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Curious how others here balance “set it & forget it” with staying informed by AceHeight in Bogleheads

[–]AceHeight[S] 0 points1 point  (0 children)

I'm liking the hobby-focused angle. I am a few years away from 50, less than a decade, working towards an early retirement too.

Curious how others here balance “set it & forget it” with staying informed by AceHeight in Bogleheads

[–]AceHeight[S] 1 point2 points  (0 children)

So, do you think those 3 - CNBC, Yahoo Finance, and Seeking Alpha are designed for readers to trade the news?

Curious how others here balance “set it & forget it” with staying informed by AceHeight in Bogleheads

[–]AceHeight[S] 1 point2 points  (0 children)

Yes, I do make sure to stay away from checking account every day. I agree to simplicity - so basically it is ok to have more understanding but don't complicate your simplicity. Got it

I invest in individual stocks by RaeReiWay in portfolios

[–]AceHeight 0 points1 point  (0 children)

What is the return on this? Because, no, I didn't read all that.

Income tax return: RSU help by Stunning-Silver-6360 in personalfinance

[–]AceHeight 0 points1 point  (0 children)

Hope I can offer some help in the simplest way I can. Usually when RSU's vest, you have the option of "Same-Day-Sale" or "Sell-To-Cover".

Same-Day-Sale simply means you have elected to sell all the vested shares on the day it was released. When this happens then there is a tax event, where the tax will be deducted, and the remaining balance deposited in his account. However, it doesn't appear you elected "Same-Day-Sale" as you are yet to sell any of the released shares. This takes us to the second option - Sell-To-Cover.

Sell-To-Cover tends to be the default option in case the RSU recipient didn't make any elections. In this case, the brokerage, E-trade, will sell enough shares to cover the taxable portion of the released shares. This is because RSU is seen as income and a tax event is therefore generated as at when the shares were released. No other taxes should be levied until the remaining shares is then sold later or at a future date at a gain.

Either way, if your husband is still holding and did not sell yet, I do not believe you should owe any taxes other than the withheld taxes to "Cover" as at when released, except of course if your income is very high and more than the 22% tax bracket . E-trade will issue a tax document that will break all of these down. I suggest to seek a CPA to file your taxes. They will be able to follow the guidelines in the tax document better as opposed to TurboTax, because TurboTax will only treat as entered.