Search found 461 matches

by ivk5
Mon Nov 19, 2018 6:22 am
Forum: Investing - Theory, News & General
Topic: Why do people think CD rates will keep going up?
Replies: 43
Views: 5740

Re: Why do people think CD rates will keep going up?

Dollars are fungible of course, but I would look at this as a liability driven investment and buy duration that matches the timing of the liability, regardless of term premium and yield curve. It’s unclear from the thread but my impression is that it’s a guaranteed loss vs paying off today (consider...
by ivk5
Mon Nov 19, 2018 2:34 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth rolling Trad IRA to 401K To Unblock
Replies: 4
Views: 298

Re: Backdoor Roth rolling Trad IRA to 401K To Unblock

Yes, assuming no other IRAs in your name.

The pedants may point out that there are no rules for backdoor Roth per se, because it’s not a “thing”; it’s an informal, colloquial term.
by ivk5
Sat Nov 17, 2018 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: LOST OVER $400 on CDs in 2 Weeks!
Replies: 24
Views: 4152

Re: LOST OVER $400 on CDs in 2 Weeks!

10 year CDs don’t seem to be a very good buy right now. Can you explain your thinking on why you went so long? Just a guess: because of (trivially) higher yield, without regard for / understanding of term risk. OP seems to have jumped into brokered CDs without much understanding of them or of the f...
by ivk5
Wed Nov 14, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Looking to invest 80k for 3-5 years
Replies: 12
Views: 1611

Re: Looking to invest 80k for 3-5 years

PaleoWorx wrote:
Tue Nov 13, 2018 6:49 pm
if you invest, would you be ok with unexpectedly losing 50% of your investment due to 'unannounced' recession ?
proceed according to your answer
Most would not recommend taking equity risk with funds needed in this timeframe.
by ivk5
Tue Nov 13, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to invest 80k for 3-5 years
Replies: 12
Views: 1611

Re: Looking to invest 80k for 3-5 years

state of residence and marginal state/federal tax rates?

Do you know how to calculate Tax equivalent yields so you can compare munis, treasuries, and taxable options?
by ivk5
Sun Nov 11, 2018 3:46 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3541

Re: International Travel during Maternity/Paternity

I don’t disagree with all the replies saying you need to stay flexible, keep an open mind, see how Baby is, and see how YOU both are as parents. None of this can be predicted. That said, we spent 5 wks in Montreal starting when our son was 2 months old. My wife is an academic and used that time to d...
by ivk5
Fri Nov 09, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 477
Views: 45253

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I just wish there were a way to avoid getting the snail mail packet for each newly opened CD.
by ivk5
Thu Nov 08, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: United MileagePlus - Confused and looking for cheaper options
Replies: 26
Views: 2053

Re: United MileagePlus - Confused and looking for cheaper options

Everyone’s situation is different of course but I think most would consider this a poor value for your miles.
by ivk5
Wed Nov 07, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 7468

Re: Move savings to Prime Money Market Fund (VMMXX)

Kkgbear wrote:
Wed Nov 07, 2018 7:35 am
VMMXX has an expense fee. Does your online savings have any fees?
The quoted yields are net of fees.
by ivk5
Wed Nov 07, 2018 5:27 am
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10546

Re: This man can predict when bubbles burst: time to time the market?

I’m just not sure what any of that has to do with how Steve manages his anxiety, or his portfolio.
by ivk5
Wed Nov 07, 2018 3:41 am
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10546

Re: This man can predict when bubbles burst: time to time the market?

Contrary to Fama's postulate that bubbles do not exist because of EMH, Didier Sornette shows that they do, and he apparently can predict when they burst (in this video he says he predicted the time the stock market crashed in China): https://www.ted.com/talks/didier_sornette_how_we_can_predict_the_...
by ivk5
Wed Nov 07, 2018 3:09 am
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10546

Re: This man can predict when bubbles burst: time to time the market?

Contrary to Fama's postulate that bubbles do not exist because of EMH, Didier Sornette shows that they do, and he apparently can predict when they burst (in this video he says he predicted the time the stock market crashed in China): https://www.ted.com/talks/didier_sornette_how_we_can_predict_the_...
by ivk5
Wed Nov 07, 2018 2:50 am
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 7468

Re: Move savings to Prime Money Market Fund (VMMXX)

Just do it. Lots of us have. Lots of threads on this which you’ll find readily with a quick search. No tax issues with reinvestment of distributions since NAV is constant $1 for money mkt funds (no lot tracking / cap gains reporting).

I’d still be there if not for the Ally promo...
by ivk5
Wed Nov 07, 2018 1:57 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 477
Views: 45253

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

If you click on the "Terms & Conditions" link near the bottom of that email, it takes you to http://allypaybacktime.com, where they state that the new fund deposit timeframe was between 10/08/18 and 11/05/18. You’d think this isn’t so hard to get right... (I double checked, my money was in before 1...
by ivk5
Tue Nov 06, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10546

Re: This man can predict when bubbles burst: time to time the market?

I suffer from anxiety and I am afraid of huge losses in my investments. ... So I am looking for ways to manage my anxiety in this, including by researching serious methods of risk management. This reflects great self-awareness. And also perhaps a bit of a blind spot. Perhaps “serious methods of ris...
by ivk5
Tue Nov 06, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10546

Re: This man can predict when bubbles burst: time to time the market?

Perhaps the same expert can find a model that will predict # of deaths from venomous spiders. https://en.m.wikipedia.org/wiki/Multipl ... ns_problem

Good history here of posts that are provocative but perhaps not actionable or really inquiry-oriented.
by ivk5
Tue Nov 06, 2018 6:19 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Transactions & Cost Basis Discrepancies.
Replies: 22
Views: 1864

Re: Vanguard Transactions & Cost Basis Discrepancies.

They must be showing average cost basis. Have you ever sold shares from this fund in this account? Are you sure you have chosen Spec ID for this fund in this account? +1. Go to Account Maintenance -> Cost basis method. Look at the line for this fund/account. If it says AvgCost, you have your answer...
by ivk5
Tue Nov 06, 2018 6:11 am
Forum: Investing - Help with Personal Investments
Topic: E. Jones/Vanguard and now Fisher Investments
Replies: 36
Views: 4679

Re: E. Jones/Vanguard and now Fisher Investments

I am age 75, no spouse, retired and have a portfolio of about $1.3 million 95% of which is with Edward Jones. This year I expect my EJ "fees and charges" to be about $14,500. ... I have just set an appointment (I consider it tentative) with Fisher Investments (my 'due diligence' is working). At thi...
by ivk5
Tue Nov 06, 2018 4:53 am
Forum: Investing - Theory, News & General
Topic: Missing October Statement [Vanguard]
Replies: 12
Views: 1588

Re: Missing October Statement

So I have 4 accounts with VG. Today I went in to download the statements and noticed my Roth statement isn’t posted. The other three are there. Not sure if this related to this weekends computer maintenance or not. Anybody else missing a statement? Thx Brokerage platform or old mutual fund acct? Wa...
by ivk5
Mon Nov 05, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: A little advice please.... $50 K to invest back in.. retired
Replies: 3
Views: 657

Re: A little advice please.... $50 K to invest back in.. retired

What is your target duration for fixed income? What does rest of fixed income portfolio look like? What state of residence?

Depending on state tax, T bills might be as good or better.
by ivk5
Mon Nov 05, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA as tax bracket buffer
Replies: 12
Views: 1286

Re: Roth IRA as tax bracket buffer

Is anyone using or planning to use their Roth IRA to keep yourself in a lower tax bracket in retirement? A better goal might be minimizing lifetime tax liability, not just in retirement. Better still might be maximizing your (and beneficiaries’) spendable funds. Not necessarily the same thing as ke...
by ivk5
Sun Nov 04, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: Vanguard Yubikey-only option?
Replies: 46
Views: 7628

Re: Vanguard Yubikey-only option?

I made a tradition to ask Vanguard every time when are we going to have an option to be either U2F only or at least be able to register some OTP. NIST has marked SMS/VOIP/carriers as bad practices and are not recommending it anymore: https://pages.nist.gov/800-63-3/sp800-63b.html Thread was last ac...
by ivk5
Fri Nov 02, 2018 5:23 am
Forum: Investing - Theory, News & General
Topic: What does your gut tell you; RMD now or in December?
Replies: 38
Views: 2206

Re: What does your gut tell you; RMD now or in December?

The arguments in favor of lump sum investments at the beginning of the year in accumulation would tend to argue in favor of taking RMDs as a lump sum at the end of the year in decumulation. Agree with analogy but perhaps not conclusion. Lump sum withdrawal as late as possible likely works out best ...
by ivk5
Thu Nov 01, 2018 1:04 am
Forum: Investing - Theory, News & General
Topic: How much tax loss harvesting is your robo-advisor doing lately?
Replies: 15
Views: 1478

Re: How much tax loss harvesting is your robo-advisor doing lately?

Are there mechanisms within these services to accommodate fluctuations in non-investment income? For example, I am self employed and my income varies. I want my losses applied in years when my income is higher. I'm not really considering these services as I do it on my own, but I am curious. How wo...
by ivk5
Wed Oct 31, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: How much tax loss harvesting is your robo-advisor doing lately?
Replies: 15
Views: 1478

Re: How much tax loss harvesting is your robo-advisor doing lately?

Are there mechanisms within these services to accommodate fluctuations in non-investment income? For example, I am self employed and my income varies. I want my losses applied in years when my income is higher. I'm not really considering these services as I do it on my own, but I am curious. How wo...
by ivk5
Wed Oct 31, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - did I mess this up?
Replies: 17
Views: 849

Re: Backdoor Roth - did I mess this up?

Thanks so much everybody, you are giving me hope! It's annoying but if the "damage" is limited to paying taxes on the $5,500 (approx $2,000 in the highest tax bracket), that's way better than I thought it would be. So just to double and triple check... 1. This year 99% of my $5,500 backdoor roth co...
by ivk5
Wed Oct 31, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - did I mess this up?
Replies: 17
Views: 849

Re: Backdoor Roth - did I mess this up?

Wow I can't believe I missed that... :oops: :oops: :oops: I read up on White Coat Investors site on backdoor roth and it seems to me I have really 2 options to avoid a very substantial tax liability To be clear, you will only owe taxes on a portion of the amount you moved into your Roth, which I pr...
by ivk5
Wed Oct 31, 2018 5:56 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - did I mess this up?
Replies: 17
Views: 849

Re: Backdoor Roth - did I mess this up?

ge1 wrote:
Wed Oct 31, 2018 5:53 am
it seems to me I have really 2 options to avoid a very substantial tax liability

- Convert the funds I just rolled into my IRA into the 401k of my new employer
- Convert the funds into an Individual 401k

Do people agree?
Yes, although one quibble - the word you want is rollover, not convert
by ivk5
Wed Oct 31, 2018 5:44 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - did I mess this up?
Replies: 17
Views: 849

Re: Backdoor Roth - did I mess this up?

Read the instructions for Form 8606 and prepare a pro forma one for 2018 and you’ll have your answer.

(Hint: look for the line that requires you to list your total IRA balances as of Dec 31.)

Your conversion will have prorated basis. If the rollover was large, most of the conversion may be taxable.
by ivk5
Wed Oct 31, 2018 2:46 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting from ETF to Mutual Fund
Replies: 18
Views: 1261

Re: Tax Loss Harvesting from ETF to Mutual Fund

You also have a settlement timing issue to consider, since the ETF sale settles T+2 and the MF purchase may settle T+1 (depending on fund and brokerage platform). Options are to use other cash (eg Emergency Fund) to float yourself a 1-day bridge loan, buy a fund that also settles T+2, be out of the ...
by ivk5
Tue Oct 30, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Quick TLH/wash sale question
Replies: 4
Views: 245

Re: Quick TLH/wash sale question

There are different views here on this exact question based on ambiguity in the regs. My interpretation is that selling the IRA shares does not avoid a (partial) wash sale, and that the only way to do that is to wait. You can search recent threads for the discussion.
by ivk5
Sat Oct 27, 2018 12:46 am
Forum: Investing - Help with Personal Investments
Topic: Will this create a wash sale?
Replies: 11
Views: 777

Re: Will this create a wash sale?

No. If you close the position, no wash sale. (Where are the replacement shares for the basis adjustment?) Ok, can you provide a scenario where purchasing an identical security 30 days before the sale would be a wash sale then? Edit: I think I figured it out. Had he done a partial exchange then it w...
by ivk5
Sat Oct 27, 2018 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 477
Views: 45253

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I'm an Ally customer with a CD on deposit. I tried to add a savings account to my existing account but was rejected because Ally requires a utility bill to verify a physical address. Since I'm a perpetual traveler I don't have any utility bills in the US, but the Patriot Act has essentially blocked...
by ivk5
Fri Oct 26, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Will this create a wash sale?
Replies: 11
Views: 777

Re: Will this create a wash sale?

No. If you close the position, no wash sale. (Where are the replacement shares for the basis adjustment?)
by ivk5
Fri Oct 26, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Will this create a wash sale?
Replies: 11
Views: 777

Re: Will this create a wash sale?

Bought VTSAX on 10/17/18. Exchanged into VLCAX on 10/23/18. I would like to TLH again today AND buy more. Not an expert on wash sales, but the above may have been a wash sale depending the details. The period is 30 days after and BEFORE the sell order. You purchased VTSAX on 10/17 and bought VLCAX ...
by ivk5
Fri Oct 26, 2018 12:56 pm
Forum: Investing - Theory, News & General
Topic: What's everyone currently in?
Replies: 93
Views: 8098

Re: What's everyone currently in?

Hi everyone I'm just curious with all the volatility in the market right now what's everyone currently invested in? I have my Roth IRA with VTI, BND, VXUS which is very basic I haven't touched it in years but with all this volatility I'm thinking I may want to. “My IPS says when the market is volat...
by ivk5
Fri Oct 26, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Will this create a wash sale?
Replies: 11
Views: 777

Re: Will this create a wash sale?

Best to pick TLH partners you are willing to hold forever. You may not ever get the opportunity to get back to VTSAX without realizing a gain (the market may never be this low again). Why realize a gain unnecessarily?
by ivk5
Fri Oct 26, 2018 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Should I tax loss harvest...?
Replies: 12
Views: 1293

Re: Should I tax loss harvest...?

No, not an issue when you’re selling the shares you just bought (since those will generally be among your highest basis shares). Buy away, and TLH when opportunities present. You may still have good TLH opportunity now. Prob poster was pointing out that the wash sale impact of dividend reinvestment ...
by ivk5
Thu Oct 25, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Should I tax loss harvest...?
Replies: 12
Views: 1293

Re: Should I tax loss harvest...?

I'm a little surprised that VTSAX, VFIAX, and VLCAX are considered sufficiently interchangeable for TLH purposes. Isn't it important that the latter two are missing the smaller end of the market? The point of passive indexing is that by owning everything you are on both the winning and losing sides...
by ivk5
Thu Oct 25, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 477
Views: 45253

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

That is what I am suggesting as they won't let me do it. I want to open an account that is only in my wife's name and .. so far .. they seem unwilling if it is funded via transfer from our joint account. It is something I do need to get done in the next few months and will revisit in a couple of mo...
by ivk5
Thu Oct 25, 2018 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Got charged 3 brokerage fees for one sell transaction is that normal ?
Replies: 17
Views: 1411

Re: Got charged 3 brokerage fees for one sell transaction is that normal ?

Greenbacks wrote:
Wed Oct 24, 2018 11:00 pm
should of [sic] made a ' like kind " transfer to Vanguard then sold my holdings
Yup.
by ivk5
Thu Oct 25, 2018 6:26 am
Forum: Investing - Help with Personal Investments
Topic: Should I tax loss harvest...?
Replies: 12
Views: 1293

Re: Should I tax loss harvest...?

Why forever? You can only use $3K of the loss this year to offset income (assuming no other short term gain). So next year, if there's a gain, sell before it's a $3K gain and before it becomes long term. If there's a loss, TLH again, offset $3K in income and repeat. Losses carry forward indefinitel...
by ivk5
Thu Oct 25, 2018 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Help with Tax loss harvesting
Replies: 54
Views: 3475

Re: Help with Tax loss harvesting

I also want to TLH total international. I have many lots of this fund. I know that if I bought less than 30 days ago, I could have a wash sale. Is this still true if I sell all shares purchased in the thirty day period? Example: BUY lot 1 in June BUY lot 2 in October SELL lot 2 five days later for ...
by ivk5
Thu Oct 25, 2018 4:32 am
Forum: Investing - Help with Personal Investments
Topic: Should I tax loss harvest...?
Replies: 12
Views: 1293

Re: Should I tax loss harvest...?

Seems like a good opportunity for TLH, right? Yup. Is having a bunch of different tickers knocking around in your taxable account an inevitable consequence of doing tax loss harvesting? Yes, but it doesn't need to be a "bunch." You get to decide how aggressively to TLH and how many TLH partners to ...
by ivk5
Wed Oct 24, 2018 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Help with Tax loss harvesting
Replies: 54
Views: 3475

Re: Help with Tax loss harvesting

- stopped divedend reinvestment - stopped automatic contributions for next 2 months into the fund Make sure you've checked the date of the last dividend reinvestment or automated contribution in all relevant accounts. If it is within the last 30 days and you are not selling those lots as part of th...
by ivk5
Wed Oct 24, 2018 2:04 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 477
Views: 45253

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

4) They cannot take funds sent to the joint account, then moved to the 2nd owner's account, and give that 2nd owner "credit". Once the funds hit the joint account, the "credit" is flagged and that's that. Thanks for sharing. Was your understanding that they will only credit funds pushed to joint ac...
by ivk5
Tue Oct 23, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 for Solo 401k
Replies: 9
Views: 760

Re: 1099 for Solo 401k

If I don't need the LLC for protection, is an official business entity requisite for the Solo 401k? Or can I just create an EIN for retirement purposes and create the Solo 401k with that number? If so, I will likely still create a separate bank account for the locum money to improve tracking/tax pu...
by ivk5
Tue Oct 23, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting - yay or nay?
Replies: 13
Views: 1118

Re: Tax loss harvesting - yay or nay?

One possible reason it might not make sense to harvest losses is if income is temporarily low enough to harvest gains at 0% tax. One might prefer to prioritize harvesting gains.
by ivk5
Tue Oct 23, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting - yay or nay?
Replies: 13
Views: 1118

Re: Tax loss harvesting - yay or nay?

I don't think we can tell you what you "should" do, but I can tell you what I would do and have done: #1. This assumes there isn't other relevant info withheld that would make this inadvisable, eg if you have sold Vanguard Total Stock Market (ETF/funds) within the last 30 days at a loss. If so, con...