Search found 65 matches

by Cpadave
Fri Nov 02, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 86
Views: 7558

Re: I Bond fixed rate = 0.5%

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...
by Cpadave
Fri Nov 02, 2018 9:14 am
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 86
Views: 7558

Re: I Bond fixed rate = 0.5%

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 ...
by Cpadave
Thu Nov 01, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 86
Views: 7558

I bond new rate posted - 2.83%

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

https://www.treasurydirect.gov/indiv/pr ... glance.htm
by Cpadave
Wed Oct 31, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 4912

Re: Falling off the ACA subsidy cliff

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.
by Cpadave
Wed Oct 31, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation and current market
Replies: 9
Views: 814

Re: Help with asset allocation with current market

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...
by Cpadave
Tue Oct 30, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: HSA family contribution
Replies: 3
Views: 292

Re: HSA family contribution

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
by Cpadave
Tue Oct 30, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: HSA family contribution
Replies: 3
Views: 292

Re: HSA family contribution

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?
by Cpadave
Tue Oct 30, 2018 6:39 am
Forum: Personal Finance (Not Investing)
Topic: HSA family contribution
Replies: 3
Views: 292

HSA family contribution

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, ...
by Cpadave
Sun Oct 28, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: What A Deal! [Affordable Care Act policy costs]
Replies: 28
Views: 3990

Re: What A Deal! [Affordable Care Act policy costs]

Our cheapest option for 2019 is now 19K for family of 4. It was 17K in 2018. They really need to fix this problem.
by Cpadave
Sun Oct 28, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Wash sale reporting by brokers
Replies: 9
Views: 617

Re: Wash sale reporting by brokers

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...
by Cpadave
Sat Oct 27, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Wash sale reporting by brokers
Replies: 9
Views: 617

Wash sale reporting by brokers

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
by Cpadave
Mon Oct 15, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: Is your Taxable account crowed with "highly correlated" but not "substantially identical' funds? how else can you TLH
Replies: 15
Views: 1121

Re: Is your Taxable account crowed with "highly correlated" but not "substantially identical' funds? how else can you TL

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 ...
by Cpadave
Mon Oct 15, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Is your Taxable account crowed with "highly correlated" but not "substantially identical' funds? how else can you TLH
Replies: 15
Views: 1121

Re: Is your Taxable account crowed with "highly correlated" but not "substantially identical' funds? how else can you TL

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...
by Cpadave
Tue Oct 09, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9883

Re: What is your annual cost for health insurance?

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...
by Cpadave
Sun Oct 07, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of running a one-person S-corp without an accountant
Replies: 7
Views: 856

Re: Mechanics of running a one-person S-corp without an accountant

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.
by Cpadave
Tue Sep 25, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25485

Re: What is your single most expensive mistake?

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
by Cpadave
Fri Sep 21, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: IRS Late payment interest
Replies: 2
Views: 341

Re: IRS Late payment interest

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...
by Cpadave
Fri Sep 21, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: IRS Late payment interest
Replies: 2
Views: 341

IRS Late payment interest

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...
by Cpadave
Fri Jul 13, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: How much does your accountant cost?
Replies: 21
Views: 2240

Re: How much does your accountant cost?

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...
by Cpadave
Tue Jul 10, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Couple Early Retirement
Replies: 29
Views: 2677

Re: Health Insurance for Couple Early Retirement

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...
by Cpadave
Sun Jul 01, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2001
Views: 372093

Re: What are you up YTD? [Year To Date]

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...
by Cpadave
Sun Jul 01, 2018 7:58 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2001
Views: 372093

Re: What are you up YTD? [Year To Date]

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
by Cpadave
Fri Jun 22, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: VTI - 2nd qtr dividend
Replies: 3
Views: 493

VTI - 2nd qtr dividend

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...
by Cpadave
Sun Jun 03, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed: $800,000 in cash, 2-year time horizon
Replies: 25
Views: 3741

Re: Advice needed: $800,000 in cash, 2-year time horizon

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...
by Cpadave
Sun Jun 03, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Advice needed: $800,000 in cash, 2-year time horizon
Replies: 25
Views: 3741

Re: Advice needed: $800,000 in cash, 2-year time horizon

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...
by Cpadave
Sat Jun 02, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2001
Views: 372093

Re: What are you up YTD? [Year To Date]

+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.
by Cpadave
Fri Jun 01, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 2210 annualized
Replies: 5
Views: 480

Re: IRS Form 2210 annualized

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
by Cpadave
Fri Jun 01, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: IRS Form 2210 annualized
Replies: 5
Views: 480

IRS Form 2210 annualized

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
by Cpadave
Tue May 29, 2018 8:43 am
Forum: Investing - Help with Personal Investments
Topic: US Tres bill on Fidelity
Replies: 9
Views: 886

Re: US Tres bill on Fidelity

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...
by Cpadave
Tue May 29, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: US Tres bill on Fidelity
Replies: 9
Views: 886

Re: US Tres bill on Fidelity

Thanks. But would a 1.8% 3 moths CD be better than cash?
by Cpadave
Tue May 29, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: US Tres bill on Fidelity
Replies: 9
Views: 886

US Tres bill on Fidelity

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...
by Cpadave
Tue May 22, 2018 8:28 am
Forum: Investing - Theory, News & General
Topic: Best site to see stock performance
Replies: 1
Views: 266

Re: Best site to see stock performance

never mind. The other sites are as of 4/30
by Cpadave
Tue May 22, 2018 8:22 am
Forum: Investing - Theory, News & General
Topic: Best site to see stock performance
Replies: 1
Views: 266

Best site to see stock performance

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
by Cpadave
Sun May 20, 2018 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help me streamline to a 3 or 4 fund strategy
Replies: 11
Views: 1204

Re: Help me streamline to a 3 or 4 fund strategy

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...
by Cpadave
Sun May 20, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help me streamline to a 3 or 4 fund strategy
Replies: 11
Views: 1204

Re: Help me streamline to a 3 or 4 fund strategy

How are you putting $6850 into hsa as single person?
by Cpadave
Sat May 19, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6913

Re: What’s your phone/internet bill?

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...
by Cpadave
Sat May 19, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6913

Re: What’s your phone/internet bill?

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.
by Cpadave
Thu May 17, 2018 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 10
Views: 474

Re: Allocation help

Thank You all for very informative comments as always.
by Cpadave
Thu May 17, 2018 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 10
Views: 474

Re: Allocation help

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 ...
by Cpadave
Thu May 17, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 10
Views: 474

Re: Allocation help

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...
by Cpadave
Thu May 17, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 10
Views: 474

Re: Allocation help

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...
by Cpadave
Thu May 17, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 10
Views: 474

Allocation help

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. ...
by Cpadave
Wed May 16, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund different than amount on tax refund
Replies: 3
Views: 440

Re: IRS refund different than amount on tax refund

They will sent you a letter for sure.
by Cpadave
Wed May 16, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 7115

Re: Would you send your children to private school in my situation?

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.
by Cpadave
Wed May 16, 2018 9:30 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2582

Re: Why this problem never gets fixed

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....
by Cpadave
Wed May 16, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2582

Re: Why this problem never gets fixed

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 ...
by Cpadave
Wed May 16, 2018 8:38 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2582

Re: Why this problem never gets fixed

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...