What To Do After Tax Loss Harvesting

When you harvest a tax loss, you sell fund A at a loss and buy fund B. You can't buy back fund A for 30 days, or else you create a wash sale which negates the loss you took. After you clear the 30 days, then what? Fund B Is Down If fund B is down, it's easy. You sell fund B at a loss again and buy fund A. You add to your harvested tax loss. Fund B Is Up What if fund B is up? If it's up a lot, more than the loss you took from fund A, you stay in fund B. Going back to fund A now will defeat your [...]

2016 Social Security COLA

The official announcement for 2016 Social Security cost of living adjustment (COLA) will come in October. However, for those who paid attention, it's widely anticipated that there will be no COLA in 2016. Social Security COLA goes by the increase [...]

Tax Loss Harvesting vs Rebalancing vs Doing Nothing

When stocks are down, many articles come out trying to calm people down. They typically say "don't sell" or "do nothing." Here's a recent one from James Osborne at Bason Asset: Here’s what you should probably do when stocks go down: nothing. Boring [...]

AmEx Offers: $75 back On Spending $300 With Any Airline

I browse the available AmEx Offers when I check my American Express card statement. I saw this nice offer tucked after Additional Offers & Benefits. Save On Your Air Travel Purchase Spend $300 or more, get $75 back Get a one-time $75 statement [...]

Benefits For Large Accounts At Vanguard And Fidelity

Airlines and hotels assign elite status to their customers based on how much business the customers do with them. They give you Platinum, Gold, Diamond, Executive, and other nice sounding names. You get small incentives to make you feel special, such [...]

Card-Linked Offers: AmEx Offers and BankAmeriDeals

Some credit cards offer limited-time special deals to their cardholders. "If you purchase $X from this place before this date, you will get a $Y credit on your statement." These are called card-linked offers. They are different than store-wide [...]

2016 401k 403b IRA Contribution Limits

The IRS will release the official numbers in October but due to rounding rules I can safely project what the 2016 contributions limits for various retirement plans and IRAs. Inflation is very low this year. For the most part, the limits in 2016 will [...]

Staying In Your Job After Financial Independence

The age of early retirement is coming down rapidly. There are several blogs about retiring at 40. Mr. Money Mustache famously retired at 30. Lately at least two bloggers beat MMM and retired at 25. Do I hear 20? How about 15? Last month I went to [...]

The Millionaire Next Door Misinterpreted

I read sad news a few months ago the co-author of The Millionaire Next Door book Thomas Stanley was killed by a drunk driver in a car accident. I checked out the book from the library for a refresher. After I read it this time, I see the book is [...]