Search found 1025 matches

by Gemini
Sun Jan 23, 2022 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance drama - enforcing the will
Replies: 66
Views: 10866

Re: Inheritance drama - enforcing the will

retiredflyboy wrote: Sun Jan 23, 2022 1:46 pm Get a lawyer!! The old joke is, who gets to the house first after the funeral gets the stuff. Best of luck, and sorry for your loss.
ha thank you

now the lawyer should be based out of where the property is located?
by Gemini
Sun Jan 23, 2022 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance drama - enforcing the will
Replies: 66
Views: 10866

Re: Inheritance drama - enforcing the will

Tom_T wrote: Sun Jan 23, 2022 1:38 pm Fidelity is not going to be looking at any wills. If there's a beneficiary or Transfer on Death designation, great. If not, it's going through probate. They are certainly not going to read a will and send checks out to the individuals.

https://www.fidelity.com/life-events/es ... /brokerage
Good to know. I believe the account/accounts have all of the siblings listed. However, it may be under my wife's maiden name...

I am guessing if we call Fidelity, they will not release this information?
by Gemini
Sun Jan 23, 2022 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance drama - enforcing the will
Replies: 66
Views: 10866

Re: Inheritance drama - enforcing the will

Your question is how to make sure. The only way to make sure is to know all property in the estate, and when dispersed, it follows the will. Since communication has apparently broken down, if the estate is sizable, it may be worth it to get an attorney to review and send a letter to the executor, and go from there. With that letter, it may keep the executor on their toes. Keep in mind, it doesn't take long to get in the 10s of thousands of dollars if it gets ugly to the point of a complaint. We know the property and approx monies in the estate. At a high level, we are talking maybe $75K a piece after all is settled. While the money will be welcome, my wife is more focused on the belongings/memorabilia. Can she legally just have the belongi...
by Gemini
Sun Jan 23, 2022 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance drama - enforcing the will
Replies: 66
Views: 10866

Re: Inheritance drama - enforcing the will

The executor has certain legal responsibilities and if they are not living up to them they can be removed. It can take many months for an estate to be settled, so no need to panic yet. Sounds like the family is already broken so siccing a lawyer on them would be the way to go. A lawyer letter demanding an accounting might be the first step. Do you know whether the house has been sold, where the contents are now? https://zimmerlawfirm.com/blog/probate/happens-executor-doesnt-hes-supposed/ We don't know if the property has been sold. Checked Zillow and does not show it as being listed/sold recently Belongings are in a storage unit and the condo only as far as we know. This is in a different state than us by the way. I am not familiar with th...
by Gemini
Sun Jan 23, 2022 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance drama - enforcing the will
Replies: 66
Views: 10866

Inheritance drama - enforcing the will

My father-in-law passed away a couple of months ago.

My wife is the youngest of 4 siblings. The older 3 are from a different marriage. Prior to this event, there was little contact between her and the others. Not on speaking terms. All of the siblings are in different states.

Wife has a copy of will, which states all investment accounts/money from house sale to be split evenly 4 ways. All of the belongings were left to my wife

Executor of the estate is one of the siblings. When FIL passed, a discussion resulted in argument between my wife and the executor sibling. Since then, radio silence.

How do we make sure we follow FIL wishes as the will outlines?
by Gemini
Sun Oct 18, 2020 7:33 pm
Forum: Investing - Theory, News & General
Topic: Ark Funds
Replies: 198
Views: 33702

Re: Ark Funds

langlands wrote: Sat Oct 17, 2020 11:07 pm
Gemini wrote: Sat Oct 17, 2020 9:29 pm Can someone explain the tax implications
Of one of these ARK active etfs in a taxable account? If one holds it over a year, and then sells, would it be all long term cap gains?
Yes
Thanks. Is there any difference in holding this in taxable vs let’s say VTi?
by Gemini
Sat Oct 17, 2020 9:37 pm
Forum: Personal Consumer Issues
Topic: Looking for a three row SUV; $90k budget
Replies: 117
Views: 11627

Re: Looking for a three row SUV; $90k budget

Depends on if you actually want to use the third row seat - if so Q7 is out as the third row is horrendous

Depends on if you want trunk space with the third row up - this takes out Volvo , Tesla as trunk space takes a HUGE hit with the 3rd row up

Depends on if you want the thing to handle like a car vs a boat - this takes out Escalade, expedition, Denali etc

Options X7 and GLS - test drive both. drive on X7 is much better and so is the handling IMO
by Gemini
Sat Oct 17, 2020 9:29 pm
Forum: Investing - Theory, News & General
Topic: Ark Funds
Replies: 198
Views: 33702

Re: Ark Funds

Can someone explain the tax implications
Of one of these ARK active etfs in a taxable account? If one holds it over a year, and then sells, would it be all long term cap gains?
by Gemini
Fri May 01, 2020 9:31 am
Forum: Investing - Theory, News & General
Topic: SCV fund which screens for quality
Replies: 21
Views: 1551

Re: SCV fund which screens for quality

I am not sure why there is confusion about using a quality screen on small or value companies. Just because a company is small or cheaper does not mean it cannot have quality characteristics such as Financial Strength and other quality indicators. Most funds have limited information on how they screen for quality. So, you are looking for the better quality value stocks, the ones that are less value-y, which are not as risky, and therefore should have lower expected return. I think you are misunderstanding my objective. Quality and value are separate metrics to measure a company. Although they may be correlated, they don't have to be, as you are implying. Additionally, risk does not equal return. With increased risk, one is hoping for a hig...
by Gemini
Wed Apr 29, 2020 6:40 pm
Forum: Investing - Theory, News & General
Topic: SCV fund which screens for quality
Replies: 21
Views: 1551

Re: SCV fund which screens for quality

I am not sure why there is confusion about using a quality screen on small or value companies. Just because a company is small or cheaper does not mean it cannot have quality characteristics such as Financial Strength and other quality indicators. Most funds have limited information on how they screen for quality. So, you are looking for the better quality value stocks, the ones that are less value-y, which are not as risky, and therefore should have lower expected return. I think you are misunderstanding my objective. Quality and value are separate metrics to measure a company. Although they may be correlated, they don't have to be, as you are implying. Additionally, risk does not equal return. With increased risk, one is hoping for a hig...
by Gemini
Wed Apr 29, 2020 3:37 pm
Forum: Investing - Theory, News & General
Topic: SCV fund which screens for quality
Replies: 21
Views: 1551

Re: SCV fund which screens for quality

I am not sure why there is confusion about using a quality screen on small or value companies. Just because a company is small or cheaper does not mean it cannot have quality characteristics such as Financial Strength and other quality indicators. Most funds have limited information on how they screen for quality.

VFMF is interesting, but it is more of a mid-large fund as opposed to small. It would likely be a good alternative to VTI or SPY, but not sure for a SCV fund
by Gemini
Wed Apr 29, 2020 10:22 am
Forum: Investing - Theory, News & General
Topic: SCV fund which screens for quality
Replies: 21
Views: 1551

Re: SCV fund which screens for quality

Is there additional data on how these funds screen for quality?

For example, OFSIX screens for Financial Strength (highly levered companies reliant on external funding), Earnings Quality (companies with non-cash earnings and aggressive accounting), and Earnings Growth (declining free cash flow and profitability).
by Gemini
Wed Apr 29, 2020 9:32 am
Forum: Investing - Theory, News & General
Topic: SCV fund which screens for quality
Replies: 21
Views: 1551

SCV fund which screens for quality

Usually, small cap stocks are one of the better returning assets after bear markets. However, they are also susceptible to economic shocks and bankruptcy.

Ideally, one would want a SCV fund(s) which screens for quality.

I cam across a few, but the ERs are not good:

OFSIX - ER 0.99%

Royce funds - RVT and RMT - close ended funds, with high ER

I believe some DFA funds also screen, but I do not have access.


Any suggestions for such a domestic fund?
by Gemini
Wed Apr 01, 2020 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008379

Re: Fidelity as a one stop shop

Any suggestion on how to set up bill pay to pay rent? I go through the "Add Payee" section, but it does not ask me for account # or ABA ID # for the person to whom the money will be sent. It just asks for name, address, account #
by Gemini
Sat Mar 21, 2020 1:08 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 5577
Views: 619135

Re: [Small Cap Value heads Rejoice !!!]

For a taxable account, is there one ETF better than others for SCV? I am leaning towards AVUV. The fear with a new ETF would be capital gains distributions. SLYV is one of the oldest of its trio and up until recently even it distributed some while VIOV/IJS did not. VIOV is probably the safest bet. IJS has SMB 0.8 and HML 0.39 Any data on AVUV? Also, is it possible to predict from the prospectus whether capital gains will occur? No SPDR had capital gains last year: https://www.ssga.com/library-content/products/fund-docs/etfs/us/information-schedules/SPDR-ETF-2019-Capital-Gain-Estimate.pdf Apparently the early issue with SLYV has been fixed. My prediction is if holding without doing any tax loss harvesting, AVUV will be the most tax efficien...
by Gemini
Sat Mar 21, 2020 10:06 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 5577
Views: 619135

Re: [Small Cap Value heads Rejoice !!!]

MotoTrojan wrote: Sat Mar 21, 2020 9:23 am
Gemini wrote: Sat Mar 21, 2020 9:20 am For a taxable account, is there one ETF better than others for SCV? I am leaning towards AVUV.
The fear with a new ETF would be capital gains distributions. SLYV is one of the oldest of its trio and up until recently even it distributed some while VIOV/IJS did not.

VIOV is probably the safest bet.
IJS has SMB 0.8 and HML 0.39

Any data on AVUV? Also, is it possible to predict from the prospectus whether capital gains will occur?
by Gemini
Sat Mar 21, 2020 9:20 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 5577
Views: 619135

Re: [Small Cap Value heads Rejoice !!!]

For a taxable account, is there one ETF better than others for SCV? I am leaning towards AVUV.
by Gemini
Tue Mar 17, 2020 7:38 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 5577
Views: 619135

Re: [Small Cap Value heads Rejoice !!!]

What is everyone's choice for US SCV? I am between IJS and AVUV

Interestingly there is only 25% fund overlap between the 2
by Gemini
Sat Mar 07, 2020 4:44 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1970885

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Europe is already feeling the effect of this -- they're literally running out of vault space to put the cash so they don't need to invest it at negative interest rates. (https://www.bloomberg.com/news/articles/2020-01-31/german-banks-are-hoarding-so-many-euros-they-need-more-vaults) The other thing to remember is that because of inflation, the real return in a 1% interest market is already negative, and people haven't stopped buying bonds so there isn't a reason for that to change when the nominal rate goes negative too. Cash itself has a carrying cost (physical space, security, liquidity) so you'll likely need sustained negative rates of -.5% or -1% before it's worth companies considering holding physical cash over bonds. I understand tha...
by Gemini
Sat Mar 07, 2020 12:58 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1970885

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Do you think that if short term treasuries became nominally negative that bank accounts would start charging a fee as well? If not, then individuals looking for safety, although maybe not institutions, might just park their cash in a bank account. Savings accounts in the EU already have negative rates, for large customers. I'm not sure how much more stress the system can endure before rates become negative for all customers. I don't understand why some people think that yields can't go negative. They clearly can. There are limits to how low the yields can go before people start hoarding cash, but that limit isn't at 0%. Europe is already feeling the effect of this -- they're literally running out of vault space to put the cash so they don'...
by Gemini
Thu Feb 27, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008379

Re: Fidelity as a one stop shop

I am in a a common law property state. When opening a joint account with my spouse, which option should I choose?

Joint with Rights of Survivorship (JWROS)
In the event of death of either owner of this joint account, full ownership will be transferred to the other owner.

VS

Joint Tenants in Common (JTIC)
This joint account provides equal (50/50) share ownership of the account. In the event of death of either owner, his or her 50% share will be left to his or her estate.
by Gemini
Mon Feb 24, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008379

Re: Fidelity as a one stop shop

So, if one has enough assets (I am not sure how much though - can someone clarify?), one does not need the CMA. Everything a CMA does can be done via a brokerage account. Is all of this correct? A brokerage account also has a debit card? Any reason to open two brokerage accounts for fraud purposes etc? Correct. The only thing a brokerage doesn't provide without sufficient assets is the ATM fee reimbursements. I opened a CMA to use strictly for ATM withdrawals, not to get the reimbursements (since I qualify for them in my brokerage), but to isolate use of the ATM/debit card to an account in which I keep only enough money for the occasional ATM withdrawal. I don't even have a debit card for the brokerage, and do all other cash management wit...
by Gemini
Sun Feb 23, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008379

Re: Fidelity as a one stop shop

So, if one has enough assets (I am not sure how much though - can someone clarify?), one does not need the CMA. Everything a CMA does can be done via a brokerage account. Is all of this correct? A brokerage account also has a debit card? Any reason to open two brokerage accounts for fraud purposes etc?
by Gemini
Fri Feb 21, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008379

Re: Fidelity as a one stop shop

Can one write checks from a brokerage account i.e. NOT CMA?
by Gemini
Thu Feb 20, 2020 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008379

Re: Fidelity as a one stop shop

Are most people using the $0 CMA + brokerage overdraft option? What happens if the CMA debit card is stolen and large purchase made? Would Fido liquidate investments from the brokerage account to cover? Can you write a check from the CMA if the account has $0 in it? Would Fido auto liquidate from the brokerage account to cover a check? Hard to say what "most people" are doing. I'm not sure what you mean by the "brokerage overdraft option". I just use the CMA account, which is itself a brokerage account, and keep all the cash in a high-yielding money-market fund rather than the bank sweep. Technically that is using "overdraft", but I'm not using a separate brokerage account. To answer your question, when you ke...
by Gemini
Wed Feb 19, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008379

Re: Fidelity as a one stop shop

Are most people using the $0 CMA + brokerage overdraft option?

What happens if the CMA debit card is stolen and large purchase made? Would Fido liquidate investments from the brokerage account to cover?

Can you write a check from the CMA if the account has $0 in it? Would Fido auto liquidate from the brokerage account to cover a check?
by Gemini
Sat Feb 15, 2020 1:50 pm
Forum: Investing - Theory, News & General
Topic: What to pair with NTSX?
Replies: 259
Views: 39009

Re: What to pair with NTSX?

If one wanted to be 100% equities with 50% INTL and SCV tilt, what are some suggestions for pairing with NTSX?
by Gemini
Sat Feb 15, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008379

Re: Fidelity as a one stop shop

Does Fidelity offer Zelle? They don't as Fidelity isn't a bank. Zelle was created by a group of the larger US banks to compete with Venmo. You can apparently connect Fidelity directly to Paypal (who owns Venmo) but I haven't done it. Even if Fidelity supported Zelle, I probably wouldn't do it; at least not with my main CMA account. I still keep my Capital One-ING account specifically for Venmo/Zelle/Paypal. I can only push/pull money from Fido to Cap One and just keep a few hundred there to cover any payments. My group of friends uses Venmo all the time as it's very convienent. Zelle is nice too but I believe most banks still only let you send and not request money. Hmm okay. An optiont would be to still keep the USAA and just keep a few g...
by Gemini
Thu Feb 13, 2020 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: $2-2.5M House?
Replies: 80
Views: 10529

Re: $2-2.5M House?

Why do people think OP is in AZ or Phoenix?
by Gemini
Thu Feb 13, 2020 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008379

Re: Fidelity as a one stop shop

muffins14 wrote: Thu Feb 13, 2020 10:22 pm
Gemini wrote: Thu Feb 13, 2020 10:16 pm Does Fidelity offer Zelle?
Is venmo a reasonable alternative?
Maybe. Is it free?

I currently have USAA, where everything is basically free ie checks/atm and it has Zelle, which I use weekly.
by Gemini
Thu Feb 13, 2020 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008379

Re: Fidelity as a one stop shop

Does Fidelity offer Zelle?
by Gemini
Wed Feb 12, 2020 8:24 pm
Forum: Investing - Theory, News & General
Topic: What is the highest expense ratio you willingly pay?
Replies: 177
Views: 19797

Re: What is the highest expense ratio you willingly pay?

5 and 56/44 if I could get into Medallion
by Gemini
Sun Jan 26, 2020 7:11 pm
Forum: Investing - Theory, News & General
Topic: [Deleted] [Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund]
Replies: 652
Views: 85782

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

I wonder why Fidelity does not offer PSLDX on its platform If you want something like PSLDX without actually buying it (it's fairly restricted at many brokers)....a 34/66 mix of UPRO/EDV tracks it fairly, kinda well (if frequently rebalanced) https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2019&lastMonth=12&calendarAligned=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&showYield=false&reinvestDividends=true&symbol1=UPRO&allocation1_1=34&symbol2=EDV&allocation2_1=66&...
by Gemini
Wed Jan 15, 2020 10:23 pm
Forum: Investing - Theory, News & General
Topic: [Deleted] [Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund]
Replies: 652
Views: 85782

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

aristotelian wrote: Wed Jan 15, 2020 9:32 pm
Gemini wrote: Tue Jan 14, 2020 10:03 pm I wonder why Fidelity does not offer PSLDX on its platform
Most investors are going to be a little short of the $1M minimum investment.
At Schwab, it is 100K

https://www.schwab.com/public/schwab/in ... ol%3dPSLDX
by Gemini
Tue Jan 14, 2020 10:03 pm
Forum: Investing - Theory, News & General
Topic: [Deleted] [Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund]
Replies: 652
Views: 85782

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

I wonder why Fidelity does not offer PSLDX on its platform
by Gemini
Sat Jan 11, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: Are Stocks Overvalued? A Survey of Equity Valuation Models
Replies: 253
Views: 25467

Re: Are Stocks Overvalued? A Survey of Equity Valuation Models

Thanks - just wasn't sure how they usually work
by Gemini
Sat Jan 11, 2020 10:06 am
Forum: Investing - Theory, News & General
Topic: [Deleted] [Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund]
Replies: 652
Views: 85782

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

I have a naive question. If one decides to buy this fund according to their stock/bond AA, will $100 of NTSX count as $90 of stock and $60 of bonds (= $150 total)? Thanks. I consider it as: $90 of stock and $60 of intermediate term treasuries and -$50 cash (which cancels any money market or TBills i have). Another way: $90 stock, $10 bonds (but very very long term bonds, probably around 60 year effective duration) This fund makes me grin when I consider the threads where people proudly claim they would never own 0% bonds, that it doesn't make sense to own 0% bonds, etc. Due to offsetting short position in cash due to the way the leverage is accomplished in this fund, people who own this fund are buying something that acts much like a 60 ye...
by Gemini
Sat Jan 11, 2020 9:48 am
Forum: Investing - Theory, News & General
Topic: Are Stocks Overvalued? A Survey of Equity Valuation Models
Replies: 253
Views: 25467

Re: Are Stocks Overvalued? A Survey of Equity Valuation Models

The Hussman mention is interesting. Here's his latest post about it. https://www.hussmanfunds.com/comment/mc191230/ This guy is relentless in his pessimism. I skimmed the article and it looks like he's using price to sales as a valuation metric, and basing his entire overvaluation thesis on its mean reversion :oops: Looking at data from the 80s and comparing it to today isn't going to give you accurate data. For one, the use of technology and software have changed gross profit margins. Companies that sell technology solutions at lower incremental cost are worth more than traditional manufacturing companies, as. each dollar of revenue nets higher profit. Then he uses mean reversion in this PS ratio multiplied by the GDP growth to determine ...
by Gemini
Fri Jan 10, 2020 3:29 pm
Forum: Personal Investments
Topic: Taxable account strategies for high tax brackets
Replies: 29
Views: 5404

Re: Taxable account strategies for high tax brackets

How is NTSX or the RAFI index ETFs for a taxable base fund? How do you find out what the yield is for a fund annually?
by Gemini
Fri Jan 03, 2020 4:40 pm
Forum: Investing - Theory, News & General
Topic: [Deleted] [Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund]
Replies: 652
Views: 85782

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

For all those considering a purchase, where are you making room for this or are you just planning to add future dollars in a taxable?
by Gemini
Fri Jan 03, 2020 3:18 pm
Forum: Investing - Theory, News & General
Topic: [Not a bad choice for your EM equity exposure (EYLD)]
Replies: 56
Views: 6379

Re: Not a bad choice for your EM equity exposure (EYLD)

How does this compare to EWX or DGS?

Expense ratios are about the same for all three.
by Gemini
Tue Dec 24, 2019 3:58 pm
Forum: Personal Investments
Topic: VTIAX and emerging markets
Replies: 28
Views: 3171

Re: VTIAX and emerging markets

MotoTrojan wrote: Tue Dec 24, 2019 12:32 pm No, Total Int. Market is all you need. I personally now tilt small-value Internationally (by tilt I mean almost all of it) and those funds do not include emerging markets so I’m quite underweight. Doesn’t bother me, and one could argue I’m more diversified this way than holding Total International only.
Why Intl SCV as opposed to EM? Factor exposure? Slim picking for Intl SCV - I use DGS
by Gemini
Sat Dec 21, 2019 7:20 pm
Forum: Personal Investments
Topic: Taxable account strategies for high tax brackets
Replies: 29
Views: 5404

Re: Taxable account strategies for high tax brackets

Thanks for the tips.

Some additional info : living in NJ with work both in NJ and NY. Our retirement accounts are all a mix of international and domestic equities. Plan is 100% equities for now. After researching some more, it appears it would be best to keep any international or SCV in the retirement accounts and build up taxable with US, until time to re-balance.

Would VFMF work as a "forever" hold from a tax standpoint?
by Gemini
Wed Dec 18, 2019 1:59 pm
Forum: Personal Investments
Topic: Taxable account strategies for high tax brackets
Replies: 29
Views: 5404

Taxable account strategies for high tax brackets

My 2018 marginal tax bracket was 37% federal, 5% NJ and 2.6% NY, which is awful.

Please share strategies for taxable

1. Low Dividend Yield funds - vanguard has some. What are your favorite?

2. Separately Managed Accounts - fidelity has some at about 35bps
Some info : http://kovackadvisors.com/ka/Presentati ... %20you.pdf

What else?
by Gemini
Sat Dec 14, 2019 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Megabackdoor Roth - TFB worksheet question and all in Roth?
Replies: 21
Views: 2215

Re: Megabackdoor Roth - TFB worksheet question and all in Roth?

Did some math and my marginal tax rate was 44.6% for 2018, with 37% of that federal :annoyed
by Gemini
Sat Dec 14, 2019 9:56 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1970885

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Do you still think 43/57 UPRO/EDV is the right mix? From the last EDV peak in June-Aug 2012 ($135) - Portfolio Visualizer suggests 52/48 or even 65/35. Suggests it for what criteria? Any optimization that only looks at an equity bull will skew towards equity. I liked it, but there are many options and justifications, but only looking at the last decade is a bad start. Your objection basically amounts to, “I don’t like this because it’s making too much money” I have no idea what you’re talking about. I don't have a clue either. Like Moto I'm putting my faith into diversified SCV tilts. The more I put into this (hedgefundie adventure), the less I can put into funds such as SLYV/VIOV, ISCF or AVDV, or VFMF. I also have no desire to be > 100% ...
by Gemini
Sat Dec 14, 2019 9:53 pm
Forum: Personal Investments
Topic: 2020 Plan for $45,000,000 in 2045
Replies: 81
Views: 16278

Re: 2020 Plan for $45,000,000 in 2045

I still can't figure what is OP's income. Can some clarify?
by Gemini
Fri Dec 13, 2019 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Switching TIN middle of year and taxes
Replies: 0
Views: 274

Switching TIN middle of year and taxes

We formed a S Corp sometime in Feb/March 2019. Prior, we had a partnership. Prior to establishment for the S Corp, payments from vendors were made under the Partnership TIN.

Is it possible/allowed for the vendors to switch ALL of the payments to the S Corp TIN? This would obviate the need for a tax return for the Partnership and minimize the 1099 forms.
by Gemini
Wed Dec 11, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Megabackdoor Roth - TFB worksheet question and all in Roth?
Replies: 21
Views: 2215

Re: Megabackdoor Roth - TFB worksheet question and all in Roth?

Spirit Rider wrote: Tue Dec 10, 2019 10:46 pm I came up with some rough W-2 wages for the two of you on $500K in business profits. Prioritizing employer contributions: $136K each with $34K in employer contributions and $22K in employee after-tax contributions. Prioritizing employee after-tax contributions: $160K each with $56K in employee after-tax contributions. These are both with distributions ~= 50% of W-2 wages to optimize the QBI deduction. They are good starting points to plan what ifs. I didn't factor in any Medicare surtax if applicable.
Thanks I will play around and see what makes sense. The SS employer 6.2% tax sucks as it cannot be recouped.

Are the employER contributions to a solo 401K considered an expense and deductible?
by Gemini
Tue Dec 10, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Megabackdoor Roth - TFB worksheet question and all in Roth?
Replies: 21
Views: 2215

Re: Megabackdoor Roth - TFB worksheet question and all in Roth?

So I ran numbers at the extreme i.e. 500K combined salary and this is what I come up with:

Payroll taxes on 500K salary split between us :

SS employer only : 132,900x6.2% = 8,239
Medicare both employee and employer : 2.9% x 500000 = 14,500
Surtax employee: 0.9%x500000 = 4,500
Total about 27,250