Search found 1775 matches

by Electron
Mon Nov 05, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: California municipal money market vs vanguard prime money market
Replies: 19
Views: 2421

Re: California municipal money market vs vanguard prime money market

Great chart, though it would be even more helpful if it accounted for the specific situation (high Fed tax, high CA tax) of this thread. Did you generate this chart or is it from a website? A link would be great, as I would love to play around with it to get a better understanding of the data. I ge...
by Electron
Mon Nov 05, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: California municipal money market vs vanguard prime money market
Replies: 19
Views: 2421

Re: California municipal money market vs vanguard prime money market

I wish I could figure out how to insert the screenshot into my post. Forum users generally upload jpg or png images to sites such as postimg or tinypic. Google Documents may not work in the same way. Here is a chart showing Vanguard Money Market Fund yields going back to the first Fed rate hike of ...
by Electron
Fri Nov 02, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: California municipal money market vs vanguard prime money market
Replies: 19
Views: 2421

Re: California municipal money market vs vanguard prime money market

It's also worth noting that the yield relationships of the various Money Market funds change over time. In particular, the yields of the tax-exempt money market funds vary quite a bit more than the taxable funds. Yields seem to change significantly with changes in supply and demand. See this thread ...
by Electron
Fri Oct 26, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion math - taxes paid from IRA
Replies: 7
Views: 703

Re: Roth Conversion math - taxes paid from IRA

This conversion should be relatively easy if you are handling the tax calculations and the Traditional IRA holds one or more no-load mutual funds that you wish to repurchase in the Roth IRA. The first step would be to convert $50.7K from the tIRA to the Roth IRA which is a taxable event. You can spe...
by Electron
Fri Oct 26, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion math - taxes paid from IRA
Replies: 7
Views: 703

Re: Roth Conversion math - taxes paid from IRA

I'd also review your expected standard or itemized deduction for 2018 which will offset some ordinary income. Capital losses if available could also offset $3K in ordinary income.

If these considerations are already reflected in your taxable income, then you're all set.
by Electron
Sat Oct 20, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)
Replies: 34
Views: 3057

Re: Question Regarding Five Year Rule for Roth IRA Withdrawals (Alan S. Please Help!)

I've clicked on the link you provided, but I can't find anywhere to login in order to post my question. Am I simply missing something? The Fairmark forum was operational for a few days before the login problem appeared. A good alternative for Retirement Account questions is the IRA Discussion Forum...
by Electron
Sat Oct 20, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1739

Re: Fairmark Forum (Tax Forum)

The Fairmark forum was operational for a few days before the login problem appeared. A good alternative for Retirement Account questions is the IRA Discussion Forum sponsored by Ed Slott and Company. https://www.irahelp.com/forums/ira-discussion-forum The previous content on the Fairmark site might ...
by Electron
Fri Oct 19, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1739

Re: Fairmark Forum (Tax Forum)

tomd37 wrote:
Fri Oct 19, 2018 2:25 pm
I wish there was a way to contact him.
This link provides information about Kaye and a way to contact him.

https://fairmark.com/about/about-the-author/
by Electron
Fri Oct 19, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1739

Re: Fairmark Forum (Tax Forum)

I registered with my original user name and email address on October 8 and the forum appeared to be operating normally. After a few days the log-in capability disappeared and it has been that way all week.
by Electron
Fri Oct 12, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions about age 66 to 70 Roth Conversions - up to 12% or 22% bracket
Replies: 12
Views: 879

Re: Opinions about age 66 to 70 Roth Conversions - up to 12% or 22% bracket

If the differential in tax rates is significant, a Roth Conversion with taxes paid from the IRA will still provide a reasonable percentage advantage. Paying taxes from the tIRA means that a $10K tIRA becomes an $8.8K Roth IRA at a tax rate of 12%. If the tax rate after age 70.5 is 22%, the Roth woul...
by Electron
Fri Oct 12, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions about age 66 to 70 Roth Conversions - up to 12% or 22% bracket
Replies: 12
Views: 879

Re: Opinions about age 66 to 70 Roth Conversions - up to 12% or 22% bracket

A key factor in the decision would be your projected tax bracket in retirement. If you expect to be in the 22% bracket or higher, Roth Conversions at 22% today can be justified even if paying taxes from the tIRA. However, those conversions would only provide a direct benefit if the future tax rate i...
by Electron
Thu Oct 11, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

I always find it interesting to look at cash flow into and out of funds. For these MM funds, if I had more time/interest I would plot cash flow vs yield and see if there was an interesting pattern. That chart would be very interesting to see but I think we need the combined cash flows from all the ...
by Electron
Wed Oct 10, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: VMRXX vs. VMFXX MM Funds - Preferences?
Replies: 3
Views: 350

Re: VMRXX vs. VMFXX MM Funds - Preferences?

Vanguard Federal Money Market fund may have tax advantages depending on any state income tax. In 2017 approximately 70% of the income was exempt for state tax. Compare your after-tax yield in both funds.
by Electron
Mon Oct 01, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA Conversion Ladder before 59.5
Replies: 25
Views: 1579

Re: Roth IRA Conversion Ladder before 59.5

Here is the link to the updated Roth IRA Distribution Table including the notes. http://fairmark.com/forum/read.php?2,54159,85536#msg-85536 Re: Roth IRA Rules - Table Approach Posted by: KAWill, March 25, 2018 10:02PM Roth IRA Distribution Table UNDER AGE 59.5 FIVE YEAR CONVERSION HOLDING PERIOD NOT...
by Electron
Tue Sep 18, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: California tax free fund or an AMT tax free fund?
Replies: 9
Views: 824

Re: California tax free fund or an AMT tax free fund?

Has anyone been able to verify if you can hold below that minimum initial investment of $50k once you enter the fund? Otherwise that is a pretty steep holding requirement versus their other funds. Treasury Money Market funds should be available from other fund groups with a lower minimum investment...
by Electron
Mon Sep 17, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: California tax free fund or an AMT tax free fund?
Replies: 9
Views: 824

Re: California tax free fund or an AMT tax free fund?

You might also take a look at Treasury Money Market funds which are tax-exempt for the California Income tax.

Vanguard's Treasury Money Market fund currently shows an SEC Yield of 1.98%.
by Electron
Sun Sep 02, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

The online profile for each Vanguard Money Market fund provides some interesting information that I had not noticed before. The table showing daily and weekly liquidity also shows daily net cash flow. One interesting observation is that VMSXX has many days with negative cash flow. That does not seem...
by Electron
Fri Aug 31, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Vacuum Tubes
Replies: 15
Views: 1742

Re: Vacuum Tubes

See the Tube Meister information provided at the bottom of the page below.

http://palomar-engineers.com/
by Electron
Thu Aug 23, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

It's interesting that, on average over the past year, muni yields have been relatively flat, in the sense that the highs and lows are similar to the other highs and lows. By contrast, prime rates have steadily increased. Try adding a moving average to the chart which smooths the upward trend. I tri...
by Electron
Tue Aug 07, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Satisfying the 5 year rules for ROTH IRAs
Replies: 12
Views: 1548

Re: Satisfying the 5 year rules for ROTH IRAs

Here is the latest version of the ROTH IRA Distribution Table including the four notes at the end.

http://fairmark.com/forum/read.php?2,54 ... #msg-85536
by Electron
Sat Jul 28, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime MM (VMMXX) Tax Efficiency?
Replies: 5
Views: 931

Re: Vanguard Prime MM (VMMXX) Tax Efficiency?

Take a look at the Vanguard Treasury Money Market fund and Vanguard Federal Money Market fund. The Treasury fund will be 100% exempt for the state tax. The Federal fund was close to 70% exempt in 2017. If you know your marginal state tax bracket, you can calculate your after-tax yield and compare wi...
by Electron
Thu Jul 26, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

I'm going to make a prediction that the next spike in VMSXX yields will be very large. I'm simply assuming that there is going to be re-pricing trigger of some sort soon and yields will have to rise to keep up with demand. What we need is a past calendar of new issues to see how large offerings mig...
by Electron
Thu Jul 26, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8866

Re: Best Available 2018 tax estimator

According to Case Study Spreadsheet updates , it appears your comment about that tool was heeded: "Fixed the AMT breakpoints for capital gains on the Form6251 tab (thanks to Boglehead Electron)." That's a great surprise as I didn't know how to provide feedback on that spreadsheet. I'm now feeling p...
by Electron
Thu Jul 26, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

Are there really enough high bracket investors to sustain demand this level of demand at the current TEY spread? We're all wondering the same thing. There are quite a few Institutional Tax-Exempt Variable NAV Money Market funds but I don't know how much money is invested. It's also not clear if any...
by Electron
Thu Jul 26, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8866

Re: Best Available 2018 tax estimator

I used your contact info to send some feedback but silence so far...... I hope they eventually respond. One unknown is who controls the source code for that calculator. It's unfortunate that just about every tax program and calculator has issues. One difficult area has always been the deductions on...
by Electron
Wed Jul 25, 2018 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

Here is an updated chart with data through 7-24-18.

The SEC yield on the taxable money market funds has continued to rise slightly as the yield on VMSXX has continued to fall.

Image
by Electron
Wed Jul 25, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8866

Re: Best Available 2018 tax estimator

You could throw the two commonly noted spreadsheets, 2018 Federal Income Tax Estimator and the personal finance toolbox into the mix if interested.... Those both look like helpful resources. I ran my AMT test case with both spreadsheets and unfortunately the results did not appear correct in either...
by Electron
Tue Jul 24, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8866

Re: Best Available 2018 tax estimator

So the score is now 2 to 2 (or perhaps 1 to 2 if mortgage/dinkytown are the same creation). To settle the tie, perhaps you could confer w/ the creator of the problem calculator and figure out who went wrong how. It looks like the Mortgage Calculator and Dinkytown Calculator are reporting the correc...
by Electron
Mon Jul 23, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8866

Re: Best Available 2018 tax estimator

Do any of these tools handle prior year AMT credits? With the changes I’m hoping to finally be able to use some of the credits to do a bigger Roth conversion but haven’t found an estimator yet that has the capability. You'll probably need to wait for availability of a full tax program. However, you...
by Electron
Sun Jul 22, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 2004

Re: Mock-Up IRS Forms for 2018 Tax Year

The Mortgage Calculator site provides a page where you can send comments or ask questions.

Refer to the bottom of the page.

https://www.mortgagecalculator.org/contact/
by Electron
Sun Jul 22, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8866

Re: Best Available 2018 tax estimator

I have my projected 2018 taxes calculated in a spreadsheet and just tested several of the tools mentioned in this thread. The Mortgage Calculator and Dinkytown Calculator are very easy to use and I like these tools. My return is quite complex and the results of each calculator matched my spreadsheet...
by Electron
Sun Jul 22, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

Liquidity in the Municipal VRDO market has been mentioned as a possible factor in the yield variations. The VRDO market appears to be about $200B which is quite small compared with the taxable money market. The U.S. Commercial Paper market is over $1T. Add in Treasuries, Government paper, CDs, Repur...
by Electron
Sun Jul 15, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

Even at the highest tax bracket with NIIT Prime is still a better deal right now. Obviously I am not the only one too lazy to move to Prime right now. I noticed the same thing. There are probably a lot of people who just assume they are better off in a tax-exempt money market fund and don't look at...
by Electron
Sat Jul 14, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

Where do you think yields will go from here? It’s 1.10% right now and doesn’t make sense any more at my bracket. The only thing I can suggest is reviewing the pattern in previous years. The most recent peak on 7-03-18 appears consistent with the peak on 7-05-17. It might be worth estimating the ann...
by Electron
Fri Jul 13, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

Here are two articles that may help explain some of the recent yield spikes seen in VMSXX. Note the comment in the Blackrock article about the spring supply push. https://www.bloomberg.com/news/articles/2017-11-30/muni-cracks-widen-as-issuers-rush-in-fearing-tax-reform-damage November 30, 2017 "In t...
by Electron
Tue Jul 10, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

Down to 1.2% sec yield today from 1.31%. Now I’m below TEY at my bracket compared to prime. There must be a lot of demand from people in the 35% and 37% brackets. Even then the current rate is not overly attractive depending on the taxable rate used for comparison. The Treasury Money Market fund is...
by Electron
Mon Jul 09, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

That prompts the question: are transactions done using the NAVs to four decimal place or two decimal places? I did not find anything in the prospectus of the Vanguard Municipal Money Market fund about the number of decimal places in the NAV used for transactions. Fidelity provides some information ...
by Electron
Sat Jul 07, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

Here is an updated chart which includes the Fed rate hike on 12-16-15. You can see that VMSXX did not immediately respond to the rate increase as mentioned in the article I posted earlier. The chart provides a date label and tick mark on 12-15-15. That increase was the first rate hike of the current...
by Electron
Thu Jul 05, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: Switch to LT bonds in this falling rate environment?
Replies: 44
Views: 3431

Re: Switch to LT bonds in this falling rate environment?

David Kotok is recommending Long term Muni bonds now barbelling with short term bonds as the long term muni bond after tax yield equal or exceeds treasuries. California residents may want to compare Vanguard California Intermediate-Term Tax-Exempt with Vanguard California Long-Term Tax-Exempt. SEC ...
by Electron
Sun Jul 01, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

For me, the advantage of Treasury MM over Prime MM now is only 1 basis point of after-tax yield (ATY), so 1.33% vs. 1.32%, and ditto for taxable-equivalent yield (TEY), at 2.04% vs. 2.03%. But for me the maximum advantage was only 8 basis points of TEY on 6/4/2018. The 7.1 basis point advantage I m...
by Electron
Sun Jul 01, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

The after-tax yield advantage I've had with the Treasury Money Market Fund has been slowly shrinking away! The difference in after-tax yield was 0.30% a few weeks ago and now it is 0.071%. There is an interesting effect in play with the different taxation for the Treasury Money Market fund and VMSXX...
by Electron
Fri Jun 29, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

That is, I think that just about all variable rate debt essentially enjoys the same high credit rating, so muni MM yields will be the same except for expenses. Although, I'm sure there are muni fund which attempt to goose yields with some lower quality debt perhaps? Here is an article that may prov...
by Electron
Tue Jun 26, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

The rise in the SEC yield of VMSXX last year was from 6-14-17 through 7-06-17 so it will be interesting to see how things compare in 2018. However, note that the Federal Funds Rate was increased on both 6-14-17 and 6-13-18. In fact, many of the recent spikes in yield coincided with hikes by the Fed....
by Electron
Fri Jun 22, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

Under the new regs my understanding is that municipal MM funds (and other MM funds apart from federal/treasury funds) are only open to individual investors. Hedge funds (along with other institutional investors) are limited to the federal/treasury MM funds. Here is a list of Institutional Money Mar...
by Electron
Thu Jun 21, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

I wonder if there are two or more overlapping influences which affect the cycles, e.g. investor behavior, underlying economic conditions, one-time events such as new tax-law affecting one or more of the past-few cycles, etc. The supply of new paper versus ongoing investor demand may be quite diffic...
by Electron
Mon Jun 18, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

Out of curiosity, why is it more common to gross up tax-advantaged funds to TEY for comparability to Prime rather than comparing after tax yields? I get that this is two sides of the same coin, but I find it more grounding to think it terms of after-tax yields. I prefer to look at after-tax yields....
by Electron
Fri Jun 15, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

More basic question: are the securities in Vang muni mm mostly short term paper from issuance, or are they longer bonds at or near maturity? The complete portfolio listings are available in the Annual Reports. A large percentage of the holdings are VRDOs. https://investor.vanguard.com/mutual-funds/...
by Electron
Fri Jun 15, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vanguard Municipal Money Market VMSXX 1.39%

In regards to the yield variations, the Municipal Bond Market is considered much less liquid than the Treasury Market and that should extend to the very short term securities as well. Part of the problem may be the very high number of different individual issues which translates to lower trading vol...
by Electron
Thu Jun 14, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vangaurd Municipal Money Market VMSXX 1.39%

The taxable Money Market funds at Vanguard are maintaining longer average maturities compared with the Municipal Money Market fund. That difference may be a factor in the after-tax yield comparisons. Treasury - Average Maturity 56 days - SEC Yield 1.79% Federal - Average Maturity 54 days - SEC Yield...
by Electron
Wed Jun 13, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 248
Views: 33738

Re: Vangaurd Municipal Money Market VMSXX 1.39%

Why is there so much fluctuation in muni money market yields? I believe one factor is variation in the supply of new paper. Increased supply may increase yields while decreased supply may drive down yields. I've also seen a similar effect in longer term municipal securities near the end of the year...