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Re: Help me figure out how to sell investment advice legally

Suppose it was more as an educational service. Let them know how markets work, the value of holding bonds in a portfolio (and some tools for them to use to determine the right amount of bonds for their risk tolerance), the benefits of indexing, tax efficient placement of investments in a portfolio.....
by pobox2001
Sun Aug 10, 2014 8:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Help me figure out how to sell investment advice legally
Replies: 12
Views: 1913

Re: Do i need a new ein

New LLC = new EIN. I don't like comingling unrelated projects/investments/etc.
by pobox2001
Mon Jul 21, 2014 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do i need a new ein
Replies: 4
Views: 588

Re: CPA Advice - Understanding Owner Equity/Owner Loan

If it were my company, I'd record it as a capital contribution (ie, equity) instead of a loan. Loans should be documented, interest should be recorded, etc. Ugh....equity is easier. A sole proprietor will have to claim the income from the business, regardless of whether they took the money out of th...
by pobox2001
Fri Jun 13, 2014 3:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPA Advice - Understanding Owner Equity/Owner Loan
Replies: 13
Views: 775

Re: CPA Help - Estimated taxes and Self-Employment taxes

I am a CPA, too. He's correct. You are an employee of your S-Corp. You don't have SE tax like you would if it was an LLC. Your total tax line on your 1040 will only relate to income tax (not SS or Medicare). This is the same as if you worked for someone else. The SS/Medicare tax paid by the S-Corp i...
by pobox2001
Thu Jun 12, 2014 4:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPA Help - Estimated taxes and Self-Employment taxes
Replies: 9
Views: 771

Re: Richmond, VA Area?

I'm another Richmond local (Hanover County) who has some interest.......
by pobox2001
Mon Jun 09, 2014 7:14 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Richmond, VA Area Local Chapter
Replies: 7
Views: 1298

Re: Rebalancing Question

That's what I do when I make my monthly contributions, but I still review it at scheduled times during the year (quarterly for me, semi-annual or annual for others - whatever your preference) to make sure the allocation is still correct. Even then, an asset class has to be off (+ or -) by 5% or more...
by pobox2001
Tue Jun 03, 2014 6:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Question
Replies: 6
Views: 490

Re: Pay off car loan or stay in market?

If you owned the car "free and clear", would you borrow against it to invest? If so, keep the debt. Most (but I'm sure not all) would say, no, they wouldn't borrow against a paid off car to invest. So if that's you, why keep the loan? I'd vote for paying off the loan and be done with it. T...
by pobox2001
Mon Jun 02, 2014 3:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay off car loan or stay in market?
Replies: 22
Views: 1327

Re: Help with Patio! -- Pavers v. Concrete

Concrete requires maintenance, too. It will need to be sealed periodically.

We have both and I much prefer the pavers. Less maintenance, and their appearance has held up much better than the stamped concrete.
by pobox2001
Mon May 12, 2014 8:35 pm
 
Forum: Personal Consumer Issues
Topic: Help with Patio! -- Pavers v. Concrete
Replies: 25
Views: 2425

Re: Variable Percentage Withdrawal (VPW)

I'm getting the following error when I try to download the file: ****************** Disabled link Access to this link has been disabled. Please ask the owner of the shared link to send a new link to access the file or the folder. ****************** Any idea what I'm doing wrong? Thanks, pobox2001
by pobox2001
Tue May 06, 2014 3:44 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 460
Views: 51366

Re: Investment Advice Request

I'd pay down debt, including the home mortgage. I doubt (with your income and/or other assets) you could expect to walk away from an upside-down primary residence and not have the lender seek some recourse against you. Since you intend to be there for some time, you might as well get started. You're...
by pobox2001
Thu Aug 08, 2013 1:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment Advice Request
Replies: 7
Views: 587

Re: Underwater Property Decisions

hand, You're certainly right from the legal perspective. I was approaching it more from my opinion on what someone should do when they can afford to pay the loan back. Regardless of whether the property went up or down in value, a borrower should stick to their agreement whenever possible. The prope...
by pobox2001
Wed Jun 05, 2013 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Underwater Property Decisions
Replies: 11
Views: 1329

Re: Underwater Property Decisions

As long as you have the ability to cover the shortage, you should do so IMO. You made the deal with the bank when you borrowed the money, and you should pay it back (again, if you have the ability - which is sounds like you do). If you would "make" $35k by selling the property, would you g...
by pobox2001
Wed Jun 05, 2013 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Underwater Property Decisions
Replies: 11
Views: 1329

Re: CIT Bank?

So far so good with my experience with them. Everything has gone smoothly.

pobox2001
by pobox2001
Thu May 23, 2013 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: CIT Bank?
Replies: 8
Views: 679

Retiring in an up market

Our FIRECalc numbers indicate 100% success. We were close last year but the recent market run up has pushed us to the magic 100%. If we actually retired, we'd be looking at a 40+ year retirement period. I've read that much of the success in not running out of money depends on how the market performs...
by pobox2001
Sun May 05, 2013 4:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring in an up market
Replies: 21
Views: 1843

Re: LLC v S Corp, control and taxes

Since the proposed LLC would have more than one member (owner), it would have to file it's own tax return. Single member LLC's can file on the members 1040, thus saving a little paperwork. IMO, the marginal additional work for an S-Corp is insignificant compared to the SS and Medicare tax savings ad...
by pobox2001
Tue Mar 19, 2013 6:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: LLC v S Corp, control and taxes
Replies: 25
Views: 1919

Re: Is this considered rental income for tax purposes?

For what it's worth, I'm a CPA. It's not taxable income, you're just reimbursing him for your expenses.
by pobox2001
Sat Feb 02, 2013 7:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this considered rental income for tax purposes?
Replies: 11
Views: 1107

Bond Investment Alternatives

Much has been written lately about the "impending" bond bubble burst. First, it's interesting to see that these articles have been written for the last several years, yet there has been no collapse of the bond market. Obviously trying to time it is impossible. However researching and under...
by pobox2001
Sun Jan 20, 2013 8:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond Investment Alternatives
Replies: 17
Views: 2288

Asset drawdown in "Retirement"

Q: When beginning to live off one’s investments, what is your preference (and why) among these to choices for drawing down assets: (1) Use taxable accounts first, letting IRA’s continue to grow; or (2) begin withdrawing some from IRA’s annually and use less of the taxable accounts to supplement the...
by pobox2001
Fri Dec 21, 2012 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset drawdown in "Retirement"
Replies: 9
Views: 1301

Re: Advice for visiting Key West?

Has anyone stayed at "Southernmost on the Beach"? We're planning an anniversary trip in December and are considering staying there.
by pobox2001
Sat Oct 06, 2012 1:08 pm
 
Forum: Personal Consumer Issues
Topic: Advice for visiting Key West?
Replies: 26
Views: 2512

Re: When the heck is it OK to take out a 401k Loan??

To prevent a foreclosure or bankruptcy......that's about all. And these can be avoided with a debt free lifestyle.
by pobox2001
Tue Jul 31, 2012 3:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: When the heck is it OK to take out a 401k Loan??
Replies: 22
Views: 2266

Re: Business doing too well...how can I avoid some taxes

Similar situation here. I've done them all over the years....DB....SEP....solo 401(k). IMO a solo 401(k) w/profit sharing (PS) is best in your (our) situation. No cost (at least at Vanguard where mine is). No required contributions (if business slows). You can contribute more than a SEP. Depending o...
by pobox2001
Sat Jul 21, 2012 10:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Business doing too well...how can I avoid some taxes
Replies: 31
Views: 4056

Re: DirecTV Viacom dispute

Only offered $5 off per month for two months. Turned them down and I'll try again. I guess it depends on who answers the phone.
by pobox2001
Fri Jul 13, 2012 4:54 pm
 
Forum: Personal Consumer Issues
Topic: DirecTV Viacom dispute
Replies: 32
Views: 3172

Re: Outdoor Patio

The stamped concrete walkways cracked in a few years. A few more expansion joints would have helped. I don't recall the name of the sealer, but the only place I could find it was Sherwin Williams. I'm sure if you call a local store they can tell you the name. No weed or ant problems on the paver pat...
by pobox2001
Fri Jun 15, 2012 2:51 pm
 
Forum: Personal Consumer Issues
Topic: Outdoor Patio
Replies: 18
Views: 1802

Re: Outdoor Patio

We have stamped concrete porch/sidewalk and a paver patio. The pavers are much nicer. Concrete cracks and it requires sealers, too, to maintain an even color. We waited too long to re-seal it and now it's discolored. Our paver patio hasn't required any maintenance at all.
by pobox2001
Thu Jun 14, 2012 1:17 pm
 
Forum: Personal Consumer Issues
Topic: Outdoor Patio
Replies: 18
Views: 1802

Re: setting up Solo 401K

Vanguard does not allow SEP/IRA rollovers into the plan. Fidelity does. If you want to roll SEP/IRA investments into the plan (say, to be able to do a backdoor Roth), Fidelity would allow this. My plan (thru my S-Corp where I am the only employee, too) is at Vanguard and it works very easily. I just...
by pobox2001
Fri Jun 08, 2012 6:38 am
 
Forum: Investing - Help with Personal Investments
Topic: setting up Solo 401K
Replies: 3
Views: 393

Re: Need a good HSA provider

http://www.hsaadministrators.info/

They allow investing in Vanguard mutual funds. Great option if you pay your medical expenses with non-HSA money so the HSA funds can compound.
by pobox2001
Tue Jun 05, 2012 5:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Need a good HSA provider
Replies: 30
Views: 3289

Re: Anyone regret paying off mortgage early?

No regrets at all.
by pobox2001
Sat Jun 02, 2012 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 185
Views: 25213

Re: Individual 401k

I have an individual 401k plan at Vanguard and have checked into your questions myself. In theory you can move the other accounts into a 401k plan, the problem is Vanguard's 401k plan does not allow it in their plan unless it comes from another 401k plan. However the 401k plans that Fidelity offers ...
by pobox2001
Thu May 31, 2012 7:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Individual 401k
Replies: 2
Views: 246

Re: S Corporation

The income on the W-2 could be offset by the S-Corp losses on the K-1 for income tax purposes . However, you'd still pay SS and Medicare on the W-2 wages. IMO you'd be better off with an LLC while there are losses in the company, then convert to an S-Corp when it turns profitable. The S-Corps can sa...
by pobox2001
Sun Feb 26, 2012 5:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: S Corporation
Replies: 5
Views: 406

Re: Dilemma - High Taxable Balance and Mortgage

We paid off our mortgage about 5 years ago using the vast majority of the taxable balances we had saved (probably 95% of it). In our case, we have no regrets and our taxable account is now larger than it was before paying off the loan. Not having a monthly payment was a big part of that. I suppose t...
by pobox2001
Sat Feb 11, 2012 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dilemma - High Taxable Balance and Mortgage
Replies: 14
Views: 995

Re: PenFed Visa CC cash back change

I have the Fidelity VISA and the cash back goes into my traditional, taxable account...not an IRA. I can transfer the money to my checking account at any time.
by pobox2001
Fri Jan 20, 2012 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa CC cash back change
Replies: 6
Views: 644

Re: Merrill Lynch High Quality & Dividend Yield Screen

Ok....Ok.....Ok. I know (and I guess knew all along) it was bad idea. I guess after so many years of weak returns, your confidence in your plans begins to waiver. I've been duly corrected and will stick to my original plans. Thanks for the needed attitude adjustment. I sure hope 2012 is better year.
by pobox2001
Mon Jan 02, 2012 4:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Merrill Lynch High Quality & Dividend Yield Screen
Replies: 19
Views: 2532

Merrill Lynch High Quality & Dividend Yield Screen

Is anyone familiar with the ML High Quality & Dividend Yield screen to select stocks? Based on the results I've been provided, it seems to have consistently out performed the overall market. It's outside my normal investment routine to buy a basket of individual stocks, but with the dismal inves...
by pobox2001
Sat Dec 31, 2011 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Merrill Lynch High Quality & Dividend Yield Screen
Replies: 19
Views: 2532

Re: What is your favorite movie?

Field of Dreams
by pobox2001
Fri Dec 23, 2011 2:54 pm
 
Forum: Personal Consumer Issues
Topic: Movie night in recommendations
Replies: 269
Views: 20065

Re: What musical instrument do you play

Cow bell.
by pobox2001
Thu Dec 15, 2011 2:49 pm
 
Forum: Personal Consumer Issues
Topic: What musical instrument do you play
Replies: 33
Views: 1136

Assuming paying it off would still leave you with at least 6 months of (now reduced) expenses, I'd pay it off. We did several years ago (nearly $300k to payoff) and have never regretted it. If you owned your house outright, would you borrow money to invest it at today's returns (and risks)? Some may...
by pobox2001
Mon Sep 05, 2011 2:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Payoff Mortgage vs Refi vs Investing
Replies: 29
Views: 3031

We've used one for 6+ years. Wouldn't want to go back to a tank-style! Great experience.
by pobox2001
Fri Aug 19, 2011 2:31 pm
 
Forum: Personal Consumer Issues
Topic: Tankelss water heater?
Replies: 31
Views: 3746

I have my solo 401k (with profit sharing) through Vanguard. Easy to use....no cost.....it's all done on-line - even the monthly contributions. No administrative headaches.
by pobox2001
Wed Jul 06, 2011 3:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you have a Vanguard Individual/Solo 401K?
Replies: 56
Views: 11180

Thanks for the ideas. I'll check out the funds mentioned.

Maybe I'll look at lake property again, too......
by pobox2001
Wed Jun 15, 2011 7:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are bonds the way to go?
Replies: 8
Views: 1338

Early 40's, stable job (self employed), retirement well funded already and will continue to fund, no debts / mortgages, AGI around $250k so muni's may make sense tax-wise - but what's the risk with them in today's economy? Any property we would buy would be all cash. We avoid debt! No specific need ...
by pobox2001
Wed Jun 15, 2011 8:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Are bonds the way to go?
Replies: 8
Views: 1338

Are bonds the way to go?

We have about $300k saved outside of our retirement accounts. Right now it's sitting in a money market account at under 1%. We're not sure what we'll end up doing with the funds. Sometimes we talk about buying a lake house.....or rental property......or move to a larger personal residence.....etc. T...
by pobox2001
Wed Jun 15, 2011 5:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Are bonds the way to go?
Replies: 8
Views: 1338

I do listen to Dave Ramsey once in a while. That said ... [...]I don't think I'd go to him for financial advice on the stock market, but I believe in his message of personal responsibility, no debt and savings. Here's where the hypocrisy of his talk of personal responsibilty gets me (note that I ag...
by pobox2001
Fri May 13, 2011 10:18 am
 
Forum: Investing - Theory, News & General
Topic: Suze Orman's newsletter
Replies: 33
Views: 4298

(I'll probably get flamed for this.....) Personally I find Dave Ramsey to offer pretty solid advice, especially to those deep in debt and a mess financially. The 12% return funds sounded like a stretch to me, too, but I've looked and there are a fairly large number of funds that have returned at le...
by pobox2001
Fri May 13, 2011 9:32 am
 
Forum: Investing - Theory, News & General
Topic: Suze Orman's newsletter
Replies: 33
Views: 4298

(I'll probably get flamed for this.....) Personally I find Dave Ramsey to offer pretty solid advice, especially to those deep in debt and a mess financially. The 12% return funds sounded like a stretch to me, too, but I've looked and there are a fairly large number of funds that have returned at lea...
by pobox2001
Fri May 13, 2011 7:47 am
 
Forum: Investing - Theory, News & General
Topic: Suze Orman's newsletter
Replies: 33
Views: 4298

I'd consider either an S-Corp or an LLC. An LLC still files it's activity on your 1040 (assuming it's a single-member LLC), but it affords some legal protection. An S-Corp is nice (it's what I use for my business) as a portion of my companies profits are taxed to me via a K-1, and therefore not subj...
by pobox2001
Wed May 11, 2011 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about taxes and sole proprietorship
Replies: 23
Views: 2677

I'd pay off the loan in full.

Assuming no other debt, then save 6 months of living expenses, the save 15% for retirement (401k, Roth IRA, etc.).

Easy enough.....
by pobox2001
Sat May 07, 2011 7:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Great Salary with $8k in Student Loans and $12K in savings.
Replies: 28
Views: 3069

Personally I'd pay them off as soon as possible. Be rid of the debt and have more flexibility and freedom in your financial life.
by pobox2001
Thu Apr 28, 2011 7:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Starting out - invest or pay off student loans?
Replies: 13
Views: 1582

Tankless water heater! Love it.....and it'll pay for itself.
by pobox2001
Wed Apr 20, 2011 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: New home build...anything youd want/change/splurge on...
Replies: 95
Views: 10930

I've been involved with a 1031 as the seller to a buyer doing one. From my end, things were pretty much like a regular transaction. Their offer had to specify it was a 1031. It's a great opportunity to defer taxes for the buyer. One word of caution: select your qualified intermediary carefully. A fe...
by pobox2001
Sun Apr 17, 2011 5:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone done a 1031 Exchange?
Replies: 2
Views: 701

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