Search found 44 matches

by BusterMcTaco
Sun Sep 03, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 74
Views: 9801

Re: Becoming a Landlord: My Experiences

It's good to check out the unit after they have given their 30-day notice, so you see what needs to be fixed or repaired in advance of the tenant vacating. More than that, in California you are required to notify a tenant of their right to such a walkthrough. If they request it, then anything you c...
by BusterMcTaco
Sun Sep 03, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k if other employer has SEP-IRA
Replies: 11
Views: 475

Re: Solo 401k if other employer has SEP-IRA

DrGoogle2017 wrote:
Sun Sep 03, 2017 12:50 pm
If you have TT, you should model it.
I don't trust TT at all on more obscure topics, but I can certainly give it a try. Good idea.
by BusterMcTaco
Sun Sep 03, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k if other employer has SEP-IRA
Replies: 11
Views: 475

Re: Solo 401k if other employer has SEP-IRA

I think that's only true of the employee salary deferrals bit: The amount of salary deferrals you can contribute to retirement plans is your individual limit each calendar year no matter how many plans you're in. This limit must be aggregated for these plan types Emphasis mine. The link you posted i...
by BusterMcTaco
Sun Sep 03, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k if other employer has SEP-IRA
Replies: 11
Views: 475

Re: Solo 401k if other employer has SEP-IRA

Thank you. This was my suspicion based on your previous explanations but I wasn't sure. The employer contribution is also limited to (net self-employment income - employee deferral) / 2. This is new info for me. I think, mathematically, it only applies at low net self-employment income, but may be r...
by BusterMcTaco
Sun Sep 03, 2017 1:07 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k if other employer has SEP-IRA
Replies: 11
Views: 475

Solo 401k if other employer has SEP-IRA

Hello all, My friend has an (apparently) unusual situation which I haven't been able to find an answer for. She works for an employer who generously contributes to a SEP-IRA, and actually caps it out at $54k for her (she's highly compensated, well over 4x that). She also has 1099-MISC income on the ...
by BusterMcTaco
Sun Aug 27, 2017 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: suggestion on buying our first home
Replies: 31
Views: 2488

Re: suggestion on buying our first home

$500/mo in utilities? That seems high. I'm in a HCOL area and our monthly is half that for 2. The only time I've ever had $500/mo I lived with 5 roommates.

ETA: I guess if the house is big, heating/AC will do it.
by BusterMcTaco
Thu Aug 24, 2017 3:50 pm
Forum: Personal Consumer Issues
Topic: Can dispute an expensive medical bill
Replies: 39
Views: 2813

Re: Can dispute an expensive medical bill

If additional costs weren't disclosed it was not informed consent. I would ask that they waive it or I'd file a complaint with the governing board.
by BusterMcTaco
Thu Aug 24, 2017 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Looking for a house around San Jose, CA
Replies: 36
Views: 3503

Re: Looking for a house around San Jose, CA

Congratulations! If you're like me you'll lose some sleep over it, but that passes quickly. :sharebeer
by BusterMcTaco
Wed Aug 23, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 6630

Re: Sigh...I'm ready for criticism...how am I doing?

Olemiss540 gives damn good advice. You're just now starting to earn more than residency. You will catch up to the other BS. Don't throw money away on lavish stuff until your debt is paid off and the other house is sold... Low stress, happy family, and you'll be just fine.
by BusterMcTaco
Tue Aug 22, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Taxes - Best resources or just hire a CPA?
Replies: 11
Views: 651

Re: Quarterly Taxes - Best resources or just hire a CPA?

I'm way above 150k. TT always said I can do 100%. Or maybe my memory is crap. I'll have to pay attention this year.
by BusterMcTaco
Tue Aug 22, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Taxes - Best resources or just hire a CPA?
Replies: 11
Views: 651

Re: Quarterly Taxes - Best resources or just hire a CPA?

Or 100%. You don't have to do 110% right?
by BusterMcTaco
Mon Aug 21, 2017 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: Another VT vs. VTI + VXUS question
Replies: 3
Views: 618

Re: Another VT vs. VTI + VXUS question

I was going to guess difference in ERs but that definitely doesn't add up.

Not sure if this is still true, but 6 years ago folks were saying VT only holds large caps:
viewtopic.php?t=69616
by BusterMcTaco
Mon Aug 21, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: ETrade Individual 401k - application and practical issues
Replies: 1
Views: 192

Re: ETrade Individual 401k - application and practical issues

Plan document link. Specifics of in-service withdrawal are in 5.01(C): In-Service Distributions – Unless otherwise elected in the Adoption Agreement, if this is a profit sharing plan, a Participant who is not otherwise eligible to receive a distribution of their Individual Account may elect to rece...
by BusterMcTaco
Mon Aug 21, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: ETrade Individual 401k - application and practical issues
Replies: 1
Views: 192

ETrade Individual 401k - application and practical issues

Having just gone through applying for the ETrade Individual 401k (AKA Solo 401k) for myself and my spouse, I thought some guidance for those in the future might be useful. It was a harder process than I thought. It may also be useful in the future to have other practical issues addressed (contributi...
by BusterMcTaco
Mon Aug 14, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Maxed out 401K now switched job. New employer auto enrolled in 401K.
Replies: 7
Views: 1259

Re: Maxed out 401K now switched job. New employer auto enrolled in 401K.

Just heads up that, depending on the 401k provider, getting your money back can be a PITA. We overcontributed due to the fault of the new 401k provider (Ubiquity--no surprise there). They "corrected" it, but took a $65 processing fee and a $30 check fee out of our account. Again, this was their faul...
by BusterMcTaco
Mon Aug 07, 2017 7:42 pm
Forum: Personal Consumer Issues
Topic: Buy Google Pixel mobile now or wait for Pixel 2
Replies: 33
Views: 3013

Re: Buy Google Pixel mobile now or wait for Pixel 2

I obviously can't predict the future, but Google seems to be doing discounts on their phones frequently for new Fi accounts. I have no idea when they are launching a new phone but if it's really just two months away I'd wait. Phones get obsolete quickly.
by BusterMcTaco
Mon Aug 07, 2017 7:36 pm
Forum: Personal Consumer Issues
Topic: Santa Fe New Mexico - recommendations
Replies: 26
Views: 1877

Re: Santa Fe New Mexico - recommendations

I'd personally skip Albuquerque unless you have particular interest in something there. I recommend Horseman's Haven for breakfast, Meow Wolf for the experience, and Ten Thousand Waves in the evening for unwinding (and the Japanese, non sushi restaurant there is good, too). Taos was worth an afterno...
by BusterMcTaco
Mon Aug 07, 2017 7:30 pm
Forum: Personal Consumer Issues
Topic: How much longer should I chase a merchant for a double charge?
Replies: 9
Views: 634

Re: How much longer should I chase a merchant for a double charge?

You've given them a week. Time for a charge back and let your credit card company handle it.
by BusterMcTaco
Fri Aug 04, 2017 2:58 am
Forum: Investing - Help with Personal Investments
Topic: After-Tax 401K w/ In-Plan Roth conversion vs Taxable
Replies: 26
Views: 3123

Re: After-Tax 401K w/ In-Plan Roth conversion vs Taxable

Thanks. A lot of the financial blogs don't seem to mention that it's just the taxable conversion that is on a 5-year timer. I certainly read them all as saying that the entire conversion is on a 5-year timer.
by BusterMcTaco
Wed Aug 02, 2017 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: After-Tax 401K w/ In-Plan Roth conversion vs Taxable
Replies: 26
Views: 3123

Re: After-Tax 401K w/ In-Plan Roth conversion vs Taxable

1) Roth IRAs provide ready access to your funds when needed, Roth 401ks do not except for hardship distributions, loans, or post separation distributions. Further, since the bulk of these rollovers are mostly non taxable, the 5 year holding period to avoid a penalty only applied to a small part of ...
by BusterMcTaco
Mon Jul 31, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 19
Views: 1355

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

Your guidance is appreciated, and I will discuss it with my CPA.
by BusterMcTaco
Mon Jul 31, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 19
Views: 1355

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

Are you sure. The FMV compensation has to be for the tasks actually performed by her in the business not her pay rate for her W-2 employer. In fact even at her W-2 employer's hourly rate (~$72/hr), that would require 750 hours to reach $54K. My wife is a highly qualified software engineer in the SF...
by BusterMcTaco
Mon Jul 31, 2017 2:08 am
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 59
Views: 6116

Re: What are your monthly expenses?

Auto+Transport $800 (0% loan) Bills+Utilities $250 Entertainment $150 Fees+Charges $100 Life insurance $55 Food+Dining $1,750 (+bars) Gifts+Donations $200 Health+Fitness $750 Home $7,900 ($6500 PITI+HOA) Personal care $300 Pets $200 Shopping $750 Travel $1,000 Child $3,000 (projected) Post-Tax inves...
by BusterMcTaco
Sun Jul 30, 2017 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Medical Resident SEP IRA vs. Solo 401k
Replies: 7
Views: 547

Re: Medical Resident SEP IRA vs. Solo 401k

Well I missed that entirely about the solo 401k.
by BusterMcTaco
Sun Jul 30, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 19
Views: 1355

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

A follow-up question for the experts: if my wife isn't part of a QJV, can she still contribute to my solo 401k in an after-tax manner and then backdoor convert? I guess, broken down into two parts: 1) What are the requirements for a spouse to be eligible to contribute to a Solo 401k, at all? 2) Are ...
by BusterMcTaco
Sun Jul 30, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Medical Resident SEP IRA vs. Solo 401k
Replies: 7
Views: 547

Re: Medical Resident SEP IRA vs. Solo 401k

While a solo 401k is good for aforementioned reasons (higher contributions for less income, preserving backdoor Roth, and even 401K Roth options), in your case you would not be able to make an employee contribution if you are capping out your other job's 401k. A SEP IRA will eventually allow you $54...
by BusterMcTaco
Fri Jul 28, 2017 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 19
Views: 1355

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

Doesn't your S-Corp have to pay the employer portion of her SS as well? Of course it also has to deduct the employee portion but she will get that back on your tax return. I'm a disregarded LLC, but your question stands. I looked into it briefly and it seems you are correct. I would of course be ab...
by BusterMcTaco
Thu Jul 27, 2017 7:04 pm
Forum: Investing - Theory, News & General
Topic: Theoretical: how will end of LIBOR affect adjustable rate mortgages?
Replies: 1
Views: 394

Theoretical: how will end of LIBOR affect adjustable rate mortgages?

I read the news this morning that the LIBOR may be gone by the time our ARM becomes adjustable. I referred to our mortgage disclosures which don't seem to indicate a contingency in this case, just a margin (2.25%) above LIBOR one-month index as reported in the WSJ. Interestingly it also doesn't tech...
by BusterMcTaco
Thu Jul 27, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 19
Views: 1355

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

I did see that, thanks. I also found it funny that in normal cases one can count a spouse's participation as their own. Obviously not here, unfortunately. This might mean that we just start in 2018 since right now, documenting 500 hours would be a challenge. I could pay her by W-2 for her time this ...
by BusterMcTaco
Wed Jul 26, 2017 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 19
Views: 1355

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

Your wife would only need to "materially participate" in the business. This is a relatively easy benchmark to obtain. For example, one qualification is for your wife to work more than 100 hours in the activity during the year, and no one else works more than she does . So if your wife spends more t...
by BusterMcTaco
Tue Jul 25, 2017 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and suggestions (~$400k retirement assets)
Replies: 3
Views: 911

Re: Portfolio review and suggestions (~$400k retirement assets)

In the interest of completeness, it turns out that I can't buy all those Vanguard funds I wanted at E*Trade. For example, I can buy institutional total market, but not Admirals (and probably can buy Investors--didn't check). Anyway, I'll by buying a combination of VTI/BND/BNDX ETFs instead, in my IR...
by BusterMcTaco
Tue Jul 25, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and suggestions (~$400k retirement assets)
Replies: 3
Views: 911

Re: Portfolio review and suggestions (~$400k retirement assets)

I suspect you haven't gotten replies because your plan is fine. That's what I concluded :happy 4. Do you have any suitable no-transaction-fee options with Etrade? I think a $13 commission isn't that big of a deal if you're making few trades, but at the same time it could be avoidable. What do you m...
by BusterMcTaco
Sun Jul 23, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Business brokerage account: seeking tax efficient, medium risk fund
Replies: 7
Views: 564

Re: Business brokerage account: seeking tax efficient, medium risk fund

However, unless you pay AMT, you can deduct CA tax from federal.
We do hit AMT, but since these are qualified dividends, isn't it just 15% federal long-term cap gains rate [for the 33% tax bracket]+9.3% state [without federal deduction]?
by BusterMcTaco
Sun Jul 23, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Business brokerage account: seeking tax efficient, medium risk fund
Replies: 7
Views: 564

Re: Business brokerage account: seeking tax efficient, medium risk fund

If you are in a high federal and CA tax bracket, TM Capital Appreciation is likely to save you slightly more in lower taxes than it costs in expenses. Is my math right? Tax rate: 15% federal + 9.3% CA. So comparing: VTCLX 0.09% 1.67% TTM yield, 100% qualified, $40.58 dividend taxes per $10,000 inve...
by BusterMcTaco
Sat Jul 22, 2017 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Business brokerage account: seeking tax efficient, medium risk fund
Replies: 7
Views: 564

Re: Business brokerage account: seeking tax efficient, medium risk fund

Excellent tip, I'm now looking at Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX, 0.09%). This is a very good tax-efficient (indeed, exempt, I think) fund for stable growth.

I think I'll mix some into it.
by BusterMcTaco
Sat Jul 22, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Business brokerage account: seeking tax efficient, medium risk fund
Replies: 7
Views: 564

Business brokerage account: seeking tax efficient, medium risk fund

Hello, Rather than have my $50k in business assets (what I keep around) sit in a 0.01% checking account, I thought I'd invest a portion of it in a business brokerage account. My business has no debt, a highly stable revenue stream, and I would keep enough for a 6 month runway (although in reality wo...
by BusterMcTaco
Fri Jul 21, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and suggestions (~$400k retirement assets)
Replies: 3
Views: 911

Portfolio review and suggestions (~$400k retirement assets)

Hello, My wife and are are looking for advice on how to invest our portfolios. We want to keep it simple, and were looking for any further advice or gotchas. Emergency funds: We plan on keeping 3 months including PITI, with another 3+ months invested in Ally risk-free CDs. We are dual income, and my...
by BusterMcTaco
Tue Jul 18, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 19
Views: 1355

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

Spirit Rider wrote:IRS regulations do not allow Roth IRAs to be rolled to anywhere except to another Roth IRA.
Sorry, I misspoke. I meant roll in a traditional IRA to the solo 401k (to open the path for back-door Roth conversions).
by BusterMcTaco
Tue Jul 18, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 19
Views: 1355

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

These are amazingly helpful responses. Thank you so much. 1. 402(g) Limit - 100% of compensation up to $18k ($24k if over age 50). This is the employEE deferral limit (excludes nonRoth aftertax conributions). The 18k is an individual limit and is spread across ALL retirement plans in which the indiv...
by BusterMcTaco
Mon Jul 17, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 61
Views: 10977

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

I'll chime in here to report that Ubiquity still sucks. I'm looking at a transaction report for my wife and her 6/15 contributions just settle on 7/10. Is that normal? It makes it impossible to keep any kind of current track of her 401(k) account with them. Also, if you sort by date, they do it lexi...
by BusterMcTaco
Fri Jul 14, 2017 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 19
Views: 1355

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

I would suggest Fidelity. They allow allow separate accounts per employee and even per sub account type. Vanguard now only allows "pooled" accounts, which is one account per 401k. Record keeping would be needed to track the individual employees/sub accounts. Do I understand correctly that with Vang...
by BusterMcTaco
Fri Jul 14, 2017 2:07 am
Forum: Investing - Help with Personal Investments
Topic: Employee 401(k) Rollover for age 23 Investor
Replies: 13
Views: 995

Re: Employee 401(k) Rollover for age 23 Investor

Remember that if you roll it into an IRA you will not be able to do a backdoor Roth conversion later without paying taxes or rolling it back into a 401k first. I made the same mistake and for no particularly good reason. But if you aren't getting good funds in the 401k then it does sound reasonable....
by BusterMcTaco
Fri Jul 14, 2017 12:20 am
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 19
Views: 1355

Solo-401k options if no after-tax contributions in Wife's 401k?

Hello, Short-time lurker, first time poster :P I’m self-employed (LLC) with a steady stream of contract revenue that’s growing significantly. I anticipate my EBIT will be about $280k this year and grow approximately $40k year-over-year for the immediate future. Beyond 3-5 years who knows, but at lea...
by BusterMcTaco
Tue Jul 11, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Making the Leap to Self-Employment
Replies: 16
Views: 1767

Re: Making the Leap to Self-Employment

First post, since this is the only subject where I so far have something to contribute! What were the circumstances that lead to you going out on your own? I was in tech for 3 years after university, hated my job at a large company that was mostly hardware (I'm a software guy), and didn't cut it at ...