Search found 9492 matches

by Kevin M
Sat Jun 23, 2018 8:36 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 69
Views: 7794

Re: I-bonds look pretty bad right now

To illustrate the 3-month penalty thing until you've held your I Bonds for five years, I can use some I Bonds I actually own, since I have some I've owned for more than five years, and some I've owned for less than five years. As far as I can tell, Treasury Direct (TD) does not provide history funct...
by Kevin M
Sat Jun 23, 2018 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% Steady Income from $1.1 Mil Nest Egg
Replies: 30
Views: 3575

Re: Need 3% Steady Income from $1.1 Mil Nest Egg

You can see that I am easily confused. I do have taxable funds but no brokerage. I'm glad to know that I can have an IRA brokerage account. Thanks for your help. If neither your taxable account nor IRA account is a brokerage account, then you must have opened the accounts several years ago when Van...
by Kevin M
Sat Jun 23, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 69
Views: 7794

Re: I-bonds look pretty bad right now

For those looking to dump their I Bonds with 0% real rates, a good time might be if we have a 6-month period of 0% or less inflation, as you will then be able to sell them with no penalty, but you have to hold them for three months earning 0% first. Kevin Kevin, can you explain why you believe you ...
by Kevin M
Sat Jun 23, 2018 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: CA Muni bond fund - reinvest vs transfer to MMF
Replies: 10
Views: 558

Re: CA Muni bond fund - reinvest vs transfer to MMF

Vanguard bond fund dividends are accrued daily and credited monthly.

Kevin
by Kevin M
Sat Jun 23, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% Steady Income from $1.1 Mil Nest Egg
Replies: 30
Views: 3575

Re: Need 3% Steady Income from $1.1 Mil Nest Egg

Thanks for the information. I just watched a video on Vanguard on how to buy cd's. I want to make sure that I keep my settlement account in my IRA. Is there a separate IRA settlement account? I don't currently have a brokerage account; I've avoided having one. I think you may be confusing "brokerag...
by Kevin M
Sat Jun 23, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% Steady Income from $1.1 Mil Nest Egg
Replies: 30
Views: 3575

Re: Need 3% Steady Income from $1.1 Mil Nest Egg

Kevin, I don't mean to highjack this subject, but could you tell me how to purchase a new cd from Vanguard? I have IRA funds in the Vanguard Total Bond Fund that I would like to buy a couple of cd's with. I have never bought a cd from Vanguard. Thanks for your help. First, you need to make sure you...
by Kevin M
Sat Jun 23, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: CA Muni bond fund - reinvest vs transfer to MMF
Replies: 10
Views: 558

Re: CA Muni bond fund - reinvest vs transfer to MMF

Thanks, will reinvesting cause difficulty in tracking tax lots etc when it comes time to sell? Vanguard, or whatever broker you are using, will keep track of it all for you. You can select what type of cost basis method you want to use. For optimal tax management, use specific ID, which allows you ...
by Kevin M
Sat Jun 23, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: CA Muni bond fund - reinvest vs transfer to MMF
Replies: 10
Views: 558

Re: CA Muni bond fund - reinvest vs transfer to MMF

Yeah, no federal or state taxes on dividends if a CA resident, and any capital gains distributions are taxed the same whether you reinvest them or not.

In general, all distributions are taxed the same whether you reinvest them or not.

Kevin
by Kevin M
Sat Jun 23, 2018 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Fund in Taxable / Large Unrealized Gain Question
Replies: 13
Views: 819

Re: Target Date Fund in Taxable / Large Unrealized Gain Question

The fund has only about 15% in bonds, so not a big deal. So at a distribution yield of about 2.7%, you're only paying ordinary income tax on 70,000 * 15% * 2.7% = $284 per year. Only problem is that the fund is on it's glidepath, so allocation to bonds will gradually increase. I think I'd wait until...
by Kevin M
Sat Jun 23, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Northern Bank Direct MM - 2.26% APY
Replies: 16
Views: 2289

Re: Northern Bank Direct MM - 2.26% APY

Kind of a moot point except for those of us who got in under the wire, but for those of us who did, here's my update. Trial deposits/withdrawals hit my Ally checking account today, so I was able to complete the account setup with no glitches. Next step is for them to pull the initial $5K deposit fro...
by Kevin M
Sat Jun 23, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: CD Maturity notice
Replies: 6
Views: 329

Re: CD Maturity notice

mickeyd wrote:
Sat Jun 23, 2018 2:33 pm
I'm pretty sure that I should have done it that way as I have about $5 in some kind of NFCU account.
That would be the "share account" I mentioned.

Kevin
by Kevin M
Sat Jun 23, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: CD Maturity notice
Replies: 6
Views: 329

Re: CD Maturity notice

This sort of thing is the reason I don't chase CD yields. I just go to Vanguard and get brokered CDs. Everything is easy and straightforward. Brokered CDs currently are a good deal compared to direct CDs, so I agree that in the current environment this is the way to go. However, I've been finding g...
by Kevin M
Sat Jun 23, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% Steady Income from $1.1 Mil Nest Egg
Replies: 30
Views: 3575

Re: Need 3% Steady Income from $1.1 Mil Nest Egg

I'm not going to comment about whether the way you're thinking is right or wrong, good or bad. I'll just tell you that you currently can earn 3% nominal on a 3-year new-issue brokered CD, bought from Vanguard, Fidelity or Schwab. You can earn close to that, 2.80%, on a new-issue 2-year brokered CD. ...
by Kevin M
Sat Jun 23, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: CD Maturity notice
Replies: 6
Views: 329

Re: CD Maturity notice

Mickeyd - Do you have any type of account (savings or checking) with NFCU? If so you could probably put the proceeds in one of those accounts and then electronically send it to USAA. All credit unions require you to have a "share" account with a few dollars in it (every one I've ever dealt with any...
by Kevin M
Sat Jun 23, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: 2.7 13-Month CD
Replies: 7
Views: 805

Re: 2.7 13-Month CD

Yep, with 1-year brokered CD at 2.40%, 2.7% for 13-month is great.

Hopefully you won't have an emergency that requires you to do an early withdrawal, as that could result in a low or even negative return, depending on the early withdrawal terms.

Kevin
by Kevin M
Sat Jun 23, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 69
Views: 7794

Re: I-bonds look pretty bad right now

Kevin, I agree regarding buying now. I was only referring to any that are already owned. If someone already owns an I bond, it's just as rational to keep it, whether more or less than 5 years old. Or maybe more rational if less than 5 years old, actually. Agreed. My main point was that someone buyi...
by Kevin M
Sat Jun 23, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 38
Views: 2409

Re: Short-term Treasury ETF vs just buying Treasuries

This is the reason to have a strategy like requiring at least 20 basis points of extra yield per extra year of maturity. We don't know whether sticking with shorter maturities or going with longer maturities will do better, so we just require that we at least get a sufficient term premium to take t...
by Kevin M
Sat Jun 23, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 69
Views: 7794

Re: I-bonds look pretty bad right now

I was going to mention that, but then I thought that the penalty is really a sunk cost. Alternatively, if they were more than 1 year but less than 5 years old, you could look at the penalty as boosting your YTM through year 5. Maybe that way is better as the penalty is based on the most recent peri...
by Kevin M
Sat Jun 23, 2018 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 38
Views: 2409

Re: Short-term Treasury ETF vs just buying Treasuries

This is the reason to have a strategy like requiring at least 20 basis points of extra yield per extra year of maturity. We don't know whether sticking with shorter maturities or going with longer maturities will do better, so we just require that we at least get a sufficient term premium to take t...
by Kevin M
Sat Jun 23, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 69
Views: 7794

Re: I-bonds look pretty bad right now

I don't see them making sense for me, although I continue to hold the relatively small amount I already have (somewhat irrationally I think). I don't think it's irrational to keep them...not yet. The 0% ones are earning at least 2.22%, some are still earning 2.48%. Since they are more than 1 year o...
by Kevin M
Fri Jun 22, 2018 9:28 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 69
Views: 7794

Re: I-bonds look pretty bad right now

On the other hand, you're applying the 3 month penalty to the Ibond, but not the early redemption fee of the CD (or price fluctuations on a brokered CD). No early redemption or fluctuation in terminal value if you hold the CD to maturity, which is what I was talking about. So you know you'll earn 2...
by Kevin M
Fri Jun 22, 2018 8:34 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 69
Views: 7794

Re: I-bonds look pretty bad right now

I don't think it's accurate to say that an I Bond is necessarily better than a savings account or 1-year CD, since this ignores the penalty of three months of interest if redeemed within the first five years. Real rate is 0.3%, inflation rate is 2.22%, for composite rate of 2.52%. Say inflation is a...
by Kevin M
Fri Jun 22, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Purchasing VCTXX [Vanguard California Municipal Money Market]
Replies: 1
Views: 213

Re: Purchasing VCTXX [Vanguard California Municipal Money Market]

sorry for the simple question but can I purchase Vanguard Municipal Money Market Fund (VCTXX) at any brokerage? Is there any advantage to buying it at Vanguard vs other (ie merrill edge or schwab) other than trading fees? Thinking about moving some of my cash from ally bank into vctxx. thanks in ad...
by Kevin M
Fri Jun 22, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: Maturing Credit Union 3% CD's this year
Replies: 37
Views: 3228

Re: Maturing Credit Union 3% CD's this year

When I buy CDs I buy several small certificates instead of 1 large one... Ten $10k certs instead of one $100k cert. That way if I have/want to break one I don't have to eat the EWP on the entire amount - unless I break them all. Some credit unions allow partial withdrawals, and you only pay penalty...
by Kevin M
Fri Jun 22, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on 9 or 12 month CD
Replies: 16
Views: 1247

Re: Questions on 9 or 12 month CD

Also keep in mind that Vanguard Prime money market yield now is 1.91%, so not much less than the Ally 9-month CD, and at the rate it's been climbing, I won't be surprised to see it at 2% in less than a month. What is the minimum investment, and the minimum balance, to receive that level interest? T...
by Kevin M
Fri Jun 22, 2018 3:51 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

Fido may be better for less than 10, due to commission. Here's one with only 3 available, Eaglebank Bethesda M 2.4% CD 03/16/2020, CUSIP 27002YDN3, I'd be interested to see what Fidelity's price is for those 3. Schwab's is: Market Price: $2,983.29 Estimated Markup: $10.00 Principal Amount: $2,993.2...
by Kevin M
Fri Jun 22, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

Schwab shows $98.700 while Fidelity shows $98.600 to me What does it show in your screen? Look at the price first, before analyzing what yield they show you. If the price is not the same, Schwab is selling it at a premium. The premium is $0.100 and it is very consistent. What we have determined is ...
by Kevin M
Fri Jun 22, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks for getting that comparison in time Kevin. There were only 12 when I had looked. They are all gone now, so I did not get a chance to see how they listed it with just one. I am assuming in that case they would include the full $10 minimum commission, but I will have to verify that with anothe...
by Kevin M
Fri Jun 22, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 60
Views: 7809

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

2. At Fidelity, you can only buy in lots of 10, so for a T-bill, you can buy in $1000 increments. So, if you want $40k worth of bonds, you'll need to enter "40" as your order. This is explained pretty well on the order screen. I think this is partially incorrect. As far as I can tell, you can buy m...
by Kevin M
Fri Jun 22, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

I would think that in order to sell, the secondary ones would need to be priced to pay at least the same as a new issues after commission?<snip> You'd think so, but that's not the case. Here's the chart of unfiltered net yields vs. maturity date for the CDs I pulled from Fidelity today: https://s26...
by Kevin M
Fri Jun 22, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

Correct me if I am wrong, but I also imagine there would be little incentive to selling brokered CDs when rates increase in order to buy a better brokered CD, since the loss of value of the CD at premature sale would likely counterbalance the advantage of buying a new issue at a better rate. This s...
by Kevin M
Fri Jun 22, 2018 12:40 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

Following up on secondary CDs at Schwab, with the market open... One thing is there are about a billion more secondary CDs there now. But more importantly it appears that they calculate YTM including commission. I looked for CDs yielding at least 2.8% and the earliest maturing one makes for a fairl...
by Kevin M
Thu Jun 21, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

As I mentioned there, it should be pretty easy to find a 3-year CD at 3.1% on the secondary market, even after commission. As another example, about a week ago, I bought some of a 31-month CD at a net yield of about 3.05%, so five month less maturity and higher yield than a new-issue 3-year CD. Alt...
by Kevin M
Thu Jun 21, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 38
Views: 2409

Re: Short-term Treasury ETF vs just buying Treasuries

I'm just trying to get a handle on whether holding money I don't need right away in Vanguard's Prime Money Market, VMMXX, would bring more income in some form of Treasury investment: always, sometimes, 50/50, rarely, etc. For example, I found this link https://thefinancebuff.com/treasury-bills-cd-m...
by Kevin M
Thu Jun 21, 2018 6:28 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

Any reason not to buy a new issue callable CD? If they call it for some reason, I just can just buy another most likely with a higher yield. Just when I was about to order one I had been looking at was gone, but a new one that seems interesting has appeared. It is a 3 year at 3.1%, callable in 6 mo...
by Kevin M
Thu Jun 21, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

I am curious though- since the CDs are issued by actual banks, are they covered by FDIC insurance when purchased through Fidelity via the secondary market, just as if you bought them directly through the bank in question? In your search results screen, look at the far-right column, Attributes and I...
by Kevin M
Thu Jun 21, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

Today at Fidelity, the yield on new-issue 3-year CD increased from 3.00% to 3.10%, yield on the 1-year increased to 2.40% (was at 2.30% yesterday I think, but it hit 2.35% a few times recently), and yield on 5-year increased to 3.40%. Yield on new-issue 2-year unchanged at 2.80%. The 3.10% is offere...
by Kevin M
Thu Jun 21, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 38
Views: 2409

Re: Short-term Treasury ETF vs just buying Treasuries

In the case of Treasuries bought and sold on the secondary market, comparision with a bond ETF seems fair. OTOH, with short term Treasuries bought at auction and held to maturity, there is no issue of price fluctuation, so a comparison with money market rates might be more appropriate. I am not com...
by Kevin M
Thu Jun 21, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

jeffyscott wrote:
Thu Jun 21, 2018 2:09 pm
One more beginner's question...

The order options were "fill or kill" or "market", does this choice even matter for a new issue CD? I just left it on the one it had defaulted to, "fill or kill".
Shouldn't matter for new issue. I always leave it at the default of fill or kill.

Kevin
by Kevin M
Thu Jun 21, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating After Tax yield on CD
Replies: 7
Views: 907

Re: Calculating After Tax yield on CD

As for the ex-pat taxes, in my case it is all hypo tax. I pay my home state income tax. I should have moved my domicile to Texas before all this... With hypo tax do you get the state tax exemption on US Treasury interest? If so, you should factor your state income tax into your taxable-equivalent y...
by Kevin M
Thu Jun 21, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 38
Views: 2409

Re: Short-term Treasury ETF vs just buying Treasuries

It is a taxable account. My marginal federal rate is 22% and state is 3%. OK, so since you don't pay state income tax on Treasuries, they are taxed at 22%, while savings accounts, money market funds, CDs, etc. are taxed at 25% (assuming you don't itemized and get a federal deduction for state incom...
by Kevin M
Wed Jun 20, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 38
Views: 2409

Re: Short-term Treasury ETF vs just buying Treasuries

- If I buy at an auction I just get the same price as everyone else, right? Yes. The idea is to avoid the bid/ask spread? No. to avoid the large-quantity / small-quantity spread. - Am I likely to get a yield similar to what's currently advertised on the Fidelity web page for a similar maturity? Fid...
by Kevin M
Wed Jun 20, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 38
Views: 2409

Re: Short-term Treasury ETF vs just buying Treasuries

But apparently I can get a 3-month Treasury with an SEC yield of 1.97%.-term savings? One thing to be aware of is that the yield you see on the Fidelity yields summary page could be for a maturity of up to a month more than indicated. For example, the 1.97% is for a Treasury maturing 10/18/2018, so...
by Kevin M
Wed Jun 20, 2018 4:35 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

Kevin, we’re using fidelity, so it’s $1 for a 1,000 cd secondary purchase. So I guess instead of it yielding 3.111% it yields 3.101. It was also bought yesterday so 6-15-2021 is just under 3 years. Yes, slightly less than 3-year maturity, so better to compare to 3-year than 2-year. Soonest settleme...
by Kevin M
Wed Jun 20, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 159
Views: 16330

Re: Vanguard Municipal Money Market VMSXX 1.39%

Here's a source which explains the seasonal variability in money market funds: https://www.gsam.com/content/dam/gsam/pdfs/us/en/fund-literature/investment-solution/ps-tax-free.pdf?sa=n&rd=n This seems to kind of explain some of it, but some of the explanations do not match what we've seen over the ...
by Kevin M
Wed Jun 20, 2018 2:35 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

I purchased a 1 lot cd maturing 6-15-2021 from some small bank like St. Cloud or something at 3.111 yesterday for my parents ira. Was this a decent yield compared to the market? Most two years were about 2.86% at the time so I figured the extra 0.25% yield was worth it. I believe it compounds month...
by Kevin M
Wed Jun 20, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating After Tax yield on CD
Replies: 7
Views: 907

Re: Calculating After Tax yield on CD

You need to factor in the EWP of 12 months of interest on your existing CD. Using this calculator, https://www.depositaccounts.com/tools/break-cd-calculator.aspx, you will find that you must earn a taxable-equivalent yield (TEY) of about 3.15% on a 32-month security to make breaking the CD barely wo...
by Kevin M
Wed Jun 20, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 262
Views: 34960

Re: 2-year CDs at Vanguard and Fidelity Today

Bought 18 mo. maturity at Fido on secondary market today- yield 2.79% lowered to about 2.73% after commission. Bought 24 mo. maturity at Fido on secondary market today- yield about 2.92% after commission. Nice. What quantities? Typically see the best deals on small quantities, like 5 or less. Kevin
by Kevin M
Tue Jun 19, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 159
Views: 16330

Re: Vanguard Municipal Money Market VMSXX 1.39%

The downswing in the muni MM funds was deeper relative to Prime MM this cycle than last cycle. However, the upswing so far is steeper than the last upswing (as always, the TEYs are for my marginal tax rates of 27% and 8%, no itemizing). https://s26.postimg.cc/87tikxg95/Money_Market_TEYs20180619.png ...
by Kevin M
Tue Jun 19, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Advice - Parking cash before it gets paid in taxes
Replies: 8
Views: 1057

Re: Advice - Parking cash before it gets paid in taxes

I think you'll jump to the highest tax bracket and not the 24% fed / 9% state. Since this transaction is done, there's no point going back and debate whether you should defer your gain. It's a long-term capital gain, so it will put you into the highest state tax bracket. The federal marginal tax ra...