Search found 585 matches

by fabdog
Tue Jun 25, 2019 8:01 am
Forum: Personal Consumer Issues
Topic: Going to Ireland in July
Replies: 11
Views: 532

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: 10
Views: 420

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: 1353

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: Buying new construction inventory home. Seemingly standard feature appears missing. What to do?
Replies: 41
Views: 2354

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: 420

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: 2368

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: 890

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: 890

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: 7
Views: 299

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: 739

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: 863

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: 776

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: 863

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: 1782

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: 9
Views: 1308

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: 338

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: 273

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: 446

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: 193

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: 750

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: 733

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: 731

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
by fabdog
Mon Jun 17, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Selling Home - When to Reduce Price?
Replies: 27
Views: 2044

Re: Selling Home - When to Reduce Price?

What does your agent say? When you had the (at least) 3 brokers in to give you their pitch on how to price and how they would market the home, what did they say about the local market and and what pace you should expect showings, how active is the market, etc? So if this is normal for your area in t...
by fabdog
Mon Jun 17, 2019 7:37 am
Forum: Personal Finance (Not Investing)
Topic: How to pay homeowner's insurance, escrow or bank account?
Replies: 11
Views: 793

Re: How to pay homeowner's insurance, escrow or bank account?

I had escrows on mortgages, and although most of the time it went smoothly, there were more than enough hiccups causing me to have to chase after insurance and tax payments to make me wish I didn't have it. With the mortgage paid off, it's simple. I have the homeowners set to autobill the rewards cr...
by fabdog
Sun Jun 16, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: IRA to 529 Transfer?
Replies: 1
Views: 138

Re: IRA to 529 Transfer?

Not aware of any way to turn IRA withdrawal from pre tax money into non pre tax money (529 or elsewhere) As you noted, you are escaping the 10% penalty, but the withdrawals will be income to you I am not clear on what tax law changes made it harder for you last year? Assuming you are trying to go fo...
by fabdog
Sat Jun 15, 2019 12:07 pm
Forum: Personal Consumer Issues
Topic: Windows: Milgard Ultra vs Marvin Infinity vs Starmark Evo (Okna 7500) vs VistaMark
Replies: 18
Views: 1387

Re: Windows: Milgard Ultra vs Marvin Infinity vs Starmark Evo (Okna 7500) vs VistaMark

no offense, but you're likely to get much better responses on a site more focused on home improvement/contractors

Mike
by fabdog
Fri Jun 14, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Sellers assist or reduction in price
Replies: 13
Views: 942

Re: Sellers assist or reduction in price

but this house has a lot of internal upgrades, which drew us to it. My realtor says they didn't want to go through showing the house again. They are moving to FL and settling in a house on 7/9. They just want the house sold. As for my wife. In her mind she was done with the house once the stucco re...
by fabdog
Fri Jun 14, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Sellers assist or reduction in price
Replies: 13
Views: 942

Re: Sellers assist or reduction in price

Little more context. We were going up against other bids and we got the contract. I asked my realtor to run comps and she was seeing comps around 450s from a few yrs ago but this house has a lot of internal upgrades, which drew us to it. We went into contract and did inspections. Home inspection ca...
by fabdog
Fri Jun 14, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Sellers assist or reduction in price
Replies: 13
Views: 942

Re: Sellers assist or reduction in price

When you say "respond to the seller" does that mean you have already made an offer and they have countered it, so you need to accept, or create another counter offer? If you think the house is a good buy at $440K, why didn't you make that or less your original offer? If the patio needs fixing you ca...
by fabdog
Thu Jun 13, 2019 11:28 am
Forum: Personal Investments
Topic: DIY for UHNW
Replies: 41
Views: 2832

Re: DIY for UHNW

I don't see anything radically different, other than just the sum... If it was $3 million instead of $30 million, would you feel differently? The allocation looks fine, conservative is fine, I might be even more conservative since as you say, you've won the game. I'd focus on your timeline for diver...
by fabdog
Thu Jun 13, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Computing taxes on conversion (simple question)
Replies: 2
Views: 316

Re: Computing taxes on conversion (simple question)

Yes, assuming you mean you converted it to a Roth, the ~$6200 will show up on a 1099 form in January, and you'll enter it into TT/HR Block/other tax software.

It will show up on a separate line from your W2 income, but yes, will just add to your total AGI

Mike
by fabdog
Thu Jun 13, 2019 8:12 am
Forum: Personal Consumer Issues
Topic: Texas resident buying car in Alabama
Replies: 3
Views: 395

Re: Texas resident buying car in Alabama

you could ask the dealer (assuming it's at a dealer) if they would sell it to you now, and hold it on their lot for you?

Mike
by fabdog
Wed Jun 12, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Hsabank to fidelity-HSA
Replies: 29
Views: 1982

Re: Hsabank to fidelity-HSA

no need for the CMA in the middle. You can just have it sent directly to the Fidelity HSA. As noted, a pretty seamless process If you want to try and avoid the $25 fee for closing the HSA Bank account, you can withdraw all the money, and then deposit in the Fidelity HSA. there is a spot on the Fidel...
by fabdog
Wed Jun 12, 2019 4:59 pm
Forum: Personal Investments
Topic: Best HSA account as of June 2019?
Replies: 14
Views: 1014

Re: Best HSA account as of June 2019?

There have been a number of posts on this topic, you can use the search box... I'm not sure there is one that hits all 3 of your criteria, but you can certainly do far worse than Fidelity, it hits 2 of your 3 criteria and with a slight modification hits all your criteria No fees No min balances, no ...
by fabdog
Wed Jun 12, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: 40+% increase in auto policy (GEICO) - normal?
Replies: 74
Views: 4451

Re: 40+% increase in auto policy (GEICO) - normal?

I just renewed Geico, no increase for me this year. I did get quotes this year, as I do every 2 years. Geico was lowest for me where I live. There are many threads here on getting auto quotes with tons of advice, search in the box at upper right There is no one size fits all best answer. You can get...
by fabdog
Wed Jun 12, 2019 2:13 pm
Forum: Investing - Theory, News & General
Topic: Investing or Tax Advice (not determined)
Replies: 8
Views: 562

Re: Investing or Tax Advice (not determined)

We can generalize all day long... but the devil is in the details on these items... so "broad based" truisms may or may not work out well for your particular situations, as you mentioned the medical deductions as well, which would point towards reducing AGI... But as noted above, no real substitute ...
by fabdog
Wed Jun 12, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about investing when self-employed but not incorporated
Replies: 7
Views: 479

Re: Questions about investing when self-employed but not incorporated

The vanguard link says up to 25%... that's for corporations As I understand you're self employed, so there is a calculation to run through to get the max you can contribute as the employer part. In the end 20% is the max for self employed. First link is IRS, 2nd has a nice summary and a calculator h...
by fabdog
Tue Jun 11, 2019 7:21 pm
Forum: Personal Investments
Topic: Same fund, different expenses
Replies: 2
Views: 241

Re: Same fund, different expenses

TRP is paying Nationwide .5% to distribute the fund. that's the 12b-1 fee...

Since Nationwide is running your SO's plan they are offering a share class that pays them, vs buying direct from TRP, they will sell you a share class that does not have the 12b-1

Mike
by fabdog
Tue Jun 11, 2019 3:08 pm
Forum: Personal Investments
Topic: How does this international fund available in my 401k compare with something like VTIAX?
Replies: 3
Views: 294

Re: How does this international fund available in my 401k compare with something like VTIAX?

This fund is most likely a collective investment trust that Northern Trust is providing to your plan sponsor, so it won't have a "ticker" Look and see if your plan has a page on its website that shows historical performance, mine does. If not, as noted above, you can use a proxy like IXUS to see how...
by fabdog
Tue Jun 11, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Land vs House Value when selling a Rental Property
Replies: 2
Views: 262

Re: Land vs House Value when selling a Rental Property

The land will get reported separately on form 4797 from the building (land section I, building Section III) Part III on the sale of the building will determine how much depreciation recapture and any other ordinary income. So depending on how much depreciation you had claimed vs what you have for pr...
by fabdog
Tue Jun 11, 2019 1:38 pm
Forum: Personal Investments
Topic: Help me analyze small value in my 401K
Replies: 5
Views: 374

Re: Help me analyze small value in my 401K

The fund in your 401(k) is likely a Vanguard collective investment trust, so you won't find a ticker for it. The fees are very low The delta in the funds is likely a result of them tracking different indexes The CIT in your 401(k) is tracking the Russell 2000 VSIAX tracks the CSRP small cap value in...
by fabdog
Tue Jun 11, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5514

Re: Is it Wise to Remove Escrow if Bank Allows it?

by alpenglow » Wed Jun 05, 2019 11:13 am CAsage wrote: ↑ Tue Jun 04, 2019 4:04 pm Another really good reason to control your own Property Tax payments is the option to "bunch" that deduction every other year, should that allow you to itemize. Works in some circumstances, especially if you are close...
by fabdog
Tue Jun 11, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about investing when self-employed but not incorporated
Replies: 7
Views: 479

Re: Questions about investing when self-employed but not incorporated

If you have self employment income that results in profits, you should pay quarterly estimated taxes, assuming your net income for the quarter is enough for you to have a taxable income for the year. If your expenses wipe out most of your income in a quarter, you may not have much if anything to rep...
by fabdog
Tue Jun 11, 2019 8:51 am
Forum: Personal Investments
Topic: Capital gains on annuity
Replies: 4
Views: 388

Re: Capital gains on annuity

All earnings in an annuity are ordinary income. That's one of the drawbacks of annuity (if you can find a good low fee one) vs a taxable account Fidelity will withhold income taxes for you, for both federal and state, and you should be able to tell them what % you want held back Depending on whose n...
by fabdog
Mon Jun 10, 2019 8:38 am
Forum: Investing - Theory, News & General
Topic: Interest rates of I bonds from 6 years ago ...
Replies: 3
Views: 470

Re: Interest rates of I bonds from 6 years ago ...

The bonds change every 6 months based on date of issue. See below for the schedule. That said, once June rolled around, your March and May bonds for 2012 should have both adjusted to the same rate. Unless you looked late May and the May 2012 bond hadn't adjusted yet and was still on the prior 6 mont...
by fabdog
Mon Jun 10, 2019 8:23 am
Forum: Personal Investments
Topic: HSA investment advice
Replies: 25
Views: 2357

Re: HSA investment advice

Health Equity will charge .33%/yr as their fee for investments you make through their platform, in addition to the fees of the fund(s) you select. I believe they require $2K to be kept in the cash portion of the account Is there any reason you wouldn't consider these funds just a part of your AA and...
by fabdog
Sun Jun 09, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Catch up contribution vs profit share contribution i401k
Replies: 4
Views: 277

Re: Catch up contribution vs profit share contribution i401k

no tax advantage as they are both deductible. Where the catch up helps is if you don't have enough business earnings. Then the extra $6K catch up can help you get to the $56K limit. If your business has sufficient earnings that you can max out the $56K in your solo 401(k) then how you allocate up to...
by fabdog
Sun Jun 09, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Moving mid-year, 529 tax break in both states?
Replies: 9
Views: 722

Re: Moving mid-year, 529 tax break in both states?

If you roll the funds into another states account, they will claw back the taxes you saved. It does not matter if you have moved out of Virginia As an example, I still have funds for my youngest in a NM 529 plan, even though we have not lived there since 2008. It's not a horrible plan, and I don't w...
by fabdog
Fri Jun 07, 2019 12:08 pm
Forum: Investing - Theory, News & General
Topic: Portfolio that maximizes number of profitable months
Replies: 5
Views: 383

Re: Portfolio that maximizes number of profitable months

Savings account or money market fund :)

They would be "green" each month assuming you weren't worried about inflation or taxes

Mike
by fabdog
Fri Jun 07, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Moving mid-year, 529 tax break in both states?
Replies: 9
Views: 722

Re: Moving mid-year, 529 tax break in both states?

Yes, Virginia does recapture

Mike