Search found 358 matches

by soccerdad12
Thu Mar 22, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Lost my wallet few days back. Someone trying to hack me today. What to do?
Replies: 10
Views: 1996

Re: Lost my wallet few days back. Someone trying to hack me today. What to do?

Do a credit freeze immediately. Like...... 30 seconds after you read this. Monitoring does nothing except tell you after something bad happens. Freeze stops it from happening.
by soccerdad12
Wed Mar 21, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 12783

Re: Can I Retire at 38?

To me the largest concerns are the unknowns, especially with the kids. Most people that have kids know there are unforeseen snafus with kids as they grow and that can come in many varieties that you can't predict. Ex: child has a health issue costing $1k / month in meds, child is very smart and gets...
by soccerdad12
Thu Feb 08, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Advice on managing healthcare costs
Replies: 27
Views: 1405

Re: Advice on managing healthcare costs

Is this healthplan a 3rd party plan that your "employer" allows you access to by working with them? If you are 1099, then they aren't your "employer." You are your own employer. I hope you get this worked out, but I'm very confused on this one.
by soccerdad12
Wed Feb 07, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Am I creating an issue? [tax lots with many periodic contributions]
Replies: 21
Views: 1461

Re: Am I creating an issue?

What I have been doing is taking that money from the paycheck to invest and splitting it in 4 even amounts to put into the market every Tuesday and Thursday.
by soccerdad12
Wed Feb 07, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Am I creating an issue? [tax lots with many periodic contributions]
Replies: 21
Views: 1461

Re: Am I creating an issue?

I thought investing as soon as money is available was one of the main principles of the BG philosophy?
by soccerdad12
Wed Feb 07, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Am I creating an issue? [tax lots with many periodic contributions]
Replies: 21
Views: 1461

Re: Am I creating an issue?

I do it for a totally non-scientific reason of "it makes me feel better." It gives me a greater chance of not buying on the high, but the math probably doesn't support me making any more money off of it.

The consensus is that I should buy twice a month instead of 8-10 times per month?
by soccerdad12
Wed Feb 07, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Am I creating an issue? [tax lots with many periodic contributions]
Replies: 21
Views: 1461

Am I creating an issue? [tax lots with many periodic contributions]

I auto-invest with Vanguard in an after tax account twice a week, every week, on Tuesday and Thursday. I do this out of my monthly income as it makes me feel better to spread it out rather than once ot twice a month. I could cut it down to twice a month (get paid every 2 weeks) or even less frequent...
by soccerdad12
Wed Jan 03, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Co-owners with different compensation - i401k vs SEP IRA
Replies: 15
Views: 800

Re: Co-owners with different compensation - i401k vs SEP IRA

Are those contractors paid W2 or 1099? Are any of them going to work over 1000 hours this year? You have to be very careful with the ERISA rules around 401ks. They are very strict and if you choose to ignore them then they can invalidate your whole plan.
by soccerdad12
Tue Jan 02, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Co-owners with different compensation - i401k vs SEP IRA
Replies: 15
Views: 800

Re: Co-owners with different compensation - i401k vs SEP IRA

We have the same issue with 2 owners. If your partner was supposed to make $100k and you were supposed to make 50k, maybe you alter it to partner making 90k (even though they brought in biz for 100k) with 25% match and you get paid 60k (even though you brought in 50k in biz) with 25% match. Those nu...
by soccerdad12
Tue Jan 02, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Co-owners with different compensation - i401k vs SEP IRA
Replies: 15
Views: 800

Re: Co-owners with different compensation - i401k vs SEP IRA

I am not sure I understand the problem. Is the company going to be matching the 401k contributions and that is what is going to cause inequity?
by soccerdad12
Tue Jan 02, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 41843

Re: What frugal thing did you do today?

timmy wrote:
Tue Dec 26, 2017 8:59 am
I went online and passed harsh judgement on situations that I know little about.

I also jumped all over people I disagree with.

Felt so good ...
Now that made me laugh....
by soccerdad12
Thu Dec 21, 2017 8:29 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8202

Re: New job offer - background check

I agree with you that it's a double edged sword. Best thing to do, no matter how this job situation turns out, is to get it expunged from your record. It really has no bearing on your character at this point in life and is just a unneeded thorn in your side.
by soccerdad12
Thu Dec 21, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8202

Re: New job offer - background check

A background check usually only takes 24 hours once it is started. It can take longer if you have lived in multiple states or counties over the last 7-10 years. Some HR departments are a little slower in actually submitting the paperwork, so you have to take that into account as well. I think it is ...
by soccerdad12
Wed Dec 06, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: Vegas on a budget
Replies: 49
Views: 4073

Re: Vegas on a budget

Gangnam Asian BBQ. If you like Korean BBQ this place was great and not that expensive. It wasn't on the strip so you will have to drive or uber there. Everything was fresh and the service was excellent.

https://www.yelp.com/biz/gangnam-asian- ... Korean+BBQ
by soccerdad12
Tue Dec 05, 2017 10:36 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 12414

Re: After financial independence, do you lose motivation for work?

Howdy I was FI many years before I retired. I never lost any motivation for working, as the work was challenging and fulfilling. However, my threshold for tolerating corporate and colleague BS steadily declined, to about zero at age 45 and was very negative by retirement. I was not actively resista...
by soccerdad12
Wed Nov 29, 2017 10:57 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 26966

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Read in the last few days that one of the most searched phrases on internet browsers is "how to buy bitcoin with a credit card." Now that is scary.
by soccerdad12
Wed Nov 15, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 5087

Re: Regrets after reaching retirement?

Tough answering those questions, bc you don't know how each of those decisions could turn out for you. You might make decision X and become filthy rich or you could make decision Y and it is become the biggest mistake of your life. You are asking people to look backwards, which is a valid reference ...
by soccerdad12
Mon Nov 13, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Verizon Wireless - Asking for a lower rate
Replies: 21
Views: 2712

Re: Verizon Wireless - Asking for a lower rate

I was in the same situation a couple of years ago with AT&T. The service was great, but the $$ wasn't. They wouldn't budge so I moved to straight talk, an MVNO, which uses AT&T's network. The downside with straight talk with that when you tried to access the internet, there was always a 5 second lag...
by soccerdad12
Mon Nov 13, 2017 7:59 am
Forum: Personal Consumer Issues
Topic: LinkNYC Wifi in Manhattan
Replies: 0
Views: 202

LinkNYC Wifi in Manhattan

I am taking a work trip to NYC (Manhattan) next month. Someone mentioned to me about the free citywide WiFi network. I looked it up on the web and found: https://www.link.nyc/ It sounds like a great thing. Has anyone here used it? Are there any security issues with it? My cell service is Project Fi ...
by soccerdad12
Tue Nov 07, 2017 10:51 am
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 141
Views: 11736

Re: Anyone planning on getting the new Pixel phone?

I have had the Pixel 2 XL for a couple of weeks now. Love the phone. I don't even notice the screen issues everyone talks about. I am a normal user I would guess. It is lightning fast and the battery lasts forever. I love the phone. I also moved off AT&T (paying abour $45/month) onto Project FI (pay...
by soccerdad12
Mon Nov 06, 2017 11:46 am
Forum: Personal Consumer Issues
Topic: I Cut the Cord yesterday!
Replies: 51
Views: 5092

I Cut the Cord yesterday!

Just wanted to say loud and proud that I finally cut the cord from cable yesterday! I now only get internet from Spectrum and we have youtube TV (I had to have access to ESPN) for our channels along with hulu and netflix. It feels great to return all of the equipment to Spectrum. It was funny becaus...
by soccerdad12
Wed Oct 25, 2017 2:59 pm
Forum: Personal Consumer Issues
Topic: Free $20 if you have Google Fi
Replies: 7
Views: 1351

Re: Free $20 if you have Google Fi

One boglehead is $20 richer! Thanks for the code!
by soccerdad12
Wed Oct 25, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: Free $20 if you have Google Fi
Replies: 7
Views: 1351

Free $20 if you have Google Fi

I was in the process of signing up for Google Fi today and noticed that if a friend gives me a referral code I think they get $20. Anyone on Google Fi and want to give me their referral code? I will use it and get you some free $$. Please let me know asap as I plan on signing up in the next 2 hours....
by soccerdad12
Tue Oct 24, 2017 12:07 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 141
Views: 11736

Re: Anyone planning on getting the new Pixel phone?

I have the Pixel 2 XL. Best phone I have ever had. Fastest phone I have ever had. My last phone was a Galaxy S6 so it was a couple of years old. The best part of the phone for me is to wake it up via voice and text via voice while driving. It also reads my messages to me for a true hands-off experie...
by soccerdad12
Thu Oct 19, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 63049

Re: Retirement Account Stolen by Identity theft

I contacted Vanguard about securing my accounts and this is what my rep said: Thank you for taking the time to contact us and for your concern about the security of your personal information. I have placed an alert on your account in reference to the Equifax security breach. If you would like to tak...
by soccerdad12
Thu Oct 05, 2017 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Help with private investment opportunity
Replies: 47
Views: 3190

Re: Help with private investment opportunity

I have been approached many times to invest in small companies, but only did it once in a friends and family round. I knew the founder and understood the product and it's use. It was a true start-up that hadn't sold one thing yet and the product was only in concept phase. I came in under the same pa...
by soccerdad12
Thu Sep 28, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 17301

Re: Why do you LBYM? Why do you save and invest?

For me it is 2 fold. 1: Fear. For some reason I always fear that I don't have enough and that it will run out. It is irrational as my net worth is in the very low 8 figures (entirely self-made). It isn't consuming, but always is in the back of my head. I don't think there will ever be a day when I t...
by soccerdad12
Tue Sep 26, 2017 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Another "Should I sell my business" thread
Replies: 26
Views: 2898

Re: Another "Should I sell my business" thread

I am in a very similar situation as you and have grappled with the same issue. There are 2 decision points here in my opinion. Are you willing to wait to work through another recession before you sell? If the answer is no, then I would sell now while the getting is good with valuations. If you have ...
by soccerdad12
Mon Sep 25, 2017 8:12 am
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 9689

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

Does going to a doc in a highly ranked medical system help? I go to Duke for my docs and I would think that they would weed out any docs that are substandard. Would that be an accurate assumption?
by soccerdad12
Thu Sep 21, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 27861

Re: I won the Lottery. Need sound advice.

I am going to subscribe to this topic and sit back and eat popcorn whilst reading the responses.
by soccerdad12
Thu Sep 14, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: How often do you put money in Vanguard
Replies: 55
Views: 5170

Re: How often do you put money in Vanguard

Looks like I am the crazy one then. I make 2 auto-deposits a week (Tuesday and Thursday). I guess I do it as a sort of DCA in case there is a dip. It probably isn't necessary, but I do.
by soccerdad12
Tue Sep 12, 2017 8:57 am
Forum: Personal Consumer Issues
Topic: Equifax - credit freeze is now free?
Replies: 60
Views: 8558

Re: Equifax - credit freeze is now free?

I think the cost depends on the state you live in. I am not sure why, but I believe that is the case. In my state it is 100% free to freeze and unfreeze.
by soccerdad12
Mon Sep 11, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: Equifax - credit freeze is now free?
Replies: 60
Views: 8558

Re: Equifax - credit freeze is now free?

What really gets me is that 2 Equifax executives sold millions of dollars of stock 2 days after the breach happened. By the way, that was in July and the public wasn't notified of the breach until September. Isn't that insider trading? Shouldn't someone be going to jail?
by soccerdad12
Mon Sep 11, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: Equifax - credit freeze is now free?
Replies: 60
Views: 8558

Re: Equifax - credit freeze is now free?

I have a screenshot from the company stating ""You will be forfeiting your right to bring or participate in any class action"

I tried to upload a picture of it, but I am not sure how to.
by soccerdad12
Mon Sep 11, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Equifax - credit freeze is now free?
Replies: 60
Views: 8558

Re: Equifax - credit freeze is now free?

I froze mine on all 3. In my state (NC) it is free to freeze and unfreeze credit at all 3 agencies, so I am lucky. Also, I would think twice about the "free" credit monitoring they are offering. I read that, in the fine print, you are giving up your right to a class action lawsuit (that has already ...
by soccerdad12
Thu Sep 07, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a medical office...Can it still be done?
Replies: 29
Views: 5892

Re: Opening a medical office...Can it still be done?

I am not in the medical field at all; just a regular patient. I have a HDHP and am always amazed that the docs in my area don't ask me to pay for my portion while I am there. They put it through insurance and then they bill me usually a month later with my amount. I don't mind if they bill me up fro...
by soccerdad12
Wed Sep 06, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: C Corp - Salary/Dividend ratio
Replies: 13
Views: 1265

Re: C Corp - Salary/Dividend ratio

I wouldn't fixate on ratios. Is $20k a standard salary for someone doing the work that you are doing? If a reasonable salary is $100k, then you would be $100k salary and $20k dividends. The IRS is looking for non-standard salary because you get out of paying employment taxes.
by soccerdad12
Tue Sep 05, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: C Corp - Salary/Dividend ratio
Replies: 13
Views: 1265

Re: C Corp - Salary/Dividend ratio

I have a C corp (had it for 15+ years) and take way more money from dividends than as salary; probably 5x more. Just make sure your salary is "reasonable" compared to what you would make in another company doing the same work.
by soccerdad12
Thu Jun 29, 2017 8:14 am
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 54
Views: 5267

Re: Debating a weekend in Chicago (south side)

This whole post is making me jealous! I had a trip to Chicago (never been) set for me and my wife about 9 months ago. We were all set with boat arch tour, second city, awesome restaurants, sweet hotel in water tower area, etc.... And then a dang hurricane came up the coast to where I currently live ...
by soccerdad12
Tue Jun 06, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 81
Views: 16589

Re: High Income Earner Humbly Seeks Advice

My experience re: IRS investigation into small amounts. I own a business and it wasn't the IRS that came knocking but the DOL. We are a decent sized company and after meeting with the investigator in our office (and giving him access to tons of files), he was there for $600 that was unaccounted for ...
by soccerdad12
Fri Jun 02, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Guidance needed, at a crossroads in my current job.
Replies: 23
Views: 3177

Re: Guidance needed, at a crossroads in my current job.

I think demotion aspect is tricky. If is really is a "prove yourself" phase then that would probably be OK, but if that is just their way to get you in the door then it isn't worth the $$. Unfortunately you won't know until you go thru the experience. Tough call. If it was the same level position, t...
by soccerdad12
Fri May 19, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: How long do I really need to keep tax returns?
Replies: 18
Views: 2109

Re: How long do I really need to keep tax returns?

Obviously the PDF files would be pretty sensitive info. Where is everyone keeping these docs? I assume nobody is backing them up with a cloud service. Are you using a hard drive and putting them in a fireproof safe?
by soccerdad12
Fri May 19, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Additional Tax Savings for Employed High Earner?
Replies: 9
Views: 922

Re: Additional Tax Savings for Employed High Earner?

I am in the same boat and have asked this very question for years. I don't think there is a great answer for you. I contribute significant after-tax money to my retirement every month. I try to keep it tax efficient by using VTSAX and VTIAX. If you have access to an HSA, make sure to max that out an...
by soccerdad12
Fri May 19, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: How long do I really need to keep tax returns?
Replies: 18
Views: 2109

How long do I really need to keep tax returns?

I have to clean a closet this weekend with my past 20+ years of tax returns and was thinking I could be in for a lot of shredding. The IRS says to keep returns 3 years unless you claim a loss from bad securities or bad debt. Does that 3 year rule also apply to states? My tax returns are pretty compl...
by soccerdad12
Mon May 01, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Roomba or competitor?
Replies: 22
Views: 3885

Roomba or competitor?

A friend of mine let me stay at his awesome beach house for a week for free. I want to buy him a Roomba for his generosity. He doesn't want anything at all (that is the kind of guy he is), but I insist. Sweeping the floor there is a bit of a pain, but is a must do b/c going in and out all of the tim...
by soccerdad12
Wed Apr 26, 2017 9:32 am
Forum: Personal Consumer Issues
Topic: Doctor bill question
Replies: 29
Views: 2701

Re: Doctor bill question

I am on a HDHP, so the cost impact is greater to me than a co-pay.
by soccerdad12
Wed Apr 26, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: Doctor bill question
Replies: 29
Views: 2701

Doctor bill question

I had a small puncture wound in my foot and went into my primary care practice. I couldn't see my normal doc, but saw an NP. Visit lasted about 5 minutes and she just looked at it and didn't do anything. No big deal since it healed on it's own like she said it would. NP was totally fine and I was ha...
by soccerdad12
Thu Apr 06, 2017 10:59 am
Forum: Investing - Theory, News & General
Topic: I don't want to retire until another bear market
Replies: 40
Views: 6932

Re: I don't want to retire until another bear market

I am not sure I have to "act" on anything. I make automated deposits twice a week, every week no matter what. I just plan to continue that process thru the good and bad. Is this dollar cost averaging, or do you have regular income coming in twice a week? Are you not concerned about the burden of tr...
by soccerdad12
Thu Apr 06, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: I don't want to retire until another bear market
Replies: 40
Views: 6932

Re: I don't want to retire until another bear market

I want to have continued earnings to plow into the market when it is low and I also want to be able to buy a house on a discount. You're assuming that you will keep your job in the face of a major economic downturn, that the housing market will move in step with the economy, and that the economic c...
by soccerdad12
Wed Apr 05, 2017 7:08 am
Forum: Investing - Theory, News & General
Topic: I don't want to retire until another bear market
Replies: 40
Views: 6932

Re: I don't want to retire until another bear market

I am not sure I have to "act" on anything. I make automated deposits twice a week, every week no matter what. I just plan to continue that process thru the good and bad.

My thought process is probably just a signal that I am not ready to retire mentally even though I might be financially.