Search found 1100 matches

by ivk5
Thu May 21, 2020 3:09 pm
Forum: Personal Investments
Topic: Requesting advice: Ed Jones (taxable) to Vanguard for folks in mid-90s
Replies: 32
Views: 2172

Re: Requesting advice: Ed Jones to Vanguard for folks in mid-90s

For example, if the Edward Jones account is tax-deferred, start withdrawing funds now at the lower MFJ tax rate and placing them in a regular brokerage account so that the survivor could draw those funds mostly tax free. For funds not immediately needed to pay expenses, isn’t Roth conversion strict...
by ivk5
Tue May 19, 2020 2:13 am
Forum: Personal Investments
Topic: Requesting advice: Ed Jones (taxable) to Vanguard for folks in mid-90s
Replies: 32
Views: 2172

Re: Requesting advice: Ed Jones to Vanguard for folks in mid-90s

For example, if the Edward Jones account is tax-deferred, start withdrawing funds now at the lower MFJ tax rate and placing them in a regular brokerage account so that the survivor could draw those funds mostly tax free. For funds not immediately needed to pay expenses, isn’t Roth conversion strict...
by ivk5
Mon May 18, 2020 9:43 am
Forum: Personal Investments
Topic: Moving from Treasuries to CDs
Replies: 19
Views: 1195

Re: Moving from Treasuries to CDs

What is the goal of your fixed income holdings? Are you seeking yield, or are you primarily interested in reducing volatility in your overall portfolio? Reducing volatility for the most part. I dont generally reach for yield but it seems like 1.3% with 7mo duration is better than .67% with a 7yr du...
by ivk5
Mon May 18, 2020 5:37 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3969

Re: Dual citizen, USA passport expiring, how to travel internationally

As others pointed out getting out of the counry isn't the issue, it is getting back in! Incorrect. As I have pointed out already, getting out of the country IS the issue as well. If you are a US citizen, you have leave the country with a valid US passport. This person's passport expires in July, an...
by ivk5
Wed May 13, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2643

Re: Deferred Compensation Money Gets Taxed

I'm looking at this from a very simple, common sense perspective, because the numbers just don't seem plausible: Out of $87.31 taxable income, I was hit with $65.70 tax, which is an effective tax rate of 75%. No amount of rationalizations will make me accept that this is correct or reasonable. Appr...
by ivk5
Wed May 13, 2020 4:03 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2643

Re: Deferred Compensation Money Gets Taxed

So, by using my real numbers*: First of all, you have a copy/paste error on Fed MED/EE - I think that should read $16.55. Have you tried using a paycheck calculator to validate this? Understand that each tax deduction/withholding amount has its own taxable basis - they are not all necessarily the s...
by ivk5
Wed May 13, 2020 2:27 am
Forum: Personal Consumer Issues
Topic: WFW (Work from Wherever)
Replies: 70
Views: 6282

Re: WFW (Work from Wherever)

Tread carefully. Time spent working in another country (even for a US employer) may eventually subject you to personal income tax reporting requirements and possibly liability in the country of your physical presence. It could also trigger liability and/or reporting requirements for your employer, d...
by ivk5
Sat May 09, 2020 3:18 am
Forum: Personal Finance (Not Investing)
Topic: Very Low Student Loan Interest Rate - Invest Instead?
Replies: 34
Views: 1849

Re: Very Low Student Loan Interest Rate - Invest Instead?

Still not lower than risk-free rate (comparable duration treasuries). Assuming you have adequate emergency fund, and are maxing 401k match at least, I’d accelerate loan payoff. Sooner you get that off your back, sooner you will have more career flexibility (lower cash flow needs).
by ivk5
Wed Apr 29, 2020 1:42 pm
Forum: Personal Consumer Issues
Topic: 1-way or round trip for long-term international airfare?
Replies: 15
Views: 896

Re: 1-way or round trip for long-term international airfare?

If one-way fare is not reasonable and you have access to miles or transferrable CC points, you may find a one-way award ticket ideal for this use case.
by ivk5
Mon Apr 13, 2020 6:43 am
Forum: Personal Finance (Not Investing)
Topic: The Best HSA
Replies: 79
Views: 14155

Re: The Best HSA

I have been researching online HSA banks that offer investing since my current one does not. I haven't found much current info about the online HSA's and have been trying to go to each site to compare what they offer. As far as Vanguard options are concerned, Health Equity, HSA Bank and Optum seem ...
by ivk5
Sun Apr 12, 2020 11:14 pm
Forum: Investing - Theory, News & General
Topic: 2020 I Bonds: what's your plan?
Replies: 55
Views: 7431

Re: 2020 I Bonds: what's your plan?

The fixed rate has been unpredictable the last two rate changes. It had tracked half the 5 year TIPS real for a while. But the .5 and .2 follow no real path to prediction. You don't need to be able to predict with precision to have a reasonable guesstimate of likely direction of change. And you don...
by ivk5
Mon Mar 30, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: What is best option for freeing up a lot of cash?
Replies: 30
Views: 1874

Re: What is best option for freeing up a lot of cash?

Doesn't it depend a bit on whether the need you anticipate is $XXX/month or an immediate lump sum?
by ivk5
Wed Mar 25, 2020 11:45 am
Forum: Personal Investments
Topic: Investment that grows long-term without (much) income along the way?
Replies: 10
Views: 459

Re: Investment that grows long-term without (much) income along the way?

I'd buy growth index in taxable and complete it with value index in tax-advantaged.

And +1 to I Bonds (as part of fixed income allocation).
by ivk5
Sat Mar 21, 2020 3:28 pm
Forum: Personal Investments
Topic: I ran out of TLH partners!
Replies: 14
Views: 940

Re: I ran out of TLH partners!

+PBUS/PBSM EDIT: recommendation retracted due to tradeability issues after doing my own TLH-roundtrip into and out of PBUS/PBSM

+swap into intl and do the reverse in tax-advantaged (taking care to avoid substantially equal holdings)
by ivk5
Mon Mar 16, 2020 9:54 am
Forum: Investing - Theory, News & General
Topic: Funny- the difference of 30 days
Replies: 6
Views: 1037

Re: Funny- the difference of 30 days

I am somewhat surprised by the reactions on these forums. So many posters that are usually all about "stay the course" seem to have gone from placid to panic in just a few days. We haven't even hit a 30% drop from the all time high of the S&P500 yet. In part we are seeing different posters active.
by ivk5
Sat Mar 14, 2020 4:39 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting - wash sale rule
Replies: 76
Views: 4642

Re: Tax loss harvesting - wash sale rule

As Doc points out repeatedly, wash sales are not the end of the world. They do, however, complicate calculations. So far, I've avoided them, so I am not sure if Vanguard computes wash sales, or if it is up to an individual's tax software to do so. VG handles it seamlessly if and only if it’s identi...
by ivk5
Fri Mar 13, 2020 3:42 am
Forum: Non-US Investing
Topic: All-world all-cap index ETF traded in Euros?
Replies: 20
Views: 952

Re: All-world all-cap index ETF traded in Euros?

Just to comment- whether accumulating vs distributing makes more sense - ie VWRA vs VWRD - is a function of OP's local tax regime (Malta).
by ivk5
Thu Mar 12, 2020 5:30 am
Forum: Non-US Investing
Topic: All-world all-cap index ETF traded in Euros?
Replies: 20
Views: 952

Re: All-world all-cap index ETF traded in Euros?

Now I see that VWRD is London-based and traded in USD. That is fine with me. No. VWRD is Ireland-domiciled. (Domicile is not necessarily the same as what exchanges an ETF trades on.) See eg https://americas.vanguard.com/institutional/mvc/detail/etf/overview?portId=9505&assetCode=EQUITY##overview On...
by ivk5
Thu Mar 12, 2020 3:48 am
Forum: Non-US Investing
Topic: All-world all-cap index ETF traded in Euros?
Replies: 20
Views: 952

Re: All-world all-cap index ETF traded in Euros?

ETF domicile matters and you’ve received good advice above. Just a small point, though: trading currency should not matter to you at all. Performance will be exactly the same for a GBP-denominated ETF that tracks the same index. Currency conversion at a decent broker should be possible at spot rate ...
by ivk5
Wed Mar 11, 2020 7:16 am
Forum: Personal Investments
Topic: Assuming taxation isn't an issue, can market timing beat buy & hold?
Replies: 15
Views: 995

Re: Assuming taxation isn't an issue, can market timing beat buy & hold?

Note that OP's only prior thread 2 years ago was also devoted to OP's conviction that he/she can beat the market. That one was about selling on the way down and buying back in closer to the bottom. Oh, but it's supposedly not market timing. (See When did the bad news start in 2008? ) Bottom line, OP...
by ivk5
Wed Mar 11, 2020 3:09 am
Forum: Personal Investments
Topic: Assuming taxation isn't an issue, can market timing beat buy & hold?
Replies: 15
Views: 995

Re: Assuming taxation isn't an issue, can market timing beat buy & hold?

You first. Is this a free lunch? If not, what do you think the risks are? What might you be overlooking?
by ivk5
Wed Mar 11, 2020 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance: Whole, Term, None?
Replies: 27
Views: 1217

Re: Life Insurance: Whole, Term, None?

the possible exception is if you have a special needs child that you want to support after you are gone I am not sure about that. After the parent is gone, the kid would only get the face value not the cash value even if the cash value is higher. In case of a disabled child, wouldn't it be better t...
by ivk5
Mon Mar 09, 2020 4:03 pm
Forum: Personal Investments
Topic: Wash sale - Being triggered by monthly purchase
Replies: 10
Views: 389

Re: Wash sale - Being triggered by monthly purchase

I’m in a very similar situation. Is it a problem if I bought VTI in my Roth IRA as well on 3/5/2020 and now want to TLH my brokerage VTI 3/5/2020 lot (as well as previous monthly purchases)? You can sell the VTI in the Roth too, and then you don't have a wash sale concern. I don't think that's a co...
by ivk5
Mon Mar 09, 2020 3:59 pm
Forum: Investing - Theory, News & General
Topic: BND Fell Today
Replies: 143
Views: 12967

Re: BND Fell Today

InvestingGeek wrote:
Mon Mar 09, 2020 3:51 pm
Is there a vanguard bond fund that only holds US treasury instruments of varying maturities? Do people here who are holding US govt instruments use bond funds at all or hold them directly?
Vanguard has Short-, Intermediate-, and Long- Term Treasury Funds, as well as a Treasury Money Market Fund.
by ivk5
Sun Mar 08, 2020 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Is FreeTaxUSA miscalculating my friend's tax return?
Replies: 13
Views: 1215

Re: Is FreeTaxUSA miscalculating my friend's tax return?

Thanks for the responses. There's always something more to learn about our endlessly byzantine tax code. Please don’t take offense. The concept that business expenses are deducted on a dedicated schedule is not advanced or even intermediate; it is rather basic. You also don’t seem to understand the...
by ivk5
Fri Mar 06, 2020 7:41 am
Forum: Non-US Investing
Topic: Seeking for Tax & Broker Advice for Italian resident
Replies: 4
Views: 304

Re: Seeking for Tax & Broker Advice for Italian resident

I don't have first-hand experience but I would suggest searching the forum as there have been some past threads by Italian residents. The Wiki may help with some of the basics as well, eg Investing from Italy. Good luck and welcome.
by ivk5
Thu Mar 05, 2020 10:17 am
Forum: Investing - Theory, News & General
Topic: Mutual Funds Safer than ETFs
Replies: 8
Views: 957

Re: Mutual Funds Safer than ETFs

This may be a misinformed reference to synthetic ETFs as opposed to those that hold the physical underlying. Would that be an ETN? No. They're ETFs that use derivatives to track an index/portfolio. See, eg, https://www.investopedia.com/terms/s/synthetic-etf.asp, https://www.justetf.com/ch/news/etf/...
by ivk5
Thu Mar 05, 2020 5:13 am
Forum: Investing - Theory, News & General
Topic: Mutual Funds Safer than ETFs
Replies: 8
Views: 957

Re: Mutual Funds Safer than ETFs

This may be a misinformed reference to synthetic ETFs as opposed to those that hold the physical underlying.
by ivk5
Wed Mar 04, 2020 8:45 pm
Forum: Investing - Theory, News & General
Topic: 2020 I Bonds: what's your plan?
Replies: 55
Views: 7431

Re: 2020 I Bonds: what's your plan?

Given the recent rate cut and it being election year (and the election is to happen after the November 1 possible rate change), I’m thinking that for anyone intending to buy this year you might as well buy now (well, March 31). What do you think? I will wait until closer to the end of April, but I ...
by ivk5
Mon Mar 02, 2020 4:57 am
Forum: Personal Finance (Not Investing)
Topic: Back door Roth IRA for non-working spouse
Replies: 7
Views: 468

Re: Back door Roth IRA for non-working spouse

I followed this advice and contributed 6k each for me and my spouse to TIRA and then rolled it over to Roth. Low and behold at tax time Turbotax says spouse's Roth conversion is taxable event. Based on my online research I am hearing that this indeed is true since my spouse had no earned income in ...
by ivk5
Sun Mar 01, 2020 2:42 pm
Forum: Investing - Theory, News & General
Topic: Where My 100% Equities Peeps At?!?
Replies: 211
Views: 20887

Re: Where My 100% Equities Peeps At?!?

Jgardner wrote:
Sun Mar 01, 2020 7:23 am
I am 80/20 right now. I'm 43. Next week I'll be selling all my bonds indexes and buying vtsax ETFs. I've been waiting for an opportunity like this. Thoughts???
What did you do when the market was at this level last year?
by ivk5
Fri Feb 28, 2020 7:47 am
Forum: Personal Investments
Topic: tax loss harvesting ?
Replies: 6
Views: 363

Re: tax loss harvesting ?

So I cant tax loss harvest something if I purchased it in the last 30 days? You can if you sell all lots purchased in the last 30 days, and don’t repurchase it for the next 30 days. Otherwise it won’t achieve the desired effect- you’ll have a wash sale, and some or all of the loss will be added to ...
by ivk5
Fri Feb 28, 2020 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Sale of personal residence--Tax question
Replies: 3
Views: 483

Re: Sale of personal residence--Tax question

Might be able to get transcripts of the old returns from the IRS (online, if you have an acct setup with them). I don’t know if there’s a limit to how far back they’ll go.
by ivk5
Thu Feb 27, 2020 3:45 am
Forum: Personal Investments
Topic: Did I mess up my TLH?
Replies: 9
Views: 876

Re: Did I mess up my TLH?

Lots of confusion and misinformation here. OP: you can harvest the losses in lots 2 and 3 (including adjusted basis due to your wash sale) today if you want. For future reference, yes, best would have been to sell all lots purchased in last 30 days at once. No big deal- your wash sale is not an irre...
by ivk5
Wed Feb 26, 2020 6:36 am
Forum: Non-US Investing
Topic: Expat and currency exchange
Replies: 10
Views: 959

Re: Expat and currency exchange

We have had no need to open a foreign bank account and I’m glad because it makes things much more complicated with the IRS if you do. No it doesn't. The IRS doesn't care if you have a foreign bank account. I've been an expat for two decades and my foreign bank accounts cause zero additional work fr...
by ivk5
Tue Feb 25, 2020 11:39 am
Forum: Personal Investments
Topic: Large taxable portfolio - how to maximize charitable giving and minimize loss over long time horizon?
Replies: 25
Views: 2410

Re: Large taxable portfolio - how to maximize charitable giving and minimize loss over long time horizon?

Thanks @marky2kk for your feedback and help! I am indeed targeting 55/45 (market balance) of U.S./ex-U.S. equities, so it sounds like I'm as set as I could be for that. Re insurnace, it's through Chubb. I have: $500k personal liability coverage $120k renters insurance ------------------------------...
by ivk5
Tue Feb 25, 2020 9:49 am
Forum: Personal Investments
Topic: Hyper Tax Efficient Funds
Replies: 52
Views: 3524

Re: Hyper Tax Efficient Funds

Morningstar tax efficiency numbers may be unreliable. See the thread on triceratops's tax efficiency spreadsheet. You could do better than Total Stock Market by splitting value/growth between taxable and tax-advantaged - ie try to push more dividends, especially non-qualified dividends, into tax-adv...
by ivk5
Tue Feb 25, 2020 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Interest only mortgage: the conservative choice?
Replies: 87
Views: 7522

Re: Interest only mortgage: the conservative choice?

Thanks OP for the thought-provoking post. I’ve been a renter, never owned, moved around. But may be settling in a non-recourse state this year, and will have to make similar decision if/when I buy. The wrinkle for me is that I carry a floating rate business loan, based on prime rate (prime - X bps, ...
by ivk5
Tue Feb 25, 2020 4:06 am
Forum: Investing - Theory, News & General
Topic: Bond Yield vs. Money Market Yield
Replies: 19
Views: 2043

Re: Bond Yield vs. Money Market Yield

Didn't see a mention in the thread of reinvestment risk, the oft-forgotten other side of the term risk coin. Longer-duration bonds or funds are more rate-sensitive in the sense that their value will fluctuate more in response to interest rate changes. If you roll shorter-duration bonds over a compar...
by ivk5
Mon Feb 24, 2020 3:27 pm
Forum: Personal Investments
Topic: Dow Futures down 426 for Monday 2/24/20. Buying anything today?
Replies: 155
Views: 14988

Re: Dow Futures down 426 for Monday 2/24/20. Buying anything today?

I'm looking forward to TLHing to clean up some positions from prior TLHing. Ditto I am surprised indexers have significant amounts of losses in their portfolio currently. I harvested a small loss today on an intl lot bought on 1/31. About -$170 on approx $10k IIRC. Not much but lets me “do somethin...
by ivk5
Mon Feb 24, 2020 3:04 pm
Forum: Personal Investments
Topic: One year later, could use some advice for a newbie regarding cash on hand and what to do when market turns
Replies: 10
Views: 902

Re: One year later, could use some advice for a newbie regarding cash on hand and what to do when market turns

The advice is bonds in tax-deferred, not tax-advantaged. If no tax-deferred available for bonds - or not enough - then taxable. As previous poster noted, keep Roth in equities. See wiki on tax efficient fund placement.
by ivk5
Mon Feb 24, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Pennsylvania - question about credit for tax paid to another state
Replies: 7
Views: 477

Re: Pennsylvania - question about credit for tax paid to another state

No first hand experience. But I took a look out of curiosity- it seems the instructions explicitly say “PA income tax law does not allow a resident credit for taxes paid to political subdivisions of other states“ so I would think that answers it. Isn’t it moot anyway, since NYS tax alone surely exc...
by ivk5
Mon Feb 24, 2020 7:33 am
Forum: Personal Investments
Topic: Dow Futures down 426 for Monday 2/24/20. Buying anything today?
Replies: 155
Views: 14988

Re: Dow Futures down 426 for Monday 2/24/20. Buying anything today?

I'm looking forward to TLHing to clean up some positions from prior TLHing.
by ivk5
Mon Feb 24, 2020 6:55 am
Forum: Personal Investments
Topic: Dow Futures down 426 for Monday 2/24/20. Buying anything today?
Replies: 155
Views: 14988

Re: Dow Futures down 426 for Monday 2/24/20. Are buying anything today?

Such as...... So right now we are looking at being down roughly 3% from the high at the open, not sure I even consider it a drop, more like the heart beat of the market. My guess is I will start to pay attention around 8% or so. Not sure when I will step in. I agree. This is the tip of the iceberg....
by ivk5
Mon Feb 24, 2020 6:41 am
Forum: Personal Consumer Issues
Topic: Toy overload alternatives for grandparents
Replies: 104
Views: 5655

Re: Toy overload alternatives for grandparents

Kids: 3y, 7m Like OP we have some "values" differences reflected in gift desires/practices. We also live far from the grandparents (overseas), which heightens the potential burden for us of lots of "stuff" gifts. Remarks that follow are specific observations from our family, YMMV of course. Everyone...
by ivk5
Sun Feb 23, 2020 4:09 pm
Forum: Personal Investments
Topic: Pension Buyout Rollover, tax penalty?
Replies: 5
Views: 385

Re: Pension Buyout Rollover, tax penalty?

Rollover is not a contribution. No income/MAGI limits on rollover.
by ivk5
Sun Feb 23, 2020 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pennsylvania - question about credit for tax paid to another state
Replies: 7
Views: 477

Re: Pennsylvania - question about credit for tax paid to another state

No first hand experience. But I took a look out of curiosity- it seems the instructions explicitly say “PA income tax law does not allow a resident credit for taxes paid to political subdivisions of other states“ so I would think that answers it. Isn’t it moot anyway, since NYS tax alone surely exce...
by ivk5
Sat Feb 22, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: 457 Tax Deduction
Replies: 7
Views: 572

Re: 457 Tax Deduction

Consider posting the 457 investment options (fund names and expense ratios). Maybe n-1 options are terrible but there’s 1 decent one.
by ivk5
Fri Feb 21, 2020 5:17 am
Forum: Non-US Investing
Topic: IB brokerage and US domiciled ETF’s
Replies: 4
Views: 526

Re: IB brokerage and US domiciled ETF’s

I'm not familiar with IE taxes but see this wiki page as a starting point (discussion is down the page below the table): Nonresident alien's ETF domicile decision table

Due to MiFID/PRIIPs regs it may be a moot point- as an IE resident you may not be able to buy US-domiciled funds.