Search found 613 matches

by fabdog
Fri Jul 19, 2019 6:51 pm
Forum: Personal Investments
Topic: with 10K limit is an I-bond worth it?
Replies: 6
Views: 657

Re: with 10K limit is an I-bond worth it?

There's no rule that says you can't keep buying them after you retire at $15K/year ($10K Treasury Direct and $5K with your tax return) as you manage your asset allocation. Inflation protection, tax deferred, state tax free.

Mike
by fabdog
Wed Jul 17, 2019 5:51 pm
Forum: Personal Investments
Topic: Weird Insider Trading Question (401K) Mutual Funds
Replies: 4
Views: 636

Re: Weird Insider Trading Question (401K) Mutual Funds

no, not for a broadly diversified mutual fund

Now if the company had a company stock option in the 401k (as many megacorps do) and you traded that while in possession of non public information that was relevant to the stock price, different story

Mike
by fabdog
Mon Jul 15, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-B Non-Covered CD Basis
Replies: 8
Views: 547

Re: 1099-B Non-Covered CD Basis

If you enter (or download) the non covered transactions, TurboTax will stop asking for the mail in of forms. If you are entering the total line from non covered (TT does not know if that's 1 or 100 transactions) it wants you to mail in hard copies. If you enter them it has all the data on erach tran...
by fabdog
Sun Jul 07, 2019 12:00 pm
Forum: Personal Investments
Topic: Self directed IRA
Replies: 7
Views: 365

Re: Self directed IRA

Step one- you have enough in an IRA to swing your part of the purchase. Step two- find a custodian who will make the investment/hold it for you. Expect to pay for the privilege during this stage make sure you are making an approved transaction. I think you should be ok as I am familiar with a person...
by fabdog
Sat Jul 06, 2019 7:18 pm
Forum: Investing - Theory, News & General
Topic: [Why should I invest in a bond index fund, when to invest?]
Replies: 16
Views: 884

Re: What would be a good reason to invest in a bond index fund?

a video from the wiki

https://www.bogleheads.org/wiki/Video:_ ... h_bonds%3F

although maybe you already have your answer?
I am looking to cut down on risk a little bit
Mike
by fabdog
Fri Jul 05, 2019 5:12 pm
Forum: Personal Investments
Topic: Opinion about Eaton Vance ETG tax advantaged Div : 7%
Replies: 7
Views: 481

Re: Opinion about Eaton Vance ETG tax advantaged Div : 7%

Bumped across this fund ETG; pay 7+% dividend. It uses leverage. What are the caveats ? Caveats It uses leverage... works great till it doesn't Expense ratio 1.18%, PLUS .76% for interest and fees... so 1.94% total expenses. Closed end fund... so you pay market price not nav when you buy... and als...
by fabdog
Thu Jul 04, 2019 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Employers asking salaries
Replies: 47
Views: 5804

Re: Employers asking salaries

I literally don't care what you made at your last job. I know around what I can offer you and I know how much room I need to keep so you are not topped out and have a progression. I ask what your expectations are so I can frame the kind of discussion and offer you something you will likely take. Co...
by fabdog
Thu Jul 04, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Employers asking salaries
Replies: 47
Views: 5804

Re: Employers asking salaries

A few cities have made this illegal, but unless you are talking to an employer in one of those jurisdictions, you should prepare to have it asked at some point. As noted, some places use it to benchmark what to offer you. some use it to screen You're not required to answer, but you may get dropped i...
by fabdog
Wed Jul 03, 2019 12:49 pm
Forum: Personal Investments
Topic: Help with international funds in 401k
Replies: 4
Views: 250

Re: Help with international funds in 401k

The Fidelity fund is a developed markets index fund... VTIAX is as noted a total International so has emerging markets as well. None of the other 3 choices you listed will bring the Emerging markets, they are growth/value/small cap tilts. So if there is an emerging markets index fund in your plan, y...
by fabdog
Wed Jul 03, 2019 9:26 am
Forum: Personal Investments
Topic: Roth 401k allocation is the same as 401k allocation.
Replies: 6
Views: 295

Re: Roth 401k allocation is the same as 401k allocation.

Yes, in my 401(k), my statement shows Regular 401(k), catch up 401(k), Roth 401(k), and Catch up Roth 401(k) total balances, but does not show the individual investments that way... so my stock/bond index funds don't show which is invested using what funds. I assume they keep track in the background...
by fabdog
Wed Jul 03, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: how to calculate 2 years for home sale tax exclusion
Replies: 3
Views: 213

Re: how to calculate 2 years for home sale tax exclusion

Residence is defined by state... so for the state your vacation home is located in, what do they define as resident? As for counting the time you spent there on vacation, if you were registered to vote, paying taxes, driver's license, etc in a different state during those times, I would not count th...
by fabdog
Tue Jul 02, 2019 4:33 pm
Forum: Investing - Theory, News & General
Topic: Question about wash sale involving solo401k and taxable
Replies: 10
Views: 336

Re: Question about wash sale involving solo401k and taxable

Simple solution, buy first, then sell. Wash sales are sell then buy only, using the same funds. The purpose is to prevent changing the tax basis of a security or mutual fund for tax advantage. This is not correct. Covers 30 days before and after... from Pub 550 Wash Sales You cannot deduct losses f...
by fabdog
Tue Jul 02, 2019 2:24 pm
Forum: Investing - Theory, News & General
Topic: Question about wash sale involving solo401k and taxable
Replies: 10
Views: 336

Re: Question about wash sale involving solo401k and taxable

From Mike Piper on Jan 1 2019 Update: A few readers asked whether a wash sale can be triggered when, after selling an investment for a loss in a taxable account, substantially identical securities are purchased in a 401(k) or 403(b). This answer is a bit trickier. Section 1091 of the Internal Revenu...
by fabdog
Tue Jul 02, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Changing from FSA to HSA
Replies: 2
Views: 283

Re: Changing from FSA to HSA

The Finance Buff has a good article covering your dilemma

https://thefinancebuff.com/hsa-and-fsa-same-year.html

Mike
by fabdog
Tue Jul 02, 2019 2:04 pm
Forum: Personal Consumer Issues
Topic: Special ordering books through local bookstore to support local business?
Replies: 8
Views: 617

Re: Special ordering books through local bookstore to support local business?

One would assume they would price the service so that they made an acceptable profit. Not clear how the overall price would differ from Amazon. Perhaps if you went to the local bookstore and indicated your desire to order a number of books over an extended period, they might even cut you a discount ...
by fabdog
Mon Jul 01, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Head of Household when married
Replies: 3
Views: 500

Re: Filing Head of Household when married

If you can meet the standards for filing HOH, what does it do to your overall tax bill (you and spouse together?) If you file HOH he'll need to file MFS.

Depending on who has the income, deductions, etc that could turn out not to be an optimal solution when looking at your total tax bill

Mike
by fabdog
Mon Jul 01, 2019 12:27 pm
Forum: Personal Investments
Topic: Transfer from 457 Empl0yee deferred Compensation plan
Replies: 9
Views: 505

Re: Transfer from 457 Empl0yee deferred Compensation plan

What type of 457 plan? If state or local govt entity, then you can roll to a IRA. If a non government entity the choices are more limited. you don't mention a pressing need for cash... why would you think of any other path than rolling this into an IRA so it can keep growing for you tax free? If you...
by fabdog
Mon Jul 01, 2019 9:26 am
Forum: Personal Investments
Topic: Pro Rata Rule Question for IRA's
Replies: 6
Views: 354

Re: Pro Rata Rule Question for IRA's

the pro rata rule refers to any balances in your traditional IRa as of Dec 31st of the year in question So in your example, if you rollover your TSP into a IRA at vanguard before the end of 2019 (and don't do something to remove the balance like roll it into a new employers 401k) then you'll be subj...
by fabdog
Sun Jun 30, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Pease limitation rule
Replies: 2
Views: 371

Re: Pease limitation rule

Well, the good news for you is the Pease limitation was removed in the new tax law.

Mike
by fabdog
Sun Jun 30, 2019 2:15 pm
Forum: Personal Consumer Issues
Topic: Windows Defender and Malwarebytes
Replies: 17
Views: 1534

Re: Windows Defender and Malwarebytes

I bought and installed Malwarebytes, as the free version had bailed me out at least twice... someone has to pay or else they won't be able to deploy a solid product

Mike
by fabdog
Fri Jun 28, 2019 10:57 am
Forum: Personal Investments
Topic: Applied for an account at CU and the CD rates dropped the next day
Replies: 11
Views: 663

Re: Applied for an account at CU and the CD rates dropped the next day

As suggested, quickest path to the answer involves calling the credit union.

We can all speculate how it might work, or how a CU we use once did it... but that won't answer your question

Mike
by fabdog
Thu Jun 27, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Open an HSA at age 63?
Replies: 9
Views: 496

Re: Open an HSA at age 63?

If you have an HSA compliant HDHP plan, the HSA is a great option.. triple tax free. Money goes in before tax, grows tax free, and comes out tax free when used for retirement if going on Medicare at 65, then you'll only have 2 years. on a family plan, you can out in $7000 PLUS another $1000 as a cat...
by fabdog
Wed Jun 26, 2019 4:46 pm
Forum: Personal Investments
Topic: HSA on your own?
Replies: 6
Views: 744

Re: HSA on your own?

First step... verify that the plan from your new employer is HSA eligible. Not all HDHP plans are HSA eligible.

If it is, you can contribute to your existing HSA, no need to set up a new one

Mike
by fabdog
Wed Jun 26, 2019 3:59 pm
Forum: Personal Consumer Issues
Topic: Going to Ireland in July
Replies: 24
Views: 1624

Re: Going to Ireland in July

Since we don’t have a firm plan yet outside of Dublin, I haven’t booked any hotels yet. Just wondering if I can just book hotel as I go along (July is the high season) to maximize flexibility, or should I try to book hotel as early as I can? I would try and figure out major places you wanted to be ...
by fabdog
Tue Jun 25, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Question on using 529 for Room & Board
Replies: 13
Views: 1096

Re: Question on using 529 for Room & Board

for Fall 19 and Spring 20, divide in half. Part to Fall 19 and part to Spring 20. Then get the next years figure for fall 20. For summer utilities I was assuming no one in the apartment so aircon could be set much higher, etc. If he attends in the summer then you can get a summer amount for room and...
by fabdog
Tue Jun 25, 2019 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Question on using 529 for Room & Board
Replies: 13
Views: 1096

Re: Question on using 529 for Room & Board

For fall semester, it would be the cost of room/board for the fall semester, not the entire year. The maximum amount that qualifies is the school room and board cost OR the actual spending, whichever is lower. Utilities count along with rent, food, internet. I would include the parking as the apartm...
by fabdog
Tue Jun 25, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Gone?
Replies: 4
Views: 1055

Re: Backdoor Roth Gone?

not gone.

There were some changes around re characterizing if you changed your mind, but the standard backdoor Roth process (contribute to non deductible and then move to Roth) is alive and well

Mike
by fabdog
Tue Jun 25, 2019 8:01 am
Forum: Personal Consumer Issues
Topic: Going to Ireland in July
Replies: 24
Views: 1624

Re: Going to Ireland in July

I'll second the suggestion to leave LOTS of time at the airport before your flight. Coming back from Ireland you'll clear US Customs and Immigration in Dublin. The lines are long and slow, and if one of your party is randomly selected for extra screening... good luck.... We got their 4 hours ahead o...
by fabdog
Tue Jun 25, 2019 7:56 am
Forum: Investing - Theory, News & General
Topic: Why is the risk of loss greater in a concentrated portfolio?
Replies: 27
Views: 1788

Re: Why is the risk of loss greater in a concentrated portfolio?

The smaller number of stocks you have, the greater impact a blow up has... With 10 stocks, one blow up really dents your performance Your acquaintance/friend will posit that since he/she knows what they are doing and very careful, this improves their chance of outperforming since a big hit will carr...
by fabdog
Mon Jun 24, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Federal retirement benefits/ court order
Replies: 15
Views: 1619

Re: Federal retirement benefits/ court order

What do you mean "signed off on federal retirements (to not take any) prior to a divorce"? Was this part of a mediated separation/divorce proceeding? A pre-nup? Courts can invalidate items agreed to if the spouse now claims they were coerced, didn't understand, unequal power in relationship... it al...
by fabdog
Mon Jun 24, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: PROBLEM RESOLVED! - Buying new construction inventory home. Seemingly standard feature appears missing. What to do?
Replies: 46
Views: 3447

Re: Buying new construction inventory home. Seemingly standard feature appears missing. What to do?

It wasn't clear to me in the original post if you were asking for $3-$5K on additional upgrades, vs asking for a credit off the price of $3 to$5K. Builders in this situation usually will not reduce the contract price of the house, as it messes up their future sales plus angers folks who've already b...
by fabdog
Sun Jun 23, 2019 8:05 pm
Forum: Personal Investments
Topic: New work plan option help
Replies: 6
Views: 508

Re: New work plan option help

Not many details in your question, but I'll make an assumption that T Rowe Price is the plan administrator, or their funds are being offered? They have a lineup of target date funds that you can use if you are already comfortable with that approach. The fees are likely a little higher than Vanguard ...
by fabdog
Sat Jun 22, 2019 7:52 pm
Forum: Personal Investments
Topic: Scared about investing large amount of money
Replies: 24
Views: 2536

Re: Scared about investing large amount of money

if you can't pull the trigger in a lump sum, make sure your overall asset allocation is still working for you. Then divide the $300K into 3,6,9 or 12 slices.. and put some in each month, 6 weeks, following your overall asset allocation

Mike
by fabdog
Sat Jun 22, 2019 2:06 pm
Forum: Personal Investments
Topic: Tax planning: implications of Muni Fund (VWITX)
Replies: 7
Views: 952

Re: Tax planning: implications of Muni Fund (VWITX)

Yes, sorry, got carried away, only the Private activity bonds Also as an adder, on AGI, it does not get added for federal. However, if your state has income tax, the interest from the bonds not from your state /Us Possession (check your states tax website for exactly what they consider in state) wil...
by fabdog
Sat Jun 22, 2019 12:01 pm
Forum: Personal Investments
Topic: Tax planning: implications of Muni Fund (VWITX)
Replies: 7
Views: 952

Re: Tax planning: implications of Muni Fund (VWITX)

1. Does the dividend income from VWITX work its way into the calculation of AGI, or not? no, but it does get added back to determine if Social Security is taxable. You didn't mention getting SS benefits, but just in case 2. Is the dividend income from VWITX exempt from the 3.8% NII tax? yes. see th...
by fabdog
Fri Jun 21, 2019 10:06 am
Forum: Investing - Theory, News & General
Topic: TDA - capital gains harvest = short term trading fee?
Replies: 9
Views: 497

Re: TDA - capital gains harvest = short term trading fee?

Since you bought and sold on the same day, their system may see you as violating the 30 day hold window. You sold first, and then bought, but their system may just see purchase and sale date the same and assess the fee. Their documentation says calendar day My advice is to call TD Ameritrade and tal...
by fabdog
Thu Jun 20, 2019 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life insurance portability under certain scenario
Replies: 12
Views: 855

Re: Whole life insurance portability under certain scenario

Difficult is not the same as impossible. Does he need $1.5 million in insurance? For how long? Has he gone to an independent agent who works with folks with health issues? They'll know which companies to work with. If he can get quotes then he can see what would make the most sense and work from the...
by fabdog
Thu Jun 20, 2019 6:01 pm
Forum: Personal Investments
Topic: VNQ (REITS) - Tax Rate On Capital Gains?
Replies: 7
Views: 906

Re: VNQ (REITS) - Tax Rate On Capital Gains?

The dividends are taxed as ordinary income and are added as part of your AGI You then get a 20% deduction of the amount of REIT dividends So on line 9 of page 2 of your 1040, you'd get a 20% deduction... Say you had $1000 in Qualified REIT Dividends. $1000 would be added to your AGI You'd get 20% of...
by fabdog
Thu Jun 20, 2019 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Rollover from Pretax 401k to Roth 401k
Replies: 13
Views: 837

Re: Accidental Rollover from Pretax 401k to Roth 401k

I would push on Vanguard a little more to see if they can help you correct this... you specified the correct account but then a different form they gave you was incorrect and you signed it? Ask fora supervisor or the retirement specialists and see if they can't untangle. Had a similar Issue at Schwa...
by fabdog
Thu Jun 20, 2019 4:45 pm
Forum: Personal Investments
Topic: VNQ (REITS) - Tax Rate On Capital Gains?
Replies: 7
Views: 906

Re: VNQ (REITS) - Tax Rate On Capital Gains?

Reit dividends at Ordinary income rates Capital gains/losses from selling Reit shares are at capital gains rates, same as other stocks/ETF/Funds The new tax law allows for a 20% pass thru deduction on REIT dividends that goes along with the QBI on Business income. So that made them somewhat more tax...
by fabdog
Thu Jun 20, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Their Mistake But We Pay a Sizable 401K Termination Fee?
Replies: 7
Views: 1832

Re: Their Mistake But We Pay a Sizable 401K Termination Fee?

What does the contract say? I understand that a lot of uncompensated time from your end has gone into fixing the error... but their incentive to work with you is low if you are terminating the plan. Maybe if staying you could ask for a break on fees, etc as compensation If the contract calls for the...
by fabdog
Thu Jun 20, 2019 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Bond dilemma
Replies: 13
Views: 1915

Re: Savings Bond dilemma

As you noted, the bonds > 30 years old are no longer earning interest. When these are cashed in a 1099 will be issued as you noted. The interest on these and the ones still earning interest could have been included on your mother's final return but that ship has sailed I believe if you do nothing th...
by fabdog
Thu Jun 20, 2019 8:49 am
Forum: Investing - Theory, News & General
Topic: General question for a beginner
Replies: 3
Views: 356

Re: General question for a beginner

The Fair Value is a price set to reflect borrowing costs, dividends received, etc against the previous closing value. So Fair value based on last nights close is -15 points. Based on pre market activity, that gives the update on where the market would open https://money.cnn.com/2000/04/17/investing/...
by fabdog
Wed Jun 19, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Purchase Utilizing Section 179 Depreciation
Replies: 2
Views: 288

Re: Auto Purchase Utilizing Section 179 Depreciation

you can't take the standard mileage and use actual cost, has to be one or the other. Actual cost has depreciation in it, as well as your actual fuel, oil, maint, etc. You need solid records the standard mileage rates have an amount for depreciation in them If you go the 179 route and write off most ...
by fabdog
Wed Jun 19, 2019 1:27 pm
Forum: Personal Investments
Topic: tIRA to Roth conversion question
Replies: 5
Views: 466

Re: tIRA to Roth conversion question

Did not introduce any new complexity... you would get a 1099R next January for the conversion even if there had been no gain. The ~$25 in gain you had will be taxable as ordinary income, and if you go ahead and send along the ~$5 to the Roth it will be taxed as well. No big deal, your turbotax (or o...
by fabdog
Tue Jun 18, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: USDA or Conventional Loan
Replies: 2
Views: 217

Re: USDA or Conventional Loan

USDA loans are no down payment loans, available in specific qualifying areas, sounds like you are in one. There are requirements to qualify for your loan, even if you are in an approved area. They are normally homes < 2K sq ft, and below market avg price, so also depends on what you were looking at ...
by fabdog
Mon Jun 17, 2019 7:30 pm
Forum: Personal Investments
Topic: charitable gift account ?
Replies: 13
Views: 796

Re: charitable gift account ?

These are called Charitable gift annuities. Essentially you give a charitable institution a lump sum, take a tax break (based on age and amount given) and get an income stream for life (or joint life). after your passing the institution keeps the gift The rates of return are regulated as I recall, s...
by fabdog
Mon Jun 17, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bequeathing an HSA
Replies: 7
Views: 769

Re: Bequeathing an HSA

I guess it will depend on how much you have in the HSA and how many heirs will inherit, and their tax brackets The amount will land as ordinary income in the year they inherit it. So let's say you have $100K and 2 heirs, they'll each get $50K and have it count as ordinary income that year. That may ...
by fabdog
Mon Jun 17, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Should wife take SS at age 62?
Replies: 6
Views: 759

Re: Should wife take SS at age 62?

https://opensocialsecurity.com/

Mike Piper posts here and there are many threads covering this tool/Q&A/enhancements

Mike