Search found 275 matches

by MindTheGAAP
Sat Feb 11, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 4777

Re: Saving for college for 2 kids: 3 and 0

Alto Astral wrote: Klang likely feels I am the fool who is too young & optimistic and not preparing enough
In that case I'm young and cynical since I'm not quite 29!
by MindTheGAAP
Sat Feb 11, 2017 12:26 am
Forum: Investing - Help with Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 4777

Re: Saving for college for 2 kids: 3 and 0

Why does it need to be private university? I went to one but it was somewhat part of the deal with my folks for paying for it. I don't think I necessarily got a better degree out of it - I think it was just a different experience. Hey, who does not want their newborn to go to Harvard? Alto Astral, ...
by MindTheGAAP
Fri Feb 10, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 4777

Re: Saving for college for 2 kids: 3 and 0

But I am not confident I can do that for a private college Why does it need to be private university? I went to one but it was somewhat part of the deal with my folks for paying for it. I don't think I necessarily got a better degree out of it - I think it was just a different experience. Hey, who ...
by MindTheGAAP
Fri Feb 10, 2017 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 4777

Re: Saving for college for 2 kids: 3 and 0

But I am not confident I can do that for a private college Why does it need to be private university? I went to one but it was somewhat part of the deal with my folks for paying for it. I don't think I necessarily got a better degree out of it - I think it was just a different experience. Hey, who ...
by MindTheGAAP
Fri Feb 10, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 4777

Re: Saving for college for 2 kids: 3 and 0

Alto Astral wrote: But I am not confident I can do that for a private college
Why does it need to be private university? I went to one but it was somewhat part of the deal with my folks for paying for it. I don't think I necessarily got a better degree out of it - I think it was just a different experience.
by MindTheGAAP
Fri Feb 10, 2017 4:40 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 444
Views: 51033

Re: Your USER NAME...what does it mean?

Am in consulting - primarily accounting and finance and I am a CPA. Also from England. Play on that for 'Mind The GAAP'.
by MindTheGAAP
Fri Feb 10, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 4777

Re: Saving for college for 2 kids: 3 and 0

You are not going to spend the money on your kid's college education and be a burden to your children. That is not helping anyone. Often understated by many. Doesn't do your kids any good by putting them through University and then needing them to fund your final years... I know if given the choice...
by MindTheGAAP
Fri Feb 10, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 4777

Re: Saving for college for 2 kids: 3 and 0

We went with a brokerage account over 529 for a couple of reasons: firstly, we don't get a tax-break on contributions since we live in TX & we don't know what the future of higher education will look like OR if kiddos will get any kind of scholarships if such things exist at the time. For us, we li...
by MindTheGAAP
Fri Feb 10, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 4777

Re: Saving for college for 2 kids: 3 and 0

The thought of my kids getting a large chunk of my money at Age 18 or 21 with no strings attached scares me too much. Why not let the compounding happen in a 529 and tie the money to education? You can always take it out if you decide you need it for other purposes. 1. If you have had the appropria...
by MindTheGAAP
Fri Feb 10, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 4777

Re: Saving for college for 2 kids: 3 and 0

Your plan is fine for this stage of your lives. There is no doubt that it will evolve as time goes on. Good luck! +1. I have 4.5y/o, 3y/o, and 4m/o daughters and we recently started thinking more about the whole University savings mission. We decided that since we are in TX, we would use a Vanguard...
by MindTheGAAP
Tue Feb 07, 2017 4:43 pm
Forum: Personal Consumer Issues
Topic: Hotel Recommendations - Las Vegas
Replies: 20
Views: 2725

Re: Hotel Recommendations - Las Vegas

Top of the list (with pool desires) has to be the Signature at MGM Grand. They are 3 towers behind the MGM Grand casino that were originally built to be condos, and are now a mix of timeshares / hotel rooms. The towers are fully non-smoking, and the balcony suites are very reasonably priced; they i...
by MindTheGAAP
Tue Jan 31, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: Carribean island most like Hawaii
Replies: 63
Views: 10458

Re: Carribean island most like Hawaii

Drew777 wrote:Not an island, but I think Costa Rica would meet your criteria.
+1
by MindTheGAAP
Tue Jan 31, 2017 2:19 pm
Forum: Personal Consumer Issues
Topic: Leather sectional
Replies: 9
Views: 1557

Re: Leather sectional

We bought a large (non-sectional) leather sofa from http://cascobayfurniture.com/ several years ago. Hand made in NC, completely customizable from size (in any width and depth) to leather choice to cushion filling, etc. Was a fraction of the cost of similar sofas sold in the big-name stores. (I thi...
by MindTheGAAP
Thu Jan 26, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Is it to time to switch from Target Date fund to 3 fund portfolio?
Replies: 13
Views: 2355

Re: Is it to time to switch from Target Date fund to 3 fund portfolio?

BogleMelon wrote:
MindTheGAAP wrote:
add Small Value and REIT) so that made it slightly more limiting still.
If you have Total US index fund, then small value and REIT companies should be already in your portfolio, no?
Is it in my portfolio, yes. I chose to be overweight in those areas.
by MindTheGAAP
Thu Jan 26, 2017 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Is it to time to switch from Target Date fund to 3 fund portfolio?
Replies: 13
Views: 2355

Re: Is it to time to switch from Target Date fund to 3 fund portfolio?

I would wait until 50-100k Why? Can you please explain further? Not the original poster of those parameters but as someone who has about $80k in assets, I think that $50k is probably a good marker to begin splitting out from the Target Funds. Why? Because you have enough funds to easily meet the mi...
by MindTheGAAP
Wed Jan 18, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: 28yr old newbie playing catch up
Replies: 29
Views: 3338

Re: 28yr old newbie playing catch up

Fellow nomad!! Thanks for the reassurance. Yes, I don't plan on being at this current employer forever so I will definitely roll my 401k into something at Vanguard. In a fantasy world I'd love to move to London and work there for a bit, but I'm too scared to make the move. Just wanted to say that i...
by MindTheGAAP
Tue Jan 17, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Switching Careers and Maximizing Tax Advantage Accounts
Replies: 2
Views: 526

Re: Switching Careers and Maximizing Tax Advantage Accounts

Since it is your family's business, could you not be self-employed and setup your own Solo 401K? Would allow you to put in $18k/yr + 25% of net profit or W2 wages (if you do LLC taxed as S Corp) and therefore have more space. I opted for LLC taxed as S Corp and will hire my wife to be the co-Manager...
by MindTheGAAP
Fri Jan 13, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 20863

Re: "Millennials may need to double how much they save for retirement"

This is my favorite part: "Among plan changes BlackRock suggests: higher default rates for employee contributions, requiring employees to contribute more to get the full match, auto enrolling older workers in “catch-up” programs that allow them to save more tax deferred, and making loans and early ...
by MindTheGAAP
Tue Jan 10, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes with W2 and K1 income
Replies: 12
Views: 1085

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
Tue Jan 10, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes with W2 and K1 income
Replies: 12
Views: 1085

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
Tue Jan 10, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes with W2 and K1 income
Replies: 12
Views: 1085

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
Tue Jan 10, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes with W2 and K1 income
Replies: 12
Views: 1085

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: 3913

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: 3913

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: 3913

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: 1197

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: 3913

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: 1197

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: 389

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: 33362

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: 10006

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: 10006

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: 10006

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: 1255

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: 528

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: 528

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: 528

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: 277

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: 277

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: 2901

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: 4491

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: 4013

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: 7333

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: 4013

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: 1820

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: 1820

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: 8841

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: 4809

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: 2783

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%...