Converting a new Roth to a Traditional IRA

After scolding KnowNothing for using the wrong terminology, you did the same thing when you called his $525 Roth conversion a "Rollover". :oops: According to the IRS, You can convert your traditional IRA to a Roth IRA by: * Rollover – You receive a distribution from a traditional IRA and ...
by House Blend
Tue Feb 14, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Vang.1099-DIV and Wisconsin tax on munis
Replies: 7
Views: 482

Re: Vang.1099-DIV and Wisconsin tax on munis

Yes, the total (annual) amount from VWIUX is reported in Box 10 of the 1099-DIV. But I don't get it. Why would this total amount be "dividends" rather than "interest"? And, does it make any difference (in terms of tax treatment or other) whether they are listed as "interest...
by House Blend
Mon Feb 13, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: (Hopefully) simple Alternative Minimum Tax question
Replies: 1
Views: 203

Re: (Hopefully) simple Alternative Minimum Tax question

No, I think the Federal tax bill under regular or AMT should be $0. As far as I know, the only muni bond interest that is taxable under the AMT is interest from "Private Activity Bonds". According to this page, there was no such income from VMATX in 2016. https://advisors.vanguard.com/VGAp...
by House Blend
Mon Feb 13, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Converting a new Roth to a Traditional IRA
Replies: 20
Views: 869

Re: Converting a new Roth to a Traditional IRA

KnowNothing, It's important to understand that you are using the wrong terminology. This is not a conversion you are talking about. You are asking about possibly recharacterizing your 2016 and 2017 Roth IRA contributions. Yes, you can do that, but in the case of the 2016 contributions, it will be si...
by House Blend
Mon Feb 13, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: Is Guam in Ohio? [Tax-exempt bond fund holding]
Replies: 37
Views: 2932

Re: Is Guam in Ohio? [Tax-exempt bond fund holding]

Probably not for a state-specific muni fund; that's the whole point of having such a fund. Just because Vanguard (or some other company) puts together a state-specific muni fund doesn't apparently require the state to agree that the fund's dividends are state tax exempt. Or should we assume that Va...
by House Blend
Mon Feb 13, 2017 9:20 am
Forum: Investing - Theory, News & General
Topic: Is Guam in Ohio? [Tax-exempt bond fund holding]
Replies: 37
Views: 2932

Re: Is Guam in Ohio? [Tax-exempt bond fund holding]

The subtlety here is that while CA cannot tax the interest from any Guam bonds that my Mom may own, she does not actually own any Guam bonds. She owns shares in a mutual fund (aka "registered investment company"), and it is not so clear that this tax-exemption extends when income is distr...
by House Blend
Sun Feb 12, 2017 11:24 am
Forum: Investing - Theory, News & General
Topic: Is Guam in Ohio? [Tax-exempt bond fund holding]
Replies: 37
Views: 2932

Re: Is Guam in Ohio? [Tax-exempt bond fund holding]

I'll take the preceding two posts as evidence that I should be adding the territory percentages for my non-state-specific muni funds to the percentage from my state. I know it will only save me less than a dollar in state taxes, but I still like to be accurate. The correct answer may depend on your...
by House Blend
Sun Feb 12, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401(k) for someone with LOTS in taxable?
Replies: 41
Views: 2409

Re: Roth vs. Traditional 401(k) for someone with LOTS in taxable?

One other factor you should take into account are your retirement goals. For example, if your goal is to retire as soon as humanly feasible, then it's more likely your retirement income will involve filling only the lowest tax brackets, and would favor more tax-deferral now. On the other hand, if yo...
by House Blend
Thu Feb 09, 2017 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Should I convert 457b funds to an in-plan Roth rollover?
Replies: 9
Views: 394

Re: Should I convert 457b funds to an in-plan Roth rollover?

Contribute yes, but only if you are eligible. You say you are retired, but if spouse is still working, you can qualify to contribute to a Roth IRA for 2016 based on his/her 2016 wages. And even if you do it, won't change your 2016 tax bill. And if you do, you are limited to $6500 for your IRA and $...
by House Blend
Thu Feb 09, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Should I convert 457b funds to an in-plan Roth rollover?
Replies: 9
Views: 394

Re: Should I convert 457b funds to an in-plan Roth rollover?

OK, sounds like the custodian of your 457(b) also offers Roth IRAs. Another way to skin the cat. I didn't think I'd have to "guess" the amount to convert up to the top of the 15% bracket if I know what my taxable income is after filing my return. For example, this year I know it would be u...
by House Blend
Thu Feb 09, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 253
Views: 30876

Re: TLH for absolute dummies [Tax Loss Harvesting]

does TLH get in the way of rebalancing? When a fund is underperforming we're supposed to buy More of it, Not sell it, aren't we? :? thanks No, TLH does not get in the way of rebalancing or purchasing more of the underperforming fund. Last year I sold $100K of Fund A (FTSE ex US) to buy Fund B (Tota...
by House Blend
Thu Feb 09, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Should I convert 457b funds to an in-plan Roth rollover?
Replies: 9
Views: 394

Re: Should I convert 457b funds to an in-plan Roth rollover?

Here is my question: Should I convert some 457b money (approx. $15,000 this year) to a Roth up to the top of the 15% tax bracket, paying the taxes from the TD funds?? If so, should I do it every year while I can? I was actually thinking of taking SS at 62 (estimated at $25,000/yr), while my wife an...
by House Blend
Wed Feb 08, 2017 1:59 pm
Forum: Investing - Theory, News & General
Topic: Beat the market long-term? Yes, it can be done.
Replies: 133
Views: 1770

Re: Hard to Believe [Vanguard insights on VG Active funds beating market]

^I had hoped it was clear in my post, but I guess it wasn't. I have zero quarrel with the Sharpe quote. You'll also notice that 50% outperform / 50% underperform appears nowhere in that citation. The word "average" does. Where I have an issue with the Newhall quote is the ambiguity of what...
by House Blend
Wed Feb 08, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA + Cash portfolio help
Replies: 11
Views: 905

Re: Inherited IRA + Cash portfolio help

20 years was the life expectancy for the oldest beneficiary ( there were several ) of the account. So Vanguard had to setup it up that way. Unfortunately I could not take it over my own life expect. That doesn't make sense. As far as I understand, the rule is that you have to take the RMD for decea...
by House Blend
Wed Feb 08, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 132
Views: 16920

Re: Wow, Vanguard Flagship service is bad. Really bad.

It's the luck of the draw as to what these reps are able to answer. The Flagship reps seem like recent college grads who are in training to be assigned to more specific departments. So the quality of rep you get is really luck of the draw. Get one who is about to be promoted and you might get excel...
by House Blend
Wed Feb 08, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Help with tax withholdings
Replies: 8
Views: 668

Re: Help with tax withholdings

OP probably gets a big refund on 2016 taxes since withholding algorithm assumes full year at present salary. W-4 with zero or one allowance should be adequate for 2017. Start with zero and increase to one in 2018 if refund still too large... Thanks for your reply. Would you recommend withholding at...
by House Blend
Wed Feb 08, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 253
Views: 30876

Re: TLH for absolute dummies [Tax Loss Harvesting]

Has anyone made a tool (fancy spreadsheet) or an app to help people recognize when it is a good time to TLH with some of the common low fee vanguard funds? Welcome to the forum. What's wrong with using your Vanguard account? Log in, navigate to the cost basis page, and click on the details for your...
by House Blend
Wed Feb 08, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: Beat the market long-term? Yes, it can be done.
Replies: 133
Views: 1770

Re: Hard to Believe [Vanguard insights on VG Active funds beating market]

I think your ire is misplaced. He said 50% of the DOLLARS outperform, not 50% of the funds. However, what he said is still open to criticism because in general, the median and the average are two different things. (Compare average sale prices of homes vs. median sale prices. Or average salaries vs....
by House Blend
Tue Feb 07, 2017 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Exempt Bonds in Taxable?
Replies: 7
Views: 1113

Re: Tax Exempt Bonds in Taxable?

It would seem that to get my bond allocation up I would need to either have the majority of the plan with a high expense ratio or less diversification than I would want. If I don't want to take up Roth space with bonds, it occurred to me that the next best option might be to go with tax free bonds ...
by House Blend
Tue Feb 07, 2017 4:23 pm
Forum: Investing - Theory, News & General
Topic: [Seth Klarman NY Times Article]
Replies: 19
Views: 1560

Re: SETH KLARMAN NY Times ARTICLE

Note that this is a letter to his investors that is being quoted here, not some public declarations that he shouted out on CNBC. He'd have a rush to the exits if he didn't proclaim his hedge fund to have a strategy that is the perfect antidote to <insert current real or imagined worries here>. In an...
by House Blend
Tue Feb 07, 2017 1:48 pm
Forum: Investing - Theory, News & General
Topic: Buying before distribution
Replies: 4
Views: 379

Re: Buying before distribution

Depends on the size of the distribution, and in some cases also the nature of it. If it's a 10% distribution of non-qualified dividends and short term gains from an REIT, then you shouldn't be buying this fund (in taxable) in the first place. If it's Vanguard TSM, then it's going to be a roughly 0.4...
by House Blend
Tue Feb 07, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Betterment - still good (for me) after fee increase?
Replies: 3
Views: 569

Re: Betterment - still good (for me) after fee increase?

We will invest right around $100k. $68k in our IRAs, $33k as a safety net to be invested in 60-70% bonds, the rest in stocks, as Vanguard ETFs. The $33k safety net should grow by deposits $10k-$50k per year (were both in sales). Without getting into nitty gritty, my simple question is: Would $33k i...
by House Blend
Tue Feb 07, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Charitable - What does the fund transfer process actually look like?
Replies: 4
Views: 550

Re: Vanguard Charitable - What does the fund transfer process actually look like?

6. 95% of the funds I am planning to donate will come from long term capital gains in various Vanguard mutual funds I want to get rid of in my taxable account. All of these were purchased prior to 2012 and are using AvgCost. How do I select the most tax-efficient part of the fund to donate, if I'm ...
by House Blend
Mon Feb 06, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: Betterment White Paper major error? Check my math..
Replies: 32
Views: 3046

Re: Betterment White Paper major error? Check my math..

wprs, I'm unwilling to look at their paper now to check whether I agree with their conclusions or the appropriateness of their assumptions. So I'm just going by what's in your post. It looks to me like they are explaining the theory that leads to the conclusion that for tax-efficiency, one should pr...
by House Blend
Mon Feb 06, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: Washer and dryer - upstairs or downstairs?
Replies: 52
Views: 2877

Re: Washer and dryer - upstairs or downstairs?

Basement, where god intended them to be. I can see the argument for the case of a family with many loads to run weekly, but vastly prefer the basement, where messes, noise, leaks, and other assorted disasters are most welcome. I once had a washer that decided to go to the great laundromat in the sky...
by House Blend
Sun Feb 05, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting State Taxes - trying to identify tax savings if I move?
Replies: 13
Views: 668

Re: Deducting State Taxes - trying to identify tax savings if I move?

^And even without tax law changes, the standard deduction increases when you, and spouse if applicable, hit your 65th birthday(s).
by House Blend
Sun Feb 05, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing Roth IRA Vs Tax diversification
Replies: 22
Views: 1399

Re: Maxing Roth IRA Vs Tax diversification

House Blend said: "For example if your income consists of $20k of SS plus any amount of Roth, none of your SS will be taxable, nor will it be part of your AGI. Your AGI will be $0." According to the IRS, Adusted Gross Income (AGI) is line 37, the bottom line on the front page of the 1040 ...
by House Blend
Sun Feb 05, 2017 12:19 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2409
Views: 606651

Re: What Movie Have You Recently Watched?

Three I've seen recently: Hell or High Water . 4* out of 5. Essentially a modern western, very well done. Loved the stalemate ending. Also (I think this has been mentioned previously in this thread), if there is a top 5 list of "Best Diner Scenes" in the movies, the one here with "So,...
by House Blend
Sun Feb 05, 2017 9:45 am
Forum: Investing - Theory, News & General
Topic: Should retirees build a reserve for RMDs?
Replies: 16
Views: 2356

Re: Should retirees build a reserve for RMDs?

I will start RMDs in 2020, and we will use that money for living expenses . With so many factors that can negatively impact bond prices in the future, would it be wise to build a cash reserve for paying RMDs? IMO, no. Unless you already have an allocation to cash, there's not much point in adding c...
by House Blend
Sun Feb 05, 2017 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Help with Portfolio Planning, including TIAA-CREF
Replies: 12
Views: 815

Re: Help with Portfolio Planning, including TIAA-CREF

Our contracts are GRA for employer contributions and GSRA for ours. So it seems like we have some options for where/how we use TIAA Trad. So, if you decide to make your fixed income allocation 100% TIAA Traditional, understand that when you are rebalancing from fixed income to equity, you will be d...
by House Blend
Sun Feb 05, 2017 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Maxing Roth IRA Vs Tax diversification
Replies: 22
Views: 1399

Re: Maxing Roth IRA Vs Tax diversification

I was convinced that it is better to do Roth now as I will be probably in a higher tax bracket in retirement, till someone here told me that this way I will end up with zero or very low tax bracket in retirement so I would be better to diversify across tax-benefit accounts. You'll need to determine...
by House Blend
Fri Feb 03, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Are there really "Tax Brackets" and does it really matter if I get bumped up into the next one?
Replies: 87
Views: 7397

Re: Are there really "Tax Brackets" and does it really matter if I get bumped up into the next one?

If your taxable income is < $100K, then you are supposed to compute your tax by looking it up in the tax table, which is based on $50 income intervals. So at those levels, if your income is $1 larger, and you are in the 25% bracket, you have a 1 out of 50 chance of owing $12 or $13 more income tax,...
by House Blend
Fri Feb 03, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Are there really "Tax Brackets" and does it really matter if I get bumped up into the next one?
Replies: 87
Views: 7397

Re: Are there really "Tax Brackets" and does it really matter if I get bumped up into the next one?

There is no discontinuity when you hit one. There is no point at which, if you earn one dollar more, you end up with ten dollars less after taxes. The idea that it could happen is a myth. Sometimes situations like that do occur in the tax code, but the tax brackets are not one of them. Yes, it's al...
by House Blend
Fri Feb 03, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax - Tax-Exempt dividends & state-specific exemption
Replies: 16
Views: 1734

Re: Turbotax - Tax-Exempt dividends & state-specific exemption

I am pretty clueless when it comes to law, but this seems to me a pretty strong indication that it is illegal to tax interest from territorial bonds, and that's what would be happening if none of the interest in a sub-50% fund could be excluded. Since Pub 1001 treats government obligation and CA mu...
by House Blend
Fri Feb 03, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: Best way to fund your Donor Advised Fund
Replies: 31
Views: 1783

Re: Best way to fund your Donor Advised Fund

If you're over 59.5 isn't funding it straight out of your IRA an even better tax option, or did I miss a restriction. My understanding is that this is not allowed for funding a DAF. In addition, to do any "qualified charitable distribution" from an IRA, you must be above age 70.5, not 59.5.
by House Blend
Wed Feb 01, 2017 9:58 pm
Forum: Investing - Theory, News & General
Topic: Betterment just raised their costs.
Replies: 123
Views: 9828

Re: Betterment just raised their costs.

@harikaried, OK, thanks. I see that in 2015, betterment realized $14,682.61 in losses for him, but I don't see how that translates into $7,000 in tax savings. For instance, that would save me at most about $2203. I suppose he could be in the 50% marginal income tax bracket. I like the way bettermen...
by House Blend
Wed Feb 01, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: After recharacterizing Roth IRA contributions to Traditional, can I convert them back to Roth?
Replies: 4
Views: 468

Re: After recharacterizing Roth IRA contributions to Traditional, can I convert them back to Roth?

Thanks House Blend! Do you happen to have a source for that? Want to make 100% sure that this is allowed (as it doesn't make sense that I had to do the recharacterization in order to avoid having contributed $5500, but now I am back in the same situation as before I recharacterized except for the t...
by House Blend
Wed Feb 01, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax - Tax-Exempt dividends & state-specific exemption
Replies: 16
Views: 1734

Re: Turbotax - Tax-Exempt dividends & state-specific exemption

On the other hand, dividends from the Vanguard Intermediate-Term Tax-Exempt Fund are exempt from federal taxes. The dividends attributable to non-California states and municipalities needs to be entered as an addition for California. For example, if the original poster received $1,000 in dividends ...

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