Search found 479 matches

by Hayden
Thu Jul 02, 2015 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k for real estate llc?
Replies: 9
Views: 457

Re: Solo 401k for real estate llc?

I had a similar setup and was never able to do a retirement plan for the real estate LLC. Take a look at the rules on related companies. I believe, in a nutshell, if the ownership of the companies is the same, and you set up a retirement plan in one, you have to apply it to the employees of the othe...
by Hayden
Sun Jun 28, 2015 9:16 am
Forum: Personal Consumer Issues
Topic: Three devices = redundancy
Replies: 34
Views: 3542

Re: Three devices = redundancy

I've been wrestling with this same issue. I've decided to get the Microsoft Surface. Just need to decide whether to get the new one due out in a couple months, or one of the current ones.
by Hayden
Fri Jun 26, 2015 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring sites for e Verification and another state work
Replies: 3
Views: 380

Re: Hiring sites for e Verification and another state work

I'm not an expert, but since no one else has responded i'll take a stab and someone can correct me if I'm wrong. I would interpret Hiring Site as the location of the hiring manager, personnel files, etc. I assume that is your location. I've hired employees in several different states, and getting se...
by Hayden
Fri Jun 26, 2015 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: What credit should you get? (Ask me anything)
Replies: 52
Views: 5836

Re: What credit should you get? (Ask me anything)

Currently both my personal card and my business card are Costco Amex On my personal Amex card, I charge health insurance, haircuts, and other miscellaneous expenses. about $600/month Business Amex card is various fees, insurance, restaurants, travel. About $5000/year travel; $5000/year computer purc...
by Hayden
Mon Jun 22, 2015 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Role of annuities in low SWR situations
Replies: 29
Views: 3237

Re: Role of annuities in low SWR situations

I'm surprised at all the negative responses here. I've been thinking about this question for my own family. Older family member, outstanding health, every reason to believe he will live to 100. I think his quality of life will be improved by having money magically appear in the account every month. ...
by Hayden
Sun Jun 21, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Issuing a single $590 payment to avoid 1099 reporting
Replies: 13
Views: 1738

Re: Issuing a single $590 payment to avoid 1099 reporting

Personally I don't think there is anything unethical about following the letter of the law. But, having recently been through a State audit, I'll throw out another issue. My auditor was checking that every vendor had a business license. Fortunately, I did have a business license on file for each of ...
by Hayden
Sun Jun 21, 2015 11:26 am
Forum: Personal Consumer Issues
Topic: Banff & Jasper with 1.5-yr old daughter.
Replies: 23
Views: 3216

Re: Banff & Jasper with 1.5-yr old daughter.

The visitor center will give you a wonderful map that lists all the stops along the way from Lake Louise to Jasper. They are NOT well marked on the road, and it is easy to miss them without the map. You set your odometer to 0 at Lake Louise, and then use the map from the visitor center to figure out...
by Hayden
Sun Jun 21, 2015 11:04 am
Forum: Personal Consumer Issues
Topic: [Traveling to] Croatia
Replies: 44
Views: 4299

Re: Croatia

I was in Croatia recently and loved it. Visited many of the places mentioned. Let me just say that Dubrovnik is very touristy. Think Disneyland. Definitely worth a visit, but you definitely want to visit other places as well. Check out Korcula, Split. Every place was terrific. We had a fabulous time...
by Hayden
Sat Jun 20, 2015 11:05 am
Forum: Personal Finance (Not Investing)
Topic: is it better to work for small company rather than big firm?
Replies: 36
Views: 4660

Re: is it better to work for small company rather than big firm?

For some that's an advantage, for others it's a hindrance. Also it's difficult to change departments without changing companies when you're small, the financial rewards and benefits are much smaller, and you learn less overall. Ok, off my soapbox now. Not in my experience. I switched from a tech me...
by Hayden
Fri Jun 19, 2015 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Payroll tax v.s IRA/401(k)
Replies: 10
Views: 1141

Re: Payroll tax v.s IRA/401(k)

To respond to the first response, here is my situation. Sorry it was not clear in the first place. 1. The LLC is elected as S corp and contains passive real estates. 2, There is an option that my wife can be a real estate professional and thus make the income active and pay herself a salary. 3. My ...
by Hayden
Wed Jun 17, 2015 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Going Part time
Replies: 18
Views: 2287

Re: Going Part time

I hire retired people who want to work part time. There are several different models. One works every morning, so that he is free to play golf every afternoon. Others work two or three days a week, giving them a very long weekend. Some take lots of vacations, so are gone for a week or two weeks ever...
by Hayden
Tue Jun 16, 2015 10:23 am
Forum: Personal Consumer Issues
Topic: Most Beautiful Nature Destinations
Replies: 50
Views: 6106

Re: Most Beautiful Nature Destinations

The drive from Banff to Jasper is spectacular. I loved my visit to that area.
by Hayden
Tue Jun 16, 2015 10:20 am
Forum: Personal Finance (Not Investing)
Topic: is it better to work for small company rather than big firm?
Replies: 36
Views: 4660

Re: is it better to work for small company rather than big firm?

Lots of good points here. I would emphasize that it depends on the individual. I have seen some people thrive and others be miserable and flounder, at the same small business. For example, some people want structure and established procedures for everything; others love being able to create things t...
by Hayden
Fri Jun 05, 2015 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Does too high initial house asking price kill chance at selling house?
Replies: 50
Views: 4721

Re: Does too high initial house asking price kill chance at selling house?

In my area, there is a real problem with low appraisals. People aren't selling because the appraisals are coming in so low. Here's my personal case. I put a house on the market, got three offers within two days. Accepted the cleanest full price offer. We are scheduled to close in less than a week, ...
by Hayden
Fri Jun 05, 2015 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Does too high initial house asking price kill chance at selling house?
Replies: 50
Views: 4721

Re: Does too high initial house asking price kill chance at selling house?

In my area, there is a real problem with low appraisals. People aren't selling because the appraisals are coming in so low. Here's my personal case. I put a house on the market, got three offers within two days. Accepted the cleanest full price offer. We are scheduled to close in less than a week, a...
by Hayden
Fri Jun 05, 2015 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Steps to Close a Company
Replies: 5
Views: 757

Re: Steps to Close a Company

Bumping one time to see if any attorneys or accountants will weigh in.
by Hayden
Fri Jun 05, 2015 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Self-employment / small business - investing options
Replies: 4
Views: 467

Re: Self-employment / small business - investing options

In my personal case, after 15 years in business, I am now painfully aware that I have overpaid my taxes by several hundred thousand dollars because my company was not set up optimally. What I would do in your situation is this. Pay for professional advice, perhaps from two different people. Then pos...
by Hayden
Fri Jun 05, 2015 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Keys to making self employment worth it.
Replies: 11
Views: 1900

Re: Keys to making self employment worth it.

Even though you are in an income tax free state, you may still have to pay state taxes. I live in an income tax free state, and I am required to file and pay state taxes each month. States have a variety of taxes; you'll want to research the situation in your particular state for your particular ind...
by Hayden
Wed Jun 03, 2015 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: "free" identity theft protection deal
Replies: 15
Views: 1185

Re: "free" identity theft protection deal

I've had lots of breaches of my data, so I've been under this free coverage for quite a while. When I got A letter a few months ago, I called ProtectMyID and they explained that the level of service purchased by the new company was lower than the level of service I currently have. So they recommende...
by Hayden
Wed Jun 03, 2015 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Steps to Close a Company
Replies: 5
Views: 757

Steps to Close a Company

Finally sold my last rental property (yea!) so can now shut down the rental company. It is an LLC filing Form 1065 with three Members. I am looking for advice on the process to close the company. Here is what I plan. Please let me know what I’ve missed, and if I have things in the wrong order: - Pay...
by Hayden
Wed Jun 03, 2015 10:53 am
Forum: Personal Consumer Issues
Topic: Perpetual Travelling
Replies: 73
Views: 9824

Re: Perpetual Travelling

Great thread. I'm planning to do this starting next winter. I've already booked an apartment in Spain for two months. I've been worried about banking, doing my taxes, running my business, while I'm out of the country. Has anyone had any issues with this?
by Hayden
Sat May 30, 2015 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to Estimate Nonresident Taxes in Multiple States
Replies: 3
Views: 367

Re: How to Estimate Nonresident Taxes in Multiple States

I had a bad experience with Turbotax doing my 2014 taxes. Turbotax calculated a number for the nonresident state that made no sense to me. So I downloaded the state tax bulletin and worked through it myself. It showed 0 tax due. Turbotax said I owed thousands. So I called the State and went through ...
by Hayden
Tue May 26, 2015 8:25 am
Forum: Personal Consumer Issues
Topic: Kitchen Remodeling and Microwave Food
Replies: 30
Views: 1917

Re: Kitchen Remodeling and Microwave Food

CountryBoy wrote:
Uncle Ben's Ready Rice, cooks in 90 seconds, lots of flavors


We do eat rice often, so with a MW do I buy instant rice? 90secs. is pretty fast.


How about buying a rice cooker. They are easy, and you can use it to make rice, oatmeal, quinoa, and other stuff.
by Hayden
Mon May 25, 2015 3:58 pm
Forum: Personal Consumer Issues
Topic: Just bought new car, should I buy extended warranty?
Replies: 29
Views: 1707

Re: Just bought new car, should I buy extended warranty?

You already have a five year base warranty and their power-train warranty goes for ten year which would cover most other large repairs. https://www.hyundaiusa.com/assurance/america-best-warranty.aspx If something like the AC needs to be be repaired after five years it is likely it would cost less t...
by Hayden
Mon May 25, 2015 11:38 am
Forum: Personal Consumer Issues
Topic: Home Remodel - too many decisions, need help!
Replies: 14
Views: 1589

Re: Home Remodel - too many decisions, need help!

When we bought our house, the seller made a big deal about all the expensive wiring he had done. Well, technology changes, and things weren't in exactly the right places for how we wanted to use the house, so we ended up not using the wiring. We set up a wireless network in the house. It works great...
by Hayden
Mon May 25, 2015 10:30 am
Forum: Personal Consumer Issues
Topic: Just bought new car, should I buy extended warranty?
Replies: 29
Views: 1707

Just bought new car, should I buy extended warranty?

We just bought a new Hyundai Genesis. Dealer recommends we buy the extended warranty which would take the 3 year bumper to bumper warranty out to 10 years. Cost is $1495.

What do bogleheads think?
by Hayden
Tue May 05, 2015 7:34 pm
Forum: Investing - Theory, News & General
Topic: Ways to transition income in family business
Replies: 19
Views: 1573

Re: Ways to transition income in family business

I don't understand your question, you want income without it being subject to taxes? Someone's going to have to pay taxes on the income.

More specifically, the answer to your question depends on how the company is organized, e.g., is it an S Corp?
by Hayden
Sun Apr 12, 2015 10:07 am
Forum: Personal Finance (Not Investing)
Topic: [TAX] Shell Company Expenses
Replies: 1
Views: 334

Re: [TAX] Shell Company Expenses

I have read the advice to keep the company open for a few years after it ceases business until the statute of limitations has run out on any potential liabilities. So, I imagine your situation is not uncommon, and the IRS is accustomed to seeing tax returns like yours. But, I am not an accountant or...
by Hayden
Sat Apr 11, 2015 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Anyone semi-retired? What's it like?
Replies: 16
Views: 2679

Re: Anyone semi-retired? What's it like?

The biggest change for me is that I am much healthier now. I used to work all the time and ate most of my meals out. Now I have time to shop for fresh produce and prepare healthy meals. I also have time to exercise every day. I've lost weight and I'm getting into good physical condition. I've also s...
by Hayden
Tue Mar 31, 2015 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: JOWPYN - The Joy of Working Past Your Number
Replies: 55
Views: 8382

Re: JOWPYN - The Joy of Working Past Your Number

After a lifetime of being frugal, it has taken me years to wrap my mind around the idea that I have enough. I am finally coming to grips with the idea that I have more money than I can spend (not more money than anyone can spend, but more money than I need for the lifestyle I choose). I've cut back ...
by Hayden
Tue Mar 31, 2015 2:22 pm
Forum: Personal Consumer Issues
Topic: Looking for Location Leads
Replies: 8
Views: 601

Re: Looking for Location Leads

How about Coeur d'Alene ID?
by Hayden
Mon Mar 30, 2015 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps mailing me dividend checks
Replies: 5
Views: 1374

Vanguard keeps mailing me dividend checks

For the past three quarters, Vanguard has mailed me a paper dividend check, even though my account is set up to deposit dividends to the Prime Money Market account. Each time, I call, and Vanguard confirms that the account is properly set up to deposit dividends. They say they have no idea why this ...
by Hayden
Wed Mar 25, 2015 1:51 pm
Forum: Personal Consumer Issues
Topic: Painting Cabinets and Trim
Replies: 27
Views: 2497

Re: Painting Cabinets and Trim

I am cringing at the thought of painting wood. That is definitely not something to everyone's taste. our cabinets had a lousy finish that was flaking off so we hired someone to paint them beige/antiqued. Perhaps what you are contemplating. She did a fabulous job and we love them. I know some folks w...
by Hayden
Tue Mar 24, 2015 8:23 am
Forum: Personal Finance (Not Investing)
Topic: LTC Insurance Premiums for S Corp Owner
Replies: 3
Views: 333

Re: LTC Insurance Premiums for S Corp Owner

That's what I've done in the past for health insurance. I wasn't aware that long term care insurance was treated in exactly the same way. For 2015, my CPA advised that there is some murkiness on treatment of 2% shareholder health insurance under the new law, so he advised delaying company reimbursem...
by Hayden
Tue Mar 24, 2015 8:16 am
Forum: Personal Finance (Not Investing)
Topic: S-Corp Partner Purchasing Own Health Insurance
Replies: 5
Views: 622

Re: S-Corp Partner Purchasing Own Health Insurance

In the past, the company reimbursed each owner, and reported it as wages on the W2. Then, the individual can deduct it on their personal tax return. With the new health insurance rules, there is some murkiness on this going forward. My CPA recommended that I hold off on doing this for 2015 until lat...
by Hayden
Mon Mar 23, 2015 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a SIMPLE-IRA July 1
Replies: 3
Views: 325

Re: Starting a SIMPLE-IRA July 1

I find it helpful to think in terms of the W2. The maximum matching contribution is 3% of the employee's W2 wages.
by Hayden
Mon Mar 23, 2015 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k and complexity
Replies: 9
Views: 783

Re: Solo 401k and complexity

I started a solo 401k this year, and have been making employee and employer contributions to it. It has been easy. To set it up, I downloaded the forms from Fidelity's website, and then went over each item on the form with a very helpful person from Fidelity. They seemed very happy to walk through t...
by Hayden
Mon Mar 23, 2015 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a SIMPLE-IRA July 1
Replies: 3
Views: 325

Re: Starting a SIMPLE-IRA July 1

Yes, full year limits apply
by Hayden
Mon Mar 23, 2015 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Insurance Premiums for S Corp Owner
Replies: 3
Views: 333

LTC Insurance Premiums for S Corp Owner

I have an owner-only S Corp (two owners) that pays my long-term care insurance premiums (about $60/month). Several years ago, a CPA told me that it is OK for the company to pay these premiums, and that it should not be reported on the W2. With the changes that have occurred surrounding health insura...
by Hayden
Sun Mar 22, 2015 5:55 pm
Forum: Personal Consumer Issues
Topic: Urgent Care Centers - When should they be used?
Replies: 45
Views: 4441

Re: Urgent Care Centers - When should they be used?

The problem is, as a lay person, it is hard to know. I still think I'm a young person, so I believe things like heart attacks and strokes can't happen to me. When I had a problem once, I went to UC. When an older friend had a problem, I took him to the ER. In my case, I err on the side of not going ...
by Hayden
Sun Mar 22, 2015 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Partnership Special Allocation
Replies: 6
Views: 647

Re: Partnership Special Allocation

Thank you, Two Headed Mule, that was very helpful.
by Hayden
Sat Mar 21, 2015 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Partnership Special Allocation
Replies: 6
Views: 647

Re: Partnership Special Allocation

Assuming B is unrelated, the IRS generally has no problem with these sorts of allocations. The agreement between the parties is assumed to be at arm's length and is therefore being done primarily for business considerations rather than tax considerations. The IRS generally only becomes concerned if...
by Hayden
Fri Mar 20, 2015 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Partnership Special Allocation
Replies: 6
Views: 647

Re: Partnership Special Allocation

It can be complicated, but there is nothing in theory preventing you from making the allocations you want: Suppose A puts in $90 and B puts in $10 and property is purchased for $100. The property is then fully depreciated over time, with the depreciation allocated $90 to A and $10 to B. The propert...
by Hayden
Fri Mar 20, 2015 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiation Help: HR won't even bother?!
Replies: 3
Views: 769

Re: Negotiation Help: HR won't even bother?!

Try negotiating the pay grade. If you are entering the government contracting world, you will want to understand their pay grades (they may call this by different names, e.g., labor categories). e.g., ask what grade they have placed you at, and what it takes to be in the next pay grade.
by Hayden
Fri Mar 20, 2015 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: STEM Job Offer Advice: Govt Contractor vs Industry
Replies: 26
Views: 2255

Re: STEM Job Offer Advice: Govt Contractor vs Industry

Since you seem to be interested in money, why not go to Battelle and then leave and start your own company? Many people have done it. There are different ways to do this, e.g., some people develop something at Battelle and then form a company and license it from Battelle.
by Hayden
Fri Mar 20, 2015 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Partnership Special Allocation
Replies: 6
Views: 647

Partnership Special Allocation

I have a real estate LLC (Form 1065) and I plan to sell the property and shut down the LLC in 2015. I’ve been told that I can do a Special Allocation. I will have a CPA do all the filings; I just want to make sure I understand this before I head down this path. Here’s the situation (simplified somew...
by Hayden
Thu Mar 19, 2015 8:22 am
Forum: Personal Finance (Not Investing)
Topic: STEM Job Offer Advice: Govt Contractor vs Industry
Replies: 26
Views: 2255

Re: STEM Job Offer Advice: Govt Contractor vs Industry

National lab work is pretty stable. I don't know your particular situation, but I think you may have underestimated the stability of the national lab job. Do you have a Ph.D? I also don't think national lab pensions are going away. I think a big issue is that you are single. National labs "in t...
by Hayden
Sat Mar 14, 2015 3:32 pm
Forum: Personal Consumer Issues
Topic: Tourists in Manhattan
Replies: 53
Views: 5250

Re: Tourists in Manhattan

I always recommend people eat pizza. I love NY pizza. Nothing else like it.
by Hayden
Sat Mar 14, 2015 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA or SIMPLE (complicated slightly)
Replies: 17
Views: 2576

Re: SEP IRA or SIMPLE (complicated slightly)

Something to consider: can you reduce the employees pay (or future raises) to somewhat compensate for the money you are putting in their retirement account? Reducing employee's pay in conjunction with starting up a SEP IRA to do an end run around equal percentage contribution requirements would not...
by Hayden
Sat Mar 14, 2015 10:45 am
Forum: Investing - Help with Personal Investments
Topic: SEP IRA or SIMPLE (complicated slightly)
Replies: 17
Views: 2576

Re: SEP IRA or SIMPLE (complicated slightly)

When I was faced with this choice (different circumstances), a big issue for me was that the retirement contribution was not something that the employees valued. They wanted cash In their pockets. I chose the SIMPLE, and as it turned out, none of my eligible employees enrolled (despite my continual ...

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