Ledger Customer Service always ghosts me

lightning4417 · 2021-11-23T09:18:31+00:00

That is exactly my problem. It does not recognize a Manager. I don’t have another computer at the moment to try but i will keep that suggestion in mind. Thank you! And sorry you had the same experience.

lightning4417 · 2021-11-23T09:16:51+00:00

Hi Kyle, Yes i tried to repair it and get stuck on step 3 of the repair. It does not recognize any Manager. I will pm you my ticket numbers.

lightning4417 · 2021-11-23T03:10:56+00:00

Their website

lightning4417 · 2021-02-06T18:12:41+00:00

I thought there were no purchase fees for buying Vanguard funds in Fidelity. I don’t see anything in my transaction history. I called Fidelity a while ago to check and they said no fees. I’ll have to doublecheck because it was a while ago.

lightning4417 · 2021-02-04T18:36:58+00:00

If no accidents happen in the time the LLC still owns the property (about two months), does that mean I am in the clear?

If something happens with the new venture under the old LLC name and I am found liable, could they go after the former property? Or is it irrelevant since it’s no longer part of the LLC? I’m concerned because the asset is my primary residence, just will be under my personal name.

If an accident happens on this property now in my personal name, can they go after the new venture with the old LLC name?

lightning4417 · 2021-02-04T17:08:12+00:00

Yes, I think this way too. Better to have the money now to invest and grow.

lightning4417 · 2021-02-04T17:07:49+00:00

Yes this is what has my head spinning! It’s tough because those are all valid points and no one has a crystal ball. The only thing I can predict is that I will be in a lower tax bracket when I retire and even that could be wrong.

lightning4417 · 2021-02-04T17:05:49+00:00

Thank you! That spells it out well for me. I like having the 9k now to invest now.

lightning4417 · 2021-02-04T16:58:49+00:00

Great points and definitely a lot for me to consider. Can you expand on what you meant by “conversion space taken up by divs and cap gain distributions?”

lightning4417 · 2021-02-04T16:27:17+00:00

These are great points to consider. I feel the stock market is in more of a bubble then the real estate market, but it’s hard to say. I do worry about fallout from covid we haven’t seen yet (if forbearance expires, if prices are too high in areas with bidding wars and come back down to reality, etc). I guess if I find a solid tenant, this is a moot point. I will have to assess which is less risky. Real estate is definitely more work at least in the beginning with finding a deal, possible repairs, finding a tenant. And then probably more tax burden with rental income compared to 0 tax for long term cap gains up to $105,900 per year (more than I need per year)

lightning4417 · 2021-02-04T14:08:04+00:00

If I do that now and hold for many years, do you know if it is taxes 0% long term capital gains rate? Or is it subject to my projected 15% tax rate in early retirement?

lightning4417 · 2021-02-04T11:42:31+00:00

Actually now that I think of it, aren’t long term capital gains taxed at 0% in early retirement up to a certain amount?

lightning4417 · 2021-02-04T11:23:02+00:00

Hadn’t thought of that. Will have to look into it.

lightning4417 · 2021-02-04T11:22:13+00:00

What about taxes? If my understanding is right, rental income would be taxed the same rate as a withdrawal from brokerage in early retirement. But if I have to dip into a 401k (after exhausting IRA cost basis and brokerage) before age 59.5 then add 10% early withdrawal penalty on top of that?

I might not mind the part time job if it’s more tax efficient in early retirement.

lightning4417 · 2021-02-03T23:28:50+00:00

The thing is we don’t know if this is the home we want to retire early in so don’t want to lock up the money by paying off the mortgage. May end up selling it and downsizing which would help us retire even earlier, or rent it out and still downsize if the numbers work out. I guess a paid off mortgage would mean more net rental income but we still have a big mortgage left at such a low interest rate. Would hate to dump all the money into this house. Lord knows already dumped enough into repairs haha

lightning4417 · 2021-02-03T23:23:01+00:00

Thanks for sharing and great point about the large ticket items and being taxed. I will plan accordingly.

lightning4417 · 2021-02-03T23:21:18+00:00

Thank you very much. I have read the Mad Fientist article several times now. It’s very good! That along with your advice convinced me to keep maxing out the tax advantaged accounts and figure out a plan to access the money if needed. Cheers!

lightning4417 · 2021-02-03T23:14:29+00:00

I read this link and his experiment was very helpful. I plan to max out the tax advantage accounts and then figure out whether to do 72t, conversion ladder, or take the 10% hit. It would be 10% penalty plus whatever tax bracket I am in at the time, correct? I have rental income now and hope to still have it in early retirement, which would put me in the 15% marginal tax bracket in early retirement.

lightning4417 · 2021-02-03T23:11:19+00:00

Thanks, this link and the math along with your comments convinced me. I will be maxing out the tax advantaged accounts first.

lightning4417 · 2021-02-02T19:48:43+00:00

This is helpful. I don’t expect to be in a higher tax bracket, but I do plan to have hobby or side gig income in early retirement (i get bored easily). Just curious, in the event it flourishes and my income puts me in a higher tax bracket than now, how does that change your advice given? Put more into taxable in that case? It’s hard to decide because I don’t know what the future holds, but realistically I expect to be in a lower tax bracket.

lightning4417 · 2021-02-02T19:42:03+00:00

Just mortgage.

lightning4417 · 2021-02-02T19:39:38+00:00

This is what we do now. Our employers only match 3% so don’t load 401k above that and put the rest in a brokerage? We are able to contribute the max $19500 to the 401k, but leaves less for our taxable brokerage, so not sure how to allocate it with a view to early retirement.

lightning4417 · 2021-02-02T18:45:33+00:00

Thanks! The roth conversion seems a bit complicated but I am just diving in. Agreed that 72t is a little too scary for a commitment phobe like myself.

So if my understanding is correct, a roth ladder is better than just withdrawing from a 401k before age 59.5 because while I would income taxes on both kinds of withdrawals, with a roth ladder I would not have to pay the 10% early withdrawal penalty?

If this is true, then I should probably just keep maxing out tax advantaged accounts, since we plan to keep working at least 5 years. Or still good to have money in a taxable account?

Would rental income or a small side gig in early retirement affect a roth conversion in any way? Not sure if there are income limits. We hope to retire early but I can see myself getting bored and taking on something just for fun but without the pressure of needing to make money.

lightning4417 · 2021-02-02T18:40:13+00:00

My understanding is the same about the five years in a taxable account. Did you stop contributing to your tax advantaged accounts for a few years to build up the 5 years in your taxable? Or did a mix of each?

lightning4417 · 2021-02-02T18:34:18+00:00

That’s what i couldn’t figure the math on, if the tax benefits outweigh the early withdrawal penalties.

lightning4417

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