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Re: Tips for incorpating a charity

I wouldn't incorporate or register in California unless the charity is going to be operating and soliciting business in the state. We aren't the most friendly state to operate in. I'd try find a CPA who believes in your cause and get them involved in the charity. You may be able to get the exempt ap...
by billern
Sun Jul 27, 2014 11:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tips for incorpating a charity
Replies: 10
Views: 497

Re: In your opinion, who is in a riskier financial position?

The risk of borrowing against marketable securities is that the loans are often callable or the lender has the right to liquidate the portfolio when the securities drop in value. That is additional risk. Home mortgages are usually not callable. Additionally, home loans are non-recourse in certain st...
by billern
Thu Jul 24, 2014 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: In your opinion, who is in a riskier financial position?
Replies: 36
Views: 2859

Re: Best Coffee Maker? What do you have?

I started doing cold brew coffee. All you need is coffee grounds, a jar, something to filter the coffee when it is done, and 48 hours to let it sit. If you want to get fancy, you can order this: http://www.amazon.com/gp/product/B001UEPGFY/. It holds the coffee grounds while brewing. It makes clean u...
by billern
Wed Jul 23, 2014 2:22 pm
 
Forum: Personal Consumer Issues
Topic: Best Coffee Maker? What do you have?
Replies: 65
Views: 4450

Re: Please help settle an argument

Argument A: It ALWAYS makes sense to take out a vehicle loan, as long as it is no greater than 3-5%, rather than pay cash for the vehicle up front. If you invest the cash in the S&P 500 you will always come out ahead. Big picture, there is no guarantee that you will make money on an investment ...
by billern
Wed Jul 23, 2014 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help settle an argument
Replies: 23
Views: 1950

Re: 24 Years Old Looking for Conservative, Inflation Hedged

At your age, you should have mostly equities. Some people use age in bonds as the determining factor. That would be 24-25% bonds based upon your age. The more conservative you want to be, the larger percentage of fixed income you should hold. The more fixed income you hold, the more likely your port...
by billern
Wed Jul 16, 2014 9:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: 24 Years Old Looking for Conservative, Inflation Hedged Port
Replies: 10
Views: 741

Re: Have you quit your job because of your boss?

I left a dysfunctional work environment. It wasn't one boss per se. It was the tone from the top which was horrible. I haven't regretted the decision once. It is much better to line up a new job before quitting. It is much easier in this environment to get hired for a new job when currently employed...
by billern
Sun Jul 13, 2014 8:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7157

Re: What after-tax income could you live on today?

The problem with this poll is it does not specify who 'you' is.

One person, versus a couple, versus a family have different costs. Looking at a poll that does not differentiate between these categories is like comparing apples to oranges.
by billern
Fri Jul 11, 2014 3:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: What after-tax income could you live on today?
Replies: 48
Views: 5047

Re: Are VRBO upgrades worth it for improving occupancy

A friend used the strategy of listing below market and making sure he kept customers satisfied to get a number of reviews and a high rating on the listing site. Once he got a lot of reviews and was rated highly, he was able to increase the price to market and keep it rented out on a regular basis. I...
by billern
Thu Jul 10, 2014 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are VRBO upgrades worth it for improving occupancy
Replies: 2
Views: 961

Re: International exposure: does it really help?

Maybe I'm just biased but could the current lukewarm sentiment towards international stock be based upon recent performance relative to the US stock market?

I don't want to make a shift out of an asset class just because it has had a bad run recently.
by billern
Wed Jul 09, 2014 7:55 pm
 
Forum: Investing - Theory, News & General
Topic: International exposure: does it really help?
Replies: 75
Views: 7541

Re: Fiduciary Employee Question

ERISA Stone , Employee Fiduciary is an excellent low-cost provider of group 401k plans. You have a solo 401k. If all you need is one form filled out by an expert, use an accountant. It'll be a one-time fee and after you see how it's done you can probably do it yourself the next year. My point is th...
by billern
Wed Jul 09, 2014 5:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Employee Fiduciary] Question
Replies: 10
Views: 1229

Re: Dip into IRAs to pay off CC debt?

Cut costs to avoid any additional CC debt. Get a line of credit on your house to pay off the high interest debt to get the rate lowered. Aggressively pay off debt. As soon as debt it paid off, shift those extra monthly funds towards contributing to retirement accounts for you and your wife\.
by billern
Mon Jul 07, 2014 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dip into IRAs to pay off CC debt?
Replies: 28
Views: 2040

Re: IRS limits direct deposts of refunds to fight Identity T

The IRS has a hard time with this as delaying/limiting direct deposits conflicts with their other stated goal of providing refunds to taxpayers as soon as possible. If people are in a hurry to get their refunds, they should adjust their withholding. While I agree that adjusting withholding during t...
by billern
Mon Jul 07, 2014 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS limits direct deposts of refunds to fight Identity Theft
Replies: 25
Views: 3343

Re: IRS limits direct deposts of refunds to fight Identity T

The IRS has a hard time with this as delaying/limiting direct deposits conflicts with their other stated goal of providing refunds to taxpayers as soon as possible. I wouldn't be surprised if they work out a deal with certain third party vendors (such as tax preparers) that exempts certain approved ...
by billern
Mon Jul 07, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS limits direct deposts of refunds to fight Identity Theft
Replies: 25
Views: 3343

Re: Re-hired at firm, given incorrect 401k info

I am trying to quantify the damage here. Let's say OP makes 150K a year. So he has missed out on 4% of 75K, which is $3000. If he makes 100K, he is missing out on $2000. I must be out of my mind but for that I would not raise a stink at all. I could also that this should be spelled out in the Summa...
by billern
Tue Jul 01, 2014 6:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Re-hired at firm, given incorrect 401k info
Replies: 27
Views: 2299

Re: Re-hired at firm, given incorrect 401k info

Here is what the IRS says: http://www.irs.gov/Retirement-Plans/401(k)-Plan-Fix-It-Guide---Eligible-employees-were-not-given-the-opportunity-to-make-an-elective-deferral-election-(excluding-eligible-employees). and http://www.irs.gov/Retirement-Plans/Fixing-Common-Plan-Mistakes---Failure-to-Provide-a...
by billern
Tue Jul 01, 2014 1:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Re-hired at firm, given incorrect 401k info
Replies: 27
Views: 2299

Re: Diversifying specifically against AAPL?

Sell more of your AAPL stock or give it away to charity. You get a deduction for the current value and don't have to pick up the capital gain into income. This is a good deal if you would otherwise be donating cash to charity as you don't pay tax on the gain.
by billern
Thu Jun 19, 2014 6:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Diversifying specifically against AAPL?
Replies: 16
Views: 941

Re: Experience with Lynda.com? [online tech training]

They have some great excel tutorials. I like the structure. Instead of having to sit through an hour long video, you can search on the site and find a short video that covers the specific function you want to use. It is a very efficient way to learn something specific that you need to impliment.
by billern
Tue Jun 17, 2014 8:02 pm
 
Forum: Personal Consumer Issues
Topic: Experience with Lynda.com? [online tech training]
Replies: 7
Views: 975

Re: Complicated 401(k) question

The $17,500 are not valid deferrals, which must be taken from the paycheck of the employee of the plan sponsor. That's a basic spec found at the beginning of IRC subsection 401(k) and 401(a). I think I agree with this. You cannot make salary deferrals into a non-employee plan. This isn't passing th...
by billern
Tue Jun 10, 2014 1:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Complicated 401(k) question
Replies: 11
Views: 1344

Re: Complicated 401(k) question

We all form an S Corp that then contracts to provide services to the clinic. So I am not an employee of the clinic, only my corporation. I participate with the clinic's 401(k) plan but with my own separate account. Also, the $17,500 contribution was made from my personal money and the remaining mat...
by billern
Mon Jun 09, 2014 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Complicated 401(k) question
Replies: 11
Views: 1344

Re: Best arrangement for two person company (LLC, S-Corp. et

Just from personal experience - you can pay (either via W2 or salary distributions with Self employment taxes) as much as you want. The pass through at the end of the year will be split 50/50 - but if that pass through is only a few thousand dollars (or less - ideally close to zero)- it should not ...
by billern
Thu Jun 05, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best arrangement for two person company (LLC, S-Corp. etc)
Replies: 7
Views: 693

Re: Blind sided by IRS Audit of 2012 return: 529 plan earnin

You are not being audited. What you received is an automated 1099 matching notice. My money would be on the IRS making a mistake with regards to your 529 plan distribution. I've seen it before and the IRS just has a hard time matching those numbers. It does not mean you did something wrong.
by billern
Wed Jun 04, 2014 11:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Blind sided by IRS Audit of 2012 return: 529 plan earnings
Replies: 2
Views: 564

Re: Fitness tracker recommendation

It sounds like you would like the Fitbit One. I clip it onto my pocket and wear it around all day. It syncs to my phone and computer via bluetooth. The only challenge for me is that it is small so it can be lost if you are not careful.
by billern
Mon Jun 02, 2014 7:36 pm
 
Forum: Personal Consumer Issues
Topic: Fitness tracker recommendation
Replies: 12
Views: 978

Re: Heading to Sonoma next week, recommendations please

If you like beer, there is Russian River Brewing in Santa Rosa and Bear Republic in Healdsburg.
by billern
Sun Jun 01, 2014 10:40 pm
 
Forum: Personal Consumer Issues
Topic: Heading to Sonoma next week, recommendations please
Replies: 15
Views: 610

Re: Would you work without pay?

Most importantly to me is that if you're not being paid, your time is pretty close to worthless to your employer. I had to do all kinds of crap that never would have made sense from an efficiency basis if I had been paid even $10/hour. While working for free may get your foot in the door, I found t...
by billern
Thu May 29, 2014 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you work without pay?
Replies: 63
Views: 4016

Re: Your Company Ever Been "Spun-Off"? Any Stories/Suggestio

Start thinking about what value you add and what opportunities you will have in the spun-off company. There may be some opportunities for growth (personally and professionally) and there may be some reason to start thinking about finding a job outside the company.
by billern
Tue May 27, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your Company Ever Been "Spun-Off"? Any Stories/Suggestions?
Replies: 23
Views: 1828

Re: Best Large Purchase(s) Ever?

15 years ago, I shelled out $100 for a technical jacket. It is thin and breathable (ie: not wind or waterproof). At the time, that was a lot of money for me for that type of clothing. 15 years later it still looks good and I wear it all the time. I've looked repeatedly for a replacement but nothing ...
by billern
Tue May 27, 2014 8:24 pm
 
Forum: Personal Consumer Issues
Topic: Best Large Purchase(s) Ever?
Replies: 45
Views: 3216

Re: exchanging foreign currency in washington:ASAP

Steelersfan wrote:Not to be snide, but you put ASAP in your post title and 12 days later you come back to say you'll try some of the suggestions?

Not classy.

But you'll do better next time.
What is the value in attacking OP? Take a deep breath and relax.
by billern
Tue May 27, 2014 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: exchanging foreign currency in washington:ASAP
Replies: 12
Views: 647

Re: This market is a snoozer, do you like it?

Too boring. People, myself included, are becoming complacent. It is funny how quickly people forget the bad when things are good. The next exciting stock market drop will freak people out. My crystal ball says that tech company valuations are once again out of touch with reality (eg: whatsapp and be...
by billern
Tue May 27, 2014 1:08 pm
 
Forum: Investing - Theory, News & General
Topic: This market is a snoozer, do you like it?
Replies: 45
Views: 4517

Re: Profit Sharing plan - must move money upon job terminati

Most plans don't require any paperwork to be sent in if you want to keep the funds in the plan. What does the paperwork say will happen if she doesn't do anything now? On a side note, profit sharing plans sometimes have significant restrictions on when funds can be transferred as they are pooled acc...
by billern
Thu May 15, 2014 2:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Profit Sharing plan - must move money upon job termination?
Replies: 8
Views: 775

Re: Buying a new suit for a promotion

I'm not the most fashionable person out there but I think you would get more mileage out of buying one or more nice sports coats and ties to match. Bring someone with good business fashion taste to help you pick out clothes that are versatile and fit you well. I did this at Nordstroms and found a sp...
by billern
Wed May 14, 2014 6:09 pm
 
Forum: Personal Consumer Issues
Topic: Buying a new suit for a promotion
Replies: 20
Views: 2382

Re: Taking a leave of absence for one year

I did this, under very particular and unusual circumstances. I was working for a company out on the West Coast, but for personal reasons, was very interested in the possibility of returning to the NY area. My company is a global one, but did not then have a position in NY. I applied for and was off...
by billern
Wed May 14, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking a leave of absence for one year
Replies: 37
Views: 2749

Re: RE: CPA for doctors in Chicago

I think that statement is a reference to getting paid based upon the client billings or, more likely, collections.
by billern
Wed May 14, 2014 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: RE: CPA for doctors in Chicago
Replies: 7
Views: 631

Re: Pay Fun First!

I earmark some money each year for travel and take an international trip. Spend some money on memorable experiences each year and it makes being frugal elsewhere easier.
by billern
Wed May 14, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay Fun First!
Replies: 17
Views: 1889

Re: Soylent

Re the official Soylent, $85÷21 meals is not bad, by the way. $4.04 is less than I would spend on a meal at Shake Shack (burger & fries) so I will definitely try it for lunch once in a while to see if it makes me feel full and whether or not I can easily digest it. EDIT : I should note, though,...
by billern
Tue May 13, 2014 8:19 pm
 
Forum: Personal Consumer Issues
Topic: Soylent
Replies: 80
Views: 3178

Re: Soylent

I have tried some DIY with fairly good results for myself. Others who tried my mix objected to the texture. I'm looking forward to trying the official Soylent 1.0 from the company that has been developing it over the last year. I hear that taste/texture is much improved in their final version. They ...
by billern
Mon May 12, 2014 5:39 pm
 
Forum: Personal Consumer Issues
Topic: Soylent
Replies: 80
Views: 3178

Re: Expensive hobbies and possessions? (B/c you can...)

International travel. I'm still young and no kids so primarily to 3rd world countries and places with physical activities (suck as treks). It is really not that expensive in the scheme of things. $2-5K for two people for two weeks for all the costs. That is the annual car payment on that new car I w...
by billern
Tue Apr 01, 2014 1:30 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 13000

Re: (Lack of) Emergency Fund - Are We Crazy?

I do this but don't have a mortgage or dependents. I'd like to think I'd have a less aggressive position if I had large fixed monthly costs and/or people who rely on me. It would lower the stress and potential issues substantially which is worth something.
by billern
Mon Mar 31, 2014 10:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: (Lack of) Emergency Fund - Are We Crazy?
Replies: 44
Views: 3589

Re: S corp doing business in multiple states and taxes

SeattleCPA, Thank you so very kindly for answering my question. Looking through your guide, I was then able to find the apportionment guidelines in most of the other states so it looks like I should advise her to register as a foreign entity in the other states and then file both entity returns and...
by billern
Mon Mar 31, 2014 8:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: S corp doing business in multiple states and taxes
Replies: 3
Views: 312

Re: Buying a house with a partner, not married

Simple. Don't buy a property with someone you are not married to.

It sounds like one spouse has the cash for the down-payment. That person can buy the house if it makes sense for him/her and the other spouse can pay rent if they live together if they really want to buy now. Otherwise, wait.
by billern
Fri Mar 28, 2014 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house with a partner, not married
Replies: 23
Views: 1523

Re: FutureAdvisor reducing exposure to US equities

there's only so many ways you can tell people to "pick an allocation and stay the course." if you want to churn out books, blog posts and newsletters, you have to have something new and interesting to talk about, ad nauseam . If you stay the course, all you can talk about is the folly of ...
by billern
Sat Mar 22, 2014 9:56 pm
 
Forum: Investing - Theory, News & General
Topic: FutureAdvisor reducing exposure to US equities
Replies: 10
Views: 1264

Re: Doing my Taxes Myself(for now) but Need a Good Tax Forum

Tax is a very complicated area and there are nuances based upon both tax law and each individual's particular circumstances. That makes the value of online discussions limited unless you know enough to verify what you read. I'm a CPA that works solely on income tax related matters. I don't even trus...
by billern
Wed Mar 19, 2014 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Doing my Taxes Myself(for now) but Need a Good Tax Forum
Replies: 4
Views: 550

Re: Should you discuss your wages with your peers?

I just don’t see any upside to sharing it. If you’re overpaid, then people are going to look at your differently and possibly with resentment. If you’re underpaid, not sure what you’re going to do with that information. Not like you can say to your manager “Joe makes $2k more than me, I’d like to b...
by billern
Fri Mar 14, 2014 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should you discuss your wages with your peers?
Replies: 82
Views: 6856

Re: Curious outcome, donations and cost basis, 8000%marginal

Print both versions of returns (either paper or pdf) and look at them side by side. You should be able to figure out what is going on with them when you do this.
by billern
Mon Mar 03, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Curious outcome, donations and cost basis, 8000%marginal rat
Replies: 4
Views: 297

Re: $16 BILLION for WhatsApp?!?!?!

At least WhatsApp had the intelligence to accept the offer. That is stupid money! :D
by billern
Wed Feb 19, 2014 7:34 pm
 
Forum: Investing - Theory, News & General
Topic: $16 Billion for WhatsApp?!?!?!
Replies: 51
Views: 3966

Re: Stay for pay, or leave for growth? Seeking opinions.

My immediate instinct at this point is to ride out another 18-24 months where I currently am, finishing my Master's completely this year and then letting my exit tax fall some before revisiting the job hunting process again. On the other hand, at this point I feel like every month\year I spend here...
by billern
Mon Feb 17, 2014 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Stay for pay, or leave for growth? Seeking opinions.
Replies: 14
Views: 1221

Re: Jim Cramer thinks I'm an Idiot

Go look at what I've accomplished and what our viewers have accomplished. Stop insulting them with your nonsense and shut up." [/i] I'd love nothing more than to see what his "viewers have accomplished". Since he appears to present no data to bolster the implication that they've done...
by billern
Wed Feb 12, 2014 1:54 pm
 
Forum: Investing - Theory, News & General
Topic: Jim Cramer thinks I'm an Idiot
Replies: 19
Views: 2201

Re: Wells Fargo or Fidelity brokerage?

If the basis is stepped up, I suggest selling it and reinvesting the proceeds.
by billern
Tue Feb 11, 2014 12:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo or Fidelity brokerage?
Replies: 16
Views: 1509

Re: 100% Stocks?

I am a 32 yo newbie to investing and just finished reading BHs Guide to investing and retirement... My question is, for a young person like myself who is not going to retire for some 30-40 years, why not allocate all to stocks? Say 70 total stock market index fund and 30 international stock market ...
by billern
Fri Feb 07, 2014 5:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100% Stocks?
Replies: 32
Views: 2128

Re: Report this income?

Report income in the year in which it is received, since you are a cash-basis taxpayer. This is other income, not S/E income. Not reported on Schedule C, not earned income so no SEP and no S/E tax.
by billern
Fri Feb 07, 2014 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Report this income?
Replies: 2
Views: 540

Re: Donating Appreciated Securities

As long as the holding period is more than 1 year and you meet the other conditions, you can donate the FMV of the securities donated. The only difference between #1 and #2 is that #2 requires you to pay income tax on the gain on sale while #1 does not. Both should result in the same charitable cont...
by billern
Wed Feb 05, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donating Appreciated Securities
Replies: 11
Views: 508
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