Search found 71 matches

by ParlayBogle
Sat Jul 20, 2019 8:31 am
Forum: Non-US Investing
Topic: Cheapest place to sell stock on Australian Securities Exchange?
Replies: 2
Views: 247

Cheapest place to sell stock on Australian Securities Exchange?

As an employee of an Australian company, I receive approximately $5k USD worth of shares of my employer per year. The service that my company uses charges semi-exorbitant transaction fees. Selling shares costs either $77 or 0.77% of the transaction size -- whichever is greater. They also charge $55 ...
by ParlayBogle
Wed Mar 20, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Beta Vanguard APP
Replies: 61
Views: 5042

Vanguard beta app email - legit or phishing?

[Thread merged into here, see below. --admin LadyGeek]

Address is from a domain called 'e-vanguard.com'.

Image
by ParlayBogle
Fri Feb 08, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction Filing In Georgia (GA)
Replies: 9
Views: 586

Re: Standard Deduction Filing In Georgia (GA)

Thank you guys very much. From my research, that's what I was seeing as well. Just wanted to confirm. I was also able to confirm this with a CPA in Athens, GA as well. This is a tough one to swallow. My wife and I work for a county school system in GA and we have two small children (2 & 3 years old...
by ParlayBogle
Tue Feb 05, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction Filing In Georgia (GA)
Replies: 9
Views: 586

Re: Standard Deduction Filing In Georgia (GA)

Yes, you are indeed screwed, as you must take the same deduction choice on both returns.

Rather than simply fix this issue by allowing you to choose, they cut the top rate from 6 to 5.5%. This helps high earners and hurts someone like you.
by ParlayBogle
Mon Feb 04, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Saying hello and hoping for guidance
Replies: 95
Views: 5467

Re: Saying hello and hoping for guidance

I've considered both sides of the school issue and did decide to go to the school myself and speak to administration. They were very kind and seem very accommodating. My husband hasn't been able to visit yet but once he goes and we agree I do think we are going to at least try public school with th...
by ParlayBogle
Sun Feb 03, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Saying hello and hoping for guidance
Replies: 95
Views: 5467

Re: Saying hello and hoping for guidance

The reason for private school is the public schools in my district are awful. I just quickly looked at the reading efficiency percentage at the local elementary school and it's at 26%. A low <educational metric> does not mean that the school is "awful". It means that the students attending the scho...
by ParlayBogle
Wed Jan 30, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Saying hello and hoping for guidance
Replies: 95
Views: 5467

Re: Saying hello and hoping for guidance

The reason for private school is the public schools in my district are awful. I just quickly looked at the reading efficiency percentage at the local elementary school and it's at 26%. A low <educational metric> does not mean that the school is "awful". It means that the students attending the scho...
by ParlayBogle
Thu Jan 17, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra on mortgage - what am I missing?
Replies: 70
Views: 7442

Re: Paying extra on mortgage - what am I missing?

Because 22 years isn't correct.

I calculate a ~$1400/mo. payment on a $300k loan at 3.875%. That same payment applied to a $200k loan pays it off in 15-16 yrs.
by ParlayBogle
Sun Jan 06, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is it appropriate to take deduction for donating items belonging to deceased?
Replies: 8
Views: 1048

Is it appropriate to take deduction for donating items belonging to deceased?

Scenario: * Mother passes away in 2018 with three beneficiaries * Mother's 2018 tax return and two of the beneficiaries will claim standard deduction * Third beneficiary will itemize deductions * Two beneficiaries agree to provide itemizing beneficiary with all non-wanted donate-able items belonging...
by ParlayBogle
Wed Dec 12, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Received IRS letter - be proactive or sit back?
Replies: 25
Views: 3138

Re: Received IRS letter - be proactive or sit back?

To be clear, the letter is very clear that if you feel you are in the right, then you should *do nothing*. I'm curious whether any of you would disregard this and go out of your way to move it up the chain at the IRS rather than waiting for the next letter.
by ParlayBogle
Wed Dec 12, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Received IRS letter - be proactive or sit back?
Replies: 25
Views: 3138

Received IRS letter - be proactive or sit back?

Background: My wife (we married in 2014) was divorced in 2011 and from 2011-2016 she shared 50/50 physical custody of two kids with her ex-husband, and she had a handshake agreement with him that she would claim one dependent, and he would claim the other. In 2017, we went through an acrimonious chi...
by ParlayBogle
Wed Nov 28, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: Bonds in tIRA or Inherited tIRA?
Replies: 4
Views: 288

Re: Bonds in tIRA or Inherited tIRA?

ah yes.. new job for me, promotion for the wife, plus my wife won an election in Nov. and that pays a bit as well

:sharebeer
by ParlayBogle
Wed Nov 28, 2018 10:33 am
Forum: Investing - Theory, News & General
Topic: Bonds in tIRA or Inherited tIRA?
Replies: 4
Views: 288

Re: Bonds in tIRA or Inherited tIRA?

Interesting point about withdrawing more quickly. I don't believe it would make sense in my situation, but here are my particulars: Married filing jointly w/ marginal tax bracket 22% federal, 5.5% state We are able to max out HSA, two 401k, two Roth. We don't have much left over after doing all that...
by ParlayBogle
Wed Nov 28, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: Bonds in tIRA or Inherited tIRA?
Replies: 4
Views: 288

Bonds in tIRA or Inherited tIRA?

I have both a tIRA and inherited tIRA. In the inherited tIRA, I am currently forced to withdraw 2-3% of balance each year due to RMD. This will increase over time. For my bond allocation, am I better to put them in the inherited tIRA because of RMD? I guess my thinking is that the tIRA will be able ...
by ParlayBogle
Tue Oct 30, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Care FSA Question
Replies: 5
Views: 393

Re: Dependent Care FSA Question

I don't think you can use Dependent Care FSA in your scenario.
by ParlayBogle
Fri Oct 19, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Kids inherited $8,000 each - 529 or regular brokerage?
Replies: 34
Views: 2498

Re: Kids inherited $8,000 each - 529 or regular brokerage?

Thanks for all the replies. At this point I'm considering just splitting the baby. Put $4k into their existing Vanguard UTMAs (which each have about $1k already), and $4k into a custodial 529.
by ParlayBogle
Thu Oct 18, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Kids inherited $8,000 each - 529 or regular brokerage?
Replies: 34
Views: 2498

Re: Kids inherited $8,000 each - 529 or regular brokerage?

Putting the $ in my own name is not something I'm willing to do, even if it's optimal. It's their money, and I cannot just appropriate it.
by ParlayBogle
Thu Oct 18, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Kids inherited $8,000 each - 529 or regular brokerage?
Replies: 34
Views: 2498

Re: Kids inherited $8,000 each - 529 or regular brokerage?

In particular have you asked your 12 year old what he or she would like to do with the money? I think other posters (including me) are getting a whiff that you’re just treating this money as your own because you are talking about how to invest it, and in particular in a vehicle that essentially loc...
by ParlayBogle
Thu Oct 18, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Kids inherited $8,000 each - 529 or regular brokerage?
Replies: 34
Views: 2498

Re: Kids inherited $8,000 each - 529 or regular brokerage?

I think this is a very valid statement. It's not your money, it was a gift to your children. Obviously, they're not of an age where I'd be handing them complete control of it, but they're old enough to start a dialog. Talk to them about the individual who gifted them this, how can they honor that p...
by ParlayBogle
Thu Oct 18, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Kids inherited $8,000 each - 529 or regular brokerage?
Replies: 34
Views: 2498

Re: Kids inherited $8,000 each - 529 or regular brokerage?

I don’t recognize the term “custodial 529”. A 529 plan incurs no tax on earnings if the proceeds are utilized for legitimate college expenses ( tuition, fees, room & board, etc.) It's their money. If I open up a 529, they are the owners of the accounts. Because they are minors, there would need to ...
by ParlayBogle
Wed Oct 17, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Kids inherited $8,000 each - 529 or regular brokerage?
Replies: 34
Views: 2498

Kids inherited $8,000 each - 529 or regular brokerage?

My minor kids (8 & 12), inherited $8,000 each. My first instinct was to put into a custodial 529, as they are both likely to go to college and can enjoy the tax free growth. However, my understanding of how a regular custodial brokerage works with the new tax law is that as long as I tax gain harves...
by ParlayBogle
Wed Sep 26, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone else noticed that HDHP are actually better for those needing expensive Rx?
Replies: 18
Views: 2512

Re: Has anyone else noticed that HDHP are actually better for those needing expensive Rx?

I'd caution you about that last part with the drug company absorbing their entire ded and OOP. That is the way it works most often currently but only because the PBM's aren't sharp enough to only pick up the true cash spent by the employee in their ded and OOP build. Employers want this, as the int...
by ParlayBogle
Wed Sep 26, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone else noticed that HDHP are actually better for those needing expensive Rx?
Replies: 18
Views: 2512

Has anyone else noticed that HDHP are actually better for those needing expensive Rx?

Many employees have the option of either a cheap(er) HDHP plan with something like a $3,000 deductible that also applies to prescriptions (meaning you have to pay 100% up to the deductible) OR a more expensive plan where you pay co-pays for prescriptions. Many of the big name autoimmune drugs have s...
by ParlayBogle
Thu Sep 20, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: New [Vanguard] environmental, social, governance (ESG) ETFs
Replies: 25
Views: 2721

Re: New environmental, social, governance (ESG) funds

Vanguard launched two new environmental, social, and governance (ESG) funds on Tuesday. Vanguard ESG U.S. Stock ETF (ESGV) Vanguard ESG International Stock ETF (VSGX) filing announcement (6-27-18) https://pressroom.vanguard.com/news/Press-Release-Vanguard-Files-For-Two-New-ESG-ETFS-06272018.html Va...
by ParlayBogle
Wed Jul 18, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: 529 beneficiary transfer question
Replies: 8
Views: 670

Re: 529 beneficiary transfer question

So it doesn't matter that my step children and the original beneficiary (my cousin) are basically not at all related? You are able to just continue making step-wise beneficiary changes further and further away from the original beneficiary?
by ParlayBogle
Wed Jul 18, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: 529 beneficiary transfer question
Replies: 8
Views: 670

Re: 529 beneficiary transfer question

Also curious whether the answer changes for step-great-grandchildren.
by ParlayBogle
Wed Jul 18, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: 529 beneficiary transfer question
Replies: 8
Views: 670

529 beneficiary transfer question

My grandfather owns a 529 account with $60k in it for the benefit of my cousin who has no plans to use the funds. Ultimately, we would like to figure out if the money could be used for the benefit of *my* children (his great-grand children), but it seems like the rules do not allow this to be done d...
by ParlayBogle
Fri Apr 20, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Can I take state tax deduction for UTMA 529 plan?
Replies: 4
Views: 444

Re: Can I take state tax deduction for UTMA 529 plan?

Well I couldn't use *their* money in any way that violates the rules of being a custodian for their money. These rules seem fairly easy to break.
by ParlayBogle
Fri Apr 20, 2018 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Can I take state tax deduction for UTMA 529 plan?
Replies: 4
Views: 444

Can I take state tax deduction for UTMA 529 plan?

I realize this is a very specific question, but perhaps someone knows or can point me in the right direction. I am in the state of Georgia, which allows a $4,000 annual state income tax deduction for 529 contributions per beneficiary. We have been using this for several years. This year, my two sons...
by ParlayBogle
Thu Apr 19, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Tax-efficient way of distributing company stock through probate?
Replies: 3
Views: 501

Tax-efficient way of distributing company stock through probate?

My wife is the executor of a will with three named beneficiaries - her and her two sisters. Her deceased mother owned Disney stock through the company's employee purchase plan. There is not a named beneficiary on the account, so it would go through probate and then distributed. Does it make any diff...
by ParlayBogle
Mon Mar 19, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Excess social security tax withheld from one employer
Replies: 8
Views: 520

Re: Excess social security tax withheld from one employer

Not sure how it can be handled 'informally' since if his employer refunds him the money, now the employer is the one dealing with the IRS to get their share back.
by ParlayBogle
Mon Feb 05, 2018 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Possible to recharacterize Roth *contribution*?
Replies: 3
Views: 407

Re: Possible to recharacterize Roth *contribution*?

Thank you. I intend to use to tax software to determine the deductibility cap. I am in the phase out zone.
by ParlayBogle
Mon Feb 05, 2018 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Possible to recharacterize Roth *contribution*?
Replies: 3
Views: 407

Possible to recharacterize Roth *contribution*?

Is it possible to recharacterize a Roth contribution to traditional if it is for the 2017 tax year but the contribution was made in 2018?
by ParlayBogle
Sat Dec 09, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for filling out 15% bracket
Replies: 2
Views: 863

Strategy for filling out 15% bracket

According to my tax projections, I am going to be filing at the 15% marginal federal rate with around ~$1,000 to spare. I'm considering either harvesting long term taxable gains in my after-tax brokerage to take advantage of the 0% LTCG rate, or doing a Roth conversion for same. One benefit of the R...
by ParlayBogle
Tue Dec 05, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan? (Federal->Private)
Replies: 6
Views: 1036

Refinance student loan? (Federal->Private)

Wife has $11.8k in Federal student loans at 6.25%. She's on a flat repayment plan of $143/mo which puts her payoff in about 8.5 years. We looked at Sofi.com last night and she got an offer to refinance into a 5 year at 4.5% which makes her payment about $210/mo. As I understand, the only downside is...
by ParlayBogle
Mon Nov 27, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning question (should we add beneficiaries to savings account?)
Replies: 33
Views: 2628

Re: Estate planning question (should we add beneficiaries to savings account?)

I am thinking more in the line of the bank account and not the IRA. In VA probate is only 10 bps on an asset of that size (the bank account), so the probate cost is not than significant when compared to potential control issues with the sisters. The concern is that the OP's wife needs funds to main...
by ParlayBogle
Mon Nov 27, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning question (should we add beneficiaries to savings account?)
Replies: 33
Views: 2628

Re: Estate planning question (should we add beneficiaries to savings account?)

Bad idea to distribute the IRAs immediately unless immediate bills make that necessary. Separate inherited IRA accounts should normally be created for each beneficiary. The inherited IRAs can then be stretched over the life expectancy of each beneficiary. That continues tax deferral and eliminates ...
by ParlayBogle
Mon Nov 27, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning question (should we add beneficiaries to savings account?)
Replies: 33
Views: 2628

Estate planning question (should we add beneficiaries to savings account?)

My mother-in-law is rather sick and may not live much longer. My wife is the most responsible of her three daughters and is intended executrix of her will. The other two sisters are also looking to my wife to assist with getting things set up properly prior to their mother's passing. My wife, in tur...
by ParlayBogle
Tue Oct 04, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Question about double-dipping 529 and Lifetime Learning
Replies: 2
Views: 523

Re: Question about double-dipping 529 and Lifetime Learning

I live in a state that allows me to deduct 529 contributions against state income tax (GA). Is it possible to use the Lifetime Learning for federal taxes and not lose the deductibility of principle at the state level for the 529?
by ParlayBogle
Tue Oct 04, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Question about double-dipping 529 and Lifetime Learning
Replies: 2
Views: 523

Question about double-dipping 529 and Lifetime Learning

I understand that you cannot double dip 529 and the Lifetime Learning credit, but does this rule only apply to the *earnings* derived from a 529 plan or the principal as well? For example: $2,000 in expenses $2,000 in 529 withdrawal ($1,800 in original principal, and $200 in tax-free earnings) Would...
by ParlayBogle
Sat Jan 30, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax calculation of Social Security over-withholding
Replies: 2
Views: 455

Re: TurboTax calculation of Social Security over-withholding

Actually the max for 2014 was $7,347. Disregard..
by ParlayBogle
Sat Jan 30, 2016 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax calculation of Social Security over-withholding
Replies: 2
Views: 455

TurboTax calculation of Social Security over-withholding

Last year I had two W-2s. Total social security withholding was $8,455. From what I can tell, the max withholding is only $7,254. Difference is $1201. On line 71 of my TurboTax generated 1040, "Excess social security and tier 1 RRTA tax withhelding", the number is only $1,108. Is there something I a...
by ParlayBogle
Tue Sep 08, 2015 7:24 am
Forum: Investing - Theory, News & General
Topic: Anyone with back-testing software to help settle a wager?
Replies: 16
Views: 1697

Re: Anyone with back-testing software to help settle a wager?

I agree it was poorly defined. Let me provide a better defined, and substantially different rule. Someone probably will need some good software tool to be able to do this without a lot of work. a. Buy S&P 500 b. Sell entire holding anytime the S&P is down 10% within the prior five trading days. c. B...
by ParlayBogle
Sun Sep 06, 2015 2:25 pm
Forum: Investing - Theory, News & General
Topic: Anyone with back-testing software to help settle a wager?
Replies: 16
Views: 1697

Re: Anyone with back-testing software to help settle a wager?

Can you provide the raw data? Like when the trades are triggered, etc.
by ParlayBogle
Sun Sep 06, 2015 12:52 pm
Forum: Investing - Theory, News & General
Topic: Anyone with back-testing software to help settle a wager?
Replies: 16
Views: 1697

Re: Anyone with back-testing software to help settle a wager?

Awesome thanks. What tool are you using to create the analysis?
by ParlayBogle
Sun Sep 06, 2015 9:10 am
Forum: Investing - Theory, News & General
Topic: Anyone with back-testing software to help settle a wager?
Replies: 16
Views: 1697

Anyone with back-testing software to help settle a wager?

Compare the following two strategies for S&P 500 1. a. Buy and Hold 2. a. Buy b. If S&P drops by 10% you sell entire holding c. When S&P recovers by 5% you buy back entire holding d. Repeat Ignore transaction costs and taxes. Compare strategies for three arbitrary dates to present day: Jan 1 1970, J...
by ParlayBogle
Sat Feb 07, 2015 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: 2014 foreclosure, full credit sale, need form 982?
Replies: 0
Views: 312

2014 foreclosure, full credit sale, need form 982?

My principle residence was foreclosed on in 2014. The bank performed a "full credit bid" at auction meaning they bid the exact amount owed on the property along with any fees. My understanding is that this would make a 1099-c irrelevant because the property was sold at a value equal to the debt owed...
by ParlayBogle
Sun Mar 09, 2014 10:52 am
Forum: Personal Finance (Not Investing)
Topic: 401 match (poll)
Replies: 33
Views: 2907

Re: 401 match (poll)

I would prefer to have the option of deciding where to put my bonus, so I would not consider it awesome to have it put automatically in my 401(k).
by ParlayBogle
Mon Jun 17, 2013 1:55 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth says CD's
Replies: 55
Views: 6908

Re: Allan Roth says CD's

2) For the investor with a large 401k , moving the bonds therein to bank CDs (via an IRA) is a huge logistical move, which takes away the availability of institutional-class bond funds, has legal consequences, and (importantly) removes the ability to do backdoor Roth contributions . If fixed income...