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Copernicus

For each month since 1993, I subtracted the returns of the diversified portfolio from the returns of the S&P 500 assuming an initial $100 investment (so the index value starts at 100) then plotted the cumulative return. https://i.imgur.com/s7tJyp1.png?1 When the index is above 100, the diversified ...

Copernicus

They are all very similar. If I were looking into this, I would just pick the in-house one that does not cost a trading fee. After buying it, don't watch the investment too much; just "Stay the Course"!

Copernicus

Where do you get your TLH opportunities, and does TLH benefit count for any significant return in your portfolio? I have not found sufficient TLF opportunities to the the concept very seriously. The market has been in a general up trend, most Bogleheads invest for the long term, hold only a few asse...

Copernicus

In Morningstar, If I start with a growth chart of VFINX and compare a stock with it, does the chart include reinvested dividends of the stock in it's growth numbers? Does anyone know?

Copernicus

Go to morningstar.com and enter the symbol for your stock. It will give you the total return (includes reinvested dividends) for various time periods. You can look up the symbol for the S&P 500 index fund and observe total returns for the same periods, and make the comparison you desire. Morningsta...

Copernicus

I have some individual stocks bought in the pre-Bogleheads days. I need to compare the total return on each against S&P 500 total return. In Morningstar, If I start with a growth chart of VFINX and compare a stock with it, does the chart include reinvested dividends of the stock in it's growth numbe...

Copernicus

I am also looking into QDI to select ETFs to hold for many years. I suppose that QDI of a fund can change due to events during a calendar year. However, does a QDI of a fund or ETF change significantly and trend higher/lower over several years? (If it does, then this strategy may not be a great one...

Copernicus

I am also looking into QDI to select ETFs to hold for many years. I suppose that QDI of a fund can change due to events during a calendar year. However, does a QDI of a fund or ETF change significantly and trend higher/lower over several years? (If it does, then this strategy may not be a great one?)

Copernicus

flyingaway wrote: ↑
Wed May 16, 2018 7:10 pm
Because otherwise you would have worked too long.

+1 !!

Copernicus

If you want an accurate HR monitor, look for a chest-strap and avoid the wrist monitors. At this point, anything from Suunto, Garmin and Polar will function as well as any normal person needs them to. I was going to make the same point. Wrist based are ok, but you have to go chest strap if you want...

Copernicus

Plan A: - Reduce risk level of overall portfolio, Wider rebalancing bands to just control risk level, not grow principal by buying low/selling high Not sure what this means, not rebalancing as often would seem to increase risk. - Moderate future growth of IRAs and RMD by concentrating taxable bonds...

Copernicus

I think plan A is reasonable. A couple other considerations that may or may not be relevant to your situation. 1. Set up contingent beneficiaries for the bigger IRA. (This supposes that there are children to whom one would want to bequeath all or part of an IRA.) Leave instructions for surviving sp...

Copernicus

Retirement strategy up here for comments: Background: - Both spouses older than 60 yrs. - One, older spouse retired, second spouse would enjoy working for another 4 years. Both have IRAs. - The bigger IRA RMD 4 yrs away, smaller IRA RMD 10 years away. - Sufficient funds in bigger IRA to pay for annu...

Copernicus

If one was to calculate using your and Morningstar methods, the numbers will be different. However, the rank order should remain the same. Am I correct? I don't think you are correct. So much depends on one's personal taxes and morningstar makes a big assumption about that which does not apply to t...

Copernicus

I'm still waiting for Morningstar to explain how their tax cost ratios for VTSAX and VTI can both be simultaneously correct considering that the two share classes have identical stakes in the underlying fund. In the meantime, I use my own calcuations . Thank you, triceratop. Your calculations are u...

Copernicus

To decide tax efficient place for certain ETFs in my tax deferred and taxable accounts, I looked at their Tax Cost ratios on Morningstar. I found that international stock index ETFs are better than, but not too much better than BND. The rank order is consistent with the wiki, but I thought I will po...

Copernicus

Thank you, Wagnerjb!

Copernicus

I checked my 2016 and earlier returns prepared by an accountant. In all those years, he had listed carryover FTC numbers at the end of the Fed return printout he gave me, but there was no entry on line 10, Form 1116 and AMT 1116. Why he did not use CO, which I think might have given me a bigger ref...

Copernicus

I checked my 2016 and earlier returns prepared by an accountant. In all those years, he had listed carryover FTC numbers at the end of the Fed return printout he gave me, but there was no entry on line 10, Form 1116 and AMT 1116. Why he did not use CO, which I think might have given me a bigger refu...

Copernicus

I don't fully understand your questions, but: You might have had a "regular tax" carryover statement and an "AMT" carryover statement. Or you may have a carryover statement that shows what credits are available for this year, and another carryover statement showing what credits are available for ne...

Copernicus

First year using TurboTax. Until now, the tax accountant has two pages of Foreign Tax Carryover Statement. Pages 1 and 2 have the same title, but numbers are different, page 2 numbers are higher. He says he had used Simplified Method for foreign tax credit. I paid AMT each year. My foreign tax paid ...

Copernicus

I attended the virtual meeting, my first one on 3/13, and found it really useful! THANKS to the organizers and presenter!

Copernicus

Wonderful! Thanks to both replies!

Copernicus

Form 1116 (regular) shows lower foreign tax credit than AMT Form 1116. Why does TurboTax use the smaller amount on 1040 line 48?

Copernicus

Last year, my accountant filled out regular Form 1116 and also AMT Form 1116 for foreign tax of $1526 paid on foreign income of $ 11293. Since he filled both regular and AMT 1116 forms, I suppose that he did not use the "simplified method". I called the accountant 2-3 times, but he is not responding...

Copernicus

I would like to join virtual discussions. I just emailed a request to the email address given. Do I need to do more?

Copernicus

sounds correct about the simplified method not being used. About line 30 being the same on both forms........what was the foreign tax paid? Perhaps the same number? Line Foreign tax paid on both regular F1116 and AMT F1116 was the same = $1526. Remember the FTC compares 2 numbers.....the amount of ...

Copernicus

from instructions for F6251 p13/14 https://www.irs.gov/pub/irs-pdf/i6251.pdf Is line 17 on both forms the same? That would suggest simplified limitation election was used. The forms don't necessarily give the same results even if this election was used. "Simplified Limitation Election You may elect...

Copernicus

kaneohe wrote: ↑
Mon Mar 05, 2018 2:08 am
Which simplified method are you talking about?

Simplified AMT Foreign Tax Credit Limitation.

Copernicus

First year doing own taxes using TurboTax. Last year (and in the past), the accountant filled out regular Form 1116 and also AMT Form 1116 for foreign tax of ~11300. Since he filled both 1116 forms, I suppose that he did not use simplified method. This year, I need to be consistent with the past, he...

Copernicus

We always apply ours toward estimated taxes so never receive a penny in cash or our accounts. Most times the tax is pretty close to what we’ve paid in estimated taxes but sometimes it’s pretty far off due to fluctuating income and dividends. State refund of 2017 will raise 2018 Fed taxable income. ...

Copernicus

djpeteski wrote: ↑
Thu Jan 25, 2018 3:16 pm
Apply it to next year's estimated tax.

State refund of 2017 will raise 2018 Fed taxable income. If you apply 2017 state tax refund to 2018 state tax, you would not receive refund amount, it will sit in state account. Does that lower 2018 FED taxable income?

Copernicus

California resident: I expected to earn good income from self-employment during 2017, like the years before, but it dropped in 2017. :annoyed Made estimated tax payments each quarter based on past income trend. Moreover, we made significant donations to our Donor Advised Fund in 2017. Our 2017 tax r...

Copernicus

California resident I expected to earn good income from self-employment during 2017, as I did in the previous three years, 2014 to 2016. Accordingly, I had calculated 2017 estimated tax payments for both Fed and State. I never picked up great income from self-employment. However, I continued to make...

Copernicus

Completely new to password managers. Will use Dashlane on iMac and PC. I do not want to store my passwords in the cloud, only on my computer/s. I read that Free vesrion Dashlane can be used on only one device? Does that mean I can not use it on both iMac and PC? Thanks.

Copernicus

No one knows the future of markets and all predictions are best taken as a grain of salt. However, Ray Dalio's comments and point of view are interesting. www.bloomberg.com/news/articles/2018-01-24/billionaire-dalio-says-bond-market-has-moved-into-bear-phase yeah buying opportunity for bonds is com...

Copernicus

Barron's has this article: https://www.barrons.com/articles/the-ticking-time-bomb-in-the-municipal-bond-market-1517020424 In case you hit the paywall, here is the central argument: “We are increasingly wary of high pension exposure, especially among state and local credits,” the Barclays muni-resear...

Copernicus

I have a very similar problem. In the late 70's, early 80's I received shares through an ESOP. I cannot find any of my records going back that far. Stocks have been transferred through multiple brokerages and I have no idea of cost basis. I plan to hold onto them until I'm gone at which point they ...

Copernicus

Do you make charitable donations? Are you still itemizing? I had a few shares with same problem and rather that deal with the accounting uncertainties, I donated them to DAF, got the tax writeoff for the fair market value and didn't have to worry about the cost basis. https://www.fidelitycharitable...

Copernicus

Eventually, when I sell those shares, what do I need to do to report cost basis? How does the IRS determine validity of numbers? The IRS will accept $0 as the cost basis. If you want to provide a higher basis, you should have some reasonable justification for it. Do you have any notes in a tax fold...

Copernicus

Long time ago, I had received a few shares from employer's stock options. The company was acquired by another company, and the site closed. I had received a few shares from employer's stock options. The shares are so old that I do not have records of the stock grant and cost. When the shares were tr...

Copernicus

I just set my contributions to all go to bond funds. That didn't keep up with the crazy stock climb, so I just did my rebalance in Dec. Still 100% contributions buying bonds and I hope they still don't keep up and I need to do an out of cycle rebalance into bonds (and not the other way around :mrgr...

Copernicus

As the stock markets have climbed rapidly, how many times did you rebalance during the 12 months?
Or, did you wait for your annual rebalancing date?
Do you go strictly by pre-set rebalancing bands? - or approximately in a range around your rebalancing trigger?

Copernicus

bottlecap wrote: ↑
Wed Jan 17, 2018 1:34 pm
Age minus 13 is reasonable. I hope you feel better.

JT

I am not familiar with Age-13. Where does it come from?

Copernicus

If you definitely will not need the money back in 2 years, your savings after 2 years would be higher, as it seems that you live frugally; appropriate for the BH philosophy. Looks like you should have the flexibility of not selling the CA muni fund and use some of your savings or CD money for down p...

Copernicus

how much of last year’s data from accountant’s will i have to enter into TT 2017 manually? Is there no way to get That data from pdf file or something? Thanks.

Copernicus

First year to do DIY taxes using TT. - Looks like Costco sells only CD version? Need to work taxes on both a Mac and a PC. New Mac has no disc drive. If I buy CD version, I can not work on Mac. (one Costco review complains about this) - If I buy online version, does software license allow to downloa...

Copernicus

Have you previously decided on an overall allocation plan for your investable assets (usually referred to on this forum for short as "AA" = "asset allocation")? The standard "minimal" decisions we make here are (1) % of stocks versus fixed income in general (2) within your stocks, % of domestic ver...

Copernicus

Spirit Rider,
Thank you for explaining this so clearly!
c

Copernicus

I have used an accountant for taxes in the past, but serious about switching to DIY using TurboTax (or another software, if easier/more clear to use). I understand that TurboTax can online import W-2 and year-end tax statements from brokerages like Schwab and Vanguard. Correct? What about previous y...

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