Search found 15 matches

by j0hnd0e
Thu Apr 19, 2018 2:32 am
Forum: Personal Finance (Not Investing)
Topic: Can I *not* claim all the state tax in my itemized deduction?
Replies: 39
Views: 5114

Re: Can I *not* claim all the state tax in my itemized deduction?

Perhaps it would be less confusing to discuss 1 specific situation instead of many possible hypotheticals (AMT, etc). Please explain how exactly do you see taking full deduction this year increasing your tax in the next year. The only possible scenario I know of is if you're going to be in a higher ...
by j0hnd0e
Thu Dec 14, 2017 2:52 am
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 27934

Re: Prepayment of SALT Taxes? [State and Local]

DE 4, yes. My point still stands though - I don't see a way to effectively use this approach for regular people (not self-employed) without claiming withholding allowances in the triple digits. I'm about to work on that form, but it is my understanding that 1 allowance corresponds roughly to a $1,0...
by j0hnd0e
Thu Dec 14, 2017 2:34 am
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 27934

Re: Prepayment of SALT Taxes? [State and Local]

Form W-4 is for federal allowances, but I think for the case at hand it is state withholdings that matter: form DE 4 for Cali and its equivalent for other states. DE 4, yes. My point still stands though - I don't see a way to effectively use this approach for regular people (not self-employed) with...
by j0hnd0e
Thu Dec 14, 2017 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 27934

Re: Prepayment of SALT Taxes? [State and Local]

How exactly would one reduce withholdings next year by enough to avoid overpayment? Raise the number of exemptions on your W-4 (that form you file with HR to tinker with withholding...._) Keep adjusting til you get it right! There are instructions on how to calculate the right number, but I've foun...
by j0hnd0e
Wed Dec 13, 2017 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 27934

Re: Prepayment of SALT Taxes? [State and Local]

How exactly would one reduce withholdings next year by enough to avoid overpayment?
by j0hnd0e
Mon Dec 11, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 27934

Re: Prepayment of SALT Taxes? [State and Local]

Has anyone tried or is interested in contacting IRS or a tax professional to get more information on whether this would be deductible in 2017 or not?
by j0hnd0e
Sat Jul 29, 2017 1:36 am
Forum: Investing - Theory, News & General
Topic: "Why Don’t Vanguard’s Target Retirement and LifeStrategy Funds Own Admiral Shares?"
Replies: 37
Views: 6073

Re: "Why Don’t Vanguard’s Target Retirement and LifeStrategy Funds Own Admiral Shares?"

I wonder if the reason why TD funds have lower balance on average is because people with sufficient balance trying to minimize the expenses have no choice but to buy individual funds' admiral shares...
by j0hnd0e
Sat Mar 04, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: RSU + Autosale for taxes
Replies: 17
Views: 2247

Re: RSU + Autosale for taxes

Thanks everyone, this was really good advice and saved me from overpaying an accountant. I have one more question. Now that I filed the taxes, TurboTax says I need to make estimated payments next year or I'll probably owe penalties, and that I believe. But it says I should pay the IRS $3,095 every ...
by j0hnd0e
Mon Feb 27, 2017 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Ugh, why is buying a new car so painful?
Replies: 75
Views: 11175

Re: Ugh, why is buying a new car so painful?

mrsytf wrote: I have heard of companies that will cancel your cable. Are there any that will buy you a car? I want to just go in, sign and pick up the car.When we bought our current vehicle seven years ago we were there for six hours- only one of which was spent on price.
cartelligent
by j0hnd0e
Mon Feb 06, 2017 11:43 pm
Forum: Investing - Theory, News & General
Topic: Betterment White Paper major error? Check my math..
Replies: 32
Views: 4241

Re: Betterment White Paper major error? Check my math..

They are in a pretty good company with this approach though. Eg, https://personal.vanguard.com/pdf/s556.pdf Oh, the overall conclusion here of filling up fixed-income in deferred and equities go to taxable is absolutely not something I'm questioning. Just, the way Betterment explains how they're bu...
by j0hnd0e
Mon Feb 06, 2017 10:11 pm
Forum: Investing - Theory, News & General
Topic: Betterment White Paper major error? Check my math..
Replies: 32
Views: 4241

Re: Betterment White Paper major error? Check my math..

My curiosity brought me to read the wealthfront approach on the same topic. Turns out they are not even trying... https://blog.wealthfront.com/differentiated-asset-location-a-case-for-certain-young-investors/ The bar chart that shows a scenario where their approach loses has 4 times the range on the...
by j0hnd0e
Mon Feb 06, 2017 9:50 pm
Forum: Investing - Theory, News & General
Topic: Betterment White Paper major error? Check my math..
Replies: 32
Views: 4241

Re: Betterment White Paper major error? Check my math..

They are in a pretty good company with this approach though. Eg, https://personal.vanguard.com/pdf/s556.pdf
by j0hnd0e
Mon Feb 06, 2017 6:18 pm
Forum: Investing - Theory, News & General
Topic: Betterment White Paper major error? Check my math..
Replies: 32
Views: 4241

Re: Betterment White Paper major error? Check my math..

After looking more into it, seems like their position on what you're saying about "real value of TDA" is this: Footnote 14 Note that Reichenstein and Meyer develop this concept to optimize asset allocation—an approach known as “after-tax asset allocation.” They stress that pre-tax contributions to T...
by j0hnd0e
Mon Feb 06, 2017 4:15 pm
Forum: Investing - Theory, News & General
Topic: Betterment White Paper major error? Check my math..
Replies: 32
Views: 4241

Re: Betterment White Paper major error? Check my math..

They are not talking about the benefits of contributing to taxable vs tax advantaged. The context of that whole paper is that you already have predetermined balances for each account type and overall asset allocation strategy. For example, if you have $50,000 in an IRA and $50,000 in taxable and wan...