Search found 160 matches

by tmcc
Sat Jun 09, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: Found an FSBO home for sale. How to avoid Realtor?
Replies: 42
Views: 3900

Re: Found an FSBO home for sale. How to avoid Realtor?

You can, but as a buyer you aren't paying for the realtor's services so it doesn't make a lot of sense. The seller will be paying your realtor fee. this is a misconception and outright wrong. seller's pricing factors in 6% of their gross for realtor costs. if they know that they won't be incurring ...
by tmcc
Sat Jun 09, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3461

Re: Porsche Macan

if you buy new, discounts are trivial at best. imo, find an adult owned private seller on ebay or cargurus that has the options you want. be patient. you'll have substantially the same car for much less than MSRP. dealers always screw people hard on trade value. there is substantial ground to play ...
by tmcc
Sat Jun 09, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3461

Re: Porsche Macan

if you buy new, discounts are trivial at best. imo, find an adult owned private seller on ebay or cargurus that has the options you want. be patient. you'll have substantially the same car for much less than MSRP. dealers always screw people hard on trade value. there is substantial ground to play w...
by tmcc
Thu Jun 07, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: Is there a forum for legal matters?
Replies: 18
Views: 2043

Re: Is there a forum for legal matters?

also be wary of disclosure of your legal issue in a public forum (internet). if you end up in arbitration or court, that may be a serious issue if you gave away key details to try to drum up a free lunch to save on fees. if the counterparty finds your thread, rest assured they will use it against yo...
by tmcc
Thu Jun 07, 2018 5:49 am
Forum: Personal Consumer Issues
Topic: Switching car insurance agents
Replies: 15
Views: 1554

Re: Switching car insurance agents

if you have a broker for home insurance/umbrella/whatever , you could try giving them a call. my home insurance broker/agent has dug up the best rates for me and I usually change annually if its more than $100 or so. he makes money, i save money - its a good deal for everyone. whenever I have tried ...
by tmcc
Thu May 31, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: Entreprenuerial opinions/advice
Replies: 7
Views: 914

Re: Entreprenuerial opinions/advice

Thank you for the feedback. I reached out to setup a mentoring session through Score. TBD!
by tmcc
Thu May 31, 2018 7:49 am
Forum: Investing - Theory, News & General
Topic: Entreprenuerial opinions/advice
Replies: 7
Views: 914

Entreprenuerial opinions/advice

I am trying to bring an idea to life. I'm struggling with how to go from early stage concept to reality. Here is what I have done thus far at a summary level: 1. R&D costs for technical feasibility 2. Legal/org costs for boiler plate NDA, org docs and entity structure 3. 5 year business strategy 4. ...
by tmcc
Mon May 21, 2018 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Lender Funded Without Authorization
Replies: 5
Views: 866

Re: Lender Funded Without Authorization

Do you have any actual damages? Or did they just send a wire then pull it? If you lose the contract, I think you definitely have something to discuss. The presentation of your question seems like it largely depends on if the contract is fulfilled and the circumstances of the untimely funding as pert...
by tmcc
Mon May 14, 2018 7:40 pm
Forum: Investing - Theory, News & General
Topic: Gross Margin - why aren't traffic acquisition costs counted as COGS for tech companies?
Replies: 16
Views: 953

Re: Gross Margin - why aren't traffic acquisition costs counted as COGS for tech companies?

basic accounting also introduces the matching principle: revenue should be matched with expenses. if a company's revenue is directly driven by what is currently an operating expense then clearly GAAP accounting rules have been left behind, hm? How could you make a case that advertising is a cost in...
by tmcc
Mon May 14, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 12103

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

why contribute after tax to a 401k if there is no deduction favorability or FIT wage reduction? :shock:

just save the equivalent after tax money to a brokerage......... right? am I missing something obvious?
by tmcc
Mon May 14, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: Gross Margin - why aren't traffic acquisition costs counted as COGS for tech companies?
Replies: 16
Views: 953

Re: Gross Margin - why aren't traffic acquisition costs counted as COGS for tech companies?

Advertising is considered to be an operating expense. It affects net profits, not gross margins. Basic accounting. basic accounting also introduces the matching principle: revenue should be matched with expenses. if a company's revenue is directly driven by what is currently an operating expense th...
by tmcc
Sat May 12, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 45507

Re: Lucrative careers?

Pharmacist Not an easy program or job but starting salary over $100K from day one. Edit- more like $120K The pill counters are one of the first health care professions that will be automated. The ratio of pharmacists employed per pharmacy is going to go wayyyyyyy down in the next few years. Radiolo...
by tmcc
Sat May 12, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: Computer Remote Access
Replies: 29
Views: 3648

Re: Computer Remote Access

I've setup port forwarding and used VNC as a cheap, easy, temporary, might get pwned solution. Running a VPN would be a bit better. But I have the personality of a Russian robot anyway, so it hasn't been an issue. I used to do that with RDP and found that someone had been trying to brute force the ...
by tmcc
Sat May 12, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 45507

Re: Lucrative careers?

Pharmacist Not an easy program or job but starting salary over $100K from day one. Edit- more like $120K The pill counters are one of the first health care professions that will be automated. The ratio of pharmacists employed per pharmacy is going to go wayyyyyyy down in the next few years. Radiolo...
by tmcc
Thu May 10, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: Annoying IRA rollover problem
Replies: 6
Views: 705

Re: Annoying IRA rollover problem

Yes, that is option #1. I would only contribute to the min to actually buy a fidelity total market fund ($2500, I think) though because I'd prefer to save in a taxable account.
by tmcc
Thu May 10, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: Annoying IRA rollover problem
Replies: 6
Views: 705

Annoying IRA rollover problem

I forgot about my 401k from my first job nearly 10 years ago. I funded it very lightly at the time because it was during the financial crisis. Little did I know..... Anyway, Putnam has been chipping away $100 in fees per year for about 10 years. Fast forward to now, the amount that's left is pretty ...
by tmcc
Thu May 03, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Anyone else have problems with appliances from Home Depot?
Replies: 36
Views: 9295

Re: Anyone else have problems with appliances from Home Depot?

The house i bought last year included vintage appliances. The refrigerator is a subzero side by side from the 70s. Its still rocking 8-)
by tmcc
Wed May 02, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Restricted Stock Units and Stock Options Strategy
Replies: 21
Views: 2266

Re: Restricted Stock Units and Stock Options Strategy

i sell mine immediately as well. your base, bonus and equity are all tied to this company. unless its a real mover mover, the less thats tied up in your main place of employment, the better. then maybe keep half or something similar.
by tmcc
Wed May 02, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 36821

Re: KF's simple rules to achieve FI [Financial Independence]

KF, I started using the % of expense method to measure my savings rate in my budget. Its a solid method so thanks for that. I am curious how people look at debt based obligations like a mortgage when factoring in the asset multiplier that one needs for financial independence. For example, I expect t...
by tmcc
Sun Apr 29, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Money market funds - under par interest rates
Replies: 15
Views: 1948

Re: Money market funds - under par interest rates

So are online savings account banks buying 10 years and offering 2% savings rates and pocketing the 1%? how do i apply to become a bank again? :D
by tmcc
Sun Apr 29, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP taxing rules, to hold or not to hold
Replies: 28
Views: 2432

Re: ESPP taxing rules, to hold or not to hold

dont do it unless you have a high amount of confidence in your company's stock staying flat or growing in price. 2 years is a long time. meanwhile, youll have to pay the advance tax on the "discount" that might not exist by the time you sell.
by tmcc
Sun Apr 29, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: Money market funds - under par interest rates
Replies: 15
Views: 1948

Money market funds - under par interest rates

I have several short term cashflow needs that will be happening soon. i would like to at least keep the interest rolling if possible. I have this money sitting in a schwab money fund SNSXX. I am confused because the yield is only 1.35% per schwab. online savings accounts are now touching 2.0%. why a...
by tmcc
Sat Apr 28, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 12527

Re: Amazon to raise Prime membership in US to $119 from $99

I have a personal problem with the scale of amazon's operation. I am not renewing prime and I avoid buying anything from them if possible.
by tmcc
Sat Apr 28, 2018 7:09 am
Forum: Personal Consumer Issues
Topic: Home reroofing
Replies: 4
Views: 1194

Home reroofing

I am about to begin a house reroofing project. The scope of work includes removing the old roof, replace any and all rotted wood, new vents etc, new fascia board but not soffits. My soffits are stucco and the particular roofer I have chosen doesn't do that. I have a different guy for that in the eve...
by tmcc
Sun Apr 15, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Use 25k From Brokerage Account For Investment Property?
Replies: 29
Views: 2896

Re: Use 25k From Brokerage Account For Investment Property?

is that management fee per month or per lease?
by tmcc
Sun Apr 15, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash back card right NOW.
Replies: 34
Views: 4973

Re: Best cash back card right NOW.

citi cash rewards (2% on all, no fee) or alliant cash back (3% intro rate waived fee, 2.5% after intro w/ $65/yr)

i think there is a fidelity 2% master card as well but you have to have an account.
by tmcc
Sun Apr 15, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Estimated Tax Planning
Replies: 9
Views: 1092

Re: 2018 Estimated Tax Planning

you didnt provide nearly enough info unless this is a ouija board exercise are you w2, 1099, or what? do you anticipate making more or less in 2018 versus 2017? do you have employer deductions? cap loss carryforward? casualty losses? itemize or standard deduction? children? head of household? mortga...
by tmcc
Thu Apr 12, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: To HSA or HSA -- explain like I'm 5.
Replies: 32
Views: 3297

Re: To HSA or HSA -- explain like I'm 5.

if your employer is contributing and there is no payroll deduction to have the plan, that is a total no brainer

even if you have kids, its a no brainer.
by tmcc
Tue Apr 10, 2018 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 15930

Re: Ivy school education. Is it worth it?

To OP, If your child is an avg student in HS, the likihood of them succeeding in an Ivy is extremely slim. Very rarely will one suddenly turn on a switch and start improving their study habits in upper education. It is much better for someone to enroll in the school that is their level where they c...
by tmcc
Mon Apr 09, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone at Goldman Sachs/Marcus bank 1.5%?
Replies: 44
Views: 10639

Re: Anyone at Goldman Sachs/Marcus bank 1.5%?

Help me understand why an online savings account can offer a 1.7% yield but the schwab and vanguard govt funds can't break 1.5% in investor shares :?

i would like to know what exactly is in the 1.7%
by tmcc
Mon Apr 09, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: Tequila and Magaritas
Replies: 75
Views: 7608

Re: Tequila and Magaritas

the tequila doesnt matter as much as the triple sec. and after the first one, neither really matters that much. i continue to struggle with getting the right amount of salt on the rim without overdoing it..... :?
by tmcc
Sun Apr 08, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Really?? "Hummer loophole" (Section 179+bonus depreciation deductions) for simple rental property biz?
Replies: 15
Views: 2010

Re: Really?? "Hummer loophole" (Section 179+bonus depreciation deductions) for simple rental property biz?

qualification is a matter of interpretation sometimes. take the most aggressive, rational deduction possible, keep records and enjoy the road trips. worst case, you owe back taxes and some penalties.
by tmcc
Sun Apr 08, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 15930

Re: Ivy school education. Is it worth it?

Pedigree is everything these days. Anyone suggesting otherwise is deluding oneself

Your degree and post college experience from 1982 is irrelevant in 2018
by tmcc
Sat Apr 07, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: How to sell a diamond?
Replies: 8
Views: 1371

Re: How to sell a diamond?

consider ebay or something like that. youll most likely get better resale than a direct to jeweler sale.
by tmcc
Sat Apr 07, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: monthly PMI OR lender paid PMI (higher mortgage rate)
Replies: 3
Views: 403

Re: monthly PMI OR lender paid PMI (higher mortgage rate)

definitely the 4.625%

at least when you hit 80% LTV you'll have a lower rate for the remainder of the loan period. you'd forgo the higher interet rate deduction on the tax side but then again you wouldn't have to pay the interest at all then.
by tmcc
Wed Apr 04, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: How did you file your income taxes?
Replies: 77
Views: 6277

Re: How did you file your income taxes?

free fillable forms
by tmcc
Mon Apr 02, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14674

Re: What’s the magic savings rate???

the ambiguity of savings rate percentages on different websites is very annoying. how do you guys weigh the combined pre/post savings vehicles? historically, i have just considered it all "after tax" when assessing it vs net. the probablity that its all after tax in retirement is very high. for exa...
by tmcc
Mon Apr 02, 2018 6:49 am
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14674

Re: What’s the magic savings rate???

the ambiguity of savings rate percentages on different websites is very annoying. how do you guys weigh the combined pre/post savings vehicles? historically, i have just considered it all "after tax" when assessing it vs net. the probablity that its all after tax in retirement is very high. for exa...
by tmcc
Sun Apr 01, 2018 8:59 pm
Forum: Personal Consumer Issues
Topic: Porsche 911 & Carmax?
Replies: 13
Views: 3269

Re: Porsche 911 & Carmax?

A while ago Jalopnik did an article on buying a high maintenance vehicle (Rangerover) from carmax and using their warranty. It worked out well for him. https://jalopnik.com/my-range-rover-s-carmax-warranty-is-now-half-over-and-i-1733772237 the carmax warranty is not what it was. the indemnity, stru...
by tmcc
Sun Apr 01, 2018 8:46 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 75
Views: 9990

Re: Do you invest in Real Estate ? Why ?

I have a commercial building. I paid $150,000 down in 2011 for a $1,375,000 purchase on a bank owned property. The tenants fund all the maintenance, taxes and the mortgage with their rents. Today the building is worth $2,200,000. The mortgage will be paid off in 2027. So then I will have a paid up ...
by tmcc
Sun Apr 01, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Planning to trade car with my friend. Need bogleheads' wisdom
Replies: 22
Views: 2304

Re: Planning to trade car with my friend. Need bogleheads' wisdom

so which car is it?

exotics tend to have value beyond that of MSRP. it becomes a personal issue. accordingly, you may be able to take a loss on a 1031 like kind exchange..... then have your friend pay you for the tax differential 8-)
by tmcc
Sun Apr 01, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14674

Re: What’s the magic savings rate???

the ambiguity of savings rate percentages on different websites is very annoying. how do you guys weigh the combined pre/post savings vehicles? historically, i have just considered it all "after tax" when assessing it vs net. the probablity that its all after tax in retirement is very high. for exam...
by tmcc
Sun Apr 01, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 3150

Re: medical practice reimbursement issues

Thanks for the responses...i'll pass the key points on to him. Does any one else think he may have an argument for mismanagement of the AR? I feel certain he has a claim for payments received by the practice but not allocated to him for his services. But wasn't sure he could hold them accountable f...
by tmcc
Sun Apr 01, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 3150

Re: medical practice reimbursement issues

get paid in terms of billed RVUs. base + $/RVU + bonus... problem solved. also, depending on your contract, you may be able to make a claim for mismanagement of the Accounts receivable. Not so fast!!! I think the bottom line point here is never accept a contract where factors outside of your contro...
by tmcc
Sat Mar 31, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 3150

Re: medical practice reimbursement issues

get paid in terms of billed RVUs. base + $/RVU + bonus... problem solved.

also, depending on your contract, you may be able to make a claim for mismanagement of the Accounts receivable.
by tmcc
Fri Mar 30, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contribution
Replies: 10
Views: 1422

HSA contribution

It seems like the HSA max amount annually is so trivial that I will never accumulate anything meaningful. I'll keep doing it ... but i read a thread on here that said 1 year of long term care is like $75k in todays dollars. how is $3400/yr going to do anything down the road?
by tmcc
Fri Mar 30, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Would appreciate some advice on opening a medical practice...
Replies: 14
Views: 1663

Re: Would appreciate some advice on opening a medical practice...

you will have to re-enroll in the insurance plans under your own TIN. it is a different business. you'd need medicaid, medicare, and major payers to enroll you and any nurse assistant.
by tmcc
Thu Mar 29, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 2115

Re: 401k vs Traditional IRA

they both have identical effective tax treatment provided you qualify for the full deduction to AGI