Search found 132 matches

Return to advanced search

Re: AA Advice for newly married. Are we doing this right?

You listed AA as 70/20/10. You are aware that your AA is 80/20? There is no problem with your fund placement because you have good fund available in all account and no need for taxable. For bonds, I suggest st-term investment grade (corporate) if these are the only two choices. Are you using a Roth...
by Xile F Investor
Mon Oct 14, 2013 11:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA Advice for newly married. Are we doing this right?
Replies: 13
Views: 783

Re: AA Advice for newly married. Are we doing this right?

Xile: Congratulations on your recent marriage. Ours lasted 62 years. I hope that you are as fortunate. Your post reflect the good advice you have learned from your reading and time spent here. In answer to your questions, I think it is best for married couples to agree on their stock/bond allocatio...
by Xile F Investor
Mon Oct 14, 2013 11:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA Advice for newly married. Are we doing this right?
Replies: 13
Views: 783

Re: AA Advice for newly married. Are we doing this right?

FYI, I remembered and found a link to one of the influences for my equity AA. Read the last section. The equity AA can definitely be a debate (which I'm sure exists on this forum), so I can start another thread if needed. http://www.clarkhoward.com/news/clark-howard/personal-finance-credit/advanced-...
by Xile F Investor
Mon Oct 14, 2013 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA Advice for newly married. Are we doing this right?
Replies: 13
Views: 783

Re: AA Advice for newly married. Are we doing this right?

I built a spreadsheet to help re balance over multiple accounts and also to calculate the allocation of future contributions to keep allocation from shifting too much. We are in a position where we have to rebalance over multiple accounts because her 401k has a generous match but no international f...
by Xile F Investor
Mon Oct 14, 2013 3:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA Advice for newly married. Are we doing this right?
Replies: 13
Views: 783

Re: AA Advice for newly married. Are we doing this right?

Just in case anybody is curious about what background I have in investing... I've never actually taken the time to detail my investment strategy, but among the sources for my limited knowledge I've read Bogleheads Guide..., All about Asset Allocation (Rick Ferri), The Only Investment Guide You'll Ev...
by Xile F Investor
Mon Oct 14, 2013 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA Advice for newly married. Are we doing this right?
Replies: 13
Views: 783

AA Advice for newly married. Are we doing this right?

My wife and I got married in June/2013 and we now share our investment/retirement portfolio. Please let me know if we are approaching the married Asset Allocation strategy in the right way. My major concern is my confusion about how to split AA across account types (IRA, 401K, etc.) and people (my w...
by Xile F Investor
Mon Oct 14, 2013 1:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA Advice for newly married. Are we doing this right?
Replies: 13
Views: 783

Re: Can the US government actually pay down debt?

The government can purchase it's own debt instruments on the open market. You might also want to research what happened the last time the government ran a surplus (during the Clinton administration). The treasury stopped issuing some types of bonds, including 30 year treasuries, and there were conc...
by Xile F Investor
Wed Oct 09, 2013 1:17 pm
 
Forum: Investing - Theory, News & General
Topic: Can the US government actually pay down debt?
Replies: 12
Views: 1334

Re: Can the US government actually pay down debt?

So, it sounds like the US government can stop taking on new debt (whether to pay of old debt or any other reason) and direct current revenue to pay off existing debt. But they can't actually "pay down" existing debt?
by Xile F Investor
Wed Oct 09, 2013 12:59 pm
 
Forum: Investing - Theory, News & General
Topic: Can the US government actually pay down debt?
Replies: 12
Views: 1334

What influence does China have with US debt?

I often hear that "China has most of the US debt" and I've seen the tables and charts providing the real details. But this debt is in the form of US Treasury bills, notes, bonds, and TIPS (unless I am wrong). So my question has always been, what can China (or any group/organization with US...
by Xile F Investor
Wed Oct 09, 2013 12:57 pm
 
Forum: Investing - Theory, News & General
Topic: What influence does China have with US debt?
Replies: 6
Views: 476

Can the US government actually pay down debt?

My understanding is that all of the US government debt is issued in Treasury bills, notes, bonds, and TIPS. I believe these are all non-callable. So if the US government can only pay the interests/principle that is due on bond type, is it possible for the US government to actually "pay down&quo...
by Xile F Investor
Wed Oct 09, 2013 12:53 pm
 
Forum: Investing - Theory, News & General
Topic: Can the US government actually pay down debt?
Replies: 12
Views: 1334

Re: Small Business: Taking Draws from an LLC

I was reading "Small Business Taxes Made Easy" by Eva Rosenberg, and she makes the point that when a business is paying guaranteed payments to a member of an LLC that this should be a reasonable compensation for the person receiving the payments based on industry position and locality. I t...
by Xile F Investor
Thu Sep 12, 2013 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Small Business: Taking Draws from an LLC
Replies: 33
Views: 1830

Re: Finding a good honest Small Business Tax Accountant

What the AICPA be a good place to shop for a Tax Accountant?

I found this great link that mentions them in trying to find a tax preparer or tax accountant for one's self.

http://lifehacker.com/5881487/how-do-i- ... ofessional
by Xile F Investor
Sat Aug 31, 2013 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finding a good honest Small Business Tax Accountant
Replies: 4
Views: 493

Re: Small Business: Taking Draws from an LLC

@ All posters - I've really learned a bunch here, thanks for taking the time to respond in such detail. @ Meg77 - Thanks for the targeted responses, it helps bring everything together for me. @ Jack - A few posters have mentioned the "qualified joint venture", but we already filled the pap...
by Xile F Investor
Thu Aug 15, 2013 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Small Business: Taking Draws from an LLC
Replies: 33
Views: 1830

Re: Small Business: Taking Draws from an LLC

Follow up question about taxes related to paying oneself from the business: Since we are treated as a married couple sole proprietorship (or a partnership, still trying to understand this), when we pay taxes on a monthly, quarterly, or annual basis, can we take this money out of the business account...
by Xile F Investor
Thu Aug 15, 2013 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Small Business: Taking Draws from an LLC
Replies: 33
Views: 1830

Re: Small Business: Taking Draws from an LLC

As I understand it, a H/W combo can be considered a joint venture and file separate Schedule C's (like sole proprieters) reflecting their respective shares of the business income and expenses but only if they are NOT operating as an LLC. Am I correct that you started this business in 2013 and have ...
by Xile F Investor
Thu Aug 15, 2013 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Small Business: Taking Draws from an LLC
Replies: 33
Views: 1830

Re: Small Business: Taking Draws from an LLC

Founded business with my partner when we were engaged. Now married to each other. I think we are treated as a sole proprietorship?
by Xile F Investor
Thu Aug 15, 2013 8:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Small Business: Taking Draws from an LLC
Replies: 33
Views: 1830

Re: Paying oneself in a Small Business

SteveKL wrote:The OP has two over-lapping threads going with similar questions and responses in each.

See viewtopic.php?f=2&t=121508


Thanks for connecting. Posts are slightly different, but i didnt want to muddy the waters.
by Xile F Investor
Wed Aug 14, 2013 10:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying oneself in a Small Business
Replies: 22
Views: 1293

Re: Paying oneself in a Small Business

This might help you... it's my write-up of how taxation works for LLCs, including the case of multiple LLC owned by husband and wife... http://www.llcsexplained.com/llcsexplained-taxation.htm Based on what you describe, I'm think you have a partnership return to file. Also, for the record, I would ...
by Xile F Investor
Wed Aug 14, 2013 10:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying oneself in a Small Business
Replies: 22
Views: 1293

Re: Small Business: Taking Draws from an LLC

I believe I found a link that explains it very well using examples that build on each other. http://answers.onstartups.com/questions/32764/how-to-take-a-draw-in-a-multi-member-llc Now my only question is, do we have to do anything special to take money out of the business as a Guaranteed Payment tha...
by Xile F Investor
Wed Aug 14, 2013 1:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Small Business: Taking Draws from an LLC
Replies: 33
Views: 1830

Re: Small Business: Taking Draws from an LLC

I think I got it, but let me create a scenario. Revenue = $20K Expenses (tax deductable) = $15K Draw = $3K For our non-corporation LLC, - we would pay taxes on $5K (Revenue/$20K - Expenses/$15K) in addition to paying income on any other income we receive in the tax year. - we would not pay addition...
by Xile F Investor
Wed Aug 14, 2013 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Small Business: Taking Draws from an LLC
Replies: 33
Views: 1830

Re: Small Business: Taking Draws from an LLC

I think I got it, but let me create a scenario. Revenue = $20K Expenses (tax deductable) = $15K Draw = $3K For our non-corporation LLC, - we would pay taxes on $5K (Revenue/$20K - Expenses/$15K) in addition to paying income on any other income we receive in the tax year. - we would not pay additiona...
by Xile F Investor
Wed Aug 14, 2013 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Small Business: Taking Draws from an LLC
Replies: 33
Views: 1830

Small Business: Taking Draws from an LLC

We (wife & I) have a partnership filed as an LLC in VA, started in Feb/2013. We would like to take draws out from the business. I'd like to state my understanding/assumptions (to be corrected if wrong) then ask my questions. Understanding / Assumptions: 1. draws are not taxed at any level 2. we ...
by Xile F Investor
Wed Aug 14, 2013 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Small Business: Taking Draws from an LLC
Replies: 33
Views: 1830

Re: Paying oneself in a Small Business

Though we didn't sit face to face with a professional we did start by using the Legal Zoom monthly service. We spoke to the same lawyer (one from our area) a couple of times a week w/ a list of questions before finalizing the decision on business structure. She directed us to save some of our quest...
by Xile F Investor
Tue Aug 13, 2013 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying oneself in a Small Business
Replies: 22
Views: 1293

Re: Paying oneself in a Small Business

@ englishgirl - we have the same questions. let me know if you find the answers. @magellan - we are tracking all expenses and income on paper, in spreadsheets, and kinda in quickbooks. And we keep all receipts. Holding out until we get to sit down w/ a professional. I think I can take it from there ...
by Xile F Investor
Tue Aug 13, 2013 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying oneself in a Small Business
Replies: 22
Views: 1293

Re: Paying oneself in a Small Business

Disclaimer - I own a small LLC - I am not an attorney or CPA. (+1) You will file Sch. C for the business with your 1040. If you look at the form now, it will help you organize a chart of accounts for the business. Understanding quarterly estimated taxes is important. Once your cash flow starts and ...
by Xile F Investor
Tue Aug 13, 2013 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying oneself in a Small Business
Replies: 22
Views: 1293

Re: Paying oneself in a Small Business

These are critical things that you should know about how the business entity is going to be structured. It really is the type of thing you should work out before kicking off the business. You really could use a professional to walk you through the implications because these alternatives make a big ...
by Xile F Investor
Tue Aug 13, 2013 3:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying oneself in a Small Business
Replies: 22
Views: 1293

Re: Paying oneself in a Small Business

@ dpc Disclaimer - I own a small LLC - I am not an attorney or CPA... 2. You "pay" yourself by taking a draw from your partnership account. Just write a check to yourself, sign it yourself and then endorse it on the back. It seemed really weird the first time I did it, but it works. I read...
by Xile F Investor
Tue Aug 13, 2013 3:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying oneself in a Small Business
Replies: 22
Views: 1293

Re: Where to find a bogleheads like community for small busi

Would it make sense to add a poll to this thread to see how many people would find value in a Bogleheads forum just for business?
by Xile F Investor
Tue Aug 13, 2013 11:29 am
 
Forum: Forum Issues and Administration
Topic: Where to find a bogleheads like community for small business
Replies: 14
Views: 1221

Finding a good honest Small Business Tax Accountant

I'd like to know where I can find a good and honest Small Business Tax Accountant. I've just started a small business with my wife, and I'd like to get as far as I can go w/out paying for the information. So I'm reading books and asking for help. But I'll eventually need a professional. From this si...
by Xile F Investor
Tue Aug 13, 2013 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Finding a good honest Small Business Tax Accountant
Replies: 4
Views: 493

Paying oneself in a Small Business

My wife and I have recently started a small business and I have some questions about paying ourselves (or rather my wife as she provides the services). Context: We have a mental health services business and my wife is a psychologist. We have a partnership filed as an LLC in the state of VA (though w...
by Xile F Investor
Tue Aug 13, 2013 11:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying oneself in a Small Business
Replies: 22
Views: 1293

Re: Should i treat business debt like personal debt?

@Jason Hull - can you share any of your friend's low cost marketing strategy?
by Xile F Investor
Mon Aug 05, 2013 11:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should i treat business debt like personal debt?
Replies: 10
Views: 783

Re: Should i treat business debt like personal debt?

@magellan - We are moving into a new office and I wanted to invest in "professional looking" furniture as opposed to an eclectic collection of second hand furniture. There are areas near where we live where we can get away w/ the second hand mix, but we are not moving into that type are or...
by Xile F Investor
Mon Aug 05, 2013 11:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should i treat business debt like personal debt?
Replies: 10
Views: 783

Re: Where to find a bogleheads like community for small busi

Thanks for all the great responses. I'll definitely look into SUCCEED and SCORE, as well as the link to recommended reading. Sounds like there are some knowledgeable folks like SteveKL on this site that may be able to answer some of my entry level questions. So I'll scour the site and start here wit...
by Xile F Investor
Sat Aug 03, 2013 2:12 am
 
Forum: Forum Issues and Administration
Topic: Where to find a bogleheads like community for small business
Replies: 14
Views: 1221

Re: Should i treat business debt like personal debt?

Thanks for the feedback, I'm starting to change my thinking on the business debt, especially since we are an LLC right now, and all the debt is actually in our name. At some point I hope to switch over to an S-corp, but still looking for guidance on that. We are working on a business plan (we have s...
by Xile F Investor
Sat Aug 03, 2013 2:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Should i treat business debt like personal debt?
Replies: 10
Views: 783

Where to find a bogleheads like community for small business

My wife and I have recently started a small business. Over the years I feel like I've learned so much from reading the bogleheads forum and have even had a few personal questions of my own answered. Without this site I'd be soooo off track from where I am today. Does anybody know of a similar type o...
by Xile F Investor
Thu Aug 01, 2013 11:30 pm
 
Forum: Forum Issues and Administration
Topic: Where to find a bogleheads like community for small business
Replies: 14
Views: 1221

Should i treat business debt like personal debt?

So during my 20's I racked up a bit of debt (2K in CC, 20K in student loans, 24K in car loan). Small to some, big to others. I paid aggressively against it all, and I'm now of the mindset I don't want to go in debt or finance anything. (though I have a mortgage and am newly married to my wife who ha...
by Xile F Investor
Thu Aug 01, 2013 11:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should i treat business debt like personal debt?
Replies: 10
Views: 783

Roth 401k conversion, from fiscal cliff

Apparently the government wants more money fast, so they are allowing Roth 401k conversions for all.

http://www.forbes.com/sites/ashleaebeli ... liff-deal/

Check your employer for availability.
by Xile F Investor
Wed Jan 02, 2013 11:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k conversion, from fiscal cliff
Replies: 5
Views: 1108

Re: Employment Style Change: Any Advice Welcome

Would encourage her to focus on passing the EPPP so that she can become licensed. Thanks epictetus, that's the plan. unfortunately w/ the VA rules, she can not take it again for a year, so the studying will lead up to that point. But in the meantime, we were trying to be strategic w/ the long term ...
by Xile F Investor
Sun Dec 30, 2012 9:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employment Style Change: Any Advice Welcome
Replies: 5
Views: 663

Re: Employment Style Change: Any Advice Welcome

Thank you livesoft. I want to find out how long she can get COBRA coverage, they we may discuss getting married by law earlier than the ceremony date. Another, some what related, consideration I would like to ask about is IRA roll-over. She (fiance) has a Roth IRA and a 457 plan from her current (so...
by Xile F Investor
Sat Dec 29, 2012 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Employment Style Change: Any Advice Welcome
Replies: 5
Views: 663

Re: Where to Keep Medium Term Savings

I would also consider iBonds if you can part with your funds for at least a year. Between a year and 5 years, the rate minus the penalty is still competitive w/ the likes of ING/Ally/Penfed or the Vanguard funds, and you don't pay federal taxes on your gains. After 5 years, no penalty. The only vari...
by Xile F Investor
Sat Dec 29, 2012 10:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to Keep Medium Term Savings
Replies: 28
Views: 2763

Employment Style Change: Any Advice Welcome

I live with my fiance who is a psychologist being let go from her job at the beginning of the year, because she has not passed her EPPP test yet (but she was close). Over the year she was worked off hours here and there with 2 companies to do contracting work. She has recently been introduced to 2 o...
by Xile F Investor
Sat Dec 29, 2012 9:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Employment Style Change: Any Advice Welcome
Replies: 5
Views: 663

Re: Value Averaging

@Dave sounds like I'm doing what you described. Making 1/yr lumpsum contributions to IRA and allocating those contibutions to balance my AA. I wanted to 1) figure out if I'm doing the right thing. 2) figure out what it's called. @LadyGeek you answered my question about if I'm doing VA, which I'm not...
by Xile F Investor
Sat Nov 24, 2012 2:31 pm
 
Forum: Investing - Theory, News & General
Topic: Value Averaging
Replies: 37
Views: 1935

Re: Value Averaging

I read the wiki post. I DCA into my Roth, but rebalance into the funds in the Roth (as part of my quarterly rebalancing). I contribute to my Roth once at the beginning of the year. I thought I was doing DCA into IRA and Value Averaging into funds, but now it sounds like I'm not. How would one charac...
by Xile F Investor
Sat Nov 24, 2012 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: Value Averaging
Replies: 37
Views: 1935

Re: Roth 401(k) + Roth IRA?

Slappy600cc wrote:I'm utilizing both Roth's right now and will for the next few years because I am in the 15% tax bracket and my pension will put me in the 25% bracket at retirement.


Assuming tax brackets stay the same until that point in time.
by Xile F Investor
Thu Feb 23, 2012 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) + Roth IRA?
Replies: 12
Views: 697

Re: Roth 401(k) + Roth IRA?

Is there a "back door Roth" for a 401K too? Or just the IRA?

Also, do the AGI phaseout limits apply to Roth 401k's too?
by Xile F Investor
Wed Feb 22, 2012 11:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) + Roth IRA?
Replies: 12
Views: 697

With Individual Bonds for AA, go Short, Mid, or Long?

I'm skimming through (not reading, but skimming) Suze Orman's money class. As many have noted on this site, Suze bad talks bond funds, and promotes individual bonds. In her bond sections under the retirement chapter, she talks about making a bond ladder, but with 3-5 year bonds. IF I were to supplem...
by Xile F Investor
Tue Nov 08, 2011 11:08 pm
 
Forum: Investing - Theory, News & General
Topic: With Individual Bonds for AA, go Short, Mid, or Long?
Replies: 5
Views: 560

Re: Received final 2% rewards from Schwab Visa

Aye, it was great while it lasted. I just signed up for the 2% card from Sallie Mae: http://www.mydollarplan.com/sallie-mae-cash-back-credit-card/ It's a pain to switch cards, but apparently the existing FIA (formerly Schwab) cards will be canceled, so we'd have to update all the auto-pay stuff any...
by Xile F Investor
Sun Nov 06, 2011 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Received final 2% rewards from Schwab Visa
Replies: 100
Views: 7617

Re: Treasury Direct logon procedure

The treasurydirect site must be down because I couldn't get on after repeated tries. All other websites worked just fine. I'm having the same issue. Either "everybody" is checking out the new login in, or some devloper botched the code for the new login. Or rather, these are just the firs...
by Xile F Investor
Sun Nov 06, 2011 4:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct logon procedure
Replies: 59
Views: 4289

Re: Treasury Direct logon procedure

The treasurydirect site must be down because I couldn't get on after repeated tries. All other websites worked just fine. I'm having the same issue. Either "everybody" is checking out the new login in, or some devloper botched the code for the new login. Or rather, these are just the firs...
by Xile F Investor
Sun Nov 06, 2011 4:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct logon procedure
Replies: 59
Views: 4289
Next

Return to advanced search