Search found 332 matches

by bryanm
Thu Nov 29, 2018 7:34 pm
Forum: Personal Investments
Topic: Question on S corp profit share funding of solo 401k
Replies: 11
Views: 519

Re: Question on S corp profit share funding of solo 401k

I was considering the same thing recently. I can't see any problem with it. I think the main issue is going to be accounting for the interest earned (but perhaps that just get taxed as income?).
by bryanm
Thu Nov 29, 2018 2:08 pm
Forum: Personal Investments
Topic: 401k contributions beyond $18,500 limit (how-to?)
Replies: 7
Views: 821

Re: 401k contributions beyond $18,500 limit (how-to?)

You'll want to confirm with your plan administrator, but in my practice, profit-sharing contributions are pre-tax. I fund them with post-tax earnings, but then get a deduction at tax time and get the tax back. Basically, I cut my firm a check for profit-sharing contributions, which they then deposit...
by bryanm
Thu Nov 29, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: Need advice on finding a coder
Replies: 6
Views: 944

Re: Need advice on finding a coder

How unique and amazing is this idea? Is it something that you should cover with a patent? If that’s the case (which is unlikely), then by all means, get an intellectual property attorney involved, file a patent application before moving forward, then get someone you can more closely control to do t...
by bryanm
Thu Nov 29, 2018 11:57 am
Forum: Personal Consumer Issues
Topic: How do you spend/kill time online?
Replies: 21
Views: 2873

Re: How do you spend/kill time online?

Case law on Google Scholar. And I'm not even a lawyer or a pretend one. Set it to "search all courts", type in a search term of some kind of interest, hobby, item, town, occupation, can lead to some interesting reading. For example, you can type in something like "Toyota Camry" and get everything f...
by bryanm
Thu Nov 29, 2018 11:34 am
Forum: Personal Consumer Issues
Topic: Need advice on finding a coder
Replies: 6
Views: 944

Re: Need advice on finding a coder

The quick answer here is yes, it's easier to enforce a contract against a party in the same country as you. However, enforcing contracts through the legal system is a costly thing anyway. If you don't have a few tens of thousands of dollars to spend enforcing the contract, you probably won't anyway,...
by bryanm
Tue Nov 27, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: LastPass Questions
Replies: 27
Views: 2146

Re: LastPass Questions

BogleMelon wrote: Tue Nov 27, 2018 1:32 pm
jhfenton wrote: Tue Nov 27, 2018 10:17 am I use the LastPass iPhone and iPad apps to autofill passwords (with TouchID authentication on each one), and I am not a premium subscriber.
Exactly, I have a phone App (Android) and still free user!
This was previously a premium feature, but is now available on the free tier too.
by bryanm
Tue Nov 27, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: LastPass Questions
Replies: 27
Views: 2146

Re: LastPass Questions

The main reason for the password managers is for organization purposes to keep track of all your passwords. If you don't have a million passwords, these things are usually overkill. I disagree. A primary benefit of a password manager is password diversification. The more times you reuse a password,...
by bryanm
Wed Oct 17, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Isn't Paying off the mortgage early putting less money in your house (not more)?
Replies: 96
Views: 10571

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

Most people don't have enough cash to buy a home outright. Hence, a mortgage. Once you DO have enough to buy it outright (pay off your loan), then it's simply a question of where you want your money to go, and whether you feel you will be better off investing it or paying off the loan. But make no ...
by bryanm
Fri Oct 12, 2018 12:11 pm
Forum: Personal Investments
Topic: over 55k in 401k with profit-sharing...
Replies: 14
Views: 715

Re: over 55k in 401k with profit-sharing...

Just got off the phone with Schwab. They say extra contribs can be pulled out of plan, and monies returned to me via income from employer. Main issue I see is getting my max $18.5k deduction this year. I have only contributed $14k YTD. Rest is from employer. I don't think you'll be able to get the ...
by bryanm
Fri Oct 12, 2018 10:34 am
Forum: Personal Investments
Topic: over 55k in 401k with profit-sharing...
Replies: 14
Views: 715

Re: over 55k in 401k with profit-sharing...

The limit includes profit sharing: Total employee and employer contributions (including forfeitures) - the lesser of 100% of an employee’s compensation or $55,000 for 2018 ($54,000 for 2017 not including "catch-up" elective deferrals of $6,000 in 2015 - 2018 for employees age 50 or older) (IRC secti...
by bryanm
Mon Oct 08, 2018 3:01 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 82750

Re: Talk me out of buying a Tesla Model 3

I was recently in this position. I decided on the 2018 Leaf. It's not as nice as the Tesla, no doubt. But it ran me ~$30k after tax incentives, and I would say it's easily 50% of the car the Tesla is. So the decision comes down to whether the extra benefits of the Tesla are worth the $45k surcharge...
by bryanm
Mon Oct 08, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 82750

Re: Talk me out of buying a Tesla Model 3

I was recently in this position. I decided on the 2018 Leaf. It's not as nice as the Tesla, no doubt. But it ran me ~$30k after tax incentives, and I would say it's easily 50% of the car the Tesla is. So the decision comes down to whether the extra benefits of the Tesla are worth the $45k surcharge....
by bryanm
Mon Oct 08, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Postponing the bonus to next year. Is it a good idea?
Replies: 30
Views: 2068

Re: Postponing the bonus to next year. Is it a good idea?

I don't see why not. The employer might not want to do it, since it changes their books for the year. I assume you don't want to or cannot defer the income some other way (e.g., 401(k) contribution or Traditional IRA)?
by bryanm
Tue Sep 25, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Someone stole my check from the mail, changed the amount, and deposited it
Replies: 61
Views: 10227

Re: Someone stole my check from the mail, changed the amount, and deposited it

My hunch is that you get your money back. It's been a long time since I studied the Uniform Commercial Code (UCC), but cashing a check with a fraudulent endorsement is usually on the cashing bank. Your bank should refund the money to you, then go after the cashing bank to get the money back. (I am a...
by bryanm
Tue Sep 11, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: Toilet Makes A Flushing Sound Occasionally
Replies: 37
Views: 3180

Re: Toilet Makes A Flushing Sound Occasionally

As others have, it is almost certainly the fault of the flapper, which should ideally perform within prescribed norms. But flappers are, of course, notorious for behaving otherwise. https://en.wikipedia.org/wiki/Flapper With loose flappers everywhere, sometimes it feels like our society is really g...
by bryanm
Tue Sep 11, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: Toilet Makes A Flushing Sound Occasionally
Replies: 37
Views: 3180

Re: Toilet Makes A Flushing Sound Occasionally

tibbitts wrote: Tue Sep 11, 2018 7:37 am You might edit the title to say that water runs into your toilet tank occasionally. I've never heard of a toilet that makes a flushing sound occasionally, that would be something very different.
Mine makes this sound every time I push the little lever.

... Sorry. Couldn't resist.
by bryanm
Sat Sep 08, 2018 11:57 am
Forum: Personal Consumer Issues
Topic: Rec. for a specific type of internet router
Replies: 33
Views: 1973

Re: Rec. for a specific type of internet router

I've just realized I'm being a poor guide here. Lots of info and nothing concrete. So here it is: buy this, plug into your ethernet run, and be done.

https://smile.amazon.com/dp/B0087NZ31S?sa-no-redirect=1

$90 bucks, great reviews, touchscreen setup. Simple!
by bryanm
Sat Sep 08, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Rec. for a specific type of internet router
Replies: 33
Views: 1973

Re: Rec. for a specific type of internet router

We tried having the 'cable modem wifi router' come in to our main floor, but the 2.4ghz didn't reach to the garage. So that is when we put it sending out 5ghz and extending the signal. It's just the 'extending the signal' part isn't working so well anymore. I had never heard of a wireless access po...
by bryanm
Fri Sep 07, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Rec. for a specific type of internet router
Replies: 33
Views: 1973

Re: Rec. for a specific type of internet router

bryanm, Just to be sure that you understand exactly what I am recommending.<br/> A) I am recommending spend $80 on the TPLink 802.11AC router.<br/> B) I am recommending against spending a few hundred dollars on the Google WiFi which is not based on the new 802.11AX standard.<br/> KlangFool I think ...
by bryanm
Fri Sep 07, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: Rec. for a specific type of internet router
Replies: 33
Views: 1973

Re: Rec. for a specific type of internet router

Folks, 802.11ax is coming out. I would spend as little as possible on the older technology. https://www.networkworld.com/article/3215907/mobile-wireless/why-80211ax-is-the-next-big-thing-in-wi-fi.html KlangFool Timing WiFi standards is almost as bad as trying to time the market. The frustration of ...
by bryanm
Fri Sep 07, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: Rec. for a specific type of internet router
Replies: 33
Views: 1973

Re: Rec. for a specific type of internet router

Carson, It might be helpful here to define some terms, to help sort out what works best for you: Modem: This is what converts your cable line to an ethernet. Gateway/Router: This is the "central controller" of your network. It's what lets devices talk to one another and with the internet. In almost ...
by bryanm
Thu Sep 06, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: Phone Calls from Windows saying computer has Malware
Replies: 40
Views: 2481

Re: Phone Calls from Windows saying computer has Malware

If you want to learn more about this type of scam, the podcast "Reply All" did a couple of good episodes on them them: https://www.gimletmedia.com/reply-all/long-distance.
by bryanm
Tue Aug 21, 2018 10:52 am
Forum: Personal Investments
Topic: Naive rebalancing question
Replies: 16
Views: 1496

Re: Naive rebalancing question

The great thing here is that you'll be selling high to buy low. Not really. You will sell high, buy higher. Example: Year 1: stocks +20%, bonds +3% ==> sell stocks, buy bonds Year 2: stocks +5%, bonds +2% ==> sell stocks, buy bonds Year 3: stocks +3%, bonds +5% ==> sell bonds, buy stocks, but stock...
by bryanm
Mon Aug 20, 2018 11:09 am
Forum: Personal Investments
Topic: Naive rebalancing question
Replies: 16
Views: 1496

Re: Naive rebalancing question

When the market invariably turns, and one day I wake up to see that my bond allocation exceeds my stock allocation on the day I've chosen to rebalance once a year or so ... does that mean I'll be selling Total Bond to purchase more Total Stock/Int'l Stock, in order to keep my 70/30? In other words:...
by bryanm
Thu Aug 16, 2018 1:11 pm
Forum: Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2526

Re: Should I Max Out Tax-Deferred Accounts?

Thanks all for these super helpful comments. To answer some of the questions here: Our combined income currently is about $350k (the 35% rate is accounting for the 2.9% medicare tax). By the time I'm actually able to hit $160k pre-tax contributions , I suspect that our income will be in the $500k ra...
by bryanm
Wed Aug 15, 2018 11:13 pm
Forum: Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2526

Re: Should I Max Out Tax-Deferred Accounts?

Thanks. I Retiredjg. It's a tricky problem to get my head around. I agree others might not have realized the amounts. More fundamentally, my first post might not have been clear: if I max out my pre-tax funds, it will almost certainly be the vast majority of my savings. (Obviously saving more is pre...
by bryanm
Wed Aug 15, 2018 6:55 pm
Forum: Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2526

Re: Should I Max Out Tax-Deferred Accounts?

Retiredjg, Thanks for your post! I am a contrarian at heart, so I appreciate anyone who doesn't jump on a bandwagon. A thorough response deserves a thorough reply. I'll try to answer each of your questions in turn: I am in the lucky position of having both a high contribution limit to 401(k) or equi...
by bryanm
Wed Aug 15, 2018 2:56 pm
Forum: Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2526

Re: Should I Max Out Tax-Deferred Accounts?

if you retire early and need to use money from IRA's, you can set up 72t plans to avoid the 10% early withdraw penalty prior to age 59.5 Yes, there are more than one ways to skin a cat. (you just have to catch it first) :annoyed Also take a look at Roth Conversion Ladder. Yes, you should max your p...
by bryanm
Wed Aug 15, 2018 1:16 pm
Forum: Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2526

Re: Should I Max Out Tax-Deferred Accounts?

FiveK wrote: Wed Aug 15, 2018 12:41 pm
bryanm wrote: Wed Aug 15, 2018 12:26 pm Had totally missed this option. Thank you! I will research. I assume that I would be able to pull at least 4% a year out using RMDs?
Investment Order and How to withdraw funds from your IRA and 401k without penalty before age 59.5, and links therein, may aid your research.
Thank you!
by bryanm
Wed Aug 15, 2018 12:26 pm
Forum: Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2526

Re: Should I Max Out Tax-Deferred Accounts?

Had totally missed this option. Thank you! I will research. I assume that I would be able to pull at least 4% a year out using RMDs?
by bryanm
Wed Aug 15, 2018 12:16 pm
Forum: Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2526

Should I Max Out Tax-Deferred Accounts?

I am in the lucky position of having both a high contribution limit to 401(k) or equivalent accounts and the potential ability in the coming years to max them out. I'm a (junior) partner at a firm, and I can contribute to the employer side of my 401(k). Between that and my wife's 403(b), we have a c...
by bryanm
Mon Aug 13, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance student debt
Replies: 8
Views: 853

Re: Refinance student debt

I second Sofi. I was in a similar situation and got a much lower rate than this: 3.4% on a ~$75k loan with a 5 year repay period.

First Republic has lower rates, I think. Never used them as I did not qualify.