Search found 605 matches

by bUU
Mon Feb 12, 2024 7:52 am
Forum: Personal Finance (Not Investing)
Topic: 1099-B under $20
Replies: 3
Views: 530

Re: 1099-B under $20

Thanks!
by bUU
Mon Feb 12, 2024 6:06 am
Forum: Personal Finance (Not Investing)
Topic: 1099-B under $20
Replies: 3
Views: 530

1099-B under $20

We had several sales of fractional shares in 2023. Half of them were over $20, the other half under $10. I read in another thread that, "The broker is required to send you a 1099-B if the gross proceed is at least $20." So I feel it is a safe assumption that that's why I have only received statements for the first half. My question is: Can I just manually enter the other half of them, based on my own records? Or am I required to do so? (They're losses, for what it is worth.)
by bUU
Tue Dec 12, 2023 9:40 am
Forum: Personal Investments
Topic: Can I transfer Admiral Class to Fidelity
Replies: 18
Views: 2147

Re: Can I transfer Admiral Class to Fidelity

Resurrecting this thread to ask a follow-up... Can we set up Vanguard Admiral holdings transferred to Fidelity for reinvestment of dividends and if so is there a fee for that, or is that a "free" way to add more shares to those holdings?
by bUU
Mon Nov 13, 2023 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Eligibility for Premium Tax Credit Adjustment
Replies: 4
Views: 656

Re: Eligibility for Premium Tax Credit Adjustment

So now the question is whether I made a mistake or not. :\
by bUU
Mon Nov 13, 2023 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Eligibility for Premium Tax Credit Adjustment
Replies: 4
Views: 656

Eligibility for Premium Tax Credit Adjustment

I don't anticipate qualifying for an ACA subsidy in 2024 so I did not file for a healthcare premium tax credit for 2024, instead going directly through the insurer. (The premium was less than the most comparable offering from that insurer through the healthcare marketplace.) My question is this: Will the fact that I didn't file file for a healthcare premium tax credit for 2024 through the healthcare marketplace make me ineligible to file Form 8962 (to get the subsidy after-the-fact) should I end up earning less income in 2024 than I currently anticipate?
by bUU
Sat Feb 25, 2023 3:35 pm
Forum: Personal Investments
Topic: Cost Basis when there was a Transaction Fee at time of purchase - covered shares
Replies: 1
Views: 227

Cost Basis when there was a Transaction Fee at time of purchase - covered shares

I'm having trouble reconciling cost basis information transferred from one brokerage to another, and trying to make sure I understand clearly what the correct answer should eventually be. This is related to a dividend reinvestment. There are columns: Transaction Amount, Transaction Fee, Net Amount (which, thankfully, actually consistently equals Transaction Amount minus Transaction Fee), Price Per Share and Number of Shares.

Is the Cost Basis Per Share:
(a) { Transaction Amount / Number of Shares }
(b) { Net Amount / Number of Shares }
(c) { Price Per Share }
(d) something else
?

Remarkably (c) doesn't equal (a) nor (b).
by bUU
Thu Jan 19, 2023 3:33 pm
Forum: Personal Investments
Topic: Bond Index vs. Fidelity Total Bond or Core Bond Strategy
Replies: 6
Views: 2597

Re: Bond Index vs. Fidelity Total Bond or Core Bond Strategy

Reviving this thread to ask @tarbucks whether they have any new insight into this specific decision (between Fidelity Total Bond Fund and Fidelity Core Bond Strategy).
by bUU
Thu Dec 29, 2022 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax 2022 - issue with preliminary modeling and ACA/PTC
Replies: 79
Views: 6702

Re: TurboTax 2022 - issue with preliminary modeling and ACA/PTC

Yes, understood, and this year I think the limit is $1400 and $2800. Does it affect eligibility the next year? At this time I don't expect to do this next year, so I expect my income will go back down.
by bUU
Thu Dec 29, 2022 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax 2022 - issue with preliminary modeling and ACA/PTC
Replies: 79
Views: 6702

Re: TurboTax 2022 - issue with preliminary modeling and ACA/PTC

I've been doing some work with this, also, as things are now in TT2022, and I'm confused about the PTC Repayment Limitation. I am now worried that I will need more cash for expenses through 2023 than originally expected, so I'm considering pulling a good amount out of an IRA later today. Of course, since I receive PTC doing that will cause "Excess Advance Payment of PTC", but I'm trying to gauge the impact and it seems that as long as I keep Modified AGI below 400% of FPL, the impact is pretty minimal, increasing how much I have to pay the IRS about 10% of the amount I withdraw. What might I not be understanding correctly about this situation?
by bUU
Mon Jan 10, 2022 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Are HSAs that straightforward?
Replies: 13
Views: 1543

Re: Are HSAs that straightforward?

MP123 wrote: Mon Jan 10, 2022 11:44 am Pub 502 deals with Medical expenses in general. Premiums might be deductible on Sch A if it made sense in your situation. But Pub 969 is specific to HSAs and doesn't allow them to be paid with an HSA other than the cases above.
Thanks... that seals the deal. Not worth it for me to pursue this further, at least not until I get a little closer to Medicare.
by bUU
Mon Jan 10, 2022 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Are HSAs that straightforward?
Replies: 13
Views: 1543

Re: Are HSAs that straightforward?

PaddyMac wrote: Mon Jan 10, 2022 9:32 amYou can NOT use it to pay for premiums
Are you sure? From IRS Publication 502:
Medical expenses include the premiums you pay for insurance that covers the expenses of medical care
by bUU
Mon Jan 10, 2022 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Are HSAs that straightforward?
Replies: 13
Views: 1543

Re: Are HSAs that straightforward?

PaddyMac wrote: Mon Jan 10, 2022 9:32 amAnd I just learned this week that your wife, provided she opens her own account, can contribute $1K per year for her catch-up plan.
I had it in there originally but I guess in tightening up my question I left out the fact that my wife is on Medicare, and therefore not eligible for an HSA.
by bUU
Mon Jan 10, 2022 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Are HSAs that straightforward?
Replies: 13
Views: 1543

Re: Are HSAs that straightforward?

I've asked this question elsewhere and got one interesting reply that I thought I would share here. It turns out I'm not eligible because my OOP maximum is too HIGH. I never expected that to be a rule.

I looked into a plan with a lower OOP maximum (and lower deductible AAMOF) which is specifically labeled as "HSA-eligible" and besides the fact that I'd have to wait for 2023, it isn't clear to me that the higher premium would be worth it, unless I really wanted to lower deductible and lower OOP maximum. The problem with that, as always, is that playing the odds, the "estimated annual cost" is $1k higher with the lower deductible and lower OOP maximum. Argh.

That's for the replies... lots to think about.
by bUU
Mon Jan 10, 2022 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Are HSAs that straightforward?
Replies: 13
Views: 1543

Are HSAs that straightforward?

My wife and I are retired. We have no earned income. I am under 65, so not yet eligible for Medicare. It sounds too good to be true, but my read of things seem to indicate that I could put $3650 into an HSA this year, directly reduce my income while still taking the standard deduction, reduce my taxes by perhaps $500 or more, and then spend that $3650 this year on my private health insurance premiums. What am I missing?
by bUU
Mon Feb 22, 2021 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can I "safely" do a manual rollover?
Replies: 3
Views: 295

Can I "safely" do a manual rollover?

My wife just got a late company matching contribution to her 401k of $70, long after we did the big rollover. Fidelity would take more than half as a fee for the rollover, but evidently will give us the whole amount as a withdrawal. Is it relatively easy to take the withdrawal and then deposit the money into her IRA? What do I need to be concerned about?

I would normally call them, but due to the severe weather affecting many Fidelity customer service agents, I thought I'd try to get a good answer here first.
by bUU
Sat Jan 23, 2021 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Is Amex Blue Cash preferred card still worth keeping?
Replies: 51
Views: 5337

Re: Is Amex Blue Cash preferred card still worth keeping?

We cancelled AMEX Blue Cash Preferred in early December (even got a prorated refund of the annual fee - I didn't know that they would do that!) I did the math and the cash back was simply not covering the annual fee, and yes it was things like Amazon Fresh, Costco groceries, Target groceries and such that was preventing the card from delivering value.
by bUU
Sat Aug 17, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: 401k during last few months of work
Replies: 1
Views: 505

401k during last few months of work

I'm retired, and my spouse is retiring next March. The employer offers a company match to 401k contributions. We don't want to needlessly leave money on the table. However, our plan was to pull money from already-existing traditional IRAs to "fill" the 12% tax bracket. Mixing putting money into a traditional 401k (tax deferred) while pulling money out of a traditional IRA (and paying tax on it) seemed off-kilter. I was thinking that we perhaps should consider changing my spouse's 401k contributions so that they are to a Roth 401k. However, I'm not sure how that might affect rollovers. Am I correct in assuming that (on retirement) my spouse could rollover the traditional 401k into a traditional IRA and rollover the Roth 401k into a...
by bUU
Sat Jul 20, 2019 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group
Replies: 82
Views: 40731

Re: Fidelity Private Client Group

bawr wrote: Wed Jul 25, 2018 11:23 pm One PCG benefit I like and use is free domestic wire transfers.
Another potentially useful one is the waiver of minimum balance requirements for certain mutual funds.
I sure wish these benefits were documented somewhere.
by bUU
Sat Jun 22, 2019 4:34 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

I wanted to add an excellent pertinent article to this thread from The Atlantic entitled "Your Professional Decline Is Coming (Much) Sooner Than You Think. Here’s how to make the most of it." https://www.theatlantic.com/magazine/archive/2019/07/work-peak-professional-decline/590650/ It is such a good graphic that it is getting airtime in so many more places than the typical personal finance article. I've seen it on several other forums that have nothing to do with personal finance (in their "Community" forum) as well as making the rounds on Facebook. The question I've had to ask myself is whether there is a way to change my life so that I can do without muddling through those small bars labeled "60" and "...
by bUU
Tue Apr 09, 2019 4:27 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

With or without extra time and effort ("extra miles") I put in over the years, I still wouldn't be working at that company, which is 3.5 miles from my front door. Instead, I work for its primary competitor 44 miles away in another state in bumper-to-bumper traffic. Fair enough. I suppose there is nothing wrong with making your threshold 100%. I don't personally have such high standards for the things I encounter. Perhaps I'm settling too much. It's not a matter of 100% vs 0%. The question is how much the "extra miles" help you, and it varies, of course. Since many layoffs are project-based or related to organizational changes, "extra miles" often don't help you unless you impressed some other group that may sa...
by bUU
Sun Apr 07, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

samsoes wrote: Sun Apr 07, 2019 3:13 pmWith or without extra time and effort ("extra miles") I put in over the years, I still wouldn't be working at that company, which is 3.5 miles from my front door. Instead, I work for its primary competitor 44 miles away in another state in bumper-to-bumper traffic.
Fair enough. I suppose there is nothing wrong with making your threshold 100%. I don't personally have such high standards for the things I encounter. Perhaps I'm settling too much.
by bUU
Sun Apr 07, 2019 3:21 pm
Forum: Investing - Theory, News & General
Topic: Tax-Efficient Spending Strategies From Retirement Portfolios
Replies: 3
Views: 798

Tax-Efficient Spending Strategies From Retirement Portfolios

I've read about a half dozen threads on this topic and twice as many articles, and what I have gathered so far is that there are excellent arguments for a multitude of different and often-contradictory approaches, though few of those arguments are clear enough for me to operationalize. I'm curious specifically about this article: https://www.kitces.com/blog/tax-efficient-retirement-withdrawal-strategies-to-fund-retirement-spending-needs/ It seems to be the clearest of them all. That's not to say that its content has any validity, but at least I can understand the argument made. It is advocating clearly for a strategy that uses partial Roth conversions. Our situation isn't all that different from the example scenario, though we have a lot mo...
by bUU
Sun Apr 07, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

samsoes wrote: Sun Apr 07, 2019 2:59 pmMy point is that extra miles are irrelevant.
And our point is that they have been relevant. That doesn't mean 100% of the time it will mean job security - nothing will. If your threshold for relevance is 100% perfection that nothing will ever be relevant to anything.
visualguy wrote: Sun Apr 07, 2019 3:04 pmI think there's a lot more age discrimination in hiring than firing.
I agree completely.
by bUU
Sun Apr 07, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

"Extra miles" don't mean squat. For years, I worked weekends, late nights, all-nighters, and answered overnight calls and had to go in to the data center in the middle of the night to save the day. I won multiple company awards, including the highest the company offers. I still got whacked. I did "extra miles" too. I got to keep my job longer than my colleagues that didn't. I bet you did too even if you don't realize it or can't grant it. But were you the first or the second person whacked? Precisely. I can tell you that age never even crossed my mind as a possible influencing factor. Then your company was far too "small potatoes" to reflect the kind of environment that most Americans face. And of course denia...
by bUU
Sun Apr 07, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

The more I understand what you're trying to say, the more I'm convinced that you're offering non-operational advice.
by bUU
Sun Apr 07, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

KlangFool wrote: Sun Apr 07, 2019 11:09 amUnpaid overtime beyond 40 hours per week.
You're being cagey. Let's assume that we're talking about a salaried employee, not an hourly worker. In that context, you seem to be saying that working more than 40 hours a week is "working for free" and people shouldn't do that. However, most salaried employees can help you understand that their co-workers who refused to go the extra mile and got a reputation for working-by-the-clock ended up the first to be let go in the layoffs.
by bUU
Sun Apr 07, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

KlangFool wrote: Sun Apr 07, 2019 9:33 amYou need to take care of yourself.
I think the two facts can exist simultaneously - there is discrimination, and you need to do the best you can for yourself despite that. The latter doesn't discount the former, or discount the need for good people to consider the former a (separate) problem that needs to be worked.
KlangFool wrote: Sun Apr 07, 2019 9:33 amA) Do not work for free. Make sure that your hours are compensated. It could be money and/or learning a new and marketable skill.
Interesting thought. What do you consider, "working for free"?
by bUU
Sun Apr 07, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

Bacchus01 wrote: Sun Apr 07, 2019 7:11 amI’ve never seen it the other way.
That may be why.
by bUU
Sun Apr 07, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

Bacchus01 wrote: Sat Apr 06, 2019 1:25 pm If you’ve been fired or laid off multiple times. It’s probably not discrimination. It’s you.

If companies you’ve worked for are constantly going out of business, it’s probably not discrimination. It’s you.
Nonsense.
by bUU
Sat Apr 06, 2019 4:09 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

I think one aspect of this that is lost in translation is that the transgression isn't just age discrimination but rather the reconceptualizing of work such that experience has little or no value for all but a ever-decreasing percentage of roles. This phenomenon goes back to Taylor, but has been ratcheted up in the last thirty five years.
by bUU
Wed Apr 03, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: December 31 Dividends and Cap Gains Distributions
Replies: 7
Views: 583

Re: December 31 Dividends and Cap Gains Distributions

That was what the above-referenced legend comment from the Tax Foundation seemed to be saying. Regardless, the reason why it matters is that most of my dividends come in in December, so to make best use of the lower tax rates, I would want to leave enough room for those to receive the best tax treatment I can arrange.
by bUU
Wed Apr 03, 2019 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

My brother and I are both in our late 50's.

He was a project manager; I am a business analyst; both for software development and maintenance projects.
by bUU
Wed Apr 03, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: December 31 Dividends and Cap Gains Distributions
Replies: 7
Views: 583

Re: December 31 Dividends and Cap Gains Distributions

The Q1 dividend for Vanguard Total Stock Market popped 36%. I normally use 5-10% for doing estimated taxes so now I have to adjust my estimates. Not a big deal but the increase in dividend is not helpful. I noticed that, but Q1 dividends are manageable - you can adjust your estimates - a 12/31 dividend pop is more difficult to smooth away. BTW, I did a test tax return in TurboTax to confirm what Longdog relayed. I see how a $10,000 gain was pulled apart into a $3,800 portion (the difference between the taxable income in my example, $73,400, and the limit $77,200), taxed at 0%, and a $6,200 portion, taxed at 15%. I should have done that to start with rather than trying to find the answer online, but it was helpful to have someone point me t...
by bUU
Wed Apr 03, 2019 6:07 am
Forum: Personal Finance (Not Investing)
Topic: December 31 Dividends and Cap Gains Distributions
Replies: 7
Views: 583

Re: December 31 Dividends and Cap Gains Distributions

The approach I’d use, assuming you’re not adding to the holdings, would be to assume this year’s distributions are the same as last year’s, perhaps with a ~10% cushion in case they grow. Worst case would be you’d owe 15% only on the amount that puts you above the zero percent threshold, not the whole amount. I searched high and low for something to confirm this, as it was my original assumption, but I couldn't find anything saying what you've said here. One infographic from the Tax Foundation says explicitly in the legend "INCOME RANGES REPRESENT TAXABLE INCOME, NOT JUST CAPITAL GAINS." That misled me to believe the opposite. Sorry-that might have been above a three year old’s comprehension, especially the word “threshold.” Heh.
by bUU
Wed Apr 03, 2019 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 854
Views: 165489

Re: Losing a job in your 50's...

And if you started your career late, if you never earned a high salary, if you have/had health issues that set you back, money should not be an issue right? Lately, it seems some of the forum posters are living in la-la land. The vast majority of working people are no where near FI in their lifetime. How can you even make the statement about FI and money not being tight? Is it really only "Lately"? As I recall it, there have always been those who have had more financial success who were callous and disparaging toward those who had not. The excuse often given is that participation in a forum like this "should have", by self-selection, attracted only the former, but that's no longer a rational expectation. Most everyone h...
by bUU
Wed Apr 03, 2019 5:14 am
Forum: Personal Finance (Not Investing)
Topic: December 31 Dividends and Cap Gains Distributions
Replies: 7
Views: 583

December 31 Dividends and Cap Gains Distributions

I think I need something explained to me like I'm three years old... I understand the impact of taxes on retirement withdrawals and prefer the proportional strategy over the traditional strategy, but one thing I'm really confused about: Given the need to keep taxable income under a certain amount to stay within the 0% tax capital gains tax bracket, how do you do that given that a lot of taxable income (between $2k and $14k) comes in in the form of end of the year dividends and capital gains distributions, given that you already hold such holdings ? Do you just reserve enough "space" in taxable income equal to the max of your past experience with end of year distributions ($14k in my case), and "hope" you don't have a rem...
by bUU
Mon Apr 01, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: New Jersey Inheritance and Estate Tax related to Life Insurance
Replies: 3
Views: 334

Re: New Jersey Inheritance and Estate Tax related to Life Insurance

printer86 wrote: Mon Apr 01, 2019 10:32 am New Jersey used to have a tax on the value of an NJ resident's estate. The law has changed, but the process has not. The NJ tax authority will still need to value the estate and Life insurance policies are part of an estate. I'm not an expert in the area, so you should consult the estate's lawyer to make sure you handle things correctly.
I was executor of my mother's estate in New Jersey ten years ago and all I remember that resembled what you're saying was my obligation to include the value of life insurance in the valuation of the total value of the estate. Is that what you're referring to? Or is there some added obligation now placed on the beneficiaries to file something?
by bUU
Mon Apr 01, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: New Jersey Inheritance and Estate Tax related to Life Insurance
Replies: 3
Views: 334

New Jersey Inheritance and Estate Tax related to Life Insurance

I received the following notice from MetLife along with a check for the death benefit on my father's passing. "Re: Metropolitan Life Insurance Company POLICY XXXXXXX "Dear [buu]: "As a result of recently enacted legislation in the State of New Jersey, we are required to notify the New Jersey Division of Taxation concerning the details of this payment to you as the beneficiary of the death benefit under the above policy/policies. Furthermore, we are also requested to furnish the following position of the Division of Taxation that the beneficiary may be liable for any and all inheritance and/or estate taxes until paid." Is this just random boilerplate or is there something I, as a Georgia resident, have to do with regard t...
by bUU
Mon Mar 27, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Georgia Age 62 and Taxes
Replies: 10
Views: 3213

Re: Georgia Age 62 and Taxes

jimb_fromATL wrote:So if you have any space in the 15% bracket after you both retire but before RMDs start after age 70, it could be worth converting some money from tax-deferred accounts to Roth IRAs -- IF it appears that you might have some income taxed at 25% after the RMDs start.
Thanks again!
by bUU
Mon Mar 27, 2017 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Georgia Age 62 and Taxes
Replies: 10
Views: 3213

Re: Georgia Age 62 and Taxes

jimb_fromATL wrote:How much other income is likely to exceed the total exclusion and be taxed in Georgia?
Quicken Lifetime Planner made it seem like $0. We'd withdraw from retirement accounts in the $10K-$25K range before age 65, and then after that it would go up to a max of about $58K.
jimb_fromATL wrote:How much income do each of you expect to have from pensions?
Zero.
jimb_fromATL wrote:Will you have any rental or other business income during retirement?
Heaven help us... I hope not.
jimb_fromATL wrote:How much do each of you expect the RMDs to be when you reach that age?
I'm assuming that what Quicken Lifetime Planner referred to as withdrawals from retirement accounts (above) included the RMDs.
by bUU
Sun Mar 26, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Georgia Age 62 and Taxes
Replies: 10
Views: 3213

Re: Georgia Age 62 and Taxes

Indeed, more factors. But how do you evaluate what to do based on them all, taken together?

I just checked and according to Quicken Lifetime Planner, we never would withdraw from tax-deferred accounts more than today's Georgia state limitations for the exclusion, based on the age we'll be at that time. I think that matters... I think that means that we are not "losing" the advantage by not taking advantage of it now. The law could change, of course, but the whole world could get blown to pieces too.

Now, whether we should take advantage of it regardless... well that's what I need to understand how to determine...
by bUU
Sun Mar 26, 2017 4:07 am
Forum: Personal Finance (Not Investing)
Topic: Georgia Age 62 and Taxes
Replies: 10
Views: 3213

Georgia Age 62 and Taxes

I was wondering if anyone had insight into what turning 62 in Georgia involves, financially. We've already stumbled on one: If you are filing jointly, you have to allocate capital gains earned by you as a couple to one person. Flipping the allocation from the younger to the older reduced our tax owed by over $200. The provision that I'd like the most help understanding what to do with regard to is this one: Taxpayers who are 62 or older, or permanently and totally disabled regardless of age, may be eligible for a retirement income adjustment on their Georgia tax return. Retirement income includes: Income from pensions and annuities Interest income Dividend income Net income from rental property Capital gains income Income from royalties Up ...
by bUU
Tue Dec 20, 2016 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can short term capital loss offset capital gain distributions from mutual funds?
Replies: 8
Views: 1864

Re: Can short term capital loss offset capital gain distributions from mutual funds?

Okay thanks!. So the key is whether I have enough capital gain distributions from mutual funds that are specifically long-term capital gains.

These distributions come from (specifically) ARTGX, FSTVX, and VGHAX. Fidelity lists ARTGX and FSTVX as all 15% Rate Capital Gains, so that's long-term I believe. VGHAX has typically been a mix, 1:7 to 1:15 (short:long) so I think I'm safe.
by bUU
Tue Dec 20, 2016 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can short term capital loss offset capital gain distributions from mutual funds?
Replies: 8
Views: 1864

Re: Can short term capital loss offset capital gain distributions from mutual funds?

If my assumption is correct, then there is no excess loss involved. There's more than enough capital gains distributions from mutual funds to eat up the entirety of the short term capital loss I propose to incur.

The question here in only a matter of whether capital gain distributions from mutual finds are treated like capital gains from my own purchases and sales.

Thanks!
by bUU
Tue Dec 20, 2016 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can short term capital loss offset capital gain distributions from mutual funds?
Replies: 8
Views: 1864

Can short term capital loss offset capital gain distributions from mutual funds?

Simple question. My read is that Capital gain distributions from 1099-B's end up on Schedule D Line 13, so whatever capital loss one might have would offset that gain. Yes?
by bUU
Sat Jan 09, 2016 5:30 am
Forum: Investing - Theory, News & General
Topic: worst first four opening days in HISTORY for S&P 500
Replies: 125
Views: 19097

Re: worst first four opening days in HISTORY for S&P 500

effillus wrote:Lucky break for me: I'm rolling my 403b into my 457b. The money came out of the 457 before Christmas and went into the 457 today, so I get to buy low. Just hope things go up next week!
My 401k is about to be rolled into a new 401k, due to a company acquisition. Mark my words: The old 401k will be liquidated on the last day of the down market; and the market will skyrocket during the week or so between liquidation of the old 401k and funding of the new 401k. I'm a lightning rod for bad performance. I hope someone gets to take this opportunity to financially benefit from my misfortune.
by bUU
Wed May 27, 2015 3:53 am
Forum: Personal Finance (Not Investing)
Topic: HSA Excess Contribution -2014
Replies: 13
Views: 1820

Re: HSA Excess Contribution -2014

PMJI but I don't understand why putting $3300 into an HSA when the limit is $3300 is an excess contribution situation. I had thought that gains on the amounts in the HSA that are invested were not considered contributions.
by bUU
Tue May 26, 2015 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Anyone met with Fidelity Advisor before?
Replies: 19
Views: 3940

Re: Anyone met with Fidelity Advisor before?

The free Fidelity service we took advantage of in Massachusetts was wonderful. The adviser was a CFP and was completely no-pressure. We asked her for specific things and got specific answers. She understood going in that the only recommendations we would show any interest in were those consistent with my personal perspectives regarding Boglehead principles. Credit to her she knew what it meant and did her best to be helpful. Most importantly, it established a relationship with a name, that was useful as time went on and I needed assistance with various matters dealing with Fidelity itself.
by bUU
Sun Feb 08, 2015 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Rules concerning issuance of 1099-HC
Replies: 1
Views: 354

Rules concerning issuance of 1099-HC

Are there any regulations regarding issuance of proof of health insurance. If so, in what timeframe must such proof by issued?
by bUU
Tue Dec 23, 2014 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Paying Just One Estimated Tax Payment
Replies: 14
Views: 6457

Re: Paying Just One Estimated Tax Payment

Thanks.

I've still got a $1 penalty to pay due to underpayment in first quarter - I suppose there is no way to get around that.