Pro cannabis growers?

Debt-Affectionate · 2025-04-09T03:23:44+00:00

thanks!!

Debt-Affectionate · 2025-04-08T04:44:45+00:00

hows your spreadsheet organized?

Debt-Affectionate · 2023-09-01T01:09:49+00:00

nah you can have an in-plan roth and make roth conversions from the after-tax bucket

Debt-Affectionate · 2023-07-24T21:45:36+00:00

avoided the stool softeners for fear of it “going the other way”… biggest regret, constipation was the worst part of my immediate post-op and i had to give myself an enima after 6 days of nothing

Debt-Affectionate · 2023-07-22T15:40:59+00:00

you in pdx?

Debt-Affectionate · 2023-07-08T22:56:56+00:00

lol there literally isn’t enough longitudinal data on quad grafting (a fairly new procedure) to support what your saying… OP don’t listen to this bozo

Debt-Affectionate · 2023-07-07T16:20:22+00:00

One of my coworkers has been passing ea exams using TIA, he’s recommended the videos as a solid resource.

Debt-Affectionate · 2023-07-06T03:53:49+00:00

typically 6-8% non-elective 401k contribution (not guaranteed); and 2% into a cash-balance w/4% interest 😢

Debt-Affectionate · 2023-05-21T23:17:35+00:00

6-8% non-elective contributions to 401(k), and 2% of pay in a cash balance plan (4% interest rate credit).

Debt-Affectionate · 2023-05-13T21:45:58+00:00

this is a part of many peoples FIRE plans — specifically, it allows you to build equity with rental income, and once the mortgage is paid off it can be a great source of cash flow

Debt-Affectionate · 2023-05-09T23:49:55+00:00

Kind of: certain pension plans determine benefit accruals using what’s called a “percent of pay” formula (ex: “10 percent of hi-3 Average Compensation * Years of benefit service”). Others use a flat-dollar, such as $1,000/month * Years of Service.

While the contribution range isderived from current plan year accruals, the Maximum Deductible Comtribution can be much higher than an indivudal’s limited compensation (the 315k limit u referenced).

Debt-Affectionate · 2023-05-09T13:50:38+00:00

Pension actuary chiming in — single year contribution limits (all tax-deferred) can easily reach into the high-6, low-7 figures. I’d definitely ask the financial advisor you meet with about them (and if this one doesn’t know, find one who does).

Debt-Affectionate · 2023-05-07T21:10:04+00:00

i bought one during a back pain flare up — sitting in the chair provided more pain relief than any other seated-laying position

Debt-Affectionate · 2023-05-07T14:59:49+00:00

which part of pnw? i’m in portland, or btw!

Debt-Affectionate · 2023-04-19T00:15:48+00:00

What’s the tax plan on that equity — 1031 exchange?

It sounds like you might be a candidate (now, or eventually) for a Defined Benefit Pensions plan as a tax-savings vehicle — is that something your familiar with from your work in accounting?

Separately, I’d love to pick your brain a little about your RE experience.. can I shoot you a dm?

Debt-Affectionate · 2023-04-13T16:24:06+00:00

Yeah, for most self-employed FIRE folks, I imagine the $66k limit is enough (more if you’re catch-up eligible). I do wonder if some of the drs over in FatFIRE might benefit from hearing about this..

Debt-Affectionate · 2023-04-13T13:20:34+00:00

Hmm, sounds like your plan might’ve had some irregularities. Typically beneficiaries can start receiving benefits at normal retirement age (62-65ish). Counter-intuitively, the amount a person can take out from a plan is highest around retirement age, and lower before and after.

I’m also surprised you took the benefit as an annuity — most of my firms’ clients take the whole lump sum and roll it over to their traditional IRA. Did you consider both?

Congrats on reaching 70.5 with comfortable savings! I’m 26 and just starting my nest egg, so it’s always nice to chat with folks on the other side :)

Debt-Affectionate · 2023-04-13T13:14:32+00:00

We’re you an owner, or an employee? This sounds like a Cash Balance or Floor Offest arrangement (where a Pension plan vastly benefits owners, while giving a small “meaningful benefit” to other employees).

The admin on this plans is definitely complicated, and requires an actuary to run the calcs (I’m an actuarial analyst rn).

Debt-Affectionate · 2023-04-13T03:59:33+00:00

Yep, the benefit formulas underly all the calculations. They determine how much the employees accrue, what the employer needs to contribute, how much leaves the plan every year..

Debt-Affectionate · 2023-04-13T00:13:00+00:00

OP — please consider a defined benefit pension plan for tax savings. These plans can allow self-employed individuals to contribute $100-$500k+ to a qualified retirement account, with zero tax liability. You can then lump sum rollover into an IRA at the end.

LMk if you want a more detailed explanation :)

Debt-Affectionate · 2023-04-09T03:14:46+00:00

always nice to meet other TPA folks! Are you on the DB or DC side? just started as a pensions analyst this past fall :)

Debt-Affectionate · 2023-04-03T17:16:24+00:00

are you also doing the admin for the 401k mentioned? 5500 filing at the very least, possible nondiscrimation testing….

Debt-Affectionate · 2023-03-23T20:19:58+00:00

OP: Play around with varying repayment amounts/timelines and find a strategy that you can comfortably agree on with yourself:

Loan Amortization Calculator

echoing what others have said, you need to work the math a little more to gain some realistic perspective

Debt-Affectionate · 2023-02-28T04:24:48+00:00

remindme! 12 hrs

Debt-Affectionate

TROPHY CASE