Search found 44829 matches

by livesoft
Wed Feb 10, 2016 9:54 am
Forum: Personal Finance (Not Investing)
Topic: delicate conversation with grandparents
Replies: 8
Views: 223

Re: delicate conversation with grandparents

I would assume they never went through with it and that the money you are anticipating does not exist. As for grad school, I don't quite understand that. Almost every grad school degree that I am aware of practically pays for itself. The ones that do not ..., well, one should not strive to get those...
by livesoft
Wed Feb 10, 2016 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Did my taxes myself for the first time, feels great
Replies: 13
Views: 920

Re: Did my taxes myself for the first time, feels great

Yes, tax software is great, but if it prevents you from understanding your taxes, then that's not the fault of the tax software.
by livesoft
Wed Feb 10, 2016 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance $
Replies: 7
Views: 676

Re: Inheritance $

Thank you for the insight and links - helpful. The money is coming from a retirement account and would assume we can deposit this $ between different accounts as we see fit. No penalties and does not impact our taxable income for 2016 tax year. Obviously interest, gains (non retirement) on any of t...
by livesoft
Wed Feb 10, 2016 5:54 am
Forum: Investing - Help with Personal Investments
Topic: simple TLH question
Replies: 3
Views: 112

Re: simple TLH question

Yes, definitely.
by livesoft
Tue Feb 09, 2016 8:11 pm
Forum: Personal Consumer Issues
Topic: High school junior summer programs
Replies: 3
Views: 190

Re: High school junior summer programs

You may not like this, but it is the perfect summer to get a job in food service or retail. Of course, there are other jobs, but seeing life from another perspective is an awesome learning experience and helpful on college applications.
by livesoft
Tue Feb 09, 2016 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Idea's for Inherited IRA
Replies: 5
Views: 298

Re: Idea's for Inherited IRA

Sell all those stocks and invest the money in your desired asset allocation according to you investment policy statement.

It seems that your IPS says "Invest in Vanguard 2045" which seems perfectly suitable.
by livesoft
Tue Feb 09, 2016 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: 1098-T; 1099-Q and AOTC HELP needed
Replies: 18
Views: 333

Re: 1098-T; 1099-Q and AOTC HELP needed

2bdbest wrote:TT is only allowing me to see form 1040A...
maybe because I am doing the online version?

This video https://turbotax.intuit.com/tax-tools/t ... 19512.html
says that you have income that makes you not eligible to use 1040A.
by livesoft
Tue Feb 09, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: 1098-T; 1099-Q and AOTC HELP needed
Replies: 18
Views: 333

Re: 1098-T; 1099-Q and AOTC HELP needed

In Forms view, what does Form 8863 have on page 2 Part III?

I can also suggest that you delete the 1099-Q from everywhere and re-enter it.

And my Form 1040 has no line for "Miscellaneous income". Line 7 is where W-2 income ends up.
by livesoft
Tue Feb 09, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: 1098-T; 1099-Q and AOTC HELP needed
Replies: 18
Views: 333

Re: 1098-T; 1099-Q and AOTC HELP needed

I just don't understand why is stating that my 1099-q amount of 19,581 is "Miscellaneous Income, 1099-A, 1099-C" It is income. It is just not taxed income if you have enough qualified education expenses to make it tax-free. So while I cannot see what you did, I will guess that either a) y...
by livesoft
Tue Feb 09, 2016 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: 1098-T; 1099-Q and AOTC HELP needed
Replies: 18
Views: 333

Re: 1098-T; 1099-Q and AOTC HELP needed

I'm not sure I understand your question. Where do you see the 1099-Q as miscellaneous income? I see the total amount of the 1099-Q/529 distribution under wages and income. Right below the w-2 information. On Form 1040? From the 2014 version of TT: Click on Personal tab, then "Deduction & C...
by livesoft
Tue Feb 09, 2016 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: 1098-T; 1099-Q and AOTC HELP needed
Replies: 18
Views: 333

Re: 1098-T; 1099-Q and AOTC HELP needed

I'm not sure I understand your question. Where do you see the 1099-Q as miscellaneous income?

And in the Personal/Deductions & Credits, you did fill out Education stuff, including "Other Education Expenses"? Right?
by livesoft
Tue Feb 09, 2016 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: 1098-T; 1099-Q and AOTC HELP needed
Replies: 18
Views: 333

Re: 1098-T; 1099-Q and AOTC HELP needed

I've used TT for this without problems. But I also read the IRS Publication on QTPs (529 plans) and the AOTC which is IRS Publication 970. I also looked at Form 8863 and the instructions for Form 8863. All of these are available online for free. Are you willing to read them? What about using the hel...
by livesoft
Tue Feb 09, 2016 4:47 pm
Forum: Personal Consumer Issues
Topic: Math and Computer Science
Replies: 53
Views: 2139

Re: Math and Computer Science

Yes, I think so.
by livesoft
Tue Feb 09, 2016 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: What to buy at Staples B&M with $10 off $10 coupon?
Replies: 9
Views: 425

Re: What to buy at Staples B&M with $10 off $10 coupon?

Ink to use with your reams of paper.
by livesoft
Tue Feb 09, 2016 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Does an excess distribution create a wash sale?
Replies: 7
Views: 250

Re: Does an excess distribution create a wash sale?

Yes, selling VTIAX in your IRA is considered a sale, but No, 2 would not be a wash with 3. If you sold VFWAX in your taxable account for a loss and bought VFWAX in your IRA, then that would create a wash sale in your taxable account. You cannot create wash sales in your tax-advantaged accounts. Sell...
by livesoft
Tue Feb 09, 2016 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: -24% Return over 2 years
Replies: 26
Views: 1973

Re: -24% Return over 2 years

A little stock market history is worthwhile. Almost every single year stocks drop at a least 10% from some point. Every third or fourth year, stocks are negative for the year. I think authors such as Larry Swedroe, Rick Ferri, and Bill Bernstein go through stock market history* and let folks know wh...
by livesoft
Tue Feb 09, 2016 3:31 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2692
Views: 534568

Re: U.S. stocks in freefall

flyingaway wrote:Has anyone seen blood on the street yet?

Most things are trading at higher prices than a couple weeks ago, so if you bought then, you still have a chance to sell for a profit.

You have to look at intraday prices though to see the lows.
by livesoft
Tue Feb 09, 2016 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Does an excess distribution create a wash sale?
Replies: 7
Views: 250

Re: Does an excess distribution create a wash sale?

I over funded an IRA in 2015 and recently took an excess distribution. If I tax loss harvest ***(and buy)*** the same fund within 30 days of the distribution, will that create a wash sale? Describe your tax-loss harvesting sale to me please. If I change your question to disregard the IRA: "If ...
by livesoft
Tue Feb 09, 2016 3:16 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing, another study
Replies: 112
Views: 8350

Re: Rebalancing, another study

And what's with Daryanani's Figure 4 which shows an annual rebalancing bonus of 0.7%? A conclusion from these studies is that the so-called "rebalancing bonus" will depend on one's allocation to equities. With some common allocations, there is little, if any, perceptible bonus. And somethi...
by livesoft
Tue Feb 09, 2016 3:03 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing, another study
Replies: 112
Views: 8350

Re: Rebalancing, another study

I saw a robo-advisor's message about daily tax-loss harvesting. The reality is the "daily" does not mean things are tax-loss harvested daily. And the same with these rebalancing studies. "Weekly" rebalancing is not weekly rebalancing. All this "daily" and "weekly&q...
by livesoft
Tue Feb 09, 2016 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalance into bonds during a falling market?
Replies: 8
Views: 626

Re: Rebalance into bonds during a falling market?

I would grit my teeth and not sell equities low.

You can change your IPS to state that your desired asset allocation is 68% plus-or-minus 10% and you would be golden.
by livesoft
Tue Feb 09, 2016 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Does an excess distribution create a wash sale?
Replies: 7
Views: 250

Re: Does an excess distribution create a wash sale?

If you sell something in a qualified account, how could it create a wash sale?
by livesoft
Tue Feb 09, 2016 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to respond to a siblings who gloats over a great stock pick?
Replies: 45
Views: 2282

Re: How to respond to a siblings who gloats over a great stock pick?

I would tell them "Great! Let's go to dinner. Oh, by the way, YOU are buying! Thanks!"

Basically, if you can't make gains off of your sibling without any risks on your part, then you are not being a loving sibling.
by livesoft
Tue Feb 09, 2016 10:25 am
Forum: Personal Finance (Not Investing)
Topic: High school curriculum: Is filling out tax forms part of it?
Replies: 49
Views: 1145

Re: High school curriculum: Is filling out tax forms part of it?

dbCooperAir wrote:Can a person still get the printed sections with the forms and worksheets anymore?

Yes, I was in the library yesterday and all the common forms and instructions are in open boxes on a big table in the adult section of the library.
by livesoft
Tue Feb 09, 2016 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Retirement / financial planning with heavy TIAA-CREF
Replies: 27
Views: 2097

Re: Retirement / financial planning with heavy TIAA-CREF

Hi careful, is there any way you can shorten/simplify your post to less than 10 lines?
by livesoft
Tue Feb 09, 2016 9:46 am
Forum: Personal Finance (Not Investing)
Topic: High school curriculum: Is filling out tax forms part of it?
Replies: 49
Views: 1145

Re: High school curriculum: Is filling out tax forms part of it?

I've seen bad things reported about financial literacy courses (they hurt and not help), so I was thinking more in terms of a narrow unit on a Form 1040 in terms of citizenship and civic duty. Many high school students do have part-time jobs, so a tax return unit taught in March for a couple of less...
by livesoft
Tue Feb 09, 2016 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard Investment Advisory Service worth it?
Replies: 12
Views: 686

Re: Is Vanguard Investment Advisory Service worth it?

Given what you wrote, I don't think the 0.3% would be worth it to you. From all the posts about their service, they would essentially put your portfolio in a target retirement fund. Since you have already done that yourself, there is no reason for you to pay for them to do that for you. You can make...
by livesoft
Tue Feb 09, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: High school curriculum: Is filling out tax forms part of it?
Replies: 49
Views: 1145

High school curriculum: Is filling out tax forms part of it?

Is it a requirement for high school graduation to be able to fill out an annual income tax form? Do any state education agencies have this as a requirement? Do any school districts teach or at least address it in any high school level government, math, or civics courses? Is it part of the curriculum...
by livesoft
Tue Feb 09, 2016 8:51 am
Forum: Investing - Help with Personal Investments
Topic: TLH partners and robo-advisors
Replies: 2
Views: 279

Re: TLH partners and robo-advisors

mookie wrote:Does anyone know which TLH partners the robo-advisors use?

The robo-advisors know and publish these on their web sites.
by livesoft
Tue Feb 09, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Did my taxes myself for the first time, feels great
Replies: 13
Views: 920

Re: Did my taxes myself for the first time, feels great

Congrats on reading the IRS instructions! Are you saying that folks that use TurboTax and other software actually do not ever read the IRS instructions nor look at the forms that tax software produces? OK, one doesn't need to read the instructions carefully every year, but suppose one has a new Form...
by livesoft
Tue Feb 09, 2016 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Mid-seven figure portfolio--help?
Replies: 14
Views: 2372

Re: Mid-seven figure portfolio--help?

There's nothing special about the size of this portfolio. Equities can be in 4 funds initially and if tax-loss harvesting requires, one can double up some funds in the same asset classes: US large-cap: Total Stock Market Index: VTSAX, VTI US small-cap value: Small-cap value index, VBR, VSIVX Foreign...
by livesoft
Mon Feb 08, 2016 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: [REVISED] Losing money to change asset allocation?
Replies: 14
Views: 930

Re: Losing money to change asset allocation?

Your tilting to smaller caps provides higher expected returns based on past performance and higher risk (defined here as volatility). I think tilting to small caps requires one to rebalance into them when they drop like they have recently. This is especially true if small-caps drop more than large-...
by livesoft
Mon Feb 08, 2016 7:52 pm
Forum: Investing - Theory, News & General
Topic: Non deduct. IRA as emergency fund tier?
Replies: 7
Views: 439

Re: Non deduct. IRA as emergency fund tier?

One could use tax-exempt muni bond funds in taxable instead and get the tax-loss harvesting benefits. Plus no need to mess with Form 8606 shenanigans. BTW, I have had a non-deductible IRA for many years before we were eligible for Roth IRAs and Roth IRA conversions. I despise them. Only by the end o...
by livesoft
Mon Feb 08, 2016 7:46 pm
Forum: Investing - Theory, News & General
Topic: VSS Spreads and TLH [FTSE Small Cap ex-US and Tax Loss Harvesting]
Replies: 29
Views: 1192

Re: VSS Spreads and TLH

livesoft wrote:With the Chinese holiday all this week, I would avoid doing anything with funds that have a significant amount of Chinese equities.

VSS is reported to have about 18% in emerging markets, but less than 4% in China.
by livesoft
Mon Feb 08, 2016 7:44 pm
Forum: Investing - Theory, News & General
Topic: Non deduct. IRA as emergency fund tier?
Replies: 7
Views: 439

Re: Non deduct. IRA as emergency fund tier?

Gains are taxed at ordinary income tax rates for a nondeductible IRA. Contrast that with gains in a non-deductible taxable account: gains are taxed at long-term capital gains tax rates and losses are tax-loss harvestable. The only reason I think nowadays to do a non-deductible traditional IRA is to ...
by livesoft
Mon Feb 08, 2016 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: [REVISED] Losing money to change asset allocation?
Replies: 14
Views: 930

Re: Losing money to change asset allocation?

In this situation, I would buy more VXF in a rebalancing move. I'd buy VFIAX and/or IVV or VV or VTI, too.
by livesoft
Mon Feb 08, 2016 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Are FA fears of ETF market (SEC comments) valid?
Replies: 16
Views: 981

Re: Are FA fears of ETF market (SEC comments) valid?

I think the FA saying he paid some fees for you out of his own pocket are total BS. It is probably illegal for him to do so.
by livesoft
Mon Feb 08, 2016 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Move 1M from 401k at 59 ½ ?
Replies: 17
Views: 2082

Re: Move 1M from 401k at 59 ½ ?

When I moved a large 401(k), I had it all in bond funds before the move. Then the move was done by check, so out of the market for 5 days. In essence, my asset allocation did not change in terms of equities:fixed_income during the move. I suspect you are writing about an in-service rollover. The IRS...
by livesoft
Mon Feb 08, 2016 5:37 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing, another study
Replies: 112
Views: 8350

Re: Rebalancing, another study

But the Vanguard white paper did not cover the same ground as the blog article in this thread. Indeed, the point of this thread is that the article covers new ground while re-affirming the old ground. If one's portfolio is standing firmly on old ground, then yes, sure, don't bother with much thought...
by livesoft
Mon Feb 08, 2016 4:46 pm
Forum: Investing - Theory, News & General
Topic: VSS Spreads and TLH [FTSE Small Cap ex-US and Tax Loss Harvesting]
Replies: 29
Views: 1192

Re: VSS Spreads and TLH

With the Chinese holiday all this week, I would avoid doing anything with funds that have a significant amount of Chinese equities.
by livesoft
Mon Feb 08, 2016 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: No guts to buy today!
Replies: 55
Views: 5101

Re: No guts to buy today!

Because they always have in the past. A 0.5% one-day pop in something like BND is almost always back-filled I think.

Anyways, I sold all my bond funds in my Vanguard IRA today. I have to convert to a Roth anyways, so I'll move the cash and buy something later in the Roth.
by livesoft
Mon Feb 08, 2016 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Are FA fears of ETF market (SEC comments) valid?
Replies: 16
Views: 981

Re: Are FA fears of ETF market (SEC comments) valid?

When I meet so-called financial advisors in professional settings, I always offer to run their personal investments for them. I tell them I am going to use index funds and keep expenses low. For some reason, they never talk to me about investing ever again. So I suggest to you that a good offense is...
by livesoft
Mon Feb 08, 2016 3:56 pm
Forum: Investing - Theory, News & General
Topic: VSS Spreads and TLH [FTSE Small Cap ex-US and Tax Loss Harvesting]
Replies: 29
Views: 1192

Re: VSS Wide Bid/Ask Spread

You gotta figure something out for yourself.

See also today's other thread about VSS spreads where I responded: viewtopic.php?p=2793155#p2793155
by livesoft
Mon Feb 08, 2016 3:51 pm
Forum: Investing - Theory, News & General
Topic: Hold International Funds in Roth IRA or Taxable Account?
Replies: 12
Views: 793

Re: Hold International Funds in Roth IRA or Taxable Account?

Doc wrote:I have not looked at livesoft's math but he is competent.

You have, since you responded in that thread, but you have forgotten. :) House Blend also responded in that thread. :)
by livesoft
Mon Feb 08, 2016 3:48 pm
Forum: Investing - Theory, News & General
Topic: VSS Spreads and TLH [FTSE Small Cap ex-US and Tax Loss Harvesting]
Replies: 29
Views: 1192

Re: VSS Spreads and TLH

I never worry about NAV. I showed a TLH between SCZ and VSS in this post with graphs: https://www.bogleheads.org/forum/viewtopic.php?p=742901#p742901 Right now spread is largish because prices are changing quickly. So I suggest you try not to trade close in time. Instead either buy replacement share...
by livesoft
Mon Feb 08, 2016 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: No guts to buy today!
Replies: 55
Views: 5101

Re: No guts to buy today!

Do you have guts today to sell? Bond fund ETFs are up about 0.5% at the moment. Bond funds rarely go up by 0.5% or more in a single day. I'm sure they will trade lower later on this month.
by livesoft
Mon Feb 08, 2016 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting - Fidelity
Replies: 4
Views: 222

Re: Tax Loss Harvesting - Fidelity

Thanks livesoft. I was planning on selling FSTVX and buying FUSVX. I was planning on selling FSIVX and buying FSGDX. Are these 2 funds sufficiently different so as not to cause a wash sale but similar enough to get a reasonable market exposure of what I currently have ? These are the funds that I w...
by livesoft
Mon Feb 08, 2016 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: TLH: Just down lots or all? Does it matter?
Replies: 9
Views: 749

Re: TLH: Just down lots or all? Does it matter?

I would only sell lots with losses and would not sell lots with gains. The reality is that your portfolio will end up with a couple of funds for each asset class in the long run, so get used to it.
by livesoft
Mon Feb 08, 2016 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting - Fidelity
Replies: 4
Views: 222

Re: Tax Loss Harvesting - Fidelity

I wonder if you could suggest some funds available to you that you think would be good replacement funds for the ones you want to sell. There are only a handful of Spartan Advantage funds to investigate, so this should be pretty easy for you to look up. Also note that Fidelity has early redemption f...

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