Search found 631 matches

by markcoop
Thu Mar 23, 2017 9:06 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9250

Re: Anyone else taking less risk

I wonder sometimes if market levels (maybe I mean valuations) should impact my AA. I really do believe in not trying to time the market under most situations. However, there are times where I just want to nibble a little bit because the market is high or the market is low. I'm 50 years old. I certai...
by markcoop
Mon Feb 27, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: 100K gift for kids education...where to put it.
Replies: 35
Views: 2238

Re: 100K gift for kids education...where to put it.

I think sometimes decisions like these come down to assumptions. For me, I made the assumption that I would not qualify for any need-based financial aid. Once I made that assumption, using a UGMA was a simple decision. It wouldn't hurt any aid that I thought I would never get and I knew I would use ...
by markcoop
Tue Jan 31, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: Are you changing your AA based on current events?
Replies: 68
Views: 3400

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

I don't like to change my AA, but sometimes I play a bit in my rebalancing bands. My AA is 60% stocks. If we hit all time highs and I feel the market is high, I will drop down a bit...slowly...toward 50%. When the market was tanking in 2008, I did move up above 60%. The combination of all-time marke...
by markcoop
Thu Jan 05, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Book recommendation for teen
Replies: 15
Views: 812

Re: Book recommendation for teen

However, she has issues with running out of money and then calling home last second. Who needs a book? You are teaching her lessons real time. I assume when she calls you tell her to get a job, or take out a student loan, or agree to a cut back in her cell phone plan. Surely you don't send money? I...
by markcoop
Wed Jan 04, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Book recommendation for teen
Replies: 15
Views: 812

Re: Book recommendation for teen

Thanks for the replies. My daughter is a sophomore in college. She seems to look for bargains, so she does have some level of understanding that money matters. However, she has issues with running out of money and then calling home last second. I feel some good budgeting skills will really help her....
by markcoop
Tue Jan 03, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Book recommendation for teen
Replies: 15
Views: 812

Book recommendation for teen

I'm looking for a good book for my daughter about money. I would prefer for it be an be an easy short read. The topics I'm looking for it to contain are budgeting, the value of saving and maybe touch on investing.

Recommendations?

Thanks
by markcoop
Thu Dec 08, 2016 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks, especially small value stocks, since Nov 4
Replies: 4
Views: 560

Stocks, especially small value stocks, since Nov 4

What is going on with small value stocks? It's up about 18% since the election. The market as a whole is up about 9% over that time. When stocks hit all-time highs and it feels like it's in an overreaction to something, I want to react; although I certainly do understand this is market timing.
by markcoop
Wed Nov 23, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Reduce MAGI to capture full child tax credit?
Replies: 21
Views: 2701

Re: Reduce MAGI to capture full child tax credit?

A few years back I came to a similar conclusion. I had switched to a Roth 401K for a year. When I did my taxes the following year, I realized the hit to the child tax credit. I immediately switched back to a trad'l 401K.
by markcoop
Wed Nov 23, 2016 10:53 am
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 223
Views: 23973

Re: Retreat to cash

Whenever the market reaches new highs, I have an urge to pull back on stocks. If I take any action, it's is usually within my re-balancing bands. I probably rationalize such selling (I do like to buy at all-time lows as well) by convincing myself because it's within my re-balancing bands, then it's ...
by markcoop
Thu Oct 27, 2016 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Low Income - 401k beats Roth?
Replies: 70
Views: 4811

Re: Low Income - 401k beats Roth?

The exercise of running things through software and seeing the outcome is valuable at all stages. I started to contribute to a ROTH 401K in my late 30s with 3 kids. I eventually realized that I was getting a smaller child tax credit and eventually switched back to regular 401K.
by markcoop
Thu Jul 21, 2016 12:48 pm
Forum: Investing - Theory, News & General
Topic: wishing the market would drop to buy more shares
Replies: 36
Views: 3499

Re: wishing the market would drop to buy more shares

1) If the market were to drop, there would be a buying opportunity. However, there's no guarantee the market will rise before you need the money. 2) I view it as a win-win - If the market drops, I will buy more as stocks are on sale. If the market doesn't drop, my current shares are worth more. In e...
by markcoop
Wed Jul 06, 2016 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: What to do if own REITs in taxable with large cap gain
Replies: 8
Views: 795

Re: What to do if own REITs in taxable with large cap gain

Thanks for the responses. His call. Sounds like he may need to money sooner rather than later, so he probably will sell. Guess he got lucky this time.
by markcoop
Wed Jul 06, 2016 10:10 am
Forum: Investing - Help with Personal Investments
Topic: What to do if own REITs in taxable with large cap gain
Replies: 8
Views: 795

What to do if own REITs in taxable with large cap gain

I gave a friend some advice about 10 years ago about diversification. A decision was made to buy some REITs. Somehow, the tax-inefficient part of my advice got lost, and my friend purchased about $15K in Vanguard's REIT fund in a taxable account. It's now worth about $48K. He also bought some more i...
by markcoop
Tue Jun 14, 2016 1:19 pm
Forum: Investing - Theory, News & General
Topic: The Myth of the Recharacterized Roth Conversion after a Loss
Replies: 79
Views: 5636

Re: The Myth of the Recharacterized Roth Conversion after a Loss

Note that we can transfer the tax payment into a money market fund to ensure we have the money to pay the taxes, but if we actually withdraw the money from the tIRA then we can't put our savings back, so we must pay the taxes late in the year. That's a good point. I have never done a conversion or ...
by markcoop
Tue Jun 14, 2016 7:03 am
Forum: Investing - Theory, News & General
Topic: The Myth of the Recharacterized Roth Conversion after a Loss
Replies: 79
Views: 5636

Re: The Myth of the Recharacterized Roth Conversion after a Loss

This reminds me of a problem solving class I took a long time ago. If you have 2 problems, A and B, and you know how to solve A but not B, then if you can show that A and B are equivalent, then you solved B. I believe I've shown that when you take the taxes from the IRA, then the two cases (convert ...
by markcoop
Mon Jun 13, 2016 4:41 pm
Forum: Investing - Theory, News & General
Topic: The Myth of the Recharacterized Roth Conversion after a Loss
Replies: 79
Views: 5636

Re: The Myth of the Recharacterized Roth Conversion after a Loss

Spewin - Then it sounds to me that you are really arguing with FinancialDave's assumption that: it doesn’t really matter whether you pay the taxes for the conversion from an external savings account or from the IRA money that you are converting, as long as you are at least 59.5 years old. Well, we k...
by markcoop
Mon Jun 13, 2016 3:28 pm
Forum: Investing - Theory, News & General
Topic: The Myth of the Recharacterized Roth Conversion after a Loss
Replies: 79
Views: 5636

Re: The Myth of the Recharacterized Roth Conversion after a Loss

it doesn’t really matter whether you pay the taxes for the conversion from an external savings account or from the IRA money that you are converting, as long as you are at least 59.5 years old.Dave If you take the money from the IRA, it is alot easier to understand your point. Case 1 (convert now):...
by markcoop
Wed Jun 08, 2016 2:46 pm
Forum: Investing - Theory, News & General
Topic: 401k(s) are not the best way to save for retirement?
Replies: 57
Views: 7047

Re: 401k(s) are not the best way to save for retirement?

The thing is it depends. Even if it makes sense to contribute to a t401K based on reasons above, there's always something that you may not be considering. There was a conversation a couple of weeks ago about the impact of a t401K on financial aid - https://www.bogleheads.org/forum/viewtopic.php?t=19...
by markcoop
Wed Jun 08, 2016 10:38 am
Forum: Investing - Theory, News & General
Topic: 401k(s) are not the best way to save for retirement?
Replies: 57
Views: 7047

Re: 410k(s) are not the best way to save for retirement?

In my opinion, you should have money in all 3 buckets. And, you could have that if you contribute more to Trad. 401K and put the tax savings into taxable account. Why that is not a good option? KlangFool I don't think we disagree. I have maxed out my t401K and Roth IRAs for many years. But that wor...
by markcoop
Wed Jun 08, 2016 9:54 am
Forum: Investing - Theory, News & General
Topic: 401k(s) are not the best way to save for retirement?
Replies: 57
Views: 7047

Re: 410k(s) are not the best way to save for retirement?

There have been a number of comments on this site talking about why t401K/IRAs are better than ROTH accounts because you can control the taxes. You may even be able to create a situation where you retire early and have years of ROTH conversions with little or no taxes. I've always been skeptical of ...
by markcoop
Sun Jun 05, 2016 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Why bother with a 529?
Replies: 180
Views: 13760

Re: Why bother with a 529?

From one who did use 529s to help fund childrens' education: the 529s were more trouble than they were worth. Didn't save us much at all in taxes, and generated "conversations" with the IRS on two occasions. Can you elaborate about the "conversations"? Is there something you cou...
by markcoop
Fri Jun 03, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Proper Protocol to Handle Fender Bender
Replies: 41
Views: 4060

Re: Proper Protocol to Handle Fender Bender

When people say to call the police, are they saying to dial 911? If yes, even for accidents with minor damage and no one is hurt?
by markcoop
Wed Jun 01, 2016 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: 529 set up by uncle or grandparent & fin aid
Replies: 43
Views: 2632

Re: 529 set up by uncle or grandparent & fin aid

KlangFool - 529s have successor owners. And, you can always change the beneficiary. Maybe it's just me, but I don't find 529s difficult to open or use. Livesoft - I probably agree with you for the parent. For a grandparent, I don't see how those other options are applicable. I assume the grandparent...
by markcoop
Wed Jun 01, 2016 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: 529 set up by uncle or grandparent & fin aid
Replies: 43
Views: 2632

Re: 529 set up by uncle or grandparent & fin aid

A couple of other benefits: 1) Potential state tax deduction on contributions 2) If something happens to the grandparent, the money is going where it was intended. markcoop, 1) The benefits is too small to matter in most cases. 2) Can be solved by TRUST and WILL. What if the kids do not go to colle...
by markcoop
Wed Jun 01, 2016 11:34 am
Forum: Investing - Help with Personal Investments
Topic: 529 set up by uncle or grandparent & fin aid
Replies: 43
Views: 2632

Re: 529 set up by uncle or grandparent & fin aid

A couple of other benefits:
1) Potential state tax deduction on contributions
2) If something happens to the grandparent, the money is going where it was intended.
by markcoop
Wed Jun 01, 2016 10:45 am
Forum: Investing - Help with Personal Investments
Topic: 529 set up by uncle or grandparent & fin aid
Replies: 43
Views: 2632

Re: 529 set up by uncle or grandparent & fin aid

I did a bit more research. The following profile question asks about such assets: SQ521. What is the total value of assets held in Section 529 college savings plans that were established for the student by someone other than the student's parent(s) I found 11 schools that ask this supplemental quest...
by markcoop
Tue May 31, 2016 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: 529 set up by uncle or grandparent & fin aid
Replies: 43
Views: 2632

Re: 529 set up by uncle or grandparent & fin aid

As I pointed out earlier. Unlike FAFSA, each school is free to treat 529 plans as they see fit from the CSS PROFILE. When you complete a PROFILE it is specific to each school. Some schools do not even ask for the information. Some schools automatically use it in their formulas. Finally, some school...
by markcoop
Tue May 31, 2016 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: 529 set up by uncle or grandparent & fin aid
Replies: 43
Views: 2632

Re: 529 set up by uncle or grandparent & fin aid

A simple Google search would have found this information from a multitude of sources. Here is the relevant info from FinAid Section 529 College Savings Plan Loophole The CSS/Financial Aid PROFILE form asks the family to list all 529 college savings plans that name the student as a beneficiary, rega...
by markcoop
Tue May 31, 2016 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: 529 set up by uncle or grandparent & fin aid
Replies: 43
Views: 2632

Re: 529 set up by uncle or grandparent & fin aid

The CSS PROFILE requires the listing of all 529 plans with the student as beneficiary regardless of the owner or the student's dependent status. I don't think this is true. How would you even know if Grandma opened an account for your child? If you have a specific source that says this, I'd be inte...
by markcoop
Tue May 31, 2016 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: 529 set up by uncle or grandparent & fin aid
Replies: 43
Views: 2632

Re: 529 set up by uncle or grandparent & fin aid

A couple of points: 1) The CSS Profile and FAFSA both switched to prior prior, so any 529 disbursements after Jan 1 of Sophomore year will not affect aid for that student at any school that uses either form. Note: This change does not start applying until the 2017/2018 school year. This is true and...
by markcoop
Tue May 31, 2016 9:51 am
Forum: Investing - Help with Personal Investments
Topic: 529 set up by uncle or grandparent & fin aid
Replies: 43
Views: 2632

Re: 529 set up by uncle or grandparent & fin aid

A couple of points: 1) The CSS Profile and FAFSA both switched to prior prior, so any 529 disbursements after Jan 1 of Sophomore year will not affect aid for that student at any school that uses either form. 2) Not sure I understand what Spirit Rider is saying when he says "Third party 529s of ...
by markcoop
Thu Mar 10, 2016 10:34 am
Forum: Investing - Theory, News & General
Topic: Maxing Roth 401K vs Trad 401K
Replies: 47
Views: 4896

Re: Maxing Roth 401K vs Trad 401K

All things being equal (same rate, same fees, etc), the ROTH 401K should only be better. However, there are too many variables to always conclude that. The ability the control your AGI in retirement is very important. That may lead one to do some of both (Roth and non-Roth), or at least target a cer...
by markcoop
Fri Mar 04, 2016 3:39 pm
Forum: Investing - Theory, News & General
Topic: "Why IBM Moved to Indexing"
Replies: 22
Views: 4408

Re: "Why IBM Moved to Indexing"

I haven't moved my IBM 401K money to Vanguard yet but I probably will. I did not take advantage of the post-tax 401K because I didn't understand (and probably still don't) the benefit. 1) Why move your IBM 401K money to Vanguard? The 401K has Vanguard funds. The fees a lower in the 401K. You also h...
by markcoop
Fri Feb 19, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Playing Financial Defense- HELOC?
Replies: 11
Views: 1070

Re: Playing Financial Defense- HELOC?

I have had a $100K HELOC open for the past decade. I feel it's not a replacement for a good emergency fund, but it is an awesome feeling knowing I have an extra $100K at my disposable if I ever needed it. Originally, I viewed it only as emergency type money, but it's purpose has grown over the years...
by markcoop
Tue Feb 16, 2016 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: 1099B not coming till end of Feb but need info now
Replies: 22
Views: 1933

Re: 1099B not coming till end of Feb but need info now

So I finally got my 1099Bs and 1099DIV from VBS. I did end up filing my return and my child's return last week using values I figured out. The 1099DIV was correct to the penny. The 1099B was also correct in total, except VBS divided the long-term gains into two 1099Bs - Covered and non-covered share...
by markcoop
Fri Feb 12, 2016 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 DIV from VBS too late
Replies: 16
Views: 1047

Re: 1099 DIV from VBS too late

livesoft wrote:
markcoop wrote:I did see the credit being applied. Just found that $300 is the threshold to file form 1116.

For a single person like your student.


Right again. $600 for me as married filing jointly.
by markcoop
Fri Feb 12, 2016 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 DIV from VBS too late
Replies: 16
Views: 1047

Re: 1099 DIV from VBS too late

The amount is so low that you do not need to fill out Form 1116, but TT will give you the credit. Do you ever look at the forms that TT produces? If not, why not? Specifically, it will be on page 2 of Form 1040. I did see the credit being applied. Just found that $300 is the threshold to file form ...
by markcoop
Fri Feb 12, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 DIV from VBS too late
Replies: 16
Views: 1047

Re: 1099 DIV from VBS too late

Note that if Foreign Tax is $2.83, then Foreign income is supposed to be $2.83 x 20.44601= $57.86 Box 1b of your 1099-DIV will be $2.83 x x 16.62346 = $47.04. 47.04 / 57.87 = 81.3%, but Vanguard previously estimated QDI to be 78%. I assume foreign income would be used if I filled out form 1116. I d...
by markcoop
Fri Feb 12, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 DIV from VBS too late
Replies: 16
Views: 1047

Re: 1099 DIV from VBS too late

They can't truly be serious about the 15 Feb deadline, as there are inputs to the 1040 that aren't due until March 15 (e.g., Form 1120). Schools have different deadlines. I called one school that had a Feb 15 deadline and they said the deadline is to guarantee you receive your aid notification with...
by markcoop
Fri Feb 12, 2016 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 DIV from VBS too late
Replies: 16
Views: 1047

Re: 1099 DIV from VBS too late

Complete the return and give it to the college but don't file it. Problem solved. Gill The colleges specifically say they want the returns submitted to the gov't. Some want me to print off the return, sign in (because I'm using Turbotax, there is no signature on the return) and then send it in. I h...
by markcoop
Fri Feb 12, 2016 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 DIV from VBS too late
Replies: 16
Views: 1047

Re: 1099 DIV from VBS too late

I'm not sure I follow NOT knowing box 1a. In the non-VBS 1099DIV, that number matched the amount of dividends received for the year from the non-VBS time period. Wouldn't it also be the case when VBS holds the fund? Here are the values of the 1099DIV I have: 1a (total ordinary dividends): $226.58 1...
by markcoop
Fri Feb 12, 2016 11:49 am
Forum: Personal Finance (Not Investing)
Topic: 1099 DIV from VBS too late
Replies: 16
Views: 1047

Re: 1099 DIV from VBS too late

I'm not sure I follow NOT knowing box 1a. In the non-VBS 1099DIV, that number matched the amount of dividends received for the year from the non-VBS time period. Wouldn't it also be the case when VBS holds the fund? Here are the values of the 1099DIV I have: 1a (total ordinary dividends): $226.58 1b...
by markcoop
Fri Feb 12, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: 1099 DIV from VBS too late
Replies: 16
Views: 1047

Re: 1099 DIV from VBS too late

Ticker symbol VTMGX

The total amount of the dividend is only $55.05
by markcoop
Fri Feb 12, 2016 10:49 am
Forum: Investing - Theory, News & General
Topic: Rebalancing bands, what is your CURRENT out-of-balance drift?
Replies: 47
Views: 3571

Re: Rebalancing bands, what is your CURRENT out-of-balance drift?

If there's one area I cheat my IPS, it's rebalancing bands. For some reason I can't help myself from buying on a big down day (only in my retirement accounts). So although I have embedded in my spreadsheet rules for bands (5% absolute or 25% relative), I tend to rebalance more frequently. I guess I ...
by markcoop
Fri Feb 12, 2016 10:04 am
Forum: Personal Finance (Not Investing)
Topic: 1099 DIV from VBS too late
Replies: 16
Views: 1047

1099 DIV from VBS too late

I have one form holding up my taxes - VBS 1099DIV for Vanguard Developed Markets Index Fund Admiral fund. I want to complete my taxes so that I can send them to my son's colleges for financial aid (some schools have a deadline of Feb 15, although they will accept them afterwards). Vanguard says thes...
by markcoop
Thu Feb 11, 2016 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking About When to Tax Loss Harvest (TLH)
Replies: 14
Views: 1356

Re: Thinking About When to Tax Loss Harvest (TLH)

I've gone back and forth between Tot'l Intl and the FTSE ex-US fund already. In a couple weeks I may do it again. I do wonder if there is any limit to the number of times you can go back and forth.
by markcoop
Sun Feb 07, 2016 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: 1099B not coming till end of Feb but need info now
Replies: 22
Views: 1933

Re: 1099B not coming till end of Feb but need info now

Got it. The year-end brokerage statement has it broken down by shares. Odd that the information is not available in an on-line format. Not that anyone else cares, but 19.199 shares were short-term.

Thanks for all the comments.
by markcoop
Sun Feb 07, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: 1099B not coming till end of Feb but need info now
Replies: 22
Views: 1933

Re: 1099B not coming till end of Feb but need info now

...so the math is easily worked out for the number of long-term shares, short-term shares, and their respective cost basis. How do I know the number of shares that are short-term vs long-term? I had thought I can just add all shares that were bought within the last year to come up with the short-te...
by markcoop
Sun Feb 07, 2016 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: 1099B not coming till end of Feb but need info now
Replies: 22
Views: 1933

Re: 1099B not coming till end of Feb but need info now

This should be pretty easy. I sold everything in the account. I use avg. cost basis. When I go to "cost basis" and then "Realized gain & losses" and select 2015 as the year, there is one line there for the transaction. Here is the info on the line (tried to paste an image, bu...
by markcoop
Sun Feb 07, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: 1099B not coming till end of Feb but need info now
Replies: 22
Views: 1933

Re: 1099B not coming till end of Feb but need info now

Split the transactions and file your return. :happy I have no problems splitting the transaction myself and making the end capital gains the same. Especially, because my son will not be paying taxes on the capital gains anyway. My only issue is I believe the cost basis is reported to the IRS. There...

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