Search found 45 matches

by Pigeye Brewster
Wed Dec 13, 2017 5:09 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 2492

Re: WHO IS RIGHT ME or SPOUSE

My first instinct is to agree with you. But two rules I try to follow are "happy wife, happy life" and "pick your battles carefully", so for $100 I'm going with her.
by Pigeye Brewster
Wed Dec 13, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 59
Views: 2692

Re: How much did you contribute to your 401k in 2017?

$18,000 max + $6,000 catch up + $5,000 after-tax (mega backdoor Roth)
Age 50+

Also $5,500 + $1,000 to Roth IRA
by Pigeye Brewster
Mon Dec 11, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: DAF - when is it right to do?
Replies: 17
Views: 1251

Re: DAF - when is it right to do?

You can always edit the pledge card to add "not legally enforceable". What is the charity to do? Not accept your pledge? And when they receive a check from he DAF, would they return it? Same with legal contracts that you can edit. Online boilerplate filled forms can lead to the nasty situation wher...
by Pigeye Brewster
Mon Dec 11, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: DAF - when is it right to do?
Replies: 17
Views: 1251

Re: DAF - when is it right to do?

True, but the key is "legally enforceable". All of the kinds of "pledges" I have either made or have been asked to make say that they are not "legally enforceable". That is good that you ask. I asked one charity about it and they didn't know. And their pledge card didn't specify if it was or wasn't...
by Pigeye Brewster
Mon Dec 11, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: DAF - when is it right to do?
Replies: 17
Views: 1251

Re: DAF - when is it right to do?

That is an important point to consider - I agree. Also worth pointing out (although most folks on this board probably understand this already): while you do retain “control” over distributions, investment options, etc, DAF contributions are irrevocable, so no way of getting them back, even for pers...
by Pigeye Brewster
Sun Dec 10, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: DAF - when is it right to do?
Replies: 17
Views: 1251

Re: DAF - when is it right to do?

There are many reasons for opening and using a DAF. I don't think (directly at least) income or donation amount is the "key". 1. You want to make anonymous donations - and still get the tax deduction for the contribution. Anonymous donations can keep you off the solicitation lists you get on by mak...
by Pigeye Brewster
Fri Dec 08, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5713

Re: Mortgage as percentage of take-home pay

Mortgage PITI is 7.6% of take-home pay.
by Pigeye Brewster
Thu Dec 07, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Donating appreciated securities at Vanguard and bogleheads wiki
Replies: 3
Views: 356

Re: Donating appreciated securities at Vanguard and bogleheads wiki

Hmm, I might have answered a part of my own question. I was looking here and didn't find it: Change of ownership (life events) -> Give shares to an individual/organization However, I found a different, longer form here: Change owners -> Start -> Give shares or securities to an individual or organiz...
by Pigeye Brewster
Tue Dec 05, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Donor Advised Funds - Transfer?
Replies: 8
Views: 305

Re: Donor Advised Funds - Transfer?

I haven't tried it, but my understanding is since Fidelity Charitable is a 501(c)(3), you can simply request a grant to a DAF account there. Then use it to make smaller grant requests.
by Pigeye Brewster
Thu Nov 30, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9365

Re: Why should I donate to my alma mater?

I've donated to my undergrad alma mater every year since I joined the workforce. Fairly small amounts at first, now fairly sizable, at least for me. Why? The college helped change my life (and it's actually one of those included in the Loren Pope book "Colleges That Change Lives"). The first couple ...
by Pigeye Brewster
Mon Nov 27, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: best cordless drill??
Replies: 71
Views: 4300

Re: best cordless drill??

It will likely be at 70% charge or so, unless your garage gets really hot regularly, in which case it might be lower. We have hot/humid summers. After experiencing what you describe, I started storing the batteries in the house. That seems to help, both in terms of holding a charge and longevity of...
by Pigeye Brewster
Mon Nov 27, 2017 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: ESOP distribution
Replies: 10
Views: 477

Re: ESOP distribution

Also (and this is for everyone): can this IRA be rolled over into a current employer's 401k - to be able to do a backdoor Roth IRA? I'm not aware of any reason why this wouldn't work. However, your current 401k plan has to allow for funds from a previous qualified plan to be rolled over into the pl...
by Pigeye Brewster
Thu Nov 23, 2017 8:42 pm
Forum: Personal Consumer Issues
Topic: best cordless drill??
Replies: 71
Views: 4300

Re: best cordless drill??

Get a Ridgid. It comes with a lifetime service agreeement which covers batteries. Just make sure you follow the registration directions EXACTLY. When one of my batteries died after 4 years of heavy use, I walked into Home Depot with the registration confirmation email and came out with a new batter...
by Pigeye Brewster
Wed Nov 22, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer to a Vanguard Brokerage account?
Replies: 11
Views: 651

Re: Transfer to a Vanguard Brokerage account?

But would a brokerage account make it easier to specify lots to transfer money into a fidelity donor advised fund? I'm not sure if that's possible with a vanguard mutual fund account so I could see that as a positive. I recently set up a Fidelity DAF and funded with appreciated shares in my Vanguar...
by Pigeye Brewster
Wed Nov 22, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer to a Vanguard Brokerage account?
Replies: 11
Views: 651

Re: Transfer to a Vanguard Brokerage account?

But would a brokerage account make it easier to specify lots to transfer money into a fidelity donor advised fund? I'm not sure if that's possible with a vanguard mutual fund account so I could see that as a positive. I recently set up a Fidelity DAF and funded with appreciated shares in my Vanguar...
by Pigeye Brewster
Wed Nov 22, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Transfer to a Vanguard Brokerage account?
Replies: 11
Views: 651

Re: Transfer to a Vanguard Brokerage account?

But would a brokerage account make it easier to specify lots to transfer money into a fidelity donor advised fund? I'm not sure if that's possible with a vanguard mutual fund account so I could see that as a positive. I recently set up a Fidelity DAF and funded with appreciated shares in my Vanguar...
by Pigeye Brewster
Tue Nov 21, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Regular 401K vs Roth 401K
Replies: 31
Views: 2075

Re: Regular 401K vs Roth 401K

Based on what the link says: "Traditional and Roth accounts share a employee contribution limit up to $18,000 per person for 2016 and $18,500 for 2018. However, Section 415(c)(1)(A) limits total contributions to defined contribution plans to $54,000 in 2016 and $55,000 in 2018.[2] The limit for an ...
by Pigeye Brewster
Thu Nov 16, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about IRA deduction Limts
Replies: 15
Views: 853

Re: Confused about IRA deduction Limts

I'd like more clarification on this as well, if someone knows. If our MAGI is > $196k, I am covered and contribute to a retirement plan at work, but my spouse has no retirement plan at work --- or does not work -- is there a mechanism to contribute to an IRA or other tax-efficient retirement vehicl...
by Pigeye Brewster
Thu Nov 16, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Cost basis question about Vanguard's covered/uncovered mutual fund shares
Replies: 28
Views: 1459

Re: Cost basis question about Vanguard's covered/uncovered mutual fund shares

So I recommend that you set your Cost Basis Method to Specific Identification today through the web interface. I made this change a year or two ago on a fund with both covered and uncovered shares. It is quick and easy to do. I haven't tried selling any, so I don't know how they'd handle that. I ha...
by Pigeye Brewster
Wed Nov 15, 2017 12:06 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 254
Views: 25764

Re: [Yahoo Finance no longer works - Alternatives to download securities quotes]

Well, I was all happy to figure out GOOGLE SHEETS and it works well. Except...it doesn't update mutual fund prices until sometime much later than I'd like (about 6:30PM Eastern). Anyone else notice this? Any good workaround? It's not just you. I had the same experience. Got Google Finance set up an...
by Pigeye Brewster
Tue Nov 14, 2017 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Where to take more risk: 401k or Roth?
Replies: 32
Views: 2946

Re: Where to take more risk: 401k or Roth?

I'm all equities in Roth, both Roth IRA and the Roth portion of 401k. Equities have higher expected returns in the long-term. All growth in Roth is tax-free and Roth IRA has no RMD requirements. So I'm planning on it being some of the last to spend, resulting in a time horizon that is likely longer ...
by Pigeye Brewster
Tue Nov 14, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Poll-How much do you have in your HSA?
Replies: 50
Views: 4871

Re: Poll-How much do you have in your HSA?

Started in 2014. About $4K in cash account and $15K in investment account invested in Total Stock Market Index (VTSAX). Larger bills paid out of after-tax non-HSA funds and receipts retained for future reimbursement. Now paying all pharmacy and small co-pays out of HSA cash to reduce the recordkeepi...
by Pigeye Brewster
Fri Nov 10, 2017 7:55 pm
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 4988

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

No. I also don't keep monuments of other bad decisions around like: ex-wife bad friends wrecked cars broken dishes I try to learn from my mistakes and not repeat them. I don't need momentoes to remember my mistakes. I Do share the story of your ex wife. Please PM me if you prefer 8-) It's not too d...
by Pigeye Brewster
Fri Nov 10, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 254
Views: 25764

Re: How to Get Stock Quotes Into Excel

It died on 11/1. I now get my stock quotes like this: - set up a portfolio of all my stocks in Yahoo Finance and bookmark it - every time I open the bookmarked page, I see a list of my stocks, prices, volumes, etc. - click download to excel, an excel page opens with all my stock quotes - copy and p...
by Pigeye Brewster
Fri Nov 10, 2017 11:58 am
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 4988

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

Some years back, I bought 2500 shares of my employer’s stock. A few years later, the company filed Chapter 11, and the stock became worthless. But the shares still live in my Vanguard account, with a stated value of $0.00, and I can’t seem to get a clear answer as to what to do about it (if indeed ...
by Pigeye Brewster
Fri Nov 10, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 31
Views: 2003

Re: Mega Backdoor questions

I just came back from talking to HR for the 2nd time about after tax contributions. The benefits person keeps telling me I can NOT make after tax contribution because I already maxed out to $18,000 for the year. I keep explaining to him that's the max for the pre-tax contribution. That I have up to...
by Pigeye Brewster
Fri Nov 10, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 4988

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

Some years back, I bought 2500 shares of my employer’s stock. A few years later, the company filed Chapter 11, and the stock became worthless. But the shares still live in my Vanguard account, with a stated value of $0.00, and I can’t seem to get a clear answer as to what to do about it (if indeed ...
by Pigeye Brewster
Thu Nov 09, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 31
Views: 2003

Re: Mega Backdoor questions

Mega Backdoor Roth Without In-Service Distribution should help with your analysis. Unless I'm misreading it, the linked article appears to be addressing a different scenario, i.e. being able to access funds, before age 59 1/2, that made it all the way into the Roth IRA after a fully completed Mega ...
by Pigeye Brewster
Thu Nov 09, 2017 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 31
Views: 2003

Re: Mega Backdoor questions

WhiteMaxima wrote:
Thu Nov 09, 2017 5:17 pm
Just remember to rollover aft-tax to Roth every year to separate the gain from original input.
That's the OP's problem. His plan has limits on being able to rollover after-tax balances.
by Pigeye Brewster
Thu Nov 09, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 31
Views: 2003

Re: Mega Backdoor questions

Mega Backdoor Roth Without In-Service Distribution should help with your analysis. Unless I'm misreading it, the linked article appears to be addressing a different scenario, i.e. being able to access funds, before age 59 1/2, that made it all the way into the Roth IRA after a fully completed Mega ...
by Pigeye Brewster
Thu Nov 09, 2017 3:38 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 254
Views: 25764

Re: [Yahoo Finance no longer works - Alternatives to download securities quotes]

[My steps are: 1. Open the Excel spreadsheet. 2. Click a button. 3. Save file, quit. But I will say I'm familiar with programming. Since Yahoo quotes failed I've reprogrammed it to use Google Finance. The drawback is that Google is very late in making their mutual fund quotes available. So I need t...
by Pigeye Brewster
Thu Nov 09, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 254
Views: 25764

Re: [Yahoo Finance no longer works - Alternatives to download securities quotes]

My workaround has been to set up a "My Watchlist" for my mutual funds on Yahoo Finance. It doesn't provide much info other than NAV. But it has an "Export" button which opens up a simple .csv file in Excel. I then copy/paste the NAVs into my main Excel spreadsheet. I tried it about 7:30 EST tonight...
by Pigeye Brewster
Tue Nov 07, 2017 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Donor advised fund at Vanguard or elsewhere?
Replies: 49
Views: 4149

Re: Donor advised fund at Vanguard or elsewhere?

I maintain DAFs at both Fidelity and Vanguard. Most of my investments are at Vanguard, and the turnaround on donating appreciated assets typically takes a single business day. I use the Fidelity DAF for all of my charitable donations, and fund it with grants from the Vanguard DAF. A bit more compli...
by Pigeye Brewster
Tue Nov 07, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Cost Basis Method Selling VTSAX in Taxable?
Replies: 22
Views: 1635

Re: Cost Basis Method Selling VTSAX in Taxable?

I switched to SpecID about a year or so ago and haven't noticed any downside.

Non-covered shares, those purchased prior to 2012, continue to be shown by Vanguard at average cost.
by Pigeye Brewster
Tue Nov 07, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Donor advised fund at Vanguard or elsewhere?
Replies: 49
Views: 4149

Re: Donor advised fund at Vanguard or elsewhere?

After reviewing the various DAF threads on Bogleheads, I went with Fidelity Charitable primarily because of the lower minimum donation amount. The process went very smoothly, better than I expected. Last Thursday, I established the Fidelity DAF account online and faxed Fidelity the letter of instruc...
by Pigeye Brewster
Mon Nov 06, 2017 8:58 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 254
Views: 25764

Re: [Yahoo Finance no longer works - Alternatives to download securities quotes]

My workaround has been to set up a "My Watchlist" for my mutual funds on Yahoo Finance. It doesn't provide much info other than NAV. But it has an "Export" button which opens up a simple .csv file in Excel. I then copy/paste the NAVs into my main Excel spreadsheet. I tried it about 7:30 EST tonight ...
by Pigeye Brewster
Thu Nov 02, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: VG wants everyone to transfer to a brokerage account?
Replies: 110
Views: 11799

Re: VG wants everyone to transfer to a brokerage account?

My taxable account is also in the name of my living trust. I considered converting to brokerage but when I saw I'd have to provide all the relevant documents (which had already been provided once for the mutual fund account), I decided to not mess with it for now. Please provide an update on how thi...
by Pigeye Brewster
Wed Nov 01, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 13117

Re: new 401(k) limits announced

The HCE issue generally doesn't apply if the plan is a "safe harbor plan" (provided all of the safe harbor requirements are met).
by Pigeye Brewster
Wed Nov 01, 2017 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Roth after-tax contributions vs. taxable account
Replies: 5
Views: 706

Re: Roth after-tax contributions vs. taxable account

A Roth is clearly better than a taxable account; you get no deduction on contributions to either one, but Roth gains are not taxed (after 59-1/2).
Even prior to age 59 1/2, the withdrawal order of contributions first for Roth can provide some flexibility even when there are gains.
by Pigeye Brewster
Mon Oct 30, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Is it safe to move money from TIAA to Vanguard funds?
Replies: 5
Views: 569

Re: Is it safe to move money from TIAA to Vanguard funds?

My wife's 403(b) administered by TIAA recently added Vanguard Institutional Index (VINIX) and Vanguard Total Bond Market Institutional (VBTIX). Expense ratios are 0.04% and 0.05%, respectively. We moved her balances into those two funds (we have international and total market in other accounts).
by Pigeye Brewster
Sat Oct 28, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Maximum Limit
Replies: 15
Views: 1535

Re: 401K Maximum Limit

You are eligible for the catch-up contribution (the extra $6k) if you turn 50 on or before December 31 of the year in question. I happened to turn 50 this year as well, and goosed my deferrals from $1500 to $2000 each month at the start of the year to account for that. For me, this was pretty much ...
by Pigeye Brewster
Mon Oct 16, 2017 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?
Replies: 23
Views: 1336

Re: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?

The second question is, assuming the answer to the first question is yes, can I rollover the $14,000 after tax contribution to a Roth 401k within my company? I realize I will pay taxes on any earnings. But I was wondering if I am allowed to do so in the first place, especially considering that I ha...
by Pigeye Brewster
Fri Oct 06, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth questions and is it worth it?
Replies: 9
Views: 763

Re: Mega Backdoor Roth questions and is it worth it?

Since she's an HCE, her after-tax contributions will be subject to ACP testing.
by Pigeye Brewster
Thu Oct 05, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason to not transition my vanguard IRA and taxable mutual fund accounts to Brokerage Accounts
Replies: 8
Views: 1306

Re: Any reason to not transition my vanguard IRA and taxable mutual fund accounts to Brokerage Accounts

I received the email invitation to upgrade a couple of days ago. My assumption was that it would be a seamless transition since Vanguard already has all my account information, but when I clicked on the "Upgrade" button it was pretty much as if I wasn't already a Vanguard customer, i.e. none of the ...