Search found 313 matches
- Fri Nov 24, 2023 4:26 am
- Forum: Personal Finance (Not Investing)
- Topic: TurboTax 2023 offer
- Replies: 282
- Views: 50674
Re: TurboTax 2023 offer
Amazon is now showing Black Friday Deals. TurboTax Deluxe Fed & State for 45.99 Black Friday Deal $45.99 with 34 percent savings-34% $45.99 List Price: $69.99List Price: $69.99 https://www.amazon.com/TurboTax-Software-Federal-Exclusive-Download/dp/B0CLBV27N2/ref=sr_1_1_sspa?crid=1HL5QID53A0JZ&keywords=turbotax%2B2023%2Bdeluxe&qid=1700819003&sprefix=turbotax%2Caps%2C162&sr=8-1-spons&sp_csd=d2lkZ2V0TmFtZT1zcF9hdGY&th=1 Last year I was able to get it about $10.00 cheaper om or about December29th. I'll probably wait till then. Costco deal is better if you use state e-file. Same price 45.99 which includes $10 towards state e-file for example. Costco link TurboTax Deluxe 2023 Federal E-file + State Download for PC/Mac...
- Fri Nov 24, 2023 4:21 am
- Forum: Personal Finance (Not Investing)
- Topic: TurboTax 2023 offer
- Replies: 282
- Views: 50674
Re: TurboTax 2023 offer
Amazon is now showing Black Friday Deals. TurboTax Deluxe Fed & State for 45.99 Black Friday Deal $45.99 with 34 percent savings-34% $45.99 List Price: $69.99List Price: $69.99 https://www.amazon.com/TurboTax-Software-Federal-Exclusive-Download/dp/B0CLBV27N2/ref=sr_1_1_sspa?crid=1HL5QID53A0JZ&keywords=turbotax%2B2023%2Bdeluxe&qid=1700819003&sprefix=turbotax%2Caps%2C162&sr=8-1-spons&sp_csd=d2lkZ2V0TmFtZT1zcF9hdGY&th=1 Last year I was able to get it about $10.00 cheaper om or about December29th. I'll probably wait till then. Costco deal is better if you use state e-file. Same price 45.99 which includes $10 towards state e-file for example. Costco link TurboTax Deluxe 2023 Federal E-file + State Download for PC/Mac...
- Fri Nov 24, 2023 2:46 am
- Forum: Personal Finance (Not Investing)
- Topic: TurboTax 2023 offer
- Replies: 282
- Views: 50674
Re: TurboTax 2023 offer
At Costco : Deluxe : $56 https://www.costco.com/turbotax-deluxe-2023-federal-e-file-%2b-state-download-for-pcmac%2c-includes-%2410-credit-in-product*.product.4000226892.html Premium : $ 83 https://www.costco.com/turbotax-premier-2023-federal-%2b-e-file-%2526-state-download-for-pcmac%2c-includes-%2410-credit-in-product*.product.4000226930.html Did an incognito search on Google and found Turbo Tax Deluxe 2023 Federal E-file + State download for PC/Mac, Includes $10 Credit In-Product for $45.99 at Costco. Will use the coupon for state e-file. Ordered it online and got confirmation. Waiting for download link from Costco. So, effective price for Federal e-file $35.99. Waiting till 27 / 28 Dec may save a few dollars. Never got Fidelity free turb...
- Sun Jul 16, 2023 11:50 am
- Forum: Personal Consumer Issues
- Topic: Trouble logging in to Vanguard?
- Replies: 39
- Views: 3862
Re: Trouble logging in to Vanguard?
There are other resets I can do from the settings: Reset the PC Reset Default Apps So, I bit the bullet and did a "Reset this PC." I was ecstatic when I could log on to Vanguard. Just to be sure I restarted the PC to try again and it was right back to NOT WORKING. There are hours to go getting everything else back to (my) normal: Adjust many settings. Install printer driver. Install many apps. See what things stop working and fix them. And I'm still unable to log into Vanguard. When I did the reset, I chose the option "Keep my files" as opposed to "Remove everything" Then chose "Cloud downlead" as opposed to local reinstall. I don't see how "Remove everything" could be any better and would ...
- Thu Mar 30, 2023 6:02 pm
- Forum: Investing - Theory, News & General
- Topic: [Assessing Deflation Risk in VAIPX - Vanguard Inflation-Protected Securities fund]
- Replies: 149
- Views: 9655
Re: Vanguard run-around on Fixed Income questions
With Fidelity, I was given the name and postal address of the fund manager in another similar situation, but the fund manager's postal mailing address was in the central US, not in Boston. With your Fidelity question, did you receive an answer from the fund manager, and was it what you expected and in acceptable detail? I did receive a lengthy and quite adequate written response from the office of the Fidelity fund manager, not from him but from someone in his area. I was quite pleased. I asked Vanguard today whether the fund manager at Vanguard would tend to respond to questions from fund holders via postal mail. He did not want to say, but I did prevail on him to check with his supervisor I don't want to waste time mailing to a dead lett...
- Thu Mar 30, 2023 3:17 pm
- Forum: Investing - Theory, News & General
- Topic: [Assessing Deflation Risk in VAIPX - Vanguard Inflation-Protected Securities fund]
- Replies: 149
- Views: 9655
Re: Vanguard run-around on Fixed Income questions
You make many interesting points. I would still put it to you that TIPS, and thus their funds, are quite unusual in their structure and nature, and it is not useful or helpful to treat them too much like nominal bonds and funds in fund reporting. Everything you state applies quite soundly to stocks and nominal bonds and their funds, no objections from me there. I am assuming you thoroughly understand how TIPs work, with par value at issue being adjusted up continually with persistent inflation, or continually down with persistent deflation. So if I am considering buying a TIPS fund #1, I would want to know how much prior inflation is included in the aggregate principal value of the fund's holdings at a given time, presumably on a per share...
- Thu Mar 30, 2023 3:09 pm
- Forum: Investing - Theory, News & General
- Topic: [Assessing Deflation Risk in VAIPX - Vanguard Inflation-Protected Securities fund]
- Replies: 149
- Views: 9655
Re: Vanguard run-around on Fixed Income questions
So in your view, for the sake of fund company consistency across stocks, nominal bonds, and TIPS bonds, I should not know which of two given TIPS funds are intrinsically more deflation resistant? Rather than that, s houldn't the fund company for TIPS fund #1 just stay out of the TIPS market, if accounting consistency has top priority for them? No one in this thread said that you should not know. If you want a fund company A/B/C to stay out of the market for some fund X, please join that company at a level where you can influence their activities and do what you suggest. Discussing it in BH forum is pointless and not actionable. You appear to be more informed of TIPS bonds and TIPS bond funds fundamentals than most (or at least a lot of ) i...
- Fri Nov 04, 2022 7:44 pm
- Forum: Investing - Theory, News & General
- Topic: Roth question: 5+ years for the account or a specific contribution ?
- Replies: 19
- Views: 1522
Re: Roth question: 5+ years for the account or a specific contribution ?
Kitces' article cited above says this about Roth IRA's owner's age being above 59.5
Boglesmind
Understanding The Two 5-Year Rules For Roth IRA Contributions And ConversionsAccordingly, it's also worth noting that because the 5-year rule for Roth conversions merely leaves the withdrawal of conversion principal potentially subject to the early withdrawal penalty, any other exceptions to the early withdrawal penalty can still shelter the Roth conversion amount from the penalty. Thus, withdrawals within 5 years of conversion by someone who is already over age 59 1/2 are not subject to the early withdrawal penalty, regardless of the 5-year conversion rule, simply because being over age 59 1/2 itself is an exception to the penalty!
Boglesmind
- Sat Sep 10, 2022 3:54 pm
- Forum: Personal Consumer Issues
- Topic: Vanguard website succumbs to "Fisher-Price" UI design
- Replies: 843
- Views: 112494
Re: Vanguard website succumbs to "Fisher-Price" UI design
In Google Chrome browser, use ctrl-P to start the print process, expand settings (or more settings) in the Print dialog box, choose custom scaling level (mine is set to 75%) and choose margin levels (default/minimum/none/... I use none) and save as PDF. All my print pages are full and not half full as mention by OP.
Boglesmind
Boglesmind
- Wed Aug 03, 2022 10:33 pm
- Forum: Personal Investments
- Topic: Vanguard: Upgrading Yubikeys
- Replies: 101
- Views: 12049
Re: Vanguard: Upgrading Yubikeys
I guess I just did this with a Mac running Chrome. Only I deleted my Yubi and then re-registered it from scratch. I presume this worked since I've not seen anything to the contrary. Now I have to enter the PIN for the Yubi each time I log on. I didn't have to do that before. Is that a feature of Fido2? If so, I don't like it. Don't see the point either, because you can just opt for a text code to log in, so if somebody doesn't know the Yubi PIN that is no deterrent. I reregistered my Yubikey 5 NFCs from the link associated with the sign-on notice, but am puzzled by some reporting the need to now enter a PIN when signing on. I don't have to do that and I was not asked to supply a PIN when I re-registered. Any ideas why it's working differen...
- Wed Aug 03, 2022 10:29 pm
- Forum: Personal Investments
- Topic: Vanguard: Upgrading Yubikeys
- Replies: 101
- Views: 12049
Re: Vanguard: Upgrading Yubikeys
I guess I just did this with a Mac running Chrome. Only I deleted my Yubi and then re-registered it from scratch. I presume this worked since I've not seen anything to the contrary. Now I have to enter the PIN for the Yubi each time I log on. I didn't have to do that before. Is that a feature of Fido2? If so, I don't like it. Don't see the point either, because you can just opt for a text code to log in, so if somebody doesn't know the Yubi PIN that is no deterrent. I reregistered my Yubikey 5 NFCs from the link associated with the sign-on notice, but am puzzled by some reporting the need to now enter a PIN when signing on. I don't have to do that and I was not asked to supply a PIN when I re-registered. Any ideas why it's working differen...
- Wed Aug 03, 2022 10:29 pm
- Forum: Personal Investments
- Topic: Vanguard: Upgrading Yubikeys
- Replies: 101
- Views: 12049
Re: Vanguard: Upgrading Yubikeys
I guess I just did this with a Mac running Chrome. Only I deleted my Yubi and then re-registered it from scratch. I presume this worked since I've not seen anything to the contrary. Now I have to enter the PIN for the Yubi each time I log on. I didn't have to do that before. Is that a feature of Fido2? If so, I don't like it. Don't see the point either, because you can just opt for a text code to log in, so if somebody doesn't know the Yubi PIN that is no deterrent. I reregistered my Yubikey 5 NFCs from the link associated with the sign-on notice, but am puzzled by some reporting the need to now enter a PIN when signing on. I don't have to do that and I was not asked to supply a PIN when I re-registered. Any ideas why it's working differen...
- Wed Aug 03, 2022 10:27 pm
- Forum: Personal Investments
- Topic: Vanguard: Upgrading Yubikeys
- Replies: 101
- Views: 12049
Re: Vanguard: Upgrading Yubikeys
Use Google camera app to scan the QR code which will show you FIDO2 url that touch or click. Authenticator app does more than scan QR code.wmvink wrote: ↑Wed Aug 03, 2022 9:49 am I tried Chrome and Edge and both failed.
With the Yubikey, I basically get into a loop where it takes me back to the "Name your key" page after walking through the Windows-based set up. It's an endless loop.
With the Android phone option, Google Authenticator says "Cannot interpret QR code".
I figured I post this here and see if others have had same issues before I reach out to Vanguard.
Boglesmind
- Wed Aug 03, 2022 10:22 pm
- Forum: Personal Investments
- Topic: Vanguard: Upgrading Yubikeys
- Replies: 101
- Views: 12049
Re: Vanguard: Upgrading Yubikeys
We use Windows 10 Chrome/Brave/Firefox browser. Vanguard didn't ask for a PIN after re-registering and using Yubikey (usb-c version).Fremdon Ferndock wrote: ↑Tue Aug 02, 2022 7:27 pm I guess I just did this with a Mac running Chrome. Only I deleted my Yubi and then re-registered it from scratch. I presume this worked since I've not seen anything to the contrary. Now I have to enter the PIN for the Yubi each time I log on. I didn't have to do that before. Is that a feature of Fido2? If so, I don't like it. Don't see the point either, because you can just opt for a text code to log in, so if somebody doesn't know the Yubi PIN that is no deterrent.
Boglesmind
- Wed Aug 03, 2022 10:04 pm
- Forum: Personal Investments
- Topic: Vanguard: Upgrading Yubikeys
- Replies: 101
- Views: 12049
Re: Vanguard: Upgrading Yubikeys - SUCCESS
A while ago: YubiKey registered with Vanguard previously. I *had* used the YubiKey manager app on Windows 10 to set up a PIN for FIDO2 protocol (don't remember why I did it --- it was so long ago --- I believe it was required by YubiKey app when I first configured the yubikey (usb c) using the app). Had saved the FIDO2 PIN in a password manager. Now: Logged into Vanguard with Yubikey as usual ( NO PIN required, just touching the key is enough) and was prompted to upgrade/reregister the key. Went thru the steps (without deleting the key first) and was successful in doing so. NO PIN was requested by Vanguard. I saw an interesting note in this process which said that I could use some android phones as 2FA. Intrigued, I logged into Vanguard usi...
- Fri Jul 29, 2022 10:49 am
- Forum: Personal Finance (Not Investing)
- Topic: Medicare application Timeline
- Replies: 10
- Views: 1572
Re: Medicare application Timeline
Applied for Medicare only online 2 weeks ago. The Social Security site says it may take two to four weeks for processing and the application is in second stage. A local SS local office clerk/official says it may take 30 to 60 days to process Medicare application (submitted 2 months before birth month). There has been no email from SS administration regarding approval so far. The Medicare time line in Wiki (see below) needs to have a caveat, at the least, saying something along the lines of "The indicated timeline is approximate. YMMV". I am curious as to the % of Bogleheads who get Medicare card in 3 weeks from the time of application? Time Events -- Submit Medicare application 1 week A Medicare Award email (without Medicare numb...
- Fri Jun 17, 2022 9:58 pm
- Forum: Investing - Theory, News & General
- Topic: Why Bogleheads "Stay The Course."
- Replies: 34
- Views: 8314
Re: Why Bogleheads "Stay The Course."
We are retired and have enough in Fixed Income to cover our expenses well past Social Security@70. SS @70 for both of us will meet 100% of our non-discretionary expenses. Based on many excellent Bogleheads' posts, we assessed our need/ability/willingness to take risk and the maximum loss we could tolerate and went with the current AA. Because of this and having gone thru dot-com implosion, great-financial-crisis, pandemic-induced crash, we take the current bear market in stride. This too shall pass, whenever. Don't know how long this bear market will last or how long it will take to reach prior highs but it is an opportunity to test our resolve to stay the course in retirement (in decumulation phase). We are mentally prepared for a deeper l...
- Fri Jun 17, 2022 9:29 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medicare application Timeline
- Replies: 10
- Views: 1572
Medicare application Timeline
Applied for Medicare only online 2 weeks ago. The Social Security site says it may take two to four weeks for processing and the application is in second stage. A local SS local office clerk/official says it may take 30 to 60 days to process Medicare application (submitted 2 months before birth month). There has been no email from SS administration regarding approval so far. The Medicare time line in Wiki (see below) needs to have a caveat, at the least, saying something along the lines of "The indicated timeline is approximate. YMMV". I am curious as to the % of Bogleheads who get Medicare card in 3 weeks from the time of application? Time Events -- Submit Medicare application 1 week A Medicare Award email (without Medicare numbe...
- Fri Jun 17, 2022 9:12 pm
- Forum: Investing - Theory, News & General
- Topic: This might be a good time to go back to 2008
- Replies: 22
- Views: 4717
Re: This might be a good time to go back to 2008
This might be a good time to go back and read some of the threads from 2008. Right now I am looking at a seven figure drop from my all time highs. You know what I am doing about it? Not much. Did a little bit of rebalancing. A bit of TLH. Other than that I am just looking at it as "what goes around, comes around." It sucks. But there are always going to be periods where it sucks. Just like there will be periods where it is great. Ride it out. It could be worse. At some point it probably will be worse. And then it will be better. If you are one of those people who anguishes over little setbacks in the market, keep this in mind. In 1,000 years no one will even remember your name or how your portfolio did. Now, doesn't that make you...
- Wed May 25, 2022 10:21 pm
- Forum: Personal Investments
- Topic: Fidelity 401k - can you choose which fund dividends reinvest to?
- Replies: 16
- Views: 1652
Re: Fidelity 401k - can you choose which fund dividends reinvest to?
For those of you who have a Fidelity 401k, can you find an option where you can select which fund dividends reinvest to? Right now, it seems as though dividends always reinvest to the fund it came from. I'd like to divert reinvestments to a different fund but I can't find a way to do that. I need this for tax loss harvesting purposes. Set the funds so they do NOT "reinvest" (for both dividends and cap gains). Those payments will now go to your settlement/cash, which you can then reinvest as you wish, when you wish. It stops the problem for TLH. RM This is what happens with the Vanguard brokerage accounts (as opposed to the old style mutual fund accounts held by the mutual funds themselves) but then folks complain that they cannot...
- Wed May 25, 2022 10:08 pm
- Forum: Personal Investments
- Topic: A different TLH question: Vanguard account upgrades
- Replies: 7
- Views: 707
Re: A different TLH question: Vanguard account upgrades
Does that in kind transfer reset the 30 day clock? No. You have no sale at all when that happens, let alone the possibility of a wash sale. I guess the other question is that’s how they do it, right? There’s nothing out there other than trust us to do it right. It is exactly like transferring an account from brokerage A to B in-kind. It is NOT a sale. In this case, it's an in-kind transfer from Vanguard Mutual Funds (a separate legal entity) to Vanguard Brokerage. I have done it with all our accounts containing large number of mutual funds and individual stocks. Everything transferred over correctly including cost basis. I guess the other question is that’s how they do it, right? There’s nothing out there other than trust us to do it right...
- Mon May 23, 2022 11:13 pm
- Forum: Investing - Theory, News & General
- Topic: A -20% correction sometimes IS followed by a recovery. Sometimes not. You just don't know.
- Replies: 57
- Views: 11068
Re: A -20% correction sometimes IS followed by a recovery. Sometimes not. You just don't know.
Yes but it could lead to another lost decade before the recovery kicks in. We don't know when the recovery will come and think we are prepared even if the decade is lost.JoeRetire wrote: ↑Mon May 23, 2022 9:02 amOf course. But because the timeframe is uncertain, there's nothing to be done about it.
A recovery from a 20% correction will come. That part is a certain as can be.
- Mon May 23, 2022 11:08 pm
- Forum: Investing - Theory, News & General
- Topic: "experienced" investors: is this time different?
- Replies: 377
- Views: 54122
Re: "experienced" investors: is this time different?
Myself included (I am 42 years old), many forum members didn't live through the emotional investing "tolls" brought on by the 2000 dot com bust or the great recession of 2008/2009. Some older BH's even saw the challenges presented by earlier time periods in the 60s and 70s. For what it is worth, I don't consider those that survived the "crash" of March 2020 as battle tested. For those that have actually lived and invested during these time periods (70s, 2000s, 2008/2009), i am curious to hear how you see the current investing landscape. There is no shortage of "wisdom" from younger (hindsight) professionals throwing out CAPE figures, soft new-economy stats, etc., but in this case I am more interested in hearin...
- Mon May 23, 2022 10:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: Avoid CA taxes during retirement
- Replies: 54
- Views: 10211
Re: Avoid CA taxes during retirement
You'd want to be very careful. As others pointed out, California may consider you part-time resident and require you to pay CA income taxes based on the time spent here even if you were a resident of some other state and you establish domicile elsewhere.Wannaretireearly wrote: ↑Mon May 23, 2022 6:46 pm I paid a sum total of around $40k in CA taxes. While my kids are here I don’t have much choice. I am all ears once kids are done with school, and I don’t have to be here for more than 6 months a year.
Fwiw, there is no other place I would want to be in fall/winter. That’s only 3-4 months (non taxable!)
Boglesmind
- Mon May 23, 2022 10:41 pm
- Forum: Investing - Theory, News & General
- Topic: Has Vanguard Lost Its Way? [White Coat Investor]
- Replies: 84
- Views: 15239
Re: Has Vanguard Lost Its Way? [White Coat Investor]
I wonder why this thread is not locked. What happened to Vanguard's target date funds is not under any of our control. You can all discuss until cows come home whether Vanguard lost its way or not. Opinions on either side aren't going to be changed. Why not take this useless and non-personal and non-actionable discussion to reddit instead of turning this forum into reddit?
Boglesmind
Boglesmind
- Mon May 23, 2022 2:18 pm
- Forum: Personal Investments
- Topic: Tax efficient location and Tax loss harvesting -Questions
- Replies: 14
- Views: 1459
Re: Tax efficient location and Tax loss harvesting -Questions
Questions: Since FDGRX is closed to new investors, how do I buy FDGRX in taxable account in Vanguard the same day I sell it in Rollover IRA. Can I request Vanguard and Fidelity reps on a 3 way call to confirm I am not a new buyer and am just moving FDRX from tax-deferred to taxable? If this works, this is my preferable action -- I get to keep roughly the same amounts at Vanguard and Fidelity. And, I'll have to deal with just a single consolidated 1099-B from Vanguard at tax time, instead of two (one from Vanguard and one from Fidelity) If (1) doesn't work, can I transfer just one fund (VCADX) and not the whole account from Vanguard to Fidelity and then do both transactions at Fidelity? (a) I want to make sure other funds such as Index 500 ...
- Mon May 23, 2022 2:15 pm
- Forum: Personal Investments
- Topic: Tax efficient location and Tax loss harvesting -Questions
- Replies: 14
- Views: 1459
Re: Tax efficient location and Tax loss harvesting -Questions
Thought so. Thanks.retired@50 wrote: ↑Mon May 23, 2022 12:10 pmYes.boglesmind wrote: ↑Mon May 23, 2022 11:23 am Will tax loss harvesting FDGRX in taxable be considered wash-sale if re-investment of dividends/CGs in Roth happen within 30 days window?
- Mon May 23, 2022 2:15 pm
- Forum: Personal Investments
- Topic: Tax efficient location and Tax loss harvesting -Questions
- Replies: 14
- Views: 1459
Re: Tax efficient location and Tax loss harvesting -Questions
Thanks. I expected more volatility in QQQ since it has only 100 stocks and far more concentrated than FDGRX which has 466 stocks although they both have heavy concentration in IT.
- Mon May 23, 2022 11:36 am
- Forum: Personal Investments
- Topic: Tax efficient location and Tax loss harvesting -Questions
- Replies: 14
- Views: 1459
Re: Tax efficient location and Tax loss harvesting -Questions
Thanks livesoft. Will look into it. And please see my response to rkhusky above -- we are using your (and Kitces and probably countless others) suggestions of "How to pay ZERO taxes in retirement"
Boglesmind
- Mon May 23, 2022 11:23 am
- Forum: Personal Investments
- Topic: Tax efficient location and Tax loss harvesting -Questions
- Replies: 14
- Views: 1459
Re: Tax efficient location and Tax loss harvesting -Questions
Yes, I am aware of the 8% to 10% CGs and QDI from FDGRX and in taxable account, I'd not reinvest those -- just use them for our living expenses. If that's the case, it's not so bad. However, you would still be better off with a fund that did not have such large distributions, since you pay tax on the full distribution, whereas, if you were to sell shares to fund living expenses, you only pay tax on the gains. On the other hand, if FDGRX continues to out-perform, that might overcome the tax-inefficiency. Whether it can do that with its 0.75% headwind due to its high ER, year in and year out, remains to be seen. But if you buy into it and it then crashes, you have a TLH opportunity. Thank you rkhusky for the comments. You make good points. I...
- Mon May 23, 2022 1:12 am
- Forum: Personal Finance (Not Investing)
- Topic: Avoid CA taxes during retirement
- Replies: 54
- Views: 10211
Re: Avoid CA taxes during retirement
CA Proposition 13 limits increases in assessed values to 2% max a year. There is no such cap in Texas. Also, most school districts waive some of the parcel taxes for home owners 65 and above - one has to apply for it and certify that the homes are owner occupied to benefit from this. I’m not sure which state you are referring to for the bolded, but this is not true in CA, as the property taxes are only deferred until later or the house is sold. And there are other eligibilty requirements. https://sco.ca.gov/ardtax_prop_tax_postponement.html What I wrote is true in California. My neighbors applied and got parcel tax waiver once they crossed 65 and reside in their own home. Parcel tax waiver is not the same as full property tax waiver or def...
- Mon May 23, 2022 12:58 am
- Forum: Personal Finance (Not Investing)
- Topic: Avoid CA taxes during retirement
- Replies: 54
- Views: 10211
Re: Avoid CA taxes during retirement
What I wrote is true in California. My neighbors applied and got parcel tax waiver once they crossed 65 and reside in their own home. Parcel tax waiver is not the same as full property tax waiver or deferral. In addition to the regular property taxes (with prop 13 restrictions), school districts levy parcel taxes that are per parcel and don't depend on assessed value. One can get relief from these school-levied parcel taxes that are part of property taxes if they are 65 or older, reside in their parcel(home). There are also exemptions for those who are on disability, or receiving SSI etc. Depends on each school district and what measure passed when. See Fremont Union School Dist California homeowners 65 and older should check their propert...
- Sun May 22, 2022 11:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: Avoid CA taxes during retirement
- Replies: 54
- Views: 10211
Re: Avoid CA taxes during retirement
CA Proposition 13 limits increases in assessed values to 2% max a year. There is no such cap in Texas. Also, most school districts waive some of the parcel taxes for home owners 65 and above - one has to apply for it and certify that the homes are owner occupied to benefit from this. I’m not sure which state you are referring to for the bolded, but this is not true in CA, as the property taxes are only deferred until later or the house is sold. And there are other eligibilty requirements. https://sco.ca.gov/ardtax_prop_tax_postponement.html What I wrote is true in California. My neighbors applied and got parcel tax waiver once they crossed 65 and reside in their own home. Parcel tax waiver is not the same as full property tax waiver or def...
- Sun May 22, 2022 2:03 pm
- Forum: Personal Investments
- Topic: Tax efficient location and Tax loss harvesting -Questions
- Replies: 14
- Views: 1459
Re: Tax efficient location and Tax loss harvesting -Questions
Thanks HMSVictory and livesoft for your comments. I had similar ideas and thought through them before posting my questions. So, do I take that you agree with locating low growth bond in tax-deferred and moving high growth stock fund to taxable? And you only question the choice of keeping Fidelity Growth Company fund FDGRX in taxable instead of a broad index fund? I had FDGRX since mid 90s when it became available in our company 401K and has kept it through all the ups and downs, with 401K contributions every 2 weeks + employer match. Even with the higher expense ratio, it has beaten Vanguard total stock market, us growth fund and balanced funds by a huge margin - 2 times the growth of vanguard Total stock VTSMX, 3 times the growth of vangua...
- Sat May 21, 2022 9:47 pm
- Forum: Personal Investments
- Topic: Tax efficient location and Tax loss harvesting -Questions
- Replies: 14
- Views: 1459
Tax efficient location and Tax loss harvesting -Questions
For various (historical reasons) my rollover IRA in Fidelity has the stock fund "Fidelity Growth Company Fund" (FDGRX) at 80% and Vanguard Intermediate term Bond ETF BIV (VBILX equivalent) at 20%. I have roughly the same amount of California intermediate term tax-exempt bond fund (VCADX) in Vanguard taxable. FDGRX had provided excellent returns (even with a 31% loss so far this year) and if it grows even at a much smaller rate than the past, my RMDs will be unnecessarily large and all the reinvested dividends and capital gains of FDGRX will be taxed as ordinary income. FDGRX is down 31% and VCADX is down about 10% so far this year. I plan to sell $X of VCADX and buy equal amount of FDGRX in taxable -- this give me sizable tax-loss...
- Sat May 21, 2022 8:46 pm
- Forum: Personal Consumer Issues
- Topic: Vanguard security codes via Google Voice
- Replies: 80
- Views: 9274
Re: Vanguard security codes via Google Voice
I'm resurrecting this thread from last year. Yesterday (5/17/22) and today I've failed to receive logon security codes via Google Voice. The problem coincides with a change in appearance of Vanguard's security code entry page, so I'm guessing the issue is with Vanguard rather than Google. Anyone else notice this, or is it just me? I have the exact same problem, also starting on the same day. Very annoyed with Vanguard at the moment. I experienced similar problem but then when I requested code 2nd time, it came through. This same behavior was seen with other sites which request code from text message and so I am wondering if this just turned out to be Vanguard + Google issues. Not unique to Vanguard. It's may be Google's issue. See Messages...
- Wed May 18, 2022 5:51 pm
- Forum: Personal Consumer Issues
- Topic: Vanguard security codes via Google Voice
- Replies: 80
- Views: 9274
Re: Vanguard security codes via Google Voice
I think it may not be related to Vanguard. 2FA codes via Google Voice stopped working for access to a major money center bank since yesterday. Curiously 2FA codes via a phone call to Google Voice number (not forwarded to my cell) works. This has happened off and on and after some time (a few weeks) appears to be resolve itself without any action on my part.xenial wrote: ↑Wed May 18, 2022 5:38 pm I'm resurrecting this thread from last year. Yesterday (5/17/22) and today I've failed to receive logon security codes via Google Voice. The problem coincides with a change in appearance of Vanguard's security code entry page, so I'm guessing the issue is with Vanguard rather than Google.
Anyone else notice this, or is it just me?
Boglesmind
- Tue May 17, 2022 2:12 pm
- Forum: Personal Investments
- Topic: Lower income, tax loss harvesting, Roth conversion
- Replies: 22
- Views: 1674
Re: Lower income, tax loss harvesting, Roth conversion
OP,Timoshenko wrote: ↑Tue May 17, 2022 11:01 amI have a Schedule D, but FreeTaxUSA did not generate a Qualified Dividends and Capital Gains worksheet for me. I just completed the worksheet manually and obtained zero. I guess FTUSA just skips this since it's obvious if the filers income is less than $40k.Do you have a Schedule D?
Do you have a Qualified Dividends and Capital Gains worksheet?
You can check FTUSA calculations with a simple web based calculator that handles Social Security income, tax-exempt interest, QDI and capital gains with 2022 Estimated Tax Worksheet The dropdown menu lets you select 2021 as well.
Boglesmind
- Tue May 17, 2022 11:21 am
- Forum: Personal Finance (Not Investing)
- Topic: Rent vs Buy in Bay Area: (my) number-driven approach
- Replies: 71
- Views: 7626
Re: Rent vs Buy in Bay Area: (my) number-driven approach
You meant CAGR calculated as (((End Value/Start Value)^(1/Periods)) -1 and not sqrt() as mentioned, right?deanmoriarty wrote: ↑Tue May 17, 2022 8:52 am I sampled various datapoints from different time horizons (mostly the properties that I would actually be interested in buying that fit my criteria, and I ran a sqrt(newest_sale_price - oldest_sale_price, number_of_years)), typically starting from the 80s, 90s and 2000s.
- Mon May 16, 2022 12:32 am
- Forum: Personal Finance (Not Investing)
- Topic: Avoid CA taxes during retirement
- Replies: 54
- Views: 10211
Re: Avoid CA taxes during retirement
Of course. The nuance you may be missing is that California property owners have Prop 13 protections during their ownership of the home and the property owner in Texas does not. If in 20 years the Texas property value has increased to $4 million and the California property has increased to $6 million it will be the Texas property owner who theoretically is paying more property taxes. Well, that's a big if. I'm sure you realize that prop taxes are part of home price appreciation (i.e. Texas homes won't appreciate as much). Homes in Austin and Dallas suburbs are on a tear for the last 10 years or so. Our friends prop taxes in those areas went from 1/3rd to 2/3rd of our CA property taxes. CA Proposition 13 limits increases in assessed values ...
- Mon May 16, 2022 12:25 am
- Forum: Personal Finance (Not Investing)
- Topic: Avoid CA taxes during retirement
- Replies: 54
- Views: 10211
Re: Avoid CA taxes during retirement
When it comes to property taxes, what matters to me is the actual dollars paid, not the rate. By way of example, if a 2,500 sf house on a 1/4 acre in California costs $2 million and the owner has to pay $20,000 per year in property taxes (rate of 1%) and the same house in Texas costs $800,000 and the homeowner there pays $16,000 in property taxes (rate of 2%) . . . isn't the Texas homeowner better off in terms of property taxes, despite paying a higher rate? My Texas friends' property taxes (absolute amount) used to be 1/3rd of ours and now it's 2/3rd of ours in just about 10 years. And Texas rates are increasing at a faster rate since Prop 13 limits CA property tax increases to 2% a year. Most of the retirees (especially the ones who boug...
- Mon May 16, 2022 12:15 am
- Forum: Personal Finance (Not Investing)
- Topic: Avoid CA taxes during retirement
- Replies: 54
- Views: 10211
Re: Avoid CA taxes during retirement
5. CA has prop 13 limit on property taxes. We pay roughly 1% on assessed value + parcel taxes not based on assessed value and the toal comes to ~1.25% of assessed value. Assesed value doesn't increase more then 2% a year. Friends in Austin, Dallas etc, for example, pay far more in property taxes (2+% of assessed value which increases every year, no limit) Boglesmind However, your friends in Texas also pay far less in state income taxes, in fact, it's zero in Texas. This is just another example of... Well, they have to get the money to run the state from somewhere! Sales tax Income tax Property tax Luxury tax etc. Regards, It's true that state govts have to get the money to run the state from somewhere. I was just pointing out CA taxes aren...
- Sun May 15, 2022 2:02 pm
- Forum: Personal Finance (Not Investing)
- Topic: Avoid CA taxes during retirement
- Replies: 54
- Views: 10211
- Sun May 15, 2022 2:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: Avoid CA taxes during retirement
- Replies: 54
- Views: 10211
Re: Avoid CA taxes during retirement
Watching this: https://youtu.be/x2shSiKmYRw I plan to have 2-3m in VOO for potential early retirement. And annual spending is about 80-100k. So I think if I am smart about it I don’t have to pay any federal taxes (assuming no w2 income). What is the math for CA taxes? I like CA and see myself retrieving here (but who knows). Is there a way I can pay 0 in state taxes (capital gains and overall). 1. California has progressive tax rates ranging from 1% to 12.30% for MFJ. See CA 2021 tax calculator, rates and tables taxable Income Tax $ 0 to $18,650 0.00 + 1.00% over 0 $18,650 to $44,214 186.50 + 2.00% over 18,650 $44,214 to $69,784 697.78 + 4.00% over 44,214 $69,784 to $96,870 1,720.58 + 6.00% over 69,784 $96,870 to $122,428 3,345.74 + 8.00% ...
- Wed May 11, 2022 7:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Qualified dividend 12 pct tax bracket
- Replies: 36
- Views: 1974
Re: Qualified dividend 12 pct tax bracket
I am not a computer guy and never used a spreadsheet. Then this is probably not the time to start. ;) The "mortgagecalculator" link that cas supplied is probably the best web tool. TaxCaster might work for your case, but it seems primarily an advertising tool for Intuit. As good as the replies have been, I saw nothing that was 100 pct clear to me, regarding this 85%,which is my problem. The confusion comes from the dividends causing me to pay more taxes despite them being not taxed. Like I said, I assumed 85% of my SS was being taxed. Understood - if in fact 85% of your SS was being taxed then things would be different. It's because some percentage less than 85% is currently being taxed that additional income (that causes a highe...
- Tue May 10, 2022 3:38 pm
- Forum: Investing - Theory, News & General
- Topic: U.S. stocks in free fall
- Replies: 36221
- Views: 4653704
Re: U.S. stocks in free fall
+1SantaClaraSurfer wrote: ↑Tue May 10, 2022 2:59 pm Anybody else out there looking at this market turmoil and doing "a whole lot of nothing?"
I've got plenty of new contributions lined up for early June, and, normally, I'd be tempted to find a way to move them up.
But right now, I feel compelled to do zero.
- Tue May 10, 2022 11:13 am
- Forum: Investing - Theory, News & General
- Topic: Is this market pullback a good time to do more Roth conversions than planned?
- Replies: 41
- Views: 4410
Re: Is this market pullback a good time to do more ROTH conversions than planned?
Great discussion! Our usual plan is to convert up to the 12% bracket for MFJ, AND not exceed the 0% bracket for capital gains and qualified dividend income. Because if we exceed the latter, our marginal tax rate would be 27% (12 % for the ordinary income + 15% for CGs and QDI that got pushed over the 0% tax bracket). We haven't done the Roth connversions yet this year and waiting the market to get even lower :-) According to our IPS, when market tanks 30% or more, we'd convert upto the 12% bracket, ignoring the 27% marginal taxes on the CGs+QDI that is over the 0% bracket for CGs. ... Any comments on this approach? Boglesmind I must be missing something, because my understanding is that the difference is only $200. Top of 12% = $83,550 Top...
- Tue May 10, 2022 10:33 am
- Forum: Investing - Theory, News & General
- Topic: Is this market pullback a good time to do more Roth conversions than planned?
- Replies: 41
- Views: 4410
Re: Is this market pullback a good time to do more ROTH conversions than planned?
Great discussion! Our usual plan is to convert up to the 12% bracket for MFJ, AND not exceed the 0% bracket for capital gains and qualified dividend income. Because if we exceed the latter, our marginal tax rate would be 27% (12 % for the ordinary income + 15% for CGs and QDI that got pushed over the 0% tax bracket). We haven't done the Roth connversions yet this year and waiting the market to get even lower :-) According to our IPS, when market tanks 30% or more, we'd convert upto the 12% bracket, ignoring the 27% marginal taxes on the CGs+QDI that is over the 0% bracket for CGs. ... Any comments on this approach? Boglesmind I must be missing something, because my understanding is that the difference is only $200. Top of 12% = $83,550 Top...
- Mon May 09, 2022 9:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: Calling medicare experts -- mid year transition to Medicare from Covered CA - when is the latest month to start
- Replies: 3
- Views: 430
Re: mid year transition to Medicare from Covered CA - when is the latest month to start
I haven't dug into the depths of this yet, but I'll be interested in the responses as it may become relevant to us before long. My suspicion is that even though they can stay on the CoveredCA plan a bit past 65, the subsidy may well get pulled for those months. Note that they have to report when they become eligible for Medicare, not just when they actually are on it. You might be able to confirm (or refute) this by doing a dummy tax return using this year's tax software and digging down into the detail of the ACA forms (just be aware that the subsidy repayment part is wacky for 2021). Thanks, you may be right. https://www.coveredca.com/support/before-you-buy/people-with-medicare/ says If you currently have a Covered California plan and be...
- Mon May 09, 2022 9:41 pm
- Forum: Investing - Theory, News & General
- Topic: Is this market pullback a good time to do more Roth conversions than planned?
- Replies: 41
- Views: 4410
Re: Is this market pullback a good time to do more ROTH conversions than planned?
Great discussion! Our usual plan is to convert up to the 12% bracket for MFJ, AND not exceed the 0% bracket for capital gains and qualified dividend income. Because if we exceed the latter, our marginal tax rate would be 27% (12 % for the ordinary income + 15% for CGs and QDI that got pushed over the 0% tax bracket). We haven't done the Roth connversions yet this year and waiting the market to get even lower :-) According to our IPS, when market tanks 30% or more, we'd convert upto the 22% bracket (was 12% bracket, corrected now), ignoring the 27% marginal taxes on the CGs+QDI that is over the 0% bracket for CGs. Reasoning is as follows: we pay the taxes from taxable acct, we don't need to draw on Roth funds, RMDs at 72 + 85% of SS at 70 + ...