Search found 310 matches

by libralibra
Thu Jan 17, 2019 6:19 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1457
Views: 238172

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I've used the following ETFs with the intention to hold for a couple months to a year, in order of preference: Treasury funds: SHV (0.40 yr avg maturity), BIL (0.17 yr), and SHY (1.88 yr). Non-treasury funds: MINT (0.34 yr) and NEAR (1.35 yr). Note that MINT is an active fund. Do you know how these...
by libralibra
Thu Jan 17, 2019 3:52 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1457
Views: 238172

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I've used the following ETFs with the intention to hold for a couple months to a year, in order of preference: Treasury funds: SHV (0.40 yr avg maturity), BIL (0.17 yr), and SHY (1.88 yr). Non-treasury funds: MINT (0.34 yr) and NEAR (1.35 yr). Note that MINT is an active fund. Do you know how these...
by libralibra
Wed Jan 16, 2019 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: What are some disadvantages to TLH?
Replies: 51
Views: 2625

Re: What are some disadvantages to TLH?

I tend to only take losses strategically when I already have gains that I want to offset in the same year, and don't like to have carryover. There are some downsides to booking and carrying a lot of losses (depending on your circumstances). 1. The immediate problem is if you have a low income year. ...
by libralibra
Tue Jan 15, 2019 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Qualified Dividends
Replies: 20
Views: 1637

Re: Qualified Dividends

ps. just checked the 1040 instructions page 28 https://www.irs.gov/pub/irs-pdf/i1040gi.pdf See examples 1 and 3. Before that it has several bullets of exceptions under the heading Exception. Some dividends may be reported as qualified dividends in box 1b of Form 1099-DIV but aren't qualified dividen...
by libralibra
Tue Jan 15, 2019 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Qualified Dividends
Replies: 20
Views: 1637

Re: Qualified Dividends

+1. Have done the same as above for 20ish years and have had no tax reporting issues. I've remarked before in some TLH threads about how people are so fastidious about the wash sale rule, but don't seem to care at all about reporting the qualified dividend holding rule correctly (or the even lesser...
by libralibra
Tue Jan 15, 2019 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: More capital loss carryovers than can use in lifetime
Replies: 30
Views: 4088

Re: More capital loss carryovers than can use in lifetime

Booking more losses, from a TLH standpoint, is a good thing. Double check the title of this thread. Definitely not what the OP is looking for! :? I didn’t respond to the OP. But in the context of this thread? :confused That's like saying "Drinking more water is a good thing"...to a drowning person....
by libralibra
Tue Jan 15, 2019 2:54 am
Forum: Investing - Help with Personal Investments
Topic: More capital loss carryovers than can use in lifetime
Replies: 30
Views: 4088

Re: More capital loss carryovers than can use in lifetime

MotoTrojan wrote:
Mon Jan 14, 2019 3:18 pm
Booking more losses, from a TLH standpoint, is a good thing.
Double check the title of this thread. Definitely not what the OP is looking for! :?
by libralibra
Tue Jan 15, 2019 2:20 am
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3533

Re: too much college savings

I'm counting 2 (or 3?) 529s per student. If you are sure you will have leftover, then when you start paying the college costs, you should withdraw from whichever account has the higher % of earnings first. E.g. if one balance is 50% profit and the other is 30% profit, then withdraw from the first o...
by libralibra
Mon Jan 14, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"
Replies: 155
Views: 15772

Re: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"

Online shopping would be interesting. This is what we use ours for almost exclusively. We previously used out Citibank Double Cash card but they started having problems with their virtual card number generator and we use only virtual cards for online purchases. BofA still issues virtual cards with ...
by libralibra
Mon Jan 14, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3533

Re: too much college savings

I'm counting 2 (or 3?) 529s per student. If you are sure you will have leftover, then when you start paying the college costs, you should withdraw from whichever account has the higher % of earnings first. E.g. if one balance is 50% profit and the other is 30% profit, then withdraw from the first on...
by libralibra
Mon Jan 14, 2019 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Capital Gains Question from Novice
Replies: 13
Views: 1250

Re: Capital Gains Question from Novice

If you purchase VTSAX and then sell it you will receive a 1099-B and pay capital gains taxes on the gain. The gains will be short or long term based on how long you held the fund shares. If a mutual fund you own pays you a capital gains distribution you will receive a 1099-DIV and will pay short or...
by libralibra
Sun Jan 13, 2019 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: More capital loss carryovers than can use in lifetime
Replies: 30
Views: 4088

Re: More capital loss carryovers than can use in lifetime

Livesoft when can I purchase your book on tax loss/gain harvesting? Seriously, write one will ya? :D Always so much good info, but I can't keep track of the threads, individual posts and examples where you share your wisdom on this subject. Thanks for sharing. Thanks. I'm thinking of getting Mike P...
by libralibra
Sun Jan 13, 2019 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: CD at 2.70 APR - 1, 2 or 3 years?
Replies: 21
Views: 2567

Re: CD at 2.70 APR - 1, 2 or 3 years?

I'm also keeping my eyes open for deals. One credit union is offering a CD that pays 3% in year one, 3.5% in year two, and 4% in year three, and gives you the option to do a penalty-free withdrawal each time the rate increases. That is the best of all worlds! A 1-year rate that beats most of the co...
by libralibra
Sun Jan 13, 2019 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Pay 529 plan tax to get a much larger Lifetime Learning tax credit!?
Replies: 16
Views: 1024

Re: Pay 529 plan tax to get a much larger Lifetime Learning tax credit!?

Today I used HRBlock tax prep software to calculate our 2018 federal income taxes. With the tax cut and all the hoopla about it, our taxes have practically doubled for the same amount of income. That means we are way way underwithheld, too. Part of the problem is that we cannot get the American Opp...
by libralibra
Sat Jan 12, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA ineligible LOSS
Replies: 9
Views: 482

Re: Roth IRA ineligible LOSS

How about this: assuming you made both your 2017 roth and 2018 non-deductible tira contributions before 4/15/18 last year, could you somehow just swap the two? I.e. tell vanguard to restate the non-deductible contribution was for 2017 (no penalty is therefore incurred) and the roth contribution was ...
by libralibra
Sat Jan 12, 2019 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: HELP Wash Sale Idiot - Anything I can do?
Replies: 12
Views: 981

Re: HELP Wash Sale Idiot - Anything I can do?

This is a pure guess, and not legal advice, but as soon as you realized this, you coulda bought the 118 120 back in the same taxable account (today). The wash sale would have then been noted by the broker and no need to involve your IRAs at all (and no loss of loss, just deferred to when you sell t...
by libralibra
Fri Jan 11, 2019 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: HELP Wash Sale Idiot - Anything I can do?
Replies: 12
Views: 981

Re: HELP Wash Sale Idiot - Anything I can do?

This is a pure guess, and not legal advice, but as soon as you realized this, you coulda bought the 118 back in the same taxable account (today). The wash sale would have then been noted by the broker and no need to involve your IRAs at all (and no loss of loss, just deferred to when you sell the 11...
by libralibra
Wed Jan 09, 2019 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting
Replies: 15
Views: 1328

Re: Tax Loss Harvesting

I once had some lots reassigned weeks after settlement when I complained about a glitch. It was a tiny, trivial amount compared to your case though, so maybe not really precedent. It sounds like you are saying it definitely wasn't a glitch and that you are sure you fat-fingered the trade. It doesn't...
by libralibra
Tue Jan 08, 2019 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP - Should I or shouldn't I?
Replies: 30
Views: 1259

Re: ESPP - Should I or shouldn't I?

If you have a regular Fidelity account, maybe you could just xfer the shares over and sell. Their usual commission is 4.95. Check with a rep and ask what the process/fees/timing would be like.
by libralibra
Tue Jan 08, 2019 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting
Replies: 15
Views: 1328

Re: Tax Loss Harvesting

I'm not sure how someone overlooks something like this. How do you know there wasn't a glitch? E.g. you thought you clicked on one lot but internally it selected a different lot? Did they have an intermediate confirmation page which you remember seeing what the sales and gain/loss was expected to be?
by libralibra
Sun Jan 06, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America Premium Rewards Airline Fee Credit
Replies: 14
Views: 1313

Re: Bank of America Premium Rewards Airline Fee Credit

After it posts, you can check your counter in the app or website to see if it says $100 available or $0. But just remember that it may not officially qualify in the first place. Getting it for 2019 is better than not getting it at all and not worth the risk of killing it for everyone else. I don't ...
by libralibra
Sat Jan 05, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America Premium Rewards Airline Fee Credit
Replies: 14
Views: 1313

Re: Bank of America Premium Rewards Airline Fee Credit

After it posts, you can check your counter in the app or website to see if it says $100 available or $0. But just remember that it may not officially qualify in the first place. Getting it for 2019 is better than not getting it at all and not worth the risk of killing it for everyone else.
by libralibra
Fri Jan 04, 2019 10:08 pm
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 50
Views: 5257

Re: Making it easier to track posts from the OP

ps. until the fix is put in, or if they choose not too, the workaround for you would be to type the userid in the topic search, click the magnifying glass, then on the resulting page edit the URL directly. Change "keywords" to "author" and hit Enter. Thanks for the hack. This works beautifully but ...
by libralibra
Fri Jan 04, 2019 4:41 pm
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 50
Views: 5257

Re: Making it easier to track posts from the OP

ps. until the fix is put in, or if they choose not too, the workaround for you would be to type the userid in the topic search, click the magnifying glass, then on the resulting page edit the URL directly. Change "keywords" to "author" and hit Enter.
by libralibra
Fri Jan 04, 2019 4:35 pm
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 50
Views: 5257

Re: Making it easier to track posts from the OP

Looks like the software already handles this. I added an input field for "author" and it did the search perfectly. The resulting query was https://www.bogleheads.org/forum/search.php?author=ladygeek&t=248472&sf=msgonly The layout currently lets you search the topic on keywords, but it looks like aut...
by libralibra
Thu Jan 03, 2019 2:04 pm
Forum: Investing - Theory, News & General
Topic: Keeping Dividends Qualified after TLH
Replies: 15
Views: 1128

Re: Keeping Dividends Qualified after TLH

By extending the example above, I think I've identified a legitimate loophole that would convert short term gains to long term gains. It really depends on whether the understanding of the holding period is by "actual share" or "any share" (as was being discussed above). Say you are holding 50 shares...
by libralibra
Wed Jan 02, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: Keeping Dividends Qualified after TLH
Replies: 15
Views: 1128

Re: Keeping Dividends Qualified after TLH

Yes, I think you're saying the same thing I said. For your share-by-share comment, maybe the term "per share" is clearer? Disclaimer: I don't have any first hand experience with the IRS on this and am only repeating the rules as I have read them from the quoted and other articles. I did think of a s...
by libralibra
Tue Jan 01, 2019 2:11 pm
Forum: Investing - Theory, News & General
Topic: Keeping Dividends Qualified after TLH
Replies: 15
Views: 1128

Re: Keeping Dividends Qualified after TLH

Wait, I thought that this rule applies to specific lots and not the whole fund. If I own lot 1 of VTSAX forever, and only do TLH with lot 2...does that mean that all lot 2 dividends will be qualified no matter what I do with TLH since I own lot 1? No, it's a share-by-share thing, definitely not a f...
by libralibra
Mon Dec 31, 2018 11:49 pm
Forum: Investing - Theory, News & General
Topic: Keeping Dividends Qualified after TLH
Replies: 15
Views: 1128

Re: Keeping Dividends Qualified after TLH

Wait, I thought that this rule applies to specific lots and not the whole fund. If I own lot 1 of VTSAX forever, and only do TLH with lot 2...does that mean that all lot 2 dividends will be qualified no matter what I do with TLH since I own lot 1? No, it's a share-by-share thing, definitely not a f...
by libralibra
Mon Dec 31, 2018 10:38 pm
Forum: Investing - Theory, News & General
Topic: Keeping Dividends Qualified after TLH
Replies: 15
Views: 1128

Re: Keeping Dividends Qualified after TLH

So count 61 days backwards from when you sold the shares. One of those days will be the ex-dividend date (duh!). If one of those days is the day you bought the shares, then you got an issue. If none of those days is the day you bought the shares, then you bought the shares before the 61 days and al...
by libralibra
Mon Dec 31, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Paid your out of pocket maximum? Think again
Replies: 15
Views: 2322

Re: Paid your out of pocket maximum? Think again

It could be worse - with my HMO if I go out of network there is no max. I asked the sales agent to clarify: what happens if the ambulance takes you to the wrong hospital and after the emergency they don't release you for a few days as regular in-patient. The agent said the emergency part is clearly ...
by libralibra
Mon Dec 31, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Does personal holding period apply to Long Term Capital Gains distributions?
Replies: 9
Views: 731

Re: Does personal holding period apply to Long Term Capital Gains distributions?

NOTE: this bit of news might have a big impact on all the people TLH shares that were recently bought! Isn't this a problem only if you have significant STCGs? I can't imagine it would be a problem for most BHs. Right, dollar-wise this only makes a difference if you have both ST and LT CGs this yea...
by libralibra
Sun Dec 30, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Does personal holding period apply to Long Term Capital Gains distributions?
Replies: 9
Views: 731

Re: Does personal holding period apply to Long Term Capital Gains distributions?

I thought you had just identified a loophole where you could convert short term gains into long term gains, but looks like the IRS thought of it already. See question 10 https://www.sec.gov/divisions/investment/guidance/mutualq-a.htm Q. Internal Revenue Code Section 852(b)(4) provides special rules ...
by libralibra
Fri Dec 28, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: TLH: Avoiding wash sale with recent IRA investments
Replies: 9
Views: 770

Re: TLH: Avoiding wash sale with recent IRA investments

btw, you could've sold the 24 VTSAX and 104 VTIAX which have the smallest losses first (using spec id) to force the wash sale to occur in your IRA with min losses lost. Then the next day sell the rest of the losses without incurring a wash sale (since all replacement shares have already been matched...
by libralibra
Fri Dec 28, 2018 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Why Buy Bond Funds When Patelco/Provident CU Accounts Return 2-3%?
Replies: 12
Views: 2238

Re: Why Buy Bond Funds When Patelco/Provident CU Accounts Return 2-3%?

Patelco has a new 3 yr CD starting at 3% going to 3.5% in year 2 and 4% in year 3. You can close with no penalty at each year, so you can also think of this as a 1 yr CD at 3% (followed by a 1 year CD at 3.5% etc). EWP is 90 days otw. https://www.patelco.org/explore-services/services/checking-and-sa...
by libralibra
Wed Dec 26, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Gains harvesting in 0% bracket
Replies: 6
Views: 543

Re: Gains harvesting in 0% bracket

No need to offset your loss against gains that have no tax liabilies. I'd save the capital loss for future years. TravelforFun So if we have the same situation next year with $42K in taxable income, we could conceivable harvest $110K in gains. We could use the $50K capital loss to offset the gains ...
by libralibra
Tue Dec 25, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: 529 non-qualified withdrawal penalty and tax question
Replies: 10
Views: 750

Re: 529 non-qualified withdrawal penalty and tax question

The earnings come out pro-rata. When you are withdrawing while still funding, you should withdraw first and then fund - this will use up a higher proportion of earnings. Or if you wanted to fund this year and withdraw next year, some people open a separate 529. If you have money left over and take i...
by libralibra
Tue Dec 25, 2018 1:09 pm
Forum: Investing - Theory, News & General
Topic: SUV TV ads
Replies: 17
Views: 1198

Re: SUV TV ads

Time2Quit wrote:
Tue Dec 25, 2018 9:39 am
I started noticing that...
That sounds like confirmation bias. Could have been there all along, or every year, etc and you just noticed it. (That happened whenever I got a new car - suddenly everywhere I looked, I would see the same car.)
by libralibra
Tue Dec 25, 2018 1:04 pm
Forum: Investing - Theory, News & General
Topic: Tax surprise - Enhances bear market selloff?
Replies: 4
Views: 849

Re: Tax surprise - Enhances bear market selloff?

Per numerous media outlets & employer warnings, people were not withholding enough taxes over the course of the 2018 year. As people begin tax preparation season, many will owe more than expected as this was the first year of the new tax laws. Do you think the unexpected increase in taxes owed will...
by libralibra
Sun Dec 23, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling to accurately calculate if taking cash advance was worth it
Replies: 28
Views: 1833

Re: Struggling to accurately calculate if taking cash advance was worth it

Looking at the bright side, OP can make about 25% ROI on this deal:

6 months loan interest saved: 20k * 4.55% / 2
open a 1 year CD in May: 20k * 3%

Assuming marginal tax rate of 50%, his return is
20k * (4.55%/2 + 3%/2) = $755

$600 paid up front, profit of $155, so ROI a little over 25%
by libralibra
Sun Dec 23, 2018 12:08 am
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 9755

Re: When did the musicians on the titanic realize their fate?

The title of the OP seems to confuse two sayings. There's "rearranging the deck chairs on the Titanic" which means to ignore a crisis or impending catastrophe (similar to "fiddling while Rome burns"). Whereas the story about the Titanic musicians is about honor and duty, because they continued to pl...
by libralibra
Sat Dec 22, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains and Qualified Dividends Tax Question
Replies: 12
Views: 1132

Re: Capital Gains and Qualified Dividends Tax Question

When you have LTCG/QDiv income crossing the boundary like this, anything you can do to reduce your regular taxable income has a double benefit: each dollar subtracted saves 12% of regular tax and 15% of capital gains tax (by bringing a dollar back across the boundary). (btw, you didn't explicitly st...
by libralibra
Fri Dec 21, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: TLH - wash sale question
Replies: 14
Views: 569

Re: TLH - wash sale question

HockeyFan99 wrote:
Fri Dec 21, 2018 9:13 am
and in some instances (I believe) simply result in a reduced cost basis without booking (or "harvesting") any loss that you can use for tax purposes.
may be a typo, but I think the cost basis of replacement shares is increased in the case of a wash sale (plus the holding period is adjusted).
by libralibra
Wed Dec 19, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: 61 days holding period for qualified dividend
Replies: 7
Views: 637

Re: 61 days holding period for qualified dividend

Is this to TLH? Why not just sell the new batch before 12/20 and avoid the div and wash sale altogether? Just remember to turn off div reinvestment for any remaining batches.
by libralibra
Tue Dec 18, 2018 9:49 pm
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10060

Re: I feel cheated, saved too much in 401K vs cash.

If you had the cash, you'd have 30% less of it, based on a WAG at your marginal state plus federal tax brackets plus the tax drag of a taxable investment. Sure, I guess something like that could be true. But, if I took that 70% of what I currently have in my 401K, paid cash for real estate, I would...
by libralibra
Tue Dec 18, 2018 8:43 pm
Forum: Investing - Theory, News & General
Topic: Bull market is over, run for cover says Alan Greenspan
Replies: 41
Views: 6108

Re: Bull market is over, run for cover says Alan Greenspan

This OP (unwittingly) called the market top, to the day. Much better than Greenspan's predictions.
viewtopic.php?t=260259
by libralibra
Tue Dec 18, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 190
Views: 14493

Re: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court

I wonder if they will have to issue refunds for all the 3.8% NIIT that was collected. Or at least, if ultimately upheld, does that mean any gains starting last Friday should not be subject to NIIT? In my opinion, that's about as unlikely as having to repay subsidies that were taken in the past. I g...
by libralibra
Mon Dec 17, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 190
Views: 14493

Re: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court

I wonder if they will have to issue refunds for all the 3.8% NIIT that was collected. Or at least, if ultimately upheld, does that mean any gains starting last Friday should not be subject to NIIT?
by libralibra
Sun Dec 16, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America Merrill Edge Up to $900 Bonus for Preferred Rewards Clients
Replies: 60
Views: 6311

Re: Bank of America Merrill Edge Up to $900 Bonus for Preferred Rewards Clients

I certainly see how it can be interpreted like that(and you may be right)..but looking at the terms again, it states: "After 90 days of meeting the funding criteria described in Step 2, your cash reward will be determined by the qualifying net new assets in your account (irrespective of any losses ...