Search found 75411 matches

by livesoft
Wed Apr 14, 2021 9:45 am
Forum: Personal Investments
Topic: Taxes: withdrawing from my Bond ETF fund??
Replies: 8
Views: 160

Re: Taxes: withdrawing from my Bond ETF fund??

Neat - But is there an advantage to do that for a new / intermediate investor? I am thinking not, but I don't have a way to verify. I hope someone can do an analysis to see if their version of Spec ID vs using a tax Sensitive algorithm has meaningful differences. Fidelity (and my other brokerage fi...
by livesoft
Wed Apr 14, 2021 9:40 am
Forum: Personal Investments
Topic: 529 plans and individual stock picking
Replies: 1
Views: 47

Re: 529 plans and individual stock picking

Never seen one that allows that.
by livesoft
Wed Apr 14, 2021 9:36 am
Forum: Personal Investments
Topic: Taxes: withdrawing from my Bond ETF fund??
Replies: 8
Views: 160

Re: Taxes: withdrawing from my Bond ETF fund??

So I am trying to learn here. In this case of Fidelity, there are various disposal methods available. If OP chose tax sensitive, would it not do what you describe with much less overhead? While I have a Fidelity account I have never sold shares there that I transferred in which were in one single l...
by livesoft
Wed Apr 14, 2021 9:19 am
Forum: Personal Investments
Topic: Taxes: withdrawing from my Bond ETF fund??
Replies: 8
Views: 160

Re: Taxes: withdrawing from my Bond ETF fund??

Taxes work the same on bond funds: If you sell shares and realize a capital gain, then you will declare that as income. if you sell and realize a capital loss then you get to deduct that on your taxes either in the same tax year or eventually depending on the amount of the loss. If not already done,...
by livesoft
Wed Apr 14, 2021 9:10 am
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 74
Views: 3455

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

Flashes1 wrote: Wed Apr 14, 2021 9:05 amThis idea is my ticket to great wealth! I just need to figure out a way to patent it! :D
This already exists, but not at Vanguard. You need to switch your money to another firm.
by livesoft
Wed Apr 14, 2021 8:54 am
Forum: Personal Investments
Topic: cost basis for a covered call
Replies: 2
Views: 115

Re: cost basis for a covered call

If you were writing and selling a tax-prep software how would you do it? Many people blindly import or simply make up brokerage transactions. We have see many times reported on the forum where non-covered shares were sold and a 1099-B had no cost basis basis which means cost basis was left at zero. ...
by livesoft
Wed Apr 14, 2021 7:49 am
Forum: Investing - Theory, News & General
Topic: Rebalance time for retiree- If I buy VBTLX now what do I get?
Replies: 6
Views: 611

Re: Rebalance time for retiree- If I buy VBTLX now what do I get?

I see that VBTLX has a one-month return of 0.67%, so if one had bought it a month ago when the YTD return was about -3.6% and a few folks were talking about buying opportunity, then one would have made more in one month than they would have made in an entire year in a money market fund or in cash. I...
by livesoft
Wed Apr 14, 2021 6:44 am
Forum: Personal Investments
Topic: With Vanguard, is it possible to find foreign tax credit information on a month-to-month basis?
Replies: 2
Views: 226

Re: With Vanguard, is it possible to find foreign tax credit information on a month-to-month basis?

No, it is not possible. One can figure out from the year-end data what the tax rate was for each ticker symbol that you have tax paid on your 1099-DIV, then apply that rate to each dividend received to get some idea of the quarterly amounts on the quarterly dividends. At least that way if you own di...
by livesoft
Tue Apr 13, 2021 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle this? -- big utility company problem!
Replies: 39
Views: 2285

Re: How would you handle this? -- big utility company problem!

Answers to some comments above: 1. Elderly neighbors are aware of the situation. So is one of their kids, who handles their finances. They actually agreed with me -- months ago -- that this was happening. The utility company was fighting this more than my neighbors were. 2. Neighbors are well off f...
by livesoft
Tue Apr 13, 2021 6:53 pm
Forum: Personal Consumer Issues
Topic: Cicadas
Replies: 20
Views: 1405

Re: Cicadas

gerntz wrote: Tue Apr 13, 2021 6:49 pmThese cicadas emerge from underground only every 17 years ....
I think new cicadas of this species emerge every year, but the "every 17" brood is large which makes for another large brood 17 years hence. There are always cicadas every year.
by livesoft
Tue Apr 13, 2021 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 62
Views: 3524

Re: First child entering college in the fall... need some advice

I've heard that Ron Lieber's new book on paying for college has some things for parents. Check it out.
by livesoft
Tue Apr 13, 2021 5:09 pm
Forum: Personal Consumer Issues
Topic: Cicadas
Replies: 20
Views: 1405

Re: Cicadas

Here where I live in Texas we have cicadas, katydids, and tree frogs all summer long, so nights are noisy anyways. I haven't seen any cicadas yet though nor the exoskeletons that they leave on the outside walls of the house and tree trunks.
by livesoft
Tue Apr 13, 2021 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 62
Views: 3524

Re: First child entering college in the fall... need some advice

The OP's investments may go up by over $200K each of the following 4 years, so paying for college will just put a little dent in that growth, but nothing to worry too much about. I don't see financial aid in the future for this family, but the students can certainly work during the summers and part-...
by livesoft
Tue Apr 13, 2021 9:37 am
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 47
Views: 2517

Re: 10+ year old used cars?

I don't need to save that kind of money, so I would not buy a 10-year-old used car, but one of my children might from me.
by livesoft
Tue Apr 13, 2021 9:28 am
Forum: Personal Consumer Issues
Topic: Mouse Help
Replies: 14
Views: 802

Re: Mouse Help

You can probably also buy copper scrub pads that will do the same, but will never rust from moisture. And keep them in place with spray expanding foam. Mice will chew through the wires in your dishwasher and refrigerator and possiibly live in the insulation of these appliances. I rented a home that ...
by livesoft
Tue Apr 13, 2021 8:15 am
Forum: Personal Consumer Issues
Topic: Cockroach Coming Out of Hole in Sink?
Replies: 15
Views: 1417

Re: Cockroach Coming Out of Hole in Sink?

Ever since roach sex hormone was synthesized, roach traps, baits, and poisons have really cut back their numbers. One doesn't need to really spray the interior of their house/apartment/dwelling anymore to essentially eradicate roaches. However, it is true that roaches will travel from surrounding ar...
by livesoft
Tue Apr 13, 2021 4:58 am
Forum: Investing - Theory, News & General
Topic: FTC and 1116: How to do it with TurboTax
Replies: 10
Views: 785

Re: FTC and 1116: How to do it with TurboTax

This is all above my pay grade. I'm sure you will figure it out somehow.
by livesoft
Tue Apr 13, 2021 4:57 am
Forum: Personal Consumer Issues
Topic: Cockroach Coming Out of Hole in Sink?
Replies: 15
Views: 1417

Re: Cockroach Coming Out of Hole in Sink?

Please read The Metamorphosis by Franz Kafka.
by livesoft
Mon Apr 12, 2021 7:28 pm
Forum: Personal Investments
Topic: Emergency (oh my God fund)
Replies: 44
Views: 4233

Re: Emergency (oh my God fund)

We have an amount of money in bond funds that can be used at any time for anything we want.
by livesoft
Mon Apr 12, 2021 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about Frequent trading or market-timing
Replies: 6
Views: 597

Re: Questions about Frequent trading or market-timing

But my question is Frequent trading or market-timing . If I were to buy and sell AAPL shares frequently like day trading, do I get dinged by the policy? Your trades in stock will not be free after a certain number and you will be charged a commission. Those commissions are explained on the vanguard...
by livesoft
Mon Apr 12, 2021 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Group wants me to be CFO -- advice?
Replies: 32
Views: 3118

Re: Medical Group wants me to be CFO -- advice?

There are "part-time" CFOs for hire.
by livesoft
Mon Apr 12, 2021 8:34 am
Forum: Personal Finance (Not Investing)
Topic: 1099R Form Redistribution Code Tax Question
Replies: 14
Views: 650

Re: 1099R Form Redistribution Code Tax Question

If your income is low enough to make a direct Roth IRA contribution, then there would be no need to make a non-deductible traditional IRA contribution, then convert it to a Roth.

I would not use the word "Backdoor" at all.
by livesoft
Mon Apr 12, 2021 8:07 am
Forum: Personal Finance (Not Investing)
Topic: 1099R Form Redistribution Code Tax Question
Replies: 14
Views: 650

Re: 1099R Form Redistribution Code Tax Question

Also note that codes N and R that you mentioned are NOT for conversions, but are for recharacterizations. Those are two different things. If there is a vocabulary issue here, then get that straightened out or if it cannot be straightened out lose the loser. Also ask them to pay you for their "c...
by livesoft
Mon Apr 12, 2021 7:58 am
Forum: Personal Finance (Not Investing)
Topic: 1099R Form Redistribution Code Tax Question
Replies: 14
Views: 650

Re: 1099R Form Redistribution Code Tax Question

A little internet search has this for Code 2 in Box 7. https://thelink.ascensus.com/articles/2020/12/16/irs-form-1099-r-box-7-distribution-codes I'm sure other places have the same. More important is probably whether the Check Box is checked or not. I see lots of people missing this on this forum. T...
by livesoft
Mon Apr 12, 2021 5:10 am
Forum: Investing - Theory, News & General
Topic: FTC and 1116: How to do it with TurboTax
Replies: 10
Views: 785

Re: FTC and 1116: How to do it with TurboTax

Were foreign taxes withheld on only the foreign dividends or were they also withheld on the foreign capital gains income?
by livesoft
Mon Apr 12, 2021 4:53 am
Forum: Personal Finance (Not Investing)
Topic: Questions about Frequent trading or market-timing
Replies: 6
Views: 597

Re: Questions about Frequent trading or market-timing

But my question is Frequent trading or market-timing . If I were to buy and sell AAPL shares frequently like day trading, do I get dinged by the policy? Your trades in stock will not be free after a certain number and you will be charged a commission. Those commissions are explained on the vanguard...
by livesoft
Sun Apr 11, 2021 10:16 pm
Forum: Investing - Theory, News & General
Topic: FTC and 1116: How to do it with TurboTax
Replies: 10
Views: 785

Re: FTC and 1116: How to do it with TurboTax

Are you a resident of a non-US country? Do you pay foreign taxes on your earned income? Or are the only foreign taxes that you paid automatically withheld and paid by your brokerage firm(s)? What are the ticker symbols of the investments that have foreign taxes withheld AND reported on your 1099-DIV...
by livesoft
Sun Apr 11, 2021 10:02 pm
Forum: Personal Investments
Topic: Roth Conversion Strategies
Replies: 14
Views: 2146

Re: Roth Conversion Strategies

I do a Roth conversion on Really Bad Days in the stock market such as occurred in March 2020. The amount I convert is determined by using tax-prep software to get up to the top of the tax bracket. I also make charitable contributions (bunching every other year via DAF) to increase the "space&q...
by livesoft
Sun Apr 11, 2021 8:39 pm
Forum: Personal Investments
Topic: Looking for tool to manage multiple accounts, rebalance, help with taxes and planning
Replies: 5
Views: 610

Re: Looking for tool to manage multiple accounts, rebalance, help with taxes and planning

I have multiple accounts, but most of them have no transactions in them and thus the number of shares doesn't change enough from month to month to matter. That is, manually changing the number of shares is easier than downloading the information from somewhere. I use MS Money on a laptop running MS ...
by livesoft
Sun Apr 11, 2021 3:43 pm
Forum: Personal Consumer Issues
Topic: Marantec: Are Rolling Code Garage Door Openers Really Necessary?
Replies: 9
Views: 883

Re: Marantec: Are Rolling Code Garage Door Openers Really Necessary?

My garage door makes the noise it makes even when the robotic door opener is not used. That is, almost ALL of the noise happens even when manually opening and closing the garage door. It never occurred to me to get a quieter robotic opener as I wouldn't even notice whether it was making any noise or...
by livesoft
Sun Apr 11, 2021 3:30 pm
Forum: Investing - Theory, News & General
Topic: Trading Platforms
Replies: 10
Views: 640

Re: Trading Platforms

I use thinkorswim for free, but not to place trades.

Stock trades are free for me at WellsTrade, but I only buy/sell ETFs nowadays.

I'm not sure what you mean by "agility."
by livesoft
Sun Apr 11, 2021 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7662

Re: The primary factor for picking a College/University is out of pocket cost

These recurring college threads make me wonder: Who reading this had a child or themselves admitted to HYPMS and didn't attend any of them?
by livesoft
Sun Apr 11, 2021 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7662

Re: The primary factor for picking a College/University is out of pocket cost

I thought the purpose of going to college was to meet a future spouse that would provide for you in the manner to which you are accustomed.
by livesoft
Sun Apr 11, 2021 10:46 am
Forum: Personal Consumer Issues
Topic: USPS Delivery issues
Replies: 35
Views: 2508

Re: USPS Delivery issues

... Step 2: This is the step I'm currently in. I sent the completed forms to TSP via certified mail on March 12, one month ago. As the TSP imposed deadline is fast approaching I logged on to USPS website and the letter has been sitting in Birmingham AL, which is the destination of the letter as wel...
by livesoft
Sun Apr 11, 2021 10:36 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7662

Re: The primary factor for picking a College/University is out of pocket cost

But the cost analysis is really between getting into your local flagship versus a slightly higher ranked public out of state university or your average private university. I like your thoughts. https://www.bogleheads.org/forum/viewtopic.php?p=3747005#p3747005 https://www.bogleheads.org/forum/viewto...
by livesoft
Sun Apr 11, 2021 10:25 am
Forum: Personal Finance (Not Investing)
Topic: I usually use electronic bank transfers to send money
Replies: 20
Views: 1367

Re: I usually use electronic bank transfers to send money

I have only wired money once in my life. It was not convenient to do so, but maybe times have changed.
by livesoft
Sun Apr 11, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11058

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

BlueOrange10 wrote: Sun Apr 11, 2021 10:14 amThere's this thing called the Alternative Minimum Tax...
Yes, I once had to pay AMT. It was $12.
by livesoft
Sun Apr 11, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11058

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

And don't forget large Inherited IRAs for those fortunate to receive one. Best laid plans can change if a large inherited IRA drops in for 10 years right about the time someone in their late 50s or early 60s is hoping to do Roth conversions. LOL! I would not be complaining if a large inherited IRA ...
by livesoft
Sun Apr 11, 2021 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11058

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

[....] HSAs can definitely be inherited by non-spouses. They are just fully taxable in the year in which they are inherited, so they are definitely less preferable than other tax-advantaged accounts for heirs. For those who are charitably inclined, leaving your HSA to a charity can means of 'dispos...
by livesoft
Sun Apr 11, 2021 9:54 am
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 90
Views: 8991

Re: “Buy and Hold No More” says A16Z

I think retail traders actually did outperform the market in the last 12 months. There is this BUZZ index which tracks the 75 most popular stocks on social media and this index massively outperformed the market in the last 12 months. It is interesting to check the constituents of this index. Which ...
by livesoft
Sun Apr 11, 2021 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11058

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

Yep, I shake my head at people with million dollar HSAs. Wait until they find out medicare covers all of their medical expenses and they have to pay income taxes instead of long term captain gains on millions of dollars. Who ARE these people? I read that the average HSA balance is under $3,000. htt...
by livesoft
Sun Apr 11, 2021 8:55 am
Forum: Personal Investments
Topic: my first Vanguard rebalance
Replies: 10
Views: 1237

Re: my first Vanguard rebalance

I suggest that after setting the Cost Basis Method to Specific Identification and make sure it is set that you do a simple exchange of say anywhere from $10 to $100 and see how it goes. That simple small exchange practice run will set your anxiety to rest.
by livesoft
Sun Apr 11, 2021 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11058

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

BlueOrange10 wrote: Sun Apr 11, 2021 8:24 amThe "standard deduction" for social security is actually not indexed to inflation, so more people will pay taxes on their social security each year.
So if one is making $40K from SS benefits, "tens of thousands" would be at least $20K of taxes on it. OK.
by livesoft
Sun Apr 11, 2021 8:26 am
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 90
Views: 8991

Re: “Buy and Hold No More” says A16Z

Disclaimers notwithstanding, the firm is talking its book: Andreesen Horowitz is an investor in many of these disruptive fintech companies that hope to fill the active trading role in individual portfolios. Oddly, it's also a lead investor in the new Long-Term Stock Exchange, which aims to enforce ...
by livesoft
Sun Apr 11, 2021 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11058

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

Most people don't realize your social security becomes taxed if you have too much taxable income in retirement. This can mean tens of thousands in extra taxes. Roth is a guaranteed tax savings, while traditional can go either way. Sure "tens of thousands" over many years, but not every ye...
by livesoft
Sun Apr 11, 2021 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11058

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

I read I think an older version of the book borrowed from the library and found it uninformative. I think its audience was for folks with a few million dollars in IRAs and not really for the regular Janes. The main idea I got was to make sure that one had current beneficiaries listed on one's IRAs a...
by livesoft
Sun Apr 11, 2021 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice - College selection - Premed
Replies: 51
Views: 2894

Re: Seeking advice - College selection - Premed

I suspect the student has their own top 3 choices, so please cross off all the rest. Thanks!
by livesoft
Sat Apr 10, 2021 8:10 pm
Forum: Investing - Theory, News & General
Topic: Question on International Funds...
Replies: 7
Views: 437

Re: Question on International Funds...

If I were to hypothetically recommend 20% international stock, then I would write, "I recommend that 20% of your equity holdings are international funds."