Search found 730 matches

by ofckrupke
Mon May 25, 2020 5:04 pm
Forum: Personal Investments
Topic: CA tax treatment of HSA
Replies: 18
Views: 873

Re: CA tax treatment of HSA

don't you have a record of your fund purchases? With HealthEquity that's not actually enough, since they don't show line level transactions for reinvestment (automatic,mandatory) of fund dividends; before a distribution, an account statement shows X shares; afterward, X+y. But in order to log the a...
by ofckrupke
Sat May 23, 2020 12:55 pm
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 62
Views: 6068

Re: Where to park cash in Fidelity?

Yes, but T bills are not cash. You might THINK they are, and I did, but they are not. I tried to sell T bills as the price reached par a month or so out from maturity and couldn't find a buyer at Fidelity so I couldn't get rid of them . I raised a stink at Fidelity's bond desk and was told there wa...
by ofckrupke
Sat May 09, 2020 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9747

Re: $2 million dollar house pre requisites

A need for the bogleheads seal of approval arguably disqualifies.

Put more charitably: such approval is not a necessity, and its pursuit probably a waste of one's time and mental energy in such a situation.
by ofckrupke
Thu May 07, 2020 10:44 pm
Forum: Personal Investments
Topic: Vanguard to Charles Schwab
Replies: 18
Views: 2067

Re: Vanguard to Charles Schwab

OP will probably not be able to custody admiral shares of the Vanguard actively managed intermediate and short term IG mutual funds at Schwab, and there's probably no good equivalent available - actively managed funds with high expense ratios that present too high a bar for the managers to overcome ...
by ofckrupke
Thu May 07, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 96
Views: 11112

Re: Capital One 360 Savings Promo

For those worried about getting ACH set up in time, why not just write yourself a check from your other bank account and do a mobile deposit into Capital One? You're telling me there's an app for that, but maybe I don't want it on my phone. And if mobile deposit only feeds directly to a C1 checking...
by ofckrupke
Thu May 07, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 96
Views: 11112

Re: Capital One 360 Savings Promo

Before you set up this account get your money organized. The Cap 1 money eligible for the bonus must arrive in the account within 10 days of opening. You can only set up 1 external bank account at a time, and each one will take several days to get the test deposits and verify. In other words, you s...
by ofckrupke
Wed May 06, 2020 8:31 pm
Forum: Personal Investments
Topic: New UC Physician - VA/TSP and DCP/403b/457b
Replies: 4
Views: 389

Re: New UC Physician - VA/TSP and DCP/403b/457b

Seems like 2 would be the best option for me since I have TSP matching with the VA. Do what it takes to maximize available free money. With matching, those dollars are NOT included in the $19500/year, correct? Employer contributions, whether match or basic, aren't elective deferrals and don't count...
by ofckrupke
Wed May 06, 2020 6:32 pm
Forum: Personal Investments
Topic: New UC Physician - VA/TSP and DCP/403b/457b
Replies: 4
Views: 389

Re: New UC Physician - VA/TSP and DCP/403b/457b

19.5k limit on elective deferrals pertains to the sum of employee UC-403b and TSP contributions.
by ofckrupke
Wed May 06, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed - Mortgage deferment letter explanation
Replies: 6
Views: 607

Re: PenFed - Mortgage deferment letter explanation

Every regular payment is composed of interest and principal portions. The interest portion for a particular payment is the interest rate on the principal outstanding in the previous month; the principal portion is the remainder of the regular payment. Here they are effectively offering a small addit...
by ofckrupke
Sun May 03, 2020 1:37 pm
Forum: Personal Investments
Topic: Lock in TIAA Trad 3% minimum?
Replies: 5
Views: 747

Re: Lock in TIAA Trad 3% minimum?

Isn't the plan changeover going to issue new CREF certificates as companions to the new RC and RCP Trad certificates, wall off new money from old, and respect the ex ante transfer rules between "old money" accounts under the old CREF and TIAA contracts/certificates? But yeah, in the short/mid term i...
by ofckrupke
Sun Apr 19, 2020 5:11 pm
Forum: Personal Investments
Topic: Home mortgage deduction
Replies: 2
Views: 228

Re: Home mortgage deduction

IRS Publication 936 describes methods to calculate the deductible portion of mortgage interest paid, subject to the limit/cap.
by ofckrupke
Sun Apr 19, 2020 12:11 pm
Forum: Investing - Theory, News & General
Topic: TIAA Traditional Returns
Replies: 13
Views: 649

Re: TIAA Traditional Returns

I will contact the Pension Resource Center it’s great cause they are located on campus. They wrote a white paper on sort of comparing defined benefit pension vs that they call Hybrid Co-operative Pensions and the TIAA-CREF System. Apologies - I didn't see that you were onto them already (from the p...
by ofckrupke
Sun Apr 19, 2020 10:57 am
Forum: Investing - Theory, News & General
Topic: TIAA Traditional Returns
Replies: 13
Views: 649

Re: TIAA Traditional Returns

Working out comparative stated benefit (TIAA Trad accumulations buy a benefit defined in tables in the contracts/certificates one receives upon payment of the first premium) is only part of the issue. The probability distributions to receive various fractions of the stated benefit each year througho...
by ofckrupke
Sat Apr 18, 2020 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire checking 1000$ offer
Replies: 155
Views: 22773

Re: Chase Sapphire checking 1000$ offer

My followup note is that Chase Bank paid my bonus on around day 91 after taking them up on the offer by upgrading the checking account. It was also about day 82 (not 90+) after new money added (in my case to YouInvest) first cleared the $75k bar. While I don't think this was baiting a trap, neither ...
by ofckrupke
Wed Apr 15, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Loss Carryover for Tax Filing Error?
Replies: 14
Views: 426

Re: Capital Loss Carryover for Tax Filing?

Agreed. The catch is, need to know some numbers from the 2017 return in order to amend 2018, because carryover loss is use it (against capital gain or up to 3k other income) or lose it, at 3k/year (or that lesser amount necessary to reduce the year's taxable income to zero). Unless ~50k+ of gain wa...
by ofckrupke
Wed Apr 15, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Loss Carryover for Tax Filing Error?
Replies: 14
Views: 426

Re: Capital Loss Carryover for Tax Filing?

Agreed. The catch is, need to know some numbers from the 2017 return in order to amend 2018, because carryover loss is use it (against capital gain or up to 3k other income) or lose it, at 3k/year (or that lesser amount necessary to reduce the year's taxable income to zero). Unless ~50k+ of gain was...
by ofckrupke
Tue Apr 14, 2020 6:06 pm
Forum: Personal Investments
Topic: Form 8959: Additional Medicare Tax Calculation
Replies: 6
Views: 243

Re: Form 8959: Additional Medicare Tax Calculation

Part V of form 8959 extracts the additional amount (above the 1.45% base rate) withheld by payroll from the total medicare tax withheld. The result, 8959 Line 24, is also to be included in the amount of estimated tax paid plus withheld, line 17 of form 1040. So if 8959 line 24 is greater than line 1...
by ofckrupke
Tue Apr 14, 2020 4:27 pm
Forum: Personal Investments
Topic: Does applying $3k of capital losses against regular income also apply for state tax returns? (California).
Replies: 15
Views: 910

Re: Does applying $3k of capital losses against regular income also apply for state tax returns? (California).

Not every state conforms with Federal rules. Check your state’s rules to be sure. Any idea of where I can find this information for states (CA)? I searched but not sure where to find the information. In the 2019 540 Personal Income Tax Booklet, available at ftb.ca.gov, on page 4 there's a section h...
by ofckrupke
Tue Apr 14, 2020 4:12 pm
Forum: Personal Investments
Topic: Does applying $3k of capital losses against regular income also apply for state tax returns? (California).
Replies: 15
Views: 910

Re: Does applying $3k of capital losses against regular income also apply for state tax returns? (California).

Not every state conforms with Federal rules. Check your state’s rules to be sure. Any idea of where I can find this information for states (CA)? I searched but not sure where to find the information. In the 2019 540 Personal Income Tax Booklet, available at ftb.ca.gov, on page 4 there's a section h...
by ofckrupke
Fri Mar 20, 2020 2:42 pm
Forum: Personal Investments
Topic: Question about short-term T-bill
Replies: 8
Views: 559

Re: Question about short-term T-bill

Since the OP is in California he/she should be aware that any capital gain on a t-bill sold before maturity will be fully taxable by the state as well as by the federal government (whereas the accrued discount at sale/maturity would only be federally taxable, at the same rate as a short-term CG). Ca...
by ofckrupke
Fri Mar 20, 2020 10:45 am
Forum: Personal Investments
Topic: TIAA Real Estate Movement
Replies: 76
Views: 4730

Re: TIAA Real Estate Movement

nolapepper wrote:
Thu Mar 19, 2020 11:06 pm
I hope I do not miss anything here. Does TIAA traditional have any restrictions?
[...]
The traditional is in the GSRA Account.
Being in GSRA means the most liquid flavor of Traditional. Can transfer out, in entirety if participant chooses, as easily/quickly as in.
by ofckrupke
Thu Mar 19, 2020 12:16 pm
Forum: Investing - Theory, News & General
Topic: Was planning 70, but considering FRA at 66 to take advantage of COVID-19 Market
Replies: 9
Views: 1034

Re: Was planning 70, but considering FRA at 66 to take advantage of COVID-19 Market

stephenson wrote:
Thu Mar 19, 2020 12:07 pm
Thoughts?
Wait. At least for now. There's nowhere near enough decline (yet) to raise expected returns (which properly should be evaluated out to an endpoint at your actuarial/expected demise years) enough to rationalize betting on vs. the "sure" return on postponing the OA benefit.
by ofckrupke
Thu Mar 19, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire checking 1000$ offer
Replies: 155
Views: 22773

Re: Chase Sapphire checking 1000$ offer

Has anyone got any updates on their Sapphire account bonus? 1. I was told that the overall balance (checking+savings+investment account in YouInvest) count towards the 75k balance limit. I moved my money from sapphire checking to VUSXX fund in YouInvest. This should be fine right? 2. $25 monthly fi...
by ofckrupke
Tue Mar 17, 2020 2:33 pm
Forum: Investing - Theory, News & General
Topic: VERY disappointed in Vanguard's ETHICS!!!
Replies: 27
Views: 2301

Re: VERY disappointed in Vanguard's ETHICS!!!

OP, please let us know when you get your case scheduled before Judge Judy.
by ofckrupke
Sat Feb 29, 2020 10:21 pm
Forum: Personal Investments
Topic: VTEAX Tax Exempt Bond Index Fund
Replies: 17
Views: 2876

Re: VTEAX Tax Exempt Bond Index Fund

Now I need to revisit my municipal bond investing strategy. I've been using Intermediate-Term Tax-Exempt. I could switch to the index fund, I could stay where I am, or I could put new investments into the index fund while keeping old investments in the intermediate-term fund. Door #2 or 3. At least...
by ofckrupke
Wed Feb 26, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 backdoor Roth IRA with existing tIRA
Replies: 3
Views: 262

Re: Form 8606 backdoor Roth IRA with existing tIRA

1) line 1 should only be $6000. 2) if you didn't do a conversion in 2019 then you won't fill out lines 4-13, or part II, on this 2019 form. The result on line 14 (= from line 3) of this 2019 form will insert onto line 2 of your 2020 form (that one will get lines 4-13 filled in, and part II, if you d...
by ofckrupke
Sat Feb 22, 2020 12:44 pm
Forum: Personal Investments
Topic: 401k investment change from VBTIX to VBMPX
Replies: 3
Views: 237

Re: 401k investment change from VBTIX to VBMPX

These are different share classes (Institutional, and Institutional-Plus) of the same index fund.
by ofckrupke
Fri Feb 21, 2020 1:11 am
Forum: Personal Finance (Not Investing)
Topic: California HSA - How to complete Schedule CA?
Replies: 12
Views: 933

Re: California HSA - How to complete Schedule CA?

But can we agree that the instructions don't actually make sense? The $4,000 in dividends from the Treasury fund appear on federal Schedule B Part II (Ordinary Dividends), and thus appear on 1040 line 3b, and thus appear on California Schedule CA, line 3 (THREE), column A. So why does California in...
by ofckrupke
Thu Feb 20, 2020 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: California HSA - How to complete Schedule CA?
Replies: 12
Views: 933

Re: California HSA - How to complete Schedule CA?

On California Schedule CA, Part I, Section A... Line 2a should show $5,000 (sum of dividends from the CA and national muni funds) Line 2, Col C should show $3,000 (adding the dividends from the national muni fund) Line 3, Col B should show $4,000 (subtracting the dividends from the Treasury fund) I...
by ofckrupke
Thu Feb 20, 2020 10:33 pm
Forum: Personal Investments
Topic: Auto-roll Tbill experience at Schwab
Replies: 10
Views: 782

Re: Auto-roll Tbill experience at Schwab

Nate79, I've never used the treasury auto-roll feature at Fidelity. Is it also the case with Fidelity's auto-roll that you spend one week out of every five uninvested--assuming that you're rolling 4-week T-bills? That seems suboptimal. Edited: I see now that someone else had mentioned that drawback ...
by ofckrupke
Thu Feb 20, 2020 4:11 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2119
Views: 372802

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

curious about your logic on the YouInvest ($625) bonus first. The $1000 checking bonus only requires $75,000 deposit and the bonus may not be available in 12 months. Yup, offer expiration is a risk. Modulo that though: the YouInvest bonus wants a new account. They cost something to close. So if you...
by ofckrupke
Thu Feb 20, 2020 3:22 pm
Forum: Personal Investments
Topic: Choosing CA municpal bonds, go it alone or Schwab fixed income specialist?
Replies: 14
Views: 1300

Re: Choosing CA municpal bonds, go it alone or Schwab fixed income specialist?

I've been a Schwab client for almost 40 years, but if my spouse did not already have a Vanguard account I would open one for the purpose of buying/holding VCADX and/or VCLAX (Intermediate and Long-Term CA-Exempt funds, admiral shares, er=0.09%) before shopping individual CA munis at the home shop.
by ofckrupke
Thu Feb 20, 2020 3:10 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2119
Views: 372802

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

The Chase Sapphire checking has a $1000 bonus, and You Invest has a $625 bonus for moving $250,000. Is parking $250,000 at You Invest going to get me both bonuses to total $1625? No. It's not very hard at all to determine from the fine print of the two offers that if you want both, you need to stag...
by ofckrupke
Wed Feb 19, 2020 12:58 pm
Forum: Personal Investments
Topic: Income dropped - What to do with VWIUX?
Replies: 4
Views: 470

Re: Income dropped - What to do with VWIUX?

Anyway, maybe the OP's federal marginal rate is 27.8% (owing to NIIT) rather than 24?
by ofckrupke
Wed Feb 19, 2020 12:29 pm
Forum: Personal Investments
Topic: 2019 taxes - Backdoor Roth Help requested
Replies: 5
Views: 508

Re: 2019 taxes - Backdoor Roth Help requested

Well, if going the way of paying the excess contribution tax and applying the excess from 2019 to 2020 to avoid a distribution penalty, does the newly year-shifted 2020 contribution also still eat up 2019 IRA quota? If not, then there's still time to make a 2019 TIRA conversion and backdoor it. But...
by ofckrupke
Tue Feb 18, 2020 7:03 pm
Forum: Personal Investments
Topic: 2019 taxes - Backdoor Roth Help requested
Replies: 5
Views: 508

Re: 2019 taxes - Backdoor Roth Help requested

Well, if going the way of paying the excess contribution tax and applying the excess from 2019 to 2020 to avoid a distribution penalty, does the newly year-shifted 2020 contribution also still eat up 2019 IRA quota? If not, then there's still time to make a 2019 TIRA conversion and backdoor it. But ...
by ofckrupke
Tue Feb 18, 2020 5:53 pm
Forum: Personal Investments
Topic: 2019 taxes - Backdoor Roth Help requested
Replies: 5
Views: 508

Re: 2019 taxes - Backdoor Roth Help requested

My plan is to pay the 6% penalty on his Roth and recharacterize 2019 roth contribution to 2020 roth contributions. For her: Check with Fidelity to 1) rollover all Tira contribution to 403b, 2) Recharacterize Roth contribution as non deductible Tira and 3) then immediately backdoor roth.This way my ...
by ofckrupke
Tue Feb 18, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Net Investment Income Tax and SALT deduction cap
Replies: 53
Views: 7323

Re: Net Investment Income Tax and SALT deduction cap

Two points of defensive accounting for those who do deduct state income tax in part II of form 8960: 1) IMO it would be hard to defend in audit the use of the state bracket rate x the state-tax-subject net investment income as a reasonable method. One more defensible method would be state-subject in...
by ofckrupke
Sun Feb 16, 2020 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to claim HSA investments on my taxes (Cali)
Replies: 21
Views: 1571

Re: How to claim HSA investments on my taxes (Cali)

If they do distribute Capital Gains, you'll see them as a transaction in your account. Not at HealthEquity. There, new money share transactions show but distribution&reinvestment don't; the share count will just silently change at or slightly after the fund provider's reinvestment date. So a CA acc...
by ofckrupke
Sat Feb 15, 2020 4:26 pm
Forum: Personal Investments
Topic: Need advise on $1k additional principal every month
Replies: 10
Views: 1180

Re: Need advise on $1k additional principal every month

Thank you everyone for your response. I have $158K left in my mortgage. Rate is 3.7% for 7/1 ARM. I did inquire with PNC bank about refinancing to 15 year but looking at all the details the loan officer suggested not to. I have about $120K in 2x 401K, around $35K in emergency, and another $50K in E...
by ofckrupke
Sat Feb 15, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to claim HSA investments on my taxes (Cali)
Replies: 21
Views: 1571

Re: How to claim HSA investments on my taxes (Cali)

Do the dividends get added and subtracted on line 2 of Schedule CA? In this case, 100% of fund dividends get added in 3b column C. The 99.9n% owing to US Govt obligation interest gets subtracted in 2b column B. Not putting offsetting entries on the same row is a little weird the first time, but 1) ...
by ofckrupke
Sat Feb 15, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to claim HSA investments on my taxes (Cali)
Replies: 21
Views: 1571

Re: How to claim HSA investments on my taxes (Cali)

Yeah, I don't think you were perfectly served in that topic, but I do think that the ledger and tax accounting for autorolled t-bills at Fidelity would still be appreciably easier than what I am going through at (employer-chosen) HealthEquity to hold VIPIX - a TIPS fund and for my purposes still the...
by ofckrupke
Sat Feb 15, 2020 1:41 pm
Forum: Investing - Theory, News & General
Topic: Total Stock Market Index - Section 199A dividends this year
Replies: 169
Views: 21156

Re: Total Stock Market Index - Section 199A dividends this year

Anyone know the extent of Sec 199A dividends reported by other broad index funds or ETFs of other large brokers such as Schwab or Fido? Fidelity info, broken out per distribution like Vanguard's format-1 spreadsheet, is available in pdf and xlsx formats at https://institutional.fidelity.com/app/lit...
by ofckrupke
Fri Feb 14, 2020 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to claim HSA investments on my taxes (Cali)
Replies: 21
Views: 1571

Re: How to claim HSA investments on my taxes (Cali)

A third variant is now often found in short-term bond index funds, which at least recently have tended to be >50% treasuries so pass CA's asset threshold test. All of the dividend income goes to line 3b column A, nothing to column C, and the portion attributable to treasuries, assuming the CA asset...
by ofckrupke
Fri Feb 14, 2020 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to claim HSA investments on my taxes (Cali)
Replies: 21
Views: 1571

Re: How to claim HSA investments on my taxes (Cali)

interest on bonds should show up as an addition on Schedule CA (540) on line 2b column C (year 2019 line numbering), and dividends should show up on line 3b column C. Income from both individual bond interest and fund dividends that would be state-exempt even if it weren't in an HSA should also be ...
by ofckrupke
Fri Feb 14, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to claim HSA investments on my taxes (Cali)
Replies: 21
Views: 1571

Re: How to claim HSA investments on my taxes (Cali)

in terms of interest/dividends received on treasury holdings in my HSA, how do I claim it properly on my taxes? Using either TurboTax or 1040.com for my taxes FYI. I have no idea how to get TT or other software to jump the hoops, but interest on bonds should show up as an addition on Schedule CA (5...
by ofckrupke
Fri Feb 14, 2020 5:00 pm
Forum: Personal Investments
Topic: Does it matter whether I buy low-coupon or high-coupon Treasuries?
Replies: 9
Views: 585

Re: Does it matter whether I buy low-coupon or high-coupon Treasuries?

Approximately speaking, it doesn't matter. If your marginal rate regime at disposition will particularly favor LTCG income over regular interest (typically the highest brackets), then you can get more benefit than others from the de minimis exception which allows specifies the accretion of sub-thres...
by ofckrupke
Wed Feb 12, 2020 4:33 pm
Forum: Personal Investments
Topic: Municipal bonds vs cash/CDs
Replies: 11
Views: 1435

Re: Municipal bonds vs cash/CDs

A side note is that the medicare tax rate (1.45%, + 0.9% for subject income above 200k single/250k mfj) only applies to labor income. The relevant high-income surtax for this topic is the Net Investment Income tax; NII above AGI 200k/250k is surtaxed at 3.8%. That doesn't change the numbers calculat...
by ofckrupke
Thu Jan 30, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire checking 1000$ offer
Replies: 155
Views: 22773

Re: Chase Sapphire checking 1000$ offer

[...] I wasn't about to give Chase/YouInvest a connection to an external brokerage account anyway, so elected instead to pull in cash from a (normally empty) external deposit account attached to that brokerage account. Done this way, the least-time-out-of-market sequence is $25k every fourth busine...