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by learnfinance
Thu Jan 15, 2015 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my mortgage re-fi loan mid-way?
Replies: 9
Views: 509

Re: Should I cancel my mortgage re-fi loan mid-way?

@walletless If you go with 3.5% and if you let $450 forgo, you will be break even in almost a year. It seems to be worth it if you are going to stay there for 8-10 years. I would suggest you pull the plug from the first lender and inform him to stop your application, he might re-lock you at 3.5% at ...
by learnfinance
Sun Jan 04, 2015 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Using professional help vs DIY for small business corp
Replies: 2
Views: 682

Re: Using professional help vs DIY for small business corp

@zenb, I'm no expert at all in this but researching the same thing what you have listed above. Here are some of the findings - 1. There are few other online legal firms like http://www.rocketlawyer.com, http://www.nolo.com, http://www.lawdepot.com etc. apart from http://www.legalzoom.com. I think th...
by learnfinance
Sat Jan 03, 2015 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Starting sole prop or corp for max retirement savings (tax)
Replies: 21
Views: 2232

Re: Starting sole prop or corp for max retirement savings (t

@zenb, Thanks for sharing your worksheet. I'm still not sure whether I should go with sole proprietorship or llc or s-corp. I have few objectives like - 1. Take tax deduction for the home office which I'm using for past few weeks. 2. Take tax deduction for vehicle, internet, cell phone usage which i...
by learnfinance
Fri Jan 02, 2015 4:04 am
Forum: Personal Finance (Not Investing)
Topic: Starting sole prop or corp for max retirement savings (tax)
Replies: 21
Views: 2232

Re: Starting sole prop or corp for max retirement savings (t

@Zenb, Thanks for posting interesting questions in this post. Few days back i have started a related thread - https://www.bogleheads.org/forum/viewtopic.php?f=2&t=153312 I would appreciate if you please share that excel as i have still not decided how should i set up a structure for my part time...
by learnfinance
Mon Dec 22, 2014 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp or LLC - Software Consulting Part Time
Replies: 10
Views: 1578

Re: S-Corp or LLC - Software Consulting Part Time

@Niceguy When I said I will be in payroll - I meant I will be paid by this company. I'm given a form with a heading payroll setup. Therein I have option to select hourly/salary (for me it will be hourly) and I have to select employee type as well from the options (Full time, temporary, part time, 10...
by learnfinance
Fri Dec 19, 2014 3:04 am
Forum: Personal Finance (Not Investing)
Topic: S-Corp or LLC - Software Consulting Part Time
Replies: 10
Views: 1578

Re: S-Corp or LLC - Software Consulting Part Time

Thanks @pshonore for replying. @niceguy7376 - Here are your answers. 1. Yes 2. I'm working for employer B as a consultant and they will have to put me in their payroll. For me this is a part time work and i have negotiated my package like this ( salary, equity, number of hours per week & pay me ...
by learnfinance
Thu Dec 18, 2014 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp or LLC - Software Consulting Part Time
Replies: 10
Views: 1578

S-Corp or LLC - Software Consulting Part Time

Hi, I have read few discussion about s-corp vs llc but everyone's situation was different and so is mine. I'm working full time and have some contracting work coming along for next few months. I will be earning sizable amount if everything goes well.( I'm getting equity as well - if things go well t...
by learnfinance
Tue Dec 10, 2013 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Buying my own company's stock
Replies: 5
Views: 892

Re: Buying my own company's stock

@Valuethinker - Thanks very much for reading my post and answering my queries. Yes it's a private company as of now and they are offering stocks at discounted price so that employees will have skin (well very little though) in the game. I completely agree with you - all my investment value will be o...
by learnfinance
Tue Dec 10, 2013 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Buying my own company's stock
Replies: 5
Views: 892

Buying my own company's stock

Hi, I have bought stocks from trading market many times but don't know how it works when I have an option to buy stocks from the company where I am employed. If I have been told that security type is like this - One (1) share of Class A Common Stock, $0.05 par value (“Class A Stock”), for each $5,00...
by learnfinance
Sat Feb 02, 2013 12:39 am
Forum: Investing - Help with Personal Investments
Topic: 401K Roll Over - Another 401K or IRA?
Replies: 10
Views: 6696

Re: 401K Roll Over - Another 401K or IRA?

@hoppy08520 - Thanks for replying and shedding some light on this aspect (rolling over 401K to IRA). As you mentioned, I'm falling above the Roth IRA income limits this year & considering my new plan's choices are decent, I guess moving it to 401K is the best option now. Thanks for informing abo...
by learnfinance
Fri Feb 01, 2013 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Roll Over - Another 401K or IRA?
Replies: 10
Views: 6696

Re: 401K Roll Over - Another 401K or IRA?

Thanks for replying @jimkinny @JW Nearly Retired @bdpb @WHL @retiredjg @jimkinny - Considering that I can move to IRA later (when I change this company or otherwise) and keeping other options (backdoor Roth) open, I'm leaning towards rolling it over to new 401K. @bdpb - When I have called today to m...
by learnfinance
Fri Feb 01, 2013 3:25 am
Forum: Investing - Help with Personal Investments
Topic: 401K Roll Over - Another 401K or IRA?
Replies: 10
Views: 6696

Re: 401K Roll Over - Another 401K or IRA?

Thanks for replying. Here is the list of funds with expense ratios (4th column - I'm losing formatting here) - Name Ticker Last Year Return Total Expenses Great-West SF Balanced Fund G1 MXSHX 11.69 0.69 Great-West S&P SmallCap 600 Index Fund MXISX 15.78 0.69 Great-West S&P 500 Index Fund I M...
by learnfinance
Fri Feb 01, 2013 12:10 am
Forum: Investing - Help with Personal Investments
Topic: 401K Roll Over - Another 401K or IRA?
Replies: 10
Views: 6696

401K Roll Over - Another 401K or IRA?

Hi, I have a sizable amount in my old 401K (from my ex-employer) and I'm thinking to roll it over (they charge maintenance fees once employee is not active, so no point in keeping it there ). My current company provides facility to invest in 401K at GWRS (well no matching though) and it has followin...

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