Search found 985 matches

by Longdog
Thu Feb 22, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: Bond Fund Interest as QDI?
Replies: 11
Views: 534

Re: Bond Fund Interest as QDI?

I think your question was misunderstood because the term "fixed income" is commonly used equivalently to mean bond funds. What you are basically asking is whether high dividend stock funds can have better yields compared to bond funds? Is this your question? Uh oh. I feel a “dividend versus total r...
by Longdog
Thu Feb 22, 2018 4:57 am
Forum: Investing - Help with Personal Investments
Topic: Owe IRS $33K, need help with tax planning for 2018
Replies: 12
Views: 1690

Re: OWE IRS $33K, NEED HELP WITH TAX PLANNING FOR 2018

While it won’t have a significant impact this or even next year, making backdoor Roth IRA contributions will, over time, allow a portion of your portfolio to grow without any future tax consequences, reducing what you otherwise might have in a taxable account that contributes to your tax burden. Jus...
by Longdog
Wed Feb 21, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Safe to file taxes now?
Replies: 54
Views: 4196

Re: Safe to file taxes now?

3dream3 wrote:
Tue Feb 20, 2018 10:52 pm
What do the 1099 forms really provide if you are tracking what you are doing financially over the year? Any mistake should be caught mid-year / as the transaction happens, yes?
A minor item would be whether the cost basis is reported to the IRS or not on sold shares.
by Longdog
Mon Feb 19, 2018 10:53 am
Forum: Investing - Help with Personal Investments
Topic: How to choose tax exempt bonds
Replies: 3
Views: 322

Re: How to choose tax exempt bonds

With the tax reform law just passed taking effect in 2018, it is unlikely that you will be impacted by AMT from tax year 2018 and beyond, unless another tax reform law gets passed that reverts back.
by Longdog
Sun Feb 18, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: I reduced my exposure to US stocks before the correction.
Replies: 39
Views: 3904

Re: I reduced my exposure to US stocks before the correction.

So I did something unorthodox which was to reduce my exposure to US stocks **before** the recent correction. I take no particular pride in that. It was just a matter of feeling more confortable. For now, I am glad I did because I don't see much room for the US bull market given current valuations. ...
by Longdog
Fri Feb 16, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting MUB
Replies: 11
Views: 936

Re: Tax loss harvesting MUB

Just thought it worth pointing out that that ETF did not go down because of the recent stock market decline. It went down because of rising interest rates. It doesn’t hold stocks.
by Longdog
Thu Feb 15, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: I think I filed my back door roth incorrectly in Turbo tax
Replies: 8
Views: 658

Re: I think I filed my back door roth incorrectly in Turbo tax

I am preparing my taxes for 2017 using Turbo tax. I made a back door roth contribution for 2017. I filed the 5500 under the income section via the 1099 R provided by Vanguard. I then went to deductions and claimed it as a non deductible transfer from a TIRA to a RIRA. it applied this 5500 as income...
by Longdog
Wed Feb 14, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Incorrect cost basis on Fidelity tax statements
Replies: 12
Views: 953

Re: Incorrect cost basis on Fidelity tax statements

It seems like there must be some sort of problem at Fido if the OP has short term losses on a stock with no basis information available since brokers have been required to track that on purchases made since 2011. Some stocks are still not covered, for example MLPs which report tax info on a K1 and ...
by Longdog
Tue Feb 13, 2018 11:02 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 107
Views: 9494

Re: What if you only live off dividends?

Yes, you can do that. It basically means being very conservative with your expenses relative to your assets. Some would say being more conservative than necessary, but I think it all depends on your values: whether you have a goal to leave money to heirs and/or charities, and what you want your stan...
by Longdog
Mon Feb 12, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank no penalty CD withdrawal
Replies: 5
Views: 1065

Re: Ally Bank no penalty CD withdrawal

For an 11-month no penalty CD at Ally, the "current balance" is the purchase price of the CD. Interest accumulates but is not distributed until the CD is closed early or it matures.
by Longdog
Sat Feb 10, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37454

Re: To take or not to take delivery of Tesla 3

At the reveal the original date was 19/20. Then when they got the nearly 400K reservations he moved it up which started this whole OMG we have do it now and spend $1B a year to do it. Yeah by July 17 he was expecting more but oh well can't always be right. :D Of course not. Nobody is always right. ...
by Longdog
Fri Feb 09, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Successor Trustee questions
Replies: 5
Views: 407

Re: Successor Trustee questions

Is there any chance you can distribute the assets you expect to pay dividends to the beneficiaries before their ex-dividend dates? If so, it could simplify your record keeping. Perhaps it’s too late, but if the dividend amount paid so far is below the filing threshold for trusts and estates, and you...
by Longdog
Fri Feb 09, 2018 7:48 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37454

Re: To take or not to take delivery of Tesla 3

Anyone else have a delivery estimate that is teetering on the edge of the phaseout (presumably end of Q3 based on most estimates, credit cuts in half beginning Q4) and and getting cold feet as a result? My projected delivery date was pushed to Mar-May, if I choose the LR RWD premium upgrades versio...
by Longdog
Thu Feb 08, 2018 5:18 am
Forum: Investing - Theory, News & General
Topic: The mechanics of exercising Stock Appreciate Rights
Replies: 5
Views: 437

Re: The mechanics of exercising Stock Appreciate Rights

As part of my compensation, my publicly traded MegaCo employer grants me Stock Appreciation Rights annually that vest over time. They are similar to, but not exactly the same as, stock options. Their value is equal to the current market price of the stock less the grant price, so if the stock goes ...
by Longdog
Wed Feb 07, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: The mechanics of exercising Stock Appreciate Rights
Replies: 5
Views: 437

Re: The mechanics of exercising Stock Appreciate Rights

Pajamas wrote:
Wed Feb 07, 2018 3:07 pm
Generally, from treasury stock.

https://www.investopedia.com/terms/t/treasurystock.asp
Thanks. That makes sense. I was unaware of that term.
by Longdog
Wed Feb 07, 2018 2:53 pm
Forum: Investing - Theory, News & General
Topic: The mechanics of exercising Stock Appreciate Rights
Replies: 5
Views: 437

The mechanics of exercising Stock Appreciate Rights

As part of my compensation, my publicly traded MegaCo employer grants me Stock Appreciation Rights annually that vest over time. They are similar to, but not exactly the same as, stock options. Their value is equal to the current market price of the stock less the grant price, so if the stock goes u...
by Longdog
Wed Feb 07, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: would this be considered a wash sale?
Replies: 6
Views: 313

Re: would this be considered a wash sale?

so i'm looking at the wash sale rules, and scottrade has the following example: Example#3 - Wash sale May 10 buy 50 shares of XYZ for $500.00 May 10 buy 50 shares of XYZ for $500.00 May 11 sell 50 shares of XYZ for $450.00 Example#3 is a wash sale because it met both requirements for the wash sale ...
by Longdog
Tue Feb 06, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: sell and wait for further drop on Tax-Advantaged accounts?
Replies: 8
Views: 545

Re: sell and wait for further drop on Tax-Advantaged accounts?

Just so I understand, you are saying that while you know it's not a great idea to time the market, you are asking if it is a good idea to time the market?
by Longdog
Tue Feb 06, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Where would you tell a 12 year old to park his money
Replies: 32
Views: 1839

Re: Where would you tell a 12 year old to park his money

My son is 12 and has 1500 to invest (years of savings allowance and holiday money). He opened an etrade account years ago (in my name) and has some shares of Apple, iRobot and ShakeShack. He is ready to move onto index funds -- I just opened an account for him at Vanguard. Where would you suggest a...
by Longdog
Mon Jan 29, 2018 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Trust account at Vanguard with 2 trustees with separate logins
Replies: 15
Views: 1163

Re: Trust account at Vanguard with 2 trustees with separate logins

We have a joint trust account at Vanguard which is tagged with my SSN. The Vanguard rep who last helped us says there can only be one SSN attached to each account. Is this true? We will be opening a new account to hold an inheritance DH is receiving. Won't the new (inherited) trust be an irrevocabl...
by Longdog
Sun Jan 28, 2018 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds - 100% When All You Need is the Income
Replies: 55
Views: 5044

Re: Municipal Bonds - 100% When All You Need is the Income

Thanks -- it's weird to think of having "won the game." I'm really uneasy about it. As for the investments, I think the credit risk on these funds is pretty well-managed, but there's certainly some interest-rate risk (as with all bonds). I also think you're right about the tax issue, I worry too mu...
by Longdog
Sun Jan 28, 2018 6:59 am
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds - 100% When All You Need is the Income
Replies: 55
Views: 5044

Re: Municipal Bonds - 100% When All You Need is the Income

Thanks -- it's weird to think of having "won the game." I'm really uneasy about it. As for the investments, I think the credit risk on these funds is pretty well-managed, but there's certainly some interest-rate risk (as with all bonds). I also think you're right about the tax issue, I worry too mu...
by Longdog
Fri Jan 19, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Roth or Backdoor Roth
Replies: 8
Views: 799

Re: Roth or Backdoor Roth

2. Let's say I choose the backdoor method. I already have a tIRA account in VG with balance around $12k. If I do a non-deductible contribution to this account, how soon will I be able to convert this into Roth? 3. In 2nd case, will be I be able to move $5500 from tIRA to Roth account or I must move...
by Longdog
Thu Jan 18, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Neighbor bequest question
Replies: 2
Views: 465

Re: Neighbor bequest question

Payable on Death takes precedence over a will. Accounts registered as POD are not included in the probate estate. So yes, they hold up even if there is a will. If the elderly person is of sound mind, then this seems to be a good and easy way to achieve the desired result.
by Longdog
Mon Jan 15, 2018 5:09 am
Forum: Investing - Help with Personal Investments
Topic: Family death, house for sale, under-valued.
Replies: 19
Views: 2470

Re: Family death, house for sale, under-valued.

Sounds like a really contrived way to acquire a piece of real estate by an inexperienced flipper. I believe there’s quite a bit of risk that you are not aware of, beyond financial issues, including a good chance of strained family relationships. I’d pass on this “opportunity.” Good luck whatever you...
by Longdog
Sun Jan 14, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Millionaire Study
Replies: 59
Views: 10706

Re: Dave Ramsey's Millionaire Study

GuyInFL wrote:
Sun Jan 14, 2018 12:55 am
It's an anonymous survey. Or at least contact info is optional.
It’s also non-scientific (e.g., self-selecting), but it was fun to fill out. It did seem neutral and it was anonymous, other than the ability to log your IP address if so inclined.
by Longdog
Sat Jan 13, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Telematics and Auto Insurance
Replies: 13
Views: 827

Re: Telematics and Auto Insurance

I had one and amassed a 21% discount. After two years, the insurer upped their rates more than I expected, which motivated me to shop around and I found that the best rate for me was with an insurer that doesn't use those devices. My conclusion is that some insurers will choose to use them to fine t...
by Longdog
Sun Jan 07, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37454

Re: To take or not to take delivery of Tesla 3

This afternoon I asked my question about trade-in values to a Tesla representative at the Tesla store at the local mall, and he said that for the same car with and without autopilot, the trade-in value would be $5,000 more for the one with autopilot. Take that piece of information for whatever you f...
by Longdog
Sun Jan 07, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 460
Views: 37454

Re: To take or not to take delivery of Tesla 3

Does anyone who has reserved or configured one have thoughts about whether autopilot is worth purchasing prior to delivery ($5k prior to delivery; $6k afterwards). I’m thinking it probably is because unlike the hardware in the car, the $5,000 initial cost doesn’t depreciate - it actually makes the c...
by Longdog
Sat Jan 06, 2018 2:10 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 145
Views: 6088

Re: Misuse of adverse

Pete12 wrote:
Fri Jan 05, 2018 3:54 pm
Pajamas wrote:
Fri Jan 05, 2018 3:47 pm
What about this?

https://en.wikipedia.org/wiki/Bagel_head
Lovely...
Oh man do I feel foolish. I thought that’s what this group was and couldn’t understand why there was all of this finance talk.
by Longdog
Sat Jan 06, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 31768

Re: Ally Bank 11 month [No-Penalty CD]

Kevin, with the national muni MM fund, what is the risk of loss due to rising market interest rates (assuming they do rise even if the slope is small)? A money market fund typically won't have any losses when rates rise, since the charter of a money market fund is to maintain a stable value of $1.0...
by Longdog
Wed Jan 03, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Why the Roth IRA Bias?
Replies: 133
Views: 29042

Re: Why the Roth IRA Bias?

I think the end game is to get as much in a Roth as possible, but the path to getting to that point is either to contribute initially to a Roth if you are in a low tax bracket or to contribute to pre-tax accounts initially if you are in a high tax bracket, then to eventually convert to Roth if you f...
by Longdog
Tue Jan 02, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Value of Mega Backdoor Roth IRA
Replies: 5
Views: 807

Re: Value of Mega Backdoor Roth IRA

For me, it wouldn't be a primary consideration, though it is very nice and I wish my company offered it. All other things being equal go with the company that offers it. But all other things are rarely equal!
by Longdog
Tue Jan 02, 2018 5:17 am
Forum: Investing - Theory, News & General
Topic: Roth Conversions without ability to Recharacterize
Replies: 45
Views: 2513

Re: Roth Conversions without ability to Recharacterize

I think mine will be reasonably predictable so I will probably split my conversion into a large one early in the year and a smaller one late in the year. If one's situation was less certain waiting until late in the year makes sense. I'm still new to conversions but why would you convert anything a...
by Longdog
Mon Jan 01, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Plans in case FIFO requirement is revived
Replies: 8
Views: 536

Re: Plans in case FIFO requirement is revived

Maybe convert the low cost basis shares to the ETF share class VTI. So you’d have low cost basis shares of VTI and higher cost basis shares of VTSAX.
by Longdog
Mon Jan 01, 2018 5:10 am
Forum: Investing - Help with Personal Investments
Topic: Placing an order to buy VTSAX, at what price will the transaction be executed?
Replies: 21
Views: 1396

Re: Placing an order to buy VTSAX, at what price will the transaction be executed?

Thanks, everyone! :beer I'll place the order (and monitor for VTI on tuesday, just in case...) Once you've placed the order to purchase a mutual fund with Vanguard (pressed 'submit'), there's no opportunity to rescind the order. You can certainly monitor for VTI on Tuesday, but if you've already pl...
by Longdog
Sun Dec 31, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Placing an order to buy VTSAX, at what price will the transaction be executed?
Replies: 21
Views: 1396

Re: Placing an order to buy VTSAX, at what price will the transaction be executed?

Thanks, everyone! :beer I'll place the order (and monitor for VTI on tuesday, just in case...) Once you've placed the order to purchase a mutual fund with Vanguard (pressed 'submit'), there's no opportunity to rescind the order. You can certainly monitor for VTI on Tuesday, but if you've already pl...
by Longdog
Sun Dec 31, 2017 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion - Break Even Calculation - How do you do it?
Replies: 27
Views: 2073

Re: Roth Conversion - Break Even Calculation -

I don't think there is one simple formula. Most assume that you"'ll withdraw from the Roth on a similar basis as the traditional account. Is it big enough to change the tax status of SS? Will you need RMDs or will this be passed to heirs? If you can defer RMDs and plan to pass the account to heirs,...
by Longdog
Thu Dec 28, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2910

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

Opening a DAF at the same place you hold assets is probably the only way to make it happen on time.... though you can move it later. I opened a Vanguard DAF with 10 years worth of planned giving (might grant quicker...) but will move it to Fidelity when the staff is less crazy busy, since Fidelity ...
by Longdog
Wed Dec 27, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Estate Tax and early gifting inheritance question
Replies: 3
Views: 253

Re: Estate Tax and early gifting inheritance question

If it is just her, she will need to file a gift tax return since the amount is above the annual gift exclusion amount of $15,000. That does NOT mean that she will owe taxes - she won't. But she's still required to file it. And yes, with that amount she will not be subject to eventual estate taxes. T...
by Longdog
Tue Dec 26, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Problem donating VTSAX shares to Schwab Charitable
Replies: 19
Views: 950

Re: Problem donating VTSAX shares to Schwab Charitable

I have a Fidelity DAF and mutual funds and ETFs at Vanguard. I have never been able to "push" securities from my Vanguard taxable account to my Fidelity DAF. I've called Vanguard numerous times and get told every time that Fidelity Charitable must "pull". That has been my experience as well with Fi...
by Longdog
Mon Dec 25, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Tax Questions 2017 (Not all the crazy new stuff)
Replies: 16
Views: 1429

Re: Tax Questions 2017 (Not all the crazy new stuff)

Medical/dental premiums are only deductible to the extent they exceed 10% of your AGI. The tax bill reduced this to 7.5% for 2017 and 2018. For insurance premiums as well as medical expenses? Are you sure? SEC. 11027. TEMPORARY REDUCTION IN MEDICAL EXPENSE DEDUCTION FLOOR. (a) In General.--Subsecti...
by Longdog
Mon Dec 25, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Tax Questions 2017 (Not all the crazy new stuff)
Replies: 16
Views: 1429

Re: Tax Questions 2017 (Not all the crazy new stuff)

Yes the first 4 deduction items are straight off the paycheck. 401k/403b/FSA/ Premiums . The rest are itemizations and the medical does not double include premiums and only includes the portion over 7.5%. This still doesn’t seem likely to get me to 110k if the Charity, medical expenses, preoperty t...
by Longdog
Mon Dec 25, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Tax Questions 2017 (Not all the crazy new stuff)
Replies: 16
Views: 1429

Re: Tax Questions 2017 (Not all the crazy new stuff)

jebmke wrote:
Mon Dec 25, 2017 8:08 am
Longdog wrote:
Mon Dec 25, 2017 7:11 am
Medical/dental premiums are only deductible to the extent they exceed 10% of your AGI.
The tax bill reduced this to 7.5% for 2017 and 2018.
For insurance premiums as well as medical expenses? Are you sure?
by Longdog
Mon Dec 25, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Tax Questions 2017 (Not all the crazy new stuff)
Replies: 16
Views: 1429

Re: Tax Questions 2017 (Not all the crazy new stuff)

Medical/dental premiums are only deductible to the extent they exceed 10% of your AGI.
by Longdog
Sat Dec 23, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: Standard deduction tax question
Replies: 9
Views: 1681

Re: Standard deduction tax question

Look at the "stack" in about the middle of this link. http://www.moneychimp.com/features/tax_brackets.htm The interest income is ordinary income and sits on the bottom of the stack, under the qualified dividends. The standard deduction will apply against the ordinary income first and then some of y...
by Longdog
Sat Dec 23, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Standard deduction tax question
Replies: 9
Views: 1681

Standard deduction tax question

I am doing some tax planning for my eventual retirement, tailored to my situation, and have a question about how the deduction gets applied against taxable unearned income. Specifically, and to simplify the issue, if you have nothing other than a mix of taxable interest income (taxed at your margina...
by Longdog
Sat Dec 23, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Donor Advised Fund costs
Replies: 45
Views: 2838

Re: Donor Advised Fund costs

That requires a certain level of expertise and administrative overhead, and also provides a great deal of convenience over the donor making a bunch of individual donations when using appreciated securities. The Fidelity minimums are quite low, much lower than Vanguard. I suspect where Fidelity make...
by Longdog
Tue Dec 19, 2017 2:56 pm
Forum: Investing - Theory, News & General
Topic: Who missed out on maximizing 401k?
Replies: 62
Views: 5785

Re: Who missed out on maximizing 401k?

No doubt you will regret this oversight for the rest of your life. Or at least every time, in retirement, you have an unexpected $20 expense. :) I created a spreadsheet that allows me to adjust my contribution amounts through the year, to adjust for my raise and the variable amount of quarterly bonu...
by Longdog
Tue Dec 19, 2017 7:57 am
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 77
Views: 10814

Re: Vanguard year end distributions - updated estimates

InvestorNewb wrote:
Tue Dec 19, 2017 7:39 am
It's December 19th and I don't see the amounts posted for the ETFs.
They won't be posted until after they are formally declared. Most likely won't show up online until the ex-dividend date for each ETF.