Search found 629 matches

by njboater74
Wed Mar 07, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Should I "get divorced" for tax purposes (PSLF)
Replies: 57
Views: 4154

Re: Should I "get divorced" for tax purposes (PSLF)

There are also other financial concerns aside from tax. Health Insurance - you won't be eligible for your spouse's plan anymore. So you'll both have to pay on your separate plans. If you're both eligible for group plans, I'm sure one is better. Car Insurance - you often get discounts when putting yo...
by njboater74
Wed Mar 07, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Should I "get divorced" for tax purposes (PSLF)
Replies: 57
Views: 4154

Re: Should I "get divorced" for tax purposes (PSLF)

1. Roth IRA contributions: By filing separately, we cannot make Roth IRA contributions because we are over the $10,000 income threshold. Looking into recharacterizing Roth contributions I made this year and then doing backdoor Roth in future, but this seems like extra work since we are both within ...
by njboater74
Tue Feb 13, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 13016

Re: Did you learn anything from the market correction?

nisiprius wrote:
Tue Feb 13, 2018 7:30 am
P.S. Am I the only person who sees a phrase like "eight year bull run" and thinks "first battle of the Civil War?" (Revealing myself as a Yankee, of course...)
an 8 year Manassas?
by njboater74
Thu Feb 08, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: Who has had a pool?
Replies: 79
Views: 5019

Re: Who has had a pool?

I bought a house with an inground pool. Some say a pool doesn't add value, and maybe that's true in the aggregate, but personally, I know I paid a premium to get a house with a pool. It was worth it for me. It's a great experience for kids. They love having their friends come over and it's a great o...
by njboater74
Tue Feb 06, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Ineligibile Roth Contributions
Replies: 9
Views: 526

Re: Ineligibile Roth Contributions

Yes, the IRS often doesn't pick this up right away, but there's a decent chance they will eventually. Has your friend even been declaring his Roth IRA contributions with their returns? It's not a big deal. Have you friend withdraw the excess contributions immediately, then file form 5329 for each ye...
by njboater74
Fri Jan 26, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Frontloaded 2018 Roth IRA, got a taxable event 3 weeks later putting me over contribution limit. What to do?
Replies: 5
Views: 758

Re: Frontloaded 2018 Roth IRA, got a taxable event 3 weeks later putting me over contribution limit. What to do?

FiveK wrote:
Fri Jan 26, 2018 4:04 pm
njboater74 wrote:
Fri Jan 26, 2018 3:28 pm
I think the new tax bill also restricts your ability to recharacterize, so that may not be an option.
Recharacterizing conversions has been disallowed, but recharacterizing contributions is still ok.
Didn't know that distinction. Thanks!
by njboater74
Fri Jan 26, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Frontloaded 2018 Roth IRA, got a taxable event 3 weeks later putting me over contribution limit. What to do?
Replies: 5
Views: 758

Re: Frontloaded 2018 Roth IRA, got a taxable event 3 weeks later putting me over contribution limit. What to do?

I screwed up I guess. All of the previous years I've been comfortably under the Roth IRA contribution limits, so typically I like to frontload my Roth IRA contributions as soon as I can. So this year as usual I frontloaded my 2018 Roth IRA contribution at the beginning of the month. Well, I also ha...
by njboater74
Sun Dec 31, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Building Emergency Fund - Where to put money
Replies: 16
Views: 1378

Re: Building Emergency Fund - Where to put money

I don't really understand the need for an emergency fund when equities/bonds are very liquid investments. In the accumulation phase, is it not better just to pile into your investments? 6 months sounds extreme in any case. Sometimes the circumstances that necessitate accessing your emergency fund a...
by njboater74
Sun Dec 31, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund, Muni Bonds, Taxable vs Mega Backdoor
Replies: 3
Views: 582

Re: Emergency Fund, Muni Bonds, Taxable vs Mega Backdoor

Yes, it makes sense to have a multi-tiered emergency fund. I keep 3 months in cash, and 6 months in bonds in a taxable account. I also consider the 6 months of bonds in my taxable account as part of my asset allocation. My logic - I'm going to hold bonds as part of my asset allocation anyway, why no...
by njboater74
Sun Dec 31, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Making Roth Conversion Today - how will it be treated?
Replies: 30
Views: 1826

Re: Making Roth Conversion Today - how will it be treated?

It is a big deal if the extra $1000 throws you into IRMAA! Yep, there are all sorts of thresholds that you can inadvertently cross over if you don't plan out year end distributions properly. I played it safe and came in under. Two of the funds - FIBAX and FSBAX post year-end distributions early in ...
by njboater74
Sat Dec 30, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: tax efficiency Fidelity funds
Replies: 10
Views: 1599

Re: tax efficiency Fidelity funds

FBIFX consists of of 4 funds:
Fund Name - Tax Cost Ratio
FSTVX - .83
FSGDX - .83
FSITX - 1.09
FIHTX - n/a

FIHTX is only 1% of the fund, so I don't know how Morningstar arrives at a Tax Cost Ratio of .56 when the underlying funds all have higher TCRs. That would seem impossible to me.
by njboater74
Sat Dec 30, 2017 5:53 pm
Forum: Personal Consumer Issues
Topic: New Job Offer Dilemma
Replies: 20
Views: 1888

Re: New Job Offer Dilemma

I would be very hesitant to joining any company that I felt was not doing well, pending buyout or not. The pending buyout only makes it worse. Don't worry about the promised promotion, you'll get your chance to prove yourself to the new leadership. That's how it always works. And while you don't nec...
by njboater74
Sat Dec 30, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for Year End Distributions for Roth Conversion
Replies: 3
Views: 277

Re: Planning for Year End Distributions for Roth Conversion

I was doing something similar with 3 different taxable accounts and filled out a tax return (see: https://www.bogleheads.org/forum/viewtopic.php?p=3684517#p3684517 ) My mutual funds paid distributions the week before. The ETFs I owned went ex-dividend with the payouts on 12/29, so their exact amoun...
by njboater74
Sat Dec 30, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Making Roth Conversion Today - how will it be treated?
Replies: 30
Views: 1826

Re: Making Roth Conversion Today - how will it be treated?

Given that the recharacterization is going away, any thoughts on a strategy to better predict what the year end distributions will be, given that some will be declared on the last day of trading? Estimate as close as you can as late in the year as possible. Then don't worry about a $1,000 shortfall...
by njboater74
Sat Dec 30, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for Year End Distributions for Roth Conversion
Replies: 3
Views: 277

Planning for Year End Distributions for Roth Conversion

My father currently has about $100k in a Rollover IRA, and is converting an amount of the IRA to a Roth IRA every year. The amount is based on how much he can convert without paying tax. His income places him in the 0% tax bracket. In the beginning of December, it looked like he could have had an ad...
by njboater74
Sat Dec 30, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Making Roth Conversion Today - how will it be treated?
Replies: 30
Views: 1826

Re: Making Roth Conversion Today - how will it be treated?

I was looking to convert as much of a traditional to roth as possible without going into the next tax bracket (currently at 0%, for my retired parents). I overestimated what the year end distributions would be from their funds. When the actual distributions were announced, there was about another $1...
by njboater74
Sat Dec 30, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Joined the club
Replies: 4
Views: 603

Re: Joined the club

Well done! Slow and steady wins the race.
by njboater74
Sat Dec 30, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Making Roth Conversion Today - how will it be treated?
Replies: 30
Views: 1826

Making Roth Conversion Today - how will it be treated?

I'm considering doing a Traditional to Roth conversion today.

Since today is a Saturday in 2017, and the next business day is January 2 in 2018, will the conversion count against 2017 or 2018?

Is it based on the day I request the conversion? Or when Fidelity processes the conversion?
by njboater74
Tue Oct 10, 2017 7:08 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?
Replies: 50
Views: 4737

Re: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?

Going to split like the following so I don't have to deploy all that cash. Have some big purchases coming up. Taxable $150,581 - FSTVX $112,432 - FTIPX $58,500 - VTEB Roth $23,143 - FSITX 401k $239,556 - BSPIX (ER .11) $58,500 - PTTAX (ER .85) Here was the original below. Taxable $150,581 - FSTVX $...
by njboater74
Mon Oct 09, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: What is a “bond bubble”?
Replies: 35
Views: 3989

Re: What is a “bond bubble”?

It depends on the type of bond. For Treasuries and CDs, where there is no diversification benefit from a fund, many prefer to buy directly. On the contrary, there's a lot of diversification benefit for a Treasuries fund over a single Treasury bond! While Treasuries have (practically) no credit risk...
by njboater74
Mon Oct 09, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?
Replies: 50
Views: 4737

Re: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?

I bought my first chunk of VTEB ($55K) according to Option 2 Would it ever make sense to keep a portion in PTTRX (401K)+ VTEB in taxable .... Reason I ask is that would give me exposure to Muni's in taxable and Government Bonds in the 401K? Would it ever make sense to keep a portion of Bond - PTTRX...
by njboater74
Mon Oct 09, 2017 10:00 am
Forum: Investing - Theory, News & General
Topic: What is a “bond bubble”?
Replies: 35
Views: 3989

Re: What is a “bond bubble”?

That makes me think then that a ladder of individual bonds might be superior for capital preservation than a bond fund. One thing I know about Bogleheads is that they strongly dislike buying bonds directly. It depends on the type of bond. For Treasuries and CDs, where there is no diversification be...
by njboater74
Mon Aug 14, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Changes, Need Help!
Replies: 14
Views: 1220

Re: Portfolio Changes, Need Help!

EE and I Bonds are tax-deferred. Other US Treasury Bonds and Bond Funds are still subject to federal income tax, in case you decide to go that route. I wouldn't agree that Muni funds are investing in a single 'sector'. VWITX contains thousands of bonds from municipalities and states across the count...
by njboater74
Mon Aug 14, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: SP500/Total Stock Market
Replies: 23
Views: 2080

Re: SP500/Total Stock Market

That's a very cherry picked period. There were two severe bear markets in the time frame, and no recovery from the second one.

Look at the returns from 2009-present. Tells a very different story. Think longer term.
by njboater74
Mon Aug 14, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: SP500/Total Stock Market
Replies: 23
Views: 2080

Re: SP500/Total Stock Market

Total Stock Market is approximately 83% S&P 500, 17% everything else. The returns of the S&P 500 should be fairly close to TSM.

Did you read about low expected returns for the next 10 years? Or low returns for the past 10 years?
by njboater74
Mon Aug 14, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account at Vanguard or Fidelity.
Replies: 9
Views: 1448

Re: Taxable account at Vanguard or Fidelity.

This is an older thread, but at one point, Vanguard may have had issues transferring Admiral Class shares to another custodian.

viewtopic.php?t=72548
by njboater74
Mon Aug 14, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Changes, Need Help!
Replies: 14
Views: 1220

Re: Portfolio Changes, Need Help!

This would serve 3 purposes. For the ROTH IRA, it would allow me to grow my portfolio even more after tax. For the bond fund in a taxable a account it will serve 2 functions. Both as my bond fund and also as extended cash reserves. For my 401k I will still stay with the Balanced Index Fund. This is...
by njboater74
Mon Aug 14, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account at Vanguard or Fidelity.
Replies: 9
Views: 1448

Re: Taxable account at Vanguard or Fidelity.

Yes, I'd ask Vanguard directly about transferring Admiral class shares. It seems like people on this forum have had different experiences. I wouldn't ask Fidelity, as the decision to allow Admiral class to transfer would be Vanguard's. Fidelity doesn't have as good a lineup for munis as Vanguard's, ...
by njboater74
Mon Aug 14, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Changes, Need Help!
Replies: 14
Views: 1220

Re: Portfolio Changes, Need Help!

What do you currently have invested in your taxable account? What's your current tax rate? What other options do you have in your Roth 401k?
by njboater74
Mon Aug 14, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account at Vanguard or Fidelity.
Replies: 9
Views: 1448

Re: Taxable account at Vanguard or Fidelity.

There could be some issues. While you can generally transfer investments in-kind, I don't believe Vanguard will allow you to transfer their Admiral Class shares over to Fidelity. If you had Vanguard ETFs, those should transfer no problem and would only be subject to the Fidelity commission, which is...
by njboater74
Fri Aug 11, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Munis at Fidelity: FTABX or VTEB?
Replies: 41
Views: 4682

Re: Munis at Fidelity: FTABX or VTEB?

You should familiarize yourself with the 6-month rule associated with tax-exempt investment vehicles. FTABX accumulates its dividends daily; I believe that VTEB does as well although you'd have to read the prospectus. The ETFs mentioned above do not (MUB). The Wiki has a very nice synopsis on pecul...
by njboater74
Thu Aug 10, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?
Replies: 50
Views: 4737

Re: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?

If I go the VTEB route in taxable, i am reading about DRIP. How does this work? Someone mentioned it would throw off tax lots It would create more tax lots. For every distribution, the distribution would be used to purchase more shares of your fund, even partial shares. If you held VTEB for 10 year...
by njboater74
Thu Aug 10, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Munis at Fidelity: FTABX or VTEB?
Replies: 41
Views: 4682

Re: Munis at Fidelity: FTABX or VTEB?

Lets say we buy $100K in VTEB with Fidelity in 1 transaction at $4.95 and then sell in 5-10 years where it has increased to $108K. What would be the fee for selling that fund? Now lets use the same numbers with FTABX and MUB that don't have a $4.95 fee. That would be commission when selling at $108...
by njboater74
Mon Jul 31, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?
Replies: 50
Views: 4737

Re: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?

I wouldn't look at yield outside of the context of Total Return. Look at this chart, which shows the price (principal) of the three funds: FTABX, MUB, PTTAX over the past 5 years. Notice that PTTAX has gone down substantially when compared with FTABX and MUB. This does not take into account that PTT...
by njboater74
Mon Jul 31, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?
Replies: 50
Views: 4737

Re: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?

It's after expenses. You can go to a fund's page on morningstar.com and compare that fund to any other over a certain date range. http://quotes.morningstar.com/chart/fund/chart?t=PTTAX®ion=usa&culture=en_US Did I calculate this correctly on Yearly Return Per100K investment? (I know I need to ded...
by njboater74
Mon Jul 31, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?
Replies: 50
Views: 4737

Re: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?

No, there's nothing that you can use to get a future 5-15 year anticipated look at bond funds. The reason as that a bond funds performance is based on Total Return . 30-day SEC yield gives you a good idea about what yields are today, but it doesn't tell you what your fund will get you in the future....
by njboater74
Sun Jul 30, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Advice for Picking 403 Company
Replies: 6
Views: 757

Re: Advice for Picking 403 Company

You mention hidden fees. Do you have the plan's prospectus? That would outline what the fees are, but they bury them in there as well. Do you have a list of the investment options available in the 4 different providers? Fortunately, these 4 aren't insurance companies, but they are still fairly expen...
by njboater74
Sat Jul 29, 2017 8:43 pm
Forum: Personal Consumer Issues
Topic: Pool maintenance - which chemicals and how much?
Replies: 7
Views: 799

Re: Pool maintenance - which chemicals and how much?

Chlorine is the sanitizer for all pools. Even for 'salt water' pools. They're really salt water chlorine generators that produce the chlorine that does the sanitizing. Since you have a small, temporary pool, don't bother with salt. It's not worth the expense of setting up the generator. For your poo...
by njboater74
Fri Jul 28, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Awarded stock; sell and diversify?
Replies: 27
Views: 1790

Re: Awarded stock; sell and diversify?

Yes, I would sell. You already have a lot invested in your company's success in the form of your earnings.
by njboater74
Thu Jul 27, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Should emergency funds be included in AA?
Replies: 45
Views: 3637

Re: Should emergency funds be included in AA?

I do, but I keep a portion of my emergency fund in bonds, so it makes sense for me.
by njboater74
Thu Jul 27, 2017 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: 403b vs. Taxable account
Replies: 8
Views: 868

Re: 403b vs. Taxable account

Here's a good place to get started on taxes. https://www.bogleheads.org/wiki/Tax_basics There are different kinds of tax-advantaged accounts, such as 401k, 403b, 457, IRA. They are all very similar, but differ somewhat based on the workplace (403b and 457 are for government employees, typically), an...
by njboater74
Wed Jul 26, 2017 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: 403b vs. Taxable account
Replies: 8
Views: 868

Re: 403b vs. Taxable account

Fidelity is an excellent option. My wife was in a similar situation. AXA reps came and signed her, and many other teachers, up for their expensive variable annuities. When she asked her HR what options they had, they didn't even know. Fortunately, Fidelity was one of the options and she was able to ...
by njboater74
Wed Jul 26, 2017 6:52 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?
Replies: 50
Views: 4737

Re: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?

It's after expenses. You can go to a fund's page on morningstar.com and compare that fund to any other over a certain date range.

http://quotes.morningstar.com/chart/fun ... ture=en_US
by njboater74
Tue Jul 25, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?
Replies: 50
Views: 4737

Re: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?

Yes, it's possible that selling MUB could trigger capital gains. If interest rates have gone down, then the principal will have gone up. Most of the earnings from bond funds come from distributions, not a rise in principal. But it is a risk. You need to weigh it against the cost of paying $4.95 ever...
by njboater74
Tue Jul 25, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?
Replies: 50
Views: 4737

Re: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?

I'm not sure it works that way. PTTAX should make more, because it's taking on more risk. That's why I was saying a more apples to apples comparison would be to compare PTTAX to 17% FSTVX/83% VTEB
by njboater74
Tue Jul 25, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?
Replies: 50
Views: 4737

Re: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?

I don't think you need both VTEB and FTABX. Either will provide broad exposure to the national municipal bond market. If you're planning on using VTEB, and making monthly contributions, you can make those contributions into MUB and then 1 or twice a year, move all of your holdings into MUB into VTEB...
by njboater74
Tue Jul 25, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?
Replies: 50
Views: 4737

Re: Fidelity Taxable - Tax Exempt Bond Options? Short or Mid Term?

--The principal of the fund goes down based on it's duration of 7 years. When you purchase do you start at year 0? Not really. With bond funds, there's no maturity date. The fund keeps cycling through their funds and buying new bonds to match the objective of the fund. The duration is based off of ...