Search found 118 matches

by TerryDMillerMBA
Thu Mar 21, 2013 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: LLC v S Corp, control and taxes
Replies: 25
Views: 3170

Re: LLC v S Corp, control and taxes

You can choose to have an LLC taxed as an S Corp. There are different regulatory/reporting requirements for LLCs and S Corps. My understanding is that S Corps require more ongoing paperwork to run than do LLCs. It shouldn't affect your tax situation, though. True. Sub-S Corps require infinitely mor...
by TerryDMillerMBA
Tue Mar 19, 2013 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: LLC v S Corp, control and taxes
Replies: 25
Views: 3170

Re: LLC v S Corp, control and taxes

You can choose to have an LLC taxed as an S Corp. There are different regulatory/reporting requirements for LLCs and S Corps. My understanding is that S Corps require more ongoing paperwork to run than do LLCs. It shouldn't affect your tax situation, though. True. Sub-S Corps require infinitely mor...
by TerryDMillerMBA
Thu Mar 07, 2013 1:12 pm
Forum: Personal Consumer Issues
Topic: How to prevent others from copying your work?
Replies: 17
Views: 3212

Re: How to prevent others from copying my self-published boo

There is NOTHING to prevent this. There are measures you can take to slow people down who would do this, but there is NO sure-fire security. That being said, just be glad that you have reaped the benefits thus far without any visible infringement. (I am assuming you already availed yourself of any m...
by TerryDMillerMBA
Thu Mar 07, 2013 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Mathematicians or statisticians here? Seeking your advice
Replies: 70
Views: 8977

Re: Mathematicians or statisticians here? Seeking your advic

You're more than smart enough. Most mathematicians (hell, even doctors, engineers, and lawyers) AREN'T geniuses. Just very, very bright, and possessing at least some level of personal discipline. Your IQ is genius-level. Your horsepower in your engine is fine. Sit back, and be honest with yourself. ...
by TerryDMillerMBA
Tue Nov 20, 2012 5:27 am
Forum: Personal Investments
Topic: Suze Orman 100% equities
Replies: 40
Views: 5590

Re: Suze Orman 100% equities

I heared Ric Edelman say awhile back that Orman herself does not invest in the market though she may recommend it. She has no need to take risk. I contacted one of her "people" to start negotiations for an appearance/seminar for women. $30,000, plus expenses for two assistants. I don't know what it...
by TerryDMillerMBA
Mon Oct 29, 2012 5:24 am
Forum: Personal Investments
Topic: Young guy wanting to start investing - unsure of where to st
Replies: 6
Views: 746

Re: Young guy wanting to start investing - unsure of where t

I will focus on the lifestyle issues. If you don't contribute towards your household, START NOW. (I don't know your parents' financial situation. I would guess that they "don't need it." But that really isn't the point. You always should contribute to the household of where you are, financially and ...
by TerryDMillerMBA
Mon Oct 01, 2012 1:03 pm
Forum: Personal Investments
Topic: Question about personal rate of return
Replies: 13
Views: 1556

Re: Question about personal rate of return

I would say that posting 0 when the actual result is N/A is an IT glitch. *In this case N/A = not applicable Most definitely. I have a background in all of the related disciplines (software engineering/IT, business, finance), and it really would make me "mad" to see this from a team of which I was ...
by TerryDMillerMBA
Tue Sep 18, 2012 3:26 pm
Forum: Personal Investments
Topic: buy and hold is dead?
Replies: 15
Views: 2585

Re: buy and hold is dead?

I would have to hear it from someone with little or no agenda, TBH.
by TerryDMillerMBA
Mon Sep 17, 2012 10:45 am
Forum: Personal Investments
Topic: Best small Biz Retirement plan?
Replies: 3
Views: 1035

Re: Best small Biz Retirement plan?

For a concise comparison of SIMPLE IRA vs. SEP IRA vs. 401k see here . It looks like SIMPLE is the way to go. Thank you so much for that link. Sometimes my clients get to the point where they are thinking of these plans for their small business, and they start off by asking me my opinion. I can hav...
by TerryDMillerMBA
Thu Jan 12, 2012 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 15891

Re: Found $100 Bill at Walmart

Some years ago I realized one Saturday morning that my wallet was missing. It wasn't in the car so I knew I must have lost it at the grocery store the night before. I got out my list of credit card phone numbers, then without much hope decided to call the store first. The manager said, "Was it blue...
by TerryDMillerMBA
Thu Jan 12, 2012 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 15891

Re: Found $100 Bill at Walmart

I would've put the $100 bill in my pocket and left the store. I don't see how that is somehow "dishonest." How much does it have to be to become dishonest? $500? $5,000? $10,000? If the ownership is easily determined, it's stealing even if it's a penny. If the ownership is not conclusive, it's fair...
by TerryDMillerMBA
Thu Jan 12, 2012 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Mom has pension & $200k --> pay off mortgage? Get annuity?
Replies: 31
Views: 2824

Re: Mom has pension & $200k --> pay off mortgage? Get annuit

I noticed some misinformation about fixed immediate annuities. Most people, when they hear the word "annuity," automatically think life-time payments. However, just like insurance, you can also purchase annuities that payout only over a time frame, e. g., a 10-year term. Make sure Mom is clear as to...
by TerryDMillerMBA
Fri Jul 22, 2011 11:56 am
Forum: Personal Investments
Topic: Duke Energy Reverse Split
Replies: 4
Views: 2570

The public's perception of how sound (or unsound) the company's actions were that lead to the split could affect the share price in the short term. Buy-and-holders would not care about these short-term fluctuations, though.
by TerryDMillerMBA
Mon Jul 18, 2011 7:27 am
Forum: Personal Investments
Topic: smallest fraction of a mutual fund share you can buy?
Replies: 11
Views: 3876

I called Fidelity and they said that internally they calculate number of shares to 5 decimal places and round off the rest. They only display 3 on the account info. website. It sounds like I would be better off entering the NAV and total purchase price, and let Quicken calculate the number of share...
by TerryDMillerMBA
Sun Jul 17, 2011 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have experince owning / operating coin op car wash?
Replies: 6
Views: 1616

Ask for the TAX RETURNS.

(In cash businesses, while it is illegal, it is VERY COMMON to skim, which is under-reporting income. Tell him you don't care about his business with the IRS; you just want to determine the true past performance of the business.)
by TerryDMillerMBA
Tue Jul 12, 2011 10:41 am
Forum: Personal Consumer Issues
Topic: Raw Almonds
Replies: 84
Views: 8286

Jimmy likes almonds Jimmy eats several mouthfuls a day Jimmy thinks the Munchkin Man should continue to eat his almonds Jimmy also recommends eating raw hulled sunflower seeds as well as raw almonds Jimmy notices that this combination gives Jimmy a lot of gastrointestinal turbo action well-played, ...
by TerryDMillerMBA
Thu Jul 07, 2011 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business vs. Rental Property
Replies: 4
Views: 1140

The rentals would be just as much work, but it may be a different kind of work.

I would agree that there "COULD" be more upside in a well-managed small business, but either choice can work.