Search found 1456 matches

by Longdog
Sat May 23, 2020 9:21 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 338
Views: 23752

Re: The axe falls and I am prepared. What's next?

Klangfool, I, too, have read many of your posts over the years and found them very thoughtful, logical, and insightful. As a fellow engineer, to me they clearly were written from the logical perspective of an engineer. Based on the frequency with which you mention your career, I get the impression t...
by Longdog
Fri May 22, 2020 11:06 am
Forum: Personal Consumer Issues
Topic: Discarding Music CDs
Replies: 97
Views: 6349

Re: Discarding Music CDs

Have you considered donating them to your local library? I donated some CDs and DVDs to my library and they were ecstatic at getting the donation. I am sure the library would not want them. I had fairly atrocious tastes in music. You know, stuff like boybands and instrumental tracks to truly bad mo...
by Longdog
Thu May 21, 2020 8:25 pm
Forum: Investing - Theory, News & General
Topic: Help me understand tax on mutual fund
Replies: 7
Views: 465

Re: Help me understand tax on mutual fund

My question is, even if you sold your retirement account holdings at the peak and staying with Cash you probably made a 15-16% profit as of now ( short term and if you went all in today). However if you did that on your taxable account ( assuming you were invested in mutual funds only) wouldn’t the...
by Longdog
Mon May 18, 2020 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Tax Deductions for Donation to Donor Advised Fund from account titled in name of Revocable Trust
Replies: 7
Views: 307

Re: Tax Deductions for Donation to Donor Advised Fund from account titled in name of Revocable Trust

If you’re uncomfortable doing that way (though I think it is totally legitimate) I can think of several options to avoid that: 1) Make the contribution before the joint account gets retitled. The retitled account will probably have a new account number so it will be distinguishable from your joint ...
by Longdog
Mon May 18, 2020 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Tax Deductions for Donation to Donor Advised Fund from account titled in name of Revocable Trust
Replies: 7
Views: 307

Re: Tax Deductions for Donation to Donor Advised Fund from account titled in name of Revocable Trust

If you’re uncomfortable doing that way (though I think it is totally legitimate) I can think of several options to avoid that: 1) Make the contribution before the joint account gets retitled. The retitled account will probably have a new account number so it will be distinguishable from your joint a...
by Longdog
Tue Apr 28, 2020 12:27 pm
Forum: Personal Investments
Topic: RMDs
Replies: 13
Views: 868

Re: RMDs

It depends on your current tax situation as well as your availability of other sources of income to meet your needs.
by Longdog
Tue Apr 28, 2020 8:40 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting flowchart
Replies: 62
Views: 3326

Re: Tax Loss Harvesting flowchart

What’s the advantage of turning off auto reinvestment of dividends if you can just sell the reinvested dividend? The advantage is minimal, but it's still there. 3) I'm not 100% sure, but if there's any chance that qualified dividends would be recharacterized as non-qualified, I don't want to take t...
by Longdog
Mon Apr 27, 2020 2:31 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting flowchart
Replies: 62
Views: 3326

Re: Tax Loss Harvesting flowchart

I think your third box on the left is attempting to avoid turning qualified dividends into non-qualified dividends I may have some old stocks I buy stock on 1/1 It gives me dividends on 1/10 I sell on 1/20 all the stocks I bought on 1/1 I understand the dividends will not be qualified. But I sell t...
by Longdog
Sun Apr 26, 2020 7:56 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19834

Re: Why am I even saving for retirement?

Just ran my wife's and my numbers through https://ssa.tools/ Even if we don't save another dime, we will have more than enough to cover that 10 year drawdown from age 60 to 70 (assuming conservative growth over the next 25 years of our current portfolio). So why should we save anything more? 1) Bec...
by Longdog
Fri Apr 24, 2020 7:17 pm
Forum: Personal Investments
Topic: Can't turn off dividend reinvestment with Vanguard
Replies: 20
Views: 1424

Re: Can't turn off dividend reinvestment with Vanguard

Since the account only has one fund in it why do you not want dividends reinvested? It can mess up tax loss harvesting with my taxable account For future planning, try not to hold the exact same funds in both taxable and tax-advantaged. Correct. I do not. I'm in the middle of a TLH. Exchanged VTSAX...
by Longdog
Fri Apr 24, 2020 7:01 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting flowchart
Replies: 62
Views: 3326

Re: Tax Loss Harvesting flowchart

I think your third box on the left is attempting to avoid turning qualified dividends into non-qualified dividends. So, in that box, they would have to be shares held prior to the ex-dividend date. Shares purchased after that date wouldn't have generated dividends that you need to be concerned about...
by Longdog
Thu Apr 23, 2020 6:56 pm
Forum: Investing - Theory, News & General
Topic: Bonds won't get you anywhere!
Replies: 85
Views: 9034

Re: Bonds won't get you anywhere!

Stocks are good when your investing horizon is a long time out.In other words, for money you won't need for many, many years. But realize that they can suddenly drop 30% or more apparently out of nowhere, like they just did in March. As you accumulate more and more assets, and hopefully benefit from...
by Longdog
Tue Apr 21, 2020 9:12 am
Forum: Personal Investments
Topic: 100k Backdoor Roth?
Replies: 14
Views: 732

Re: 100k Backdoor Roth?

Can I withdraw $100K from my pretax 401k, put the proceeds in a traditional IRA, and convert it to Roth? If so, what are the tax consequences? 1) Yes. 2) You pay tax at your marginal rate on that $100K. Can you please explain 2? Section 2103(a)(3) of CARES says: (A) IN GENERAL.—Any individual who r...
by Longdog
Tue Apr 21, 2020 6:33 am
Forum: Personal Investments
Topic: Carrying forward and tracking ST and LT losses to future years
Replies: 3
Views: 260

Carrying forward and tracking ST and LT losses to future years

In a given year, if you have more short-term losses than short-term gains AND if you have more long-term losses than long-term gains AND you have other income exceeding $3000 then the residual unused losses get carried forward to the next year, in their appropriate categories (ST versus LT). From wh...
by Longdog
Sun Apr 19, 2020 7:47 am
Forum: Investing - Theory, News & General
Topic: Will indexes continue to perform well?
Replies: 35
Views: 1727

Re: Will indexes continue to perform well?

If you believe that equities should be part of your portfolio, then indexes will continue to be better than most actively managed funds. But not all of them. Unfortunately there’s no way to know beforehand which ones, if any, will perform better. Only after-the-fact - which is not actionable. And ev...
by Longdog
Sun Apr 12, 2020 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: What are some financial positives of the current crisis?
Replies: 31
Views: 3195

Re: What are some financial positives of the current crisis?

I doubt there is a financial positive for one person that isn’t simultaneously a financial negative for someone else. Probably in six - twelve months a lot of items will be less expensive because retailers will be desperate for sales, but will have had to lay off many workers. I wouldn’t consider th...
by Longdog
Sun Apr 12, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus payment twist (unusual circumstance)
Replies: 7
Views: 1111

Re: Stimulus payment twist (unusual circumstance)

Sorry about your dad. I would interpret the law as saying $1200/taxpayer, so that's how much SHOULD be deposited. However, that doesn't mean there won't be a deposit of $2400 because they will rely on the 2018 tax return. I give it 50/50 odds of either outcome. You'll find out soon! Please let us kn...
by Longdog
Fri Apr 10, 2020 7:09 pm
Forum: Personal Investments
Topic: Mutual Shares Fund - Still Worth Holding?
Replies: 12
Views: 906

Re: Mutual Shares Fund - Still Worth Holding?

I've had this fund since October 1987, when it was sold by Heine Securities. Bought my first shares a few days before black Monday - an experience that has greatly informed my investing career! I had been investing in it on and off for many years, got notified when its founder Max Heine died in 1988...
by Longdog
Fri Apr 10, 2020 11:50 am
Forum: Personal Consumer Issues
Topic: Seller hesitant to part with something
Replies: 38
Views: 3389

Re: Seller hesitant to part with something

I did think about setting a timeline too. My strategy for now is to tell him I will pay his asking price for the item and that the offer stands for a week. But the reason I'm thinking of setting a timeline is so that he doesn't get to shop my offer around to other potential buyers in the hopes of g...
by Longdog
Fri Apr 10, 2020 7:49 am
Forum: Personal Consumer Issues
Topic: Seller hesitant to part with something
Replies: 38
Views: 3389

Re: Seller hesitant to part with something

Tell him you understand, and that your offer stands for X days/weeks/months, and if he changes his mind to please let you know. Thank him for his time and wish him well. Then move on and forget about it unless he contacts you again. The next move would be his.
by Longdog
Mon Apr 06, 2020 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard site still requiring RMD's?
Replies: 3
Views: 345

Re: Vanguard site still requiring RMD's?

That change was only signed into law a week ago. It’s unfortunate that you cannot immediately act on it, but I think it’s to be expected that Vanguard and every other financial services company (and even the IRS) would take a little time to update their systems and software to allow it.
by Longdog
Sat Apr 04, 2020 6:15 am
Forum: Personal Investments
Topic: Right time to convert to Roth IRA?
Replies: 14
Views: 1324

Re: Right time to convert to Roth IRA?

I'm not clear about the benefit of converting from IRA to Roth in a down market. Isn't it the case you pay taxes based on the dollar amount of the conversion, not the share value? So a $30,000 conversion is a $30,000 conversion in terms of what gets taxed. I realize that tax rates matter when doing...
by Longdog
Fri Apr 03, 2020 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor ROTH
Replies: 6
Views: 398

Re: Backdoor ROTH

Yes, you can do that, but will be subject to something called the pro rata rule, which takes into account existing deductible tIRA assets. See https://www.bogleheads.org/wiki/Backdoor_Roth for a detailed explanation.
by Longdog
Fri Apr 03, 2020 4:29 pm
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12827

Re: Tax Exempt Money Market Funds, Current Yields High

It’s a liquidity issue. It was even more pronounced a week ago, but the Fed has since agreed to buy short term (<12 month) munis, in addition to the commercial paper used for money market funds, to allow the municipal market to function.
by Longdog
Fri Apr 03, 2020 8:18 am
Forum: Investing - Theory, News & General
Topic: Why don't all investors go 100% stocks
Replies: 72
Views: 5143

Re: Why don't all investors go 100% stocks

Because eventually you (or someone connected to you) will actually need to use the value of your investments in some material, beneficial way, which will require you to cash some in to meet your needs. As you approach that day, you’re less able to take the risks associated with the day to day or yea...
by Longdog
Sat Mar 28, 2020 7:36 pm
Forum: Personal Investments
Topic: Exceeding the FDIC insured limit at a credit union
Replies: 9
Views: 780

Re: Exceeding the FDIC insured limit at a credit union

Yes, you should.

Also, with credit unions it's NCUSIF insurance, not FDIC.
by Longdog
Sun Mar 22, 2020 2:39 pm
Forum: Personal Investments
Topic: Wash sale rule question
Replies: 16
Views: 563

Re: Wash sale rule question

Let me see if I understand this correctly. If you sell all shares that you purchased in the last 31 days, and don't buy more in the next 30 days, then there is no wash sale even if, for example, a dividend was reinvested a few days earlier? I am asking because I am thinking of doing a TLH from VTSA...
by Longdog
Sun Mar 22, 2020 2:05 pm
Forum: Personal Investments
Topic: Another TLH Question. Does recent purchase of partner fund matter?
Replies: 1
Views: 98

Re: Another TLH Question. Does recent purchase of partner fund matter?

I want to TLH with VTSAX. I was planing on exchanging into VFIAX, but I recently obtained and sold some VOO (Vanguard S&P 500 ETF). Does this matter? Or does only recent purchase/sale of VTSAX matter in terms of avoiding a wash sale. If you are planning to sell VTSAX at a loss, the only thing that ...
by Longdog
Sat Mar 21, 2020 2:33 pm
Forum: Investing - Theory, News & General
Topic: If Stocks WILL Go Lower Than it is Now...
Replies: 133
Views: 11313

Re: If Stocks WILL Go Lower Than it is Now...

I fully understand not wanting to "time the market," I'm not really sure you do... The reason is because nobody actually knows. My guess, like many, is that it will continue downward, but there will be moments when it jumps up due to perceptions that "the worst is behind us" or "the downturn was ov...
by Longdog
Sun Mar 15, 2020 11:22 am
Forum: Personal Investments
Topic: How to Sell my stock shares (procedure question)
Replies: 29
Views: 1121

Re: How to Sell my stock shares (procedure question)

Never did this, please confirm if I'm on the right track... Portfolio heavy in Energy sector. One stock (1050 shares of Exxon (XOM) (bought 2001 $39.33 currently at $38.12) is currently at $1,265 "loss" I probably want to sell whole works to get rid of some energy and take the loss. Is my "Order Ty...
by Longdog
Sun Mar 15, 2020 6:42 am
Forum: Personal Investments
Topic: Did I just mess up TLH?
Replies: 8
Views: 598

Re: Did I just mess up TLH?

Longdog- appreciate the response, thank you! So If I took 10k of short term gains, my long term gains would still be taxed at zero because the short term losses cancel out the gains. What might happen if the combined short and long term gains push me out of ltcg 0% bracket? If added short term gain...
by Longdog
Sat Mar 14, 2020 6:34 pm
Forum: Personal Investments
Topic: Did I just mess up TLH?
Replies: 8
Views: 598

Re: Did I just mess up TLH?

Longdog- appreciate the response, thank you! So If I took 10k of short term gains, my long term gains would still be taxed at zero because the short term losses cancel out the gains. What might happen if the combined short and long term gains push me out of ltcg 0% bracket? I think that’s what’s kn...
by Longdog
Fri Mar 13, 2020 2:36 pm
Forum: Personal Investments
Topic: Did I just mess up TLH?
Replies: 8
Views: 598

Re: Did I just mess up TLH?

I took profits before TLHing. Did I lose the benefit of TLH? 1. Say I sold $10k of long term gains (0% ltcg bracket) in time to reinvest back at lows. The intention was to take gains in international and invest in tech etf, which I did during the downturn. 2. And then, when the crash happened I als...
by Longdog
Wed Mar 11, 2020 9:22 am
Forum: Personal Investments
Topic: Assuming taxation isn't an issue, can market timing beat buy & hold?
Replies: 15
Views: 995

Re: Assuming taxation isn't an issue, can market timing beat buy & hold?

It can beat buy and hold, but is unlikely to do so for a sustained period of time. I think you're underestimating the risk and overestimating the likelihood of success. But I would encourage you to give it a try and see if you enjoy it and most importantly whether you are able to consistently beat t...
by Longdog
Tue Mar 10, 2020 3:03 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190769

Re: Bogleheads community discussion - Coronavirus

I think the theory that it was circulating world-wide for a long time is just as likely to be true as the theory that it "broke out" in China. Maybe they were just the first to identify it, and the illnesses and deaths elsewhere were just being attributed to other causes like the flu and pneumonia....
by Longdog
Tue Mar 10, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2830

Re: Parent has ALS; Need Financial & General Advice

OK..........onto the main reason for this post. I am (we are) are putting together a plan of action items. My brother is handling most of the medical side. I am handling most of the financial side. Here's what we've done so far and/or are in the process of doing now: I have an appointment in late A...
by Longdog
Sun Mar 08, 2020 11:49 am
Forum: Personal Investments
Topic: How best to use carryover capital losses?
Replies: 26
Views: 2482

Re: How best to use carryover capital losses?

Follow up question....not sure this needs a new thread or not: why isn't the capital loss ceiling increased in amount each year (or few) like retirement contribution limits or Roth contribution limits? Capital losses have been capped at $3000 since....? I'd need to look. Is there a reason this hasn...
by Longdog
Thu Feb 27, 2020 7:17 am
Forum: Personal Investments
Topic: Adding a Mid or Small Cap or Value Index to Roth?
Replies: 3
Views: 330

Re: Adding a Mid or Small Cap or Value Index to Roth?

You already have mid and small cap exposure, as well as value stocks, through the total market funds. If you want to increase that exposure, and simultaneously simplify your portfolio a little, move the assets from the S&P 500 to the total market in the 401k.
by Longdog
Tue Feb 25, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Withholding - Direct Rollover
Replies: 9
Views: 348

Re: Tax Withholding - Direct Rollover

It is a strange (really, irrelevant) question for them to be asking in this case, because there is no tax consequence to a direct rollover. That is why people are questioning whether the transaction is being requested or interpreted properly.
by Longdog
Sat Feb 22, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Elan Visa Bonuses for Spend - any site?
Replies: 5
Views: 517

Re: Fidelity Elan Visa Bonuses for Spend - any site?

I literally got such an offer in today’s mail. It is valid from March 1 - April 30. I believe the required spend amount is based on your spending patterns - they want you to boost your spending on their card. Yes, the offers are targetted. If you put lots of spend on the card you may get a poor off...
by Longdog
Sat Feb 22, 2020 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Elan Visa Bonuses for Spend - any site?
Replies: 5
Views: 517

Re: Fidelity Elan Visa Bonuses for Spend - any site?

I literally got such an offer in today’s mail. It is valid from March 1 - April 30. I believe the required spend amount is based on your spending patterns - they want you to boost your spending on their card.
by Longdog
Sat Feb 22, 2020 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of RMD's
Replies: 10
Views: 1169

Re: Taxation of RMDs

They are taxed the same as any other income. Not quite. "you don't pay Social Security and Medicare taxes on your IRA withdrawals." That is true, because you already did prior to contributing it to pre-tax accounts such as a traditional IRA or 401k. (Unless you already exceeded the Social Security ...
by Longdog
Fri Feb 21, 2020 8:48 am
Forum: Personal Investments
Topic: In a tax advantages account do you pay tax on distributions?
Replies: 4
Views: 382

Re: In a tax advantages account do you pay tax on distributions?

No, as long as the distribution remains in the 401k. Everything becomes subject to taxes once it is withdrawn from the 401k.
by Longdog
Thu Feb 20, 2020 7:54 am
Forum: Personal Finance (Not Investing)
Topic: How much do I make after taxes? Help with calculation
Replies: 11
Views: 1295

Re: How much do I make after taxes? Help with calculation

As others have said, withholding on bonuses and RSU vesting is a fixed rate of 22%. However, when you do your taxes they are treated just like any other W2 income and the actual tax obligation is based on your marginal tax rate. So, it is possible that you'd owe additional taxes when you file your t...
by Longdog
Tue Feb 18, 2020 8:32 pm
Forum: Personal Investments
Topic: Linking bank at T Rowe Price
Replies: 7
Views: 349

Re: Linking bank at T Rowe Price

I did it years ago. Never a problem.

I understand the concern, but really, who is it you don’t trust in that transaction? T. Rowe Price? If that’s the case, why are you invested with them? I think you’ll be fine.
by Longdog
Mon Feb 17, 2020 6:50 am
Forum: Personal Finance (Not Investing)
Topic: do you check your taxes when using tax software?
Replies: 54
Views: 3611

Re: do you check your taxes when using tax software?

I verify everything has been entered correctly. Then I verify the TT number against the number I've already calculated in Excel. If they're within a couple dollars of each other I attribute it to rounding differences and submit my taxes. If they're different, then I have to discover which one is wr...
by Longdog
Sat Feb 15, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Still haven’t received my Consolidated 1099 for Vanguard Brokerage Account
Replies: 53
Views: 3641

Re: Still haven’t received my Consolidated 1099 for Vanguard Brokerage Account

prd1982 wrote:
Sat Feb 15, 2020 7:15 pm
i just logged on and my 1099-DIV for my brokerage account having non-Vanguard funds is available.
What is the date on the form?
by Longdog
Sat Feb 15, 2020 6:44 pm
Forum: Personal Investments
Topic: RMD Calculator?
Replies: 13
Views: 1337

Re: RMD Calculator?

Take your future estimated IRA value at age 72 and divide by 25.6 for an estimate of your first year RMD.