Search found 107 matches

by oslocal
Wed Sep 18, 2019 12:47 pm
Forum: Personal Consumer Issues
Topic: Can an 18 x 18 tile be cut to a smaller size?
Replies: 11
Views: 974

Re: Can an 18 x 18 tile be cut to a smaller size?

I had my tile guy install elongated marble tiles on the walls while I had 12x12 on the floor. I couldn't find the type I wanted so I had my tile guy cut the 12x12 into smaller pieces. Due to the cutting action I got 3 tiles each about 3.5x12 for each.
by oslocal
Tue May 14, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Open enrollment mid-year and qualifying events
Replies: 3
Views: 257

Open enrollment mid-year and qualifying events

Three questions: 1. My wife's employer uses a July-June benefits year, however it appears that the medical deductibles are still calculated on a calendar year basis. Is this common? 2. If I take her off of my insurance during my open enrollment window in December, is that a qualifying event for her ...
by oslocal
Mon Apr 15, 2019 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: credit on home purchase: take off sale price or closing costs?
Replies: 6
Views: 399

Re: credit on home purchase: take off sale price or closing costs?

Reducing purchase price may increase capital gains taxes due if your home appreciates more than the personal exclusion (currently $250k/$500k single/MFJ) and you sell it down the road.
It may also affect your neighborhood's real estate prices as a slightly lower comp.
by oslocal
Sun Apr 07, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Ex Employer contributed to HSA
Replies: 1
Views: 186

Ex Employer contributed to HSA

My wife left her job around September last year and stayed on COBRA at ~$700 per month due to having already met her OOP maximum. During the open enrollment window, I enrolled her on my employer's plan and started contributing to a family HSA. So far so good. I'm not sure if it's normal or not, but ...
by oslocal
Tue Apr 02, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: 529 tax hack if you plan to expatriate?
Replies: 24
Views: 2372

Re: 529 tax hack if you plan to expatriate?

I don't think you can claim the standard deduction unless you're a resident.
by oslocal
Tue Mar 26, 2019 1:53 pm
Forum: Personal Investments
Topic: Slice/dice - tax considerations
Replies: 2
Views: 220

Slice/dice - tax considerations

Most of our funds are kept in tax sheltered accounts, and until recently we have kept most of our taxable funds in money market funds and used to fund living expenses in order to maximize pre-tax and roth contributions. At this point, we're going to have about 15% of our portfolio in taxable and wan...
by oslocal
Thu Mar 21, 2019 6:13 pm
Forum: Investing - Theory, News & General
Topic: Concern with using TS in taxable
Replies: 6
Views: 626

Re: Concern with using TS in taxable

If we subscribe to efficient markets hypothesis, we would expect arbitrageurs and quant funds pick up the slack to earn the "outsized" return if their popularity decreases.
by oslocal
Thu Mar 21, 2019 5:13 pm
Forum: Personal Investments
Topic: 3% on Checking - Redneck Bank, not a joke
Replies: 19
Views: 3593

Re: 3% on Checking - Redneck Bank, not a joke

Here are both pros and cons (pitfalls). Let's suppose your Panera Bread breakfasts average $10, then you are spending $100 at Panera Bread in order to receive an interest differential of 0.8% over a savings account. 0.8% on $10k equals $6.67 per month, which equals about $4.50 after a 32.5% marginal...
by oslocal
Wed Mar 13, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Mortgage Interest Deduction - Buy/Sell Home
Replies: 9
Views: 1256

Re: Help with Mortgage Interest Deduction - Buy/Sell Home

Caveat: I'm not a tax professional, so my opinion is how I would view the case as a commoner. Option B is probably the way to go. I think if you pick either beginning of the month or end of the month you would end up with a more sensible result. It doesn't specify, so presumably you could pick eithe...
by oslocal
Wed Mar 13, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Interest Deduction - Calculating Average Loan Value for Mortgage over $750k
Replies: 12
Views: 1023

Re: Mortgage Interest Deduction - Calculating Average Loan Value for Mortgage over $750k

I just read your other thread. It appears that your "problem" is that your old loan had a much higher interest rate than your new loan - or you paid more interest than you accrued during the year on the old one and less on the new one. I.e. you paid 12.5 months of interest (12 in dec-nov, and a half...
by oslocal
Tue Mar 05, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgages
Replies: 34
Views: 3315

Re: Mortgages

I'm seeing 3.125% Jumbo 5/1 ARM with credits that offset all of the real closing cost as well as some of the prepaid interest. ~750 FICO. It says 4.317% APR although I consider APR meaningless since it assumes I will allow my rate to reset and pay on this loan for 30 years. (Indexed rate is currentl...
by oslocal
Thu Feb 21, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth and 1099-R taxable income
Replies: 11
Views: 2346

Re: Mega Backdoor Roth and 1099-R taxable income

I received one of these from Vanguard and one of these from Schwab. The Vanguard one puts a number in box 2a, but Schwab leaves it blank. (Both companies report the basis in box 5) I used an H&R Block Tax Pro this year (number of new situations), and he appears to have an issue with his software goi...
by oslocal
Thu Feb 21, 2019 1:20 am
Forum: Personal Finance (Not Investing)
Topic: Closing a HSA
Replies: 11
Views: 1290

Re: Closing a HSA

You could move all your money except a small amount and then reimburse yourself the rest for an actual medical expense.
by oslocal
Tue Feb 12, 2019 7:40 pm
Forum: Personal Investments
Topic: Holding Admiral Shares with ML Edge
Replies: 49
Views: 8131

Re: Holding Admiral Shares with ML Edge

Has there been much of an update on this? In the process of transferring securities from Vanguard I got an error message for the following: VGRLX - (VNQI equivalent) VFSAX - (the new VSS admiral shares class) However all other holdings I entered work. If I can select dividend reinvestment, will it b...
by oslocal
Mon Feb 11, 2019 7:08 pm
Forum: Personal Investments
Topic: Vanguard 401k to IRA in-kind success - When can we upgrade/consolidate to brokerage acct.?
Replies: 2
Views: 207

Re: Vanguard 401k to IRA in-kind success - When can we upgrade/consolidate to brokerage acct.?

I thought VG wanted all new IRA accounts to be in the brokerage platform, so why would they open mutual fund IRAs instead of brokerage IRA accounts to receive these direct rollovers? Particularly since the VBO was already in a brokerage account. Of course, this can be fixed by doing non reportable ...
by oslocal
Wed Feb 06, 2019 5:09 pm
Forum: Personal Investments
Topic: Tax status of Vanguard's Federal Money Market Fund
Replies: 12
Views: 3469

Re: Tax status of Vanguard's Federal Money Market Fund

Not all of it. The 50% is the threshold to exclude any of it. Above 50% you can exclude the applicable interest. In this case if you earned $100 in interest, only $22.21 would be taxable in California.

Prime Money market is around 20%, which is below 50% so nothing can be excluded in California.
by oslocal
Wed Feb 06, 2019 4:46 pm
Forum: Personal Investments
Topic: Vanguard 401k to IRA in-kind success - When can we upgrade/consolidate to brokerage acct.?
Replies: 2
Views: 207

Vanguard 401k to IRA in-kind success - When can we upgrade/consolidate to brokerage acct.?

My wife recently completed an in-kind rollover from a Vanguard administered 401(k) with both regular/pre-tax and roth money in it - additionally some of the regular/pre-tax money was inside a VBO (self-directed vanguard brokerage option). It was a somewhat confusing process in that they understood w...
by oslocal
Thu Jan 31, 2019 2:36 pm
Forum: Personal Investments
Topic: Vangard Index Fund through Merrill Edge
Replies: 28
Views: 5931

Re: Vangard Index Fund through Merrill Edge

I'm trying to understand what the fees are for Vanguard funds in Merrill Edge, I just opened an account and I'm picking out how I want to hold my money there. If I click through the order flow with one of their listed No-Loan No Transaction Fee funds and it shows an indicator: No Load "NTF" If I cli...
by oslocal
Tue Jan 29, 2019 9:36 pm
Forum: Investing - Theory, News & General
Topic: Tax efficiency of margin/deductible interest and foreign tax credit
Replies: 4
Views: 306

Re: Tax efficiency of margin/deductible interest and foreign tax credit

Thank you for this warning. There seems to be no free lunch... However they may be a free breakfast...: I looked up the instructions for form 1116 and I can elect to claim the credit without filing the form if all of it is reported on a 1099 and it's below $600 (filing jointly) Looking at a previous...
by oslocal
Tue Jan 29, 2019 6:49 pm
Forum: Investing - Theory, News & General
Topic: Tax efficiency of margin/deductible interest and foreign tax credit
Replies: 4
Views: 306

Tax efficiency of margin/deductible interest and foreign tax credit

I would like to understand how investment interest would work in conjunction with the foreign tax credit. For liquidity reasons and to maintain optionality, we will be doing a cash out refinance. Due to the limitation on mortgage interest deductibility for non-acquisition debt, I would like to park ...
by oslocal
Thu Jan 24, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Rollover
Replies: 31
Views: 3580

Re: HSA Rollover

I am here with an update, and it is very annoying on HealthEquity's end :annoyed Despite being on chat with them and processing the request for a distribution (annotated and commented by me for Rollover purposes), they froze the transfer and my account, claiming it was "fraud". No communication wit...
by oslocal
Thu Jan 17, 2019 6:24 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327876

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Can I get the $900 transfer bonus to Merrill Edge with a combination of taxable and IRA accounts? Or does it all have to be for one account?
by oslocal
Tue Jan 15, 2019 1:25 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 90
Views: 10003

Re: I Bond fixed rate = 0.5%

New year, new allowance. Like other people, I would love to know what the fixed rate will be in May.
Is there a way with reasonable accuracy to predict what the fixed rate will be say 1 week before, and then make the decision to buy in end of April?
by oslocal
Fri Jan 04, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: 401k -> IRA rollover over Dec.31 and Pro-Rata rule
Replies: 3
Views: 271

401k -> IRA rollover over Dec.31 and Pro-Rata rule

My friend told me he initiated a rollover from his 401k trustee to his IRA before 12/31, however money is not yet showing up in his IRA. He also did a backdoor Roth IRA contribution in 2018. Will the rollover amount count as IRA money on form 8606 and lead to the $5500 of backdoor conversion be subj...
by oslocal
Tue Dec 11, 2018 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out Refi rates lower than regular Refi rates (jumbo vs conforming)
Replies: 1
Views: 226

Cash out Refi rates lower than regular Refi rates (jumbo vs conforming)

I currently have a 5/1 ARM with 1 year left on the fixed portion at 3.125% (3.07% effective after 1% cashback on payments). It's likely to jump to 5.125% on the first reset date. I think now may be a good time to refinance - my banker has given some quotes of today's rates, and I'm fairly sure we're...
by oslocal
Tue Dec 11, 2018 12:29 am
Forum: Personal Consumer Issues
Topic: Electric bill with LED
Replies: 114
Views: 9434

Re: Electric bill with LED

I changed all mine except for one. I did it mainly because I really hate changing light bulbs, and LEDs last for a really long time. I have yet to change one in 5 years. Regarding the laggard, it's a 200w incandescent dimmable. Couldn't seem to find one that fits inside my danish PH 5 lamp, so just ...
by oslocal
Wed Dec 05, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: Murder Mystery Authors
Replies: 117
Views: 14898

Re: Murder Mystery Authors

Boris Akunin's Fandorin series. - They are described as Russia's Harry Potter in popularity. I think around 10 books are translated to English. They are set in late 19th century. Its focus are on Tsarist Russia, but the events are also around the world. I love how all the new inventions are describe...
by oslocal
Thu Nov 29, 2018 4:01 pm
Forum: Personal Investments
Topic: What would you do with $6,000 in gold and silver?
Replies: 40
Views: 3849

Re: What would you do with $6,000 in gold and silver?

If you smile each time you look at it, keep it :)
Since you asked perhaps that is not the case...
by oslocal
Tue Nov 27, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: 25k Bonus - Tax Consequences?
Replies: 20
Views: 2538

Re: 25k Bonus - Tax Consequences?

I asked my HR department about the same and got the following response: For supplemental income (i.e. bonus) they use flat rates: Federal: 22% (37% above $1mm cumulative earnings YTD) SS: 6.2% (0% above 128,400 cumulative earnings YTD) Medicare: 1.45% (2.35% above $200,000 cumulative earnings YTD) C...
by oslocal
Tue Nov 20, 2018 8:47 pm
Forum: Personal Consumer Issues
Topic: When to buy a new Volvo?
Replies: 16
Views: 1758

Re: When to buy a new Volvo?

See if your company has any perks, ideally you qualify for Volvo's A-Plan. That's basically no hassle pricing, although the incentives change a bit from month to month. If you don't qualify for A-Plan, occasionally Costco members temporarily are allowed to use it, however I think they have restricti...
by oslocal
Thu Nov 15, 2018 7:32 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1066
Views: 104505

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I did the same move last year to close an HSA Bank account. No fees on a zero balance closure. My accountant let me know that there's was difference in how he filed the tax return whether the distribution was qualified (for healthcare expenses) or qualified (for a rollover) I'm not sure if that's tr...
by oslocal
Fri Nov 09, 2018 2:36 pm
Forum: Personal Investments
Topic: Help me pick a fund for my HSA in California
Replies: 53
Views: 5683

Re: Help me pick a fund for my HSA in California

JBNV, One consideration is that they don't send you anything to help you track your basis etc. so to the extent you can make your life easier with Treasury investments (incl. TIPS) and they are any part of your AA - that's why people recommend it for your California HSA. If you didn't sell your inve...
by oslocal
Thu Nov 08, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP/HSA Family Plans and Spousal Double Coverage
Replies: 9
Views: 424

Re: HDHP/HSA Family Plans and Spousal Double Coverage

Can you actually contribute the full amount to a family HSA if one of the HDHP covered individuals is covered under a non-HDHP plan? edit: just read the other thread. I learn something every day! Looks like a good idea to me :beer (unless you get sick of course...) But the downside risk doesn't look...
by oslocal
Thu Nov 08, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP/HSA Family Plans and Spousal Double Coverage
Replies: 9
Views: 424

Re: HDHP/HSA Family Plans and Spousal Double Coverage

You're not allowed to contribute to the HSA if she is covered under a health plan that is not a HDHP, so that won't work.

edit:
(this post is incorrect according to later posts.)
by oslocal
Thu Nov 08, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP/HSA Family Plans and Spousal Double Coverage
Replies: 9
Views: 424

Re: HDHP/HSA Family Plans and Spousal Double Coverage

As an example I can provide my situation - (one low user and one heavy user) My employer has average employee cost levels I think (all in per year, much easier to evaluate): HDHP: $1400 EE only, $2600 EE+spouse Company contributes: $650 for EE only, $1300 for EE+spouse Effective 'premium' (minimum c...
by oslocal
Thu Nov 08, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP/HSA Family Plans and Spousal Double Coverage
Replies: 9
Views: 424

Re: HDHP/HSA Family Plans and Spousal Double Coverage

I believe there's a requirement to provide an option for a HDHP, so she should also have that option. The math generally works out for very low users and high users that HDHP/HSA is better than PPO due to the premiums and high max OOP, and certainly if there's a in-network low maximum OOP (i.e. at $...
by oslocal
Thu Nov 08, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Statue of limitations on taking back unvested $ in 401K? What if value of match is now lower than original deposits?
Replies: 12
Views: 1362

Re: Statue of limitations on taking back unvested $ in 401K? What if value of match is now lower than original deposits?

I left my previous employer in July 2015 with 66% of their contributions vested. In January they graciously added 15% of my 2015 compensation as profit sharing even though I no longer worked there. (also 66% vested) In late 2016 (I think October), there was an adjustment called "forfeiture" for the ...
by oslocal
Wed Nov 07, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Cashless warrant exercise - tax consequences?
Replies: 11
Views: 1956

Re: Cashless warrant exercise - tax consequences?

Example: One has 100 warrants of ABC stock that one has owned for a while (long term). The warrants have a basis of $20 each, and entitle the owner to buy ABC for $50/share. At exercise time, ABC is trading for $100/share, and the owner utilizes a cashless exercise provision, as provided for in the...
by oslocal
Thu Nov 01, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 90
Views: 10003

Re: I Bond fixed rate = 0.5%

Thanks! I will prioritize making a late November purchase.

For purchasing bonds with your tax refund, can you simply submit a payment with your extension application or does it have to come from estimated payments and withholding?
by oslocal
Tue Sep 25, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Converted IRA below basis, should I convert 401k money?
Replies: 10
Views: 704

Re: Converted IRA below basis, should I convert 401k money?

Opinions vary on this. Some say it is not gone. One way to make sure it is not gone is to roll $500 from the 401k to IRA and convert it before the end of the year. That will use up the rest of your basis. However, if you are still working there, you may not have the ability to roll anything from th...
by oslocal
Tue Sep 25, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Converted IRA below basis, should I convert 401k money?
Replies: 10
Views: 704

Re: Converted IRA below basis, should I convert 401k money?

PFInterest wrote:
Tue Sep 25, 2018 4:08 pm
It's gone.
How did you lose money these past 3 years?
By being foolish! I put the first $5,500 into lending club and also paid account fees on it. Only got around to getting it into Vanguard this year.
by oslocal
Tue Sep 25, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Converted IRA below basis, should I convert 401k money?
Replies: 10
Views: 704

Converted IRA below basis, should I convert 401k money?

I converted 3 years of Traditional Non Deductible IRA this year.
Total contributions were $16,500, the amount converted was $16,006.59 (493.41)
What happens to this "loss"? Does it carry forward?
If it does not carry forward, can I apply it towards a 401k in-plan conversion of the same amount?
by oslocal
Thu May 31, 2018 1:56 pm
Forum: Personal Investments
Topic: Series I Bonds in April/May 2018
Replies: 69
Views: 11754

Re: Series I Bonds in April/May 2018

You can if you really want to. It would make you an extra $12.50 assuming 1.5% interest. Maybe give yourself a couple of days leeway, no need to push for that extra 40 cents and risk the additional ~$7 in higher interest that compounds on the I bonds as well as starting the clock for no penalty with...
by oslocal
Tue May 29, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 147
Views: 19856

Re: New Car: Ever make sense to lease?

Here's my history of owning cars from a financial standpoint and a few different classes of car. 2005-2008, Owned a 1996 Ford Explorer, paid $5,500, sold for $2,000, + ~$1,500 in repairs, total cost of owning = ~$5,000 or ~$1,667 per year for a cheap and very old crappy car 2008-current, 2008 Ford E...
by oslocal
Mon May 07, 2018 4:40 pm
Forum: Personal Investments
Topic: How to access Canadian options?
Replies: 1
Views: 341

Re: How to access Canadian options?

Interactive Brokers probably.
by oslocal
Fri Apr 13, 2018 1:25 pm
Forum: Personal Investments
Topic: Guaranteed 9% annualized return?
Replies: 26
Views: 2864

Re: Guaranteed 9% annualized return?

the return should be annualized. Since the 3.875% is calculated monthly, any pre-payments also compounds monthly. So the actual return should be 3.94%. That's it, end of story. No more magic. The odd thing seems to be that your next payment now is more principal than it otherwise would have been, bu...
by oslocal
Wed Apr 11, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Is rebalancing with new money only superior?
Replies: 17
Views: 1446

Re: Is rebalancing with new money only superior?

Maybe I misunderstood Bernstein, but it seems to me that doing so at least accomplishes teaching yourself to keep investing and buying your losers. This hopefully should enable you to better stay the course. Additionally I think it mutes the emotional reaction that would result if one holding droppi...
by oslocal
Wed Apr 11, 2018 1:07 pm
Forum: Personal Investments
Topic: Vanguard vs TIAA
Replies: 58
Views: 10974

Re: Vanguard vs TIAA

I echo other posters on taking your time before making a decision. As a data point for you, I think if I had your choice I would ultimately go with Vanguard because of my other circumstances. My wife and I have Roth IRA and Taxable accounts at Vanguard, and she has her 401k at Vanguard, and it's ve...