Search found 26 matches

by PescadorPete
Tue Jan 26, 2021 4:00 pm
Forum: Investing - Theory, News & General
Topic: Purchase of VTIAX is Executed When?
Replies: 5
Views: 502

Re: Purchase of VTIAX is Executed When?

Thanks for sharing that article. I was surprised to learn Vanguard may not use the local closing price: "What we do is we take the local closing price and we adjust to a more accurate price when we value the funds at 4 o'clock, East Coast time." "We've got statistical models that help...
by PescadorPete
Tue Jan 26, 2021 3:22 pm
Forum: Investing - Theory, News & General
Topic: Purchase of VTIAX is Executed When?
Replies: 5
Views: 502

Purchase of VTIAX is Executed When?

I understand that a purchase of Vanguard Total Stock Market Index Fund (VTSAX) from settlement funds before the close is executed at today's closing price. But what about a purchase of Vanguard Total International Stock Index Fund (VTIAX)? If one waits until late in the trading day, do you really ge...
by PescadorPete
Wed Jan 13, 2021 2:08 pm
Forum: Personal Investments
Topic: Taxes on 2020 Roth Conversion - Pay When?
Replies: 25
Views: 1360

Re: Taxes on 2020 Roth Conversion - Pay When?

Whether or not you'll need to make an estimated payment is a function of how big the Roth conversion was/is relative to the rest of your income. If Roth conversion is relatively small, you could be in the clear, if it's large, then you're likely on the hook for an estimated payment by Jan. 15th. I'...
by PescadorPete
Wed Jan 13, 2021 9:57 am
Forum: Personal Investments
Topic: Taxes on 2020 Roth Conversion - Pay When?
Replies: 25
Views: 1360

Taxes on 2020 Roth Conversion - Pay When?

I did a Roth conversion the last week of 2020. In the thread where I asked for assistance in determining the conversion amount, it was suggested that I pay the taxes due by January 15, 2021. Why? What happens if I wait and file my return as usual? While I don't have all the forms yet to file my retu...
by PescadorPete
Wed Dec 30, 2020 3:54 pm
Forum: Personal Investments
Topic: Should I do a Roth Conversion?
Replies: 17
Views: 1366

Re: Should I do a Roth Conversion?

The top of the bracket is actually $85,525 taxable income, you should include $12,400 standard deduction as a single, so you can actually convert $85,525 + $12,400 - $10,000 you said you have in dividends = $$87,925. Round it up a little and you can convert $88k at once in 2020. You are expected to...
by PescadorPete
Mon Dec 28, 2020 5:48 pm
Forum: Personal Investments
Topic: Should I do a Roth Conversion?
Replies: 17
Views: 1366

Re: Should I do a Roth Conversion?

I would suggest you convert all the way to the top of the 22% tax bracket, and perhaps even dip a little into the 24% tax bracket. I know it might shock you to do such large conversion ... but your future self will thank you later. I admit... converting to the top of the 22% tax bracket DOES shock ...
by PescadorPete
Mon Dec 28, 2020 12:22 pm
Forum: Personal Investments
Topic: Should I do a Roth Conversion?
Replies: 17
Views: 1366

Should I do a Roth Conversion?

I am 62 and retired. Earlier this year I converted my 401k to a rollover TIRA. That rollover TIRA is barely seven figures and represents about 60% of my retirement holdings. My income for 2020 looks to be less than $10,000 (interest and dividends). My parents are both in their late 80's (and in good...
by PescadorPete
Sat Oct 24, 2020 7:42 pm
Forum: Personal Consumer Issues
Topic: New smoker recommendation?
Replies: 103
Views: 7101

Re: New smoker recommendation?

Cookshack I used Weber products (kettles and then added a Smokey Mountain) for about 40 years. It was not uncommon for me to buy 100+ lbs of charcoal from Lowes and Home Depot when it went on sale. I had my Webers figured out. But once I retired, I was tired of the prep and cleanup. I was also tired...
by PescadorPete
Tue Sep 01, 2020 1:52 pm
Forum: Personal Consumer Issues
Topic: Laura Insurance Adjustor-"Don't Do Anything"
Replies: 7
Views: 1827

Re: Laura Insurance Adjustor-"Don't Do Anything"

Our house flooded during Harvey. We were told the same thing... don't do anything until the adjuster can get out. We ignored that advise. It's Houston; the heat and humidity would turn our house into a mold factory very quickly. But... We had an extensive collection of pictures taken the night befor...
by PescadorPete
Tue May 19, 2020 9:15 pm
Forum: Personal Consumer Issues
Topic: Choosing Kayak Paddles
Replies: 9
Views: 679

Re: Choosing Kayak Paddles

It's an on top Hurricane Kayak: Make/Model Weight Length Beam Capacity Hurricane Skimmer 140 Tandem 65 lbs / 29.48 kg 14’ / 4.27 m 33” / 83.82 cm 425 lbs. / 192.77 kg I'm thinking a 240 cm for you and 230 cm for your wife... low angle on both. As light as you can afford.
by PescadorPete
Mon May 18, 2020 9:22 pm
Forum: Personal Consumer Issues
Topic: Choosing Kayak Paddles
Replies: 9
Views: 679

Re: Choosing Kayak Paddles

Tell us about the kayak. Is it a SINK (sit inside) or SOT (sit on top)? If SOT, does it have a raised seat? Better yet, tell us the make/model kayak. :D
by PescadorPete
Wed Apr 15, 2020 1:57 pm
Forum: Personal Investments
Topic: Converting from traditional 401k to Roth 401K
Replies: 17
Views: 850

Re: Converting from traditional 401k to Roth 401K

There sure are a lot of ifs to consider. Without giving it much thought, I was under the impression that it was most definitely advantageous to convert a rollover IRA to a Roth IRA. Now I see it's not that clear cut. I'll attempt to understand the situation better. But I know myself; most likely ana...
by PescadorPete
Tue Apr 14, 2020 9:23 am
Forum: Personal Investments
Topic: Converting from traditional 401k to Roth 401K
Replies: 17
Views: 850

Re: Converting from traditional 401k to Roth 401K

Then this is a more straightforward question on the wisdom of Roth conversion. That question always boils down to whether you expect your marginal tax rate in retirement vs. your current marginal tax rate. Current market conditions have no impact on the decision either way. If $10k is going to beco...
by PescadorPete
Mon Apr 13, 2020 2:11 pm
Forum: Personal Investments
Topic: Retired... 401k... Now What?
Replies: 20
Views: 2680

Re: Retired... 401k... Now What?

What about this option... Rather than 401k to Rollover IRA to Roth IRA, I could convert some of my traditional 401k to a Roth 401k (with the current administrator of my 401k). Surely that happens quickly and I wouldn't be out of the market for long (if at all). I could then move the Roth 401k direct...
by PescadorPete
Fri Apr 10, 2020 5:37 am
Forum: Personal Investments
Topic: Retired... 401k... Now What?
Replies: 20
Views: 2680

Re: Retired... 401k... Now What?

TonyDAntonio wrote: Thu Apr 09, 2020 9:55 am I think I would wait until the markets are a bit calmer. I know that could take awhile but you are in no rush.
I'd like to do a Roth conversion. So there is SOME sense of urgency.
by PescadorPete
Fri Apr 10, 2020 5:34 am
Forum: Personal Investments
Topic: Retired... 401k... Now What?
Replies: 20
Views: 2680

Re: Retired... 401k... Now What?

Many 401k rollovers can be done in-kind but you have to check to confirm. This might help you deal with being out of the market concerns. Does "in kind" mean the same fund in my 401k has be rolled to the IRA? (My 401k is a T.Rowe Price target-date fund plus a profit contribution portion.)...
by PescadorPete
Thu Apr 09, 2020 9:45 am
Forum: Personal Investments
Topic: Retired... 401k... Now What?
Replies: 20
Views: 2680

Re: Retired... 401k... Now What?

Per the Vanguard website: "Rollovers typically take 2 to 3 weeks to complete but will depend on the other firm." And the process is done via a mailed check.

Is there any way to mitigate a potential loss in value due to market volatility?
by PescadorPete
Thu Apr 09, 2020 9:03 am
Forum: Personal Investments
Topic: Retired... 401k... Now What?
Replies: 20
Views: 2680

Re: Retired... 401k... Now What?

Many 401k rollovers can be done in-kind but you have to check to confirm. This might help you deal with being out of the market concerns. Does "in kind" mean the same fund in my 401k has be rolled to the IRA? (My 401k is a T.Rowe Price target-date fund plus a profit contribution portion.)
by PescadorPete
Wed Apr 08, 2020 7:27 am
Forum: Personal Investments
Topic: Retired... 401k... Now What?
Replies: 20
Views: 2680

Re: Retired... 401k... Now What?

Perhaps my original post was too long-winded. Questions that remain unanswered: "...should I be concerned about using Vanguard since my old rollover IRA account (with a zero balance) still exists there? (I don’t know if they use that same account when a different rollover comes in.) Also, if I ...
by PescadorPete
Wed Apr 08, 2020 7:21 am
Forum: Personal Investments
Topic: Retired... 401k... Now What?
Replies: 20
Views: 2680

Re: Retired... 401k... Now What?

HomeStretch wrote: Tue Apr 07, 2020 6:13 pm If you plan to convert your rollover (traditional) IRA to a Roth IRA, it would be easiest to have the two accounts at the same provider, whether it is Vanguard or Fidelity.
Thanks... that was the plan.
by PescadorPete
Tue Apr 07, 2020 7:10 pm
Forum: Personal Consumer Issues
Topic: Anyone used ultrasound whistle to mitigate dog barking?
Replies: 34
Views: 3063

Re: Anyone used ultrasound whistle to mitigate dog barking?

Airhorn. Only use it when the dog has barked non-stop for over five minutes. It's as much for the offending neighbor as it is for the dog. Believe me... they will hear it in their house. Alert/recruit your neighbors. It's really effective when 2+ airhorns are going off.
by PescadorPete
Tue Apr 07, 2020 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Rural Home: Getting Hardwired?
Replies: 39
Views: 2772

Re: Rural Home: Getting Hardwired?

This won't help you in the near-term; but your $10k expenditure might be old news in a few years: https://en.wikipedia.org/wiki/Starlink
by PescadorPete
Tue Apr 07, 2020 5:31 pm
Forum: Personal Investments
Topic: Retired... 401k... Now What?
Replies: 20
Views: 2680

Re: Retired... 401k... Now What?

make sure your 401k doesn't limit the rollover to the "end of the year", iow no mid year rollovers, my AXA 401k has that restriction Thanks... I checked... There is no such restriction. I can take a distribution, full or partial, any time. However, there is a $50 fee for any distribution,...
by PescadorPete
Mon Apr 06, 2020 8:33 pm
Forum: Personal Investments
Topic: Retired... 401k... Now What?
Replies: 20
Views: 2680

Retired... 401k... Now What?

I retired late last year. My 401k represents about half of our retirement funds. Thanks to insight from this forum, I moved a small rollover TIRA (Vanguard) from a previous employer to my 401k before I retired. So I currently don’t have a TIRA; but I do have a Roth IRA (Vanguard). Bottom line… I cou...