Search found 4071 matches

by iceport
Mon Aug 19, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help with SS calculation
Replies: 5
Views: 147

Re: Help with SS calculation

If you have the patience to input your actual earnings history, the "Online Calculator" will reward you by allowing you to enter a retirement age, and assuming your earnings stop that year. Thus, the benefit estimate will be more accurate than anything assuming your earnings continue to at least age...
by iceport
Mon Aug 19, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Which calculator/tool to use on mtgprofessor to compare rates?
Replies: 1
Views: 124

Re: Which calculator/tool to use on mtgprofessor to compare rates?

I received quotes from a few lenders. Someone here told me I can use a calculator on mortgage professor to do the comparison. Does anyone know which tool/calculator I should use? I tried to look for it but couldn't find it. Thanks. The Mortgage Professor's site is a treasure trove of great info. Yo...
by iceport
Mon Aug 19, 2019 10:51 am
Forum: Personal Investments
Topic: Wash sale question
Replies: 14
Views: 486

Re: Wash sale question

rkhusky wrote:
Mon Aug 19, 2019 10:45 am
Or there could be reporting exceptions.
This seems extremely likely to me.

Gaps in Cost Basis Reporting

Special Report: The 1099-B Problem
by iceport
Mon Aug 19, 2019 10:30 am
Forum: Personal Investments
Topic: Wash sale question
Replies: 14
Views: 486

Re: Wash sale question

Sounds like you might need to talk to Schwab and your accountant. I thought brokerages were required to report wash sales for the same security in the same account. This article from Schwab indicates that https://www.schwab.com/resource-center/insights/content/a-primer-on-wash-sales If non-covered ...
by iceport
Mon Aug 19, 2019 10:26 am
Forum: Personal Investments
Topic: Simple tax loss harvesting strategy
Replies: 12
Views: 1270

Re: Simple tax loss harvesting strategy

If all in the same account, then no worries either because there would eventually be no disallowed loss anyways. Maybe so. But it could also be instructive that your broker could botch the call in what you consider such a clear case of no wash sale. While most of such "false positives" I've seen wr...
by iceport
Sun Aug 18, 2019 8:37 pm
Forum: Personal Investments
Topic: Simple tax loss harvesting strategy
Replies: 12
Views: 1270

Re: Simple tax loss harvesting strategy

I'd be interested in other perspectives. Thanks. My perspective is that it is not even close to wash sale and I will sell without any worries about a wash sale. But I can see how a worrywart might worry about it. No worries here! 8-) (But I do wonder how many brokers might call it a wash sale if al...
by iceport
Sun Aug 18, 2019 2:43 pm
Forum: Personal Investments
Topic: Simple tax loss harvesting strategy
Replies: 12
Views: 1270

Re: Simple tax loss harvesting strategy

I am going to use this thread to ask my own TLH and wash sale question for real case: 1. We bought shares of IJS in taxable account on 7/15/2019 after transferring a dividend paid by VBR from another account. Those shares of IJS now show a 3.3% loss that we wish to tax-loss harvest. 2. On 8/5/2019 ...
by iceport
Sun Aug 18, 2019 12:45 pm
Forum: Personal Investments
Topic: Simple tax loss harvesting strategy
Replies: 12
Views: 1270

Re: Simple tax loss harvesting strategy

Sorry my example wasn’t clear. I don’t currently hold vtsax in my taxable account but it was just used as an example. For the sake of illustration, let say i have 50/50 vtsax and vfiax in my taxable account. Let say i stop contribution to vtsax and do 100% vfiax. When market is down and there’s a l...
by iceport
Sun Aug 18, 2019 1:05 am
Forum: Personal Investments
Topic: Simple tax loss harvesting strategy
Replies: 12
Views: 1270

Re: Simple tax loss harvesting strategy

Could you review my strategy below and let me know if I am missing something crucial? I currently buy 100% VTSAX in my 401k , 100% VFIAX in my roth ira n taxable accounts. Let say I switch to auto buying VSMAX and VLACX 12/88% split and sell my existing vtsax when stocks are down , will that work f...
by iceport
Wed Aug 14, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting and 30 days Prior Wash Sale Scenario
Replies: 19
Views: 825

Re: Tax Loss Harvesting and 30 days Prior Wash Sale Scenario

^ My preferred source of advice is clearly stated.
by iceport
Wed Aug 14, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting and 30 days Prior Wash Sale Scenario
Replies: 19
Views: 825

Re: Tax Loss Harvesting and 30 days Prior Wash Sale Scenario

More supporting evidence: See whether your broker tells you it is a wash sale. WARNING: I would *not* recommend using your brokerage's wash sale reporting as valid evidence of anything — at all. OK, I will agree with you. So this means that there is no one to believe about any wash sale ever. Are y...
by iceport
Wed Aug 14, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting and 30 days Prior Wash Sale Scenario
Replies: 19
Views: 825

Re: Tax Loss Harvesting and 30 days Prior Wash Sale Scenario

Apparently, there has been no definitive ruling on this example. +1. I do not agree with Fairmark on their example 4, but I am obviously not a tax litigator. If this is not a wash sale than it appears to amount to a violation of step doctrine in my view. Basically you are working around doing exact...
by iceport
Wed Aug 14, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting and 30 days Prior Wash Sale Scenario
Replies: 19
Views: 825

Re: Tax Loss Harvesting and 30 days Prior Wash Sale Scenario

More supporting evidence: See whether your broker tells you it is a wash sale. WARNING: I would *not* recommend using your brokerage's wash sale reporting as valid evidence of anything — at all. Their reporting requirements are different than the reporting requirements of individual taxpayers. Peri...
by iceport
Wed Aug 14, 2019 11:48 am
Forum: Investing - Theory, News & General
Topic: Rebalancing Question within a 401k
Replies: 2
Views: 188

Re: Rebalancing Question within a 401k

My investment rules are to automatically rebalance when my AA (which is 75% stocks / 25% bonds... all index funds) is off by 5%. I'm currently at 73% stocks / 27% bonds which isn't 5%. But I'm now questioning the 5% rule I set for myself earlier this year when I transitioned to a 3-fund portfolio. ...
by iceport
Wed Aug 14, 2019 10:43 am
Forum: Investing - Theory, News & General
Topic: Confused, bummed, and concerned
Replies: 66
Views: 8786

Re: Confused, bummed, and concerned

Hi typicalmillenial, Your feelings are understandable, but you are actually in a fantastic position! If you've already adopted the passive investing strategy consistent with the Boglehead philosophy at your age, you're way ahead of the game! Seriously. 8-) First, expected market returns are enormous...
by iceport
Mon Aug 12, 2019 9:27 am
Forum: Investing - Theory, News & General
Topic: The fallacy of Dollar Cost Averaging
Replies: 101
Views: 8389

Re: The fallacy of Dollar Cost Averaging

Research has shown that lump sum is better most of the time. However, DCA has a "psychological" advantage. I suppose, but, psychologically, my brain wants to have the best chance of receiving a higher return on my investment. If I wasn't comfortable with the amount invested in equities at the time ...
by iceport
Sat Aug 10, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: The fallacy of Dollar Cost Averaging
Replies: 101
Views: 8389

Re: The fallacy of Dollar Cost Averaging

Research has shown that lump sum is better most of the time. However, DCA has a "psychological" advantage. I suppose, but, psychologically, my brain wants to have the best chance of receiving a higher return on my investment. If I wasn't comfortable with the amount invested in equities at the time ...
by iceport
Sat Aug 10, 2019 10:18 am
Forum: Investing - Theory, News & General
Topic: The fallacy of Dollar Cost Averaging
Replies: 101
Views: 8389

Re: The fallacy of Dollar Cost Averaging

Research has shown that lump sum is better most of the time. However, DCA has a "psychological" advantage. Research has also shown that for the one third of the time that lump sum investing proves to be worse, DCA provides a "real" advantage, not just a "psychological" one. So lump sum investing ha...
by iceport
Fri Aug 09, 2019 2:39 pm
Forum: Personal Consumer Issues
Topic: Breakfast Menu After Retirement
Replies: 73
Views: 9428

Re: Breakfast Menu After Retirement

For those retired creatures of habit, did your breakfast eating habits change once you retired? Only a little bit. For years it's been 2 oz. of a blend of whole grain organic cereals with as little added sugar as I can find (which is getting tougher to do all the time); 1 banana, 3-4 oz. of blueber...
by iceport
Fri Aug 09, 2019 1:13 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

^^^ Huh :?: :?: :?:

The wash sale period is only 61 days...

The whole line of reasoning is bogus.
by iceport
Fri Aug 09, 2019 9:46 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

Since then, it's been opportunistic, mainly with two views 1) I have a couple funds that I no longer want, but with so much capital gains in them that I don't want a tax hit to sell them. Neither fund is so horrible or so far away from my goals that I think I should take the tax hit today and move ...
by iceport
Thu Aug 08, 2019 7:50 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

...used deliberately to accomplish the very thing which Congress intended to frustrate... The funny thing is, I feel guilty tax-loss harvesting according to the letter of the law using a replacement asset. It just seems too easy to claim a loss while staying invested. Others seem to feel no guilt a...
by iceport
Thu Aug 08, 2019 6:45 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

That actually makes a lot of sense. The taxpayer does not have any ability to choose the basket of funds in the 401k. A brokerage inside a 401k.... True. But if a substantially identical asset is offered, doesn't the taxpayer have direct control over the buying and selling of that asset? Nobody's s...
by iceport
Thu Aug 08, 2019 6:23 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

The choices and timing of purchases in 401ks are largely not under the control of the taxpayer and that is the difference from other trusts like the one described in the court case and IRAs. Wait, what??? The fund choices are irrelevant. If the plan does not include a substantially identical asset ...
by iceport
Thu Aug 08, 2019 5:26 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

Can you provide an IRS ruling that says that IRA's were not subject to the wash sale rule at some point prior to 2008? That would be evidence that the IRS changed their interpretation of the wash sale rule. No but this gets back to the situation that the IRAs are not accounts owned by the taxpayer ...
by iceport
Thu Aug 08, 2019 3:23 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

^^ All of this Herculean effort, these mental gymnastics and tortured logic, just to avoid the simple solution of finding a different index to track that performs practically the same? Wow. :?
by iceport
Thu Aug 08, 2019 1:13 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

...so why would 401ks participate in wash sales? Because they are part of one's financial position, perhaps? Where does the law or IRS regulations discuss "financial position"? Apparently, the relevance of one's "financial position" was clarified back in 1939 in the United States Court of Appeals f...
by iceport
Thu Aug 08, 2019 12:17 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

...so why would 401ks participate in wash sales? Because they are part of one's financial position, perhaps? Essentially, you are asking why shouldn't it be legal to claim a loss without changing your financial position. The answer is that there is a law against doing so within a 61 day period arou...
by iceport
Wed Aug 07, 2019 6:38 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

What happens if you sell at a loss, but do not TLH? Is the old basis transferred to the replacement asset? If you fail to avoid a wash sale, and have purchased a replacement investment within the 61 day wash sale period that is substantially identical, then you have a wash sale, and at least a port...
by iceport
Wed Aug 07, 2019 5:51 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

What happens if you sell at a loss, but do not TLH? Is the old basis transferred to the replacement asset? Your question is unclear. If you sell at a loss, you've accomplished a TLH, whether that was the intent or not. When you report the sale on your tax return, the loss will be reported and it wi...
by iceport
Wed Aug 07, 2019 3:23 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

When the subject matter is in the grey area, we just need to think about the potential cost and benefits for the client. Eliminate the grey area, eliminate the risk, and eliminate all tax benefits for your client, ensuring that they lose more money in taxes than is necessary . FTFY There's tax plan...
by iceport
Wed Aug 07, 2019 1:21 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

Letter of the law followed, spirit quite effectively violated. But that's not enough for some folks? You feel the need to risk violating the letter of the also? Why? A sense of adventure? An attitude that you should be able to claim a loss with absolutely no change whatsoever in your financial posi...
by iceport
Wed Aug 07, 2019 1:00 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

Letter of the law followed, spirit quite effectively violated. But that's not enough for some folks? You feel the need to risk violating the letter of the also? Why? A sense of adventure? An attitude that you should be able to claim a loss with absolutely no change whatsoever in your financial posi...
by iceport
Wed Aug 07, 2019 11:36 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

I still don't get what all the fuss is about. For passive (index fund) investors, violating the spirit of the wash sale rule while complying with the widely accepted interpretation of the letter of the law is child's play. It's really quite simple. You find another fund that tracks a different index...
by iceport
Tue Aug 06, 2019 10:46 am
Forum: Personal Investments
Topic: TLH for the first time - want to make sure I do it correctly
Replies: 10
Views: 646

Re: TLH for the first time - want to make sure I do it correctly

Does Vanguard automatically keep track of any wash sales and adjust the basis accordingly? Someone posted in another thread they had to keep the documentation for years which sort of freaked me out. Thanks! They cannot keep track of wash sales that they don't know about. If you create a wash sale w...
by iceport
Tue Aug 06, 2019 12:39 am
Forum: Personal Investments
Topic: Tax Loss Harvest - IVV for ITOT
Replies: 3
Views: 314

Re: Tax Loss Harvest - IVV for ITOT

Thank you MotoTrojan I am trading through Fidelity. Is there a way to do a single trade/swap, or will I need to do separate sell and buy actions? You'll need separate buy and sell transactions. In this way, ETFs are more primitive and don't enjoy the trading advancements that mutual funds offer, i....
by iceport
Tue Aug 06, 2019 12:18 am
Forum: Investing - Theory, News & General
Topic: Where do you put your sinking fund?
Replies: 23
Views: 2221

Re: Where do you put your sinking fund?

I've never heard the term "sinking fund" before this thread. I'm assuming it means a checking, savings, or MM account (i.e. cash), but why the switch in names? :confused It's just another form of budgeting both short and longer term goals. I have sinking funds for vacation, Christmas, birthday pres...
by iceport
Sun Aug 04, 2019 9:35 pm
Forum: Investing - Theory, News & General
Topic: Where do you put your sinking fund?
Replies: 23
Views: 2221

Re: Where do you put your sinking fund?

It's doesn't seem to be discussed here often, but I think your described use of a sinking fund is an excellent idea! While I was working I did pretty much the same thing. I had a stable job, so I allowed my sinking fund to double as an emergency fund. I was content for a long time using my credit un...
by iceport
Sun Aug 04, 2019 11:09 am
Forum: Investing - Theory, News & General
Topic: ETF How To [How do I purchase and use ETFs in my portfolio?]
Replies: 53
Views: 2471

Re: ETF How To

Girya, For more objective advice on trading ETFs, Vanguard provides the following: A PDF guide publication: ‘Best practices’ for ETF trading: Seven rules of the road A more spartan web page guide: What are the best practices for trading ETFs? I prefer traditional mutual funds for the greater trading...
by iceport
Fri Aug 02, 2019 6:33 pm
Forum: Investing - Theory, News & General
Topic: "Bogleheads on Investing" episode 012 - guest Larry Swedroe, host Rick Ferri
Replies: 50
Views: 4829

Re: "Bogleheads on Investing" episode 012 - guest Larry Swedroe, host Rick Ferri

I liked Larry's take on umbrella insurance. I've been meaning to drop collision on my 11 year old car and add umbrella coverage, for a net decrease in insurance costs. This was a great reminder.
by iceport
Fri Aug 02, 2019 6:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Reopens Dividend Growth Fund-Press Release August 1
Replies: 27
Views: 3095

Re: VDIGX reopens

Have you defined an asset allocation for your portfolio? Does the fund portfolio fit within that asset allocation? If so, how well does it fit? Would it complicate the management of your portfolio to own an actively managed fund that currently consists of only 41 companies, with currently >9% intern...
by iceport
Fri Aug 02, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: "Bogleheads on Investing" episode 012 - guest Larry Swedroe, host Rick Ferri
Replies: 50
Views: 4829

Re: "Bogleheads on Investing" episode 012 - guest Larry Swedroe, host Rick Ferri

Stinky wrote:
Fri Aug 02, 2019 3:08 pm
YRT70 wrote:
Fri Aug 02, 2019 2:16 pm

Thank you for the podcast Rick. What part did you think was surprising?
+1

What was surprising?

(great podcast, as always)
That they're actually on very friendly terms?
by iceport
Thu Aug 01, 2019 5:14 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

^ I'm *not* OK with being stuck in a less desirable fund. As I noted, that's a worthwhile feature of the technique you described. I'm just saying the "substantially identical" test still applies; your technique does *not* make it irrelevant. I think we are word nit picking. The point I was trying t...
by iceport
Thu Aug 01, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

^ I'm *not* OK with being stuck in a less desirable fund. As I noted, that's a worthwhile feature of the technique you described. I'm just saying the "substantially identical" test still applies; your technique does *not* make it irrelevant. IRS Rev Ruling 2008-5 states that the wash sale rules wil...
by iceport
Thu Aug 01, 2019 4:56 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

^ I'm *not* OK with being stuck in a less desirable fund. As I noted, that's a worthwhile feature of the technique you described. I'm just saying the "substantially identical" test still applies; your technique does *not* make it irrelevant.
by iceport
Thu Aug 01, 2019 4:14 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 10216

Re: Tax Loss Harvesting Worth it?

The "substantially identical" question is largely irrelevant if you have a tax advantaged account. Say you want to TLH a S&P500 fund. Simply sell the fund and buy an intermediate term bond fund in your taxable account. In you tax advantaged account sell some of your TBM fund and buy a Total Stock M...
by iceport
Thu Aug 01, 2019 12:36 pm
Forum: Investing - Theory, News & General
Topic: Are You Rich?
Replies: 31
Views: 3261

Re: Are You Rich?

It's broken. I filled in all the questions but there's no "next" button or any way to get answers. Maybe they require me to subscribe. Same thing. Annoying. The "default" isn't at all relevant: wrong metro area, wrong income. Big deal. RM This issue cleared up for me when I temporarily disabled Gho...
by iceport
Thu Aug 01, 2019 12:33 pm
Forum: Investing - Theory, News & General
Topic: Investors Are Usually Wrong. A NYT Columnist (Finally) Admits He's One of Them.
Replies: 53
Views: 7023

Re: Investors Are Usually Wrong. A NYT Columnist (Finally) Admits He's One of Them.

There are few personal finance columnists I seem to ignore more consistently than Jeff Sommer, whose topics and advice must be written for someone other than me. Yet this week, the columnist has written what seems a genuinely enlightened piece. Hopefully, this marks a personal evolution milestone a...
by iceport
Wed Jul 31, 2019 12:33 pm
Forum: Investing - Theory, News & General
Topic: Investors Are Usually Wrong. A NYT Columnist (Finally) Admits He's One of Them.
Replies: 53
Views: 7023

Re: Investors Are Usually Wrong. A NYT Columnist (Finally) Admits He's One of Them.

... I read the article to say - that the reason the figures are better for those in annuities is that the constraints of the annuity prevent the investor from making financially poor decisions - ie. bailing out when the going gets rough. The answer is not to buy an annuity, The answer is to behave ...
by iceport
Wed Jul 31, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees - what's your spending like?
Replies: 36
Views: 4153

Re: Early retirees - what's your spending like?

Do you remember the movie "Papillion"? At the end, Steve McQueen needed to make a personal decision on whether to jump or not. That's how I was. I was pretty sure I could do it, studied it as carefully as possible, knew it stood a decent chance of succeeding ... but, also knew I was essentially doi...