Don’t worry if you receive a CP 214 notice from the IRS. It’s just a reminder.
Latest Blog Posts
Change Your Cost Basis Method From Average Cost To Specific Identification
Vanguard, Fidelity, and Schwab default cost basis tracking method to average cost for mutual funds. Here’s how you can change it to specific identification to minimize taxes.
Rebalancing: Sell High, Buy Higher
Rebalancing between stocks and fixed income isn’t buy low sell high. Most likely you will sell high buy higher.
IRS Guidance On Circular Reference in ACA Premium Subsidy and Deduction
The IRS provided guidance on how to solve the circular reference math problem between the premium subsidy under Obamacare and the health care premium deduction for the self-employed.
Bonds Had Good Returns: Wrong In CDs?
Bonds had surprisingly good returns in the first half of 2014. However, you are still better off in CDs.
Online Investment Management: Wealthfront, Betterment, Personal Capital
Review online investment management services by Wealthfront, Betterment, and Personal Capital. How do these compare with a target date fund from Vanguard?
Insights From How America Saves 2014
Interesting tidbits from a Vanguard report covering 3 million 401k participants. See where you stand.
Having a Mortgage and Buying Stocks On Margin
A mortgage is a negative bond. Buying stocks while having a mortgage is the same as buying stocks on margin. So is buying stocks while renting.
Is Your Home an Investment?
If you get something for free it’s the same as income only if you’d pay the cash price anyway. If you are paying up front, it’s just a different way to pay for an expense.
The Difference Between Asset And Investment
What is an asset and what is an investment? Are all assets investments? Are all investments assets? Is your home an asset or an investment or both?