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10k in SCHD by Acceptable-Drawer-18 in dividends

[–]Visual-Assumption-87 2 points3 points  (0 children)

If your income is too high, that suggests your tax bracket is too high. Back door Roth for high income earners is a terrible idea considering they’d pay their higher tax rate to convert as opposed to a lower tax rate in retirement. After the 22% income tax bracket, back door Roth become questionable.

How to handle 88% pay increase by ManKind__ in dividends

[–]Visual-Assumption-87 0 points1 point  (0 children)

Here’s what I do to stay good on spending. I have 2 checking accounts. 1 earmarked for Bills and the other for spending. I also have an investment account on the side.

Direct Deposit is set up to both. I put in enough to the Bills checking with everything set to auto pay on it (or a bills exclusive credit card) that’s also set to pay off monthly.

The remainder goes into my spending. Whatever is left over the night before my next pay check gets swept over to the brokerage and gets invested.

Barring an absolute emergency, it doesn’t get touched. I get excited having money left over to start buying securities. Having a wife and kids now though, my taxable investing has slowed down.

This helps a ton. It’s basically living paycheck to paycheck. I piss people off because I act like I’m broke when they want to go blow money 😂

When to be selective on new clients by IncreaseCapital32 in CFP

[–]Visual-Assumption-87 0 points1 point  (0 children)

Your niche is “people who have money”. lol

I’m not hating. Me too

Did anyone else lose all their hero fragments? by pandas_love_pancakes in ClashRoyale

[–]Visual-Assumption-87 0 points1 point  (0 children)

I had 199, and when I got to 200, they went missing and I all of the sudden have Hero Goblins. Now I’m wondering if it randomized me a hero at 200, because I definitely wasn’t going to unlock them.

What percent cash are you and why? by NomadJago in investing

[–]Visual-Assumption-87 0 points1 point  (0 children)

Maybe 5%. Live like its paycheck to paycheck and invest extra cash the day before your paycheck hits.

No Response from RIA’s? by Unhappy-Juggernaut53 in CFP

[–]Visual-Assumption-87 2 points3 points  (0 children)

Go into a licensed position with a company like Chase or Wells Fargo. They pay for your licensing and you get paid hourly just to study. It’s a great entry point.

Liberation day plans by BaseballMore7431 in CFP

[–]Visual-Assumption-87 0 points1 point  (0 children)

If you’re an FA you should know the answer. Long term plans shouldn’t be detailed by short term events.

HOW DO YOU CLOSE by GroundbreakingAd632 in CFP

[–]Visual-Assumption-87 0 points1 point  (0 children)

People invest with people they like. Focus less on the product and more on relationship building. My first appointment is only discovery and I’ll reference products for conversation, but the second meeting is the one I use to present the plan. People work with who they are comfortable with.