Search found 30 matches

by creditdefaultswaps
Sun Jun 18, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for 1099 Income
Replies: 17
Views: 901

Re: Tax Strategy for 1099 Income

With the Solo 401k, you could roll your existing Traditional IRA into it and then be able to make after-tax IRA contributions that you convert to Roth - in essence making Roth contributions every year. With a SEP-IRA you won't be able to do that without creating a significant tax liability. I'm alm...
by creditdefaultswaps
Sun Jun 18, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for 1099 Income
Replies: 17
Views: 901

Re: Tax Strategy for 1099 Income

Do you do backdoor Roth IRA contributions or would you like to? I have no idea. That's not a subject I'm all that familiar with. I currently have about 100K in a Traditional IRA if that helps. I believe I chose not to open an Roth because I think I make too much money. Your spouse can set up her ow...
by creditdefaultswaps
Sun Jun 18, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for 1099 Income
Replies: 17
Views: 901

Re: Tax Strategy for 1099 Income

I just spoke with Fidelity and they proposed I look at a SEP IRA vs Solo 401K. If I'm only planning to earn a maximum of $75K / yr in 1099 income, is there any effective advantage of the 401K over the SEP IRA? Also, can my spouse (who is purely 1099) also contribute to either of these?
by creditdefaultswaps
Sun Jun 18, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for 1099 Income
Replies: 17
Views: 901

Re: Tax Strategy for 1099 Income

Yes, while you can only contribute $18k as an employee across both plans, you can contribute as an employer to your Solo 401k plan, 20% of adjusted net income up to $54k. My W2's 401K does matching. Does the 18K include the matched funds or only the funds I personally contribute, even if it means w...
by creditdefaultswaps
Sun Jun 18, 2017 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for 1099 Income
Replies: 17
Views: 901

Re: Tax Strategy for 1099 Income

You should set up a Solo 401k - that will let you put away ~20% pre-tax. Be diligent about tracking genuine expenses/deductions that you might miss (such as tracking miles if you have to drive to meet the client and keeping an appropriate log). Other than that, expect to pay your marginal income ta...
by creditdefaultswaps
Sat Jun 17, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for 1099 Income
Replies: 17
Views: 901

Tax Strategy for 1099 Income

I have a W2 gig where I make around $180K/yr and I recently landed a consulting gig that is netting me an additional $7500 per month in 1099 income. Because of the nature of my consulting, my expenses are next to nothing. How much should I be prepared to spend in taxes on the $7500/month (it's safe ...
by creditdefaultswaps
Mon May 29, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 22793

Re: Side gigs

My W2 income is around $180K/yr and I have side consulting gig that pays around $8K/month.
by creditdefaultswaps
Thu Mar 09, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Price Transparency in Healthcare
Replies: 3
Views: 392

Re: Price Transparency in Healthcare

Yup, this totally violates the rules per: Proposed regulations that are directly related to investing may be discussed if and when they are published for public comments. My apologies. I'll understand if a mod wants to kill the thread. For what it is worth, I should clarify that I'm not looking to d...
by creditdefaultswaps
Thu Mar 09, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Price Transparency in Healthcare
Replies: 3
Views: 392

Price Transparency in Healthcare

Does anyone know if there is any legislation proposed in the new healthcare bill that promotes or sets up some rules around making healthcare costs transparent upfront to patients? This seems like a crucial component to creating a competitive healthcare marketplace and driving prices back down, but ...
by creditdefaultswaps
Mon Mar 06, 2017 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling a little burnt out - look at my financial health and give me the bad news
Replies: 13
Views: 2272

Re: Feeling a little burnt out - look at my financial health and give me the bad news

I've been pushing it hard from 18 to now my mid 30's in tech and have now worked my way up the sr / architect / exec level. I've also had the experience of quitting a great corporate gig to run my own consulting biz for a while. After a really grueling experience at a previous startup, I realized th...
by creditdefaultswaps
Tue Feb 28, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Wealthfront
Replies: 5
Views: 1000

Re: Wealthfront

I have far more than you in WF and have for 2+ years. I've noticed that they are more aggressive at TLH than Betterment. I've never had a fee increase, unlike Betterment. My return is line with the market. And unlike Betterment, Wealthfront does allow you to transfer assets in-kind to other custodia...
by creditdefaultswaps
Sun Feb 26, 2017 12:17 pm
Forum: Investing - Theory, News & General
Topic: AP: Americans buy existing homes at fastest pace in a decade
Replies: 45
Views: 4330

Re: AP: Americans buy existing homes at fastest pace in a decade

As an investor with 14 properties, low interest rates have greatly increased my returns. The spread between rents and mortgage interest payments has grown dramatically since 2008. What markets are you invested in? Because I can understand the spreads being greater for an investment purchased back i...
by creditdefaultswaps
Fri Feb 24, 2017 10:52 pm
Forum: Investing - Theory, News & General
Topic: AP: Americans buy existing homes at fastest pace in a decade
Replies: 45
Views: 4330

Re: AP: Americans buy existing homes at fastest pace in a decade

Just curious was there a time when the vast majority of experts or novices alike predicted the fall of housing or stock markets with any sort of accuracy? I don't think so. So why would it be surprising that "they" would miss predicting the fall again. Good luck. Apparently, the guy over ...
by creditdefaultswaps
Wed Feb 22, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: AP: Americans buy existing homes at fastest pace in a decade
Replies: 45
Views: 4330

AP: Americans buy existing homes at fastest pace in a decade

http://hosted.ap.org/dynamic/stories/U/US_HOME_SALES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2017-02-22-10-01-25 Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices ...
by creditdefaultswaps
Mon Feb 20, 2017 5:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 342
Views: 23245

Re: Your USER NAME...what does it mean?

My username was explained quite well in The Big Short.
by creditdefaultswaps
Mon Feb 13, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Any ideas of for a 2nd job / career?
Replies: 15
Views: 2136

Re: Any ideas of for a 2nd job / career?

Darn it, I am of no use to you! :) But that's great that your current job is so flexible. Maybe you can put the real estate license to work, if that's something that interests you. Sure you are! I'd love to put the license to work, but it'd really only be helpful if I were going to be a salesperson...
by creditdefaultswaps
Mon Feb 13, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Any ideas of for a 2nd job / career?
Replies: 15
Views: 2136

Re: Any ideas of for a 2nd job / career?

I'm considering taking advantage of my situation by looking for a 2nd work-from-home gig that I can use to generate additional income. My goal is to earn an additional $2-5K/month. I've done this prior as a consultant, but it was grueling. I'd be willing to take less if it were more structured and ...
by creditdefaultswaps
Mon Feb 13, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Any ideas of for a 2nd job / career?
Replies: 15
Views: 2136

Re: Any ideas of for a 2nd job / career?

The headwind you'll face is all that extra income will be taxed at the margin. A second job earning $2-5K/month (net? gross?) would be very inefficient. Have you considered land lording/rentals? Not for everyone, but it's (1) tax efficient (offset income by mortgage interests and depreciation) and ...
by creditdefaultswaps
Sun Feb 12, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Any ideas of for a 2nd job / career?
Replies: 15
Views: 2136

Re: Any ideas of for a 2nd job / career?

I'm in the fortuitous position of having software engineering career that allows me to work from home and make upwards of $180K/yr. That said, I live in a high tax state and after child support, my take home pay easily resembles a $70K/yr salary. This is making it difficult to reach my financial go...
by creditdefaultswaps
Sun Feb 12, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Any ideas of for a 2nd job / career?
Replies: 15
Views: 2136

Re: Any ideas of for a 2nd job / career?

livesoft wrote:Many people in your situation would move to a low-tax state.


We're here after two other previous cross-country moves and we love it. But moving comes up often, especially given we'll likely never be able to afford a home here. Any suggestions as to state/city?
by creditdefaultswaps
Sun Feb 12, 2017 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Any ideas of for a 2nd job / career?
Replies: 15
Views: 2136

Any ideas of for a 2nd job / career?

I'm in the fortuitous position of having software engineering career that allows me to work from home and make upwards of $180K/yr. That said, I live in a high tax state and after child support, my take home pay easily resembles a $70K/yr salary. This is making it difficult to reach my financial goa...
by creditdefaultswaps
Fri Jan 06, 2017 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Moving Away from Robotraders - Good idea?
Replies: 23
Views: 2187

Re: Moving Away from Robotraders - Good idea?

Just got to get super aggressive in the next five years right? Yea, but as I get older, I also think that I need to balance out the extreme saving and overall cheapness with investing in items with long-term durability and giving myself the occasional reward for my hard work. Live is too short, I c...
by creditdefaultswaps
Thu Jan 05, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Away from Robotraders - Good idea?
Replies: 23
Views: 2187

Re: Moving Away from Robotraders - Good idea?

I'm in virtually the same financial and life circumstances as you from what I can tell. Early 30's, high risk/return reasonable financial position. I have: - Betterment - tIRA (zero balance) -> Roth IRA + Taxable (with weekly additions) - Schwab - 401k - Robinhood - Taxable (single stocks to play w...
by creditdefaultswaps
Thu Jan 05, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Away from Robotraders - Good idea?
Replies: 23
Views: 2187

Re: Moving Away from Robotraders - Good idea?

For those curious, here are the stock mixes for Betterment IRA ($91K): http://i.imgur.com/mkMvIbol.png Wealthfront Taxable ($22K): http://i.imgur.com/7MXiKN0.png Acorns Taxable ($6K): http://i.imgur.com/IkEo8Kml.png My risk tolerance on all is HIGH due to me being in my early 30s and owning an inves...
by creditdefaultswaps
Thu Jan 05, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Away from Robotraders - Good idea?
Replies: 23
Views: 2187

Re: Moving Away from Robotraders - Good idea?

They look at the taxable gain from the sale and estimate the taxes using these assumptions:
Estimated tax for this transaction only, based on estimated gains and losses and assuming the highest tax rates of 39.6% federal, 13.3% state, 3.8% medicare surtax and deductibility of state taxes.
by creditdefaultswaps
Thu Jan 05, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Away from Robotraders - Good idea?
Replies: 23
Views: 2187

Re: Moving Away from Robotraders - Good idea?

Well, passing up TLH is in my opinion a mistake. I don't personally find it to be difficult or time-consuming, but it isn't free either effort or time.


If it's that easy and takes little time, I have no issues with doing it. That said, how do I do my own TLH?
by creditdefaultswaps
Thu Jan 05, 2017 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Moving Away from Robotraders - Good idea?
Replies: 23
Views: 2187

Re: Moving Away from Robotraders - Good idea?

If you think you can do a reasonable job at TLH yourself, then you don't need them


Unless it's easy and takes very little of my time, I have no interest in managing TLH myself.
by creditdefaultswaps
Tue Jan 03, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Away from Robotraders - Good idea?
Replies: 23
Views: 2187

Re: Moving Away from Robotraders - Good idea?

As I mentioned previously, it's disadvantageous to manage these taxable accounts across multiple accounts and thus, why I'm looking to simplify and consolidate.
by creditdefaultswaps
Tue Jan 03, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Away from Robotraders - Good idea?
Replies: 23
Views: 2187

Re: Moving Away from Robotraders - Good idea?

It's a good idea for the tIRA. For the taxable accounts, do you know what the unrealized capital gains are? There's no reason you can't do tax loss harvesting at Vanguard. Do you have an employer-based retirement plan? According to Betterment, I'd have a gain of $575 with a resulting tax of $279. H...
by creditdefaultswaps
Mon Jan 02, 2017 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Away from Robotraders - Good idea?
Replies: 23
Views: 2187

Moving Away from Robotraders - Good idea?

Hi Folks. I'm managing about 120K in Betterment, $90K in Traditional IRA and the remainder in a taxable account. I also have $25K in Wealthfront. I'm thinking it might be a good idea to move everything to a 3 or 4 ETF lazy portfolio at Vanguard. Is this a good idea? Is there anything I should be awa...

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