Search found 26 matches

by dash1s
Tue Oct 09, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Another TLH question
Replies: 6
Views: 446

Re: Another TLH question

Going to take a stab at this...

Long-term losses first offset LT gains, then ST gains, and than anything leftover up to 3,000 Ordinary Income
by dash1s
Thu Oct 04, 2018 9:00 pm
Forum: Investing - Theory, News & General
Topic: When does a stock become a bond before moving back to a stock again
Replies: 47
Views: 2390

Re: When does a stock become a bond before moving back to a stock again

Let me start by saying that a pennons is NOT part of your portfolio. It is an income stream (you hope), but it isn't an asset. ... :shock: :shock: :shock: How is it not an asset? It's something they expect will bring future economic benefits. It certainly isn't a liability. It may be difficult to "...
by dash1s
Wed Aug 08, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Career Move: Large Bank to Small Bank, Yes or No?
Replies: 17
Views: 1727

Re: Career Move: Large Bank to Small Bank, Yes or No?

I think I would just ask them to bid you back. 4% bump isn’t much.
by dash1s
Wed Aug 08, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Career Move: Large Bank to Small Bank, Yes or No?
Replies: 17
Views: 1727

Re: Career Move: Large Bank to Small Bank, Yes or No?

I got an offer from a smaller bank (ranked between 45 to 50 by assets) . The new job is in the same city where I live and there will be no significant change to cost of living, commute, or other benefits. I like the new job because it will allow me to gain experience in a field I'm not exposed to a...
by dash1s
Wed Aug 08, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Career Move: Large Bank to Small Bank, Yes or No?
Replies: 17
Views: 1727

Re: Career Move: Large Bank to Small Bank, Yes or No?

I got an offer from a smaller bank (ranked between 45 to 50 by assets) . The new job is in the same city where I live and there will be no significant change to cost of living, commute, or other benefits. I like the new job because it will allow me to gain experience in a field I'm not exposed to a...
by dash1s
Thu Jun 14, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2231

Re: Callable bond- maintain or take loss?

I hope it is all right to mention Institutional names on this blog. Financial advisor firm was JP Turner and they switched to Centarius- it w/b the compliance Dept of JP Turner whose is no longer associated with that financial advisor. I also switched advisors for these CDs—thought was to let him r...
by dash1s
Thu Jun 14, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2231

Re: Callable bond- maintain or take loss?

Is there any way you can get compensation for this "advice"? The product sold to you was clearly inappropriately sold given your age and needs. It's such a huge fraction of your retirement savings that just "taking the pain" is probably not the right answer, but conversely this thing is just sittin...
by dash1s
Tue May 22, 2018 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Funding Roth IRA with extra money in money market account - Good or Bad?
Replies: 3
Views: 465

Re: Funding Roth IRA with extra money in money market account - Good or Bad?

At the end of the day its the same. Your question seems more around liquidity which you will have to make the call.
by dash1s
Mon May 21, 2018 8:36 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 51039

Re: "Why 97% of People Don't Use 529 College Savings Plans."

funded 529 for 2 kids, which paid for their college in full..We didn't fully max out our retirement funds, but would do the same in a heartbeat. Nice! This is when a 529 plan works out. If your two kids happen to not go college or a less expensive one, is where you can find yourself under serious w...
by dash1s
Mon May 21, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 51039

Re: "Why 97% of People Don't Use 529 College Savings Plans."

Note if you are paying 40+% marginal taxes you may be paying 18.8-23.8% capital gains taxes. Unlikely you'll be paying 15%. I approximate the tag drag in taxable is offset by the slightly higher fees in 529s. Details depend on specific investments and tax rates. The 40% marginal we are speaking of ...
by dash1s
Mon May 21, 2018 8:02 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 51039

Re: "Why 97% of People Don't Use 529 College Savings Plans."

i don't understand why 529 threads always end up being so long. if you can max out your 401k, that alone puts you in the top 90th percentile of americans. add in maxing the IRA, probably bumps your into 95th percentile. add in maxing a HSA (stealth IRA) and yep, you're 97th percentile now. so if yo...
by dash1s
Mon May 21, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 51039

Re: "Why 97% of People Don't Use 529 College Savings Plans."

i don't understand why 529 threads always end up being so long. if you can max out your 401k, that alone puts you in the top 90th percentile of americans. add in maxing the IRA, probably bumps your into 95th percentile. add in maxing a HSA (stealth IRA) and yep, you're 97th percentile now. so if yo...
by dash1s
Thu May 17, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 3441

Re: Fellow non-529ers

Regarding getting "slaughtered on taxes" when trying to withdraw excess funds - is it really that much worse than the taxes you'd pay in a taxable account? IIRC there is an additional 10% tax on capital gains when you withdraw for reasons other than school expenses, but there's also been years of t...
by dash1s
Wed Apr 18, 2018 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Weighted Expense Ratio Calculator
Replies: 7
Views: 1326

Re: Weighted Expense Ratio Calculator

The SUMPRODUCT function in excel. In two different array's, list the expense ratios of all your holdings and their particular weight in your portfolio. Array 1 = expense ratios. Array 2 = Portfolio Weight. Formula =SUMPRODUCT(Array1,Array2).
by dash1s
Wed Apr 18, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Flexible Spending Account Plan Year Overlap
Replies: 3
Views: 314

Re: Flexible Spending Account Plan Year Overlap

Plan year 2018 contribution limit is $2650. Not sure though if she still has the $1000 or it was forfeited when she left her former employer. Check IRS Publication 969 for more info: https://www.irs.gov/pub/irs-pdf/p969.pdf Pretty sure I read somewhere that you do not have to forfeit any FSA amount...
by dash1s
Tue Apr 10, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: 8606 form - am I filling it correctly?
Replies: 32
Views: 3045

Re: 8606 form - am I filling it correctly?

Awesome. Got it. Thanks everyone.
by dash1s
Tue Apr 10, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: 8606 form - am I filling it correctly?
Replies: 32
Views: 3045

Re: 8606 form - am I filling it correctly?

- Splitting the 5,500 between 4,650 in roth (believe this is the most I could do because of a reduced contribution limit) and 850 as a non-deductible traditional IRA contribution (whatever is left of the 5,500 that can not go directly into a roth). - There were no conversions that occurred in the c...
by dash1s
Tue Apr 10, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: 8606 form - am I filling it correctly?
Replies: 32
Views: 3045

Re: 8606 form - am I filling it correctly?

Ah, interesting. Originally, I split them up with the understanding that $4,650 would be free and clear from the get go and that the $850 would be subject to the 5 year rule.

Thanks for point this out. I will take a read through of these documents.
by dash1s
Mon Apr 09, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: 8606 form - am I filling it correctly?
Replies: 32
Views: 3045

Re: 8606 form - am I filling it correctly?

FiveK wrote:
Mon Apr 09, 2018 11:44 am
The $4650 and the Form 8606 Part I look correct.
Thank you very much.
by dash1s
Mon Apr 09, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: 8606 form - am I filling it correctly?
Replies: 32
Views: 3045

Re: 8606 form - am I filling it correctly?

This is my first year doing roth IRA and I normally do all my taxes by hand/excel…. I’m pretty sure I did this accurately, but would anyone just mind sanity checking my numbers -- my reduced roth ira contribution limit and reporting my basis on form 8606? Really would be much appreciated and Ive lea...
by dash1s
Tue Mar 13, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to open a 529? (young investor)
Replies: 21
Views: 1909

Re: Any reason not to open a 529? (young investor)

I do this already, even though we don't have kids yet. I figure we should save now when financial pressures are minimal (we're DINKs) and effective tax rates are high, and once we have kids and one/both of us take lower paying jobs, we can just watch the balance grow (compounding returns FTW). Righ...
by dash1s
Tue Mar 13, 2018 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to open a 529? (young investor)
Replies: 21
Views: 1909

Re: Any reason not to open a 529? (young investor)

I kick myself for not doing this at 22 for the all the reasons you listed below.
by dash1s
Wed Mar 07, 2018 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Unused 529 account?
Replies: 13
Views: 1503

Re: Unused 529 account?

I would agree. But I would double check on how long you'll be able to avoid that 10% penalty due to the scholarship. Ie when does it expire.
by dash1s
Wed Mar 07, 2018 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Unused 529 account?
Replies: 13
Views: 1503

Re: Unused 529 account?

I am not a 529 expert though have been trying to learn the in's and out's of these plans over the last month. Someone correct me if I am wrong but I was under the impression you are allowed to make a non-qualified distribution (to yourself) up to the amount of a college scholarship and penalty free....
by dash1s
Thu Feb 08, 2018 8:45 pm
Forum: Personal Consumer Issues
Topic: Scrapping old computer parts
Replies: 25
Views: 2176

Re: Scraping old computer parts

Steven in NC wrote:
Thu Feb 08, 2018 7:36 pm
If you decide to discard the hard drive just take a drill and drill a few holes right thru it.
+1.