Search found 4005 matches

by placeholder
Wed Nov 13, 2019 7:12 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

snowman wrote:
Mon Nov 11, 2019 7:43 pm
What happened to Earl? Anybody knows?
You can also PM me.

Edit: To clarify he's just fine and filling up former boglehead time with the new game he's playing called endless sky.
by placeholder
Tue Nov 05, 2019 6:59 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4116
Views: 1174695

Re: What Book Are You Currently Reading? Part VI

Elsebet wrote:
Tue Nov 05, 2019 1:30 pm
Yes I am now finding that out halfway through, very disturbing.
Worse it's based on a true story.
by placeholder
Tue Nov 05, 2019 12:54 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4116
Views: 1174695

Re: What Book Are You Currently Reading? Part VI

Elsebet wrote:
Mon Oct 28, 2019 1:26 pm
"The Girl Next Door" by Jack Ketchum. Only about 70 pages in and it reminds me of Stand By Me so far.
Oh it's not much like that at all.
by placeholder
Sun Oct 13, 2019 6:04 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I have opened a number of Edge accounts for new bonuses as I try to get some every year.
by placeholder
Fri Oct 04, 2019 1:16 pm
Forum: Investing - Theory, News & General
Topic: If all brokerages charged zero commission for trades, which brokerage would you pick?
Replies: 75
Views: 6807

Re: If all brokerages charged zero commission for trades, which brokerage would you pick?

Probably mentioned elsewhere in the forum but I received email from Etrade today announcing they were going to start $0 commissions on Monday.
by placeholder
Thu Oct 03, 2019 1:44 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Doesn't necessarily mean that they'll be getting rid of bonuses because when everyone is zero they'll be back to figuring out how to attract assets.
by placeholder
Wed Oct 02, 2019 1:57 pm
Forum: Investing - Theory, News & General
Topic: If all brokerages charged zero commission for trades, which brokerage would you pick?
Replies: 75
Views: 6807

Re: If all brokerages charged zero commission for trades, which brokerage would you pick?

I would continue to move to whichever gave bonuses and if those went away it would be Merrill Edge for the other benefits of Preferred Rewards.
by placeholder
Tue Sep 24, 2019 1:00 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

rascott wrote:
Mon Sep 23, 2019 10:48 pm
Nah...I got $900 in 90 days just a few months back.
That's a different offer just the normal $600 one but boosted by 50% for Preferred Rewards while the other is $1000 and no PR needed.
by placeholder
Wed Sep 18, 2019 8:36 pm
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 755
Views: 370146

Re: Ultimate Buy and Hold - 8 slices vs 4

What I do is use the company plan as the US large blend and do the other pieces in the Roth and taxable accounts so still try to balance as much as you can and don't try to do four fund in the Roth.
by placeholder
Wed Sep 18, 2019 4:59 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

jcar wrote:
Wed Sep 18, 2019 4:56 pm
So if you move 200k now then 200k a month later does that double the bonus. Thanks
I think they allow two bonuses per 12 months anyway I did one to individual and one to Roth in January and received 1000 in each.
by placeholder
Wed Sep 18, 2019 4:18 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I was hoping for a better bonus at the $100k level but clicked anyway. Looks like the bonuses just increased by a lot. Looks like I’m moving soon. $100 ($20k) $250 ($50k) $500 ($100k) $1000 ($200k) That's the usual for the money show offers which technically say you have to attend but they don't ch...
by placeholder
Sun Sep 15, 2019 6:01 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

You can get more than one cash rewards card too which will give you multiple 5.25% categories now that they let you choose so I have one for gas and one for drug stores.
by placeholder
Sat Sep 14, 2019 4:40 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Bonus programs increase brokerage business expense which has to be spread out as ER.
This doesn't apply as most of the ones with bonuses like Edge Etrade and TDA have no funds to increase the ERs on.
by placeholder
Fri Aug 30, 2019 4:49 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

It's not a bad idea to leave a little in at least at first because TDA on total transfer TDA closes the account and cuts off online access so it you need any historical data or statements you have to contact them to get back in.
by placeholder
Fri Aug 30, 2019 1:51 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

With that much your TDA account will qualify for Apex status which has no transfer out fees but you have to ask to have it applied.
by placeholder
Sat Aug 17, 2019 3:08 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

GeraniumLover wrote:
Fri Aug 16, 2019 5:01 pm
That's too bad. If he was exiled, I hope it was by the mods and not God.
I can confirm that my old buddy is happy and healthy and not coming back.

If you need to discuss it with me PM of course.
by placeholder
Thu Aug 15, 2019 8:52 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Sorry for any confusion for me only free ETFs are considered but all in all I prefer edge anyway.
by placeholder
Thu Aug 15, 2019 12:35 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

TDA is fine just know that the holding period is one year and the selection of ETFs isn't as good as edge.
by placeholder
Sat Aug 10, 2019 1:28 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1970
Views: 327837

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I signed up for two merrill edge bonuses early in the year with the trader expo link and scored $1000 each in a taxable and a Roth.
by placeholder
Sat Aug 10, 2019 1:30 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

It is clear from this discussion that the safest course of action is to call it a wash sale if you bought the same asset in your 401k. However, it is highly unlikely to be brought to the attention of the IRS and if you did, it is not 100% clear that it is considered a wash sale, but the odds are no...
by placeholder
Fri Aug 09, 2019 11:41 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

The Supreme Court ruled in 1938 in White v United States that deductions can only be taken if there is a clear provision in applicable statutes that the deduction is allowable. Absence of specific ruling by the IRS and conjecture does not equal clear provision in the law. There is clear statute all...
by placeholder
Fri Aug 09, 2019 8:03 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

That's just wishful thinking. Lack of specific addressing does not equal consent, especially when there are already two relevant rulings. No but it certainly doesn't imply the opposite because the IRS publications and instructions are designed to cover the essentials of what taxpayers and preparers...
by placeholder
Fri Aug 09, 2019 6:37 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

The IRS has not given the slightest indication that 401k’s or any other type of account is exempted from wash sale rules, since they have never exempted any type of account. On the other hand, they have explicitly included many types of accounts, including trusts. They have not at any time included...
by placeholder
Fri Aug 09, 2019 4:49 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

I'm not concerned. I just follow my understanding of the IRC on the wash sale rule. I hate to create wash sale and keep track of the basis years after years. That wouldn't be a concern for 401ks because if there were wash sales then there would be no basis adjustment and in taxable you have to trac...
by placeholder
Fri Aug 09, 2019 4:24 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

I think you should be more concern about your 401k plan than the grey area with TLH. I can do pretty much anything with my 401k. Why concerned when the IRS has never made the slightest indication that these accounts are included and you are (based on history) more likely to be hit by a meteor than ...
by placeholder
Fri Aug 09, 2019 4:22 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

The primary IRS ruling on trusts, on which the 2008 ruling on IRA's is based, uses the language "actual command over the property". You have "actual command" over your 401k. The 2008 ruling uses the language "absolute dominion and control". In neither case does the IRS specify a level of "command" ...
by placeholder
Fri Aug 09, 2019 2:25 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

If all the stars lined against you and your employer plan has only one stock fund, which happened to be the same one as in your taxable account, which happened to have large gains such that you wouldn’t want to switch to something else, which then happened to have large losses that you want to real...
by placeholder
Fri Aug 09, 2019 12:46 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

If I can tell my employer to move money at least between a stock fund and a bond fund, along with ongoing investments into those funds, then I'd say I had control over the investments therein. But that's just how I see it. At best partial control but you might not have the option to use a different...
by placeholder
Thu Aug 08, 2019 10:00 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

Doesn’t matter because the IRS has not indicated that that is of any importance. And the taxpayer can just choose a different fund in their 401k compared to their taxable. That’s where their control lies. You have no way of knowing that for instance my company 401k originally had 4 funds SP 500 bon...
by placeholder
Thu Aug 08, 2019 8:15 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

...used deliberately to accomplish the very thing which Congress intended to frustrate... The funny thing is, I feel guilty tax-loss harvesting according to the letter of the law using a replacement asset. It just seems too easy to claim a loss while staying invested. Others seem to feel no guilt a...
by placeholder
Thu Aug 08, 2019 7:25 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

The choices and timing of purchases in 401ks are largely not under the control of the taxpayer and that is the difference from other trusts like the one described in the court case and IRAs. Wait, what??? The fund choices are irrelevant. If the plan does not include a substantially identical asset ...
by placeholder
Thu Aug 08, 2019 7:23 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

The choices and timing of purchases in 401ks are largely not under the control of the taxpayer and that is the difference from other trusts like the one described in the court case and IRAs. The opposite is actually true - the taxpayer largely has control over the choices and timing of purchases in...
by placeholder
Thu Aug 08, 2019 6:03 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

The choices and timing of purchases in 401ks are largely not under the control of the taxpayer and that is the difference from other trusts like the one described in the court case and IRAs.
by placeholder
Thu Aug 08, 2019 3:28 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

H-Town wrote:
Thu Aug 08, 2019 3:26 pm
Then you no longer have a 401k with the associated benefits/deficits so it's irrelevant to the question.
You seem to refuse to understand and/or to follow Code Section 1091(a). Good luck to you.
I don't see how that follows from my comment.
by placeholder
Thu Aug 08, 2019 3:14 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

H-Town wrote:
Thu Aug 08, 2019 2:04 pm
Sure, just change job and move your 401k to your IRA. And while doing so, try to change the fund options in whatever brokerage house you have business with. :D
Then you no longer have a 401k with the associated benefits/deficits so it's irrelevant to the question.
by placeholder
Thu Aug 08, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

Can you provide an IRS ruling that says that IRA's were not subject to the wash sale rule at some point prior to 2008? That would be evidence that the IRS changed their interpretation of the wash sale rule. No but this gets back to the situation that the IRAs are not accounts owned by the taxpayer ...
by placeholder
Thu Aug 08, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

H-Town wrote:
Thu Aug 08, 2019 1:05 pm
wait what? my 401ks isn't mine? it's a big chunk of money :oops: :mrgreen:

you lost me...
Try to move it somewhere else or change the fund options.
by placeholder
Thu Aug 08, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

...so why would 401ks participate in wash sales? Because they are part of one's financial position, perhaps? Where does the law or IRS regulations discuss "financial position"? Essentially, you are asking why shouldn't it be legal to claim a loss without changing your financial position. The answer...
by placeholder
Thu Aug 08, 2019 11:58 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

Note also the holding below from Revenue Ruling 2008-005, meaning that the wash sale statute applies to IRA's and always has. The IRS did not just decide in 2008 that IRA's would be subject to wash sales. HOLDING The loss on the Sale of stock is disallowed under § 1091. Seems like you're confused b...
by placeholder
Wed Aug 07, 2019 10:40 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

The IRS can only enact regulations that are permitted within the associated statute. There is nothing in the wash sale statute that would permit the IRS to unilaterally decide that trusts and IRA’s are subject to the wash sale rule, when they weren’t subject to the rule prior to that. Perhaps your ...
by placeholder
Wed Aug 07, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

If you are going to bring something in from left field, be so kind to also supply the statute(s) upon which the regulations are based. No one least of all me has said anything about the law which did not change but the regulations based on the law did and that change did NOT include 401ks so it is ...
by placeholder
Wed Aug 07, 2019 3:38 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

Since the IRS does not make or change the law, if IRA’s are now subject to the wash sale statute, they always have been. That's like saying that it was always the case that you could only do just one 60 day rollover per 12 month period yet that did represent a very real change in regulations which ...
by placeholder
Wed Aug 07, 2019 3:24 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

It's amazing how concerned people are about wash sales when (based on history) you're more likely to be hit by a meteor than have a wash between different funds and much more likely to get debris fly in through your windshield on the highway and kill you.
by placeholder
Wed Aug 07, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

It's pretty clear to me that two funds track the same index are substantially identical. It would be a wash sale under Code Section 1091(a). Although it's only my opinion, there's a risk that the IRS has similar interpretation. And that's the risk that I would not expose myself to. Solution? It's p...
by placeholder
Wed Aug 07, 2019 1:09 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

iceport wrote:
Wed Aug 07, 2019 1:00 pm
Apparently, finding a different index with practically the same performance is too difficult for you. So far, it's been pretty easy for me, and I'm not even a financial services professional.
No one least of all the IRS has ever said anything about indexes being the determiner.
by placeholder
Wed Aug 07, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

You're aggressive for no reason. rkhusky is correct. The Tax Code is the primary authority. It's written by legislative branch. The IRS is the executive branch. Taxpayers can take IRS to the Tax court (and vice versa) for any disagreement on reading the Tax Code. No one said otherwise especially me...
by placeholder
Wed Aug 07, 2019 12:40 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

But that's not enough for some folks? You feel the need to risk violating the letter of the also? Why? A sense of adventure? An attitude that you should be able to claim a loss with absolutely no change whatsoever in your financial position? You shouldn't even have to pretend you've made a change? ...
by placeholder
Wed Aug 07, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

Because the IRS does not make the law. Congress makes the law. You're evading the question because if the intent of the ruling was to clarify that all retirement trusts were included it would have said so but it didn't it narrowly addressed IRAs and changed the regulations/pubs to match so nothing ...
by placeholder
Tue Aug 06, 2019 11:34 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11989

Re: Tax Loss Harvesting Worth it?

Not at all. The ruling only applies to IRA's. Note that the IRS does not make the law or change the law. So, the wash sale statute applied to IRA'a before the ruling, as well as after it. The wash sale rule applied to trusts, both before the IRS ruling on trusts, as well as after it. So, the IRS ru...