Search found 222 matches

by Pigeye Brewster
Sat Nov 10, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Index Fund Admiral Shares Question
Replies: 21
Views: 2071

Re: Vanguard Index Fund Admiral Shares Question

Past returns are not a guarantee of future returns, BUT...

10 year average annual returns as of 10/31/2018:
VFIAX = 13.22%
VTSAX = 13.40%

5 year average annual returns as of 10/31/2018:
VFIAX = 11.30%
VTSAX = 10.78%

Not a large difference. Both VFIAX and VTSAX are excellent choices.
by Pigeye Brewster
Sat Nov 10, 2018 8:37 pm
Forum: Investing - Theory, News & General
Topic: Take taxes into account when rebalancing?
Replies: 44
Views: 2111

Re: Take taxes into account when rebalancing?

Earlier this year, I started calculating my tax-adjusted asset allocation to assist in my asset placement decision making. For me, the difference between nominal and tax-adjusted allocation is not very significant. Current equity is 61% nominal versus 63% tax-adjusted.
by Pigeye Brewster
Wed Nov 07, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: DAF - Vanguard or Fidelity? (donor advised fund)
Replies: 26
Views: 1559

Re: DAF - Vanguard or Fidelity? (donor advised fund)

A significant distinction between the two DAFs, and one that I've not seen mentioned in this thread, is the minimum size of the grant to a charity. The Fidelity DAF will distribute as little as $50, while Vanguard Charitable requires $500 or more. $500 eliminates a LOT of small "spontaneous" donati...
by Pigeye Brewster
Tue Nov 06, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: DAF - Vanguard or Fidelity? (donor advised fund)
Replies: 26
Views: 1559

Re: DAF - Vanguard or Fidelity? (donor advised fund)

OP here.. I went ahead and opened the DAF at Fidelity and have a few final questions for those who have transferred vanguard funds shares to their Fidelity DAF. ... Yes . . . However, it has been my experience that Vanguard is challenged by keeping track of the right lots. It's good, but not great....
by Pigeye Brewster
Fri Nov 02, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Is an MBA worth it these days?
Replies: 53
Views: 6257

Re: Is an MBA worth it these days?

Some random comments based on having an MBA from one of the schools (SMU, UT, Rice) mentioned by the OP, albeit a long time ago, and a CFA (mentioned by some others as an alternative), also a long time ago. The schools mentioned by the OP are all excellent, though not top 10. Probably top 20, though...
by Pigeye Brewster
Fri Nov 02, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: DAF - Vanguard or Fidelity? (donor advised fund)
Replies: 26
Views: 1559

Re: DAF - Vanguard or Fidelity? (donor advised fund)

I'm planning on starting a Fidelity DAF because of the minimums and I find the $100 annual fee reasonable. How do you arrange actually paying charities from the Fidelity DAF? I'm sure you can set up recurring things , but what about more spontaneous giving or one-time donations . Do you get a check...
by Pigeye Brewster
Fri Nov 02, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA - Bonds or Equities
Replies: 13
Views: 1228

Re: ROTH IRA - Bonds or Equities

100% VTSAX for both Roth IRA (his and hers) and mega backdoor Roth 401(k) (his).
by Pigeye Brewster
Thu Nov 01, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: DAF - Vanguard or Fidelity? (donor advised fund)
Replies: 26
Views: 1559

Re: DAF - Vanguard or Fidelity? (donor advised fund)

I'm planning on starting a Fidelity DAF because of the minimums and I find the $100 annual fee reasonable. How do you arrange actually paying charities from the Fidelity DAF? I'm sure you can set up recurring things , but what about more spontaneous giving or one-time donations . Do you get a check...
by Pigeye Brewster
Wed Oct 31, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: DAF - Vanguard or Fidelity? (donor advised fund)
Replies: 26
Views: 1559

Re: DAF - Vanguard or Fidelity? (donor advised fund)

Thank you all for the feedback. Clearly there is a lot of love for the Fidelity DAF here (and that is where I am leaning as well for all the reasons listed). I'm another who chose Fidelity because of the lower minimums. 1) Can I directly transfer Vanguard mutual fund shares (Admiral class) from VG ...
by Pigeye Brewster
Wed Oct 31, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: DAF - Vanguard or Fidelity? (donor advised fund)
Replies: 26
Views: 1559

Re: DAF - Vanguard or Fidelity? (donor advised fund)

I'm another who chose Fidelity because of the lower minimums. 1) Can I directly transfer Vanguard mutual fund shares (Admiral class) from VG to Fidelity DAF or do they have to be converted to ETFs first? This is exactly what I did. Fidelity DAF has a "Letter of Instruction" form that allows you to l...
by Pigeye Brewster
Sat Oct 27, 2018 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Recording Admiral Share Conversion - Microsoft Money
Replies: 1
Views: 189

Re: Recording Admiral Share Conversion - Microsoft Money

Hello Forum I am struggling how to record an admiral share conversion in Microsoft Money that will allow me to continue tracking my cost basis /gains since I have been recording my initial investment in Money. For example on 11/30/17 my VWEHX funds were converted 1 for 1 to VWEAX. If I follow the r...
by Pigeye Brewster
Thu Oct 18, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to company that allows Mega Backdoor Roth Conversion - Any prep needed?
Replies: 21
Views: 1503

Re: Moving to company that allows Mega Backdoor Roth Conversion - Any prep needed?

pyld76 wrote:
Tue Oct 16, 2018 8:43 pm
Be wary if you are an HCE and it isn’t a safe harbor plan.
Be wary if you are an HCE even if it's a safe harbor plan. After-tax contributions are subject to ACP testing regardless of safe harbor plan status.
by Pigeye Brewster
Fri Oct 12, 2018 9:00 pm
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 68
Views: 3987

Re: Anyone here major in Economics in college?

Just one thought/observation from my years in business (not in finance, but worked closely with them): accounting is super important. If she could major in economics, maybe minor in accounting (even better, get CPA) I think she could write her ticket. Economics (my view) is pretty theoretical/conce...
by Pigeye Brewster
Fri Oct 12, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 70
Views: 5073

Re: Is it worth filing FAFSA even if you know you'll get nothing?

White Coat Investor wrote:
Fri Oct 12, 2018 4:45 pm
Some schools make you fill it out even to be eligible for merit based scholarships.
My son's college gave $1K in aid for filling out FAFSA.

I recall being shocked at how high our calculated EFC was.
by Pigeye Brewster
Fri Oct 12, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Adjusting Roth contributions - income above limit
Replies: 23
Views: 1013

Re: Adjusting Roth contributions - income above limit

janelane wrote:
Fri Oct 12, 2018 1:56 pm
Confirmed last night; they'll accept the rollover
Excellent. You're good to go... :beer
by Pigeye Brewster
Fri Oct 12, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Adjusting Roth contributions - income above limit
Replies: 23
Views: 1013

Re: Adjusting Roth contributions - income above limit

I have a dumb follow-up question :) I'm planning to rollover the funds in my Trad IRA to my 401k. I will then recharacterize my roth contributions for this year. Do I need to close the Trad IRA account and open a new Trad IRA account after my rollover, but before recharacterizing my roth contributi...
by Pigeye Brewster
Wed Oct 10, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: Route-66 trip recommendations
Replies: 39
Views: 2269

Re: Route-66 trip recommendations

As noted, Nat King Cole popularized it and the Rolling Stones (and many others) covered it. But Bobby Troup deserves a mention, as he was the genius who wrote this classic. Here's how he advised you to "travel my way, take the byway, that's the best" - "You'll go through Saint Louis, Joplin, Missour...
by Pigeye Brewster
Mon Oct 08, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: What tools do you use to track your finances?
Replies: 50
Views: 3909

Re: What tools do you use to track your finances?

MS Money Sunset Edition to track transactions.

Excel spreadsheet to monitor asset allocation, both by account and in aggregate.
by Pigeye Brewster
Wed Oct 03, 2018 3:33 pm
Forum: Personal Consumer Issues
Topic: Remember traveler's checks? How to cash a forgotten stash
Replies: 29
Views: 3506

Re: Remember traveler's checks? How to cash a forgotten stash

Kenkat wrote:
Wed Oct 03, 2018 3:14 pm
Karl Malden is still accepting them I hear.
OP said they are Visa brand. Karl Malden's an AMEX guy. :beer
by Pigeye Brewster
Sat Sep 29, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group
Replies: 45
Views: 8003

Re: Fidelity Private Client Group

I logged into my account, which is coded "Private Client Group," and tried to find a description of the Group. I know it used to be there, but I couldn't find it. One link seemed to mistakenly direct me to Wealth Management. I spent more time perusing the Fidelity site and also Googling. I think th...
by Pigeye Brewster
Tue Sep 25, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Someone stole my check from the mail, changed the amount, and deposited it
Replies: 61
Views: 7922

Re: Someone stole my check from the mail, changed the amount, and deposited it

I still have to write a number of checks, more than you all apparently. It's at least 1-2 per month. Clark Howard has discussed this fishing before. I need to get a gel pen. Why ? You can send a bank check via online bill payment to anyone anywhere ? As I said before, the check is printed not handw...
by Pigeye Brewster
Tue Sep 25, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: VSUXX vs VMMXX vs VMFXX vs Money Market (FDIC insured)
Replies: 23
Views: 3929

Re: VSUXX vs VMMXX vs VMFXX vs Money Market (FDIC insured)

- VSUXX , being a treasury fund, is only taxable at the federal level. Can people point me to where VUSXX (Vanguard US Treasury Money Market) is documented to be taxable only at the federal level? I found tangential references to this on bogleheads.org but tried to look for something definitive onl...
by Pigeye Brewster
Fri Sep 21, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: What is the process for Trustee to sell house?
Replies: 11
Views: 732

Re: What is the process for Trustee to sell house?

Based on my experience in CA, as successor Trustee, I followed the process you described. Have you checked with the beneficiaries to ensure that none of them want to buy the house from the other heirs? Trustee' here in CA usually convey title via a Quitclaim Deed or Grant Deed. I would consult with...
by Pigeye Brewster
Thu Sep 20, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Automated Roth in plan conversions better than Mega Backdoor to Roth IRA?
Replies: 7
Views: 586

Re: Automated Roth in plan conversions better than Mega Backdoor to Roth IRA?

Hi all, I've been mulling doing a mega backdoor Roth for awhile (https://www.bogleheads.org/forum/viewtopic.php?f=1&t=257494&p=4088813#p4088813). I'm one of the lucky ones who's 401k plans include after-tax contributions, in-service transfers, no fees on transfers, and no limit on transfers. Today ...
by Pigeye Brewster
Thu Sep 13, 2018 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: What are 401k after-tax contributions?
Replies: 23
Views: 2274

Re: What are 401k after-tax contributions?

Following up here. I called Vanguard, my 401(k) provider and they said there are no fees for in service after tax withdrawals and they can be done as many times as desired. I'm thinking biweekly is too often. What is the consensus here for those that do this? A question about strategy on this. In o...
by Pigeye Brewster
Wed Sep 12, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 76
Views: 11252

Re: Umbrella Policy: Right amount for $7 mil net worth?

I was under the impression that most states(mine does) have laws that protect retirement accts and erisa pensions, along with homes and vehicles. Unless you have substantial tax paid accts and/or luxury toys, why should you be concerned about umbrella policies? Is this a case of being over-insured?...
by Pigeye Brewster
Tue Sep 11, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9957

Re: What will you do when you find you have more money than expected?

There is no one answer to how much and when to gift to kids. I'm beginning to believe that insight. :happy My elder son went to a private college and costed us a lot of money. My younger son goes to a state university. We saved the difference in a Fidelity account and invested. This money is earmar...
by Pigeye Brewster
Tue Sep 11, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Medallion Signature guarantee?
Replies: 28
Views: 2381

Re: Medallion Signature guarantee?

When a bank offers a MSG, they're accepting the financial liability associated with verifying that you are who you say you are. It's unlikely that an institution will offer a MSG if they haven't done business with you for a while. The bank insures the MSG liability. They usually do this up to a lim...
by Pigeye Brewster
Sun Sep 09, 2018 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Non discrimination testing and Mega back door
Replies: 2
Views: 288

Re: Non discrimination testing and Mega back door

My employer's 401k plan does not have the requirements needed to do the Mega back door Roth . Specifically the plan does not allow after-tax contributions. Employer is open to the idea of amending the plan. However, there is a concern that the after-tax contributions would all come from the highly ...
by Pigeye Brewster
Sat Sep 08, 2018 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: New to Donor Advised Funds, need guidance
Replies: 22
Views: 1598

Re: New to Donor Advised Funds, need guidance

If you plan to donate appreciated securities, you may also wish to open a Fidelity brokerage account to use in conjunction with your DAF. If I had everything at Vanguard, that is what I would do. Then I would transfer appreciated securities first to a Fidelity brokerage account (i.e. have Fido pull...
by Pigeye Brewster
Thu Sep 06, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 37
Views: 2741

Re: Living Revocable Trust - conveyance of assets

JenniferG: Thank you for the information. I was unaware of that fact. Does it apply in all states to your knowledge? Tim In some states, it can depend on the dollar value of the assets involved. Below a certain statutory threshold, an affidavit of small estate may be an option instead of having to ...
by Pigeye Brewster
Wed Sep 05, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable Tax Deductions
Replies: 46
Views: 3552

Re: Charitable Tax Deductions

I don’t like DAFs, because you have to be really careful about the donor receiving a benefit - e.g., a gala ticket or even the right to purchase a gala ticket - that can cause the donor, DAF and the charity all kinds of headache and penalties. But I’m sure there’s another thread on that :) I read e...
by Pigeye Brewster
Fri Aug 31, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Are quarterly Roth conversions of after-tax contributions to a 401(k) roughly equivalent to a Mega Backdoor Roth?
Replies: 22
Views: 1273

Re: Are quarterly Roth conversions of after-tax contributions to a 401(k) roughly equivalent to a Mega Backdoor Roth?

I just found out that my 401(k) plan at Fidelity allows after-tax non-Roth contributions but does not allow in-service distributions from the after-tax Roth sub-account into a Roth IRA, so I cannot set up a Mega Backdoor Roth IRA. However, the 401(k) does allow me to set up automatic quarterly Roth...
by Pigeye Brewster
Wed Aug 29, 2018 10:14 pm
Forum: Investing - Theory, News & General
Topic: Why do people buy ETFs in taxable with Vanguard when the ETF tracks an equivalent index fund?
Replies: 29
Views: 2493

Re: Why do people buy ETFs in taxable with Vanguard when the ETF tracks an equivalent index fund?

Someone once compared ETFs versus funds to beer in bottles versus beer in cans. The beer is the same; what's different is the packaging. :beer I have mutual funds, but ETFs can be better for charitable donations in certain circumstances. To donate Vanguard funds, the charity has to either already ha...
by Pigeye Brewster
Wed Aug 29, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 12099

Re: How do you 7 figure guys organize multiple accounts?

I use Vanguard. They have the option to enter outside accounts. Every month or so I manually update them. This. Honestly, this is one of the more helpful aspects of PAS. We have Roths, a taxable brokerage account, and a money market fund account at Vanguard. I log in monthly and update our 401k/TSP...
by Pigeye Brewster
Wed Aug 29, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 12099

Re: How do you 7 figure guys organize multiple accounts?

Microsoft Money Sunset Edition for tracking transactions and Excel spreadsheet for tracking asset allocation. Multiple accounts include taxable, his/her IRAs, his/her Roth IRAs, his 401k, her 403b, his HSA.
by Pigeye Brewster
Fri Aug 17, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 7407

Re: Using ACA for early retirement years

A wndhen it comes staying healthy, of course you'd want to exercise and eat well. But there's this magical thinking going around that if you take care of yourself, you won't get sick (I'm not making this up). The fact is that there are plenty of people who wake up thinking it's just going to be ano...
by Pigeye Brewster
Thu Aug 16, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: ADP and ACP tests
Replies: 4
Views: 351

Re: ADP and ACP tests

I learned 3 new terms today while talking to my 401k TPA. These are ADP test, ACP test, and safe harbor status. I was trying to discuss with them about re-writing our 401k documents to allow after-tax contributions and in-service distributions so that I would have the option of doing a mega-backdoo...
by Pigeye Brewster
Wed Aug 15, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2364

Re: Should I Max Out Tax-Deferred Accounts?

Dottie57 wrote:
Wed Aug 15, 2018 2:15 pm
Max it out and start/add to a taxable. I wish I had started taxable earlier.
Good advice. I wish I had emphasized taxable sooner as well.
by Pigeye Brewster
Thu Aug 09, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Getting Mega Back Door Roth Provisions into a 401k?
Replies: 11
Views: 785

Re: Getting Mega Back Door Roth Provisions into a 401k?

so i know that we're up for our 401k renewal and i'd like to have the option to someday hopefully be able to do a mega back door roth. I know that they need to allow for after tax contributions and in service withdrawals. I also know from family that adding complexity to a 401k can be a hard sell, ...
by Pigeye Brewster
Thu Jun 28, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: The "leaving the old 401k where it is" argument
Replies: 30
Views: 3995

Re: The "leaving the old 401k where it is" argument

My question is, does one have to sell the stock at the time of the rollover or can the tax be paid on the basis and the stock held in a brokerage account and sold at a later date? No requirement to sell. You can retain the stock in a brokerage account as long as you want. However, one difference is...
by Pigeye Brewster
Wed Jun 13, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Social Security: Effect of early claiming on spousal benefit
Replies: 20
Views: 1721

Re: Social Security: Effect of early claiming on spousal benefit

The actual language posted by SSA is here: https://www.ssa.gov/OACT/quickcalc/spouse.html I initially misread it, but I believe it is consistent with what happened above. Spouse gets up to 1/2 PIA, unless spouse is filing before full retirement age. It reads: When a worker files for retirement bene...
by Pigeye Brewster
Fri Jun 08, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: 401k plan: adding after tax contributions for Mega-backdoor Roth
Replies: 6
Views: 448

Re: 401k plan: adding after tax contributions for Mega-backdoor Roth

If the plan had a safe-harbor provision, then you could bypass the ACP provision. A typical safe-harbor provision is to match 100% of the first 3% plus 50% of the next 2% in contributions. Of course, if your plan does not offer that, in essence you are asking your employer to raise their compensati...
by Pigeye Brewster
Fri Jun 08, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 9553

Re: Indexing will fail investors in next decade

there is so much unmitigated garbage i don't even know where to start. im pissed i gave it a click. also, how anyone published that guy is beyond my comprehension. It's published as an opinion piece by the head of a hedge fund. It's not research. It's simply more fear, uncertainty, and doubt being ...
by Pigeye Brewster
Wed May 16, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11883

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

Earl Lemongrab wrote:
Tue May 15, 2018 11:33 pm
Mega Backdoor is definitely great if you have it available. I consider this the most useful thing I have ever read on Bogleheads. I wish I had known about it earlier...
I agree 100% with this.
by Pigeye Brewster
Tue May 15, 2018 9:15 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 6658

Re: Neighbor wants to use our land temporarily - let them or not?

As a gentle suggestion she said during Hurricane Irma the top of one of our pine trees broke off and landed on their pool cage and part of their roof. My understanding is that this would be considered an "act of God" and you don't have any liability. If you did, you probably would have heard from t...
by Pigeye Brewster
Mon May 14, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: Why is Fidelity more picky than banks about middle names?
Replies: 10
Views: 1877

Re: Why are Vanguard and Fidelity more picky than banks about middle names?

MnD wrote:
Sun May 13, 2018 11:31 pm
2015 wrote:
Sun May 13, 2018 7:11 pm
In fact, no financial institution has ever had the ridiculous legal first name my parents thought to give me at birth.
What is it? :shock:
Cosmo?
by Pigeye Brewster
Mon May 07, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Means of Titling/Re-Titling [checking acct into] my RLT?
Replies: 20
Views: 1350

Re: Means of Titling/Re-Titling [checking acct into] my RLT?

One simple workaround is to utilize a payable on death designation naming the trust as the payee. At death, the checking account is automatically transferred to the trust. This doesn't have any utility for what I consider the must important function of a trust: having a fully credentialed individua...