Search found 589 matches

by 2beachcombers
Thu Sep 20, 2018 7:43 am
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 57
Views: 7241

Re: Tax Reform - Revised Kiddie Tax

Thanks for the correction. :oops: I like your # better :beer
jerry
by 2beachcombers
Wed Sep 19, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 57
Views: 7241

Re: Tax Reform - Revised Kiddie Tax

No, the capital gains that puts the total unearned income past $4700 should be taxed at the capital tax rate (15%) of the next bracket. $5200 - $4700 = $500 This is the same as the way standard tax brackets work. I really think you should wait until the relevant instructions are released in at leas...
by 2beachcombers
Sun May 27, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax-Please check my math
Replies: 23
Views: 2354

Re: Foreign Tax-Please check my math

After analyizing my Investments using triceratop's Tax Efficiency analysis, I moved all my deferred international funds to my Brokerage account.Table below shows 2017 results I think are too good to be true. ............Div ... QDI ... NQDI ...%QDI... Ftpaid FPMAX .3392 ... 2067 .. 1325... 61% ... ...
by 2beachcombers
Sun May 27, 2018 5:08 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax-Please check my math
Replies: 23
Views: 2354

Re: Foreign Tax-Please check my math

After analyizing my Investments using triceratop's Tax Efficiency analysis, I moved all my deferred international funds to my Brokerage account.Table below shows 2017 results I think are too good to be true. ............Div ... QDI ... NQDI ...%QDI... Ftpaid FPMAX .3392 ... 2067 .. 1325... 61% ... ...
by 2beachcombers
Wed Feb 28, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: International funds: Tax-deferred or Roth?
Replies: 32
Views: 2159

Re: International funds: Tax-deferred or Roth?

Here's a detail that seems suitable to toss to the Bogleheads forum: When one has a choice: Is it better to have international funds that pay foreign taxes in a tax-deferred account than in a Roth account? Since the Foreign Tax Credit is not available for the foreign taxes in these accounts, it see...
by 2beachcombers
Wed Feb 28, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: International funds: Tax-deferred or Roth?
Replies: 32
Views: 2159

Re: International funds: Tax-deferred or Roth?

Here's a detail that seems suitable to toss to the Bogleheads forum: When one has a choice: Is it better to have international funds that pay foreign taxes in a tax-deferred account than in a Roth account? Let's get back to the question above. I have Roth account, Taxable account and tIRQ. Rebalanc...
by 2beachcombers
Wed Feb 28, 2018 12:02 pm
Forum: Investing - Theory, News & General
Topic: International funds: Tax-deferred or Roth?
Replies: 32
Views: 2159

Re: International funds: Tax-deferred or Roth?

Here's a detail that seems suitable to toss to the Bogleheads forum: When one has a choice: Is it better to have international funds that pay foreign taxes in a tax-deferred account than in a Roth account? It's essentially irrelevant, by the usual tax-adjustment argument. Say that you retire in a 2...
by 2beachcombers
Wed Feb 28, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: International funds: Tax-deferred or Roth?
Replies: 32
Views: 2159

Re: International funds: Tax-deferred or Roth?

... a significant savings in taxes by placing all international funds ... You may have a misconception here. The intent is not to minimize taxes but to maximize after tax returns. It's not always the same thing. From the little chart you showed it appears that you may be equating an amount of preta...
by 2beachcombers
Wed Feb 28, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: International funds: Tax-deferred or Roth?
Replies: 32
Views: 2159

Re: International funds: Tax-deferred or Roth?

Here's a detail that seems suitable to toss to the Bogleheads forum: When one has a choice: Is it better to have international funds that pay foreign taxes in a tax-deferred account than in a Roth account? Since the Foreign Tax Credit is not available for the foreign taxes in these accounts, it see...
by 2beachcombers
Thu Feb 01, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax-Please check my math
Replies: 23
Views: 2354

Re: Foreign Tax-Please check my math

I suspect more people will start to have carryovers. One reason it becomes more likely is that your net foreign source taxable income is reduced by a prorated amount of your US standard deduction (which just increased). So even though you have paid foreign taxes on foreign income, you can't claim t...
by 2beachcombers
Tue Jan 30, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax-Please check my math
Replies: 23
Views: 2354

Re: Foreign Tax-Please check my math

Yous guys are Great!! ----More Math checks please. and a reason for Internationals in Brokerage account ? Case1... taxable = domestic 95% QD.......Tax=15% and International in Roth, US tax = 0; Plus 7% Int. Tax Case2...taxable = International 70% QD...Tax=7%(int)+17%(US)-7%(credit)=17% and domestic...
by 2beachcombers
Tue Jan 30, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax-Please check my math
Replies: 23
Views: 2354

Re: Foreign Tax-Please check my math

House Blend--thanks for the update and correction--and I still have a way to go before the 20K kicks in
by 2beachcombers
Mon Jan 29, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax-Please check my math
Replies: 23
Views: 2354

Re: Foreign Tax-Please check my math

Wagnerj b-understand the 17% weighted average. And I deduct the 7% for Int. If these dividends were US, I would pay 17% Since I get the 7% deducted, I pay 17%-7% or 10% If these dividends were in deferred accounts, I would still pay the 7%-but no credit. Maybe I can't see the forest for the trees? ...
by 2beachcombers
Mon Jan 29, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax-Please check my math
Replies: 23
Views: 2354

Re: Foreign Tax-Please check my math

Thanks, and yes I always check--in my case no carry over this year
by 2beachcombers
Mon Jan 29, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax-Please check my math
Replies: 23
Views: 2354

Foreign Tax-Please check my math

After analyizing my Investments using triceratop's Tax Efficiency analysis, I moved all my deferred international funds to my Brokerage account.Table below shows 2017 results I think are too good to be true. ............Div ... QDI ... NQDI ...%QDI... Ftpaid FPMAX .3392 ... 2067 .. 1325... 61% ... 3...
by 2beachcombers
Thu Jun 08, 2017 7:59 am
Forum: Investing - Theory, News & General
Topic: Retirees: What are you doing about withdrawing?
Replies: 31
Views: 5705

Re: Retirees: What are you doing about withdrawing?

Retired 17 yr. Only withdraw dividends from taxable account.
Ability to do this was waiting till 70 for SS, Pension and controlling expenses

jerry
by 2beachcombers
Sat Jan 28, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation - considering a change
Replies: 18
Views: 1739

Re: Asset Allocation - considering a change

Kitces has an interesting article on asset allocation and seperates risk tolerance :confused with risk ability(capacity) :D . This may help you with a more accurate view of your risk decision as your risk ability is in very good shape. We are similar to the OP wrt income but maintain a 70% equity al...
by 2beachcombers
Sun Jan 22, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: 2016 Relative Tax Efficiency
Replies: 53
Views: 16845

Re: 2016 Relative Tax Efficiency

As for foreign dividends -- this is the same calculation as I did last year so everyone missed it? Yep, you're right! I cannot believe I missed that all this time. All fixed; thanks again! Of course, it makes only a very small difference.[/quote] I could not see your changes wrt US tax paid on fore...
by 2beachcombers
Sat Jan 21, 2017 5:29 pm
Forum: Investing - Theory, News & General
Topic: Formula for dividend tax drag?
Replies: 51
Views: 6185

Re: Formula for dividend tax drag?

People think mine is the original because I was the first to publish a public link to the calculations; but it should have been obvious that I didn't write the sheet in the 11 minutes it took to respond to a post. All credit goes to livesoft. Oh, and the 2016 sheet is coming out today. Foreign equi...
by 2beachcombers
Sat Jan 21, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: Formula for dividend tax drag?
Replies: 51
Views: 6185

Re: Formula for dividend tax drag?

I just did the tax cost ratio for 2014 for some of my ETFs and funds. They are just estimates because of a couple of current unknowns: 1. The fraction of the dividend that is qualified versus non-qualified. That changes the tax rates applied by almost 100%. 2. The foreign tax rate on the dividends ...
by 2beachcombers
Mon Jan 16, 2017 3:03 pm
Forum: Investing - Theory, News & General
Topic: 100% equities in Roth part of portfolio?
Replies: 19
Views: 2623

Re: 100% equities in Roth part of portfolio?

My Roth (Vanguard) is 100% equities My 403b (TIAA) contains equities and TIAA Traditional for fixed income My taxable account (Vanguard) is 100% equities AA for entire portfolio is 70% equities, 30% fixed income +1--70% equities/Berstein Ida AA--retired since 2000 oldzey----I have similar AA and pl...
by 2beachcombers
Mon Jan 09, 2017 2:04 pm
Forum: Investing - Theory, News & General
Topic: Fidelity International Index Funds
Replies: 9
Views: 1476

Re: Fidelity International Index Funds

In the future you will want to Tax Loss Harvest your funds. International, Emerging and Int small cap do not always move together. I have IEMG, IEFA, VSS and I TLH these with FPMAX, FSIVX and SCZ. All are in my taxable account to get the Foreign Tax credit. I also manage my MAGI( due to Medicare par...
by 2beachcombers
Wed Dec 21, 2016 5:48 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversion/Reconversion Strategy
Replies: 21
Views: 1464

Re: Roth Conversion/Reconversion Strategy

livesoft--I think I understand. Well I understand physics, thermo, quantum mechanics--but the IRS is a challenge :confused .. I think you pay all the taxes in 2016 on both horses. In 2017 you convert for horse C, and in october chose one or the other or both or none. In the case where you rechar ho...
by 2beachcombers
Wed Dec 21, 2016 4:42 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversion/Reconversion Strategy
Replies: 21
Views: 1464

Re: Roth Conversion/Reconversion Strategy

Very interesting and too clever by far; livesoft, do you ask for an extension for 2016 Fed Tax or for horse B. in Apr. pay total fed tax including horse B ? Have not recharacterized in years and my blury memory says YES--you can rechar up to OCT the following year? But--don't you still have to pay ...
by 2beachcombers
Wed Dec 21, 2016 10:37 am
Forum: Investing - Theory, News & General
Topic: Roth Conversion/Reconversion Strategy
Replies: 21
Views: 1464

Re: Roth Conversion/Reconversion Strategy

Since you are going to continue to race horses, you can do the following: Another single conversion in 2017 of $90K, call it horse C. Certainly horse B has a 27% headstart. :) File for an extension in April and pay the required taxes. In October before you file your tax return, recharacterize one o...
by 2beachcombers
Wed Dec 21, 2016 8:29 am
Forum: Investing - Theory, News & General
Topic: Roth Conversion/Reconversion Strategy
Replies: 21
Views: 1464

Re: Roth Conversion/Reconversion Strategy

Without more information about why it might be good to convert at 28%….I think converting anything at 28% may be a poor decision and converting more 33% is an even poorer decision. I would think that it is a very rare circumstance where converting at 33% is smart. It sounds like you feel like you w...
by 2beachcombers
Tue Dec 20, 2016 3:57 pm
Forum: Investing - Theory, News & General
Topic: a review of two of Jim Lange's books on retirement planning-both worth your time
Replies: 2
Views: 714

Re: a review of two of Jim Lange's books on retirement planning-both worth your time

Larry, thanks, just purchased the book.

Purchaced Ed Slott's Time Bomb in 2004.-put me on the right track for retirement and estate planning :moneybag -time for an update

jerry
by 2beachcombers
Tue Dec 20, 2016 3:36 pm
Forum: Investing - Theory, News & General
Topic: Is VBR a no-brainer over IJS?
Replies: 47
Views: 8361

Re:

I prefer IJS in a taxable account, since it's so much more tax efficient. It's total return that counts - VBR paid a big dividend in Dec, but the price dropped vs IJS. Nick i'm in a 25% bracket, no state tax. VBR is slightly more efficient in my Taxable account. I own both and TLC both. I also own ...
by 2beachcombers
Tue Dec 20, 2016 3:29 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversion/Reconversion Strategy
Replies: 21
Views: 1464

Re: Roth Conversion/Reconversion Strategy

good bind to be in;

the 43% is a go

figure the tax on your 27% portion. If less than what you will be paying in the future on you MRD(if left in IRA). Then also convert it.

You can also convert a fraction of the 27%

jerry :idea:
by 2beachcombers
Sat Dec 17, 2016 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 250
Views: 39796

Re: Fidelity free Turbotax

I purchase TT desktop every year, send receipt to Fido and they refund--simple

jerry
by 2beachcombers
Sat Dec 17, 2016 11:02 am
Forum: Personal Finance (Not Investing)
Topic: 4runner vs. Highlander?
Replies: 43
Views: 12858

Re: 4runner vs. Highlander?

On my 2nd highlander. Gave first to my son--has 100k miles on it.Had a stuck CD in it and did not want to deal with it. Son bypassed it. Bought the second limited new for 38k$ cash.
jerry
by 2beachcombers
Thu Dec 15, 2016 4:37 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Announces Short-Term Trading Fee Removal
Replies: 26
Views: 6279

Re: Fidelity Announces Short-Term Trading Fee Removal

Good, but until the Cap Gains liability is gone, I will stick to ETFs in taxable account :mrgreen:

jerry
by 2beachcombers
Sun Nov 20, 2016 8:21 am
Forum: Investing - Theory, News & General
Topic: roth allocation [very long time frame]
Replies: 7
Views: 1185

Re: roth allocation [very long time frame]

We are 100% US equities in Roths and have been for 10 yrs(same plan as yours for our kids).--VBR, FSSVX, FLCHX,FSTVX 60% Foreign EtFs in Brokerage and 40% US equities Bonds, REIT in IRA :sharebeer AA 70% equities overall, Bernstein IDA adjusted to 70% AA=56% if pension considered AA= 42% if SS consi...
by 2beachcombers
Sat Nov 12, 2016 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Asset Allocation for 35/yo's
Replies: 1
Views: 466

Re: Asset Allocation for 30/yo's

I was 100% equities for 40 years ; 80% for 10 yrs and now 70% in retirement.

Would recommend 80% if you can't just let it ride.

jerry
by 2beachcombers
Tue Oct 25, 2016 3:12 am
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2531

Re: TurboTax 2016--Schd D repeat

I just hung up on TurboTax after verifying they did it again.--Schd D is not in Delux-----AGAIN!!!!. :shock: I can't believe they did it again--I will look elsewhere after being a TT customer for 18 yrs :oops: We need an Icon for someone shooting themselves in the head. I guess they are in a downsi...
by 2beachcombers
Tue Oct 25, 2016 3:10 am
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2531

Re: TurboTax 2016--Schd D repeat

After probably 20 years with TurboTax I used TaxAct last year. Removing the schedule was not an oversight on the part of Intuit. It was a sneaky way to increase prices. UNBELIEVEABLE--TALKED TO THE SAME CSR--AND IN FACT 2016 WILL BE THE SAME AS 2015 FOR THE DESKTOP VERSION. HE HAD NO IDEA ! Correct...
by 2beachcombers
Mon Oct 24, 2016 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2531

Re: TurboTax 2016--Schd D repeat

One option for dealing with anger and frustration over this is to simply pony up for Premier, but then share it among several friends. When I feel a company treats me fairly, I have no desire to rip them off (e.g. netflix); when they don't, I have no compunctions about doing so. i thought about tha...
by 2beachcombers
Mon Oct 24, 2016 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2531

Re: TurboTax 2016--Schd D repeat

Is TurboTax 2016 even available? The posts I saw it always comes out around Nov.10-15 TT availalable on Nov 24, I am in a special situation where I need to understand my total tax obligation for 2016 (traveling Nov 10-22 and Dec 1- Dec 22 and must determined how much to declare as tax on my MRD wit...
by 2beachcombers
Mon Oct 24, 2016 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2531

Re: TurboTax 2016--Schd D repeat

Used TurboTax forever, but then dropped them when their marketing priced Deluxe higher and eliminated schedule D. Didn't matter that they then offered to upgrade to Premier for no extra charge, since they had tried pulling a similar bait-and-switch in the past. Now that I've used H&R for the last 2...
by 2beachcombers
Mon Oct 24, 2016 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2531

Re: TurboTax 2016--Schd D repeat

2015 I downloaded TurboTax deluxe. It had Schedule D, and did imports from Vanguard and Morgan Stanley. I just now brought it up, and verified, it is indeed deluxe. They do talk about "additional help" with premier, but I needed no additional help. Will probably go with TT deluxe again if I see a g...
by 2beachcombers
Mon Oct 24, 2016 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2531

Re: TurboTax 2016--Schd D repeat

furwut wrote:After probably 20 years with TurboTax I used TaxAct last year. Removing the schedule was not an oversight on the part of Intuit. It was a sneaky way to increase prices.

UNBELIEVEABLE--TALKED TO THE SAME CSR--AND IN FACT 2016 WILL BE THE SAME AS 2015 FOR THE DESKTOP VERSION. HE HAD NO IDEA !
by 2beachcombers
Mon Oct 24, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2531

Re: TurboTax 2016--Schd D repeat

A lot of people have given TaxAct favorable reviews and it is significantly less expensive than TurboTax. I need to create 1041s for some trusts where I'm the trustee, and the TaxAct program that handles estates and trusts is also much cheaper than the TurboTax Business program. TaxAct says that it...
by 2beachcombers
Mon Oct 24, 2016 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2531

Re: TurboTax 2016--Schd D repeat

cadreamer2015 wrote:After more than 20 years with TurboTax I'm trying TaxAct this year. I've already preordered the download, thanks to a link on this board.
Why did you choose taxact? And does it have the forms switch to inputs?
by 2beachcombers
Mon Oct 24, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2531

Re: TurboTax 2016--Schd D repeat

After more than 20 years with TurboTax I'm trying TaxAct this year. I've already preordered the download, thanks to a link on this board. If you have a lot of transactions, accounts that accrued interest, etc it really helps to have a program that can automatically pull 1099s and other documents fr...
by 2beachcombers
Mon Oct 24, 2016 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2531

[TurboTax 2016--Schd D not included in online version (desktop only)]

I just hung up on TurboTax after verifying they did it again.--Schd D is not in Delux-----AGAIN!!!!. :shock: I can't believe they did it again--I will look elsewhere after being a TT customer for 18 yrs :oops: We need an Icon for someone shooting themselves in the head. I guess they are in a downsiz...
by 2beachcombers
Fri Sep 02, 2016 8:39 am
Forum: Investing - Theory, News & General
Topic: Ric Edelman's The Truth about Retirement on PBS
Replies: 142
Views: 17998

Re: Ric Edelman's The Truth about Retirement on PBS

NO CAR PAYMENT--26 YRS
NO MORGAGE--17 YRS
NO ADIVSOR----12 YRS
SIMPLE PORTFOLIO :idea:
by 2beachcombers
Sun Aug 28, 2016 7:55 am
Forum: Investing - Theory, News & General
Topic: Retirees Saying No To The Market
Replies: 57
Views: 9488

Re: Retirees Saying No To The Market

I tried for years to get my mother in law to invest in the market. When she went to a nursing home in 2006, she had about 15 laddered CDs. Then 2008, and I was very happy she didn't listen to me :oops:

jerry
by 2beachcombers
Fri Aug 26, 2016 3:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Recommends Stocks in Taxable; Bonds in Tax-advantage accounts
Replies: 29
Views: 4741

Re: Vanguard Recommends Stocks in Taxable; Bonds in Tax-advantage accounts

Patrick: One thing nearly all mathematicians ignore when figuring safe withdrawal rates is that cap-gains in taxable accounts are tax-free at death. This is another reason why stocks are usually better suited for taxable accounts. My living expenses (after pension, social security and 2 SPIA annuit...
by 2beachcombers
Wed Aug 24, 2016 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my Mother's investments
Replies: 9
Views: 1109

Re: Help with my Mother's investments

It might wise to check out a SPIA annuity with only $196500 in funds. 120k will get her about $700 a month. That still leave her with $76k to invest in a very conservative low cost fund or just put it in CDs. Most likely her disability is cola so only 30% of her income is exposed to inflation. She ...