Search found 44 matches

by hammond
Sat Feb 22, 2020 6:51 pm
Forum: Personal Investments
Topic: Share vanguard accounts with spouse
Replies: 3
Views: 405

Share vanguard accounts with spouse

Me and my spouse have our own Roth Ira. Is it possible for us to combine? Or have it such that each of use can see the other person's account. The only simple idea we could think of is, sharing passwords. But with 2 factor auth that's also not too much of an option. We were also just thinking of sto...
by hammond
Mon Feb 10, 2020 1:37 am
Forum: Personal Investments
Topic: TLH on individual stock
Replies: 9
Views: 639

Re: TLH on individual stock

I live in California. Does California allow carryover losses like this? Also, is there an upper limit on the number of years that I can carryover losses like this?
by hammond
Sun Feb 09, 2020 1:08 am
Forum: Personal Investments
Topic: TLH on individual stock
Replies: 9
Views: 639

Re: TLH on individual stock

I gave significant capital gains from the sale of another stock: 10k+. Does the 3k rule apply in this case? How does it work?
by hammond
Sat Feb 08, 2020 11:47 pm
Forum: Personal Investments
Topic: TLH on individual stock
Replies: 9
Views: 639

TLH on individual stock

I have ~ 4k paper losses on SNAP. This is my first time trying TLH so my question is, after selling this stock can I buy VTSAX / some other individual stock immediately?

How does this work at a high level?
by hammond
Sat Feb 08, 2020 11:41 pm
Forum: Personal Investments
Topic: VTSAX vs BRK.B
Replies: 14
Views: 1265

Re: VTSAX vs BRK.B

I plan to invest 8k per month. So the BRK.B share is fine with this ratio.
by hammond
Sat Feb 08, 2020 11:33 pm
Forum: Personal Investments
Topic: VTSAX vs BRK.B
Replies: 14
Views: 1265

VTSAX vs BRK.B

I am in a high income tax bracket, and would like to save/invest in my brokerage account using after tax money.

I was thinking of using BRK.B, rationale being that it''s more tax efficient than VTSAX -- which tends to give out dividends.

What do others think about this strategy?
by hammond
Sat Feb 08, 2020 3:23 pm
Forum: Personal Investments
Topic: Ways to reduce property tax in California
Replies: 8
Views: 871

Ways to reduce property tax in California

We are close to paying off our $2.5 mill home in California. However, we still have a very high property tax: 25k per year. Are there some tax strategies / methods to reduce this? We tried contesting our property value and successfully won this. But this is just a temporary measure and it was lowere...
by hammond
Tue Dec 10, 2019 3:09 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Millionaire Study
Replies: 102
Views: 23040

Re: Dave Ramsey's Millionaire Study

Just use a VPN of someone is paranoid.
by hammond
Thu Nov 21, 2019 1:03 pm
Forum: Investing - Theory, News & General
Topic: What does bond yield mean?
Replies: 10
Views: 1204

What does bond yield mean?

I just saw that the 30-year yield on a bond is 2.1%?

Does this mean that if I put $100 in the bond, I get paid $2.1 every year?
by hammond
Sun Oct 20, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Nanny in Bay Area
Replies: 8
Views: 1527

Nanny in Bay Area

We are thinking of getting a nanny for 4 months. We were quoted $2500. So it's 7500 total. I was thinking of going on paternity leave for the same time. On one hand I feel that it's only once in a lifetime and my paternity leave would be easier if we had a nanny around. On the other hand, me and wif...
by hammond
Mon Jun 24, 2019 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Are 529 contributions tax deductible in California?
Replies: 9
Views: 1125

Are 529 contributions tax deductible in California?

Are 529 contributions tax deductible in California? Or are they from after-tax money?

Also, I am aware of the 15k/year/parent limit. Is this for the whole year or how does it work?
by hammond
Wed Mar 13, 2019 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax hacks in California
Replies: 59
Views: 7110

Property tax hacks in California

https://youtu.be/fUAwxojCcaQ I came across this video where the author claims to pay only ~5k in property tax every year in the Bay Area (HCOL area). He did not specify how this is done and was slightly secretive about it as he thought it was a controversial subject. Does anybody what are some of th...
by hammond
Sun Mar 10, 2019 1:11 am
Forum: Investing - Theory, News & General
Topic: Taxable income from 401k
Replies: 9
Views: 994

Re: Taxable income from 401k

Thanks!

I live in California (with state income tax + HCOL). Assuming no other income during retirement, does some rule of AMT apply here? How does that part work?
by hammond
Sun Mar 10, 2019 12:45 am
Forum: Investing - Theory, News & General
Topic: Taxable income from 401k
Replies: 9
Views: 994

Taxable income from 401k

I am trying to understand how taxes work when withdrawing from 401k. I am looking at the federal income tax brackets here: https://www.nerdwallet.com/blog/taxes/federal-income-tax-brackets/ Let's assume I take 30k out of my 401k. Does it mean I need to pay taxes for the 30k? Also, I am reading that ...
by hammond
Sun Jan 20, 2019 8:20 pm
Forum: Personal Consumer Issues
Topic: Anyone have TCL Series 4 65” TV?
Replies: 21
Views: 2144

Re: Anyone have TCL Series 4 65” TV?

Love the TV. Roku can connect to Google Assistant enabling things like "Hey Google, switch off the bedroom TV". Value for money purchase I would say.
by hammond
Mon Jan 07, 2019 1:35 am
Forum: Investing - Theory, News & General
Topic: Where does the 20% downpayment rule come from?
Replies: 3
Views: 885

Re: Where does the 20% downpayment rule come from?

Thanks for the historical explanation. Is the 20% downpayment with PMI a recent phenomenon that the banks in some way are self regulating? Clearly this doesn't seem like the case pre-2008. I am trying to understand the incentives of the shift in the attitudes of bank over the recent years (post-2008...
by hammond
Sun Jan 06, 2019 11:53 pm
Forum: Investing - Theory, News & General
Topic: Where does the 20% downpayment rule come from?
Replies: 3
Views: 885

Where does the 20% downpayment rule come from?

As I was recently looking for loans, everything had a minimum 20% downpayment rule (to avoid PMI). Anecdotally, I have heard a few cases where back in pre-2008 crisis, no such rules were required and a few people got mortgages for 0% downpayment. Where does this regulation come from? Is it part of D...
by hammond
Tue Jan 01, 2019 5:41 pm
Forum: Investing - Theory, News & General
Topic: 529 plan when expecting
Replies: 5
Views: 491

529 plan when expecting

Hi, Me and my wife are expecting a kid soon. In the next 3 months. The kid is yet to be born but I am very sure we want to send our kids to a private elementary school. According to my understanding, it is now possible to use distributions from a 529 plan for this purpose. Given the obvious expense ...
by hammond
Mon Dec 24, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: Estimating taxes after sale of stock
Replies: 9
Views: 832

Re: Estimating taxes after sale of stock

You should look into this immediately. You probably should be paying quarterly estimated taxes to avoid penalty. If you sold before Oct 1st, you're already late. Can you please elaborate on this? I have withholding set on my regular income. I just looked at the last 3 years of returns and the IRS h...
by hammond
Sun Dec 23, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: Estimating taxes after sale of stock
Replies: 9
Views: 832

Re: Estimating taxes after sale of stock

What brokerage did you use? Most brokerages have a page buried somewhere on their website that will tell you your year to date totals. Then multiply long term gains or losses by the long term rate (probably 15%), and short term gains or losses by your ordinary income rate, which, if you know roughl...
by hammond
Sun Dec 23, 2018 12:59 am
Forum: Investing - Theory, News & General
Topic: Estimating taxes after sale of stock
Replies: 9
Views: 832

Estimating taxes after sale of stock

Hi, In order to buy a house this year, I sold all my stock. This includes some from Schwab and some from vanguard. My concern is that we have not budgeted enough money to pay the capital gains on them. As we plan our finances for 2019, I wanted to check if there is a tool that estimates this for us....
by hammond
Wed Dec 19, 2018 10:20 pm
Forum: Investing - Theory, News & General
Topic: Pay off mortgage in higher interest rate environment
Replies: 9
Views: 1327

Pay off mortgage in higher interest rate environment

I have about 300k left in my 15 year mortgage @4.3%.

Given that interest rates are rising, does it make sense to pay this mortgage off early? Or is it better to invest regular income in VTSAX.

More generally, how do interest rates affect existing home mortgages?
by hammond
Sat Aug 18, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: What is the difference between minimum payment and statement balance for 0 APR card
Replies: 9
Views: 954

Re: What is the difference between minimum payment and statement balance for 0 APR card

Thank you everyone.

I have enough in my bank account to pay it off in full. So my strategy is to pay the minimum until ~20 months and then 3-4 months before (just to be safe) I will pay off the full card and close it.
by hammond
Fri Aug 17, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: What is the difference between minimum payment and statement balance for 0 APR card
Replies: 9
Views: 954

What is the difference between minimum payment and statement balance for 0 APR card

I recently got a credit card from Home Depot with 0% APR. We decided to put a large sum of money $6000 on the card for a small house remodel. I am planning to set up auto pay for it soon. One of the options is to either set up auto pay for minimum payment or statement balance. Since it is a 0% APR c...
by hammond
Sun Jul 15, 2018 2:27 am
Forum: Personal Finance (Not Investing)
Topic: Property tax + deductions
Replies: 25
Views: 3498

Property tax + deductions

I am trying to better plan our savings for this year. Can someone shed some light on how deductions work with property taxes. We live in a VHCOL area and our property taxes are rather high. It is ~30k on a 2.5 million house. Do we get to write off a portion of our property taxes? What are some ways ...
by hammond
Sat Jun 02, 2018 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 9016

Have $2.5M at 30, career advice needed

I'm in a unique position financially and there's not a lot of people I feel like I can talk to about the topic. Any advice is appreciated. I'm 30, live in Bay Area (a very HCOL area), with a net worth of about 2.5M (500k IRA + 401k, 2M in house, $100k cash). Mortgage on a 2.4M house out of which 2M ...
by hammond
Mon Nov 13, 2017 12:41 am
Forum: Investing - Theory, News & General
Topic: How to vote as a shareholder
Replies: 0
Views: 483

How to vote as a shareholder

If you own VTSAX e.g. do you get to participate in company votes of the underlying companies.

I recently saw the ADP proxy vote (on wsj) and noticed that vanguard placed a vote.
https://www.wsj.com/articles/activist-w ... 1510061281

How does this work?
by hammond
Sun Aug 13, 2017 5:24 pm
Forum: Personal Investments
Topic: Vanguard funds with the highest minimum investment
Replies: 15
Views: 3781

Vanguard funds with the highest minimum investment

This is mostly for my own research.
Is there a place where I can see a list of top funds from vanguard ranked by their minimum investment?
by hammond
Mon May 29, 2017 2:57 pm
Forum: Personal Investments
Topic: How to buy brk.a? [Berkshire Hathaway Inc. Class A]
Replies: 24
Views: 6465

How to buy brk.a? [Berkshire Hathaway Inc. Class A]

I would like to buy brk.a but I hope to save for it in 2-3 years.
Can I dollar cost average buying bkr.b and switch to brk.a?
What is the best option to do this? Looking at some stories of how people bought brk.a as well.
by hammond
Sun May 28, 2017 12:49 am
Forum: Personal Investments
Topic: Rebalancing ease between taxable, tax-advantage account, pure stocks
Replies: 6
Views: 1200

Re: Rebalancing ease between taxable, tax-advantage account, pure stocks

If I do a vanguard to vanguard transfer, say VGHAX -> VTSAX, is that considered a sale? And therefore owe CG on it?

I own very little pure stock now but this is more in the realm of future investment decision making. I am trying to evaluate vanguard funds vs stock from a rebalancing perspective.
by hammond
Sat May 27, 2017 10:19 pm
Forum: Personal Investments
Topic: Rebalancing ease between taxable, tax-advantage account, pure stocks
Replies: 6
Views: 1200

Rebalancing ease between taxable, tax-advantage account, pure stocks

For the past few years I've been steadily contributing into vanguard funds in my taxable, tax-advantaged accounts. Vanguard says that my stock to bond split is 95/5, and I'd like to rebalance. My split is as follows: 401k: Vanguard Target Retirement 2055 - 160k Roth IRA: Vanguard Target Retirement 2...
by hammond
Mon Feb 20, 2017 3:13 am
Forum: Investing - Theory, News & General
Topic: Data for millionaires in 2017
Replies: 5
Views: 3162

Data for millionaires in 2017

I have read the classic "millionaire next door". Is there an updated analysis for 2017? I recently came across https://www.nytimes.com/2017/02/19/your-money/who-are-the-richest-of-the-rich.html but this is for billionaires. I would love to read about something similar for millionaires. The closest t...
by hammond
Tue Jan 17, 2017 12:15 am
Forum: Investing - Theory, News & General
Topic: Fire retirement and early withdrawal from 401k, roth IRA etc
Replies: 1
Views: 1029

Fire retirement and early withdrawal from 401k, roth IRA etc

I've recently started looking at FIRE early retirement. One thing I did notice in my portfolio is that my tax-advantaged / taxable account investment ratio is 40 / 60. I tried looking at some discussion about this for FIRE retirement but found no discussion about this ratio. I am going to max out my...
by hammond
Sun Jan 15, 2017 6:56 pm
Forum: Personal Investments
Topic: Safe cutoff of after tax contributions
Replies: 7
Views: 1144

Re: Safe cutoff of after tax contributions

To be clear, the tooling first does pre tax 401k(ensuring the full match is exhausted) and then starts filling the after tax component.
by hammond
Sun Jan 15, 2017 6:42 pm
Forum: Personal Investments
Topic: Safe cutoff of after tax contributions
Replies: 7
Views: 1144

Safe cutoff of after tax contributions

My company lets me do an after tax 401k and I plan to max my mega backdoor Roth for this year. In vanguard I set my limit to 100% for the after tax contribution part. From my understanding I am allowed to contribute 53 - 18 (for pre tax 401k) - company contribution for pre tax 401k. Does vanguard au...
by hammond
Mon Dec 26, 2016 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor roth and rolling over a 401k from a prior employer
Replies: 1
Views: 438

Backdoor roth and rolling over a 401k from a prior employer

I just quit my job and am planning to roll over the 401k to a traditional IRA this week. I also plan to do a backdoor roth IRA. I have vaguely heard about the term pro rata rule. Can I do both these maneuverers at the same time? If not, what is the recommended approach.
by hammond
Sat Dec 10, 2016 11:10 pm
Forum: Investing - Theory, News & General
Topic: Buy a house in Roth IRA
Replies: 5
Views: 1584

Re: Buy a house in Roth IRA

Can you explain further about the capital gains tax treatment policy? I am aware of nothing as far as real estate is concerned. The reason I ask is because I have the option of doing the mega backdoor-roth. I plan to buy a house in a few years say 4-5 years. So I am torn between contributing to the ...
by hammond
Wed Dec 07, 2016 9:49 pm
Forum: Investing - Theory, News & General
Topic: European fund stock?
Replies: 2
Views: 452

European fund stock?

https://www.bloomberg.com/news/articles ... since-2009

Is there a fund that has a major stake in European stocks? A vanguard fund would be ideal.
by hammond
Wed Dec 07, 2016 2:05 am
Forum: Investing - Theory, News & General
Topic: Buy a house in Roth IRA
Replies: 5
Views: 1584

Buy a house in Roth IRA

This may be a long shot, but is it possible to buy, hold and live in a house through the Roth IRA? In some ways a house is an investment.
by hammond
Tue Dec 06, 2016 1:51 am
Forum: Investing - Theory, News & General
Topic: VGHCX -> VGHAX
Replies: 2
Views: 915

VGHCX -> VGHAX

I've been slowly trying to accumulate enough VGHCX shares to equal >= 50k. Looking at the admiral version of this (I.e VGHAX), the minimum limit is 50k. How can I convert my VGHCX holdings to VGHAX? Will I owe capital gains on the conversion? For extra context, these are held in a vanguard taxable a...
by hammond
Mon Dec 05, 2016 1:24 am
Forum: Investing - Theory, News & General
Topic: What does Dave Ramsey mean by "ride the wave"
Replies: 29
Views: 6974

What does Dave Ramsey mean by "ride the wave"

https://www.youtube.com/watch?v=vfzuRthQL5E, Dave Ramsey says "ride the wave, surfing's fun". I've watched Dave Ramsey for some time and the way I understood it was to not pull yourself out of the market based on circumstances. Any listeners of Dave Ramsey or people in this forum have more insight i...
by hammond
Thu Jul 16, 2015 4:11 am
Forum: Investing - Theory, News & General
Topic: Confused about target date funds
Replies: 8
Views: 1303

Confused about target date funds

Here is my portfolio: 401K - 90K in Target Retirement 2055 Roth IRA - 5500 in Prime money market fund. In addition to the above, I have a regular (taxable) account with 43500 in Target Retirement 2055 1000 in Target Retirement 2060 I am 25 years old and have no debts. I have heard people talk (in th...
by hammond
Mon Jul 13, 2015 2:39 am
Forum: Personal Investments
Topic: Backdoor roth IRA vs betterment
Replies: 2
Views: 817

Backdoor roth IRA vs betterment

I am already maxing out my 401k for some years now. I would like to save further for a house downpayment in the future. I am familiar with the backdoor roth ira technique. However mu understanding is that I can withdraw the roth ira only at the age of 59 1/2 . Is this true? If that's the case, what'...