Search found 14 matches

by countrymouse
Thu Jan 12, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA Question, need small business owners help
Replies: 12
Views: 612

Re: SEP-IRA Question, need small business owners help

Actually I found a more detailed Fix-It Plan online that touches on all issues. Thanks!

https://www.irs.gov/retirement-plans/se ... -solutions
by countrymouse
Thu Jan 12, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA Question, need small business owners help
Replies: 12
Views: 612

Re: SEP-IRA Question, need small business owners help

Thanks everyone, appreciate the great, helpful comments. It's as I thought it was initially. It was the layout on VG and in EJ that planted this seed making me question myself. I will still call VG to find out why the format looks so different from my husbands SEP-IRA. I have called many times in th...
by countrymouse
Wed Jan 11, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA Question, need small business owners help
Replies: 12
Views: 612

Re: SEP-IRA Question, need small business owners help

Thank you too Pdxnative. My accountant was not that involved. My bookkeeping records had SEP Distribution and $$, but not sure it was designated PER employee. Perhaps it should be.... I will ask him. Good thing to consider. A few things to add to spirit rider's excellent summary: 1. You should read ...
by countrymouse
Wed Jan 11, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA Question, need small business owners help
Replies: 12
Views: 612

Re: SEP-IRA Question, need small business owners help

Thanks Spirit Rider, appreciate the nice reply. I mispoke. I understand it's all Employer contributions INTO the accounts, but does the Employer just make contributions to Employees period? And that is the end? So that is how I originally understood it. But then looking at HOW the accounts are creat...
by countrymouse
Wed Jan 11, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA Question, need small business owners help
Replies: 12
Views: 612

SEP-IRA Question, need small business owners help

I am a business owner with an S-Corp. My SEP is confusing me. It all starts with an Edward Jones SEP Account. We went down that path for about 2+ years, and then became Bogelheads. Decided to move everything to Vanguard. The EJ rep did not know much about SEP accounts. I think they were/are incorrec...
by countrymouse
Tue Dec 22, 2015 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Business SEP, Still do Backdoor?
Replies: 8
Views: 252

Re: Business SEP, Still do Backdoor?

Thanks DSInvestor! Helpful!!
by countrymouse
Tue Dec 22, 2015 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Business SEP, Still do Backdoor?
Replies: 8
Views: 252

Re: Business SEP, Still do Backdoor?

Well, wait one more question. And maybe a dumb one. The business created the account for my husband. I am not on that SEP IRA account. So I personally do not have an IRA, of any form. However we file married/jointly. So could I still do it? (I feel like this is a *duh* NO...but going to ask anyway j...
by countrymouse
Tue Dec 22, 2015 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Business SEP, Still do Backdoor?
Replies: 8
Views: 252

Re: Business SEP, Still do Backdoor?

Oh poo. Thanks ddb. Was afraid that was the answer.
by countrymouse
Tue Dec 22, 2015 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Business SEP, Still do Backdoor?
Replies: 8
Views: 252

Business SEP, Still do Backdoor?

Thanks to everyone's help here, I decided to do a backdoor ROTH this year (should have in the past too but oh well). However, wondering about one issue. My business created a SEP IRA last year for it's employees (myself and my husband). The business put in contributions/money, my husband and I did n...
by countrymouse
Tue Nov 24, 2015 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on paying Mortgage down vs Investing
Replies: 45
Views: 3947

Re: Thoughts on paying Mortgage down vs Investing

Looking into the NYS529 Plan..... thanks Grt2bOutdoors! Never heard of it... I didn't realize that out-of-stater's can contribute to other plans. I do put $5K each and get the credit for each. I will compare with NY plan! THANKS! Another poster yesterday asked the same question. Here's my advice to ...
by countrymouse
Tue Nov 24, 2015 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on paying Mortgage down vs Investing
Replies: 45
Views: 3947

Re: Thoughts on paying Mortgage down vs Investing

Thanks Meg! We have about $100K even in cash that sits in the business account (we can take as a distribution anytime). It's making minimal interest, but I am hesitant to put it anywhere that ties it up. Our industry (executive search/headhunting) can be very lucrative but volatile depending on the ...
by countrymouse
Tue Nov 24, 2015 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on paying Mortgage down vs Investing
Replies: 45
Views: 3947

Re: Thoughts on paying Mortgage down vs Investing

EXCELLENT...exactly the things I figured I was probably not aware of. THANKS!

FiveK wrote:
countrymouse wrote:- Do not qualify for a Roth/Traditional IRA
What else am I missing like these things?? I feel that my list is lacking something.
Maybe https://www.bogleheads.org/wiki/Backdoor_Roth_IRA?
by countrymouse
Tue Nov 24, 2015 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on paying Mortgage down vs Investing
Replies: 45
Views: 3947

Re: Thoughts on paying Mortgage down vs Investing

Thank you everyone for the thoughtful (and thought provoking) ideas and comments. I'm new to the board but already SO impressed with the folks here and the time & consideration everyone gives. SO MANY great ideas and interesting comments. I had not thought of many things mentioned here. But glad...
by countrymouse
Mon Nov 23, 2015 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on paying Mortgage down vs Investing
Replies: 45
Views: 3947

Thoughts on paying Mortgage down vs Investing

What is the general thought process here? My situation is different (will explain below) but wonder if there is any logic behind paying a mortgage down much faster vs thinking investing will beat out the % interest going toward mortgage payment monthly. I've been reading posts here for weeks on othe...

Go to advanced search