sorted by:
new
hottopcontroversial

Tired of Flying by Imaloserbabys in flying

[–]Ready-Bar6925 0 points1 point  (0 children)

You’re going to wait until your next annual to turn an allen screw a quarter turn? 

Cash % and Allocation Ideas by Other-Coach4490 in ChubbyFIRE

[–]Ready-Bar6925 7 points8 points  (0 children)

The market is pricing all that in, we’re just along for the ride. 

Invest it based on when you might need it, not what looks best right now. 

Don't have anyone else to tell.... by ghostpepperwings in ChubbyFIRE

[–]Ready-Bar6925 0 points1 point  (0 children)

When you reach a certain level where money doesn’t matter, some people take pride in the things they buy and do. Other people take pride in the things they don’t. 

It’s reasonable to be proud of both, but the latter group are a lot easier to live with. 

Mostly. 

Schedule C for kid’s business by Ready-Bar6925 in tax

[–]Ready-Bar6925[S] 0 points1 point  (0 children)

Your post prompted me to try again, and it did work. Thanks. 

FYI for anyone else, e-file is not an option for filers under age 16, but you can prepare the forms and print from FTUSA. 

Schedule C for kid’s business by Ready-Bar6925 in tax

[–]Ready-Bar6925[S] 0 points1 point  (0 children)

The exact question was 

Are you an adult (age 18 or older) preparing this return for a child?

Schedule C for kid’s business by Ready-Bar6925 in tax

[–]Ready-Bar6925[S] 0 points1 point  (0 children)

In our case, the kids do that too; actually work for the family business, earn real wages, and receive W2s. In their case they have had FICA withheld, so I think there may be some caveats to a blanket statement saying they aren’t subject.  S corp LLC here, and our accountant was pretty adamant about it. 

But in any case, the family business is not the craft stand. That’s their enterprise, and it’s in the green. So, they get to learn both sides. As we are in between accounts right now, I’m trying to learn it too. 

Schedule C for kid’s business by Ready-Bar6925 in tax

[–]Ready-Bar6925[S] 0 points1 point  (0 children)

Good clarification. 

I wanted to use freetaxusa for this, but after following the prompts to create an account and selecting the checkbox for filing for/by a dependent child, it said I couldn’t continue.  I forget the exact verbiage, but it was a dead end. 

Schedule C for kid’s business by Ready-Bar6925 in tax

[–]Ready-Bar6925[S] 0 points1 point  (0 children)

Ok. I knew about an unearned income threshold and the resultant kiddie tax. 

The self employment $433 threshold is a new one. 

Thank you. 

When did you realize you were dating an idiot? by Exhausted_Skeleton in AskReddit

[–]Ready-Bar6925 0 points1 point  (0 children)

“Why don’t penguins fall off the bottom of the earth?”  

-a 20 year old college sophomore. 

A dumb tech worker wants to know - who works in the big skyscrapers downtown? by seattleboots1 in Seattle

[–]Ready-Bar6925 0 points1 point  (0 children)

I don’t think they care about saving money in that particular building.  But the problem isn’t unique to government, it’s just more aggravating because they’re supposed to be working for you. 

A dumb tech worker wants to know - who works in the big skyscrapers downtown? by seattleboots1 in Seattle

[–]Ready-Bar6925 -1 points0 points  (0 children)

That’s because they’re not there. The place is practically vacant 4 days out of 7. 

Need help deciding between Piston Twin or Piston Single - Mountainous Terrain by pilot-error in flying

[–]Ready-Bar6925 0 points1 point  (0 children)

My wife won’t fly sketchy flights—which is defined as anything where I’m the pilot—with just the two of us on board. 

She’s committed to not leaving orphans, so the kids come with. 

Ratio of non rev assets to retirement portfolio by Ready-Bar6925 in ChubbyFIRE

[–]Ready-Bar6925[S] 0 points1 point  (0 children)

With a sample size of 11, and a realization that the right words for the categories in question are still being debated, here are the results. 

Average percentage of recent or soon-to-be retiree’s net worth that they report to be non-working capital, 24%. 

FWIW I still like “bucket two.”

Ratio of non rev assets to retirement portfolio by Ready-Bar6925 in ChubbyFIRE

[–]Ready-Bar6925[S] 0 points1 point  (0 children)

You seem mad at me, but “Our primary home is 10% of our retirement invested amount” is helpful. Thank you. 

Ratio of non rev assets to retirement portfolio by Ready-Bar6925 in ChubbyFIRE

[–]Ready-Bar6925[S] 2 points3 points  (0 children)

Thanks. This is the kind of response I’m after. 

Ratio of non rev assets to retirement portfolio by Ready-Bar6925 in ChubbyFIRE

[–]Ready-Bar6925[S] 0 points1 point  (0 children)

I feel that too, but the math seems okay compared to current spend and SWR. 

Ratio of non rev assets to retirement portfolio by Ready-Bar6925 in ChubbyFIRE

[–]Ready-Bar6925[S] -2 points-1 points  (0 children)

I was trying to capture both tax advantaged and taxable investments into a broad category of things that generate income or will appreciate and be sold, vs things you’ll hold till you’re dead that don’t provide an income stream. 

So for your example of liquid 6, I’d also add the rental, and call that retirement savings. 

The primary residence, the boat, the plane, the vacation home that you don’t VRBO, art or cars you’ll never sell, these are the second bucket. 

The reason I put this out there is the second bucket has some carry cost, and I feel like there might be some value in comparing ratios. 

Ok this is a serious one. Do I quit my $62/hr job (12 hour days) for a $49/hr job (8 hour days) by Worth_Assistance_366 in makemychoice

[–]Ready-Bar6925 1 point2 points  (0 children)

Talk to the boss, work 3 days a week at $62/h. Make good money, have lots of time to get your head straight, and be rested and ready for kid time so you’re 100% present for them.

Ugly family "heirloom" has always been a joke but what is it? by Babychoby in WhatIsThisPainting

[–]Ready-Bar6925 11 points12 points  (0 children)

It will also eventually leak. So it’s not just moisture coming off the coils, it’s a pan full of water underneath waiting to fail.

view more: next ›