Search found 404 matches

by Pigeye Brewster
Tue Jun 16, 2020 4:03 pm
Forum: Personal Consumer Issues
Topic: Should I sell my stash of dental floss now worth $3,000?
Replies: 105
Views: 11051

Re: Should I sell my stash of dental floss now worth $3,000?

This sort of reminds me of the Seinfeld episode when Elaine has to decide if a guy is "sponge-worthy". :beer
by Pigeye Brewster
Fri Jun 05, 2020 11:31 pm
Forum: Personal Consumer Issues
Topic: What to look for when buying a table saw?
Replies: 53
Views: 2799

Re: What to look for when buying a table saw?

That goes on the Keter collapsible bench which is also good for temporary setups. https://www.amazon.com/Keter-Folding-Workbench-Sawhorse-Capacity/dp/B001CWX26Y I have one of those Keter workbenches. Excellent product. How do you use it? Similarly to pigeye with the planer? I need to be more effici...
by Pigeye Brewster
Fri Jun 05, 2020 11:12 am
Forum: Personal Investments
Topic: Bernstein Calculation?
Replies: 20
Views: 1785

Re: Bernstein Calculation?

In a 2015 WSJ article, Bernstein outlined the framework. Take your basic annual expenses (including taxes) less Social Security and pension to get what he calls residual living expenses (RLE). His "good rule of thumb" is to have in "relatively safe assets" to cover the following multiples:- 1) 25 ye...
by Pigeye Brewster
Sun May 24, 2020 12:34 pm
Forum: Personal Consumer Issues
Topic: What to look for when buying a table saw?
Replies: 53
Views: 2799

Re: What to look for when buying a table saw?

tev9876 wrote:
Sun May 24, 2020 10:34 am
That goes on the Keter collapsible bench which is also good for temporary setups. https://www.amazon.com/Keter-Folding-Wo ... B001CWX26Y
I have one of those Keter workbenches. Excellent product.
by Pigeye Brewster
Wed Feb 19, 2020 11:11 am
Forum: Investing - Theory, News & General
Topic: Bloomber Terminal_Coca Cola Stock History
Replies: 5
Views: 912

Re: Bloomber Terminal_Coca Cola Stock History

PopOff wrote:
Wed Feb 19, 2020 9:44 am
I don't want to have any data but I am curious to know if Bloomberg had historical data of the Coca Cola share before the year 1960...
1/2/1968 is the oldest date for KO prices on Bloomberg.
by Pigeye Brewster
Tue Jan 28, 2020 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Liability Claims and retirement accounts
Replies: 19
Views: 863

Re: Liability Claims and retirement accounts

A couple of comments. In an article titled "Can I (Should I) Combine My IRAs", Natalie Choate stated that IRAs that rollovers from qualified plans have "slightly better creditor protection" than non-rollover, i.e. contributory, IRAs. Therefore, she recommended keeping rollover IRAs separate if asset...
by Pigeye Brewster
Fri Jan 10, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Employer not enforcing HCE provision in 401(k) plan
Replies: 28
Views: 2391

Re: Employer not enforcing HCE provision in 401(k) plan

For what it's worth, between my own pre-tax contributions and the company 401 contribution and match, I'm only able to allocate up to like $5k (ish) in after-tax contributions and still stay within the $57K annual overall contribution limit. So it's not huge money either way, just want to avoid the...
by Pigeye Brewster
Wed Jan 08, 2020 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Employer not enforcing HCE provision in 401(k) plan
Replies: 28
Views: 2391

Re: Employer not enforcing HCE provision in 401(k) plan

HCE restriction only comes into play if your employer's 401K is not a safe harbor plan. Do you know whether your employer's 401K is or is not a safe harbor plan? For example, if the employer provides X% of non-matching contributions to the 401K for all employees, it becomes a safe harbor plan. HCE ...
by Pigeye Brewster
Mon Jan 06, 2020 5:59 pm
Forum: Personal Investments
Topic: Maximum amount of 401k, Traditional IRA, other allowed?
Replies: 6
Views: 407

Re: Maximum amount of 401k, Traditional IRA, other allowed?

Employment Income over $250k. With that income level, you would appear to be an HCE (highly compensated employee). After-tax contributions for HCEs are subject to anti-discrimination testing even in a safe harbor plan. This may limit your ability to contribute after-tax (or may not, depending on th...
by Pigeye Brewster
Tue Dec 17, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable Trust Charitable Giving + Taxes: Did I make a problematic mistake?
Replies: 7
Views: 562

Re: Revocable Trust Charitable Giving + Taxes: Did I make a problematic mistake?

When I look at "Contribution Confirmations" on my Fidelity DAF, there are two documents for each donation. One is like yours, i.e. "Please note that this correspondence is for your reference only. It does not reflect a charitable contribution made by you and cannot be used for tax purposes." The oth...
by Pigeye Brewster
Wed Nov 27, 2019 8:46 pm
Forum: Personal Consumer Issues
Topic: 6 x 9 car speakers
Replies: 13
Views: 1138

Re: 6 x 9 car speakers

Figuring_it_out wrote:
Wed Nov 27, 2019 7:07 pm
https://www.amazon.com/JBL-GTO939-Premi ... B00C76YXMQ


Do it once and be done with it. These are superb.
JBL rocks :beer
by Pigeye Brewster
Wed Nov 27, 2019 8:40 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 630
Views: 90222

Re: Flaunt Your High-Mileage Car

1986 Jeep CJ7 155k miles
by Pigeye Brewster
Wed Nov 20, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard intentionally delaying fund transfer to Fidelity DAF?
Replies: 24
Views: 2746

Re: Vanguard intentionally delaying fund transfer to Fidelity DAF?

I've done a total of 5 transfers from Vanguard to Fidelity Charitable since establishing our DAF in 2017. All were initiated by faxing Fidelity's form to Fidelity. All the transfers have been completed in a timely fashion, start to finish in 2-3 days.
by Pigeye Brewster
Tue Nov 19, 2019 6:10 pm
Forum: Investing - Theory, News & General
Topic: Tax equivalent yield calculator
Replies: 4
Views: 392

Re: Tax equivalent yield calculator

livesoft wrote:
Tue Nov 19, 2019 4:56 pm
I prefer to use a taxed-equivalent yield calculator because it tells me how much I will keep after taxes.
Why do you need a calculator? I thought you managed your finances in such a manner that you don't have to pay any taxes. :D
by Pigeye Brewster
Mon Nov 04, 2019 5:21 pm
Forum: Personal Investments
Topic: After tax 401k contributions
Replies: 13
Views: 946

Re: After tax 401k contributions

My company 401k plan allows a Roth 401k and allows after tax 401k contributions, but it does not allow transferring contributions from the after tax 'bucket' to the Roth 401k bucket. Nor does it allow in-service rollover to a Roth IRA outside the 401k plan. So it seems like it doesn't really allow ...
by Pigeye Brewster
Fri Nov 01, 2019 3:28 pm
Forum: Personal Investments
Topic: MegaBackDoorRoth Help
Replies: 8
Views: 792

Re: MegaBackDoorRoth Help

Employer contributions are always pre-tax.
by Pigeye Brewster
Fri Nov 01, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Maximum salary to contribute to a 401k?
Replies: 8
Views: 1563

Re: Maximum salary to contribute to a 401k?

This is what I read. 2020 Compensation Limit for 401(k)s Another critical thing to know about IRA contribution limits is that your contribution can get phased out altogether if you are a highly-compensated employee. The IRS sets limits for the maximum allowable income to be eligible to make 401(k) ...
by Pigeye Brewster
Tue Oct 15, 2019 2:27 pm
Forum: Personal Investments
Topic: Is VUSXX Really Safer Than FDIC Insured Bank Account?
Replies: 22
Views: 2253

Re: Is VUSXX Really Safer Than FDIC Insured Bank Account?

https://www.fdic.gov/deposit/deposits/faq.html Q: What is the FDIC? A: The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC ins...
by Pigeye Brewster
Wed Oct 09, 2019 10:03 am
Forum: Investing - Theory, News & General
Topic: highly compensated employee (HCE) Time bomb?
Replies: 91
Views: 9959

Re: highly compensated employee (HCE) Time bomb?

If I'm a diligent saver maxing my 457 out at (currently) under 100k and in a few years I break 120k (or 130k due to inflation) my ability to drop to next to nothing since my employer's 457 plan had moderately high fees and no match so very little participation. Is this correct? My wife works at sup...
by Pigeye Brewster
Sat Oct 05, 2019 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 11304

Re: DAF for church offering? [Donor Advised Fund]

Thanks all for your replies. I like your ideas and will write a note on the pledge card. If someone contacts us later to remind about the missing gifts, we will correct it with the treasurer. Fidelity Charitable has this language on their website: Grants can be made in support of non-legally bindin...
by Pigeye Brewster
Thu Oct 03, 2019 11:50 am
Forum: Personal Investments
Topic: Vanguard IRA Account Consolidation
Replies: 6
Views: 548

Re: Vanguard IRA Account Consolidation

In 2015, I transferred about 50% of my Rollover IRA account at Vanguard to an IRA CD account at Capital One. In 2019, I transferred this sum (plus interest from the CD) back to Vanguard from the exact same Capital One IRA. Do you have any documentation that you could provide to Vanguard showing it ...
by Pigeye Brewster
Wed Sep 25, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 210
Views: 28717

Re: Trust Services

robandjeanne wrote:
Tue Sep 24, 2019 8:46 pm
We already state we are not following the Prudent Investor Rule in our Trust.
Sorry, missed that.
by Pigeye Brewster
Tue Sep 24, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 210
Views: 28717

Re: Trust Services

Almost all STs want to diversify into bonds and internationals lowering the portfolio return. That's because trustee's in many (40+) states are subject to the prudent investor rule. It places a large emphasis on diversification. As LilyFleur noted, to invest otherwise would subject a trustee to pot...
by Pigeye Brewster
Mon Sep 23, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Isn’t it A Roth IRA better than a Mega Backdoor 401k in this case?
Replies: 6
Views: 556

Re: Isn’t it A Roth IRA better than a Mega Backdoor 401k in this case?

Since I will have to pay taxes on the earnings from December to July on that money until is converted through the MBD , wouldn’t the Roth IRA be a better deal because I will not have to pay taxes on it? Not clear what you're asking. How are you not paying taxes on a Roth contribution? I think he's ...
by Pigeye Brewster
Fri Sep 20, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 210
Views: 28717

Re: Trust Services

Starting to hear the same old song and dance from Schwab who initially agreed to manage a mainly VTI portfolio, but after getting through two layers of people I'm now hearing how they are worried about being sued because VTI is not diverse enough. Is Schwab saying that 1) VTI is not diverse enough,...
by Pigeye Brewster
Wed Sep 18, 2019 5:04 pm
Forum: Personal Investments
Topic: Large one-time purchase: ETF or Admiral fund?
Replies: 18
Views: 1739

Re: Large one-time purchase: ETF or Admiral fund?

Seems like the Qualified dividend ratio for ETF is slightly better than the fund (95% Vs 94% for VTI vs VTSAX). Where are you seeing that? For 2018, all classes of Total Stock Market are shown as 94.01%. https://advisors.vanguard.com/VGApp/iip/advisor/csa/investments/taxcenter/yearendfigures And fo...
by Pigeye Brewster
Fri Sep 13, 2019 8:16 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1481
Views: 197557

Re: Post your Financial Milestone Announcements Here

miamivice wrote:
Fri Sep 13, 2019 7:27 am
Silly milestone today.

401k in my 401k.
:beer
by Pigeye Brewster
Tue Sep 10, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth tax question
Replies: 6
Views: 707

Re: Mega Backdoor Roth tax question

My company's Vanguard 401k plan allows us to contribute up to $17,200 in after tax dollars each year to our 401k. We can then also set it to automatically perform an in-plan conversion of those after-tax contributions to a Roth 401k each pay period. My question is, if our Vanguard 401k plan provide...
by Pigeye Brewster
Tue Sep 10, 2019 8:54 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1481
Views: 197557

Re: Post your Financial Milestone Announcements Here

After paying off our mortgage in July, we received a copy of the recorded release of mortgage yesterday. :beer
by Pigeye Brewster
Sat Aug 24, 2019 11:40 pm
Forum: Personal Consumer Issues
Topic: Mortgage extra payment applied in error
Replies: 24
Views: 1788

Re: Mortgage extra payment applied in error

This is what I have experienced on our mortgage. I paid the normal monthly payment via my bank's online bill pay. If I added additional principal less than the amount of the normal monthly payment, it was applied to principal. If I added additional principal in excess of the normal monthly payment, ...
by Pigeye Brewster
Thu Aug 22, 2019 4:21 pm
Forum: Investing - Theory, News & General
Topic: How do minimum initial investments work?
Replies: 17
Views: 626

Re: How do minimum initial investments work?

Leveraged100to1 wrote:
Thu Aug 22, 2019 2:54 pm
The fund I'm talking about is VUSXX (Vanguard Treasury Money Market Fund).
I use VUSXX. My balance has fallen below $50,000 for a while and there was no issue.
by Pigeye Brewster
Wed Aug 07, 2019 1:37 pm
Forum: Personal Investments
Topic: mega-backdoor 401k is with Fidelity. Should I open a 2nd Roth with them or can I roll over directly to Vanguard?
Replies: 18
Views: 1296

Re: mega-backdoor 401k is with Fidelity. Should I open a 2nd Roth with them or can I roll over directly to Vanguard?

needadvise1 wrote:
Wed Jan 02, 2019 8:07 pm
Is there any downside?
If you plan on investing the Roth 401(k) differently from your pre-tax 401(k), e.g. more of a growth emphasis, you might want to confirm that your plan allows Roth balances to be invested differently than pre-tax.
by Pigeye Brewster
Wed Aug 07, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage final payment
Replies: 31
Views: 4041

Re: Mortgage final payment

4) Be sure that the home insurance and property taxes are paid even if you do not get a bill. This is more of an issue if you had an escrow account. This was the case for me. Mortgage paid off 2 or 3 weeks ago with home insurance due this week. The payoff letter showed them retaining the escrow acc...
by Pigeye Brewster
Wed Aug 07, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage final payment
Replies: 31
Views: 4041

Re: Mortgage final payment

When I generated the payoff letter at Wells Fargo, it said we have to wire or mail a check. It seems really odd I can't set a payment up through their online tool. I'll be calling them this afternoon to see what they say. They really don't want people to pay off their mortgages, do they? We did thi...
by Pigeye Brewster
Thu Aug 01, 2019 10:39 am
Forum: Personal Investments
Topic: Pay off Mortgage? Pay down Mortgage? Let it ride?
Replies: 15
Views: 2243

Re: Pay off Mortgage? Pay down Mortgage? Let it ride?

I paid off our mortgage a week or two ago despite it having a fairly favorable rate of 3.00% (15 year term, with 12 years remaining). I did it over the course of 2 or 3 months. Biggest source of funds was money market (VUSXX), plus some selective equity fund sales for rebalancing purposes that were ...
by Pigeye Brewster
Mon Jul 29, 2019 11:40 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1481
Views: 197557

Re: Post your Financial Milestone Announcements Here

Paid off our mortgage about a week ago. :beer
by Pigeye Brewster
Mon Jul 29, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 11304

Re: DAF for church offering? [Donor Advised Fund]

I think most people on this thread are missing the point. Have you ever tried to gift a share of stock to a dog rescue? I have...it's a giant pain in the butt and most charities (including so-called sophisticated charities) are not equipped with a brokerage account to liquidate gifts of securities....
by Pigeye Brewster
Tue Jul 23, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Company now allowing Mega Backdoor Roth; some questions
Replies: 8
Views: 1006

Re: Company now allowing Mega Backdoor Roth; some questions

I believe, based on the description below, I am eligible for option 1. Does that mean it rolls over to Roth 401k and not a Roth IRA? Is there any real difference between the two other than the contribution limits? Important updates: Effective September 1, 2019, the Plan permits you to make after-ta...
by Pigeye Brewster
Tue Jul 23, 2019 3:17 pm
Forum: Personal Investments
Topic: Is my understanding of Mega Backdoor Roth correct?
Replies: 7
Views: 828

Re: Is my understanding of Mega Backdoor Roth correct?

I'm 30 years old and my current annual income is $140k. If your plan does allow for after-tax contributions, confirm with your HR on whether or not you're classified as a highly compensated employee (HCE). After-tax contributions are subject to ACP testing. Even in a safe harbor plan. That can limi...
by Pigeye Brewster
Mon Jul 22, 2019 2:38 pm
Forum: Investing - Theory, News & General
Topic: Donating Appreciated Shares during Accumulation Stage
Replies: 24
Views: 1677

Re: Donating Appreciated Shares during Accumulation Stage

I've been using that approach for several years, first making direct to charity donations and now via a donor advised fund.
by Pigeye Brewster
Mon Jul 15, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable trust distritutions
Replies: 6
Views: 703

Re: Irrevocable trust distritutions

I've not seen an irrevocable trust where the grantor pays the taxes. That's a structure known as an intentionally defective grantor trust. For estate tax purposes, the assets have been irrevocably transferred from grantor's estate but the income is taxable to the grantor and is typically retained i...
by Pigeye Brewster
Fri Jul 12, 2019 2:26 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income ETF Liquidity questioned in Bloomberg Article
Replies: 9
Views: 1093

Re: Fixed Income ETF Liquidity questioned in Bloomberg Article

The article states that some institutions are using bond ETFs as cash substitutes, with a Greenwich Associates survey indicating about half of institutions that own bond ETFs are using them for cash management. An example given is an Eaton Vance short-duration strategic income fund that is using a l...
by Pigeye Brewster
Tue Jul 09, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21805

Re: Larry Swedroe: The Historical Imperative For International Diversification

For example, the S&P 500, which according to S&P Global, as of the end of 2017, (a) "captures approximately 82% of the total U.S. equity market value" and (b) "nearly 71% of S&P 500 revenues came from the U.S., while the remaining came from foreign markets. Internationally, the largest individual c...
by Pigeye Brewster
Mon Jul 08, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 16288

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

LiterallyIronic wrote:
Mon Jul 08, 2019 12:04 pm
I'm not familiar with the acronym SORR.
SORR = Sequence of returns risk
by Pigeye Brewster
Wed Jul 03, 2019 11:27 am
Forum: Personal Investments
Topic: After-tax Contribution 401k Questions (Mega Backdoor Roth)
Replies: 5
Views: 785

Re: After-tax Contribution 401k Questions (Mega Backdoor Roth)

1) I believe after-tax contributions are limited for "highly compensated employees". I don't know if I'm a highly compensated employee (I'm close to the limit). Will my employer notify me if I am? It looks like the rule is that if I have income over $120,000 in 2018, I am a HCE for 2019 tax year. I...
by Pigeye Brewster
Mon Jun 24, 2019 2:07 pm
Forum: Personal Investments
Topic: Am I understanding this right about DAFs? If so...wow
Replies: 41
Views: 6517

Re: Am I understanding this right about DAFs? If so...wow

If the amount of your DAF transfer is greater than 30% AGI, does it carry over to to the next year for another tax deduction? Thanks Sam From IRS Publication 526: You can carry over any contributions you can't deduct in the current year because they exceed the limits based on your adjusted gross in...
by Pigeye Brewster
Sun Jun 23, 2019 7:03 pm
Forum: Personal Consumer Issues
Topic: Tree stump, can't use a stump grinder. Solution?
Replies: 64
Views: 6492

Re: Tree stump, cant use a stump grinder. Solution?

jasg wrote:
Fri Jun 21, 2019 9:48 pm
A friend once recounted a story about a large stump removed in an afternoon by a couple of Cambodian refugees with nothing but machetes. It was the way they had always done it.
Would love to see the YouTube video of that... :beer
by Pigeye Brewster
Thu Jun 20, 2019 1:09 pm
Forum: Personal Consumer Issues
Topic: Tree stump, can't use a stump grinder. Solution?
Replies: 64
Views: 6492

Re: Tree stump, cant use a stump grinder. Solution?

Method I've used on a few stumps over the year. 1) cut down as far as possible with a chain saw, 2) drill lots of holes with hammer drill and large bit, 3) fill holes with cheap fertilizer, 4) every so often, attack with a mattock and/or splitting maul, 5) drill more holes as needed. Last one I did ...
by Pigeye Brewster
Fri Jun 14, 2019 4:05 pm
Forum: Personal Investments
Topic: DIY for UHNW
Replies: 63
Views: 8337

Re: DIY for UHNW

Index funds like VTSAX are very tax efficient indeed. Over the last decade, Vanguard reports that the return after distributions, assuming the highest tax rates, on VTSAX was just 47 basis points lower than the pre-tax return, 16.05% vs. 15.58%. In 2018, VFIAX was actually slightly more tax-efficie...
by Pigeye Brewster
Fri Jun 14, 2019 2:53 pm
Forum: Personal Investments
Topic: Why are my Vanguard returns suddenly so low?
Replies: 40
Views: 6677

Re: Why are my Vanguard returns suddenly so low?

BL wrote:
Fri Jun 14, 2019 2:19 pm
We are close to dividend distribution time, and that messes up balances for a day or so. Not sure if that is what you are seeing or not.
I was wondering the same thing. VTSAX went ex-dividend today.