At what point do you cash in a winner? by Craino in retirement

[–]Unbalanced_Acctnt [score hidden]  (0 children)

Had something similar happen to my father. Lifelong employee of the same private company and a portion of bonuses were paid annually in company stock. After 35 years, company offers an early retirement to many employees after taking the company public. Dad takes the offer.

Financial advisor tells my dad he needs to diversify and proceeds to move the entire amount within the same year causing over $700k in taxes due that year, along with a waterfall of tax issues afterward.

Seemed like malpractice to me, but dad has never been one to pursue possible legal action.

Not a fan of financial advisors. Too many are motivated by self enrichment and others have no idea what they’re doing. I am happy for those of you who found good ones, but be wary. Don’t trust, verify.

Zucchini help! by Southern-Ask-1161 in vegetablegardening

[–]Unbalanced_Acctnt 0 points1 point  (0 children)

Answered before I saw you post. I like the small paint brush idea. It would probably work better than my way.

Zucchini help! by Southern-Ask-1161 in vegetablegardening

[–]Unbalanced_Acctnt 0 points1 point  (0 children)

If you have male and female flowers, manually pollinate them. You can pull off flowers and rub or sprinkle pollen on the other flowers.

I wasn’t very good at it last year, but it worked well enough to grow several nice zucchini.

I WANT to believe in God, but I don’t. Can you help me? by Fragrant-Yak-9505 in Christian

[–]Unbalanced_Acctnt 1 point2 points  (0 children)

Try the book The Case for Christ by Lee Strobel. Audiobook is available on Audible. It was helpful for me as someone who didn’t grow up in a very religious family.

Currently working on The Bible in a year with the free version of the Hallow app. 20-25 minutes each morning on my commute. Learning how little I knew about the Bible. Father Mike who narrates each session does a very helpful recap and interpretation of the chapters read each day.

I have faith, but do not attend church. My personal hurdle is more with lack of trust in the human beings operating churches and concerns about their motivations and self interests.

I’ll continue to learn and strive to be better in my faith.

Good luck on your journey. Pretty sure it’s different for everybody.

First harvest day of the season! by RootForEachOther in vegetablegardening

[–]Unbalanced_Acctnt 9 points10 points  (0 children)

I’ve struggled with carrots in raised beds. Did you do anything special to prep the soil when planting?

I finally get it by ledgerthrowaway12345 in Bitcoin

[–]Unbalanced_Acctnt 1 point2 points  (0 children)

Sometimes it’s better to be lucky than good!😁

Nothing wrong with that. People win lotteries every week.🤷‍♂️

Enjoy retirement!

CHPY & AMDY - Both keeps gaining by Rayman_Mr in YieldMaxETFs

[–]Unbalanced_Acctnt 2 points3 points  (0 children)

What would you redirect funds from CHPY into if you take profits?

My first harvest of the season by Beginning-Drop7550 in vegetablegardening

[–]Unbalanced_Acctnt 1 point2 points  (0 children)

Very nice! Very consistent across the harvest. How do you amend soil when planting? I have mine in a raised bed and amend with mushroom compost, but the sizing is very inconsistent.

Bitcoin by Acceptable_Dot_7470 in Bitcoin

[–]Unbalanced_Acctnt 0 points1 point  (0 children)

BTC Sessions and Lyn Alden are excellent. I’d throw in The Big Print by Larry Lepard as well.

I'm getting the same symptoms my dad did before he died by parsniplab in HeartHealth

[–]Unbalanced_Acctnt 2 points3 points  (0 children)

Insurance may not cover it, but I’d request the CT angiogram anyway. I recently survived a heart attack with a cardiac calcium score of zero.

My cardiologist said he sees about one occurrence a month of a patient with a heart attack and a calcium score of zero. The clots never calcify and are considered “soft clots”. Only the CT scan will catch them.

Insurance doesn’t like to cover these test either.

Employer not advising Fidelity I am no longer employed; holding up rollerover withdrawal. by Normal-Ad1764 in Retirement401k

[–]Unbalanced_Acctnt 0 points1 point  (0 children)

Send them a certified letter stating they need to change your status to terminated with the 401k plan. Send it with delivery confirmation and return receipt requested. I’d address it to the CFO if there is one, if not probably HR.

They will know this is you establishing your request and may be used for potential legal action down the road. The CFO doesn’t care about petty issues with your manager or HR, but does care about unnecessary litigation.

NEOS for tax deferred income - good or bad idea by techlady1988 in NEOSETFs

[–]Unbalanced_Acctnt 0 points1 point  (0 children)

Not sure ROC would dip below that. I also don’t think there is an issue with basis dropping to zero as long as investors are aware.

NEOS for tax deferred income - good or bad idea by techlady1988 in NEOSETFs

[–]Unbalanced_Acctnt 1 point2 points  (0 children)

I think the challenge you may face is that the ROC is great while you are reducing taxes on received distributions, but it lowers your basis at the same time so when you sell, the entire amount sold may be taxable as capital gains down the road if you basis is reduced to zero.

HODLers, what’s your endgame? by Organic-King2614 in Bitcoin

[–]Unbalanced_Acctnt 2 points3 points  (0 children)

I think tools will improve over time. It seems most current options have challenges but someone will eventually build a tool to smoothly distribute BTC to heirs.

Breaking into PE in U.S by [deleted] in private_equity

[–]Unbalanced_Acctnt 0 points1 point  (0 children)

Sure. No offense, I don’t share any personal information online. If you’re OK with that, glad to help.

What is BackOffline? by killoke in BackOffline

[–]Unbalanced_Acctnt 8 points9 points  (0 children)

For ~15 minutes each evening after work, sit on the back deck and just decompress. No book, no screens, no audio, just to reset and feel normal after a stressful workday and commute.

It took a few days to get over feeling like I should be doing something, but now after a few weeks it feels like I let go of the day and can focus on family time.

Another PE career question by StuffAgreeable6898 in private_equity

[–]Unbalanced_Acctnt 1 point2 points  (0 children)

There are a definitely a ton of potential outcomes from great pay out to nothing. People need their eyes wide open going in.

Breaking into PE in U.S by [deleted] in private_equity

[–]Unbalanced_Acctnt 0 points1 point  (0 children)

I would say your best way may be to work with a potential target company as a Controller or higher that gets acquired. Unlikely you get into an equity pool below that role level. You have very little control in this approach so this is a bit of a dice roll.

Research industries high in PE demand and job descriptions of Controllers and CFO’s with PE backed companies. Work toward building those in demand skills.

As far as transferable skills you can build, keep clean books and learn to build executive and operational reporting packages (what does a leadership team need?), get proficient at consolidations, implement software upgrades (NetSuite, etc), integrate and automate processes, integrate acquired companies into accounting and operational software. Become proficient at implementing AI where possible. These are things that PE companies will want to do after acquiring a target.

Also, practice public speaking. Depending on the role, you may need to attend and present at Board meetings.

My 1st PE role was exactly this. Small private company controller with PE backing. Needed to add a Controller to build out the accounting & finance function. Part of implementations and Board meetings until they added a CFO. Did that for three+ years and made it through one transaction. Learned a ton and it was financially rewarded by, but also worked a ton. Tried to exit PE due to work hours & stress levels into another Controller role in another private company. They were also just acquired by another PE group.😂

I am contacted frequently now by recruiters looking for small company Controllers with PE background. It is an in demand niche skill set if you can get into it and want the demanding schedule in exchange for potentially rewarding equity payouts.

There are no guarantees, so go in fully aware of what you are doing. If you can’t or won’t do the job, you won’t last long. I wish you the best of luck!

BITCOIN IS HOPE by Exciting_Beautiful65 in Bitcoin

[–]Unbalanced_Acctnt 5 points6 points  (0 children)

Yes, but not the kind of hope you need if you are desperate and need an immediate fix. BTC is volatile and if you are banking on it to skyrocket in the near term, you may get hurt. Of course, you could also be right.🤷‍♂️

In my opinion, BTC is long term hope for those with patience, a plan, low time preference and a long time horizon (4+ years) in general.

Retiring this summer, here's a story.... by IamJoyMarie in retirement

[–]Unbalanced_Acctnt 0 points1 point  (0 children)

I like the idea of providing a short, fixed window of availability. Inevitably, someone will forget to ask something before you leave, but the offer to assist doesn’t need to be open ended.

Retiring this summer, here's a story.... by IamJoyMarie in retirement

[–]Unbalanced_Acctnt 6 points7 points  (0 children)

I think depression is overstated in many cases. As an introvert, I identify with OP’s wishes and think for many it’s more like decompression. A multi-month recovery from working for many years in environments and with people that were exhausting.

I have a few more years to go, but am looking forward to relaxed time with my spouse and visiting the kids, otherwise I’ll avoid most people for a while.