Search found 96 matches

by martint
Mon Mar 30, 2020 10:31 pm
Forum: Personal Investments
Topic: When/how to simplify my portfolio
Replies: 6
Views: 584

Re: When/how to simplify my portfolio

Since (B) has suffered worse than the lazy portfolio, one could expect that the recovery will be stronger. Therefore, keep (B) for now until back to levels before the crash and sell then. With all due respect, What on earth leads you to believe this poisonous thought...^^^ You've already admitted t...
by martint
Fri Mar 27, 2020 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Self employed health premiums
Replies: 4
Views: 417

Re: Self employed health premiums

She doesn’t even clear enough to cover our premiums😂 Regardless, have to figure out 2019, for which we were on my plan. I feel your pain. I’ve seen situations where a “subsidized” family plan through an employer costs $37k per year, whereas a similar plan (network, deductible, copay, etc) is availa...
by martint
Fri Mar 27, 2020 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Self employed health premiums
Replies: 4
Views: 417

Re: Self employed health premiums

I am a partner in an s Corp and most partners take a deduction for self employed health premiums which we pay with post tax money. one exclusion to take this deduction is access to a spouses “employer subsidized” plan. my wife works part time as a teacher and conceivably we could sign up for her sc...
by martint
Mon Mar 23, 2020 10:09 pm
Forum: Personal Investments
Topic: TLH - no brainer?
Replies: 7
Views: 791

Re: TLH - no brainer?

I just went through the same philosophical debate with myself: https://www.bogleheads.org/forum/viewtopic.php?t=308764 TL;DR I decided to offset my losses with a lot of gains in individual stocks and rebalance to index funds. If you don’t have any gains to offset, I’m not sure keeping more than 100 ...
by martint
Mon Mar 23, 2020 4:53 pm
Forum: Personal Investments
Topic: Post TLH: What to do?
Replies: 7
Views: 613

Re: Post TLH: What to do?

Thanks for all the encouragement. Today, I liquidated all of my individual taxable positions except for two and invested the proceeds in a total stock ETF. Fun times....
by martint
Fri Mar 20, 2020 11:56 pm
Forum: Personal Investments
Topic: Post TLH: What to do?
Replies: 7
Views: 613

Post TLH: What to do?

I did a lot of individual stock picking starting around 2009, nearly all buy & hold. I had pretty good success, but the process took more effort than I wanted and I found I wasn’t very diligent in investing regularly. Doing some reflection a few years ago, I concluded my yearly IRR on the investment...
by martint
Thu Feb 27, 2020 5:41 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting Wash Sale Clarification
Replies: 6
Views: 485

Re: Tax Loss Harvesting Wash Sale Clarification

Hi all, I have read the TLH wiki, the TLH for absolute dummies thread, and this helpful post from user House Blend. I believe I understand my situation but wanted to confirm with the many people on this forum wiser than I am. I am looking to harvest losses in VTI. Here are the relevant VTI purchase...
by martint
Fri Feb 07, 2020 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Home depreciation taxable after home sale?
Replies: 2
Views: 498

Re: Home depreciation taxable after home sale?

I believe this might be an “unrecaptured section 1250 gain”.
by martint
Sat Jan 25, 2020 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Owner's title policy on mortgage refi? (Legalese help)
Replies: 6
Views: 432

Re: Owner's title policy on mortgage refi? (Legalese help)

“only so long as the insured shall have the liability by reason of warranties in any transfer or conveyance of the title“

How does a quitclaim deed from the owner to the owner’s trust (or vice versa) affect this?
by martint
Sat Jan 25, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Super Jumbo Mortgage Qualifications
Replies: 4
Views: 483

Super Jumbo Mortgage Qualifications

I have a friend (really!) who is interested in getting a roughly $1.5M loan on a roughly $2.5M house. He is married with both spouses working, but he is self employed and he’s concerned the lenders won’t approve them based solely on wife’s salary. His state is California. I’ve seen some posts on thi...
by martint
Fri Jan 17, 2020 8:24 pm
Forum: Personal Investments
Topic: About to try FIRE and expolring going from 4.625% on 30yrs to 2.8% on 15 yrs - advice appreciated
Replies: 32
Views: 1868

Re: About to try FIRE and expolring going from 4.625% on 30yrs to 2.8% on 15 yrs - advice appreciated

pppez80 wrote:
Fri Jan 17, 2020 6:41 pm

Yes, i have an offer to those terms - it includes .5% relationship pricing discount assuming 1M assets being moved to the loan company's brokerage.
Just curious, which loan company has this deal? Does it require doing AUM or just moving the assets into a
self-managed account?
by martint
Sun Jan 12, 2020 6:51 pm
Forum: Personal Investments
Topic: Typical AUM fee accounting
Replies: 8
Views: 629

Re: Typical AUM fee accounting

Not an expert by any stretch but typically charges/fees can be found under “transactions” online or in their statement. Many variable annuities charge a maintenance/admin fee on the anniversary of the account opening. They may also charge a transaction fee as a percentage of the original account va...
by martint
Fri Jan 10, 2020 7:31 pm
Forum: Personal Investments
Topic: Typical AUM fee accounting
Replies: 8
Views: 629

Re: Typical AUM fee accounting

On my father in law's paper year-end statement (before moving to Vanguard) it was called something like "advisory expense" or "investment expense". It was also disclosed in his 1099-B broker statement that comes around during tax season. Perhaps you could look at an old tax return. Regards, Thanks,...
by martint
Fri Jan 10, 2020 7:16 pm
Forum: Personal Investments
Topic: Typical AUM fee accounting
Replies: 8
Views: 629

Typical AUM fee accounting

For anyone who has/previously had an AUM fee relationship with their brokerage, how was the fee shown on your monthly/yearly statements? My parents have several accounts with Raymond James and I can’t specifically find an AUM fee shown on their annual statements for any of their accounts. However, a...
by martint
Fri Jan 10, 2020 2:51 pm
Forum: Personal Investments
Topic: Lump-sum for ETFs, with future additions [US expat]
Replies: 11
Views: 523

Re: Lump-sum for ETFs, with future additions [US expat]

Thanks. I'm using the "client portal" not TWS or webtader, so still a bit intimidating for a newbie but I think I have my head around it. I also see they have a "mid-price" order option with optional limit. So when market is open would this be best option with a limit a few cents above? Or am I ove...
by martint
Fri Jan 10, 2020 2:46 pm
Forum: Personal Investments
Topic: Lump-sum for ETFs, with future additions [US expat]
Replies: 11
Views: 523

Re: Lump-sum for ETFs, with future additions [US expat]

Stef wrote:
Fri Jan 10, 2020 5:43 am
There is the snapshot option in IB. You get a realtime quote for 0.01$. If you stay below 1.00$ in any given month, nothing at all will be charged for this service. So no need for external quotes, just use snapshot whenever you buy something.
+1 for a much better description than I gave. Cheers.
by martint
Fri Jan 10, 2020 4:58 am
Forum: Personal Investments
Topic: Lump-sum for ETFs, with future additions [US expat]
Replies: 11
Views: 523

Re: Lump-sum for ETFs, with future additions [US expat]

1. Sounds reasonable. 2. For all practical purposes, market vs limit probably doesn’t matter. I routinely use limit orders. HOWEVER, given you say you’ve never bought stocks before, I’d caution that the IB platform is a bit more complicated and feature-full than at other brokerages. You should play ...
by martint
Tue Dec 24, 2019 2:05 am
Forum: Investing - Theory, News & General
Topic: Tax consequence of 529 Rollover
Replies: 7
Views: 545

Re: Tax consequence of 529 Rollover

Thanks, I greatly appreciate the responses. To add a little context, the trust contains three separate 529s, each one specifically identifies the beneficiary, one belonging to each sibling and myself. I've combed over all available info but unfortunately Fidelity's web interface is lacking any deta...
by martint
Sat Dec 14, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: CA LLC to C Corp Statutory Conversion
Replies: 0
Views: 149

CA LLC to C Corp Statutory Conversion

I have a couple questions about a small business CA LLC (which has elected to be taxed as an S Corp), considering a statutory conversion to a CA C Corp. E.g. something like https://bpd.cdn.sos.ca.gov/corp/pdf/articles/conv-llc-gs.pdf 1. If the conversion is filed in early 2020 and happens retroactiv...
by martint
Fri Dec 06, 2019 2:21 am
Forum: Personal Investments
Topic: 401(k) After-Tax contributions + Roth In-plan Conversion
Replies: 3
Views: 293

Re: 401(k) After-Tax contributions + Roth In-plan Conversion

My employer is adding a feature in the 401(k) plan next year to allow post-tax contribution in excess of 19K up to 57K. Right now, they only offer pre-tax 401(k) + Roth 401(k). I have a pre-tax 401(k) that I max out. The literature states that this post-tax money can then go through a Roth in-plan ...
by martint
Tue Oct 01, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 15220

Re: Willingly going from lucrative job to unemployed?

Hi I’m 33, living in San Francisco and working in tech. I grew up in a Mediterranean European country... I would like to quit (more likely: talk to my boss and see if they can lay me off and give me some severance, they did that with someone else before) and rest for at least a year, possibly trave...
by martint
Sun Sep 29, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Paying AMT because of incentive stock options
Replies: 2
Views: 408

Re: Paying AMT because of incentive stock options

Here is some info: -annual salary is about 64k per year after 401k contributions -have 5,000 shares, about 1600 vested, the rest are unvested, but are available to purchase. -each share costs about $0.10. -the current stock price is about $1 and the company hasn’t gone public. If all shares (vested...
by martint
Fri Sep 27, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Efficient way of transferring Euro to USD
Replies: 19
Views: 1531

Re: Efficient way of transferring Euro to USD

@martint The transfer amount is $200K. I just priced the service at Transferwise and it will cost Euro 610, which seems competitive. They also give a good exchange rate. The senior did visit her banker in Italy and was told that IBAN is must. We will try to push back again to see if they can do SWI...
by martint
Fri Sep 27, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Efficient way of transferring Euro to USD
Replies: 19
Views: 1531

Re: Efficient way of transferring Euro to USD

Unfortunately, the person sending the money is a senior with little internet skills and confidence in online banking. So options like Transferwise may be difficult. We have another wrinkle that we just heard of. The US megabank does not have an IBAN number. The Italian Bank insists on getting an IB...
by martint
Fri Sep 27, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Efficient way of transferring Euro to USD
Replies: 19
Views: 1531

Re: Efficient way of transferring Euro to USD

We need to transfer a large amount in Euros from Italy to our megabank in the US. Some questions: (1) Should the sending bank send money in Euro and let our megabank convert it to USD? (2) Should the sending bank convert Euros to USD so our megabank has to do nothing other than receive? (3) Is ther...
by martint
Wed Sep 18, 2019 10:25 am
Forum: Personal Investments
Topic: UGMA vs UTMA
Replies: 31
Views: 2333

Re: UGMA vs UTMA

The change of the Kiddie Tax in the TCJA from the parent's marginal tax rates to trust tax rates. Significantly increases the potential for tax gain harvesting. For 2019, you can have up to $4,850 in UTMA QDIV/LTCG and have no tax liability. No _FEDERAL_ tax liability. There can still be state tax ...
by martint
Tue Sep 10, 2019 1:32 am
Forum: Personal Finance (Not Investing)
Topic: Advice on picking best health plan, PPO vs HSA
Replies: 9
Views: 961

Re: Advice on picking best health plan, PPO vs HSA

Hi everyone. I've researched this question for a while now on many forums including this one. I think I am understanding my options the more I read, but feel like I am still missing something. Each post is slightly different from mine. A lot of this requires one to 'crunch' the numbers and work it ...
by martint
Tue Aug 27, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off 0% car loan early
Replies: 52
Views: 2883

Re: Paying off 0% car loan early

Absolutely not. Set up autopay and forget about it.
by martint
Sat Aug 17, 2019 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think about this Prosper loan to pay off car home Reno etc
Replies: 33
Views: 2115

Re: What do you think about this Prosper loan to pay off car home Reno etc

What’s the interest rate on the minimum 10k loan?

If you need the cash for something, why would you borrow 9k more at 10% interest to pay off your car loan which only charges 5% interest?
by martint
Wed Aug 14, 2019 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance!!! Go or No Go??
Replies: 18
Views: 2293

Re: Refinance!!! Go or No Go??

I talked to two credit unions , one had $7,800 as cost and the other one at $6000. What I have read is these costs can be rolled into the loan but then I will be paying the costs with interest over time. No Cost Refinance is another option but the rate will be a little high. Sounds like they are ch...
by martint
Wed Aug 14, 2019 9:19 am
Forum: Investing - Theory, News & General
Topic: holding ISOs to LTCG
Replies: 7
Views: 859

Re: holding ISOs to LTCG

Things have probably changed post TCJA, but there used to be AMT consequences for buy&hold of ISOs. You owed AMT on the paper gain in the year you bought the ISOs, and it wasn’t always possible to get it back in a future year depending on timing.

Personally I’d just do a same day exercise and sell.
by martint
Fri Aug 09, 2019 11:34 pm
Forum: Personal Investments
Topic: Solo 401ks and Controlled Groups?
Replies: 2
Views: 308

Solo 401ks and Controlled Groups?

So, several years ago my wife setup a solo 401k for her single employee (her) sole proprietorship. I do not participate in the business. This year I started a separate (single employee) sole proprietorship and I’d like to setup my own solo 401k for it. I have my own EIN for it. She does not particip...
by martint
Tue Aug 06, 2019 10:46 pm
Forum: Personal Investments
Topic: E-Trade Sold VUSXX @ $0.99998
Replies: 10
Views: 2153

Re: E-Trade Sold VUSXX @ $0.99998

I think E-Trade is doing something shady. I sold 100,000.00 units of VUSXX today and proceeds are only $99,998.00. In transaction details commission is shown as 0.00 as expected. In Gains/Losses it shows realized gain -$2.00 (loss). I also have an earlier transaction from February that I did not no...
by martint
Sun Aug 04, 2019 1:15 pm
Forum: Investing - Theory, News & General
Topic: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"
Replies: 247
Views: 20149

Re: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"

I was having a discussion with my friend. He says: if you live off dividends, a crash in stock prices doesn't matter. This seems like an odd claim to me but I know very little of the topic. Is my friend right? Technically correct. For an example in practice, lookup the dividend history of GE. A bon...
by martint
Thu Aug 01, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: self employment social security taxes
Replies: 6
Views: 530

Re: self employment social security taxes

i have a question about social security tax. I'm a fairly high earner via w2 and max out social security tax on this income. i now have some side income coming in via a small business i started. since i already maxed out social security on my w2, i wouldn't pay any SS tax on this income, correct? h...
by martint
Sun Jul 14, 2019 10:55 am
Forum: Personal Investments
Topic: ORP and RPM recommend large mega Roth's from IRA
Replies: 44
Views: 3155

Re: ORP and RPM recommend large mega Roth's from IRA

First time I’ve heard about I-orp...just for kicks I plugged in some retire early scenarios. It suggests (from what I can tell) to start with 401k/IRÁ withdrawals exclusively, letting after tax accounts continue to grow. Wouldn’t this subject me to the 10% early withdrawal penalties? Does I-orp fact...
by martint
Sat Jul 13, 2019 4:37 pm
Forum: Non-US Investing
Topic: Questions from an italian newbie
Replies: 17
Views: 1384

Re: Questions from an italian newbie

The exchange you buy from (Euronext/Netherlands, Xetra/Germany tend to be the main one in the EU, but you can find the same in Milan if you live in Italy and your broker only allows that, or London Stock Exchange too, but with less options in EUR) is irrelevant (there are differences in volume and ...
by martint
Sat Jul 13, 2019 4:02 pm
Forum: Non-US Investing
Topic: Questions from an italian newbie
Replies: 17
Views: 1384

Re: Questions from an italian newbie

Hi trinca92, So refreshing to see Italians (and very young ones!!) in this game.. I agree with most that's been already said, and your 90-10 IWDA-EIMI sounds a very sensible approach for your equities.. What about your bond component? Since there are not a great deal of Italian resources out there,...
by martint
Tue Jul 09, 2019 8:46 pm
Forum: Personal Investments
Topic: Solo 401k Mega Backdoor Roth
Replies: 2
Views: 227

Solo 401k Mega Backdoor Roth

Apologies if this has been asked and answered before. Are there any free check-the-box solo 401k (single owner no employees) offering that allow the mega Backdoor Roth provisions? I know Etrade has a solo 401k offering with some ability to customize the plan documents. Has anyone successfully used t...
by martint
Sun Jul 07, 2019 11:46 am
Forum: Personal Consumer Issues
Topic: Paying off mortgage - need to break CD's - how
Replies: 3
Views: 480

Re: Paying off mortgage - need to break CD's - how

You just login to your account and close the CD. Takes about a day IIRC...
by martint
Sat Jun 15, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: calculating capital gains on child asset
Replies: 8
Views: 741

Re: calculating capital gains on child asset

TCJA modified the Federal kiddie tax for 2018 and beyond. It’s now based on trust brackets. I believe for 2019 it is (plagerized from elsewhere on this forum) Basic 2019 Kiddie tax brackets: * $1100 Unearned income standard exemption (no earned income) no tax. * $1100 Dependent's tax bracket, 10% or...
by martint
Thu May 30, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: How to save on prescription drug costs?
Replies: 60
Views: 5219

Re: How to save on prescription drug costs?

I have used GoodRx for my last 2 prescriptions. Celebrex from $205.- down to $38.- for 3 month supply Cancer meds from $86.- down to $40.- also for 3 month (You can get the meds even cheaper if you join their monthly membership, around 10.- or so) Go on-line, type in the name to find out which phar...
by martint
Wed May 29, 2019 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Help parents with house
Replies: 33
Views: 2598

Re: Help parents with house

I would buy and rent to them at below market rate. Why? Because then you can claim it as a second home and take the deductions of a second home that MAY be higher than your ability to deduct on a rental. What? A second home would let me deduct the mortgage interest. The mortgage interest rate would...
by martint
Wed May 29, 2019 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Italian traffic fine with U.S. debt collector
Replies: 60
Views: 7166

Re: Italian traffic fine with U.S. debt collector

It’s my understanding a foreign traffic ticket cannot be put on your credit report. There is zero probability this would cause Schengan entry/exit problems. You said you moved, right? So there’s a very small probability an Italian traffic officer in Siena would tie John Smith, Siena ZTL violator, 12...
by martint
Mon May 13, 2019 9:44 pm
Forum: Personal Consumer Issues
Topic: a week in Italy(first time)
Replies: 53
Views: 4627

Re: a week in Italy(first time)

Firenze (Sta. Maria Novella) to Pisa Centrale is a regional train with multiple departures every hour. When you arrive in Pisa, look at the timetable at the end of the platform so you know when to come back. Some of the regional trains are faster than others but looks like it’s roughly 2 hours and ...
by martint
Mon May 13, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Help parents with house
Replies: 33
Views: 2598

Re: Help parents with house

Just my opinion, but I would stay away from your buying the house and renting to them. Neither would I do #3 and get entangled in family/complexity. I would lean towards #1 - assuming a suitable house (for their needs years into the future) can be found. It is impermissible for a lender to discrimi...
by martint
Mon May 13, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Help parents with house
Replies: 33
Views: 2598

Re: Help parents with house

smitcat wrote:
Mon May 13, 2019 11:54 am
Are you an only child or are there other siblings?
I’m the only heir. It’s a complex situation.
by martint
Mon May 13, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Help parents with house
Replies: 33
Views: 2598

Re: Help parents with house

Did you mean to say that a compatible house would be $400k or a comparable house? If the latter, have they looked at downsizing? Condos? That is what I was wondering. They should buy (or rent) something they can afford. I don't see how the option of you buying it and charging them market rent makes...
by martint
Mon May 13, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Help parents with house
Replies: 33
Views: 2598

Re: Help parents with house

sailaway wrote:
Mon May 13, 2019 11:45 am
Did you mean to say that a compatible house would be $400k or a comparable house? If the latter, have they looked at downsizing? Condos?
Yes, compatible. They are downsizing. They currently live in a 4 bedroom + 3 bathroom house and would downsize to a 2 bedroom house or condo.
by martint
Mon May 13, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Help parents with house
Replies: 33
Views: 2598

Help parents with house

My parents are considering relocating to be closer to us, and I’m looking at alternatives for housing for them... They would sell their primary residence before moving. Let’s just say in round numbers they would net $200k (no tax) and a compatible house in the area they are moving to would be $400-$...