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I want to say that I can log into TD on one day and schedule COI funds to transfer to my linked bank account as soon as the next day. My bank makes those funds immediately available upon receipt.

CletusCaddy wrote: ↑Sat Mar 04, 2023 11:56 pm

Bmac wrote: ↑Sat Mar 04, 2023 11:48 pm I’m a little surprised that so many people seem to find the Schwab website to be the most user friendly of the big three. While I am not particularly happy with recent changes to the Vanguard platform, I still find navigating the Schwab site to be the most challenging. It always takes a while for me to find what I’m looking for. Also, not being able to use specific ID without making a phone call is lame.

Huh? I use SpecID on the website all the time

The phone call issue arises with mutual fund sales. ETFs do not have the same issue and may be sold using SpecID via the website without further action needed.

A few thoughts: Late payment can cause a taxpayer to owe interest not on a penalty but on the late-paid tax itself. The IRS does not abate interest like it does certain penalties, so be sure you understand the nature of the interest that was assessed. If you have the patience, it might be the simplest to call the IRS and ask the representative if you are eligible for a first-time abatement of your 2021 penalties. They should be able to tell you and, if eligible, take care of the abatement over the phone. You cannot preserve the FTA eligibility in the way you are asking. Now that the 2021 penalty was assessed, you will need another three or more years of a clean compliance history (i.e., no penalties for 2022-2024) to qualify for another FTA...

an_asker wrote: ↑Fri Feb 24, 2023 10:59 pm

Joe Public wrote: ↑Fri Feb 24, 2023 8:43 pm [...]
Thank you for the suggestion. I originally looked at the detail included with my 1099-B and thought the cost basis information for the lots was the purchase price. However, when I compared that information to my transaction history for each purchase, the 9/7 lot indeed was purchased for less than the cost basis shown in the 1099-B detail. The increase in basis for the 9/7 tax lot over the purchase price is the same amount as the disallowed wash sale amount for the 9/21 sale.

So bottom line, you are even Steven, right?

Yes, to the penny.

On my 1099-B, Schwab reports a disallowed wash sale for the tax lot of SCHB that I purchased on 9/21/22 and sold on 9/30/22. No other tax lot of SCHB, including the one I purchased on 9/7/22, shows a disallowed wash sale. Most likely things are reported correctly. eg the 9/21 shares washed onto the 9/7 shares. And the 9/7 shares' cost basis was increased, so you still got the whole loss. If you want, you can verify this by checking your transaction history for the original cost of the 9/7 shares. Thank you for the suggestion. I originally looked at the detail included with my 1099-B and thought the cost basis information for the lots was the purchase price. However, when I compared that information to my transaction history for each purcha...

chemocean wrote: ↑Fri Feb 24, 2023 9:51 am The wash sale of the SCHB sold on 9/30 and purchased on 9/21 was probably the reinvested dividends from the shares that had accumulated in SCHB on the date of record for the dividend. The end of the quarter is the usual time to distribute dividends. Have you looked at your account to see if you reinvested dividends.

I turn off reinvestment of dividends in my taxable account and just add them to the next biweekly purchase.

On 6/15/22, I sold my entire position in ITOT and purchased SCHB. I purchased more shares of SCHB every couple of weeks until 9/30/22, on which date I sold my entire position in SCHB with every tax lot showing a loss. I repurchased ITOT on that same date. This was at Schwab. On my 1099-B, Schwab reports a disallowed wash sale for the tax lot of SCHB that I purchased on 9/21/22 and sold on 9/30/22. No other tax lot of SCHB, including the one I purchased on 9/7/22, shows a disallowed wash sale. That doesn't seem right. To what basis would the disallowed wash sale loss be added? Has anyone run into a similar issue? My understanding was that wash sales do not occur if an entire position in a security is sold. I don't think Schwab views ITOT and...

Chase's brokerage sweep fund is still paying a negligible amount. Is there a decent NTF money market mutual fund option at Chase? VMFXX seems available for a $3000 minimum investment. Can any folks with JPMS brokerage accounts recommend a money market mutual fund that I can use for short term holdings? I'm signing up for the Chase Private Client bonus offer next month and looking to invest $100-200k of cash for a few months. I'm leaning towards just a money market mutual fund, but for some reason, JPMS doesn't seem to like any of the funds I've tried. These are all no load, fee-free, but all rejected: -Vanguard Federal Money Market Fund (ticker: VMFXX) -Vanguard Treasury Money Market Fund (VUSXX) -Fidelity Money Market Fund (SPRXX) -T. Row...

frugalor wrote: ↑Wed Feb 01, 2023 10:51 am I have heard that there is a fixed rate of 0.4%, but looking at the screen on TD, did the fixed rate only kick in in 2023?



And 0.40 + 6.48 is not 6.89, is it a rounding error or some kind of compounding effect?

It's the compounding. See the example calculation shown here:

https://www.treasurydirect.gov/savings- ... est-rates/

I enjoyed reading your experience and perspective. Thanks for sharing.

UpperNwGuy wrote: ↑Mon Jan 30, 2023 1:29 pm I put one month's worth of expenses into checking on the 1st of the month, and draw it down to almost zero by the end of the month.

Same here.

jpelder wrote: ↑Thu Jan 26, 2023 8:37 amI do know that the past year has been awful for intermediate-term bonds. VBTLX (Vanguard Total Bond Market) returned -13.16% in 2022. The G Fund returned 0.13%.

The TSP website is showing that the F Fund returned -12.83% in 2022, and the G Fund returned +2.98% over that same period.

https://www.tsp.gov/fund-performance/

The fact that an act constitutes a default does not obligate the lender to exercise its rights in the event of default. One option is to talk with the lender. [Note: I see others have already posted variations of the same idea.]

Good luck with everything.

Have you considered moving the employer 401(k) assets into a rollover IRA? If so, what is driving your preference toward a solo 401(k) over the rollover IRA?

You could also purchase an 8-week T-bill if that suits you.

Thanks for posting, everyone. I was just looking at this and wondering whether the higher rate would justify an early withdrawal penalty. I'll contact NFCU and see if they will grant a penalty-free conversion.

If this is a regular brokerage account and not an IRA or other tax-favored vehicle, then be aware of Schwab's cost basis defaults and related issues for mutual funds. Essentially, from what I have read on this board, an investor needs to elect specific identification of shares before purchasing any mutual funds. Also, when selling, tax lots are not selectable online; an investor needs to call a person at Schwab to ensure the desired tax lots are selected and sold. For that reason, I chose to purchase ETFs instead of mutual funds in my regular Schwab brokerage account. I would prefer to auto-invest in mutual funds, but it isn't enough of a downside for me to either change brokerage firms or put the effort into Schwab's specific identificatio...

It may also be helpful to specify whether one is seeking a money market savings account or a money market mutual fund. Those are different products.

3030.23

Do you have a Chase Self-Directed brokerage account? It looks like you can buy VUSXX with them. Are you positive? I'm a Chase customer but I haven't opened up the self-directed account.. I don't see VUSXX listed as an option. They appear to have a limited selection of money market funds. https://am.jpmorgan.com/us/en/asset-management/adv/products/fund-explorer/money-market I am 100% sure that you can buy VUSXX (Vanguard Treasury MMF) in the self-directed account as I am holding VUSXX currently in my Chase self-directed brokerage. You can go to search under investments, click on mutual funds, under type search taxable money market and select family as Vanguard. 3 VG MMFs show up which one of is the VUSXX. You can ONLY buy VG MMFs in the sel...

BlackDiamond wrote: ↑Thu Dec 01, 2022 4:03 am

3000 wrote: ↑Thu Dec 01, 2022 3:45 am Do you have a Chase Self-Directed brokerage account? It looks like you can buy VUSXX with them.

Are you positive? I'm a Chase customer but I haven't opened up the self-directed account.. I don't see VUSXX listed as an option. They appear to have a limited selection of money market funds.

https://am.jpmorgan.com/us/en/asset-man ... ney-market

I did exactly that (opened a JP Morgan self-directed account at Chase, then moved my cash over from my Chase savings account and purchased VUSXX) within the last 90 days.

Would it make sense in your situation to use the excess to pay taxes on Roth conversions of the IRAs?

Kenkat wrote: ↑Tue Nov 29, 2022 8:54 am

alex_686 wrote: ↑Tue Nov 29, 2022 7:44 am Time to watch “Its a Wonderful Life”. Same issues at play.

You're thinking of this place all wrong. As if I had the crypto back in a safe. The Bitcoin's not here. Your Dogecoin's in Joe's exchange...right next to yours. And in the Kennedy exchange, and Mrs. Macklin's exchange, and a hundred others.

Happy new year to you . . . in jail!

My first thought is that, with what appears to be a net worth of $25MM or so, your mother should be talking to a reputable estate planning attorney who is well versed in, among other things, wealth transfer tax issues.

I had Mercury auto and home insurance for several years. I never made a claim, but my experience with the agent and everything else was fine. I eventually moved to USAA after becoming eligible and finding their premiums to be lower for equivalent coverage.

If the price were competitive, as in your case, I would have no qualms about returning to them.

Is it a Section 6698 penalty? You might look into whether (1) you qualify for relief under Rev. Proc. 84-35 or (2) you are eligible for a first-time abatement.

Loandapper wrote: ↑Tue Nov 22, 2022 11:11 am Hello forum,

I will have a six-figure amount of cash that I need to hold from the end of November thru the beginning of January. This is for the sale of a home and purchase of a new one. I realize we're only talking about 30-40 days, but that amount of interest is meaningful to my budget.

Question for all you wise folks: How can I make the most amount of interest with zero risk of loss at Fidelity? Or should I stick it in a HYSA at Ally?

Thank you in advance.

One option is to purchase the 4-week T-bill announced today for auction tomorrow.

EDIT: It looks like SnowBog beat me to it.

Are you planning to be mobilized/activated? if so, then I probably wouldn’t mess with the HSA. If you’re just doing drill weekends, you don’t have to be enrolled in TRS. My career field goes on and off activation orders with some frequency, well beyond drill weekends. Another reason we decided to keep it simple and headache free. what would you do if insurance coverage was the prime consideration? Not sure I understand completely. The actual coverage difference between the HDHP and regular health insurance is not substantially different in coverage. Same network, etc. Instead of an HSA we’ll use an FSA, but increase tax-sheltered money into 529s. Not apples to apples, but I saving towards something. This is where we landed as well. Tricare...

I remember reading here on the forum what a poster said on this topic. Basically, with all of the unknowns in life, they weren’t sure which would be optimal (pre-tax vs. Roth). However, their outlook was that they would rather have the problem of too much retirement savings (i.e., such a big retirement account that RMDs take them into a higher tax bracket than in their working years) than not enough because they chose to pay taxes upfront along the way.

Chase has been fine for me. My accounts migrated over there when WAMU was absorbed by them. No monthly account fees, they have the most ATMs of any bank in America, and offer occasional free services if you ask (normally would incur a modest charge $20 or so). Sure the interest rate in the saving account is horrid but I get around that by only keep a month or so of expenses in the account. To me a bank's job is to make it easy to access and transfer your money. If I am looking for return on my money I sure as heck wouldn't use a bank for that. Same here, I was with WaMu before they ate dirt. I have liked Chase just fine or even better since then. My problem is that they have too much of my money not making any money, but I think that's why...

I ran an experiment a month or two ago. I purchased the same 4-week T-bill at Treasury Direct and at Schwab. It had an announcement date of 8/9/22, an auction date of 8/11/22 and a settlement date of 8/16/22. It was scheduled to mature/come due on 9/13/22. I selected automatic reinvestment at both Treasury Direct and at Schwab. At Schwab, the bill matured on 9/13/22. Schwab reinvested in the 4-week T-bill that was announced that same day with an auction date of 9/15/22 and a settlement date of 9/20/22. Schwab left the money in cash (no interest) until the purchase settled on 9/20/22. At Treasury Direct, the bill also matured on 9/13/22. Treasury Direct reinvested the funds in the 4-week T-bill that was announced on 9/6/22 with an auction da...

acegolfer wrote: ↑Thu Oct 06, 2022 3:15 pm Dumb Q. Suppose I buy a 10-yr 4% T-note with $1k par from TD.gov. Where will the $20 coupon every 6 months go? Will it be in interest bearing account?

I don’t hold any notes at Treasury Direct right now, but, with my maturing bills, TD allows me to choose between my linked bank account or the Treasury Direct 0% certificate of indebtedness.

IANYL/CPA/advisor/etc., and each situation should be considered based on its own unique facts and with professional advice if needed, but:

Normally, only the new 50% interest from buying out the friend would be treated as undergoing a change in ownership such that the base year value is redetermined as of the date of the change in ownership and assessed at current fair market value for property tax purposes. Your original 50% interest would retain the base year value you already have from when you originally acquired it and would not be treated as undergoing a change in ownership.

PLSAX didn't lag too terribly behind VTSAX or VFINX over the last 15 years according to Portfolio Visualizer: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2006&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioName...

JP Morgan sent me an email last week about moving more assets over from Schwab. I am torn because I am supposed to like Schwab better (right?) but my experience at Chase / JP Morgan has been nothing short of amazing. My auto invest into VTWAX every week works without a hitch. The checking account I have offers atm refunds just like Schwab. And the interface is so simple. Is there anything I’m missing? Why don’t more people use Chase JP Morgan self directed? If they offered an easy way to sell mutual fund shares online by specific identification in a taxable account, I would probably open an account. My SO has an IRA there, and everything has been smooth so far. We've been with them for banking for a long time (legacy WaMu :) ). I thought t...

I have a T bill maturing on August 9 in my Schwab account. I want to purchase the 26-week T bill at auction with the following relevant dates: Announcement Date: August 4 Auction Date: August 8 Settlement Date: August 11 Is this like ETFs, where I just need to have the funds in the account by the settement date? If so, the maturing T bill funds will cover it (manual rollover). If not, then is it common to have gaps like this in T bill rollovers, and what do people do to minimize the gaps? TIA. I've been contemplating the auto-rollover of t-bills at Schwab. Before committing, I came here for advise and ran into this thread. I did have a chat with Fixed income specialist few days ago and I can verify that the funds should be in account by se...

manlymatt83 wrote: ↑Tue Sep 20, 2022 2:42 pm JP Morgan sent me an email last week about moving more assets over from Schwab.

I am torn because I am supposed to like Schwab better (right?) but my experience at Chase / JP Morgan has been nothing short of amazing.

My auto invest into VTWAX every week works without a hitch. The checking account I have offers atm refunds just like Schwab. And the interface is so simple.

Is there anything I’m missing? Why don’t more people use Chase JP Morgan self directed?

If they offered an easy way to sell mutual fund shares online by specific identification in a taxable account, I would probably open an account. My SO has an IRA there, and everything has been smooth so far. We've been with them for banking for a long time (legacy WaMu ).

You may have already done this, but it might be worth running the numbers on delaying the start of SS to see whether living off of savings to start in exchange for a higher SS amount later makes sense in your individual situation.

(please note date of OP) does anybody know why after-tax isn’t an option for civilians? Stumbled across this old thread and saw this unanswered question, so felt I needed to chime in. :D The "why" question can be answered by "because that's how congress wrote the law" or similar. :wink: But a likely rationale is simply that the vast majority of retirement plans don't allow for employee contributions beyond the typical normal deferral limit, and the TSP follows that rule generally. But at some point special tax treatment was given for combat pay, and one of the special items was the allowance of after-tax contributions. Note that combat pay is not taxable (in general), so perhaps the term "after-tax" is awkward...

Welcome to the forum. The wiki has some good information on cost basis here:

https://www.bogleheads.org/wiki/Cost_basis_methods

2/22/22: Filed paper returns via USPS
4/1/22: Received CA state refund via direct deposit
7/27/22: Received federal refund (less requested Series I Savings Bond amount; also appears to include a bit of interest) via direct deposit

So about five weeks for state refund and about five months for federal refund. I Bonds still pending.

I have a T bill maturing on August 9 in my Schwab account. I want to purchase the 26-week T bill at auction with the following relevant dates:

Announcement Date: August 4
Auction Date: August 8
Settlement Date: August 11

Is this like ETFs, where I just need to have the funds in the account by the settement date? If so, the maturing T bill funds will cover it (manual rollover). If not, then is it common to have gaps like this in T bill rollovers, and what do people do to minimize the gaps? TIA.

I'm not sure new issue auction purchases are available through J.P. Morgan (Chase) self-directed investing accounts. When I have looked, I have seen the same thing as you (i.e., secondary market only). I'll be following this thread to see what other information people might have to share with you.

japh wrote: ↑Fri Jul 15, 2022 7:02 pm Earlier this month I bought US Treasuries using my Chase Self-Directed Investment Account without any problems. What do you have concerns about?

Was that at auction or on the secondary market? I looked at my SO's account quickly the other week, and all I saw was secondary.

The TSP annuity rate is 3.45% for July 2022. That appears to be the highest the rate has been in over a decade: https://www.tsp.gov/living-in-retirement/historical-annuity-rates/ I'd be interested to hear any thoughts on or experiences with the TSP annuity option. I have heard that if you want an annuity the TSP prices are fair. I do think they are relatively less popular because the other two “legs” of federal retirement (SS and FERS) are already annuity-like so many people like having both a base income and a more flexible savings they control (and can possibly pass on). Yes, the cost is supposed to be very competitive versus other annuity options. Just don't understand why there would be a need for an annuity if someone will be collecti...

I am checking my Schwab accounts for tax loss harvesting. I have more than 50 positions (from pre-BH life!). By clicking an individual holding, I can see individual lots with losses/gains; but I can not see it in one view for the whole account. Obviously, all that detail is in Schwab computers. Even their service rep has the same access as me, and can not access it in one go!!!! Ideally, I would have liked to download lot details. Or, at least, have their servie rep print and email the details to me. Does anyone know a faster solution? Are all brokers like this? How do you view lot details with less efort? When viewing Schwab's "lots screen" on my PC, there are both a download/export and print icon to perform those functions. Sch...

The TSP annuity rate is 3.45% for July 2022. That appears to be the highest the rate has been in over a decade:

https://www.tsp.gov/living-in-retiremen ... ity-rates/

I'd be interested to hear any thoughts on or experiences with the TSP annuity option.

Nate...........thanks for posting your actual experience. I believe that is what one of the reps warned me about when I tried to sign up for the autoroll. Not sure if he knew at the time that I have a margin account so I may have to call back and clarify. With the current manual roll process, I get notice of the maturing the week before. I then have until Friday of that wk (before maturity) or very early the next Monday AM to place the next order . The maturing funds show up Thurs and the new Treasuries are bought that day or the next day so no 1 wk gap. Bumping this thread in case anyone has more recent experience. Based on the above, it looks like I will go with manual rollover instead of using the auto-roll feature. I don't want funds t...

clemrick wrote: ↑Thu Jun 16, 2022 10:44 am Sales proceeds - purchase cost = gain or loss.
If you purchased the fund more than 1 year and 1 day ago, you will have a long-term gain/loss, otherwise it will be a short-term gain/loss.

To clarify, capital assets held for more than 1 year before sale will generate long-term gains or losses. Some might look at this as at least 1 year and 1 day, but holding for more than a year and a day is not required.

Perhaps a land contract, but that comes with its own considerations.