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Old 11-27-2019, 10:00 AM   #41
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I was looking at the history on my FIDO accounts. Their profit distributions were around 12/8 of every year.
They pay distributions on Fridays, starting with the last Friday in November. Most funds pay out one of the first two Fridays in December. And there are a few paying on later Fridays.
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Old 11-27-2019, 12:37 PM   #42
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Originally Posted by audreyh1 View Post
Gabelli Funds - https://gabelli.com/funds/open_divest2019

GABSX is paying out an 18% distribution!
I have GABSX and it screwed my estimated income for 2019. Got shocked when I saw how much year end distributions they gave out. Looks like it will jeopardized my Obamacare subsidy. Hoping it will not, depending on my other funds year end distributions for 2019. Going to be really close to avoid the cliff.
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Old 11-27-2019, 06:05 PM   #43
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Originally Posted by jesaco View Post
I have GABSX and it screwed my estimated income for 2019. Got shocked when I saw how much year end distributions they gave out. Looks like it will jeopardized my Obamacare subsidy. Hoping it will not, depending on my other funds year end distributions for 2019. Going to be really close to avoid the cliff.
Have a plan B in place if you go over the subsidy cliff- either realize cap gains to the 0% threshold (the tax saved will ease the pain of losing the subsidy) and/or do a ROTH conversion.

A couple of years ago, I bit the bullet and sold all the shares in an active fund that behaved much like yours. The relevant index fund matched its performance & distributed a lot - a lot - less.
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Old 11-27-2019, 06:37 PM   #44
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I have GABSX and it screwed my estimated income for 2019. Got shocked when I saw how much year end distributions they gave out. Looks like it will jeopardized my Obamacare subsidy. Hoping it will not, depending on my other funds year end distributions for 2019. Going to be really close to avoid the cliff.
Yeah - that was a shocker. Way more than they have paid out in previous years.

I track my mutual funds in terms of % distributions paid out every year and I put a bullseye on the bad actors and do what I can to get rid of them, keeping an eye on the taxes. I was able to get rid of several last year with minimal tax consequences due to the market selloff. Proceeds go to index funds.

My unrealized gain in GABSX is still very high. But it's in trouble with me!
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Old 11-27-2019, 06:42 PM   #45
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They pay distributions on Fridays, starting with the last Friday in November. Most funds pay out one of the first two Fridays in December. And there are a few paying on later Fridays.
Fido has published the distributions.

https://www.fidelity.com/mutual-fund...?table=actuals
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Old 11-27-2019, 06:48 PM   #46
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Fido has published the distributions.

https://www.fidelity.com/mutual-fund...?table=actuals
Yes - links for the estimated were posted very early in this thread as it's been available for a while.

That's the link to the distributions that have already been paid YTD. So click on Estimated Capital Gains to get the upcoming 2019 estimates and dates.
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Old 11-28-2019, 06:57 AM   #47
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Happy Thanksgiving everyone!

FWIW, T. Rowe Price has updated their YE distribution numbers last night, per usual.

About a 5% increase on dividends and CGs for me vs what they reported earlier this month.
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Old 11-28-2019, 09:41 AM   #48
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We have a lot of house-related expenses, so we'll take it.

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Originally Posted by marko View Post

FWIW, T. Rowe Price has updated their YE distribution numbers last night, per usual.

About a 5% increase on dividends and CGs for me vs what they reported earlier this month.
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Old 11-28-2019, 09:47 AM   #49
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I plan to check next week. Last year quite a few fund families raised their estimates.
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Old 11-28-2019, 02:36 PM   #50
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VG Wellington gains estimate shows it dropping from $4.17 last year to $1.61 this year?

Just my luck it was really high for the years I was trying to get an ACA subsidy - throwing me off the cliff.

Can someone direct me to threads discussing how to manage taxable accounts? I haven't mastered searching the various forums.

May be time to move away from VWENX.
(My current income all comes from rental properties, a CRT and the VWENX dividends/gains)
To fight against VG Wellington high CC and gains I sold it and replaced with index VTI + bonds, same performance low distributions
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Old 11-28-2019, 03:39 PM   #51
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To fight against VG Wellington high CC and gains I sold it and replaced with index VTI + bonds, same performance low distributions
I would like to do something similar but the challenge for me is that my VG Wellington holdings in my taxable accounts are now comprised of almost 50% capital gains. Cashing that out in order to convert to another fund would result in some really high numbers in terms of realized capital gains.

Unless there is a way to convert without having to claim the realized gain?
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Old 11-28-2019, 03:43 PM   #52
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I would like to do something similar but the challenge for me is that my VG Wellington holdings in my taxable accounts are now comprised of almost 50% capital gains. Cashing that out in order to convert to another fund would result in some really high numbers in terms of realized capital gains.

Unless there is a way to convert without having to claim the realized gain?
Unfortunately the answer is - no

Take a closer look at how much you are talking about in exact numbers.

I got ~$20K in tax liability this year because of this, but feel I had to do it ...
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Old 11-28-2019, 03:57 PM   #53
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Unfortunately the answer is - no

Take a closer look at how much you are talking about in exact numbers.

I got ~$20K in tax liability this year because of this, but feel I had to do it ...
Looking at my VG account now. I overestimated the actual percentage but it's still considerable.

It says my cost basis for this fund is $516K and the capital gain (Short/Long) is $121K
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Old 11-28-2019, 04:07 PM   #54
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Looking at my VG account now. I overestimated the actual percentage but it's still considerable.

It says my cost basis for this fund is $516K and the capital gain (Short/Long) is $121K
I can't suggest you to sell and pay taxes, it's painful and up to you.

But you are looking at ~$20-30K in distributions every year (maybe even more) !

Maybe you can do it in stages, say over 4 years

Also if you have loses you can offset gains
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Old 11-28-2019, 10:51 PM   #55
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Looking at my VG account now. I overestimated the actual percentage but it's still considerable.

It says my cost basis for this fund is $516K and the capital gain (Short/Long) is $121K
Well that’s not nearly so bad.

If the fund keeps paying large distributions, then your unrealized gains will drop.
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Old 11-29-2019, 07:20 AM   #56
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Have a plan B in place if you go over the subsidy cliff- either realize cap gains to the 0% threshold (the tax saved will ease the pain of losing the subsidy) and/or do a ROTH conversion.

A couple of years ago, I bit the bullet and sold all the shares in an active fund that behaved much like yours. The relevant index fund matched its performance & distributed a lot - a lot - less.
Thanks, Good advice. I will make an another estimate again 2nd or 3rd week of December. That time, I will have a better or more accurate year end income projection (since my wife works part time and income varies and distributions from Vanguard will be final on Dec 10). If I fall of the cliff with my ACA subsidy, I might as well take the hit and I sell some wellington and GABSX and move to more tax efficient funds. I can sell enough to
have LT gains but still manage to get below the 15% tax rate threshold to avoid paying taxes on these gains.
any opinions or comments on this strategy is greatly appreciated.
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Old 11-29-2019, 10:55 AM   #57
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Well that’s not nearly so bad.

If the fund keeps paying large distributions, then your unrealized gains will drop.
Ah! I had not considered that.
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Old 12-02-2019, 07:57 PM   #58
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Several Fido funds announced distributions today. Others go on the 6th, 13th, 20th, 26th, 27th, and 30th. How many and from which type(s) of funds vary a lot by day.
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Old 12-02-2019, 09:59 PM   #59
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Yeah - Fidelity bond funds. The rest are on Fridays in Dec.
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Old 12-03-2019, 07:56 AM   #60
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I checked Vanguard 4Q estimates over actuals last year. VTSAX came in about 10% higher than estimates. VTIAX was about 5% over. I don't think I'm even going to pay attention to them this year, because there's no action I can take on them. I'll wait for the actual numbers to come out. Then I'll have to multiply the total year of VTIAX because you only know the after taxes distributed amount. The foreign tax is not included in the distribution, but counts as 1099 income. You can get the foreign tax back as a credit, but that's after MAGI is calculated.
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