Search found 1546 matches

by ERISA Stone
Sun Apr 21, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Loan to employer?
Replies: 24
Views: 1730

Re: Loan to employer?

There is no way I would consider this without getting an equity stake in the company.
by ERISA Stone
Mon Apr 15, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Feedback on Guideline 401k
Replies: 36
Views: 4319

Re: Feedback on Guideline 401k

Curiously, the strongly negative reviews are only coming from single-post accounts. That could mean they simply haven’t had reason to post anything until now, but that coupled with the fondness for exclamation points make me skeptical, to say the least. I feel like I see this on every message board...
by ERISA Stone
Fri Apr 12, 2019 3:35 pm
Forum: Personal Consumer Issues
Topic: YouTube TV is increasing their price - will you cancel it?
Replies: 63
Views: 4637

Re: YouTube TV is increasing their price - will you cancel it?

Keeping mine. Still much lower than what I would want with cable. I might be more proactive in canceling services between Hulu, Netflix, and HBO now.
by ERISA Stone
Thu Apr 11, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Solo 401(k) - hired employee
Replies: 3
Views: 265

Re: Vanguard Solo 401(k) - hired employee

If your employee met the requirements to enter the plan, he/she is a participant. I hope you reviewed this prior to hiring the employee.
by ERISA Stone
Thu Apr 11, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: What counts against the $56000 defined contribution limit?
Replies: 14
Views: 1670

Re: What counts against the $56000 defined contribution limit?

WestCoastNewbie wrote:
Thu Apr 11, 2019 10:27 am
Do loan repayments on a 401K loan count towards the $56,000 limit. I plan to full repay my loan this year but doing that would exceed the $56,000 mark.
No, they do not count against the limit.
by ERISA Stone
Fri Apr 05, 2019 9:12 am
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 286
Views: 18459

Re: Talk me in/out of $35k Tesla Model 3

You make good points... Are there any plug-in hybrids that just have a built in gas generator? The Chevrolet Volt, depending on what you call "just". https://www.plugincars.com/exclusive-chevrolet-volt-chief-engineer-explains-volt-drivetrain-says-volt-electric-vehicle-90758.ht It's certainly not si...
by ERISA Stone
Thu Apr 04, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 286
Views: 18459

Re: Talk me in/out of $35k Tesla Model 3

I don't think the timing of repairs is being overblown. I'm part of several Tesla groups and that appears to be an issue. It makes sense to me but that wouldn't make me feel any better if I had to wait for my car. As far as owning a Tesla goes, this is currently my number 1 concern. Number 2 that i...
by ERISA Stone
Thu Apr 04, 2019 9:48 am
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 286
Views: 18459

Re: Talk me in/out of $35k Tesla Model 3

It's more than I wanted to spend but it's been life changing for me and I don't say that lightly. How has it changed your life? You're still driving from A to B, right? Surely you're trolling. Do you apply this guideline to everything in life? I purchased a Tesla last March and within a few weeks, ...
by ERISA Stone
Thu Apr 04, 2019 9:45 am
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 286
Views: 18459

Re: Talk me in/out of $35k Tesla Model 3

I've seen people post support/service is bad. I've read/heard horror stories on repairs particularly after accidents. Are these claims blown out of proportion? I mean, most people buying a low end Tesla I would imagine don't have extra cars laying around to drive if something happens to the Tesla t...
by ERISA Stone
Wed Apr 03, 2019 7:57 am
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 286
Views: 18459

Re: Talk me in/out of $35k Tesla Model 3

Our one-year anniversary with our Model 3 is coming up shortly. Over 16,000 miles, thanks in part to a 3,000+ mile road trip through Utah, Colorado, Arizona, and Nevada, and I still smile every time I get behind the wheel. Enjoy your new wheels, all! I just took a chance and took our 3 on a long tr...
by ERISA Stone
Thu Mar 21, 2019 9:38 am
Forum: Investing - Theory, News & General
Topic: What year does employer contribute to 401k?
Replies: 20
Views: 1357

Re: What year does employer contribute to 401k?

This year I am contributing the maximum $19000 to my 401k, and my employer will contribute $37,000. However I just found out that my employer won't be contributing the money for 2019 until 2020. This year (June) they are contributing the 2018 amount of $36,500. Is this typical practice for a busine...
by ERISA Stone
Thu Mar 21, 2019 9:37 am
Forum: Investing - Theory, News & General
Topic: What year does employer contribute to 401k?
Replies: 20
Views: 1357

Re: What year does employer contribute to 401k?

My experience is that it does happen. The company I have worked for for 14 years did this for several years after the financial crisis. They changed to policy to “we will let you know if we decide to match” by feb of the year after. (They always matched although we now do 4.5% instead of the 6% whe...
by ERISA Stone
Wed Mar 20, 2019 4:54 pm
Forum: Investing - Theory, News & General
Topic: What year does employer contribute to 401k?
Replies: 20
Views: 1357

Re: What year does employer contribute to 401k?

It's not uncommon for an employer to contribute the employER contribution in the year following the plan year. If you have met the requirements for the contribution, it doesn't matter if you leave prior to the contribution being deposited in the plan. You are still due the benefit you earned. I wou...
by ERISA Stone
Wed Mar 20, 2019 3:25 pm
Forum: Investing - Theory, News & General
Topic: What year does employer contribute to 401k?
Replies: 20
Views: 1357

Re: What year does employer contribute to 401k?

It's not uncommon for an employer to contribute the employER contribution in the year following the plan year. If you have met the requirements for the contribution, it doesn't matter if you leave prior to the contribution being deposited in the plan. You are still due the benefit you earned.
by ERISA Stone
Wed Mar 20, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Cash basis vs Accrual accounting for Solo 401K contribution
Replies: 5
Views: 397

Re: Cash basis vs Accrual accounting for Solo 401K contribution

Thanks Celia, I have updated the subject I was pointed to this in another forum IRS Publication 560 Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans), Chapter 4. Qualified Plans, Contributions, page 15. When Contributions Are Considered Made You generally apply your plan contri...
by ERISA Stone
Wed Mar 20, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Employee Fiduciary 401k - WWYD?
Replies: 12
Views: 969

Re: Employee Fiduciary 401k - WWYD?

MMDV. Last year I turned mine in prior to 1/31 and I received the report sometime in late April. No issues with my census. No follow up from them. What?!! That shouldn't happen, based on the supervisor I spoke with. He said that if all your information is received by 1/31, then they guarantee that ...
by ERISA Stone
Tue Mar 19, 2019 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Cash basis vs Accrual accounting for Solo 401K contribution
Replies: 5
Views: 397

Re: Solo 401k contribution for 2018, goes in 1120-S 2019 or 2018?

This is outside my realm because this is an accounting question and that’s not my area. Having said that, I know enough accountants who don’t have an issue with a cash basis company deducting employer contributions on an accrual basis. I don’t know if there’s a hard and fast rule or if this is a gra...
by ERISA Stone
Tue Mar 19, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: The lawyers who took on Big Tobacco are aiming at Realtors and their 6% fee
Replies: 34
Views: 3367

Re: The lawyers who took on Big Tobacco are aiming at Realtors and their 6% fee

Best to allow market forces determine the right commission for a particular area, rather than the courts or government. The suit alleges, though, that we aren't dealing with pure market forces. There's a bunch of shady policies and rules surrounding how buyer's agents commissions are non-negotiable...
by ERISA Stone
Tue Mar 19, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Is Self-Employed Individual 401K employer contribution can be expense for S corp?
Replies: 14
Views: 1281

Re: Is Self-Employed Individual 401K employer contribution can be expense for S corp?

For an S-corp, ER contributions are reported on line 17 of the Form 1120S as a deduction. If this is related to the 2015 plan year, even though it's deposited in 2016, it should be reported on your 2015 tax return. To be deductible for 2015, it must be deposited no later than the tax return deadlin...
by ERISA Stone
Fri Mar 15, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Employee Fiduciary 401k - WWYD?
Replies: 12
Views: 969

Re: Employee Fiduciary 401k - WWYD?

I have the same issue with EF. they send me emails and phone calls demanding that I have my info in by 1/31 or they can't promise the testing will be done in a timely manner. This year and I pushed back and told them they had to give me a timeline - I didn't care if it was 3 months - that it would ...
by ERISA Stone
Thu Mar 14, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Employee Fiduciary 401k - WWYD?
Replies: 12
Views: 969

Re: Employee Fiduciary 401k - WWYD?

I have the same issue with EF. they send me emails and phone calls demanding that I have my info in by 1/31 or they can't promise the testing will be done in a timely manner. This year and I pushed back and told them they had to give me a timeline - I didn't care if it was 3 months - that it would t...
by ERISA Stone
Fri Mar 08, 2019 6:32 pm
Forum: Personal Investments
Topic: Divorce Question - 401K QDRO
Replies: 36
Views: 3091

Re: Divorce Question - 401K QDRO

Why not ask your attorney's advice to avoid doing something wrong (unintentionally)?
by ERISA Stone
Fri Mar 08, 2019 7:58 am
Forum: Personal Consumer Issues
Topic: Sports team season tickets
Replies: 45
Views: 4064

Re: buy a mini season ticket package

they vary (20 games, etc)......choose the games you want and sell the rest. I would get smaller package and get better seats. Knicks will be good next year with KD and top pick. :sharebeer Lottery odds changed this year to discourage tanking. This isn’t the year to finish with the worst record.
by ERISA Stone
Tue Mar 05, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: 401K loan to help son in college?
Replies: 27
Views: 1321

Re: 401K loan to help son in college?

albiero13, you are a great father for wanting to do this. But, really bad things can happen from good intentions. If you take loan from your 401k, you will not be able to make contributions while the loan is outstanding; and therefore, will miss out on the company match. Really bad idea. Better to ...
by ERISA Stone
Tue Mar 05, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: 401K loan to help son in college?
Replies: 27
Views: 1321

Re: 401K loan to help son in college?

Dear God this website sometimes. The answer is you should be fine. You avoid most pitfalls that happen when people take 401k loans. You are simply grabbing $20k early from your retirement. If you plan on defaulting on the loan just be sure to factor that in to any 2020 income/taxes analysis you migh...
by ERISA Stone
Thu Feb 28, 2019 3:59 pm
Forum: Personal Consumer Issues
Topic: Things to do in and around San Diego
Replies: 33
Views: 1710

Re: Things to do in and around San Diego

Best advice I got when I visited San Diego was to eat at the Stone Brewery in Escondido.
by ERISA Stone
Thu Feb 28, 2019 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Did I make excessive contributions in solo 401k?
Replies: 7
Views: 474

Re: Did I make excessive contributions in solo 401k?

Any chance any of the funds were deposited in 2019?
by ERISA Stone
Wed Feb 27, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off 401k loan earlier or contribute to 401k
Replies: 10
Views: 809

Re: Pay off 401k loan earlier or contribute to 401k

Check your loan policy. Most state you can’t make payments other than the payment amount unless you are paying in full.
by ERISA Stone
Mon Feb 25, 2019 8:36 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 1982

Re: How to max employer portion of 401k

I don't understand. The max employer contribution is $56,000 minus the employee contribution. You state that the employer just puts in 8%. That would mean that employees who make more than $700,000 would be at max employer contribution. Am I misreading something? The max anyone is getting as an emp...
by ERISA Stone
Mon Feb 25, 2019 1:39 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 1982

Re: How to max employer portion of 401k

I receive 8% from my employer that does not require matching to get it. When I log in to my account there is also a safe harbor portion and then the rest is on my vesting schedule (20% a year). The total amount from both of those is 8%. So maybe 3% is nonelective 100% vested, and the remaining 5% i...
by ERISA Stone
Mon Feb 25, 2019 11:19 am
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 1982

Re: How to max employer portion of 401k

Thanks for the advice. We are a safe harbor plan. We get monthly contributions and are vested 20% a year. I will look into the cross testing formula. I’m naive as to the different rules and need to look them up. Is there a concise place for information? You seem to be conflating two contributions. ...
by ERISA Stone
Mon Feb 25, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Can I continue repaying a 401k loan even if I don't have the salary to cover payroll deductions?
Replies: 3
Views: 305

Re: Can I continue repaying a 401k loan even if I don't have the salary to cover payroll deductions?

The IRS Pub. doesn't seem to address this question, which would suggest it's a non-issue. My gut says it's outside any of the rules of how much you can contribute to your 401k based on income, so yes, you should be able to do this. https://www.irs.gov/retirement-plans/retirement-plans-faqs-regardin...
by ERISA Stone
Sun Feb 24, 2019 7:09 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 1982

Re: How to max employer portion of 401k

If your plan demographics work with regards to testing, your company could consider amending the profit sharing allocation formula to a new comparability (cross-testing) formula. This allows you to provide different contribution rates to different participants as long as nondiscrimination testing pa...
by ERISA Stone
Thu Feb 21, 2019 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 532
Views: 58581

Re: Fidelity as a one stop shop

I haven't seen it posted in this thread, but aren't treasuries much cheaper to buy at Fidelity as well?
by ERISA Stone
Thu Feb 21, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax accountants add any value?
Replies: 50
Views: 3496

Re: Do tax accountants add any value?

my accountant has saved me a pretty hefty amount of money over the years. I don't think I would have access to several of the tax savings vehicles on my own. If I were w-2 only, I don't think I'd have an accountant.
by ERISA Stone
Thu Feb 21, 2019 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer - 24 Hours to Decide?
Replies: 100
Views: 7344

Re: Job Offer - 24 Hours to Decide?

I have started giving short time frames to potential employees. The reason is I've been burned too many times providing people a week or two only to have them back out and we start the new hire process again. I understand that's part of the game but I now give them a window that I will only negotiat...
by ERISA Stone
Sun Feb 17, 2019 9:38 pm
Forum: Personal Investments
Topic: New Company Wide 401K Policy Questions
Replies: 4
Views: 343

Re: New Company Wide 401K Policy Questions

Even if there’s no match, boss man could still be on the hook in the form of a top heavy minimum contribution if he contributes and the plan is top heavy.
by ERISA Stone
Sun Feb 17, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 7549

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

Nothing like spending $250K on a car to send the statement - Look at me, I’m a big spender!! No, it’s not a typo, $50K today could very well be worth $250K in 30-40 years. I don't mind this mindset in general but do you use it for every purchase? Do you decide not to buy a steak dinner because that...
by ERISA Stone
Fri Feb 15, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Loan Rate vs Investing
Replies: 23
Views: 675

Re: 401k Loan Rate vs Investing

5 years is the maximum loan length unless it's to purchase a primary residence.
by ERISA Stone
Mon Feb 11, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1% Bonus, Advice Please??? (Resolved Nice!!)
Replies: 24
Views: 2448

Re: Ally 1% Bonus, Advice Please???

I received an email in October when I enrolled and when I deposited the funds.
by ERISA Stone
Wed Feb 06, 2019 8:48 am
Forum: Personal Investments
Topic: Anyone Using ALLY Investment Account?
Replies: 16
Views: 3750

Re: Anyone Using ALLY Investment Account?

reefsurfah wrote:
Wed Feb 06, 2019 6:11 am
I wouldn't recommend Ally as they have the worst customer service and don't follow up on their promises of bonuses, etc.
Interesting timing. I just received my $1000 bonus yesterday.
by ERISA Stone
Mon Feb 04, 2019 3:56 pm
Forum: Personal Investments
Topic: 401k Contribution question...
Replies: 13
Views: 961

Re: 401k Contribution question...

Lemonaid56 wrote:
Tue Jan 22, 2019 5:05 pm
Not sure why they have this cap unless the corporate people have never had an employee in my situation.
This is a good possibility as well.
by ERISA Stone
Mon Feb 04, 2019 3:54 pm
Forum: Personal Investments
Topic: 401k Contribution question...
Replies: 13
Views: 961

Re: 401k Contribution question...

Is your plan a safe harbor plan? If so, this might not be able to be changed until 1/1/2020. Otherwise, I would think this could be amended if the company is willing to pay for the amendment. What is happening on 1/1/2020 that would allow this to change? Or is it just that the company could make ne...
by ERISA Stone
Tue Jan 22, 2019 1:36 pm
Forum: Personal Investments
Topic: 401k Contribution question...
Replies: 13
Views: 961

Re: 401k Contribution question...

Since you wouldn't get to the maximum amount, I doubt you are a Highly Compensated Employee. Considering that, I don't see a benefit to the company capping your deferral rate at 50%. The only times I've really seen this is plans from over 20 years ago when it could've possibly mattered. Is there pos...
by ERISA Stone
Tue Jan 22, 2019 1:30 pm
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 138
Views: 6720

Re: Paying thousands per ticket to attend the NFL Super Bowl?

Falcons fan here. I was going to go to Texas two years ago because my teams rarely make it to the big games. As I was pulling the trigger on about $2500 IIRC, my gut said, "but what if they lose or something historically bad happens? How would I feel about the $$?" I decided I couldn't handle the po...
by ERISA Stone
Thu Jan 17, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 2.20%]
Replies: 285
Views: 49419

Re: [Ally online savings now at 1.80%]

Am I missing something? The annual return for VMMXX was less than 2%. Is there another aspect of the fund that would make it better than a savings account at Ally? Was is the operative word. That shows you what the actual yield was in the past 12 months. Since rates started 2018 around 1.3%, it's n...
by ERISA Stone
Thu Jan 17, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 2.20%]
Replies: 285
Views: 49419

Re: [Ally online savings now at 1.80%]

Am I missing something? The annual return for VMMXX was less than 2%. Is there another aspect of the fund that would make it better than a savings account at Ally?
by ERISA Stone
Thu Jan 17, 2019 1:10 pm
Forum: Personal Investments
Topic: Lobbying to modify 401k plan to allow for after-tax contributions and in-service rollover to Roth
Replies: 9
Views: 654

Re: Lobbying to modify 401k plan to allow for after-tax contributions and in-service rollover to Roth

I don’t think any other employees even max out the 19k pre-tax elective amount, so this request to modify the plan would probably only benefit me. Also, last year I was considered a HCE which limited how much of my bonus could be put into the 401k as profit share; would this HCE situation impact th...
by ERISA Stone
Thu Jan 17, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: Netflix Recommendations
Replies: 53
Views: 4837

Re: Netflix Recommendations

I love love love Black Mirrors, but I might suggest skipping the first 2 episodes. I lost a little faith in programming with those. I had to be coaxed back in by a friend, and I'm glad I kept watching.

I thought Bandersnatch was good in its uniqueness.
by ERISA Stone
Fri Jan 04, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Botched 401(k) Contributions
Replies: 23
Views: 1726

Re: Botched 401(k) Contributions

The IRS says they must fix the error , possibly at their own expense: Generally, if you didn't give an employee the opportunity to make elective deferrals to a 401(k) plan, you must make a qualified nonelective contribution to the plan for the employee. This contribution must compensate for the mis...