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Registered on:2/1/2005
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re: 401k / HCEs / withdraw contributions scenario - Maderan
If your plan is a Safe Harbor plan (3% non-elective contribution or 4% match) then HCE's won't get refunds. ...
Posted on Money Talk
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re: 401k / HCEs / withdraw contributions scenario - Maderan
Ask HR what the percentage of compensation limit was for HCE's last year for refunds. It will come from the failed testing. It should be close to the same for this year if they haven't made any changes to the plan design and you can use this as a gauge of when to stop contributing. ...
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re: Individual 401(k) for side business - Maderan
How much of the 180,000 are you trying to put in a qualified plan every year?...
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re: Backyard soccer netting ideas - Maderan
We bought a cheap volley ball net and poles and mounted it to the fence. We can put it up and down very easy and gives you a couple of extra feet of blockage. Not perfect as you can still put one over but good enough and cost effective. ...
Posted on Soccer Board
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re: Audiobook recs? - Maderan
Really like the Dresden Files audio books. Great narration. ...
Posted on Movie/TV Board
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re: Let's talk about long term retirement - Maderan
Plan for between a 3-4% distribution rate. Throw out SS from the calc, icing on the cake and cost of living adjustments. Love the dividend strategy for retirees. Buy a portfolio of cos with a long commitment to dividends and a portfolio yield at your distribution target. Then you have essentiall...
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re: Why are 401k platforms so far behind other retirement plans? - Maderan
401(k) accounts are typically different than individual IRA or SEP accounts (unless you have a brokerage window option). There is usually only one trust account for the entire plan including all the investments for all of the participants. Then there is a software system (called a daily valuation...
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re: Stranger Things, Netflix original July 15 - Maderan
Yeah, really liked it. They managed to keep a relative level of tension through out most of the episodes. Very 80's nostalgic and if you grew up then it should be in your sweet spot. Read something where the directors said they were influenced by the Silent Hill video games for the look and obvio...
Posted on Movie/TV Board
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re: Best revenue-producing investment for $750K - Maderan
Build your own revenue stream with dividend stocks if you aren't going to need the initial investment for anything big. Buy companies with a 20+ year track record of raising dividends. You will be getting between a 3-4% yield on initial investment and that should double to a 7-10% yield on initial i...
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re: Crater of Diamonds... Anyone been there?? - Maderan
Hot, miserable, and a waste of time....
Posted on O-T Lounge
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re: Question regarding my IRA investment fees - Maderan
High fees but that isn't always the end of the story. Performance is net of fees so if you have the option of a cheap fund with ok performance or an expensive fund with top tier performance the expensive one could still be the better option. For those less inclined to doing their own research I w...
Posted on Money Talk
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re: The cost of $100 million - Maderan
I have to agree that the MLS is a positive for US soccer but it still is way too limited to have great effect. Our biggest challenge is geography and the infrastructure needed. Both Germany and England are roughly the same size as the state of Louisiana. England has roughly 5300 clubs and 7000 t...
Posted on Soccer Board
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re: 2016: Volvo XC60 vs Acura MDX vs Toyota Highlander - Maderan
2016 Honda Pilot...
Posted on O-T Lounge
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re: $250,000 income qualifies you for subsidized housing - Maderan
Not in NOLA for a family with several kids. In the Burbs maybe....
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re: $250,000 income qualifies you for subsidized housing - Maderan
[quote]This is such shite. I just want to reiterate that[/quote] :lol: I agree, not my actual expenses but it isn't inconceivable either. The car notes are only for prices in the mid 40ks so some of the keep up with the Jones types will be stretched even further. I also don't see any value in pay...
Posted on O-T Lounge
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re: $250,000 income qualifies you for subsidized housing - Maderan
New Orleans. $3,000 for a home payment equates to a $560,000 house with 20% down and a mortgage balance of around $450k plus annual taxes and insurance. If you are looking in a nice area here that is hardly a high price. Top private schools are all 18k+ per kid....
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re: $250,000 income qualifies you for subsidized housing - Maderan
[quote]So lets say you have a real nice house= $2500 a month note Nice cars- $1,000 a month note two little shits private school if needed= $1500 a month cable bill-$200 a month cell phone=$200 a month electricty=$200 a month gas= $250 a month groceries=$500 a month [/quote] Reality is mor...
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re: I made a costly mistake on last year's tax return..... - Maderan
They can be converted right away but...you want to avoid any issues with Step Transaction Doctrine. This Doctrine basically states that if the separate steps of non-deductible IRA contribution and subsequent conversion are done in rapid succession, there is a risk that, if caught, the IRS and Ta...
Posted on Money Talk
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