Search found 253 matches

by MindTheGAAP
Tue Jan 10, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes with W2 and K1 income
Replies: 12
Views: 1071

Re: Quarterly taxes with W2 and K1 income

I have not been able to find an answer to this question. I have both W2 and K1 income. The majority is K1 income. Is it possible to not withhold anything from my W2 and pay quarterly taxes on both W2 and K1 income or am I required to withhold from my W2 and pay quarterly on my K1 income? Yes - as l...
by MindTheGAAP
Mon Jan 09, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Relocation to the Dallas, TX Area
Replies: 32
Views: 3890

Re: Relocation to the Dallas, TX Area

goblue100 wrote:I personally would not live in Little Elm working @ Plano Parkway and Independence. Pretty much one way in and one way out, and the daily tolls back and forth would be another utility bill.
Agree - I get to run mine through as expenses to the client but they could really add up
by MindTheGAAP
Mon Jan 09, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Relocation to the Dallas, TX Area
Replies: 32
Views: 3890

Re: Relocation to the Dallas, TX Area

Thanks for the responses everyone. Here's some more information: The work location would be around the intersection of W. Plano Pkway and Independence Pkway. A house somewhere in Plano or thereabouts with a decent driving distance to work and in a very good school district would be the goal. We don...
by MindTheGAAP
Sun Jan 08, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to the Dallas, TX Area
Replies: 32
Views: 3890

Re: Relocation to the Dallas, TX Area

NoGambleNoFuture wrote:Kids play sports? Look in Allen ;)
Kids play sports and are best in the nation at the given sport? Look in Allen. If not, look elsewhere.
by MindTheGAAP
Sun Jan 08, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: 401k vs Roth 401k
Replies: 11
Views: 1175

Re: 401k vs Roth 401k

The Roth 401k doesn't have the withdrawal benefits of the Roth IRA. So you would have to wait till 59 1/2 to access the money. If someone is investing in a Roth 401k they are betting that taxes will be higher when they retire. IMO, unless one has one's life mapped out in terms of earnings, savings,...
by MindTheGAAP
Sun Jan 08, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to the Dallas, TX Area
Replies: 32
Views: 3890

Re: Relocation to the Dallas, TX Area

I'm on the verge of accepting an offer to move to my employer's Plano, TX office. I currently work in the Southern California office. The office is in Plano and I'd like to buy a house that is fairly close to the office, as I've read that the commutes around the Dallas area can be awful. Does anyon...
by MindTheGAAP
Sun Jan 08, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: 401k vs Roth 401k
Replies: 11
Views: 1175

Re: 401k vs Roth 401k

Posting to get notified of responses...

I'm currently SE and am trying to decide whether to do my 401k contribution as employee Roth or Traditional while in the 25% marginal bracket. Expect near year to be in the 28% if the bracket exists - may get lowered if Trump/Ryan get their way.
by MindTheGAAP
Fri Jan 06, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Solo 401K - from Sole Prop to LLC
Replies: 2
Views: 376

Vanguard Solo 401K - from Sole Prop to LLC

All, Wondering if anyone has gone through this before now: Nov 2016 - started operating as a sole proprietor doing consulting work and created a Solo 401k with Vanguard under a EIN for my sole proprietorship Jan 2017 - am going to create a LLC for my operations and wondering how this impacts my Solo...
by MindTheGAAP
Thu Jan 05, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 108
Views: 32584

Re: Ally Bank - Is this a safe/best place to stash some cash?

jeff1949 wrote:
FelixTheCat wrote:Straight from Ally's website
Your deposits are insured by the FDIC up to the maximum allowed by law.
I have Ally. Great bank. Highly recommend them.
+1 :sharebeer
+2 :sharebeer
by MindTheGAAP
Tue Jan 03, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 9916

Re: Are Younger people funding 529 Plans?

It's a great opportunity for grandparents to get things started by opening an account and making a nice gift towards the grandchild's education. Both my parents and in-laws substantially helped with University for DW and I so both have laughed at some of their peers who have talked about helping gr...
by MindTheGAAP
Tue Jan 03, 2017 11:40 am
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 9916

Re: Are Younger people funding 529 Plans?

livesoft wrote:
Clark & Addison wrote:A 20% tax credit seemed too good to pass up.
So is that social engineering where a state government will try to have more customers to its public universities in the future that pay their own tuitions and expenses while costing said customer reduced retirement assets?
Love this.
by MindTheGAAP
Tue Jan 03, 2017 10:48 am
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 9916

Re: Are Younger people funding 529 Plans?

28 here and have 3 daughters... youngest being 3mos (today), eldest being almost 4.5. We have talked about 529 plans but haven't prioritised them for reasons discussed at length above. I, personally, think that the situation is going to change in terms of University in the US between now and when my...
by MindTheGAAP
Wed Dec 28, 2016 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: S-Corp Owner Question - Traditional or Roth 401k
Replies: 15
Views: 1218

Re: S-Corp Owner Question - Traditional or Roth 401k

Not a fan of paying the gov't more taxes, so I like the tax benefit this year of traditional, but I wondered if this is just the 'instant gratification' option and the 'delayed gratification' of paying taxes now and letting that fund grow and compound for tax free withdraws when I've matured a coup...
by MindTheGAAP
Wed Dec 28, 2016 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: WWYD: Year-End 401k Funding
Replies: 4
Views: 524

Re: WWYD: Year-End 401k Funding

Are you taxed as a self-employed individual or as an S-Corp shareholder-employee? You may not need to be in such a hurry. In both cases you must make an employee-deferral election by 12/31, but only an S-Corp shareholder-employee must have their employee deferral deducted with a pay date on or befo...
by MindTheGAAP
Wed Dec 28, 2016 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: WWYD: Year-End 401k Funding
Replies: 4
Views: 524

Re: WWYD: Year-End 401k Funding

Seem to be getting a decent number of views but no replies... If people would just say why they are refraining from sharing their opinion, that would be fantastic. Want to add value to the forum and not knowing why there is a lack of reply won't help that...
by MindTheGAAP
Wed Dec 28, 2016 9:53 am
Forum: Investing - Help with Personal Investments
Topic: WWYD: Year-End 401k Funding
Replies: 4
Views: 524

WWYD: Year-End 401k Funding

Have a scenario that I'm looking for feedback on from the forum collective on the best path to take in these last few days of 2016... Any and all guidance/advice would be thoroughly welcome: Changed from W-2 to 1099 status at beginning of Nov of this year - have opened a Solo 401k at Vanguard to rec...
by MindTheGAAP
Fri Aug 05, 2016 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA / Start-up 401K options
Replies: 2
Views: 274

Re: SEP IRA / Start-up 401K options

If it is just you, your colleague, your spouses, with no employees, consider Solo 401k. If there will be other employees, solo 401k is not an option. SEP-IRA contributions are employer contributions only and the contribution percentage must be the same for all SEP-IRA plan participants. Solo 401k p...
by MindTheGAAP
Fri Aug 05, 2016 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA / Start-up 401K options
Replies: 2
Views: 274

SEP IRA / Start-up 401K options

For those familiar with setting up plans for a 401k/SEP IRA plan for a new company, can you advise how you would go about doing it in an ideal world? I'll be starting a consulting firm with a colleague during Q4 and am trying to explore our options with regard to retirement accounts. I know a SEP IR...
by MindTheGAAP
Tue Jun 14, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs Leasing a Car
Replies: 27
Views: 2843

Re: Buying vs Leasing a Car

surfstar wrote:That's a whole lot of miles for a 2014, for someone who doesn't drive much, sure you didn't mean 2004?
Or just 16,000 miles. Maths checks out that way
by MindTheGAAP
Tue Jun 07, 2016 3:34 pm
Forum: Personal Consumer Issues
Topic: CostCo Citi card arrived. But we didn't apply for it.
Replies: 31
Views: 4458

Re: CostCo Citi card arrived. But we didn't apply for it.

The Costco Citi card is actually pretty good. 4% on Gas, 3% on Restaurant and Travel, 2% on Costco, and 1% on everything else. It does come in the form of reward at Costco once per year, so if you want it more often or dislike that as a reward, then it's not great...but otherwise, really pretty goo...
by MindTheGAAP
Tue Jun 07, 2016 3:08 pm
Forum: Personal Consumer Issues
Topic: Recommendations for Dallas BBQ/TexMex Restaurants
Replies: 51
Views: 3937

Re: Recommendations for Dallas BBQ/TexMex Restaurants

Rudy's BBQ Because it is a stones throw from McKinney or Plano. To be honest sort of surprised no one has thrown Babe's Fried Chicken out as an alternative. FWIW, isn't Hard Eight a chain also? Technically it's a chain since there are a whopping FOUR locations (Coppell, The Colony, Stephenville, Ro...
by MindTheGAAP
Mon Jun 06, 2016 4:45 pm
Forum: Personal Consumer Issues
Topic: Vehicle for tall person and rear-facing child car seat?
Replies: 22
Views: 6975

Re: Vehicle for tall person and rear-facing child car seat?

I agree with the previous post about minivans. The seating position in a minivan gives you more room with a rear facing car seats imo. We have a Honda Pilot and even though it is gigantic, the front seats are kind of tight for me at 6'3 with a rear facing seats. I'm 6'3" and we have the same thing ...
by MindTheGAAP
Mon Jun 06, 2016 2:29 pm
Forum: Personal Consumer Issues
Topic: Recommendations for Dallas BBQ/TexMex Restaurants
Replies: 51
Views: 3937

Re: Recommendations for Dallas BBQ/TexMex Restaurants

If you're in the Bishop Arts district near downtown Dallas then Lockhart's is phenomenal BBQ. We just ate there for the first time and both my wife and I agreed that the meats were better than Hard Eight BUT the Hard Eight sides were better. Overall? Both fantastic. We love Hard Eight, too - there's...
by MindTheGAAP
Wed Jun 01, 2016 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Do i need VNQ??
Replies: 12
Views: 1798

Re: Do i need VNQ??

I like VNQ, but I would not hold it a long time. Instead, I buy it when it has dropped "too fast" and I sell it when it has gone up "too fast." At the present time, I own no shares of VNQ. Forgive my ignorance but this strikes me slightly of market timing, no? Slightly? You are wrong. It is full-on...
by MindTheGAAP
Wed Jun 01, 2016 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Do i need VNQ??
Replies: 12
Views: 1798

Re: Do i need VNQ??

livesoft wrote:I like VNQ, but I would not hold it a long time. Instead, I buy it when it has dropped "too fast" and I sell it when it has gone up "too fast." At the present time, I own no shares of VNQ.
Forgive my ignorance but this strikes me slightly of market timing, no?
by MindTheGAAP
Mon May 23, 2016 9:23 am
Forum: Personal Consumer Issues
Topic: Painting House Interior - How easy to do it yourself?
Replies: 101
Views: 8636

Re: Painting House Interior - How easy to do it yourself?

Its easy. Buy the paint you want. Get rollers and a stick and brushes,tape. and cleaning solution. Take it one room at a time, Don''t rush :happy Turn on some music(headphones) Start with the borders first using a brush Then roll,using brush when necessary. Have Fun :happy Absolutely this. We paint...
by MindTheGAAP
Tue May 10, 2016 10:26 am
Forum: Personal Consumer Issues
Topic: House 'For Sale By Owner' - Can One Do It Alone?
Replies: 26
Views: 4780

Re: House 'For Sale By Owner' - Can One Do It Alone?

We used a flat-fee service (Creekview Realty in Dallas) for our sale last August. We paid around $1k to have them put it on the MLS and perform duties like a realtor in terms of document review and fielding offers and advising where needed. We priced the house, took the photos, wrote the description...
by MindTheGAAP
Fri Apr 22, 2016 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Company without 401k match. Should I even join them? High Salary
Replies: 19
Views: 2764

Re: Company without 401k match. Should I even join them? High Salary

At $170k salary...who cares. My company also contributes 4%...I max my 401k...it equates to very little money...less than $1500. I dont even notice it. With that type of salary you can fund up low cost index funds. Do not let the "no 401k match" be the deciding factor in this scenario. +1. It's <1%...
by MindTheGAAP
Mon Apr 18, 2016 9:59 am
Forum: Investing - Help with Personal Investments
Topic: International
Replies: 35
Views: 3412

Re: International

Thanks guys. I may reduce back to around 20% of total stocks in international. 30% feels like a little much. I have nearly 20% of my total portfolio in the vanguard total stock market investors fund so I guess I'm getting some international exposure there. I'll stick with this for now. In my opinio...
by MindTheGAAP
Wed Mar 16, 2016 12:01 pm
Forum: Personal Consumer Issues
Topic: Dallas Metro Area
Replies: 28
Views: 3495

Re: Dallas Metro Area

Zimmer - If you are going to buy (I liked the rental rec), we used http://www.creekviewrealty.com/ to sell our house and were going to use them to buy until we found our FSBO house and caught a discount for not using one. If you're renting, this would become a viable option since you'd be able to do...
by MindTheGAAP
Mon Jun 08, 2015 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Poor (on paper) 401K options. Help requested
Replies: 11
Views: 1717

Re: Poor (on paper) 401K options. Help requested

So you're paying off the car loan at 2X payment/month? In that case, once that car loan is paid off, keep paying 1X payement to a savings account towards your next car (hopefully many years from now), and the other 1X car payment can go towards whatever other savings/investing priority you have. Th...
by MindTheGAAP
Wed Jun 03, 2015 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Poor (on paper) 401K options. Help requested
Replies: 11
Views: 1717

Re: Poor (on paper) 401K options. Help requested

@RuralAvalon, I actually built something yesterday briefly which is similar to Vanguard's "Cost" argument on this site for that very purpose: https://personal.vanguard.com/us/insights/investingtruths/investing-truth-about-cost A few of us at work are on the same page with this sort of thing so are g...
by MindTheGAAP
Tue Jun 02, 2015 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Poor (on paper) 401K options. Help requested
Replies: 11
Views: 1717

Re: Poor (on paper) 401K options. Help requested

Questions. What is your marginal federal tax rate? Depending on the tax rate, you might want to consider making only traditional contributions to the 401k. - We're likely to be in the 25% tax rate this year (towards the top of 15% last year) which makes the pre-tax 401K more enticing as far as I'm ...
by MindTheGAAP
Tue Jun 02, 2015 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Poor (on paper) 401K options. Help requested
Replies: 11
Views: 1717

Re: Poor (on paper) 401K options. Help requested

Please keep in mind, too, that even "poor (on paper) 401k options" in terms of expense ratios still have considerable advantages when you're talking about traditional 401ks, insofar as they allow you to save the money without paying at your top marginal rate (thus avoiding 25% or 28% or more taxes ...
by MindTheGAAP
Tue Jun 02, 2015 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Poor (on paper) 401K options. Help requested
Replies: 11
Views: 1717

Re: Poor (on paper) 401K options. Help requested

Rural Avalon - Thanks for the reply! Think some discussion will probably help figure this out so appreciate the willingness. Currently around $26k in the Roth IRA (mine) and another $6k in my wife's. Rolled a couple of 401Ks from prior positions into the Roth which is why mine is significantly highe...
by MindTheGAAP
Thu May 28, 2015 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: After you pay off your house...then what?
Replies: 26
Views: 4261

Re: After you pay off your house...then what?

It's all about balance. Very true words. I have seen too many people I know try to go gung-ho in one direction and they ended up falling off of the wagon. It's a bit like dieting... you need to let yourself enjoy every now and then or else you're going to fall off of the wagon at some point. If you...
by MindTheGAAP
Thu May 28, 2015 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Bond portfolio YTM> 3%
Replies: 25
Views: 2592

Re: Bonds are for safety

I am retired and my IPS requires that my bond portfolio YTM be > 3% (long term inflation +1). I have set up my portfolio so that I do not need to touch the bond portfolio in about 7 years (I have a 7 year source of spending cash - CDs, TIPs, etc). I have considered two approaches: A. Sell a portion...
by MindTheGAAP
Thu May 28, 2015 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Poor (on paper) 401K options. Help requested
Replies: 11
Views: 1717

Re: Poor (on paper) 401K options. Help requested

Bumping in the hope that someone will give me some insight...
by MindTheGAAP
Thu May 28, 2015 4:00 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3344
Views: 1004710

Re: What Book Are You Currently Reading? Part VI

The Big Short by Michael Lewis - about 50% of the way through and find it to be a great book thus far. May have had me considering Option Trading using Event-Based timing as a hobby, though!
by MindTheGAAP
Mon Mar 16, 2015 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Poor (on paper) 401K options. Help requested
Replies: 11
Views: 1717

Poor (on paper) 401K options. Help requested

I'm with a smaller company and we just implemented a policy that means I'll get 1% contribution/matching for 4% of my own money. Previously I'd been doing Roth IRA for myself and missus with Vanguard. Wanted to get your lot's opinion on which would be my best option with the investment choices throu...
by MindTheGAAP
Mon Jul 28, 2014 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: negotiating fees with a real estate agent?
Replies: 14
Views: 2939

Re: negotiating fees with a real estate agent?

We just used a flat-fee service to list our home on the local MLS site. We still offered the traditional 3% to a Buyer's Agent but paid just $995 to list and have them assist/represent us in contract negotiations. My wife and I have been thrilled so far and don't think it lost us any ground on other...
by MindTheGAAP
Tue Jul 22, 2014 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Buying in ok neighborhood vs good neighborhood
Replies: 27
Views: 2287

Re: Buying in ok neighborhood vs good neighborhood

As someone who just went under contract on my house and got plenty of feedback of "loved the house, didn't like the subdivision/neighborhood as much" I would recommend you go for the nicer neighborhood. The location of your house and the neighborhood you're in will determine the floor and ceiling fo...
by MindTheGAAP
Fri Apr 04, 2014 8:27 am
Forum: Personal Consumer Issues
Topic: TMobile $30 plan...
Replies: 52
Views: 14665

Re: TMobile $30 plan...

Looks like this is a contract (since you mentioned early termination). If so, how long is the contract? If after the contract ends, you dont get a new phone but still use the same phone and plan, then Tmobile will start making money. Another point is that you are paying $30 for a 100 minute plan. W...
by MindTheGAAP
Tue Mar 18, 2014 8:34 am
Forum: Personal Consumer Issues
Topic: CAR: should I buy new/used, cash/financed? [POLL]
Replies: 17
Views: 1846

Re: CAR: should I buy new/used, cash/financed? [POLL]

Many on this forum will disagree with what the wife and I decided to do recently but c'est la vie. We are paying off the medical bills we financed at 0% through the hospital as quickly as we can (read $500/month not $140 which is the minimum payment to receive 0% and not defer interest) which means ...
by MindTheGAAP
Fri Mar 14, 2014 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should you discuss your wages with your peers?
Replies: 82
Views: 8982

Re: Should you discuss your wages with your peers?

Coming from biglaw, associates were all on the exact same lockstep scale that was published all over the internet. So not only did all your co-workers know exactly what you made, but anybody else who was interested did as well. That last part may not have been ideal, but it was very nice to know th...
by MindTheGAAP
Fri Mar 07, 2014 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: BND vs VBMFX
Replies: 7
Views: 1249

Re: BND vs VBMFX

Both of these ticker symbols are good for the person who wants to invest in a passively-managed low-expense-ratio index fund of bonds. They both work well for the buy and hold investor. Some folks don't like ETFs and don't figure that out until after they buy them. Maybe some of them will respond h...
by MindTheGAAP
Fri Mar 07, 2014 10:46 am
Forum: Investing - Help with Personal Investments
Topic: BND vs VBMFX
Replies: 7
Views: 1249

Re: BND vs VBMFX

I looked at the thread: viewtopic.php?t=30493 It seems that many say ETFs are not as good as the equivalent index fund b/c of hidden costs and various other factors. Is this still true if there are not transaction costs for ETFs with this account that I have? Regardless of Transaction Fees, there a...
by MindTheGAAP
Wed Mar 05, 2014 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives to MINT.com
Replies: 36
Views: 10299

Re: Alternatives to MINT.com

We switched from Mint to You Need A Budget (YNAB) since we wanted something that was a bit more active. We have loved YNAB and think it definitely makes one more intentional. Just my $0.02, YMMV.
by MindTheGAAP
Wed Feb 26, 2014 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Finally ready for advice on my portfolio
Replies: 29
Views: 3419

Re: Finally ready for advice on my portfolio

Let's start with one clarification: Asset Allocation 60% US Stock 30% International Stock and 10% Bonds? Or, is it 60/40 with 30% of the stock in International? If it is first one this is a really aggressive AA. I would recommend a maximum stock exposure of 70%.. I was thinking 60% US stock, 30% In...
by MindTheGAAP
Tue Feb 25, 2014 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Feedback of Personal AA Requested
Replies: 6
Views: 821

Re: Feedback of Personal AA Requested

Unless it's your only option I would get out of the Wellington. It's easier to just have an asset allocation and then match your funds to that allocation. So yes I would have a bond fund for your bond exposure BND would be fine, or tips, or a mix Depending on your nominal versus inflation protected...