Search found 208 matches

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: 475

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: 475

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: 826

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: 539

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: 1625

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: 1835

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: 72
Views: 5622

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: 72
Views: 5622

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: http://ucnet.universityofcal...
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: 72
Views: 5622

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: 90
Views: 8109

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: 504

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: 90
Views: 8109

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: 4093

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: 72
Views: 5622

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: 72
Views: 5622

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: 923

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: 72
Views: 5622

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: 72
Views: 5622

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: 72
Views: 5622

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: 72
Views: 5622

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: 72
Views: 5622

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: 1837

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: 760

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: 564

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: 72
Views: 5622

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: 811

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: 43
Views: 6066

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: 693

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...
by ofckrupke
Wed Feb 15, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: 401k, Income Taxes, and Moving During Calendar Year
Replies: 15
Views: 693

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

It's probably been a while since Meg77 paid a state income tax.
by ofckrupke
Fri Feb 03, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: Tax Question - VG Long Term Tax Exempt Fund
Replies: 2
Views: 406

Re: Tax Question - VG Long Term Tax Exempt Fund

The Vanguard agent is right. If you take a look at Schedule D you'll see there is a line for capital gain distributions in the long-term section, but not in the short-term section. Hmm. And indeed, on page 2 of the instructions for Schedule D this split treatment of short and long term capital gain ...
by ofckrupke
Sat Jan 21, 2017 5:12 pm
Forum: Investing - Theory, News & General
Topic: 2016 Relative Tax Efficiency
Replies: 43
Views: 6066

Re: 2016 Relative Tax Efficiency

Also, I would suggest deducting state tax from federal tax (either always, or at least as an option by default). Most investors who pay state tax and have taxable investments itemize deductions. The tax cost of an 8% state tax is only 6% if you are in the 25% federal tax bracket. As noted above, so...
by ofckrupke
Sat Jan 21, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Record keeping fees fidelity 401k vs. brokerage link
Replies: 6
Views: 771

Re: Record keeping fees fidelity 401k vs. brokerage link

My plan charges .08% for record keeping fees for 401k at fidelity. I did not see this fee for the one fund in my brokerage link account. By using brokerage link, can you avoid the record keeping fees? Details like this are specific to the terms your sponsor has negotiated with the recordkeeper, ass...
by ofckrupke
Sat Jan 21, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 43
Views: 7753

Re: Schwab brokerage incentive $2,500 - - - thoughts?

I believe most of the brokerage houses offer similar. Schwab, Etrade, TD, Fidelity. Many are unadvertised. For example, they may say you get $2,500 for $1m and many will do multiples of that for $2m, $3m, etc.... It's "free" money but it's a pain to do the paperwork. Plus, it's taxable in...
by ofckrupke
Sat Jan 21, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 43
Views: 7753

Re: Schwab brokerage incentive $2,500 - - - thoughts?

I recently moved my taxable assets from Vanguard to Schwab (partly for the bonus but more importantly because I like their Donor Advised Fund better than Vanguard's and holding my taxable account at Schwab will make it easier to make donations of appreciated securities in the future.) Not to hijack...
by ofckrupke
Wed Jan 18, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond + Interm Tax Exempt Bond + Muni Bond Fund for Bond Allocation?
Replies: 10
Views: 883

Re: Vanguard Total Bond + Interm Tax Exempt Bond + Muni Bond Fund for Bond Allocation?

lack_ey wrote:thanks for putting in the extra detail


It is just a tl;dr version of the standard grabiner explanation.
by ofckrupke
Wed Jan 18, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond + Interm Tax Exempt Bond + Muni Bond Fund for Bond Allocation?
Replies: 10
Views: 883

Re: Vanguard Total Bond + Interm Tax Exempt Bond + Muni Bond Fund for Bond Allocation?

Fidelity Arizona Municipal Income Fund (FSAZX) (ER 0.55%) A complete waste of time IMO, and here's why: From M* the SEC yield on FSAZX = 2.21% which is net of expenses, so if you held the same bond portfolio personally and calculated its yield to worst it would be 2.21+0.55% = 2.76%. And since thes...
by ofckrupke
Sat Jan 14, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Verifying pension election for deceased pensioneer
Replies: 22
Views: 1189

Re: Verifying pension election for deceased pensioneer

I believe those rules only apply to ERISA pensions. AFAIK, Local and state gov't are exempt. The retiree chooses the survivor option at age 65, not at time of retirement. The operative legislation, that may not be pertinent in this specific case if benefits began before its enactment in 1984, is th...
by ofckrupke
Fri Jan 13, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Verifying pension election for deceased pensioneer
Replies: 22
Views: 1189

Re: Verifying pension election for deceased pensioneer

I went to the company’s HR and inquired and they checked (but would not show me any paperwork) and said he had elected NOT TO take the survivor benefit. I would like to verify that. But I am unsure how to go about it. The plan admin is required to have obtained the spouse's notarized signature cons...
by ofckrupke
Mon Jan 09, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cuts index fund fees (but returns are lower).
Replies: 47
Views: 5729

Re: Fidelity cuts index fund fees (but returns are lower).

If (s)he thinks the finding is significant, why doesn't Brantley list the four outperforming Fidelity funds?

Brantley also thinks that mutual funds are subject to bid-ask spreads. Maybe the arithmetic skills are shaky too.
by ofckrupke
Mon Jan 09, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio from Schwab offerings?
Replies: 11
Views: 878

Re: Portfolio from Schwab offerings?

But one question on your second point that I'm a bit confused on regarding the fee waiver for SVUXX that you mentioned - why does that matter if you're in the Target Index fund? Aren't all expenses baked in already to the overall ER for the Target Index fund? And if that's the case, do I really car...
by ofckrupke
Mon Jan 09, 2017 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio from Schwab offerings?
Replies: 11
Views: 878

Re: Portfolio from Schwab offerings?

A couple of distinctions: 1) as at Fidelity, where there exist Freedom 20nn funds and Freedom 20nn Index funds, Schwab offers Target Retirement funds (expensively composed of actively managed) and Target Index funds(cheaply, passively managed to a glide path). The passives are newer, and easily miss...
by ofckrupke
Thu Jan 05, 2017 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Am I wasting time with additional funds
Replies: 30
Views: 2490

Re: Am I wasting time with additional funds

I would probably only have one fund per account. I follow the 3-fund, but I wouldn't worry about the exact AA until you hit $50k. Your saving rate is more importatant at this point. I believe in keeping it simple. +1 VTI in one account VXUS in the other Done My suggestion to zig25: one target date ...
by ofckrupke
Sat Dec 17, 2016 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question my CPA answered wrong last year
Replies: 17
Views: 2520

Re: Tax question my CPA answered wrong last year

Another way to do this is work backward from the maximum you want to see on the Taxable Income line on form 1040. So add the 28.8k of standard deduction & exemptions to the 75. 3 k and that puts you at an AGI of 104.1k. For the stay-at-home spouse (who is therefore not covered by a retirement pl...
by ofckrupke
Mon Dec 12, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage tax-deduction question: Buying new home before selling old one
Replies: 4
Views: 576

Re: Mortgage tax-deduction question: Buying new home before selling old one

clutchied wrote:Consult your tax person!


Or first read IRS publication 936, Home Mortgage Interest Deduction, which includes examples, flowcharts, and worksheets.
by ofckrupke
Sat Dec 03, 2016 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Is a money market fund better than a tax-exempt bond fund?
Replies: 12
Views: 1709

Re: Is a money market fund better than a tax-exempt bond fund?

I’m invested in both the Vanguard Prime Money Market Fund and the Vanguard Limited-Term Tax-Exempt Bond Fund. As of December 2, the year-to-date return on the money market fund is 0.43%, while the return on the tax-exempt bond fund is -0.55%. So would I have been better off in the money market fund...
by ofckrupke
Mon Nov 07, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: Shattered case fluorescent light starters
Replies: 13
Views: 1205

Re: fluorescent light starters

I have poked at both of the starters enough so that I think they say FS-2. I can't quite see the part after the FS-2, so I am hoping it is not FS-2something. Google FS-25 starter. (You could try the other FS-2n, n=0,1,2...9. Seems that 22 and 25 are the winners; disambiguate by matching to bulb wat...
by ofckrupke
Wed Oct 26, 2016 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Selling
Replies: 2
Views: 283

Re: Tax Loss Selling

If the dividend will be mostly or all qualified, and the capital loss can be held against ordinary income this year, then sell after the dividend. btw 30 days is too soon to buy back, 31 days is not, to avoid a wash sale.
by ofckrupke
Wed Oct 26, 2016 10:17 am
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 242
Views: 39147

Re: I'm Calling an Emerging Markets Bottom

The other thing is that EM still has good valuations after having been crushed for years. A 45% gain only makes up for 30% of losses, and PXH/SFENX have tons of losses since their founding. Yes, but the marching orders from the original post in this topic were to buy immediately so as to put one's ...
by ofckrupke
Wed Oct 26, 2016 8:58 am
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 242
Views: 39147

Re: I'm Calling an Emerging Markets Bottom

From the opening post SFENX is up now +45.87%. EM value is particularly on a tear. On a daily basis SFENX is up more than my other EM holdings the majority of the time. You must be out of band by now then; when are you going to trim/rebalance out? (It seems like a reasonable question since portfoli...
by ofckrupke
Sun Oct 23, 2016 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Is it bad to purchase bond funds at end of calendar year?
Replies: 15
Views: 1516

Re: Is it bad to purchase bond funds at end of calendar year?

Yes, 9% state tax in my fair state. Net out of pocket tax cost on income for a national fund will be the distribution yield * (1-marginal federal rate) * state rate, unless you are subject to nonzero AMT. On CG distributions, you might be exposed to the 3.8% Net Investment Income tax. Vanguard Inte...

Go to advanced search