Browsing Category : Finance

Our Huge Tax Bill… Oops


You know what’s fun during tax season?  A call from your accountant. Why is he calling?  Taxes are due in 2 days, he usually just emails that everything is done, and then we e-sign it. Something must be up. So, I pick up the phone, “Hey, what’s going on?” I just wanted to call to discuss your tax situation with…

Simple Start to 401k For Those That Don’t Care


Well, it’s that time again.  I’m finally eligible for the 401k at my new job.  This one isn’t nearly as terrible as the previous one.  This time we have access to the full assortment of Vanguard funds.  Vanguard is also the provider so we are sitting pretty with the ER’s across the board. We don’t get a match, so those…

Leaving Wealthfront Behind


For several years now, we used Wealthfront for our taxable stock accounts.  It is a great service, in fact, I wrote about why I liked it so much a while ago. Well, like everything in life, things change.  And we’ve decided to move all our money away from Wealthfront and into Vanguard to hold our brokerage account. Why did we…

Executing the Elusive Mega Backdoor Roth


Welcome to Part 5 of the FIRE small business series. You can see the Introduction and summary of what we are talking about here.  You should also read the disclaimer: ***Disclaimer *** This is written for educational purposes.  I am writing to explain my understanding of these principles.  Please, do your own research and talk to a licensed professional before…

Setting Up a Big Boy 401k


Welcome to Part 4 of the FIRE small business series. You can see the Introduction and summary of what we are talking about here.  You should also read the disclaimer: ***Disclaimer *** This is written for educational purposes.  I am writing to explain my understanding of these principles.  Please, do your own research and talk to a licensed professional before…

WTH is a Distribution?


Welcome to Part 3 of the FIRE small business series. You can see the Introduction and summary of what we are talking about here.  You should also read the disclaimer: ***Disclaimer *** This is written for educational purposes.  I am writing to explain my understanding of these principles.  Please, do your own research and talk to a licensed professional before…

Small Business Retirement Plans


Welcome to Part 2 of the FIRE small business series. You can see the Introduction and summary of what we are talking about here.  You should also read the disclaimer: ***Disclaimer *** This is written for educational purposes.  I am writing to explain my understanding of these principles.  Please, do your own research and talk to a licensed professional before…

Business Entities and Advantages to Having One


Welcome to Part 1 of the FIRE small business series. You can see the Introduction and summary of what we are talking about here.  You should also read the disclaimer here: ***Disclaimer *** This is written for educational purposes.  I am writing to explain my understanding of these principles.  Please, do your own research and talk to a licensed professional…

Small Businesses on the Path to FI


Since we’ve set up Mrs. Wow’s company, I’ve had several discussions with people about how it was set up and what we did with retirement plans, accounting, expenses and all the rest of it. There’s a lot of literature out there about starting a company.  Like a shit ton. 273MM results!!! And there’s also a whole lot about retirement accounts. …

Spreading The FIRE**


An on-going discussion in this blogging community is how do we go about spreading the word.  I’ve been privy to several discussions about how to breech the subject with people outside of this community.  How do you get them interested and bring up the topic, with out sounding like one of those crazy Southern Preachers? Everyone has tried various ways,…