Search found 121 matches

by simas
Sat Feb 17, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 6833

Re: Why paying off loans would be better than fully funding 401k?

May be a stupid question - why stay in that area ? Is it close to your family (since she wants to be away traveling back to her folks)? Some sentimental attachment? Best schools in the nation? or is it simply where job ended up being? Otherwise, you are (slowly) moving towards 'good' - cataloging wh...
by simas
Sat Feb 17, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: My Over $300K Vanguard Balance Disappeared?
Replies: 62
Views: 10068

Re: My Over $300K Vanguard Balance Disappeared?

" This is an avoidable problem. Your Amazon order history or Gmail archives are never unavailable. In today's world, tolerating poor customer experiences like this is a business decision." Yes, the amount of investments you want to place into that place or ultimately priority of this vs priority of ...
by simas
Sat Feb 17, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: My Over $300K Vanguard Balance Disappeared?
Replies: 62
Views: 10068

Re: My Over $300K Vanguard Balance Disappeared?

from the IT perspective on similar situations - the site calls various services (APIs) to get and display balances. we (IT) have to routinely perform maintenance (firmware/OS patching primarily, things like failovers, infrastructure migrations, etc) during which APIs are unavailable. So what typical...
by simas
Wed Feb 14, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 6833

Re: Why paying off loans would be better than fully funding 401k?

"I think some people are missing the importance of the future "vacation" money. Wife lives on the west coast and her aging family is on the east coast. Likely the kids' grandparents are on the east coast. There is probably no family on her side out west. Visiting once or twice a year is of primary i...
by simas
Wed Feb 14, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: C-Suite etiquette advise needed
Replies: 27
Views: 3651

Re: C-Suite etiquette advise needed

Do you have an admin assigned already ? Why not mention it to that person (almost typed 'her') and have them talk to the CEO's admin assistant. These (and any other preferences) are common, normal, and are routinely accommodated. CEO's admin would contact the venue (as she/he is the one paying to th...
by simas
Tue Feb 13, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 6833

Re: Why paying off loans would be better than fully funding 401k?

ChinchillaWhiplash I read your thread and this looks like much more than 'math' question - the real problem is your wife's spending habits and expectations (and therefore it is a problem for both of you). Your desire to put money away in 401k, HSA, etc looks like well justified desire to 'hide' the ...
by simas
Sun Feb 11, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Passthrough deduction affected by solo 401k?
Replies: 8
Views: 463

Re: Passthrough deduction affected by solo 401k?

interested as well - as self/employed without a corp, curious how it would work in 2018..
I do see the argument of small businesses being left out from the corporate tax rate reduction..
by simas
Sat Feb 10, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: "Personal Capital" program
Replies: 14
Views: 1341

Re: "Personal Capital" program

The 'advisor' contacts you (or tries to) once a quarter - if you do not need the service, don't pick up or just say no. overall, the tool is very convinient
by simas
Sat Feb 10, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Stay the course?
Replies: 65
Views: 7148

Re: Stay the course?

...Were you this excited about buying in December when the prices were the same as they are now? Or did raising the price and then lowering it make you see things differently? Two parts to this - 'excitement' (emotions) and actions no, I was not as excited in December with a lot of noise of 'this i...
by simas
Sat Feb 10, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: In a rising rate environment, do banks offer incentives for early pay off?
Replies: 12
Views: 1389

Re: In a rising rate environment, do banks offer incentives for early pay off?

"A loan is the same as a bond. When interest rates fall the value of that loan falls just like the value of the bond. Rationally they should take their losses from the low interest low now and reinvest at the higher rate" And the other piece people forget is that (vast majority of the) banks may ori...
by simas
Tue Feb 06, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Stay the course?
Replies: 65
Views: 7148

Re: Stay the course?

I am actually excited :) - extra motivator to put some money in that otherwise I was too busy to act on. if it goes down more (sale!!!) , I may even pick up more hours to put more money
by simas
Mon Feb 05, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Need help - first major career choice (fed. gov.)
Replies: 39
Views: 2451

Re: Need help - first major career choice (fed. gov.)

"Do you agree/disagree with my above valuation of FERS pension?" The problem you have is that you are comparing apples to fantasies about oranges - do you want to live somewhere else ( in 'medium cost of living places')? if no, who cares what some other job pays in place X if you do not want to live...
by simas
Sat Feb 03, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: whole life basic value vs cost basis
Replies: 0
Views: 122

whole life basic value vs cost basis

We surrendered old whole life policy in 2017 (with Mass Mutual). I have pieces of information from them - email listing automated tax gain qoute from their system with the following values -- cost basis 32554.26 -- taxable gain 25246.59 - letter that contains the following numbers -- basic value 430...
by simas
Thu Feb 01, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Opportunity to buy company stock at a discount
Replies: 30
Views: 1580

Re: Opportunity to buy company stock at a discount

this is fairly standard benefit within megacorps - small amount of money in exchange to some time complications (1099B corrections ,etc). whether that is worth your time, up to you to determine. I do not know what level you are interviewing at, however ESOP is rarely what sways the decision as benef...
by simas
Thu Feb 01, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Independent Consulting Liability
Replies: 15
Views: 737

Re: Independent Consulting Liability

- this is common - you do not have to agree to anything and can remove anything you do not like - just because it is written it does not necessarily means it is enforceable (a lot of the post engagement obligations that prevent you from working with anyone who may or may not worked with/heard/was in...
by simas
Thu Feb 01, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Consultant income - W2 or 1099
Replies: 8
Views: 541

Re: Consultant income - W2 or 1099

That is how it usually goes. otherwise there is no incentives for 1099 to convert and more incentives to work with a different client if they are unwilling to up the rate
by simas
Tue Jan 30, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Which brokerage has the best looking platform in your opinion?
Replies: 12
Views: 1088

Re: Which brokerage has the best looking platform in your opinion?

they are all functional - whichever you are most used to. Fidelity is simple enough once learned and almost complete (non-prototype accounts still have a number of things that could only be done in branch through paper) Schwab I am probably not get to judge given I worked for them for 10 years and k...
by simas
Sat Dec 30, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2206

Re: solo 401k - setting it up so that Roth conversion is a possibility

one quote that speaks to me as you are in the last day (or already passed) ability to actually set this up in 2017
"Act thoughtfully, act intelligently, and act boldly, but always remember to act!"

all research in the world without action means nothing
by simas
Sat Dec 30, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2206

Re: solo 401k - setting it up so that Roth conversion is a possibility

"Simas, one thing i wondered about about is that they plan to get a second EIN for me to use for the trust associated with the plan. So I wondered if it would be a big hassle to switch back to a brokerage with the solo401k (e.g. TDA) where they do not use this extra EIN and whether I'd need to go to...
by simas
Fri Dec 22, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2206

Re: solo 401k - setting it up so that Roth conversion is a possibility

plan - discountsolo401k.com
accounts set up by the plan trust - Fidelity
by simas
Fri Dec 22, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2206

Re: solo 401k - setting it up so that Roth conversion is a possibility

exactly. 1. I do not understand why otherwise pretty advanced organizations like Fidelity, Schwab, etc voluntarily surrender this market to smaller boutique firms . All they have to do is change the provisions of their plans to enable these features to instantly have significant advance 2. solo401k ...
by simas
Fri Dec 22, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2206

Re: solo 401k - setting it up so that Roth conversion is a possibility

"to be different viewpoints on how one can get up to $54 k in contributions" no. you are confusing multiple items here. 1. standard formula you reference 0.2x (net income - 1/2 SEtax) for employer) is related to what your business can put in as matching/profit sharing contribution and take a deducti...
by simas
Thu Dec 21, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Another 401K vs Roth with lower marginal tax on the horizon
Replies: 8
Views: 516

Re: Another 401K vs Roth with lower marginal tax on the horizon

[/quote] thanks. I will keep my 401k/457 3% rate is non tax. My thought is, we are adding almost 60K/yr into equities and would not hurt just have some cash on the side. The "cash" is more like a fixed income portfolio. [/quote] one more suggestion for portfolio review if you want holistic approach ...
by simas
Thu Dec 21, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Motive for 401(k) advisor to change funds? Something fishy?
Replies: 44
Views: 2681

Re: Motive for 401(k) advisor to change funds? Something fishy?

"Alarm bells are ringing. All this and nepotism too?"

Family owned/run company...
by simas
Thu Dec 21, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11999

Re: A meal with friends yields a financial revelation

" I made a number of mistakes over weighting lower price vs better quality."

I think this is what wisdom is, all of us find their own balance and learn it over time.. I did the same going for lower price just to end up with questionable value (aka junk) and then doing it again right.
by simas
Thu Dec 21, 2017 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Another 401K vs Roth with lower marginal tax on the horizon
Replies: 8
Views: 516

Re: Another 401K vs Roth with lower marginal tax on the horizon

or you can consider using muni bond funds which are exempt from income taxes (not sure about AMT specifics). 3% rate * 0.6 after tax (100% -40% taxes) is 1.8%. Pretty good for cash , as for the rest - you may want to look at portfolio as a whole to understand why you keep that much cash... and yes, ...
by simas
Thu Dec 21, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2206

Re: solo 401k - setting it up so that Roth conversion is a possibility

"About discountsolo401k.com - I also did not find a mention of after-tax on their website either, but am assuming they do it all. As mentioned, this (after take solo401k) seems a good project for 2018 for me and maybe for a new thread. I found some previous threads on it, but was still confused afte...
by simas
Thu Dec 21, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2206

Re: solo 401k - setting it up so that Roth conversion is a possibility

"On the after tax non-roth, do I understand that this does not have to follow the same formula for maximum contributions as the others? " I think you are making this so much more complicated vs what it should be 1. There are 'Elective Deferral' employee contributions (to the tune of 18k normally wit...
by simas
Wed Dec 20, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k - setting it up so that Roth conversion is a possibility
Replies: 41
Views: 2206

Re: solo 401k - setting it up so that Roth conversion is a possibility

Agree, this is very hard to read. "One of my main interests with regard to re-setting up my i401k tax-deferred part is being able to eventually do roth conversion of the deferred part of the solo 401k" Is this is your goal, have you looked at entire industry of boutique providers that write MUCH bet...
by simas
Wed Dec 20, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Job Opportunity - Public vs Private
Replies: 21
Views: 1803

Re: Job Opportunity - Public vs Private

"That said, here lies the rub of it all and others above have alluded to, the stability aspect of the public sector position versus this private sector one. What happens if or when their projects slow down or are completed? I could always go to another company or back to the public sector, but those...
by simas
Wed Dec 20, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tax-planning - What to pay in '17 before it's too late?
Replies: 33
Views: 1874

Re: Tax-planning - What to pay in '17 before it's too late?

"I'm thinking of making extra payments to my mortgage/property tax in anticipation of the tax overhaul." I do not know what is your tax filing strategy or approach is - favorite package, etc. for myself, I ended up buying H&R Block 2017 already and entering numbers I have, then playing with scenario...
by simas
Wed Dec 20, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tax-planning - What to pay in '17 before it's too late?
Replies: 33
Views: 1874

Re: Tax-planning - What to pay in '17 before it's too late?

Sorry guys, what does future 2018 legislation have to do with current topic of OP question? I understand everyone wants to spout their political position (whichever it is) but BH is not a good place for it, IMHO. There are plenty of forums to make noise about "freeloaders , who pay nothing in income...
by simas
Tue Dec 19, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Job Opportunity - Public vs Private
Replies: 21
Views: 1803

Re: Job Opportunity - Public vs Private

" opportunity that has presented itself versus my current situation." do you have an offer? if not, you do not have an opportunity yet if yes, what does the offer say? a lot of items below that you write below ('industry', 'overall job market') are irrelevant, what matters is what is in your offer (...
by simas
Mon Dec 18, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: please help figuring out after tax contribution
Replies: 6
Views: 482

Re: please help figuring out after tax contribution

Thank you!

I believe this https://www.irs.gov/retirement-plans/40 ... ction-415c is what you are referring to.


I appreciate everyone's help
by simas
Mon Dec 18, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: please help figuring out after tax contribution
Replies: 6
Views: 482

Re: please help figuring out after tax contribution

her 403b employer contributions at separate unrelated part time employment are zero her 403 employee contributions at same job are 16k in our consulting business (qualified joint partnership) , completely different industry, field, etc "funky calculation based on 20% after half SE tax is deducted. J...
by simas
Mon Dec 18, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: please help figuring out after tax contribution
Replies: 6
Views: 482

please help figuring out after tax contribution

Would resident experts be able to comment on below? I am sole proprietor in qualified joint partnership (50/50) My 401k contribution as employee is 18k (pre-tax, but I do not think that matters for amounts) My 25% contribution as employer is 11k (pre-tax) My voluntary after tax contribution is 54 -(...
by simas
Mon Dec 11, 2017 8:31 am
Forum: Investing - Help with Personal Investments
Topic: 100k small business income. How much can I put in solo 401k?
Replies: 3
Views: 608

Re: 100k small business income. How much can I put in solo 401k?

It depends on two things - what are your business expenses out of those 100K - how much you want to shelter in tax deferred or tax free growth generally, with standard packaged plan - you get 18K as employee - at that income level you get ~18k in profit sharing contributions as employer The numbers ...
by simas
Fri Dec 08, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 6868

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

You are getting good advice here. Regarding support, no way around it regardless of the specific IT specialty to taken (I do data/databases and there is plenty of support) Keep improving yourself (your marketability) , certifications, training, networking. Keep looking for opportunities as that is h...
by simas
Mon Dec 04, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Who keeps more money out of 100k? Self-employed vs Employed?
Replies: 39
Views: 3016

Re: Who keeps more money out of 100k? Self-employed vs Employed?

"The issue I had, as 1099 long term, doing finance/accounting/misc consulting work, is the employer tends to get hung up on the high hourly rate number." May be a market that you are dealing with? given my experience is in different field (management/technology consulting) and hourly rate there is l...
by simas
Mon Dec 04, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 6396

Re: The 4% rule, Firecalc and Human Nature

". My goal isn't to retire, but when I get to that point (which may be now or soon) to continue to work, but do something I like and make less money." not even that - the goal for a lot on MMM (where I frequent as well) is FIRE, which is freedom. you want to work , awesome. you want to not work, awe...
by simas
Mon Dec 04, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 6396

Re: The 4% rule, Firecalc and Human Nature

"You keep writing that. Not sure why. " Yep, the sky is falling, it truly is! Look, this time is different never worked, and is a common excuse to hide fear... sad to see so many people paralyzed by fear of living.. " It's valid to consider likely life expectancy, but actuarial data includes everyon...
by simas
Mon Dec 04, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Who keeps more money out of 100k? Self-employed vs Employed?
Replies: 39
Views: 3016

Re: Who keeps more money out of 100k? Self-employed vs Employed?

" I want to know WHEN/HOW (if at all possible) a self-employed person making 100k would keep more of their money than an employee 100k salary + benefits." your question is meaningless on many levels. - as self employed you set your rates and they are multiples of the equivalent W-2 rates. i.e. in Ch...
by simas
Sun Dec 03, 2017 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 6396

Re: The 4% rule, Firecalc and Human Nature

as another (third?) party - you _are_ talking past each other.. - some financial products may have different properties than others ("more safe") - zero financial products are completely safe for reasons already outlined above. . how I know - ask myself, my family, or hundred million of others how s...
by simas
Sun Dec 03, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 6396

Re: The 4% rule, Firecalc and Human Nature

the 'just in case' thing and to worry in general is simply being human.. would you go to work and fill up retirement accounts for another year if you had 12 months to live? would you work another year just in case if you only had 2 years left to live? what is your tolerance level, surely you are not...
by simas
Sun Dec 03, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 6396

Re: The 4% rule, Firecalc and Human Nature

" but the current combination of extremely high valuations for both stocks and bonds is unprecedented (or the "n" is extremely small)" the 'this time it is different' argument again? Same arguments have been used for decades now in attempt to deal with inner fear... "You are not missing anything. Wh...
by simas
Sat Dec 02, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for the Next Eight Years - Any Concern or Red Flag?
Replies: 21
Views: 2927

Re: Plan for the Next Eight Years - Any Concern or Red Flag?

So overall, your plan seem to be ok with few comments 1 . do not over estimate the tax brackers and their impact (all that concern about 15% and 25%, etc). I am sure you know how this works and 25% is on the money above the limit, not everything which amounts to at most 10% difference on additional ...
by simas
Thu Nov 30, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review requested and some tactical steps
Replies: 4
Views: 612

Re: Portfolio review requested and some tactical steps

Thank you LadyGeek, I realized I put it in the wrong forum but was not sure how to move it. My allocation was based on the book by Rick Ferri and is a variant of 4 core portfolio. for Vanguard Limited Term Tax Exempt , I was thinking of this as our emergency fund (year plus of expenses). limited vol...
by simas
Sun Nov 26, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3688

Re: Let Go by MegaCorp - Lots of options

I faced similar choice to yours about 2 years ago when my former manager left and new team was brought in. I received an offer to 'park me' (keep the same base pay, change from management title to a non-management role and stay there doing nothing while they figure out what they want to do) which I ...
by simas
Sun Nov 26, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3688

Re: Let Go by MegaCorp - Lots of options

"The severance package pays out bi-weekly so I would not be able to collect unemployment until my severance is up" Are you sure about this? Are you in notification period (or pre-notification) ? What is the date of the actual layoff? If you got laid off, you get to collect unemployment, regardless o...