Search found 1044 matches

by Elysium
Mon Dec 12, 2016 11:28 pm
Forum: Personal Consumer Issues
Topic: Cycling power meters
Replies: 23
Views: 2651

Cycling power meters

Any power meter users out here, and if so, what are you doing? I need to step up to my next level in cycling and start measuring stats using a power meter I feel. As of now I am doing a lot of riding when in season. I am looking at pedal meters. Question is to use single pedal which is cheaper or bo...
by Elysium
Mon Dec 12, 2016 11:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: Boglehead's newest millionaire
Replies: 89
Views: 11255

Re: Boglehead's newest millionaire

Congratulations :sharebeer

Now that you have passed an important milestone, what changes if any are you making to your portfolio that you have not thought of before, or is everything going as planned. What is your AA at this point, and are you doing anything extra to protect against the downside?
by Elysium
Sun Jun 26, 2016 9:22 pm
Forum: Investing - Theory, News & General
Topic: BREXIT - Whats the big deal?
Replies: 108
Views: 13345

Re: BREXIT - Whats the big deal?

BTW, there is no way I would compromise on selling international equities based on this event. If I sell then where will I place it? all eggs in one U.S basket? and when something happens here what will happen to all that.
by Elysium
Sun Jun 26, 2016 9:20 pm
Forum: Investing - Theory, News & General
Topic: BREXIT - Whats the big deal?
Replies: 108
Views: 13345

Re: BREXIT - Whats the big deal?

Concerns of trade wars are over blown. Cooler heads will prevail when the emotions have been dealt with. It is in the best interest of EU and UK to continue the trade deals, there will have to be some adjustments over a period of time, but the doom and gloom scenario some in the media are projecting...
by Elysium
Sun Jun 26, 2016 4:24 pm
Forum: Investing - Theory, News & General
Topic: BREXIT - Whats the big deal?
Replies: 108
Views: 13345

Re: BREXIT - Whats the big deal?

I don't understand something. There are two issues here. First is macro economics that affects the UK and EU economy as a whole. The other is individual corporations fundamentals. It is a given than after the shakeup the first one is going to be a problem until things settle down, for the foreseeabl...
by Elysium
Thu May 26, 2016 3:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard service quality going down below expectations
Replies: 14
Views: 3903

Re: Vanguard service quality going down below expectations

The first question that I would ask is whether or not Vanguard Solo 401(k) is supported by Vanguard or by out sourced Ascensus? Who are you really talking to? For small 401(k) plans, you are talking to a dedicated CSR from Ascensus with a Vanguard label. This is news to me, I had no idea Vanguard h...
by Elysium
Wed May 25, 2016 5:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard service quality going down below expectations
Replies: 14
Views: 3903

Re: Vanguard service quality going down below expectations

Well .. the nightmare continues. Today I was on phone with them twice, once in the morning while driving to work to inquire the status and after being put on hold (silent) for 15 minutes the rep came back and said everything is set now and I can go on and login whenever I am ready. When I came back ...
by Elysium
Tue May 24, 2016 8:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard service quality going down below expectations
Replies: 14
Views: 3903

Vanguard service quality going down below expectations

This is my first post ever making a complaint against Vanguard's service. I have been with Vanguard over 17 years and never had any complaints so far. But what is going on with my current experience is changing all that, and giving me pause about whether to bring all my investments into Vanguard eve...
by Elysium
Sun Apr 24, 2016 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Self employed estimated taxes on s-corp income
Replies: 3
Views: 516

Self employed estimated taxes on s-corp income

I have a question on estimated taxes for the self employed who also pay themselves on W2 using a payroll service. I am intending to run payroll and pay taxes through this method for the W2 side. On the leftover income that will eventually become pass through on my k-1 schedule at year, should I be p...
by Elysium
Wed Apr 20, 2016 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k employer match strategy
Replies: 4
Views: 581

Re: Solo 401k employer match strategy

That is not true for an s-corp. As a w-2 employee your salary deferrals (401k contributions) must come from payroll from the corporate account. As an individual, you cannot have access to the funds before they are deposited in the retirement plan. You cannot declare $18k as a salary deferral at tax...
by Elysium
Wed Apr 20, 2016 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k employer match strategy
Replies: 4
Views: 581

Re: Solo 401k employer match strategy

Based on above, are you saying there is no need for me to separate contributions as employee share vs. employer share at the time to sending contributions to Vanguard? I simply make a transfer for whatever amount and only at tax time need to separate them out. That would make everything so much easi...
by Elysium
Wed Apr 20, 2016 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k employer match strategy
Replies: 4
Views: 581

Solo 401k employer match strategy

I have setup an Individual 401k with Vanguard and will be making the first contributions this month, both EmployEE and EmployER since I am running an S-Corp and the only W2 employee of my corp. I understand the rules regarding maximum contributions for the year, such as $53K annual maximum, 25% of W...
by Elysium
Sat Feb 20, 2016 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k - go with Vanguard or someone else
Replies: 51
Views: 7440

Re: Solo 401k - go with Vanguard or someone else

I have decided to look no further than Vanguard for my Individual 401k. From what I heard the cons are not something that matters to me very much, but the pros are. I am very familar with all Vanguard funds, and there is no need to learn the policies of another fund company, and when it comes to man...
by Elysium
Sat Feb 20, 2016 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Working part time in retirement - 1099 vs W2?
Replies: 15
Views: 1617

Re: Working part time in retirement - 1099 vs W2?

I have never seen circumstances where the worked could legally and legimitately choose whether to get paid by 1099 or W2-- the paperwork is determined by the nature of the employment not vice versa. Not unusual at all. Typical contract worker has option to be paid W2 or 1099, both are contracts wit...
by Elysium
Fri Feb 19, 2016 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k - go with Vanguard or someone else
Replies: 51
Views: 7440

Re: Solo 401k - go with Vanguard or someone else

Thanks to all. I don't have an incoming rollover requirement, although it is nice to have, but not a deal breaker. I have former employer's 401k with excellent selection of funds and low ER and I can rollover my IRA into it if I ever need to. I do not need loan feature, and it is not something I loo...
by Elysium
Fri Feb 19, 2016 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 vs W2 Job decision
Replies: 11
Views: 1444

Re: 1099 vs W2 Job decision

I dont know if you can hire someone else if you are a Sole Prop. If you are not Sole Prop but rather a S Corp, hiring your wife is not an issue. issue then is how you can put 53k into a Solo 401k plan if company income is $189K while also running a payroll so that your wife can contrib 18K. It can ...
by Elysium
Fri Feb 19, 2016 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k - go with Vanguard or someone else
Replies: 51
Views: 7440

Solo 401k - go with Vanguard or someone else

I asked this question in another thread and it was possibly overlooked. Asking for opinions on opening Solo 401k. My obvious choice is Vanguard since I already have accounts for many years, and qualifies for account status when combined with other accounts (IRA, Roth, Taxable) to avoid any account m...
by Elysium
Thu Feb 18, 2016 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K for self employed - (limitations worth it?)
Replies: 46
Views: 3414

Re: Solo 401K for self employed - (limitations worth it?)

What additional paperwork are we talking about here? I am having to setup a Solo 401(k) myself very soon and need to select Vanguard or someone else like Fidelity. Ideally I'd like to keep it simple and with one family by using Vanguard, but if there are significant drawbacks with Vanguard then I wo...
by Elysium
Fri Feb 05, 2016 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Best IRA account for Self Employed?
Replies: 8
Views: 767

Re: Best IRA account for Self Employed?

If you're an S-Corp and pay yourself 140K W-2 salary, that would be sufficient to max out a Solo 401k for 53K where 18K is employee salary deferral and 35K is employer profit share (25% of 140K). On that same 140K salary, SEP-IRA would be limited to 35K. SIMPLE-IRA would be limited to about 12.5K. ...
by Elysium
Fri Feb 05, 2016 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA withdrawls of contributions - how to account/track?
Replies: 14
Views: 1450

Re: Roth IRA withdrawls of contributions - how to account/track?

Easy to do with Vanguard. Call and ask, a rep should be able to pull it up for you, might take some time. Also if you filed taxes using Turbo Tax it keeps record of your Roth contributions up to date and any conversions. I have it all, both through Vanguard and Turbo Tax. Very easy at any point know...
by Elysium
Fri Feb 05, 2016 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me form this equation for Employer/Employee 53K Max contribution
Replies: 15
Views: 1472

Re: Please help me form this equation for Employer/Employee 53K Max contribution

$53K comes from $18K max employEE contribution and 25% employER matching contribution, typically applicable to self employed. In this instance lets say someone earned $200K total income and paid $140K as salary on W2 with $18K employEE contribution then 25% match on $140K would come to $35K for a to...
by Elysium
Fri Feb 05, 2016 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 16440

Re: Clueless college new grad 22 yo, 200k income looking to start saving

I only have one more thing to say to OP, after that I am going to leave this thread. You are very fortunate to be having an excellent education, a great job with a great company that pays very well, and a girl who are about to get married that is equally well off and on top of it cares for you. Obvi...
by Elysium
Fri Feb 05, 2016 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 16440

Re: Clueless college new grad 22 yo, 200k income looking to start saving

You should have simply stated you and your fiancee both work for Google in the initial post and then just present your personal finance questions, and things would have turned out to be very different. So, now we got that out of the way, you might want to rephrase the question.
by Elysium
Fri Feb 05, 2016 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: S. Corp Salary Amount and Retirement Contributions
Replies: 53
Views: 9039

Re: S. Corp Salary Amount and Retirement Contributions

I am trying to figure out some of these things myself, and mostly have good ideas collected on what to do. One thing that still I need figure is the estimated taxes and filing requirements for the s-corp income. For instance lets say I make 200K overall income and pay myself $120K as salary on W2, a...
by Elysium
Fri Feb 05, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: How to get a 200k+/year job?
Replies: 107
Views: 15942

Re: How to get a 200k+/year job?

If someone is asking on an internet forum how to get a job with $200K a year salary then chances are that they are not likely to get one. I don't want to be too judgmental here, but someone who is earning a good salary is more likely to get there by working hard on something that interests them and ...
by Elysium
Fri Feb 05, 2016 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 16440

Re: Clueless college new grad 22 yo, 200k income looking to start saving

Thanks for the advice. As I've said in my opening post, I spend 6k a month to support the everyday expenses of 2 people . The 10k annually not only covers trips but also gifts as well. I guess people are calling out red flags is because of this above highlighted sentence. Why are you spending $6K f...
by Elysium
Fri Feb 05, 2016 9:48 am
Forum: Personal Consumer Issues
Topic: Advice for parents with Perfectionist Child?
Replies: 48
Views: 4795

Re: Advice for parents with Perfectionist Child?

Been there, done that. My son is in the top one percentile of kids his age for the activity he participates at national level. I figure this is your first few experiences dealing with the type of situation. My son is couple of years older and we have been to many many competitions all over the count...
by Elysium
Thu Feb 04, 2016 8:34 am
Forum: Personal Finance (Not Investing)
Topic: How to get a 200k+/year job?
Replies: 107
Views: 15942

Re: How to get a 200k+/year job?

I just graduated last year and my friends in investment banking will have made about 140k in their first year and be likely to hit 200-300k+ once they switch to private equity or a hedge fund in another year. Keep in mind though that 80 hours a week is the norm for these guys and that the process f...
by Elysium
Thu Feb 04, 2016 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 16440

Re: Clueless college new grad 22 yo, 200k income looking to start saving

As to the thread hijacking, and what do all these companies do, here's a list of the unicorn companies (privately held companies with $1B+ valuation) https://www.cbinsights.com/research-unicorn-companies Some of them are profitable businesses that have been around awhile. Others have a good idea th...
by Elysium
Wed Feb 03, 2016 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 16440

Re: Clueless college new grad 22 yo, 200k income looking to start saving

Really though, some pretty reasonable and useful stuff is being built. Uber, Netflix, music services, fitbit, Apple devices, etc. Lots of data and analytics companies that sell their products to blue chip companies. Stuff people pay real money for. Startups without a viable business plan are all ar...
by Elysium
Wed Feb 03, 2016 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 16440

Re: Clueless college new grad 22 yo, 200k income looking to start saving

These threads are always interesting, OP is getting lots of good replies, so I wanted to ask something slightly off topic. What exactly are all these Tech start ups building in silicon valley these days? I am intrigued, and may be even bit out of touch. I remember the heady tech days of late 90's an...
by Elysium
Wed Feb 03, 2016 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Self employed - do you use Quick Books or other tools
Replies: 9
Views: 955

Re: Self employed - do you use Quick Books or other tools

Thanks. I am getting somewhere. I did some more reading on the salary, distributions, payroll taxes, expenses, 401k/ira, and got some good ideas on what to do on these. Now just figuring out the actual administrative side. I figured that first I need to setup business checking account, then setup a ...
by Elysium
Wed Feb 03, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Self employed - do you use Quick Books or other tools
Replies: 9
Views: 955

Re: Self employed - do you use Quick Books or other tools

Providing professional services to one client mostly. Could be more than one client eventually. No other employees. What are some of the payroll services people use? and what would be a reasonable cost for these? As for reasonable salary, I have read the court cases, these are cases where they signi...
by Elysium
Wed Feb 03, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Self employed - do you use Quick Books or other tools
Replies: 9
Views: 955

Self employed - do you use Quick Books or other tools

I am going forward with an s-corp and getting into a contract. I need something to keep track of my income and expenses, calculate payroll, taxes, prepare quarterly 940 figures, issue myself a W2 at year end, and import everything into turbo tax. I am thinking about QuickBooks, a search on the forum...
by Elysium
Fri Jan 29, 2016 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Two spenders and buying a house
Replies: 43
Views: 4973

Re: Two spenders and buying a house

Septic no big deal. There will be maintenance down the line, but should be fine if you can budget for it. Well, again is no big deal. But, 18 acres is a bit too much, too many crazies out there, that would be my concern, how do you keep the crazies out of your land. What state is this in? Make sure ...
by Elysium
Fri Jan 29, 2016 9:29 pm
Forum: Investing - Theory, News & General
Topic: "6-reasons-we-lost-money-on-our-first-rental-property"
Replies: 21
Views: 5974

Re: "6-reasons-we-lost-money-on-our-first-rental-property"

Thank you Taylor for this post, and thanks to EmergDoc for sharing your experience candidly. I sold a townhome after the housing crash for a small net profit after realtor fees, I think we were one of the very few people who made a profit, and then went on to buy a single family home well below the ...
by Elysium
Fri Jan 29, 2016 6:42 pm
Forum: Personal Consumer Issues
Topic: Another Refi or pay extra mortgage question
Replies: 10
Views: 590

Re: Another Refi or pay extra mortgage question

Thanks everyone. I also talked to the lender (national mortgage alliance) for additional input. Based on all this I decided the benefits for refi don't exist in this situation. My main concern is the 2nd lien and once that is gone as per schedule, I will free up cash to pay towards more tax advantag...
by Elysium
Fri Jan 29, 2016 5:42 pm
Forum: Personal Consumer Issues
Topic: Another Refi or pay extra mortgage question
Replies: 10
Views: 590

Re: Another Refi or pay extra mortgage question

Ah.... thank you for the followup explanation. In your situation, I would pay down the 2nd mortgage. I would then simply make the payments on the 1st. Max out your tax advantaged space first and foremost. Only if that is maxed would I move on to paying the mortgage down. The exception to that would...
by Elysium
Fri Jan 29, 2016 4:54 pm
Forum: Personal Consumer Issues
Topic: Another Refi or pay extra mortgage question
Replies: 10
Views: 590

Re: Another Refi or pay extra mortgage question

I do not know what the fees will be on a refinance, but knowing what they often are, I think you will find that it will not be financially beneficial to refinance. My biggest question is that, if you can afford the two mortgages, why on earth are you paying down the 3% mortgage faster than the 3.25...
by Elysium
Fri Jan 29, 2016 4:33 pm
Forum: Personal Consumer Issues
Topic: Another Refi or pay extra mortgage question
Replies: 10
Views: 590

Another Refi or pay extra mortgage question

I am trying to figure out whether it makes sense for me to Refinance into a 15 year mortgage or not. Here's the situation. I am six years into a 30 year mortgage with $386,000 balance @3.25% - total payment on this comes to $2400 including tax + insurance. This is a very comfortable payment for us. ...
by Elysium
Mon Jan 25, 2016 4:55 pm
Forum: Investing - Theory, News & General
Topic: The last 15 years
Replies: 100
Views: 15887

Re: The last 15 years

Interesting thread. There will always be someone who claims valuations are too high, now is not a good time to invest in equities, so on ... and the crystal ball is always hazy. Hindsight is always 20/20. Had we known we all would have purchased long treasuries back in 1999 and forget equities for 1...
by Elysium
Fri Jan 22, 2016 8:40 am
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 9050

Re: Capitulation!

Sorry, couldn't resist this morning looking at all the doom and gloom in the market. Is it time for capitulation yet? Not me personally, I will hold no matter all the way to the bitter end. It sounds and feels like 2008 all over again, every day brings in a new low and I am running out of money to ...
by Elysium
Thu Jan 21, 2016 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Leave full time job for contracting
Replies: 16
Views: 1948

Re: Leave full time job for contracting

I figured out several things in last couple of days which gives me a clearer picture now. First I talked to my manager and his reaction was shocking to say the least, he was sort of encouraging me to take up the offer and was very skeptical of any significant counter offer coming. He doesn't make th...
by Elysium
Wed Jan 20, 2016 11:49 pm
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 9050

Re: Capitulation!

. I also remember running out of money to do re-balancing, so I have decided not to re-balance too frequently this time. I'm trying to figure out how one would run out of money to do re-balancing. If one's portfolio dropped to even just $100 in value because equities dropped 99% in value, one could...
by Elysium
Wed Jan 20, 2016 9:09 pm
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 9050

Re: Capitulation!

Well .. it looks like just a small blip in the end. I am sure this is not capitulation, but couldn't resist in the morning. I remember 2008, where you thought 10% down in a month was the bottom, but then came 20% drop. I also remember running out of money to do re-balancing, so I have decided not to...
by Elysium
Wed Jan 20, 2016 10:37 am
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 9050

Capitulation!

Sorry, couldn't resist this morning looking at all the doom and gloom in the market. Is it time for capitulation yet? Not me personally, I will hold no matter all the way to the bitter end. It sounds and feels like 2008 all over again, every day brings in a new low and I am running out of money to r...
by Elysium
Tue Jan 19, 2016 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Leave full time job for contracting
Replies: 16
Views: 1948

Re: Leave full time job for contracting

Some good replies. I understand $10K doesn't sound a lot, but this figure could be more, I was being very conservative. Plus the difference is even larger when I consider that 401k match is not given undtil last working day of the year. On C2C, the real difference before any deductions are $35,000. ...
by Elysium
Tue Jan 19, 2016 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Leave full time job for contracting
Replies: 16
Views: 1948

Re: Leave full time job for contracting

How about health insurance premiums and paid time off ? Were they considered into the financial side of calculations? How did you do the 401k calculations? With being a contractor (1099 I assume or C2C if you setup your own company), you will be able to put more into retirement. If you have a worki...
by Elysium
Tue Jan 19, 2016 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Leave full time job for contracting
Replies: 16
Views: 1948

Leave full time job for contracting

I had asked this to the group before and I received several replies, but now the time has come for decision making. I have an offer on hand and I need to give notice to my employer today or tomorrow. Details are as follows: Currently working for big consulting firm in IT on multi year government age...