Search found 47 matches

by birdec
Thu Nov 21, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: First year as sole proprietor taxes
Replies: 8
Views: 322

Re: First year as sole proprietor taxes

MrBobcat wrote:
Thu Nov 21, 2019 3:12 pm
Cost of Goods Sold = beginning inventory + purchases - ending inventory.

Gross Profit = Sales - Cost of Goods Sold

Net Income (Loss) = Gross Profit - ordinary business expenses.

Net Income (Loss) = what affects your taxable income.
Thank you! This is all I needed lol
by birdec
Thu Nov 21, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: First year as sole proprietor taxes
Replies: 8
Views: 322

Re: First year as sole proprietor taxes

I don't understand that you have a loss. Did you sell $10,000 worth of stuff for $1,000? Or do you still have inventory that is unsold? You may wish to read the many IRS tax guides for small businesses. Some of them are found at: www.irs.gov/publications Inventory that is unsold. I'll be getting a ...
by birdec
Thu Nov 21, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: First year as sole proprietor taxes
Replies: 8
Views: 322

First year as sole proprietor taxes

My wife and I started a small venture this year. Suppose we purchased inventory for $10,000 but only had $1,000 in sales. What effect does that $9,000 business loss have on our taxes? Is our MFJ taxable income reduced by $9,000 or does it maybe get rolled over to the next year similar to a capital l...
by birdec
Wed Sep 25, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do you need a business checking account for side hustle?
Replies: 6
Views: 429

Do you need a business checking account for side hustle?

My wife and I have a small venture that we've been working on and up until now have been mixing business income/expenses with personal income/expenses. I realize this is bad so I'm looking into business checking accounts and business credit cards. Do we need a legit business checking account or can ...
by birdec
Mon Mar 11, 2019 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you pay quarterly taxes?
Replies: 36
Views: 4482

Re: Where do you pay quarterly taxes?

Thanks everyone for the information! I pay estimated taxes with a rewards credit card. This gives a little float and a little profit beyond the fee if you use the right card. How do you do that? Isn't there a charge for using a credit card? Gill There's a "Debit or Credit" button on https://www.irs....
by birdec
Mon Mar 11, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Where do you pay quarterly taxes?
Replies: 36
Views: 4482

Where do you pay quarterly taxes?

This is my first year being 100% paid as 1099. I'm trying to pay my estimated quarterly tax this month and signed up at EFTPS.com to pay but only see one box for "Payment Amount" (see this screenshot: https://imgur.com/a/9MhRQSl). Shouldn't it be broken down by Federal/SS/Medicare? Do I need to get ...
by birdec
Sat Feb 23, 2019 1:28 am
Forum: Personal Investments
Topic: Waiting period between buying/selling ETF/MF?
Replies: 9
Views: 910

Re: Waiting period between buying/selling ETF/MF?

shiftleft wrote:
Sat Feb 23, 2019 1:20 am
Would this depend on the brokerage as well? Assuming you’re asking about Vanguard.
This is at Schwab
by birdec
Sat Feb 23, 2019 1:18 am
Forum: Personal Investments
Topic: Waiting period between buying/selling ETF/MF?
Replies: 9
Views: 910

Waiting period between buying/selling ETF/MF?

A few questions about rebalancing between mutual funds and ETFs: 1. How quickly after placing a sell order on a mutual fund can you place a buy order on an ETF? Same day or wait until funds show up as settled? Assume sell/buy proceeds equal each other and that you’ll hold the ETF for a several month...
by birdec
Thu Nov 15, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed with retirement numbers
Replies: 5
Views: 1160

Re: Help needed with retirement numbers

I was taught to use ((1 + after tax return) / (1 + inflation) -1) *100

So, 1.0312/1.025 -1 * 100 = 0.605%

PV = -1,000,000
n = 30
i = .605%
PMT = 36,550

So basically what you got. Looks right to me.
by birdec
Wed Nov 07, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp with mega back door question
Replies: 6
Views: 538

Re: S Corp with mega back door question

Thank you for the detailed reply, Spirit Rider. Some questions: When you say we'll, am I to understand that this is a married couple? Yes MFJ If so, is one, the other, both combined or a jointly owned business receiving the 1099? The 1099 income is attributable to me alone What are the Social Securi...
by birdec
Wed Nov 07, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp with mega back door question
Replies: 6
Views: 538

S Corp with mega back door question

We'll be getting $50,000 in 1099 income starting next year and our goal is to save the whole amount if possible. Initially I thought Solo 401k --> $19,000 employee Roth contribution (2019 limits), ~$9,000 employer pre-tax contribution (18.6% * $50,000) + $22,000 after-tax employee contribution then ...
by birdec
Thu Jun 28, 2018 7:10 pm
Forum: Investing - Theory, News & General
Topic: Levering a portfolio to a 60/40 equivalent
Replies: 16
Views: 2575

Re: Levering a portfolio to a 60/40 equivalent

I figured these would be the responses. So I guess my next question is how do you reconcile these statements: 1. Past performance does not predict future performance. 2. Use a diversified asset allocation because it's worked in the past. People on here like to opine on market trends (rising rates, h...
by birdec
Thu Jun 28, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Levering a portfolio to a 60/40 equivalent
Replies: 16
Views: 2575

Levering a portfolio to a 60/40 equivalent

What are your thoughts on levering a portfolio up to the equivalent of either a) the volatility of a 60/40 portfolio or b) the max drawdown of a 60/40 portfolio? Portfolio 1 is 60% stocks (VFINX), 40% bonds (VBMFX) Portfolio 2 is 50% stocks, 150% bonds --> same volatility as 60/40 Portfolio 3 is 75%...
by birdec
Fri Apr 27, 2018 9:03 pm
Forum: Investing - Theory, News & General
Topic: Is there any way around short term capital gains taxes?
Replies: 24
Views: 2572

Re: Is there any way around short term capital gains taxes?

2. How do capital gains taxes work inside mutual funds and ETFs? If a mutual fund manager can make 15% annual gross returns with some strategy but the gains are 100% short term.... Does the mutual fund itself pay quarterly taxes and thus the NAV is reduced at the end of every quarter? No, funds do ...
by birdec
Fri Apr 27, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: Is there any way around short term capital gains taxes?
Replies: 24
Views: 2572

Re: Is there any way around short term capital gains taxes?

2. How do capital gains taxes work inside mutual funds and ETFs? If a mutual fund manager can make 15% annual gross returns with some strategy but the gains are 100% short term.... Does the mutual fund itself pay quarterly taxes and thus the NAV is reduced at the end of every quarter? No, funds do ...
by birdec
Fri Apr 27, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: Is there any way around short term capital gains taxes?
Replies: 24
Views: 2572

Is there any way around short term capital gains taxes?

I have a few questions about investing and short-term capital gains taxes in taxable accounts. 1. Suppose you can make 15% average annual returns in a taxable account but the gains are 100% short term and you're in the 40% tax bracket. That means you're effectively making 9% correct? (15% * (1 - 40%...
by birdec
Sat Oct 14, 2017 2:45 pm
Forum: Personal Investments
Topic: 401k Employer match question
Replies: 5
Views: 522

Re: 401k Employer match question

So if my match is 4% and my gross pay is $100 in a pay period, my employer match is $4 for the pay period. It is based on gross pay and it is pre-tax, so it has nothing to do with whether I contribute roth or traditional. I just need to set my contribution to 4% or greater to receive the full match...
by birdec
Sat Oct 14, 2017 2:19 pm
Forum: Personal Investments
Topic: 401k Employer match question
Replies: 5
Views: 522

401k Employer match question

I think I've made a horrible mistake and am hoping someone can confirm it. I'm contributing after-tax dollars to a Roth 401k and my employer is contributing pre-tax dollars (4% match). Because I'm contributing less absolute dollars every month because it's getting taxed (I realize it grows tax-free)...
by birdec
Mon Jun 26, 2017 1:10 pm
Forum: Personal Investments
Topic: Retirement plan split between before/after tax money
Replies: 7
Views: 1487

Re: Retirement plan split between before/after tax money

keystone wrote: Have you looked at your quarterly statements to see if you can see the separate pots?
Awesome I see it broken down now between "Roth deferral" and "Employer match" on the quarterly statements. Hadn't ever looked at them before! Appreciate it.
by birdec
Mon Jun 26, 2017 11:12 am
Forum: Personal Investments
Topic: Retirement plan split between before/after tax money
Replies: 7
Views: 1487

Re: Retirement plan split between before/after tax money

It's all going into 1 big account. I chose Roth because I thought my employer would match with Roth dollars but have since read in the plan that they only contribute pre-tax money. I guess I'll have to call Fidelity.
by birdec
Sun Jun 25, 2017 10:38 pm
Forum: Personal Investments
Topic: Retirement plan split between before/after tax money
Replies: 7
Views: 1487

Retirement plan split between before/after tax money

My employer has a retirement plan and matches up to 4%. I've been saving 4% as well to get the full match but am considering increasing my contribution amount. I have an option of contributing Pre-Tax, Roth, or After-Tax money. I've been doing Roth and my employer can only contribute Pre-Tax. My que...
by birdec
Sat Jan 21, 2017 9:20 pm
Forum: Personal Investments
Topic: How to view portfolio performance at Schwab?
Replies: 7
Views: 1265

Re: How to view portfolio performance at Schwab?

Here's a picture of what I see when clicking that link as well as editing the hyperlink a bit: http://imgur.com/a/16ehJ

Interesting. I wonder if there is some extra functionality I need to sign up for.
by birdec
Sat Jan 21, 2017 9:06 pm
Forum: Personal Investments
Topic: How to view portfolio performance at Schwab?
Replies: 7
Views: 1265

Re: How to view portfolio performance at Schwab?

Awesome thank you. I can't see your pictures but I was able to find a balance over time chart.
Still can't find a % Return over different time frames, my Fidelity account doesn't have one either though so probably not a huge deal.

Not sure if this will show up but: http://imgur.com/a/pC3uP
by birdec
Sat Jan 21, 2017 6:49 pm
Forum: Personal Investments
Topic: How to view portfolio performance at Schwab?
Replies: 7
Views: 1265

How to view portfolio performance at Schwab?

I cannot for the life of me find a "portfolio performance" or "balance over time" button on the Charles Schwab website - anyone know where to find this? I don't want to have to sign up for a 3rd party app to figure it out. Thanks!
by birdec
Thu Nov 17, 2016 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Newborn on an HSA plan
Replies: 9
Views: 2794

Re: Newborn on an HSA plan

Thanks for the replies. The HSA is funded over 12 months but we have enough saved up to avoid cash flow issues. It does seem like a no brainer but I'm a little reluctant just because it's new to me and seems like extra work.
by birdec
Thu Nov 17, 2016 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Newborn on an HSA plan
Replies: 9
Views: 2794

Newborn on an HSA plan

Our family has health insurance through my wife's employer and I'm trying to decide if we should switch from PPO to HSA. We're mid 20s, relatively healthy and have a 1 month old baby. Her employer pays the monthly premiums for either plan and would fully fund an HSA account ($6750). PPO Deductible: ...
by birdec
Tue Nov 08, 2016 1:45 pm
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 254
Views: 67296

Re: A Returns Spreadsheet for Bogleheads

My data starts on 2/29/16 (with the first Contribution/Withdrawal month being March 2016). I think because of this, I'm not able to see YTD numbers - only 1, 3, and 6 month returns. Is it possible to view returns given a custom date range? As in, 3/1/16 - 11/1/16. Also, is it possible to view return...
by birdec
Tue Sep 27, 2016 10:43 am
Forum: Investing - Theory, News & General
Topic: [How does one exercise] Private company stock options
Replies: 7
Views: 994

Re: [How does one exercise] Private company stock options

2. Her company instructed her to write a check for the exercise payment and send it to an address - can these funds eventually end up in her Roth IRA or where? No. The company gets the money. She gets the shares. For this reason, it's best with any stock option to wait until the last minute before ...
by birdec
Mon Sep 26, 2016 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended advisors with stock option experience
Replies: 3
Views: 579

Recommended advisors with stock option experience

My wife is in the tech industry and was recently granted stock options. While I think I understand the process, I'm hesitant to go-it-alone with TurboTax.

Can anyone recommend an financial advisory/tax firm that has experience with stock options? (Doesn't necessarily have to be San Francisco-based).
by birdec
Mon Sep 26, 2016 5:53 pm
Forum: Investing - Theory, News & General
Topic: [How does one exercise] Private company stock options
Replies: 7
Views: 994

[How does one exercise] Private company stock options

My wife works for a private company and was granted stock options (ISOs). If we exercise all shares according to the vesting schedule, it would cost around $8,500 per year. I understand stock options conceptually but I have a few questions about the mechanics of exercising them. Some questions I hav...
by birdec
Thu Aug 20, 2015 5:51 pm
Forum: Personal Investments
Topic: Rolling over a 401k with before and after tax money
Replies: 1
Views: 288

Rolling over a 401k with before and after tax money

I have a company savings plan (401k) with before tax and after tax money at Vanguard and am trying to transfer it all to my Roth IRA at Fidelity for simplicity. It's about $1500 pre tax and $200 after tax - my tax rate is around 15%. Vanguard recommended sending me a check and depositing it myself. ...
by birdec
Sat Aug 15, 2015 12:10 am
Forum: Personal Investments
Topic: 401k: End of internship = former employer?
Replies: 1
Views: 365

401k: End of internship = former employer?

I had a 401k through Vanguard as part of my internship this summer and now that the internship has ended, am I free to roll it over to my Roth at Fidelity? I've never rolled over a 401k so I want to make sure I'm free and clear. If it matters, I will most likely intern again next summer at the same ...
by birdec
Tue Apr 28, 2015 12:43 pm
Forum: Personal Investments
Topic: Can you make trades directly between investments?
Replies: 13
Views: 1313

Re: Can you make trades directly between investments?

I just placed a sell order for a mutual fund in the middle of the day. On Fidelity though, my "Cash Available to Trade" balance is still zero and I'm unable to buy an ETF. I'm guessing I'll be able to buy the ETF tomorrow. So does this mean that Scenario 2 above only applies when you're going from E...
by birdec
Sun Apr 26, 2015 7:41 pm
Forum: Personal Investments
Topic: Can you make trades directly between investments?
Replies: 13
Views: 1313

Re: Can you make trades directly between investments?

I'm trying to figure out the settlement date stuff for ETFs. So which of these scenarios would work: Scenario 1: Place sell order for VHT on Monday 2pm Place buy order for VTI on Tuesday 10am Scenario 2: Place sell order for VHT on Monday 2pm Place buy order for VTI on Monday 2:30pm Scenario 3: Plac...
by birdec
Sun Apr 26, 2015 9:40 am
Forum: Personal Investments
Topic: Can you make trades directly between investments?
Replies: 13
Views: 1313

Can you make trades directly between investments?

I have a Fidelity account and am trying to figure out the mechanics of Placing an order. Is it possible to exit my entire position in ETF #1 and put that money directly in ETF #2 (kind of like transferring money between two accounts at Ally)? Or do I have to sell, wait for it to show up in the defau...
by birdec
Wed Apr 22, 2015 4:47 pm
Forum: Personal Investments
Topic: Which of these bond funds is best?
Replies: 4
Views: 820

Which of these bond funds is best?

These are the fixed income options in my 401k (Ticker, ER): American Century Infl-Adj Bond Instl (AIANX, .27%) PIMCO Total Return Admin (PTRAX, .71%) JHancock Income R4 (JSNFX, .69%) Eaton Vance Floating Rate A (EVBLX, .99%) AllianzGI High Yield Bond Administrative (AYBVX, .97%) This would represent...
by birdec
Tue Mar 31, 2015 9:58 pm
Forum: Investing - Theory, News & General
Topic: Investing in the industry you work in
Replies: 21
Views: 2568

Investing in the industry you work in

Is it wise to invest in the industry you work in? I have an economics background and read an article awhile ago (can't find it now) about diversifying both your intellectual and financial capital. It seems like an interesting idea and wonder what y'all think. (Most of my money is in TSM but I think ...
by birdec
Wed Dec 03, 2014 6:50 pm
Forum: Personal Investments
Topic: Automatic investing in a slice and dice portfolio
Replies: 2
Views: 661

Re: Automatic investing in a slice and dice portfolio

Thanks I've seen that. Do you know if one transfer can be split across multiple mutual funds or would you have to set up a transfer for each individual mutual fund? (I only have one MF in there right now so it's hard to tell). Also, it looks like they only have quarterly and monthly frequency. No bi...
by birdec
Wed Dec 03, 2014 4:26 pm
Forum: Personal Investments
Topic: Automatic investing in a slice and dice portfolio
Replies: 2
Views: 661

Automatic investing in a slice and dice portfolio

I'm pretty young and my investing experience up until this point has been contributing to a 401k every paycheck and writing a couple $5,500 checks to max out two Roths this year. The 401k has an S&P fund in it and the IRAs has an extended market fund. As the honey pot gets bigger, I'm thinking about...
by birdec
Mon Nov 24, 2014 2:48 pm
Forum: Non-US Investing
Topic: index funds available for romanian citizens?
Replies: 13
Views: 5405

Re: index funds available for romanian citizens?

Am bani de dat - am datorii la stat! Postul tau mi-amintesc de cantecul asta. Salut din America! Am stat doi ani in Romania dar am pierdut limba ca n-am cu cine sa vorbesc. Oricum... Tradeville might be your best bet. Expense ratios seem hard to come by from what I've looked at. Also, I'm not sure a...
by birdec
Sun Nov 23, 2014 11:29 pm
Forum: Personal Investments
Topic: Fidelity vs Scottrade
Replies: 16
Views: 5920

Fidelity vs Scottrade

I know these threads are super annoying but I'm trying to decide between Fidelity and Scottrade to do my non-Vanguard investing. I'm planning on having the bulk of my investments at Vanguard and potentially make partial account transfers between the 2 brokerages when I need to. There seems to be a l...
by birdec
Sat Nov 22, 2014 12:38 am
Forum: Personal Investments
Topic: Transferring part of an IRA
Replies: 3
Views: 712

Re: Transferring part of an IRA

Ok I don't see "liquidate" on the form anywhere but there are options for transferring cash, transferring debit, and then an area for stock symbols and # of whole shares.

So I would probably just check the transferring cash box and indicate how much I want to transfer right?
by birdec
Sat Nov 22, 2014 12:12 am
Forum: Personal Investments
Topic: Transferring part of an IRA
Replies: 3
Views: 712

Transferring part of an IRA

I have some money in a Vanguard IRA and want to move as much as possible to another broker without closing out the VG account. It looks like the minimum account balance at VG is $1000 in a target fund. Should I move everything to this target fund and then, once it's all in there, mail in the transfe...
by birdec
Wed Nov 19, 2014 9:35 pm
Forum: Personal Investments
Topic: IRAs at different brokerages
Replies: 3
Views: 841

IRAs at different brokerages

I just discovered some brokerages sometimes have lower minimum investments than what's stipulated by the fund family. For example, a fund I'm looking has a $25,000 minimum investment according to the prospectus but at Schwab the minimum investment is $1,000 and only $100 at Scottrade. That blows my ...
by birdec
Fri Jul 18, 2014 6:04 pm
Forum: Personal Investments
Topic: Just set up VG acct, can I combine household assets?
Replies: 4
Views: 460

Just set up VG acct, can I combine household assets?

I just transferred my IRA to Vanguard and am about to transfer my wife's IRA as well. Do I have to create a whole new account for my wife or is there any way I can add her assets to my existing account? It would be nice to see everything in one place but I know the whole Individual Retirement Accoun...
by birdec
Fri Jul 11, 2014 12:55 pm
Forum: Personal Investments
Topic: Family member as Financial Advisor
Replies: 35
Views: 4829

Re: Family member as Financial Advisor

Thanks for the quick replies. He has around $20M in AUM so my few thousand dollars shouldn't make a huge difference. I'm close to my dad and we talk about money all the time. I'll see what my mom says. Regarding the investment choices, he recommended mid caps so I chose that particular ETF (I fully ...
by birdec
Fri Jul 11, 2014 11:17 am
Forum: Personal Investments
Topic: Family member as Financial Advisor
Replies: 35
Views: 4829

Family member as Financial Advisor

Hey so, I'm 26 and, between us, my wife and I have about $10,000 in our IRA accounts. (There's also a 401k with $5,000 in SPY). My dad is a professional financial advisor so we opened up our IRA accounts at his place earlier this year. One account is a mid cap ETF (IWS) and the other a tech mutual f...