Search found 88 matches

by investor999
Thu Aug 17, 2017 1:47 am
Forum: Investing - Theory, News & General
Topic: Fundrise - Accredited Investor REIT
Replies: 12
Views: 2035

Re: Fundrise - Accredited Investor REIT

Hello, I wanted to revive this thread, as this is looking more and more attractive to me. It appears that fundrise is supposedly outperforming VNQ from their graph here- but I am not entirely sure it's accurate. Would love some feedback from the community- as I am sure there is a catch. Current Fund...
by investor999
Thu Mar 23, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

Check the IRS Simple IRA rules. You cannot withdraw/convert for 2 years from your first Simple IRA contribution without an additional 25% penalty on top of the regular IRA early withdrawal penalties.
by investor999
Thu Mar 23, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

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. Peopl...
by investor999
Wed Mar 22, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

To add a little more information to avalpert's post. Your Social Security benefit is based on your Primary Insurance Amount (PIA) calculated from your Average Indexed Monthly Earnings (AIME). The AIME is based on your 35 highest wage index adjusted earnings. The PIA calculation is calculated as 90%...
by investor999
Wed Mar 22, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

Two other elements you might want to incorporate - by being an S-Corp with a 92k distribution you are forgoing the opportunity to put away ~18.5k pre-tax as additional employer contributions to a Solo 401k, depending on your Fed/State tax rates that alone could offset most of the reduced-FICA taxes...
by investor999
Wed Mar 22, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

In my case since I am a pass through S-Corp the contributions reduce my business income and save me FICA on that amount. If that business income you used for the employer contributions would have been allocated to a distribution, it wouldn't have been subject to FICA to begin with. You can't save w...
by investor999
Wed Mar 22, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

To my knowledge Employee deferrals are subject to FICA. Employer Match is not subject to FICA. Correct. The Employer doesn't save the income tax, the employee defers it. Employee deferrals are pre-tax to the employee, but the employer contributions are deductable by the employer . So, as the employ...
by investor999
Wed Mar 22, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

Can you tell me how much in fees you are paying for 401K? Total cost...there's lots of 'hidden' costs with 401k. He indicated he is with Employee Fiduciary. Their cost is $1500 annually, plus $30/participant if over 30 participants. There is also a .08% basis fee that is paid to the custodian. If h...
by investor999
Tue Mar 21, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

As an extra reply - I just checked the TRP website. Their Individual 401k says "No annual employer fees or set-up cost." , while their Small Business 401k says "Small Business 401(k) fees vary by plan". If you (or you and your spouse) are the only employee, there are several sup...
by investor999
Tue Mar 21, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

"My contact at Guideline.com emailed me the detailed fee m One example only - in this doc provided above look up Vanguard Small cap equity (VSTCX) and compare to the VG site info... m The link in your post doesn't work (corrected above), because you are copying and pasting to make quotes. Use ...
by investor999
Mon Mar 20, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

My contact at Guideline.com emailed me the detailed fee m I've seen this document and it outlines the fees as they advertised. I think the application site in the previous post may have outdated information from their original application. Have you checked with them about the document you found? I ...
by investor999
Mon Mar 20, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

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 0.00...
by investor999
Mon Mar 20, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

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 investor999
Mon Mar 20, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

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 ...
by investor999
Sun Mar 19, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

Maybe guideline doesn't allow the new comparability method? I can't remember what it was but I laughed and politely ended the phone call when they told me it wasn't allowed under their plan. I really like guideline's model on the surface but I don't think you have a lot of flexibility in plan desig...
by investor999
Sun Mar 19, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

Maybe guideline doesn't allow the new comparability method? I can't remember what it was but I laughed and politely ended the phone call when they told me it wasn't allowed under their plan. I really like guideline's model on the surface but I don't think you have a lot of flexibility in plan desig...
by investor999
Sun Mar 19, 2017 5:57 am
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

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 f...
by investor999
Sat Mar 18, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

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... m Not sure if you are su...
by investor999
Sat Mar 18, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

Can someone explain to me why so many people mention Employee Fiduciary (and now guideline.com)? I'm asking from the perspective of someone with a company (S-Corp) who had used Vanguard at one point for our 401k, but then was turned away because we were too small (20 employees) so landed on TRowePr...
by investor999
Sat Mar 18, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

The custodian is SIPC protected. You'd still have your assets. They have a pretty good FAQ that you could ask them for. I was comfortable enough to give it a go. They are about 3 years old.
by investor999
Sat Mar 18, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

Re: S corp - 401K plan - profit sharing

Here are my options from the application. Hope this clarifies. I am going with 6 months. Eligibility Requirements Minimum Age: 18, 19, 20, or 21 years old (Choose one) Minimum Service: 0, 3, 6, or 12 months of service (Choose One) Safe Harbor Choose one of the following: Basic: 100% of the first 3% ...
by investor999
Sat Mar 18, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: S corp - 401K plan - profit sharing
Replies: 130
Views: 5030

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 first 2 ...
by investor999
Sat Mar 18, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5430

Re: I am in US equities and cash. Am I an idiot?

I just wanted to chip in that I was able to get 1.25% for my Cash Allocation (House Fund and Rainy Day) at Pure Point Financial, which is a Japanese bank from Mitsubishi. I have no relation with them, but it's beating my Short Term and Limited Term Muni's right now with less risk. I learned about it...
by investor999
Sun Mar 12, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation Across State Lines 1120S (New York / New Jersey)
Replies: 14
Views: 1081

Re: Taxation Across State Lines 1120S (New York / New Jersey)

It might make sense to keep NYS Income, contribute to NYS 529, upto $10000 is tax deductible, you may actually come out ahead. You may not get a benefit from this. If you take a NJ credit for your entire NY income tax (because the NJ tax on the same income is higher), then the credit will be reduce...
by investor999
Sun Mar 12, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation Across State Lines 1120S (New York / New Jersey)
Replies: 14
Views: 1081

Re: Taxation Across State Lines 1120S (New York / New Jersey)

Ah, I see. I didn't know that's how they calculated the NY portion. I thought it was just on the wages, but I suppose this does make sense. In that case the benefit really does disappear. The 529 would have been the only only reason I could tell to have NY based income if I didn't absolutely need it...
by investor999
Sun Mar 12, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation Across State Lines 1120S (New York / New Jersey)
Replies: 14
Views: 1081

Re: Taxation Across State Lines 1120S (New York / New Jersey)

I still have about 50K of regular wages that are being taxed at about 1.4% higher rate in NY State (4.13 vs 5.55% Effective)... Therefore if I do contribute to a NY 529 plan, I should be able to reduce my NY Taxable gross income by about 20%. A NY resident can deduct a NY 529 Plan contribution dire...
by investor999
Sun Mar 12, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Taxation Across State Lines 1120S (New York / New Jersey)
Replies: 14
Views: 1081

Re: Taxation Across State Lines 1120S (New York / New Jersey)

Here is my understanding, you pay State Tax in the State where the Income was earned. If you say you worked in NY then you have to pay NYS taxes (for which you get credit for in NJ). Let's say your NYS Income was $100k and NYS calculated tax was $6k. You calculate NJ tax on $100k and get a tax of $...
by investor999
Sun Mar 12, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Taxation Across State Lines 1120S (New York / New Jersey)
Replies: 14
Views: 1081

Re: Taxation Across State Lines 1120S (New York / New Jersey)

Why won't you get a credit for your NY tax on the S income? Does the S make sense since NYC doesn't recognize S for NYC corporate tax? I think there are two issues here. (S-Corp Profits) I don't think the issues is that I won't get a credit for NY tax for S income- Also, since my 1040 is filed in N...
by investor999
Sun Mar 12, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Taxation Across State Lines 1120S (New York / New Jersey)
Replies: 14
Views: 1081

Re: Taxation Across State Lines 1120S (New York / New Jersey)

It might make sense to keep NYS Income, contribute to NYS 529, upto $10000 is tax deductible, you may actually come out ahead. You may not get a benefit from this. If you take a NJ credit for your entire NY income tax (because the NJ tax on the same income is higher), then the credit will be reduce...
by investor999
Sat Mar 11, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund for business - best practice?
Replies: 10
Views: 837

Re: Emergency fund for business - best practice?

I recently opened a Business Savings account at B of I Federal Bank, which pays .80% APY for our emergency fund. Not as good as the Pure Point 1.25% I get for my personal rainy day, but This was about the best I could find for my business , and it's totally liquid. Most of the Business CD's I found ...
by investor999
Fri Mar 10, 2017 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation Across State Lines 1120S (New York / New Jersey)
Replies: 14
Views: 1081

Taxation Across State Lines 1120S (New York / New Jersey)

Hi All, I met with my accountant today, and unfortunately I don't believe she was confident in her answer. I am hoping that maybe one of the east coast CPA's on the board may be able to help. This is totally new territory for me so I apologize for my obvious lack of expertise on this end of things. ...
by investor999
Tue Mar 07, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: 401K vs Simple IRA for my Small Business (NJ)
Replies: 3
Views: 390

Re: 401K vs Simple IRA for my Small Business (NJ)

Hi All, Just bumping this to make sure my assumption that a 401K would allow me to deduct NJ State income tax for the current tax year vs the SIMPLE IRA, which would not allow me to. It seems like a no brainer to me to go with the 401k though for this reason. If anyone familiar with NJ knows the ans...
by investor999
Mon Mar 06, 2017 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Small/Mid Cap Value (VBR) or Bonds in ROTH Space
Replies: 5
Views: 684

Re: Small/Mid Cap Value (VBR) or Bonds in ROTH Space

This question cannot be answered in isolation. If you need more bonds and can put them in your 401(k), then put them in your 401(k). In that case, you can put something non-bonds in your Roth IRA. Thanks LiveSoft- Unfortunately I don't currently have a 401k. I'm self employed but will hopefully est...
by investor999
Mon Mar 06, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Small/Mid Cap Value (VBR) or Bonds in ROTH Space
Replies: 5
Views: 684

Small/Mid Cap Value (VBR) or Bonds in ROTH Space

Hi All, I have some room leftover in my ROTH after my Total US Bond (BND) Total INTL(BNDX), REIT (VNQ). I still need to buy (with new funds) some VBR (Small/Mid Value), PrimeCap Core (VPCCX), and Primecap Capital Opp (VHCOX), and VSS (International Small) which can either go into my ROTH or my Taxab...
by investor999
Sun Mar 05, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: 401K vs Simple IRA for my Small Business (NJ)
Replies: 3
Views: 390

Re: 401K vs Simple IRA for my Small Business (NJ)

True about the increased deferrals for 401k. I have no knowledge of NJ state tax laws. Thanks, I will wait until someone from the board fills in on this. I think I am close though. The employee deferral limit (2017 = $18K) is for traditional 401k deferrals and Roth 401k deferrals combined. If you m...
by investor999
Sun Mar 05, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: 401K vs Simple IRA for my Small Business (NJ)
Replies: 3
Views: 390

401K vs Simple IRA for my Small Business (NJ)

First off, Thank you all so much for helping so much in helping me understand the options for my small business in my previous posts. Hopefully this is the last one and I can finally pull the trigger one way or another. I have a Small business based in NYC, and my wife and I live in NJ. Personal Inc...
by investor999
Sat Mar 04, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: NJ tax question regarding ROTH withdrawal
Replies: 18
Views: 2017

Re: NJ tax question regarding ROTH withdrawal

I am still struggling if I should go Traditional or ROTH in my 28% Fed Bracket +6.4 NJ Tax Rate. I am expecting to be at or about the same marginal tax rate. If you retire in a 25% bracket in a state with no income tax, you get a 28% deduction on contributions to a traditional IRA, and pay 25% tax ...
by investor999
Sat Mar 04, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: NJ tax question regarding ROTH withdrawal
Replies: 18
Views: 2017

Re: NJ tax question regarding ROTH withdrawal

I realize this is an old thread. It seems to me that NJ (which is home to one of the highest state tax rates) wants to be sure to tax us NJ residents before we inevitably leave/retire in a more tax friendly state. That way we don't take the deduction (in a tIRA) in the current year, then move at 59 ...
by investor999
Wed Mar 01, 2017 9:44 pm
Forum: Investing - Theory, News & General
Topic: Limited Term Tax Exempt vs Pure Point 1.25% (28% Fed + 6.4% NJ)
Replies: 4
Views: 868

Re: Limited Term Tax Exempt vs Pure Point 1.25% (28% Fed + 6.4% NJ)

Hi All, My wife and I have 92K set aside for a downpayment for (another) house. We are going to be renting our current 2 Family Home. We currently have the majority of it in Limited Term Tax Exempt Admial shares. (We are Fed 28% + 6.4% NJ Brackets). The timeline is 6-12 Months for purchasing of the...
by investor999
Wed Mar 01, 2017 12:37 pm
Forum: Investing - Theory, News & General
Topic: Limited Term Tax Exempt vs Pure Point 1.25% (28% Fed + 6.4% NJ)
Replies: 4
Views: 868

Limited Term Tax Exempt vs Pure Point 1.25% (28% Fed + 6.4% NJ)

Hi All, My wife and I have 92K set aside for a downpayment for (another) house. We are going to be renting our current 2 Family Home. We currently have the majority of it in Limited Term Tax Exempt Admial shares. (We are Fed 28% + 6.4% NJ Brackets). The timeline is 6-12 Months for purchasing of the ...
by investor999
Mon Feb 27, 2017 8:44 pm
Forum: Investing - Theory, News & General
Topic: How to Rebalance with Rate Hikes Looming
Replies: 49
Views: 9767

Re: How to Rebalance with Rate Hikes Looming

I'm investing cash every 6 months into 2 year Treasury notes. I just bought some at auction a few days ago through Vanguard Brokerage with a yield of 1.125%. You should have just opened a savings account at Pure Point Financial 1.25% APY. FDIC insured and liquid. m How long is this rate guaranteed ...
by investor999
Fri Feb 17, 2017 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Decision - Trad vs Roth
Replies: 44
Views: 1775

Re: 401k Decision - Trad vs Roth

...I was just making a point that you pay ordinary income on Traditinal IRA's [the same as you pay on income before it goes into a Roth IRA] and that it's a consideration if your [marginal] tax rate will be higher overall than it is now... With the edits, I'd agree. Thanks for the clarification, th...
by investor999
Fri Feb 17, 2017 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Decision - Trad vs Roth
Replies: 44
Views: 1775

Re: 401k Decision - Trad vs Roth

Traditional IRA 130K invested, doubles to 260K - I then pay 28%, and it Leaves you with $187K vs. Roth IRA 100K invested, doubles to 200K - That's 200K that you keep, with more flexibility. You start with $130K in each scenario. If after paying tax you have $100K to put in the Roth, your contributi...
by investor999
Fri Feb 17, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Decision - Trad vs Roth
Replies: 44
Views: 1775

Re: 401k Decision - Trad vs Roth

One either consideration as I am in the same boat, and I'm sure more knowledgeable Bogleheads will correct me, but I think that the fact that ALL of your withdrawals from a Traditional IRA are taxed as Ordinary income. So all of the Capital Gains that would get Long Term Cap Gain tax-rate treatment ...
by investor999
Wed Feb 15, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor ROTH Question, SIMPLE IRA Pro-Rata Treatment
Replies: 4
Views: 640

Re: Backdoor ROTH Question, SIMPLE IRA Pro-Rata Treatment

When you eventually convert to Roth, having a SIMPLE IRA balance has the same tax effect as a TIRA or SEP IRA. Form 8606 is applied to pro rate the taxable amount of the conversion. If you have a 401k, that balance is disregarded with respect to your Roth conversion. If you make max SIMPLE IRA and ...
by investor999
Wed Feb 15, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Market Price to NAV - (VGIT vs VFITX)
Replies: 3
Views: 283

Market Price to NAV - (VGIT vs VFITX)

Hi all, I was about to buy my Bond allocation BND (Tot Bond), BNDX(Tot Intl Bond), and VGIT(Inter-Term Treasury ETF) , and upon checking the Morningstar link, I realized there was actually a pretty large disparity between NAV and Market returns on VGIT. http://performance.morningstar.com/funds/etf/t...
by investor999
Tue Feb 14, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Beta
Replies: 9
Views: 793

Re: Beta

Investment grade bonds are how you reduce beta. Your real asset allocation is a lot closer to 70/30 because of the Emerging Markets bonds having betaish risks. Here's one option that takes you to 60/40 (62/38 when taking the EM Bonds into account) Due to a lack of data, I substituted an Institution...
by investor999
Tue Feb 14, 2017 12:15 am
Forum: Investing - Help with Personal Investments
Topic: Beta
Replies: 9
Views: 793

Re: US Beta (Energy Sector?)

Beta to what? US stocks? Allocating stocks towards emerging markets might well increase that over most periods. The way to reduce beta is to own less stocks. Or if you're arbitrarily constraining a fixed dollar allocation to stocks, then to lower beta stocks (which currently would likely do the opp...