Search found 2687 matches

by niceguy7376
Tue Jun 30, 2020 9:36 am
Forum: Investing - Theory, News & General
Topic: SepIRA
Replies: 7
Views: 446

Re: SepIRA

I'm self-employed, the wife is employed. We max out our Traditional IRAs and her 401K. That allows us to keep our AGI rather low. I am curious as to what income range you two are in when you are able to deduct a trad ira even with spouse having a 401k. What is a normal yearly self employed income f...
by niceguy7376
Tue Jun 30, 2020 8:38 am
Forum: Personal Consumer Issues
Topic: Job candidate sending messages via LinkedIn
Replies: 62
Views: 3527

Re: Job candidate sending messages via LinkedIn

When i was interviewing for contract and full time jobs, I was given the LinkedIn profile links of people that are going to inteview me. I would check out their profiles to understand their background and what type of questions are expected from them. 50% of the time, I was only informed by the 3rd ...
by niceguy7376
Thu Jun 25, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Severance Package Concern - Update #4 and Thank you All
Replies: 97
Views: 7780

Re: HELP: Severance Package Concern - UPDATE #3 ** URGENT GUIDANCE NEEDED **

Thank you, the rule of 73 (age plus years of service) makes eligible for retirement benefits which includes medical/dental/etc.. if I had enrolled on. I am currently not enrolled and they said they will not give me COBRA , will only give to active enrolled. Additionally, I have a gap of few months ...
by niceguy7376
Thu Jun 25, 2020 4:17 pm
Forum: Personal Consumer Issues
Topic: USPS Delivered Front Desk/Reception/Mail Room
Replies: 8
Views: 1259

Re: USPS Delivered Front Desk/Reception/Mail Room

DTalos wrote:
Thu Jun 25, 2020 3:28 pm
niceguy7376 wrote:
Thu Jun 25, 2020 1:07 pm
Is it a new community which doesnt have individual mail boxes at the front of the home but only a locker type facility at the entrance to the community?
Yes
I assume them putting the box into the lockers at that mailbox shows up as such status.
by niceguy7376
Thu Jun 25, 2020 1:07 pm
Forum: Personal Consumer Issues
Topic: USPS Delivered Front Desk/Reception/Mail Room
Replies: 8
Views: 1259

Re: USPS Delivered Front Desk/Reception/Mail Room

Is it a new community which doesnt have individual mail boxes at the front of the home but only a locker type facility at the entrance to the community?
by niceguy7376
Thu Jun 25, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Still Possible to Lower my 2019 Taxes?
Replies: 35
Views: 2210

Re: Still Possible to Lower my 2019 Taxes?

On about 100k Gross income, we will have to pay around 16-18k in Federal taxes alone. Welcome to the forum. For 100k income of MFJ and even with a standard deduction of 24K, leaving 76K as income, I am curious as to why you need to PAY 16-18K in federal taxes alone. That doesnt look right. Rough es...
by niceguy7376
Thu Jun 25, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Severance Package Concern - Update #4 and Thank you All
Replies: 97
Views: 7780

Re: HELP: Severance Package Concern - UPDATE #3 ** URGENT GUIDANCE NEEDED **

After reading your update, I am still NOT clear as to what benefits you will receive for the rule of 73. So what do you mean by "do not qualify for retirement"? You currently do NOT get health ins from them. So you wont take COBRA or get any medical benefits with 73. You are getting 20 weeks severan...
by niceguy7376
Tue Jun 23, 2020 4:27 pm
Forum: Personal Investments
Topic: 401k Plan: How to Reduce Plan Fees?
Replies: 24
Views: 1010

Re: 401k Plan: How to Reduce Plan Fees?

Is this a Solo 401k or a 401k through an employer and you are a W2 employee?

if you are an employee, how big is the company?
by niceguy7376
Tue Jun 23, 2020 4:10 pm
Forum: Personal Investments
Topic: My entire portfolio, per your review, be gentle!
Replies: 34
Views: 5156

Re: My entire portfolio, per your review, be gentle!

Let me give your post a bump. I noticed that there are 3 taxable accounts between the two of you. At your tax bracket and in general most of the scenarios, Bonds are NOT suggested in after tax brokerage account as they spit out dividends. There are also a mutual fund version and ETF version of the s...
by niceguy7376
Sat Jun 20, 2020 7:19 pm
Forum: Personal Investments
Topic: advice buying stocks in private company
Replies: 27
Views: 1190

Re: advice buying stocks in private company

My Take: 1. Employees that left were paid the value of the shares. Since they did not buy initially, they got a profit. - In that case, what was the value of the share they were paid and in which year. 2. What is the current share value being offered to you. If this value didnt change since time abo...
by niceguy7376
Thu Jun 18, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Cadillac health insurance or HDHP with HSA?
Replies: 9
Views: 705

Re: Cadillac health insurance or HDHP with HSA?

My workplace provides employer-funded Cadillac health insurance plan at "no cost." I am paid via K-1 earnings and am taxed on the imputed value of this insurance (which is near $20K). If you are being given a K1, you have a ownership share? If so, wouldnt your HSA eligible HDHP premiums also become...
by niceguy7376
Tue Jun 16, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed: Wiring internationally and need an intermediary bank
Replies: 5
Views: 329

Re: Help needed: Wiring internationally and need an intermediary bank

Never heard of this req.
Who is asking you to use an intermediary bank? Your own bank that has the money or the receiving foreign bank?
More details about the banks of source and destination might help.
Also, have you looked at transferwise or other such options?
by niceguy7376
Tue Jun 16, 2020 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing 6.625% interest rate on mortgage
Replies: 16
Views: 1198

Re: Reducing 6.625% interest rate on mortgage

OP is slowly divulging more info. Started off with acquaintance and now more or less talks about the mortgage is in their name but they are not US Citizens. OP, please provide more details or go and search forum for a huge thread on refinancing. Is this loan on your name? What is the loan amount and...
by niceguy7376
Tue Jun 16, 2020 10:02 am
Forum: Personal Investments
Topic: Graduating resident new to investing
Replies: 16
Views: 1023

Re: Graduating resident new to investing

Welcome to the forum. Your current NWM brokerage account is small enough (in the big picture of your Income from next year) to clean it up this year. Move it to Fido or VG or Etrade, put all in one single index stock fund so as to limit the tax issues going forward. I will open Roth IRAs also at Fid...
by niceguy7376
Tue Jun 16, 2020 7:44 am
Forum: Personal Investments
Topic: Help me Built a Dividend Growth Investment Portfolio [new thread]
Replies: 25
Views: 1720

Re: Help me Built a Dividend Growth Investment Portfolio [new thread]

Our financial advisor has been pushing my wife and I to "live on the income and save the ($30M) investments for our kids." our advisor is not a fan and has been pushing us to change our investments to income producing instead of the 3FP we have now. Above two sentences are either contradicting each...
by niceguy7376
Mon Jun 15, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing default student loans so I can buy a house...
Replies: 18
Views: 1244

Re: Refinancing default student loans so I can buy a house...

Welcome to the forum OP. I understand you are not asking the standard portfolio questions but there is some critical info missing to provide a custom made solution. What is your age? Income and Debt Amounts? You are selling RSU to cover relocation and visiting family. This means that you did not hav...
by niceguy7376
Mon Jun 15, 2020 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for 1099 employee
Replies: 6
Views: 361

Re: Tax saving strategies for 1099 employee

What tax deferral strategies for retirement account can I use? E.g. can I use both solo 401k and sep IRA etc. As a 1099 in your doctor profession, I dont know what are the criteria to decide between S corp/Sole Prop. I didnt mention LLC because from tax perspective, that is not an available option....
by niceguy7376
Mon Jun 15, 2020 1:41 pm
Forum: Personal Consumer Issues
Topic: Trip to SLC , Utah
Replies: 27
Views: 1954

Re: Trip to SLC , Utah

stoptothink wrote:
Mon Jun 15, 2020 7:39 am
Kennecott is mind-blowing, but the tour (if it is being run ATM) was shockingly expensive ; like $80/person if I remember.
Rio Tinto Kennecott is only $5 per person.
by niceguy7376
Mon Jun 15, 2020 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Self Employed and IRA Contributions
Replies: 24
Views: 897

Re: Self Employed and IRA Contributions

Are we talking about 2019 tax filing? If so, what is your Income for the year? Did you have any W2 job or is it just Self employed. If Self employed, is this all Sole Prop? If so what is the income before expenses? I believe that solo 401k amount should be 20% of Income for Sole Prop. What is your f...
by niceguy7376
Fri Jun 12, 2020 7:24 am
Forum: Personal Consumer Issues
Topic: VISA Cash card
Replies: 13
Views: 646

Re: VISA Cash card

I'd like to buy a VISA card for my daughter as she does a road trip to visit us. Looking to purchase a pre-paid card for $500 and wondering the best way to do so. Anyone done this recently? Thanks Jeff Go to Walmart, Walgreens, Office Depot or your local major grocery store and purchase the card. W...
by niceguy7376
Thu Jun 11, 2020 1:15 pm
Forum: Investing - Theory, News & General
Topic: Small business retirement (Guideline vs Employee Fiduciary)
Replies: 14
Views: 683

Re: Small business retirement (Guideline vs Employee Fiduciary)

I think the usage of certain words raised the flags with Guideline. You can amend the current Solo 401k plan by closing it with no contributions for 2020 and open one at Guideline for 2020 and start afresh. Do not rollover the current balance into your new account at guideline. It might not have bee...
by niceguy7376
Thu Jun 11, 2020 1:08 pm
Forum: Investing - Theory, News & General
Topic: Paychex/Gusto/ADP vs a la carte
Replies: 7
Views: 311

Re: Paychex/Gusto/ADP vs a la carte

We use gusto for payroll and their licensed agent to get Health Ins quotes. Unfortunatly, we dont have the min reqd 2 employees participating in health ins and thus wont have that for next year. We are in process of moving our Business Ins agent from Techinsurance to Gusto (as we already have worker...
by niceguy7376
Thu Jun 11, 2020 10:25 am
Forum: Investing - Theory, News & General
Topic: Small business retirement (Guideline vs Employee Fiduciary)
Replies: 14
Views: 683

Re: Small business retirement (Guideline vs Employee Fiduciary)

While we strive to serve small businesses, we cannot accept solo(k) conversions because solo(k) plans have ambiguous recordkeeping requirements that are incompatible with Guideline’s automated recordkeeping system. Are they saying: 1. That they cannot offer a small business 401k to your company in ...
by niceguy7376
Thu Jun 11, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Paychex/Gusto/ADP vs a la carte
Replies: 7
Views: 311

Re: Paychex/Gusto/ADP vs a la carte

If Paychex was payroll provider and 401k provider, they should take care of any issues related to compliance. Looks like Paragon is a benefits provider. Could you give some background on current big picture? Based on your other posts that are relevant to this topic, your company was paying the offic...
by niceguy7376
Thu Jun 11, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Moderately Complicated 401K Question (True-Up, Safe Harbor, Compliance)
Replies: 8
Views: 537

Re: Moderately Complicated 401K Question (True-Up, Safe Harbor, Compliance)

Let us talk only for 2019:
Did you get "Safe Harbor Matching Contributions"? Is there still a discussion on this? If you got it only till mid year but not for remaining year, let us know.

So a "True Up" that you are still waiting for 2019 is for the Non-discretionary Matching Contributions?
by niceguy7376
Thu Jun 11, 2020 9:17 am
Forum: Investing - Theory, News & General
Topic: Paychex/Gusto/ADP vs a la carte
Replies: 7
Views: 311

Re: Paychex/Gusto/ADP vs a la carte

Is your colleague a single employer or has employees just like you? What exactly is ruin a 401k mean? Is it the issue with deposits and such into employee accounts? REMEMBER, going from a solo Employee/Employer to being an EMPLOYER of 12 people is a huge new workload that you have not faced before. ...
by niceguy7376
Tue Jun 09, 2020 9:04 am
Forum: Personal Finance (Not Investing)
Topic: What mortgage can we afford?
Replies: 26
Views: 2078

Re: What mortgage can we afford?

Cantsave2much wrote:
Tue Jun 09, 2020 1:07 am
I don't think we could afford both mortgage payments, especially not without the other home rented out.
So you need to find a home, buy it, move into it and then rent out the existing home. In that scenario, would you be approved for new home loan?
by niceguy7376
Mon Jun 08, 2020 8:55 pm
Forum: Investing - Theory, News & General
Topic: Fidelity retirement plan for small business
Replies: 6
Views: 314

Re: Fidelity retirement plan for small business

I'm coming off maxing a solo 401k for myself and doing half of one for my wife, so we were essentially able to put away 100k per year with those two plans, our family HSA and two backdoor Roths. HSA of 7K and two roths of 13K equates to 20K. If you putting 80K between you and wife on Solo 401k, the...
by niceguy7376
Mon Jun 08, 2020 8:40 pm
Forum: Investing - Theory, News & General
Topic: Payroll services & benefits (health / retirement) question
Replies: 4
Views: 298

Re: Payroll services & benefits (health / retirement) question

We use gusto for payroll and they have licensed agents to offer health ins. They partner with other companies to offer 401k (guideline), Business Insurance and workers comp (AP Intego) so that you will have it as Integrated solution. We already had SIMPLE IRA plan with fidelity when we moved payroll...
by niceguy7376
Sun Jun 07, 2020 9:42 am
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 341
Views: 41116

Re: How much is your cell phone bill?

Cricket Grandfathered plan - $100 including taxes for 5 people. 4gb high speed internet and then low speed per month. Unlimited talk and text. In the last two weeks, bought cricket recharge cards at Target ($5 off $50 and then 5% red card discount = $85.5 per $100 monthly bill) and Kroger (39% off $...
by niceguy7376
Thu Jun 04, 2020 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Hourly rates with a Vendor/Contract type work
Replies: 42
Views: 1499

Re: Hourly rates with a Vendor/Contract type work

OP says they get Health Ins, paid vacation but then mentions they are paid hourly rate. In that case, I am expecting that OP is paid for national holidays and for those 4 weeks as well. So if his "Employer" is billing client at 110/hr and paying the OP for 52 weeks at $65/hr and provides Health Ins ...
by niceguy7376
Mon Jun 01, 2020 10:19 am
Forum: Personal Consumer Issues
Topic: Tesla Model Y
Replies: 233
Views: 22368

Re: Tesla Model Y

Looks like demand is collapsing. https://electrek.co/2020/05/30/tesla-accelerates-model-y-delivery-timeline/ "Collapsing" as in DJIA dropping from 29K to 19K? Which cars of any maker sold more in last 3 months (Mar to May) compared to the 3 months prior? Because it doesnt have Dealers and price is ...
by niceguy7376
Tue May 19, 2020 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 284
Views: 20057

Re: Optimizing PPP Forgiveness

A general Q about the PPP program. Say, I have a S Corp with 100 employees in Software Consulting domain. I did not lay off any nor hire any in the first two quarters of 2020. We ran the same payroll across those months. If I applied and got whatever the max amount that our company is eligible, do I...
by niceguy7376
Wed May 13, 2020 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding on refinance, confused about closing costs
Replies: 9
Views: 1019

Re: Deciding on refinance, confused about closing costs

I have the below charges under
C. Services You can shop for
TITLE - Closing Protection Letter - $50
TITLE - Documentation Preparation - $100
TITLE - Lender's Title Policy - $475
TITLE - Settlement / Closing Charges - $675

How can I shop for the last two charges? I am in Metro Atlanta area
by niceguy7376
Wed May 13, 2020 11:21 am
Forum: Personal Investments
Topic: Cash out refi to invest 100k
Replies: 30
Views: 2285

Re: Cash out refi to invest 100k

dual income home, no kids, 47 years old. max out all retirement accounts available (Trad 401k, Roth 401k, 2 roth IRAs, HSA) plus put about 10-20k per year into taxable brokerage, and have 6 months emergency fund in online savings account at 1.6%interest. 5 years into a 30 year mortgage. 3.75% origi...
by niceguy7376
Mon May 04, 2020 12:31 pm
Forum: Personal Consumer Issues
Topic: "Knock" sound when turning right
Replies: 19
Views: 1106

Re: "Knock" sound when turning right

Could be the intermediate steering shaft. https://www.siennachat.com/threads/intermediate-steering-shaft-issue-on-3rd-gen.4256/ I have a 2012 Highlander with a slight knock/thump sound and feeling in the steering wheel when turning at low speeds under certain conditions. It's done this for years an...
by niceguy7376
Mon May 04, 2020 12:19 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Membership Question [Considering to drop membership]
Replies: 136
Views: 9459

Re: Amazon Prime Membership Question

LilyFleur wrote:
Mon May 04, 2020 11:51 am
Last week I was able to get Instacart to shop for me at Costco, so that was great.
I was surprised at how much margin instacart has on regular costco prices. I think you need to compare costco/instacart with amazon fresh for cost benefit analysis
by niceguy7376
Mon Apr 20, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Take FMLA or Telework?
Replies: 19
Views: 1150

Re: Take FMLA or Telework?

Is FMLA paid by Employer or the state or federal govt? This is a newbie question on the FMLA topic
by niceguy7376
Sat Apr 18, 2020 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Non Qualified Deferred Comp Plan and 401k?
Replies: 13
Views: 439

Re: Non Qualified Deferred Comp Plan and 401k?

Hi all, My husband participates in a NQDC plan in his full time job. Can we still make a contribution for him in the solo 401k that i have set for my LLC? Turbotax is treating it as an excess contribution. Does anyone know? Thinking about making an additional contribution for 2019 if it is allowed....
by niceguy7376
Mon Apr 13, 2020 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Fun with Progressive Taxes--can you check my math?
Replies: 30
Views: 1712

Re: Fun with Progressive Taxes--can you check my math?

I am not an expert to look at the calculations but I have a question.
What will be the RMDs that you need to take - Was this considered in your calculation?
by niceguy7376
Sat Apr 11, 2020 7:35 pm
Forum: Personal Investments
Topic: Ponzi Scheme?
Replies: 215
Views: 17709

Re: Ponzi Scheme?

SansaStark wrote:
Sat Apr 11, 2020 3:20 pm
He offers clientele 10% annual returns on their investment which the client could choose to receive in the form of a 1099 either semi-annually or annually.
Could you ask your parents for the 1099 that list the amount they received so far?
by niceguy7376
Fri Apr 10, 2020 9:00 am
Forum: Personal Consumer Issues
Topic: Water Filter-Reverse Osmosis on Countertop
Replies: 7
Views: 540

Re: Water Filter-Reverse Osmosis on Countertop

If you could share a weblink or any info on where you heard, it might help others in responding. I have noticed wall mounted systems that have an input pipe and two outlets - one for filtered water and one for discarded water (Reverse Osmosis generates 1 gallon of filtered water for every 3 gallons ...
by niceguy7376
Thu Apr 09, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: 34 year old with young family, financial checkup
Replies: 14
Views: 1490

Re: 34 year old with young family, financial checkup

I would rather do full 401k and spousal roth ira first than do $600 a month to kids 529.
As for 401k amount being half to roth and half to trad, I would prefer full trad so that any tax savings can be contributed to roth for spouse.
by niceguy7376
Tue Apr 07, 2020 7:02 am
Forum: Personal Finance (Not Investing)
Topic: To Refi or not to Refi
Replies: 3
Views: 408

Re: To Refi or not to Refi

What are you aiming to achieve with refinance? 1. Low APR but same 20 year term? 2. Low APR and term (like 15 years)? 3. Lower term than the current 14 years remaining? Generally, I have noticed (for homes that are a bit more in value) that any loans for amounts less than 100k dont get the best rate...
by niceguy7376
Mon Apr 06, 2020 1:40 pm
Forum: Personal Investments
Topic: Windfall: Insight Appreciated
Replies: 21
Views: 1118

Re: Windfall: Insight Appreciated

Ignoring the windfall, you are in 22% bracket but were only doing 1% to a 401k ($900)? I see no other savings. So is your expenses literally 75k+?
by niceguy7376
Wed Apr 01, 2020 6:41 pm
Forum: Personal Investments
Topic: Taxable accounts?
Replies: 6
Views: 554

Re: Taxable accounts?

Hi, I will give you a bump so that experienced folks can provide better insights.
With 18% contribution to 401k, are you going to reach the limit?

From my personal experience, I have a small taxable account and i invest in total stock.
by niceguy7376
Tue Mar 31, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Tax Filing & HSA/Roth IRA timelines
Replies: 1
Views: 134

2019 Tax Filing & HSA/Roth IRA timelines

Folks, Here is my conundrum. We had a rough last two years in terms of income and thus are in mid 5 figures of yearly income for last year. We had HSA plan through our own company. We have not contributed to HSA or Roth IRA (two of us) yet. We do NOT want to lose that opportunity but current cash fl...
by niceguy7376
Sat Mar 28, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 12798

Re: How are you going to use your stimulus money?

We are the small minority here - None of the numbers of our 1040 are in 6 digits. I have not yet filed 2019 because I didnt have enough to contribute to HSA & Roth IRA. Need to research more on when this deposit is expected.
by niceguy7376
Sat Mar 28, 2020 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Single member s-Corp and stimulus bill
Replies: 22
Views: 809

Re: Single member s-Corp and stimulus bill

mtwhmemn wrote:
Sat Mar 28, 2020 7:52 am
I'd just lose the protection an S-Corp provides in terms of liability.
What industry are you in? What Insurance coverage can you get as a S Corp that you cannot get as Sole Prop? Curious to know.
by niceguy7376
Tue Mar 24, 2020 11:53 pm
Forum: Investing - Theory, News & General
Topic: Betterment users - how is TLH working right now?
Replies: 2
Views: 424

Re: Betterment users - how is TLH working right now?

How many different funds do they rotate to not go under wash sale?