Search found 1980 matches

by niceguy7376
Fri Jun 22, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: SEP v SIMPLE - Higher Employee Cost but Offset by Tax Savings?
Replies: 28
Views: 1227

Re: SEP v SIMPLE - Higher Employee Cost but Offset by Tax Savings?

If it were me in this situation(280k for both of us and 60k to employee), I will go with Small business 401k with higher employer contribution limit (same like SEP). The main difference is that SEP prevents backdoor roth while 401k allows back door roth.
by niceguy7376
Fri Jun 22, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: SEP v SIMPLE - Higher Employee Cost but Offset by Tax Savings?
Replies: 28
Views: 1227

Re: SEP v SIMPLE - Higher Employee Cost but Offset by Tax Savings?

If employee is not interested in savings, then look into small business 401k so that you can save money on employer contributions if they are NOT contributing.
by niceguy7376
Fri Jun 22, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: How to get cheap flights?
Replies: 18
Views: 893

Re: How to get cheap flights?

achen9291 wrote:
Fri Jun 22, 2018 7:15 am
my question is how do I get cheap roundtrip flights or even free flights that aren't a hassle to deal with before the next 2 weeks?
Are you talking about flights using your miles/points or just plain free?
by niceguy7376
Fri Jun 22, 2018 7:35 am
Forum: Investing - Help with Personal Investments
Topic: I think I am in trouble...way behind where I should be
Replies: 22
Views: 2330

Re: I think I am in trouble...way behind where I should be

Welcome to the forum. It is NEVER LATE, just some roadblocks to reach the destination. Time might have passed but you are now seeing the sunlight and your income is your friend to guide you. Roth IRA - 3500 old 401k - 26K Individual stock -17K Cash - 12K Ignoring the foreign currency and stock in pr...
by niceguy7376
Wed Jun 20, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: SEP v SIMPLE - Higher Employee Cost but Offset by Tax Savings?
Replies: 28
Views: 1227

Re: SEP v SIMPLE - Higher Employee Cost but Offset by Tax Savings?

From a tax perspective, LLC is irrelevant. If you are doing the Corp returns and then bringing the profit as income to your personal tax returns, then any profit after your income(340-60 = 280K) is being charged at the highest tax bracket that you fall under. At those income levels, that would be 24...
by niceguy7376
Wed Jun 20, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: SEP v SIMPLE - Higher Employee Cost but Offset by Tax Savings?
Replies: 28
Views: 1227

Re: SEP v SIMPLE - Higher Employee Cost but Offset by Tax Savings?

I will try to provide my experience with these two plans. We had SEP one year for our S Corp with employee s . We did the 25% of salary contributions to all employees (no limits of any participation on employees part). Then we moved to SIMPLE IRA and we now contribute 3% to all employees that partic...
by niceguy7376
Wed Jun 20, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: What happens to shares in a merger?
Replies: 9
Views: 674

Re: What happens to shares in a merger?

It was a pure cash offer, approved last September. Payout was $134.50 per share, earlier this month. I closed my position last September when this became final, Assuming this is in taxable account: From a tax angle, for the OP this is ataxable event for this year and for you it was a taxable event ...
by niceguy7376
Wed Jun 20, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1116
Views: 87666

Re: To take or not to take delivery of Tesla 3

Do not order or take delivery of a Model 3 is my answer. Thought it was pretty clear but just in case. You have mentioned that around 50 times in this thread. No one needs to read that again and again. Let those that have the reservations (I have one and current price is beyond my financial reach a...
by niceguy7376
Wed Jun 20, 2018 7:52 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1116
Views: 87666

Re: To take or not to take delivery of Tesla 3

DanMahowny and matjen have so much time on their hands to comment on posts that are never an answer to the topic "To take or not to take delivery of Tesla 3"
by niceguy7376
Wed Jun 20, 2018 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Investing HSA and Backdoor Roth IRA
Replies: 9
Views: 860

Re: Investing HSA and Backdoor Roth IRA

In this post chain, FI is Fixed income.

FI can also means Financially Independent in different scenario
by niceguy7376
Tue Jun 19, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: HSA working for a small company
Replies: 4
Views: 256

Re: HSA working for a small company

How long does your wife plan on working there? I would open HSA at the employer recommended bank and get employer share and employee contribution (saving on SS, Medicare, Fed and State taxes) into that account and invest in one fund available there . There is no way for the employer contribution to ...
by niceguy7376
Fri Jun 15, 2018 1:33 pm
Forum: Personal Consumer Issues
Topic: Too much house vs. just enough
Replies: 38
Views: 3369

Re: Too much house vs. just enough

The Planner wrote:
Fri Jun 15, 2018 11:59 am
I am not particularly focused on resale value - though 3-bedroom houses are the most in demand in my country.
Profile says UAE.
So, I have no idea of what a 3 bed room house costs. OP listed that a 4 bedroom costs 110K more.
by niceguy7376
Fri Jun 15, 2018 7:30 am
Forum: Investing - Help with Personal Investments
Topic: 28 with a wife and new baby
Replies: 31
Views: 2075

Re: 28 with a wife and new baby

My wife and I are also interested in having several more children (at least two more, maybe three), and we would rather she become a stay at home mom to do that eventually (but probably not for a few years, she currently works from home and we have access to a cheap-ish nanny). We're also potential...
by niceguy7376
Thu Jun 14, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: SEP v SIMPLE - Higher Employee Cost but Offset by Tax Savings?
Replies: 28
Views: 1227

Re: SEP v SIMPLE - Higher Employee Cost but Offset by Tax Savings?

Clarice wrote:
Thu Jun 14, 2018 3:35 pm

With salaries of $340k and SIMPLE contributions of 3%, that puts total contributions at $10.2k. With SIMPLE contributions of 25%, that puts total contributions at $85k.
You need to correct this statement. There should be one SEP mentioned instead of 2 SIMPLE
by niceguy7376
Wed Jun 13, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8664

Re: [Looking for ways to reduce taxes and keep more of my income]

OP would be better off if they can post more information about incomes, contributions, expenses to receive appropriate guidance. My first post on this topic is to convey that for the level of income and taxes he mentioned, I didnt see any red flags on the % of income that went to taxes. His updated ...
by niceguy7376
Tue Jun 12, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8664

Re: Getting killed on taxes - any ideas?

Let me calculate:
100K a year federal tax on 450K/yr comes out to 22%.
by niceguy7376
Tue Jun 12, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: What are Fido or VG equivalent funds for these?
Replies: 4
Views: 270

Re: What are Fido or VG equivalent funds for these?

mortfree wrote:
Tue Jun 12, 2018 7:37 am
Cue the typical response.

If you were really helping your friend you would tell them they don’t need an advisor.
I am trying to educate myself on what funds i can suggest for him to look at that are equivalents when comparing the returns.
by niceguy7376
Tue Jun 12, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: paying off rental property?
Replies: 9
Views: 568

Re: paying off rental property?

my tax account is usually able to file so that the income from the rental is written off. I make over 300K a year, but with the new tax laws, I'm uncertain what I should. Trying to confirm: With $1150 as monthly rent, $200 as HOA + Warranty and $529 as mortgage interest, you are seeing a net of $40...
by niceguy7376
Tue Jun 12, 2018 7:29 am
Forum: Investing - Help with Personal Investments
Topic: What are Fido or VG equivalent funds for these?
Replies: 4
Views: 270

What are Fido or VG equivalent funds for these?

Hi, I am helping a friend through his conversations with a Investment Advisor. They suggested JHBIX ( John Hancock Bond Fund Class I ) and NASDX ( Shelton Capital Management Nasdaq-100 Index Fund Direct Shares ) as two funds that beat index funds. I am curious to know their equivalent Fido or VG fun...
by niceguy7376
Fri Jun 08, 2018 7:37 am
Forum: Investing - Theory, News & General
Topic: Withdraw from TIRA or Roth, it doesn't matter?
Replies: 14
Views: 1136

Re: Withdraw from TIRA or Roth, it doesn't matter?

How old are you right now?
What you need to consider is what the RMDs will be when you reach that age (70.5)
by niceguy7376
Thu Jun 07, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Insurance companies - any experience with lesser-known companies?
Replies: 7
Views: 770

Re: Insurance companies - any experience with lesser-known companies?

Can they afford to pay off all the claims in a massive localized disaster? If they don't have enough reserves to pay the claims, what good is the insurance? (This is why some of the ACA insurers pulled out of certain markets after the government subsidies ended.) ACA is health related but for gener...
by niceguy7376
Thu Jun 07, 2018 7:36 am
Forum: Investing - Help with Personal Investments
Topic: IRA realized losses and taxes
Replies: 4
Views: 434

Re: IRA realized losses and taxes

Within IRAs or 401ks (either Trad or Roth types), there is no Tax Loss Harvesting.
by niceguy7376
Wed Jun 06, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Remaining 401k Money - Lump Sum or DCA?
Replies: 7
Views: 359

Re: Remaining 401k Money - Lump Sum or DCA?

Is this 22k out of the 18.5*2 limit or the 53*2 limit?

How was the remaining amounts invested this year in the first 5 months?
by niceguy7376
Wed Jun 06, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Buy or Rent as part of job move?
Replies: 5
Views: 445

Re: Buy or Rent as part of job move?

Moving to a new place (new state I assume) and going to retire in 3 years. Do you have any clue/idea of where you WANT to be after you retire in 3 years? This new state or somewhere else? I assume that when you say the employer is taking care of all expenses, you are talking about the buyers side? W...
by niceguy7376
Tue Jun 05, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Flight cancelled. Entitle to any compensation?
Replies: 32
Views: 4639

Re: Flight cancelled. Entitle to any compensation?

Just curious if really 5K miles addition to the account is of any worth.
by niceguy7376
Mon Jun 04, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: new job bigger take home pay
Replies: 15
Views: 1841

Re: new job bigger take home pay

oh sorry so they would be just traditional IRAs (not roth) and we have quite a lot in husband's IRA so that RMDs are getting significantly high. Just for clarification: You are able to get deductible Traditional IRAs or are these NON-DEDUCTIBLE tranditional IRAs? If non deductible, I would rather d...
by niceguy7376
Fri Jun 01, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Easy way to meet minimum monthly transaction thresholds
Replies: 8
Views: 605

Re: Easy way to meet minimum monthly transaction thresholds

That's a nice idea. Once I had to do 3 transactions to get a free $10 or $25 on my USAA credit card. When I went to the gas station, I pumped 2 cents worth of gas three times before filling up the tank with a different cash-back credit card. Those 3 transactions of 6 cents total were enough to get ...
by niceguy7376
Fri Jun 01, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: Any reasons to not put money down for a Tesla Model 3?
Replies: 45
Views: 2906

Re: Any reasons to not put money down for a Tesla Model 3?

ThankYouJack wrote:
Fri Jun 01, 2018 8:11 am
I'll probably also prefer a stick shift over electric but would be nice to save on gas on for environmental reasons.
Is there a stick shift aka manual option in any electric cars on the road? I am a novice asking this question.
by niceguy7376
Thu May 31, 2018 9:09 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1116
Views: 87666

Re: To take or not to take delivery of Tesla 3

For those posters with psi mentioned, do you have the 18 inch or the 19 inch?
by niceguy7376
Thu May 31, 2018 2:02 pm
Forum: Personal Consumer Issues
Topic: steel cut oats in bulk
Replies: 50
Views: 4105

Re: steel cut oats in bulk

Are there other brands that are recommended for steel cut oats in bulk?
I was unable to find this at costco site
by niceguy7376
Thu May 31, 2018 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Request for portfolio advice
Replies: 10
Views: 974

Re: Request for portfolio advice

If you are in 22% bracket after you fully fund a Roth 401k, what bracket would you be if you fund a trad 401k? Is there a chance that you get to 12%?
by niceguy7376
Tue May 29, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Starting a 401k and Roth IRA Advice
Replies: 4
Views: 381

Re: Starting a 401k and Roth IRA Advice

Welcome to the forum.

Do you have any kids since your filing status is Head of Household?

Put bonds in 401k and go with stocks in Roth IRA. Start roth with 1k and buy the basic index funds for say US Stocks. Then you can buy same fund with each subsequent contribution.
by niceguy7376
Fri May 25, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: How to invest $1.4 million inheritance?
Replies: 32
Views: 4400

Re: How to invest $1.4 million inheritance?

UNLESS the market drops 10% or more, and then I will invest the remainder of the lump sum I am a novice in this % calculations. Could someone provide some mathematical examples? Assumption: Today's(5/25) Dow Jonex Index is at rounded up 25000. So when someone says market drop of 10%, are we waiting...
by niceguy7376
Thu May 24, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Can I create a SEP-IRA
Replies: 6
Views: 403

Re: Can I create a SEP-IRA

This is curious.
Do they deduct any taxes on those bonuses and "other" payments?
by niceguy7376
Thu May 24, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: New tax law -LLC vs S-Corp
Replies: 5
Views: 738

Re: New tax law -LLC vs S-Corp

Another angle to look at is that some vendors/clients would want you to have a LLC/S Corp than a Sole prop.
They have a rigid structure of rules and procedures and hence demand this.

Please make sure that your current client/vendor has no such restrictions as well.
by niceguy7376
Thu May 24, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Have a side biz: Should I transfer and then close my biz checking account?
Replies: 11
Views: 768

Re: Have a side biz: Should I transfer and then close my biz checking account?

OP mentioned that he has a EIN and a LLC and not file as S Corp. If you have an EIN, can you still do Sole Prop?

If you have EIN, dont you always have a company name?
by niceguy7376
Wed May 23, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Buy this home?
Replies: 39
Views: 4099

Re: Buy this home?

This may be really gauche, but if your parents and inlaws are part of the reason you are looking for a bigger house, mightn't you ask them to pony up some "rent" for those 2 to 4 months they are staying with you? You could apply it to the principal of the mortgage. Might help you sleep better. Base...
by niceguy7376
Wed May 23, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Have a side biz: Should I transfer and then close my biz checking account?
Replies: 11
Views: 768

Re: Have a side biz: Should I transfer and then close my biz checking account?

Is this your first year with this side biz?
If not, how did you do the tax and filings for prev years.
by niceguy7376
Wed May 23, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Have a side biz: Should I transfer and then close my biz checking account?
Replies: 11
Views: 768

Re: Have a side biz: Should I transfer and then close my biz checking account?

Are you a sole prop or S Corp?
That makes some difference i suppose in terms of money handling
by niceguy7376
Tue May 22, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: How do I tell if Roth conversions are worth the trouble?
Replies: 76
Views: 6103

Re: How do I tell if Roth conversions are worth the trouble?

Since you mentioned short-term and long term capital gains, you did some selling of individual stocks or Mutual funds. Knowing that you had a lump sum, why did you do this transaction? I should have stated that better. Right now I have no short- or long-term gains. I anticipate that before the end ...
by niceguy7376
Tue May 22, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1116
Views: 87666

Re: To take or not to take delivery of Tesla 3

Nissan Leaf and Chevy Volt both have sold about the same number of cars as the Tesla S over the past 5 years. To be honest on Leaf, GA might have been the highest state with Leaf vehicles because of a crooked way that Nissan Dealers got a 5k state credit on leases. A lot of Leaf vehicles were lease...
by niceguy7376
Tue May 22, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: How do I tell if Roth conversions are worth the trouble?
Replies: 76
Views: 6103

Re: How do I tell if Roth conversions are worth the trouble?

Some of both. Wife and I have about $40K annually from non-inflation-indexed pensions. For 2018, I also have a lump sum deferred compensation payment. The rest is mostly dividend income from my taxable brokerage, along with (generally) some short-term and long-term capital gains. Both of our rIRAs ...
by niceguy7376
Mon May 21, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Roth question
Replies: 24
Views: 1627

Re: Roth question

which broker did you do the first contribution at?
by niceguy7376
Mon May 21, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Noob investing, Want to avoid messing this up!
Replies: 16
Views: 1718

Re: Noob investing, Want to avoid messing this up!

Currently investing 6% into 401k at work then another 9% after taxes into the Roth IRA's. Debts: 373k MTG(Southern California - Pre-Ramsey, he would not approve!!), 3.5 Int Rate. About 100k in equity. No other debts. Income: Roughly 80k combined, down from 100k Tax: Married filing jointly, 1 child,...
by niceguy7376
Fri May 18, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: Equity Crowdfunding
Replies: 7
Views: 448

Re: Equity Crowdfunding

jdarvan1 wrote:
Fri May 18, 2018 2:49 pm
Ok great thanks!

I don't suppose you have any personal experience with any equity crowdfunding platforms?
Please share the names of the platforms that you are talking about
by niceguy7376
Fri May 18, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: How does the process work for getting back funds from a Roth?
Replies: 9
Views: 811

Re: How does the process work for getting back funds from a Roth?

geospatial wrote:
Fri May 18, 2018 11:50 am
The 5-year rule applies to withdrawing earnings in a Roth IRA, not the contributions.
I am then wrong.
by niceguy7376
Fri May 18, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: How does the process work for getting back funds from a Roth?
Replies: 9
Views: 811

Re: How does the process work for getting back funds from a Roth?

plan to keep our emergency fund in various Roth accounts (401k, 403b, Roth IRA). The only accounts that you could withdraw the CONTRIBUTIONS (that too after a min 5 year rule) from the above, WITHOUT A PENALTY is a Roth IRA. You need to pay a penalty on a Roth 401k and I assume the same applies to ...
by niceguy7376
Fri May 18, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Fund Roth IRA from taxable to avoid state tax?
Replies: 8
Views: 281

Re: Convert taxable to Roth IRA to avoid state tax?

If by "convert" you mean contribute to Roth IRA each year, there are rules if you and your spouse are eligible to contribute to roth ira. You also mention trad ira existence and that might prevent you getting the full benefit of another method called Back Door Roth. So we need more information to pr...
by niceguy7376
Fri May 18, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Where to aggressively put 60k after 401k and Roth ? Family of 3
Replies: 2
Views: 290

Re: Where to aggressively put 60k after 401k and Roth ? Family of 3

If you are covered for 401k and Roth IRA, then go ahead with taxable with efficient index funds. Make sure that this is NOT part of your emergency fund.
by niceguy7376
Wed May 16, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: 401k loan to get new employer's company match
Replies: 15
Views: 816

Re: 401k loan to get new employer's company match

401k loan does NOT reduce the already contributed limits of this year.