Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Year end investment moves?
Old 12-21-2014, 04:30 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Oct 2012
Location: Colorado Mountains
Posts: 2,132
Year end investment moves?

I cashed in all my Savings Bonds and took a distribution from my 401(k). How about you?

This was my first full year of retirement and the first year my income was low enough to take advantage of the Savings Bonds Education Credit. It is also (hopefully) the last year I am going to pay for DS's tuition. I also took a distribution from the 401(k) to bump the income up to just under the level allowed for doing the education credit. Next year I will bump my income to just under the break point for Medicare. With pension and SS I cannot get below the 25% tax bracket.

This was my first withdrawal from retirement savings. Total savings withdrawal under 2%. Putting extra cash into house building fund to cover possible overages.
__________________

__________________
Hermit is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-21-2014, 05:54 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: Following the nice weather
Posts: 6,418
Just going to do my annual Roth conversion. We had more income this year so I may end up recharacterizing it, but I'd rather do it and then have to undo it than to miss the opportunity.
__________________

__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Will Rogers, or maybe Sam Clemens
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply With Quote
Old 12-21-2014, 05:58 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,871
I fully funded my HSA and Roth. Retired, and DW only works another year and a half, so I want to stash as much as possible in the Roth as I can. Medicare in 3 years, so ditto on the HSA.
__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 12-21-2014, 06:31 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
I was a dummy and didn't fund an HSA till this year - managed to take advantage of the 10 months I could fund prior to turning 65. Did fund a full year for the gal and will fund her last 4 months next year. Sold all the International fund we bought this year at a loss and bought the oh-so-similar-but-not-the-same ETF VEU - just in time for it to bump up in price after our purchase. For a whole couple days I got credit for sagacious stock marketeering. My thanks to the ER members who weighed in on that - and you will forgive me for not crediting you as I basked oh-so-briefly at home.
__________________
calmloki is offline   Reply With Quote
Old 12-21-2014, 09:55 PM   #5
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,077
Once I got TT 2014 I entered all my income to date for the year to get an accurate tax estimate and then did another ROTH conversion.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 12-21-2014, 10:39 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: Following the nice weather
Posts: 6,418
Yeah, I should probably do that too.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Will Rogers, or maybe Sam Clemens
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply With Quote
Old 12-22-2014, 08:35 AM   #7
Full time employment: Posting here.
 
Join Date: Jan 2008
Posts: 882
Will do a ROTH conversion as soon as I finish my pro-forma tax return.
__________________
jebmke is offline   Reply With Quote
Old 12-22-2014, 09:17 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,403
+1 Beginning in October, I make our annual HSA contributions and start a running pro forma tax return and update it periodically as new info comes in. In December, I update it and rebalance to bring my cash balance back up to target and then I know my capital gains for the year (my taxable account investments do not make capital gain distributions). After my taxable account investments pay their year-end distributions (which happened last week) I update again and determine what my Roth conversion will be and my 4Q2014 estimated federal and state tax payments. I do just enough of a Roth conversion to get to the top of the 15% bracket.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is online now   Reply With Quote
Old 12-22-2014, 09:51 AM   #9
Thinks s/he gets paid by the post
RockyMtn's Avatar
 
Join Date: Jul 2009
Location: North Scottsdale
Posts: 1,229
Was wondering if this makes sense?

Today was Div/CG ex date for a number of my ETF's. Others were last week. I take all Div and CG's in cash as that becomes my $$$ for living expenses next year.

As a result of the distributions and corresponding dilution/drop in the share price of those ETF's a couple of them (primarily some International ETF's I bought this year) are now in a loss position.

I'm wondering if I should sell those funds and book the loss to offset some other CG's I had during the year? I would reinvest the funds in other funds that would avoid wash sale rules.

Am I missing something?
__________________
FIRE'D in July 2009 at 51...Never look back!
RockyMtn is offline   Reply With Quote
Old 12-22-2014, 10:08 AM   #10
Full time employment: Posting here.
 
Join Date: Apr 2006
Posts: 925
Quote:
Originally Posted by RockyMtn View Post
Was wondering if this makes sense?

Today was Div/CG ex date for a number of my ETF's. Others were last week. I take all Div and CG's in cash as that becomes my $$$ for living expenses next year.

As a result of the distributions and corresponding dilution/drop in the share price of those ETF's a couple of them (primarily some International ETF's I bought this year) are now in a loss position.

I'm wondering if I should sell those funds and book the loss to offset some other CG's I had during the year? I would reinvest the funds in other funds that would avoid wash sale rules.

Am I missing something?
I hope you are not missing anything since this is the last bit of year end maneuvering that I have planned as well.
__________________
If there's one thing in my life that's missing; It's the time I spend alone
Sailing on the cool and bright clear waters; There's lots of those friendly people
Showin me ways to go; And I never want to lose your inspiration
CoolChange is online now   Reply With Quote
Old 12-22-2014, 11:16 AM   #11
Full time employment: Posting here.
 
Join Date: Nov 2008
Posts: 728
After so many good years without a correction I don't have many losers. I did sell some international mutual funds but that was it. Up until know I've been reivesting dividends and bond interest but I've switched them to go into my mm account. that way I'll have some cash to buy index funds when we have a correction......which will come someday. I don't try to time the market but I made a lot of money bacause I had cash in 2008/2009 and bought heavily into the market at that time. Today, very little cash.......so I'm trying to get ready for a correction. And, if 2015 is another good year, I'm still invested.
__________________
jerome len is offline   Reply With Quote
Old 12-22-2014, 12:55 PM   #12
Thinks s/he gets paid by the post
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Citizen of Texas
Posts: 2,465
I'll withdrawn enough out of my IRA's to take "us" to the top of the 15% tax bracket.
__________________
Car-Guy is online now   Reply With Quote
Old 12-22-2014, 04:25 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,403
This thread motivated me to do my annual Roth conversions and estimated tax payment today so I can enjoy the holidays without that minor task hanging out there.
__________________

__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The CAVS are makin' moves!!! So excited thefed Other topics 17 05-19-2008 01:26 AM
Buffet moves ahead of Gates chinaco FIRE and Money 6 03-06-2008 05:43 PM
Nine Dumb Moves mickeyd FIRE and Money 13 10-17-2007 11:02 PM
Vanguard Funds' take on energy moves justin FIRE and Money 0 09-01-2005 11:07 AM
Foreign Exchange Moves- how do you deal with them? Saver FIRE and Money 18 08-30-2004 04:13 PM

 

 
All times are GMT -6. The time now is 03:12 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.