Search found 207 matches

by bryanm
Fri Nov 15, 2019 12:53 pm
Forum: Personal Consumer Issues
Topic: Productizing an idea
Replies: 28
Views: 1528

Re: Productizing an idea

Here is the dominant narrative in the entrepreneurial circles I run in: Since startup ideas, even good ideas, aren't very valuable in isolation, the general consensus is that intellectual property isn't worth trying to protect early on. The main problem with this is that often IP isn't available to...
by bryanm
Fri Nov 15, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: Productizing an idea
Replies: 28
Views: 1528

Re: Productizing an idea

But then, my concern with premature knock-offs is dilution of the product idea resulting in poor quality early experiences that would affect adoption. This can definitely happen. On the other hand, low-quality knockoffs can sometimes push purchasers to your higher quality version. A few bad reviews...
by bryanm
Fri Nov 15, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: HSA move, does it change the use date?
Replies: 3
Views: 271

Re: HSA move, does it change the use date?

From IRS Publication 969

"An HSA that is funded by amounts rolled over from ... another HSA is established on the date the prior account was established."

I think you're good.
by bryanm
Fri Nov 15, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: Productizing an idea
Replies: 28
Views: 1528

Re: Productizing an idea

If the idea is genuinely unique and qualifies for a utility patent, my advise is to file for a provisional patent which is relatively easy to do and it will give you an year before filing for a full patent. That sounds like a great option while we test the market. Also good input on Kickstarter bec...
by bryanm
Thu Nov 14, 2019 6:18 pm
Forum: Personal Consumer Issues
Topic: Productizing an idea
Replies: 28
Views: 1528

Re: Productizing an idea

Cheaper knockoffs are coming regardless. There's no stopping that. My point is to not out a ton of time and money into something knowing they are coming... This all has to do with market size and share. If knockoffs gain a large share of a significant market, IP enforcement can be worthwhile. Yes, ...
by bryanm
Thu Nov 14, 2019 6:12 pm
Forum: Personal Consumer Issues
Topic: Productizing an idea
Replies: 28
Views: 1528

Re: Productizing an idea

I am an IP attorney working in the "kitchen gadget" space. The general flow of this process is: Make a prototype device yourself, if possible. Try it out, see if it works, tweak it. Only proceed if you think it works, and you think there is a market for it. Be sure to keep things confidential until ...
by bryanm
Thu Nov 14, 2019 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Study ranks 4,500 colleges by net present value of 40 year ROI
Replies: 52
Views: 6655

Re: Can you guess what this ranked list of colleges is?

Why does one go to college? To make money or to gain an education? Or both? If both, what are the percentages for each goal? Such clarifying questions hopefully would lead to a school choice consistent with one's goals. Or am I misunderstanding the purposes & goals of this article? To gain a badge ...
by bryanm
Sat Nov 09, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Using my HDHP or my wife's HDHP- Need Help
Replies: 1
Views: 183

Re: Using my HDHP or my wife's HDHP- Need Help

What are you typical or expected health care costs? Are there differences in copay of the respective plans after meeting deductible? How about prescriptions--is the copay the same on both? Subject to answers to the above, I personally would but the whole family on your plan. From what I can tell, yo...
by bryanm
Thu Nov 07, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Smart Garage Door Openers
Replies: 34
Views: 2210

Re: Smart Garage Door Openers

I think its worthwhile to also add that you are actually not adding (!) a vulnerability if you are using a smart opener vs a clicker. The old style clicker can be hacked into as well (arguably using more simple technology) vs the opening through an app. I would always assume that these things can b...
by bryanm
Wed Nov 06, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: Smart Garage Door Openers
Replies: 34
Views: 2210

Re: Smart Garage Door Openers

I think the bigger concern here is a password breach, or discovering a vulnerability in the smart opener's internet communications. Presumably, like many smart devices (e.g., Nest), the opener communicates over the internet, not just WiFi. (For example, I assume you can open your garage door remote...
by bryanm
Wed Nov 06, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4560

Re: Best month to take RMDs?

aerosurfer wrote:
Wed Nov 06, 2019 10:51 am
"Sell in May and Go Away"

That advice will never be more than 11/12ths incorrect, but I challenge you to a better Jingle.
"Sell in July while the market is high"
by bryanm
Wed Nov 06, 2019 10:52 am
Forum: Investing - Theory, News & General
Topic: Tax Disadvantage of Index Funds
Replies: 10
Views: 1026

Re: Tax Disadvantage of Index Funds

KDF wrote:
Wed Nov 06, 2019 10:48 am
Thank you to everyone for their replies. I was wrong on my facts, and value that it was pointed out to me.
+1! (You might consider adding an edit to your first post noting that this has been resolved, as others might only read that before replying, and not your follow up.)
by bryanm
Wed Nov 06, 2019 10:45 am
Forum: Personal Consumer Issues
Topic: Smart Garage Door Openers
Replies: 34
Views: 2210

Re: Smart Garage Door Openers

My only concern about smart openers is that the wifi could be hacked. Hacking the Wifi will potentially grant access to everything connected in your home. Without a password paired app they won't be able to control your garage door remotely even with Wifi access. Cheers I think the bigger concern h...
by bryanm
Tue Nov 05, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Electric shavers - foil vs rotary
Replies: 24
Views: 1917

Re: Electric shavers - foil vs rotary

Have you considered something like the Norelco oneblade? You mention that "it doesn't need to be a very close shave." I own both the Braun Series 7 and the oneblade, and find that I use the oneblade more, not because it's better, but because it's easier. I tend to skip days, and the oneblade tends t...
by bryanm
Thu Oct 31, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6427

Re: How do people live on an average household income of 60K? Looking for ways to cut down on my budget

Student loan = 250K balance, 6% interest rate. Expected payoff in 8-10 years if his income doesn't go up. I am currently maxing out our retirement accounts with the line item budget for the child (since the child isn't here yet) and my 30K-tax of bonus from work now. Trying to see if I need to cut ...
by bryanm
Wed Oct 30, 2019 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Automatic ACH Bank Transfers
Replies: 11
Views: 1081

Re: Automatic ACH Bank Transfers

Sure. I do this with Ally and my local CU.
by bryanm
Mon Oct 28, 2019 6:02 pm
Forum: Personal Consumer Issues
Topic: New Computer with or without SSD?
Replies: 78
Views: 4313

Re: New Computer with or without SSD?

What are these security vulnerabilities? Someone can steal your credit card number when you enter it online? They can find your passwords? Windows 7 has been out a long long time. What possible new vulnerabilities could there be that hasn't been discovered by now? If we knew the vulnerabilities, th...
by bryanm
Mon Oct 28, 2019 4:30 pm
Forum: Personal Consumer Issues
Topic: New Computer with or without SSD?
Replies: 78
Views: 4313

Re: New Computer with or without SSD?

As noted above, the benefits of SSDs should not be understated. While early SSDs had lifespan concerns, those concerns have largely been addressed. Many drives specify a "terabytes written" endurance, which you can use to calculate expected lifespan. For example, this Samsung SSD (first I pulled up)...
by bryanm
Sun Oct 27, 2019 10:12 pm
Forum: Personal Consumer Issues
Topic: Advise please - wireless access point
Replies: 8
Views: 665

Re: Advise please - wireless access point

Ubiquity WAPs are the consensus choice. I recommend the uap ac pro.
by bryanm
Fri Oct 25, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Debating getting a W2 vs 1099 for my contract work
Replies: 33
Views: 1169

Re: Debating getting a W2 vs 1099 for my contract work

DeerRunner wrote:
Fri Oct 25, 2019 11:36 am
The topic of an s-corp may have came up. Everytime I looked into them i wasn't convinced it was the way to go. But worth another look.
The tax benefits of S-Corp status are largely overblown, in my opinion, or else rely on what I would consider dubious tax strategies.
by bryanm
Thu Oct 24, 2019 12:33 pm
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 10857

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

2) One of the best and if not - cheapest inflation hedge available today. (not many <<none?>> countries have fixed rate for more than 10 years) This is my #1 reason. The 30 year fixed rate mortgage is an economic Frankenstein , caused by political influences. Theory indicates that we should take ad...
by bryanm
Wed Oct 23, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: When is S Corp better than sole proprietor?
Replies: 87
Views: 3579

Re: When is S Corp better than sole proprietor?

For that deduction, I could probably deduct 25k correct? Only if it is primarily or possibly solely used for business purposes. And most vehicle purchases are deducted on a pro rested yearly basis as a capital expense. So again, for the vast majority of solo owners, mileage is far better and easier...
by bryanm
Wed Oct 23, 2019 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: When is S Corp better than sole proprietor?
Replies: 87
Views: 3579

Re: When is S Corp better than sole proprietor?

I may meet with my group and discuss changing C corp to S corp so that everything passes through. Does living in CA (high tax state) factor in? I think S-Corp might be better for CA since you avoid double taxation. Lot's of issues here though if you've got a big group of people. If you're not opera...
by bryanm
Wed Oct 23, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: When is S Corp better than sole proprietor?
Replies: 87
Views: 3579

Re: When is S Corp better than sole proprietor?

How is "reasonable compensation" determined? Don't Buffet and Beezos pay themselves very little in wages? You should be able to take the majority of 1099 income as dividends from an s Corp and keep your wages very low. I think if you're making that kind of money, you hire an accounting firm to figu...
by bryanm
Tue Oct 22, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: When is S Corp better than sole proprietor?
Replies: 87
Views: 3579

Re: When is S Corp better than sole proprietor?

Every W-2 employer must deduct SS taxes up to the the full MTE. While you can get a credit for the employee share on your 1040 tax return. The employer share is never recoverable. I almost included an "ask Spirit Rider" addendum to my post, and I'm glad you chimed in. That's a huge implication. I w...
by bryanm
Tue Oct 22, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: When is S Corp better than sole proprietor?
Replies: 87
Views: 3579

Re: When is S Corp better than sole proprietor?

Then the only benefit is the liability shield. For which, you have to file a second tax return & run payroll for yourself. (Note: I'm going to call your partner income your "W2" income and your S-Corp income your "1099 income," recognizing that this is inaccurate, because your S-Corp would also iss...
by bryanm
Tue Oct 22, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: When is S Corp better than sole proprietor?
Replies: 87
Views: 3579

Re: When is S Corp better than sole proprietor?

The general benefit of an S-Corp is that you can pay yourself reasonable compensation, and then take the remaining profits as distributions. Those distributions are not subject to payroll taxes. If your "reasonable compensation" exceeds the social security tax limit, the benefits are relatively smal...
by bryanm
Tue Oct 22, 2019 11:30 am
Forum: Investing - Theory, News & General
Topic: [Paul Merriman: This strategy beats a total stock market fund]
Replies: 173
Views: 13430

Re: This strategy beats a total stock market fund? Really?

You left out the key word of the title: "Opinion" :)

This article is proposing a "tilt" towards small stocks. That's not something new, and if you read up on the board you'll find plenty of discussion. Some favor it, others do not. Here's a wiki entry.
by bryanm
Tue Jul 02, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: Keep garage 'cooler' during summer
Replies: 31
Views: 3755

Re: Keep garage 'cooler' during summer

Long shot, but here's an out-of-the box answer: Do you have an older electric water heater in the garage? If so, replace it with a heat pump-based water heater (which acts as an A/C for the garage while heating your water). You'll save electricity vs. a traditional heater. In addition, many locales...
by bryanm
Tue Jul 02, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: Keep garage 'cooler' during summer
Replies: 31
Views: 3755

Re: Keep garage 'cooler' during summer

Long shot, but here's an out-of-the box answer: Do you have an older electric water heater in the garage? If so, replace it with a heat pump-based water heater (which acts as an A/C for the garage while heating your water). You'll save electricity vs. a traditional heater. In addition, many locales ...
by bryanm
Tue Jul 02, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Signing Bonus into S-corp: Tax ramifications
Replies: 2
Views: 323

Re: Signing Bonus into S-corp: Tax ramifications

The tax forms don't have a field for which bank account it went into. For your purposes, the bank account doesn't matter. Who is the loan being issued to, you personally or the S-Corp? That same entity would be the one realizing income when the loan is forgiven. Don't switch entities midstream. As y...
by bryanm
Fri Jun 21, 2019 1:18 pm
Forum: Personal Consumer Issues
Topic: Best 7 or 8 cup food processor?
Replies: 18
Views: 927

Re: Best 7 or 8 cup food processor?

Before putting too much emphasis on wattage you need to know if its peak or continuous. My meat grinder is rated to about 550 watts (3/4hp, not sure if thats input or output though) and so is my Ankarsrum mixer which also has a brushless motor. Both of these definitely have way more power than any ...
by bryanm
Fri Jun 21, 2019 12:20 pm
Forum: Investing - Theory, News & General
Topic: The End of Passive Investing?
Replies: 55
Views: 5444

Re: The End of Passive Investing?

what would happen if everybody in the world with a toilet flushed their toilet at the same time? Can anyone point me to other discussions about this? I may be using the wrong search terms. I hope this helps: https://home.howstuffworks.com/home-improvement/plumbing/everybody-flushes-toilets.htm Most...
by bryanm
Mon Jun 17, 2019 1:43 pm
Forum: Personal Consumer Issues
Topic: wood floors and general cleaning: steam?
Replies: 29
Views: 2243

Re: wood floors and general cleaning: steam?

We have a roomba that keeps the floors clean day-to-day. I know of the bona mop and cleaner, but I was hoping to find something that's a bit more automated and could be used for other jobs. If you're interested in automation, have you considered the Braava automated mop (basically a mopping Roomba)?
by bryanm
Mon Jun 17, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: Recommendation for light beer.
Replies: 41
Views: 3214

Re: Recommendation for light beer.

What beer do you really enjoy? Recommendations will vary based on whether you like stouts, IPAs, red ales, barley wine, etc., etc. The fundamental limit here is malt, which provides sugars for yeast to eat. More malt typically means more fermentation and higher ABV. If the malt isn't eaten, that's r...
by bryanm
Tue Jun 11, 2019 10:44 am
Forum: Personal Consumer Issues
Topic: Best Laptop/Surface Pro - $1,000 +/-
Replies: 14
Views: 985

Re: Best Laptop/Surface Pro - $1,000 +/-

I'll post the counter-anecdote to onourway's comment. I owned a Lenovo X1 Carbon for a few years. It failed multiple times. I purchased the highest level of warranty from Lenovo, but after 3 onsite visits failed to fix the issue (a failed screen or connector--physical, not software), I went and purc...
by bryanm
Sat Jun 08, 2019 7:27 pm
Forum: Personal Consumer Issues
Topic: Can't open links in Thunderbird
Replies: 4
Views: 445

Re: Can't open links in Thunderbird

I found this: Hyperlinks in Messages Not Working Next step after verifying default browser is: Check that no application is specified for the HTTP content type In Thunderbird, you can specify an action that occurs when you click on various types of attachments and inline content. If the action for t...
by bryanm
Thu Jun 06, 2019 10:43 am
Forum: Personal Consumer Issues
Topic: Any TV guys out there?
Replies: 35
Views: 2924

Re: Any TV guys out there?

I guess it is the new thing but I'm not a fan of the two legged approach. I prefer the center base. I heard it was something about tvs tipping over but that seems pretty lame to me. I also despise the two outer leg design. It is an effort to squeeze every cent of cost out of the unit. The center st...
by bryanm
Wed Jun 05, 2019 11:38 am
Forum: Investing - Theory, News & General
Topic: "Stay course" conflicts: Help me understand.
Replies: 10
Views: 1339

Re: "Stay course" conflicts: Help me understand.

Had I not read about staying the course (as part of BH philosophy) and tried to apply the above method to investing, I would tweak the strategy every year to adjust or adapt based on the returns of the strategy. But since I've read BH, I know that would not be a sensible approach. This is a signal ...
by bryanm
Wed Jun 05, 2019 10:37 am
Forum: Personal Investments
Topic: DCA on the way out, too? Even towards a conservative AA?
Replies: 13
Views: 1009

Re: DCA on the way out, too? Even towards a conservative AA?

A common argument for DCA is that you transact more shares at a lower price than at a higher price. That sounds desirable for acquiring shares. It does not sound desirable for selling shares. I'm going to have to ponder this one... Just to wrap this up, this is not a valid point for lump sum v. DCA...
by bryanm
Fri May 31, 2019 2:00 pm
Forum: Personal Investments
Topic: Isn’t it good to have some bond funds in taxable account?
Replies: 11
Views: 1767

Re: Isn’t it good to have some bond funds in taxable account?

Don't let the tax-tail wag the return-dog. Yes, it's okay to hold bonds in taxable if you run out of space for your AA in tax-advantaged accounts. The problem with bonds in taxable isn't capital gains (or lack thereof) at the time of sale, it's "tax drag": the lowering of each year's return by the t...
by bryanm
Thu May 30, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Are you missing a $15,000 payment from CRB FREEDOM?
Replies: 28
Views: 4878

Re: Are you missing a $15,000 payment from CRB FREEDOM?

Thanks for keeping up updated!

Now don't go trying to ACH from accounts that are very similar to yours...
by bryanm
Thu May 30, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: A book reccommendation .......please?
Replies: 6
Views: 416

Re: A book reccommendation .......please?

Sorry you had a bad experience. I think the one thing most people don't consider enough in legal matters is cost vs. downside risk. Legally speaking, wills are tricky. There is a reason lawyers are able to charge what they charge to prepare them. However, you really only get into the legal weeds wit...
by bryanm
Fri May 24, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: [Proposed changes to 401(k) and IRAs, SECURE Act]
Replies: 89
Views: 4848

Re: House votes to change RMDs to 72

Per Rule 4a, "...discussions of proposed laws or regulations are prohibited," except that "[p]roposed regulations that are directly related to investing may be discussed if and when they are published for public comments." Seems reasonable to say that passage by the House is "published for public co...
by bryanm
Thu May 23, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Are you missing a $15,000 payment from CRB FREEDOM?
Replies: 28
Views: 4878

Re: Are you missing a $15,000 payment from CRB FREEDOM?

My guess is that it's an error. I've never met a scammer willing to put up $15k in "real" money (I'm assuming it is real in the sense that your bank would let you withdraw it if you asked) to a mark. But maybe I'm the sucker born today. In any event, seems best to let it sit while your bank does th...
by bryanm
Thu May 23, 2019 1:24 pm
Forum: Personal Investments
Topic: 401(k)/403(b) Distributions When You Have Both Traditional and Roth Money
Replies: 4
Views: 386

Re: 401(k)/403(b) Distributions When You Have Both Traditional and Roth Money

Right, I understand treating it separately, but my question is say I want to roll my Roth accumulations over to a Roth IRA. Do I have to pick the specific funds I bought with my Roth contributions, or do I pick whatever funds I want? My understanding is that the funds are partitioned. So, when roll...
by bryanm
Thu May 23, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: Legal Advice Needed: Immigration and employment question
Replies: 13
Views: 1289

Re: Legal Advice Needed: Immigration and employment question

I am surprised that no one suggested that she talk to an immigration lawyer. This is the right advice. Don't let cost dissuade you--there are quite a few non-profits that have immigration attorneys available to discuss these issues on a more informal basis. Even under the current administration, th...
by bryanm
Thu May 23, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Are you missing a $15,000 payment from CRB FREEDOM?
Replies: 28
Views: 4878

Re: Are you missing a $15,000 payment from CRB FREEDOM?

My guess is that it's an error. I've never met a scammer willing to put up $15k in "real" money (I'm assuming it is real in the sense that your bank would let you withdraw it if you asked) to a mark. But maybe I'm the sucker born today. In any event, seems best to let it sit while your bank does the...
by bryanm
Wed May 22, 2019 5:01 pm
Forum: Personal Consumer Issues
Topic: Short (3 night) Catamaran Charter in USVI or BVI
Replies: 14
Views: 1245

Re: Short (3 night) Catamaran Charter in USVI or BVI

I would recommend contacting Sunsail. (Sunsail.com) They are a large and well trusted charter service in the islands. Tell them what you are looking for and they can make recommendations on boats, itineraries, skippers, etc. Have fun! I did a 7-day bareboat (no skipper) charter out of the Bahamas w...