Search found 2324 matches

by niceguy7376
Tue Jul 16, 2019 1:11 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 458
Views: 35622

Re: Talk me out of buying a Tesla Model 3

Forget a private company. I am still waiting for a wall as promised nearly 4 years back. All those are just that - Promises. Do you really document every promise that someone said (even if it is not relevant to you) and check back every so often? If so, please do provide your list here for our own r...
by niceguy7376
Mon Jul 15, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Any gotchas converting from SEP IRA to Solo 401K?
Replies: 3
Views: 232

Re: Any gotchas converting from SEP IRA to Solo 401K?

Did she already contribute to SEP for 2019 year? If so, I dont think she can have Solo 401k also opened and contributed for same year. SEP is a % of salary contribution. How did she contribute already for this year? What are the revenue that the business will bring? Is your spouse a Sole Prop or S C...
by niceguy7376
Fri Jul 12, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: Google fi users - happy with it and recs?
Replies: 32
Views: 3094

Re: Google fi users - happy with it and recs?

We have been on cricket for 5+ years paying $100 for 5 (grandfathered). We recently took Google FI service (our individual gmail accounts already had google voice and so used a different gmail account) for wife and kids to use while on one day layover in France. We inserted the SIM into our iphone X...
by niceguy7376
Thu Jul 11, 2019 10:51 am
Forum: Personal Consumer Issues
Topic: WaPo: "Mobile Passport" is the best-kept secret in air travel
Replies: 47
Views: 6460

Re: WaPo: "Mobile Passport" is the best-kept secret in air travel

I have just used the free version Mobile Passport last week in ATL. I downloaded the App 2 days ahead of my arrival and scanned my passport and took a selfie and saved it. Once i landed in ATL, i then selected the port of entry (because it says not to complete the process if you are more than 4 hour...
by niceguy7376
Mon Jul 08, 2019 8:33 pm
Forum: Personal Consumer Issues
Topic: Dealer shows trade-in value much higher to avoid sales tax
Replies: 34
Views: 3536

Re: Dealer shows trade-in value much higher to avoid sales tax

OP,
I never leased a vehicle and thus that area is new to me.
I am more concerned about your leased vehicle and what this trade in value does to your lease when you return it. It might not impact but look more into that first.
by niceguy7376
Mon Jul 08, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Invest in rental property while still renting?
Replies: 13
Views: 946

Re: Invest in rental property while still renting?

OP, What are your thoughts of buying a home for you two to live in? How different is this house from being your own house to live in? If you like the house and the area, why dont you think of buying it to live in and then maybe 4 to 5 years later move to a bigger house for yourself and turning this ...
by niceguy7376
Mon Jul 08, 2019 1:19 pm
Forum: Personal Investments
Topic: Expense ratio 3 fund vs TR
Replies: 6
Views: 581

Re: Expense ratio 3 fund vs TR

Are you using the same AA as the TR fund?
Do you plan on using the same TR fund in all your accounts including the brokerage/taxable account?
by niceguy7376
Mon Jul 08, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce and pension/401k/IRA split
Replies: 31
Views: 2574

Re: Divorce and pension/401k/IRA split

Welcome to the forum.
Please confirm if my summary is right.
She only has pension and nothing else (not even IRA).
You have about $420k in 401k/IRA's, a small part of that ROTH (like $25k)

Her idea is that house mortgage and value is split between two of you ? If so how would one give money to other?
by niceguy7376
Mon Jul 08, 2019 12:35 pm
Forum: Personal Investments
Topic: Starting Fresh - Portfolio Question
Replies: 6
Views: 600

Re: Starting Fresh - Portfolio Question

Welcome to the forum mreevesmith.
Giving your post a bump to the top of the list so that the experts can provide guidance.
by niceguy7376
Mon Jul 08, 2019 10:09 am
Forum: Personal Investments
Topic: Proper retirement vehicle for one-person S-Corps?
Replies: 8
Views: 698

Re: Proper retirement vehicle for one-person S-Corps?

When it's time to contribute, pay yourself a bonus from the S-corp in the amount of your personal contribution. Have the S-corp also provide the matching contribution. Get both in a check to the investment firm. Doing it once, at year-end, simplifies things. For a S Corp, it should be salary from w...
by niceguy7376
Mon Jul 08, 2019 10:09 am
Forum: Personal Investments
Topic: Proper retirement vehicle for one-person S-Corps?
Replies: 8
Views: 698

Re: Proper retirement vehicle for one-person S-Corps?

When it's time to contribute, pay yourself a bonus from the S-corp in the amount of your personal contribution. Have the S-corp also provide the matching contribution. Get both in a check to the investment firm. Doing it once, at year-end, simplifies things. For a S Corp, it should be salary from w...
by niceguy7376
Sun Jul 07, 2019 7:57 pm
Forum: Personal Investments
Topic: Should we invest in an island home?
Replies: 25
Views: 4123

Re: Should we invest in an island home?

dawoof wrote:
Sat Jul 06, 2019 11:54 pm
With that said, your rental loss and depreciation can be written off your AGI and is a tax shelter.
I am doubtful that they can write off since OP income is more than 150K.

As for my input, this idea is a penny wise pound foolish.
I personally wouldn't do it.
by niceguy7376
Sat Jul 06, 2019 3:22 pm
Forum: Personal Investments
Topic: How to best lay out our situation to ask for advice?
Replies: 2
Views: 318

Re: How to best lay out our situation to ask for advice?

Welcome to the forum.
Moderator prudent has provided the link. It is also in my signature.
by niceguy7376
Sat Jul 06, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Credit Union paid out on a stopped check from 2017
Replies: 32
Views: 1935

Re: Credit Union paid out on a stopped check from 2017

What was the date on the check? Isnt there a timeframe of validity from when the check was written (like 90 days or 6 months)?
by niceguy7376
Sun Jun 30, 2019 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Outside Loan into S-corp styled LLC - Tax implications!
Replies: 5
Views: 339

Re: Outside Loan into S-corp styled LLC - Tax implications!

I am confused. If you are an independent contractor with a LLC, wouldnt the so-called sign-on bonus come on the LLC name? How can it be deposited into a personal account? Everything needs to go into LLC bank account first. If you are treating it as S Corp, then there should be salary to run for any ...
by niceguy7376
Fri Jun 28, 2019 11:28 am
Forum: Personal Investments
Topic: Advice please w/ retirement portfolio
Replies: 4
Views: 566

Re: Advice please w/ retirement portfolio

Welcome to the forum.
Are you retired or still working?
What is the plan for the extra house? How is it currently being used?
by niceguy7376
Fri Jun 28, 2019 8:58 am
Forum: Personal Consumer Issues
Topic: Purchasing airline tickets at the airport
Replies: 10
Views: 1721

Re: Purchasing airline tickets at the airport

Spirit Airlines - least price at airport than online or by phone
by niceguy7376
Wed Jun 26, 2019 8:21 am
Forum: Personal Investments
Topic: SIMPLE IRA & non-deductible tIRA Contributions
Replies: 4
Views: 187

Re: SIMPLE IRA & non-deductible tIRA Contributions

I would rather do a taxable brokerage contribution than a NON DEDUCTIBLE TRAD IRA contribution for simplicity. If you do want to contribute to a NON DEDUCTIBLE TRAD IRA, please use a separate account than the DEDUCTIBLE TRAD IRA (if you already have this). With two separate accounts, it will be easy...
by niceguy7376
Tue Jun 25, 2019 8:38 am
Forum: Personal Investments
Topic: Can I transfer out of my high cost 401k? [is going on strike a separation of service]
Replies: 4
Views: 450

Re: Can I transfer out of my high cost 401k? [is going on strike a separation of service]

As per my general knowledge, a strike is NOT same as resignation.
Thus, you cannot move the 401k based on the strike
by niceguy7376
Sat Jun 22, 2019 1:28 am
Forum: Personal Investments
Topic: My first post ... how am I doing?
Replies: 20
Views: 3038

Re: My first post ... how am I doing?

How is your wife business setup? Sole Prop or S Corp? Based on the feedback already given, your first priority is to get the spouse solo 401k setup right. If the provider of the solo 401k can accept prev 401k accounts (unless her 401k is already rolled over into trad ira) or trad ira, then her hurdl...
by niceguy7376
Tue Jun 11, 2019 11:09 am
Forum: Personal Investments
Topic: Left MegaCorp, Disadvantages to Rolling 401K & Pension to Self-Directed Solo 401K?
Replies: 28
Views: 1959

Re: Left MegaCorp, Disadvantages to Rolling 401K & Pension to Self-Directed Solo 401K?

Another topic to consider. Once your solo 401k account balance crosses 250K, you need to file Form 5500-EZ. Based on your plan to open a solo 401k that allows after tax (not roth), you might be close to contributing the yearly max of 56K. Combine this with 200K rollover, you might need to file the f...
by niceguy7376
Thu Jun 06, 2019 10:24 pm
Forum: Personal Consumer Issues
Topic: Gillette Fusion razors
Replies: 57
Views: 5005

Re: Gillette Fusion razors

Where can I get Mach3 for a good price?
Costco doesnt sell them anymore.
by niceguy7376
Wed Jun 05, 2019 10:02 pm
Forum: Personal Investments
Topic: Can S-Corp offer HSA without offering health insurance
Replies: 21
Views: 1240

Re: Can S-Corp offer HSA without offering health insurance

Incidentally, since you presumably don't file a joint return with your girlfriend, are not each other's dependents, but both have family coverage (under her plan) it is quite possible that you both can take the full $7k HSA family contribution/deduction to your respective HSAs. This is one of those...
by niceguy7376
Wed Jun 05, 2019 5:26 pm
Forum: Personal Consumer Issues
Topic: Frequent Flyer miles for kids. Can I use them?
Replies: 12
Views: 704

Re: Frequent Flyer miles for kids. Can I use them?

Depends on airlines.

British Airways has a family account where you can have upto 6 family members that can pool their miles for usage.
by niceguy7376
Wed Jun 05, 2019 7:49 am
Forum: Personal Investments
Topic: Can S-Corp offer HSA without offering health insurance
Replies: 21
Views: 1240

Re: Can S-Corp offer HSA without offering health insurance

Does anyone know if an S-Corp can make direct contributions to a > 2% shareholder's HSA even if the S-Corp does not provide the shareholder's health insurance? The shareholder is an employee of the S-Corp and is covered by the spouse's HSA-eligible healthcare plan through the spouse's employer. Wha...
by niceguy7376
Tue Jun 04, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5729

Re: Is it Wise to Remove Escrow if Bank Allows it?

My personal experience: PRO - Fixed monthly payment added to mortgage loan payment. CON - I need to send the property bill to them. I need to send Insurance premium bill to them With no Escrow, I pay my property bill with a new Credit Card that I took for bonus offer and pay 2% extra for CC processi...
by niceguy7376
Tue Jun 04, 2019 2:17 pm
Forum: Personal Investments
Topic: Taxable gains...exchange or let it ride?
Replies: 9
Views: 813

Re: Taxable gains...exchange or let it ride?

Is this taxable account a part of your retirement account? If so, you dont need to have a 3 or 4 fund portfolio in all of your accounts. You need to have that portfolio spread across all retirement accounts. That would mean a domestic or international stock index fund in your brokerage and bonds mos...
by niceguy7376
Tue Jun 04, 2019 2:05 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4346

Re: Amazon free shipping, bait-and-switch?

Could you try to ship to your address and see what the options are?
Could you try to go to Amazon site in "Incognito" mode and see if it is different for the same product?

How about trying different browser?
It looks like there is something in the logical flow that triggers this.
by niceguy7376
Tue Jun 04, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Paying off my Loan Strategies - How???
Replies: 11
Views: 877

Re: Paying off my Loan Strategies - How???

1. Still contribute to 401k or other retirement plans up to max 2. Do Roth IRA (back door Roth) as well. 3. No more brokerage account additions. 4. Minimize expenses where you can 5. Pay any amount left to the loans. If you want to look at loan refinancing, the one company that I heard and now see a...
by niceguy7376
Tue Jun 04, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Transferring Ownership of 529 to Maximize Financial Aid via FAFSA
Replies: 5
Views: 469

Re: Transferring Ownership of 529 to Maximize Financial Aid via FAFSA

Does graduate programs offer financial Aid based on FAFSA?
by niceguy7376
Tue Jun 04, 2019 11:43 am
Forum: Personal Consumer Issues
Topic: Being given charity that I don't need
Replies: 51
Views: 4638

Re: Being given charity that I don't need

Wear a totally different shirt(design and color difference) and have a fake gold chain or tooth the next time you go and order different food item and see if she recognizes you and gives you the discount. On a serious note, you can gladly pay the difference as a tip (though you are only doing take o...
by niceguy7376
Mon Jun 03, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help with avoiding double taxation in C Corp.
Replies: 9
Views: 575

Re: Help with avoiding double taxation in C Corp.

Are you the sole owner and employee of this Corp?

Any thoughts on why you did a C Corp instead of S Corp?
by niceguy7376
Mon Jun 03, 2019 2:52 pm
Forum: Personal Investments
Topic: Investment Advice for a Married Couple
Replies: 16
Views: 2554

Re: Investment Advice for a Married Couple

Total Annual Income: 220K pre-tax Her 401k (previous employer) at Schwab - 9k, no more active contributions, planning to move to Vanguard Her Beneficiary IRA - 120K Recently inherited after mother's death - Currently at Baird but planning to move to Vanguard Contributions to Retirement Accounts For...
by niceguy7376
Mon Jun 03, 2019 7:40 am
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 14504

Re: You May Never See Your Grandchildren Again

Rick,
I hope that you dont need to move to "Desert" from this 55+ retirement community because of people like these financial advisors.

A small spelling mistake that the proof readers missed - "Desert would have to wait - darn! "
by niceguy7376
Sun Jun 02, 2019 4:14 pm
Forum: Personal Investments
Topic: Solo 401k Question
Replies: 17
Views: 1268

Re: Solo 401k Question

So you (and some of your employees) already made contributions to SIMPLE IRA this year from the pay?
If so, then I think you need to wait for 2020 for Solo 401k.

If you are looking for Roth solo 401k plus a mega back door Roth capability, then you might need to go for custom plan.
by niceguy7376
Sun Jun 02, 2019 9:27 am
Forum: Personal Investments
Topic: Generous Grandparents and Child Investment Choices
Replies: 10
Views: 1514

Re: Generous Grandparents and Child Investment Choices

So are these accounts currently owned by OP's parents with beneficiary as kid? If so, should the OP's parents move the accounts to VG or OP can get ownership now itself? From a boglehead perspective, since the 18 year old has not touched the account in terms of withdrawls: If the OP's grand parents ...
by niceguy7376
Sat Jun 01, 2019 11:54 pm
Forum: Personal Investments
Topic: Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?
Replies: 10
Views: 802

Re: Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?

If you have any medical expenses, wouldn't it make sense to at least contribute enough to the HSA to cover those expenses? Since OP said HSA is NOT through employer, does OP gain any benefit in contribution at this low income level if they are going to withdraw immediately anyway? How will a Sole P...
by niceguy7376
Sat Jun 01, 2019 9:04 pm
Forum: Personal Investments
Topic: Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?
Replies: 10
Views: 802

Re: Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?

SIMPLE IRA is through W2 employer and needs to come through payroll deductions. Regular Roth IRA (hope you are contributing to Roth at this low income level) can be contributed till April of next year for this year Where is HSA from? Is it through W2 employer? If so, does the employer contribute any...
by niceguy7376
Sat Jun 01, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14879

Re: Can we afford to pay for our kid's college (at all)?

She is worried that we could die tomorrow and we have never really been anywhere. If she applies that rule to real life, what does she think she accomplished or she will leave to the kids? I feel that it is still a life style change for the whole family that will bring the best result. In the meant...
by niceguy7376
Fri May 31, 2019 4:48 pm
Forum: Personal Investments
Topic: Employer vs Employee Solo 401K contributions
Replies: 20
Views: 595

Re: Employer vs Employee Solo 401K contributions

Another is to have the S-Corp make employer 401K contributions (up to IRS limits) which would lower business profit to a more reasonable/defensible level while saving FICA taxes as compared to raising compensation. For employer contributions to reach IRS limits (56K), you need to have employee sala...
by niceguy7376
Fri May 31, 2019 4:39 pm
Forum: Personal Investments
Topic: Roth v 401k at income levels
Replies: 18
Views: 1840

Re: Roth v 401k at income levels

General Questions asked to get a big pic of your retirement plans and expenses: Any kids? When do you plan on retiring What do you expect the expenses would be when you retire. At basic level, how much above the 12% limit are you in 22%? If you contribute the max to trad 401k and still be in 22%, I ...
by niceguy7376
Fri May 31, 2019 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Working for the Airlines - Value of Free Travel
Replies: 62
Views: 4999

Re: Working for the Airlines - Value of Free Travel

All employees get those benefits but they also are assigned a priority according to the org chart. So, if there are 4 seats available, then the executives get the first choice of taking the open seats and then the priority order goes through the next levels. 10 to 14 years back, a neighbor used to w...
by niceguy7376
Fri May 31, 2019 1:18 pm
Forum: Personal Investments
Topic: Employer vs Employee Solo 401K contributions
Replies: 20
Views: 595

Re: Employer vs Employee Solo 401K contributions

So, are you ok with no SS and medicare contributions as employee and not get SS credits?

How much company revenue are you talking about?
by niceguy7376
Thu May 30, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14681

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

OP, Just curious as to what your current expenses are. You are in 40s with a young (and shopaholic and new immigrant to a developed country and came from a developing country - all the things that you listed) and with young kids. You retired with half a million dollars in bank. You are talking about...
by niceguy7376
Thu May 30, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14879

Re: Can we afford to pay for our kid's college (at all)?

1. Paying $2300 per month for a HSA eligible plan is very high. I understand that the physician is an independent contractor but cant they get any better policies than this? 2. It is not clear to me about their cell phone bills as well. Did they buy $1200 worth of phones and also pay $250 per month ...
by niceguy7376
Thu May 30, 2019 9:09 am
Forum: Investing - Theory, News & General
Topic: Jim Cramer
Replies: 59
Views: 5555

Re: Jim Cramer

mikemikemike wrote:
Thu May 30, 2019 5:30 am
What am I missing here?
He is making ton of money doing this infotainment show.
by niceguy7376
Wed May 29, 2019 3:25 pm
Forum: Personal Investments
Topic: Stuck with IRA balance
Replies: 7
Views: 740

Re: Stuck with IRA balance

nextchapter wrote:
Wed May 29, 2019 2:50 pm
So about 6 years ago I made a silly mistake and opened a new IRA and contributed after-tax dollars to it.
It is not clear to me if this is a ROth IRA (you mentioned that you contributed After tax dollars) or a Traditional NON DEDUCTIBLE IRA (mention silly mistake).

Please clarify
by niceguy7376
Wed May 29, 2019 3:21 pm
Forum: Personal Investments
Topic: Married to an S-Corp owner
Replies: 12
Views: 1279

Re: Married to an S-Corp owner

My wife is 37, S-Corp owner (own 100% of shares), with five employees . I had her contribue twice to a SEP-IRA, but we were not sure this was the best option If the above SEP IRA contributions happened while she had employees, she is in a bigger mess. If a company had employees, then any retirement...
by niceguy7376
Wed May 29, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Reduce retirement contributions or take out a mortgage?
Replies: 23
Views: 1278

Re: Reduce retirement contributions or take out a mortgage?

yes, I've thought about renting but I'm too old to deal with stuffing my family of four in a small apartment that was last updated in the 1990s and the rent is too high for something nicer You can live in an independent house by renting it out. Trying to tie up the future employment offers because ...