Search found 2394 matches

by Chip
Mon Dec 31, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting - how much ETF $ sales moves market?
Replies: 16
Views: 650

Re: Tax loss harvesting - how much ETF $ sales moves market?

livesoft wrote:
Mon Dec 31, 2018 8:03 am
So in both cases, you appeared to have paid the full spread.
Indeed. And I also think that you are mostly engaging in wishful thinking when you state that you get other people to pay the spread.
by Chip
Mon Dec 31, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: How to convert someone to be a boglehead...
Replies: 18
Views: 1202

Re: How to convert someone to be a boglehead...

Dr. Bill Bernstein's If You Can. Free, easy to read, and will lead your family member to other good books.
by Chip
Mon Dec 31, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting - how much ETF $ sales moves market?
Replies: 16
Views: 650

Re: Tax loss harvesting - how much ETF $ sales moves market?

I don't think you have anything to worry about. Take a look at the last 100 or so messages in this thread . The idea is that even if there isn't a lot of trading going on there are always arbitrageurs ready and waiting to supply liquidity for market orders or marketable limit orders IF the stocks co...
by Chip
Wed Dec 26, 2018 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Cloning Stable Value Fund (SVF) in Fidelity ?
Replies: 13
Views: 1110

Re: Cloning Stable Value Fund (SVF) in Fidelity ?

Although FZDXX does state 100 k minimum to invest, I was able to get in with far less as the trade execution page said only 10 k needed. I invested <100k but >10k and it went though without issue. The minimums for FZDXX depend on the type of account. Taxable is 100k, IRA is 10k. Was your experience...
by Chip
Wed Dec 26, 2018 5:18 am
Forum: Investing - Help with Personal Investments
Topic: Short term vs Long Term Cap Losses
Replies: 9
Views: 921

Re: Short term vs Long Term Cap Losses

Yes, you must apply them and I think that is true even if you have no income. The tax forms and worksheets are confusing on the "no income" issue, but it turns out that you don't end up using up capital losses if income is low enough. If income after subtracting standard/itemized deductions is -300...
by Chip
Wed Dec 26, 2018 4:34 am
Forum: Investing - Theory, News & General
Topic: Donating appreciated securities to charity
Replies: 41
Views: 2745

Re: Donating appreciated securities to charity

You can initiate account opening and transfers, but they may not complete in time. If you make a donation on December 30 and it takes 3 days to process so it completes on January 2, I don't think it counts, even if it's at the same institution, but check with your CPA. I assume it's a little faster...
by Chip
Tue Dec 25, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: SLYV vs IJS [SPDR vs. iShares S&P 600 Small Cap Value]
Replies: 210
Views: 11776

Re: SLYV vs IJS [SPDR vs. iShares S&P 600 Small Cap Value]

I just went through this entire thread; very helpful. I missed it during the initial discussion. Would it be accurate to say the following about ETFs with significant market cap (of the underlying securities)? Level 2 quotes are useless in predicting how an order will execute. Or maybe just useless,...
by Chip
Mon Dec 24, 2018 7:22 am
Forum: Investing - Theory, News & General
Topic: Donating appreciated securities to charity
Replies: 41
Views: 2745

Re: Donating appreciated securities to charity

With a week left in the year, I doubt any DAF can open a new account and get if funded before the end of the year, but if one is looking to do it this year, they can calling all of them tomorrow and see what can still be done. ??? I think it would take about 10 minutes at Fidelity, assuming one had...
by Chip
Sun Dec 23, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Best TLH plan for offsetting gains on a rental property sold earlier this year?
Replies: 10
Views: 557

Re: Best TLH plan for offsetting gains on a rental property sold earlier this year?

Chip or OP, I'd be interested in PMing either of you to hear about what happened after you sold your property and taxes. This is a tangent question related to your question of whether or not you can use TLH against the depreciation or capital gains. I had thought that depreciation recapture was tax...
by Chip
Sun Dec 23, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Best TLH plan for offsetting gains on a rental property sold earlier this year?
Replies: 10
Views: 557

Re: Best TLH plan for offsetting gains on a rental property sold earlier this year?

It's your marginal tax rate with a maximum of 25%. And yes, you can use capital losses to offset depreciation recapture. so the OP will want $100K in losses to have a tax free transaction. Plus the OP will be able to offset an additional 80k of ordinary income with the release of previously unallow...
by Chip
Sun Dec 23, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 187
Views: 19458

Re: Fidelity as a one stop shop

On the subject of bill pay at Fidelity - can one set up auto pay with various billers (e.g., credit cards) to automatically take the payment from the CMA? While I just have a regular brokerage account, not a CMA, I have set up regular, non-varying, "push" payments via Fidelity bill pay. I have also...
by Chip
Sun Dec 23, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Costco Tire Quality Seconds/Blems??
Replies: 31
Views: 2825

Re: Costco Tire Quality Seconds/Blems??

I agree that the seconds/blems argument is nonsense.

I noticed increased road noise immediately after buying Michelin Premiers for my Accord. It went away after a while. I don't know if the noise decreased or I just got used to it. :)
by Chip
Sun Dec 23, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: DCA – change of tune, loss of nerve, and how to time?
Replies: 55
Views: 2918

Re: DCA – change of tune, loss of nerve, and how to time?

Not really. The "highest expected return comes from being in the market the longest possible time" has been (in the past; no guarantee for the future, but likely, etc.) an "ON AVERAGE" outcome . That IS mathematics. It is NOT necessarily true for every individual, and depends upon each one's partic...
by Chip
Sun Dec 23, 2018 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Advice needed on on 2 TLH questions
Replies: 4
Views: 319

Re: Advice needed on on 2 TLH questions

1. Either way is fine. It's up to you whether you value simplicity vs. exactly following an index. Suggest you chart VFIAX vs. VTSAX to see the difference over the years.

2. Correct.
by Chip
Sun Dec 23, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: A newbie needs help build his portfolio right
Replies: 7
Views: 782

Re: A newbie needs help build his portfolio right

Hi NickCalFo, and welcome! You've received great advice from Duckie. Do your best to answer the questions posed so we can help figure out what is right for you. I agree that you shouldn't be at all concerned about "starting too late". What's important is that you're working on it now . Getting comfo...
by Chip
Sun Dec 23, 2018 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Best TLH plan for offsetting gains on a rental property sold earlier this year?
Replies: 10
Views: 557

Re: Best TLH plan for offsetting gains on a rental property sold earlier this year?

Isn’t only 3k losses allowed against ordinary income, with rest of the unused losses carried forward to future years? That's the case for the usual capital gain/loss situations. The OP's situation is different. Ordinary losses incurred in operating the rental property over the years couldn't be ded...
by Chip
Sun Dec 23, 2018 6:09 am
Forum: Investing - Help with Personal Investments
Topic: Best TLH plan for offsetting gains on a rental property sold earlier this year?
Replies: 10
Views: 557

Re: Best TLH plan for offsetting gains on a rental property sold earlier this year?

No "regular" long-term capital gains or losses incurred on the [sale price minus purchase price] portion because it was breakeven (bought for $250k, sold for $250k - no appreciation) Section 1250 unrecaptured gain (taxed @ 25%) will be [sale price minus adjusted basis], where adjusted basis = $250k...
by Chip
Sat Dec 22, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Best TLH plan for offsetting gains on a rental property sold earlier this year?
Replies: 10
Views: 557

Re: Best TLH plan for offsetting gains on a rental property sold earlier this year?

1. What is the amount of gain on the property sale that I need to offset? For simplicity, let's say that I bought it for $250k, sold it for $250k, accrued $100k in depreciation and cash flow losses, and had only ever claimed $20k of the $100k on my tax returns over the years. (Again for simplicity,...
by Chip
Fri Dec 21, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying Property tax for 2019 - any benefits
Replies: 5
Views: 418

Re: Prepaying Property tax for 2019 - any benefits

n.b. You can choose each year to take std deduction federally while itemizing for CA, or vice versa. That's a good point that I hadn't considered. I'm in a state that doesn't have that option. The OP might consider "smoothing" his/her CA taxable income while maintaining a minimum of 10k SALT deduct...
by Chip
Fri Dec 21, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying Property tax for 2019 - any benefits
Replies: 5
Views: 418

Re: Prepaying Property tax for 2019 - any benefits

It will do you no good to pay more than 10k in property taxes this year. Are you definitely itemizing deductions every year? I assume you must also pay some state income tax. Note that the 10k limit applies to the sum of property taxes plus state income taxes. So you may already be over 10k for 2018.
by Chip
Fri Dec 21, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17032

Re: Mr. Money Mustache, SWR, and equity allocation

If my portfolio keeps going up, I'm sure every 3-5 years, I'll restart my 4% withdrawals at the new level... :) I've done this every year since 2003. I call it "re-retiring". Each year I reset my (very loose) target withdrawal to the higher of 3.5% of current portfolio value or 3.5% of the highest ...
by Chip
Fri Dec 21, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Paying taxes on Roth conversion made in 2019
Replies: 21
Views: 1483

Re: Paying taxes on Roth conversion made in 2019

If I am understanding correctly, safe harbor withstanding, as long as we have withheld the correct amount during the entire year, it is irrelevant how much we convert at what time during the year. If I still have it wrong, I do not mind being corrected here, instead by the IRS! Your understanding i...
by Chip
Tue Dec 18, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 378
Views: 51913

Re: Fidelity free Turbotax

No, it can be downloaded - once you get to the TT site, choose the Product/Downloads menu near the top of the page. You'll have to go through the purchase process, including providing CC info, but the charge is $0. Got it. Thanks for the info about the product/download menu. I wouldn't have found t...
by Chip
Tue Dec 18, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Spec ID vs selling entire ETF for tax loss
Replies: 2
Views: 159

Re: Spec ID vs selling entire ETF for tax loss

Since all of your tax lots are losers you should sell them all. The advice about spec ID applies when you have some lots that are losers and some that aren't. You don't want to sell winners which would reduce the loss you could claim.
by Chip
Tue Dec 18, 2018 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Yet another Roth vs Traditional 401k thread
Replies: 41
Views: 1764

Re: Yet another Roth vs Traditional 401k thread

LTCi would put us at the mercy of bureaucrats to decide what we need, and their payout limits are very low. If it got very expensive, our heirs would have to deal with getting less. Ditto for us. But the potential expense of long term care (not necessarily the insurance, but the care itself) is ano...
by Chip
Tue Dec 18, 2018 6:47 am
Forum: Investing - Theory, News & General
Topic: year-end capital gains distributions
Replies: 7
Views: 1164

Re: year-end capital gains distributions

I was a little disappointed to see year-end (or, for some funds, their 4th quarter) dividends missing from this year's list. They were there in recent years. And they included qualified versus non-qualified, also handy in tax planning. I also agree that the estimates were sometimes pretty far off f...
by Chip
Tue Dec 18, 2018 6:42 am
Forum: Investing - Help with Personal Investments
Topic: Yet another Roth vs Traditional 401k thread
Replies: 41
Views: 1764

Re: Yet another Roth vs Traditional 401k thread

For the sake of discussion, let’s assume that it’s the max federal rate. It is unlikely that we will be down to the (current) 24% marginal rate, especially if it’s one of us still alive. I like to look at this using joint mortality tables and the associated probabilities. Here's such a table from K...
by Chip
Mon Dec 17, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Yet another Roth vs Traditional 401k thread
Replies: 41
Views: 1764

Re: Yet another Roth vs Traditional 401k thread

Once your wife retires and all RSUs have paid out plus you're both getting RMDs, will that be enough to completely fund your spending? If so, you'll probably never touch the Roth so the only thing that matters is the tax rate of your heirs. If theirs is lower than yours, don't contribute to the Roth...
by Chip
Wed Dec 12, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Drastic change in asset allocation?
Replies: 7
Views: 1466

Re: Drastic change in asset allocation?

Re: the advise about asset placement - 100% equities in taxable and Roth, bonds in 401k -> does that advice change if I'm interested in buying and holding US Treasuries (not possible in my 401k) and/or my own state municipal bonds through my taxable brokerage account, since those have their own tax...
by Chip
Tue Dec 11, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Made an unwise investment, help solicited
Replies: 41
Views: 3578

Re: Made an unwise investment, help solicited

If I'm reading what you're saying correctly - and reading what Intuit's Turbo Tax faqs describe correctly (admittedly I may not be), it appears that what you are saying is incorrect. ST losses can be used to offset losses once LT losses are used: https://turbotax.intuit.com/tax-tips/investments-and...
by Chip
Tue Dec 11, 2018 6:19 am
Forum: Investing - Help with Personal Investments
Topic: SPIA or CD Ladder
Replies: 31
Views: 2383

Re: SPIA or CD Ladder

I've only just skimmed the thread and discussion of spousal benefits for the wife once the OP applies for SS. But has anyone mentioned that, if not doing so already, the OP could file a restricted application and obtain spousal benefits on his wife's work record NOW? While still allowing his ultimat...
by Chip
Tue Dec 11, 2018 6:07 am
Forum: Investing - Theory, News & General
Topic: Tips breakevens and illiquidity premia
Replies: 75
Views: 4932

Re: Tips breakevens and illiquidity premia

Regarding illiquidity and spreads: It's not only the spread that is the metric but also the size of the bid & offer. A spread of 1 bps on a bid and offer of 100 shares may mean nothing by itself. We need to look at the rest of the book also. And then there has been some mention recently that there ...
by Chip
Tue Dec 11, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Drastic change in asset allocation?
Replies: 7
Views: 1466

Re: Drastic change in asset allocation?

Sorry I missed your notation about HCE complications. Unless I missed it, you didn't show the relative sizes of the accounts. If your 403b is large enough you could use FXNAX for all of your bond allocation. Then continue contributing all of your bond allocation to that account, up to your entire co...
by Chip
Sun Dec 09, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 114
Views: 15793

Re: Should I decline Grand Prize trip because of taxes on winnings?

Thanks for the update!

Were you able to keep your teeshot on the 17th green at Sawgrass?
by Chip
Sun Dec 09, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: Tips breakevens and illiquidity premia
Replies: 75
Views: 4932

Re: Tips breakevens and illiquidity premia

In financial economics, liquidity is defined as the ability to transact without affecting the price. In 2008 the order imbalance of TIPS unquestionably exceeded the liquidity of that asset class at that moment in time. Transact how much? How much price effect? It seems patently obvious to me that t...
by Chip
Sun Dec 09, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: Tips breakevens and illiquidity premia
Replies: 75
Views: 4932

Re: Tips breakevens and illiquidity premia

If very few want to buy your asset but you lower your asking price enough someone will eventually buy it. I call that situation illquidity. I have to disagree, Doc. I believe that if you can easily buy and sell with reasonable spreads that's the very definition of liquidity. Did you think that stoc...
by Chip
Sun Dec 09, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: You already own international stocks with VTSMX etc [Vanguard Total Stock Market]
Replies: 57
Views: 4829

Re: You already own international stocks with VTSMX etc [Vanguard Total Stock Market]

I mentioned these articles on whether to warm up your car in cold weather to some friends and got lots of scoffing :shock: https://www.roadandtrack.com/car-culture/videos/a30249/why-you-shouldnt-warm-up-your-car/ https://www.popularmechanics.com/cars/a19086/warming-up-your-car-in-the-cold-just-harm...
by Chip
Sun Dec 09, 2018 8:19 am
Forum: Investing - Theory, News & General
Topic: Tips breakevens and illiquidity premia
Replies: 75
Views: 4932

Re: Tips breakevens and illiquidity premia

Were TIPS actually illiquid in 9/2008? By that, I mean if I tried to sell my TIPS at the same time would I have taken a 10% haircut on trading spreads alone? [...] Does anyone have any evidence as to what trading spreads for TIPS in 9/2008 actually were? It seems clear to me that we are all guessin...
by Chip
Sat Dec 08, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: We Are Teetering on the Edge of A DEATH CROSS
Replies: 50
Views: 8623

Re: We Are Teetering on the Edge of A DEATH CROSS

People shouldn’t laugh off information of any kind — that’s just arrogance. The S&P500 death cross is a rare event that is taken seriously by a lot of very smart people. I’m not sure why people would laugh that off. Let me propose a different point of view: it's not arrogance, it's humility. Since ...
by Chip
Sat Dec 08, 2018 7:03 am
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6993

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

That is not universal though. Different Ohio counties appear to have different billing and due dates. For example, this Ohio county sends a tax bill in December that is due in January, which is very convenient for bunching: https://treasurer.franklincountyohio.gov/about-taxes/real-estate-taxes Yes,...
by Chip
Sat Dec 08, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6993

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

gilgamesh wrote:
Fri Dec 07, 2018 5:01 pm
Can you update this thread on your experience...I obviously will take the standard deduction for 2018.
I will try to remember to update the thread. Feel free to remind me if you don't see something by 12/30. :D
by Chip
Sat Dec 08, 2018 4:45 am
Forum: Investing - Help with Personal Investments
Topic: retirement contributions and tax diversification
Replies: 7
Views: 1110

Re: retirement contributions and tax diversification

If you were in our place, sitting in the 22% tax bracket in our mid/late-40s and able to max out just about every tax-advantaged vehicle in existence, what would you do? Keep stuffing the traditional accounts, or switch the 403(b) and 457(b) to Roth contributions going forward? From a tax diversifi...
by Chip
Fri Dec 07, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6993

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

It does not prohibit bunching your property tax. I have no doubt that in December 2019 I will go to the county tax department and they will take my check for the next years taxes. I don't share your confidence that my county will accept December payments, though I did when this thread started. I ag...
by Chip
Fri Dec 07, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6993

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

Yes, but it would be useful to know whether those that can prepay their taxes in 2018 can deduct them on their 2018 tax forms. Agreed. I think the IRS guidance is fairly useful in this regard. Since the Hamilton County escrow arrangement appears to be based on an estimate (using the prior year tax)...
by Chip
Fri Dec 07, 2018 11:11 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 12422

Re: Why Retirement Is Broken And Needs To Be Reinvented

Perhaps you see this as half full partly due to the fact that it did not cost you 10's of thousands of dollars out of your pocket to try and help with a 401k plan. (not to mention the many hours of time). The view changes when you move from striking keys from your home to originating and managing 4...
by Chip
Fri Dec 07, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6993

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

edit: perhaps tax lien means something different in Ohio. Here is what my state says about tax liens: My layman's understanding of a lien is the same as yours -- a legal filing against the property that would prevent it from being sold/transferred without the debt being paid or otherwise accommodat...
by Chip
Fri Dec 07, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Buying house for cash, sellers requesting proof of assets
Replies: 23
Views: 4565

Re: Buying house for cash, sellers requesting proof of assets

I had an identical situation years ago. I showed the sellers a page from my brokerage account with the account number blacked out, showing more than enough assets to buy the house. That was enough for them. I didn't give them a copy.
by Chip
Fri Dec 07, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6993

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

Is the tax lien that is attached on Jan 1, the same as the tax assessment mentioned in the IRS guidance? i.e. did the county know on Jan 1, 2018 what the tax bill was going to be that will be sent on Jan 25, 2019? I believe so. It's the same amount that I have mentioned previously as being availabl...
by Chip
Fri Dec 07, 2018 7:26 am
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6993

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

I pm’d the email response I got from our treasurer. Hope it satisfies your curiosity. Thanks, it does. Based on that email I think you have no chance of making a deductible payment this year. I suspect it will be the same in my county. The rules have apparently changed. Even if you were able to get...
by Chip
Fri Dec 07, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6993

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

They probably only allowed prepay because of the pending changes in tax law and were ovewhelmed by customers trying to do the same. If the tax has not yet been assessed, then no amount of prepayment is going to be deductible under the revised IRS guidance. Some counties accepted prepayments in 2017...