Search found 230 matches

by ofckrupke
Sun Aug 20, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: 1035 exchange WL-> Fidelity annuity, tax ramifications?
Replies: 4
Views: 289

Re: 1035 exchange WL-> Fidelity annuity, tax ramifications?

is the basis still considered to be 50k and now the gain is 350k? Yup, that's how it works. The basis doesn't grow except by premiums you might choose to pay in after the exchange, and is only reduced due to withdrawals that exhaust/exceed any value above the immediately prior basis. Another way of...
by ofckrupke
Sun Aug 20, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: 1035 exchange WL-> Fidelity annuity, tax ramifications?
Replies: 4
Views: 289

Re: 1035 exchange WL-> Fidelity annuity, tax ramifications?

there's no stratification of the WL's cost basis from its earnings on the way in to the annuity, or ability to split them into separately investable envelopes within the annuity. Within the annuity, it's all just money, and the basis is inherited from the exchanged product(s). Withdrawals from an an...
by ofckrupke
Sat Aug 19, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Mistake in payroll deduction for tax-deferred
Replies: 7
Views: 601

Re: Mistake in payroll deduction for tax-deferred

I see; the scheme was to contribute 24k pre-tax as 2k/month plus 12k Roth as 1200/month through October, presumably sending in a new Salary Deferral Election (SDE) document to stop the Roth contributions with effect 1Nov2017 while maintaining the pre-tax contributions at the prior level. Evidently t...
by ofckrupke
Sat Aug 19, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Mistake in payroll deduction for tax-deferred
Replies: 7
Views: 601

Re: Mistake in payroll deduction for tax-deferred

Since August is the eighth month and 7*(2000+1200) + (1600+0) = 24000, it looks like they have you on the regular 50+ catchup regime/limit this year, rather than the special catchup limit that you evidently were able to exploit to contribute $36k last year. So: either the option to use the special c...
by ofckrupke
Fri Aug 18, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Plaintiffs win Tibble v Edison (re: lower fees in 401k's)
Replies: 3
Views: 781

Re: Plaintiffs win Tibble v Edison (re: lower fees in 401k's)

Wow. Court's rebuke of defendant's argument that 2-5 months are necessary to study/determine and execute a plan menu change, presumably including the mapping of participants' existing holdings to new menu, is likely to have unintended consequences. Apparently the duty to act immediately on a fiducia...
by ofckrupke
Thu Aug 17, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Survivor Benefit or Life Insurance -teenage daughter
Replies: 24
Views: 1627

Re: Pension Survivor Benefit or Life Insurance -teenage daughter

I can't speak to the wisdom - moral hazard of setting her up for life, etc. But on the math it's a no-brainer to take the 50% survivor. I'd worked out the breakeven discount rate as about 5-2/3% figuring your actuarial life expectancy as as 37 years to 84 and hers as a further 37 years to age 88, bu...
by ofckrupke
Thu Aug 17, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Exit Strategy from Northwest Mutual Advisor
Replies: 8
Views: 835

Re: Exit Strategy from Northwest Mutual Advisor

Seeing as how I was wrong in part above (on beneficiary shuffling, that's allowed, not that it helps your cause), it's probably worth running by someone in annuity sales at Vanguard just to make sure I wasn't also wrong about being unable to combine your WL's current sub-entry-threshold cash value w...
by ofckrupke
Wed Aug 16, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Exit Strategy from Northwest Mutual Advisor
Replies: 8
Views: 835

Re: Exit Strategy from Northwest Mutual Advisor

The main impediment to a salvage through 1035-exchange plan is that the cash values are ~$1.6k and you'll be hard pressed to find a low-cost annuity with a minimum under $5k (and since owner and beneficiary name need to be retained for 1035 exchange, you can't funnel them into a single annuity contr...
by ofckrupke
Sun Aug 13, 2017 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fidelity fund allocation w/ fund list link
Replies: 3
Views: 282

Re: 401k fidelity fund allocation w/ fund list link

Welcome to this forum. The information on Verizon 2050 fund specifics in the first link is surprisingly useless for a plan administered at Fidelity. In particular it doesn't show the most important thing, which is the relative proportions of US stock, international stock, and fixed income (AKA bonds...
by ofckrupke
Sun Aug 13, 2017 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Are these decent Fidelity options for simple portfolio?
Replies: 5
Views: 755

Re: Are these decent Fidelity options for simple portfolio?

Those 3 bolded options are fine. I use the premium (non institutional) versions of the first two myself. I believe those 3 funds are just the institutional versions of what is recommended in the wiki. Note that FSPNX is the institutional version of FSIVX, a developed-market only, large-cap only fun...
by ofckrupke
Sat Aug 12, 2017 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation and tax treatment
Replies: 5
Views: 490

Re: Asset allocation and tax treatment

livesoft wrote:
Sat Aug 12, 2017 1:05 pm
I only put assets that are going to gain a lot in my Roth. For instance, in 2016, I had small-cap value index fund in my Roth, but in 2017, I have VSS and VFSVX (small-cap foreign) and no small-cap value anymore.
What are you going to have in your Roth in 2018?
by ofckrupke
Sat Aug 12, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: When to pay estimated taxes on mutual fund distributions in December 2018?
Replies: 32
Views: 1835

Re: When to pay estimated taxes on mutual fund distributions in December 2018?

OP:

estimated tax for income received in the 4th quarter of 2018 is considered timely-paid if paid at or before the quarterly due date in January 2019. This is likely covered in IRS publication 505.

Though, possibly, this particular sky won't actually fall on you in Dec 2018...
by ofckrupke
Tue Aug 08, 2017 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Newbie capital gains question on diversification strategy
Replies: 10
Views: 606

Re: Help! Newbie capital gains question on diversification strategy

5-year goal: Save like crazy for the next 5 years and then quit my day job to transition to a less paid but more flexible job or side hustle This plan doesn't fail because you paid $10k (5% x 200k) or even 18k (5%+3.8% x 200k) more in 2017 taxes than you might have by waiting until 2022 to take the...
by ofckrupke
Mon Aug 07, 2017 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Best bond fund for taxable 3 fund portfolio in CA?
Replies: 9
Views: 609

Re: Best bond fund for taxable 3 fund portfolio in CA?

some people are fine with all taxable bonds in California, and some want to get just a little more diversity. For the former, you are in great shape! For the latter, some recommend a 50/50 split: intermediate federal taxable and California long term. I am the latter, and do split CA LT & nat'l ST. ...
by ofckrupke
Mon Aug 07, 2017 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Best bond fund for taxable 3 fund portfolio in CA?
Replies: 9
Views: 609

Re: Best bond fund for taxable 3 fund portfolio in CA?

What bond fund do you recommend for a taxable 3 fund portfolio? Since you mention in another topic that you would hold Vanguard funds at Vanguard for the portfolio's stock slices, and a 5-7 year time horizon for possible disposition of the taxable portfolio: suggest Vanguard California Intermediate...
by ofckrupke
Thu Aug 03, 2017 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 105
Views: 26272

Re: HSAs in California

Pretend this is just another taxable investment. Forget about it being a health savings account. How would you handle the tax bookkeeping? I agree, it should be the same question from the FTB's PoV. [pause to read 540cains.pdf.....] OK, I believe I have found the answer following your guidance. I o...
by ofckrupke
Wed Aug 02, 2017 11:48 pm
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 44
Views: 6047

Re: Best "investment tip" I have gotten from Bogleheads

The instant pot, and possibly the paving of the lawn guy's paradise, seem suited to the next edition of the Andrew Tobias book.
by ofckrupke
Wed Aug 02, 2017 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 105
Views: 26272

Re: HSAs in California

So here is another provider-specific HSA/CA taxation puzzle. Spouse has employer-sponsored HSA at HealthEquity. We have family coverage in a qualifying HDHP. We contribute maximally. In this HealthEquity HSA offering, $2k+ is required to be kept in a minimally interest-bearing sub-account; The remai...
by ofckrupke
Tue Jul 25, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Another bay area housing thread..
Replies: 132
Views: 10875

Re: Another bay area housing thread..

watchnerd wrote:Rib-tracking app vs self-driving car....

Which would I rather say I worked on?


We can't all be lion tamers...
by ofckrupke
Tue Jul 18, 2017 11:24 am
Forum: Investing - Theory, News & General
Topic: Changes to Univ California Retirement Plan
Replies: 14
Views: 1944

Re: Changes to Univ California Retirement Plan

I would like to know how UC and Fidelity are talking their way around the IRC's limitation of investments under section 403(b) to mutual funds and annuity contracts, in order to use collective investment trusts for the international asset classes in the 403(b) plan specifically. Did I miss some libe...
by ofckrupke
Sun Jun 25, 2017 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio critique, bond options for taxable at Schwab, in CA?
Replies: 13
Views: 1252

Re: Portfolio critique, bond options for taxable at Schwab, in CA?

Given this information, and our complete portfolio below, would you suggest taxable or tax-exempt bonds in our taxable account at Schwab, and which? If taxable, Schwab’s Aggregate Bond Index (SWAGX), or something different? Your best choices in muni funds at Schwab would probably be Ishares CA-spec...
by ofckrupke
Fri Jun 23, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover old employer 403b?
Replies: 14
Views: 590

Re: Should I rollover old employer 403b?

Recommend she leave it in the old employer plan, for now. a) You will have a substantial tax-deferred pool in retirement and continuing to build Roths via backdoor contribution now will help them grow large enough to be useful in sequencing distributions. b) If she leaves the funds in the plan now, ...
by ofckrupke
Mon Jun 19, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Considering Larry portfolio for a portion of portfolio
Replies: 5
Views: 561

Re: Considering Larry portfolio for a portion of portfolio

Some additional remarks based on an inference from one of your posts today in the inherited IRA topic. TIAA made a big change in Traditional Annuity within IRAs effective 10/10/2010. Premiums paid in after that date get applied to a new, cr@ppier Trad contract that does not guarantee 3% in accumulat...
by ofckrupke
Mon Jun 19, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Considering Larry portfolio for a portion of portfolio
Replies: 5
Views: 561

Re: Considering Larry portfolio for a portion of portfolio

Treasuries will be the hottest currency in town in all but US sovereign debt crises. You only need ~11.5% to cover a simultaneous downdraft of 50% in both equity asset classes, and that neglects the flight-to-quality bump expected after 2008. And absent such crisis. with this you still get 5/6 of th...
by ofckrupke
Sun Jun 18, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: When do you reduce or stop disability insurance coverage
Replies: 11
Views: 953

Re: When do you reduce or stop disability insurance coverage

From what you write, DI has for you has shifted from necessary to discretionary. But then, from what you write, so has employment. If you are working for discretionary financial objectives (that is, apart from pleasure in your work, or boredom prevention), then what the DI insures is some level of a...
by ofckrupke
Sun Jun 18, 2017 12:26 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Trust vs Mutual Fund
Replies: 7
Views: 611

Re: Vanguard Target Retirement Trust vs Mutual Fund

loss wrote:How do I know that I'm not getting ripped off if I can't check how my fund is doing at will?


Not exactly an answer to your question, but information about the Vanguard TR CITs is available at institutional.vanguard.com.
by ofckrupke
Sat Jun 17, 2017 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Producing Income in Taxable Account (Not Retired)
Replies: 19
Views: 1822

Re: Producing Income in Taxable Account (Not Retired)

Thoughts? If you can beat the breakeven rate then you don't want an amortizing/decumulating investment pool, right? And if an amortizing pool is necessary to make the payments then your investment pool has an exposure to sequence of returns risk that is not in the conventional calculus, so at the v...
by ofckrupke
Sat Jun 17, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 2134

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

In some (but not all) community property states, the income from separate property is community property. Along these lines, is there any straightforward way that the RMDs from these inherited IRAs can be maintained as separate property? These posts put a spotlight on the ambiguities involved with ...
by ofckrupke
Fri Jun 16, 2017 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 74
Views: 6695

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

The only way your mandatory UCRP member contributions should not count against the DC limit is if they are described in the actual plan statement (not the SPD) as being " picked up, " as defined in IRC section 414(h)(2), by the university. I did some google drilling on UCRP member contrib...
by ofckrupke
Fri Jun 16, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 74
Views: 6695

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

I don't believe that it is correct that you have to subtract UCRP contributions from the DCP after-tax limit of $54K. ?!? You were the one who claimed that B) was the answer four days ago! Subtracting UCRP contributions is not mentioned in the plan summary; see page 12: m And I was informed that I ...
by ofckrupke
Fri Jun 16, 2017 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 74
Views: 6695

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

So, the 401a after tax amount should be $54,000 minus the UCRP line in the salary statement regardless of your tier (1976, 2013, 2016). $54k minus (the sum of mandatory employee UCRP contributions plus the sum of pre-tax employ ee & employ er DCP contributions). This derives from the code of fe...
by ofckrupke
Fri Jun 16, 2017 6:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 139
Views: 17050

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

I don't care so much about your past results as your approach now to likelihood and uncertainty in the outlay requirements of your near future. The mismatch of duration of funds earmarked for an outlay to the anticipated time of that outlay seems particularly severe in this case.
by ofckrupke
Fri Jun 16, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Does this refinance scenario make sense?
Replies: 6
Views: 568

Re: Does this refinance scenario make sense?

I don't think that the way you are calculating breakeven is the correct way to look at it, particularly since you intend to pay either loan down at a rate at or faster than required on what remains of your existing loan schedule. Paying for the refi is paying someone else, whereas most of your loan ...
by ofckrupke
Fri Jun 16, 2017 4:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 139
Views: 17050

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

I also have a much larger amount in a couple of bond funds (CA int-term and long-term muni funds) that also will likely be mostly if not fully liquidated in that timeframe, so it's not as if I'm avoiding term risk altogether for the funds that will most likely be used in the near term. This isn't l...
by ofckrupke
Fri Jun 16, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: URGENT TIME SENSITIVE: Deathbed Roth
Replies: 45
Views: 4474

Re: URGENT TIME SENSITIVE: Deathbed Roth

So my brother in law just informed me that he is going to liquidate the tIRA before his dad passes and distribute the cash. He believes he will be taxed at a 10% rate, which I offered up to him is not going to be the case. I didnt push. The $30k or so he is going to burn isnt worth damaging the rel...
by ofckrupke
Thu Jun 15, 2017 1:46 am
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 74
Views: 6695

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Note to all but particularly to Infotrader, Avo, and Gleevec: I've rediscovered something I knew well enough last October to report earlier in this topic, but apparently subsequently forgot, relating to the treatment for 415(c) of mandatory employ ee contributions to a DB plan....which in turn affec...
by ofckrupke
Wed Jun 14, 2017 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 74
Views: 6695

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Her starting salary is about 97k. The contributions within the pension plan earn a interest of 6%, so thats a no risk earning. Yes but this 6% accounting pertains only to the 7% employee contributions. The employer contributions can never be extracted except by vesting, and thereafter either dying ...
by ofckrupke
Tue Jun 13, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Shared equity loan -- how to analyze/think about?
Replies: 13
Views: 1098

Re: Shared equity loan -- how to analyze/think about?

If it's the same "junior" college I'm thinking of, then the loan you're talking about is 2nd layer on the stack in the university's bundle, and you don't have access to the incrementally forgiven loan or the 4th layer product that they added last year unless you max out the first and secon...
by ofckrupke
Tue Jun 13, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 74
Views: 6695

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Hi, my wife is starting her new job at UCSF. I was wondering if I should start with the Pension Choice or Savings Choice? I know there is 9% mandatory employee contributions, but does the 14% employer contributions apply to those 2 primary retirement accounts? First question is whether she expects ...
by ofckrupke
Tue Jun 13, 2017 1:09 am
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 74
Views: 6695

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Pre-tax non summer bin would be for safe harbor participants and 2016 tier employees in either Pension Choice or Savings Choice. How you got non-zero entries in this one is above my pay grade. And, if UC made some employ ER contributions in conjunction with your summer salary as well, then your head...
by ofckrupke
Tue Jun 13, 2017 12:44 am
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 74
Views: 6695

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

So if one is in 2013 tier and maxes both 403b and 457, what is maximum after tax 401a amount for backdoor Roth conversion? By my reading, unless a 2013 tier participant has nonzero mandatory pre-tax contributions owing to being a safe harbor participant or a so-called eligible academic employee (qu...
by ofckrupke
Tue Jun 13, 2017 12:04 am
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 74
Views: 6695

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

401a: $54,000 minus employee UCRP mandatory contribution No. There is a 54k limit on additions to the UCRP defined benefit plan, and a separate 54k limit on additions to the 401(a) defined contribution plan. In each case, "additions" functionally means sum of employer and employee contrib...
by ofckrupke
Mon Jun 12, 2017 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 74
Views: 6695

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

UCRP is a defined benefit plan - even the lump sum distribution option for the 1976 Tier is an actuarial equivalent to the formulaic lifetime income benefit. Therefore for purposes of 415c, separate limits would apply for contributions to UCRP and to the 401(a) defined contribution plan. So, "C...
by ofckrupke
Sat Jun 10, 2017 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Converting a Windfall to Tax Advantaged Accounts
Replies: 25
Views: 2085

Re: Converting a Windfall to Tax Advantaged Accounts

The downsides for me are that we're holding investments in another location (it really is nice to have everything at Vanguard) and there's a $59 flat fee per year at Fidelity. I expect we'll be holding something like $60k in the account when her employment terminates, so it's 0.1% in addition to fu...
by ofckrupke
Wed May 31, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Advice with a whole life policy
Replies: 9
Views: 839

Re: Advice with a whole life policy

What I'd like to know is what would be my next play in terms of the whole life insurance? 1a) google "inforce illustration." 1b) google "1035 exchange." 1c) search topics here that contain combinations of these strings (though actually a few of these show up high in google retur...
by ofckrupke
Sat May 27, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Time limit on saving HSA receipts
Replies: 3
Views: 641

Re: Time limit on saving HSA receipts

Often, the unreimbursed expenses from a past year or years would not have been deducted anyway, because they fell, in part or total, below the 10% or 7.5% of AGI threshold for Schedule A, or because the filer claimed the standard deduction rather than itemizing. The point though is that, for each su...
by ofckrupke
Tue May 09, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 74
Views: 6695

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

So looks like the 401(a)/DCP after-tax limits are unrelated to the 403b limits. This is true in your case (because you don't control the entity that maintains the 401(a) plan, basically). The benefits person's answer about how much you can contribute might or might not be right, depending upon how ...
by ofckrupke
Mon Feb 20, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: municipal bonds for taxable bond portion
Replies: 4
Views: 848

Re: municipal bonds for taxable bond portion

Your description of the situation is not self-consistent, or at least is incomplete. year-----fed marginal rate-----state marginal rate 2017-----15%---------9.3% (and marginal rate for dividends is also 15%) If trading a dollar of presently untaxed Cal-muni income for qualified stock dividend income...
by ofckrupke
Fri Feb 17, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: 2016 Relative Tax Efficiency
Replies: 47
Views: 7545

Re: 2016 Relative Tax Efficiency

We are, unfortunately, one of many taxpayers in the 35% equivalent marginal rate bracket due to the AMT exemption phase-out. Can anyone confirm that this puts our capital gains rate at 30.8% (= 20% cap. gains + 3.8% net investment income tax + 7% increase from AMT phase-out)? It appears to me that ...
by ofckrupke
Wed Feb 15, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: 401k, Income Taxes, and Moving During Calendar Year
Replies: 15
Views: 769

Re: 401k, Income Taxes, and Moving During Calendar Year

Yes, you should front load your 401(k) contributions to reduce your total state tax liability for the year of the move. Also if you were thinking of executing a taxable Roth conversion or realizing a capital gain, you should delay that until after you change your state of residence. If you were thin...