Successful Portfolios LLC
President and Chief Investment Strategist
Parker Evans, CFA, CFP founded Successful Portfolios in February 2010. He is a licensed Investment Advisor Representative with 30 years of professional experience. His wealth management credentials include Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), Chartered Market Technician (CMT). Successful Portfolios helps individuals and families plan and manage personalized investment portfolios at leading online brokerages, including Charles Schwab, TD Ameritrade, and Interactive Brokers.
BA, Economics, Eckerd College
MBA, Finance, Nova Southeastern University
Assets Under Management:
Successful Portfolios Form ADV Part 2 Brochure is available on the SEC Investment Advisor Disclosure website: www.adviserinfo.sec.gov, Firm CRD# 152429.
If you own Bitcoin and sell it, you owe income taxes on any gain. Refer to IRS Notice 2014-21.
No, all bank accounts are not insured by FDIC.
There is a $250,000 limit per customer per bank on FDIC insurance.
Overseas bank accounts are not insured by FDIC, including accounts offered by US-based bank holding companies.
Investment brokerage accounts offered by banks are Not FDIC Insured.
Banks and bank holding companies issue subordinated capital and other securities that are Not FDIC Insured.
For the 2019 tax year, the 12% tax bracket for a single taxpayer ends at $39,475 and the standard deduction is $12,200. So, making some simplifying assumptions, you'll need to keep your taxable income, including your Roth conversion, below $51,675 ($39,475 + $12,200).
Keep in mind your Social Security is at most partially taxed. Also, there are tax preferences on long-term capital gains and qualified dividend income, which mean you might only be in a 15% marginal tax bracket when your taxable income somewhat exceeds $51,675.
Below is a link to a free online tax estimator that I recommend to better model the effect of Roth conversions on your marginal tax bracket.
When you're assigned on a call option, your broker must provide you with a sell confirmation that includes the trade date. You may need to ask the broker for the time of day. Know that the Options Clearing Corp (OCC) has a standard set of procedures for allocating option assignments, ostensibly to ensure fairness to all market participants.
A good start would be to find the stock's BETA coefficient, a key input in the Capital Asset Pricing Model (CAPM). Another data point to consider is the stock's Consensus Analyst One-Year Price Target. Both are available in a Yahoo Finance quote.
Either way, you should consider a stock's correlation with the other stocks in your portfolio. A stock's expected return is just one piece in of the puzzle.