Search found 5900 matches

by rkhusky
Tue Dec 18, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: TLH Help
Replies: 15
Views: 761

Re: TLH Help

Also, going back to your original strategy, why did you want to sell the stocks (bought in the last 30 days) both with gains and losses? Why not only the ones with losses? Because they can be considered replacement shares and cause a wash sale. Check out the fairmark site for example situations and...
by rkhusky
Tue Dec 18, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: When do Social Security payments count as income?
Replies: 18
Views: 1972

Re: When do Social Security payments count as income?

OnTrack wrote:
Tue Dec 18, 2018 1:55 am
In general Social Security quit sending paper checks in 2013, so I'm not sure how there would be a date on a check or paystub.
https://www.ssa.gov/deposit/
Electronic check or paystub - i.e. a record that shows the date the payment was issued.
by rkhusky
Tue Dec 18, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Avoid Wash Sale by Selling All Shares?
Replies: 6
Views: 450

Re: Avoid Wash Sale by Selling All Shares?

Could someone please confirm that waiting a day between selling in my tax-advantaged accounts and then selling in the taxable account is both necessary and sufficient to allow me to harvest the loss? That will work, but I would double check that all the shares in the tax-advantaged accounts have tr...
by rkhusky
Mon Dec 17, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: 403b purchases and wash sale
Replies: 18
Views: 585

Re: 403b purchases and wash sale

The tax code is clear that if a taxpayer controls which investments are chosen in an account, then that account is party to wash sale rules. No exceptions have been stated. Anything contrary is just wishful thinking.
by rkhusky
Mon Dec 17, 2018 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: 403b purchases and wash sale
Replies: 18
Views: 585

Re: 403b purchases and wash sale

In general, the IRS does a pretty good job of writing out the regulations and publications. Typically they do not write out a partial rule and expect the taxpayer to infer the rest. Admittedly they are vague on the topic of substantially identical, but no more so than the legislation is. I think th...
by rkhusky
Mon Dec 17, 2018 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help a dummy TLH...
Replies: 28
Views: 921

Re: Help a dummy TLH...

... Presently, the IRS does not deem this type of transaction as involving substantially identical securities and so it is allowed, although this may be subject to change in the future as the practice becomes more widespread. I don't know how trustworthy Investopedia is, but that's a data point. Th...
by rkhusky
Mon Dec 17, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: 403b purchases and wash sale
Replies: 18
Views: 585

Re: 403b purchases and wash sale

In general, the IRS does a pretty good job of writing out the regulations and publications. Typically they do not write out a partial rule and expect the taxpayer to infer the rest. Admittedly they are vague on the topic of substantially identical, but no more so than the legislation is. I think th...
by rkhusky
Mon Dec 17, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: 403b purchases and wash sale
Replies: 18
Views: 585

Re: 403b purchases and wash sale

Right now, among the wash sale rules it says that transactions in a spouse's account can create a wash sale. It does NOT say that transactions in other relative's account do NOT cause a wash. So if I claim that sales in a child's or parent's account are a wash sale, how would you PROVE that this is...
by rkhusky
Mon Dec 17, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: 403b purchases and wash sale
Replies: 18
Views: 585

Re: 403b purchases and wash sale

And, given that we are now at the 10-year mark since this rule was written, don't we think that by now they would have decided to clarify that 401ks should be under wash sale rules if that's what they had meant? No. They probably feel that 401k's clearly should be part of the wash sale rules and th...
by rkhusky
Mon Dec 17, 2018 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: TLH and Simplify Taxable Portfolio
Replies: 3
Views: 280

Re: TLH and Simplify Taxable Portfolio

What other accounts do you have? IRA, 401K, etc. You should lump all your accounts together as one portfolio and perform an overall optimization.
by rkhusky
Mon Dec 17, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Learning TLH. TLH against ord income Vs Cap Gains?
Replies: 1
Views: 152

Re: Learning TLH. TLH against ord income Vs Cap Gains?

Long term cap gain tax rate is lower than income tax rate. Short term cap gain tax rate is the the same as income tax rate. It is better to deduct losses against income or short term gains, than to deduct against long term cap gains. Long term cap gains are taxed at either 0%, 15% or 20%, depending ...
by rkhusky
Mon Dec 17, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: When do Social Security payments count as income?
Replies: 18
Views: 1972

Re: When do Social Security payments count as income?

If the date on the check or paystub says 2019, it is income for 2019. I know there are some government payments that are supposed to be issued on the first of the month, but become available to the bank on the last of the month. Some banks honor the Treasury's date and don't deposit until the first ...
by rkhusky
Mon Dec 17, 2018 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal Wash Sale?
Replies: 8
Views: 319

Re: Spousal Wash Sale?

engin33r wrote:
Mon Dec 17, 2018 2:43 pm
Ok, is there any way to clean this up? If I sell the X that I bought today, would that help?
You can't eliminate the wash sale, but you can mitigate the issue by selling the shares you bought today.
by rkhusky
Mon Dec 17, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal Wash Sale?
Replies: 8
Views: 319

Re: Spousal Wash Sale?

barnaclebob wrote:
Mon Dec 17, 2018 2:45 pm
rkhusky wrote:
Mon Dec 17, 2018 2:31 pm
No wash sale if your wife sold X for a gain. And a wash sale doesn't matter much if you don't plan to claim the loss.
Why would you not claim a loss?
Because you don't know that you can or don't know the benefits or it is too much trouble.
by rkhusky
Mon Dec 17, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: 403b purchases and wash sale
Replies: 18
Views: 585

Re: 403b purchases and wash sale

This post has some arguments for why a 403b should be considered in the wash sale rules: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=264203#p4226175 The prior post in the thread has some arguments on the opposite side. I find it interesting that the current thought on deductions is that if ...
by rkhusky
Mon Dec 17, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal Wash Sale?
Replies: 8
Views: 319

Re: Spousal Wash Sale?

No wash sale if your wife sold X for a gain. And a wash sale doesn't matter much if you don't plan to claim the loss.
by rkhusky
Mon Dec 17, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Withdrawal with VWELX ?
Replies: 4
Views: 294

Re: Portfolio Withdrawal with VWELX ?

For a more diversified portfolio, you could choose one of the Target Retirement or LifeStrategy funds.
by rkhusky
Mon Dec 17, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Yet another Roth vs Traditional 401k thread
Replies: 24
Views: 984

Re: Yet another Roth vs Traditional 401k thread

Unless you move between brackets, doing a Roth conversion is equivalent to contributing to a Roth 401k. If the former isn't worthwhile, then neither is the latter. If the latter is worthwhile, so is the former.
by rkhusky
Mon Dec 17, 2018 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Diversification of fixed income
Replies: 7
Views: 542

Re: Diversification of fixed income

Tiger44 wrote:
Sun Dec 16, 2018 11:51 pm
I have a sizable taxable portfolio of 30% equities and 70% bonds. My 70% bonds are entirely in VWIUX.
What other accounts do you have, what are they invested in, and what is their relative size compared to the taxable account? Also, what is your marginal tax rate?
by rkhusky
Mon Dec 17, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Investing RMD back into taxable vanguard fund
Replies: 9
Views: 1295

Re: Investing RMD back into taxable vanguard fund

Depends on whether you have one of the older mutual fund accounts or one of the newer brokerage accounts. The former allows you to send distributions wherever you want, the latter only goes to the settlement fund.
by rkhusky
Sun Dec 16, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Wash Sale Tax and Logistics Question
Replies: 13
Views: 705

Re: Wash Sale Tax and Logistics Question

Buffetologist wrote:
Sun Dec 16, 2018 5:12 am
So if I sold all of the shares in the 401K, it would mitigate the wash sale since the replacement shares would be definitely gone?
Right.
by rkhusky
Sat Dec 15, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: SWTSX to SCHB wash sale??
Replies: 10
Views: 571

Re: SWTSX to SCHB wash sale??

SWTSX is in a taxable account so I could do a little TLH. SCHB is better in that space anyway. Thoughts? Sorry, this should help. SCHB, Schwab US Broad Market ETF - tracks the total return of the Dow Jones U.S. Broad Stock Market Index SWTSX, Schwab Total Stock Market Index Fund - tracks the total ...
by rkhusky
Sat Dec 15, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: convert to TSP Roth or existing brokerage Roth?
Replies: 20
Views: 1210

Re: convert to TSP Roth or existing brokerage Roth?

4nwestsaylng wrote:
Fri Dec 14, 2018 10:44 pm
I was shocked to hear it may take weeks to process.
I wonder what percentage of TSP employees are on use or lose annual leave? :twisted:
by rkhusky
Fri Dec 14, 2018 10:38 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth: 3 Correlation Myths In Portfolio Construction
Replies: 97
Views: 5728

Re: Allan Roth: 3 Correlation Myths In Portfolio Construction

No one is going to be on the efficient frontier, but we can all push our portfolios in the north west direction. You can certainly try, but you might find that your plans go awry and you get blown off course and end up going northeast or southwest, or if things go bad, southeast. Since most everyon...
by rkhusky
Fri Dec 14, 2018 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 form 1040 released
Replies: 14
Views: 1812

Re: 2018 form 1040 released

RustyShackleford wrote:
Fri Dec 14, 2018 7:47 pm
rkhusky wrote:
Fri Dec 14, 2018 8:22 am
Perhaps most people will not need any schedules. I only need one.
Didn't the old 1040A and 1040EZ address those people ?
Now the IRS doesn't need those alternatives.
by rkhusky
Fri Dec 14, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth: 3 Correlation Myths In Portfolio Construction
Replies: 97
Views: 5728

Re: Allan Roth: 3 Correlation Myths In Portfolio Construction

No one is going to be on the efficient frontier, but we can all push our portfolios in the north west direction. You can certainly try, but you might find that your plans go awry and you get blown off course and end up going northeast or southwest, or if things go bad, southeast. Since most everyon...
by rkhusky
Fri Dec 14, 2018 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Reinvesting Dividends in Taxable Account
Replies: 7
Views: 1002

Re: Reinvesting Dividends in Taxable Account

The wiki has a page on the topic. I am retired I prefer directing dividends to cash. If you plan on doing tax loss harvesting cash is better. https://www.bogleheads.org/wiki/Reinvesting_dividends_in_a_taxable_account You can just pause re-investment for 30 days. And, if you received a dividend less...
by rkhusky
Fri Dec 14, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: convert to TSP Roth or existing brokerage Roth?
Replies: 20
Views: 1210

Re: convert to TSP Roth or existing brokerage Roth?

So probably worth taking some pain now in paying out income taxes on the conversion, and higher Medicare Part B rates for a year or two, to free some of that money from the tax deferred account! You may run out of time to get this done. I looked at the processing of my TSP-77 and it actually took a...
by rkhusky
Fri Dec 14, 2018 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Reinvesting Dividends in Taxable Account
Replies: 7
Views: 1002

Re: Reinvesting Dividends in Taxable Account

The wiki has a page on the topic. I am retired I prefer directing dividends to cash. If you plan on doing tax loss harvesting cash is better. https://www.bogleheads.org/wiki/Reinvesting_dividends_in_a_taxable_account You can just pause re-investment for 30 days. And, if you received a dividend less...
by rkhusky
Fri Dec 14, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: Let me ask a question about the effect of rebalancing on "risk"
Replies: 4
Views: 391

Re: Let me ask a question about the effect of rebalancing on "risk"

The least risky from this perspective would be daily rebalancing and the most risky would be annual rebalancing. Here "riskiness" is defined as the range of compounded returns over Time X. Assuming that the stock market goes up over time. During a market decline, the opposite is true - not rebalanc...
by rkhusky
Fri Dec 14, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: 2018 form 1040 released
Replies: 14
Views: 1812

Re: 2018 form 1040 released

mariezzz wrote:
Thu Dec 13, 2018 11:00 pm
Edit: I don't think all the extra schedules are an improvement. The main form is shorter, but then you have to add on schedules. I'd rather a 2 page crowded form.
Perhaps most people will not need any schedules. I only need one.
by rkhusky
Fri Dec 14, 2018 8:05 am
Forum: Investing - Theory, News & General
Topic: Allan Roth: 3 Correlation Myths In Portfolio Construction
Replies: 97
Views: 5728

Re: Allan Roth: 3 Correlation Myths In Portfolio Construction

Important points: ... though low and negative correlations are important, they’re insufficient. Recognize that you need both lower correlations and good expected returns. Don’t count on past correlations continuing. And always remember that highly correlated assets may have very different returns, e...
by rkhusky
Thu Dec 13, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 form 1040 released
Replies: 14
Views: 1812

Re: 2018 form 1040 released

IRS yesterday released form 1040 for the year 2018. https://apps.irs.gov/app/picklist/list/formsPublications.html?value=1040&criteria=formNumber This will list all the schedules (there are 6 of them) and forms for them https://www.irs.gov/pub/irs-pdf/f1040.pdf is direct link to just the form 1040. ...
by rkhusky
Thu Dec 13, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Help
Replies: 15
Views: 761

Re: TLH Help

Ex 1: Buy on day 1, shares go down, and sell on day 15. Sale is allowed and no wash sale. Ex 2: Buy on day 1, shares go down in the next hour, and sell on day 1. Sale is allowed and no wash sale. Ex 3: Buy on day -35. Buy again on day 1, shares go down in the next hour, so sell the same shares just...
by rkhusky
Thu Dec 13, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Being locked out of my account and "research team" will contact me in 72 hours
Replies: 33
Views: 3948

Re: Being locked out of my account and "research team" will contact me in 72 hours

It turns out the original code was sent because someone successfully logged in after trying a lot of different logins. They didn't get access because they didn't have the code sent to my phone, thanks 2FA! It was the multiple login attempts (and the successful one) that triggered the fraud review. ...
by rkhusky
Thu Dec 13, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: TLH Help
Replies: 15
Views: 761

Re: TLH Help

I really don’t want to ‘clutter’ my Vanguard account with more funds, by buying another total international similar fund. But at the same time, I would prefer not to be uninvested for 30 days. What do most do? Most buy something that is close, but not substantially identical, like Total Internation...
by rkhusky
Wed Dec 12, 2018 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Help
Replies: 15
Views: 761

Re: TLH Help

Why sell the ones you bought in the last 30 days? And why buy the 2 funds at the same time? Then you cannot sell one and buy the other the next day. I thought that was the whole point Because of wash sale rules. If you sell for a loss and want to claim the loss on your taxes, it will be disallowed ...
by rkhusky
Wed Dec 12, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Did Vanguard correctly apply the wash sale rule?
Replies: 3
Views: 267

Re: Did Vanguard correctly apply the wash sale rule?

Vanguard might be looking at it as in Example 3. You could call Vanguard and try to get them to see it your way. Or do what Livesoft suggests above.
by rkhusky
Wed Dec 12, 2018 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Help
Replies: 15
Views: 761

Re: TLH Help

And when you sell all the "red" shares, you might also want to sell all shares bought within the past 30 days, whether or not they have losses.

And don't buy anything substantially identical to the fund(s) that you sell for 30 days afterward.
by rkhusky
Wed Dec 12, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Bathroom scale
Replies: 17
Views: 1164

Re: Bathroom scale

The digital scales don't last that long. They don't rust though like the one pictured above ... especially at the fulcrum point. But I don't see why the digital ones don't last. Ours is still doing fine many years since purchase. I think one or more of our load cells went bad. We were getting weigh...
by rkhusky
Wed Dec 12, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Early retirement mistakes???
Replies: 37
Views: 6171

Re: Early retirement mistakes???

I had a near miss. I didn’t know that if I retired in the year I turned 55 or older, I could withdraw from my 401k penalty free. Until I heard that, I was trying to conserve my taxable account by investing in munis and studying the SEPP process in order to make it to 59.5.
by rkhusky
Wed Dec 12, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Bathroom scale
Replies: 17
Views: 1164

Re: Bathroom scale

After going through a number of digital bathroom scales that stopped working after a few years, I reverted to an old-school mechanical analog one (think big white dial with black numbers). It's been working great for about a decade now. I think I paid about $20 for it at Target. +1 The digital scal...
by rkhusky
Wed Dec 12, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: CAP Gains Wellington
Replies: 12
Views: 1340

Re: CAP Gains Wellington

Last year the LTCG was $2.57 and the STCG was $0.35.
by rkhusky
Wed Dec 12, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Tax Expert: Charitable Donation Allowed?
Replies: 3
Views: 283

Re: Tax Expert: Charitable Donation Allowed?

J295 wrote:
Wed Dec 12, 2018 9:00 am
May I use my donor advised fund to make a donation?
Submit your suggestion to the administrator of your DAF and see what they say.
by rkhusky
Wed Dec 12, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX or VLXVX?
Replies: 4
Views: 481

Re: VTSAX or VLXVX?

I'm 19 and I've put in $11000 into my Roth IRA so far into a VLXVX fund. I started my Roth ira last year and chose a VLXVX because I was still in college and didn't have much time to decide between funds (TD fund seemed good). I've heard that VTSAX is better for young people because of the lower ex...
by rkhusky
Wed Dec 12, 2018 7:08 am
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 57
Views: 4684

Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)

indexonlyplease wrote:
Tue Dec 11, 2018 9:23 pm
I am looking at my dividends for Total Stock Market for 2018. How do I know if they are ordinary or qualified dividends?
The pdf has a column listing the estimated QDI percentage for the whole year.
by rkhusky
Tue Dec 11, 2018 6:34 pm
Forum: Investing - Theory, News & General
Topic: CAP Gains Wellington
Replies: 12
Views: 1340

Re: CAP Gains Wellington

And this is in addition to whatever was paid out earlier in the year.
by rkhusky
Tue Dec 11, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Want to help me figure how much I can convert to Roth?
Replies: 27
Views: 2359

Re: Want to help me figure how much I can convert to Roth?

The calculation takes place in the Foreign Earned Income Tax Worksheet (FEITW), which is in the 1040 instructions. The process appears to be as follows: Fill out Form 2555 or 2555-EZ, Total foreign income gets added to line 1 of Form 1040, The exclusion is subtracted from other income on line 21 of ...
by rkhusky
Mon Dec 10, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: convert to TSP Roth or existing brokerage Roth?
Replies: 20
Views: 1210

Re: convert to TSP Roth or existing brokerage Roth?

So TSP does not allow Roth conversions within TSP, but conversions still can be done outside TSP. If you are married, the TSP-77 needs to be notarized. And you need to be separated from service to withdraw from the TSP. Or 59-1/2; you can make one in-service withdrawal. (This may become more flexib...
by rkhusky
Mon Dec 10, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal SS Benefit
Replies: 13
Views: 1228

Re: Spousal SS Benefit

**The exception to this statement would be if one spouse is much older than the other, or if one spouse is in extremely poor health. I was thinking more along this line, rather than a statistical optimization. If one or both are unhealthy and/or poor genes. Or the opposite. Might not want to use th...