Jump to content

Kevin Slater

Super Moderators
  • Posts

    5,369
  • Joined

  • Last visited

  • Days Won

    2

Posts posted by Kevin Slater

  1. 27 minutes ago, kevininsa said:

    From a former IRS employee.  The IRS doesn't care what you do as long as you report it. They do not communicate any illegal acts to anyone because they want you to accurately report.  Technically, an assassin could file a Schedule C, say they are an assassin and even deduct their ammo expenses and the IRS wouldn't care.  The tax examiners would even get a laugh out of it.  But if you're concerned, just put down Masseur or Consultant.  

    Although, interestingly, drug dealers are statutorily prohibited from deducting business expenses other than cost of goods sold.

    Kevin Slater

  2. 1 hour ago, Coolwave35 said:

    I honestly have no idea what funds I’m in. 

    I don't love that answer at all. 

    It's not hard to find out, and then to check if the mix is one you're comfortable with.  If you feel that it's underperforming over a 20 year time span I would be curious if you're weighted too heavily in bonds.  (My personal take, as I think you've said you're in your 40s, is any bonds are too many.)  It'd be an easy matter to switch existing monies into more growth oriented funds and/or to redirect future contributions.

    Kevin Slater

  3. On 12/20/2022 at 3:23 PM, Kevin Slater said:

    I'll probably buy $5k in January, another $5k with my tax refund, and then see the rate announcement in late April before deciding whether to buy the third tranche in April or May.

    Kevin Slater

    Just bought that first tranche.

    Kevin Slater

  4. There are a lot of interesting little (and not so little) changes in there.  For example

    • some RMD changes
    • even higher catch-up contributions for ages 60 to 63 (starting in 2025)
    • solo 401s can now be established and funded by employee contributions after the calendar year but before the filing deadline (starting with tax year 2023-- drat!)
    • SEP and SIMPLE IRAs can now be Roth

    Thanks for posting.

    Kevin Slater

  5. 26 minutes ago, Unicorn said:

    Maybe I'm slow, but would someone explain to me regarding the engineer?

    Just that the phishing spam messages always say he's an engineer from Nigeria.  You'd have to ask him.

    Kevin Slater

  6. 5 hours ago, BaronArtz said:

    That is a 20-year track record.  Congratulations!  I would think that it is very rare in this industry.  It looks like the passage of time has had no effect on your revenues.  Or not that I can see,

    Has there been an increase in your hourly fees, say in 2021 and 2022?

    Thanks.  :)

    The rack rate remains constant, but there's noise:

    • rentmen (the dominant site) doesn't allow one to publish rates, so those may be a little loosey goosey.  Never to the downside in my case, but I may sometimes quote a higher number.
    • the business model is increasingly moving away from hourly sessions in any case.

    Kevin Slater

  7. 6 minutes ago, Vegas_nw1982 said:

    "R" was used for Thursdays on class schedules by my university back at the turn of the century.  It is shorter than the "TH" most often used to distinguish Thursday from Tuesday.

    Yeah, I stole the schema after seeing a friend's course schedule from UC Davis.

    Although to really nerd out, it really ought to be H, which is unique only to Thursday, whereas Friday shares the R.

    Kevin Slater

×
×
  • Create New...