Search found 468 matches

by ofckrupke
Thu Jun 21, 2018 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: I need help selecting funds in new 403B
Replies: 3
Views: 159

Re: I need help selecting funds in new 403B

I feel more comfortable with fidelity and I also prefer their 500 index fund FXAIX mainly because it is low-cost index. is this the best option for me? TIAA's web site is clunk, so it may have escaped notice that in the UT plan menu (besides Traditional Annuity in a liquid GSRA flavor) are institut...
by ofckrupke
Mon Jun 18, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: Are the Fed and Treasury distorting the MBS market?
Replies: 16
Views: 1403

Re: Are the Fed and Treasury distorting the MBS market?

Could it be just the negative convexity with MBS coupled with rising rates that is causing the effect that you are seeing? :idea: Seems like that should produce the opposite effect. Fewer debtors executing calls/prepaying, so effective maturities and duration extend, so market prices of the MBS sho...
by ofckrupke
Sun Jun 17, 2018 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Making taxable account more tax efficient
Replies: 16
Views: 2249

Re: Making taxable account more tax efficient

If you want dividends that are exempt from CA income tax (and federal income tax), you'll need to choose from the CA money market fund, the CA intermediate-term fund, or the CA long-term bond fund. Additionally, any federal tax fund which contains more than 50% federal bonds will allow you to claim...
by ofckrupke
Sun Jun 17, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Making taxable account more tax efficient
Replies: 16
Views: 2249

Re: Making taxable account more tax efficient

My claim about VSBSX vs. VMLUX under 24%/93.% taxation relied on the former's CA-exempt percentages for 2017 from Vanguard (50.23% of the interest income from 60.76% exempt US gov't assets) and today's SEC yields and durations. I believe that short end muni spreads have narrowed even as the treasur...
by ofckrupke
Sun Jun 17, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Making taxable account more tax efficient
Replies: 16
Views: 2249

Re: Making taxable account more tax efficient

I bought into VMLUX because it was under the tax exempt category for Vanguard and it has no federal taxes due and is partially tax exempt for state based on the percentage of CA bonds it holds. What taxes are due for VSBSX? Is it exempt from state taxes but I have to pay federal? Exactly. Actually ...
by ofckrupke
Sat Jun 16, 2018 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Taxable Total Stock Market ETF Gains Showing as Short-Term?
Replies: 2
Views: 306

Re: Vanguard Taxable Total Stock Market ETF Gains Showing as Short-Term?

Yup, yup, yup...except that a year is still short term; a year and a day is long term. And actually for 2018 the thresholds between the different LTCG rates are close to but not exactly on regular tax bracket boundaries. But you've got the gist of it.
by ofckrupke
Sat Jun 16, 2018 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Making taxable account more tax efficient
Replies: 16
Views: 2249

Re: Making taxable account more tax efficient

If I don't, then someone else will point out that if your taxable account is at least twice the size of your necessary EF, you could hold that in the form of stock funds as well; then if you need to draw on the EF, exchange an equal or equal(tax-adjusted) amount of bonds for stocks in a tax advantag...
by ofckrupke
Sat Jun 16, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Making taxable account more tax efficient
Replies: 16
Views: 2249

Re: Making taxable account more tax efficient

I also currently have an unrealized loss of around $1,800 on my short term bond index. If I sell it can I deduct it against my dividends this year? I'm not planning on selling any stock for gains and I use standard deduction. Better than that (since most of the stock fund dividends will be qualifie...
by ofckrupke
Thu Jun 14, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA 403b - SRA to RCP
Replies: 5
Views: 426

Re: TIAA 403b - SRA to RCP

Has anybody else gone through this? [...] RC/RCP seem barely preferable to a poke in the eye with a sharp stick. Curious why you say that about RCP? Are you talking just Traditional in RCP or RCP in general? Since RCP is fully liquid, I'm not sure if the floor makes much difference to me. I'll just...
by ofckrupke
Wed Jun 13, 2018 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA 403b - SRA to RCP
Replies: 5
Views: 426

Re: TIAA 403b - SRA to RCP

Has anybody else gone through this? Have the option, though would involve rollover from ex-employers plan to current employer's that has made the RC/RCP switch. Since the 3% floor was for us Trad's main attraction, no way will we be doing this; if we give up the floor on the old money, it will be f...
by ofckrupke
Wed May 23, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 113
Views: 8422

Re: US T bills - first time user

What does this mean "Tenders at high rate were alloted at 54.11%"? I saw it in the "Review order page". Tenders are the total amount of submitted applications to purchase those Treasury bills. As one “tenders” their resignation from a job, the word tender means “submissions” or “handed in”. In this...
by ofckrupke
Wed May 23, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 113
Views: 8422

Re: US T bills - first time user

Does this mean I will only be able to purchase if there are aggregate purchases in this quantity? Or is there some other meaning? As per above, that's minimum quantity to get best available pricing. If you click on "depth of book" for a particular issue I think you will see a greater variety of off...
by ofckrupke
Sun May 20, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 41
Views: 4795

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

Schwab allocates a part of your portfolio in cash, which creates a cash drag. This is their main way of revenue, it is poor value for customers. It's a pretty hefty percentage too from what I've read. I should also say that I'm looking to leverage VPAS to unwind my holdings with Wealthfront into a ...
by ofckrupke
Sat May 19, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Max Out 457B and 403B at Hospital/University?
Replies: 20
Views: 1382

Re: Max Out 457B and 403B at Hospital/University?

could someone do mega backdoor 55k in a 457B and a 55k mega backdoor Roth in 403B No. There's no mega backdoor angle for 457b plans. 1) Combined employer (this is almost always zero) and employee contribution limit = $18.5k (2018 limit) per employer; 2) limit on 457 elective contributions per emplo...
by ofckrupke
Sat May 19, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12405

Re: New(ish) attending physicians in the Bay Area: Housing

Mine is a forgivable promissory note, which explains why the interest is not deductible. Your interest paid, charged at AFR and withheld at payroll but exactly offset by the taxable fringe benefit, is not deductible because the home is not pledged as security. The reason that nonzero interest needs...
by ofckrupke
Sat May 19, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15720

Re: Vangaurd Municipal Money Market VMSXX 1.39%

Savings account interest is taxed as ordinary income, so it would fall under 47.2% rate, I believe. Ah, but it's ordinary investment (unearned) income, and like nonqualified dividend income, for you, at 49.7% marginal taxation. [A savings account is a taxable investment, so its interest income is i...
by ofckrupke
Sat May 19, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15720

Re: Vangaurd Municipal Money Market VMSXX 1.39%

At my current marginal tax bracket, the federal tax rate will be 33%, and the state tax rate is 11.3% (California), so total of 44.3%. That was 2017; there is no 33% bracket from 2018 to 2025. The only way to have had this 33%/11.3% combination in 2017 was to be single filing, with federal taxable ...
by ofckrupke
Sat May 19, 2018 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Intermediate Term Treasury vs Tax Exempt Fund
Replies: 29
Views: 2610

Re: Intermediate Term Treasury vs Tax Exempt Fund

Is there a Treasury Fund in the 7 year duration range? Fidelity's Intermediate Treasury Index (premium class = FIBAX, $10k min) tracks a 5-10y index as opposed to Vanguard's which tracks a 3-10y index, and has a duration of 6.33y currently. That might not be close enough to 7, or Vanguard enough fo...
by ofckrupke
Fri May 18, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Max Out 457B and 403B at Hospital/University?
Replies: 20
Views: 1382

Re: Max Out 457B and 403B at Hospital/University?

Does this new rule mean I can contribute 18k to both the VA and another 18k to the university 403b? It must be past Spirit Rider's bedtime so I'm going to pinch hit: No, it does not mean that. It means that if both employers sponsor 403bs that involve employer or mandatory employee contributions as...
by ofckrupke
Fri May 18, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Max Out 457B and 403B at Hospital/University?
Replies: 20
Views: 1382

Re: Max Out 457B and 403B at Hospital/University?

You're fine. The 402(g) and 457(e) limits (both 18.5k in 2018) are always separate. There is categorically no situation in which an individuals elective deferrals to 457s (summed across all one's employers) are required to be combined with those for 403b plans (again summed across one's all employe...
by ofckrupke
Fri May 18, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Intermediate Term Treasury vs Tax Exempt Fund
Replies: 29
Views: 2610

Re: Intermediate Term Treasury vs Tax Exempt Fund

You don't need a TD account to buy Treasuries. Just to pile on a little, TD seems useless for purchase of anything you may ever choose to sell prior to maturity (except for savings bonds for which it's called redemption) because in order to sell you'd have to first have them transferred to some oth...
by ofckrupke
Fri May 18, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Intermediate Term Treasury vs Tax Exempt Fund
Replies: 29
Views: 2610

Re: Intermediate Term Treasury vs Tax Exempt Fund

Comparing intermediate funds - treasury and tax-exempt for 25% federal tax bracket and 9.3% CA tax. Intermediate Term Tax Exempt - VWITX - SEC yield = 2.44% - after tax yield is 2,44 * (1 - .093) = 2.19% Intermediate Treasury Fund - VFITX - SEC yield = 2.67% - after tax yield is 2.67 * (1 - .25) = ...
by ofckrupke
Fri May 18, 2018 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Intermediate Term Treasury vs Tax Exempt Fund
Replies: 29
Views: 2610

Re: Intermediate Term Treasury vs Tax Exempt Fund

Long Term Tax Exempt - VCITX - SEC yield = 2.64% - after tax yield is 2,44 * (1 - .093) = 2.37% Long Treasury Fund - VUSTX - SEC yield = 2.94% - after tax yield is 2.67 * (1 - .25) = 2.20% VCITX is the california LT muni fund, so either you meant the national fund VWLTX/VWLUX or should review your ...
by ofckrupke
Fri May 18, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Max Out 457B and 403B at Hospital/University?
Replies: 20
Views: 1382

Re: Max Out 457B and 403B at Hospital/University?

You're fine. The 402(g) and 457(e) limits (both 18.5k in 2018) are always separate. There is categorically no situation in which an individuals elective deferrals to 457s (summed across all one's employers) are required to be combined with those for 403b plans (again summed across one's all employer...
by ofckrupke
Thu May 17, 2018 10:31 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 134
Views: 9456

Re: 2-year AA Munis at Vanguard and Fidelity Today

Difference in expected return between the two $10k investments over the 1.65 years is thirty bucks, after taxes. This argument is made all the time, and the answer is always the same. [...] Multiply this type of decision over many purchases compounded over many years, and 20-30 basis points of extr...
by ofckrupke
Thu May 17, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12405

Re: New(ish) attending physicians in the Bay Area: Housing

So to clarify, you would owe no payments until year 10 for the 175k loan and no payments for 30 years for the $450k loan? Correct :greedy :sharebeer :sharebeer :greedy Mostly true! You will pay taxes on the prevailing interest rate. Assume that you take 100k loan and prevailing rate is 2%, 2k will ...
by ofckrupke
Thu May 17, 2018 7:45 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 134
Views: 9456

Re: 2-year AA Munis at Vanguard and Fidelity Today

Difference in expected return between the two $10k investments over the 1.65 years is thirty bucks, after taxes. Unless one of them defaults. I guess I should have included the emphasis in the original. Does the difference in expected return fully capture the default risk? That’s a question, not a ...
by ofckrupke
Thu May 17, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 134
Views: 9456

Re: 2-year AA Munis at Vanguard and Fidelity Today

gmaynardkrebs wrote:
Thu May 17, 2018 7:14 pm
ofckrupke wrote:
Thu May 17, 2018 7:09 pm
Difference in expected return between the two $10k investments over the 1.65 years is thirty bucks, after taxes.
Unless one of them defaults.
I guess I should have included the emphasis in the original.
by ofckrupke
Thu May 17, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 134
Views: 9456

Re: 2-year AA Munis at Vanguard and Fidelity Today

Difference in expected return between the two $10k investments over the 1.65 years is thirty bucks, after taxes.
by ofckrupke
Thu May 17, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Tax rate on first $100 of LTCG
Replies: 2
Views: 408

Re: Tax rate on first $100 of LTCG

What happens when your other income is $50,600 and you also have $100 of LTCG? $50,600 minus $12,000 standard deduction is $38,600. If the LTCG was normal income or STCG it would raise your taxable income to $38,700, still in the 12% bracket, so your gains would be taxed at 12%, but, it is LTCG and...
by ofckrupke
Thu May 17, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 10
Views: 401

Re: Allocation help

Yes. 120K all unrealized gains. I don't do dividend reinvestment as I use most of the income to pay expenses. My wife who was investment banker thinks I should leave it alone and just put the new money into VTI. She thinks some of is timing and it is too much work to do what I had planned. I am jus...
by ofckrupke
Wed May 16, 2018 11:54 pm
Forum: Personal Consumer Issues
Topic: 2018 Yellowstone Trip advice needed
Replies: 20
Views: 1456

Re: 2018 Yellowstone Trip advice needed

My advice: stay within the park any night you can. You are already doing a ton of driving to salt lake and back. You don’t want to spend the whole week in the car. +1. Also, dawn is the closest you will get to having some of the most popular sights to yourselves, after a quick snack/breakfast in th...
by ofckrupke
Wed May 16, 2018 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: VFITX For Entire Bond Allocation [Vanguard Intermediate Term Treasury]
Replies: 11
Views: 1309

Re: VFITX For Entire Bond Allocation [Vanguard Intermediate Term Treasury]

Thoughts? Why not the indexed near-equivalent VSIGX (admiral shares min $10k , 0.07%)? Right now the difference in SEC yield is 2.77-2.65% = 0.12%, just about equal to the ER difference, and the duration on the index fund is just a hair shorter at 5.1 years vs 5.2 for VFITX/VFIUX. (If you'd actuall...
by ofckrupke
Wed May 16, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 6843

Re: Mortgage decision killing me

30y fixed. Getting the +15 year option on extended paydown for only 0.25% on the rate is generous (if these two offers really involve the same closing cost). [What whodidntante said.] Don't think that much of the ARMs. If you end up going for the 15y (or either of the variable loans) for whatever re...
by ofckrupke
Wed May 16, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 1866

Re: Why can't you rollover a retirement account into another one that you no longer work at?

Some rules/restrictions are specific to the breed (403b,401k, etc) of retirement plan; these are usually based on statute or federal regulation. Other rules/restrictions are imposed by and specific to the particular employer's particular plan - and many these could be subject to revision at some poi...
by ofckrupke
Tue May 15, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12405

Re: New(ish) attending physicians in the Bay Area: Housing

Also, what the the tax implications on the 0% loan? Is that considered taxable income, taxed at your ~50% federal+state? IRC section 217 titled "Moving Expenses" is suspended until TCJA sunsets in 2025. But the sections of the code that establish criteria for "employee-relocation loans" and their r...
by ofckrupke
Mon May 14, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12405

Re: New(ish) attending physicians in the Bay Area: Housing

somekevinguy wrote:
Mon May 14, 2018 6:49 pm
Do you anticipate a purchase anytime in the next 1-3 years or likely to continue waiting?
Anticipation doesn't seem like the right word.
But yeah, that's probably the right time frame...though I suspect I thought the same a year ago.
by ofckrupke
Mon May 14, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12405

Re: New(ish) attending physicians in the Bay Area: Housing

what did you do for housing? Been waiting (in "company" housing), a couple of years now, with dawning awareness that we may not be able to afford waiting Godot out; but meanwhile accumulating, observing what changes and what doesn't in the department, getting older. I have not seen any evidence of ...
by ofckrupke
Mon May 14, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12405

Re: New(ish) attending physicians in the Bay Area: Housing

somekevinguy wrote:
Mon May 14, 2018 5:37 pm
Our preapproval is for a ridiculous amount that would literally take up 80+% of our take-home pay on housing.
Who did that? FSH?
by ofckrupke
Mon May 14, 2018 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Calif Municipal MMF vs. Fidelity Calif AMT Tax-Free MMF
Replies: 6
Views: 514

Re: Vanguard Calif Municipal MMF vs. Fidelity Calif AMT Tax-Free MMF

I have to wonder why the Fidelity fund would yield more even after a higher expense ratio? Just because of the AMT issue? I was surprised too, but I believe I have found an explanation that supports my prior expectation (and have therefore stopped thinking about it). Namely, the disparity is likely...
by ofckrupke
Mon May 14, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Calif Municipal MMF vs. Fidelity Calif AMT Tax-Free MMF
Replies: 6
Views: 514

Re: Vanguard Calif Municipal MMF vs. Fidelity Calif AMT Tax-Free MMF

I'm not normally subject to AMT. I have accounts at both Vanguard and Fidelity. Among these two funds, Fidelity seems the logical choice, because it avoids AMT. Do you agree? Disagree? I disagree that AMT-exempt holdings are at all pertinent to your decision, unless you anticipate a big change in i...
by ofckrupke
Sun May 13, 2018 1:07 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional annuitization vs. cash out
Replies: 16
Views: 1566

Re: TIAA Traditional annuitization vs. cash out

Obviously the people who write/maintain the accumulation software at TIAA know the inner workings of traditional, but they're not going to share the code, and the people upstream from them who draw/redraw the vintage boundaries do too, but they don't give speeches about the process or publish the mi...
by ofckrupke
Sun May 06, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: need help moving mom's portfolio out of T-C brokerage serivces
Replies: 5
Views: 430

Re: need help moving mom's portfolio out of T-C brokerage serivces

Here's the proposed allocation within TIAA-CREF. Expense ratio is shown. I would start with 20% in each of the five funds. 7. TIAA-CREF Large Cap Growth Index Fund 0.06 6. TIAA-CREF Large Cap Value Index Fund 0.06% 5. TIAA-CREF Small Cap Blend Index Fund 0.06% 4. TIAA-CREF International Equity Inde...
by ofckrupke
Sun May 06, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: Performance vs Personal Rate of Return
Replies: 5
Views: 767

Re: Performance vs Personal Rate of Return

On my spouse's quarterly TIAA retirement-plan statements, the only rates of return listed are a) for the sum of all investments in the union of all plans/accounts in her name, b) for the quarter and for year-to-date, and c) not annualized. Morningstar says TIGRX grew by 0.67% in 1Q2018, neglecting a...
by ofckrupke
Fri May 04, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park $200k portion of portfolio when needed to be used as noted below
Replies: 17
Views: 1798

Re: Where to park $200k portion of portfolio when needed to be used as noted below

manedark wrote:
Fri May 04, 2018 7:02 pm
I dont fully understand how money market fund works. By floating you mean, interest changes everyday? How it different from savings bank interest rates changes?
At the bogleheads wiki: Money Markets - Instruments, Funds, etc.
by ofckrupke
Fri May 04, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park $200k portion of portfolio when needed to be used as noted below
Replies: 17
Views: 1798

Re: Where to park $200k portion of portfolio when needed to be used as noted below

just put half in vanguard prime money market (VMMXX) and the other half in Vanguard Short-Term Bond Index Admiral Shares (VBIRX). Can you explain why this option is better than just opening a Saving Account with Ally Bank which gives 1.5% interest rate? VMMXX returns a floating rate that today is a...
by ofckrupke
Fri May 04, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park $200k portion of portfolio when needed to be used as noted below
Replies: 17
Views: 1798

Re: Where to park $200k portion of portfolio when needed to be used as noted below

And I see that Synchrony is offering 2.35 % for 14 months . Is that typical? https://www.synchronybank.com/banking/cd/?utm_source=Bankrate&utm_medium=Rate%20Table&utm_campaign=CD&utm_content=CB_RT_T_BR_CD_O&?sitecode=CB_RT_T_BR_CD_O It's typical that one or another bank is offering some kind of a p...
by ofckrupke
Fri May 04, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park $200k portion of portfolio when needed to be used as noted below
Replies: 17
Views: 1798

Re: Where to park $200k portion of portfolio when needed to be used as noted below

For most or all of the 30 months that it will take to burn through the 200k at your current draw rate, you may actually do better right now with treasuries than with CDs if state income is nontrivial in your bracket (ok very low payroll earnings because of the pre-tax contributions/withholdings, but...
by ofckrupke
Thu May 03, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 93
Views: 9355

Re: New-issue 13-month CD at 2.25%

Looking for a Treasury with closest maturity date, I see a note maturing 06/15/2019 at a yield of 2.298% for minimum quantity 100. Minimum quantity of the CD is 10, and for the Treasury I see 2.244% for minimum quantity 10; for minimum quantity 25 I see 2.277%. So which has the higher yield depends...
by ofckrupke
Thu May 03, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Taxable Equivalent Yield (TEY)
Replies: 16
Views: 1355

Re: Taxable Equivalent Yield (TEY)

Another thing that occurred to me is that if you're paying NIIT and state income tax, you're probably also paying AMT, which essentially offsets some or possibly all of the state income tax deduction. At even higher income levels, itemized deductions are partially phased out, further limiting the b...