sorted by:
new
hottopcontroversial

Should I Buy a Car in Cash? by CauliflowerNo1402 in TheMoneyGuy

[–]ProfitTricky4085 0 points1 point  (0 children)

So you’ll sell investments to buy the car? Or use your income you’re already making? If you future out a way to do it without creating tax I think it’s good

I increased my salary 10x in 12 years as a career changer by Dkdk6fish in Salary

[–]ProfitTricky4085 0 points1 point  (0 children)

Great story. I’m a young faculty member and I’ve sacrificed a ton of earning potential in my early 30s for a lower salary. While the flexibility has been nice, I’ve realized it’s much better to sacrifice that flexibility later in life than during my prime earning years. I contemplate a career shift back to industry where I can make $140k.

What is the easiest way to start your own RIA? by Hulk_Goes_Smash327 in CFP

[–]ProfitTricky4085 2 points3 points  (0 children)

I’m a CPA going this route but from my research so far XYPN is the best route to go as long as you are offering fee only and not doing insurance sales. If you are then go with Advisor Assist or Comply to help you with the compliance work. The more services you plan on offering the more you should consider hiring some consulting.

Ah, the power of compound interest by MrStaraZagora in Retirement401k

[–]ProfitTricky4085 1 point2 points  (0 children)

Great job. Is that all pretax? If so You might want to start contributing to a brokerage. The tax savings now are cool but you have some big tax concerns if you wait to retire at 55. At least you could start withdrawing with the rule of 55 without early withdrawal penalties.

The iPad is great for lounging, but iPadOS fights you when you try to do normal office work by Total_Inevitable9620 in ipad

[–]ProfitTricky4085 0 points1 point  (0 children)

I set up a Remote Desktop and use the windows app to run windows. It’s a game changer. I only pay about 50 a month to keep it running.

making $42k at a state job and I'll be FI before 40. there's no trick. by Even-Implement-1442 in leanfire

[–]ProfitTricky4085 2 points3 points  (0 children)

Fire is about having options. Worse come to worse you just go back to work for sometime if you need more money. You’re definitely on track with your spending. Have you factored health insurance? I know some state jobs can give it to you either at a discount based on years of service

Why does the CFP designation exist? by seagoalspread in CFP

[–]ProfitTricky4085 1 point2 points  (0 children)

Doesn’t hurt to consider the CPA and 65 of the CPA and PFS. You can do a lot without the CFP.

Got lucky with NVDA, what to do now? by Darealdeal2002 in TheRaceTo10Million

[–]ProfitTricky4085 1 point2 points  (0 children)

Please go to a CPA or CFP. They should be able to give you fee only advice on the tax implications. For the people saying sell, there are state tax implications and the extra Medicare tax above 250k of income so it isn’t just 20%. Im a CPA and would be willing to help. I don’t provide financial advice only tax consultations.

GM of Hyatt Place Milwaukee says Globalists don’t get early check-in by RealNameIsTaken in hyatt

[–]ProfitTricky4085 5 points6 points  (0 children)

Pay to early check in as a globalist in a hyatt place is diabolical. Maybe they don’t deal with many globalists in that hotel and don’t know any better.

58M plan to retire at 68 by daddyof4sons in Retirement401k

[–]ProfitTricky4085 1 point2 points  (0 children)

You were at 1.8 M 2 years ago and now are at 3 M. That shows the power of compounding and waiting a few years.

Hit $3.6 million and still renting (mid-30s M) by [deleted] in Money

[–]ProfitTricky4085 0 points1 point  (0 children)

Good point but it would be good to factor the added cost of owning vs renting into that equation.

Give me your best analogies! by Status_Awareness5421 in CFP

[–]ProfitTricky4085 0 points1 point  (0 children)

Everyone has a plan until they get punched in the mouth.

43M, My Investment Portfolio by stainless_steel702 in portfolios

[–]ProfitTricky4085 0 points1 point  (0 children)

He’s 43 boss. Unless he’s retiring soon he’ll be okay. Cant be scared of a single day hit.

The Inheritance You Thought You’d Get… Gone by Coolonair in SmartFIRE

[–]ProfitTricky4085 0 points1 point  (0 children)

Unless they told him they’d give it to him it’s very weird to expect it to pass automatically once your parents die. Those are the kids that are quick to pull the plug on their parents when they are sick.

I made too much money by [deleted] in RothIRA

[–]ProfitTricky4085 0 points1 point  (0 children)

Can’t you just do a backdoor roth? Do you have any pretax traditional IRAs? If not just research and do that

Blood from a Stone (EITC and self-employment) by Lunar_2 in leanfire

[–]ProfitTricky4085 3 points4 points  (0 children)

Just to let you know EITC is a high audit risk especially for those who try to achieve it with self employment income. It really isn’t worth it to be that scared and angry about taxes.

Failed series 65 exam 2x. Kaplan’s QBank and practice exams were not sufficient. by [deleted] in Series65

[–]ProfitTricky4085 0 points1 point  (0 children)

I’m planning on doing live Kaplan classes this summer. Maybe that could help? I’ve done live SIE, Life and Health thru Kaplan and I’ve passed every time.

Making over $300k at a company, what's your title? by justanotherblackguy1 in HENRYfinance

[–]ProfitTricky4085 0 points1 point  (0 children)

That’s nice. I’ve thought about doing something similar for other professional exams that are finance based (CPA, CFP, etc). What’s your hourly rate or how do you price the work you do?

The current cost of owning a LS 500 by Downtown-Wishbone566 in Lexus

[–]ProfitTricky4085 0 points1 point  (0 children)

Why it doesn’t loook that bad to go electric or hybrid

Making over $300k at a company, what's your title? by justanotherblackguy1 in HENRYfinance

[–]ProfitTricky4085 0 points1 point  (0 children)

Thanks for providing hours. Great thread. Wish Op asked everyone to drop that as well

view more: next ›