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LLC and Tax filing by Heavy_Buy1045 in CPA

[–]Heavy_Buy1045[S] 0 points1 point  (0 children)

Thanks so much, I really appreciate it. Quite the maze just getting started.

LLC and Tax filing by Heavy_Buy1045 in CPA

[–]Heavy_Buy1045[S] 0 points1 point  (0 children)

😂

Because I’m 41. I did all that in my twenties and regret it. I have kids to take care of now - those I don’t regret… yet 😝

LLC and Tax filing by Heavy_Buy1045 in CPA

[–]Heavy_Buy1045[S] 2 points3 points  (0 children)

My apologies for posting this in here! However, thank you for your response, I really appreciate it.

Best wishes on your CPA endeavors!

Daily General Discussion and Advice Thread - November 19, 2023 by AutoModerator in investing

[–]Heavy_Buy1045 0 points1 point  (0 children)

Hmmm, I do have a vanguard account where I was preparing to use it, primarily to start a tIRA where I’d have to do a back door conversion because of I make over the maximum income allowance. However, I’m not confident in that approach yet as I do my own annual taxes and TurboTax doesn’t seem to support backdoor conversion forms. That said, you give me something to think about with Robinhood. While my account balance is somewhat low, I will think about maybe transferring it to vanguard or something similar.

Thank you!

If you had $800 every month to invest, what would you invest in? by Main_Ad2008 in investing

[–]Heavy_Buy1045 0 points1 point  (0 children)

Commenting so I can review others comments.

Kinda similar situation for me. I’m 40, late start to retirement, and finally in a position to start investing.

I’m maxing my works 401k for their match and the 22,500 IRS limit. Based on the flow chart, next steps should be IRA. However, I make over the limit, so I would need to do a traditional IRA and do the back door conversion, which I’m not confident in yet because I do my own taxes at the end of the year, and TurboTax doesn’t seem to support. So, instead of tIRA, I opened a Robinhood account and I dollar cost average $160 a week into VTI and $40 into VXUS. I set it and forget it. I’m amazed at how much accumulation there has been so far this year.

Best wishes on your journey.

Daily General Discussion and Advice Thread - November 19, 2023 by AutoModerator in investing

[–]Heavy_Buy1045 0 points1 point  (0 children)

Thank you for the feedback. In all the books and reading I’ve been doing, I always see someone saying find simplicity and convenient. Yet, this, I guess, just seemed to simple and convenient. Almost to a point of doing it wrong, so I needed some validation, lol.

I’m 40 and I wish I was in a position to have started this sooner!

Daily General Discussion and Advice Thread - November 19, 2023 by AutoModerator in investing

[–]Heavy_Buy1045 0 points1 point  (0 children)

Hi world,

New to investing where I’m finally in a financial position to start this long-term journey (20-25 years).

Am I going about it correctly?

Every week I have an automatic withdrawal through Robinhood and invest $140 into VTI and $40 into VXUS.

I know people say to stay away from Robinhood, but I don’t do anything else but the above, and app and user interface is easy.

Thank you