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I've neglected to post my transfers lately but this last one took a bit longer so thought I'd share.

2/17: Initiated partial transfer
2/28: Transfer to Fidelity initiated
3/13: Money received at Fidelity

Nearly a month.

Thank you! Answers so far have been helpful.

I'm doing some research on the impact of fees on investing performance and struggling to find good data on historic expense ratios. Ideally, I want some solid sources on the types of fees that popular mutual funds were charging in the 60s and 70s or industry averages before index funds came about.

Does anyone know of good primary sources, or anything remotely reputable?

My question is, I don't care personally about not claiming a $2 loss. It's just not worth paying extra. But, more importantly, does the IRS care? The IRS is going to take the Gross Proceeds on your 1099-B (a copy of which they will have received electronically from the broker) and, in the absence of a Schedule D filed by you, they will assume that your cost basis was zero and assess you a tax liability on the entire gross proceeds. If you are in the zero CG bracket with that assessment it won't cost you a thing. Do you know? I believe I'm in the 15% bracket. Then in the absence of a Schedule D, the IRS will bill you for 15% of the Gross Proceeds on the 1099-B We're talking about less than 50 cents so basically it can be rounded down to zero.

I might look into the desktop version. Here's some more specific information. First of all, I don't see anything on my tax documents that says covered or non-covered. Second, I actually have both short-term and long-term losses. Short-term transactions include $1.89 in total proceeds with a cost basis of $2.35 for a total short-term loss of $0.46. Long-term transactions include $0.21 in total proceeds with a cost basis of $0.99 for a total long-term loss of $0.78. So my exact loss totals $1.24 on a total cost basis of $3.34. You bought $3.34 worth of stocks and sold for $2.10? Why? It was actually a forced sale of a stock I bought that did a reverse stock split. Instead of giving me fractional shares it forced a cash redemption. This was j...

I might look into the desktop version. Here's some more specific information. First of all, I don't see anything on my tax documents that says covered or non-covered. Second, I actually have both short-term and long-term losses. Short-term transactions include $1.89 in total proceeds with a cost basis of $2.35 for a total short-term loss of $0.46. Long-term transactions include $0.21 in total proceeds with a cost basis of $0.99 for a total long-term loss of $0.78. So my exact loss totals $1.24 on a total cost basis of $3.34. You bought $3.34 worth of stocks and sold for $2.10? Why? It was actually a forced sale of a stock I bought that did a reverse stock split. Instead of giving me fractional shares it forced a cash redemption. This was j...

Honestly I never even use the Live features so I might do the DIY Premier version if I really have to file this Schedule D.

I might look into the desktop version. Here's some more specific information. First of all, I don't see anything on my tax documents that says covered or non-covered.

Second, I actually have both short-term and long-term losses.

Short-term transactions include $1.89 in total proceeds with a cost basis of $2.35 for a total short-term loss of $0.46.

Long-term transactions include $0.21 in total proceeds with a cost basis of $0.99 for a total long-term loss of $0.78.

So my exact loss totals $1.24 on a total cost basis of $3.34.

jebmke wrote: ↑Wed Feb 01, 2023 9:06 am

roth evangelist wrote: ↑Wed Feb 01, 2023 8:42 am My question is, I don't care personally about not claiming a $2 loss. It's just not worth paying extra. But, more importantly, does the IRS care?

The IRS is going to take the Gross Proceeds on your 1099-B (a copy of which they will have received electronically from the broker) and, in the absence of a Schedule D filed by you, they will assume that your cost basis was zero and assess you a tax liability on the entire gross proceeds. If you are in the zero CG bracket with that assessment it won't cost you a thing. Do you know?

I believe I'm in the 15% bracket.

My question is, I don't care personally about not claiming a $2 loss. It's just not worth paying extra. But, more importantly, does the IRS care?

twh wrote: ↑Tue Jan 31, 2023 11:20 pm What version are you working with now?

Try to go to Forms mode and see if you can add Schedule D. It may be you can add it and fill it out manually, you just don't get the whole dialog.

I'm using Live Deluxe. They want me to upgrade to Live Premier. I will check to see if that is an option, because if so that should be a simple fix.

EDIT: Apparently this is a feature only available in the CD version. I'm using the browser version.

I'm using TurboTax to file and I have less than $2 in losses. Because I sold investments last year, TurboTax is going to force me to upgrade to their higher plan, which is much more than $2 obviously. So my question is, is it ok for me to simply not report the loss? Because if so, it's just not worth my trouble.

I got interviewed for a job recently, and the next step is for me to do a writing test. They will pay me to do the test, which is awesome. But I was just curious, what kind of income would this be? 1099 or W2? 1099 makes more sense, but what if I get the job? Would it be on my W2 next year? I have a separate checking account for self-employment income, and I like to keep things separate because of taxes, etc., so if anyone has any experience with a case like this I would greatly appreciate some insight. Thanks! roth evangelist, Do they pay you enough to take the test? Is it a test or some real work pretend to be a test? KlangFool It's a small writing assignment representative of some of the work I would be doing at the job. These sorts of ...

mreed911 wrote: ↑Mon Jan 23, 2023 9:09 pm Maybe neither if it's not over $600, in which case you'd simply report it along with other "unreported" earned income.

Good point. Didn't think about that. And it is less than $600.

I got interviewed for a job recently, and the next step is for me to do a writing test. They will pay me to do the test, which is awesome. But I was just curious, what kind of income would this be? 1099 or W2? 1099 makes more sense, but what if I get the job? Would it be on my W2 next year?

I have a separate checking account for self-employment income, and I like to keep things separate because of taxes, etc., so if anyone has any experience with a case like this I would greatly appreciate some insight. Thanks!

Hoping someone can clarify something for me. Everything I've read suggests that payment is based on your tax situation in 2020. So if your 2020 CA AGI was $250,000 and you had one dependent, you would get $750. But what if in 2022 you made $250,001 and have 0 dependents? That would qualify you for $400. Is this irrelevant? Will CA try to claw back $350 or no?

The most frustrating part of this question is that almost no article exists to address my particular situation, in which I have individual HDHP coverage and my wife is covered by a parent's family HDHP coverage. I only ever see examples where two spouse have family coverage or where one has non-HDHP coverage. Does anyone have any solid links that would answer this? What I cited above from Pub 969 and F8889 instructions are solid references that address your situation exactly. You are an eligible individual covered by a self-only HDHP plan. Your spouse is an eligible individual covered by a family HDHP plan. You both are treated as being covered by a family HDHP plan. A little goofy, for sure, but that's how the tax law is written ( 26 U.S....

celia wrote: ↑Fri Dec 16, 2022 4:33 pm

roth evangelist wrote: ↑Fri Dec 16, 2022 4:00 pm

celia wrote: ↑Fri Dec 16, 2022 2:11 pm But does that meet the ACA eligibility rules for FIL?

I'm not sure what you're asking. My FIL has a family HDHP, has no other coverage, not on Medicare and can't be claimed as a dependent. He has an HSA. My question isn't about my FIL's eligibility.

I’m asking if her father is eligible to put your wife on his plan. She appears to be part of your household, not her father’s (unless you all live in the same household).

P.S. I love your username.

Ah I see. It should be allowed because she is under 26. As far as I know there's no requirement for those on the plan to be part of the same household.

Thanks

celia wrote: ↑Fri Dec 16, 2022 2:11 pm

roth evangelist wrote: ↑Fri Dec 16, 2022 9:38 am

celia wrote: ↑Fri Dec 16, 2022 2:58 am Is your wife still a dependent on her father’s tax return? Whose household does she live in? If not his, is he even eligible to get family insurance that includes her???

My wife has lived with me for years and can't be claimed as a dependent. And her father has an HDHP family plan that covers her.

But does that meet the ACA eligibility rules for FIL?

I'm not sure what you're asking. My FIL has a family HDHP, has no other coverage, not on Medicare and can't be claimed as a dependent. He has an HSA. My question isn't about my FIL's eligibility.

celia wrote: ↑Fri Dec 16, 2022 2:58 am Is your wife still a dependent on her father’s tax return? Whose household does she live in? If not his, is he even eligible to get family insurance that includes her???

My wife has lived with me for years and can't be claimed as a dependent. And her father has an HDHP family plan that covers her.

The most frustrating part of this question is that almost no article exists to address my particular situation, in which I have individual HDHP coverage and my wife is covered by a parent's family HDHP coverage. I only ever see examples where two spouse have family coverage or where one has non-HDHP coverage. Does anyone have any solid links that would answer this? What I cited above from Pub 969 and F8889 instructions are solid references that address your situation exactly. You are an eligible individual covered by a self-only HDHP plan. Your spouse is an eligible individual covered by a family HDHP plan. You both are treated as being covered by a family HDHP plan. A little goofy, for sure, but that's how the tax law is written ( 26 U.S....

So for 2022, I could make my maximum contribution of $3,650 and my wife could make her own contribution of $7,300. This makes a combined $10,950 into our HSAs. Do I have this correct? No. The combined contribution to your HSA and your spouse's HSA cannot exceed $7300. From Pub 969 : Rules for married people . If either spouse has family HDHP coverage, both spouses are treated as having family HDHP coverage. If each spouse has family coverage under a separate plan, the contribution limit for 2022 is $7,300. ... The contribution limit is split equally between the spouses unless you agree on a different division. Caution : The rules for married people apply only if both spouses are eligible individuals. Having a child has no effect on contrib...

The most frustrating part of this question is that almost no article exists to address my particular situation, in which I have individual HDHP coverage and my wife is covered by a parent's family HDHP coverage. I only ever see examples where two spouse have family coverage or where one has non-HDHP coverage. Does anyone have any solid links that would answer this?

So for 2022, I could make my maximum contribution of $3,650 and my wife could make her own contribution of $7,300. This makes a combined $10,950 into our HSAs. Do I have this correct? No. The combined contribution to your HSA and your spouse's HSA cannot exceed $7300. From Pub 969 : Rules for married people . If either spouse has family HDHP coverage, both spouses are treated as having family HDHP coverage. If each spouse has family coverage under a separate plan, the contribution limit for 2022 is $7,300. ... The contribution limit is split equally between the spouses unless you agree on a different division. Caution : The rules for married people apply only if both spouses are eligible individuals. Having a child has no effect on contrib...

This article from last month on Kitces was a revelation, but now I have questions about how this applies to my own situation. https://www.kitces.com/blog/health-savings-accounts-hsa-dependents-children-age-26-hdhp-taxes-contribution-limits/ I (over 26) have had an individual HDHP while maxing out my HSA for the past three years while my wife (under 26) has stayed on her father’s HDHP plan. My FIL also has an HSA, and my understanding is that he doesn’t quite max it out but does contribute to it throughout the year. According to the article, it seems that my wife could have been contributing to her own HSA this whole time, but not only that, she could have been making the family contribution, which would have been double that of my individua...

Weird thing to keep one up at night. By most accounts of the evidence small value is a great strategy for long-term investors who can stick with it. It's not crypto.

There is no VTI v. VXUS. They're not comparable. You own both of them if you want a diversified portfolio. It's that simple.

Run far away.

China is 34.10% of VWO. Taiwan is 17.50%. That's more than half the entire fund. If you think China is going to invade Taiwan and that's going to influence your asset allocation, maybe you shouldn't invest in emerging markets.

Of course, you shouldn't stray from index weights because of something that might happen, and if you own a total international index fund, China and Taiwan make up about 12.9% of that fund. If total international is 40% of your portfolio, that's 5.16% of your portfolio. At 25% it's 3.22%. At 20%, 2.6%, etc. And that's not counting bonds if you have them. So maybe put your exposure in perspective.

You should keep a diversified portfolio because you never know what's going to happen in the future.

Just buy some Vanguard ETFs. That's what I do (mostly).

Forgot to post this a few days ago:

7/26: Initiated partial transfer
8/03: Transfer to Fidelity initiated
8/09: Money received at Fidelity

Two weeks.

Cofdrinkr wrote: ↑Sun Aug 07, 2022 9:10 pm I think you need to read the terms of the disability policy that you purchase. I know a person at work that became disabled. She was receiving 60% of her pay from the LT disability insurance company. When she applied for and received SS, the insurance company deducted that amount from the amount they paid her every month, so the most she ever received was the 60%.

Yeah, this is something I'm aware of. I would most likely purchase a rider so my disability insurance wouldn't be offset by SS.

It’s my understanding if the surviving spouse is not working & just taking care the child/children, could she also receive that survivor benefit. If she’s working, I believe she wouldn’t be able to take the survivor benefit to take care the kids. Of course, the SS Administration would know how that works. I believe taking the child care survivor benefit would not affect taking the SS survivor benefit when in her 60s & not working or past full retirement age & still working. She could take the SS survivor benefits & take her own higher (if applicable) SS survivor benefit at age 70. When my wife passed away, the kids got their mom’s SS survivor benefit up to high school graduation or age 19 whichever is earlier. I took SS sur...

I'm doing some financial planning, including creating a contingency plan for my wife in the event that I die, as well as looking into disability insurance. I have a couple of questions about Social Security disability and survivors benefits: 1. According to my Social Security online account, if I were to become disabled today, I would receive about $1,174 per month. How reliable is this figure? Are there other factors that need to be taken into account, like income or other disability insurance? For example, does other household income, either from a spouse or investment income cut into the benefits I would ultimately receive? And if I were to purchase a long-term disability insurance policy, which I am planning to do at some point, does th...

I don't know if it's accurate to call them "his recommendations." His research says you can use the 4% rule with a high success rate, but that doesn't mean he's prescribed it to retirees.

Here's another one:

6/17: Initiated partial transfer
6/24: Transfer to Fidelity initiated
7/5: Money received at Fidelity

Just over two weeks.

It's simple. If you want to invest purely according to market cap, stick with Vanguard. If you want to introduce the five-factor model, add Avantis funds.

You can't have a conversation about active v. passive without recognizing that active, i.e., a super smart fund manager with a great last 5 years is going to help you beat the market, and "active," i.e., fund managers will passively ensure your money is invested based on quantitative factors, are two very different things. Also, why invest in a Vanguard small-cap value index fund and a non-indexed Avantis small-cap value fund? It's too redundant to make sense. It would make much more sense to just invest in market cap-weighted index funds for part of the portfolio and choose the "active" value funds for the tilt. Although it's not my portfolio quite yet, this is the ideal portfolio I'm leaning toward: VTI (Vanguard Total...

Move to Fidelity or another brokerage and avoid banks for IRAs.

I don't think it's accurate to say that those who survived March 2020 aren't "battle tested." Sure, in retrospect we see that the stock market didn't stay down and quickly bounced back, but no one actually knew that was going to happen. It was practically a Black Swan event. So if you didn't freak out and sell in March 2020, I think that says something about your temperament as an investor.

As for myself, I had barely started investing in January 2020 when I opened a Roth IRA. I watched the market collapse just months later giddy with excitement as I invested more at lower prices. Maybe I'm just different.

Why on earth would you leave a brokerage because they allowed a new product? Fidelity allowing crypto doesn't affect you in any way if you don't buy it.

I didn't expect to be back here so soon with another report, but this was my fastest one yet:

4/19: Initiated partial transfer
4/27: Transfer to Fidelity initiated
5/3: Money received at Fidelity

Two weeks! Right after my slowest transfer of about a month and 10 days.

lostdog wrote: ↑Tue Apr 05, 2022 6:11 pm

roth evangelist wrote: ↑Tue Apr 05, 2022 5:44 pm

Cheez-It Guy wrote: ↑Tue Apr 05, 2022 1:52 pm

roth evangelist wrote: ↑Tue Apr 05, 2022 1:47 pm This feature now appears to be active in my wife's Roth IRA and our taxable brokerage account at Vanguard. I bought some fractional shares of an ETF today.

Were you a known part of a pilot program or notified by E-Mail that this was now enabled, or none of the above and just noticed the capability had been added?

I never got any email about a pilot program.

Is this available in the mobile app or the website?

Not sure about the app because I've never downloaded it. I do everything on my browser.

Cheez-It Guy wrote: ↑Tue Apr 05, 2022 1:52 pm

roth evangelist wrote: ↑Tue Apr 05, 2022 1:47 pm This feature now appears to be active in my wife's Roth IRA and our taxable brokerage account at Vanguard. I bought some fractional shares of an ETF today.

Were you a known part of a pilot program or notified by E-Mail that this was now enabled, or none of the above and just noticed the capability had been added?

I never got any email about a pilot program.

This feature now appears to be active in my wife's Roth IRA and our taxable brokerage account at Vanguard. I bought some fractional shares of an ETF today.

A report of my latest partial transfer:

2/17: Initiated partial transfer
3/18: Transfer to Fidelity initiated
3/28: Money received at Fidelity

So it took a full month for HE to initiate the transfer to Fidelity and another 10 days for the money to be received by Fidelity. A longer amount of time than is typical.

If you are single tax filer and have a modified adjusted gross income (MAGI) of less than $129,000, or if you are married filing jointly and have a MAGI of less than $204,000, you can contribute directly to a Roth IRA. Doing what you're describing — contributing to a traditional and then converting to a Roth, would make no sense. This method, called the backdoor Roth, only helps if you are above the income limits. Yes, I am a single tax filer with income less than $129,000. Thank you! To answer your second question, generally the best investment is a total market fund, so VTI. The S&P 500 has an almost identical historical return to the total stock market, so if you did choose VOO it's not like you're making a mistake. But we on this f...

If you are single tax filer and have a modified adjusted gross income (MAGI) of less than $129,000, or if you are married filing jointly and have a MAGI of less than $204,000, you can contribute directly to a Roth IRA. Doing what you're describing — contributing to a traditional and then converting to a Roth, would make no sense. This method, called the backdoor Roth, only helps if you are above the income limits.

17outs wrote: ↑Wed Mar 09, 2022 10:33 am Curious of others thoughts if you were looking to replace total international with AV etfs. I currently do equal parts large value small value and em but curious if others are using those funds or those ratios.

I view my portfolio as strictly divided between core holdings and satellite holdings. In my core position go cheap total market index funds from Vanguard, so U.S. and international. In my satellite position goes my value tilt, where I have selected Avantis ETFs. I don't like Avantis's other funds like AVUS because I don't feel it distinguishes enough from VTI to justify paying more. It feels like a half measure.