Search found 3071 matches

by Artsdoctor
Mon Jan 15, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Money Chimp has a Tax Calculator that figures QDI for Tax year 2018
Replies: 11
Views: 1524

Re: Money Chimp has a Tax Calculator that figures QDI for Tax year 2018

Seems pretty straightforward, at least for ballpark calculations.
by Artsdoctor
Mon Jan 15, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 88
Views: 11119

Re: IRS announces new withholding tables for 2018

Just remember that there is no W-4 for 2018 available yet. The IRS is recommending that taxpayers use a calculator to fill out the 2018 W-4 when it becomes available. Of course, the calculator is supposed to be available after the W-4 forms are available . . .
by Artsdoctor
Sat Jan 13, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 88
Views: 11119

Re: IRS announces new withholding tables for 2018

I believe the IRS has warned that the tables may not be accurate and it will be up to employees to double-check the math. The way to double-check the math, does not yet exist, but perhaps it will in the near future. https://www.washingtonpost.com/business/economy/new-tax-guidelines-rely-on-workers-t...
by Artsdoctor
Thu Jan 11, 2018 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12169

Re: Is it time for me to "call in rich"?

^ You don’t need a specific plan. Changing gears from a career to “retirement” at a relatively young age is a significant life switch. There’s a big difference between saying “I’ve always wanted to spend more time pursuing my interests in X” rather than “I’ve had it with my job, anything is better t...
by Artsdoctor
Thu Jan 11, 2018 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12169

Re: Is it time for me to "call in rich"?

Generally, I’d think that “retiring” far younger than most without any plan would be more challenging than enjoyable. Finances are not the concern, but are there any outside interests at all? You don’t need a full schedule but having a vague idea of what interests you would be helpful.
by Artsdoctor
Tue Jan 09, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing question
Replies: 3
Views: 450

Re: Rebalancing question

Why does it ever make sense to rebalance a porfolio given that it can trigger gigantic tax liabilities especially if you are in a higher income bracket? I live in CA and cap gains are treated as ordinary income. My marginal state tax rate is 9.3% and Fed LTCG rate would be 20% for a combined rate o...
by Artsdoctor
Sat Jan 06, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Good choice for money in brokerage account needed within 6 to 9 months?
Replies: 9
Views: 708

Re: Good choice for money in brokerage account needed within 6 to 9 months?

Randomizer, I think you're making contradictory statements. You'd like something secure but you wouldn't mind losing 1-2%--in a 6-month investment. Losing 2% in a "secure" investment within 6 months is not a reasonable option. If you want a 6-month T-bill which you can buy through your brokerage acc...
by Artsdoctor
Sat Jan 06, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: state-specific basis track for premium treasuries?
Replies: 16
Views: 474

Re: state-specific basis track for premium treasuries?

^ I think that I probably have not been as clear in my points as I should have been. At least the spirit of my comments would be in keeping with what you're thinking. I thought about the handling of HSA accounts (federal versus state). I think that that's a little different in that the federal gover...
by Artsdoctor
Sat Jan 06, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: State tax credits, DAF, itemizing
Replies: 2
Views: 343

Re: State tax credits, DAF, itemizing

This is the way it exists now: https://www.ftb.ca.gov/individuals/College_Access_Tax_Credit.shtml Of course, Sacramento is entertaining creative alternatives for 2018. You can't make the contribution from your DAF. Remember, you've already taken the charitable contribution to your DAF in the year yo...
by Artsdoctor
Sat Jan 06, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: state-specific basis track for premium treasuries?
Replies: 16
Views: 474

Re: state-specific basis track for premium treasuries?

^ Yes, but if the investor chooses not to amortize the premium treasury on the federal return, presumably the bond hasn't been amortized on the state return either. I still think that it would be a very unusual situation that someone would choose to have more income, trading it for a capital loss; h...
by Artsdoctor
Sat Jan 06, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Why not Muni Money Market?
Replies: 41
Views: 3344

Re: Why not Muni Money Market?

Obviously something unusual is going on. The muni mmf should not be yielding more than the prime taxable mmf. This has to be temporary. Perhaps. Traditionally, municipal bonds yielded about 80% of treasuries. When they started yielding more than treasuries, we all thought that was temporary as well...
by Artsdoctor
Sat Jan 06, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: Retire on dividends & pay taxes with principal?
Replies: 10
Views: 1270

Re: Retire on dividends & pay taxes with principal?

Anyone ever think about this and do backtesting to see what its most sensitive to? Idea is to have a steady income so you know the tax load for the future. A risk is matching inflation. Paying taxes from principal is a sinking fund situation - use it, don't lose it to the grave. There are some simi...
by Artsdoctor
Sat Jan 06, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: state-specific basis track for premium treasuries?
Replies: 16
Views: 474

Re: state-specific basis track for premium treasuries?

I don't know if this will help or not: https://govt.westlaw.com/calregs/Document/IC0160EB0D46511DEB97CF67CD0B99467?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default) From California's point of view, the treasury bond is fully tax-exempt since yo...
by Artsdoctor
Fri Jan 05, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: state-specific basis track for premium treasuries?
Replies: 16
Views: 474

Re: state-specific basis track for premium treasuries?

Hypothetical situation here. An owner of a US treasury bond bought at premium elects not to amortize the premium for federal taxation, and is also a resident of a state that taxes capital gains and losses as other income (that is, not at a preferential rate), but is generally in conformity with fed...
by Artsdoctor
Tue Jan 02, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: Individual bonds vs rebalancing two bond funds
Replies: 13
Views: 1265

Re: Individual bonds vs rebalancing two bond funds

Daniel,

Try looking at the Wiki on Bogleheads. Many of your questions can be answered there.

Vanguard also recently did a reasonable discussion on bonds versus bond funds which you might find helpful:

https://investornews.vanguard/bonds-or-bond-funds/
by Artsdoctor
Tue Jan 02, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance without the hassle?
Replies: 25
Views: 2389

Re: Health insurance without the hassle?

To the OP: You'll need to decide where your priorities are. As others have said, Kaiser functions as a self-contained system so if reducing hassle is a priority of yours, then I would seriously consider Kaiser. Other people will place a priority on cost, others on wide-open choice. There will always...
by Artsdoctor
Tue Jan 02, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone know why TD Ameritrade didn't pay the 12/29 BND Dividend ?
Replies: 7
Views: 639

Re: Anyone know why TD Ameritrade didn't pay the 12/29 BND Dividend ?

So you are used to seeing your BND dividend one day after the payable date shown on Vanguard.com when your new shares of BND are bought. Oh for crying out loud... I think it should be obvious that the main curiosity of my post was about the regulatory and tax implications of reporting income in the...
by Artsdoctor
Tue Jan 02, 2018 4:40 pm
Forum: Investing - Theory, News & General
Topic: Bond Returns in 2017
Replies: 16
Views: 1580

Re: Bond Returns in 2017

The Wall Street Journal this morning in its Year-End Review says Vanguard Total Bond Market was up 1.0% and Vanguard Total Int'l Bond up 0.1%. Yet the Vanguard website gives 2017 for Total Bond (VBTLX) as 3.56 with SEC = 2.56 and Total Int'l as 2.39 with SEC as 0.7. I suppose we are seeing differen...
by Artsdoctor
Mon Jan 01, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: HSA - Californians
Replies: 13
Views: 949

Re: HSA - Californians

Also keep in mind that, as many wealthy Californians do, if you move out of state at retirement to a state that recognizes HSAs (which is most states), then qualified withdrawals are both state and federal tax free, and you essentially suffered no tax disadvantage using an HSA all your working life...
by Artsdoctor
Sun Dec 31, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Does donation count for 2017 if donated fund shares do not settle until 2018?
Replies: 35
Views: 1664

Re: Does donation count for 2017 if donated fund shares do not settle until 2018?

In a little different situation I sent my favorite charity a donation to be charged to my credit card. Sent the form on the 23rd. It has not been processed by my credit card company yet. If it is not processed in 2017 can I deduct for my 2017 taxes? I am thinking I may chance it either way since ch...
by Artsdoctor
Sun Dec 31, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Does donation count for 2017 if donated fund shares do not settle until 2018?
Replies: 35
Views: 1664

Re: Does donation count for 2017 if donated fund shares do not settle until 2018?

Please see the clarifications below: https://www.vanguardcharitable.org/resource_center/year_end_giving_information Among other things, Vanguard Charitable is pretty clear on this: *Contributions of securities and mutual funds held at Vanguard entered online with electronic authorization (connecting...
by Artsdoctor
Sat Dec 30, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7068

Re: So, how was the year ? Gains made and Lessons learnt ?

Extremely active year with a tremendous number of challenges. Certainly did not expect the market to provide the gains that it did. I stuck with my investment plans that were set out long ago and did not veer. The outlined plans provided a sense of calm since I really didn't try to second-guess myse...
by Artsdoctor
Sat Dec 30, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: How many years of deductions for a new DAF?
Replies: 17
Views: 1089

Re: How many years of deductions for a new DAF?

This is the OP. I just opened a DAF at Vanguard, and via online transaction donated 5-10 years worth of charitable donations. It puts me further from my financial independence number :( but will be good in the long run. Thanks, gasdoc I'm very impressed that Vanguard would be able to do this after ...
by Artsdoctor
Fri Dec 29, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: How many years of deductions for a new DAF?
Replies: 17
Views: 1089

Re: How many years of deductions for a new DAF?

I am considering what will probably be 7-10 years of deductions, but only because I am considering donating one fund in its entirety that I no longer want to own, but have put off selling due to the capital gains I would incur. Other than the loss of liquidity that was mentioned above, is there a d...
by Artsdoctor
Fri Dec 29, 2017 4:27 pm
Forum: Investing - Theory, News & General
Topic: 2017 tax-loss harvesting
Replies: 13
Views: 1017

Re: 2017 tax-loss harvesting

I just finished tax gain harvesting. So hopefully there will be some losses to harvest in 2018. I sold and rebought VWO today at 45.965, and sold/rebought VTI at 137.62/137.63. SEC fees were about $0.50, so I spend about $2 on tax gain harvesting transaction costs, or about 1bp. Not too bad. I avoi...
by Artsdoctor
Fri Dec 29, 2017 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: muni bonds in taxable
Replies: 2
Views: 416

Re: muni bonds in taxable

The Vanguard calculator will only help you marginally. It fails to take into consideration your state tax (if applicable) and the net investment tax on dividends. The upper limit for the new 24% bracket for MFJ is $315,000 so you may want to individualize your marginal tax rate projections. You also...
by Artsdoctor
Fri Dec 29, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to average 7% in $1M+ 401K for next 10 years
Replies: 29
Views: 2692

Re: Best way to average 7% in $1M+ 401K for next 10 years

I'm 10 years away from retirement. I will meet my savings and income requirements if I can average 7% returns over the next 10 years in my company 401K. Balance today is $1M, and of course I will max contribute, along with good employer match. I need to do 7% on top of this. Right now I'm invested ...
by Artsdoctor
Thu Dec 28, 2017 6:11 pm
Forum: Investing - Theory, News & General
Topic: Donor Advised Funds - Watch the fees
Replies: 7
Views: 775

Re: Donor Advised Funds - Watch the fees

Interesting. Why have two DAF's? Vanguard Charitable for the ease & short turnaround (often same day) for donating appreciated assets held at Vanguard; Fidelity Charitable for the granting flexibility & lower grant minimums. As long as both accounts are above $20K, fees are a wash. Same here. One c...
by Artsdoctor
Thu Dec 28, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: AMT: is it black and white like being pregnant or not?
Replies: 15
Views: 1386

Re: AMT: is it black and white like being pregnant or not?

At any point you're either in the AMT or you're not in the AMT. However, any additional income or deductions can put you into or out of the AMT. For example, suppose you're in the AMT and above the AMT exemption phaseout, so that your AMT rate is 28% and your regular tax rate is 39.6%. You earn add...
by Artsdoctor
Thu Dec 28, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Prepay property tax: California / AMT
Replies: 4
Views: 617

Re: Prepay property tax: California / AMT

It's not clear exactly how CA will deal with the federal cap on SALT deductions. Consider the following: federal schedule A, line 5 is State and local Income or Sales taxes. Line 6 is Real Estate Taxes. Right now, there is no cap on the combined amount but we know that it will be $10k next year. No...
by Artsdoctor
Wed Dec 27, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Spending Dividends vs reinvesting and selling stock
Replies: 7
Views: 1467

Re: Spending Dividends vs reinvesting and selling stock

Hello Everyone. My wife and I were lucky to inherit a stock portfolio a few years back. This forum as well as "The Bogleheads guide to investing" have been great resources for me to learn more about how to properly manage and add to the portfolio. We have been using the dividends as income to suppo...
by Artsdoctor
Wed Dec 27, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 59
Views: 8576

Re: Muni Money Market funds starting to look good!

It definitely pays to do your own math. Everyone's marginal tax rate for investments will be different, depending on federal, NIIT, state, and other changes associated with AGI variability. The figures I'm getting on the back of the envelope are: The Federal Money Market Fund, the default for your b...
by Artsdoctor
Wed Dec 27, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Deducting
Replies: 9
Views: 454

Re: TurboTax Deducting

I don't use Miscellaneous Deductions on Schedule A but there are three categories: 1. Unreimbursed employee expenses (this is where you'd deduct the cost of the Leer jet travel expenses your boss refuses to reimburse you for); 2. Tax preparation fees (including Turbo Tax and the cost of your account...
by Artsdoctor
Wed Dec 27, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down mortgage or invest in munis?
Replies: 11
Views: 1215

Re: Pay down mortgage or invest in munis?

You might want to do your calculations using 2018 numbers. You'll need to know your new marginal tax rate for investment income. If you can't deduct your mortgage interest, then it'll be a pretty straightforward comparison.
by Artsdoctor
Wed Dec 27, 2017 5:59 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 59
Views: 8576

Re: Muni Money Market funds starting to look good!

Those yields still don't look very enticing but they have steadily crept up over the past year to be sure. I'm not sure why the distribution yield and SEC yield are so disparate. The SEC yield is calculated based on the last 7 days so perhaps we're seeing an up-sloping curve. Still, the CA municipal...
by Artsdoctor
Wed Dec 27, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Not Many Tax Loss Harvesting Threads This Year
Replies: 6
Views: 572

Re: Not Many Tax Loss Harvesting Threads This Year

You can always find something if you're contributing regularly . . .

This year it was municipal bond fund shares. But it was pretty meager.
by Artsdoctor
Wed Dec 27, 2017 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: turbotax and accountant don't agree on prepayment of real estate tax
Replies: 12
Views: 954

Re: turbotax and accountant don't agree on prepayment of real estate tax

Unless you can lower your agi by more tax deductible retirement accounts, your amt will increase with additional itemized deductions such as charity or prepaid property tax. I hit the AMT and added property tax to my Turbotax and the AMT rises too! Could your turbotax entries or the accountants dat...
by Artsdoctor
Wed Dec 27, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Deducting
Replies: 9
Views: 454

Re: TurboTax Deducting

^ I also was skeptical that a lot of people use Miscellaneous Deductions. However, with the most recent tax legislation, there have been various studies published listing how many people use a variety of deductions and Miscellaneous Deductions is a lot more common than I would have thought. Unless y...
by Artsdoctor
Wed Dec 27, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund if your tax circumstances will change in the future
Replies: 75
Views: 4999

Re: Donor Advised Fund if your tax circumstances will change in the future

If you're interested in using Vanguard Charitable, these are the dates/deadlines they are posting on their website:

https://www.vanguardcharitable.org/indi ... bution/FAQ
by Artsdoctor
Mon Dec 25, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 109
Views: 7594

Re: Will you donate less to Charity?

For us, it has been a way of rebalancing since the equity markets have been on such a tear. Funny you use the term rebalancing. Are you changing you AA or the investments once they go in the DAF? One aspect I like about donating appreciated stocks to a DAF, besides the tax breaks and diversificatio...
by Artsdoctor
Mon Dec 25, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Cliff dwellers: Don't forget to increase taxable dividend income by foreign taxes paid
Replies: 22
Views: 2267

Re: Cliff dwellers: Don't forget to increase taxable dividend income by foreign taxes paid

I am working on my 2017 tax return so that I do not go above the 15% marginal income tax bracket. I know how much my taxable foreign funds such as VEA and VEU have paid in dividends for 2017, but I only see the net paid AFTER foreign taxes were taken out. As in past years, the foreign taxes paid wi...
by Artsdoctor
Mon Dec 25, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 109
Views: 7594

Re: Will you donate less to Charity?

Money is fungible and one would try to avoid the mental accounting trap you can fall into when making some of these decisions, such as charitable giving. If you have a pie and you donate a portion of that pie to charity each year, wouldn't you assess the size of the pie next year and then decide wha...
by Artsdoctor
Sun Dec 24, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3435

Re: Retirement accounts and physician SCorps

My understanding is that physicians will not be eligible for the favored pass-through rates (physicians, lawyers, accountants, financial advisors, etc.). There's a list which you can search for. From Forbes: "Separately, the income deduction is not available to what the law calls a 'specified servic...
by Artsdoctor
Sun Dec 24, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 109
Views: 7594

Re: Will you donate less to Charity?

First, we have had a DAF for many years and donate to charity both from the DAF and with cash throughout the year. Our DAF is funded from deductible share gifts to avoid capital gains taxes, too. However, the tax law change will mean that our usual level of giving will not be deductible anymore and...
by Artsdoctor
Sun Dec 24, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: How much to front load DAF this year?
Replies: 11
Views: 1180

Re: How much to front load DAF this year?

You didn't give us enough information to give you a specific answer but there are some generalities. You can donate as much as you like to your DAF although you're limited to how much you can deduct. If you're transferring cash to your DAF, you can deduct any amount up to 50% of your AGI; if you're ...
by Artsdoctor
Sun Dec 24, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Do you have trouble standing firm on your asset allocation?
Replies: 45
Views: 3749

Re: Do you have trouble standing firm on your asset allocation?

The reason you tinker is because you failed to look at your Investment Policy Statement. You do have one, right? If you review your IPS, you'll know when you should and should not "tinker", it will all be spelled out in black and white (or color ink if you are so inclined - perhaps in " red?" Each ...
by Artsdoctor
Sun Dec 24, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Investment Implications of the Tax Bill - Morningstar on FIFO, etc.
Replies: 11
Views: 1261

Re: Investment Implications of the Tax Bill - Morningstar on FIFO, etc.

FIFO or mandated average cost are ideas that keep coming up every year or two. I'm starting to make decisions based on the assumption that it will likely become law someday. I tend to agree with you on this. This year was a "close call" but they've been talking about this for several years now. It'...
by Artsdoctor
Sat Dec 23, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Investment Implications of the Tax Bill - Morningstar on FIFO, etc.
Replies: 11
Views: 1261

Re: Investment Implications of the Tax Bill - Morningstar on FIFO, etc.

FIFO or mandated average cost are ideas that keep coming up every year or two. I'm starting to make decisions based on the assumption that it will likely become law someday. I tend to agree with you on this. This year was a "close call" but they've been talking about this for several years now. It'...
by Artsdoctor
Sat Dec 23, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Donating Items Questions
Replies: 15
Views: 1252

Re: Donations Question

You might want to consider "Its Deductible." It's part of the TurboTax/Intuit group and you can keep track of your fair market value in a reasonable way. I don't think that picture are really necessary for small items as you're describing.
by Artsdoctor
Sat Dec 23, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund (DAF) - Bunch Now - Easy (even easier than backdoor Roth)
Replies: 19
Views: 1446

Re: Donor Advised Fund (DAF) - Bunch Now - Easy (even easier than backdoor Roth)

And just a warning to folks to carefully consider if donating more this year offers enough benefit. If you're income is high enough, the Pease limits do peel back the benefit you get from deductions. AMT too. This is usually not a good reason to go for the deduction if the alternative is to have no...