Search found 242 matches

by libralibra
Sat Nov 17, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: IRS announces 2019 Tax Rates, Standard Deduction, etc.
Replies: 19
Views: 3747

Re: IRS announces 2019 Tax Rates, Standard Deduction, etc.

It is important to note that these inflation adjustments are LESS THAN they would have been under the former rules, as the 2018 tax cut bill starts to be whittled down year by year leading up to 2026 when all of this sunsets. Of course, there is no guarantee that changes will not be passed well bef...
by libralibra
Sat Nov 17, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: IRS announces 2019 Tax Rates, Standard Deduction, etc.
Replies: 19
Views: 3747

Re: IRS announces 2019 Tax Rates, Standard Deduction, etc.

It is important to note that these inflation adjustments are LESS THAN they would have been under the former rules, as the 2018 tax cut bill starts to be whittled down year by year leading up to 2026 when all of this sunsets. Of course, there is no guarantee that changes will not be passed well bef...
by libralibra
Sat Nov 17, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: IRS announces 2019 Tax Rates, Standard Deduction, etc.
Replies: 19
Views: 3747

Re: IRS announces 2019 Tax Rates, Standard Deduction, etc.

I did a bit of web searching, but didn't find an answer. Has anyone seen the brackets for long-term capital gains/qualified dividends for 2019? In 2018 the break between 0%-15% was a little bit lower than the end of the 12% marginal bracket. The latter is even higher now. heh, it's literally the fi...
by libralibra
Fri Nov 16, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: When to transfer stocks to kids
Replies: 28
Views: 1905

Re: When to transfer stocks to kids

@47Percent that was really valuable info. I was looking for such info. One question : why is it advisable to deploy this strategy for college going kids, why not any age, why not before college ? Just to make sure I understand, let's say I have 100K worth of stock of which I accrued $25K LTCG, I tr...
by libralibra
Tue Nov 13, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: The Disaster That Is General Electric Company Stock
Replies: 25
Views: 6027

Re: The Disaster That Is General Electric Company Stock

I bought GE in 2009 for 6.66 because the world was going to hell. How the world is not, only GE is. I put in an order yesterday for 7.77 but it didn't catch. Was hoping for a dead cat bounce (today it traded at 8.88 and I would have gladly sold). btw, 6.66 was famously the closing low of GE during ...
by libralibra
Sat Nov 10, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for ESPP Stock Sales
Replies: 7
Views: 716

Re: Advice for ESPP Stock Sales

Can't help with the decision to sell at the low or not, but the wash sale effect sounds exactly like what I described in a recent thread https://www.bogleheads.org/forum/viewtopic.php?f=2&t=262742#p4192191 Since you purchase every month, any loss you sell just gets pushed onto the next batch, and so...
by libralibra
Thu Nov 08, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 473
Views: 44606

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

When I went to ally.com, I saw the promo on top of the front page. I know some people reported not having it tho. I wonder why the response was so huge on this? I've seen other deals like $400 for 10k at HSBC or $500 for 50k at CapOne. Maybe because it included existing customers Yes. I know with C...
by libralibra
Thu Nov 08, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 473
Views: 44606

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

When I went to ally.com, I saw the promo on top of the front page. I know some people reported not having it tho.

I wonder why the response was so huge on this? I've seen other deals like $400 for 10k at HSBC or $500 for 50k at CapOne. Maybe because it included existing customers
by libralibra
Sun Nov 04, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 473
Views: 44606

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I got a packet in the mail for each no-penalty CD I opened, even though I have paperless settings. So I'm wondering, for people who have closed/re-opened these CDs in the past when the rates bumped up, did you get a bunch of paper in the mail every time?
by libralibra
Thu Nov 01, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4142

Re: 45% increase in marketplace insurance

Employees are also a healthier risk pool than the ACA risk pool. People with debilitating illnesses usually cannot work. Age discrimination also keeps older people out of the risk pool. This is the built-in fatal flaw of ACA - having a much less healthy group of previously uninsurables make up most...
by libralibra
Thu Nov 01, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 473
Views: 44606

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

IMO ally.com has one of the easiest web interfaces for stuff like opening accounts, setting maturity instructions, adding beneficiaries - ie. cleanest pages and fewest clicks. It's ironic that whenever a company does a promotion to get new customers and gets swamped, the people they are trying to at...
by libralibra
Thu Nov 01, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 4936

Re: Falling off the ACA subsidy cliff

Whoever voted for the cliff were insane (IMO). So you could earn $1 and lose $12,000+?? Most things in the tax code have phaseouts, e.g. a 4-1 ramp down would make more sense.
by libralibra
Wed Oct 31, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Vesting RSUs — does this contribute to a wash sale?
Replies: 12
Views: 862

Re: Vesting RSUs — does this contribute to a wash sale?

If someone vests monthly, then it seems like you could never capture the loss, because the loss would just get pushed onto the next vesting batch. So if you then sold that batch, the loss would get pushed to the next one, and so on. I guess if you could sell immediately on the day of vest, and there...
by libralibra
Tue Oct 30, 2018 11:35 pm
Forum: Investing - Theory, News & General
Topic: GE: We Bring Bad News To Life!
Replies: 35
Views: 4709

Re: GE: We Bring Bad News To Life!

I recall in the early 2000s my parents wanted to buy a small piece of land from a neighbor to get better access to part of their property, and the owner was this arrogant early-retiree GE middle management type who kept rebuffing their attempts to make an offer with "I HAVE 50,000 SHARES OF GE STOC...
by libralibra
Mon Oct 29, 2018 6:19 pm
Forum: Personal Consumer Issues
Topic: if then statements (nesting?) in exel?
Replies: 12
Views: 1177

Re: if then statements (nesting?) in exel?

use =MAX(20000,MIN(100000,A1)) instead

It's more concise and if A1 was instead some complicated formula, like SUM of 1000 cells, it's more efficient.
by libralibra
Mon Oct 29, 2018 3:03 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting strategy Advise on how not to use Short Term Loss to offset Long Term Gain
Replies: 6
Views: 1080

Re: Tax Loss Harvesting strategy Advise on how not to use Short Term Loss to offset Long Term Gain

Is it possible to not use all my remaining short-term loss ($18000) to offset my long-term gain, but use some part of it ($3000) to reduce my ordinary taxable income this year to squeeze some more tax savings? Nope, once you realize all the ST losses, they will offset ST gains first, then LT gains,...
by libralibra
Sun Oct 28, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting strategy Advise on how not to use Short Term Loss to offset Long Term Gain
Replies: 6
Views: 1080

Re: Tax Loss Harvesting strategy Advise on how not to use Short Term Loss to offset Long Term Gain

Is it possible to not use all my remaining short-term loss ($18000) to offset my long-term gain, but use some part of it ($3000) to reduce my ordinary taxable income this year to squeeze some more tax savings? Nope, once you realize all the ST losses, they will offset ST gains first, then LT gains,...
by libralibra
Wed Oct 24, 2018 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-market trading with Merrill Edge. Newbie mistake :(
Replies: 15
Views: 1494

Re: Pre-market trading with Merrill Edge. Newbie mistake :(

Market orders are not allowed in pre/after-hours trading. You'd have to use a stop limit if allowed instead of a stop loss. ETA: I Just checked and there's a whole different tab called "Extended Hours" to enter your trade. You were on the wrong page! The "Order Type" is preset to "Limit" and cannot ...
by libralibra
Tue Oct 23, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 45
Views: 5837

Re: CA property tax > $10K, any options to deduct all?

How is that better than just making a donation equivalent to the 35% to whatever charity you'd prefer? From your example it looks like the benefit is that 3x the amount goes to the charity for the same cost to the taxpayer (assuming he is ok with that charity). btw, it was the same before tax refor...
by libralibra
Sun Oct 21, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 473
Views: 44606

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I still have a hard time believing the CSRs. As they have described the promotion, Ally is incentivizing their regular customers to transfer $100K to their bank, but also to STOP using them as a primary bank. I've got large bills to pay (regular expenses plus year-end estimated taxes) that would ef...
by libralibra
Fri Oct 19, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 113
Views: 6924

Re: Depositing Cash if it was gifted?

Gill wrote:
Fri Oct 19, 2018 5:54 pm
libralibra wrote:
Fri Oct 19, 2018 4:36 pm

If she were able to sell them to a coin dealer, the cash issue resolves itself, although then she'd have to pay some collectible capital gains tax on the profit (28%).
Don’t forget there would be a stepup in basis.
Gill
oh, that's right! 👍
by libralibra
Fri Oct 19, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 113
Views: 6924

Re: Depositing Cash if it was gifted?

Please see if your grandma can send you a photo of a few of the bills, and at least compare to what you see on ebay. 1920s and 1930s bills will have some collectible value. Could be .5x to 10x over face. If she were able to sell them to a coin dealer, the cash issue resolves itself, although then sh...
by libralibra
Thu Oct 18, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 113
Views: 6924

Re: Depositing Cash if it was gifted?

If you have any friends who are numismatists you should have them look at the banknotes Even if your numismatic friends collect coins not paper money s/he can access references to help value the banknotes. Dealers often try to rip the numismatic material. Unknowing heirs are a major profit opportun...
by libralibra
Thu Oct 18, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 45
Views: 5837

Re: CA property tax > $10K, any options to deduct all?

Last I checked, getting a $10k deduction is better than Zero. And there are those that are better off with the $24k standard deduction, for whom SALT isn't a factor. Yep, under AMT you got $0 SALT deduction, $0 property tax deduction, $0 standard deduction, and $0 personal exemption, so the change ...
by libralibra
Thu Oct 18, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: Forever Stamps as an Investment?
Replies: 32
Views: 3730

Re: Forever Stamps as an Investment?

You can make 10% return in one day (Jan. 27, 2019) if the increase from 50 to 55c is approved.
https://about.usps.com/news/national-re ... 18_086.htm
by libralibra
Thu Oct 18, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 45
Views: 5837

Re: CA property tax > $10K, any options to deduct all?

As other have pointed out, there is still a marriage penalty at the federal level. The $10k SALT limit applies whether you file as a single person or MFJ. I know one couple, both economists, who haven't gotten legally married for this reason. Their overall taxes should still be slightly lower due t...
by libralibra
Wed Oct 17, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: FDIC insurance limit increase with multiple PoD accounts (CDs+savings)
Replies: 32
Views: 4736

Re: FDIC insurance limit increase with multiple PoD accounts (CDs+savings)

All revocable trust accounts owned by the same person at the same bank are added together , and the owner is insured up to $250,000 per beneficiary. yeah, it sounds like you (and the OP) are right - the edie calculator agrees with you. I must have read my example of using unequal allocations in the...
by libralibra
Wed Oct 17, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: 5% ESPP
Replies: 16
Views: 1214

Re: 5% ESPP

This "5% off average price of the period" makes no sense. Maybe you mean avg price on purchase date? If you are talking about JPM, check out this thread viewtopic.php?t=200885
by libralibra
Wed Oct 17, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: FDIC insurance limit increase with multiple PoD accounts (CDs+savings)
Replies: 32
Views: 4736

Re: FDIC insurance limit increase with multiple PoD accounts (CDs+savings)

But if I understand correctly, the partitioning doesn't matter (I could scramble the beneficiaries any way I want, in any combination), and the individual CD amounts don't matter. All that matters is that 4 beneficiaries x $250k =$1,000,000 coverage. As long as the sum of all accounts is <$1M I'd b...
by libralibra
Tue Oct 16, 2018 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Gift for two of four grandchildren
Replies: 18
Views: 2278

Re: Gift for two of four grandchildren

Why is 529 not a solution? The 25K contributed can always be withdrawn for non education expenses without penalty or tax implications. Not right, depending on what you mean. Money comes out of 529 pro-rata, i.e. part earnings part principal. To OP, are you saying you don't think you have 3 months? ...
by libralibra
Thu Oct 11, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing my performance against S&P 500
Replies: 20
Views: 1325

Re: Comparing my performance against S&P 500

I am a software entrepreneur with a considerable amount of my assets in the stock market. I am wondering if you may know of any good websites where I can track how my individual stock purchase decisions are performing against a benchmark (say S&P 500). As individual investors, we know that each and...
by libralibra
Mon Oct 08, 2018 2:44 am
Forum: Investing - Help with Personal Investments
Topic: Net investment tax on Roth conversion
Replies: 6
Views: 494

Re: Net investment tax on Roth conversion

The snarky reply above is wrong - Roth conversions themselves do not have NIIT (just like RMDs). However, they may push investment income over the NIIT line, and that part would incur NIIT.
by libralibra
Sun Oct 07, 2018 12:38 am
Forum: Investing - Theory, News & General
Topic: "The Business Man and The Fisherman"
Replies: 9
Views: 2069

Re: "The Business Man and The Fisherman"

I've never felt this forum was about "simply making money", but rather emphasized responsible spending and saving for emergencies and the future. If the story linked had said The Mexican said he had enough to support his family’s immediate needs and some savings for the future. that would have been ...
by libralibra
Fri Oct 05, 2018 12:28 am
Forum: Investing - Help with Personal Investments
Topic: Anyone have experience changing TD Ameritrade Brokerage Account Settlement Fund?
Replies: 10
Views: 671

Re: Anyone have experience changing TD Ameritrade Brokerage Account Settlement Fund?

Yeah, according to that rate sheet, the Select MMF was paying 1.5%, but that is moot now since they are closing and liquidating these funds. It's weird how I got zero notification about this and only happened to notice because OP asked about it. From the 2nd link: On September 26, 2018, the Board of...
by libralibra
Thu Oct 04, 2018 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Take the hit or ride it out?
Replies: 21
Views: 3698

Re: Take the hit or ride it out?

And that is potentially a good thing. Brexit would in theory allow GB to devalue their currency if need be. That has it's pluses and minuses of course. The UK is in the EU, but not the common currency. The pound is already way down because of the uncertainty of Brexit, which is what this whole thre...
by libralibra
Thu Oct 04, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone have experience changing TD Ameritrade Brokerage Account Settlement Fund?
Replies: 10
Views: 671

Re: Anyone have experience changing TD Ameritrade Brokerage Account Settlement Fund?

This is what they offer, and they're not very good https://www.tdassetmanagementusa.com/tmi/content/US_ID_Overview?language=en_US I think you can ask them to switch to your pick using secure messaging. uhm, that's interesting. Decided to review the Fund Documents and it looks like they are closing ...
by libralibra
Thu Oct 04, 2018 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone have experience changing TD Ameritrade Brokerage Account Settlement Fund?
Replies: 10
Views: 671

Re: Anyone have experience changing TD Ameritrade Brokerage Account Settlement Fund?

This is what they offer, and they're not very good https://www.tdassetmanagementusa.com/tm ... uage=en_US
I think you can ask them to switch to your pick using secure messaging.
by libralibra
Fri Sep 28, 2018 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: AMT and taxable portion of state tax refund
Replies: 23
Views: 9478

Re: AMT and taxable portion of state tax refund

Is there anything to be gained from paying more in a given year so I get a refund, or a little less so I have to pay additional taxes? (assuming I pay enough to satisfy safe harbor rules). Or bunching of state/fed taxes? You won't gain by getting a refund, since the refund will be taxable income in...
by libralibra
Mon Sep 24, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Is HELOC interest deductible in 2018?
Replies: 9
Views: 970

Re: Is HELOC interest deductible in 2018?

The controlling question on a HELOC is the use of the funds. They must have been used for the acquisition of your primary residence. David Jay, that is NOT correct: The Tax Cuts and Jobs Act of 2017 suspends from 2018 until 2026 the deduction for interest paid on home equity loans and lines of cred...
by libralibra
Sun Sep 23, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: Allocating 1/3 of Investable Assets to Roth Accounts
Replies: 35
Views: 2128

Re: Grabiner, what does this mean?

The effect of this change is sufficiently small (for example, the doubled estate tax exclusion amount is $11,180,000 rather than $11.2 million in 2018) that it will be far outweighed by whatever else Congress may do from time to time. A billion here, a billion there, pretty soon, you're talking rea...
by libralibra
Sun Sep 23, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Allocating 1/3 of Investable Assets to Roth Accounts
Replies: 35
Views: 2128

Re: Grabiner, what does this mean?

The explanation I read was that the new CPI calculation is more accurate - the old calculation was over-estimating inflation and thus giving a creeping tax cut each year by expanding the brackets too fast. Eventually, there'd have to be a reset of the brackets, similar to a leap year, because the go...
by libralibra
Sun Sep 23, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 UTMA tax gain harvesting
Replies: 14
Views: 1419

Re: 2018 UTMA tax gain harvesting

The "What's New" section at the top of the instructions seems to be pretty clear https://www.irs.gov/pub/irs-dft/i8615--dft.pdf

Also, all the pro-rata stuff seems to be gone.
by libralibra
Fri Sep 21, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: Simple-minded sayings?
Replies: 37
Views: 3121

Re: Simple-minded sayings?

Non-actionable (trolling) topics are non-actionable. heh, one actionable thing would be if people could come up with more cogent arguments rather than thinking a simple witticism solves someone's problem. The aphorisms people have come up with are basically all true (that's why they're called aphor...
by libralibra
Thu Sep 20, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: Simple-minded sayings?
Replies: 37
Views: 3121

Simple-minded sayings?

I've noticed boglehead threads are full of aphorisms Almost every time someone mentions buying a stock, someone will reply smugly "Why do you think you know more than the seller?" but in another thread someone will remind you to "Be greedy when others are fearful, and fearful when others are greedy"...
by libralibra
Wed Sep 19, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: General 2018 Tax Question
Replies: 33
Views: 3759

Re: General 2018 Tax Question

Except that now instead of a single two-sided 1040 I have a single, two-sided new 1040 and a schedule 1 and a schedule 3 and who knows how many more. If I were to design the forms, I would just do something like Huffman Encoding. I.e. look at all returns and see how often each line is used. Then pu...
by libralibra
Wed Sep 19, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: General 2018 Tax Question
Replies: 33
Views: 3759

Re: General 2018 Tax Question

Most of my 1040 is blank and I don't even know what those lines are used for. If they are uncommon, then pushing them to subsidiary forms seems fine for brevity of the common case.

Of course, more than 90% e-file now anyway, so it really doesn't matter which form the info prints out on, right?
by libralibra
Sat Sep 15, 2018 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Any issue with overpaying taxes?
Replies: 23
Views: 1697

Re: Any issue with overpaying taxes?

I'm thinking for my wife's shares, if she does decide to sell some, come tax time I might just put the cost basis as $0. I know I'll pay more tax, but it won't be that much. Any potential problems/issues this might cause other than a little more $ out of my pocket? You should at least try to find o...