Bogleheads.org

Moment makes lenses for a cell phone and cases that go with them. They have a competitor as well, but I forget the name.

I look at the "transactions" in my accounts and that's it.

I easily know what I add to accounts and what I withdraw from accounts. What is harder is to make sure the dividends paid match the published dividends per share.

I thought the mom was in pretty good financial shape. Didn't anyone else think so? No way close to "very bad" in any case. Clearly, we don't know the whole story here.

Years ago my spouse took out a $50,000 401(k) loan. Not to buy a house, but to avoid the almost 2% expense ratio of the lowest e.r. fund that the 401(k) was invested in. 2% of $50K a year is $1,000 a year. The money was used to buy a substantially identical investment in 529 plans with an expense ratio under 0.05%, thus any increase in the 529 plans could (and was) eventually withdrawn tax-free. All was well and good until her company was sold. She did not lose her job, but continued under the new owners. However, the 401(k) plan was shut down and folded into the new buyer's existing 401(k) plan. Her 401(k) loan came due in 30 (or 60?) days. My spouse just paid back the loan using money in our taxable account. She learned that a colleague h...

So the FidFolios direct TLH'd. Did you TLH'd the $10,000 you put into VOO as well?

blaire951 wrote: ↑Sat Mar 25, 2023 5:35 pmNo need to notify my 401k provider right? Can just let the tax software handle it and I will accept getting double taxed? (Once as income and another when I withdraw from 401k)

This has happened to me. It happens often, so your payroll/HR/401(k) folks know what to do. Just call them up and they may have a form for you to fill out. It should all be taken care of on Monday in 5 minutes. I certainly would not pay all those extra taxes for this. Did you read any of the links I gave you?

I have always used "2) the date that the asset leaves your account" and never had any issues with that. Does it even matter? The charity always tells me the value of the donation. I haven't donated to shares to organizations that don't know how to receive shares, so I have never had to question the value they report --- and I check the value myself because there are historical prices available for shares.

I was speaking to a friend of mine this morning who lives in NYC and their first ever camping experience came up which happened in the past few years while they were in their 40s. They could be the OP. The bottom line: Their experience was "good" because it was so terribly bad that they will never ever go camping again. I think they will stick to hotel camping from now on.

I read this thread and didn't see any problem described. It seems all is in order to me with nothing unusual to worry about.

I don't know, but I would use Google (via chrome browser) on the phone to ask them that exact question. At the bottom of your home screen you should see a place to ask questions:

>I'm so confused from the information I read from googling (Investopedia and Motely Fool).

In situations like this I would restrict my googling to the irs.gov and perhaps bogleheads.org

Here's a search example: https://www.google.com/search?q=excess+ ... eheads.org
and for IRS.gov
https://www.google.com/search?q=excess+ ... %3Airs.gov

This happens so often that it is easy to fix.

I'd start in your backyard if you have one. Then maybe graduate to the closest state park because you can probably park your vehicle next to your tent. Or are you intending to stay in a recreational vehicle? Some people want toilets, showers, and running potable water, but those things are something that are not required for others.

KlangFool wrote: ↑Fri Mar 24, 2023 8:30 pm

livesoft wrote: ↑Fri Mar 24, 2023 8:25 pm USPS and Bundespost.

Do you use priority mail of the USPS?

Thanks.

KlangFool

No. My spouse got a renewal recently in 6 weeks.

Starfish wrote: ↑Fri Mar 24, 2023 7:21 pm

livesoft wrote: ↑Fri Mar 24, 2023 4:33 pm Literally: Buildings in Turkey have collapsed.

Different continent, mostly. But thanks for strengthening the stereotype

You are welcome. I'm totally the stereotype having lived in Europe and stayed in Turkey on both sides of the Bosphorus.

USPS and Bundespost.

Vanguard User wrote: ↑Thu Mar 23, 2023 8:57 pmShould I stick to these funds and allocation?

Sure, why not?


As an aside, I am amused that the change was 7 months ago and you are asking this now.

Literally: Buildings in Turkey have collapsed.

Distributions are not just from fixed income dividends or interest. Distributions can be from realized capital gains that the fund managers have created.

Some people I know have the spouse get a real estate license. They sell their primary home and get the capital gains exclusion and move into one of their other houses for a little while to get the capital gains exclusion for it, then repeat.

We don't have a landline anymore. It is trivial to block the Fidelity phone number on my cell phone, so I have done so.

6d1v7x3 wrote: ↑Thu Mar 23, 2023 2:56 pm Just so everyone knows I bought these shares back when they were worth more than they are now. So that means I'd be gifting unrealized capitol losses? Sorry for my ignorance. Does the fact that my family member won't be selling matter? Thank you again for your help.

Why not sell them and gift the cash?

6d1v7x3 wrote: ↑Thu Mar 23, 2023 1:57 pmCan you please tell me what the rules are for unrealized losses? Thank you.

Sorry, I cannot as I have never had to do that, so I have not studied them.

Conveniently, this was just posted a few days ago: viewtopic.php?t=400421

A lot of the comments assume there are unrealized capital gains, but there could be unrealized capital losses. The rules are a little different if one gifts shares that have unrealized losses.

Note enough info. Is your family eligible for the American Opportunity Tax Credit? The Lifetime Learning Credit? Other education tax credits?

JenniferW wrote: ↑Wed Mar 22, 2023 4:22 pmBut with this setup I am guaranteed a near 5% return with potential of buying VTI at nice discounts as well. Seems like a win for 25% of an emergency fund.

What do you mean "Seems like a win"?? If all those orders execute, then with the last order executing at $160, you will have lost some money.

Instead of submitting limit orders, maybe just have your brokerage send you an alert if VTI trades at those prices, so that you can at that point in time decide what to do?

I like that you are doing this. I am sure you will learn something from it.

Miriam2 wrote: ↑Wed Mar 22, 2023 4:14 pm

livesoft wrote: ↑Wed Mar 22, 2023 3:45 pm Nope, never. But that's probably because I never patronize these establishments.

Oh livesoft - next holiday season, just for a little treat, go in or drive through Starbucks & order a hot Peppermint Mocha Frappuccino - I'll pay

Noted. Thanks!

Nope, never. But that's probably because I never patronize these establishments.

joechristmas wrote: ↑Wed Mar 22, 2023 1:42 pm Bolivar - Pro: Quiet; Con: Not easy to get to
[...]

Thanks, been to all those more than once over the past 45 years. Our favorite is Mustang Island halfway between Port A and Corpus. I don't care about "recreation" myself as just running in the morning along the deserted shoreline is all I need. But folks can play golf in Corpus and take fishing trips out of Port A. A plus is that the sand there is superb for sand castle building because the amount of silt and oil allows for towering structures that you cannot make with sand from other beaches.

Since you've been to the Texas beaches already, I would not mind reading a sentence or two about all the ones you have been to with one good point and one bad point about each of them. Thanks!

If one can make partial transfers as already noted AND if one is not 100% equities, then doing a transfer can be easy. Repeat until done: 1. Transfer existing cash allocation. In existing account: Sell some bond fund shares when bond funds are not volatile or they have popped. For instance, today the FOMC has a press conference and something will happen to bond fund shares later today, so it could be a good day or not. 2. Transfer cash from sold funds. 3. After successful transfer: Exchange bonds+cash into equity funds in new account. On same day in old account: Exchange equity funds into cash. 4. Repeat Steps 2 and 3. Until all transferred. There would no zero days that hasn't kept equity allocation intact and a maybe a few days when bond ...

I think an answer would be:

1. Import your 1099-B into your tax-prep software.

2. Your tax-prep software will do the right thing. Look at your Form 1040 Schedule D to understand what your tax-prep software did.

Remember (after wash sale losses are used to adjust cost basis and in doing so become unrealized):
a. Long-term loss offset Long-term gains.
b. Short-term loss offset Short-term gains.
c. Leftover losses offset leftover gains.
d. Any more leftover losses offset up to $3,000 of ordinary income (i.e. you already offset ALL realized capital gains)
e. Any more leftover losses get carried over the the next year.

I think you have assume that the short cannot offset long and that long cannot offset short. They can as described above.

By "push mower" do you really mean a self-propelled walk-behind mower? I use my sport watch to time my mowing activity and distance walked. It isn't even 30 minutes a week, but I could do front and back on different days for say 15 minutes each.

nisiprius wrote: ↑Tue Mar 21, 2023 6:44 am.... Single-sided on quality paper mailed flat.

FWIW, we save to a PDF and in anticipation of printing doubled-sided, we may add the occasional blank page for our own convenience (easy to do with any PDF editor including Preview on Mac/OSX). Many forms are 2-sides anyways as they come from the IRS if you got the hardcopy forms from the library or post office. That includes Form 1040, Schedule 1, 2, 3, .... So printing double-sided is our M.O.

Murdock7591 wrote: ↑Tue Mar 21, 2023 5:54 am The best solution for me is to e-file without the K-1 information and then ....

I would've thought the best solution would be to print and mail your return.

For 2021, we got the automatic extension, printed our return / mailed in October and received a refund in early December. That is, I did not think mailing in our return delayed our refund at all.

Have you heard of Hawaii or the Virgin Islands, say Virgin Gorda? Those will cover Pacific species and Caribbean species. Walk from your condo down to the reef and snorkel every morning before the water becomes unclear and the tourists show up and the sharks are chased away.

Watch YouTube videos for everything you intend to do. We have washable permanent HVAC air filters. I take one out, drop it on the carpet, and run a vacuum cleaner over it as if it was a rug. Maybe wash it every 5 years. Professional for lawn? No. Aerate yard? Never. Professional to check HVAC? No. Clean fins? Never. Drain water heaters? Never. If your HVAC has a condensate water line, then make sure it is does not get clogged by mold. Some folks pour bleach down the line through the opening provided for that. I've added $3 leave/debris strainers to the openings of our gutter downspouts. They reduce gutter cleaning (easy on our home: ladder and glove) to about once a year. Garage door opener: When it breaks I fix it myself. We have digital w...

Right. Also the same happens with bond funds like VBTLX, but not with BND. Check the prospectus.

I would start by importing the two 1099s into my tax-prep software and go from there. I would not enter by hand unless the tax-prep software does not allow importing via the internet. I use desktop versions and not phone-app versions.

Ever since Congress passed a tax reform bill ("We want to make tax filing so simple that ‘it would fit on a postcard’.") doing taxes each year has become really easy.

ResearchMed wrote: ↑Mon Mar 20, 2023 6:09 amWhat is happening to Morningstar?

The Discussion Forums seem to be disappearing, too.
(At least, the one about TIAA seems to be MIA.)

Encyclopedias are no longer sold door-to-door.

Older people are dying. Younger people are using reddit. In 20 years if you are still around, you may be asking the same question about bogleheads.org.

keinodoggy wrote: ↑Sun Mar 19, 2023 6:24 pmI walked into the dealership, they had several new 2023 Foresters. We drove a Limited and loved it. The latest generation is a big step up in comfort from earlier Foresters. Dealer gave me $750 below MSRP. Drove out the same day in my new Subaru.

Sorry that is being coy. You paid over MSRP because of other things added, such at TTL, Documentation, Delivery, and what not. Is there a problem reporting what I asked for which were two dollar amounts please?

New tires are inexpensive compared to buying new tires connected to a new car. Based on your annual mileage, I would not bother get a new car until you learned the cost of passing inspection.

keinodoggy wrote: ↑Sun Mar 19, 2023 5:43 pmJust bought a new 2023 Forester Limited. It is extremely quiet, comfortable and smooth driving. As good as my Outback.

OK, but what was the OTD price and the taxes? I ask because my neighbor is shopping and told me all the outrageous prices that he was quoted when he went to dealers. Outrageous means more than 30% more than what we paid for a 2021 Honda CR-V and he will have to wait weeks, if not months, to have the car delivered.

Do you have ANY US income tax liability? Your income is low enough that I can see that you don't pay any US income taxes. Or maybe at most you had a liability of $250 of US taxes, so you got $250 in a foreign tax credit to offset that $250 and now have zero US income tax liability.

I didn't see anything in your post to make you the 1%. Do you have a net worth of $20 million and more, so will have some estate issues?

You can self-insure your death, so why have any life insurance at all?

Drill down from "account level" settings to "holding settings." I'm not going to look now because this was shown in the past week or so, thus I think you can find it. You certainly do not need to reinvest BND dividends.

Jags4186 wrote: ↑Sun Mar 19, 2023 1:35 pmI have a sister with a 3 and 7 year old, but they are how shall we say, in a different tax bracket than we are. Our vacations would never align with what they do.

That works both ways and I cannot tell what you mean. My relatives are "private-jet wealthy" and have always been happy to host us. OTOH, we are happy to reciprocate despite our meager income.

Jags4186 wrote: ↑Sun Mar 19, 2023 1:28 pmYes, we use my mother’s beach house quite a bit. But my wife’s idea of a vacation is not being around her MIL. To me its, great. She’ll take him and we’ll get to go out to eat on our own time line. But you can’t fight city hall.

Send your mom away on her own vacation away from her beach house when you go there.

Do either you or your spouse have siblings with toddlers?