Search found 181 matches

by smitcat
Mon Mar 27, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Need advice about massive changes in daughter's college program by dean
Replies: 52
Views: 3443

Re: Need advice about massive changes in daughter's college program by dean

I went through something similar with my daughter.....
My vote is for #2 right away.
by smitcat
Fri Mar 24, 2017 8:29 pm
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 45
Views: 2482

Re: Honda Transmission Service

Here is one link that has the Honda TSB (technical service bulletin) quoted.... http://www.odysseyownersclub.com/forums/showthread.php?p=59810 You can easily find many similar factory TSB's and trained tech suggestions for these transmissions by searching on specific Honda owners club sites such as ...
by smitcat
Fri Mar 24, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: After-tax IRA with a 401k in the future - backdoor Roth in the future
Replies: 5
Views: 375

Re: After-tax IRA with a 401k in the future - backdoor Roth in the future

"Thanks!...Even if the backdoor Roth is not done on the same year right?....It seems to me to be an obvious yes too, but as I've never done a backdoor Roth, just want to make sure." Once (immediately) we had the 401K at work to roll money into we could separate the accounts (pre and post t...
by smitcat
Fri Mar 24, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1215

Re: Roth v. Traditional allocation

"Not SGM, but many people have pensions and other sources of income that fill up the lower brackets and cause 401K/IRA withdrawals to be taxed at 25% or higher." That makes a bunch of sense but does it apply to most/many situations like the OP? What typical level of income would be needed ...
by smitcat
Fri Mar 24, 2017 11:37 am
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 45
Views: 2482

Re: Honda Transmission Service

"Not sure what you mean by "completely different". Regardless of designs, mostly all transmissions run with fluid and need to cool it by routing to transmission cooler. For Honda, just un-clip the return rubber tube from trans cooler and flush the fluid completely. Same technique with...
by smitcat
Fri Mar 24, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 45
Views: 2482

Re: Honda Transmission Service

"I think flushing transmission technique is the same for Honda, Toyota or Nissan. What makes you think Honda is different?" I do not know if Toyota's or Nissans are the same or not as I have no experiences with them. Based upon what I have read about their transmissions (especially Nissan)...
by smitcat
Fri Mar 24, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 45
Views: 2482

Re: Honda Transmission Service

"If flushing likely causes problems then why did your service manager friend do them?" Not done at that site - brought in after flushing elsewhere. I am not posting to convince you not to flush your Honda - please do as you like with your car. Perhaps visit the very active Honda owners sit...
by smitcat
Fri Mar 24, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 4983

Re: Are Bogleheads in the minority on the use of investment advisors?

"I asked our friends and my brother and his wife why and how they use their paid advisors. They both said they don't want to spend their own time to learn about all the issues related to managing their finances. They said they rely on their investment advisors to lay out and advise them them on...
by smitcat
Fri Mar 24, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 45
Views: 2482

Re: Honda Transmission Service

delete
by smitcat
Fri Mar 24, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 45
Views: 2482

Re: Honda Transmission Service

"A flush is not "guaranteed" problems and none of you have any data to support your claims. I've done a transmission flush on an old transmission with no problems. However I do my own work now and its drain and fills for me because of that now. I also have also used compatible Valvoli...
by smitcat
Fri Mar 24, 2017 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1215

Re: Roth v. Traditional allocation

"She will likely will owe some taxes during IRA withdrawals. For a lot of us a traditional IRA balance of $100k is really only worth $75k or less in spending power. While the spending power of a Roth IRA of $100k is $100k. It pays to learn about Roth conversions when you have the time and incli...
by smitcat
Fri Mar 24, 2017 8:05 am
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 45
Views: 2482

Re: Honda Transmission Service

No flush At 30,000 mile intervals or so I drain and replace the fluid 3 times in succession with a very short drive in between. Takes just over 3 qts on each drain and replace and the drain in just behind the front left tire. Also got a pack of like 20 drain bolt washers off of ebay a while back so ...
by smitcat
Fri Mar 24, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: After-tax IRA with a 401k in the future - backdoor Roth in the future
Replies: 5
Views: 375

Re: After-tax IRA with a 401k in the future - backdoor Roth in the future

"My question is, should we both max out our aftertax IRA for this year to do an additional $11k in backdoor Roth?"

Yes - that is what we do but with the catch up allowance for ages over 55 we can go to $13K.
by smitcat
Thu Mar 23, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 77
Views: 5645

Re: How did graduating out of daycare impact your finances?

"With days off, etc., the actual total comes to $30/day/child, which is a typical rate around here for in-home care. State law allows up to four unrelated children in an at-home daycare, which would amount to $120/day (we provide the food). I don't see what is unethical about that."" ...
by smitcat
Thu Mar 23, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 77
Views: 5645

Re: How did graduating out of daycare impact your finances?

"$5000/1800 = < $3/hr, yes?" That might be - or maybe $9/ hour for 32 hours a week which covers about a third of the year leaving 2/3rds still to go. "This covers around 35 hours / week (~1,800 / year). We do a background check, get references, etc. Our childcare provider has two kids...
by smitcat
Thu Mar 23, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"I think you are making this too complicated - the only question for them is will they allow employees enrolled in their 401k to roll both previous 401k's and tIRAs into the Guideline 401k...if yes, you are set. If no, that is a limitation of their 401k that may limit their market share. People...
by smitcat
Wed Mar 22, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"Yes! but that's for T Rowe Price. Guideline.com has impressive low cost admiral shares." As long as you can get the exact funds you want - and the number of funds that that you want - then you can calculate your simulated expenses and see if they fit. If all that is good and you feel the ...
by smitcat
Wed Mar 22, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"Guideline confirmed I cannot roll my IRA into 401k to do backdoor Roth. Other than, the potential to go bankrupt is the only negatives. But, they grew from $120k AUM id Dec2015 to over $50M now. Isn't it typical for a company not to make a profit at this stage. Does EF offer to roll over exist...
by smitcat
Wed Mar 22, 2017 9:38 am
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 50
Views: 4768

Re: What's your strategy for withdrawing funds in Retirement ?

kolea, "I am 65, retired. I withdraw quarterly from my taxable account. Withdraw amount is 0.75%. If I need more, I take more. If I don't spend it, it gets rolled back into investments. If 0.75% of total assets is less than my floor (which is an inflation adjusted dollar amount), I will take ou...
by smitcat
Wed Mar 22, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 77
Views: 5645

Re: How did graduating out of daycare impact your finances?

"I don't know where some of you live, but $20 to 40k a year sounds a bit insane to me. We moved to a relatively LCOL area a few years ago, and pay ~$5k / year for in-home childcare in our neighborhood (one toddler). Granted, we have arranged it so my SO can stay with him on Fridays, so that's o...
by smitcat
Wed Mar 22, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

An excellent point raised by Ethelred.... "I'm not sure I'd class their index funds as "low cost", at least not compared to Vanguard/Fidelity/Schwab. The net ER on investor class index funds starts at 0.25% for S&P500, and rises pretty quickly. Only three US stock funds have ER be...
by smitcat
Wed Mar 22, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

Please check with your accountant but here is some feedback..... "I assume I can write off the $30 and the $1500 right? So, if my combined federal, state tax is ~35%, it's effectively $975 and $19.50 correct? Yes - wish my taxes were at that level. "Say if the 3% match is $6k. Could I take...
by smitcat
Wed Mar 22, 2017 8:30 am
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 69
Views: 3715

Re: A SUV for towing a Travel Trailer

The OP has a potential trailer that will be fully loaded at 3,200 # , he wants a suitable tow vehicle with at least a 5,000 # capacity. Sounds very logical and safe to me. No need for huge vehicles if the two vehicle is suet up correctly and the trailer and tongue weight is correct. I have a Ford Du...
by smitcat
Tue Mar 21, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

So it sounds like you have a doc in your possession that is accurate and part of a potential contract - that is good. That allows you to simulate what your actual costs will be for the plan year based upon your expected population and transactions. You are good to go in your evaluation - we cannot h...
by smitcat
Tue Mar 21, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Pre-Retirement Income & Post Retirement Expenses
Replies: 15
Views: 919

Re: Pre-Retirement Income & Post Retirement Expenses

"This is to gauge the commonly accepted principal that retirees need 70% of their pre-retirement income during retirement." IMHO - a fairly worthless guideline as most folks fall far away from these averages and the best course to take is to budget your retirement costs based upon your pla...
by smitcat
Tue Mar 21, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"My contact at Guideline.com emailed me the detailed fee https://my.guideline.com/agreements/ann ... disclosure" One example only - in this doc provided above look up Vanguard Small cap equity (VSTCX) and compare to the VG site info... https://personal.vanguard.com/us/funds/snapshot?FundId...
by smitcat
Mon Mar 20, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"That calculation is not quite right, but the overall reasoning is probably good." Ethelred - you are absolutely correct my math was not even close, did not mean to misrepresent at all. I have no intention of researching Guidline.com any more than I have the intention of defending anyone e...
by smitcat
Mon Mar 20, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"My feeling is that much like many venture tech companies trying to break into the market, they will often break even or lose money in the short term to acquire market share. The team and CEO have launched other successful companies, (Task Rabbit) so for me, it's a calculated risk worth taking ...
by smitcat
Mon Mar 20, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"Smitcat- 3 basis points of admin. There were no other fees disclosed in their terms of service- but I will specifically ask about the 12b. "I got a response....the competitor wasn't telling the truth. They have over 1,000 companies with over $50M in AUM." I believe that $50M at 0.000...
by smitcat
Mon Mar 20, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"The important notes here are that we did have about 20 employees when we started with money already rolled in from a former 401k and also we started several years ago and I believe their pricing may have changed. Because we had some $$ to start and the inflows seemed good enough to TRP, they w...
by smitcat
Mon Mar 20, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: How do deal with high expense fees in 401k
Replies: 5
Views: 398

Re: How do deal with high expense fees in 401k

"She has been contributing to her work 401k since it began being offered in 2015. She contributes enough for a match (she contributes 5% and is matched 50% of that so the company contributes 2.5% of her salary)." "I do not know who administers it so I do not know if she has a Brokerag...
by smitcat
Mon Mar 20, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

EF = "Employee Fiduciary"
by smitcat
Mon Mar 20, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"$8 per employee. Minimum $40 (employer) One time $500 Setup Fee (employer) .03 AUM fee (employee) Admiral Share ER for VG funds. (On their site) $1000 Termination fee if terminated before 2 years." So do they have any 12 b fees on the Funds you will be utilizing like the Admiral VG funds?...
by smitcat
Mon Mar 20, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"I agree. I'm an early adopter, and I'm hoping the risk doesn't show up. The extra costs of EF and others elongated the benefit of just implementing a SIMPLE IRA, so it works for me." For guidline.com - can you please share what your epected costs will be total from them? The total costs i...
by smitcat
Sun Mar 19, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: At 66, how much is continued earned income helping my Social Security?
Replies: 13
Views: 1620

Re: At 66, how much is continued earned income helping my Social Security?

"So again, the OP is asking what he can get by with and be able to defend in an audit. I think the experts here (not me!) will need more details on the nature of the business and the dollars involved to answer that question." It is a very interesting subject for those of us that have revie...
by smitcat
Sun Mar 19, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"I agree. I'm an early adopter, and I'm hoping the risk doesn't show up. The extra costs of EF and others elongated the benefit of just implementing a SIMPLE IRA, so it works for me." Dependent upon the funds that you want and/or pick and the balances in those funds the differences in cost...
by smitcat
Sun Mar 19, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: At 66, how much is continued earned income helping my Social Security?
Replies: 13
Views: 1620

Re: At 66, how much is continued earned income helping my Social Security?

"My question is I noticed that for 2017 I now pay Soc Sec tax on $127,200 of earnings, since I am self-employed (S-Corp) I pay both sides although I guess one side is deductible for my company. For the amount of SS taxes I am now paying annually, how much will this increase my actual benefits a...
by smitcat
Sun Mar 19, 2017 6:54 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

Perhaps check to see if there are any 12-b fees associated with guideline.com.
by smitcat
Sun Mar 19, 2017 6:52 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

I am having a hard time posting the link because it is to a pdf. You can google "TRP 401k costs" and on the first page there is a link to "pdf - understanding the fees - T Rowe Price". The pdf is only two pages and is fairly easily read. Here is another attempt at placing a link ...
by smitcat
Sat Mar 18, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"I have access to all of the company plan documents but they are a tough read and I don't think I would see fees in there - or at least easily." The fees are detailed in a pdf on their website - I am not sure if this link will work of not but lets give it a try... https://www.google.com/#q...
by smitcat
Sat Mar 18, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"Thought I would throw my two cents here on safe harbor 401k plans for small businesses. I am signing up for guideline.com safe harbor for my 6 employee S-Corp. $40 per month or ($8.00 per employee) They carry Fiduciary responsibility 3 bp AUM fee. $500 setup fee $1000 termination fee within fi...
by smitcat
Fri Mar 17, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"3(38) Fiduciary (investment manager) who can select investments," They assist in building the fund choices. They take your potential fund choices and compare then to the typical gvt plan selections They take your potential fund choices and graphically show you where the plan may be over o...
by smitcat
Fri Mar 17, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Scenario
Replies: 16
Views: 1863

Re: Social Security Scenario

"If you start drawing spousal at age 64 but your husband lives at least until you reach FRA, you will get your full survivor benefit after he dies. If you start drawing spousal at age 64 and your husband dies prior to you reaching your FRA, your spousal benefits will cease and you can begin dra...
by smitcat
Fri Mar 17, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Scenario
Replies: 16
Views: 1863

Re: Social Security Scenario

"I strongly suggest you get Mike Piper's book "Social Security Made Simple". " I have the book in hard copy - perhaps I am dense but I do not find this situation clearly identified within the book. Perhaps someone with a better feel for this can call out the page in that book whi...
by smitcat
Fri Mar 17, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"Thank you. Is the 0.08% is for the whole portfolio (if I move my IRA, I will be paying .08% annually for all that as well)? Will Employee fiduciary handle all aspects required to run a 401k? what kind of funds do they offer? I assume they do all the IRS required reporting." I suggest you ...
by smitcat
Fri Mar 17, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"That's not true. I can either choose to do non-elective 2% contribution for all or 3% match for participants only." And if that works for your particular employee distribution that is great.In our case doing 2% for 'all' was an easy show stopper. All employees current, as well as in and o...
by smitcat
Fri Mar 17, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Scenario
Replies: 16
Views: 1863

Re: Social Security Scenario

"If I take the spousal benefit at 64, will I be limited on a survivor benefit? In other words, do I need to wait until my FRA to get a full survivor benefit? Survivor benefit on your husbands record would be somewhat reduced if you are younger than FRA when you claim. If husband had accumulated...
by smitcat
Fri Mar 17, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Scenario
Replies: 16
Views: 1863

Re: Social Security Scenario

"This makes sense. After your husband's death after age 70, you would receive the actual amount of his benefit as a survivor benefit. Your 6-year difference in age, plus the actuarial probability of living to an older age than your husband, means that you'll be receiving his benefit for a long ...
by smitcat
Fri Mar 17, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 3670

Re: S corp - 401K plan - profit sharing

"To me, this seem to always favor Simple IRA plus taxable and not 401k. I wonder whether you did something similar." Please read all the rules of the simple IRA and how it affects the company and employees before your decide on your own situation. As one example only - if you have a simple...

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