Search found 2087 matches

by niceguy7376
Wed Sep 19, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Any consultants out there who do work in CA from out-of-state?
Replies: 1
Views: 205

Re: Any consultants out there who do work in CA from out-of-state?

If your company places an employee at a CA client site, then your company needs to register in CA and at end of year file a yearly return with a min 1k fee (to Franchise Board).

Accordingly, you need to have Company Insurance for the CA location.
by niceguy7376
Mon Sep 17, 2018 3:07 pm
Forum: Personal Consumer Issues
Topic: Overnight near Atlanta?
Replies: 30
Views: 1454

Re: Overnight near Atlanta?

Next year trip on a weekend night in Atlanta - You should be ok unless you are doing the drive during superbowl weekend (it is in atlanta). As for hotels, every other exit from around Dalton (one hr north) to Macon (1 hr south ) will have hotel rooms available. You can either go with the flow or mak...
by niceguy7376
Mon Sep 17, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Cheap Flights
Replies: 23
Views: 2171

Re: Cheap Flights

Check the websites of the airports of your start and end locations to find which airlines fly there.
There are several airlines that might not come up on third party sites.
Examples would be Southwest, Spirit, Frontier, Allegiant Air etc.
by niceguy7376
Mon Sep 17, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 90
Views: 3951

Re: Dilemma: Add room to current house or buy new house?

OP here. The new room will be a sunroom. Basically we have a massive deck adjoining our kitchen. We will cut it in half and put a room there in parallel to the kitchen (opens up kitchen and dining area). The new room will definitely make her happy because currently the kitchen/dining area is crampe...
by niceguy7376
Sat Sep 15, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes+Health Insurance (Recent Marriage, Baby OTW)
Replies: 25
Views: 1370

Re: Taxes+Health Insurance (Recent Marriage, Baby OTW)

Looking at the plan costs, it may make more sense for me to keep myself the only individual on my HDHP plan, since the HSA funds can automatically be used for my family. My wife would just add the baby to her plan (much cheaper since it's a hospital). I am really curious/doubtful about using HSA fu...
by niceguy7376
Sat Sep 15, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Could I open two Solo 401 [Solo 401(k)s]
Replies: 17
Views: 1011

Re: Could I open two Solo 401 [Solo 401(k)s]

I assume you can only have one active plan. You can close the VG, open Fido and do the rollover from VG to Fido and then do the rollover of 403b.

Question then is if VG will then allow the transfer from Fido

Also, do you earn more than 180k to contribute the max 55k into solo 401k?
by niceguy7376
Thu Sep 13, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Employer 401k match for student loan repayment?
Replies: 3
Views: 215

Re: Employer 401k match for student loan repayment?

Never heard anything on this.
Care to share any news link about what you are talking about?

This doesnt pass the smell test of being possible or allowed; that too for self employed.
by niceguy7376
Wed Sep 12, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k at Wells Fargo
Replies: 7
Views: 426

Re: Solo 401k at Wells Fargo

Wish the OP who has been a memeber of this forum since 2012 read related posts before they went with Wells Fargo I also dont understand when OP says " I gave them two EINs. One for my business (myself) and one for my solo 401k plan." Are the EINS different? Also what do you mean by "I expected this ...
by niceguy7376
Tue Sep 11, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Should I be a contractor or employee (from an investing perspective)?
Replies: 7
Views: 778

Re: Should I be a contractor or employee (from an investing perspective)?

In my business, I’m currently taking a salary just large enough so I can fully max my Roth 401k. I’m thinking of lowering my salary/switching to being a 1099 in my LLC to save on payroll taxes (which right now are around 12k/yr) I am confused. You currently own a business and take a salary (but why...
by niceguy7376
Sun Sep 09, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Convert Traditional IRA to Roth, and How Do I Pay Estimated Tax
Replies: 31
Views: 2281

Re: Should I Convert Traditional IRA to Roth, and How Do I Pay Estimated Tax

I DONT see any benefit of converting TIRA to Roth IRA this year. Why do you want to do it this year? What was your income the last 7 years? You should first be worried about the contribution you made to TIRA this year as it wont be tax deductible. After looking at many recent posts of contributing e...
by niceguy7376
Fri Sep 07, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Safely maxing out allowed contributions to individual 401k plan?
Replies: 6
Views: 648

Re: Safely maxing out allowed contributions to individual 401k plan?

How is her business set up? sole prop or S Corp?

Where did you open the solo 401k?

How much income are you expecting from business this year?
by niceguy7376
Thu Sep 06, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: Phone Calls from Windows saying computer has Malware
Replies: 40
Views: 2073

Re: Phone Calls from Windows saying computer has Malware

I dont think Microsoft (maker of Windows) is staffed enough to run diagnostics on your machine and then link the machine to your phone to call and let you know about it. It is a pure scam call. I assume those that dont even have a windows machine (ipads and iphones and mac machine owners) might also...
by niceguy7376
Thu Sep 06, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Traditional to SEP transfer?
Replies: 7
Views: 351

Re: Traditional to SEP transfer?

I dont see any benefit of moving trad to SEP. I would just move the trad as is to vanguard and apply the Asset Allocation % across all accounts.
by niceguy7376
Wed Sep 05, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: 401k/SEP IRA advice
Replies: 10
Views: 558

Re: 401k/SEP IRA advice

It is a requirement that you need to report from the year that the balance exceeds 250K.
by niceguy7376
Wed Sep 05, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: 401k/SEP IRA advice
Replies: 10
Views: 558

Re: 401k/SEP IRA advice

Your contribution to Trad IRA is definitely a non deductible. In general, these are not encouraged compared to a taxable account.
by niceguy7376
Mon Sep 03, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: 1M mortgage and/or dip into IRA/Roth accts
Replies: 7
Views: 1091

Re: 1M mortgage and/or dip into IRA/Roth accts

Welcome to the forum. I am not understanding your question. You want to buy a home with a loan of 1 million (and a down payment) or full mortgage with NO down payment? Would you get a loan approved for those amounts with a 100K income? (even if you dont tell them that you two are retiring in 4 years)
by niceguy7376
Mon Sep 03, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: Maxiclimber vertical climber-$200 purchase, $202 back
Replies: 4
Views: 691

Re: Maxiclimber vertical climber-$200 purchase, $202 back

Hope you have a nearby sears store now and for another 6 months.
by niceguy7376
Sat Sep 01, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Rental properties - Sell at a loss or hold on?
Replies: 14
Views: 1508

Re: Rental properties - Sell at a loss or hold on?

Welcome to the forum KWheel. In general, I would personally recommend that you go to biggerpockets.com forum as they are more involved in real estate related topics. From my perspective: Looks like your properties did NOT appreciate and thus that is a serious reason for selling. Property values acro...
by niceguy7376
Fri Aug 31, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: keep rental condo?
Replies: 19
Views: 1317

Re: keep rental condo?

In a different perspective, you get $100 left over every best scenario month and pay $80 as PMI. So those two pretty much even out. Then you are left with all the cashflow risk on rental for any repairs or vacancies. The property tax of 240 and HOA of 360 - for a grand total of $600 per month is a h...
by niceguy7376
Thu Aug 30, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: Interesting Chart shows all the "crash calls" made by gurus since 2012
Replies: 9
Views: 1186

Re: Interesting Chart shows all the "crash calls" made by gurus since 2012

I have been preaching the same since 2013 but I dont see mine in there. Need to research what makes a "guru"
by niceguy7376
Thu Aug 30, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: Health Insurance Terminated, Can't Reinstate
Replies: 11
Views: 1920

Re: Health Insurance Terminated, Can't Reinstate

Wouldnt a loss of coverage be considered an event (not getting the correct word) that allows you to get new quotes for rest of the year?
by niceguy7376
Thu Aug 30, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Weird Announcement From PNC Bank
Replies: 16
Views: 2735

Re: Weird Announcement From PNC Bank

I am assuming that the only checks that will be eligible will be other PNC bank customers.
So when you request for immediate cash, they can check if the check writer has amount more than the check amount and take 2% cut from you and give you cash.
by niceguy7376
Wed Aug 29, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: retired. should i convert my pre tx 401k to a roth
Replies: 13
Views: 1128

Re: retired. should i convert my pre tx 401k to a roth

Your wife earns 150K per year and you get pension of 55k and SS of 25K. Is that enough for your living expenses or you need more? Will your wife be still employed when you turn 70.5? Do you want to take out more money from your 401k (450k balance after 100k withdraw)? I am concerned of some of the s...
by niceguy7376
Wed Aug 29, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Cash Flow From Real Estate - Personal Advice on Beginning?
Replies: 18
Views: 1589

Re: Cash Flow From Real Estate - Personal Advice on Beginning?

just some frank questions

How much student loan did you have when you started job that you currently earn 45K salary?
Do you plan on living in and renting out other parts of SFH or multi unit that you plan to purchase
How much loan do you get based on 50k down and your current income?
by niceguy7376
Wed Aug 29, 2018 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Rollover Question: tIRA to 403b
Replies: 9
Views: 298

Re: Rollover Question: tIRA to 403b

Just to be sure: are both of your current trad IRAs only having deductible contributions?
by niceguy7376
Tue Aug 28, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: thinking of paying off mortgage pls help
Replies: 49
Views: 2573

Re: thinking of paying off mortgage pls help

They are in individual stocks (biotech company where my husband worked for many years). I would be selling them slowly in the couple few years as they have gone up considerably in the past year. As muc as possible, I would like to be tax efficient. Before the year ends, I will surely sell a conside...
by niceguy7376
Tue Aug 28, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Retirement planning for self employed mother
Replies: 4
Views: 376

Re: Retirement planning for self employed mother

What is her job ? How much income does she bring?
by niceguy7376
Mon Aug 27, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: S-corporation question related to retirement
Replies: 6
Views: 407

Re: S-corporation question related to retirement

How do you defer salary in an S-Corp? No other employees, just myself. It would be better for you if you could post all your questions with relevant info at once. You started with retirement plan and now ask about salary deferral. In general for a Single person S Corp, you run payroll to the employ...
by niceguy7376
Mon Aug 27, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.
Replies: 80
Views: 13491

Re: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.

I am not clear if OP said he is NRA for residency purposes - which means he lives in USA but not a US Citizen.
But then how can he live in USA legally is the next question.
Maybe OP can provide clarity as to any relationship with USA or not.
by niceguy7376
Mon Aug 27, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Switching my HDHP To Spouses, Keep HSA
Replies: 6
Views: 348

Re: Switching my HDHP To Spouses, Keep HSA

Her employer does not offer an HSA or direct-deposit (like mine does) but they do state emphatically that the HDHP is HSA-compliant. We have met 100% of our deductible for the year but I have no reason to believe (or not believe) that we will have $500 in costs remaining this year. You might have m...
by niceguy7376
Mon Aug 27, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: bank safety deposit box alternative
Replies: 17
Views: 1538

Re: bank safety deposit box alternative

In our areas of suburban Atlanta, the safety deposit boxes have a long waiting lines and they are NOT cheap. We pay in $100 range for mid size box at Bofa.

Due to local branch closings by multiple banks, the waiting list only gets added with new people.
by niceguy7376
Sun Aug 26, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Recast plus lump sum prepayment -
Replies: 11
Views: 890

Re: Recast plus lump sum prepayment -

Looks like this new home purchase is going to be tight on your monthly budget. You are also NOT maximizing your 401k and IRAs With the sale of the old home, I would first try to hit the max on the 401k and IRAs for this year (say 10K). If the extra 500 that you put towards car loan gives you the com...
by niceguy7376
Sun Aug 26, 2018 6:21 pm
Forum: Investing - Theory, News & General
Topic: Roth 401K only Plan version offered? - Local BH question
Replies: 5
Views: 352

Re: Roth 401K only Plan version offered? - Local BH question

Any employer match should go into trad 401k ONLY.
by niceguy7376
Sun Aug 26, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Why own 401k and traditional IRA?
Replies: 25
Views: 1503

Re: Why own 401k and traditional IRA?

No one recommends to have a trad ira that is NOT DEDUCTIBLE. In those scenarios, it is recommended to have ROTH IRA (higher MAGI than deductible trad ira) or just taxable accounts.
by niceguy7376
Thu Aug 23, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up a new 401k as an employer - costs
Replies: 8
Views: 509

Re: Setting up a new 401k as an employer - costs

guideline.com is another option that I heard in this forum
by niceguy7376
Thu Aug 23, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Paying Prop Taxes - No mortgage
Replies: 20
Views: 2474

Re: Paying Prop Taxes - No mortgage

We pay property taxes to county in GA. They are due in Sep /oct and i have not noticed any discounts or installment plans. I did NOT escrow when we bought the house through mortgage. County charges 2.5% for Credit card processing. I take a new card each year that is offering a very good bonus for sp...
by niceguy7376
Thu Aug 23, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Company 401k contbr capped as % of paycheck
Replies: 24
Views: 1995

Re: Company 401k contbr capped as % of paycheck

There are company policies on what is the max % of your pay that you can contribute to 401k. roth 401k and trad 401k for you as employee totals 18.5K and thus that wouldnt make much difference in your scenario. Even if employee contributes to roth 401k, employer match is always in trad side On a sid...
by niceguy7376
Tue Aug 21, 2018 1:30 pm
Forum: Personal Consumer Issues
Topic: Graduate Degree Mistakenly (?) Conferred - What to Do? [solved]
Replies: 76
Views: 7240

Re: Graduate Degree Mistakenly (?) Conferred - What to Do?

TIAX wrote:
Tue Aug 21, 2018 1:25 pm
Uh, no. The purpose of most graduate degrees is for the resume. I think he can live without having to write a thesis. OP has no duty to approach the University to rescind his degree.
In that case, how should OP answer any interview question of "what is your educational qualification"?
by niceguy7376
Mon Aug 20, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Mega Back Door Roth IRA - possible or not?
Replies: 8
Views: 699

Re: Mega Back Door Roth IRA - possible or not?

If I have solo 401K, Roth IRA, TIRA, am I able to use solo 401K and TIRA for Mega Back Door Roth IRA? Since your question/situation is different than OP, please start a new thread so that answers dont comingle. In your case, your solo 401k should allow for the same (after tax and then rollover). Mo...
by niceguy7376
Fri Aug 17, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: My Wife is going to do an independent contracting job-401k?
Replies: 10
Views: 715

Re: My Wife is going to do an independent contracting job-401k?

Is this your spouse only job or does she have another job as employee and this is a self employed job?
by niceguy7376
Fri Aug 17, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Maternity Leave and Open Enrollment - Insurance costs
Replies: 7
Views: 615

Re: Maternity Leave and Open Enrollment - Insurance costs

rasputin wrote:
Thu Aug 16, 2018 9:13 pm
but healthcare is only covered by her employer for the first month.
Does it mean that you/spouse needs to pay full amount of health insurance while she is on maternity leave OR health insurance coverage stops after one month of maternity leave?
by niceguy7376
Thu Aug 16, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a condo or invest the money saved?
Replies: 3
Views: 522

Re: Buy a condo or invest the money saved?

WOW, 450 sq ft for $165000 for a building built in 1920s?
Which city is this?
by niceguy7376
Wed Aug 15, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: modify 401(k) plan for increased savings or let it ride?
Replies: 4
Views: 501

Re: modify 401(k) plan for increased savings or let it ride?

Is this a solo 401k plan that you are talking about. What modifications can you do to get more self match into the option 2?
by niceguy7376
Mon Aug 13, 2018 1:47 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 108
Views: 8098

Re: Can I buy a Tesla?

Congrats. Where are you charging it? Trying to understand the background behind the question. Is it that he cannot afford power at home to charge the car or that he lives in a remote part of the country (and be a doctor with no patients) where he needs to drive tens of miles without a charging netw...
by niceguy7376
Mon Aug 13, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: What to ask agent when seeking to cash out of Whole-Life policy?
Replies: 28
Views: 1983

Re: What to ask agent when seeking to cash out of Whole-Life policy?

If i understand it right, you paid $136/month * 12 months * 30 years = $48960 and you get $27000 now?
by niceguy7376
Mon Aug 13, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Small business owner, mid 30s, doing great, clueless with investments
Replies: 22
Views: 2121

Re: Small business owner, mid 30s, doing great, clueless with investments

I am not an expert in recommending the investments to you as your situation is different than mine (income and expense levels, need to have cash for business etc). For a highly market dependent job scenario, i would recommend a bit more of belt tightening and plan for rocky times ahead. Based on you...
by niceguy7376
Fri Aug 10, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25046

Re: Invest in Tesla?

DanMahowny wrote:
Fri Aug 10, 2018 9:18 am
Apple is the 2nd most shorted stock. They seem to be doing pretty well.
Atleast for our forum sake,Apple doesnt have posters like you preaching the same thing for the last 10+ months.