VIRTUAL TOUR
Even if you can’t make it to one of the tour stops you can still get help. There’s free basic advice on savings and financial planning available via the Virtual Tour option. You even have the opportunity to submit a question* to a Fee-Only financial advisor.
Check back to see if your question has been answered. Keep in mind that we are receiving hundreds of questions and are committed to answering all of them, but we cannot guarantee every question will be answered. Please don’t include any personal or confidential information, your question and answer may be made public so that others can learn.
------------
Q: Reading your answer to a question involving the Roth Ira, you responded " The rules on wash sales (selling a stock at a loss and repurchasing it) have been tighten up to clearly include mutual funds and retirement accounts. To avoid the wash sales issues you have to wait 31 days to repurchase the same security. You can repurchase another international mutual fund immediately." Wash sales do not exist in Roth IRAs as the taxes are already paid, no deduction into the Roth, no taxes on the earnings, am I safe to assume no need to worry about a wash sale in a Roth IRA?
Q: I've noticed that most investment articles and advisors on TV are recommending owning dividend paying stocks for these tough economic conditions. The idea being to get paid something while waiting for things to improve. What mutual funds have an above average yield and a good track record?
Q: My husband and I currently max out our Roth IRA contributions annually. In addition, we put $50/mo into both Vanguard Small Cap Value Index & Vanguard Mid-cap Index taxable accounts. We also put $100/mo into Dodge & Cox International in a taxable account. I also participate in a 457 plan through my employer, putting $400/mo into Vanguard Target 2030 fund. Given what has happened with Dodge & Cox International, should I sell that prior to year end, to avoid capital gains distributions and increase my 457 contribution monthly? (Dodge & Cox International is one of my options for funds.)
Page 1 of 6
*Responses are based exclusively upon the limited information provided, and without consideration of other facts and circumstances that may be relevant to the issues presented. Moreover, due to various factors, including changes in your personal financial situation, investment objectives, applicable laws, and/ or market conditions, the above response is subject to change without notice to you. Please also remember that: (1) past performance may not be indicative of future results; (2) different types of investments involve varying degrees of risk; and, (3) there can be no assurance that the future performance of any specific investment or investment strategy will be profitable, equal any historical performance level(s), or be appropriate for your personal situation or investment portfolio. Finally, you should not assume that the above response serves as the receipt of, or as a substitute for, comprehensive personalized advice from the author. To the extent that you desire a more comprehensive review/response or have any other questions regarding your specific issues and/or the above response, you are encouraged to consult with the professional advisor of your choosing.