Search found 565 matches

by ofckrupke
Sat Jan 12, 2019 10:01 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2633

Re: Schwab SWSXX going away

In fact you should have been able to sell SWVXX the next trading day and settled without margin expense. This part isn't right; irrespective of getting settled funds from sale on account on settlement day for the buy, it would represent a free ride because over the first night both the purchased T+...
by ofckrupke
Sat Jan 12, 2019 2:38 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2633

Re: Schwab SWSXX going away

Good idea. Do you have to track the treasuries manually? No. Schwab includes an insert with the paper 1099-div detailing the fraction of income from US Govt Obligations in each of 50+ sundry funds; and as applicable, affirming that a fund's portfolio asset fraction satisfies my state's 50% exempt-a...
by ofckrupke
Sat Jan 12, 2019 2:02 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2633

Re: Schwab SWSXX going away

...But the change did aggravate me for a couple of months. +1 It still aggravates me. I've come pretty close to moving multiple accounts to Fidelity because of it. Only saving grace for Schwab is that I'm otherwise comfortable with Schwab and would prefer to have accounts at a couple of brokerages ...
by ofckrupke
Fri Jan 11, 2019 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity problems and what is substantially similar
Replies: 24
Views: 3140

Re: Fidelity Problems

Well, I don't think there is any question about it; it can only be attributable to human error.
This sort of thing has cropped up before, and it has always been due to human error.
by ofckrupke
Tue Jan 08, 2019 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: 403b allows after-tax contributions but not in-service distributions
Replies: 5
Views: 350

Re: 403b allows after-tax contributions but not in-service distributions

The after-tax option provides a method to secure an employer match for a mid-year hire who already hit the elective deferral (pre-tax) limit for the year at a previous employer. Allowing in-service distribution is probably more costly to administer & demonstrate compliance.
by ofckrupke
Tue Jan 08, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Treasury ETFs Tax Treatment
Replies: 4
Views: 503

Re: Treasury ETFs Tax Treatment

Federally, report as dividends. Statewise, generally there will be provision for adjustment of income items that are taxed differently by your state, and t he instructions for your state tax forms will tell you how to effect these adjustments on the forms (in California for 2018 for example, the sta...
by ofckrupke
Mon Jan 07, 2019 12:54 pm
Forum: Investing - Theory, News & General
Topic: VMMXX - Interest or Dividend Tax?
Replies: 10
Views: 1074

Re: VMMXX - Interest or Dividend Tax?

As a practical matter the answer depends on how the asset custodian reports the income (on a 1099-div, XOR a 1099-int). From personal experience, Vanguard reports VMMXX dividend income as (non-qualified) ordinary dividends, for the dividend section of schedule B and line 3b of the post-TCJA form 104...
by ofckrupke
Mon Jan 07, 2019 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: UC quarterly fee liquidating total market fund
Replies: 2
Views: 318

Re: UC quarterly fee liquidating total market fund

Adjust your holdings promptly after each quarterly debit to compensate, if it bothers you that much. The share and dollar fee amounts should be available in the transaction history. I passively observe a similar quarterly fee debit process in an ex-employer's plans record-kept at Fidelity. The seque...
by ofckrupke
Thu Jan 03, 2019 12:36 am
Forum: Investing - Help with Personal Investments
Topic: UC Retirement Dividends?
Replies: 2
Views: 441

Re: UC Retirement Dividends?

The UC fund fact sheets I sampled say in each case, either early in the text or in the footnote section, that the fund is a "separate account"; and the last sentence in each sheet's footnote section observes that "this investment option is not a mutual fund". So it will function similarly to the acc...
by ofckrupke
Tue Jan 01, 2019 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: After tax DCP 415c maximum question
Replies: 5
Views: 245

Re: After tax DCP 415c maximum question

Therefore, for 415c purposes the public university's 401a + 403b (same employer) and the public university's 403b + your one-participant 401k (under same control) must separately be aggregated . Your employee after-tax contributions are limited to the specific aggregation(s) involved. I'm sorry but...
by ofckrupke
Sat Dec 22, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: what to do with cash if very risk averse?
Replies: 59
Views: 5550

Re: what to do with cash if very risk averse?

If you want to take some term risk with Treasuries, but less than one of the Vanguard short-term Treasury funds (average maturity about two years), then your only option is to use individual Treasuries. A quick counterexample: IShares Short Treasury Bond ETF, SHV. The benchmark index is composed of...
by ofckrupke
Sat Dec 22, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: Missing 12/21/2018 Bond Dividends Delayed
Replies: 43
Views: 4446

Re: Anyone Else Missing 12/21/2018 Bond Dividends?

Yes this anomaly exists today in my account as well (ST Treasury Index nope, stock funds distributing on same dates yup). I am not alarmed, as it will surely be resolved by or on Monday (perhaps appearing overnight/xmas morning)....especially as it's evidently not a single-account phenomenon; thanks...
by ofckrupke
Fri Dec 21, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying Property tax for 2019 - any benefits
Replies: 5
Views: 422

Re: Prepaying Property tax for 2019 - any benefits

In this case, if OP is a single filer or has a more than a trivial mortgage loan, then bunching won't help much if at all: CA's std deduction for MFJ is barely higher than half their annual property tax bill, so if paying more than ~$1.3k mortgage interest annually it's better to itemize for CA ever...
by ofckrupke
Fri Dec 21, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying Property tax for 2019 - any benefits
Replies: 5
Views: 422

Re: Prepaying Property tax for 2019 - any benefits

Thanks Chip. Correct..it includes State tax also and not just Property tax so no use in paying early. Although it sounds like bunching (1 half-year's property tax payment in even years, and 3 in odd years, e.g. ) won't produce a tax benefit wrt federal taxation, it may for CA income taxation. n.b. ...
by ofckrupke
Tue Dec 04, 2018 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 19
Views: 2021

Re: Schwab user. Where should I put my Emergency Fund?

Hi all, I use Schwab for my Roth and investments and I'm trying to decide where to keep my emergency fund. I bank with Bank of America and am realizing I should not be letting it just sit in my savings account. The only reason being it helps maintain preferred member status. What would be a simple ...
by ofckrupke
Tue Dec 04, 2018 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Drawbacks to using VCADX, VMLUX, VFSUX to Tax Loss Harvest?
Replies: 1
Views: 229

Re: Drawbacks to using VCADX, VMLUX, VFSUX to Tax Loss Harvest?

The main pitfall to avoid would be forced liquidation at short term gain after re-assuming the positions. Probably not a factor for you. After doing the math (same brackets as you), I replaced a mix of the two shorter term muni funds with VSBSX (short term treasury index admiral) a few months ago. J...
by ofckrupke
Tue Dec 04, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: Prime MM vs 6-month Treasury in IRA
Replies: 94
Views: 10228

Re: Prime MM vs 6-month Treasury in IRA

using the 13th power because 13 *4 =52 weeks. (2000/1996.52)^13=1.02289 or an interest rate of approx 2.289% . It's actually a 27 day security this time. [POWER(2/1.99652,DAYS/27) -1] most closely matches the 2.356% investment rate provided by Treasury when DAYS = 361, but I think this is a coincid...
by ofckrupke
Tue Dec 04, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put cash for house (short term)
Replies: 4
Views: 444

Re: Where to put cash for house (short term)

If you want to to maximize return while taking as little term risk as possible, then compare your post-tax expected yield for these possibilities: 1) US treasury bill or note maturing in June or July (pretty sure this beats any 6-7 month CD you can find at the moment, in your brackets); 2) IShares I...
by ofckrupke
Sun Dec 02, 2018 11:47 am
Forum: Investing - Theory, News & General
Topic: Prime MM vs 6-month Treasury in IRA
Replies: 94
Views: 10228

Re: Prime MM vs 6-month Treasury in IRA

indexonlyplease wrote:
Sun Dec 02, 2018 6:43 am
I just did this 50k filter and PMM is at 2.36. Thats another 6 bps
You must be referring above to VMRXX, the prime money market admiral share class; its minimum investment is $5M (still).
by ofckrupke
Sat Dec 01, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: How much will my T-Note be worth?
Replies: 14
Views: 1073

Re: How much will my T-Note be worth?

The first formula is how the interest is determined. Here the yield is a quantity derived/calculated using the interest and principal among its input variables/arguments/factors. If one neglects the (probably sub-penny) compounding in a 28 day period, then the yield arithmetic does reduce to 29.84/1...
by ofckrupke
Sat Dec 01, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: How much will my T-Note be worth?
Replies: 14
Views: 1073

Re: How much will my T-Note be worth?

If I buy a T-Note today on the Vanguard site that has maturity date 12/31/2018, settlement date 12/3/18, face value $19,000, Principal $18,991.84, Accrued interest $120.82, Accrued no. of days 156, Net amount $19,112.66, price 99.957, yield to maturity and yield to worst 2.053, coupon 1.50, pay fre...
by ofckrupke
Fri Nov 23, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: HSA contribution limit after changing jobs mid year
Replies: 7
Views: 442

Re: HSA contribution limit after changing jobs mid year

- My wife is currently not working, but she will start working in December 2018 and will be covered by a traditional health care plan from December 2018 onwards. Here may lie a pitfall to avoid in order for you to remain qualified to contribute to your HSA after your wife starts work. If her new em...
by ofckrupke
Wed Nov 21, 2018 7:38 pm
Forum: Investing - Theory, News & General
Topic: Prime MM vs 6-month Treasury in IRA
Replies: 94
Views: 10228

Re: Prime MM vs 6-month Treasury in IRA

(alternative to looking six months back in the auction calendar for a matching 52-week CUSIP). ... Doc finally mentioned that it would be a re-issue of a 52-week bill. Before that, it was clear that it was a reissue, but what wasn't clear was a reissue of what. But what else could it be? It had to ...
by ofckrupke
Wed Nov 21, 2018 4:29 pm
Forum: Investing - Theory, News & General
Topic: Prime MM vs 6-month Treasury in IRA
Replies: 94
Views: 10228

Re: Prime MM vs 6-month Treasury in IRA

For those that might care, the site I use to see all the Treasury auction details is https://www.treasurydirect.gov/instit/annceresult/press/press_auctionresults.htm. Under Announcements and Results by Auction Year, leave 2018 selected as the year. Expand Bill, then expand Term: 26-week. The one I ...
by ofckrupke
Sat Nov 17, 2018 1:50 am
Forum: Investing - Help with Personal Investments
Topic: WOW - big Vanguard capital gains distribution coming this year
Replies: 6
Views: 2173

Re: WOW - big Vanguard capital gains distribution coming this year

Mid-cap Growth Index fund, for example, (VMGIX) has a 23% turnover rate. I'll be curious to see what the mid-cap growth index fund generates in capital gains this year. Mid-cap growth index fund has an ETF share class VOT, and through VOT low-basis stock shares can be purged by transfer to its Auth...
by ofckrupke
Fri Nov 16, 2018 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA rollover to 403b witholding amount
Replies: 30
Views: 995

Re: Traditional IRA rollover to 403b witholding amount

are there any other means to take this money out of my TIRA, short of doing a direct distribution? It's only after-tax to the extent of its basis as calculated in the form 8606 for the most recent year any non-deductible rollover or contribution to, or conversion from, any IRA you own. That is, if ...
by ofckrupke
Fri Nov 16, 2018 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA rollover to 403b witholding amount
Replies: 30
Views: 995

Re: Traditional IRA rollover to 403b witholding amount

Withhold zero for this operation. If you withhold more than zero, you will incur a tax liability on the amount withheld itself; after all, this portion of the IRA liquidation will be a distribution from the IRA to what amounts to a taxable, zero-interest-bearing escrow account held by the government...
by ofckrupke
Fri Nov 16, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: [Tax loss harvesting (TLH) for VNYTX - Vanguard NY Tax Exempt]
Replies: 2
Views: 186

Re: [Tax loss harvesting (TLH) for VNYTX - Vanguard NY Tax Exempt]

Can anyone suggest a good TLH partner for VNYTX? Also, in regards to the 6 month rule, If you are selling multiple blocks of a municipal bond fund, is the dividend money derived from the shares purchased within the last 6 months the only dividend moneys applied back? Or, are all dividends from all ...
by ofckrupke
Fri Nov 16, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage payoff given new 2018 tax code
Replies: 15
Views: 1947

Re: Mortgage payoff given new 2018 tax code

ltiku, it sounds like you are way on top of this...and should probably be offering rather than asking advice here. (How's that for a welcome?) If the illiquidity premium seems to answer for its risk, on a commitment of this scale, then go for it. Do think about gift bunching with a DAF since you wil...
by ofckrupke
Fri Nov 16, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage payoff given new 2018 tax code
Replies: 15
Views: 1947

Re: Mortgage payoff given new 2018 tax code

In your bracket (which should include the 3.8% NIIT for the hypothetical taxable bond alternative of a 3Y treasury, btw), a mix of state-specific and short-term national muni funds, or a term-specific muni ETF (e.g. iShares® iBonds® Dec 2021 Term Muni Bond ETF, IBMJ) are likely more appropriate alte...
by ofckrupke
Tue Nov 13, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing New Home - Down Payment 20 or 25%??
Replies: 19
Views: 1181

Re: Purchasing New Home - Down Payment 20 or 25%??

you can't be sure that a refi will be attractive at any point in the future, but if this is not a forever home then the decision is colored by the expectation that recovery of the extra 33k principal commitment will be completed at sale, rather than gradually dribbled back as a component of the diff...
by ofckrupke
Sat Oct 27, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: why split property tax payment with SALT limit; why itemize?
Replies: 19
Views: 2369

Re: why split property tax payment with SALT limit; why itemize?

1) Is there any reason to split the payments across tax years? It depends. If (neglecting the smaller deduction items) a) the full assessment is presented in the fall and b) the annual property tax assessment is more than 2/3 and less then twice the state's standard deduction for your filing status...
by ofckrupke
Thu Oct 25, 2018 10:58 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 138
Views: 13931

Re: US T bills - first time user

Thanks for mentioning that they show the adjusted cost basis on the statements. That was something I'd also been wondering about. I suppose they would change the cost basis that they show on line, too. Yes, I can confirm that. Personally I'd prefer daily adjustment along the constant yield curve si...
by ofckrupke
Thu Oct 25, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 138
Views: 13931

Re: US T bills - first time user

Outstanding find. In particular the part where they say they will adjust cost basis (along a constant yield curve by default) to amortize premium only at coupon dates rather than daily, from Dec 2016 onward. If this is true then it means no automatic adjustment at year's end (for non 31Dec/30Jun dat...
by ofckrupke
Thu Oct 25, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Why Does Social Security Want a Form L564 From My Wife?
Replies: 16
Views: 1688

Re: Why Does Social Security Want a Form L564 From My Wife?

isn't part of the problem here that the term HSA is being variously by topic participants to stand for both a Health Saving Account as well as a High Deductible Health(care) Plan (HDHP), whereas these are separate entities. [This only compounds an independent tendency to confuse HSA contribution eli...
by ofckrupke
Thu Oct 25, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 138
Views: 13931

Re: US T bills - first time user

The officer is on the right path but you don't get it all in one year . Yeah, ok, correct. Federally, one may choose whether to amortize premium bonds. To do so, one must choose on the first applicable tax return. But one's broker may opt as a matter of policy to amortize unless told otherwise, eff...
by ofckrupke
Thu Oct 25, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 138
Views: 13931

Re: US T bills - first time user

Just to try out the process, I bought a note that matures in February. The price was $1,000.94, plus accrued interest of $5.68. The yield is 2.75%, my understanding is that I will get $13.75 interest and $1000 principal, when it matures in Feb. Will the $0.94 premium be reported to me as a capital ...
by ofckrupke
Thu Oct 25, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Should I tax loss harvest...?
Replies: 12
Views: 1388

Re: Should I tax loss harvest...?

Oh, darn it. I did get a dividend, but only of a few hundred dollars, at the end of September. Should I be worrying about that, if the capital loss I'm harvesting is like 10x the size of the dividend? Depends on whether you think it's worth a couple of bucks to rub your own nose in the formal error...
by ofckrupke
Wed Oct 17, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Amended return required when error only impacts capital loss carryforward?
Replies: 4
Views: 442

Re: Amended return required when error only impacts capital loss carryforward?

In the same situation, I filed an amendment for the prior year return. My reasoning was that ST and LT net capital gain/loss, extracted from Schedule D rather than from form 1040, are actually line entries in both the account and return transcripts maintained by the IRS after processing the return. ...
by ofckrupke
Tue Oct 16, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: Stupid question on treasury direct
Replies: 3
Views: 534

Re: Stupid question on treasury direct

So how do i know that i will end up paying a fair price? You will get the same price everyone else gets. That's just how the auction is designed. When you buy $1,000 you pay the same price as a bank buying $100 million. That addresses the matter of fairness vis a vis other buyers/bidders. For the O...
by ofckrupke
Tue Oct 16, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: UC DCO's too high return? [Univ. of CA Defined Contribution Plan]
Replies: 4
Views: 330

Re: UC DCO's too high return? [Univ. of CA Defined Contribution Plan]

Is an 18.1% annual return on the UC DCP not incredibly high, i.e. outside reasonable historical bounds? Consider the following: for calendar year 2017, the Russell 3000 index (broad US market) return was 21.13%. the MSCI AWCI ex-US (all-world ex-US) return was 27.04%. the Bloomberg Barclays US Aggr...
by ofckrupke
Tue Oct 16, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: First time TLH Questions, constrained by spouse's work
Replies: 17
Views: 1426

Re: First time TLH Questions, constrained by spouse's work

Being bought in the 61 day window surrounding a taxable sale is sufficient to make a share a replacement share, and the sale a wash sale - continuing presence ("existence") in one of the taxpayer's accounts at the time of the sale in question is not a necessary condition. ofckrupke — This doesn't s...
by ofckrupke
Tue Oct 16, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: First time TLH Questions, constrained by spouse's work
Replies: 17
Views: 1426

Re: First time TLH Questions, constrained by spouse's work

Based on their most recent post I am not sure the OP gets it. Selling in the IRA before selling in the taxable account doesn't get them off the hook; a pair of clocks may be said to start at each sale in a taxable account, one running backward and one forward, out through 30 days before and after th...
by ofckrupke
Mon Oct 15, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: First time TLH Questions, constrained by spouse's work
Replies: 17
Views: 1426

Re: First time TLH Questions, constrained by spouse's work

Second question, about 2 weeks ago I bought some of the two current funds in our Roth accounts as I saw there was some dividend payments just sitting in them. Having read about the IRS treating IRAs as part of the wash sale calculation am I right to assume that this should be fine because the purch...
by ofckrupke
Thu Oct 11, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvest international small cap with what?
Replies: 11
Views: 491

Re: Tax loss harvest international small cap with what?

A possible way around that dilemma is to use a tax-advantaged account for the substitute fund. That way, you can swap back after 30 days . [...] [...] Thanks for your point on the tax advantaged,it makes sense as a strategy to make sure you can jump back into the original fund after 30 days after 3...
by ofckrupke
Tue Oct 09, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Looking for TBM at Fidelity
Replies: 6
Views: 464

Re: Looking for TBM at Fidelity

I am actually seeing ERs of .15% for FBIDX and .05% for FSITX. Is it possible the ERs have come down very recently and I am just seeing old info? Yes. Linked is a FAQ document PDF from Fidelity concerning their broad fee reduction on index funds effective 1 Aug 2018 and plan to merge share classes....
by ofckrupke
Tue Oct 09, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Looking for TBM at Fidelity
Replies: 6
Views: 464

Re: Looking for TBM at Fidelity

See Fidelity® U.S. Bond Index Fund. Investor class FBIDX, Premium class FSITX, both now at ER=0.025% and to be merged later this year in a presumably non-taxable event.
by ofckrupke
Tue Oct 09, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Tax-effective yields for various MM Funds
Replies: 16
Views: 1489

Re: Tax-effective yields for various MM Funds

Thanks for the corrections! Here is the updated table. Does it look right? The whole 3.8% NIIT applies to VMFXX. Also with VMFXX the exemption from CA taxation is in proportion to the income from US government obligations (66.3% from 2017 from the linked pdf), since the 50% holding threshold is sat...
by ofckrupke
Tue Oct 09, 2018 12:40 am
Forum: Investing - Help with Personal Investments
Topic: Tax-effective yields for various MM Funds
Replies: 16
Views: 1489

Re: Tax-effective yields for various MM Funds

1. Is my math in the below table correct? Maybe, but it's applicable to no one, because anyone in 35%/11.3% brackets is also subject to the 3.8% Net Investment Income tax (doesn't apply to the federally exempt VMSXX or VCTXX though) that showed up for tax years 2013 and thereafter. VMSXX is fully C...