Search found 135 matches

by Investing Newbie
Fri Mar 27, 2020 12:45 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting and Dividends, what to do before 30 days
Replies: 5
Views: 463

Re: Tax Loss Harvesting and Dividends, what to do before 30 days

I recently had a similar situation. I exchanged VTSAX in my Roth IRA to VLCAX (large cap index). This way I can freely TLH in my taxable from total stock to S & P 500 without having to worry about dividends in the Roth. One of the more senior members recommended this to me, makes a whole lot of sens...
by Investing Newbie
Wed Mar 18, 2020 11:28 am
Forum: Personal Investments
Topic: Implications of exchange
Replies: 2
Views: 153

Re: Implications of exchange

Thank you for the response. I feel that I’m fairly knowledgeable about my overall investing plan, asset allocation, rebalancing, keeping expenses low, etc. Since this is my first time attending TLH it made me think about things I hadn’t thought about before, such as my question on exchanging funds. ...
by Investing Newbie
Wed Mar 18, 2020 10:42 am
Forum: Personal Investments
Topic: Implications of exchange
Replies: 2
Views: 153

Implications of exchange

Hello everyone, In my ROTH account I currently have Vanguard total stock (VTSAX) and Vanguard large cap (VLCAX). I have VTSAX in my taxable account. I'm trying to gear up for my first tax loss harvest (I had recent thread on this). In order to avoid any wash sale issues I am planning to exchange the...
by Investing Newbie
Tue Mar 17, 2020 1:25 pm
Forum: Personal Investments
Topic: TLH issue?
Replies: 7
Views: 379

Re: TLH issue?

This really clarified things for me, thank you! One additional question: both VTSAX and VLCAX satisfy essentially the same US exposure in my 3 fund portfolio. Does it make sense to have both of these in my ROTH? What would the implication be if I exchanged VTSAX for VLCAX in my ROTH, and plan on TLH...
by Investing Newbie
Tue Mar 17, 2020 9:19 am
Forum: Personal Investments
Topic: TLH issue?
Replies: 7
Views: 379

Re: TLH issue?

One final attempt to revive...
by Investing Newbie
Mon Mar 16, 2020 8:41 pm
Forum: Personal Investments
Topic: TLH issue?
Replies: 7
Views: 379

Re: TLH issue?

Just bumping to try to get some input. I’m confused what to do now.

I have VTSAX in taxable as mentioned previously and now VTSAX and VLCAX in Roth.

Is rkhusky suggesting I convert my VTSAX in Roth to VLCAX as well or am I grossly mistaken?
by Investing Newbie
Mon Mar 16, 2020 1:48 pm
Forum: Personal Investments
Topic: TLH issue?
Replies: 7
Views: 379

Re: TLH issue?

Wait, wouldn't it have made more sense if I just bought VTSAX in my Roth as I always do and then just TLH in taxable from VTSAX to VLCAX?

Now I can't imagine the sense of why I bought VCLAX in Roth.....
by Investing Newbie
Mon Mar 16, 2020 1:08 pm
Forum: Personal Investments
Topic: TLH issue?
Replies: 7
Views: 379

Re: TLH issue?

Newbie question, but would converting VTSAX in Roth to VLCAX result in "selling at a loss"? Doing that in taxable makes senses because of the TLH benefit there, but is there any benefit to doing it in the ROTH, aside from being able to TLH in the taxable? Just to clarify, you mean possibly choosing ...
by Investing Newbie
Mon Mar 16, 2020 12:54 pm
Forum: Personal Investments
Topic: TLH issue?
Replies: 7
Views: 379

TLH issue?

Hi all, I have total stock market (VTSAX) in both my taxable account and Roth IRA, both of which are with Vanguard. I'm trying to figure out TLH in this situation. Since i automatically reinvest dividends in the Roth I'm aware that I would lose any benefit in the event of a wash sale, as the loss ca...
by Investing Newbie
Mon Feb 10, 2020 5:39 am
Forum: Investing - Theory, News & General
Topic: 529 strategy
Replies: 5
Views: 775

Re: 529 strategy

Thanks for the input.

Would you suggest 1/3 of the allowable $10,000 into each account, or placing more in the account that is expected to grow more? I only ever thought of contributing the tax deductible yearly maximum but could contribute more than that for tax free growth.
by Investing Newbie
Sun Feb 09, 2020 10:59 pm
Forum: Investing - Theory, News & General
Topic: 529 strategy
Replies: 5
Views: 775

529 strategy

Hi, I have three children, ages 6 years, 3 years, and 3.5 months. We currently have one 529 account for the 6 year old with approximately 20K in it. I'm trying to find some guidance on contribution strategy. We live in NY and use the aggressive age based portfolio, which at this age are 87.5% stock/...
by Investing Newbie
Thu Feb 06, 2020 8:43 am
Forum: Personal Investments
Topic: 457b vs other investing
Replies: 13
Views: 843

Re: 457b vs other investing

Any further input? I have good low cost options with several options to take distribution, one of which is a life long annuity starting at age 70. That’s probably 72 now with the secure act I suppose the question now comes down to if this is too much pretax if I were to use this account without chan...
by Investing Newbie
Wed Feb 05, 2020 10:24 am
Forum: Personal Investments
Topic: 457b vs other investing
Replies: 13
Views: 843

Re: 457b vs other investing

Yeah, I looked it up since my last post. Withdrawals can be taken without penalty if you are retiree and not yet 59.5 years old.
by Investing Newbie
Wed Feb 05, 2020 9:11 am
Forum: Personal Investments
Topic: 457b vs other investing
Replies: 13
Views: 843

Re: 457b vs other investing

Unfortunately not. I only have one 529 now for the oldest. This will be the topic of another post, how to divvy up 529 contributions so I know the funds can easily be redistributed across funds. That’s part of why I lean towards just contributing into taxable, so that I can use the money for college...
by Investing Newbie
Wed Feb 05, 2020 6:26 am
Forum: Personal Investments
Topic: 457b vs other investing
Replies: 13
Views: 843

Re: 457b vs other investing

The plan document doesn’t specifically say non governmental, but I am able to roll it into a new 457b plan if my new employer offers it. Since I don’t have other roll over abilities it must be non governmental, right? Only debt is a recently refinanced 15 year mortgage at 3%. Sorry, I should have me...
by Investing Newbie
Tue Feb 04, 2020 11:09 pm
Forum: Personal Investments
Topic: 457b vs other investing
Replies: 13
Views: 843

457b vs other investing

Hi everyone, There is a newly offered 457b plan through my employer. I'm trying to determine if I should make use of this account for the additional tax savings that it offers. Here is the information I feel is relevant from reviewing other 457 related posts. This is a non governmental plan with exa...
by Investing Newbie
Mon Oct 07, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Return of excess mortgage payment
Replies: 4
Views: 583

Re: Return of excess mortgage payment

Good morning,

I called them up this am. The overage was in fact paid out with escrow refund.
by Investing Newbie
Sun Oct 06, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Return of excess mortgage payment
Replies: 4
Views: 583

Return of excess mortgage payment

Hi everyone, Recently refinanced my mortgage and have a question about the overpayment of the pre existing mortgage. The loan payoff letter from my old servicer was generated slightly before my final payment was made to them. Therefore I have overpaid by one payment toward the old loan. I just recei...
by Investing Newbie
Tue Aug 13, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out refinance vs HELOC
Replies: 12
Views: 1206

Re: Cash out refinance vs HELOC

Hi, I spoke with the legal team with the title company, apparently the lien is structured in such a way that placing it second in line is not possible. I looked into the HELOC, but that process isn't as straightforward as I'd hoped. Running out of time for the 3% rate to expire or else all of this i...
by Investing Newbie
Mon Aug 12, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out refinance vs HELOC
Replies: 12
Views: 1206

Re: Cash out refinance vs HELOC

If the solar company will agree to a resubordination, that may be the best. This is a new term for me, so I had to look it up. Seems this applies if I already had a HELOC and am trying to refinance my mortgage, this will keep the HELOC second in line, is this correct? I don’t have HELOC currently, ...
by Investing Newbie
Mon Aug 12, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out refinance vs HELOC
Replies: 12
Views: 1206

Re: Cash out refinance vs HELOC

Would probably pay the loan off in a year.

Mortgage amount is $396,000
by Investing Newbie
Mon Aug 12, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out refinance vs HELOC
Replies: 12
Views: 1206

Re: Cash out refinance vs HELOC

what is the rate on that 15K? 3.75% What is your savings? Currently between 6months to 1 year in Ally savings as emergency fund. Don't really want to pay off the solar loan though because we'd prefer to keep the liquidity. When I spoke with the loan servicer they told me the loan would need to be p...
by Investing Newbie
Mon Aug 12, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out refinance vs HELOC
Replies: 12
Views: 1206

Re: Cash out refinance vs HELOC

Thank you for much for the reply. I think option 2 is the way to go.

Any other replies?
by Investing Newbie
Sun Aug 11, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out refinance vs HELOC
Replies: 12
Views: 1206

Cash out refinance vs HELOC

Hi everyone, I posted a thread a little over a month ago regarding refinancing my current 30 year 4.75% mortgage into a 15 year loan. We were just getting close to finalizing the deal when an issue came up and I'd appreciate some input. We have solar panels on our home. They're being financed, not a...
by Investing Newbie
Fri Jun 28, 2019 11:51 am
Forum: Investing - Theory, News & General
Topic: Settlement fund and minimizing tax lots
Replies: 4
Views: 368

Re: Settlement fund and minimizing tax lots

I was just playing around on vanguard and figured out a good way to do this. I love answering my own questions, ha. I can transfer money from bank account to settlement fund. These funds are instantly in the “available to trade” section. I just then make purchase and use settlement fund for the divi...
by Investing Newbie
Fri Jun 28, 2019 11:41 am
Forum: Investing - Theory, News & General
Topic: Settlement fund and minimizing tax lots
Replies: 4
Views: 368

Settlement fund and minimizing tax lots

Hi, The only time I have anything in my brokerage settlement fund is when quarterly dividends get placed there. I do not have automatic reinvest turned on so as to not interfere with TLH. I received a $46 dividend into my settlement fund. I don't want to just buy $46 of VTSAX and then make my additi...
by Investing Newbie
Wed Jun 19, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refi and solo vs joint loan
Replies: 3
Views: 243

Re: Mortgage refi and solo vs joint loan

Should have. Student loan lender doesn’t even know what the dispute is regarding. It is being removed, but can take 45 days. Since rates are low now I would prefer to not risk waiting.
by Investing Newbie
Wed Jun 19, 2019 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refi and solo vs joint loan
Replies: 3
Views: 243

Mortgage refi and solo vs joint loan

Hi, Posted a prior thread about mortgage refi, so this is followup. Both my wife and I are on the loan presently. There is a dispute in her credit score from 2006, which is prior to when our mortgage originated. Now all of a sudden this is an issue for the refinance. So, the bank suggested I apply f...
by Investing Newbie
Thu Jun 13, 2019 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance options
Replies: 20
Views: 2767

Re: Mortgage refinance options

I’ve thought about not paying closing costs and adding them to loan. My concern is that the interest rate becomes higher in this case and may be stuck paying a higher rate.

What’s the general consensus on paying costs up front be adding them to the loan?
by Investing Newbie
Wed Jun 12, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance options
Replies: 20
Views: 2767

Re: Mortgage refinance options

I was able to get the mortgage professor site to load. The 2.75% with 10K in closing costs comes out ahead by $7k when compared to 3.25% with 0.5 points. The math works out for me to choose the 2.75% loan, but I'm a bit put out by the comments regarding how those fees sound exorbitant. I assume it m...
by Investing Newbie
Tue Jun 11, 2019 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance options
Replies: 20
Views: 2767

Re: Mortgage refinance options

I contacted my current lender and they offer a 3.25% rate with 0.5 points. Closing costs of $4000, so 40% less than with the credit union. Over the entire life of the loan the 2.75% rate will obviously cost less, but the breakeven period between these two is probably too long. I tried to play around...
by Investing Newbie
Mon Jun 10, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance options
Replies: 20
Views: 2767

Re: Mortgage refinance options

Credit union origination charge: 2485 application fee: 100 committment fee: 1990 processing fee: 395 Required services they select: 1328.54 appraisal fee: 450 attorney fee: 750 credit report fee: 42.54 flood determination: 10 tax service fee: 76 Required services I select: 2088.97 title: endorsement...
by Investing Newbie
Mon Jun 10, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance options
Replies: 20
Views: 2767

Re: Mortgage refinance options

Do closing costs of approx $10,000 for $400,000 refinance seem within range? My research shows 1-2% fee, so this looks a bit high.

Thoughts? Could this low rate be misleading and then I would get hit with high closing costs?
by Investing Newbie
Mon Jun 10, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance options
Replies: 20
Views: 2767

Re: Mortgage refinance options

1) What are the rates for those other loans? How stable is your employment? How big of a payment is your mortgage relative to your income? 20 year rate with no closing costs is 3.875% 20 year with closing costs 3.375% 30 year with closing costs 3.5% Employment is very stable. Current mortgage with ...
by Investing Newbie
Mon Jun 10, 2019 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance options
Replies: 20
Views: 2767

Mortgage refinance options

Good morning everyone, I'm just shy of 5 years into a 30 year fixed rate mortgage with an interest rate of 4.75%. I've been paying $300 extra a month so as to pay the equivalent of 13 months of payments in a given 12 months period. This was the advice I was given at the time. I intended to do this u...
by Investing Newbie
Wed May 08, 2019 10:04 am
Forum: Investing - Theory, News & General
Topic: Knowing when to TLH
Replies: 12
Views: 1631

Re: Knowing when to TLH

This is great information. Thank you for the replies.

Maybe another reason to decide on ETFs vs mutual funds.
by Investing Newbie
Wed May 08, 2019 10:03 am
Forum: US Chapters
Topic: Any interest in forming Local Chapter on Long Island NY?
Replies: 39
Views: 8824

Re: Any interest in forming Local Chapter on Long Island NY?

Unfortunately not. Not that I know of anyway. I’m still interested.

Maybe we can revive this thread?
by Investing Newbie
Tue May 07, 2019 1:56 pm
Forum: Investing - Theory, News & General
Topic: Knowing when to TLH
Replies: 12
Views: 1631

Knowing when to TLH

Hi, I'm relatively new-ish to taxable investing since Nov 2018, so I'm sure this is probably an easy question. I invest in my taxable account solely in Total Stock Market Index Admiral (VTSAX) and as a result the prices update at the end of closing each day. I assume my short term and long term gain...
by Investing Newbie
Sat Feb 23, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Return of excess
Replies: 1
Views: 392

Return of excess

Hi all, My wife was just notified that she will be received a "return of excess" for her 401K contributions in 2018. She did not exceed the $18,500 limit, so this must be due to her employer not passing the discrimination testing. The document she received says this applies to tax year 2019. Am i co...
by Investing Newbie
Mon Feb 11, 2019 10:56 pm
Forum: Investing - Theory, News & General
Topic: Yet another qualified dividend question
Replies: 14
Views: 909

Re: Yet another qualified dividend question

They can’t. I just like to make sure I understand how the math works. Do you have any reason to think your 1099 DIV is incorrect? There has been some debate about whether or not the 1099 div accounts for ones personal holding period or not. I don’t believe that it does so I was just trying to work ...
by Investing Newbie
Mon Feb 11, 2019 10:46 pm
Forum: Investing - Theory, News & General
Topic: Yet another qualified dividend question
Replies: 14
Views: 909

Re: Yet another qualified dividend question

They can’t. I just like to make sure I understand how the math works.
by Investing Newbie
Mon Feb 11, 2019 10:03 pm
Forum: Investing - Theory, News & General
Topic: Yet another qualified dividend question
Replies: 14
Views: 909

Re: Yet another qualified dividend question

So I'd like to walk through the numbers to make sure I'm doing this correctly. Date purchased Number of shares 11/19/18 44.78 12/10/18 22.814 12/27/18 40.98 1/31/19 29.66 Ex dividend date 12/21/19 121 day window 10/22/18 - 2/19/19 Dividend .346 , 94.01% qualified (VTSAX) Only the shares purchased on...
by Investing Newbie
Sun Feb 10, 2019 9:11 pm
Forum: Investing - Theory, News & General
Topic: Yet another qualified dividend question
Replies: 14
Views: 909

Re: Yet another qualified dividend question

So the holding period isn’t unique to a particular distribution? If my 61 day period is met in order to be qualified for a March distribution then it’s automatically qualified for the other quarterly distributions as well? Based on my confusion from my initial post I thought each distribution has a ...
by Investing Newbie
Sun Feb 10, 2019 8:50 pm
Forum: Investing - Theory, News & General
Topic: Yet another qualified dividend question
Replies: 14
Views: 909

Yet another qualified dividend question

Hi everyone, The concept of a qualified dividend is now becoming clear to me when it comes to looking at each quarterly distribution in isolation. If held for 61 days of the 121 day holding period then it counts as qualified. The 1099-DIV form lists ordinary and qualified dividends for the entire ye...
by Investing Newbie
Wed Jan 02, 2019 2:53 pm
Forum: Personal Investments
Topic: Qualified Dividends
Replies: 20
Views: 2559

Re: Qualified Dividends

I will read that publication.

So it seems to make sense to wait until after the holding period is fulfilled before filing taxes for the year. Again, in my situation with a nominal amount of dividends it doesn’t matter. I’m more interested in the academics of the situation for future years.
by Investing Newbie
Wed Jan 02, 2019 2:42 pm
Forum: Personal Investments
Topic: Qualified Dividends
Replies: 20
Views: 2559

Re: Qualified Dividends

The confusion arises because the Record date for Vanguard mutual funds is the day before the ex-dividend date for Vanguard mutual funds. One can even say the Vanguard Mutual Fund ex-dividend TIME: is 4:01 pm Eastern on the record date as any shares bought with a buy order submitted after that time ...
by Investing Newbie
Wed Jan 02, 2019 11:39 am
Forum: Personal Investments
Topic: Qualified Dividends
Replies: 20
Views: 2559

Re: Qualified Dividends

Thank you for that link. I have VTSAX (Vanguard total stock market admiral) and there is no ex dividend date listed.
by Investing Newbie
Wed Jan 02, 2019 11:04 am
Forum: Personal Investments
Topic: Qualified Dividends
Replies: 20
Views: 2559

Qualified Dividends

Good morning, I'm new to a Vanguard taxable brokerage account and trying to do my best to learn the ins and outs. When I was reading up and learning about tax loss harvesting the issue of qualified dividends came up. I've read many threads and checked out the external links mentioned in the prior th...