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by ieee488
Thu Apr 30, 2015 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

Focus on your own sales and service. As far as the situation you mentioned, I'll leave you with a quote I overheard an executive tell a bunch of unhappy employees. "Maybe another place will make you happy." You should try asking that executive how he feels about fraud and theft in his own...
by ieee488
Thu Apr 30, 2015 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

As far as bad policy, I can't imagine how anyone would consider it fair if two commissioned workers generated the same number of sales, yet one generated more take home pay becuase of a side deal. Just seems backwards and would pit employees against each other. Two employees doing the same job yet ...
by ieee488
Thu Apr 30, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

I think there is too much focus on the salaried employee. His deal with the company is his deal with the company. Over-performer, under-performer, whatever. I would look at it from the standpoint of the commission sales team. One member of the team is getting more pay (and likely then reaches a hig...
by ieee488
Thu Apr 30, 2015 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

It's obvious you don't work in sales. It's obvious you are very, very angry about this topi and take it very personally. No, I don't work in sales. One doesn't have to be a fisherman to know when something smells "fishy". 8-) No, I am not "very, very angry" about this topi [sic]...
by ieee488
Tue Apr 28, 2015 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

It's obvious you don't work in sales. It's obvious you are very, very angry about this topi and take it very personally. No, I don't work in sales. One doesn't have to be a fisherman to know when something smells "fishy". 8-) No, I am not "very, very angry" about this topi [sic]...
by ieee488
Tue Apr 28, 2015 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

Have you ever worked at a job where you supplemented your pay with a kickback from a fellow employee? Speaking of linguistic gymnastics again... "kickback from a fellow employee". Gee, that's not a loaded way of phrasing it. You don't know the parameters around the deal. The OP is probabl...
by ieee488
Tue Apr 28, 2015 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

Of course it is unethical. I'm embarrassed by the linguistic gymnastics some are using in this thread to defend it. Is that the "nice" way of saying everyone's opinion but yours is invalid? Speaking of linguistic gymnastics, calling this "commission laundering" is a doozy wouldn...
by ieee488
Tue Apr 28, 2015 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: DIY distance moving
Replies: 37
Views: 2596

Re: DIY distance moving

I have done it both ways, and the hybrid DIY is the only way to go. You do all the packing of the small items at a measured pace, sifting and sorting and most importantly TOSSING stuff that you are not absolutely certain you want in your new place. We just moved back to Iowa from Nevada a few weeks...
by ieee488
Tue Apr 28, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

By golly, you are right. I better read more carefully. However, that does not negate the comments made in reply to the 'real' OP's comments. And yet, you are not able to provide any reasonable explanation of why this kickback is being done? Fraud is fraud, whether it involves the OP or not. By your...
by ieee488
Tue Apr 28, 2015 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

It is *still* an ethical issue. The employee is being paid TWICE. Once with the salary and again with the kickback. The salary is suppose to be roughly equivalent to what he would have received with commission. Is a person being paid $100k being payed TWICE because somebody else is earning $50k? Is...
by ieee488
Tue Apr 28, 2015 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

Currently there is no quota. It is a brand new position so nothing has been established. They are giving him time to build it up He does not get paid per unit, his salary is based on what he should sell. Even through there may not be a formal quota there is an implied quota. If he continuously fall...
by ieee488
Tue Apr 28, 2015 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

Currently there is no quota. It is a brand new position so nothing has been established. They are giving him time to build it up He does not get paid per unit, his salary is based on what he should sell. Even through there may not be a formal quota there is an implied quota. If he continuously fall...
by ieee488
Tue Apr 28, 2015 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

nhdean wrote:Currently there is no quota. It is a brand new position so nothing has been established. They are giving him time to build it up


In essence your company is paying two people for the same work.
salary person sells X
kickback salesperson sells Y but gets paid for selling (X + Y)
by ieee488
Mon Apr 27, 2015 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

There are some great points here. I do have to make some things clear. The position is new. It is designed to establish a commercial dept. that did not exist, that is why the salary. The person took the position because it does have a fixed salary plus much better hours and a company car. His perfo...
by ieee488
Mon Apr 27, 2015 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

... Of course, OP feels resentment for this because he's not the one being credited free sales. I think that's a hastily drawn conclusion. Many people have personal standards defining what they consider right and wrong, and this could very well be OP's driver in posing the question. You might think...
by ieee488
Mon Apr 27, 2015 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Ethical [Compensation based on sales]
Replies: 67
Views: 4346

Re: Ethical [Compensation based on sales]

In OP's case, they took an apparently top-performing salesperson and converted him from commission to salary based on x sales. On what basis do you make this statement? He could very well be an underachiever and management is paying him more than he deserves. Perhaps this underachiever has a friend...
by ieee488
Sun Apr 26, 2015 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: How hard is it to set up a solo 401k?
Replies: 15
Views: 1352

Re: How hard is it to set up a solo 401k?

So here's the scheme: I claim a trivial amount of self-employment income, set up a solo 401k, clear up my traditional IRA, and then use my now-empty traditional IRA to do backdoor roth contributions. You can't just claim a trivial amount of self-employment income. You have to actually make the inco...
by ieee488
Sat Apr 25, 2015 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: deadbeat in group
Replies: 7
Views: 2454

Re: deadbeat in group

I spent a good deal of time working in software development and research. More than forty hours a week was expected, particularly if a project was in trouble. If you just work 40 hours and go home at 5pm, you may be seen as a deadbeat yourself. Just be glad you aren't working on a project with him....
by ieee488
Sat Apr 25, 2015 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: 12b-1 and total ER in decision
Replies: 1
Views: 164

Re: 12b-1 and total ER in decision

In my attempts to rebalance to get to my desired AA (75:25 stocks:bonds), I need to add to my bond assets in my IRA. Age 45 years (desired retirement 67 years) Total amount $ 10,000 Choice between AGG iShares Core US Aggregate Bond (ER 0.09% but $ 8.95 fee in Schwab; distribution yield 2.25%) PTTDX...
by ieee488
Sat Apr 25, 2015 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Advice For Buying A House From A Big-Box Builder
Replies: 11
Views: 1875

Re: Advise For Buying A House From A Big-Box Builder

Both my parents and I have bought from "big box" builders. The housing market may be coming back which is why your builder may be reluctant to negotiate. I did not upgrade anything. As I recall some of the upgrades were to be done through the subcontractors. The builder automatically upgra...
by ieee488
Sat Apr 25, 2015 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Help with VAL policy, UTMA accounts, and EE/E Savings Bonds
Replies: 10
Views: 875

Re: Input requested on unwinding accounts my parents opened

If you can, you might want to edit your subject line to specifically state Variable Appreciable Life Policy, UMTA, EE and E savings bonds
by ieee488
Sat Apr 25, 2015 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: deadbeat in group
Replies: 7
Views: 2454

Re: deadbeat in group

That being said, it may not be your job to get involved in this. I say "may" because it depends on security rules in some cases. In my former job with government clearances, we were advised to make note of problematic coworkers... I wasn't planning on getting involved with this. This is a...
by ieee488
Fri Apr 24, 2015 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: deadbeat in group
Replies: 7
Views: 2454

deadbeat in group

After 2 months in my new "temp" job, I have learned that there is a deadbeat in the group. He is so bad, he actually didn't show up at work but did not take PTO when my manager went on vacation. I am currently working on a project where I feel pressured - unspoken - to put in extra time be...
by ieee488
Sun Apr 19, 2015 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Work adjustment options
Replies: 19
Views: 1463

Re: Work adjustment options

If possible I would choose to cut down to 4 days a week. Not always possible with a megacorp. If you are able to do that, I would insist on being paid hourly instead of on a salary. This also may not be possible with a megacorp. The concern there is that you end up putting in the 40 hours of work fo...
by ieee488
Wed Apr 15, 2015 9:10 pm
Forum: Personal Consumer Issues
Topic: noise-blocking headphones
Replies: 39
Views: 3190

Re: noise-blocking headphones

How about a pair of earmuffs that they use when you are a gun range?

I agree with you that it is hard to enjoy the great outdoors when it is NOISY.
by ieee488
Sun Apr 12, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: question about penalty for lack of health insurance
Replies: 7
Views: 922

Re: question about penalty for lack of health insurance

earlyout wrote:You do get the tax benefits of being married all year so perhaps the MFJ status applies all year to the ACA penalty. I don't know.



Perhaps the OP should see whether Married Filing Separately yields more advantageous results?
by ieee488
Sun Apr 12, 2015 10:18 am
Forum: Personal Finance (Not Investing)
Topic: question about penalty for lack of health insurance
Replies: 7
Views: 922

Re: question about penalty for lack of health insurance

Ignore. You don't have to pay the penalty. The government cannot come after you in any way, liens, interest, late-fees, etc. Can you explain this further? ADD: At any rate, I believe the maximum penalty for 2014 is $72. Not sure where you get $2400. Maybe run the numbers on TaxAct just to double-ch...
by ieee488
Sat Apr 11, 2015 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Another new two comma club member
Replies: 13
Views: 1696

Re: Another new two comma club member

FedGuy wrote:
stilts1007 wrote:Congrats! Splurge on some guacamole :)


Nah...I'm too cheap for that.



Guacamole is included if you get the vegetarian burrito. That's what I order. Yum!
by ieee488
Thu Apr 09, 2015 7:34 pm
Forum: Personal Consumer Issues
Topic: Lawn Sprinkler System
Replies: 5
Views: 653

Re: Lawn Sprinkler System

There are informative videos on Youtube.

The builder had a subcontractor put in a system for my house.
Last summer one fo the heads wasn't putting out much water.
Youtube video to the rescue.

Changing heads looks to be fairly easy.
by ieee488
Sat Apr 04, 2015 6:33 am
Forum: Personal Consumer Issues
Topic: Manufactured Spending - Good Idea / Bad Idea?
Replies: 109
Views: 10392

Re: Manufactured Spending - Good Idea / Bad Idea?

There is no need to do it "big time." Getting 4 credit cards/year with 50,000 miles each, gives one 200,000 miles/year which is enough for 2 x 70,000 mile free flights to Asia + 1 x 60,000 mile free flight to Europe. Of course, in the real life the calculations are not so clean: the miles...
by ieee488
Sat Apr 04, 2015 6:27 am
Forum: Personal Consumer Issues
Topic: Manufactured Spending - Good Idea / Bad Idea?
Replies: 109
Views: 10392

Re: Manufactured Spending - Good Idea / Bad Idea?

I suspect that many of the people are doing funny accounting when they add up their earnings from these schemes. You usually do these deals to get travel rewards and not straight cash back. If I earn a free flight with American Airlines that costs $800, but jetblue flies the same route and time for...
by ieee488
Sat Apr 04, 2015 6:22 am
Forum: Personal Consumer Issues
Topic: VRBO rental gone awry- recourse for security deposit?
Replies: 50
Views: 5210

Re: VRBO rental gone awry- recourse for security deposit?

A few hours driving? Let's say four hours, 200 miles of driving, and time off from work. I'd keep the deposit too. I have to drive that far on occasion, and at my age it's exhausting. Plus you blew their day. As to their calling neighbors, maybe they don't know any of the neighbors. I call BS. I si...
by ieee488
Mon Mar 30, 2015 8:47 am
Forum: Personal Finance (Not Investing)
Topic: sign up for another credit card ?
Replies: 6
Views: 875

Re: sign up for another credit card ?

I signed up for the offer online.

This one was a bit sneaky.
Even though it said I was prequalified until 5/17/15, the cash bonus is only valid if I apply one or before 3/31/2015.
by ieee488
Mon Mar 30, 2015 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Schedule D/1099B/Form 8949 Question
Replies: 5
Views: 462

Re: Schedule D/1099B/Form 8949 Question

ieee488, Thanks for your reply. Yes, capital gains were reinvested also. I need to include capital gains that were reinvested from 2006 to the day until I sold the fund (2014), right? Because you did not stop the re-investment, you will have short-term gain/loss and long-term gain/loss. Most likely...
by ieee488
Sun Mar 29, 2015 8:15 pm
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 132
Views: 12909

Re: Hate where we live, do we make major changes?

Wow, I am surprised about Delaware. It is actually first on my list of retirement states. To the OP, if you can, go to a place where you think you would like to live and actually live there. I have lived in 8 places since graduating college. I lived in the panhandle of Texas, NYC, and central Ohio g...
by ieee488
Sun Mar 29, 2015 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule D/1099B/Form 8949 Question
Replies: 5
Views: 462

Re: Schedule D/1099B/Form 8949 Question

Were your capital gain distributions re-invested?
If so, that would also be a part of your cost basis.

Otherwise, you are doing it right.
by ieee488
Sun Mar 29, 2015 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: sign up for another credit card ?
Replies: 6
Views: 875

Re: sign up for another credit card ?

You've convinced me. :-)
by ieee488
Sun Mar 29, 2015 9:42 am
Forum: Personal Finance (Not Investing)
Topic: sign up for another credit card ?
Replies: 6
Views: 875

sign up for another credit card ?

I received an offer from TD Bank. $200 cash bonus when I spend $500 within the first 90 days. There is 5% cash back on the first 6 billing cycle, but there are restrictions in the small print, so I won't be counting on that. After that it is 1% cash back. There is no reason to sign up for this credi...
by ieee488
Fri Mar 27, 2015 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: I'm a single 38 yo female needing financial advice
Replies: 18
Views: 3193

Re: I'm a single 38 yo female needing financial advice

You'll want to open a 401(k) for that freelancing income unless of course, it is "under the table".
by ieee488
Wed Mar 25, 2015 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account
Replies: 29
Views: 2966

Re: Best Bank for Checking Account

I have an interest free checking account at a major brick bank that is very convenient. It pays not interest so I am tempted to look around for a better checking that is free and pays interest and has no gotchas. Then I figured out what an average balance would be and the interest it would generate...
by ieee488
Tue Mar 24, 2015 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account
Replies: 29
Views: 2966

Re: Best Bank for Checking Account

My main checking account is with a local bank.
No fees. Just keep $100. No interest.

I don't use ATMs so nationwide ATMs are not important to me.
by ieee488
Sun Mar 22, 2015 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: [Neighbor violating HOA rules by using] VBRO and Airbnb
Replies: 38
Views: 4189

Re: VBRO and Airbnb versus property values

4nursebee wrote:Do you care about this? Is it your fight?

Why wouldn't it be his fight?

The house is across from his. I would be very concerned and not in the least bit happy.

The HOA might want to contact the city/municipality as well.
If the owner is operating a "hotel" or not.
by ieee488
Sat Mar 21, 2015 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs ACA
Replies: 35
Views: 2412

Re: COBRA vs ACA

It appears that, once I chose a gold PPO plan, all of my normal health providers were listed as accepting the insurance plan. These plans cost just shy of $400/month. Any lower tier resulted in none of my doctors being listed as accepting the insurance plan. I am on the silver EPO plan. My doctors ...
by ieee488
Sat Mar 21, 2015 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Newly retired teacher - tax questions
Replies: 5
Views: 676

Re: Newly retired teacher - tax questions

She doesn't get a 1099 from this activity Whether she receives a 1099 or not is not relevant. If she meets the threshold that was linked in the previous post, she needs to report the income. She can also open a solo 401(k) from the earnings. In 2014, deducted my medical insurance premium for the mo...
by ieee488
Fri Mar 20, 2015 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs ACA
Replies: 35
Views: 2412

Re: COBRA vs ACA

I switched over to ACA on January 1, 2014. I had COBRA for 3 months. Since I was uncertain about 2014 income, ACA worked out for me. My PCP accepted the Blue Cross Blue Shield plan that I purchased. I had no issues. Prior to ACA and when I lived in a different town, I had another primary care physic...
by ieee488
Mon Mar 16, 2015 12:20 pm
Forum: Personal Consumer Issues
Topic: Laptop: Windows based vs. Apple
Replies: 86
Views: 6751

Re: Laptop: Windows based vs. Apple

Stonebr wrote: Powering up the Mac takes only a few seconds. With the Windows machine I used to use at work, I could drink a mug of coffee in the time it took to boot up in the morning.


My Windows 7 Pro work laptop boots up in seconds as well.
The specs i7-4610M CPU, 8 GB of RAM.
by ieee488
Mon Mar 16, 2015 12:16 pm
Forum: Personal Consumer Issues
Topic: Laptop: Windows based vs. Apple
Replies: 86
Views: 6751

Re: Laptop: Windows based vs. Apple

There are already many discussions on this topic. It generally degenerates into arguments which convinces no one. Just do what you want to do. The thing that throws me a little bit is how little storage you get with an Apple vs. windows based desktop. The answer you hear is "Well, you should st...
by ieee488
Mon Mar 16, 2015 6:28 am
Forum: Personal Consumer Issues
Topic: Portland transportation
Replies: 20
Views: 2002

Re: Portland transportation

westie wrote:Oregon?

Maine?

Did I miss it?


No, you didn't miss it.

I suppose it was "assumed" we all know it was Portland, Oregon. [rolling eyes]

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