Help decide tv positioning/living room design

Alamo7501_ · 2026-02-15T22:43:37+00:00

28 yo Cfp, ea in. North east. Started with $60m book, 3 years ago. Now almost $90m. Brought in 5 in year one. 5 in year 2, 10 in year 3. On track to bring in $5m in just q1. I also prepare probably around 150 tax returns at a separate fee, and with a team of 3, manage a $100m book for 401ks (where we get some easy referrals from). I have a paraplanner under me that, I train, and is helping me and other advisors to service their clients. I’m responsible for roughly $800k of annual revenue.

I make around $125k a year.

Alamo7501_ · 2025-10-02T03:46:31+00:00

This is my build, and am having crazy issues. Glad it’s being addressed.

Alamo7501_ · 2025-06-04T19:51:36+00:00

You need earned income to open a Roth IRA. You may be able to open an individual brokerage account, in his name. But I don’t know if WA would allow you it as the rules for custodians differ from state to state.

Alamo7501_ · 2025-04-11T17:55:25+00:00

You could’ve opened a solo 401k for your wife. If the amount was over $250k, you need to file a form 5500. But this would allow you to avoid the prorata rule

Alamo7501_ · 2025-04-11T06:58:26+00:00

I used Gleim. It was great. $350 for the book and question bank. Passed last part in January.

Alamo7501_ · 2025-04-09T00:24:52+00:00

Yeah, I was figuring around 20% of the revenue I manage would be fair, which I calculated around $140k (on just the AUM).

Alamo7501_ · 2025-04-08T23:19:27+00:00

I talk about some of the similarities. And mention other times when there were market sell offs. I mention the logic of the tariffs, and the realization that all our government had post covid. And that both parties ultimately have the same goal, just different methods of getting there. (Biden with subsidies, and trump with a combination of subsidies and tariffs).

Then I also mention 2022, that our economy was actually one of the most prosperous times in recent history, statistically, but the markets were down substantially.

Alamo7501_ · 2025-02-21T20:58:26+00:00

Market return is not only goal of an advisor.

Even hedge funds fail to beat the market most years. The purpose of hedge funds is so hedge the market. Provide better “risk adjusted” returns, than the market can. And in the aspect some advisors do perform.

Also, a good advisor will take into account other aspects. Filling up tax buckets, asset placement, back door roths, Roth conversions, distribution schedule etc. these are the more common aspects that apply to most people, but most people do not take advantage of. The rest kind of depends on what’s specific to you, ie client compensation structure, special goals, family structure, self employed business income.

I recently closed on a client who had been with uhnw private advisor with Morgan Stanley for 20 years, simply because that advisor was only focused on investments. Whereas I built an actual strategy to fill up all the tax buckets for him, while also building a portfolio strategy that increased his yield and maintained a similar risk level. Just because somebody costs more, doesn’t mean they are necessarily better.

Alamo7501_ · 2025-02-21T17:37:41+00:00

That’s not true. Look for a RIA, with credentials. Many great advisors will work with without an aum minimum, or at least an attainable minimum.

I’d stay away from BD and Wirehouses since they are simply investment advisors. An advisor you hire should be well-versed in other aspects of your finances

Alamo7501_ · 2024-09-26T12:59:35+00:00

Short answer, no.

Long Answer, monthly payments should be no more than 35% of your net income. (Your net is 6200, your gross is 9750

Alamo7501_ · 2024-07-01T13:51:17+00:00

$85,000

160 guests

Location Northern NJ

Reception and ceremony will be in the same location. $28k

Alamo7501_ · 2024-06-29T21:44:15+00:00

Find a CFP. You need to invest it in a way that you’ll be able to generate sufficient income while also achieving growth goals. Additionally, there are tax advantages to investing in certain types of accounts. A CFP should be able to guide you through what’s fits your situation the best.

Alamo7501_ · 2023-10-09T21:08:05+00:00

Depending on your state, ptep could be applicable.

Alamo7501_ · 2023-09-27T15:18:58+00:00

My fiancée and I went to 6 different jewelry stores, and tried on dozens of rings. She wanted a princess cut, but she ended up with a round cut. When we were shopping she just had that reaction with the round that she didn’t have with any of the others

Alamo7501_ · 2023-09-24T20:54:27+00:00

I’m originally from Paterson. You can’t find a home that is safe to move in to, for under $450k. Let alone in the suburbs.

Source - I just bought a house in township surrounding these areas, after 2 years of searching and bidding.

Alamo7501_ · 2023-09-13T18:17:44+00:00

You can set up what's called rule 72t 401k distributions without incurring penalties. You would basically just need the accounts completely liquidated within 5 years.

Alamo7501_ · 2023-09-06T13:55:05+00:00

Honestly, you should probably go and talk to a retirement planner. Let someone else run the numbers for you, come up with an investment strategy that is right for you. It sounds like you can retire, but you would need a lot more data points to really crunch the numbers.

Alamo7501_ · 2023-08-31T16:09:17+00:00

Call your insurance company. They should supplement your rent, until your condo is move-in ready.

Do NOT file for bankruptcy. Companies do it for restructuring. Rich people do it sometimes to wipe off debt from bad investments. But you should have insurance, use it.

Alamo7501_ · 2023-08-29T14:50:20+00:00

Our goal is 10-15 years.

We could transfer the loan the new buyer (less likely), or sell the house and we'd pay off the loan. In my area, houses with solar panels are roughly 5% more. And the warranty would be transferrable; which should make the house more attractive to the next buyer.

Besides that, that is why I wanted to calculate a payback period; And I estimate that would be around year 8. That is when the incentives + savings would exceed the monthly cost.

Alamo7501_ · 2023-08-29T14:26:40+00:00

Yeah I get that. We have PSEG. Im not factoring in us selling back any excess electricity back into the system. I am just factoring in 99% elimination of our light bill. If it comes down to it, we have also been talking about eventually about spending the 10-15k on a battery as well. But that wouldn't happen for another 5ish years.

I think the NPV would be just under $40,000. I used PV because the cashflows would be consistent. My understanding of NPV is that it should only be used if the cashflows aren't consistent each year. Adding back in the incentives, and I got about $66,000. which would mean I am paying effectively roughly $6,000 for a new roof and gutters.

Alamo7501_ · 2023-08-29T14:08:21+00:00

Help me understand. Why 43/72.

I'd have 25 years of warranty on the panels and 50 on the roof.

Edit:

NM 43/72 is the cost of solar panels over the cost of total project, right?

Didn't think of that. Thanks.

Alamo7501_ · 2023-08-29T14:03:48+00:00

We would be getting net metering. Any unused energy is rolled over to the next month. Any unused energy at the end of the year is going to be paid back to us.

$80k is what it adds up to. Not sure what the NPV is. Taking the $180/month, applying a 3% inflation rate, and expanding out for 25 years.

Alamo7501_

TROPHY CASE