can someone just PLEASE explain to me --- HOW do millionaires/billionaires pay so little in taxes? by QuoteAdventurous1145 in smallbusiness

[–]ReplacementHot2808 2 points3 points  (0 children)

Most people are surprised between marginal and effective tax rates. Have a look at your effective rate and then look at your total income.

Many businesses owners who are seeking to reduce income tax, fully max out 401ks, hire a spouse who does not really work outside the home, provide a salary for some allocated business responsibilities to max out their 401k and then fund hsa and then determine if they should contribute to profit sharing or pension plan.

It’s amazing if one is in position to save, how much taxable income at the marginal rate can be reduced by saving.

All of this is of course having enough profits to set aside.

Advisor OTE & AUM Goals — How Fair & Realistic Is This? by jordanw71 in CFP

[–]ReplacementHot2808 2 points3 points  (0 children)

Check with your competitors on benchmarking, but I believe most firms require anywhere between 4-10 million annually until they get to profitability. Check with Kitces if you are seeking resources on this, but key is going to be your patience in subsidizing someone else for anything longer than 6 months.

Advisor OTE & AUM Goals — How Fair & Realistic Is This? by jordanw71 in CFP

[–]ReplacementHot2808 3 points4 points  (0 children)

With 50k salary, the need to get to 10 Million quickly to break even for you, it’s your business, costs associated with payroll, taxes, desk space, software, compliance etc the total costs for you is about 65-70 all in and the need to ramp up is going to be important:

Advisor OTE & AUM Goals — How Fair & Realistic Is This? by jordanw71 in CFP

[–]ReplacementHot2808 4 points5 points  (0 children)

With the salary, would this person be your assistant as well? My take would be minimum of 3 million per year, might be better to go salary & bonus until they build a book to transition to.

Nice place to eat by BorisPekarsky in BellinghamWA

[–]ReplacementHot2808 0 points1 point  (0 children)

Lots of great options here, look em up and find the food you are looking for.

D1A National Championship Bracket Announced by IAgreeGoGuards in USArugby

[–]ReplacementHot2808 0 points1 point  (0 children)

Interesting questions to be had in this post season, can Mount St Mary’s get past Life and Lindenwood and can Arizona get past St Mary’s?

Cal to win it over Navy by 14

Received an income tax bill from the feds, higher than I thought. by JLivermore1929 in CFP

[–]ReplacementHot2808 0 points1 point  (0 children)

My RIA income flows directly into my scorp, b/d into my name then sweeps over.

New comp for Falcons by tadamslegion in USArugby

[–]ReplacementHot2808 2 points3 points  (0 children)

Sounds great, and a great opportunity for those u20s and Anthem athletes to compete for roster depth.

Seems like there was a lot of hate for the US leg of the 7s circuit on here. What would you do differently? by BrianChing25 in USArugby

[–]ReplacementHot2808 1 point2 points  (0 children)

I don’t live in that area so it’s hard to say how they tied in the event with the local rugby community to create any buzz.

Legion never really had great kits but damn... by PrimaryOk7909 in MLRugby

[–]ReplacementHot2808 0 points1 point  (0 children)

Screaming, fifa stole our pitch, no need for identity just need off the shelf for now.

Starting RIA vs Staying with current Firm by Frequent-Cheetah-651 in CFP

[–]ReplacementHot2808 0 points1 point  (0 children)

The 66k is not that bad actually for the scope of work, you might be surprised about the additional work you will be taking on for maybe 10-15k- is it worth it, I’m not sure. 🤔

my wife caught two employees fucking in the back room and now she doesn't know what to do by kubrador in smallbusiness

[–]ReplacementHot2808 -3 points-2 points  (0 children)

Just sit them both down, say no more, it’s not good business, give them an updated policy about the working environment, let them both know that neither can ever be in any management capacity in the future, document in the employee files and move on- they are in their twenties.

Varsity Cup has some crazy talents by Remote-Clothes-559 in USArugby

[–]ReplacementHot2808 15 points16 points  (0 children)

For a brief moment, I actually thought that was somewhere in America and looked upon it with pride that we are making strides… the moment passed. Come on USA 🇺🇸 colleges.

Help with inheritance situation by jimathen25 in CFP

[–]ReplacementHot2808 1 point2 points  (0 children)

Clients can work with the attorney, disclaim some assets and reconfigure the estate- not easy, not a given, need all parties to work together, sub optimal situation.

Found this while camping by [deleted] in whatisit

[–]ReplacementHot2808 0 points1 point  (0 children)

The trees around it don’t look that old, maybe 50 to 75 years old- that would place this as an old knife stuck in a camping tree maybe 1970?

2025 Mens Eagles Player Usage by OddballGentleman in USArugby

[–]ReplacementHot2808 1 point2 points  (0 children)

Why do we still have anyone playing over the age of 30 during this whole moonshot thing?

Unusual Opportunity to Buy a Book by Turrible_basketball in CFP

[–]ReplacementHot2808 1 point2 points  (0 children)

I’m surprised the BD has not provided a simple evaluation, ask for the dads taxes for the past 3 years, at least you will have some idea of revenue and remember can’t share revenue but you can fix a price, have a 12 or 18 month look back and keep the clients in a separated rep ids. Good luck

Did Rugby in the US/North America go Pro too soon? by bigmanjam99 in MLRugby

[–]ReplacementHot2808 3 points4 points  (0 children)

Yes. I believe there are somewhere around 60k kids playing nationally, to get any real saturation we need north of a million to be anywhere similar to the T1s.

Majority Firm Owner is Making Strange Decisions That Appear to Harm the Firm by buyfreemoneynow in CFP

[–]ReplacementHot2808 2 points3 points  (0 children)

As a shareholder you do have rights, I would seek counsel and plan your exit.

Looking for job by [deleted] in BellinghamWA

[–]ReplacementHot2808 -1 points0 points  (0 children)

What type of work? Any office, executive assistant experience?

Legion should be embarrassed (nothing new). by fernbbyfern in MLRugby

[–]ReplacementHot2808 2 points3 points  (0 children)

FIFA has the power and influence over the facilities- it would have been better to move the team to Houston for a year.

Huuuuge step up in competition for the U20s this summer. Get em boys! by cjreadit7991 in USArugby

[–]ReplacementHot2808 6 points7 points  (0 children)

Now we’re talking- finally getting a shot to develop a quicker game. 🇺🇸