Search found 621 matches

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: 3119

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: 711

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: 711

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: 5056

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: 5056

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: 5056

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: 5056

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: 6454

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: 6454

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: 6454

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: 12212

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: 3612

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: 2401

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: 2401

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: 2401

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: 2401

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: 2401

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: 2401

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: 2401

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: 2401

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: 2401

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: 4541

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: 4253

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: 978

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: 1883

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: 976

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: 976

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: 976

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: 976

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: 976

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: 976

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: 976

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: 976

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: 3166

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: 976

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: 1211

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: 1883

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: 1883

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: 1883

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: 1883

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...
by markcoop
Sat Feb 06, 2016 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: 1099B not coming till end of Feb but need info now
Replies: 22
Views: 1883

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

But doesn't the Vanguard web site have what you need already under the "Realized Gains/Loss" tab? I showed a screen capture of that tab in this post: https://www.bogleheads.org/forum/viewtopic.php?p=2722308#p2722308 My sale has short and long term gains. On the screen you showed, they sho...
by markcoop
Sat Feb 06, 2016 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: 1099B not coming till end of Feb but need info now
Replies: 22
Views: 1883

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

They do want the 2015 return. This is the last year that this will be true as FAFSA and CSS Profile will be using the previous year's return (called prior prior) in the future. I have already submitted the FAFSA and CSS Profile using estimated values. The next step is to submit your actual 2015 retu...
by markcoop
Sat Feb 06, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: 1099B not coming till end of Feb but need info now
Replies: 22
Views: 1883

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

I had a UGMA account for my son. I had a sale last year from the account, so I'd like to file an income tax form for him. I have all the other information ( a couple of small W2s) except the 1099B for this sale. Vanguard tells me that VBS sales will have 1099Bs available at the end of Feb. However, ...
by markcoop
Sat Nov 28, 2015 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Too much in tax-advantaged accounts?
Replies: 115
Views: 12699

Re: Too much in tax-advantaged accounts?

I have had similar feelings in the past. At 49 years old, I feel my retirement savings and college savings have been funded at a nice pace to meet those long-term goals. However, I have wondered if that has come at the expense of some short term goals. In other words, have I made myself somewhat poo...
by markcoop
Fri Oct 16, 2015 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Please explain how this Tax Credit works (American Opportunity Credit)
Replies: 27
Views: 2086

Re: Please explain how this Tax Credit works (American Opportunity Credit)

Remember, taking out student loans for at least $4,000 would also qualify you for the full credit. When you take out a student loan, the college gets paid immediately. It's only the lender that has to wait. Unfortunately, taking out student loans does not qualify you for anything. The money must be...
by markcoop
Tue Aug 11, 2015 9:08 am
Forum: Personal Consumer Issues
Topic: Anti-smartphone [basic phone + paper planner & address book] anyone??
Replies: 42
Views: 3882

Re: Anti-smartphone [basic phone + paper planner & address book] anyone??

I just got my first smart phone 2 weeks ago (I'm 49 and work in the computer industry). I have and continue to believe that these phones have some wonderful technology but are a constant source of temptation away from things that matter in life. The same thing can also be said about laptops and tabl...
by markcoop
Mon Jun 29, 2015 11:45 am
Forum: Personal Finance (Not Investing)
Topic: What's your net worth break down? What's ideal?
Replies: 44
Views: 7778

Re: What's your net worth break down? What's ideal?

I have actually thought of this in the past. I feel very comfortable with my retirement savings but not as comfortable with my savings to get me to retirement. This is probably due to me constantly wanting to max out retirement benefits. I could always raid some of that money (like ROTH contribution...
by markcoop
Fri May 29, 2015 12:16 pm
Forum: Personal Consumer Issues
Topic: Best way to learn tennis for adult
Replies: 29
Views: 2966

Re: Best way to learn tennis for adult

I would visit a local tennis club and ask them what they have available. There are many programs/clinics at clubs for all levels. I disagree that tennis is not a "log-term" activity. First, I would say many tennis players who get hurt don't take proper care of themselves. Staying healthy i...
by markcoop
Wed May 13, 2015 12:25 pm
Forum: Investing - Theory, News & General
Topic: [Teens and Investing]
Replies: 17
Views: 1284

Re: TEENS AND INVESTING

I just talked to my 16-year old about how much I saved for college for him and how I did it. He was very interested because it actually had meaning to him. I doubt I can get him to read a book about it. I also opened a bank account for him and request he use it as often as possible. I find anything ...

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