Search found 209 matches

by metrunt
Wed May 16, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: Interesting/Playful ideas for 1 year baby
Replies: 37
Views: 1478

Re: Interesting/Playful ideas for 1 year baby

From my experience, babies love to hang out at the bar with their daddies.
by metrunt
Wed May 16, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off Debt vs. Investing
Replies: 25
Views: 1333

Re: Paying off Debt vs. Investing

...there needs to be more emphasis on needing to do something productive with those debt payments once the debt is gone, having a specific plan in place for what that will be, and having a system to hold yourself accountable. Without that, putting all your extra money towards even high-interest deb...
by metrunt
Tue May 15, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7453

Re: Can a <median household save 1 year of expenses every year?

triceratop wrote:
Tue May 15, 2018 10:48 am
People whose stories about how they can/do save 1 year of expenses every year don't count for this thread:
Pull over, the thread police has arrived!
by metrunt
Mon May 14, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 9866

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

can't everyone mega backdoor? Nope. Your 401k plan needs to have a couple of unusual features, primarily the ability to contribute post-tax and to make in-service distributions. There's a handful of good blog articles on this that explain it better than we can on these forums. This is one: https://...
by metrunt
Mon May 14, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Federal Capital Gains Tax on Company Sale By Taking a Zero Salary
Replies: 18
Views: 1762

Re: Avoiding Federal Capital Gains Tax on Company Sale By Taking a Zero Salary

Well, best of luck. A seven figure payout in less than 5 years of launch is great!
by metrunt
Mon May 14, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 9866

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

You can't just Roth the balance though. There are limits to that as well. Depending on the rules the employer has set up for the 401K, you have other options, such as post-tax contributions and a mega-backdoor Roth. For me, the lack of liquidity is a feature for not, not a bug. If my money is in a r...
by metrunt
Mon May 14, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: FINCON...other Boglehead-Type Groups
Replies: 5
Views: 848

Re: FINCON...other Boglehead-Type Groups

There's a ton, but most don't have the appeal to Bogleheads who are less "frugally-oriented". Most of this circle of writers are into really low expenses. I'm a Gen Xer myself, so I'm in-between. MMM has strong forums. For blogs, there's Millennial Revolution. Financial Samurai. JL Collins. The Frug...
by metrunt
Mon May 14, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Small Biz Working Capital
Replies: 2
Views: 181

Re: Help with Small Biz Working Capital

What sorts of emergencies do you anticipate? I don't think it's worthwhile to put it in Vanguard. It will take 2-5 days to get it out (if you submit a request on Thursday after market close, you won't see the money until Monday at least). That's no good if you've got to cover a payroll on Friday. Le...
by metrunt
Mon May 14, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: 1031 Exchange- Complex question
Replies: 9
Views: 756

Re: 1031 Exchange- Complex question

curmudgeon wrote:
Mon May 14, 2018 10:22 am
These days the $500K exclusion has to be pro-rated across the years of rental/personal use for a converted rental. Not quite the sweet deal it was in the past.
Oh no! That was a nice feature.
by metrunt
Mon May 14, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Federal Capital Gains Tax on Company Sale By Taking a Zero Salary
Replies: 18
Views: 1762

Re: Avoiding Federal Capital Gains Tax on Company Sale By Taking a Zero Salary

Making a stock sale rather than an asset sale can be negotiated. Depending on the assets of the company, it may be better all around (eg assignment of client contracts), but I know generally buyers aren't keen on it. But that's why it's negotiated. It's better for you to take a 30% reduction in sale...
by metrunt
Mon May 14, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: 1031 Exchange- Complex question
Replies: 9
Views: 756

Re: 1031 Exchange- Complex question

What's your goal here? It sounds like it is to free up some cash by selling a rental property in order to buy a new primary residence and keep your tax burden as low as possible. Is that correct? Gifting your primary residence to your kids doesn't make any sense towards this goal. You have a couple ...
by metrunt
Sun May 13, 2018 10:23 pm
Forum: Investing - Theory, News & General
Topic: HSBC - Checking+Brokerage Bonus $750 for 100K in 90 days - Any catch?
Replies: 14
Views: 1359

Re: HSBC - Checking+Brokerage Bonus $750 for 100K in 90 days - Any catch?

The downside is HSBC sucks. I've had a terrible experience with them in the past year. I would never do business with them again. I get the impression their USA business is an afterthought, an abandoned attempt to enter the market with the purchase of Marine Midland 20 years ago that never caught on...
by metrunt
Sun May 13, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Federal Capital Gains Tax on Company Sale By Taking a Zero Salary
Replies: 18
Views: 1762

Re: Avoiding Federal Capital Gains Tax on Company Sale By Taking a Zero Salary

Is this a stock or asset sale? What type of corp? Look into the Qualified Small Business Stock QSBS exclusion. Depending on your start date, and field, you could be in fine shape. Remember, you get taxed on the capital GAINS. If you've put any cash equity into the company, (or you acquired it yourse...
by metrunt
Thu May 10, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: How Much may I contribute as a Sole Proprietor to my solo 401K?
Replies: 13
Views: 1008

Re: How Much may I contribute as a Sole Proprietor to my solo 401K?

If one was doing a pre-tax 401k, and the choice was to put into the 401k or take the health insurance deduction, which makes more sense?
by metrunt
Thu May 10, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Newby to this forum: do i have enough?
Replies: 43
Views: 7432

Re: Newby to this forum: do i have enough?

Expenses to you means everything needed to keep you fed and housed AND your business operational. Expenses to metrunt likely means just keeping you fed and housed. If we split your expenses in two: (similar to a rental property) where the business is one line item (+/-) and is either cash flow posi...
by metrunt
Tue May 08, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Newby to this forum: do i have enough?
Replies: 43
Views: 7432

Re: Newby to this forum: do i have enough?

It's delusional to think that clipping coupons is part of the path to wealth accumulation when someone is making $650,000 a year. Self-identifying as 'frugal' here may make you feel good, but it stretches the limits of credulity.
by metrunt
Mon May 07, 2018 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Newby to this forum: do i have enough?
Replies: 43
Views: 7432

Re: Newby to this forum: do i have enough?

ysl888 wrote:
Mon May 07, 2018 7:13 pm
our lifestyle requires approx 300-350K per year to live ... otherwise we are quite frugal-old cars, just love coupons and costco!!
Isn't this forum full of interesting ideas?
by metrunt
Mon May 07, 2018 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to understand inflation
Replies: 16
Views: 1059

Re: Trying to understand inflation

I appreciate the help, but I think that I’m still a little confused. So if I saved $4,000 monthly for 23 years I’d have approx. $3.2 million but I’d be worth $1.6 million (which is the amount I need for my total retirement)? So saving $4,000 Monthly for the next 23 years is what I’d have to do to g...
by metrunt
Thu May 03, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Invest lumpsum, "cost averaging" or "wait for the crash"
Replies: 56
Views: 3570

Re: Invest lumpsum, "cost averaging" or "wait for the crash"

"You buy your portfolio every day." Anything but lump sum is trying to time the market. My crystal ball is on the fritz, so I pass on dollar cost averaging. (and yes, I've been in the market since 1997 and lived through market crashes without blinking an eye). If you feel bad after a lump sum contri...
by metrunt
Thu May 03, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house and High tax state.. Does it make sense anymore??
Replies: 28
Views: 2180

Re: Buying a house and High tax blue state.. Does it make sense anymore??

You're wondering if it makes sense to buy a house when you will pay a lot in property taxes. I'm not sure why "blue" is relevant here. Or even really 'state'. It depends on whether you will use the services property taxes provide, primarily child education. I live in an area with low property taxes ...
by metrunt
Sun Apr 29, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage pay off or 529
Replies: 7
Views: 644

Re: Mortgage pay off or 529

If he lives in a state that provides a lucrative state tax break, contributing to a 529 may continue to make plenty of sense. That's very true. If your funds are coming from income, I think you could even contribute up to the limit for the state income tax deduction each year and then withdraw it t...
by metrunt
Sun Apr 29, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage pay off or 529
Replies: 7
Views: 644

Re: Mortgage pay off or 529

I don't see how putting into the 529 makes much sense here.The benefit of a 529 is that accumulated interest on withdrawn funds is tax-free. How much interest are you going to accrue by the time these kids go to college? Is that worth restricting the money to only be used for educational expenses? I...
by metrunt
Tue Apr 24, 2018 10:31 pm
Forum: Personal Consumer Issues
Topic: Family trip, Southwest USA
Replies: 27
Views: 2176

Re: Family trip, Southwest USA

You're talking about a lot of travelling. I agree to choose NM or AZ but not both and fly both ways, renting a car. If you have your heart set on making miles, you could fly into El Paso and drive up from there to Colorado Springs, stopping at Carlsbad Caverns, White Sands, the Very Large Array, Alb...
by metrunt
Tue Mar 06, 2018 11:28 am
Forum: Personal Consumer Issues
Topic: Colorado Summer Vacation - what to see and where to stay
Replies: 53
Views: 3583

Re: Colorado Summer Vacation - what to see and where to stay

I agree with the less driving vs more driving view, especially with kids. I live in a neighboring state with 3 under 12. We've done a few trips around Colorado. Some quick picks, though they're not all near each other... The Jellystone outside of Estes Park plus horseback riding nearby Alpine slide ...
by metrunt
Fri Mar 02, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: How long to wait for 1099s?
Replies: 10
Views: 1277

Re: How long to wait for 1099s?

Businesses have to mail them out by Jan 31st. If you haven't gotten it yet, you're not going to.
by metrunt
Thu Mar 01, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why child care tax credit for double income families, but not single?
Replies: 32
Views: 3580

Re: Why child care tax credit for double income families, but not single?

Human perception of fairness is a funny thing.

With this credit, you don't get taxed extra by being a single income family. It's just someone else is getting taxed less. It's not a competition. You're not losing anything.

PS I am the sole earner for my family of 2 adults and 3 kids.
by metrunt
Thu Mar 01, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Will my lax approach to record keeping fly in an audit?
Replies: 40
Views: 3920

Re: Will my lax approach to record keeping fly in an audit?

I feel similarly about my business expenses and the risk of an audit. I don't keep very good paper records. However, I do have a business checking and a business credit card and only put business expenses on those on never on my personal. It makes bookkeeping 100x easier. I do a little churning too,...
by metrunt
Thu Mar 01, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: I'm thinking of pulling out of the market
Replies: 23
Views: 4204

Re: I'm thinking of pulling out of the market

I suspect the reason it's $50K towards a down payment rather than a straight bonus is to tie you emotionally and financially to an area (and the job). I agree that not buying right away is a smart move. If you want to get a little tricky...does the $50K have to go towards the purchase of a primary r...
by metrunt
Thu Feb 22, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 11582

Re: I'm Cancelling My Home Insurance

You aren't worried about losing 12% of NW but are worried about an insurance premium that is what? <.1% of NW? Depends...what's the risk of losing the house in a year? If it's 1/120 then it's a wash. If it's 1/150 then it's -EV. Generally self-insurance is *always* a better option, if you can affor...
by metrunt
Thu Feb 22, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Would you pay off this debt?
Replies: 60
Views: 2489

Re: Would you pay off this debt?

Do you expect your investments to return more than 1.75% over the next year? More than 4.125% over the next 5? If so, don't pay off. Providing job flexibility is a red herring. You can always pay the debts off in the future in your want to change. Your reasons for paying off debt are psychological, ...
by metrunt
Tue Feb 20, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 11582

Re: I'm Cancelling My Home Insurance

The market always recovers on its own. A burned down house never recovers on its own. I think there's a fallacy in this line of thinking. Every day when you don't sell your portfolio you're re-buying it. Money is money. If you lose $120K because of a 12% decline in stocks or because your $120K hous...
by metrunt
Tue Feb 20, 2018 1:48 pm
Forum: Investing - Theory, News & General
Topic: Which book for an 18 year old who is asking about investing?
Replies: 45
Views: 3122

Re: Which book for an 18 year old who is asking about investing?

AerialP wrote:
Fri Feb 16, 2018 8:26 pm
The best eye-opener for me when I was about 23 years old was: "Get A Financial Life: Personal Finance in your Twenties & Thirties" by Beth Kobliner.
I read this at age 20 and it changed my life.
by metrunt
Fri Feb 16, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 11582

Re: I'm Cancelling My Home Insurance

The market always recovers on its own. A burned down house never recovers on its own. I think there's a fallacy in this line of thinking. Every day when you don't sell your portfolio you're re-buying it. Money is money. If you lose $120K because of a 12% decline in stocks or because your $120K hous...
by metrunt
Thu Feb 08, 2018 10:16 pm
Forum: Personal Consumer Issues
Topic: 24 hr refund policy on airlines
Replies: 5
Views: 708

Re: 24 hr refund policy on airlines

For the record, the 24 hour cancellation only applies to flights bought 7 days or more before your flight.
by metrunt
Sat Feb 03, 2018 7:16 pm
Forum: Personal Consumer Issues
Topic: Is LinkedIn premium worth it?
Replies: 18
Views: 1962

Re: Is LinkedIn premium worth it?

Go try to compete for talent in the Bay Area or NYC or similar without an internal recruiting team and let me know how that works out for you. My business is based in NYC and we do have an internal recruiting team. Not sure what you're trying to say. I'm not saying a company or a candidate doesn't ...
by metrunt
Sat Feb 03, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: Is LinkedIn premium worth it?
Replies: 18
Views: 1962

Re: Is LinkedIn premium worth it?

People who are constantly looking for a job (I know people like that) and headhunters use LinkedIn Premium. That people who are constantly looking for a job use LinkedIn Premium is a mark against it, right? Otherwise they would have a job they're happy with? I run a business and have 75 employees. ...
by metrunt
Sat Feb 03, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: Is LinkedIn premium worth it?
Replies: 18
Views: 1962

Re: Is LinkedIn premium worth it?

LinkedIn is a scam. Yes, you should have a profile, and yes, you should mine your connections for references, but that's it.

If you're really looking for a job, read Nick Corcodilos https://www.asktheheadhunter.com/basics
by metrunt
Thu Jan 18, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Neighbor bequest question
Replies: 2
Views: 481

Neighbor bequest question

This is New York State. My mom is in her early 70s. Her neighbor is early 90s. They've been living next door to each other for 45 years. They are also close with another neighbor, Jane. Jane and my mom do tasks for their neighbor who is frail, but mentally acute. The neighbor confided in my mom and ...
by metrunt
Fri Jan 12, 2018 11:36 pm
Forum: Personal Consumer Issues
Topic: Caribbean Recommendations
Replies: 3
Views: 781

Re: Caribbean Recommendations

It's pretty all-inclusive, but not obnoxious. In fact, it's amazing...

http://www.hamanasi.com/

I was there for a week in early November and I can't recommend it enough.
by metrunt
Mon Jan 08, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: protecting future inheritance
Replies: 31
Views: 3045

Re: protecting future inheritance

In the end, it is your parent's money to do with what they will. If your dad blows it all on some scheme, c'est la vie Respectfully disagree. If they blow it all on a round-the-world cruise, that's none of your business. But if they are repeatedly taken advantage of -- financially and otherwise -- ...
by metrunt
Sun Jan 07, 2018 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest all right now? (1.4M, 34 yrs)
Replies: 22
Views: 4011

Re: Should I invest all right now? (1.4M, 34 yrs)

Could you, off the top of your head, explain what the Shiller PE ratio is? No checking google or anything. Just give an off the cuff plain English explanation? If the answer is no, then you shouldn't be making investment decisions based on it. If it's yes, could you have done that a year ago? Cause ...
by metrunt
Sun Jan 07, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: protecting future inheritance
Replies: 31
Views: 3045

Re: protecting future inheritance

Hi all, sorry if this sounds greedy/evil/morbid but I am wondering what steps I could take to protect my claim to inherit my parents estate when they pass. Here is the situation: I am an only child and my parents are not wealthy but have a decent nest egg and own their home. My wife and I do not ne...
by metrunt
Fri Dec 29, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA with low income but high net worth
Replies: 39
Views: 2707

Re: FAFSA with low income but high net worth

Stuff as much into retirement accounts Pay off your house Put as much as you can in a family owned business Buy new stuff, cars, furniture, home improvement, etc before you apply, not after Some of those CSS Profiles ask about the value of your car, your watch, value of homes less any outstanding m...
by metrunt
Fri Dec 29, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA with low income but high net worth
Replies: 39
Views: 2707

Re: FAFSA with low income but high net worth

Stuff as much into retirement accounts
Pay off your house
Put as much as you can in a family owned business
Buy new stuff, cars, furniture, home improvement, etc before you apply, not after
by metrunt
Sun Dec 17, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Clever use of a "C" Corporation
Replies: 23
Views: 3424

Re: Clever use of a "C" Corporation

You pay corporate tax on C Corp profits whether you take a dividend or not.
by metrunt
Thu Nov 30, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 3884

Re: housing for in-laws

You should reconsider #3. After a year, it's seems like it's time for your DW to push her parents out of the nest. They're adults, they'll learn the language if they have to. The little expenses will be far less than the cost (versus value) of a kitchen add-on, buying a house with two kitchens, or b...
by metrunt
Fri Nov 24, 2017 5:12 pm
Forum: Personal Consumer Issues
Topic: The Wolf of Wall Street
Replies: 33
Views: 4917

Re: The Wolf of Wall Street

The second time I watched Wolf of Wall Street, I realized it was actually a comedy, and really funny.

The qualude scene (no, the other one) was hilariously funny.
by metrunt
Thu Nov 02, 2017 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help me get back into the market
Replies: 40
Views: 6912

Re: Help me get back into the market

My understanding is that someone who lump summed into S&P 500 in Nov 2016 would have earned 12.8%. Someone who DCA'd, putting in 1/12 each month would have earned 1/2 that.
by metrunt
Sat Oct 28, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: S&P 500 -- Ten Years Thoughts?
Replies: 45
Views: 5855

Re: S&P 500 -- Ten Years Thoughts?

For a UK based investor, it would be a terrible mistake to be heavily biased against the US market, or in favour of it. Global capitalization weighting is probably best (US c. 55% then). I'd like to hear more about this. Why is the investing strategy of a UK based investor different than a US one? ...