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- Mon Dec 27, 2021 11:02 am
- Forum: Personal Investments
- Topic: Can't find right Fido ETF
- Replies: 20
- Views: 1045
- Wed Dec 01, 2021 12:10 pm
- Forum: Personal Investments
- Topic: Schwab stock slices
- Replies: 4
- Views: 771
Re: Schwab stock slices
Fidelity allows you to set a limit price when buying in "dollar amounts".aristotelian wrote: ↑Wed Dec 01, 2021 9:42 am If buying in dollar amounts, you are trusting Schwab to purchase the stock at market price. Depending on the bid/ask spread there may be some risk there.
- Tue Nov 30, 2021 10:01 am
- Forum: Personal Investments
- Topic: Treasury Direct I-Bonds what’s the down side for the 7.12% rate
- Replies: 17
- Views: 2098
Re: Treasury Direct I-Bonds what’s the down side for the 7.12% rate
The website gets the job done. It is OK. Never has it hurt my eyes. Can not even imagining it hurting my eyes.Escapevelocity wrote: ↑Tue Nov 30, 2021 9:51 amI think the website is ok. It could be "cooler" but it does the job. Never had to do any medallion to link my bank account.aristotelian wrote: ↑Tue Nov 30, 2021 9:37 am The major downsides are the terrible website that is hard to log into and hurts your eyes, and sometimes having to get a medallion signature guarantee to link a bank account. As far as the rates go, they are very favorable especially when there is a large gap between low interest rates and high inflation.
- Thu Nov 25, 2021 8:32 am
- Forum: Personal Investments
- Topic: Fidelity and Schwab Cost basis wrong
- Replies: 6
- Views: 839
Re: Fidelity and Schwab Cost basis wrong
Why do people do this?I opened both a fidelity and Schwab taxable account to test out, and bought $1 each of FSKAX and SWTSX on Tuesday before the markets closed. They have both decreased in value to 94 cents and 99 cents respectively. So I have incurred a loss even though the market has been up this week. Fidelity shows my cost basis per share for FSKAX to be 142.86, but it’s been trading around 134. In fact, it has never traded at 142 before. Schwab is doing something similar.
- Sat Sep 25, 2021 7:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: Progressive's auto claim game?
- Replies: 39
- Views: 4054
- Sat Sep 18, 2021 6:36 pm
- Forum: Personal Investments
- Topic: Vanguard not responsive [answering phone calls]
- Replies: 43
- Views: 6882
Re: Vanguard not responsive
When you have to adjust your schedule to get service, it is time to leave that company.Gnirk wrote: ↑Sat Sep 18, 2021 12:45 am When we were doing some ownership changes last week our Flagship rep advised us to call as close to 8am eastern time as possible. So, being on the west coast, we were up at 4:45 am ! After being retired for nearly 15 years, we aren’t accustomed to getting up at 0-dark-thirty. But we didn’t have to wait more than a minute.
- Mon Aug 09, 2021 1:05 pm
- Forum: Personal Investments
- Topic: Do brokerages still send physical dividend checks?
- Replies: 14
- Views: 1657
Re: Do brokerages still send physical dividend checks?
+1
Mom might enjoy getting the checks now. However, some time in the future she will be unable to drive. Now the checks are your problem. Some time later, she will begin to "forget" she got the check. Now you have a bigger problem.
Just electronically deposit the checks or reinvest them.
- Sat Jul 17, 2021 4:30 pm
- Forum: Personal Finance (Not Investing)
- Topic: Is title insurance needed for new construction townhome in NJ purchased for cash (no mortgage)
- Replies: 74
- Views: 7054
Re: Is title insurance needed for new construction townhome in NJ purchased for cash (no mortgage)
How do you propose finding this "gap"? Contact every title insurance company and ask them if they ever insured the property and build a spreadsheet???Beachey wrote: ↑Sat Jul 17, 2021 3:53 pm It might have been when I was refinancing but I was asked once for the previous title insurance so they only had to do a title search from the date of purchase at a reduced price. IANAL but I wonder if a gap in the title insurance record could cause issues when reselling? It most likely would be unusual for a property to have a title insurance gap.
- Fri Apr 23, 2021 7:48 pm
- Forum: Personal Investments
- Topic: Switching from individual stocks to ETF/ index
- Replies: 13
- Views: 1620
Re: Switching from individual stocks to ETF/ index
I would keep the individual stocks until the next market down turn (unless that bothers you) and then sell it whenever it is at a loss or close to it.... Again, if you can just ignore them for now and just keep a price watch on them - that may help you identify when to sell them so you can minimize tax considerations. JMO though.... Exactly right, sell the stocks at the lowest price you can. :oops: Everyone’s tax situation is different, but can you expand on the advice above? Instead of locking in losses, why not wait a year and take the gains and pay LTG? I guess I can see the tax loss harvest benefits, but in my mind I just don’t understand why people say to donate them or try to sell at a loss just so you don’t have to pay LTG. If anyon...
- Fri Apr 23, 2021 7:01 pm
- Forum: Personal Investments
- Topic: Switching from individual stocks to ETF/ index
- Replies: 13
- Views: 1620
Re: Switching from individual stocks to ETF/ index
Exactly right, sell the stocks at the lowest price you can.anil686 wrote: ↑Thu Apr 22, 2021 8:01 pm I would keep the individual stocks until the next market down turn (unless that bothers you) and then sell it whenever it is at a loss or close to it.... Again, if you can just ignore them for now and just keep a price watch on them - that may help you identify when to sell them so you can minimize tax considerations. JMO though....
- Wed Mar 10, 2021 4:50 pm
- Forum: Personal Investments
- Topic: Help please. Being forced to retire early..
- Replies: 185
- Views: 40728
Re: Help please. Being forced to retire early..
You state that you need 62k a year. You are almost there, wife's disability is 23,700, monthly annuity at 2709 a month is 32,508 and interest 1% on your 400k a year is $4,000. You are at $60,208. It should not be a problem to cut your spending by $1800 a year.
This is also without touching any of your savings.
This is also without touching any of your savings.
- Wed Mar 10, 2021 6:59 am
- Forum: Investing - Theory, News & General
- Topic: 1980s 14%+ Govt. Bonds?
- Replies: 64
- Views: 5225
Re: 1980s 14%+ Govt. Bonds?
It was a horrible time. People's savings were lowered dramatically by inflation and taxes.staxchips wrote: ↑Wed Mar 10, 2021 6:02 am
Just wanna know if any oldheads on here were able to take advantage of the high interest rates in the 1980s?
30 year bonds had a fixed interest rate of 13-15%! The only time in our country's history when it made sense to buy bonds over equities according to Warren Buffett.
Yes, you got 13% on CDs but you paid 30% of that in taxes and inflation was 13-15%. So you were losing 4-5% of your savings every year.
13% sound good to a person who did not live through it but they were a horrible time.
- Sat Mar 06, 2021 12:43 pm
- Forum: Personal Investments
- Topic: Vanguard Checks Written on Brokerage/Settlement Account Being Rejected or Returned To Merchants
- Replies: 74
- Views: 9707
- Sun Feb 28, 2021 5:43 pm
- Forum: Personal Investments
- Topic: Half of the nest egg is in AT &T
- Replies: 42
- Views: 8235
Re: Half of the nest egg is in AT &T
What are you talking about?msj16 wrote: ↑Sun Feb 28, 2021 1:50 pm Considering that you were not able to convince your parents to sell the stock before, I would not sell more than half of it, at least for now. Let them get used to the change, rather than them feeling that the rug or "safety net" they thought they had was pulled out from under them. And educate them about total return - which many folk, especially older folk do not understand.
If he has power of attorney that means they are incapable of handing their own finances.
Just educate them.
- Fri Feb 26, 2021 7:30 am
- Forum: Personal Investments
- Topic: Half of the nest egg is in AT &T
- Replies: 42
- Views: 8235
- Tue Feb 02, 2021 5:49 pm
- Forum: Personal Investments
- Topic: Fidelity customer service wait times
- Replies: 14
- Views: 1704
Re: Fidelity customer service wait times
People dumping robinhood and moving to other brokers. When I spoke to a Fidelity rep, he stated that they opened over 200k accounts in the last week.lazynovice wrote: ↑Tue Feb 02, 2021 5:40 pm Combination of tax season and an influx of new accounts as investors fled the discount brokers last week over trading restrictions.
- Thu Nov 26, 2020 5:40 am
- Forum: Personal Investments
- Topic: Selling individual lots in taxable to fund Roths while on ACA. How would you do it?
- Replies: 10
- Views: 1161
Re: Selling individual lots in taxable to fund Roths while on ACA. How would you do it?
I am always hoping that I will lose money in the market, too.
- Fri Sep 25, 2020 5:21 pm
- Forum: Personal Investments
- Topic: If you owned Wellington would you have to file a schedule 1 on your taxes if you did not sell any shares?
- Replies: 7
- Views: 1046
Re: If you owned Wellington would you have to file a schedule 1 on your taxes if you did not sell any shares?
Most likely, you would have to report capital gains on Schedule D even if you did not sell.
Last year, Wellington declared a long term capital gain. https://investor.vanguard.com/mutual-fu ... ions/vgwlx
If they declared a capital gain last year, chances are good that they will declare one this year. You will have to wait until late December to know for sure.
Last year, Wellington declared a long term capital gain. https://investor.vanguard.com/mutual-fu ... ions/vgwlx
If they declared a capital gain last year, chances are good that they will declare one this year. You will have to wait until late December to know for sure.
- Mon Sep 21, 2020 7:46 pm
- Forum: Personal Investments
- Topic: Trying to figure out my estimated taxes for 2020 is driving me insane!
- Replies: 22
- Views: 3202
Re: Trying to figure out my estimated taxes for 2020 is driving me insane!
I will take a shot at it:
165k + 184k - 12,400 = 336,600. This is taxed at ordinary income tax rates. Tax is $92,605
Long Term capital gains is taxed at 15% up to 441,450 then at 20%. Thus $104,850 is taxed at 15% (15,727.50). 259,150 at 20% (51,830)
So far the tax is 160,162.50.
Now you have to pay 3.8% Net Investment Income Tax over $200,000 or $19,494
Your total tax is $179,656.50
I will figure out the AMT if any later.
165k + 184k - 12,400 = 336,600. This is taxed at ordinary income tax rates. Tax is $92,605
Long Term capital gains is taxed at 15% up to 441,450 then at 20%. Thus $104,850 is taxed at 15% (15,727.50). 259,150 at 20% (51,830)
So far the tax is 160,162.50.
Now you have to pay 3.8% Net Investment Income Tax over $200,000 or $19,494
Your total tax is $179,656.50
I will figure out the AMT if any later.
- Sun Aug 23, 2020 10:41 am
- Forum: Personal Investments
- Topic: CDs coming due. Where to reinvest proceeds?
- Replies: 62
- Views: 7316
Re: CDs coming due. Where to reinvest proceeds?
I know some people here hate premier notes but Dukes Energy notes are paying 1.40% for balances above $50k. You can take out your money at any time. Write checks against the balance (Checks must be $250 or above). https://www.duke-energy.com/our-company ... investment
This is NOT FDIC insured and is only guaranteed by Duke Energy.
If you really want to risk it, GM is paying 2% on all balances. https://www.rightnotes.com/ Again, NOT FDIC insured, guaranteed by GM.
This is NOT FDIC insured and is only guaranteed by Duke Energy.
If you really want to risk it, GM is paying 2% on all balances. https://www.rightnotes.com/ Again, NOT FDIC insured, guaranteed by GM.
- Tue Aug 04, 2020 6:38 am
- Forum: Personal Investments
- Topic: DRIP enabled, but dividends are not getting re-invested!!!. Fidelity BrokerageLink (401k) account
- Replies: 5
- Views: 718
Re: DRIP enabled, but dividends are not getting re-invested!!!. Fidelity BrokerageLink (401k) account
You must have setup the dividends "DRIP" by the ex-dividend date to have the dividends re-invested.
- Sun Jun 21, 2020 3:47 pm
- Forum: Personal Investments
- Topic: Fidelity Transaction Fee?
- Replies: 11
- Views: 1328
Re: Fidelity Transaction Fee?
Why do you think there is a transaction fee for buying Vanguard Balanced fund?
There is none.
There is none.
- Fri May 01, 2020 4:51 pm
- Forum: Personal Investments
- Topic: Looking for link to value I-bonds
- Replies: 5
- Views: 621
- Fri Apr 10, 2020 8:08 pm
- Forum: Personal Investments
- Topic: I-Bonds: March 2020 BLS CPI-U report
- Replies: 18
- Views: 2061
Re: I-Bonds: March 2020 BLS CPI-U report
Congratulation, then you will make more than the inflation rate.emlowe wrote: ↑Fri Apr 10, 2020 6:11 pm
Well for 0.2% fixed bonds, it only takes a -0.2 inflation rate to get a 0 combined rate.
This has happened twice before where the inflation rate has gone negative resulting in the combined rates of numerous bonds to be 0. May 2009 - the inflation rate was -2.78% and in May 2015 the inflation rate was -0.8.
Say the inflation rate was -2.78% for the first six months and +.78% for the second six months. Inflation was -2.00% for the year.
But you made 0% for the first six months and +.98% for the second six months. You earned .49% on a year that inflation was -2.00%.
- Wed Mar 25, 2020 10:47 am
- Forum: Personal Investments
- Topic: Fidelity IVV price
- Replies: 4
- Views: 322
Re: Fidelity IVV price
IVV is paying $1.531356. https://www.ishares.com/us/products/239 ... ckerSearch
- Mon Mar 02, 2020 7:42 am
- Forum: Personal Investments
- Topic: Hesitant to switch from Financial advisor - Please Help
- Replies: 29
- Views: 2742
Re: Hesitant to switch from Financial advisor - Please Help
I bet Fidelity will be so eager for your business they will give you free trades without even asking.DippityDoo wrote: ↑Sun Mar 01, 2020 9:52 pmAlso, you can negotiate with Fidelity for some free trades to sell funds on the Fidelity side. That's something you may want to explore if you'll incur fees from your advisor for selling.adinvest03 wrote: ↑Sun Mar 01, 2020 9:19 pm Do I need to speak with my advisor first, liquidate, and then initiate the transfer? How should the transfer process for this scenario happen as far as liquidating my current mutual funds and buying the ETFs? Thank you in advance!
- Tue Feb 25, 2020 5:52 pm
- Forum: Personal Investments
- Topic: Fidelity Privacy Concerns
- Replies: 19
- Views: 3108
Re: Fidelity Privacy Concerns
The same exact thing happened to me. I was upset because he did this without even asking me if it was OK. I called the 800 number and ask that he be removed from my account. They did this without any problems.
- Thu Jan 23, 2020 2:04 pm
- Forum: Investing - Theory, News & General
- Topic: Total Stock Market Index - Section 199A dividends this year
- Replies: 172
- Views: 29715
Re: Total Stock Market Index - Section 199A dividends this year
[/quote] Can you post a screenscrape of how turbotax filled out Form 8995? Use fictitious numbers if you prefer. [/quote] Here are step by step directions. On form 8995 Line 6, place Section 199a dividends from 1099-Div box 5 (in attached example, I had $5,000 in Section 199a dividends in Box 5) Line 7, carryover from last year (should be 0) Line 8, Line 6 plus line 7 Line 9 Multiple line 8 * .20 Line 10 Add line 5 + 9 (line 5 should be zero so you are just copying line 9) Line 11 This is line 8b from 1040 (adjusted gross income $68,000) - line 9 from 1040 (standard deduction or deduction from Schedule A $12,200) Line 12 Total of Capital Gains from Schedule D Line 13 Subtract line 12 from line 11 Line 14 Multiple line 13 * .2 (this is your ...
- Wed Jan 15, 2020 7:11 am
- Forum: Personal Finance (Not Investing)
- Topic: NJ Shared Responsibility Payment
- Replies: 11
- Views: 909
Re: NJ Shared Responsibility Payment
So any state can tax "tax-exempt" interest by calling it a penalty instead of a tax?Dottie57 wrote: ↑Wed Jan 15, 2020 7:09 amIs NJ taxing or is it a Penalty? I suspect it is the latter - hence including the tax exempt interest.DrCheese wrote: ↑Wed Jan 15, 2020 7:04 amLine 2 of the worksheet actually says "enter the amount from 16b (tax-exempt interest) of your NJ-1040.SlowMovingInvestor wrote: ↑Wed Jan 15, 2020 7:00 amThe worksheet you linked to simply says to enter a line from NJ's 1040 as income. Are you sure that includes tax-exempt interest ? I doubt it.
- Wed Jan 15, 2020 7:04 am
- Forum: Personal Finance (Not Investing)
- Topic: NJ Shared Responsibility Payment
- Replies: 11
- Views: 909
Re: NJ Shared Responsibility Payment
Line 2 of the worksheet actually says "enter the amount from 16b (tax-exempt interest) of your NJ-1040.SlowMovingInvestor wrote: ↑Wed Jan 15, 2020 7:00 amThe worksheet you linked to simply says to enter a line from NJ's 1040 as income. Are you sure that includes tax-exempt interest ? I doubt it.
- Wed Jan 15, 2020 6:48 am
- Forum: Personal Finance (Not Investing)
- Topic: NJ Shared Responsibility Payment
- Replies: 11
- Views: 909
Re: NJ Shared Responsibility Payment
So you are saying that NJ can tax "tax-exempt" interest?Jack FFR1846 wrote: ↑Wed Jan 15, 2020 6:44 am Of course they can. Massachusetts has had similar with "RomneyCare" which became ObamaCare for the country. We have similar fines, although I think ours are more fixed. I've always had health insurance, so have never had to pay anything.
- Wed Jan 15, 2020 6:39 am
- Forum: Personal Finance (Not Investing)
- Topic: NJ Shared Responsibility Payment
- Replies: 11
- Views: 909
NJ Shared Responsibility Payment
NJ is charging the 2.5% Shared Responsibility Payment for failure to have health insurance on all income including tax-exempt interest (ie US Savings Bond Interest, Treasury Bills, Municipal Bonds etc).
https://www.state.nj.us/treasury/taxati ... nt/srp.pdf Worksheet is on page 3.
Can they do that?
https://www.state.nj.us/treasury/taxati ... nt/srp.pdf Worksheet is on page 3.
Can they do that?
- Tue Jan 07, 2020 3:11 pm
- Forum: Personal Finance (Not Investing)
- Topic: Why are all my dividends non-qualified?
- Replies: 12
- Views: 2588
Re: Why are all my dividends non-qualified?
+1
Ishares has not released their 2019 QDI percentages yet. Give it another two weeks and it will be updated.
- Mon Dec 23, 2019 12:38 pm
- Forum: Personal Investments
- Topic: I'm at the ACA cliff and need to reduce my taxable income by placing assets in tax-deferred investment vehicles
- Replies: 28
- Views: 3069
Re: I'm at the ACA cliff and need to reduce my taxable income by placing assets in tax-deferred investment vehicles
This makes no sense.
There is only one maturity - 30 years.
Buy in small chunks????????? You can redeem your i-bond in any amount you choose after one year. For example, if you buy a $10,000 I-bond. You can redeem $238.56 one year and $882.67 the next year. The amount is of your choosing as long as the amount is $25 or more and there is at least $25 remaining in the I-bond.
- Mon Nov 04, 2019 7:21 am
- Forum: Personal Investments
- Topic: Nice surprise from Computershare after transfer to VG
- Replies: 10
- Views: 2347
Re: Nice surprise from Computershare after transfer to VG
I hope they use it when reporting 1099s. Nope, self inputted data is never reported to the IRS. These trades are from over 20 years ago, so I hope you're wrong or they change things. I've read you should keep 3 or 7 years of tax records, but keeping brokerage and transaction records nearly forever is a long time. Can't wait till the day I sold off everything I've bought before 2012 or plan to keep for the heir step up basis and don't ever have to track cost basis anymore. Another reason not to accumulate a bunch of individual stocks from these active managers or roboadvisors, even if they're keeping track of them, it will be challenging to transfer them and move them around in the future. Self reported data is not reported to the IRS as an...
- Sun Nov 03, 2019 7:01 am
- Forum: Personal Investments
- Topic: Nice surprise from Computershare after transfer to VG
- Replies: 10
- Views: 2347
- Tue Oct 22, 2019 6:59 pm
- Forum: Personal Investments
- Topic: Fidelity Disclosed Personal Account Information
- Replies: 20
- Views: 3274
Re: Fidelity Disclosed Personal Account Information
My Fidelity rep would call me once a month asking "how I was doing". I called the 800 number, asked for that rep to be taken off my account and for me to placed on the "do not call list". Five years later, I have yet to receive a phone call from Fidelity nor to be assigned another rep.
- Tue Oct 15, 2019 7:28 am
- Forum: Personal Investments
- Topic: I-bonds with kids
- Replies: 18
- Views: 4481
Re: I-bonds with kids
See that is one of my biggest fears. That I die and no one knows that I have a Treasury Direct account as they send out no mail.newpup wrote: ↑Mon Oct 14, 2019 9:16 pmNot telling them about Treasury Direct...until they’re 45! Mwahahahahahaha!whodidntante wrote: ↑Mon Oct 14, 2019 8:23 pm As co-owners, what's to stop your kids from redeeming them regardless of what you want?
(Cue lightning bolts and screeching bats)
- Sat Oct 05, 2019 4:34 pm
- Forum: Investing - Theory, News & General
- Topic: How many are switching from Fidelity?
- Replies: 140
- Views: 20414
Re: How many are switching from Fidelity?
Just curious how many Bogleheads are switching from fidelity to TD Ameritrade, Schwab, or ETrade with the dropping of commission fees? I have accounts at vanguard and Fidelity, and was considering moving the Fidelity accounts to one of the companies that has dropped commissions. I have already asked Fidelity to match the free trades and they basically said not at this time. Any advice on which one to move to or which to avoid? I would switch, but not just because. It would take a promo to get me to do so. I've heard some others claim they got offered a promo from Schwab to move funds to them. If they offered this to me (they have never offered me a promo) I'd switch. Otherwise staying where I am for now. Schwab is offering you a promo: htt...
- Sat Oct 05, 2019 1:29 pm
- Forum: Investing - Theory, News & General
- Topic: How many are switching from Fidelity?
- Replies: 140
- Views: 20414
Re: How many are switching from Fidelity?
Yeah, I will be moving my stocks to Schwab. However, I will be keeping my IRA and HSA at Fidelity.
No commission trades plus the bonus is enough to make me switch. Easy $1,200 (minus taxes).
Bonus link: https://www.schwab.com/public/schwab/nn ... eward.html
Bonus tiers:
$200 bonus for $50,000–$99,999 deposit
$300 bonus for $100,000–$249,999 deposit
$600 bonus for $250,000–$499,999 deposit
$1,200 bonus for $500,000–$999,999 deposit
$2,500 bonus for $1,000,000+ deposit
No commission trades plus the bonus is enough to make me switch. Easy $1,200 (minus taxes).
Bonus link: https://www.schwab.com/public/schwab/nn ... eward.html
Bonus tiers:
$200 bonus for $50,000–$99,999 deposit
$300 bonus for $100,000–$249,999 deposit
$600 bonus for $250,000–$499,999 deposit
$1,200 bonus for $500,000–$999,999 deposit
$2,500 bonus for $1,000,000+ deposit
- Sun Aug 11, 2019 7:24 pm
- Forum: Investing - Theory, News & General
- Topic: The Fate of the World’s Largest ETF Is Tied to 11 Random Millennials
- Replies: 13
- Views: 3135
The Fate of the World’s Largest ETF Is Tied to 11 Random Millennials
Very interesting article on the ETF SPY.
The fate of the world’s largest exchange-traded fund rests on the health of a group of twenty-somethings.
Thanks to a quirk in the legal structure used to set up the SPDR S&P 500 ETF Trust, known as SPY, more than $250 billion rests on the longevity of 11 ordinary kids born between May 1990 and January 1993.
https://www.bloomberg.com/news/articles ... ket-newtab
The fate of the world’s largest exchange-traded fund rests on the health of a group of twenty-somethings.
Thanks to a quirk in the legal structure used to set up the SPDR S&P 500 ETF Trust, known as SPY, more than $250 billion rests on the longevity of 11 ordinary kids born between May 1990 and January 1993.
https://www.bloomberg.com/news/articles ... ket-newtab
- Sat Jul 20, 2019 10:01 am
- Forum: Personal Finance (Not Investing)
- Topic: Harrassed at work, what steps to take to protect her future employment
- Replies: 93
- Views: 9996
Re: Harrassed at work, what steps to take to protect her future employment
Will do good wrote: ↑Thu Jul 18, 2019 8:53 am She has taken to communicating with her manager by email to document all requests and to limit verbal requests.
If I was her manager and she told me how I should interact with her, I would label her as trouble and try to get rid of her.
- Mon Jul 15, 2019 12:25 pm
- Forum: Personal Investments
- Topic: Does health premium costs lower MAGI?
- Replies: 7
- Views: 879
Re: Does health premium costs lower MAGI?
Can you deduct health premiums?
Maybe...
If you are employed and the premiums (that you pay) are taken out of your paycheck. Yes
If you are self employed. Yes
If you are paying medicare or ACA premiums. No. Unless you meet the 7.5% threshold of your adjusted gross income to be deductible.
- Mon Apr 08, 2019 4:49 pm
- Forum: Personal Investments
- Topic: Pay off mortgage better or worse than investing in bonds?
- Replies: 30
- Views: 4664
Re: Pay off mortgage better or worse than investing in bonds?
The tax break for mortgages is all but dead. I have a $24,000 standard deduction. I use $10,000 for state and local taxes so the first $14,000 of mortgage interest gets me nothing.
- Sat Jan 19, 2019 6:32 am
- Forum: Personal Investments
- Topic: Hesitant to sell
- Replies: 11
- Views: 1641
Re: Hesitant to sell
If you sell with a loss (even on one purchase through reinvesting dividends) and buy substantially the same thing (another S&P fund) within 30 days, you have a wash sale.
- Sat Dec 15, 2018 8:33 pm
- Forum: Personal Investments
- Topic: HDV dividend down 10.4%. Why?
- Replies: 1
- Views: 611
HDV dividend down 10.4%. Why?
Does anyone know why the HDV (High Dividend Fund ETF) dividend is down 10.4% this quarter?
The last three quarters the dividend was above 79 cents, this quarter it is .70881
https://www.ishares.com/us/products/239 ... ckerSearch
The last three quarters the dividend was above 79 cents, this quarter it is .70881
https://www.ishares.com/us/products/239 ... ckerSearch
- Fri Oct 12, 2018 4:40 pm
- Forum: Investing - Theory, News & General
- Topic: If someone keeps 500K in two different FDIC insured bank accounts, 250K at each, are they still covered?
- Replies: 8
- Views: 1588
Re: If someone keeps 500K in two different FDIC insured bank accounts, 250K at each, are they still covered?
Yes, the entire 500k is insured by the FDIC if you keep 250k at two separate banks.
Anything over 250k will not be insured.
Regarding Beneficiaries:
Number of Unique Beneficiaries Maximum Deposit Insurance Coverage
1 Beneficiary $250,000
2 Beneficiaries $500,000
3 Beneficiaries $750,000
4 Beneficiaries $1,000,000
5 Beneficiaries $1,250,000
Anything over 250k will not be insured.
Regarding Beneficiaries:
Number of Unique Beneficiaries Maximum Deposit Insurance Coverage
1 Beneficiary $250,000
2 Beneficiaries $500,000
3 Beneficiaries $750,000
4 Beneficiaries $1,000,000
5 Beneficiaries $1,250,000
- Fri Jul 06, 2018 8:32 am
- Forum: Personal Finance (Not Investing)
- Topic: Anyone with experience in Social Security/SSA Hearings?
- Replies: 15
- Views: 2018
Re: Anyone with experience in Social Security/SSA Hearings?
What is the total dollar amount Social Security wants paid back?
- Wed Jun 27, 2018 8:38 am
- Forum: Personal Finance (Not Investing)
- Topic: IRS publishes draft 2018 1040 - Huge changes made
- Replies: 181
- Views: 28323
Re: IRS publishes draft 2018 1040 - Huge changes made
Identity thieves just put down that you had a small salary versus a large federal tax paid so they get a large refund. Since the IRS has no way of verifying the information at the time, they pay the refund. Whether you owe or not is totally irrelevant.rkhusky wrote: ↑Wed Jun 27, 2018 8:16 amArrange to owe and then you don't need to worry about someone else filing in your name.FrugalInvestor wrote: ↑Tue Jun 26, 2018 9:47 pmBut we're told that we need to file early so the identity thieves don't beat us to the punch.
- Wed Jun 27, 2018 5:21 am
- Forum: Personal Finance (Not Investing)
- Topic: IRS publishes draft 2018 1040 - Huge changes made
- Replies: 181
- Views: 28323