Search found 358 matches

by ivk5
Sun Sep 23, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing longterm capital gains taxes
Replies: 15
Views: 1492

Re: Reducing longterm capital gains taxes

After a bunch of reading on Charitable Remainder Trusts, I found this Morningstar article to be one of the clearer and more illuminating ones. It seems like I was partly wrong on the taxation of distributions in excess of current trust income- the unrealized gains are distributed next and are taxabl...
by ivk5
Sun Sep 23, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing longterm capital gains taxes
Replies: 15
Views: 1492

Re: Reducing longterm capital gains taxes

I have no knowledge of this, so take with a hefty grain of salt, but took an interest and read the link as well as other googleable info. My understanding is a little different. The basis is effectively stepped up like any other donation of appreciated property- gains unrealized at time of transfer ...
by ivk5
Sun Sep 23, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 74
Views: 7221

Re: Minimalist Lifestyle

When my spouse was in grad school we went abroad for ~4 years bring only what we could carry (barely, admittedly) in a few suitcases, and rented a furnished apt. We put the rest in storage back home. We had everything we needed and more. When we moved back and got everything out of storage, we were ...
by ivk5
Sun Sep 23, 2018 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Funding a Roth IRA for 60+ Years
Replies: 7
Views: 1051

Re: Funding a Roth IRA for 60+ Years

billfromct wrote:
Sun Sep 23, 2018 9:18 am
BTW, I have maxing out my Roth IRA every year since they started in 1998 & only have about $200k in my Roth IRA.

I'll have some of what you've been drinking!
OP’s balance may include conversions or mega backdoor.
by ivk5
Sat Sep 22, 2018 12:13 am
Forum: Personal Consumer Issues
Topic: Does your Capital One 360 reimburse international ATM?
Replies: 30
Views: 1229

Re: Does your Capital One 360 reimburse international ATM?

The insults might be better directed at the vendor for posting incorrect info on their own offerings rather than at fellow BHs who are quite reasonably relying on statements on the vendor’s web site. It is not reasonable to expect people to second guess everything they read on the vendor’s web site ...
by ivk5
Fri Sep 21, 2018 4:45 am
Forum: Personal Consumer Issues
Topic: Does your Capital One 360 reimburse international ATM?
Replies: 30
Views: 1229

Re: Does your Capital One 360 reimburse international ATM?

Outside of the United States and Thailand, ATMs generally don't charge fees. I have Schwab, but have rarely needed to get the rebates travelling across Europe, Asia, and South America. A bit too broad a generalization IMHO. I have found some ATMs that charge fees in Europe (some Unicredit ATMs in I...
by ivk5
Fri Sep 14, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting - wash sale rule
Replies: 57
Views: 3172

Re: Tax loss harvesting - wash sale rule

No amount of name calling is going to resolve the ambiguity here. It's just going to turn off those who might otherwise be interested in the topic - and might even contribute - if we could maintain a measure of civility and decorum... Frankly I'm astonished that such an arcane issue has (in this thr...
by ivk5
Thu Sep 13, 2018 11:24 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting - wash sale rule
Replies: 57
Views: 3172

Re: Tax loss harvesting - wash sale rule

Your dispute is ill-founded. When you buy a fund that has, as its mandate, to follow a particular index, you are choosing to own that basket of stocks, indirectly. An actively managed fund is quite different. However, an index fund is mandated to follow a certain index or, if it's something like a ...
by ivk5
Wed Sep 12, 2018 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Expat income and 401(k)
Replies: 13
Views: 1196

Re: Expat income and 401(k)

No first-hand experience with this exact scenario but my understanding is contributions to employer plans should be fine. That contribution comes off the top of your income (reduces W2 income). FEIE is claimed later on your tax return based on your actual reported income ie net of contributions. As ...
by ivk5
Tue Sep 11, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Going off-track of asset allocation due to high savings rate
Replies: 47
Views: 2841

Re: Going off-track of asset allocation due to high savings rate

Count me confused too. Don’t you buy whatever’s below your target AA? Why would you buy an asset class that’s already above your target allocation?
by ivk5
Tue Sep 11, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question
Replies: 7
Views: 297

Re: Wash sale question

Search here for livesoft’s extensive TLH threads and take a look at the Fairmark site, if you want to understand the replacement shares concept and WHY the answer is what it is...
by ivk5
Tue Sep 11, 2018 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question
Replies: 7
Views: 297

Re: Wash sale question

You certainly can control dividend reinvestment...

But yes, if you sell all shares including those bought within the past 30 days (perhaps by reinvestment of dividends), you will realize the full net capital loss, assuming no conflicting activity in other accounts.
by ivk5
Tue Sep 11, 2018 2:16 am
Forum: Investing - Help with Personal Investments
Topic: Best bonds securities for Taxable account
Replies: 14
Views: 1868

Re: Best bonds securities for Taxable account

Allocation questions require the whole financial picture, not looking at each account in isolation. See wiki on tax efficient fund placement. Equities are more tax efficient in taxable over the long term (range of interest rate environments). If you must have fixed income in taxable, TBM may not be ...
by ivk5
Mon Sep 10, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting - wash sale rule
Replies: 57
Views: 3172

Re: Tax loss harvesting - wash sale rule

Doc wrote: ↑Sun Sep 09, 2018 6:34 pm I don't want the guv to take away my tax loss for now and never let me get it back when I sell my replacement sales. That is a risk if replacement shares are in tax-advantaged accounts. But that should be readily avoidable by thoughtful arrangement of holdings o...
by ivk5
Mon Sep 10, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting - wash sale rule
Replies: 57
Views: 3172

Re: Tax loss harvesting - wash sale rule

I don't want the guv to take away my tax loss for now and never let me get it back when I sell my replacement sales. That is a risk if replacement shares are in tax-advantaged accounts. But that should be readily avoidable by thoughtful arrangement of holdings or disabling auto-reinvestment of dist...
by ivk5
Sun Sep 09, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: 3 fund portfolio with Money Market instead of Bonds
Replies: 26
Views: 2728

Re: 3 fund portfolio with Money Market instead of Bonds

Duration is a balance between term risk and reinvestment risk. And of course there is always inflation risk. Cash / money market may not have term risk, but that certainly doesn’t make it risk-free. IMHO, trading intermediate term bonds (TBM, roughly speaking) for money market is just gambling on wh...
by ivk5
Sat Sep 08, 2018 6:56 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9856

Re: Max you should invest in a 529?

WhiteMaxima, If kids are smart, why do they need a university education in the first place? There are many millionaires in my family. Some of them never enter high school at all. There are many paths to education. A college education is just one way. KlangFool As I’ve indicated, I generally agree w...
by ivk5
Wed Sep 05, 2018 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9856

Re: Max you should invest in a 529?

I think fear of taxes and obsession with tax avoidance opportunities / tax sheltered accounts tends to bias people's views on 529s a bit. For most folks paying 15% on QDI/LTCG, annual tax drag on US total stock market yield of ~1.8% is 27 bps, or $27/yr for every $10k invested in a taxable account. ...
by ivk5
Wed Sep 05, 2018 6:02 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth it to place 'limit orders' to buy particularly the more volatile ETFs?
Replies: 24
Views: 1006

Re: Is it worth it to place 'limit orders' to buy particularly the more volatile ETFs?

hdas wrote:
Wed Sep 05, 2018 5:51 am
One should prefer the close, as to deal with the arcsine law
Unfortunately not all retail brokers support market-on-close orders (VG doesn't, to my knowledge).
by ivk5
Mon Sep 03, 2018 6:59 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio for 35 year old
Replies: 21
Views: 2173

Re: Portfolio for 35 year old

OP: I’d dump the 100k FANG and reflect on what’s driving the stock-picking impulses, which can be lethal. (Also as someone who works in tech you’re heavily exposed to that sector risk already. Income risk plus cap weighting in the index would be exposure enough for me.) Others have commented on need...
by ivk5
Sat Sep 01, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 1.80%]
Replies: 220
Views: 35814

Re: [Ally online savings now at 1.80%]

They need to go exactly as fast as they need to go to achieve the balance they’re targeting between volume and margin.

If dissatisfied, you can vote with your feet, ie keep liquid funds elsewhere. (I bailed long ago in favor of VG MMFs - alternating btw Prime and Muni.)
by ivk5
Sat Sep 01, 2018 6:01 am
Forum: Investing - Theory, News & General
Topic: Are CDs considered an investment?
Replies: 75
Views: 3968

Re: Are CDs considered an investment?

I would never buy a bank stock. Bank stock can be a sweet deal. I know someone who invested about $100K 30 years ago in a small local bank and the stock is now worth $1.1M and its spins off $33K every quarter in dividends and has for years now. OT but I thought by “sweet deal” you might mean superi...
by ivk5
Wed Aug 29, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: high RMD withdraw from 401k question
Replies: 31
Views: 3337

Re: high RMD withdraw from 401k question

No income restriction on Roth conversion eligibility. Anyone can convert.
by ivk5
Tue Aug 28, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Capital Gain tax free
Replies: 8
Views: 1381

Re: Capital Gain tax free

Would need more info, notably your tax bracket and marginal tax rate, to give a complete answer. Depending on your circumstances it may make sense to be harvesting gains or losses. I can’t think of a scenario where there is a benefit to harvesting both, since the net each other out. Assuming your m...
by ivk5
Tue Aug 28, 2018 6:59 am
Forum: Investing - Help with Personal Investments
Topic: Capital Gain tax free
Replies: 8
Views: 1381

Re: Capital Gain tax free

If OP has an ordinary income tax liability or will in the future, OP may be better off taking $3k/yr above-the-line deduction for as long as the carryover losses last rather than using the losses for a "free" basis reset on long-term holdings. Future gains may not be taxed anyway, for all sorts of r...
by ivk5
Tue Aug 28, 2018 2:45 am
Forum: Investing - Help with Personal Investments
Topic: Capital Gain tax free
Replies: 8
Views: 1381

Re: Capital Gain tax free

Would need more info, notably your tax bracket and marginal tax rate, to give a complete answer. Depending on your circumstances it may make sense to be harvesting gains or losses. I can’t think of a scenario where there is a benefit to harvesting both, since the net each other out. Assuming your ma...
by ivk5
Fri Aug 24, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest $2+ million?
Replies: 5
Views: 1007

Re: How to invest $2+ million?

Check with your commercialista but I think you’ll find that interest on US municipal bonds, while not taxed by the US, will be taxed by Italy and therefore will increase your global tax liability. In addition to comments above about the advisability of taking on greater market risk to offset your in...
by ivk5
Sun Aug 12, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: 20 year old beginning Boglehead in need of advice
Replies: 7
Views: 811

Re: 20 year old beginning Boglehead in need of advice

1. Opinions will vary but I think there’s a good case to be made that the time is now, or at least next batch of funds you invest. Impact on long term performance can be expected to be modest and you will learn about managing an allocation to fixed income, rebalancing (presumably with new money), et...
by ivk5
Sat Aug 11, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: New CD Rates
Replies: 23
Views: 4735

Re: New CD Rates

CD Rates are definitely coming up(thank goodness!). They are probably even higher today than just 3 months ago. And it looks like rates will be increased by 25 basis points again in September. I just hate how much CDs can get eroded by inflation with the rates not being very high. https://iqcalcula...
by ivk5
Fri Aug 10, 2018 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Is the etf and MF equivalent gonna create a wash sale?
Replies: 14
Views: 756

Re: Is the etf and MF equivalent gonna create a wash sale?

IRA's and taxable accounts count in determining wash sales. May I ask ... does selling from Roth IRA's count as well? (since there are no declarable tax losses) I've been balancing out of total international fund in Roth & am wanting to buy more of same ETF in taxable. Thanks in advance It’s buying...
by ivk5
Fri Aug 10, 2018 1:06 pm
Forum: Personal Consumer Issues
Topic: How to get 2nd number on smartphone?
Replies: 22
Views: 2259

Re: How to get 2nd number on smartphone?

GV. I use the Hangouts Dialer app to make outgoing calls on my Android phone. Incoming calls are less frequent for me but I think it works fine via VoIP; I don’t fwd to my native cell number as I live outside the US. This serves as a free way for me to keep in touch with people in the US. If they c...
by ivk5
Fri Aug 10, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: How to get 2nd number on smartphone?
Replies: 22
Views: 2259

Re: How to get 2nd number on smartphone?

GV. I use the Hangouts Dialer app to make outgoing calls on my Android phone. Incoming calls are less frequent for me but I think it works fine via VoIP; I don’t fwd to my native cell number as I live outside the US. This serves as a free way for me to keep in touch with people in the US.
by ivk5
Thu Aug 09, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: The Best HSA
Replies: 60
Views: 6591

Re: The Best HSA

All of your HSA deposits and withdrawals have to go into and come out of the LIvely account and then need to be transferred, manually through Lively's interface, to the TDA investment account (this is my one quibble with Lively- some automation here would be nice) True. I don't so much care about a...
by ivk5
Thu Aug 09, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: The Best HSA
Replies: 60
Views: 6591

Re: The Best HSA

jhfenton wrote:
Thu Aug 09, 2018 8:18 am
All of your HSA deposits and withdrawals have to go into and come out of the LIvely account
and then need to be transferred, manually through Lively's interface, to the TDA investment account (this is my one quibble with Lively- some automation here would be nice)
by ivk5
Wed Aug 08, 2018 6:22 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation and next steps?
Replies: 12
Views: 1028

Re: Asset allocation and next steps?

You don't specifically mention kids. Second sentence of OP mentions baby on the way. I think it's worth contributing to the NY 529 up to the $10k NY tax deduction limit. I wouldn't recommend contributing beyond that- tax drag avoidance not worth enough to offset loss of liquidity/flexibility. For s...
by ivk5
Wed Aug 08, 2018 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Advice Needed on New Asset Allocation
Replies: 12
Views: 1023

Re: Advice Needed on New Asset Allocation

Agree that's a heavily tilted portfolio. You should be able to clearly answer how you came up with this, how you are going to benchmark, and what you're going to do if and when it underperforms the benchmark. I think the biggest problem is the lack of bonds. +1 I'm not a slice-and-dicer, but think ...
by ivk5
Wed Aug 08, 2018 6:01 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio for retirement [Portugal]
Replies: 14
Views: 1037

Re: Portfolio for retirement [Portugal]

Degiro has a 2€ comission for each buy/sell on this ETF's, taking into consideration that I want to buy every month around 500€ and later on around 1000€, is it better to buy every 2 months so I can leverage the comission fees? Not going to make a big difference either way. Spacing out your purchas...
by ivk5
Tue Aug 07, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Clean up on Aisle 4 (help me clean up this mess)
Replies: 15
Views: 2640

Re: Clean up on Isle 4 (help me clean up this mess)

I don’t think wife’s IRA assets impact OP’s backdoor Roth for themselves.
by ivk5
Tue Aug 07, 2018 3:59 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30660

Re: Vanguard Municipal Money Market VMSXX 1.39%

Good call and thanks for posting to flag this- looks like unadjusted SEC yield is up 20bp over the past week. For 40.8% federal / 0% state, TEY still 12bp behind Prime on SEC yield basis (1.93% vs 2.05%). Given that that's a slightly lagging indicator, and the steepness of climb in past couple days ...
by ivk5
Tue Aug 07, 2018 3:50 am
Forum: Investing - Help with Personal Investments
Topic: Clean up on Aisle 4 (help me clean up this mess)
Replies: 15
Views: 2640

Re: Clean up on Isle 4 (help me clean up this mess)

While you're waiting for replies, a few quick comments: You'll get better responses if you update your original post with the fund names and expense ratios. Additionally, for the 401ks, it would be relevant to know other available fund options aside from the ones you're already invested in (particul...
by ivk5
Thu Aug 02, 2018 2:10 am
Forum: Investing - Theory, News & General
Topic: US Senate FCU with 5 Yr 3.47% CD
Replies: 3
Views: 706

Re: US Senate FCU with 5 Yr 3.47% CD

Thanks for posting. Looks like Employees/Affiliates of a long list of Select Employee Groups are eligible, including ACC - not 100% clear but I hope that includes members who pay a token membership fee (or had it waived). Looks like 3.53% APY on $60k+ with 360d EWP. Anyone know if they allow partial...
by ivk5
Wed Aug 01, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Create taxable events to claim AOTC (Amer Opp Tax Crdt)
Replies: 16
Views: 805

Re: Create taxable events to claim AOTC (Amer Opp Tax Crdt)

If in fact you need to manufacture additional tax liability (and the posts immediately above call that into question, based on your use of terminology it’s not clear), I would go for Roth conversion over tax gain harvesting, for a number of reasons beyond easier to get fine-grained control over inco...
by ivk5
Tue Jul 31, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30660

Re: Vanguard Municipal Money Market VMSXX 1.39%

I’d guess that demand is at somewhat greater durations, not in the <12w end of the curve.
by ivk5
Sat Jul 28, 2018 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Why is rollover to Roth with Pre-Tax $$ So Bad?
Replies: 28
Views: 2532

Re: Why is rollover to Roth with Pre-Tax $$ So Bad?

Wouldn't you rather pay that tax now on a smaller amount of $ than on a greater amount upon retirement? I have to be missing something, right? Yup. Try working an example. If your marginal rate doesn’t change, tax now vs tax later is close to a wash (ignoring some second order details like tax drag...
by ivk5
Wed Jul 25, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: Interesting Take on the 3 Fund Model
Replies: 66
Views: 3168

Re: Interesting Take on the 3 Fund Model

OP: I don't think it means what you think it means.
by ivk5
Fri Jul 20, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Bond ETF with the shortest Duration
Replies: 13
Views: 1066

Re: Bond ETF with the shortest Duration

Hiraclis wrote:
Fri Jul 20, 2018 3:25 pm
I am not trying to do market timing but I want to wait for a better entrance point.
Last time I’ll beat my head against this wall, but I do want to make sure you understand that in the way most folks on this board understand the words used, this sentence is self-contradictory.