Search found 3361 matches

by Chip
Mon May 03, 2021 11:55 am
Forum: Personal Investments
Topic: Fidelity Taxable Account - investment options?
Replies: 12
Views: 1314

Re: Fidelity Taxable Account - investment options?

I believe if you want automated investing at Fidelity the only reasonable option for US stocks is FSKAX. Tax efficiency, while generally not as good as VTSAX, is still better than MANY other funds. You might want to quantify the actual tax cost before worrying excessively about it. Some may suggest ...
by Chip
Sun May 02, 2021 4:08 am
Forum: Investing - Theory, News & General
Topic: High value tax advantaged account questions
Replies: 44
Views: 2803

Re: High value tax advantaged account questions

I do not see a difference in having funds in after tax account or tax advantaged accounts for LTCi porposes. You can always retain a specific amount in tax advantaged accounts earmarked for a 'medical emergency' and convert the rest as you choose but having 'too much' in tax advantaged accounts wil...
by Chip
Sun Apr 25, 2021 1:47 pm
Forum: Personal Consumer Issues
Topic: Considering switching from Tracfone to Tello
Replies: 25
Views: 1598

Re: Considering switching from Tracfone to Tello

A couple of years ago, Tracfone changed things so that the "add 1 year for $50" option only appears if you bought your phone directly from Tracfone. (One of my daughters and I can still get this deal, but it won't show up for my daughter who bought her phone from Apple.) But so far I've b...
by Chip
Sat Apr 24, 2021 3:22 pm
Forum: Investing - Theory, News & General
Topic: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?
Replies: 98
Views: 6049

Re: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?

So the argument has now morphed from dividends not affecting stock prices to dividends exercising restraint on incompetent management.

Okay. Glad we cleared that up about the effect on stock prices.
by Chip
Sat Apr 24, 2021 10:02 am
Forum: Investing - Theory, News & General
Topic: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?
Replies: 98
Views: 6049

Re: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?

A triumph of cherry picking. No, merely illustrating the the payment of dividends DOES affect the price of the stock. If you believe a large dividend can affect the stock price why wouldn't you believe that a smaller one would as well? In your examples the dividend as a percentage of the stock pric...
by Chip
Sat Apr 24, 2021 9:31 am
Forum: Investing - Theory, News & General
Topic: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?
Replies: 98
Views: 6049

Re: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?

Can you see it on this chart? I can.

Microsoft paid a $3/share dividend in late 2004. Ex-dividend date was 11/15/04.
by Chip
Sat Apr 24, 2021 6:59 am
Forum: Personal Investments
Topic: Investing in Private Equity Fund
Replies: 32
Views: 2481

Re: Investing in Private Equity Fund

It’s a bit like hedge funds and similar; you won’t be invited to invest in the good ones. We know of a few good ones, but they don’t want our money :D because they don’t need it. Time to haul out the classic Groucho Marx quote: “I don’t want to belong to any club that would accept me as one of its ...
by Chip
Thu Apr 22, 2021 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Asset DISplacement strategies
Replies: 1
Views: 168

Re: Asset DISplacement strategies

In what order would you draw these down? For me it would depend on marginal tax rate during that 10 year period vs. after. Considering both the 11 year period from when the NQDC payments stop plus the period after you have to start RMDs. I would use the withdrawals to try to equalize marginal tax r...
by Chip
Wed Apr 21, 2021 3:53 pm
Forum: Investing - Theory, News & General
Topic: Dividend Portfolio (SCHD) vs Stock-Bond (VTI-BND) Portfolio
Replies: 130
Views: 7436

Re: Dividend Portfolio (SCHD) vs Stock-Bond (VTI-BND) Portfolio

I think you should compare 100% SCHD to 70% VTSAX/30% Bitcoin. It would have similar validity to the comparison you made.
by Chip
Wed Apr 21, 2021 1:38 pm
Forum: Personal Investments
Topic: Advice on a brokerage trading error
Replies: 13
Views: 515

Re: Advice on a brokerage trading error

If you did it in a phone call there should be a recording. Ask the manager of the office to find the phone records. If you gave it to them in writing it ought to be easy for them to find.
by Chip
Tue Apr 20, 2021 4:00 am
Forum: Personal Consumer Issues
Topic: Considering switching from Tracfone to Tello
Replies: 25
Views: 1598

Re: Considering switching from Tracfone to Tello

At Tracfone, you can purchase an additional year of service for $50. I've been using Tracfone for years (Verizon service), no complaints, why switch? I used to be able to do that but I haven't been able to the last couple of years. I would buy the cheapest "card" on the website then was a...
by Chip
Sun Apr 18, 2021 11:37 am
Forum: Personal Consumer Issues
Topic: Tool for precise 90 degree cut with utility knife blade?
Replies: 36
Views: 2732

Re: Tool for precise 90 degree cut with utility knife blade?

If you clamped a metal straight edge to it could you do it by hand?
by Chip
Sat Apr 17, 2021 5:38 am
Forum: Personal Investments
Topic: Short Term TIPs ETF (VTIP) - Does it make sense?
Replies: 10
Views: 1113

Re: Short Term TIPs ETF (VTIP) - Does it make sense?

Can you explain any good reasoning for why people like you and me are not 100% TIPS? I have the same problem you do. I was slightly burned by the TIPS price drop in 11/08. I was ready to buy cratering stocks, but I had to sell cratering TIPS to do so. So now I have some nominal Treasuries. Fighting...
by Chip
Sat Apr 17, 2021 5:16 am
Forum: Investing - Theory, News & General
Topic: Value strategies
Replies: 24
Views: 1823

Re: Value strategies

retired@50 wrote: Fri Apr 16, 2021 5:54 pm Chip,
I think the squiggly character (tilde) in front of the $140k is supposed to indicate an approximate number, not a negative number.
Thanks! The font was small enough on my screen that the squiggle wasn't really visible. It looked like a minus sign. OP, my apologies.
by Chip
Fri Apr 16, 2021 4:02 pm
Forum: Investing - Theory, News & General
Topic: Value strategies
Replies: 24
Views: 1823

Re: Value strategies

Less than a year ago you said that your net worth was -140k and that you were very early in your career. If you don't like stock market values then pay down debt. Trying to guess which segment of the market is going to perform well is a fool's errand. I don't know where you are getting this informa...
by Chip
Fri Apr 16, 2021 6:20 am
Forum: Personal Consumer Issues
Topic: local dealers offering to buy car for more than you paid?
Replies: 35
Views: 2288

Re: local dealers offering to buy car for more than you paid?

There is definitely a shortage of some used cars. I know some car salesmen socially and all of them have been talking about rapidly rising prices at the auctions they attend. One of them told me of making 7.5k profit on a Honda sale recently -- it was just a little profit on the new Accord, but the ...
by Chip
Fri Apr 16, 2021 5:25 am
Forum: Personal Consumer Issues
Topic: Wi-Fi router recommendations
Replies: 28
Views: 2280

Re: Wi-Fi router recommendations

What I am looking for is a plug and play Wi-Fi router that has a strong signal. As jebmke said, it depends on the size of your space and how you use your network. Here's a lengthy thread where I asked for router recommendations. Note the extremely wide range of responses. It turned out that a simpl...
by Chip
Fri Apr 16, 2021 5:10 am
Forum: Investing - Theory, News & General
Topic: Value strategies
Replies: 24
Views: 1823

Re: Value strategies

Less than a year ago you said that your net worth was -140k and that you were very early in your career.

If you don't like stock market values then pay down debt. Trying to guess which segment of the market is going to perform well is a fool's errand.
by Chip
Thu Apr 15, 2021 4:35 am
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 300
Views: 17389

Re: What’s the problem with dividends?

dboeger1 wrote: Thu Apr 15, 2021 4:03 am That's an interesting point I've never heard before, but I feel like it's also a bit misleading. Shouldn't the dividend theoretically be offset by an equally negative change in share price?
Sure, but you don't get the full amount of that tax "benefit" until you sell the entire position.
by Chip
Wed Apr 14, 2021 4:51 am
Forum: Personal Consumer Issues
Topic: Cicadas
Replies: 23
Views: 1844

Re: Cicadas

All you wanted to know about cicadas (and more!): https://www.cicadamania.com/

DW and I have our hearing protection ready. It will be necessary when working outdoors. Seriously.
by Chip
Sun Apr 11, 2021 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11437

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

abuss368 wrote: Sun Apr 11, 2021 2:28 pm What states tax Roth IRA withdrawals? I am not aware of any.
There aren't any. I was trying to point out the futility of speculating on future tax law changes.
by Chip
Sun Apr 11, 2021 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11437

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

I find it hard to believe states will exempt retirees from millions in social security benefits 30 years from now when social security benefits grow due to inflation. There will be a labor shortage for states trying to shift the tax burden to the workers Then you should also find it hard to believe...
by Chip
Sun Apr 11, 2021 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11437

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

Don’t forget about state taxes. Many will be living in other states like Cali. Want it or not California doesn't tax social security. Neither does my state. Not currently but who knows in the future Currently there is only ONE state (Utah) that taxes Social Security benefits in exactly the same way...
by Chip
Sun Apr 11, 2021 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11437

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

Ed 2 wrote: Sun Apr 11, 2021 8:32 am Don’t forget about state taxes. Many will be living in other states like Cali. Want it or not
California doesn't tax social security. Neither does my state.
by Chip
Sat Apr 10, 2021 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 3
Views: 340

Re: Tax question

Braje wrote: Sat Apr 10, 2021 12:52 pm I ran the numbers in https://turbotax.intuit.com/tax-tools/c ... taxcaster/ and come up with a much higher tax saving with the Traditional 401k
Right. OP forgot about the 37% taxes on the 19,500 of ordinary income.
by Chip
Sat Apr 10, 2021 7:47 am
Forum: Personal Finance (Not Investing)
Topic: capital gains taxes need to be paid in quarter they occur?
Replies: 6
Views: 750

Re: capital gains taxes need to be paid in quarter they occur?

Let's also not forget about the potential safe harbors involving 2020 tax liability.
by Chip
Wed Apr 07, 2021 6:02 am
Forum: Personal Finance (Not Investing)
Topic: DAF - At What $ Level Do Other Options Make Sense?
Replies: 10
Views: 1150

Re: DAF - At What $ Level Do Other Options Make Sense?

It appears that our DAF is funded richly enough that there will still be funds in it when we reach RMD age. In hindsight, I wish that we had funded the DAF a little less richly, so that we could make full use of QCDs at age 72 and later. I go back and forth on this. The DAF is so convenient for sma...
by Chip
Wed Apr 07, 2021 4:13 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax Credit (1116) - H&R Block vs TurboTax
Replies: 8
Views: 1093

Re: Foreign Tax Credit (1116) - H&R Block vs TurboTax

grabiner wrote: Tue Apr 06, 2021 8:22 pm Only if your credit is limited on Form 1116, which is not that common for investors.
Is there any data to support the assertion that it isn't common for investors?
by Chip
Tue Apr 06, 2021 6:31 am
Forum: Personal Consumer Issues
Topic: No foreign fee, reimburse atm fee cards besides Schwab?
Replies: 33
Views: 2100

Re: No foreign fee, reimburse atm fee cards besides Schwab?

Fidelity: 1% FTF. 2% cash back. Earn 1% using fidelity internationally. Money is fungible. I think you're talking about the credit card, not the debit card. This just adds to the confusion. As mentioned many times above, the Fidelity DEBIT card does NOT have a FTF when used to make ATM withdrawals....
by Chip
Mon Apr 05, 2021 3:55 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax Credit (1116) - H&R Block vs TurboTax
Replies: 8
Views: 1093

Re: Foreign Tax Credit (1116) - H&R Block vs TurboTax

If I understand Form 1116 correctly (hmmm), for line 1a I should scale the foreign-qualified-dividend value by the appropriate magic number (0.4054 or 0.5405) for my capital-gains tax bracket, but for line 3d (Gross foreign source income) I should show the whole foreign-qualified-dividend value (wi...
by Chip
Sun Apr 04, 2021 10:53 am
Forum: Personal Investments
Topic: Wells-Fargo Settlement Check from Former IRA Account
Replies: 15
Views: 1226

Re: Wells-Fargo Settlement Check from Former IRA Account

I’ve sent the form asking them not to deduct taxes, so hopefully they will do as I ask. I have not found a way to reach them about changing the way the check is made out, so I will research the indirect rollover method and hope my tax accountant can sort out the 1099R. You should be able to roll it...
by Chip
Sun Apr 04, 2021 10:29 am
Forum: Personal Investments
Topic: Help Establishing a Boglehead-Friendly Strategy!
Replies: 11
Views: 1029

Re: Help Establishing a Boglehead-Friendly Strategy!

I understand theoretically how to do TLH on my own, but it seems like for 25 basis points Betterment’s algorithms will be a value-add, unless I am looking at my Fidelity dashboard every single day for loss opportunities. I agree with everything nolesrule said. You will know when major loss harvesti...
by Chip
Sun Apr 04, 2021 5:05 am
Forum: Investing - Theory, News & General
Topic: Common Cents On Roth Conversions
Replies: 32
Views: 4023

Re: Common Cents On Roth Conversions

Other intangible benefits of converting/ withdrawing everything from tax-deferred are that you don't have to worry about RMDs in your later years, when you are more likely to have some cognitive decline. (The penalty for not withdrawing enough is severe--50% of the amount that should have been remo...
by Chip
Sat Apr 03, 2021 10:38 am
Forum: Personal Investments
Topic: Help Establishing a Boglehead-Friendly Strategy!
Replies: 11
Views: 1029

Re: Help Establishing a Boglehead-Friendly Strategy!

Hi, and welcome! You have excellent fund choices in the 401k/403b/457b. No need to go to brokerage link. If you are considering the 3 fund portfolio , then these are the funds to use: Fidelity® 500 Index Fund (FXAIX, 0.015%) Fidelity® Mid Cap Index Fund (FSMDX, 0.025%) Fidelity® U.S. Bond Index Fund...
by Chip
Fri Apr 02, 2021 8:44 am
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 122
Views: 13707

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

So I do think it's different. A variation on the most dangerous words to long term investing success: "This time is different". There were quite a few people here saying the same thing a year ago, opining that things were different and that people should get out of the stock market for a ...
by Chip
Mon Mar 29, 2021 4:57 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax and 1099R Pension Income
Replies: 7
Views: 653

Re: TurboTax and 1099R Pension Income

I'd look back at your 2019 1099-R as well. It's likely you had VA tax taken out then, too. So also file a paper NR return for that year. What returns did you file in 2018? While I have no special knowledge of the two states, it's usually the case that you would file part-year resident returns in eac...
by Chip
Sat Mar 27, 2021 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Owned a home, rented it for 2 years, then sold - Still owe tax?
Replies: 39
Views: 2899

Re: Owned a home, rented it for 2 years, then sold - Still owe tax?

This is all so strange. Maybe I should just not report it. Reason 1: The IRS says if I'm meet the exclusion test I don't need to report it https://www.irs.gov/taxtopics/tc701 Reason2: I didn't get a form 1099-S (also mentioned at the link above) https://turbotax.intuit.com/tax-tips/home-ownership/t...
by Chip
Sat Mar 27, 2021 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Owned a home, rented it for 2 years, then sold - Still owe tax?
Replies: 39
Views: 2899

Re: Owned a home, rented it for 2 years, then sold - Still owe tax?

I think it would be best to go to the source: IRS Pub 523.

It appears to me that you're eligible for the cap gain exclusion but you must recapture depreciation. But it's fairly complex. I suggest you go through the worksheets in Pub 523 (Wksht 3 in particular) to understand the process.
by Chip
Sat Mar 27, 2021 6:05 am
Forum: Personal Investments
Topic: new investor in her 20s seeking help with first investments – especially bonds
Replies: 28
Views: 2659

Re: new investor in her 20s seeking help with first investments – especially bonds

Hi, and welcome! You're off to a great start. If I'm interpreting correctly, all of your retirement savings are going into your 401k. Your choice of the 2065 target date fund is excellent. Savings for your house aren't part of your retirement, so placing them in a high yield savings account is perfe...
by Chip
Sun Mar 21, 2021 4:30 am
Forum: Investing - Theory, News & General
Topic: Are we better off now than Dec 2018?
Replies: 301
Views: 25712

Re: Are we better off now than Dec 2018?

I think people need to ask themselves why they are freaked out about a US stock market that is just about where it was in Dec 2018. Why not just take what you had back then “off the table”. THINK about this! We are looking to be in far worse shape over the next year than anything that was remotely ...
by Chip
Sun Mar 21, 2021 3:38 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity DAF Mutual Fund Transfers
Replies: 4
Views: 448

Re: Fidelity DAF Mutual Fund Transfers

The shares you transfer to the DAF (or any other charity) must have been held over a year to get the full tax benefit. You can only deduct your cost basis on shares held for a year or less.
by Chip
Fri Mar 19, 2021 6:52 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax bug: Form 2210, has been fixed!
Replies: 6
Views: 1121

Re: TurboTax bug Form 2210

Don't want to change the subject too much. But, does the existence of bugs of this sort tend to favor buying the online vs. the CD version of Turbotax? I assume that once T-tax acknowledges the bug, that they will be able to fix the online software reasonably quickly. It would appear that updating ...
by Chip
Wed Mar 17, 2021 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Adding margin lending to a Fidelity after-tax brokerage account
Replies: 53
Views: 2506

Re: Adding margin lending to a Fidelity after-tax brokerage account

Hypothetical: I borrow $10,000 on Margin in an account that holds only FZROX (Fidelity zero total US market) on December 1. FZROX pays its entire annual dividend of $180 (1.8%) on Dec 7. Fidelity pays me this as cash-in-lieu on Dec 10 and I pay off the margin loan on Dec 14. That's 2 weeks of inter...
by Chip
Wed Mar 17, 2021 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Any TaxSlayer experts? Schedule D entry question
Replies: 6
Views: 506

Re: Any TaxSlayer experts? Schedule D entry question

One question, though, regarding the use of the M adjustment code on the 8949 (Exception 2). From my reading of the 8949 instructions, it appears that supporting statements must be attached whenever taking Exception 2, even if no additional adjustments were required. Is that indeed the case or is th...
by Chip
Wed Mar 17, 2021 1:13 pm
Forum: Personal Consumer Issues
Topic: Anyone with experience removing pipe plugs
Replies: 61
Views: 4856

Re: Anyone with experience removing pipe plugs

Maybe I'm a neanderthal, but I'd just put a pipe wrench on it. Maybe a big one. The OP explained that the head is recessed with no access from the side, otherwise a variety of wrenches might work - but not with the security of the proper socket. Sorry, missed that information in the later post.
by Chip
Wed Mar 17, 2021 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Any TaxSlayer experts? Schedule D entry question
Replies: 6
Views: 506

Re: Any TaxSlayer experts? Schedule D entry question

My friend panic sold during Covid last year, so has close to 100 transactions on their 1099-B. None of the sales have adjustments, thus it would be really nice just to enter 2 summary transactions and have the totals appear in lines 1a/8a. I use the TaxAide version of TaxSlayer. I'm not sure how or...
by Chip
Wed Mar 17, 2021 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Adding margin lending to a Fidelity after-tax brokerage account
Replies: 53
Views: 2506

Re: Adding margin lending to a Fidelity after-tax brokerage account

I have a margin account at Fidelity, but I don't think I've ever used the feature. A couple of things of note: 1. You can move specific positions to your "cash" account if you don't want them lent out. Of course they won't be used to calculate available margin. Right now I only have two po...
by Chip
Wed Mar 17, 2021 7:30 am
Forum: Personal Consumer Issues
Topic: Anyone with experience removing pipe plugs
Replies: 61
Views: 4856

Re: Anyone with experience removing pipe plugs

Maybe I'm a neanderthal, but I'd just put a pipe wrench on it. Maybe a big one.
by Chip
Mon Mar 15, 2021 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Repeated fraudulent Paypal charges using compromised credit card
Replies: 24
Views: 1488

Re: Repeated fraudulent Paypal charges using compromised credit card

I had a similar issue with a Capital One card and small, fraudulent charges from the Apple App Store. After I reported the first charge it was reversed and I received a new card. Then there was immediately another charge on the new card, perhaps even before I received the card. I complained loudly t...
by Chip
Sat Mar 13, 2021 5:47 am
Forum: Personal Finance (Not Investing)
Topic: A 1099 puzzler
Replies: 25
Views: 1960

Re: A 1099 puzzler

You are correct. 1a does show all of the dividends. So in this case $10. 1b shows that portion of 1a that is qualified dividends which is $9. $3 is short term capital gain distribution does not have to be generated by a dividend. I don't think you are understanding the issue. The IRS requires that ...