Search found 421 matches

by simas
Mon Oct 14, 2019 6:17 pm
Forum: Personal Investments
Topic: 401k w Megabackdoor 56k what part of first 19k should be Roth
Replies: 5
Views: 624

Re: 401k w Megabackdoor 56k what part of first 19k should be Roth

Okay here is I think a complex BH question. Assume 37/5 tax bracket. High earnings. Retirement in 25 years. Age 40. No match. In my 401k I have 19k which can be Roth and 37k megabackdoor that must be Roth. In the first 19k should I do Roth or standard 401k? I can split 9.5/9.5 or do 19k standard or...
by simas
Sat Oct 12, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Solo401k.com?
Replies: 6
Views: 468

Re: Has anyone used Solo401k.com?

When I was researching all this last year, I ultimately found no reason to use a company like this. I have zero interest in holding any of my real estate inside the 401k, so didn’t need the self-directed feature. I went with E-Trade for my solo 401k account. There are no fees, and they permit all t...
by simas
Sat Oct 12, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Seller misrepresented fulfillment of defect fixes - next steps? sue?
Replies: 55
Views: 4765

Re: Seller misrepresented fulfillment of defect fixes - next steps? sue?

wait.. you DID have a lawyer , correct?? someone to review the contract, handle the process, etc. someone who is obligated to advice you and protect your interests. This is confusing. did you at least get good price on the house? Nope, no lawyer. Yes, a good price on the house. At very least, a goo...
by simas
Fri Oct 11, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Solo401k.com?
Replies: 6
Views: 468

Re: Has anyone used Solo401k.com?

sorry, no direct experience with solo401k.com. I use their competitor (?) https://discountsolo401k.com/ for 3 years now and very impressed with customer service responsiveness. Set up prices slightly higher , overall satisfied customer. and yes, I picked them for after-tax non roth contributions opt...
by simas
Fri Oct 11, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Seller misrepresented fulfillment of defect fixes - next steps? sue?
Replies: 55
Views: 4765

Re: Seller misrepresented fulfillment of defect fixes - next steps? sue?

I don't think I'd use a real estate agent next time. I'd pay for a lawyer out of the 3% I'd save. God, I find this soooo frustrating. We needed guidance and it basically wasn't provided. I worked very hard to understand the transaction as much as possible and I believe I understood more than the va...
by simas
Fri Oct 11, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages of Vanguard over M1 Finance? + Buffett question
Replies: 25
Views: 1619

Re: Advantages of Vanguard over M1 Finance? + Buffett question

Buffer does not 'invest' in stocks - he is more of the leveraged buy out person. when he buys he then directly influences and manages the companies he 'invested' in - i.e. management reporting to him (in private companies) or gets seat(s) on the board of public companies and directly influences the...
by simas
Fri Oct 11, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Seller misrepresented fulfillment of defect fixes - next steps? sue?
Replies: 55
Views: 4765

Re: Seller misrepresented fulfillment of defect fixes - next steps? sue?

I agree with @freemanB that you have a weak if not non-existent claim. There is no requirement for professional repair. if you didn't require it in writing. You inspected, accepted and signed off on the repair. As pointed out earlier. A seller is going to want to take the least expensive route to m...
by simas
Fri Oct 11, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Advantages of Vanguard over M1 Finance? + Buffett question
Replies: 25
Views: 1619

Re: Advantages of Vanguard over M1 Finance? + Buffett question

Buffer does not 'invest' in stocks - he is more of the leveraged buy out person. when he buys he then directly influences and manages the companies he 'invested' in - i.e. management reporting to him (in private companies) or gets seat(s) on the board of public companies and directly influences the...
by simas
Fri Oct 11, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Advantages of Vanguard over M1 Finance? + Buffett question
Replies: 25
Views: 1619

Re: Advantages of Vanguard over M1 Finance? + Buffett question

I used to assume that obviously an ordinary person can't pick stocks but Warren Buffett can do it because he has extraordinary skill/experience. So why can't someone just copy his portfolio and get similar gains? If this is not a good idea, I'd like your thoughts on why not? Thank you. Buffer does ...
by simas
Thu Oct 10, 2019 3:46 pm
Forum: Personal Investments
Topic: Pre Retirement Portfolio Review
Replies: 25
Views: 3120

Re: Pre Retirement Portfolio Review

1) The question about line 6 on Form 8606- Form 8606 should have been filed each year you had a non-deductible basis. I believe line 6 may report blank in years with no Roth conversions if using tax software. This year if you do complete the Roth conversion after the "reverse" rollover to your 401k...
by simas
Wed Oct 09, 2019 8:06 pm
Forum: Personal Investments
Topic: Pre Retirement Portfolio Review
Replies: 25
Views: 3120

Re: Pre Retirement Portfolio Review

I would say with a high 7 figure portfolio, and 250k expected income need, you are good to go. Above this, you could still be ok, but without exact #s, hard to confirm. The $100k year passive income should be a good buffer to possibly spend above the 250k level if need. Good thoughts by others so f...
by simas
Tue Oct 08, 2019 8:42 am
Forum: Personal Investments
Topic: Pre Retirement Portfolio Review
Replies: 25
Views: 3120

Re: Pre Retirement Portfolio Review

Thank you sir. 1. The plan I hope to roll money into is Solo401 where I am the Plan trustee and Plan Administrator with Fidelity providing me with investment only retirement accounts. According to my plan support, the plan documents allow incoming transfers. As for how exactly I have to process it w...
by simas
Mon Oct 07, 2019 4:29 pm
Forum: Personal Investments
Topic: Pre Retirement Portfolio Review
Replies: 25
Views: 3120

Re: Pre Retirement Portfolio Review

I would say with a high 7 figure portfolio, and 250k expected income need, you are good to go. Above this, you could still be ok, but without exact #s, hard to confirm. The $100k year passive income should be a good buffer to possibly spend above the 250k level if need. Good thoughts by others so f...
by simas
Sun Oct 06, 2019 5:06 pm
Forum: Personal Investments
Topic: Transfer into former employer's 401(k) possible?
Replies: 25
Views: 1478

Re: Transfer into former employer's 401(k) possible?

I’ll decide what to do once I hear back from Schwab re whether my former employer will let me rollover my current 401k into their plan (seems unlikely) and also get some more details on future employer 401k plan. Please post here once you find out, I am in similar boat. I went through the SPD (Summ...
by simas
Sun Oct 06, 2019 5:06 pm
Forum: Personal Investments
Topic: Transfer into former employer's 401(k) possible?
Replies: 25
Views: 1478

Re: Transfer into former employer's 401(k) possible?

I’ll decide what to do once I hear back from Schwab re whether my former employer will let me rollover my current 401k into their plan (seems unlikely) and also get some more details on future employer 401k plan. Please post here once you find out, I am in similar boat. I went through the SPD (Summ...
by simas
Wed Oct 02, 2019 6:44 pm
Forum: Investing - Theory, News & General
Topic: Know when to hold them and when to fold them......
Replies: 148
Views: 12915

Re: Know when to hold them and when to fold them......

Kind of like back in 1996, the year of Greenspan's 'irrational exuberance' speech? Except that stocks never again fell to the levels set back in 1996. Stocks are not airplanes. I missed 1996 (started investing few years later) so I can speak to it. what was important to me (as financial portfolio g...
by simas
Wed Oct 02, 2019 4:13 pm
Forum: Investing - Theory, News & General
Topic: Know when to hold them and when to fold them......
Replies: 148
Views: 12915

Re: Know when to hold them and when to fold them......

Have you changed or rethought your international exposure lately and what did you do if anything? I have significantly increased it based on review of IPS and portfolio. Specifically I was very uncomfortable how much my 'reptile brain' was starting to release dopamine whenever S&P500 would hit next...
by simas
Tue Oct 01, 2019 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: properly accounting for previous year tax payments when paid in 2019 question
Replies: 4
Views: 328

Re: properly accounting for previous year tax payments when paid in 2019 question

Thank you I have similar situation with the state too (IL) , different tax year (2017) where they issued a tax due based on review of the account, I paid it and then they reviewed account again and told me I paid too much (they were correct) sending some money back. They were correct in both cases, ...
by simas
Tue Oct 01, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: properly accounting for previous year tax payments when paid in 2019 question
Replies: 4
Views: 328

properly accounting for previous year tax payments when paid in 2019 question

Greetings forum I had fun experiences with IRS this year and wanted to check something - how do I properly account for (a) having paid some amount on previous year (2016) taxes in 2019 while I filled evidence documentation to IRS (b) had that amount returned to back fully with interested would (b) g...
by simas
Mon Sep 30, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Business - How much to expect, what is the process
Replies: 59
Views: 3955

Re: Selling Business - How much to expect, what is the process

1. What is a reasonable price to expect for a software product based business as a multiple of revenue. 2. How many customers should you have before you can start of thinking to sell. 3. What is the process to sell the business. How do you find the business brokers or M&A advisors etc. 4. It is a s...
by simas
Wed Sep 25, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 256
Views: 20682

Re: IT compensation comparison

Silicon valley tech salaries might be an eye opener for you IMHO. 200k is the starting total comp here nowadays for fresh grads. 250 to 300 after 5-10 years is the norm. www.levels.fyi has pretty accurate numbers. Again, only at tech companies though. Not in companies like Schwab. :) only in proper...
by simas
Thu Sep 19, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 256
Views: 20682

Re: IT compensation comparison

https://insights.dice.com/2019/09/16/microsoft-software-engineers-reveal-salaries/ The link above gives an idea of the average compensation of a typical microsoft employee with 3 years of tenure. It shows total compensation of around 180K including stock and bonuses but not including benefits. Is t...
by simas
Wed Sep 18, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 472
Views: 45081

Re: Selling home- Demanding Buyer (Repairs)

1) I don't like contingencies other than very routine stuff (i.e. I'm ok with inspection but not much beyond that). 2) I don't like FHA buyers. 3) I don't like buyers wanting the sellers to pay closing costs. I also don't like RE agents, but that's beside the point right now. So for me, there's at ...
by simas
Tue Sep 17, 2019 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 472
Views: 45081

Re: UPDATE offer Selling home- Demanding Buyer (Repairs)

I would take their price in a heart beat without the contingency. But, wont the bank not lend them the money then? Theyd be carrying way too much debt to be a good risk for the bank, no? Why worry about other people problems - all that 'what ifs'? that is not your concern who, when, how would or wo...
by simas
Fri Sep 06, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Stressed Over Money 25 Yr. Old
Replies: 65
Views: 5042

Re: Stressed Over Money 25 Yr. Old

Do you have a spouse? How does s/he feel about all that overtime? And living with the parents? She is an on and off girlfriend. Didn’t plan on having a baby this young but it happened unexpectedly. All is good now and she makes me happy. My mom usually watches the baby when we are working so that i...
by simas
Wed Sep 04, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 4768

Re: Some Computer Science Career Advise?

@simas $275k was not a mistake (I live in a MCOL city too). Nearly half of it is equity, though. My salary is $150k. Fair market value of my equity that will vest in Jan 2020 is $125k at the moment along with a 7% salary AIP bonus. I have about $250k in unvested equity. The new offer includes a sal...
by simas
Wed Sep 04, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: HELP! New Job Offer Freezes 401k Contributions for 1 year, Alternatives?
Replies: 20
Views: 1575

Re: HELP! New Job Offer Freezes 401k Contributions for 1 year, Alternatives?

Thank you all for the ideas and insight. I do tend to hyperfocus on something without seeing the entire picture. I think most of my concerns can be alleviated if I'm able to negotiate the higher salary. Although I'd have a bigger tax bill without having any pre-tax contributions, I'd still have mor...
by simas
Tue Sep 03, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 4768

Re: Some Computer Science Career Advise?

I'm a bit disturbed by the number of people willing to provide such cock-sure recommendations that the OP should definitely leave. Just because some people leave and never regret it, it's not a reason that the OP should leave, because the opposite happens too. I do not know if OP made a typo (275k ...
by simas
Fri Aug 30, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for after getting high income
Replies: 46
Views: 6131

Re: Advice for after getting high income

Make hay while the sun shines. You may one day want to do your own thing or whatever and so I would race to fat FI if i were you. This. just a handful of years at this income/expense ratio would set you for the rest of the life pretty much anywhere on the planet. pay your taxes, live up a little in...
by simas
Fri Aug 30, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Banks requiring fingerprint on a check for non-customers to receive cash
Replies: 87
Views: 5709

Re: Banks requiring fingerprint on a check for non-customers to receive cash

Nate79 wrote:
Fri Aug 30, 2019 3:42 pm
Kudos to BoA for putting in this level of security.
This.
I do not understand the "this raises a huge amounts of questions and concerns." - how so?
by simas
Wed Aug 28, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 109
Views: 11894

Re: Need Help - DW Laid Off and Company wants her back now

Interesting --Is it common for people to actually go back to a company after being laid off? Does the company usually pay you back for the months unemployed or do you need another offer to better negotiate? Congrats OP! I have friends that went back to the company after layoffs. Company management ...
by simas
Wed Aug 28, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 15249

Re: What is your plan for the last few years of a long life?

That's not a plan, that's a hope. But I'm sure you know that ...... as I am reading another thread right now on BH about a 31 year old with terminal (likely) brain cancer.. enjoy the fantasies of the long life.. do not forget to actually live as you worry about what ifs 30-40-50 years from now. you...
by simas
Tue Aug 27, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card miles or cashback for travel to wedding
Replies: 20
Views: 1250

Re: Credit card miles or cashback for travel to wedding

My family will be attending a wedding at some point in the next few years (the date hasn't been set yet). The wedding is far enough away from our home that we'll have to fly. We won't have much flexibility on dates. The wedding is likely to be over a weekend, and I don't imagine we'll want to exten...
by simas
Tue Aug 27, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to start a business
Replies: 11
Views: 933

Re: How to start a business

The answer to your question is to have something (product, services ,etc) that others want to buy. period. one you have what others are wiling to pay for, you have a business. as far as buying yourself a job (franchise, etc.) - may be others could comment on that. I do not think of this favorably an...
by simas
Mon Aug 26, 2019 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Comcast Grievance - How to get their attention?!
Replies: 43
Views: 3152

Re: Comcast Grievance - How to get their attention?!

the forums (i.e. dslreports) are full with people posting bad experience about EVERY major consumer ISP. it is just such is the business model. The bigger the ISP , the worse the experience (ATT, Comcast, Verizon, etc.) . we pay peanuts, they hire …. consumers are not getting what they are not payin...
by simas
Mon Aug 26, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Comcast Grievance - How to get their attention?!
Replies: 43
Views: 3152

Re: Comcast Grievance - How to get their attention?!

may be I am confused - reimburse you for what? I would understand if you would demand not having to pay for the time service was in outage and I think you can get that. for the rest, I really doubt it. this is very large corporation that has army of lawyers that write the contact you accepted when y...
by simas
Sat Aug 24, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Grass is greener on the other side - Need inputs
Replies: 25
Views: 2965

Re: Grass is greener on the other side - Need inputs

- People tell my pay is low, but I cannot find jobs out in public/private that pays at least 10% more for me jump, even as a BI manager etc. this tells you everything you want to know. 'people tell' anything they want including absolute fantasies, reality of the job market is different. stay the co...
by simas
Sat Aug 24, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8363

Re: How to help an employee who is in debt and requesting a loan

Why do you think that offering to pay for a Dave Ramsey course is wrong? you are opening the door you may not want opened. why this and not another? why for this employee but not for some other employee? with your personal money, do whatever you want (call it charity ,etc). with company money , how...
by simas
Sat Aug 24, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8363

Re: How to help an employee who is in debt and requesting a loan

in my previous management experience and upon employee written request, I have arranged the upfont receipt of yet unearned salary with appropriate memo's by HR/payroll that these monies are subject to repay/withholding/clawback should employment be terminated for any reason. however, the track recor...
by simas
Thu Aug 22, 2019 4:10 pm
Forum: Investing - Theory, News & General
Topic: What would investors ever choose arbitrary allocation of US/nonUS stocks?
Replies: 69
Views: 4823

Re: What would investors ever choose arbitrary allocation of US/nonUS stocks?

For a US investor, international stocks have higher costs to manage the portfolio/fund, foreign tax withholding, domestic tax considerations, as well as exposing the investor to different risks (like sovereign/currency risk... and more). On top of that, th e US stock market is pretty well diversifi...
by simas
Thu Aug 15, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Niece divorce - house questions
Replies: 44
Views: 3860

Re: Niece divorce and house

My niece is nearing the end of a divorce. She and her husband have a house (in his name only, and mortgage is in his name only) that she might want to keep as it is near the school that their child attends. I am posting this to confirm or correct my understanding of how the process would work if sh...
by simas
Tue Aug 13, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: House purchase (cash)... wire transfer or cashier's check?
Replies: 32
Views: 2166

Re: House purchase (cash)... wire transfer or cashier's check?

Yes, I am... whatever your title company says ? do that. we bought a house using wire transfer - zero issues. the day before your get the final-final-we-are-almost-certain-this-is-final-now number from your agent/attorney, go to the bank, fill out the piece of paper and wire to that paperwork they ...
by simas
Sun Aug 11, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Individual 401(k)
Replies: 5
Views: 412

Re: Individual 401(k)

Check with your 401k provider. I expect the answer to be no and you should hear about controlled group - basically , you cant double dip and pretend these are separate and distinct companies if in the eyes of the IRS they are part of the same control group i.e. does below apply to you ? who owns th...
by simas
Fri Aug 09, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Negotiation Came to a Halt
Replies: 67
Views: 5186

Re: Real Estate Negotiation Came to a Halt

of him, they countered at $989k. A bit miffed, I didnt want to counter but my realtor convinced me to come up $10k, just to keep the dialogue open. … cutting a lot of text out , few things - you already know the answer to your question (topic is titled "real estate negotiation came to a halt") . wh...
by simas
Fri Aug 09, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401(k)
Replies: 5
Views: 412

Re: Individual 401(k)

Check with your 401k provider. I expect the answer to be no and you should hear about controlled group - basically , you cant double dip and pretend these are separate and distinct companies if in the eyes of the IRS they are part of the same control group i.e. does below apply to you ? who owns the...
by simas
Wed Aug 07, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Plan Lump Sum - Calculation Error By Employer
Replies: 13
Views: 1129

Re: Pension Plan Lump Sum - Calculation Error By Employer

Thanks. How did you deal with cleaning up excess contribution? That's my bigger concern at this point. I may not end up doing anything against employer/plan administrator - or think about that later. However, I would think excess roll-over contribution has to be corrected and adjusted 2016 tax retu...
by simas
Mon Aug 05, 2019 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Dept Outsourced - Job Worries - Need your Advises
Replies: 69
Views: 6893

Re: Dept Outsourced - Job Worries - Need your Advises

I have worked as a on-prem DBA (Oracle, MySQL, NoSQL - all db flavors) for last 20 years and I 've to work another mim 15 years The telecom company I used to work for last 10+ yrs singed a deal with Azure to move workloads / databases to cloud what does this mean to you? a VM is a VM is a VM. hoste...
by simas
Sun Aug 04, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Dept Outsourced - Job Worries - Need your Advises
Replies: 69
Views: 6893

Re: Dept Outsourced - Job Worries - Need your Advises

● By 2021, 94 percent of workloads and compute instances will be processed by cloud data centers; 6 percent will be processed by traditional data centers ● By 2021, 73 percent of the cloud workloads and compute instances will be in public cloud data centers, up from 58 percent in 2016 (CAGR of 27.5...
by simas
Sun Aug 04, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Dept Outsourced - Job Worries - Need your Advises
Replies: 69
Views: 6893

Re: Dept Outsourced - Job Worries - Need your Advises

4. What is the best way to get a job these days in IT ? Have professional network , let that network know you are looking, and when looking actually use that network! Regardless of this subfield of Tech you are in. If you do not have good LinkedIn profile now in 2019 you are dead to the field and d...
by simas
Sun Aug 04, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Annual review was disappointing, what should I do next?
Replies: 45
Views: 5452

Re: Annual review was disappointing, what should I do next?

- At my core, I do suffer from self-doubt and uncertainty - Thank you in advance for your inputs. I am happy to answer any additional questions either here or through direct messages. kurious think of what you want , be specific, write it down. I want to do X in Y industry, setting, company size, e...