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just checked, first invoice was sent on 14th oct and last on 14th dec...after that i am on vacation till end of year..so making 33K in around two months is not bad.

you are right about CFP. But to someone like me who is starting out, some help is better than nothing. He did fill in some gaps in my knowledge but i will be careful. I started working since oct 10 so it's just around 2 months of work as 50% dec is mostly vacation for me as per my company policy...

yeah..I did not like vanguard CS....rep was not confident that account will be opened before EOY and he did not reply my emails. further, I called their toll free number and then they pushed me to another number which then pushed me back to earlier one. Then some negative points on internet...

as per my research online, it seems like vanguard has many limitations like allowing investments only in some of their funds and then $20 per fund charge...so if you have 4-5 funds investments with them, expect to pay $100 or more to them per year. see below from...

see inline pls

well, he said that with 19500 contribution to 401k and 25% contribution of LLC profits to 401K after reducing 19500 and standard deduction, no tax will be due likely but he said he is not CPA. what is wrong here?

okay. I had a conversation with a CFP. I was getting different advices from all over the place including my CPA. My CFP says no taxes will be due this year. He recommended opening solo 401k asap but not with vanguard. So far, CFP did not charge any fees. I will withdraw my app with vanguard. I...

New idea my solo401k can be setup asap. but i have a new idea. All checks for my LLC are still with me as they were net45 which means they aren't deposited in my llc bank account as they just came in. I am asking my cpa if I could deposit them after 1st Jan and then 2020 income of my llc will...

hello friends, As you know, I have started working recently after long illness. I do software consulting and I have my own LLC. My first invoice to client was sent out on 10/14/2020 after I am back to work from illness. Total earning till end of years before tax for llc will be $33,171.94 I...

bad news. My start date at new job is unknown as bank just put a hiring freeze. ;( Expectation is that I will start with them when it lifts but no ETA for it.

Wow..net zero. who was paying your bills?

I like working from home. WFH is my next job. There was a company florida who was interested in me. They were offering much less...like 50k less and that they reasoned lower taxes too.

Thanks ;)

thanks. my question is how will this employer's account dept know what I contributed in last employer? I did not contribute anything though.

will they verify that my $19500 is pending in 401k? if so, how?

problem is I am still recovering from my health condition. Is my disability insurance application valid? they will have some baseline health requirements. When I was not working due to health reasons, I did not claim Short term Disability or LTD though I was eligible. Reason was that I was out...

I rent right now. I have a great month to month deal in a great neighborhood. I am paying 30% lower rent than usual. Got rental using my connection a month agoand owner is very cool guy. probably gave me great deal as place was empty for a while. so best going on from rental point of view.

and yes, I can increase my contributions as my monthly expense is around 2K. btw, will my employer ask why I am putting so much in 401k in such a small duration and can they say no for it?

i think I can do that after 30 days

yeah..I am just trying to hit 19,500 somehow for the whole year. Just before year end, I will send 401k more money just to hit target

got it..but I did not work rest of year..I was sick. so, I can contribute that much i think. Isn't it?

I tried opening account with them and they said they could not verify my identity and asking me to mail full application with proof of identity. Now that could take days!

I am starting a new job very soon after being sick for 8 years and working part-time mostly with low pay and working on recovery. Did not invest in anything for past 8-years except some crypto (4k-5k only) and any investments before that were mostly liquidated while I was recovering. I am...

Max 2k per month as of now

how do you create w-4 so that maximum tax is not withheld? I have created this pdf on IRS site for withholding after using their tool but how to translate it to w-4 to give it to my employer? https://drive.google.com/file/d/1PP7CAYGjBBlng5-SnQDrJZgpVZAJ-_f6/view?usp=sharing