Search found 24 matches

by hotscot
Thu Jun 02, 2016 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: It's not shady to move States for tax reasons is it?
Replies: 48
Views: 4952

Re: It's not shady to move States for tax reasons is it?

Good points.

It's been indicated that the sale will take place around mid 2018 at the earliest so if I plan a move summer 2017, do partial year taxes etc then hopefully wave goodbye to CA.
I'm aware there may be gotchas but I'll find a tax pro I can consult with.
by hotscot
Thu Jun 02, 2016 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: It's not shady to move States for tax reasons is it?
Replies: 48
Views: 4952

Re: It's not shady to move States for tax reasons is it?

Thanks for this..pheww... It talks about the location of your bank. I'm with Wells Fargo but presumably as they have branches nationwide then that's an archaic requirement? (How does one transfer a bank account to another State? It will still be held at Wells Fargo.) It also says if you've spent 9 m...
by hotscot
Thu Jun 02, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: It's not shady to move States for tax reasons is it?
Replies: 48
Views: 4952

Re: It's not shady to move States for tax reasons is it?

i see no problem with you moving to another state simply for the sake of avoiding capital gains taxes. that didnt even raise my eyebrows. what i was concerned about while reading your post was: what happens if the sale does not go through for whatever reason? you will have moved to another state at...
by hotscot
Tue May 31, 2016 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: It's not shady to move States for tax reasons is it?
Replies: 48
Views: 4952

Re: It's not shady to move States for tax reasons is it?

Thanks all...I'll go ahead with my planning but to be on the safe side consult with a specialist since I'll be leaving CA.
(And yes after doing a bit of research it seems that CA is draconian in trying to grab a piece of the pie.)
by hotscot
Tue May 31, 2016 11:09 am
Forum: Personal Finance (Not Investing)
Topic: It's not shady to move States for tax reasons is it?
Replies: 48
Views: 4952

It's not shady to move States for tax reasons is it?

About 10 years ago I was part of a management buy in in a company I used to work for. It's becoming clear that when the company is sold in one or two years that the Capital Gains will be significant. We can just move from CA to NH , where there 's no CGT? There's nothing preventing us doing that? Yo...
by hotscot
Tue Feb 17, 2015 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: FATCA. Foreign and Multinational Companies.
Replies: 5
Views: 398

Re: FATCA. Foreign and Multinational Companies.

Thank you..I'll look into it.
by hotscot
Tue Feb 17, 2015 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: FATCA. Foreign and Multinational Companies.
Replies: 5
Views: 398

Re: FATCA. Foreign and Multinational Companies.

I worked for a multinational a few years ago, defense tech. They have offices, manufacturing and markets of a global nature, including in the US. Private company. All the management, including me, were allowed to invest privately in the non traded company. I have a document stating that I own 'x' am...
by hotscot
Tue Feb 17, 2015 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: FATCA. Foreign and Multinational Companies.
Replies: 5
Views: 398

FATCA. Foreign and Multinational Companies.

Does FATCA only apply to a 100% non US company or financial organizations?

For example if you had a direct investment in a multinational company, one that has significant operations/activities in both US and Europe, you don't report under FATCA?
by hotscot
Tue Feb 03, 2015 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Another FATCA question
Replies: 0
Views: 263

Another FATCA question

I worked for an electronics company five years ago. Headquartered in France but with divisions in the US. I worked for a US division. At the time management was invited to invest cash into the company with the company being sold off next year, 2016, where those managers will see a return. My main is...
by hotscot
Tue Jan 27, 2015 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: 457 Investment Choices
Replies: 7
Views: 911

Re: 457 Investment Choices

Thank you all.

We'll go with one of the Target Funds and keep it simple.
We have many other investments including Vanguard and Fidelity low cost funds that we're happy with since we tend to buy and hold rather than actively trade.
by hotscot
Mon Jan 26, 2015 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: 457 Investment Choices
Replies: 7
Views: 911

Re: 457 Investment Choices

Thanks for the feedback..pretty new to this but I already felt the choices were poor.

Government plan.
by hotscot
Sun Jan 25, 2015 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: 457 Investment Choices
Replies: 7
Views: 911

457 Investment Choices

I don't normally ask others to do my research but I'm just starting and the online system for the 457 is very cumbersome. I'd appreciate if anyone would have a quick glance at these choices and make a couple of suggestion off the top of your head if you feel any stand out in terms of value. Then I'l...
by hotscot
Fri Aug 22, 2014 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k for new business
Replies: 4
Views: 623

Re: Solo 401k for new business

It's an LLC.
Thanks.
by hotscot
Thu Aug 21, 2014 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k for new business
Replies: 4
Views: 623

Solo 401k for new business

I have recently started my own business. In the first year with all my startup costs and many of them being tax deductable I may not even owe any tax next year and I may have no real profit to show.​ Income yes, profit no. My specific question is this. If I want to contribute to a 401k do I need to ...
by hotscot
Wed Oct 23, 2013 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Simple IRA Contribution Deadline: Dec or April?
Replies: 5
Views: 305

Re: Simple IRA Contribution Deadline: Dec or April?

Thanks for the feedback.
So it seems I can't contribute to 2013 from my 2014 pay.
I'll ask for the 60 day window to be clarified.
by hotscot
Wed Oct 23, 2013 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Simple IRA Contribution Deadline: Dec or April?
Replies: 5
Views: 305

Simple IRA Contribution Deadline: Dec or April?

i just signed up for a Fidelity Simple IRA with my new employer. I'm told I have to wait 60 days to contribute to the plan, which will then be the last week of December. I thought I could still make contributions, (salary deductions?), for the 2013 year up to the April 15th 2014 deadline. However th...
by hotscot
Fri Aug 30, 2013 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Simple IRA offered by new employer
Replies: 9
Views: 769

Re: Simple IRA offered by new employer

Thanks. I've been contributing after tax to my Roth anyway, I suppose I'll now be able to claim tax back.
It's just frustrating that now I'm in my 50's a 401k plus catch up is a wonderful way to save for retirement.
by hotscot
Fri Aug 30, 2013 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Simple IRA offered by new employer
Replies: 9
Views: 769

Simple IRA offered by new employer

I'm considering a job offer from an employer that only offers a Simple IRA, which has much lower contribution limits than a 401K.
Is there any other tax deferred mechanism I can use?
by hotscot
Tue Dec 18, 2012 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Put and Call Options.
Replies: 14
Views: 842

Re: Put and Call Options.

[quote="ourbrooks"]I'm guessing that the documents have to do with selling put and call options against the stock you already own,

Yes...that's what they seem to indicate.
Thanks
by hotscot
Tue Dec 18, 2012 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Put and Call Options.
Replies: 14
Views: 842

Re: Put and Call Options.

I didn't want to provide tons and tons of detail and expect someone to work it all out for me.
I just have no idea of the implications of non activity concerning these things.
Maybe I should seek some expert help if it may be important.
by hotscot
Tue Dec 18, 2012 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Put and Call Options.
Replies: 14
Views: 842

Put and Call Options.

Hi all....I know a little about investing. Enough to be dangerous. I max 401k's, Roth etc..investing in low cost diversified funds. I worked for a mid range international company. Private not public. I was allowed to buy some stock. I was laid off a couple of months ago and, apparently because of th...
by hotscot
Wed Feb 01, 2012 1:37 pm
Forum: Investing - Theory, News & General
Topic: Noob. Really easy question on dividend yield.
Replies: 4
Views: 491

Re: Noob. Really easy question on dividend yield.

Ok I think I figured it.

It seems in my 401k I have a different class of shares, non-admin shares, that pay a lesser dividend.

Learned something new today.
by hotscot
Wed Feb 01, 2012 12:28 pm
Forum: Investing - Theory, News & General
Topic: Noob. Really easy question on dividend yield.
Replies: 4
Views: 491

Re: Noob. Really easy question on dividend yield.

One lot. All DRIP.
There's nothing mentioned about fees, for this activity, in my account.

It's through Fidelity..probably I should just call.

I just wondered if it was usually (No. of shares x monthly dividend yield = monthly dividend.)


Thanks for the feedback.
by hotscot
Wed Feb 01, 2012 11:12 am
Forum: Investing - Theory, News & General
Topic: Noob. Really easy question on dividend yield.
Replies: 4
Views: 491

Noob. Really easy question on dividend yield.

I have @ 9,400 shares in PTRAX. It states that the monthly distribution today is 0.0279. I had assumed that this would mean my cash dividend would amount to 0.0279 x 9,400 = $262.00 However the amount that's been contributed to my account as a dividend is $172.00. Can someone please help me understa...

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