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by livesoft
Tue Dec 18, 2018 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Latest I can Invest
Replies: 1
Views: 106

Re: Latest I can Invest

Generally 4 pm eastern time which is the close of the NYSE will work at my brokers. You did not state who your broker is nor what time zone you are in. Allow for time for the internet delays, too.
by livesoft
Tue Dec 18, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Avoid Wash Sale by Selling All Shares?
Replies: 6
Views: 450

Re: Avoid Wash Sale by Selling All Shares?

One should sell in the IRAs that had purchases of VTI/VTSAX in the past 30 days and clear out the entire holdings of VTI/VTSAX at least a day or two before selling any VTI/VTSAX for a loss in taxable.
by livesoft
Tue Dec 18, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: "We have received 2243 new posts and replies over 273 topics in last day (sorted by Latest Reply)."
Replies: 4
Views: 556

Re: "We have received 2243 new posts and replies over 273 topics in last day (sorted by Latest Reply)."

There's nothing like a Market Correction and a Bear Market to bring out the Participants.

Perhaps instead of "You have earned it." one should write, "You have lost it."
by livesoft
Tue Dec 18, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: When to TLH
Replies: 2
Views: 167

Re: When to TLH

^For many people those effects cancel out. For a subset of people, they would rather not have the dividends show up on Form 1040 at all. For instance, I already have enough carryover losses to offset any realized gains for 2018 and still have the $3,000 reduction in AGI and carryover the excess to f...
by livesoft
Tue Dec 18, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Avoid Wash Sale by Selling All Shares?
Replies: 6
Views: 450

Re: Avoid Wash Sale by Selling All Shares?

I disagree with FiveK about the timing. I'd make sure to unload all substantially identical shares purchased in IRAs that might create a wash sale in taxable before selling for a loss in taxable. Of course, that statement covers waiting 31 days to sell in taxable after such a purchase in an IRA.
by livesoft
Tue Dec 18, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for guidance
Replies: 6
Views: 277

Re: Looking for guidance

I'd recommend delaying the start of your Social Security benefits, too. You have a million dollars that you can spend down to make up for not taking SS so early.
by livesoft
Tue Dec 18, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Help a dummy TLH...
Replies: 28
Views: 921

Re: Help a dummy TLH...

rebellovw wrote:
Tue Dec 18, 2018 1:21 pm
Only mistake I might have made was buying IVV (SP500) today when I believe a dividend will be coming out in a couple of days - I should perhaps of waited as that will be a non qualified dividend..
You can do nothing and the dividend from IVV that is qualified will remain qualified to you.
by livesoft
Tue Dec 18, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help a dummy TLH...
Replies: 28
Views: 921

Re: Help a dummy TLH...

justsomeguy2018 wrote:
Mon Dec 17, 2018 10:38 pm
Somewhat off-topic - any thoughts on how IVV fares to VOO? If one can trade IVV for free, is there any reason to buy VOO?
You can see this for yourself. Chart them, chart their volumes, look at their quotes, look at their Level II quotes.

Answer: IVV is just fine. No reason to buy VOO.
by livesoft
Tue Dec 18, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvest VTSAX -> VLCAX or VFIAX
Replies: 5
Views: 233

Re: Tax loss harvest VTSAX -> VLCAX or VFIAX

Use both. :twisted: I sold VTSAX in April 2009 and bought VLCAX. I still own all those VLCAX shares. I didn't mind. I buy mid/small-cap ETFs, too. I still have VBR bought around that time, too. My spouse uses VFIAX in her 401(k). Don't get caught up in all the crap about the 3-fund portfolio that is...
by livesoft
Tue Dec 18, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid Wash Sale
Replies: 6
Views: 168

Re: Avoid Wash Sale

Thank you. 1) If I were to sell the lot which was purchased 2 weeks back, will it be a wash sale? No. 2) I have changed my elections such that all dividends in the taxable and IRA accounts will be transferred to a settlement account rather than being reinvested. Given that VSMGX will be issuing divi...
by livesoft
Tue Dec 18, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Non-budgeters: How do you handle large purchases?
Replies: 18
Views: 804

Re: Non-budgeters: How do you handle large purchases?

I handle large purchases by 1. Getting 0% loans. That's the way we buy autos. 2. Using a credit card that gets paid off when the bill comes. 3. If current cash flow is not enough to pay for the purchase, we sell assets found in our taxable account to raise the cash. Nuts and bolts: Most recently sol...
by livesoft
Tue Dec 18, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid Wash Sale
Replies: 6
Views: 168

Re: Avoid Wash Sale

Just to be exceedingly clear, when did you last purchase shares of VSMGX in the 3 IRAs? Do you have automated investing also turned off in your IRAs? My last purchase was on December 6th, 2018 in the taxable account. Automated investing has been turned off. So you did not answer my question. Oh, we...
by livesoft
Tue Dec 18, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Are limit orders an attempt at timing the market?
Replies: 9
Views: 433

Re: Are limit orders an attempt at timing the market?

Some limit orders are an attempt at timing the market. Some limit orders are not an attempt at timing the market. For instance, suppose I submit a marketable limit order. I use all kinds of orders because I don't believe everything I read about orders. I try things to find out what works for me and ...
by livesoft
Tue Dec 18, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid Wash Sale
Replies: 6
Views: 168

Re: Avoid Wash Sale

Just to be exceedingly clear, when did you last purchase shares of VSMGX in the 3 IRAs? Do you have automated investing also turned off in your IRAs?
by livesoft
Tue Dec 18, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can I get a quick refund if I file the first week of January
Replies: 6
Views: 565

Re: Can I get a quick refund if I file the first week of January

Not that I am aware of. You can adjust your 2019 tax withholding from paychecks, so that no tax is taken out, so that's like getting a refund in your paycheck. You can eventually file your 2018 return and have some of the refund applied to your 2019 taxes. Do you see how that's just like getting a r...
by livesoft
Tue Dec 18, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: any Foreigh Tax Credit if avoid distribution?
Replies: 3
Views: 209

Re: any Foreigh Tax Credit if avoid distribution?

You didn't pay any foreign taxes if you didn't get any foreign distributions, so no credit needed nor deserved nor missed out on.
by livesoft
Tue Dec 18, 2018 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Harvest Loss or Not
Replies: 3
Views: 179

Re: Harvest Loss or Not

VTSAX closed yesterday at $63.38, so you have a reasonable loss of about 7% although it might end up less today. I would definitely tax-loss harvest. It will do you good. You don't have to exchange into VFIAX, but could exchange into VLCAX. If these go down, then TLH again. And again. And again. Eve...
by livesoft
Tue Dec 18, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: Is opening cross possible with no cash on hand?
Replies: 3
Views: 176

Re: Tax Loss Harvesting: Is opening cross possible with no cash on hand?

You can also break up your order yourself into several sells, then buys. Presumably, all are no-commission trades at Fidelity, so you can learn some things just by doing that and experimenting with some of your ideas. The spread of ITOT is 1 cent, so only Fidelity can screw you and they can do that ...
by livesoft
Tue Dec 18, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting: Is opening cross possible with no cash on hand?
Replies: 3
Views: 176

Re: Tax Loss Harvesting: Is opening cross possible with no cash on hand?

You are worrying about not much. Sure, sell at the opening cross, but don't buy. Then see how much money you have and submit a market order to buy what you want. Don't believe all that crap about bid/ask spread and market/limit orders for the trades you want to do. You can call your broker, but I do...
by livesoft
Tue Dec 18, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: 529 vs American Op credit & living at home
Replies: 28
Views: 780

Re: 529 vs American Op credit & living at home

Your post suggests you did not read the IRS instructions and publication on the American Opportunity Tax Credit. Since you are going to have to read it anyways, here it is in PDF format: https://www.irs.gov/pub/irs-pdf/p970.pdf This publication from an authoritative source will answer all your quest...
by livesoft
Tue Dec 18, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis tracking
Replies: 7
Views: 446

Re: Cost basis tracking

I moved stuff to TDAmeritrade and WellsTrade years ago and they got everything correct. TDAmeritrade certainly lets one enter cost basis info. Actually most places should let one do this because one might have to adjust cost basis because of wash sales in other accounts. OTOH, how can a broker be re...
by livesoft
Tue Dec 18, 2018 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Spec ID vs selling entire ETF for tax loss
Replies: 2
Views: 125

Re: Spec ID vs selling entire ETF for tax loss

I didn't think ETFs could use average cost anyways, but in the case you outlined, it won't matter because you are selling all shares. But why not change the cost basis method and see how that goes? That way, you won't ask next time if it is possible because you will get that personal experience whic...
by livesoft
Tue Dec 18, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: TLH in December with dividends
Replies: 7
Views: 478

Re: TLH in December with dividends

An "epic thread" ... I like that. Thanks!
by livesoft
Tue Dec 18, 2018 6:01 am
Forum: Investing - Help with Personal Investments
Topic: TLH Help
Replies: 15
Views: 761

Re: TLH Help

I am going to recommend that you widen your reading of the wash sale and get more information from non-Bogleheads sources. Here are two places with additional information:

www.irs.gov
www.fairmark.com

But there are others. Often a different perspective is very helpful.
by livesoft
Tue Dec 18, 2018 5:56 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis tracking
Replies: 7
Views: 446

Re: Cost basis tracking

I use MS Money and no spreadsheet. But my brokers have excellent and accurate records in my online accounts of the cost basis of my shares and all have tracked the non-covered shares for me over the years except for Vanguard. My brokers have saved statements online for me to look at. I have no share...
by livesoft
Mon Dec 17, 2018 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Should I TLH after taking a gain?
Replies: 5
Views: 277

Re: Should I TLH after taking a gain?

Yes, you can do what you want, but to do so, you must wait to sell at a loss in 2019 and not TLH these shares in 2018. That first week of January might be good for you
by livesoft
Mon Dec 17, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: College Fund: Ditch 529 for 457?
Replies: 8
Views: 422

Re: College Fund: Ditch 529 for 457?

I said "in 529 plans." That's because you have saved 3 years of college expenses for each child 10 to 12 years before they will even finish college. In addition to that, you will take advantage of the AOTC for both your children which will easily pay for the 4th year of college. Plus I am just going...
by livesoft
Mon Dec 17, 2018 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: College Fund: Ditch 529 for 457?
Replies: 8
Views: 422

Re: College Fund: Ditch 529 for 457?

Use the Vanguard funds and make adjustments elsewhere in your portfolio to get to your desired asset allocation.
by livesoft
Mon Dec 17, 2018 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: College Fund: Ditch 529 for 457?
Replies: 8
Views: 422

Re: College Fund: Ditch 529 for 457?

The answer is then Yes. I guess I should have asked if you would be priced out of using the AOTC and written "low enough income." Here is a good recent article on college saving: https://www.nytimes.com/guides/business/how-to-save-for-college You have already saved too much in 529 plans I think, so ...
by livesoft
Mon Dec 17, 2018 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Bottom fishing
Replies: 31
Views: 3055

Re: Bottom fishing

First, one does not need to know the exact bottom, nor worry about hitting the exact bottom. All these folks dissing market timing assume that market timing has to be perfect in order to do better than buy-and-hold. That's a myth. Second, it was reported today that "The small-cap Russell 2000 index ...
by livesoft
Mon Dec 17, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: College Fund: Ditch 529 for 457?
Replies: 8
Views: 422

Re: College Fund: Ditch 529 for 457?

I didn't look at spreadsheet.

Will you use AOTC for education tax credits? That is, do you think your income will be low income when/if your kids go to college?
by livesoft
Mon Dec 17, 2018 6:02 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 57
Views: 4684

Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)

I decided to go ahead and TLH back into VTSAX today while the opportunity was good. I plan to hold the new shares until at least mid-Feb so no issue there. If I'm understanding correctly, some of the VTSAX dividend in October might be unqualified because I didn't hold those shares for 61 days after...
by livesoft
Mon Dec 17, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Another Tax Loss Harvesting Question
Replies: 3
Views: 201

Re: Another Tax Loss Harvesting Question

I don't think one should own a target retirement fund in taxable unless they are in a very low tax bracket and will stay in that tax bracket until they die. By "very low", I essentially mean 0%. Since more than 40% of families don't pay income taxes, this is still OK for many many families.
by livesoft
Mon Dec 17, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Another Tax Loss Harvesting Question
Replies: 3
Views: 201

Re: Another Tax Loss Harvesting Question

You are missing that your Roth IRA will probably cause a wash sale if you make any purchases in it including if you have the December distribution automatically reinvested. You can avoid this probably by exchanging ALL your shares of VFFVX in your Roth IRA a day or two BEFORE you sell ALL your share...
by livesoft
Mon Dec 17, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: 403b purchases and wash sale
Replies: 18
Views: 585

Re: 403b purchases and wash sale

FWIW, I would be fine tax-loss harvesting Vanguard Total US Stock Market if my or my spouse's 403(b) or 401(k) was using Fidelity Total US Stock Market.
by livesoft
Mon Dec 17, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 32
Views: 3303

Re: Selling specific tax lots at Schwab

mptfan wrote:
Mon Dec 17, 2018 4:28 pm
Does anyone know whether Vanguard or Fidelity have the same requirement?
Vanguard does not have that requirement. But to be sure, what requirement are you asking about?
by livesoft
Mon Dec 17, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting - Probably?
Replies: 3
Views: 316

Re: Tax Loss Harvesting - Probably?

There is NO limit to tax loss harvesting. I have harvested a few hundred thousand dollars in losses in the past. TLHing is an important part of anyone's strategy in a taxable account and especially so for someone who can invest $20,000 a month. And it is just as easy as figuring out how much gas to ...
by livesoft
Mon Dec 17, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: TLH - need reassurance.... what did I miss?
Replies: 16
Views: 932

Re: TLH - need reassurance.... what did I miss?

Shareholders of record on 12/20 for BOTH VTIAX and VFWAX will get their distributions. One has to decide if they don't mind getting those distributions or not. The distributions are inconsequential I would think, so the distributions should not really factor into any decision making, but others don'...
by livesoft
Mon Dec 17, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: TLH and Simplify Taxable Portfolio
Replies: 3
Views: 280

Re: TLH and Simplify Taxable Portfolio

Here is my suggestion: 100% Total US Stock Market Index fund. That's simple and tax-efficient a taxable account. Use your tax-advantaged accounts to round out your asset allocation.
by livesoft
Mon Dec 17, 2018 3:51 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 57
Views: 4684

Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)

1. No, unless you don't hold your shares that paid the dividends for at least 61 days. Where did you get this 60-day idea? So if you bought on 10/28, hold the shares until at least Friday, 12/28. You can hold longer, too. 2. No, that new lot will not be unqualified. Lots are neither qualified nor un...
by livesoft
Mon Dec 17, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: How to decrease stock AA when it's in taxable
Replies: 24
Views: 1459

Re: How to decrease stock AA when it's in taxable

So if you had contributed (or will contribute) more to your 403(b) are you telling me your LTCG tax rate would be 0%?

So putting more in the 403(b) and living off your taxable account would mean less taxes and more money to spend?
by livesoft
Mon Dec 17, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: Are harvesters investing their tax savings when they TLH?
Replies: 5
Views: 423

Re: Are harvesters investing their tax savings when they TLH?

I use a lower income created by TLH to let me convert more IRA to Roth IRA, so does that count?
by livesoft
Mon Dec 17, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal Wash Sale?
Replies: 8
Views: 319

Re: Spousal Wash Sale?

Ok, is there any way to clean this up? If I sell the X that I bought today, would that help? Sure. Read this thread where I created all kinds of wash sales and cleaned them up, and documented everything for everybody to see how easy it is: https://www.bogleheads.org/forum/viewtopic.php?t=179414 I c...
by livesoft
Mon Dec 17, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Year end distributions question
Replies: 6
Views: 677

Re: Year end distributions question

Anyone know whst time the dividends/distributions will be posted for those funds with a record date of today? As for "posted", if you mean show some activity about them in your online accounts, then it depends on the brokerage and whether distributions are reinvested, sent to checking account, or s...
by livesoft
Mon Dec 17, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Withdrawal with VWELX ?
Replies: 4
Views: 294

Re: Portfolio Withdrawal with VWELX ?

Don't forget that VWELX is not as diversified as a 60/40 index fund and is actively managed, so has manager risk. Yes, I know it's the darling of many people, but there are plenty of other balanced funds that are amenable to your strategy without those 2 risks.
by livesoft
Mon Dec 17, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: TLH - need reassurance.... what did I miss?
Replies: 16
Views: 932

Re: TLH - need reassurance.... what did I miss?

You need 30 days to PASS. So if you buy on the 30th day, then 30 days have NOT passed. If you sell VFWAX at a loss, there are no capital gains and you cannot trigger a tax on capital gains that did not happen. If you exchange VFWAX to VTIAX on 12/20, then you will have a wash sale, avoid the VFWAX d...
by livesoft
Mon Dec 17, 2018 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal Wash Sale?
Replies: 8
Views: 319

Re: Spousal Wash Sale?

I think it is a Wash Sale [if the sale was for a loss]. Also, I am pretty sure it doesn't matter whether you all file MFJ or not.
by livesoft
Mon Dec 17, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: TLH - need reassurance.... what did I miss?
Replies: 16
Views: 932

Re: TLH - need reassurance.... what did I miss?

1. Vanguard was not forthcoming about all the tricks one can use to get around their 30-day frequent trading policy, but their answer does not affect what you want to do anyways. The Vanguard answer did not consider that you might create a wash sale by buying on December 20th, did it? 2. You may wis...
by livesoft
Mon Dec 17, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Mistake while tax loss harvesting
Replies: 4
Views: 305

Re: Mistake while tax loss harvesting

The language from the TLH wiki page that caught my eye was "If you sell Total Stock Market with losses and buy back the same fund within 30 days before or after the sale, that would be called a wash sale, and you cannot claim the losses on your tax return." Yes, but what does it say right after tha...