Search found 482 matches

by Gamma Ray
Fri Oct 02, 2020 4:14 pm
Forum: Personal Investments
Topic: "Take action to transition your account"
Replies: 6
Views: 1251

"Take action to transition your account"

I've been getting reminders from VG to "Transition" my account, it asks me to make changes. When I searched for exactly what's the difference, it says "There will be a few very minor changes, but overall, it will be a very similar experience." If it was a minor change, they'd jus...
by Gamma Ray
Wed Mar 18, 2020 12:02 am
Forum: Personal Investments
Topic: one step forward ..two steps backwards
Replies: 7
Views: 891

Re: one step forward ..two steps backwards

This is the time that everyone was talking about when they said "what if it drops and never returns" so there is never "it will eventually recover" in this market. Ideally, people say long term it will recover, no doubt, but if you averaged 5-7% for many years and now you just lo...
by Gamma Ray
Wed Mar 11, 2020 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Where can I find a financial planner?
Replies: 7
Views: 738

Re: Where can I find a financial planner?

Thanks for the suggestions, I got great sources from this thread. psteinx, it's more complicated than that, yes I wish I could do it myself but there are things that will take a while for me to get the grasp of, and things I will probably only use once so I won't be able to retain and my time will n...
by Gamma Ray
Mon Mar 02, 2020 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Where can I find a financial planner?
Replies: 7
Views: 738

Where can I find a financial planner?

Hi everyone, I am considering buying my 2nd house this year, and I wanted to talk to someone about what is the best move, and what kind of income I can expect after taxes when my tax situation changes after buying a 2nd house. My main purpose is to get a realistic picture of what my taxes and income...
by Gamma Ray
Thu Feb 13, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes: Does SIMPLE IRA contribution matter when calculating withholding?
Replies: 7
Views: 409

Re: Taxes: Does work IRA contribution matter when calculating withholding?

A better way to use that calculator might be to subtract your medical pre-tax entirely from your gross wages (since that won't have FICA or income taxes on it), and then put your actual SIMPLE IRA contribution as the 401k amount. Is this one spouse's earnings, or two combined? The website is correc...
by Gamma Ray
Thu Feb 13, 2020 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Taxes: Does SIMPLE IRA contribution matter when calculating withholding?
Replies: 7
Views: 409

Re: Taxes: Does work IRA contribution matter when calculating withholding?

No such thing as a work IRA; the I is individual. 401K/HSA contributions through payroll deduction will impact your withholding though; the calculation will be as if you didn’t make that saved amount. Thank you MojoTrojan, I made correction to my post, Work IRA, I meant SIMPLE IRA + Medical Pre-Tax...
by Gamma Ray
Thu Feb 13, 2020 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Taxes: Does SIMPLE IRA contribution matter when calculating withholding?
Replies: 7
Views: 409

Taxes: Does SIMPLE IRA contribution matter when calculating withholding?

Hi everyone, I am in NYC. I just looked at my last paycheck and it looks like my voluntary/pre-tax deductions are not taken into consideration when calculating Fed/State/City withholdings. Is this normal? To give you a better idea, looking at $200k income, $60k was withheld for Fed/State/City/SS/Med...
by Gamma Ray
Mon Dec 09, 2019 1:26 pm
Forum: Investing - Theory, News & General
Topic: How do you report reduced ROTH contribution?
Replies: 5
Views: 415

Re: How do you report reduced ROTH contribution?

If you and spouse are not eligible to make 2019 Roth IRA contributions, you would need to request that the IRA custodian recharacterize the contribution by your tax filing deadline (including extensions) in 2020. Link to IRS FAQ: https://www.irs.gov/retirement-plans/ira-faqs-recharacterization-of-i...
by Gamma Ray
Sun Dec 08, 2019 10:37 pm
Forum: Investing - Theory, News & General
Topic: How do you report reduced ROTH contribution?
Replies: 5
Views: 415

How do you report reduced ROTH contribution?

We contributed full $5500 for myself and my wife each this year, and there might be a potential year-end bonus that might push us over 193k ROTH limit. Since we contributed regularly and we don't know if we will go over or not until we file our taxes, how do you manage the reduced contribution for 2...
by Gamma Ray
Thu Nov 21, 2019 2:58 pm
Forum: Personal Investments
Topic: Agressive Investing of $6mm?
Replies: 48
Views: 5204

Re: Agressive Investing of $6mm?

I have another question, At $6M, what kind of returns would one expect using fixed income funds if you don't want to risk 100% of your savings.
by Gamma Ray
Tue Jun 11, 2019 12:23 am
Forum: Personal Investments
Topic: Quick question about SIMPLE IRA transfers
Replies: 4
Views: 352

Re: Quick question about SIMPLE IRA transfers

Thank you so much for the replies, for some reason I thought we could not contribute to tIRA with SIMPLE in place, but I think I realized now why I thought that. It's mainly because of the lower income limits. When I first started contributing to SIMPLE and began transferring funds to VG as tIRA, th...
by Gamma Ray
Mon Jun 10, 2019 2:04 pm
Forum: Personal Investments
Topic: Quick question about SIMPLE IRA transfers
Replies: 4
Views: 352

Quick question about SIMPLE IRA transfers

Hi, I have been moving my funds from Simple IRA at different financial institution to VG for few years. It goes from my Simple IRA account to my Traditional IRA at VG. I was told that I could also make contribution to my ROTH IRA on the side since Simple IRA counts as employer provided retirement in...
by Gamma Ray
Thu May 09, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Question about FDIC limit
Replies: 12
Views: 1668

Re: Question about FDIC limit

Thanks. I thought about T-Bills, but I am not sure how soon I will need the funds, so I didn't want to complicate things. I can do part of it T-Bill but again, only state tax benefits, and combination with low return (what is it these days 2.5% or so?) I thought about just leaving it at Ally for 2.2...
by Gamma Ray
Wed May 08, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Question about FDIC limit
Replies: 12
Views: 1668

Question about FDIC limit

I am reading contradicting information on FDIC, some people say it's per account within institution while other places say it's per account owner but adding beneficiary is not enough it also has to be co-owned. Is this true? What's the best way to stay covered until the funds are used when you have ...
by Gamma Ray
Tue May 07, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 8917

Re: Walk away from my auto lease?

You still did not say which brand/maker and don't feel bad about plastering dealer/make/model names on the web. If you really absolutely did not do anything wrong, you might be able to sue them in small claims court for selling you a defective vehicle. You might need an independent but certified mec...
by Gamma Ray
Tue Jan 01, 2019 5:37 pm
Forum: Investing - Theory, News & General
Topic: December 31st transaction?
Replies: 11
Views: 2013

Re: December 31st transaction?

Missed the boat, 31st being monday totally screwed up my internal clock I thought it was still sunday. :(
Oh well, I guess I can always grab the losses for 2019.

Thanks for all the replies, I hope this thread helps others in the future.
by Gamma Ray
Sat Dec 29, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: December 31st transaction?
Replies: 11
Views: 2013

Re: December 31st transaction?

I thought ETFs could be traded anytime during the day. I have several buys and sells where there was up to 4-5 days between "trade date" and "settlement" dates, but I thought they always go by the trade time and date when calculating. I just wanted to harvest off my losing shares...
by Gamma Ray
Sat Dec 29, 2018 8:23 pm
Forum: Investing - Theory, News & General
Topic: December 31st transaction?
Replies: 11
Views: 2013

December 31st transaction?

I just wanted to check, if I do a request to sell today in one of my ETFs, will it be recorded Monday morning so that would go into 2018?
by Gamma Ray
Fri Dec 28, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: What’s your TLH Strategy [Tax Loss Harvest]
Replies: 42
Views: 3062

Re: What’s your TLH Strategy [Tax Loss Harvest]

For some perspective, I did TLH back in the great dip of 2008-2009. As a result, I can't do any TLH now in my funds because all are still way up from their re-entry points back then. I did some TLH with some individual stocks yesterday. Haven't you been buying anything since then? You know you can ...
by Gamma Ray
Thu Dec 27, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: What’s your TLH Strategy [Tax Loss Harvest]
Replies: 42
Views: 3062

Re: What’s your TLH Strategy [Tax Loss Harvest]

anjou, you are correct. VG helps avoid free riding violation, which was explained to me by mr/ms Livesoft in another thread as well, you cannot use the funds until after T+2. (Transaction+2 days) meaning you can buy with unsettled funds but you cannot sell it again until after T+2, so this is the ti...
by Gamma Ray
Wed Dec 26, 2018 9:10 pm
Forum: Investing - Theory, News & General
Topic: What’s your TLH Strategy [Tax Loss Harvest]
Replies: 42
Views: 3062

Re: What’s your TLH Strategy [Tax Loss Harvest]

My Vanguard advisor gave me a good tip on harvesting and I did it today on my self-managed account. I did an exchange instead of a sell and then buy again the next day. The nice thing about this is it keeps your money in the market as the transaction of the buy and sell take place at the same time....
by Gamma Ray
Wed Dec 26, 2018 8:47 pm
Forum: Investing - Theory, News & General
Topic: What’s your TLH Strategy [Tax Loss Harvest]
Replies: 42
Views: 3062

Re: What’s your TLH Strategy [Tax Loss Harvest]

That’s good to know. I thought it would violate not buying within 30 days rule. I guess if your selling the entire lot you recently purchased it does not violate the do not buy additional lots during the 30 day window. So why don’t you exchange into VFIAX? Because I buy it in 401k and it might cons...
by Gamma Ray
Wed Dec 26, 2018 12:24 pm
Forum: Investing - Theory, News & General
Topic: What’s your TLH Strategy [Tax Loss Harvest]
Replies: 42
Views: 3062

Re: What’s your TLH Strategy [Tax Loss Harvest]

That’s good to know. I thought it would violate not buying within 30 days rule. I guess if your selling the entire lot you recently purchased it does not violate the do not buy additional lots during the 30 day window. So why don’t you exchange into VFIAX? Because I buy it in 401k and it might cons...
by Gamma Ray
Sat Nov 17, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: Is there CD funds in VG to be used for IRA's?
Replies: 23
Views: 2678

Re: Is there CD funds in VG to be used for IRA's?

OK, but just to be sure you're thinking clearly about this, although your 5-year nominal return is essentially guaranteed with a 5-year CD or 5-year Treasury (other than some variation due to how you reinvest the interest payments), your 5-year real (inflation-adjusted) return is uncertain. If we g...
by Gamma Ray
Wed Nov 14, 2018 3:26 pm
Forum: Investing - Theory, News & General
Topic: Is there CD funds in VG to be used for IRA's?
Replies: 23
Views: 2678

Re: Is there CD funds in VG to be used for IRA's?

Great rates because the corporate bonds are more risky. The CDs are backed by the FDIC (up to $250,000 per bank, as mentioned up-thread by csurtman). Are you feeling lucky? I wouldn't buy corporate bonds for fixed income because I want maximum safety, either through US Treasury bonds or FDIC backed...
by Gamma Ray
Mon Nov 12, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: Is there CD funds in VG to be used for IRA's?
Replies: 23
Views: 2678

Re: Is there CD funds in VG to be used for IRA's?

Thanks for the answers, so just to be sure, if I select a bond or CD and buy it under my Traditional IRA, if it says 3.5% with 5 years, if I don't sell/exchange it before maturity, it guarantees 3.5%, as long as that company doesn't bankrupt, right? I see some municipal bonds and BBB rated bonds tha...
by Gamma Ray
Thu Nov 08, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: Is there CD funds in VG to be used for IRA's?
Replies: 23
Views: 2678

Re: Is there CD funds in VG to be used for IRA's?

Note that brokered CD's will act like bonds in that they will lose value if interest rates go up. So, you may want to plan on holding the brokered CD's to maturity. Good point, yes I am aware of this, since it will be in IRA, I plan to leave it in there until maturity. I own brokered CDs in my IRAs...
by Gamma Ray
Tue Nov 06, 2018 1:18 am
Forum: Investing - Theory, News & General
Topic: Is there CD funds in VG to be used for IRA's?
Replies: 23
Views: 2678

Is there CD funds in VG to be used for IRA's?

I was wondering instead of trying to keep funds in Bonds, can we move some of it to CDs in IRA's and if VG offers any CD funds? Currently I am seeing CD APYs in mid 2's to 3's, but if I keep my cash in CDs the taxes will be high.
by Gamma Ray
Thu Oct 25, 2018 12:38 am
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting question
Replies: 20
Views: 3382

Re: Tax loss harvesting question

Hi Livesoft,
The VOO shares I bought last week are down another $1200.
Can I sell the VOO I bought 7 days ago (source of funds was the sale of VTI at loss 1 week ago) and buy VV (or anything else) today to realize another $1200 loss?
by Gamma Ray
Wed Oct 24, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: Do you use mobile apps to assist with your investments?
Replies: 27
Views: 2548

Re: Do you use mobile apps to assist with your investments?

However, even though I'm personally not interested in alerts, your response above made me curious. After some searching I realize that apparently, someone who is determined can indeed configure their spreadsheets to send them alerts based on cell values. I have not attempted to test this and can't ...
by Gamma Ray
Wed Oct 24, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Do you use mobile apps to assist with your investments?
Replies: 27
Views: 2548

Re: Do you use mobile apps to assist with your investments?

Maybe I am just making a big deal out of Tax Loss Harvesting but that was the main reason I started looking into a tool to help me watch the losses/drops. BH community insists that TLH is a great opportunity to reduce the taxes now especially for long term investments by taking advantage of TLH. If...
by Gamma Ray
Tue Oct 23, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: Do you use mobile apps to assist with your investments?
Replies: 27
Views: 2548

Re: Do you use mobile apps to assist with your investments?

Most companies provide the ability to send alerts. Why have an app too? I don't see an option to notify by email in VG control panel. Is there one? Type "Alerts" in the search box and it will take you to setting up securities alerts as well as other alerts. I can't seem to get past "...
by Gamma Ray
Tue Oct 23, 2018 10:36 am
Forum: Investing - Theory, News & General
Topic: Do you use mobile apps to assist with your investments?
Replies: 27
Views: 2548

Re: Do you use mobile apps to assist with your investments?

1) So far, I have resisted temptations and pressure to put anything on my mobile device that is capable of making financial transactions. That seems to me to add an important amount of additional risk if my device is lost. Physical access is one of the primary issues with security. I'm willing to a...
by Gamma Ray
Mon Oct 22, 2018 12:46 am
Forum: Investing - Theory, News & General
Topic: Do you use mobile apps to assist with your investments?
Replies: 27
Views: 2548

Re: Do you use mobile apps to assist with your investments?

Rather than an app, I use a Google Spreadsheet to tell me such things. The first sheet lists my target and actual percentage allocations to the various asset classes that are art of my investment plan. It pulls the amounts from the second sheet that lists all my funds and updates the balances accor...
by Gamma Ray
Sat Oct 20, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: Do you use mobile apps to assist with your investments?
Replies: 27
Views: 2548

Do you use mobile apps to assist with your investments?

I am thinking about using an app that tells me when a stock or fund hits certain numbers (up or down) or remind me to harvest my losses when my fund/etf is down for X amount. These two would probably be most useful aspects of an app that can send notification. Sure there are websites but most of the...
by Gamma Ray
Fri Oct 19, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting question
Replies: 20
Views: 3382

Re: Tax loss harvesting question

Hi Livesoft, I wanted to see if there was more drop by going into sell screen, and checking what happens if we try to sell end of next day; I noticed VG will not allow us to sell until it's after T+2 anyway. The funds don't show up as available in Sell interaction screen. So it seems like we can't s...
by Gamma Ray
Thu Oct 18, 2018 10:15 am
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting question
Replies: 20
Views: 3382

Re: Tax loss harvesting question

I've commented on BLUE below. Thank you so much for this other great example. I will make sure not to sell less than T+2 to avoid running into violation. While that will work to avoid into running into a free-riding violation, I think it is OK to sell in less than T+2 as I noted, but the cash canno...
by Gamma Ray
Wed Oct 17, 2018 11:56 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting question
Replies: 20
Views: 3382

Re: Tax loss harvesting question

Edit: Looks like VG also warns you not to sell the funds you just bought before they settled. Thank you Livesoft for the reminder. Please be aware that you are using unsettled funds for this purchase. It is considered a trade violation under Federal Reserve Regulation T when unsettled funds are used...
by Gamma Ray
Wed Oct 17, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting question
Replies: 20
Views: 3382

Re: Tax loss harvesting question

Thank you, since this was new money (not TLH sourced purchase) I can sell it whenever there are losses and buy something else; How about if I sell this VTI at a loss, buy VV (for example) and VV loses another $600 tomorrow in one day, Can I sell VV and buy something else and then have another $600 t...
by Gamma Ray
Tue Oct 16, 2018 6:42 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting question
Replies: 20
Views: 3382

Re: Tax loss harvesting question

You can sell at a loss now. There's no minimum holding time to book a loss. You could buy VOO in the morning, watch it crash during the day, and sell it at a loss before the market closes. As long as you don't hold replacement stock bought within the 61 day wash sale period, you can claim the loss;...
by Gamma Ray
Tue Oct 16, 2018 12:43 am
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting question
Replies: 20
Views: 3382

Tax loss harvesting question

Hi everyone, market is down enough that I can get a bit more tax losses harvested again. On 9/19 I bought VOO Today 10/17, VOO is down, can I sell it and get VTI, or do I have to keep it 30 days before I can sell? I did TLH once earlier this year by selling VTI and getting VOO but I think that was b...
by Gamma Ray
Mon Oct 08, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Is it a sign that a bear market is coming, when most people are afraid that stocks will plummet?
Replies: 42
Views: 3082

Re: Is it a sign that a bear market is coming, when most people are afraid that stocks will plummet?

I saw a survey in which the majority of people answered yes to the question: 'Are you concerned a deep recession will hit stocks next year?' (at the end of this article) https://www.cnbc.com/2018/10/05/ron-paul-us-barreling-towards-a-recession-and-theres-no-escape.html Does that become a self fulfi...
by Gamma Ray
Sun Sep 30, 2018 11:30 pm
Forum: Investing - Theory, News & General
Topic: Paying expenses out of pocket in tax-advantaged accounts?
Replies: 11
Views: 1454

Re: Paying expenses out of pocket in tax-advantaged accounts?

I don't know how much it can impact someone's portfolio performance but even some VG funds have 0.30 - 0.45% ER. I was wondering if those could be paid by billing the investor so that expenses are not taken out of contributions. It was not clear to me how the ER's are taken out of the accounts. I gu...
by Gamma Ray
Sat Sep 29, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: Paying expenses out of pocket in tax-advantaged accounts?
Replies: 11
Views: 1454

Paying expenses out of pocket in tax-advantaged accounts?

Is it possible to pay expenses out of pocket on our IRA's so that expenses are not taken out of our contribution/growth?
by Gamma Ray
Mon Sep 24, 2018 12:25 am
Forum: Personal Consumer Issues
Topic: Letter from Signator Investors
Replies: 2
Views: 695

Re: Letter from Signator Investors

Thank you, I checked with management, they said this is related to the consultant company who is managing our SIMPLE IRA at Oppenheimer.
by Gamma Ray
Fri Sep 21, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Letter from Signator Investors
Replies: 2
Views: 695

Letter from Signator Investors

Hi, I received a letter from Signator Investors at my Home address, addressed to the Company I work for (not personally to my name). It's a notice about accounts being transferred to Royal Alliance. Is anyone familiar with this? Our company has SIMPLE IRA at Oppenheimer but all my personal stuff is ...
by Gamma Ray
Wed Sep 12, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: Website to analyze investment portfolios?
Replies: 5
Views: 881

Re: Website to analyze investment portfolios?

Thanks for the replies, these all come very close to the website/tool that I've seen, but they are not really it. Also Personal Capitol seems very pushy, they already emailed me twice about setting up accounts/advisors programs and other promos. It is also asking me to link my bank/brokerage account...
by Gamma Ray
Wed Sep 12, 2018 10:26 am
Forum: Investing - Theory, News & General
Topic: Investing for nieces/nephew outside of 529
Replies: 11
Views: 1325

Re: Investing for nieces/nephew outside of 529

Just remember that 529 can also be used for K-12 - including private high school education expenses now and you can also switch from one nephew to another, or they can pass to their kids.
by Gamma Ray
Sun Sep 09, 2018 6:23 pm
Forum: Investing - Theory, News & General
Topic: Website to analyze investment portfolios?
Replies: 5
Views: 881

Website to analyze investment portfolios?

Sorry if this was discussed, in fact I recall this being discussed in a thread I just can't find. There was a link to a website where you could put your portfolio details and it would tell you how much is international, your risk rating, industries invested in, etc. It wasn't really a part of large ...