Search found 1001 matches

by rai
Wed Jul 06, 2016 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Can long term losses be used to offset ST gains?
Replies: 7
Views: 503

Re: Can long term losses be used to offset ST gains?

Thanks it's so complicated. But it's nice to see LT loss can offset ST gains which is my biggest issue, I don't want to be hit with ST gains at m y tax bracket if I can help it.
by rai
Wed Jul 06, 2016 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Can long term losses be used to offset ST gains?
Replies: 7
Views: 503

Re: Can long term losses be used to offset ST gains?

thanks again, never thought I'd say this but I'm loving my losses.
by rai
Wed Jul 06, 2016 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Can long term losses be used to offset ST gains?
Replies: 7
Views: 503

Re: Can long term losses be used to offset ST gains?

livesoft wrote:Yes. After the match up, whatever is leftover still gets to offset. You can see this happening on your tax return.

I believe margin interest is deductible on Schedule A.

thanks, does stock loss offset gains from option trading (which is classified as ST gains)?
by rai
Wed Jul 06, 2016 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Can long term losses be used to offset ST gains?
Replies: 7
Views: 503

Can long term losses be used to offset ST gains?

I'm a bit confused with this and want to make sure in advance because I will be selling some stocks to make a purchase and don't want to be hit overly with ST gains. I know that first gains will be matched so that LT losses will offset LT gains and ST losses will offset ST gains. But the leftover LT...
by rai
Fri Jul 01, 2016 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Does my high tax bracket shield me from AMT?
Replies: 4
Views: 807

Re: Does my high tax bracket shield me from AMT?

Thanks, I don't use tax software, but I'll look at the fed web site. Earlier I was not at home so I didn't have access to my 2015 tax information. But my effective tax rate is like 32% so not any way that an additional $12K or $24K of extra deductions would push me close to the top AMT tax rate. I g...
by rai
Wed Jun 29, 2016 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Does my high tax bracket shield me from AMT?
Replies: 4
Views: 807

Does my high tax bracket shield me from AMT?

Myself and wife both are high earners putting us firmly into the top tax bracket 39.9% In the past we were hit with AMT but of late we have not, I believe because of the new tax rates or after the Bush tax cuts expired pushed us out of the AMT since our taxes were so much higher than under the old t...
by rai
Wed Jun 22, 2016 4:24 pm
Forum: Personal Consumer Issues
Topic: House hunting, tips and why do people list houses too high?
Replies: 41
Views: 3848

Re: House hunting, tips and why do people list houses too high?

OP here Thanks for the replies. Good point about the Zillow estimate price, I understand that now it's just fiction, heck my house is listed similar to another house although we have over $150K ++ in kitchen, bathrooms and hardscapes/decks. I'm not saying we should get full credit for those but it's...
by rai
Tue Jun 21, 2016 4:56 pm
Forum: Personal Consumer Issues
Topic: House hunting, tips and why do people list houses too high?
Replies: 41
Views: 3848

House hunting, tips and why do people list houses too high?

I'd like any tips, we are looking at a neighborhood that would be called a buyers market. What I mean is that there are both a good selection of re-sales and new homes (to be built) in our price range. We are probably looking at the upper half of the price range, so to me that would probably put les...
by rai
Sun Jun 19, 2016 6:37 am
Forum: Investing - Help with Personal Investments
Topic: where to put any additional funds
Replies: 3
Views: 307

Re: where to put any additional funds

what's your top tax rate? VSCGX has 40% bonds, so interest will be taxed at you're top tax rate. really it all doesn't make any sense if we don't know any real numbers including your 401Ks. Also no one know what your funds are by their code symbols it'd be a good idea to put the name next to the fun...
by rai
Wed Jun 15, 2016 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Bad Time to Get Into Bonds?
Replies: 12
Views: 1866

Re: Bad Time to Get Into Bonds?

However, I also understand that investing in bonds (especially those with an average duration of nearly 6 years, like these funds have) has substantial interest rate risk. Even after today's Fed announcements, it's only a matter of time until our historically-low interest rates increase, and the fa...
by rai
Tue Jun 14, 2016 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Donate stock instead of cash?
Replies: 47
Views: 2117

Re: Donate stock instead of cash?

I'm planning to make some donations to a non-profit that accepts stock donations. I have some mutual funds with gains at about 15%. What are the pros and cons to donating stock instead of cash? I'm thinking the main benefit is to not have to pay LTCG on the donated amount, and then I could buy back...
by rai
Mon Jun 13, 2016 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pay zero taxes legally ?
Replies: 53
Views: 4494

Re: Pay zero taxes legally ?

Here is a simple tax calculator to play around with

https://turbotax.intuit.com/tax-tools/c ... taxcaster/
by rai
Mon Jun 13, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Live the Good Life Today vs Save For a Better Life Tomorrow
Replies: 84
Views: 7482

Re: Live the Good Life Today vs Save For a Better Life Tomorrow

I've found, and it's been proven in my experience that my savings hits a tipping point or critical mass and starts to snowball. What I'm talking about is if you have $50,000 and I see a lot of people here (mainly younger) who are throwing around these small numbers and worrying about their asset all...
by rai
Mon Jun 13, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Pay zero taxes legally ?
Replies: 53
Views: 4494

Re: Pay zero taxes legally ?

Gill wrote:
rai wrote:Capital loss

Yes, the more you lose the more you make? :?
Gill

If life gives you lemons, make lemonade.
by rai
Mon Jun 13, 2016 8:32 am
Forum: Personal Consumer Issues
Topic: Leisure Time versus Thriftiness
Replies: 100
Views: 7067

Re: Leisure Time versus Thriftiness

The reason the tires at the dealer are only $60 more than discount tire places is probably because they're way overcharging you for service. Instead of combining two trips there for tires and service, perhaps you should spend some time finding an independent mechanic (ask friends and neighbors, che...
by rai
Mon Jun 13, 2016 8:26 am
Forum: Personal Consumer Issues
Topic: Leisure Time versus Thriftiness
Replies: 100
Views: 7067

Re: Leisure Time versus Thriftiness

When shopping for tires, or TVs or whatever you need to determine what brand/size/model to buy which takes the majority of the time, as far as best price that's fairly easy. I can check on Amazon when I'm at the TV store and to check tire prices only takes me 5 minutes, I look on Tirerack and call m...
by rai
Mon Jun 13, 2016 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Pay zero taxes legally ?
Replies: 53
Views: 4494

Re: Pay zero taxes legally ?

Capital loss
by rai
Sat Jun 11, 2016 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Include Social Security in AA calculations?
Replies: 73
Views: 3652

Re: Include Social Security in AA calculations?

I was pondering this question, and if SS is a bond how much would it be valued as? I was wondering how much SS is worth, I asked myself how much would an annuity cost that would pay an income stream like SS? I am not an annuity guru so I just looked up a simple calculator (and double checked this wi...
by rai
Thu Jun 09, 2016 10:31 am
Forum: Personal Consumer Issues
Topic: Your shopping strategy for new tires?
Replies: 123
Views: 7323

Re: Your shopping strategy for new tires?

I buy the 'best rated' tire I don't want to buy lesser tired to save a few bucks. If several tires are rated highly then I'll look at the price differences Tires are an important safety feature on a car, and also can enhance road feel, grip, comfort, some tired will last longer etc.. I tend to shop ...
by rai
Wed Jun 08, 2016 8:06 pm
Forum: Investing - Theory, News & General
Topic: Do you feel some 'gaming of the system' is unethical?
Replies: 5
Views: 855

Re: Do you feel some 'gaming of the system' is unethical?

"Gaming the system is manipulation or exploitation of the rules designed to govern a given system in an attempt to gain an advantage over other users." http://whatis.techtarget.com/definition/gaming-the-system These breaks are available to everyone. I don't see anything about attempting t...
by rai
Wed Jun 08, 2016 7:57 pm
Forum: Investing - Theory, News & General
Topic: Do you feel some 'gaming of the system' is unethical?
Replies: 5
Views: 855

Re: Do you feel some 'gaming of the system' is unethical?

So does anyone have a problem with gaming the system or have any examples that might be borderline. I mean might be very legal by the law, but feel unethical or like you are ripping someone off. I have no problem going to Costco and trying some samples, heck I buy a large load of stuff there, but I ...
by rai
Wed Jun 08, 2016 7:54 pm
Forum: Investing - Theory, News & General
Topic: Do you feel some 'gaming of the system' is unethical?
Replies: 5
Views: 855

Do you feel some 'gaming of the system' is unethical?

I was curious if people are OK with gaming the system (meaning exploiting the existing loopholes)? I'll give a few examples. 1) Suppose you find that using VG funds (especially if you have a large investment) has much lower fees that typical mutual funds. Over time, you reap the benefits. (note: I d...
by rai
Wed Jun 08, 2016 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Discount for all cash offer [on house]
Replies: 40
Views: 2707

Re: Discount for all cash offer

Nothing beats running good comps on recent sales. This is something an agent would do? My question, since I'm looking to buy is how come some of the prices look so out of whack like crazy high compared to other houses. I assume the sellers don't really want to sell, but I'd expect the selling agent...
by rai
Wed Jun 08, 2016 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Selling from taxables
Replies: 16
Views: 1173

Re: Selling from taxables

How much are we talking about? Are you worrying about $1 or less. :oops:

Also, if you do end up paying a bit extra look at it as helping the national debt that's what I tell myself whenever I have to pay taxes.
by rai
Tue Jun 07, 2016 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: When would you stop paying for disability insurance?
Replies: 20
Views: 1369

Re: When would you stop paying for disability insurance?

^ Just remember, it's not about reaching Your Number. It's about how much income your number will generate annually. I also took a look at how much we spend in insurance each year: medical, homeowner's, earthquake, car, umbrella, disability, and life. Fortunately, work picks up malpractice but it s...
by rai
Tue Jun 07, 2016 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: When would you stop paying for disability insurance?
Replies: 20
Views: 1369

Re: When would you stop paying for disability insurance?

There may a middle ground and you might be able to check with your insurance agent to see if you could get reduced coverage instead of completely cancelling it. There is, as I got older my policy got more expensive (it turns out the policy was one with a gradual ramp up, so that young MDs could aff...
by rai
Tue Jun 07, 2016 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: When would you stop paying for disability insurance?
Replies: 20
Views: 1369

Re: When would you stop paying for disability insurance?

Do you have (or have you considered) LTC insurance or the ability to self insure on that? Term life is fairly inexpensive so we kept ours until the term expires. we'd be able to self insure, I think while useful (for some) LTC is another high price insurance and that the insurance sellers aren't go...
by rai
Tue Jun 07, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: When would you stop paying for disability insurance?
Replies: 20
Views: 1369

Re: When would you stop paying for disability insurance?

mhalley wrote:because you tried to save a few bucks for a couple of years, you might regret the decision for 30 years.

thanks for your reply.

-My point is that it's I'm not trying to save a few bucks, it's tens of thousands of bucks (can be put into investments)
by rai
Tue Jun 07, 2016 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: When would you stop paying for disability insurance?
Replies: 20
Views: 1369

When would you stop paying for disability insurance?

dual MD's with two children 10th grade and starting college this year. our age is 50/49 we have specialty specific disability insurance which is not cheap as well as term life insurance for all insurance we are paying $10-12K (post tax/year). our disability insurance is only good to 65 years of age ...
by rai
Tue Jun 07, 2016 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to keep $10,000 liquid yet still earn some interest
Replies: 23
Views: 4538

Re: Best way to keep $10,000 liquid yet still earn some interest

You're essentially asking for an emergency fund to return more than a bank savings account, I believe. I'd suggest you check this Wiki page . This might seem counter-intuitive to you to begin with, or not seem to answer your question, but it actually does if you have some other savings assets beyon...
by rai
Mon Jun 06, 2016 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: "Don't make this gigantic Social Security mistake"
Replies: 69
Views: 9010

Re: "Don't make this gigantic Social Security mistake"

If you die before the breakeven point it doesn't matter. You're dead. Sure it matters... That might be 2 trips a year I didn't take to see my grandkids in my 60s because I didn't have the extra money. Assuming you have anything at all saved in retirement accounts, you don't have to take the money f...
by rai
Sun Jun 05, 2016 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: "Don't make this gigantic Social Security mistake"
Replies: 69
Views: 9010

Re: "Don't make this gigantic Social Security mistake"

Vanguard life expectancy calculator

https://personal.vanguard.com/us/insigh ... ement-tool


This only accounts for the general population there might be more accurate data if you were able to input the age of your parents as well.
by rai
Sun Jun 05, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: "Don't make this gigantic Social Security mistake"
Replies: 69
Views: 9010

Re: "Don't make this gigantic Social Security mistake"

I'm not sure I understand why someone would take SS (early) while still working and would be phased out some of their payments. It seems very counter productive to me.
by rai
Sat Jun 04, 2016 11:19 am
Forum: Personal Finance (Not Investing)
Topic: "Don't make this gigantic Social Security mistake"
Replies: 69
Views: 9010

Re: "Don't make this gigantic Social Security mistake"

I'm looking at (current) Super high tax rate and (future) super high tax rate. In between there is a window where I can make my tax rate (low/medium) and be able to convert (some) of my 401K/IRA into Roth IRA. The last possible thing I need is SS intruding on my window of low/medium tax, and locking...
by rai
Sat Jun 04, 2016 8:48 am
Forum: Personal Consumer Issues
Topic: Anybody successfully start writing fiction for pay as a side income?
Replies: 25
Views: 2702

Re: Anybody successfully start writing fiction for pay as a side income?

here is a very interesting take on Stephen King and how little money he had as a young writer. King actually threw out the outline of (Carrie) sure it wouldn't sell, his wife rescued it from the garbage. One thing that struck me about Carrie -- --- "Thirty publishers rejected it" http://me...
by rai
Sat Jun 04, 2016 8:37 am
Forum: Personal Consumer Issues
Topic: Anybody successfully start writing fiction for pay as a side income?
Replies: 25
Views: 2702

Re: Anybody successfully start writing fiction for pay as a side income?

I am talking about the household names (Stephen King, .... I heard that King got about $700 for Carrie when he first published it. this is what I'm talking about. He started from zero. He was selling stories for $50 a pop. He was as full time teacher and he did sell his first book (Carrie)for a low...
by rai
Sat Jun 04, 2016 8:25 am
Forum: Personal Consumer Issues
Topic: Anybody successfully start writing fiction for pay as a side income?
Replies: 25
Views: 2702

Re: Anybody successfully start writing fiction for pay as a side income?

I knew a guy who wrote historical fiction (Civil War) and he wrote several books. It struck me as a long way to make short money. I mean he was peddling books at Civil War reenactments and sold a few on Amazon. But overall, it was more because he liked to have written the books or the attention he m...
by rai
Thu Jun 02, 2016 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 560
Views: 65688

Re: High Earners - What's Your Profession?

PhysicianOnFIRE wrote:Full-time Anesthesiologist.

:sharebeer

Same
by rai
Thu Jun 02, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 560
Views: 65688

Re: High Earners - What's Your Profession?

Started as a production accounting clerk 9 years ago, earning $650/week and had to find a new job every 3 months, broke 6 figures 5 years ago by doing more corporate work and moved into Film/TV Production Finance 3 years ago and now at mid six figures. I always wonder when people say mid six figure...
by rai
Thu Jun 02, 2016 9:16 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 560
Views: 65688

Re: High Earners - What's Your Profession?

MD married to MD
by rai
Thu Jun 02, 2016 9:07 am
Forum: Investing - Help with Personal Investments
Topic: [Poor] 401K Choices Worth the Tax Break?
Replies: 11
Views: 957

Re: Crappy 401K Choices Worth the Tax Break?

seanmerron wrote:Thanks for all of the awesome replies! Basically the tax breaks outweigh the so-so investment options in the 401K and being able to rollover into an IRA after leaving is the kicker!

Agreed.
by rai
Thu Jun 02, 2016 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest in bonds if 401k options are horrible?
Replies: 12
Views: 502

Re: Where to invest in bonds if 401k options are horrible?

You didn't mention how old you are, but younger people particularly can skip bonds entirely (especially) as you don't really have a realistic bond choice.
by rai
Thu Jun 02, 2016 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest in bonds if 401k options are horrible?
Replies: 12
Views: 502

Re: Where to invest in bonds if 401k options are horrible?

Does your 401K have a directed brokerage option? Unfortunately it doesn't. We have been promised a new 401k provider in the near future, so lately I've been holding off to see if the options improve, but I'm getting antsy. They've given us no definite timeline on the change. It's borderline crimina...
by rai
Wed Jun 01, 2016 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: [Poor] 401K Choices Worth the Tax Break?
Replies: 11
Views: 957

Re: Crappy 401K Choices Worth the Tax Break?

Yes,

If you're in a 25% or higher tax bracket you save 25% !!!! And all dividends, interest and capital gains are not taxed until you withdrawal many (maybe decades) in the future.
by rai
Wed Jun 01, 2016 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions, Zero Income Years and Tax Brackets
Replies: 64
Views: 4327

Re: Roth Conversions, Zero Income Years and Tax Brackets

@rai. Very good. I call IRA s, 401is, and ROTHs, QUACKs ( QUalified Accounts ACKs) sometimes they can get you in the acks. :oops: I ran similar tests. It's too late for us save for the 4th option where we have a straddle and gets complicated for most. I also looked what RMD look like for large nest...
by rai
Wed Jun 01, 2016 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions, Zero Income Years and Tax Brackets
Replies: 64
Views: 4327

Re: Roth Conversions, Zero Income Years and Tax Brackets

@rai. Very good. I call IRA s, 401is, and ROTHs, QUACKs ( QUalified Accounts ACKs) sometimes they can get you in the acks. :oops: I ran similar tests. It's too late for us save for the 4th option where we have a straddle and gets complicated for most. I also looked what RMD look like for large nest...
by rai
Wed Jun 01, 2016 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions, Zero Income Years and Tax Brackets
Replies: 64
Views: 4327

Re: Roth Conversions, Zero Income Years and Tax Brackets

I found this helpful to me helping to visualize what lower tax brackets look like. Currently I pay 6-figures (plus plus) in income tax (not counting state income tax, payroll or Medicare surtax). Taxes are by far my number 1 expense. I'm paying greater than 28% in federal income tax (not marginal ta...
by rai
Wed Jun 01, 2016 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement and opportunity cost, by Harry Sit
Replies: 144
Views: 12109

Re: Early retirement and opportunity cost, by Harry Sit

I'm not sure this is particularly the point, but if someone has enough money to retire but they have to be on a budget. I'm not even saying a strict budget but just that they'll have to watch their spending somewhat. Or keep working and have no worry or even increase spending in later life. I don't ...
by rai
Tue May 31, 2016 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions, Zero Income Years and Tax Brackets
Replies: 64
Views: 4327

Re: Roth Conversions, Zero Income Years and Tax Brackets

I wanted to ask if Capital gains count as income also? Dividends that is counted as income, capital gains as well (?) just wanted to make sure I have that correct? So if I retired and was the doughnut years, not collecting SS or RMD so I'd be in the lower tax bracket during this lull time. But my Di...

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