Search found 274 matches

by Sublime8700
Tue Nov 29, 2016 11:16 pm
Forum: Personal Consumer Issues
Topic: Selling a life insurance policy
Replies: 9
Views: 911

Re: Selling a life insurance policy

Are there any quirky tax-related benefits or issues at play here? For example, might the premium payments be state or federal tax deductible? Is the payout at death ordinary income or LTCG? The only thing I can think of was it might reduce the value of the estate such that it wouldn't get taxed at d...
by Sublime8700
Wed Nov 23, 2016 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

Here's what Vanguard sent me (Admiral Rep) My colleague shared with me your conversation this morning, with regard to your question on our daily interest accrual funds, please see the following. All money market funds earn interest on a daily basis. Investors in traditional share classes of these Va...
by Sublime8700
Wed Nov 23, 2016 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

Thank you :)

And should it be a sale --> Money market -- > Wait

Or just a transfer from one fund to the next? I presume the latter?
by Sublime8700
Wed Nov 23, 2016 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

So if the date for bond funds doesn't matter much, is there any reason to not just TLH on November 25th and go directly from CA Long Term Tax Exempt into (same day transfer) Long Term Tax Exempt? I.E is there any reason to wait for bond funds until after the dividend has been paid to make the new pu...
by Sublime8700
Wed Nov 23, 2016 9:35 am
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

Would Vanguard just provide a master list if I called?

Thank you for the last suggestion, though.
by Sublime8700
Wed Nov 23, 2016 7:43 am
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

I read the prospectuses and searched for "daily" and "weekly" but wasn't sure I could determine what applied to the 3 funds I mentioned.

I figured people would know off-hand here as there are not that many tax-exempt funds.
by Sublime8700
Wed Nov 23, 2016 6:16 am
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

Having read the Wiki (and the footnotes) I'm frankly still not clear on which of my VG Muni Funds are not subject to the 6-month rule. They all pay dividends monthly -- how am I supposed to tell which ones accrue dividends daily? The ones I hold are intermediate term tax exempt, intermediate CA tax ...
by Sublime8700
Tue Nov 22, 2016 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

Would be really great to know which use #2 rule and automatically are avoiding the 6 month rule. This seems like it should come up more often?
by Sublime8700
Tue Nov 22, 2016 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

According to my CPA this was the second time he had this question in 17 years. I didn't think it was too complicated, but here was his answer. If it is less than 6 months and you've accrued tax exempt dividends (say 3 months at $100 each) and you have a $10,000 loss you would get a loss of $10,000 l...
by Sublime8700
Tue Nov 22, 2016 10:44 am
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

Thanks all.

Is there any reason to do this or not to do it now as opposed to on let's say December 3rd after a dividend has been paid for the month (all else being equal)

Thanks for the info re: muni TLH treatment
by Sublime8700
Tue Nov 22, 2016 3:07 am
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

last try - anyone got any insight here?

Thanks!
by Sublime8700
Mon Nov 21, 2016 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

Looks like we've got the same question :)
by Sublime8700
Mon Nov 21, 2016 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

Is there any reason to wait until the dividend is paid on the 30th?
by Sublime8700
Mon Nov 21, 2016 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

Re: TLH CA Bond Funds?

Anyone?
by Sublime8700
Mon Nov 21, 2016 6:33 am
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2113

TLH CA Bond Funds?

Hi All - I was wondering if there was any good reason NOT to tax-loss harvest some bonds held in taxable. Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares - $3,500 loss VCLAX Vanguard California Long-Term Tax-Exempt Fund Admiral Shares - $7,750 loss Vanguard Intermediate-Term Tax...
by Sublime8700
Wed Oct 19, 2016 3:34 am
Forum: Personal Finance (Not Investing)
Topic: Bank Account in EUR / GBP in America :)
Replies: 1
Views: 230

Bank Account in EUR / GBP in America :)

Hi All -

I need to open up a bank account in the US in EUR and possibly GBP. Does anyone have any experiences? I have heard HSBC is one option -- but looking for any other alternatives.

Thanks in advance!
by Sublime8700
Wed Oct 19, 2016 3:06 am
Forum: Investing - Help with Personal Investments
Topic: Brazilian Citizen Investing - Wish to Limit Credit / Currency Risk
Replies: 5
Views: 313

Re: Brazilian Citizen Investing - Wish to Limit Credit / Currency Risk

As I don't feel qualified to dispense this type of financial advice, can anyone recommend a good individual/group or even type of person that I could search for that would sit down with me and my sister in law and go over these options? E.G a specialist in this area who is reasonable (perhaps not Bo...
by Sublime8700
Tue Oct 18, 2016 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Brazilian Citizen Investing - Wish to Limit Credit / Currency Risk
Replies: 5
Views: 313

Brazilian Citizen Investing - Wish to Limit Credit / Currency Risk

Hi All - I would like to figure out some resources to read or perhaps individuals to talk to in order to understand how to best invest as a citizen of Brazil with about $500,000-$1,000,000. I am trying to understand the basics for a close family member so that they do not squander an inheritance the...
by Sublime8700
Sun Oct 02, 2016 12:33 am
Forum: Investing - Help with Personal Investments
Topic: Finding the Right Mortgage Broker
Replies: 5
Views: 510

Re: Finding the Right Mortgage Broker

Does anyone have any experience with Better.com (I've heard it's good -- but only operates in California and perhaps one other state...)
by Sublime8700
Sat Oct 01, 2016 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Finding the Right Mortgage Broker
Replies: 5
Views: 510

Re: Finding the Right Mortgage Broker

Thank you for your response. I think it is less straightforward than simply avoid a good mortgage broker at all costs -- but again, I'm new at the process.
by Sublime8700
Fri Sep 30, 2016 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Finding the Right Mortgage Broker
Replies: 5
Views: 510

Re: Finding the Right Mortgage Broker

Thank you. Other ideas welcome. One of the reasons I wanted to at least use a broker to begin with is to get a sense of the different variables so I can identify what I did and did not understand.

Are there any requirements for being able to join Pen Fed?

Other thoughts welcome!
by Sublime8700
Fri Sep 30, 2016 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Finding the Right Mortgage Broker
Replies: 5
Views: 510

Finding the Right Mortgage Broker

Hi All - I'm a first time potential home buyer learning all of the ins and outs of the process. I would like to find one or two really high quality mortgage brokers in the southern california / LA area who might be able to help. Does anyone have any resources for finding a really honest, knowledgabl...
by Sublime8700
Mon Aug 22, 2016 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain
Replies: 10
Views: 648

Re: VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain

Presumably there is a way to essentially offset the risk of holding the security with options etc. but that would be relatively complicated. The idea would be that it would result in me being long the stock and short the derivative so I wouldn't have any actual exposure to the stock. This seems comp...
by Sublime8700
Mon Aug 22, 2016 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain
Replies: 10
Views: 648

Re: VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain

I suppose the risk of holding an individual security is outweighed by the reward of holding it until death at which point successors would be entitled to a stepped up cost basis? My understand of that is that if the security had a basis of $5 now and was trading at $50 and i didn't do anything and d...
by Sublime8700
Mon Aug 22, 2016 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain
Replies: 10
Views: 648

VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain

Hi All - I'll be a bit vague here on the details as I don't think they matter: I was fortunate to invest in a venture capital fund that had a holding it had invested in IPO and. When the lock-up period ends the the shared are distributed there will be a very large capital gain for me as investor. On...
by Sublime8700
Tue Aug 02, 2016 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Tax Planning and Angel/VC Investments
Replies: 1
Views: 216

Tax Planning and Angel/VC Investments

Against the better judgment of this forum (and all I have learned from so many of you) I have made my first Angel Investment. Now I'm trying to figure out how to make it as tax efficient as possible. A few articles that piqued my interest: 1. http://www.forbes.com/sites/edwardzimmerman/2016/07/18/gi...
by Sublime8700
Tue Aug 02, 2016 12:06 am
Forum: Investing - Help with Personal Investments
Topic: CA Long-Term Munis v CA Interm. Term Munis ?
Replies: 4
Views: 502

Re: CA Long-Term Munis v CA Interm. Term Munis ?

So in sum, the mechanics are such that there is really a very limited difference in duration and it probably wouldn't make much difference (risk or reward) to go out to Long Term CA instead of Intermediate Term... a slightly higher risk and a slightly higher reward but nothing particularly notable?
by Sublime8700
Mon Aug 01, 2016 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: CA Long-Term Munis v CA Interm. Term Munis ?
Replies: 4
Views: 502

CA Long-Term Munis v CA Interm. Term Munis ?

Hi All - In my fixed income portion of my portfolio I have split the space in my tax advantaged space between VG TIPS and VP Total Bond Market. In my taxable account, I currently have split my allocation to between California Intermediate Term Tax Exempt And Intermediate Term Tax Exempt (Federal) as...
by Sublime8700
Fri Jul 15, 2016 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3134

Re: Avoiding Inheriting Parents' Financial Mess / Debts

So it turns out this isn't as cut and dry (at least on the ancillary issues) as "he doesn't have to worry..." If he was to seek out a lawyer to really hit the high points of this for him in a succinct manner what would it be? Bankruptcy? Probate? Estate? (I doubt) Seems like once I show hi...
by Sublime8700
Fri Jul 15, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3134

Re: Avoiding Inheriting Parents' Financial Mess / Debts

If your friend is the one with the problem, shouldn't he come here and ask and answer some questions. Maybe he needs to grow up and take some action on his own families behalf? There are many nice people here, good luck to him. I understand where this sentiment comes from. But keep in mind my frien...
by Sublime8700
Fri Jul 15, 2016 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3134

Re: Avoiding Inheriting Parents' Financial Mess / Debts

I guess one good question might be whether there are any ways to protect the assets of the the deceased -- particularly a home -- so that the children would maybe be able to maintain a home that has been in the family for 50+ years...? Probably a reach but people seem to know their stuff on here as ...
by Sublime8700
Fri Jul 15, 2016 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3134

Re: Avoiding Inheriting Parents' Financial Mess / Debts

Thanks, All. I appreciate it.

I'm just trying to help in an ugly situation (there are health issues involved etc)

I really am grateful for all of your time.
by Sublime8700
Fri Jul 15, 2016 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3134

Re: Avoiding Inheriting Parents' Financial Mess / Debts

I do think there are private school loans (dating back 15 years to middle and high-school) -- does that pose a problem (presuming he did not co-sign on anything)

Harry
by Sublime8700
Fri Jul 15, 2016 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3134

Re: Avoiding Inheriting Parents' Financial Mess / Debts

US From what I have read the most complicated issue is a home that is underwater... and my understanding is that there are multiple mortgages against a home. But really, I've just done some basic research for my friend. As he doesn't have the funds to go and meet with a bankruptcy or probate lawyer ...
by Sublime8700
Fri Jul 15, 2016 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Adding Vanguard High Yield Tax Exempt Fund?
Replies: 13
Views: 1489

Re: Adding Vanguard High Yield Tax Exempt Fund?

Grabineer -- your suggestion re: 50% CA Long-Term Munis and 50% Limited Term Tax Exempt seems to be a bit of a better solution than achieving an intermediate duration by pairing CA intermediate term and Intermediate Term Tax Exempt. I guess the only thing I might say is that I can handle the risk of...
by Sublime8700
Fri Jul 15, 2016 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3134

Avoiding Inheriting Parents' Financial Mess / Debts

Hi All - This is for a close friend who is going through a difficult time. To make a long story short, my friend is ~ 30 years old (struggling actor) and has just found out that his aging parents have made incredibly reckless financial decisions over the last 20-25 years which have resulting in them...
by Sublime8700
Tue Jun 28, 2016 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Adding Vanguard High Yield Tax Exempt Fund?
Replies: 13
Views: 1489

Re: Adding Vanguard High Yield Tax Exempt Fund?

Did Muni Bond Holders get paid in these instances? If there was a haircut, how much was it?

I thought by law they effectively got paid first...
by Sublime8700
Tue Jun 28, 2016 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Adding Vanguard High Yield Tax Exempt Fund?
Replies: 13
Views: 1489

Re: Adding Vanguard High Yield Tax Exempt Fund?

Wow. My mind is mush. I don't understand but I will go through your post. Thank you.
by Sublime8700
Tue Jun 28, 2016 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Adding Vanguard High Yield Tax Exempt Fund?
Replies: 13
Views: 1489

Adding Vanguard High Yield Tax Exempt Fund?

Hi All - I've always split my taxable account into Intermediate Term Tax Exempt and California Intermediate Term Tax Exempt as I don't have space in my tax-deferred accounts and want to keep my asset allocation as planned. As I live in CA and am in the highest tax bracket this seemed to make sense: ...
by Sublime8700
Sun May 15, 2016 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Estate Planners in Illinois
Replies: 3
Views: 427

Re: Estate Planners in Illinois

To bump a (small) old thread -- I've gotten a few nice PMs with suggestions. I would appreciate any others that happen to have someone in mind / that they know of.

Harry
by Sublime8700
Mon May 09, 2016 2:39 am
Forum: Investing - Help with Personal Investments
Topic: Comparing Oakmark to SP 500 - Why Do Graphs Look Different?
Replies: 6
Views: 565

Re: Comparing Oakmark to SP 500 - Why Do Graphs Look Different?

Thanks all. I appreciate that. Is there some approximation that can be used for "other costs" like high-turnover and tax costs that come with an actively managed fund vs. a passively managed fund? I think the Oakmark funds are at least sensible to compare to the S&P 500 in that they ar...
by Sublime8700
Mon May 09, 2016 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Comparing Oakmark to SP 500 - Why Do Graphs Look Different?
Replies: 6
Views: 565

Comparing Oakmark to SP 500 - Why Do Graphs Look Different?

Hi All - I was comparing the SP 500 over the last 10 years to the Oakmark Funds (OAKMX and OAKLX) for illustrative purposes to a family member. I set aside any complicated issues relating to size, value, growth etc. and even bonds. I just wrote: https://www.google.com/finance?q=INDEXSP%3A.INX&ei...
by Sublime8700
Thu Apr 28, 2016 6:39 am
Forum: Personal Finance (Not Investing)
Topic: First-Time Home Mortgage - Highly Variable Income
Replies: 9
Views: 1029

Re: First-Time Home Mortgage - Highly Variable Income

Anyone had any experience with products that somehow tie your mortgage to your cash/equities/bond assets instead of to your "financial condition" however that may be determined for a sole prop. with highly variable income?
by Sublime8700
Tue Apr 26, 2016 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: First-Time Home Mortgage - Highly Variable Income
Replies: 9
Views: 1029

Re: First-Time Home Mortgage - Highly Variable Income

That option sounds interesting. It also sounds like the devil is in the details and it may be something that looks great and turns out really badly.
by Sublime8700
Tue Apr 26, 2016 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: First-Time Home Mortgage - Highly Variable Income
Replies: 9
Views: 1029

First-Time Home Mortgage - Highly Variable Income

I'm a first time (potential) home-buyer looking for a good starting point. Setting aside the cost of the home, it seems the two things that I would likely have a difficult time with / could screw up badly would be: 1. Obtaining a mortgage 2. Closing Fees (there seem to be so many - though this seems...
by Sublime8700
Wed Apr 06, 2016 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Better to sell Long Term Cap Gain (large) or Short Term (much smaller)
Replies: 9
Views: 648

Re: Better to sell Long Term Cap Gain (large) or Short Term (much smaller)

I'm not much of a math guy to be honest (even simple math) but my gut reaction was that it'd make sense to sell the short term cap gains and lock in small profits at higher tax. Having broken this down, here's what I came up with: I could offset against TLH, of course, but I'd rather not have to (if...
by Sublime8700
Wed Apr 06, 2016 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Better to sell Long Term Cap Gain (large) or Short Term (much smaller)
Replies: 9
Views: 648

Re: Better to sell Long Term Cap Gain (large) or Short Term (much smaller)

Let's say for the purpose of this question I need $100,000 of cash. I would pay a higher tax rate on the short-term gains but they are far less substantial. So for example, let's say I bought Total International for $100,000 and 3 months later it's worth $104,000 I have STCG of $4,000 and I could se...
by Sublime8700
Wed Apr 06, 2016 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Better to sell Long Term Cap Gain (large) or Short Term (much smaller)
Replies: 9
Views: 648

Better to sell Long Term Cap Gain (large) or Short Term (much smaller)

Hi All - I need to liquidate some of my personal account in order to pay taxes. As I TLH a lot after the market go beaten down a few months ago and then go back into similar holdings the new holdings all have short term cap gains. They are in the range of $4,000 to $10,000 let's say. The normal Tota...

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