Search found 356 matches

by Pigeye Brewster
Fri Jun 14, 2019 4:05 pm
Forum: Personal Investments
Topic: DIY for UHNW
Replies: 41
Views: 2789

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: 34
Views: 4891

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.
by Pigeye Brewster
Thu Jun 13, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 977
Views: 261108

Re: Share your net worth progression

rexhat wrote:
Thu Jun 13, 2019 9:52 am
rexhat wrote:
Sun Jan 07, 2018 9:29 pm
2011 $-27k
2012 $8.9k
2013 $77.5k
2014 $102k
2015 $294k
2016 $610k
2017 $1,037k
2018 $1,214k
As of 1/1
2011 $-27k
2012 $8.9k
2013 $77.5k
2014 $102k
2015 $294k
2016 $610k
2017 $1,037k
2018 $1,214k
2019 $1,463k
to date $1,683k
It's been a good decade for rexhat... :beer
by Pigeye Brewster
Thu Jun 13, 2019 12:26 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth - How to setup?
Replies: 17
Views: 1285

Re: Mega Backdoor Roth - How to setup?

Are you going to be a highly compensated employee (HCE)? If so, you need to be aware that after-tax contributions are subject to ACP testing even if the plan is a safe harbor plan. That might limit your utilization of the Mega Backdoor Roth. I'm not sure what the cutoffs are for that. I make mid/lo...
by Pigeye Brewster
Wed Jun 12, 2019 2:41 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth - How to setup?
Replies: 17
Views: 1285

Re: Mega Backdoor Roth - How to setup?

Are you going to be a highly compensated employee (HCE)? If so, you need to be aware that after-tax contributions are subject to ACP testing even if the plan is a safe harbor plan. That might limit your utilization of the Mega Backdoor Roth.
by Pigeye Brewster
Tue Jun 11, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Efficiently giving to an individual
Replies: 32
Views: 2517

Re: Efficiently giving to an individual

Can any tax experts shed light on whether it would be possible to structure this as a tax-deductible charitable donation? The gift has the same spirit as charity. Is it possible to set up a 501c3 primarily for the benefit of an individual or their family? Would it be legal to, for instance, give th...
by Pigeye Brewster
Mon Jun 10, 2019 5:13 pm
Forum: Personal Investments
Topic: How are “high earners” (HCEs) eligible for Mega-backdoor Roth?
Replies: 12
Views: 1218

Re: How are “high earners” (HCEs) eligible for Mega-backdoor Roth?

2. Are after-tax contributions “counted” as it relates to HCE discrimination testing rules? 3. If I would likely be limited, how would the plan need to be modified so as to remove this discrimination testing? 4. Practically speaking, wouldn’t HCE’s really be the ones most likely to want to take adv...
by Pigeye Brewster
Tue May 14, 2019 3:24 pm
Forum: Personal Investments
Topic: Fund Fidelity DAF from Vanguard taxable
Replies: 7
Views: 641

Re: Fund Fidelity DAF from Vanguard taxable

I have always initiated at Vanguard and pushed to Fidelity. Interesting, I feel like most advice I've read on BH about transferring between Vanguard and Fidelity Charitable has said to initiate a pull from the Fidelity side. The medallion signature guarantee on the form is misleading and needlessly...
by Pigeye Brewster
Mon May 13, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth and Megabackdoor Roth
Replies: 4
Views: 673

Re: Backdoor Roth and Megabackdoor Roth

If she is an HCE, you need to be aware that after-tax contributions are subject to ACP testing even if the plan is a safe harbor plan. That can have the effect of limiting (or preventing) the amount of after-tax contributions for HCEs.
by Pigeye Brewster
Thu May 02, 2019 8:33 am
Forum: Investing - Theory, News & General
Topic: [How ETFs use "Heartbeat trades" to avoid taxes, Vanguard's patent]
Replies: 116
Views: 6082

Re: Bloomberg--Vanguard Patented a Way to Avoid Taxes on Mutual Funds

Matt Levine, opinion blogger with Bloomberg, wrote about this yesterday. https://www.bloomberg.com/opinion/articles/2019-05-01/people-want-to-buy-uber-stock His conclusions: Those investors, I should disclose, include me: A lot of my money is in Vanguard index funds, including this one, and (basical...
by Pigeye Brewster
Wed May 01, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: EXTREMELY frugal things from our parents and grandparents
Replies: 110
Views: 9465

Re: EXTREMELY frugal things from our parents and grandparents

Unless I missed it, I haven't seen anyone mention repurposing jelly jars as drinking glasses after all the jelly had been eaten.
by Pigeye Brewster
Fri Apr 26, 2019 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Colleague salary comparison
Replies: 54
Views: 6176

Re: Colleague salary comparison

It is interesting to see that an assistant professor of accounting may earn 1.8 times as much as a full professor of history. I wonder what the relative salaries are for graduates with an accounting major compared to those who majored in history. Take a look at https://cew.georgetown.edu/cew-report...
by Pigeye Brewster
Fri Apr 26, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Mega backdoor roth or something else?
Replies: 12
Views: 920

Re: Mega backdoor roth or something else?

Can some explain the difference (with pros and cons) between " in-plan Roth conversion " vs Mega backdoor roth ( => after tax 401k-->roth IRA (contribution)+tIRA(earning)...tIRA(earnings)-->401K rollover-in ) My plan has both in-plan Roth and Roth IRA rollover options. My guess is that if the HCE A...
by Pigeye Brewster
Fri Apr 26, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Colleague salary comparison
Replies: 54
Views: 6176

Re: Colleague salary comparison

student wrote:
Fri Apr 26, 2019 5:52 pm
It is interesting to see that an assistant professor of accounting may earn 1.8 times as much as a full professor of history.
I wonder what the relative salaries are for graduates with an accounting major compared to those who majored in history.
by Pigeye Brewster
Fri Apr 26, 2019 8:17 pm
Forum: Personal Consumer Issues
Topic: replacement for Airport Express for music
Replies: 19
Views: 1065

Re: replacement for Airport Express for music

Could it be your router? My Airport Express was behaving badly a while back. When I switched to ATT Fiber and a new router, the problem went away.
by Pigeye Brewster
Fri Apr 19, 2019 8:39 pm
Forum: Personal Investments
Topic: Ever Too Much in HSA?
Replies: 53
Views: 5078

Re: Ever Too Much in HSA?

Too much in HSA? Good problem to have. :beer
by Pigeye Brewster
Tue Apr 16, 2019 11:07 am
Forum: Personal Investments
Topic: After Tax 401k
Replies: 32
Views: 2585

Re: After Tax 401k

sangk and jyoung, How much money can you defer into the After-Tax 401k? My employer limits me to just 10% of my annual income, I am chomping at the bit. After-Tax 401k is actually a HUGE benefit!! Actually you should feel blessed that you have this option! If your employer is offering After-Tax 401...
by Pigeye Brewster
Sat Apr 13, 2019 6:00 pm
Forum: Personal Consumer Issues
Topic: Gardening 2019
Replies: 95
Views: 7662

Re: Gardening 2019

Vegetable: Collard greens and kale that were planted in February. Should be ready to start harvesting soon. Basil went into the ground a couple of weeks ago. Landscape: Dogwood tree is blooming, Japanese maples are a brilliant deep red, azaleas and rhododendrons are starting to flower, hosta are in ...
by Pigeye Brewster
Fri Apr 12, 2019 8:29 pm
Forum: Personal Investments
Topic: Please wrap your Boglehead around this
Replies: 31
Views: 6198

Re: Please wrap your Boglehead around this

My risk tolerance. My willingness, need, and ability to assume risk. I believe my main questions have been answered. After purchasing stock index funds in my taxable account, the consensus is that I should max out my 401K and contribute the rest of my paycheck to the 457. I should use these account...
by Pigeye Brewster
Fri Apr 12, 2019 8:08 pm
Forum: Investing - Theory, News & General
Topic: Post your Investment Policy Statement IPS here
Replies: 62
Views: 65444

Re:

IPS 1. Assets: 125% equities purchased on margin, the rest is gold. 2. Asset allocation: - 40% - gold - 30% - stocks - 20% - funds - 10% - other 3. Gold: - Accelerate purchases as the market momentum propels it to new heights. - Remember to sell it right before it declines. 4. Stocks: - Mine Intern...
by Pigeye Brewster
Thu Apr 11, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: What counts against the $56000 defined contribution limit?
Replies: 14
Views: 1707

Re: What counts against the $56000 defined contribution limit?

Is this a "safe harbor" plan? Spirit Rider, isn't there something about a safe harbor plan that makes the HCE issue moot? A safe harbor plan is only exempt from actual deferral percentage ADP and actual contribution percentage ACP testing on employee deferals and employer contributions respectively...
by Pigeye Brewster
Wed Apr 10, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: What counts against the $56000 defined contribution limit?
Replies: 14
Views: 1707

Re: What counts against the $56000 defined contribution limit?

Are you a highly compensated employee (HCE)? If so, your ability to make after-tax contributions may be limited based on the results of ACP testing.
by Pigeye Brewster
Thu Apr 04, 2019 9:45 pm
Forum: Personal Consumer Issues
Topic: What is this weed in my lawn?
Replies: 34
Views: 3538

Re: What is this weed?

In Hawaii where there's lot's of Bermuda Grass lawns, it's been called Nut Grass. Hard to dig out because it leaves little nut things on runners that keep sprouting up. Not sure. Maybe. Looks like it. While I don't think it is Kyllinga or NutSedge which have the little nut/nodules on runners, both ...
by Pigeye Brewster
Tue Apr 02, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Quicken alternatives?
Replies: 46
Views: 3207

Re: Quicken alternatives?

I use the MS Money Sunset edition, it is free and downloads all my data. Me too. Question on Money Sunset, which no longer supports online quotes. Suppose I recorded ABC stock transaction data on 12/31/2018 and 3/31/2019. On 12/31/2018, price was $100 and on 3/31/2019 ABC = $110. Will the report us...
by Pigeye Brewster
Mon Apr 01, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 13311

Re: Folks in their 60s and above. What early investment on health do you recommend.

So raw mushrooms in a salad are hazardous? Probably not in limited amounts. Raw mushrooms contains low levels of toxins. They are also harder to digest. Cooking them is said to solve both of those issues. I'm curious to know the source of the claim that commonly available edible mushrooms contain c...
by Pigeye Brewster
Mon Apr 01, 2019 12:09 pm
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 13311

Re: Folks in their 60s and above. What early investment on health do you recommend.

rgs92 wrote:
Mon Apr 01, 2019 11:32 am
So raw mushrooms in a salad are hazardous?
Probably not in limited amounts. Raw mushrooms contains low levels of toxins. They are also harder to digest.

Cooking them is said to solve both of those issues.
by Pigeye Brewster
Sat Mar 30, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA, Income Limits, Backdoor
Replies: 23
Views: 1310

Re: Roth IRA, Income Limits, Backdoor

When Roth IRAs were first allowed, there was an income limit on conversions of $100,000. This limit was later removed and that's what made backdoor Roth IRAs possible.
by Pigeye Brewster
Fri Mar 29, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 162
Views: 10921

Re: Paying "early" on mortgage may be unwise

Today's mail included a letter from our mortgage company. It said that since we had been reducing the principal balance by paying additional principal, they would be willing to recast our loan. For a fee of $500.
by Pigeye Brewster
Thu Mar 28, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 162
Views: 10921

Re: Paying "early" on mortgage may be unwise

If I were to make my April, 2019, mortgage payment and my May, 2019 mortgage payment at the same time, the mortgage company will post the May, 2019, payment as though it occurred on May, 2019, and not before. That can only be true if the mortgage company waits to credit the payment. Another poster ...
by Pigeye Brewster
Wed Mar 27, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Are family vacations considered a reportable gift?
Replies: 33
Views: 3723

Re: Are family vacations considered a reportable gift?

From the IRS website's FAQ on gifts: The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. Generally, the following gifts are not taxable gifts. 1.Gifts that are not more than the annual exclusion for the calendar year. 2.Tuition or medical expenses yo...
by Pigeye Brewster
Wed Mar 27, 2019 2:29 pm
Forum: Investing - Theory, News & General
Topic: Traditional vs. Roth IRA clarification
Replies: 29
Views: 975

Re: Traditional vs. Roth IRA clarification

I am covered by a workplace plan but my wife (stay at home mom) is not. Therefore, we have been considering shifting her IRA contributions, which have historically been Roth like mine, to traditional and thus deductible. Your situation is similar to mine. We shifted her contributions to traditional...
by Pigeye Brewster
Wed Mar 27, 2019 11:33 am
Forum: Investing - Theory, News & General
Topic: Traditional vs. Roth IRA clarification
Replies: 29
Views: 975

Re: Traditional vs. Roth IRA clarification

In this case, the consensus is that there is no difference in traditional vs. Roth IRA, correct? I don't understand your inclusion of the taxable amount. The consensus has never been that trad+taxable is equivalent to Roth. Rather, the consensus is that $n invested into trad is equivalent to $(n-ta...
by Pigeye Brewster
Sun Mar 24, 2019 9:50 am
Forum: Personal Investments
Topic: High Tax bracket strategies
Replies: 49
Views: 4864

Re: High Tax bracket strategies

I would definitely add funding a DAF for charitable giving -- donating from holdings with the largest capital gains. Given the new tax law limiting SALT (and having no mortgage), I would otherwise lose the deduction for $14k of charitable giving each year so instead I bunched multiple years of char...
by Pigeye Brewster
Sat Mar 23, 2019 9:07 pm
Forum: Personal Investments
Topic: High Tax bracket strategies
Replies: 49
Views: 4864

Re: High Tax bracket strategies

I would definitely add funding a DAF for charitable giving -- donating from holdings with the largest capital gains. Given the new tax law limiting SALT (and having no mortgage), I would otherwise lose the deduction for $14k of charitable giving each year so instead I bunched multiple years of char...
by Pigeye Brewster
Sat Mar 23, 2019 7:54 pm
Forum: Investing - Theory, News & General
Topic: Can I still do a Mega Backdoor Roth Conversion for 2018?
Replies: 12
Views: 1066

Re: Can I still do a Mega Backdoor Roth Conversion for 2018?

4. Income above thresholds for tIRA and Roth IRA Since your income is above the tIRA and Roth IRA thresholds, you are likely classified as a highly compensated employee (HCE). So even if your plan allows after-tax contributions, your ability to participate may be limited if not enough non-HCEs part...
by Pigeye Brewster
Fri Mar 22, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 139
Views: 13414

Re: Are RMDs that bad if you're not an over-saver?

IRAs, whether traditional or Roth, can only be funded with earned income. So the taxman expecting to get his cut from that earned income at some point in time should not be unexpected. And the "I" in IRA is for individual (which has been affirmed by the US Supreme Court). So the expectation is that ...
by Pigeye Brewster
Fri Mar 22, 2019 9:17 pm
Forum: Investing - Theory, News & General
Topic: Your thoughts on the teachings of Ed Slott
Replies: 52
Views: 5439

Re: Your thoughts on the teachings of Ed Slott

I have never read Ed Slott's book nor listened to him on programs, but I do frequent his website regularly, www.irahelp.com and receive email updates regularly from his site. He has several tax attorneys and CPA's writing for him and I find their articles very helpful - not too complicated yet expl...
by Pigeye Brewster
Fri Mar 22, 2019 9:11 pm
Forum: Personal Investments
Topic: VXUS now lower cost than VTIAX. Should I convert?
Replies: 28
Views: 2734

Re: VXUS now lower cost than VTIAX. Should I convert?

Let's back up a minute. Why are you in both of these to begin with? They both track the same index. Does that reason to invest in two of the same index-tracking product still apply? Let's back up another minute. Not only do they track the same index, they're simply different share classes of the sa...
by Pigeye Brewster
Thu Mar 21, 2019 7:13 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 11843

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

Taylor Larimore wrote:
Thu Mar 21, 2019 3:28 pm

2018 Toyota Corolla 4-door sedan 5-year cost to own: $26,149 (new $18,978)
Mrs. Pigeye has a 2019 Corrolla that we got for an even better price during Toyotathon. Excellent car, we love it.

Now I love it even more. Thanks, Taylor. :beer
by Pigeye Brewster
Sat Mar 16, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: How many companies have you worked for?
Replies: 125
Views: 6476

Re: How many companies have you worked for?

Before/during college: 1
After college: 2
by Pigeye Brewster
Fri Mar 15, 2019 9:37 pm
Forum: Personal Investments
Topic: HCE/mega backdoor Roth risk?
Replies: 18
Views: 2107

Re: HCE/mega backdoor Roth risk?

So here's an update because I like it when people post updates for threads I contributed to. Today is the deadline for after tax contributions to be returned to me according to the plan document. I was beginning to think my mega backdoor Roth gambit was going to result in a big fat Roth space injec...
by Pigeye Brewster
Fri Mar 15, 2019 9:21 pm
Forum: Personal Investments
Topic: 401(K) and asset protection
Replies: 30
Views: 1648

Re: 401(K) and asset protection

Don't comingle 401(k) rollover funds with contributed IRA funds. Natalie Choate has written that IRAs funded from qualified plan rollovers have better asset protection than contributory IRAs.
by Pigeye Brewster
Mon Mar 11, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: MMM on pbs newshour
Replies: 9
Views: 2956

Re: MMM on pbs newshour

cap396 wrote:
Mon Mar 11, 2019 7:37 pm
Do you know if this is a replay of the same segment from a few months ago, or is this new?
Replay.
by Pigeye Brewster
Fri Mar 08, 2019 9:25 pm
Forum: Personal Investments
Topic: In-Service After Tax 401k to Roth IRA Rollover
Replies: 11
Views: 640

Re: In-Service After Tax 401k to Roth IRA Rollover

Thank you all for the insightful ideas an opinions. I believe for now I will continue to contribute all my 401k dollars as pre-tax and then just contribute to a Roth on the side as normal. I suppose why have all my eggs in one basket, might as well diversify my tax advantage accounts just like inve...
by Pigeye Brewster
Fri Mar 08, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: When were you able to max out your 401k, IRAs?
Replies: 69
Views: 4992

Re: When were you able to max out your 401k, IRAs?

IRA Contribution limits history... https://farm8.staticflickr.com/7819/46403859825_70dbbcc0c7_z.jpg https://www.financialsamurai.com/ The heading on this chart says "Historical Roth IRA Contribution Limits" but Roth IRAs didn't become available until 1998. And catch up contributions didn't exist fo...
by Pigeye Brewster
Fri Mar 08, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Rate
Replies: 97
Views: 7436

Re: Savings Rate

There's not a magic number. When asked how to become a better cyclist, Eddy Merckx, the greatest of all time simply replied "ride lots". The same applies to retirement savings, i.e. "save lots". :beer
by Pigeye Brewster
Thu Mar 07, 2019 9:37 pm
Forum: Personal Consumer Issues
Topic: First “financial” thing you do in the morning
Replies: 80
Views: 5421

Re: First “financial” thing you do in the morning

I sleep until I wake up without an alarm clock. Needing an alarm clock is a sign of sleep deprivation. Sleep deprivation spuriously increases your tolerance for risk. So, by sleeping until I wake up on my own and preventing sleep deprivation, I prevent rash decisions resulting from a skewed percept...
by Pigeye Brewster
Tue Mar 05, 2019 10:51 am
Forum: Personal Investments
Topic: Mega Backdoor Roth & tIRA
Replies: 1
Views: 139

Re: Mega Backdoor Roth & tIRA

Yes. IRA limits and 401(k) limits are separate and apart.
by Pigeye Brewster
Fri Mar 01, 2019 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Employer wont allow 401K catch up contributions!
Replies: 14
Views: 1625

Re: Employer wont allow 401K catch up contributions!

HR/benefits people are wrong often. I would confirm the information. yep - the dufus at the plan administrator didnt have the facts straight. But at least it only took 16 days to get their reply to my wife's email that was supposed to be answered within 2 business days Good. Catch up contributions ...
by Pigeye Brewster
Fri Mar 01, 2019 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Chartered financial analyst
Replies: 4
Views: 478

Re: Chartered financial analyst

Another CFA charterholder here, from back in the day (25+ years ago). Very good program and well regarded. It's helpful both in skills gained and in opening career doors. The program is academically rigorous, at a level roughly equivalent to graduate business school. It's self study, so being self-m...