Search found 289 matches

by Gleevec
Mon May 13, 2019 11:29 pm
Forum: Personal Investments
Topic: Fund Fidelity DAF from Vanguard taxable
Replies: 7
Views: 639

Re: Fund Fidelity DAF from Vanguard taxable

I have always initiated at Vanguard and pushed to Fidelity. That way Vanguard is on the hook to get the cost basis right especially if they are covered shares. To be honest if you want to contribute covered and non-covered shares I'd do it as two contributions so hopefully there will be less chance...
by Gleevec
Mon May 13, 2019 9:30 am
Forum: Personal Investments
Topic: Foreign tax credit and donating appreciated shares DAF
Replies: 3
Views: 246

Re: Foreign tax credit and donating appreciated shares DAF

If I donate appreciated international fund shares to a DAF, do I get to keep the foreign tax credit for my own return? Once they're donated they belong to the DAF, not you. The FTC is for foreign taxes paid by you . These taxes are withheld from the dividends by the various foreign countries. So if...
by Gleevec
Sun May 12, 2019 10:30 pm
Forum: Personal Investments
Topic: Foreign tax credit and donating appreciated shares DAF
Replies: 3
Views: 246

Foreign tax credit and donating appreciated shares DAF

If I donate appreciated international fund shares to a DAF, do I get to keep the foreign tax credit pre-donation for my own return?
by Gleevec
Sat Apr 27, 2019 11:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Lowers 21 ETF Expense Ratios
Replies: 76
Views: 7653

Re: Vanguard Lowers 21 ETF Expense Ratios

@Gleevec, I am no uber-fan of Vanguard and don't have a lot of money invested with them. I don't think anyone on this forum can legitimately accuse me of giving Vanguard a pass. Just ask around. :) Your seriously paragraph was spot on. Point well taken, as an aside its rare on the internet nowadays...
by Gleevec
Sat Apr 27, 2019 10:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Lowers 21 ETF Expense Ratios
Replies: 76
Views: 7653

Re: Vanguard Lowers 21 ETF Expense Ratios

... for some is a way better deal. ... and that’s a tragedy What is the dollar amount of "a way better deal"? What is the dollar amount of "a tragedy"? Let's get serious. Nice editing, this is a internet messageboard not cable news, you can show the whole quote in context and respond if you like :)...
by Gleevec
Sat Apr 27, 2019 4:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Lowers 21 ETF Expense Ratios
Replies: 76
Views: 7653

Re: Vanguard Lowers 21 ETF Expense Ratios

Speaking of behavioral economics, the recent decisions to make mutual fund owners (esp Admiral share owners) second class citizens at Vanguard with higher ER relative to ETFs is the major reason (along with loss of Advantage account) I switched over to Fidelity. No minimums on their funds and with ...
by Gleevec
Sun Apr 21, 2019 1:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13381

Re: Vanguard Announces Plans to Launch Commodities Fund

Will this fund generate a K1? Does it have any tax advantages/disadvantages?
by Gleevec
Sun Apr 07, 2019 12:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Ups the Ante in an ETF Race to Zero - Fees are coming down on seven ETFs
Replies: 97
Views: 9282

Re: Vanguard Ups the Ante in an ETF Race to Zero - Fees are coming down on seven ETFs

The push from Vanguard to ETFs with lower ER than its corresponding Admiral mutual fund is going to push me all the way to Fidelity Zero funds (for the 4 fund types they currently have) to avoid all the ETF nonsense (bid/ask, non-recurring contributions)
by Gleevec
Sun Mar 24, 2019 6:10 pm
Forum: Personal Investments
Topic: High Tax bracket strategies
Replies: 49
Views: 4861

Re: High Tax bracket strategies

While I am not in the highest tax bracket, I do often recommend that investors in that tax bracket use munis, particularly if they can use funds for high-tax states. Most investors pay 15% federal tax on qualified dividends; in the top bracket, you pay 23.8%. Meanwhile, you pay the same federal tax...
by Gleevec
Sat Mar 23, 2019 10:23 am
Forum: Personal Investments
Topic: High Tax bracket strategies
Replies: 49
Views: 4861

Re: High Tax bracket strategies

sambb wrote:
Sat Mar 23, 2019 9:11 am
Take dividends in march in taxable acct - in cash instead of reinvest, and use to pay taxes
Mind explaining this one?

If you have time and tolerance, real estate has some tax advantages.
by Gleevec
Sun Mar 17, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 736
Views: 78067

Re: Fidelity as a one stop shop

Can someone explain clearly: Do you need both a brokerage account AND a CMA account to have a MM fund as a sweep account? Just trying to avoid having cash swept to a bank account (if I go this direction, which is uncertain). Please explain like I'm 14 years old how to optimize cash management at Fi...
by Gleevec
Wed Mar 06, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 31040

Re: [2018 tax return - How does it compare to previous years?]

Anyone else in Texas or other high property tax state get hit by SALT cap limit and owe more? The SALT cap change swamped the rate change for us. There were many changes in our return year on year, and I haven’t done a proper forensic analysis, but it appears to have cost us roughly 2% overall in e...
by Gleevec
Tue Mar 05, 2019 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 31040

Re: [2018 tax return - How does it compare to previous years?]

Anyone else in Texas or other high property tax state get hit by SALT cap limit and owe more?
by Gleevec
Mon Feb 04, 2019 10:43 pm
Forum: Personal Investments
Topic: Reversing Mega backdoor Roth for HCE for plan failing ACP
Replies: 2
Views: 191

Re: Reversing Mega backdoor Roth for HCE for plan failing ACP

TCJA prevents Roth recharacterization, or is that just if it was in a traditional IRA?

So do you just convert to Roth once a year in April? I am not sure how I would be informed if we failed ACP
by Gleevec
Mon Feb 04, 2019 10:05 pm
Forum: Personal Investments
Topic: Reversing Mega backdoor Roth for HCE for plan failing ACP
Replies: 2
Views: 191

Reversing Mega backdoor Roth for HCE for plan failing ACP

With the new TCJA rules re: Roth recharacterization, what would happen if an HCE rolled after tax money into a Roth, then subsequently plan fails ACP?
by Gleevec
Mon Feb 04, 2019 12:37 pm
Forum: Investing - Theory, News & General
Topic: MSCI was forced to add China into its emerging market index...
Replies: 23
Views: 2175

Re: WSJ article about MSCI and Conflict of Interest with China and EM index

Are there any solutions to this? No. There is a fair amount of subjective opinion when building a index. For example, "Free Float" and "Investable". They are important concepts but the exact implementation requires judgement. Should vanguard just switch over to internal index (they would save money...
by Gleevec
Mon Feb 04, 2019 12:33 pm
Forum: Investing - Theory, News & General
Topic: MSCI was forced to add China into its emerging market index...
Replies: 23
Views: 2175

Re: WSJ article about MSCI and Conflict of Interest with China and EM index

With China already being a heavyweight in existing emerging markets indices, adding even more weight to it is a bit worrisome as the country has some ... pretty unique characteristics. On the other hand, NOT including a huge market ($5.9T according to the article linked below) also doesn't sound li...
by Gleevec
Mon Feb 04, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: MSCI was forced to add China into its emerging market index...
Replies: 23
Views: 2175

WSJ article about MSCI and Conflict of Interest with China and EM index

https://www.wsj.com/articles/how-china-pressured-msci-to-add-its-market-to-major-benchmark-11549195201 Many fields have conflict of interest policies to prevent this sort of thing from happening, but I was surprised to learn: 1) indexing companies like MSCI are traded on the market 2) they can chang...
by Gleevec
Sun Feb 03, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: CA homes and new SALT limits
Replies: 48
Views: 5780

Re: CA homes and new SALT limits

TimeRunner wrote:
Sun Feb 03, 2019 8:15 pm

I'm OK with it helping out the lower tax states too. Enjoy.
Inverse has not been true (see response to Cali fires)
by Gleevec
Sun Feb 03, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: CA homes and new SALT limits
Replies: 48
Views: 5780

Re: CA homes and new SALT limits

yes, SALT is capped at 10k now, but the AMT threshold also increased to 500k/1M (single/married). in the previous law, if you're able to pay so much in SALT (more than the new 24k standard deduction), it also likely means you're paying extra taxes via AMT; not so anymore. for the most part everyone...
by Gleevec
Wed Jan 02, 2019 12:11 am
Forum: Personal Investments
Topic: After tax DCP 415c maximum question
Replies: 5
Views: 278

Re: After tax DCP 415c maximum question

The 402g employee elective contribution limit 2018/19 = $18.5K/$19K applies to all 401k, 403b, SARSEP and SIMPLE IRA plans combined. In your case 403b + your one-participant 401k. The 415c employee + employer annual addition limit applies separately to each unaffiliated employer. A 403b is consider...
by Gleevec
Tue Jan 01, 2019 11:01 pm
Forum: Personal Investments
Topic: After tax DCP 415c maximum question
Replies: 5
Views: 278

Re: After tax DCP 415c maximum question

Therefore, for 415c purposes the public university's 401a + 403b (same employer) and the public university's 403b + your one-participant 401k (under same control) must separately be aggregated . Your employee after-tax contributions are limited to the specific aggregation(s) involved. I'm sorry but...
by Gleevec
Tue Jan 01, 2019 9:07 pm
Forum: Personal Investments
Topic: After tax DCP 415c maximum question
Replies: 5
Views: 278

Re: After tax DCP 415c maximum question

Very grateful and impressed, thank you and happy new year!
by Gleevec
Tue Jan 01, 2019 7:37 pm
Forum: Personal Investments
Topic: After tax DCP 415c maximum question
Replies: 5
Views: 278

After tax DCP 415c maximum question

Hi, I’m a public university employee with 401a, 403b, 457. 1) Does unrelated 1099 consulting that is results in me doing an employer contribution to my solo 401k aggregate towards 415c limit? 2) I am confused by existing threads on if my mega backdoor Roth IRA limit (I don’t own 50% university, of c...
by Gleevec
Sun Dec 30, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Best online banking accounts?
Replies: 53
Views: 6589

Re: Best online banking accounts?

In my opinion, the best option is a Fidelity CMA account, though it's not a bona fide checking account, rather a brokerage account with checking features. Here's why I think it's the best: 1) 100% free. No fees. No minimums. 2) You can purchase Fidelity Money Market funds, which Fidelity considers ...
by Gleevec
Thu Sep 13, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 807
Views: 86603

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Additional useful information: SEC filing: https://www.sec.gov/Archives/edgar/data/819118/000137949118004650/filing788.htm Large Cap Index ticker: FNILX Extended Market Index ticker: FZIPX The large-cap index conveniently picks the 500 largest companies, while the extended market index picks everyt...
by Gleevec
Sat Aug 04, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 807
Views: 86603

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Touché, and still in a 401K there is a regular process for switching/adding/removing funds. So even if everyone on the committee wanted to add the zero fund it likely can only occur at certain intervals and with certain notices/blackouts (if they are swapping), etc. So it is basically inconceivable...
by Gleevec
Fri Aug 03, 2018 5:13 pm
Forum: Personal Investments
Topic: Retirement plan Fido Brokeragelink and FZROX and FZILX
Replies: 5
Views: 1002

Re: Retirement plan Fido Brokeragelink and FZROX and FZILX

Ah OK, thanks for explaining, was hoping brokeragelink was a workaround but turns out not
by Gleevec
Fri Aug 03, 2018 3:17 pm
Forum: Personal Investments
Topic: Retirement plan Fido Brokeragelink and FZROX and FZILX
Replies: 5
Views: 1002

Retirement plan Fido Brokeragelink and FZROX and FZILX

Has anyone been able to use Fidelity brokeragelink from their work retirement accounts to purchase FZROX and FZILX? I wasnt able and havent had success getting an answer from customer support yet
by Gleevec
Sun Jan 21, 2018 11:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 35930

Re: Flagship Private Jet?

I am still waiting to reserve my ride on the Flagship private jet to take me to the office ! blevine: I'm not sure Vanguard Flagship has a private jet. A friend of mine had a problem opening a large Flagship account. A senior Flagship employee flew to Miami to solve the problem. He flew on a commer...
by Gleevec
Sun Dec 31, 2017 11:54 pm
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 16869

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Sorry I may be confused still even though your explanation seems very clear in terms of both limits is being less than 55k. Another way to ask my main question is what is my maximum after tax 401a contribution for mega Backdoor Roth given that I have a side 1099 position with solo 401k that I am own...
by Gleevec
Sat Dec 30, 2017 5:18 pm
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 16869

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Also, to clarify, this means in the future I could theoretically contribute: 18k (457b) + 54k (401a) + 54k (solo 401k) + 5.5k (TIRA->Roth) = 131.5k In case you were not aware, the IRS announced the 2018 contribution limits. They are $18.5K employee deferrals to qualified plans, $18.5K 457b contribu...
by Gleevec
Thu Dec 21, 2017 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 67724

Re: Tax Bill Omnibus Thread

Anyone know if personal services corporation C corp is permitted at the 21% bracket, regardless of income?
by Gleevec
Thu Dec 21, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 67724

Re: Tax Bill Omnibus Thread

So for those of us with "side hustle" 1099 income (eg solo consulting, separate from our W2 day job wages) who are excluded from pass through tax relief, does it make any sense to become a C-corp?
by Gleevec
Wed Dec 20, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 141
Views: 12878

Re: Pass Through Entities Questions Thread

I'm also curious if anyone has seen a good analysis on larger pass through corporations (beyond the $315k pass through deduction limit) that are service providers becoming C-Corps. Seems like the lowered tax rate for earnings retained in the company added to the ability to deduct SALT taxes and no ...
by Gleevec
Thu Dec 14, 2017 2:02 am
Forum: Investing - Theory, News & General
Topic: total contribution limit question (401a 403b 457b IRA)
Replies: 5
Views: 1170

Re: total contribution limit question (401a 403b 457b IRA)

By “in a business” do you mean the same institution/company providing 403b, or if we have unrelated side 1099 income as an owner this would affect our w2 limit?
by Gleevec
Sun Dec 03, 2017 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Out of state S Corp for consulting?
Replies: 8
Views: 741

Re: Out of state S Corp for consulting?

I wouldn't go making any changes just yet. Wait for the final bill. The Senate's pass-through deduction applies to sole proprietors, partnerships and S-Corps. However, this is actually less valuable for S-Corps. Their deduction is limited to 50% of W-2 wages. Thanks Spirit Rider, I am always impres...
by Gleevec
Sat Dec 02, 2017 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Out of state S Corp for consulting?
Replies: 8
Views: 741

Re: Out of state S Corp for consulting?

First question first. Why do you believe that an S-Corp is the appropriate choice for this additional income. There are many cases where an S-Corp is not the best choice. I will give you one example. If your other W-2 income + the S-Corp shareholder-employee W-2 income >= the Social Security (SS) m...
by Gleevec
Sat Dec 02, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Out of state S Corp for consulting?
Replies: 8
Views: 741

Re: Out of state S Corp for consulting?

How about just in terms of saving on incorporation fee? Or is it best just to do in state I live in even if consulting mainly done out of state?
by Gleevec
Sat Dec 02, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Out of state S Corp for consulting?
Replies: 8
Views: 741

Out of state S Corp for consulting?

Hi,
I currently have a W2 job but also do 1099 consulting work for which I travel 90%+ out of state (though to different states, I don’t live in any of them, and no physical business presence aside for myself ). Can I form an S Corp out of state to reduce state burden?
by Gleevec
Thu Nov 23, 2017 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Electric car tax credit if financing?
Replies: 1
Views: 280

Electric car tax credit if financing?

Hi,
If I wanted to finance the purchase of an electric car, would I get the entirety of the electric car tax credit? What if the tax credit goes away during the span on the financing period?
by Gleevec
Sun Sep 10, 2017 12:18 am
Forum: Personal Investments
Topic: University of California Retirement Plan Proprietary Funds
Replies: 21
Views: 2978

Re: University of California Retirement Plan Proprietary Funds

I haven't dealt with the UC plan since I graduated and rolled my plan over into an IRA. However, I checked the PDF you posted. It seems to be mostly focused on returns and benchmarks. Interestingly enough though, Fidelity still lets me access the UC plan details from NetBenefits. As you noted, the ...
by Gleevec
Mon Jul 03, 2017 12:13 am
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 21574

Re: Bogleheads: you should be buying 10-year old cars

And right on schedule, this thread transforms from an over generalization that we must all drive beaters, to an overgeneralization that all older cars are death traps, to the wild fantasy that self driving cars are about to go extinct. Just like every other BH car thread :twisted: Except the origin...
by Gleevec
Sun Jul 02, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 21574

Re: Bogleheads: you should be buying 10-year old cars

Sure it's cheaper, but my wife gets nervous with cars that old, so you need to deal with intangibles like this. I know how you feel. My wife gets nervous on commercial airliners so we had to pony up for our own jet. Wrong analogy. The better one is would you choose to fly ValuJet or JetBlue for $20...
by Gleevec
Sat Jul 01, 2017 9:36 pm
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 21574

Re: Bogleheads: you should be buying 10-year old cars

Thread title should have been "Cheapskates" rather than "Bogleheads" Yes, for some reason some BHs enjoy playing the game "more frugal than thou." i am a BH in order to choose what I spend money on (e.g., cars, education, housing, etc.). Well the main issue is 10 year old cars have inferior safety-...
by Gleevec
Tue Jun 13, 2017 12:09 am
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 16869

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

401a: $54,000 minus employee UCRP mandatory contribution No. There is a 54k limit on contributions to the UCRP defined benefit plan, and a separate 54k limit on contributions to the 401(a) defined contribution plan. In each case, "contributions" means sum of employer and employee contributions to t...
by Gleevec
Sat Apr 01, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 14298

Re: Not opting for 529... anyone else?

Not sure why there is so much back and forth on this, this is a decision driven by math-- though it seems everyone's parameters are different which may explain the disagreement. Take a look at one of the 529 calculators and see how it works out for you: https://www.calcxml.com/calculators/529-colleg...
by Gleevec
Mon Mar 20, 2017 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Maximum contribution for 403B, 457 & SEP IRA combined?
Replies: 14
Views: 3185

Re: Maximum contribution for 403B, 457 & SEP IRA combined?

I'm not sure I've ever been wrong before, this may be a first, but I'll ask my wife. I'm pretty surprised by this and after searching Google there are absolutely differing opinions (Ed slot, Fairmark agree with me). I actually used to work with HCEs who participated in multiple non profit plans and...
by Gleevec
Thu Oct 27, 2016 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Health FSA can pay for HDHP expenses?
Replies: 4
Views: 605

Spouse Health FSA can pay for HDHP expenses?

Hi all. Anyone know if my spouse's health FSA can be used to pay for family HDHP expenses?
by Gleevec
Sat Sep 24, 2016 4:35 pm
Forum: Investing - Theory, News & General
Topic: Harvard Endowment Losses Tied to Value Stocks
Replies: 57
Views: 7739

Re: Harvard Endowment Losses Tied to Value Stocks

Bloomberg View has a recent article on this. The author (probaly not a fan of indexing, ...) thinks the issue was Harvard getting rid of one of the rare successful active management teams in the industry (because of pressure from doners on costs) and then replacing them with another, much less succ...