On Monday, June 4, 2018 at 4:54:55 PM UTC-4, Alan Baker wrote:
On 2018-06-04 1:50 PM, Thomas E. wrote:
On Monday, June 4, 2018 at 12:04:52 PM UTC-4, Alan Baker wrote:
On 2018-06-04 6:37 AM, Thomas E. wrote:
On Tuesday, May 29, 2018 at 3:10:04 PM UTC-4, Alan Baker wrote:
I know that there are people eager for news of my new RF98, so I thought
I'd provide an update.
Yesterday, in return for offering road racing instruction to novice >>>> trackday participants, I ran my Van Diemen RF98 Honda during the lunch
break at Mission Raceway Park. I thought it would be better to discover
any issues with the car three and a half weeks before the next race, >>>> rather than discover them during the practice session Saturday morning
with the need to have them resolved before qualifying just 115 minutes
later.
So after going through the car's systems, fixing a few minor issues >>>> (such as a little extra slop in the gear linkage cured by adding more >>>> appropriate, shanked bolts and proper saddle washers), completely >>>> replacing the brake and clutch fluid, flushing and replacing the
coolant, we packed up the car for an initial shakedown run.
With only 20 minutes running time, this wasn't a session for trying >>>> changes to the car; just a chance to find any problems with time to >>>> resolve them before the first race.
Only... ...there weren't any problems! The car was exactly as
advertised. OK... ...there was a tiny amount lateral instability at top
speed which is probably just a fresh alignment away from correction, and
the shop which installed the new engine before the car was sold to me >>>> definitely put in too heavy a weight engine oil, but we took care of >>>> that before we'd even finished unpacking the trailer back at the garage.
Oh! There was one Dzus fastener that had been replaced with one that >>>> wasn't the proper length, so we had to temporarily tape that panel into
place.
However, I would run the car without hesitation as it sits in the garage
right now. I have good information from an experience prep shop for >>>> starting settings for spring rates, anti-roll bars, ride heights, camber
and caster, and the car will be taken to a specialty shop to get its >>>> first alignment; mostly because I need to fabricate a few things before
I can do an alignment myself (new brackets for the alignment bars, most
of all).
And... ...it feels fast.
One area where the Honda-engined cars differ from the Kents is that the
Honda has a rev limiter which cuts in at 6750 rpm whereas most Kents are
run without a rev limiter. So when selecting a top gear, Honda cars must
choose a ratio which will keep the car below the rev limiter in every >>>> conceivable situation, while the Kent-engined FFs can choose a slightly
shorter ratio, knowing that if they do happen to get a good "tow" down
the longest straight, they can allow the engine to rev past the optimum
for short lengths of time. This is one of the reasons that Kents have a
small advantage at tracks with long straights (along with slightly >>>> greater top-end power).
But even having to choose that slightly taller gear, and even before >>>> trying to put together a full-on lap, I was seeing speeds very near the
rev limit before braking for turn one.
If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)
"If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)"
Already making excuses for no-shows!!!!!
No, Liarboy.
I've got an opportunity for a six month contract overseas. If it comes >> through, I'm taking it.
Chicken-shit Baker is afraid to run the new toy! He will probably find a way to break even a Honda engine!
You simpleton, what do you think the video was?
And miss the whole season. How utterly convenient.
Just in case Tommy wants to deny that he made this claim... /sVery inconvenient in point of fact—not only would it mean missing the racing season, but at least half of my hockey season, and Christmas with my family in all likelihood, but also very lucrative. About $1,000USD a day, 6 days a week for about 6 months.
Do the math. That will pay for a lot of future racing.
:-D$156,000 is bit less than I made all last year, and a pretty darn good 6 months for a college drop-out.
I just signed a contract for project that could pay about $2,000 a day + expenses for
at least the next 6 months, and I can do it from here. At 5 days a week you do the math.
Then add in my $145k pension and investment base income.
2018 taxes could be pretty awful for both of us. :)
On Tuesday, June 5, 2018 at 4:46:21 PM UTC-4, Thomas E. wrote:
On Monday, June 4, 2018 at 4:54:55 PM UTC-4, Alan Baker wrote:
On 2018-06-04 1:50 PM, Thomas E. wrote:
On Monday, June 4, 2018 at 12:04:52 PM UTC-4, Alan Baker wrote:
On 2018-06-04 6:37 AM, Thomas E. wrote:
On Tuesday, May 29, 2018 at 3:10:04 PM UTC-4, Alan Baker wrote:
I know that there are people eager for news of my new RF98, so I thought
I'd provide an update.
Yesterday, in return for offering road racing instruction to novice >>>> trackday participants, I ran my Van Diemen RF98 Honda during the lunch
break at Mission Raceway Park. I thought it would be better to discover
any issues with the car three and a half weeks before the next race,
rather than discover them during the practice session Saturday morning
with the need to have them resolved before qualifying just 115 minutes
later.
So after going through the car's systems, fixing a few minor issues >>>> (such as a little extra slop in the gear linkage cured by adding more
appropriate, shanked bolts and proper saddle washers), completely >>>> replacing the brake and clutch fluid, flushing and replacing the >>>> coolant, we packed up the car for an initial shakedown run.
With only 20 minutes running time, this wasn't a session for trying >>>> changes to the car; just a chance to find any problems with time to >>>> resolve them before the first race.
Only... ...there weren't any problems! The car was exactly as
advertised. OK... ...there was a tiny amount lateral instability at top
speed which is probably just a fresh alignment away from correction, and
the shop which installed the new engine before the car was sold to me
definitely put in too heavy a weight engine oil, but we took care of
that before we'd even finished unpacking the trailer back at the garage.
Oh! There was one Dzus fastener that had been replaced with one that
wasn't the proper length, so we had to temporarily tape that panel into
place.
However, I would run the car without hesitation as it sits in the garage
right now. I have good information from an experience prep shop for >>>> starting settings for spring rates, anti-roll bars, ride heights, camber
and caster, and the car will be taken to a specialty shop to get its
first alignment; mostly because I need to fabricate a few things before
I can do an alignment myself (new brackets for the alignment bars, most
of all).
And... ...it feels fast.
One area where the Honda-engined cars differ from the Kents is that the
Honda has a rev limiter which cuts in at 6750 rpm whereas most Kents are
run without a rev limiter. So when selecting a top gear, Honda cars must
choose a ratio which will keep the car below the rev limiter in every
conceivable situation, while the Kent-engined FFs can choose a slightly
shorter ratio, knowing that if they do happen to get a good "tow" down
the longest straight, they can allow the engine to rev past the optimum
for short lengths of time. This is one of the reasons that Kents have a
small advantage at tracks with long straights (along with slightly >>>> greater top-end power).
But even having to choose that slightly taller gear, and even before
trying to put together a full-on lap, I was seeing speeds very near the
rev limit before braking for turn one.
If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)
"If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)"
Already making excuses for no-shows!!!!!
No, Liarboy.
I've got an opportunity for a six month contract overseas. If it comes
through, I'm taking it.
Chicken-shit Baker is afraid to run the new toy! He will probably find a way to break even a Honda engine!
You simpleton, what do you think the video was?
And miss the whole season. How utterly convenient.
Actually, we don't know if Alan's project came through. Mine did, but it fizzled because the multiple clients could not agree on an approach. Income was on that one was nominal. I did land a different project though. It did not kick off until late 2019 and ran over into 2020. Total billings were over $100k. It was my last major project.Very inconvenient in point of fact—not only would it mean missing the racing season, but at least half of my hockey season, and Christmas with my family in all likelihood, but also very lucrative. About $1,000USD a day, 6 days a week for about 6 months.
Do the math. That will pay for a lot of future racing.
:-D$156,000 is bit less than I made all last year, and a pretty darn good 6 months for a college drop-out.
I just signed a contract for project that could pay about $2,000 a day + expenses for
at least the next 6 months, and I can do it from here. At 5 days a week you do the math.
Then add in my $145k pension and investment base income.
2018 taxes could be pretty awful for both of us. :)Just in case Tommy wants to deny that he made this claim... /s
-hh
On Thursday, February 8, 2024 at 6:30:16 PM UTC-5, -hh wrote:
On Tuesday, June 5, 2018 at 4:46:21 PM UTC-4, Thomas E. wrote:
On Monday, June 4, 2018 at 4:54:55 PM UTC-4, Alan Baker wrote:Just in case Tommy wants to deny that he made this claim... /s
On 2018-06-04 1:50 PM, Thomas E. wrote:$156,000 is bit less than I made all last year, and a pretty darn
On Monday, June 4, 2018 at 12:04:52 PM UTC-4, Alan Baker
wrote:
On 2018-06-04 6:37 AM, Thomas E. wrote:
On Tuesday, May 29, 2018 at 3:10:04 PM UTC-4, Alan Baker
wrote:
I know that there are people eager for news of my new
RF98, so I thought I'd provide an update.
Yesterday, in return for offering road racing
instruction to novice trackday participants, I ran my
Van Diemen RF98 Honda during the lunch break at Mission
Raceway Park. I thought it would be better to discover
any issues with the car three and a half weeks before
the next race, rather than discover them during the
practice session Saturday morning with the need to have
them resolved before qualifying just 115 minutes
later.
So after going through the car's systems, fixing a few
minor issues (such as a little extra slop in the gear
linkage cured by adding more appropriate, shanked bolts
and proper saddle washers), completely replacing the
brake and clutch fluid, flushing and replacing the
coolant, we packed up the car for an initial shakedown
run.
With only 20 minutes running time, this wasn't a
session for trying changes to the car; just a chance to
find any problems with time to resolve them before the
first race.
Only... ...there weren't any problems! The car was
exactly as advertised. OK... ...there was a tiny amount
lateral instability at top speed which is probably just
a fresh alignment away from correction, and the shop
which installed the new engine before the car was sold
to me definitely put in too heavy a weight engine oil,
but we took care of that before we'd even finished
unpacking the trailer back at the garage.
Oh! There was one Dzus fastener that had been replaced
with one that wasn't the proper length, so we had to
temporarily tape that panel into place.
However, I would run the car without hesitation as it
sits in the garage right now. I have good information
from an experience prep shop for starting settings for
spring rates, anti-roll bars, ride heights, camber and
caster, and the car will be taken to a specialty shop
to get its first alignment; mostly because I need to
fabricate a few things before I can do an alignment
myself (new brackets for the alignment bars, most of
all).
And... ...it feels fast.
One area where the Honda-engined cars differ from the
Kents is that the Honda has a rev limiter which cuts in
at 6750 rpm whereas most Kents are run without a rev
limiter. So when selecting a top gear, Honda cars must
choose a ratio which will keep the car below the rev
limiter in every conceivable situation, while the
Kent-engined FFs can choose a slightly shorter ratio,
knowing that if they do happen to get a good "tow"
down the longest straight, they can allow the engine to
rev past the optimum for short lengths of time. This is
one of the reasons that Kents have a small advantage at
tracks with long straights (along with slightly greater
top-end power).
But even having to choose that slightly taller gear,
and even before trying to put together a full-on lap, I
was seeing speeds very near the rev limit before
braking for turn one.
If I'm in town to enjoy it, I think the rest of the
racing season could be a lot of fun!
:-)
"If I'm in town to enjoy it, I think the rest of the
racing season could be a lot of fun!
:-)"
Already making excuses for no-shows!!!!!
No, Liarboy.
I've got an opportunity for a six month contract overseas.
If it comes through, I'm taking it.
Chicken-shit Baker is afraid to run the new toy! He will
probably find a way to break even a Honda engine!
You simpleton, what do you think the video was?
And miss the whole season. How utterly convenient.
Very inconvenient in point of fact—not only would it mean
missing the racing season, but at least half of my hockey
season, and Christmas with my family in all likelihood, but
also very lucrative. About $1,000USD a day, 6 days a week for
about 6 months.
Do the math. That will pay for a lot of future racing.
:-D
good 6 months for a college drop-out.
I just signed a contract for project that could pay about $2,000
a day + expenses for at least the next 6 months, and I can do it
from here. At 5 days a week you do the math. Then add in my $145k
pension and investment base income.
2018 taxes could be pretty awful for both of us. :)
-hh
Actually, we don't know if Alan's project came through. Mine did, but
it fizzled because the multiple clients could not agree on an
approach. Income was on that one was nominal. I did land a different
project though. It did not kick off until late 2019 and ran over into
2020. Total billings were over $100k. It was my last major project.
On Thursday, February 8, 2024 at 6:30:16 PM UTC-5, -hh wrote:
On Tuesday, June 5, 2018 at 4:46:21 PM UTC-4, Thomas E. wrote:
On Monday, June 4, 2018 at 4:54:55 PM UTC-4, Alan Baker wrote:
On 2018-06-04 1:50 PM, Thomas E. wrote:
On Monday, June 4, 2018 at 12:04:52 PM UTC-4, Alan Baker wrote:
On 2018-06-04 6:37 AM, Thomas E. wrote:
On Tuesday, May 29, 2018 at 3:10:04 PM UTC-4, Alan Baker wrote: >>>> I know that there are people eager for news of my new RF98, so I thought
I'd provide an update.
Yesterday, in return for offering road racing instruction to novice
trackday participants, I ran my Van Diemen RF98 Honda during the lunch
break at Mission Raceway Park. I thought it would be better to discover
any issues with the car three and a half weeks before the next race,
rather than discover them during the practice session Saturday morning
with the need to have them resolved before qualifying just 115 minutes
later.
So after going through the car's systems, fixing a few minor issues
(such as a little extra slop in the gear linkage cured by adding more
appropriate, shanked bolts and proper saddle washers), completely >>>> replacing the brake and clutch fluid, flushing and replacing the >>>> coolant, we packed up the car for an initial shakedown run.
With only 20 minutes running time, this wasn't a session for trying
changes to the car; just a chance to find any problems with time to
resolve them before the first race.
Only... ...there weren't any problems! The car was exactly as >>>> advertised. OK... ...there was a tiny amount lateral instability at top
speed which is probably just a fresh alignment away from correction, and
the shop which installed the new engine before the car was sold to me
definitely put in too heavy a weight engine oil, but we took care of
that before we'd even finished unpacking the trailer back at the garage.
Oh! There was one Dzus fastener that had been replaced with one that
wasn't the proper length, so we had to temporarily tape that panel into
place.
However, I would run the car without hesitation as it sits in the garage
right now. I have good information from an experience prep shop for
starting settings for spring rates, anti-roll bars, ride heights, camber
and caster, and the car will be taken to a specialty shop to get its
first alignment; mostly because I need to fabricate a few things before
I can do an alignment myself (new brackets for the alignment bars, most
of all).
And... ...it feels fast.
One area where the Honda-engined cars differ from the Kents is that the
Honda has a rev limiter which cuts in at 6750 rpm whereas most Kents are
run without a rev limiter. So when selecting a top gear, Honda cars must
choose a ratio which will keep the car below the rev limiter in every
conceivable situation, while the Kent-engined FFs can choose a slightly
shorter ratio, knowing that if they do happen to get a good "tow" down
the longest straight, they can allow the engine to rev past the optimum
for short lengths of time. This is one of the reasons that Kents have a
small advantage at tracks with long straights (along with slightly
greater top-end power).
But even having to choose that slightly taller gear, and even before
trying to put together a full-on lap, I was seeing speeds very near the
rev limit before braking for turn one.
If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)
"If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)"
Already making excuses for no-shows!!!!!
No, Liarboy.
I've got an opportunity for a six month contract overseas. If it comes
through, I'm taking it.
Chicken-shit Baker is afraid to run the new toy! He will probably find a way to break even a Honda engine!
You simpleton, what do you think the video was?
And miss the whole season. How utterly convenient.
Not the point. The point was that here in 2018, you claimed “my $145K pensionVery inconvenient in point of fact—not only would it mean missing the
racing season, but at least half of my hockey season, and Christmas with
my family in all likelihood, but also very lucrative. About $1,000USD a
day, 6 days a week for about 6 months.
Do the math. That will pay for a lot of future racing.
:-D$156,000 is bit less than I made all last year, and a pretty darn good 6 months for a college drop-out.
I just signed a contract for project that could pay about $2,000 a day + expenses for
at least the next 6 months, and I can do it from here. At 5 days a week you do the math.
Then add in my $145k pension and investment base income.
2018 taxes could be pretty awful for both of us. :)
Just in case Tommy wants to deny that he made this claim... /s
-hh
Actually, we don't know if Alan's project came through. Mine did, but it fizzled because
the multiple clients could not agree on an approach. Income was on that one was nominal.
I did land a different project though. It did not kick off until late 2019 andWhich was much lower in total vs its prior potential, plus “billings” is a gross, not net,
ran over into 2020. Total billings were over $100k. It was my last major project.
On Thursday, February 8, 2024 at 9:06:43 PM UTC-5, Thomas E. wrote:
On Thursday, February 8, 2024 at 6:30:16 PM UTC-5, -hh wrote:
On Tuesday, June 5, 2018 at 4:46:21 PM UTC-4, Thomas E. wrote:
On Monday, June 4, 2018 at 4:54:55 PM UTC-4, Alan Baker wrote:
On 2018-06-04 1:50 PM, Thomas E. wrote:
On Monday, June 4, 2018 at 12:04:52 PM UTC-4, Alan Baker wrote:
On 2018-06-04 6:37 AM, Thomas E. wrote:
On Tuesday, May 29, 2018 at 3:10:04 PM UTC-4, Alan Baker wrote: >>>> I know that there are people eager for news of my new RF98, so I thought
I'd provide an update.
Yesterday, in return for offering road racing instruction to novice
trackday participants, I ran my Van Diemen RF98 Honda during the lunch
break at Mission Raceway Park. I thought it would be better to discover
any issues with the car three and a half weeks before the next race,
rather than discover them during the practice session Saturday morning
with the need to have them resolved before qualifying just 115 minutes
later.
So after going through the car's systems, fixing a few minor issues
(such as a little extra slop in the gear linkage cured by adding more
appropriate, shanked bolts and proper saddle washers), completely
replacing the brake and clutch fluid, flushing and replacing the
coolant, we packed up the car for an initial shakedown run. >>>>
With only 20 minutes running time, this wasn't a session for trying
changes to the car; just a chance to find any problems with time to
resolve them before the first race.
Only... ...there weren't any problems! The car was exactly as >>>> advertised. OK... ...there was a tiny amount lateral instability at top
speed which is probably just a fresh alignment away from correction, and
the shop which installed the new engine before the car was sold to me
definitely put in too heavy a weight engine oil, but we took care of
that before we'd even finished unpacking the trailer back at the garage.
Oh! There was one Dzus fastener that had been replaced with one that
wasn't the proper length, so we had to temporarily tape that panel into
place.
However, I would run the car without hesitation as it sits in the garage
right now. I have good information from an experience prep shop for
starting settings for spring rates, anti-roll bars, ride heights, camber
and caster, and the car will be taken to a specialty shop to get its
first alignment; mostly because I need to fabricate a few things before
I can do an alignment myself (new brackets for the alignment bars, most
of all).
And... ...it feels fast.
One area where the Honda-engined cars differ from the Kents is that the
Honda has a rev limiter which cuts in at 6750 rpm whereas most Kents are
run without a rev limiter. So when selecting a top gear, Honda cars must
choose a ratio which will keep the car below the rev limiter in every
conceivable situation, while the Kent-engined FFs can choose a slightly
shorter ratio, knowing that if they do happen to get a good "tow" down
the longest straight, they can allow the engine to rev past the optimum
for short lengths of time. This is one of the reasons that Kents have a
small advantage at tracks with long straights (along with slightly
greater top-end power).
But even having to choose that slightly taller gear, and even before
trying to put together a full-on lap, I was seeing speeds very near the
rev limit before braking for turn one.
If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)
"If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)"
Already making excuses for no-shows!!!!!
No, Liarboy.
I've got an opportunity for a six month contract overseas. If it comes
through, I'm taking it.
Chicken-shit Baker is afraid to run the new toy! He will probably find a way to break even a Honda engine!
You simpleton, what do you think the video was?
And miss the whole season. How utterly convenient.
OH MY GOD! Ask questions before you make assumptions. I retired in 2003, remember? Even before retirement the options expired 10 years after issue. It was 5 years to expiration from the day I retired. So in 2018 those options had been gone for 10 years. Those expiration periods are somewhat standard. Have you ever received an employer stock option? Do you even know how they work?Very inconvenient in point of fact—not only would it mean missing the
racing season, but at least half of my hockey season, and Christmas with
my family in all likelihood, but also very lucrative. About $1,000USD a
day, 6 days a week for about 6 months.
Do the math. That will pay for a lot of future racing.
:-D$156,000 is bit less than I made all last year, and a pretty darn good 6 months for a college drop-out.
I just signed a contract for project that could pay about $2,000 a day + expenses for
at least the next 6 months, and I can do it from here. At 5 days a week you do the math.
Then add in my $145k pension and investment base income.
2018 taxes could be pretty awful for both of us. :)
Just in case Tommy wants to deny that he made this claim... /s
-hh
Actually, we don't know if Alan's project came through. Mine did, but it fizzled becauseNot the point. The point was that here in 2018, you claimed “my $145K pension
the multiple clients could not agree on an approach. Income was on that one was nominal.
and investment base income.”, yet in 2024, you claimed that your pension, plus your
wife’s pension, and both of your SS checks combined now sum to only $100K.
As ed pointed out to you, WTF?
The slight of hand appears to have been the just-ambiguous-enough phrasing which
implied a pension of $145K, plus an unspecified additional amount of investment
income, instead of the reading of it as a pension & investments income(s) which
taken together sum to $145K.
Given your propensities, the latter is more likely. Particularly as 2018 would have
around the onset of RMDs of former employer 401k. Plus the phrasing allows for
counting of discretionary (& greater-than-RMD) transactions, and of “one-shots”,
such as the exercising of an old/expiring stock options, Roth conversions, etc.
I did land a different project though. It did not kick off until late 2019 andWhich was much lower in total vs its prior potential, plus “billings” is a gross, not net,
ran over into 2020. Total billings were over $100k. It was my last major project.
so it is not actual real, take-home income like the other numbers. Deduct off a few
business trips, add overhead, and the balance left remaining for real net income is …?
/s
-hh
On Friday, February 9, 2024 at 2:49:34 AM UTC-5, -hh wrote:
On Thursday, February 8, 2024 at 9:06:43 PM UTC-5, Thomas E. wrote:
On Thursday, February 8, 2024 at 6:30:16 PM UTC-5, -hh wrote:
On Tuesday, June 5, 2018 at 4:46:21 PM UTC-4, Thomas E. wrote:
On Monday, June 4, 2018 at 4:54:55 PM UTC-4, Alan Baker wrote:
On 2018-06-04 1:50 PM, Thomas E. wrote:
On Monday, June 4, 2018 at 12:04:52 PM UTC-4, Alan Baker wrote:
On 2018-06-04 6:37 AM, Thomas E. wrote:
On Tuesday, May 29, 2018 at 3:10:04 PM UTC-4, Alan Baker wrote:
I know that there are people eager for news of my new RF98, so I thought
I'd provide an update.
Yesterday, in return for offering road racing instruction to novice
trackday participants, I ran my Van Diemen RF98 Honda during the lunch
break at Mission Raceway Park. I thought it would be better to discover
any issues with the car three and a half weeks before the next race,
rather than discover them during the practice session Saturday morning
with the need to have them resolved before qualifying just 115 minutes
later.
So after going through the car's systems, fixing a few minor issues
(such as a little extra slop in the gear linkage cured by adding more
appropriate, shanked bolts and proper saddle washers), completely
replacing the brake and clutch fluid, flushing and replacing the
coolant, we packed up the car for an initial shakedown run. >>>>
With only 20 minutes running time, this wasn't a session for trying
changes to the car; just a chance to find any problems with time to
resolve them before the first race.
Only... ...there weren't any problems! The car was exactly as >>>> advertised. OK... ...there was a tiny amount lateral instability at top
speed which is probably just a fresh alignment away from correction, and
the shop which installed the new engine before the car was sold to me
definitely put in too heavy a weight engine oil, but we took care of
that before we'd even finished unpacking the trailer back at the garage.
Oh! There was one Dzus fastener that had been replaced with one that
wasn't the proper length, so we had to temporarily tape that panel into
place.
However, I would run the car without hesitation as it sits in the garage
right now. I have good information from an experience prep shop for
starting settings for spring rates, anti-roll bars, ride heights, camber
and caster, and the car will be taken to a specialty shop to get its
first alignment; mostly because I need to fabricate a few things before
I can do an alignment myself (new brackets for the alignment bars, most
of all).
And... ...it feels fast.
One area where the Honda-engined cars differ from the Kents is that the
Honda has a rev limiter which cuts in at 6750 rpm whereas most Kents are
run without a rev limiter. So when selecting a top gear, Honda cars must
choose a ratio which will keep the car below the rev limiter in every
conceivable situation, while the Kent-engined FFs can choose a slightly
shorter ratio, knowing that if they do happen to get a good "tow" down
the longest straight, they can allow the engine to rev past the optimum
for short lengths of time. This is one of the reasons that Kents have a
small advantage at tracks with long straights (along with slightly
greater top-end power).
But even having to choose that slightly taller gear, and even before
trying to put together a full-on lap, I was seeing speeds very near the
rev limit before braking for turn one.
If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)
"If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)"
Already making excuses for no-shows!!!!!
No, Liarboy.
I've got an opportunity for a six month contract overseas. If it comes
through, I'm taking it.
Chicken-shit Baker is afraid to run the new toy! He will probably find a way to break even a Honda engine!
You simpleton, what do you think the video was?
And miss the whole season. How utterly convenient.
Very inconvenient in point of fact—not only would it mean missing the
racing season, but at least half of my hockey season, and Christmas with
my family in all likelihood, but also very lucrative. About $1,000USD a
day, 6 days a week for about 6 months.
Do the math. That will pay for a lot of future racing.
:-D$156,000 is bit less than I made all last year, and a pretty darn good 6 months for a college drop-out.
I just signed a contract for project that could pay about $2,000 a day + expenses for
at least the next 6 months, and I can do it from here. At 5 days a week you do the math.
Then add in my $145k pension and investment base income.
2018 taxes could be pretty awful for both of us. :)
Just in case Tommy wants to deny that he made this claim... /s
-hh
Actually, we don't know if Alan's project came through. Mine did, but it fizzled because
the multiple clients could not agree on an approach. Income was on that one was nominal.
Not the point. The point was that here in 2018, you claimed “my $145K pension
and investment base income.”, yet in 2024, you claimed that your pension, plus your
wife’s pension, and both of your SS checks combined now sum to only $100K.
As ed pointed out to you, WTF?
The slight of hand appears to have been the just-ambiguous-enough phrasing which
implied a pension of $145K, plus an unspecified additional amount of investment
income, instead of the reading of it as a pension & investments income(s) which
taken together sum to $145K.
Given your propensities, the latter is more likely. Particularly as 2018 would have
around the onset of RMDs of former employer 401k. Plus the phrasing allows for
counting of discretionary (& greater-than-RMD) transactions, and of “one-shots”,
such as the exercising of an old/expiring stock options, Roth conversions, etc.
I did land a different project though. It did not kick off until late 2019 and
ran over into 2020. Total billings were over $100k. It was my last major project.
Which was much lower in total vs its prior potential, plus “billings” is a gross, not net,
so it is not actual real, take-home income like the other numbers. Deduct off a few
business trips, add overhead, and the balance left remaining for real net income is …?
/s
OH MY GOD! Ask questions before you make assumptions. I retired in 2003, remember?No, you lost your job in 2003, and the severance package was $240K in cash (2 years
Even before retirement the options expired 10 years after issue. It was 5 years toYes, we've had such options ... and have sold very little of them, so they're currently
expiration from the day I retired. So in 2018 those options had been gone for 10 years.
Those expiration periods are somewhat standard. Have you ever received an employer
stock option? Do you even know how they work?
The RMD income started in 2016 (1946+70). That's the 2018 difference. You canHaving a 401k is a retirement benefit, as it is tax-advantaged, but I'd never refer to
call it a 401k pension or investment income. I think of it both ways.
That last project involved no travel or overhead, it was 100% billable hours.Both of which you do have, which means you could have dumped into your 401k rather than to take it now as taxable income.
The number is IRS-basis net income that does include some expenses that
are not deductible unless you have a home office and have a positive gross margin.
Yes, the project that fell through could have been worth at least twice that.Same as your rampant speculation attempts on Alan's income.
The operative word was "could". We will never know, will we?
Actually, we don't know if Alan's project came through. Mine did, but it fizzled becauseNot the point. The point was that here in 2018, you claimed “my $145K pension
the multiple clients could not agree on an approach. Income was on that one was nominal.
and investment base income.”, yet in 2024, you claimed that your pension, plus your
wife’s pension, and both of your SS checks combined now sum to only $100K. >>
As ed pointed out to you, WTF?
The slight of hand appears to have been the just-ambiguous-enough phrasing which
implied a pension of $145K, plus an unspecified additional amount of investment
income, instead of the reading of it as a pension & investments income(s) which
taken together sum to $145K.
Given your propensities, the latter is more likely. Particularly as 2018 would have
around the onset of RMDs of former employer 401k. Plus the phrasing allows for
counting of discretionary (& greater-than-RMD) transactions, and of “one-shots”,
such as the exercising of an old/expiring stock options, Roth conversions, etc.
I did land a different project though. It did not kick off until late 2019 andWhich was much lower in total vs its prior potential, plus “billings” is a gross, not net,
ran over into 2020. Total billings were over $100k. It was my last major project.
so it is not actual real, take-home income like the other numbers. Deduct off a few
business trips, add overhead, and the balance left remaining for real net income is …?
/s
-hh
OH MY GOD! Ask questions before you make assumptions.
On Monday, February 12, 2024 at 11:32:52 AM UTC-5, Thomas E. wrote:
On Friday, February 9, 2024 at 2:49:34 AM UTC-5, -hh wrote:
On Thursday, February 8, 2024 at 9:06:43 PM UTC-5, Thomas E. wrote:
On Thursday, February 8, 2024 at 6:30:16 PM UTC-5, -hh wrote:
On Tuesday, June 5, 2018 at 4:46:21 PM UTC-4, Thomas E. wrote:
On Monday, June 4, 2018 at 4:54:55 PM UTC-4, Alan Baker wrote:
On 2018-06-04 1:50 PM, Thomas E. wrote:
On Monday, June 4, 2018 at 12:04:52 PM UTC-4, Alan Baker wrote:
On 2018-06-04 6:37 AM, Thomas E. wrote:
On Tuesday, May 29, 2018 at 3:10:04 PM UTC-4, Alan Baker wrote:
I know that there are people eager for news of my new RF98, so I thought
I'd provide an update.
Yesterday, in return for offering road racing instruction to novice
trackday participants, I ran my Van Diemen RF98 Honda during the lunch
break at Mission Raceway Park. I thought it would be better to discover
any issues with the car three and a half weeks before the next race,
rather than discover them during the practice session Saturday morning
with the need to have them resolved before qualifying just 115 minutes
later.
So after going through the car's systems, fixing a few minor issues
(such as a little extra slop in the gear linkage cured by adding more
appropriate, shanked bolts and proper saddle washers), completely
replacing the brake and clutch fluid, flushing and replacing the
coolant, we packed up the car for an initial shakedown run. >>>>
With only 20 minutes running time, this wasn't a session for trying
changes to the car; just a chance to find any problems with time to
resolve them before the first race.
Only... ...there weren't any problems! The car was exactly as
advertised. OK... ...there was a tiny amount lateral instability at top
speed which is probably just a fresh alignment away from correction, and
the shop which installed the new engine before the car was sold to me
definitely put in too heavy a weight engine oil, but we took care of
that before we'd even finished unpacking the trailer back at the garage.
Oh! There was one Dzus fastener that had been replaced with one that
wasn't the proper length, so we had to temporarily tape that panel into
place.
However, I would run the car without hesitation as it sits in the garage
right now. I have good information from an experience prep shop for
starting settings for spring rates, anti-roll bars, ride heights, camber
and caster, and the car will be taken to a specialty shop to get its
first alignment; mostly because I need to fabricate a few things before
I can do an alignment myself (new brackets for the alignment bars, most
of all).
And... ...it feels fast.
One area where the Honda-engined cars differ from the Kents is that the
Honda has a rev limiter which cuts in at 6750 rpm whereas most Kents are
run without a rev limiter. So when selecting a top gear, Honda cars must
choose a ratio which will keep the car below the rev limiter in every
conceivable situation, while the Kent-engined FFs can choose a slightly
shorter ratio, knowing that if they do happen to get a good "tow" down
the longest straight, they can allow the engine to rev past the optimum
for short lengths of time. This is one of the reasons that Kents have a
small advantage at tracks with long straights (along with slightly
greater top-end power).
But even having to choose that slightly taller gear, and even before
trying to put together a full-on lap, I was seeing speeds very near the
rev limit before braking for turn one.
If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)
"If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)"
Already making excuses for no-shows!!!!!
No, Liarboy.
I've got an opportunity for a six month contract overseas. If it comes
through, I'm taking it.
Chicken-shit Baker is afraid to run the new toy! He will probably find a way to break even a Honda engine!
You simpleton, what do you think the video was?
And miss the whole season. How utterly convenient.
Very inconvenient in point of fact—not only would it mean missing the
racing season, but at least half of my hockey season, and Christmas with
my family in all likelihood, but also very lucrative. About $1,000USD a
day, 6 days a week for about 6 months.
Do the math. That will pay for a lot of future racing.
:-D$156,000 is bit less than I made all last year, and a pretty darn good 6 months for a college drop-out.
I just signed a contract for project that could pay about $2,000 a day + expenses for
at least the next 6 months, and I can do it from here. At 5 days a week you do the math.
Then add in my $145k pension and investment base income.
2018 taxes could be pretty awful for both of us. :)
Just in case Tommy wants to deny that he made this claim... /s
-hh
Actually, we don't know if Alan's project came through. Mine did, but it fizzled because
the multiple clients could not agree on an approach. Income was on that one was nominal.
Not the point. The point was that here in 2018, you claimed “my $145K pension
and investment base income.”, yet in 2024, you claimed that your pension, plus your
wife’s pension, and both of your SS checks combined now sum to only $100K.
As ed pointed out to you, WTF?
The slight of hand appears to have been the just-ambiguous-enough phrasing which
implied a pension of $145K, plus an unspecified additional amount of investment
income, instead of the reading of it as a pension & investments income(s) which
taken together sum to $145K.
Given your propensities, the latter is more likely. Particularly as 2018 would have
around the onset of RMDs of former employer 401k. Plus the phrasing allows for
counting of discretionary (& greater-than-RMD) transactions, and of “one-shots”,
such as the exercising of an old/expiring stock options, Roth conversions, etc.
I did land a different project though. It did not kick off until late 2019 and
ran over into 2020. Total billings were over $100k. It was my last major project.
Which was much lower in total vs its prior potential, plus “billings” is a gross, not net,
so it is not actual real, take-home income like the other numbers. Deduct off a few
business trips, add overhead, and the balance left remaining for real net income is …?
/s
Actually, I have hard evidence from 2018 forward in my possession that all is not well with Alan's finances. I promised Alan I would never show that to anyone, including you. It was obtained from a public-facing site that recently invoked a secure access protocol. This is an item that should be a high priority on the list of financial obligations. Alan knows exactly what I'm talking about here.OH MY GOD! Ask questions before you make assumptions. I retired in 2003, remember?No, you lost your job in 2003, and the severance package was $240K in cash (2 years
of salary), plus a pension...which we've since learned was perhaps just $45K.
Even before retirement the options expired 10 years after issue. It was 5 years toYes, we've had such options ... and have sold very little of them, so they're currently
expiration from the day I retired. So in 2018 those options had been gone for 10 years.
Those expiration periods are somewhat standard. Have you ever received an employer
stock option? Do you even know how they work?
spinning off around $1K/mo in dividends.
In any event, Stock Options was merely one of several ways that an annual income
can have a transient bump up, so the lack of any remaining options on your part
doesn't make it impossible for you to have income from the others...which you then
admit to after your whining:
The RMD income started in 2016 (1946+70). That's the 2018 difference. You canHaving a 401k is a retirement benefit, as it is tax-advantaged, but I'd never refer to
call it a 401k pension or investment income. I think of it both ways.
it as a 'pension' regardless of additional modifiers because its a present value cash
balance and structurally not an annuity, nor anything close to one.
That last project involved no travel or overhead, it was 100% billable hours.Both of which you do have, which means you could have dumped into your 401k rather than to take it now as taxable income.
The number is IRS-basis net income that does include some expenses that are not deductible unless you have a home office and have a positive gross margin.
Yes, the project that fell through could have been worth at least twice that.Same as your rampant speculation attempts on Alan's income.
The operative word was "could". We will never know, will we?
-hh
On Monday, February 12, 2024 at 11:32:52 AM UTC-5, Thomas E. wrote:
On Friday, February 9, 2024 at 2:49:34 AM UTC-5, -hh wrote:
On Thursday, February 8, 2024 at 9:06:43 PM UTC-5, Thomas E. wrote:
On Thursday, February 8, 2024 at 6:30:16 PM UTC-5, -hh wrote:
On Tuesday, June 5, 2018 at 4:46:21 PM UTC-4, Thomas E. wrote:
On Monday, June 4, 2018 at 4:54:55 PM UTC-4, Alan Baker wrote:
On 2018-06-04 1:50 PM, Thomas E. wrote:
On Monday, June 4, 2018 at 12:04:52 PM UTC-4, Alan Baker wrote:
On 2018-06-04 6:37 AM, Thomas E. wrote:
On Tuesday, May 29, 2018 at 3:10:04 PM UTC-4, Alan Baker wrote:
I know that there are people eager for news of my new RF98, so I thought
I'd provide an update.
Yesterday, in return for offering road racing instruction to novice
trackday participants, I ran my Van Diemen RF98 Honda during the lunch
break at Mission Raceway Park. I thought it would be better to discover
any issues with the car three and a half weeks before the next race,
rather than discover them during the practice session Saturday morning
with the need to have them resolved before qualifying just 115 minutes
later.
So after going through the car's systems, fixing a few minor issues
(such as a little extra slop in the gear linkage cured by adding more
appropriate, shanked bolts and proper saddle washers), completely
replacing the brake and clutch fluid, flushing and replacing the
coolant, we packed up the car for an initial shakedown run. >>>>
With only 20 minutes running time, this wasn't a session for trying
changes to the car; just a chance to find any problems with time to
resolve them before the first race.
Only... ...there weren't any problems! The car was exactly as
advertised. OK... ...there was a tiny amount lateral instability at top
speed which is probably just a fresh alignment away from correction, and
the shop which installed the new engine before the car was sold to me
definitely put in too heavy a weight engine oil, but we took care of
that before we'd even finished unpacking the trailer back at the garage.
Oh! There was one Dzus fastener that had been replaced with one that
wasn't the proper length, so we had to temporarily tape that panel into
place.
However, I would run the car without hesitation as it sits in the garage
right now. I have good information from an experience prep shop for
starting settings for spring rates, anti-roll bars, ride heights, camber
and caster, and the car will be taken to a specialty shop to get its
first alignment; mostly because I need to fabricate a few things before
I can do an alignment myself (new brackets for the alignment bars, most
of all).
And... ...it feels fast.
One area where the Honda-engined cars differ from the Kents is that the
Honda has a rev limiter which cuts in at 6750 rpm whereas most Kents are
run without a rev limiter. So when selecting a top gear, Honda cars must
choose a ratio which will keep the car below the rev limiter in every
conceivable situation, while the Kent-engined FFs can choose a slightly
shorter ratio, knowing that if they do happen to get a good "tow" down
the longest straight, they can allow the engine to rev past the optimum
for short lengths of time. This is one of the reasons that Kents have a
small advantage at tracks with long straights (along with slightly
greater top-end power).
But even having to choose that slightly taller gear, and even before
trying to put together a full-on lap, I was seeing speeds very near the
rev limit before braking for turn one.
If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)
"If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)"
Already making excuses for no-shows!!!!!
No, Liarboy.
I've got an opportunity for a six month contract overseas. If it comes
through, I'm taking it.
Chicken-shit Baker is afraid to run the new toy! He will probably find a way to break even a Honda engine!
You simpleton, what do you think the video was?
And miss the whole season. How utterly convenient.
Very inconvenient in point of fact—not only would it mean missing the
racing season, but at least half of my hockey season, and Christmas with
my family in all likelihood, but also very lucrative. About $1,000USD a
day, 6 days a week for about 6 months.
Do the math. That will pay for a lot of future racing.
:-D$156,000 is bit less than I made all last year, and a pretty darn good 6 months for a college drop-out.
I just signed a contract for project that could pay about $2,000 a day + expenses for
at least the next 6 months, and I can do it from here. At 5 days a week you do the math.
Then add in my $145k pension and investment base income.
2018 taxes could be pretty awful for both of us. :)
Just in case Tommy wants to deny that he made this claim... /s
-hh
Actually, we don't know if Alan's project came through. Mine did, but it fizzled because
the multiple clients could not agree on an approach. Income was on that one was nominal.
Not the point. The point was that here in 2018, you claimed “my $145K pension
and investment base income.”, yet in 2024, you claimed that your pension, plus your
wife’s pension, and both of your SS checks combined now sum to only $100K.
As ed pointed out to you, WTF?
The slight of hand appears to have been the just-ambiguous-enough phrasing which
implied a pension of $145K, plus an unspecified additional amount of investment
income, instead of the reading of it as a pension & investments income(s) which
taken together sum to $145K.
Given your propensities, the latter is more likely. Particularly as 2018 would have
around the onset of RMDs of former employer 401k. Plus the phrasing allows for
counting of discretionary (& greater-than-RMD) transactions, and of “one-shots”,
such as the exercising of an old/expiring stock options, Roth conversions, etc.
I did land a different project though. It did not kick off until late 2019 and
ran over into 2020. Total billings were over $100k. It was my last major project.
Which was much lower in total vs its prior potential, plus “billings” is a gross, not net,
so it is not actual real, take-home income like the other numbers. Deduct off a few
business trips, add overhead, and the balance left remaining for real net income is …?
/s
If you remember there was a 2021 divorce. The wife got 40% of my pension. The $45k is your estimate of my share. Close.OH MY GOD! Ask questions before you make assumptions. I retired in 2003, remember?No, you lost your job in 2003, and the severance package was $240K in cash (2 years
of salary), plus a pension...which we've since learned was perhaps just $45K.
Even before retirement the options expired 10 years after issue. It was 5 years toYes, we've had such options ... and have sold very little of them, so they're currently
expiration from the day I retired. So in 2018 those options had been gone for 10 years.
Those expiration periods are somewhat standard. Have you ever received an employer
stock option? Do you even know how they work?
spinning off around $1K/mo in dividends.
In any event, Stock Options was merely one of several ways that an annual incomeMy bump was the consulting business. A great deal of which went into the 401K.
can have a transient bump up, so the lack of any remaining options on your part
doesn't make it impossible for you to have income from the others...which you then
admit to after your whining:
You might not think of it that way, but it is a requirement and comes in every year.The RMD income started in 2016 (1946+70). That's the 2018 difference. You canHaving a 401k is a retirement benefit, as it is tax-advantaged, but I'd never refer to
call it a 401k pension or investment income. I think of it both ways.
it as a 'pension' regardless of additional modifiers because its a present value cash
balance and structurally not an annuity, nor anything close to one.
That's true, but the 401K was already well over $1 million so I took those deductions as business expenses. That actually increased the net after tax cash flow because I did not pay income tax or FICA on those deductible expenses that reduced taxable net profit. Had I not taken the expenses and "dumped the extra profit into the 401K" I would have paid the full FICA as I was well short of the SS tax cap.That last project involved no travel or overhead, it was 100% billable hours.Both of which you do have, which means you could have dumped into your 401k rather than to take it now as taxable income.
The number is IRS-basis net income that does include some expenses that are not deductible unless you have a home office and have a positive gross margin.
Second reply. See my inline responses above.Yes, the project that fell through could have been worth at least twice that.Same as your rampant speculation attempts on Alan's income.
The operative word was "could". We will never know, will we?
-hh
On Monday, February 12, 2024 at 2:39:36 PM UTC-5, -hh wrote:
On Monday, February 12, 2024 at 11:32:52 AM UTC-5, Thomas E. wrote:
On Friday, February 9, 2024 at 2:49:34 AM UTC-5, -hh wrote:
On Thursday, February 8, 2024 at 9:06:43 PM UTC-5, Thomas E. wrote:
On Thursday, February 8, 2024 at 6:30:16 PM UTC-5, -hh wrote:
On Tuesday, June 5, 2018 at 4:46:21 PM UTC-4, Thomas E. wrote:
On Monday, June 4, 2018 at 4:54:55 PM UTC-4, Alan Baker wrote:
On 2018-06-04 1:50 PM, Thomas E. wrote:
On Monday, June 4, 2018 at 12:04:52 PM UTC-4, Alan Baker wrote:
On 2018-06-04 6:37 AM, Thomas E. wrote:
On Tuesday, May 29, 2018 at 3:10:04 PM UTC-4, Alan Baker wrote:
I know that there are people eager for news of my new RF98, so I thought
I'd provide an update.
Yesterday, in return for offering road racing instruction to novice
trackday participants, I ran my Van Diemen RF98 Honda during the lunch
break at Mission Raceway Park. I thought it would be better to discover
any issues with the car three and a half weeks before the next race,
rather than discover them during the practice session Saturday morning
with the need to have them resolved before qualifying just 115 minutes
later.
So after going through the car's systems, fixing a few minor issues
(such as a little extra slop in the gear linkage cured by adding more
appropriate, shanked bolts and proper saddle washers), completely
replacing the brake and clutch fluid, flushing and replacing the
coolant, we packed up the car for an initial shakedown run.
With only 20 minutes running time, this wasn't a session for trying
changes to the car; just a chance to find any problems with time to
resolve them before the first race.
Only... ...there weren't any problems! The car was exactly as
advertised. OK... ...there was a tiny amount lateral instability at top
speed which is probably just a fresh alignment away from correction, and
the shop which installed the new engine before the car was sold to me
definitely put in too heavy a weight engine oil, but we took care of
that before we'd even finished unpacking the trailer back at the garage.
Oh! There was one Dzus fastener that had been replaced with one that
wasn't the proper length, so we had to temporarily tape that panel into
place.
However, I would run the car without hesitation as it sits in the garage
right now. I have good information from an experience prep shop for
starting settings for spring rates, anti-roll bars, ride heights, camber
and caster, and the car will be taken to a specialty shop to get its
first alignment; mostly because I need to fabricate a few things before
I can do an alignment myself (new brackets for the alignment bars, most
of all).
And... ...it feels fast.
One area where the Honda-engined cars differ from the Kents is that the
Honda has a rev limiter which cuts in at 6750 rpm whereas most Kents are
run without a rev limiter. So when selecting a top gear, Honda cars must
choose a ratio which will keep the car below the rev limiter in every
conceivable situation, while the Kent-engined FFs can choose a slightly
shorter ratio, knowing that if they do happen to get a good "tow" down
the longest straight, they can allow the engine to rev past the optimum
for short lengths of time. This is one of the reasons that Kents have a
small advantage at tracks with long straights (along with slightly
greater top-end power).
But even having to choose that slightly taller gear, and even before
trying to put together a full-on lap, I was seeing speeds very near the
rev limit before braking for turn one.
If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)
"If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)"
Already making excuses for no-shows!!!!!
No, Liarboy.
I've got an opportunity for a six month contract overseas. If it comes
through, I'm taking it.
Chicken-shit Baker is afraid to run the new toy! He will probably find a way to break even a Honda engine!
You simpleton, what do you think the video was?
And miss the whole season. How utterly convenient.
Very inconvenient in point of fact—not only would it mean missing the
racing season, but at least half of my hockey season, and Christmas with
my family in all likelihood, but also very lucrative. About $1,000USD a
day, 6 days a week for about 6 months.
Do the math. That will pay for a lot of future racing.
:-D$156,000 is bit less than I made all last year, and a pretty darn good 6 months for a college drop-out.
I just signed a contract for project that could pay about $2,000 a day + expenses for
at least the next 6 months, and I can do it from here. At 5 days a week you do the math.
Then add in my $145k pension and investment base income.
2018 taxes could be pretty awful for both of us. :)
Just in case Tommy wants to deny that he made this claim... /s
-hh
Actually, we don't know if Alan's project came through. Mine did, but it fizzled because
the multiple clients could not agree on an approach. Income was on that one was nominal.
Not the point. The point was that here in 2018, you claimed “my $145K pension
and investment base income.”, yet in 2024, you claimed that your pension, plus your
wife’s pension, and both of your SS checks combined now sum to only $100K.
As ed pointed out to you, WTF?
The slight of hand appears to have been the just-ambiguous-enough phrasing which
implied a pension of $145K, plus an unspecified additional amount of investment
income, instead of the reading of it as a pension & investments income(s) which
taken together sum to $145K.
Given your propensities, the latter is more likely. Particularly as 2018 would have
around the onset of RMDs of former employer 401k. Plus the phrasing allows for
counting of discretionary (& greater-than-RMD) transactions, and of “one-shots”,
such as the exercising of an old/expiring stock options, Roth conversions, etc.
I did land a different project though. It did not kick off until late 2019 and
ran over into 2020. Total billings were over $100k. It was my last major project.
Which was much lower in total vs its prior potential, plus “billings” is a gross, not net,
so it is not actual real, take-home income like the other numbers. Deduct off a few
business trips, add overhead, and the balance left remaining for real net income is …?
/s
OH MY GOD! Ask questions before you make assumptions. I retired in 2003, remember?
No, you lost your job in 2003, and the severance package was $240K in cash (2 years
of salary), plus a pension...which we've since learned was perhaps just $45K.
Even before retirement the options expired 10 years after issue. It was 5 years to
expiration from the day I retired. So in 2018 those options had been gone for 10 years.
Those expiration periods are somewhat standard. Have you ever received an employer
stock option? Do you even know how they work?
Yes, we've had such options ... and have sold very little of them, so they're currently
spinning off around $1K/mo in dividends.
In any event, Stock Options was merely one of several ways that an annual income
can have a transient bump up, so the lack of any remaining options on your part
doesn't make it impossible for you to have income from the others...which you then
admit to after your whining:
The RMD income started in 2016 (1946+70). That's the 2018 difference. You canHaving a 401k is a retirement benefit, as it is tax-advantaged, but I'd never refer to
call it a 401k pension or investment income. I think of it both ways.
it as a 'pension' regardless of additional modifiers because its a present value cash
balance and structurally not an annuity, nor anything close to one.
That last project involved no travel or overhead, it was 100% billable hours.
The number is IRS-basis net income that does include some expenses that are not deductible unless you have a home office and have a positive gross margin.
Both of which you do have, which means you could have dumped into your 401k
rather than to take it now as taxable income.
Yes, the project that fell through could have been worth at least twice that.
The operative word was "could". We will never know, will we?
Same as your rampant speculation attempts on Alan's income.
Actually, I have hard evidence from 2018 forward in my possession that all is not wellDo not send it to me. Not only do I not particularly care, I wouldn't want to receive
with Alan's finances. I promised Alan I would never show that to anyone, including you.
It was obtained from a public-facing site that recently invoked a secure access protocol.Meaning that they realized that they had a breach, and you know that too, yet you've
This is an item that should be a high priority on the list of financial obligations.Still not interested. And it's probably a lot less IRL dire than you're trying to allude to.
Alan knows exactly what I'm talking about here.
On Monday, February 12, 2024 at 2:39:36 PM UTC-5, -hh wrote:
On Monday, February 12, 2024 at 11:32:52 AM UTC-5, Thomas E. wrote:
On Friday, February 9, 2024 at 2:49:34 AM UTC-5, -hh wrote:
On Thursday, February 8, 2024 at 9:06:43 PM UTC-5, Thomas E. wrote:
On Thursday, February 8, 2024 at 6:30:16 PM UTC-5, -hh wrote:
On Tuesday, June 5, 2018 at 4:46:21 PM UTC-4, Thomas E. wrote:
On Monday, June 4, 2018 at 4:54:55 PM UTC-4, Alan Baker wrote:
On 2018-06-04 1:50 PM, Thomas E. wrote:
On Monday, June 4, 2018 at 12:04:52 PM UTC-4, Alan Baker wrote:
On 2018-06-04 6:37 AM, Thomas E. wrote:
On Tuesday, May 29, 2018 at 3:10:04 PM UTC-4, Alan Baker wrote:
I know that there are people eager for news of my new RF98, so I thought
I'd provide an update.
Yesterday, in return for offering road racing instruction to novice
trackday participants, I ran my Van Diemen RF98 Honda during the lunch
break at Mission Raceway Park. I thought it would be better to discover
any issues with the car three and a half weeks before the next race,
rather than discover them during the practice session Saturday morning
with the need to have them resolved before qualifying just 115 minutes
later.
So after going through the car's systems, fixing a few minor issues
(such as a little extra slop in the gear linkage cured by adding more
appropriate, shanked bolts and proper saddle washers), completely
replacing the brake and clutch fluid, flushing and replacing the
coolant, we packed up the car for an initial shakedown run.
With only 20 minutes running time, this wasn't a session for trying
changes to the car; just a chance to find any problems with time to
resolve them before the first race.
Only... ...there weren't any problems! The car was exactly as
advertised. OK... ...there was a tiny amount lateral instability at top
speed which is probably just a fresh alignment away from correction, and
the shop which installed the new engine before the car was sold to me
definitely put in too heavy a weight engine oil, but we took care of
that before we'd even finished unpacking the trailer back at the garage.
Oh! There was one Dzus fastener that had been replaced with one that
wasn't the proper length, so we had to temporarily tape that panel into
place.
However, I would run the car without hesitation as it sits in the garage
right now. I have good information from an experience prep shop for
starting settings for spring rates, anti-roll bars, ride heights, camber
and caster, and the car will be taken to a specialty shop to get its
first alignment; mostly because I need to fabricate a few things before
I can do an alignment myself (new brackets for the alignment bars, most
of all).
And... ...it feels fast.
One area where the Honda-engined cars differ from the Kents is that the
Honda has a rev limiter which cuts in at 6750 rpm whereas most Kents are
run without a rev limiter. So when selecting a top gear, Honda cars must
choose a ratio which will keep the car below the rev limiter in every
conceivable situation, while the Kent-engined FFs can choose a slightly
shorter ratio, knowing that if they do happen to get a good "tow" down
the longest straight, they can allow the engine to rev past the optimum
for short lengths of time. This is one of the reasons that Kents have a
small advantage at tracks with long straights (along with slightly
greater top-end power).
But even having to choose that slightly taller gear, and even before
trying to put together a full-on lap, I was seeing speeds very near the
rev limit before braking for turn one.
If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)
"If I'm in town to enjoy it, I think the rest of the racing season could
be a lot of fun!
:-)"
Already making excuses for no-shows!!!!!
No, Liarboy.
I've got an opportunity for a six month contract overseas. If it comes
through, I'm taking it.
Chicken-shit Baker is afraid to run the new toy! He will probably find a way to break even a Honda engine!
You simpleton, what do you think the video was?
And miss the whole season. How utterly convenient.
Very inconvenient in point of fact—not only would it mean missing the
racing season, but at least half of my hockey season, and Christmas with
my family in all likelihood, but also very lucrative. About $1,000USD a
day, 6 days a week for about 6 months.
Do the math. That will pay for a lot of future racing.
:-D$156,000 is bit less than I made all last year, and a pretty darn good 6 months for a college drop-out.
I just signed a contract for project that could pay about $2,000 a day + expenses for
at least the next 6 months, and I can do it from here. At 5 days a week you do the math.
Then add in my $145k pension and investment base income.
2018 taxes could be pretty awful for both of us. :)
Just in case Tommy wants to deny that he made this claim... /s
-hh
Actually, we don't know if Alan's project came through. Mine did, but it fizzled because
the multiple clients could not agree on an approach. Income was on that one was nominal.
Not the point. The point was that here in 2018, you claimed “my $145K pension
and investment base income.”, yet in 2024, you claimed that your pension, plus your
wife’s pension, and both of your SS checks combined now sum to only $100K.
As ed pointed out to you, WTF?
The slight of hand appears to have been the just-ambiguous-enough phrasing which
implied a pension of $145K, plus an unspecified additional amount of investment
income, instead of the reading of it as a pension & investments income(s) which
taken together sum to $145K.
Given your propensities, the latter is more likely. Particularly as 2018 would have
around the onset of RMDs of former employer 401k. Plus the phrasing allows for
counting of discretionary (& greater-than-RMD) transactions, and of “one-shots”,
such as the exercising of an old/expiring stock options, Roth conversions, etc.
I did land a different project though. It did not kick off until late 2019 and
ran over into 2020. Total billings were over $100k. It was my last major project.
Which was much lower in total vs its prior potential, plus “billings” is a gross, not net,
so it is not actual real, take-home income like the other numbers. Deduct off a few
business trips, add overhead, and the balance left remaining for real net income is …?
/s
The only divorce of your's that I can recall was about 20 years earlier than that.OH MY GOD! Ask questions before you make assumptions. I retired in 2003, remember?
No, you lost your job in 2003, and the severance package was $240K in cash (2 years
of salary), plus a pension...which we've since learned was perhaps just $45K.
If you remember there was a 2021 divorce.
The wife got 40% of my pension.Irrelevant.
The $45k is your estimate of my share. Close.The non-negative tone of your reply indicates that that value was high, which is due
Tommy reading comprehension fail, because when one has "sold very little of them",Even before retirement the options expired 10 years after issue. It was 5 years to
expiration from the day I retired. So in 2018 those options had been gone for 10 years.
Those expiration periods are somewhat standard. Have you ever received an employer
stock option? Do you even know how they work?
Yes, we've had such options ... and have sold very little of them, so they're currently
spinning off around $1K/mo in dividends.
Unexercised employee options pay dividends????
Which illustrates how you dance around between what is 'income' and whatIn any event, Stock Options was merely one of several ways that an annual income
can have a transient bump up, so the lack of any remaining options on your part
doesn't make it impossible for you to have income from the others...which you then
admit to after your whining:
My bump was the consulting business. A great deal of which went into the 401K.
No, you're conflating the tax obligation of a tax-advantaged account with its structure.The RMD income started in 2016 (1946+70). That's the 2018 difference. You can
call it a 401k pension or investment income. I think of it both ways.
Having a 401k is a retirement benefit, as it is tax-advantaged, but I'd never refer to
it as a 'pension' regardless of additional modifiers because its a present value cash
balance and structurally not an annuity, nor anything close to one.
You might not think of it that way, but it is a requirement and comes in every year.
The 401k balance magnitude is irrelevant: your self-employed structure is what enabled you to reduce your taxable income on both the employee & employer sides.That last project involved no travel or overhead, it was 100% billable hours.
The number is IRS-basis net income that does include some expenses that are not deductible unless you have a home office and have a positive gross margin.
Both of which you do have, which means you could have dumped into your 401k
rather than to take it now as taxable income.
That's true, but the 401K was already well over $1 million so I took those deductions
as business expenses.
That actually increased the net after tax cash flow because I did not pay income taxMeaning that you took it on the employer side as a benefit, which lowered not only your
or FICA on those deductible expenses that reduced taxable net profit. Had I not taken
the expenses and "dumped the extra profit into the 401K" I would have paid the full
FICA as I was well short of the SS tax cap.
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