Search found 12 matches

by winger
Fri Mar 23, 2018 8:47 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting Timing
Replies: 4
Views: 784

Re: Tax Loss Harvesting Timing

On February 9th I sold 500 shares of VTI at a modest loss and purchased VOO. On March 1st I sold 50 shares of VTI at small loss and, again purchased VOO. Must I wait until April 1 to purchase any VTI or can I purchase VTI NOW based on the sale on February 9? If the latter, am I limited 500 shares? Thanks! Wash sales are simply about whether there are replacement shares. Since you have recently sold VTI at a loss, the first 50 shares you buy within 30 days of Mar 1 will be replacements, and have their basis increased. Whatever you did on Feb 9 is no longer relevant to a wash sale analysis. If both the wash sell and buy are done at the same broker will the broker automatically increase the basis of the 50 shares and adjust the capital loss a...
by winger
Thu Feb 08, 2018 1:05 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 46420

Re: free dinner investing seminar

Reminds me of a book I read awhile back, https://www.amazon.com/Adventures-Free- ... 1460925912
Great read and the guy went to plenty of "free" meals. Couldn't get his wife to go tho. Like others, I've gone to a few of these where pressure was low, the topics at least mildly interesting and the meals were great. Having said that, I would never go to a timeshsare or free vacation offer. Totally different mindset from the financial guys.
by winger
Tue Feb 23, 2016 12:20 am
Forum: Investing - Theory, News & General
Topic: Tax-Exempt Bonds in California?
Replies: 14
Views: 2028

Re: Tax-Exempt Bonds in California?

Joel wrote:
DSInvestor wrote:HSA accounts are tax advantaged accounts. You can hold a taxable bond fund in tax advantaged accounts and not worry about taxation of dividends.
Not in California...
Joel is correct. https://www.ftb.ca.gov/forms/2015/15_540bk.pdf

From instructions for line 8:

• Interest or other earnings earned from a Health Savings Account (HSA) are
not treated as taxed deferred. Interest or earnings in a HSA are taxable in
the year earned.
by winger
Thu Sep 04, 2014 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Do I Even Need a Trust?
Replies: 31
Views: 3161

Re: Do I Even Need a Trust?

One of the advantages of putting your home in trust is that you can avoid probate. Depending on the value of your home, avoiding the probate fees may pay for the cost of an estate attorney. As others have stated, there are other reasons for estate planning beyond the trust and/or probate.

http://www.nolo.com/legal-encyclopedia/ ... rview.html has some good info that agrees that a trust isn't needed, but could save you some money.
by winger
Sat Oct 26, 2013 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: What counts as "income" for PPACA subsidies?
Replies: 143
Views: 48446

Re: What counts as "income" for PPACA subsidies?

FrugalInvestor wrote:I see no mention of HSA contributions in this document.
HSA contributions are reported on Form 8889.

The Healthlaw document (pg 29 of the pdf) says that AGI is based on Form 1040. Refer to Appendix D for the 1040 form. Form 8889 would be used to determine if there is a HSA deduction allowed for the contributions. If so, the deduction (adjustment for the HSA contribution) would be entered on line 25 of form 1040. This would be considered an above the line adjustment so would be reflected in the AGI calculated for line 37.
by winger
Tue Feb 12, 2013 2:49 pm
Forum: Investing - Theory, News & General
Topic: moving pre-tax money to after-tax for free?
Replies: 40
Views: 4201

Re: moving pre-tax money to after-tax for free?

ghost9804 wrote:...
say we have 2 funds A and B both in pre-tax and ROTH account. A is winning, B is losing.
we sell B, buy A in pre-tax
sell A, buy B in Roth
AA for funds A and B still kept the same after the transaction.
...
In this case, you do have a reportable loss when you sell B. I do not believe that buying B in a Roth account will exempt you from wash sale rule. Review IRS 550 and google Revenue Ruling 2008-05.
by winger
Tue Jan 15, 2013 12:07 am
Forum: Personal Consumer Issues
Topic: DSL vs Cable
Replies: 37
Views: 3857

Re: DSL vs Cable

I've had both Comcast and ATT(or SBC) concurrently at the last two places I've lived. My experience is that while Comcast offers the greater bandwidth for the buck I find ATT to be the better choice for VOIP/streaming applications. Where I've lived, Comcast has more outages, ie no internet at all, as well as greater fluctuations in latency that will impact applications such as VOIP/video/gaming. In both cases, it was "normal" for Comcast to bog down in the evenings where I lived. In a direct comparison between the two, I found ATT to provide consistently better service for real time type applications. BTW, both ATT and Comcast normally have trial introductory rates of $19.95 for 6 to 12 months. With a good cable modem, I found I w...
by winger
Sun Dec 23, 2012 10:59 am
Forum: Personal Finance (Not Investing)
Topic: ESPP sell strategy help
Replies: 7
Views: 1920

Re: ESPP sell stratey help

Might not be enough info here as the decision may also partly depend on your tax bracket and your company's ESPP rules. For ESPP, a couple things that may apply: 1. There is a difference between qualified and non-qualified ESPP sales. Depends on your plan what the distinction is, but the classification will impact how much gain is treated as capital gain and how much as regular income. You will need to know each ESPP purchase batch offering/purchase prices/dates as well as the discount amount and plan requirements for qualified. 2. Selling ESPP at a loss within a month of your scheduled ESPP purchases will trigger wash sale rules. So if your plan is set to purchase more shares for you at the end of this year, a wash sale of your losers now ...
by winger
Sat Sep 29, 2012 4:11 pm
Forum: Personal Investments
Topic: rollover from company 403B to Vanguard IRA
Replies: 7
Views: 1504

Re: rollover from company 403B to Vanguard IRA

I retired about a year ago and I just rolled over my 403B and 401K from previous employers to my (Schwab) IRA. As long as the money is a direct transfer from 403B or 401K to the IRA trustee, there are no immediate tax consequences. My 403B was from a previous employer from 10 years ago. I was content to leave it there since the funds offered were low cost and fit in with my asset allocation plans. Likewise the 401K had a self directed account available so I could purchase whatever I wanted there. The reason to move to Schwab is just to consolidate from Fidelity (403B) and JP Morgan (401K) to Schwab IRA. Both Fidelity and JP Morgan were very good in handling the transfer, as was Schwab in accepting the transfer. Reasons I had to delay rollin...
by winger
Fri May 23, 2008 5:17 pm
Forum: Personal Investments
Topic: Portfolio rebalance?
Replies: 2
Views: 1053

Portfolio rebalance?

Hi All, Been reading the forums for a little over a year and really enjoy the discussions here. Thought it be a good opportunity for me to get your thoughts on my upcoming rebalance. I have a checkup financial plan with Vanguard upcoming as well. Background: Up until a year ago, I gave little thought to any overall investment strategy and treated each potential investment individually. I also had a number of small 401K balances and IRA accounts that had accumulated over the years. Looking to develop an overall investment approach, I checked into the Vanguard site and these forums. Decided I was over the pick stocks and hope I'm lucky stage. Had a free Vanguard financial plan and we talked about transitioning what I had into index funds. I a...
by winger
Fri May 23, 2008 3:51 pm
Forum: Personal Investments
Topic: former employer 401k to VG IRA---to co-mingle or not?
Replies: 33
Views: 7101

Please explain 5 yr clock Thank You from Taylor's post: there is a link to the irs pub (sorry can't post direct links yet, scroll up for the clickable versoin) Figure 2-1 is a flow chart of qualified distributions from a roth ira. The first box seems to require that it must be at least 5 years from the beginning of the year you first set up your roth ira. So say if I am in my working 40's and make too much to start an IRA until the 2010 exemption comes in. In 2010, i am still working and in a high tax bracket so it doesn't make sense to pay taxes to convert a large traditional ira to a roth. But if I plan (hope!) to retire by late 40's, and have a lower tax bracket and income. Assuming no change in laws, my income will be low enough to con...
by winger
Fri May 23, 2008 11:24 am
Forum: Personal Investments
Topic: former employer 401k to VG IRA---to co-mingle or not?
Replies: 33
Views: 7101

But your good news is since you think you will have a lower tax rate in retirement anyway, it's a no-brainer to keep the TIRA and not convert to a Roth. JW I started funding non-deductible IRAs a few years ago when I first heard about the 2010 income exemption for converions. I'd also been coverting previous non-deductible employee 401k stuff to IRA as well. So I have a significant portion that would be taxed on conversion. So, since I'm leaning towards the probability that my future tax rate will be lower than it is now, I probably won't convert. My question is, would it be a good idea to take this opportunity to establish a Roth anyways for a nominal amount, just to get the 5 year clock ticking just in case of future changes in laws/my s...