saewr

If someone is born handicapped do they need to come out?

Aren’t bisexual born just like gays are?

Why do gays need to come out if they claim to be born that way?

My wife in January 1, 2013 opened an HSA account with her employer administration, the employer deposited around $1000 to start the account and from my wife payroll she contributed with a weekly pre-tax money into her HSA account.

June 2014, she lost her employment but her employer medical insurance expired January 9, 2015, we decided to enroll with Cobra for an additional 18 months for the exact medical coverage.

The HSA account is under her name, I am the beneficiary, our Cobra insurance is for a family of 4.

We are currently over 55 and unemployed, in August 2014 a $300 post-tax deposit in the HSA account and in January 2015 an additional $2000 applied to the 2014 year, without going over the 2014 limit.

My questions:

1. Since we are covered by Cobra, a qualified HDHC for HSA, can I open my own HSA account?

2. After 18 months, we may need to get a different insurance that may not be an HDHC, would we be able to make After-tax contributions to the HSA account?

3. Cobra Payments can be paid from an HSA account, for tax purpose, would it be better to contribute $1500 to an HSA account and then pay the insurance premium from the HSA distribution instead of sending the money directly to the insurance?

Thank you in advance.

Having some money, I like to invest 60% in stocks (VITSX, VIIISX, VSCPX) 2 Large Blend and 1 small blend, and 40% in bond (VBTIX)

Since there is only one Bond, VBTIX, I know I need to allocate 40% of the investment this fund.

How would you allocate the 60% among the 3 Stock funds?

Would you just equally allocate 20% 20% 20% or would you allocate more in one fund than the other.

Could anyone explain how you would allocate them and why?

A Mutual fund shows it’s holding to be invested 95.00% in US Equity and 5.00% in International Equity

Is there a website or a way to find out what percentage of the 95.00% is

invested in Growth, Core and Value stocks?

Example: invest $10,000 in a fund, prospect states:

Front Load = 4%

12b-1 fee = .25%

Net Admin exp = 2%

Current share price = $20.00

$10,000 – 4% = $9,600 / $20. = 480.00 shares purchased

14 months later share price = $25

480.00 * $25. = $12,000 sold fund with a gain of $2,400

If I purchased such a fund, I understand how the front/exit load works

What I don’t understand is how 12b-1 and Net Admin fee is affecting account value?

Thank you in advance.

Bought a mutual fund in January 3, 2014 with 100k

At year end this is what the fund numbers are:

Market Value: $92304

Cost Basis: $99596

Cash: $5324

Portfolio value: $97628, includes Market value + Cash

Portfolio Cost: $104920, Includes Purchase cost + reinvested Dividends

Total Dividends: $6330

Could anyone please explain with example how and what numbers do I use to figure out my real loss before tax in this fund?

Would it be $97628 – 100k = -2372 or

97628 – 104920 = -7292

Or am I completely off?

Thank you in advance.

As an example, if I invest $10,000 in 2 funds, exclude front end, 12b1, deferred sales fees and tax on gain.

Net .25% fee Vanguard NAV $25.00 per share 5000 / 25 = 200 shares

Net .75% fee Fidelity NAV $25.00 per share 5000/25 = 200 shares

3 months and the NAV is up equally in both funds to $25

6 months later I sell at $30, no dividends

Sell Vanguard 200 shares = $6000

Sell Fidelity 200 shares = $6000

If the fee reduces the NAV each day then the fund was bought with the fee taken and sold with the fee taken, the gain or loss at the end would still be the same.

Why would Vanguard be better than Fidelity if the return is the same for the same period?

Since there are no 2 funds with the same exact investment to do a comparison, how is the fee impacting my fund?

A brief explanation with some sample would be appreciated.

PONAX holding are listed as follow:

US Short Stock: 0, US Long Stock: 0, Int Short Stock: 0, Int Long Stock: 0

US Short Bond: 15.37%, US Long Bond: 102.14%, Int Short Bond: 0, Int Long Bond: 23.46%

Short Cash: 56.78%, Long Cash: 38%, Unknown: 8.74%

As an example investing $10,000 in PONAX the distribution would be:

$10,000 X 0% = $0 in stock

$10,000 X 15.37% = $1537 in US Short bond

$10,000 X 102.14% = $10,214 in US Long Bond

$10,000 X 23.46% = $2346 in Int Long Bond

Etc…. etc….

How is it possible to have (15.37% + 102.14%) 117.51% invested in Bond?

I looked on the net for an answer and I came up empty handed, could anyone shed some light on the process by example

Thank you in advance.

In June 2014, I was let go from my previous employer, the condition of my unemployment included a year salary paid in a lump sum and 6 months medical insurance at my expense.

At 61 years old finding a job is virtually impossible and my insurance from the previous employer will expire Mid-January.

1…. Income for 2014 is 6 months of salary and a full year pay plus any interest and some dividends.

2…. Income for 2015 will only be interest and dividends, hard to know exactly how much it will be.

When I looked into Covered California insurance aka Obamacare, one of the question they ask is “What is your total income for the year?”

I am confused, are they asking for 2014 income or 2015?

Should I answer with Income 1…. or Income 2….

Thank you in advance!

Bought mutual fund for $10,000

Got $1,000 in dividend and reinvested it

Sold the fund for $12,000

What is my ROI ?

(12-10)/10 = 20% Sale - Cost / Cost

Or (12-(10+1))/10 = 10% (Sale - (cost+div)) / Cost

Or (12-10)/(10+1)= 18% (sale - Cost) / (cost+div)

Or (12-(10+1))/(10+1) = 9% (sale - (cost+div)) / (cost+div)

The Portfolio is not an IRA or 401k, it was purchased with after tax money from JPMorgan as an investor portfolio, and in 2013 the portfolio generated dividend reinvested dividends of $3,400.00.

In 2014 tax time, The JPMorgan W-2 form included these dividends but not the $1,300.00 fee directly removed from my account balance to manage the account, I included the dividends in my income and due taxes were paid, however I didn’t put the fees in the miscellaneous deduction subject to the 2%, I am not sure if I can.

I opened the account with $100,000.00 in July 2013 and so far since January 2014, the account has reinvested an additional $941.00 in dividends and incurred a $1,300.00 in maintenance fee with a balance of the account at $105,000.00.

I am planning to close the account soon, the Bank advisor tells me that upon closing the account I should be getting close to the ending balance after all trade settles and that I should be making close to $5,000.00 gain or a 5% return, but as confusing as it is with dividends and fees, I am not sure that is the truth.

I know that in 2015 tax-time I will need to pay tax on the dividends and also tax on the gain, but what about the fees?

Can I deduct them since it was fees paid to produce the taxable income?

I am trying to calculate my return in a $100,000.00 investment in a managed fund with J.P.Morgan 2 years ago.

Fund value: $109,777.97

Fund cost: $101.488.07 (includes reinvested dividends of $4359.85 less fees of $2,591.10)

Calculating returns:

$109,777.97 - $101,488.07 = $8,289.90 Gain or 8.17%

By the formula ($8,289.9/730 Days*365 days)/$101,488.07 = 4.08%

Fund returned 8.17% for 2 years or 4.08% average per year before tax?

Am I correct?

I bought a Managed mutual fund with J.P. Morgan with a $100,000.00.

The expense on the fund are 1.6%(.4% of the portfolio value per quarter)

In filing my Income tax, I am not sure if I should declare the well over $1,700.00 fees taken from the fund as a deduction, investment expenses or anything else.

I consulted with at least 4 tax preparation companies and ask I should expense it and I got 4 different answers.

Some said I can't deduct the fees because it was paid to a corporation and not an individual, other that I should deduct them as expense simply because all fees are deductible, and other that the fees will be subtracted from the mutual fund portfolio value when I cash out and reduce my gain

Portfolio value = 103,500.00

Starting capital = 100,000.00

Dividends = 1,300.00

Fees = 1,700.00

Portfolio value - starting capital - dividends - fees =$500.00

I would pay tax only on $500.00 and not on

Portfolio value - starting capital - dividends =$2,200.00

I am sure someone out there has or had a Managed mutual fund with either J.P. Morgan or another large institution and likes to share how they resolved it.

Any help is greatly appreciated.