Bogleheads.org

Cpadave

looks like based on their website the 3 months is the last 3 of interest. And it looks like the interest is compounded. "I bonds increase in value on the first day of each month, and interest is compounded semiannually based on each I bond's issue date. An I bond's issue date is the month and year i...

Cpadave

A dumb question maybe, are the interest accumulated on compounded amount? Is interest in year 2 based on the par value or par plus 1st year int? I know that you don't actually receive interest until you redeem. Also, does anyone know which 3 months of interest the takeaway if you redeem less than 5 ...

Cpadave

[Thread merged into here, see below. --admin LadyGeek]

https://www.treasurydirect.gov/indiv/pr ... glance.htm

Cpadave

As I understand it when you file your 2018 tax return, the amount that you need to pay back is computed with your return based on your MAGI. As to the contribution, if you have earned income of $6500, you should still be able to contribute.

Cpadave

I use VTI for my equity side. For fixed income, I use CD, Pref, Corp and muni bonds with no more than 3-4 years duration. I think 10% fixed income allocation for your age should be fine. If you are concerned about interest rates going up in near term, you can stick with short term CD or low cost sho...

Cpadave

Never mind. The premium for gold is actually higher than if I stay on bronze hsa and maxed out plan limit. It makes no sense to buy gold. Thanks

Cpadave

Thank You. Do we need to open a new hsa in her name or can we use the one I opened last year in my name for the family?

Cpadave

Last year I opened a HSA account and purchased hsa plan from the exchange and contributed $6,900 to it. This year I am thinking about buying a gold plan for myself and buying a hsa another plan that covers my wife and 2 kids. Would we still be able to contribute the max family limit in 2019? If so, ...

Cpadave

Our cheapest option for 2019 is now 19K for family of 4. It was 17K in 2018. They really need to fix this problem.

Cpadave

Thanks for all the answers. My final question on this issue. Let's say I have 1000 shares of VTI of which 100 shares was purchased on 10/8/2018. If I sell those 100 shares only and use those proceeds to buy ITOT, would I trigger wash sale since I did not sell all my VTI and the 100 shs were sold les...

Cpadave

Do brokers like TD Ameritrade and Fidelity only report wash sales on identical securities or do they also try to report similar securities like VTI vs ITOT? I am not asking about tax law treatment just reporting. Thanks

Cpadave

Thank You. I will read it soon.

Cpadave

This was the Forbes article I was referring to. I have not had a chance to see if there is any case law on the subject matter.

https://www.forbes.com/sites/baldwin/20 ... afab2f72d7

Cpadave

Yes, I know brokers report sales on 1099B. And I know brokers will adj cost for sale of identical securities. My question was on specific on treating as wash sale on similar ETF such as VTI and ITOT. I found a good article on Forbes that says it is a grey area as whether these will be wash sale for ...

Cpadave

Maybe this has been answered before, but do brokers report to IRS if for example you sell VOO (vanguard S&P and buy VTI Vanguard total stock or in more similar ETF, sell VTI and but ITOT ( Ishare total stock). In the second case I know that IRS would most likely treat it as similar but was wondering...

Cpadave

Family of 4, 51, 44 and two young kids. Exchange HSA Bronze plan with no subsidy $16,920 with $6850 inv, $11370 family deductible. This premium has doubled in the last 3-4 years. This year we will contribute over 60K into obamacare as result of the surtax on investment income as we had an unusual ga...

Cpadave

I don't think you should do it yourself. Keep in mind what you are paying your accountant is a tax expense, so you need to look at after tax cost. Tax law change on regular basis and can be complicated.

Cpadave

Putting most of my money in to leveraged REITs fund before the crash. Lost $1.5M.
Buying a house about 6 years ago in a good school town for benefit of my kids, down about 400K

Cpadave

Thanks for the reply. Yes, I tried to do that, however my tax program (HR Block) didn't allow me to do that. I will wait for assessment. I would think since I have paid the balance due, the amount of additional interest on interest should be small. And hopefully it won't work against me when I reque...

Cpadave

So I got my K1 yesterday which showed a higher income that I had estimated. Distribution received was lower than income by a significant amount. As a result I owed $27K balance on my 1040. I filed and paid that amount with e-filing. I want to ask IRS to waive the late payment penalty under first tim...

Cpadave

Something to be concerned about airbnb

https://www.cnet.com/how-to/hidden-came ... 09-10aai5b

Cpadave

Based on what you guys have posted so far, you are getting a good deal. I am retired now, but used to charge 500 for an average 1040 and over 1200 for more complicated many years ago. Yes, most might not need an accountant to do their returns. But those who do with benefit a lot by using a skilled p...

Cpadave

We are almost in same situation. We went with connticare HSA plan. This way we get at least some tax benefit. For next year I anticipate the premiums will be even higher. We have to look at all options at that time. So sad that there are not too many good options for those who want to retire a littl...

Cpadave

I think the total return is a much better measure of performance. I get my number from quicken which I have verified to be correct. Please share your asset allocation and what you are up (or down) YTD in the format below. Here are my stats: Stocks: 100% Bonds: - Up: 10% This is the original point to...

Cpadave

Total return (includes Income) is 2.79% ytd. About 60% equity and 40% FI. I manage my own fixed income portfolio which has done better than market however my stock portfolio under performed because of some allocation to SPLV ans Vanguard High Div

Cpadave

For some reason I expected the 2018 2nd qtr dividend for VTI to be nicely higher over the 2017 amount. Given the reduction of corporate tax rate and many corporations increasing dividend as result. However, the announced dividend for 2nd qtr is only 2.8c higher than 2017. That increase is actually s...

Cpadave

You can buy new issued treasury bills and individual bonds and CD from brokerage accounts like Fidelity. I have not actually purchased t-bill myself, but I have seen it on brokerage websites. The actual train ride from Darien to NYC is about 50min. You can live walking distance to train (maybe 5-7 w...

Cpadave

I would say either CD or 2yrs Tres bills for you. I would most likely buy some individual investment grade bonds as well, if it was me. You should look into Darien CT as option to buy house in the future. They have great schools and relatively low RE taxes. The home prices are within what you mentio...

Cpadave

+1.3% total return( include interest and Div). Portfolio is about 60% equity and 40% fixed income. Had few bad etf like Vanguard High Div in the mixed that lowered the performance. Plan to go to VTI when my tax situation allows.

Cpadave

Thanks. I did it that way and then entered the amount into this website to get my tax for 2018.

https://www.mortgagecalculator.org/calc ... ulator.php

Cpadave

Hi,

Is there a excel worksheet or online site that I can enter my income to annualized for the form 2210? I don't need it to calculate the tax or the penalty, just to annualized the income and itemized deductions. Thanks

Cpadave

I was holding excess cash in one of the online saving accounts as part of emergency funds. I realized the amount I was holding was too much and it was making 1.6% interest. So I figured to reallocated to my investment portfolio at 60-40. However, since interest rates are going up. I wanted short ter...

Cpadave

Thanks. But would a 1.8% 3 moths CD be better than cash?

Cpadave

Hi, I see under new issues on Fixed income on Fidelity a 3 months US Tres 3 months zero coupon with expected yield of 1.9% and settlement of 5/31/2018. Will that mean if I put an order to buy, I will get 1.9% on that? Would I be better off to buy 3 moths CD at 1.8% if it is guaranteed rate vs expect...

Cpadave

never mind. The other sites are as of 4/30

Cpadave

What is the best site to see YTD stock performance ? CNN money shows 2.36% for Vanguard S&P 500(VOO), morningstar, yahoo show -.53%. I looked at the 1/1/2018 price and it was 267.84 and now is 273.37. Why does those site show a minus number? Thanks

Cpadave

I see. learn something new everyday. :) How are you putting $6850 into hsa as single person? My company considers my GF as a domestic partner on most of my benefits. This extends to including her on my health insurance plan. I pay family coverage rates, but after multiple inquiries it seems this all...

Cpadave

How are you putting $6850 into hsa as single person?

Cpadave

Phone $4.92 (ooma), Internet only 100GB $64.95 (optimum). I think the internet should be regulated just like electric. It is not considered essential and we don't have any other provider. Pretty much a monopoly. The reason that have raised the monthly amount so much in just the few years. And $30 f...

Cpadave

Phone $4.92 (ooma), Internet only 100GB $64.95 (optimum). I think the internet should be regulated just like electric. It is not considered essential and we don't have any other provider. Pretty much a monopoly. The reason that have raised the monthly amount so much in just the few years.

Cpadave

Thank You all for very informative comments as always.

Cpadave

I'm starting with the assumption that VYM and SPLV are the only two assets you are worried about, that you own them in roughly equal amounts, and that you aren't going to sell either of them. If those assumptions are wrong, what I'm about to say probably is wrong too. That said, here's how I would ...

Cpadave

Yes. 120K all unrealized gains. I don't do dividend reinvestment as I use most of the income to pay expenses. My wife who was investment banker thinks I should leave it alone and just put the new money into VTI. She thinks some of is timing and it is too much work to do what I had planned. I am just...

Cpadave

Thanks. The thing is that I have over 120K gain in them. Paying that much tax would be hard to do and will reduce the amount going back in. What if I just allocate more to healthcare and tech sector going forward to make my total allocation in line with VTI. Would I not achieve almost the same resul...

Cpadave

Few years ago when I was worried that market was overpriced, I tried to select ETF that I felt was less risky. Such as powershare s&P low vol (SPLV) and Vanguard high div (VYM). Now after reading many of the posts here and realizing that my investments are for long term, I wished I was just in VTI. ...

Cpadave

They will sent you a letter for sure.

Cpadave

No I would not. We also have very good public schools. This was the reason we moved here. I see no reason to waste money on private when our public school is rated in top 5 in state.

Cpadave

I'm not understanding why someone would think that insurance companies are paying inflated rates. They get a discount, sometimes a very hefty discount. You can see this on your explanation of benefits. My most recent EOB was for oral surgery. The bill was over $2,000, the insurance paid about $300....

Cpadave

Well. Thank You for all the replies. I learned to try to stay healthy. And try to purchase medical supplies from outside of hospitals or clinics. I understand there are various reasons from the cost of those items to be high. And not much can be done from my side. I understand this can be sensitive ...

Cpadave

Have you ever run your own business? Every.single.time that an item is thought about or touched, it costs money. The more people that think about the item and the more people that touch the item, then the more it costs. Stop people from thinking about the item and stop people from touching the item...

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