Search found 334 matches

by soccerdad12
Thu Oct 19, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 227
Views: 27406

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: 2519

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: 203
Views: 14287

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: 2533

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: 8402

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: 24210

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: 4287

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: 7264

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: 7264

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: 7264

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: 7264

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: 5461

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: 1076

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: 1076

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: 4588

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: 14114

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: 2825

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: 1834

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: 822

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: 1834

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: 18
Views: 2713

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: 2377

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: 2377

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: 6441

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 bu...
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: 6441

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: 6441

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.
by soccerdad12
Tue Apr 04, 2017 7:38 am
Forum: Investing - Theory, News & General
Topic: I don't want to retire until another bear market
Replies: 40
Views: 6441

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

For me, I don't view my nest egg to just be about me. I want to maximize it for me and for others (people or organizations) that I may leave money to in the future. If it was just about me, it would be a no-brainer easy decision to retire now.
by soccerdad12
Mon Apr 03, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: I don't want to retire until another bear market
Replies: 40
Views: 6441

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

I know that a downturn in the economy is not directly correlated with housing prices, but where I live there are houses going up like wildfire (prob 500+ new ones within 10 miles of me). Last time there was a dip in the economy the housing prices fell a bit here and I assuming that they will fall mo...
by soccerdad12
Mon Apr 03, 2017 1:29 pm
Forum: Investing - Theory, News & General
Topic: I don't want to retire until another bear market
Replies: 40
Views: 6441

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

My earnings are very high so definitely accumulation thru a bear market is my desire. Would be a shame that I am doing large accumulation thru a bull market and retire before a bear market. I am not sure why that scenario bugs me so much, but it does.
by soccerdad12
Mon Apr 03, 2017 1:11 pm
Forum: Investing - Theory, News & General
Topic: I don't want to retire until another bear market
Replies: 40
Views: 6441

I don't want to retire until another bear market

This might be crazy thinking, but I have told myself that I am not going to retire until we go through 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. I currently invest twice a week, every week, n...
by soccerdad12
Fri Mar 31, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Unemployed for 2-3 days- potential benefits
Replies: 24
Views: 2420

Re: Unemployed for 2-3 days- potential benefits

Since income and finances are handled annually... probably not. If you are not insured for those 2 days, don't get sick or hurt! Rolling over any 401k to new employer would have to be done... when you are employed. Why would anyone want to roll their 401k to a new company one? Wouldn't you always w...
by soccerdad12
Wed Mar 22, 2017 8:54 am
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 236
Views: 55976

Re: My New Car Buying Tips

I have bought my last couple of new cars 100% through email. They were all new so I was comparing apples to apples. The last one was about 2 months ago for a Mazda3. I send out individual emails to each internet sales person at the dealers. There were 6 dealers that I sent it to. I told them in the ...
by soccerdad12
Thu Mar 16, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Superfunding a Roth
Replies: 24
Views: 2599

Re: Superfunding a Roth

One other thing you need to check is it see if your company will pass the testing for the after-tax portion. It is different testing than for the pre-tax portion of the 401k. That might work if you work for mega-corp, but if it is a smaller company there is a good chance the after-tax portion, altho...
by soccerdad12
Tue Nov 22, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off relative's student loan
Replies: 8
Views: 1121

Re: Paying off relative's student loan

There is a 99% chance that I will hit lifetime gift limit. Does that make a difference in how I approach this effort?
by soccerdad12
Tue Nov 22, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off relative's student loan
Replies: 8
Views: 1121

Re: Paying off realtive's student loan

For the gift, can the check be made out directly to the loan company or does it have to be made out to the person?

Also, could I gift $14k, my wife gift $14k, my brother gift $14k, etc.... and all of those separate gifts get sent directly to the student loan company?
by soccerdad12
Mon Nov 21, 2016 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off relative's student loan
Replies: 8
Views: 1121

Paying off relative's student loan

If I decided to pay off a relative's student loan (say $100k), what would the ramifications be for the student? I would be paying the student loan company directly and no money would go to the student directly. Would that be considered income to them? Is it considered a gift? Would the student loan ...
by soccerdad12
Mon Nov 21, 2016 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 9427

Re: Cannot get myself to spend my savings

This is very common in my experience. My father gets more and more frugal (cheap?) the older he gets, even as his assets continue to grow. We have to hassle him into turning the heat on in winter because he thinks it's wasteful to heat the whole house when he can just sleep under an electric blanke...
by soccerdad12
Mon Nov 21, 2016 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Super Happy - 401k!
Replies: 4
Views: 1327

Super Happy - 401k!

On Jan 1, my company will switch to a Vanguard 401k with all admiral and institutional shares! How lucky am I? Since all my other personal accounts are with Vanguard, it will make keeping my portfolio allocation very easy since all the funds I use will be available now in my 401k. It is funny how th...
by soccerdad12
Fri Nov 11, 2016 3:43 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 192
Views: 35216

Re: USAA 2.5% Cash Back Credit Card

I called after the original post and tried to get in as well. No luck!
by soccerdad12
Thu Nov 10, 2016 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Single or 2 stage HVAC system?
Replies: 6
Views: 900

Re: Single or 2 stage HVAC system?

I think the pricing changes a lot based on the size of the system. Mine is 3 ton. I am not sure if the pricing is out of line. I got quotes from 2 separate companies and they are pretty close to each other.
by soccerdad12
Thu Nov 10, 2016 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Single or 2 stage HVAC system?
Replies: 6
Views: 900

Single or 2 stage HVAC system?

My 2d floor HVAC system is caput. I got a quote today for both a single stage and 2 stage. There is a $2000 difference in the price of units, same make just single vs 2 stage. Anyone well versed enough to know if the $2000 is worth it? I live in North Carolina and will be in this home for less than ...
by soccerdad12
Wed Nov 09, 2016 3:04 pm
Forum: Personal Consumer Issues
Topic: Request Suggestions for Family Holiday Activities-South Central PA
Replies: 6
Views: 752

Re: Request Suggestions for Family Holiday Activities-South Central PA

I would go to tripadvisor.com and put in the major cities that you listed and look at activites. They always have a bunch and also rate them. Works for me everytime I go on vacation. Have a good time... sounds like fun.
by soccerdad12
Tue Nov 08, 2016 2:09 pm
Forum: Personal Consumer Issues
Topic: Amazon Echo
Replies: 88
Views: 12720

Re: Amazon Echo

I have had an echo for the last year. We keep it in the kitchen. It is great for hands free kitchen timers. We use it primarily for grocery lists and music. Just bought a Google Home. Will hook it up tonight. Main advantage of google product over echo is it's ability to stream music over the whole h...
by soccerdad12
Mon Oct 31, 2016 10:14 am
Forum: Personal Consumer Issues
Topic: How Long should Updates for Windows 10 take to load??
Replies: 22
Views: 2705

Re: How Long should Updates for Windows 10 take to load??

I have had the same problem when I have upgraded several from win 7 and 8 to 10.

What seems to have solved it is to set windows to never update before you start the upgrade process.
by soccerdad12
Thu Oct 27, 2016 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Company Health Insurance Increase
Replies: 12
Views: 996

Re: Company Health Insurance Increase

Yes, but I don't trust him. He told me years ago that there are different commission amounts for different insurance carriers so they are incented to have you with certain carriers. We got our renewal #s yesterday and have to make a decision within 10 days. I can see right on the paperwork from BCBS...
by soccerdad12
Thu Oct 27, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Company Health Insurance Increase
Replies: 12
Views: 996

Re: Company Health Insurance Increase

We are a group of about 25, so definitely not near 100.
by soccerdad12
Thu Oct 27, 2016 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Company Health Insurance Increase
Replies: 12
Views: 996

Company Health Insurance Increase

I am responsible for our company health insurance renewal. It is going up 30% this year- not good. For anyone knowledgeable in this area I do have a question. On the paperwork from our insurance broker it lists 2 lines: proposed increase % and accepted increase %. That indicates to me that there is ...
by soccerdad12
Thu Oct 27, 2016 8:23 am
Forum: Personal Finance (Not Investing)
Topic: PEO for small Biz [Professional Employer Organization]
Replies: 11
Views: 1038

Re: PEO for small Biz

It is definitely a pain to do all the payroll and bennies for a small company. I am weary of PEOs. In my city I remember a couple of years ago a PEO was misappropriating the $$ that was supposed to go to medical insurance and it left the clients w/o actual insurance. One of the employees of a compan...
by soccerdad12
Wed Oct 26, 2016 9:24 am
Forum: Personal Consumer Issues
Topic: Chocolate Recommendations
Replies: 64
Views: 4933

Re: Chocolate Recommendations

I am definitely not a chocolate snob, but I do eat 1 square of Ghirardelli 86% dark everyday. I buy the ones in the individually wrapped packages so I am not tempted to increase the amount I eat. Supposedly dark chocolate is really good for you in small amounts. I like the taste, but to tell the tru...
by soccerdad12
Fri Oct 21, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Very tough career choice part 2 (ego, startup, hedge funds)
Replies: 97
Views: 11687

Re: Very tough career choice part 2 (ego, startup, hedge funds)

I don't see how you would be betraying him. You are having a conversation about trying to do what is best for the company. It seems like you were the one that was betrayed and he should, at the very least, give you an explanation. If that is too much to ask of him, then you shouldn't walk out the do...