Search found 46 matches

by kxl19
Sat Nov 09, 2019 11:38 pm
Forum: Personal Investments
Topic: Muni guidance for $15m portfolio
Replies: 11
Views: 2955

Re: Muni guidance for $15m portfolio

I would not use an intermediate-term Treasury fund at the highest fed and CA marginal tax rates and current yields. Vanguard Intermediate-Term Treasury Index Fund Admiral Shares (VSIGX) has a TEY for OP (at assumed marginal tax rates stated in my last reply) of only 2.02% (SEC yield = 1.57%) with a...
by kxl19
Sat Nov 09, 2019 8:33 pm
Forum: Personal Investments
Topic: Muni guidance for $15m portfolio
Replies: 11
Views: 2955

Re: Muni guidance for $15m portfolio

With that income, I'm guessing you're in the top fed and state tax brackets. If you want to hold bonds in taxable, it seems like a mix of treasuries and muni would be a good option, treasuries for the state tax exemption and muni for fed tax exemption. I did some analysis on this topic before - for ...
by kxl19
Fri Nov 01, 2019 11:25 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1974
Views: 337636

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

E*Trade has a new (as far as I know) deposit bonus offer. If not, consider this a bump. https://us.etrade.com/what-we-offer/how-it-works/brokerage $100 -- $5,000–$24,999 $200 -- $25,000–$99,999 $300 -- $100,000–$249,999 $600 -- $250,000–$499,999 $1,200 -- $500,000–$999,999 $2,500 -- $1,000,000+ FYI...
by kxl19
Mon Oct 28, 2019 10:31 pm
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11859

Re: How to handle 5M capital gain (post-IPO)

The other way to avoid capital gains is to check if the business was a "qualified small business", and if you've held the shares for more than 5 years, it's 0% federal capital gains. Look up Section 1202 exclusion, the Qualified Small Business (if I remember correctly) is defined as a C corp company...
by kxl19
Fri Oct 25, 2019 7:20 pm
Forum: Investing - Theory, News & General
Topic: Which brokerage app allows specific ID sales?
Replies: 13
Views: 958

Re: Which brokerage app allows specific ID sales?

Thanks all for the comments so far. Fidelity - I was trying to sell a mutual fund (the 500 index) with various tax lots ,that explains why I didn't see the specID, but I do see it for ETF now. Vanguard - not sure why I never noticed the specific lots option (this is for VG mutual fund), but I see it...
by kxl19
Thu Oct 24, 2019 12:06 pm
Forum: Investing - Theory, News & General
Topic: Which brokerage app allows specific ID sales?
Replies: 13
Views: 958

Which brokerage app allows specific ID sales?

Hi all - I've been looking for a brokerage that allows specific ID sales of individual tax lots through their app. I've had experience with Vanguard and Fidelity, while you can do SPecID on the website, you can't do it in their app.

Are there any brokerages whose app allows for this?
by kxl19
Wed Oct 16, 2019 10:38 pm
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11859

Re: How to handle 5M capital gain (post-IPO)

I would definitely find out if any of your shares are qualified small business stock when you acquired them, as the fed cap gains is 0% if it was held more than 5 years from issue, and depending on your state, if it followed federal section 1202 exclusion, it could be 0% state too. I successfully us...
by kxl19
Fri Oct 11, 2019 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Offered 18-Month, 0% interest loan w/2% fee. Should I take the loan and invest or pass on the offer?
Replies: 72
Views: 5356

Re: Offered 18-Month, 0% interest loan w/2% fee. Should I take the loan and invest or pass on the offer?

Can you share more info about the lender? Is it a credit card or bank?

It's a great rate if you can beat the 2% fee. You may be able to deduct the cost of the fee as investment expenses, so depending on your tax bracket, the effective rate may be much lower.
by kxl19
Fri Oct 04, 2019 7:24 pm
Forum: Personal Consumer Issues
Topic: Besides Bogleheads, What Are Your Favorite Forums?
Replies: 113
Views: 21040

Re: Besides Bogleheads, What Are Your Favorite Forums?

Anybody here previously active on fatbonus or its successor truegangsta from the early 2000's?

I learned a ton about stats and bonus-hunting there, great life lessons. Wish I had contact info for those people even after the deals tried up.
by kxl19
Fri Oct 04, 2019 7:07 pm
Forum: Investing - Theory, News & General
Topic: Brokerages other than Fido/VG that have household login?
Replies: 1
Views: 300

Brokerages other than Fido/VG that have household login?

What I really like about Fido / VG is that they do account householding. (ie, my wife and I have separate logins, but we can see our accounts together in one view). It minimizes any risk of knowing what funds are available if one of us becomes incapacitated. With all the brokerage bonuses , I'm curi...
by kxl19
Tue Oct 01, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Efficient way of transferring Euro to USD
Replies: 19
Views: 1373

Re: Efficient way of transferring Euro to USD

Another easy option would be to sign up for the Transferwise borderless account ATM card. https://transferwise.com/us/borderless/card#price-comp I've done this - you get a IBAN number (based in Germany), which makes it easy to do intra-EU transfers, and a US-based ABA number. YOu can use the same ca...
by kxl19
Wed Sep 11, 2019 10:42 pm
Forum: Personal Investments
Topic: Bonds tax exempt: Vanguard Interm-Term Tx-Ex Adm VWIUX or Vanguard Long-Term Tax-Exempt adm VWLUX or High yield VWALX
Replies: 23
Views: 1823

Re: Bonds tax exempt: Vanguard Interm-Term Tx-Ex Adm VWIUX or Vanguard Long-Term Tax-Exempt VWLTX

VWALX does hold bonds subject to the AMT so if you are subject to AMT, VWIUX or VLUX are likely better choices. However, if you are not subject to AMT and are comfortable with an investment grade "A" bond fund, VWALX is an outstanding choice. This is an important point. Do not overlook this point. ...
by kxl19
Sat Aug 24, 2019 8:55 pm
Forum: Investing - Theory, News & General
Topic: Large gap in tax equivalent yield for similar duration (VGIT - interm Treasuries vs VWIUX interm muni)?
Replies: 12
Views: 1192

Re: Large gap in tax equivalent yield for similar duration (VGIT - interm Treasuries vs VWIUX interm muni)?

FWIW, my muni bond portfolio consists of dozens of very high quality muni bonds purchased one by one over many years in the secondary market (40% of my muni position is in AAA bonds and 55% is in AA bonds). Because of this, I decided to take a bit more risk and put some money into VWALX (Vanguard's...
by kxl19
Sat Aug 17, 2019 7:07 pm
Forum: Investing - Theory, News & General
Topic: Large gap in tax equivalent yield for similar duration (VGIT - interm Treasuries vs VWIUX interm muni)?
Replies: 12
Views: 1192

Re: Large gap in tax equivalent yield for similar duration (VGIT - interm Treasuries vs VWIUX interm muni)?

Your TEY calculations seem off to me (a bit too high). For example, in order to convert 1.56% to 2.80% in a national muni bond fund your marginal tax rate would need to be 45%. Remember this is a national muni fund and not state specific. It's good to have some second eyes on my calculations, we're...
by kxl19
Sat Aug 17, 2019 1:53 pm
Forum: Investing - Theory, News & General
Topic: holding ISOs to LTCG
Replies: 7
Views: 787

Re: holding ISOs to LTCG

I've been through a similar event, congratulations. One thing to consider is the Qualified Small Business Stock exemption for qualified stock held more than 5 years.. which allows for 0% federal capital gains (and potentially 0% state if your state follows the Section 1202 exclusion). It's a huge ta...
by kxl19
Sat Aug 17, 2019 1:15 pm
Forum: Investing - Theory, News & General
Topic: Large gap in tax equivalent yield for similar duration (VGIT - interm Treasuries vs VWIUX interm muni)?
Replies: 12
Views: 1192

Large gap in tax equivalent yield for similar duration (VGIT - interm Treasuries vs VWIUX interm muni)?

Out of curiosity I’ve noticed that the yield on Intermediate term muni bonds is 1.56% ( tax equivalent 2.8%) for me vs 1.73% ( tax equivalent 2.1%) for roughy duration treasuries (VGIT) In fact the intermediate term muni have a shorter duration (4.9 vs 5.2), so I’d expect lower yield. The spread see...
by kxl19
Mon Jul 22, 2019 3:49 pm
Forum: Personal Investments
Topic: What to do with Vesting Stock
Replies: 17
Views: 1341

Re: What to do with Vesting Stock

I would spreadsheet this out to see the full effects of AMT on your exact situation, and see where the risk/reward curve lies for you. Considering this situation seems to come up so frequently, I thought about updating my older spreadsheet for a post-TCJA world since often having a visual helps in ...
by kxl19
Sun Jul 21, 2019 2:12 pm
Forum: Personal Investments
Topic: What to do with Vesting Stock
Replies: 17
Views: 1341

Re: What to do with Vesting Stock

Congrats also on the liquidity event. I've been through a similar process and had similar questions on what to do with my ISO. One thing to consider - are your options eligible as qualified small business stock? (you can look up the criteria, but basically < $50m in cash assets at any one time, C co...
by kxl19
Sun Jul 21, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: Short-term Capital loss carryover - does it offset short term first, or long-term?
Replies: 3
Views: 533

Short-term Capital loss carryover - does it offset short term first, or long-term?

I'm familiar with the rules of short-term capital loss deductions in the current tax year.

What I don't know is, if there's a shorte term capital loss carryover to the next year, does it still offset in the same order? (short-term gain, then long-term gain, then income)?
by kxl19
Mon Jul 15, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to deposit Euros to a US Bank
Replies: 36
Views: 3046

Re: Best way to deposit Euros to a US Bank

Another option - depending on which part of China your partner is in, she could fly to Singapore, which has a strong network of money changers, well regulated by the government, with very competitive rates, and often better than the ATM when I'm changing USD / SGD. She could convert RMB to SGD->USD/...
by kxl19
Mon Jul 01, 2019 9:10 am
Forum: Investing - Theory, News & General
Topic: Calculating effective margin rate (after tax deductions)
Replies: 5
Views: 508

Re: Calculating effective margin rate (after tax deductions)

I've recently read about the interest tracing rules, which seems to allow HELOC interest to be deductible for investment purposes. I'm aware of the new TCJA rules about HELOC interest deduction must be for home improvement, but the IRS also says a taxpayer could elect to treat debt secured by a taxp...
by kxl19
Sun Jun 30, 2019 10:16 pm
Forum: Investing - Theory, News & General
Topic: Calculating effective margin rate (after tax deductions)
Replies: 5
Views: 508

Re: Calculating effective margin rate (after tax deductions)

Thanks all for the second look, I neglected to consider ordinary vs qualified. The vast majority of our dividends are qualified, so if I understand the tax tables correctly, QDIV is taxed at 20% our bracket + NIIT (3.8%) + state tax (~10%), so that's 33%. In our case, we meet all the other assumptio...
by kxl19
Sun Jun 30, 2019 1:15 pm
Forum: Investing - Theory, News & General
Topic: Calculating effective margin rate (after tax deductions)
Replies: 5
Views: 508

Calculating effective margin rate (after tax deductions)

Separate from any thoughts on whether margin is good or bad, how would I calculate the "Effective margin rate" after tax deductibility? Can someone check my logic below: Margin interest is deductible as long as there's net investment income. If we're at the 37% Fed bracket + NIIT + 10% state tax, an...
by kxl19
Sat May 04, 2019 9:33 am
Forum: Personal Investments
Topic: Company IPO'd. What's Next?
Replies: 37
Views: 4311

Re: Company IPO'd. What's Next?

Hi Bogleheads. The company I work at just IPO'd and I'll be receiving a large windfall from it. I'm 31, married, no kids, and live in a high COL city. We're renting for at least the next three years because we'll be moving then. My spouse and I make ~$300k/year. My equity is worth about $4M. I've b...
by kxl19
Sun Apr 28, 2019 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC -- with current mortgage lender?
Replies: 4
Views: 572

Re: HELOC -- with current mortgage lender?

There were no additional closing costs for the Third Federal HELOC for me. I actually got a $100 Home Depot gift card as part of the deal at the time. The process was very convenient; everything was done online with the exception of meeting in person at a local branch to close and sign everything. ...
by kxl19
Sun Apr 28, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC -- with current mortgage lender?
Replies: 4
Views: 572

Re: HELOC -- with current mortgage lender?

Sorry to revive an old thread, I just got a letter in the mail from ThirdFederal too, and this rate looks too good to be true. I'm looking to refi a HELOC that's at prime + 0%.

Where there any additional closing costs? How convenient was the process with Third Federal?
by kxl19
Thu Apr 25, 2019 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: QSBS tax deduction and RSUs
Replies: 3
Views: 353

Re: QSBS tax deduction and RSUs

I've been through this exact situation in a company that was a startup where my exercised options were eligible QSBS, then subsequently underwent IPO > 5years after my exercise. I used the exemption this year and saved a lot in taxes. My understanding: you need to be holding shares (issued directly ...
by kxl19
Sun Apr 07, 2019 8:21 pm
Forum: Investing - Theory, News & General
Topic: Rebalance after IPO windfall ?
Replies: 25
Views: 2883

Re: Rebalance after IPO windfall ?

My company went IPO and now my company shares represent a substantial part of my stock portfolio. Other than my company stock, I mostly just have the 3 fund portfolio. What is the bogleheads way of dealing with company stock ? Would you recommend selling (all or any) of my company shares and puttin...
by kxl19
Sat Mar 09, 2019 3:10 pm
Forum: Personal Investments
Topic: Help starting a T-bill ladder for EF.
Replies: 13
Views: 923

Re: Help starting a T-bill ladder for EF.

Kevin M had a great post on completing this same 6 month ladder within 3 months

Every month, buy a 3mo Tbill and a 6-mo bill. Repeat for 3 months.

As the 3 mo bills mature, roll into a 6-mo bill.

I’ve done this at Fidelity and it works perfectly
by kxl19
Wed Mar 06, 2019 10:05 pm
Forum: Personal Investments
Topic: Vanguard ACH Pull from Merrill Edge?
Replies: 4
Views: 560

Re: Vanguard ACH Pull from Merrill Edge?

Thanks all - my first few calls to ME didn't work to get the account number (they kept on wanting to send me a wire transfer form), but once I asked for "checkwriting" I was able to get the check ordered, and they gave me the routing/acct number over the phone. I'll keep funds at ME (trying to conso...
by kxl19
Wed Mar 06, 2019 10:18 am
Forum: Personal Investments
Topic: Vanguard ACH Pull from Merrill Edge?
Replies: 4
Views: 560

Vanguard ACH Pull from Merrill Edge?

I recently setup a Merrill Edge acct using the bonus, and want to be able to link my Vanguard account to do ACH pull from ME. I can't seem to find a ABA / routing number for my Merrill Edge account, and all the Merrill forms for fund transfer seem to be only ACH Push, which doens't work for Vanguard...
by kxl19
Wed Feb 06, 2019 5:48 am
Forum: Personal Investments
Topic: Timing a post-IPO stock options sale after initial lockout period
Replies: 9
Views: 786

Re: Timing a post-IPO stock options sale after initial lockout period

Hi all - I work for a company that had a successful IPO a few months back, and I have some vested options that are currently in the money in the mid 6 figures. Right now we're in a lockout period where we're not allowed to sell stock yet. I'm planning to exercise and sell a good portion shortly aft...
by kxl19
Wed Feb 06, 2019 5:45 am
Forum: Personal Investments
Topic: Timing a post-IPO stock options sale after initial lockout period
Replies: 9
Views: 786

Re: Timing a post-IPO stock options sale after initial lockout period

Congratulations on the milestone, I went thru similar IPO for the first time last year. I did some research on stock prices in our industry after lockups, and usually there's a small drop, but if there's enough volume, the lockup may not have too much of an effect. One thing to consider when timing ...
by kxl19
Tue Feb 05, 2019 11:43 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1974
Views: 337636

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

If I'm opening both a CMA and IRA account, is there any way to ensure that the bonus is deposited into the IRA? (ie, 100k in Roth and 100k CMA are transferred in - which account will receive the transfer bonus?)

This way the bonus can go in tax free vs. having to to deal with a 1099...
by kxl19
Wed Dec 19, 2018 11:51 pm
Forum: Personal Investments
Topic: Fidelity incorrectly coding a wash sale?
Replies: 4
Views: 542

Re: Fidelity incorrectly coding a wash sale?

Now that I look more closely, grabiner's explanation seems to make sense. Here's actual data from the Fidelity realized gain/loss table: Qty DateAcq Date Sold Proceeds Cost Basis Short-termGain 51.099 04/16/18w 12/10/2018 $5021.11 $5054.09 -$324.87 (odd, since our periodic invest is $5k) Wash Sale $...
by kxl19
Wed Dec 19, 2018 11:05 am
Forum: Personal Investments
Topic: Fidelity incorrectly coding a wash sale?
Replies: 4
Views: 542

Fidelity incorrectly coding a wash sale?

I did my first TLH recently, and it seems that Fidelity is incorrectly coding the wash sale. It seems to be related to the fund being partially as "marginable" and the other part as "cash" When I call them, they believe it's correct. How do I resolve this? Can I just claim my losses differently from...
by kxl19
Sun Dec 16, 2018 4:13 pm
Forum: Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 101
Views: 20416

Re: Fidelity Money Market Funds for everyday expenses

I've also recently consolidated our banking with investments at Fidelity (except for our 401ks, which are run by Vanguard). It's been a very pleasant process. I can get higher yield at FIdo using tax-exempt MM funds, as we're in the top tax bracket, which gives us a higher tax-equivalent yield than ...
by kxl19
Sun Dec 16, 2018 4:09 pm
Forum: Personal Investments
Topic: Any year-end limitations to tax-loss harvesting?
Replies: 4
Views: 498

Any year-end limitations to tax-loss harvesting?

Let's say I want to tax-loss harvest an index this month (Dec).. Are there any year-end implications to this? Ie - if I plan to move the funds into a TLH pair, am I able to do that anytime up to Dec 31 this year to claim the loss? (Provided I meet the other criteria, ie, no purchase of the same fund...
by kxl19
Sun Dec 09, 2018 12:22 pm
Forum: Personal Investments
Topic: Tax loss harvesting, Fidelity round-trip violation
Replies: 7
Views: 953

Re: Tax loss harvesting, Fidelity round-trip violation

My issue is not with the wash sale, but rather the Fidelity "excessive trading policy" that discourages the sale of a mutual fund less than 30 days after purchase. http://personal.fidelity.com/products/trading/Trading_Platforms_Tools/excessive_trading_policies.shtml Roundtrip Transactions We monitor...
by kxl19
Sun Dec 09, 2018 10:47 am
Forum: Personal Investments
Topic: Tax loss harvesting, Fidelity round-trip violation
Replies: 7
Views: 953

Tax loss harvesting, Fidelity round-trip violation

Need some advice on Fidelity's round-trip violation as it relates to tax loss harvesting. I DCA monthly into the Fidelity 500 index, and with the market downturn, would like to tax-loss harvest. However, I had an auto-purchase on Dec 1, and when I try to select the shares for TLH, I get the warning ...
by kxl19
Sat Jan 11, 2014 2:21 am
Forum: Personal Investments
Topic: Possibility to "undo" 2014 traditional IRA contribution?
Replies: 8
Views: 2547

Re: Possibility to "undo" 2014 traditional IRA contribution?

I do have an emergency fund, and none of those apply. It's a unique situation - I work at a startup and planned to use an IRA to buy my company's private shares. Obviously, Vanguard doesn't do that, but I'm looking at setting up a Custodian who has experience in buying private shares, and that's why...
by kxl19
Sat Jan 11, 2014 2:12 am
Forum: Personal Investments
Topic: Possibility to "undo" 2014 traditional IRA contribution?
Replies: 8
Views: 2547

Possibility to "undo" 2014 traditional IRA contribution?

Looking for some advice here: I made my contribution to a traditional IRA earlier this week, but something has come up now, and I may need that money for other purposes. I understand it's possible to take a distribution from my IRA, and there's going to be $0 gain, since it's been sitting in cash. I...
by kxl19
Sat Mar 16, 2013 11:46 am
Forum: Personal Investments
Topic: Confusion regarding taxability of Backdoor roth
Replies: 3
Views: 736

Re: Confusion regarding taxability of Backdoor roth

Thanks to both of you, with your help, I found the problem. Turns out I didn't file a Form 8606 last year, so I've corrected that, and now my $4k carry-forward works out, and I'm only taxable on the small earnings while in the traditional IRA.
by kxl19
Wed Mar 13, 2013 12:50 am
Forum: Personal Investments
Topic: Confusion regarding taxability of Backdoor roth
Replies: 3
Views: 736

Confusion regarding taxability of Backdoor roth

Hi all, Been following this forum for a while, but my first post here. I'm doing my taxes (Turbotax) for this year, and seemed to have run into an issue where Turbotax wants me to pay tax on a backdoor Roth. I'm doing the backdoor Roth because I didn't qualify due to the MAGI limits starting in 2011...