Search found 169 matches

by theplayer11
Tue Oct 17, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp Solo 401k Salary Deferral (How to)
Replies: 15
Views: 721

Re: S-Corp Solo 401k Salary Deferral (How to)

have you contributed to the SEP on the employer side this year? If so and it's a 5305 type SEP(most are)..then you can't contribute to both the SEP and 401k in the same year. I just went through this, and there is a work around. Transfer SEP to Schwab as they have a prototype SEP that will allow you...
by theplayer11
Sun Oct 15, 2017 7:52 am
Forum: Personal Consumer Issues
Topic: Negotiating for a new car purchase
Replies: 52
Views: 3109

Re: Negotiating for a new car purchase

get the invoice price and then walk into the dealership and simply ask, "how much above invoice will you sell me this car for".
by theplayer11
Fri Oct 13, 2017 2:56 pm
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 160
Views: 13706

Re: What's your asset allocation and why?

52/50 yrs old
65/35
never held bonds until this year, bogleheads taught me well.
by theplayer11
Thu Oct 12, 2017 3:04 pm
Forum: Personal Consumer Issues
Topic: Going First Class
Replies: 42
Views: 2351

Re: Going First Class

Flew first class on points to Europe and thought it was much overrated. Unless you are very tall or overweight, coach seats are fine. I was actually annoyed by the attendants coming around what seemed like every half hour. No..I don't need to eat or drink every few hours, I don't do it at home and d...
by theplayer11
Thu Oct 12, 2017 2:05 pm
Forum: Personal Consumer Issues
Topic: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!
Replies: 26
Views: 1770

Re: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!

We went to Switzerland this past Feb and had a great vacation..40+ degrees, no big deal at all. What a absolutely gorgeous country...still can't get over the beauty. We have just booked Germany(Munich, Stuttgart) for this Feb. Wear a coat and you will be fine...take the train and visit various towns...
by theplayer11
Tue Oct 10, 2017 5:35 pm
Forum: Personal Consumer Issues
Topic: Best weight loss resources?
Replies: 54
Views: 2284

Re: Best weight loss resources?

Weight loss is even simpler than indexing, IMO. Figure out your maintenance calories, consume less calories than your maintenance. Unless you are a freak to science, you will lose weigh. The amount of meals, types of food, and supplements do not matter. Calories in Vs. Calories out. Incredibly simp...
by theplayer11
Tue Oct 10, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 3709

Re: HSA’s: What level of risk do you prefer?

80/20-vanguard life strategy growth.
by theplayer11
Tue Oct 10, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Worth moving existing i401k from Vanguard elsewhere?
Replies: 9
Views: 529

Re: Worth moving existing i401k from Vanguard elsewhere?

recently transferred SEP IRA from vanguard to schwab and process was fairly smooth....couple hick ups were my fault on the application. I believe assets transferred in less than a week
by theplayer11
Sun Oct 08, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11092

Re: Millionaire Next Door (Thank you Bogleheads)

congrats..but the problem I have with posts like these if what happens when the market corrects 30%?
Maybe I'm superstitious...but not sure I would announce this right at $1m..lol
by theplayer11
Sun Oct 08, 2017 9:01 am
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 144
Views: 22933

Re: So someone drained $13k from my checking account...

One problem with autopaying by credit card is the potential to miss a payment. If the issuer puts a temporary hold on or cancels the card for whatever reason, or sends a replacement card with new account number, and the timing is right or you forget to update the autopay payee, you could potentiall...
by theplayer11
Sat Oct 07, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Health Savings Account recommendation
Replies: 22
Views: 1915

Re: Health Savings Account recommendation

had HSA Bank, but did not like having to keep $5k in cash to avoid the fees. Switched to Saturna..the cheapest option if you are trading 1 or 2 times a year. It's only $3/mo if your cash balance is under $5k isn't it? For other people using HSA Bank just invest all the money you can and eat the $3/...
by theplayer11
Fri Oct 06, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Health Savings Account recommendation
Replies: 22
Views: 1915

Re: Health Savings Account recommendation

had HSA Bank, but did not like having to keep $5k in cash to avoid the fees. Switched to Saturna..the cheapest option if you are trading 1 or 2 times a year.
by theplayer11
Mon Oct 02, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 6033

Re: Are credit cards rewards worth it?

I kind of enjoy our free European vacations...yes, it's worth it
by theplayer11
Sun Oct 01, 2017 6:25 am
Forum: Personal Finance (Not Investing)
Topic: HSA >2% owner contributions Quickbooks
Replies: 3
Views: 305

Re: HSA >2% owner contributions Quickbooks

yes, I like option 3 better has it gives a separate line on box 14. It will show the actual HSA contribution opposed to option 1 which adds the HSA contr. to the Health care premiums under 1 line, Scorp MD. Having a separate line as fringe benefits with a $6,750 figure makes it fairly clear it was t...
by theplayer11
Sat Sep 30, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: HSA >2% owner contributions Quickbooks
Replies: 3
Views: 305

HSA >2% owner contributions Quickbooks

Ok..I realize that HSA contributions by > 2% owner are treated like health care premiums...paid by the company, reported on box 1 and box 14 of W2. The problem I have is how to set up in Quickbooks. If you choose the tax tracking as "HSA Co.", either taxable or non taxable, QB throws it in box 12 wi...
by theplayer11
Thu Sep 28, 2017 8:48 pm
Forum: Investing - Theory, News & General
Topic: Convert SEP IRA to Solo 401 K
Replies: 13
Views: 1305

Re: Convert SEP IRA to Solo 401 K

My wife and I opened the SEPs with Schwab. Very simple, just waiting on the transfers from Vanguard now. I amended the plan to their prototype plan(not 5305) to 1/1/17. This will allow us to contribute our employee deferrals to our solo 401ks(also easily just set up with Schwab). Thank you Spirit Ri...
by theplayer11
Wed Sep 27, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9567

Re: My boneheaded financial mistakes

I'm actually surprised that someone hasn't said they made a mistake buying a timeshare week. I've bought 2 at vastly discounted prices, put them to good use, and have no regrets. However the vast number of Bogleheads here think timeshares are very much a financial mistake. bought a flex week in Aru...
by theplayer11
Wed Sep 27, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9567

Re: My boneheaded financial mistakes

2000 tech stock bubble, hit the jackpot on a few penny stocks that went through the roof, but was too young, naive and stupid to sell and take the profits. Pissed away well over $400K... :oops:
by theplayer11
Wed Sep 27, 2017 8:25 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 91
Views: 7722

Re: New HSA provider Lively offers investments for $30/yr fee

HSA Authority and Saturna both have a limited selection of funds. Lively appears to be the cheapest full brokerage option. HSA Bank has higher fees, and Selectaccount has a $10k minimum for their Schwab option. I am very interested in this. why do you say Saturna has a limited selection of funds? L...
by theplayer11
Mon Sep 25, 2017 9:29 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 11627

Re: Lifestyle Creep

lots of first class flights mentioned. We flew first class on points a few years ago to London and economy on the way home. Sure FC was nice(although I thought the attendants came around too often offering stuff) but definitely not worth the price difference. Economy was fine. Maybe taller are wider...
by theplayer11
Mon Sep 25, 2017 8:57 pm
Forum: Personal Consumer Issues
Topic: I ran out of credit card signups bonus...
Replies: 75
Views: 7427

Re: I ran out of credit card signups bonus...

If a CC company didn't want to lend credit to a "business" with no employees and $0 revenue...they could always deny the application.
by theplayer11
Sun Sep 24, 2017 7:50 am
Forum: Personal Consumer Issues
Topic: Older or younger people travel around?
Replies: 31
Views: 3159

Re: Older or younger people travel around?

we really don't meet other tourists on our vacations. We tend to go off season and do our own thing.
by theplayer11
Sat Sep 23, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: Convert SEP IRA to Solo 401 K
Replies: 13
Views: 1305

Re: Convert SEP IRA to Solo 401 K

No, you do not need to have a one-participant 401k at the same provider as your SEP IRA. However, Vanguard's Individual 401k is a poor choice for your one-participant 401k: You do not have access to the lower expense ratio Admiral shares. You can not rollover the SEP IRA. You can not restrict emplo...
by theplayer11
Sat Sep 23, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: Convert SEP IRA to Solo 401 K
Replies: 13
Views: 1305

Re: Convert SEP IRA to Solo 401 K

Great thread...my question is do you have to hold both the solo 401k and prototype SEP both at Schwab? I was thinking of transferring my SEP from Vanguard to Schwab, adopting their prototype SEP, but opening the solo 401k with Vanguard. The reason would be because I already maxed out the SEP with Va...
by theplayer11
Fri Sep 22, 2017 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Reversing [S-Corp] distribution?
Replies: 5
Views: 450

Re: Reversing scorp distribution?

If the transfer back is in the same year, it should be fine. You basically had a distribution, lowering your basis, but then re-contributed it back to capital, increasing your basis. Should be a nothing and I wouldn't report in on 1120S, only NET distributions. I am not sure about not reporting it ...
by theplayer11
Fri Sep 22, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Reversing [S-Corp] distribution?
Replies: 5
Views: 450

Re: Reversing scorp distribution?

bump....any opinions?
by theplayer11
Fri Sep 22, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Reversing [S-Corp] distribution?
Replies: 5
Views: 450

Reversing [S-Corp] distribution?

What if I recently made a distribution(simple transfer between business and personal accounts at same bank), but then decided to take the distribution as payroll instead or just leave in the business? Can I simply transfer the money back?
Any ramifications?
by theplayer11
Thu Sep 21, 2017 6:42 am
Forum: Investing - Help with Personal Investments
Topic: solo 401k, husband and wife LLC
Replies: 20
Views: 776

Re: solo 401k, husband and wife LLC

thanks for all the help. One more question...how do you figure the employer contribution amount of an LLC filing as Scorp? I know it's 25% of "earnings", but the amount in box 1 of the W2 would be reduced by the employee contribution...correct?..and box 5 does not show health care premiums and HSA c...
by theplayer11
Wed Sep 20, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k, husband and wife LLC
Replies: 20
Views: 776

Re: solo 401k, husband and wife LLC

wow..thanks for that. So he was wrong in saying I could set up a solo 401k next year then? I told him I currently had a SEP with Vanguard. So I would have to change my current SEP IRA to another designation...and since Vanguard can't do that, I would first have to transfer to another institution ju...
by theplayer11
Wed Sep 20, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k, husband and wife LLC
Replies: 20
Views: 776

Re: solo 401k, husband and wife LLC

another question..reading about rolling over SEP iras to 401k then back door Roth IRA. Is this only advisable to higher income situations or is this worthwhile with anyone currently holding a SEP? Very confused now with what to do with my current SEP, actually SEPS as my wife has same as me. Would w...
by theplayer11
Wed Sep 20, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k, husband and wife LLC
Replies: 20
Views: 776

Re: solo 401k, husband and wife LLC

It's a regular SEP plan...and a quick google search shows that the Vanguard rep is wrong. You can contribute to both the same year. Not sure why he said I can't have more than 1 active plan a year. I questioned him and he repeated a few times. The Vanguard rep was not wrong, they just did not give ...
by theplayer11
Wed Sep 20, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k, husband and wife LLC
Replies: 20
Views: 776

Re: solo 401k, husband and wife LLC

Vanguard just told me probably best to wait to set up the solo 401k until next year as I already contributed to my SEP this year because the IRS only allows 1 active plan a year. So, just setting it up this year, might cause a problem. Make sense..or not? It depends on what type of SEP plan it is -...
by theplayer11
Wed Sep 20, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k, husband and wife LLC
Replies: 20
Views: 776

Re: solo 401k, husband and wife LLC

Vanguard just told me probably best to wait to set up the solo 401k until next year as I already contributed to my SEP this year because the IRS only allows 1 active plan a year. So, just setting it up this year, might cause a problem. Make sense..or not?
by theplayer11
Wed Sep 20, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: solo 401k, husband and wife LLC
Replies: 20
Views: 776

Re: solo 401k, husband and wife LLC

avalpert In my situation, should I go Roth on the employee contribution or pre-tax? Looking in Quickbooks, pre-tax would lower my state payroll taxes a bit, FICA stays the same. What is your current marginal tax rate and what do you anticipate your marginal tax rate to be in retirement? 25% now, sa...
by theplayer11
Wed Sep 20, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: solo 401k, husband and wife LLC
Replies: 20
Views: 776

Re: solo 401k, husband and wife LLC

avalpert
In my situation, should I go Roth on the employee contribution or pre-tax? Looking in Quickbooks, pre-tax would lower my state payroll taxes a bit, FICA stays the same.
by theplayer11
Wed Sep 20, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: solo 401k, husband and wife LLC
Replies: 20
Views: 776

solo 401k, husband and wife LLC

Hi, I would like some advice on possibly setting up a solo 401k. Background: -Husband and wife LLC, file as Scorp-50% owners - my W2 income $37.5k(includes HSA contribution and 1/2 Health Ins. premiums) - wife W2 income $30.5k -already have a SEP established and maxed out with $17k this year Up unti...
by theplayer11
Sun Sep 17, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: How long did it take for Equifax to email you a security sign up?
Replies: 69
Views: 5417

Re: How long did it take for Equifax to email you a security sign up?

My "date" was last Tuesday and I filled out the form. Still no response re pin number, etc from Equifax. I wrote that last Friday. Yesterday I received the email and joined trustedid.com. However, I then received an error message advising me to call customer support. The line was busy. Twice. I cal...
by theplayer11
Sun Sep 17, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: How long did it take for Equifax to email you a security sign up?
Replies: 69
Views: 5417

Re: How long did it take for Equifax to email you a security sign up?

received 2 emails last night for wife and I. I used same email address for both of us and Equifax wouldn't set up trustedID for my wife....stating account already established. They need to get it together.
by theplayer11
Fri Sep 15, 2017 10:04 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11145

Re: Account security - Hackers gain access to mobile and then break havoc

this thread scared me enough to change receiving a code before log in from a text to a home phone call. if a hacker ported your # to their phone and one of your account holders called your #, the hacker would just pretend to be 'you' as they would be answering your phone. :?: code now comes to land...
by theplayer11
Fri Sep 15, 2017 9:46 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11145

Re: Account security - Hackers gain access to mobile and then break havoc

this thread scared me enough to change receiving a code before log in from a text to a home phone call. if a hacker ported your # to their phone and one of your account holders called your #, the hacker would just pretend to be 'you' as they would be answering your phone. :?: code now comes to land...
by theplayer11
Fri Sep 15, 2017 7:58 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11145

Re: Account security - Hackers gain access to mobile and then break havoc

this thread scared me enough to change receiving a code before log in from a text to a home phone call.
Seems like a simple enough change in case a thief gained access to my cell phone and someone had enough other info to do damage.
I also locked mobile device access that I really didn't use or need.
by theplayer11
Fri Sep 15, 2017 6:33 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20164

Re: Iphone X is $1000

SE for $150 is the best bang for your buck. Same processor as the 6s
by theplayer11
Fri Sep 15, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: TransUnion - Credit Lock vs. Freeze
Replies: 9
Views: 828

Re: TransUnion - Credit Lock vs. Freeze

Gray wrote:
Fri Sep 15, 2017 9:35 am
Fraud alert or Security Freeze.

There is no lock. lock is part of catchy advertising for monitoring.
Not sure about that, it clearly states it blocks access to your credit report
by theplayer11
Fri Sep 15, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: How long did it take for Equifax to email you a security sign up?
Replies: 69
Views: 5417

Re: How long did it take for Equifax to email you a security sign up?

no email, but what they are offering is not really a big help. I believe you are notified when new accounts are opened in your name. I would hope to be notified off any inquiries...can someone clarify?
by theplayer11
Mon Aug 21, 2017 5:52 pm
Forum: Personal Consumer Issues
Topic: iPhone upgrade through Apple vs through carrier
Replies: 19
Views: 1738

Re: iPhone upgrade through Apple vs through carrier

get Cricket, 5 lines for $100, they use ATT towers. I never had paid the full price for new phones..many cheaper options. $650+, even in installments is ridiculous imo edit- if battery not lasting after about 2 years, just get a new battery. Too many rush to get a new phone at this point when there ...
by theplayer11
Sat Aug 19, 2017 5:43 pm
Forum: Personal Consumer Issues
Topic: Best place to sell my used iPhone?
Replies: 28
Views: 2524

Re: Best place to sell my used iPhone?

I've sold multiple phones(10 or so) over the years and many, many other items on ebay without any problems.
by theplayer11
Sat Aug 19, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Kitchen Remodel Price/Contractor Dispute
Replies: 37
Views: 3908

Re: Kitchen Remodel Price/Contractor Dispute

I wouldn't pay it. State the reason to the contractor and see what comes of it..probably nothing.
I don't like the just pay it comments...I never throw away money, any size.
by theplayer11
Fri Aug 18, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 64
Views: 4719

Re: Powerball - $510 million?

I find it amusing how so many won't bother to buy a ticket when the jackpot is say $60-70M, but the stores have lines around the corner when it reaches such a huge amount.
Personally, I've never bought a ticket and never will..winning would ruin my life and probably my children's.
by theplayer11
Sun Aug 13, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 3835

Re: Health Savings Account

If I were going to contribute to an HSA for 30 or 40 years, I'd definitely use the HSA to pay for the smaller ongoing healthcare expenses rather than keeping a stack of receipts for decades. But I was already in my 50s when our company started offering a high-deductible plan/HSA option, so I only h...