| Forum | Message |
 Money Talk
 | re: Permanent Life Insurance - BARNEYSTINSON on 5/16/13 at 10:24 pm
It depends on what you are trying to accomplish. If you are simply looking to cover debt and provide for children until they become adults, term is what you are looking for. If you are looking to do those things and legacy planning, whole life is what you are looking for. Both term and whole have p...
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Money Talk
| re: Tax question for new business - BARNEYSTINSON on 5/1/13 at 11:34 am
Thanks....
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Money Talk
| re: Tax question for new business - BARNEYSTINSON on 5/1/13 at 10:32 am
[quote]One disadvantage is less flexibilty and capacity to save for retirement. [/quote]
Can you expand on this?...
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Money Talk
| re: Tax question for new business - BARNEYSTINSON on 4/30/13 at 9:42 pm
Thanks. ...
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Money Talk
| re: Tax question for new business - BARNEYSTINSON on 4/30/13 at 9:39 pm
OK. Read the article. So the average compensation range for my line of work in this area is 65,000. But, since it is a new business I could pay myself slightly less this year as long as I increase the salary in future years and future growth?...
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Money Talk
| re: Tax question for new business - BARNEYSTINSON on 4/30/13 at 9:15 pm
Thanks for the info and the article....
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Money Talk
| re: Tax question for new business - BARNEYSTINSON on 4/30/13 at 9:06 pm
The S corp allows for tax savings via lack of employment tax on distributions. Whereas, employment tax is paid on all net income of an llc. This is my understanding at least....
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Money Talk
| re: Tax question for new business - BARNEYSTINSON on 4/30/13 at 8:58 pm
Thanks for the confirmation. How does the IRS define the reasonable ccompensation?...
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Money Talk
| Tax question for new business - BARNEYSTINSON on 4/30/13 at 7:50 pm
I will be transitioning from w2 to 1099. I plan to set up an LLC and file as a sub s. Will have all business expenses go through the business, and pay myself a reasonable salary. I will then take distributions from the retained earnings. Any thoughts on my line of thinking?...
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Money Talk
| re: Need advice for parents (Long OP, Beware) - BARNEYSTINSON on 4/26/13 at 11:38 am
Obviously there are several completely safe and conservative options out there. Unfortunately they are currently not paying well, and it sounds as if even these options are outside of their risk tolerance level. Assuming that the pension, and oil rights can sustain their lifestyle, I would recomme...
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Outdoor Board
| re: Keeping crawfish overnight - How's this look? - BARNEYSTINSON on 4/19/13 at 7:58 pm
With it being cool outside, you will be fine with that setup. ...
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Money Talk
| re: LA START Savings Plan - BARNEYSTINSON on 4/19/13 at 5:38 pm
Thanks. Are you? Know the answer, but want to double check on how an independent firm should be set up to maximize tax benefits....
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Money Talk
| re: LA START Savings Plan - BARNEYSTINSON on 4/19/13 at 5:23 pm
LA Start is good reasonably priced 529. It is more beneficial to those that have lower incomes or retired grandparents that have low income. If fees are your main concern, it is a viable option.
Hijack-
Broke:
Are you an Independent Advisor or with a Brokerage?
End Hijack...
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Food and Drink Board
| re: restaurant rec for Biloxi, MS (casino area) - BARNEYSTINSON on 4/18/13 at 8:08 am
Mahoneys....
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Money Talk
| re: Questoin About Financial Advisor - Another Question For Nawlens or Anyone on Pg2 - BARNEYSTINSON on 4/17/13 at 10:58 pm
Possibly. You will need to find an advisor that bills for financial planning. He will put together a plan/portfolio, without having the funds. You will just pay him for his services....
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O-T Lounge
| re: New home construction: Windows, your opinion? - BARNEYSTINSON on 3/26/13 at 3:27 pm
Have you looked at LAS. Got ours recently replaced by them. They came out great. ...
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Food and Drink Board
| re: Hummus THUNDERDOME! - BARNEYSTINSON on 3/22/13 at 7:19 pm
I think the whole foods brand red pepper hummus is phenomenal....
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Food and Drink Board
| re: Supper Friday night in New Orleans - BARNEYSTINSON on 3/12/13 at 3:23 pm
Cafe Adelaide...
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Food and Drink Board
| re: Best Donuts you have ever had - BARNEYSTINSON on 3/9/13 at 2:58 pm
Joe's on the west bank has a great donuts....
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Outdoor Board
| re: Venture Photo Contest - BARNEYSTINSON on 3/7/13 at 12:00 pm
I understand. :pimp:...
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Outdoor Board
| re: Venture Photo Contest - BARNEYSTINSON on 3/7/13 at 10:19 am
:cheers:...
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Outdoor Board
| re: Venture Photo Contest - BARNEYSTINSON on 3/7/13 at 9:55 am
No worries. Appreciate the votes. :cheers:...
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Outdoor Board
| Venture Photo Contest - BARNEYSTINSON on 3/7/13 at 9:46 am
Guys and girls, please go to the below link and vote for my buddy's submission to the photo contest for Venture boats. It is the third pic down that says "girls trip". The pic is from a tuna/snapper trip this past summer. Thanks for any support in making it the winner.
http://ventureboatcompa...
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Food and Drink Board
| re: Loser Dinner in NOLA? - BARNEYSTINSON on 3/6/13 at 1:06 pm
Cafe Adelaide....
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Money Talk
| re: Portfolio Asset Allocation - BARNEYSTINSON on 3/2/13 at 9:44 pm
Here is what I am currently using for Growth accounts.
Large Growth 19.0%
Large Value 19.0%
Mid Growth 4.0%
Mid Value 4.0%
Small Growth 4.0%
Small Value 4.0%
REITs: Global/International 3.0%
Large Foreign 9.0%
Emerging Markets 9.0%
Intermediate-/Long-Term Bond 8.0%
High-Yield ...
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O-T Lounge
| re: I am looking for a contractor in NOLA to renovate my bathroom - BARNEYSTINSON on 2/28/13 at 4:28 pm
Paul Sanderon of Sanderson Services did our Isaac damage remodel. Very happy with the results....
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O-T Lounge
| re: Anybody ever successfully pull off the naked man move - BARNEYSTINSON on 2/19/13 at 12:09 pm
Sorry...That was an off night. ...
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More Sports Board
| re: HS Baseball - Mandeville High? - BARNEYSTINSON on 2/18/13 at 1:04 pm
Definitely think their Baseball coaching is a significant upgrade. I think their Freshman and sophomore classes have some talent and could be a team to reckon with if they can buy in to the coaching philosophy....
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More Sports Board
| re: HS Baseball - Mandeville High? - BARNEYSTINSON on 2/18/13 at 10:53 am
Think they are probably a year away. They aren't a young team, but a lot of their talent is young. They may be thin at pitching, but they generally overachieve with the talent they have....
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Movie/TV Board
| re: Greatest Movie Cameos By Actors Playing Themselves - BARNEYSTINSON on 2/12/13 at 9:07 pm
I'll go with NPH....
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