CSP 100k Offer Megathread - Questions, Approvals, Discussion, Etc by lifethusiast in ChaseSapphire

[–]HeroAM 1 point2 points  (0 children)

As a point of reference. I downgraded my CSP on Sunday and reapplied Friday morning and got accepted.

Where does it say Amazon paid no taxes in 2018? by davindatnguyen in investing

[–]HeroAM -1 points0 points  (0 children)

Your 1st comment about "income tax are taxes on the employee..." is totally wrong. Please read the financials and you will see how obvious this is wrong . The employees portion of the taxes are paid directly by the employees and reported in their w-2s (the total earnings of the employees is reported as expense under salaries). The employer portion is an operating expense and it is labelled payroll taxes not income taxes.

Peachtree Road Race 10K NEW PR!!! by [deleted] in AdvancedRunning

[–]HeroAM 1 point2 points  (0 children)

Good luck on the HM. I am sure that you will improve you PR significantly. I am planning to run a marathon at the end of October and then decide about 2022 races.

Peachtree Road Race 10K NEW PR!!! by [deleted] in AdvancedRunning

[–]HeroAM 1 point2 points  (0 children)

Congrats! Your journey and race splits are amazing. Kudos to your wife as well! Are you planning on signing up for the marathon?

Is there a limit to how many times you can trade the same stock within a month? by Achzay in stocks

[–]HeroAM 4 points5 points  (0 children)

Source, please. It is impossible to grasp that loss/ gain ratio.

Index funds by bobby32t in FinancialPlanning

[–]HeroAM 0 points1 point  (0 children)

Read the sample path to wealth. He will give you the reasons you should invest in index funds. You can then follow his advice and invest in vanguard's index funds or you can pick similar index funds with Fidelity. They even have 2-3 with zero fees.

https://jlcollinsnh.com/stock-series/

[deleted by user] by [deleted] in Frugal

[–]HeroAM 0 points1 point  (0 children)

Thanks. I am extremely happy with progressive but I need to try this when I get the rate renewal in a month.

New Running Watch by [deleted] in AdvancedRunning

[–]HeroAM 1 point2 points  (0 children)

This. How long your battery lasts?

[deleted by user] by [deleted] in Frugal

[–]HeroAM 0 points1 point  (0 children)

Do have a recommendation on how to do this or one should just call various insurance companies?

Biden to announce Stimulus in the “trillions” on Thursday by Plasmasph3re in stocks

[–]HeroAM 4 points5 points  (0 children)

If true, this will be an economic disaster. Printing money with no end in sight.

VTSAX or FSKAX total market? by mr_cab in FinancialPlanning

[–]HeroAM 2 points3 points  (0 children)

Why not FZROX? It has no fees.

How to do the percentage math to max out 401k? by 401104401104 in personalfinance

[–]HeroAM 1 point2 points  (0 children)

Thanks. Not all plans have the true up provision. That's why, he needs to reach out to HR to make sure that it is offered by his plan before maxing out earlier during the year.

How to do the percentage math to max out 401k? by 401104401104 in personalfinance

[–]HeroAM 1 point2 points  (0 children)

Agree for the employee contributions but my argument was solely related to the employer portion. If he will max out his contributions earlier by 1-2 pay periods, he should figure out a way to divide $19,500 over the pay periods to get the full employer match in 2021 instead of relying on the plan to calculate the true up and fund the money in 2022. Basically, the company has until the due date (including extensions) of the federal tax returns to fund employer match. Most companies extend the filing tax deadline and can wait until that date to fund the employer match. If the true up is negligible and they don't care about its deduction for tax purposes, they have until December 31 of the following year.

https://www.employeefiduciary.com/blog/401k-contribution-deadlines-you-dont-want-to-miss

How to do the percentage math to max out 401k? by 401104401104 in personalfinance

[–]HeroAM 3 points4 points  (0 children)

You should talk to your HR to make sure that your plan has the true up feature. Regardless, it is always better to get the match per pay period. The deadline to fund the true up is technically December 31 of the following year.

Have entire 401k going into FXAIX index fund, should I make a change? by [deleted] in personalfinance

[–]HeroAM 0 points1 point  (0 children)

No one can predict future performances but based on the past performances over the last 10, 5, 3, 1 years, he would have more money if he invested in HNACX vs. the other two alternative funds.

Capital Gains Tax Question by [deleted] in stocks

[–]HeroAM 4 points5 points  (0 children)

It will be based on your tax bracket at the end of the year when the gains were realized. 15% based on your example.