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pteam

We setup a second company where my wife is the owner but didn't funnel any income to it yet. We work on the internet so we can decide which company gets paid. The first company I am the only owner but could she get a solo 401k contribution as a spouse as it's an account that we own setup thru fideli...

pteam

Guys I have already contributed the max to my solo 401k. Is there a way to have my wife also contribute max / another $52k for this year? Were both "employed" by the company we own. Is this as a spouse contribution or an "employee" ? Thanks for your help!

pteam

You should take the house. Maybe have her sell it to you for $1 or something. My father in law's mother just had to sell her house and all her assets to pay for her nursing home costs and it has essentially spent all of her assets down to nothing included what was a paid off home. If the home was i...

pteam

You should take the house. Maybe have her sell it to you for $1 or something. My father in law's mother just had to sell her house and all her assets to pay for her nursing home costs and it has essentially spent all of her assets down to nothing included what was a paid off home. If the home was in...

pteam

See my old thread for some info - http://www.bogleheads.org/forum/viewtop ... 1#p2028171

pteam

The real question is: if they earned past the max taxable amount for SS each year, why are they working into their 70s?

pteam

Auream wrote:Well, there's also the third school of thought, led by people like LeeMKE, who just fundamentally don't understand the math and think that pre-paying a 3% loan gives you a 51% APY return.

Haha that was too funny!

pteam

To be the counterpoint, once you've won the game and you have a plethora of money, if you don't spend it your wasting it. You only have one life to live and you should spend your money accordingly on the things that you will enjoy possibly like traveling, a New house etc etc

pteam

Nice thing we did lately was switch to airvoice wireless / AT&T mvno for $10 a month each and wifi only for cell phones saves us $1700 a year

pteam

And I'll say what has been said between the lines from just about every person in this thread: Working2notWork, your working has just been extended by many many years and as said above now you get to cut out all entertainment and dining out

pteam

My wife and I and both of our families all use airvoice wireless $10 a month plans and love it. Airvoice uses at&t's network. I'm an internet guy and it just takes a little adjustment to getting used to wifi only data for you phone, but there's wifi almost everywhere and for the few times there isn'...

pteam

I agree , take a long vacation. then see how you feel

If you want more info from us tell us your assets, and your expenses, and your plans.

pteam

Some good ideas so far, thanks everyone

pteam

Thanks we definitely want to be in a warm part of the island and are very familiar with the Waikoloa area. For car rentals just goto the local car rental places, or is there a cheaper way to do it since it's a longer period of time, 2-3 months. Also for surfing and biking would it be better to rent ...

pteam

My wife and I (no kids) are going to do hawaii for this winter thinking 2 or 3 months. We prefer the Waikoloa area on the big island. Couple questions for those who might have done this: Thinking of renting a home from vrbo or homeaway for jan-February or jan - March . Suggestions or a better option...

pteam

You should list how much is in your portfolio, and how much debt and cc debt you have. First thing is to probably pay off your cc debt which gives a guaranteed 6% return. Also nobody knows what will happen in the future , so having more stocks or more bonds could perform better. There was almost a 1...

pteam

Here is an interesting story: Save $10 a week = $10 million - http://beginnersinvest.about.com/od/dividendsdrips1/a/small-business-investing-dairy-queen-franchise-parable.htm Here is another one save $10 a day and invest = $1 million - http://www.canadianliving.com/relationships/love_and_romance/com...

pteam

It's our actual company that pays us thru 1099. In the past our company just paid us thru 1099. But now that we setup solo 401k we have to make changes.

pteam

Also what would change if half my salary is w2 and half is 1099 consultant? I could change things around if needed.

pteam

Ok I'm looking into this. Thank you for your help Is the business "profit" before the 401k money is subtracted as an expense? Also our corps are S corps. The calc at http://www.solo401kcalculator.com shows I need about $145k each to get to the $52k for 401k, Is that not right? Also if the business h...

pteam

I have a solo 401k for my wife and I. I want to max out each 401k to the maximum allowed 52k each for a total of 104k. We have two businesses one for myself that will fund the 200% match, and a different business for my wife which will fund her 200% match. How much income/profit is needed for each c...

pteam

Lol this thread is too funny

pteam

What to do next? Set your portfolio and then live your life and have fun

pteam

the good news is most of your friends that are 30 have $0 saved and are maybe even in debt and possibly still living at home... trust me I know plenty who fall in at least 1 or all 3 of those categories at 30. So now your enlightened, better at 30 than at 40. read this forum everyday, and max out yo...

pteam

Start looking for a higher paying job that you can switch to

pteam

If you think the market is going to lose thousands of points than probably bonds or even CDs. If you want to buy stocks that aren't hitting record highs look for sectors that have had slumps recently such as emerging markets.

pteam

Really big shopping spree?

pteam

Just curious, why did you buy them as rentals when they barely cash flow?

pteam

Another vote for freedom pop. You get 500 mb a month free in 4g only. If u need 3G it's $3.99 a month which will cover almost all areas.

pteam

My wife and I have the $10 a month plan thru airvoice and a few other people we know. We are actually up to $30+ on each of our phones from rollover. We just use wifi everywhere because there is wifi at our home and office and we don't really need to get in the internet on our phones the other 5% of...

pteam

It's either your site was hacked or you have malware (virus) on your computer. Either way the hack or the malware is redirecting to an ad site.

Easy way to check your computer for virus is scan with a virus scanner, avg free is fine, and then use the program called malware bytes and scan for malware.

pteam

Emerging markets are looking cheap

pteam

I second investornewb's - Internet entrepreneur with periods of volatility, also sold a business that was internet related but alot of it was offline with employees.

pteam

don't worry too much about owning a house vs renting when your young. My example I bought my current home 10 years ago and and I'd be lucky to get exactly the same amount I paid 10 years ago not counting all the property taxes I paid, and replacing appliances and furnaces, etc etc Plus owning ties y...

pteam

What exactly do you need permits for in a kitchen remodel? For example if you just do the countertops and the backsplash do you need permits?

pteam

60" sharp aquos flat screen LCD bought like 2 years ago on Black Friday for like $699. Probably even cheaper now

pteam

2239.9.

pteam

At 75 basis points on $7m your spending $52k per year just in advisor fees plus probably high expense ratios on your funds, so possibly another $70k or more. You could easily go with a low cost 3 fund boglehead portfolio and save $100k a year or more. Or ditch the advisor and just keep the current h...

pteam

How about a tankless water heater? They save you a lot of money in heating and don't have a huge tank of water to spill ...

pteam

I just upgraded to the ipad air. It's amazing and the new size is significantly smaller yet uses the same size screen. Wifi only is what we've had for years and works fine. Also the battery last longer in tests, the battery takes hours less time to charge, and it's a lot faster too. If you had an ol...

pteam

Checkout www.freedompop.com free 4g wifi after buying the device and 3G is like 3.99 a momth

pteam

I'm interested in putting about 2% of my portfolio in vgpmx and 2% in vemax because of its underperformance compared to the s&p. I would rather buy low than high. Although it's only 2% it's still over 5 figures so I thought I'd ask you nice people what your thoughts of it were being down 40%+ and if...

pteam

Yea the 20 year return is scary because it's down by half over the last two years. The long term results looked bad in 2008 when the whole stock market was down by 50% and that was the best time to buy. The market doubled in a few years

pteam

Vgpmx Vanguard precious metals fund is down -40% ytd. Time to buy? What are you guys thoughts/theories?

pteam

And when stocks drop -20% to -40% will you want to sell them to? The point of owning different assets is they balance out your portfolio. Stocks are the most volatile class and could easily drop 10% just next week. Then people will be asking if they shouldn't be in stocks

pteam

I use a combo of two VISA cards: PenFed Platinum Rewards - 5% Gas, 3% Groceries, 1% all else US Bank Cash Plus - 5% Restaurants, 5% Hotels, 1% all else (can choose 5% categories each quarter) Gas, groceries, and restaurants tend to be my biggest expenses and I'm traveling at the moment so the hotel...

pteam

The problem with most people for lump sums is they can't manage money and they spend it too fast and it won't last 20 years. This is what happens to the majority of lottery winners who choose lump sum.

pteam

I think you guys should also look at http://www.ThirdFederal.com if your in a state they service. Current 5/1 arms are 2.79% plus closing costs or 3.1% with only $495 closing costs. They have other plans like a 5/1 10 year payment plan at 2.44%. The best thing about them is after you have the mortg...

pteam

Here's what we did to save $1700 a year, went from $165 a month to $20 a month for two phones. Cancelled verizon and got http://www.airvoicewireless.com they use at&t's network. Data is expensive on this plan but you won't really need it except in emergencies because your office and home probably ha...

pteam

I think you guys should also look at www.ThirdFederal.com if your in a state they service. Current 5/1 arms are 2.79% plus closing costs or 3.1% with only $495 closing costs. They have other plans like a 5/1 10 year payment plan at 2.44%. The best thing about them is after you have the mortgage with...

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