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Apr 15, 2008 8:15 pm

Wow Spike…why would you have ever left Jones.  I bet with your little bitty payout, you couldn’t afford to take your wife and kids on a vacation…sorry to hear that.  I can tell by your post , your sad, regretful, suicidal, broke, have 4(maybe 5) clients and more than likely a pathetic underperformer at Jones.  This is the only way you could be in your miserable state was by “not making it” at the mothership. 

 After reading your post, I've decided to evaluate a possible move back to the green machine, lucky I still have my Doug Hill Framed picture.  Thanks for making my decision easier....TO EVERYONE ELSE>>FOR THE LAST TIME......................Do             the       math.
Apr 15, 2008 9:30 pm

The Math is after taxes people! 

Apr 15, 2008 9:38 pm

[quote=spikedkoolaid]  I got to deduct my health insurance premiums (Can’t do that at Jones).

 [/quote]   That line is so frikin stupid it almost makes anything else you have to say irrelevent.
Apr 15, 2008 9:46 pm

Does Jones offer Medical?

Apr 15, 2008 9:48 pm

Spears - what’s up with all the bashing recently?  Slow time for you?  Need something to do?  You seem to be back with a vengance.  Not that anyone is listenting to your ranting.   

   
Apr 15, 2008 9:50 pm
lambda:

Does Jones offer Medical?

  Yes. 
Apr 15, 2008 10:01 pm

Yeah...as my assistant remarked this morning.."where were all these people when we were at Jones"...again Spiff...you don't know what you don't know....Now that I think about it ...I do have more free time....Shouldn't you be signing in for the Tuesday Night Call Session...

Apr 15, 2008 10:09 pm

Sorry, I got a credit for my health insurance premiums of $10,000.  I was $10,000 at Jones and getting no type of tax benefit.  The Math is simple

Own and Run your own Business and save a lot of money W-2 Employee, phase out, don't get deductions, work for someone else...   I drank the kool-aid when I was there...I still remember John Bachman saying at a Breakfast meeting when I asked him about fee-based business, "If you are planning on building fee-based business, then you shouldn't do it at Edward Jones."  He went on with the mantra of why fee-based doesn't make sense, etc.  That is when I made my decision to leave. 
Apr 15, 2008 10:32 pm

You know Spiff, When bspears is calm and going easy on Jones, you are perfectly happy with him. The minute he tells the truth....it's that he's got the vengence talk going. Make up your mind.

I don't work Indy, I am free from Jones, and I still save like Spiked. I go on 4-6 trips a year--have since I left. I may go indy someday (5-7 years from now), but this was the right move for me a couple of years back. I'm debt free, making good money, treat my clients like they are my livelihood and important, and spend a lot of time with my family and friends.

You shouldn't stay with Jones any longer than you have to (sounds like you don't have the assets you need yet). Can you still contribute to a Roth? I'm listening to spears---so are others. You should too....
Apr 15, 2008 11:34 pm

[quote=spikedkoolaid]Sorry, I got a credit for my health insurance premiums of $10,000.  I was $10,000 at Jones and getting no type of tax benefit.  /QUOTE]

Wrong again dumbass.

Apr 15, 2008 11:47 pm

Forgot to add, if spiked figures out the real answer he’ll disappear and not own up to a stupid fk’n mistake or never figure it out and disappear.  Either way he’ll pop up in 2 months with another incredible advantage to his business that NO ONE HAS EVER HEARD OF EXCEPT FOR HIM AND HIS ACCOUNTANT. Fk’n Ge knee ass.  Figure that last on out you idiot.

BTW ask your cpa about how you might of had a tax advantage with edj health insurance, when he gets done laughing at you he might have enough breath left to fill you in.


I hear crickets.

Apr 15, 2008 11:58 pm

Hey Max, I didn’t get a credit for my health insurance either!!!  And another thing, my w-2 listed my income $10000 less than my last pay stub!!!  What is going on!!!  Sorry Max, thought SKO would need some help.

Apr 16, 2008 12:38 am

[quote=Primo]Hey Max, I didn’t get a credit for my health insurance either!!!  And another thing, my w-2 listed my income $10000 less than my last pay stub!!!  What is going on!!!  Sorry Max, thought SKO would need some help.[/quote]

No Fkn idea dumbass, maybe you ought to figure it out and call HR.  Maybe because you get pre tax deductions?  Just a guess but I’m not here to try and help idoits, so I’m just throwing it out there.

Apr 16, 2008 12:39 am

[quote=Primo]Hey Max, I didn’t get a credit for my health insurance either!!!  [/quote]

Sorry missed this part, you didn’t get credit?  Either you can’t read your pay stub or you didn’t get a credit, either way it proves your a dumbass.

Apr 16, 2008 1:24 am

Either my sarcasm is not obvious enough or you should read more carefully.  A couple of posts back SKO said he did not get a tax credit for premiums paid at Jones.  This is  because health premiums come out pre-tax as you know, therefore explaining the difference from paystub to w-2.  Does that make it more clear?  Or are you going to the"dumbass" insult again, resulting in me using the “sticks and stones” defense.  In the future, I will attempt to be far more obvious in my posts when I agree with you.

Apr 16, 2008 1:34 am
Maxstud:

[quote=Primo]Hey Max, I didn’t get a credit for my health insurance either!!!  And another thing, my w-2 listed my income $10000 less than my last pay stub!!!  What is going on!!!  Sorry Max, thought SKO would need some help.[/quote]

No Fkn idea dumbass, maybe you ought to figure it out and call HR.  Maybe because you get pre tax deductions? I wonder if that is what I was implying??  Hmmm, if premiums are taken out pre-tax, would that be better than getting a credit at year end??  Would the result be the same??  Would it be more beneficial to have premiums taken out pre-tax instead of allowing the govt to use it all year and get it back??  Would this explain a difference in W-2 income and last paystub??  Would this information make SKO’s  statement look stupid??  Was I agreeing with you?? Just a guess but I’m not here to try and help idoits, so I’m just throwing it out there.

Apr 16, 2008 2:27 am

[quote=Primo][quote=Maxstud] [quote=Primo]Hey Max, I didn't get a credit for my health insurance either!!!  And another thing, my w-2 listed my income $10000 less than my last pay stub!!!!  What is going on!!!!  Sorry Max, thought SKO would need some help.[/quote]

No Fkn idea dumbass, maybe you ought to figure it out and call HR.  Maybe because you get pre tax deductions? I wonder if that is what I was implying??  Hmmm, if premiums are taken out pre-tax, would that be better than getting a credit at year end??  Would the result be the same??  Would it be more beneficial to have premiums taken out pre-tax instead of allowing the govt to use it all year and get it back??  Would this explain a difference in W-2 income and last paystub??  Would this information make SKO's  statement look stupid??  Was I agreeing with you?? Just a guess but I'm not here to try and help idoits, so I'm just throwing it out there.
[/quote] [/quote]

As an employee at Jones you are certainly getting the benefit of that money being pretax. As an independent that amount comes directly off of my income however as an independent businessowner I am NOT subject to the 2% floor on miscellaneous  business expenses. At the 100K AGI, that is a 2000 dollar difference between employee and businessowner.

Apr 16, 2008 3:35 am

spiked,

    I hate to burst your bubble, but with maxing out my HSA at around 6k pretax, profit sharing at around 13k last year pretax, and my 401k at $15,500, I saved around 34k pretax last year, not as much as might be available indy, but more than you suggest.  We also have the monthly business expense program which allows deductions that can not be added back to calculate AMT and making my business expenses not subject to the 2% gross income misc. deductions.     So when I say net/net/net 55%, I really mean it.  Why is that so hard to believe?
Apr 16, 2008 5:28 am

I’m sorry, when I was at Jones they made me pay for my health benefits $1000/month.  Was it pre-tax?  Has something changed? 

  Rank-you are one of the few who has achieved savings to the max.  The California Crew does not have a Business Expense Plan anymore...By the way, I'm getting a check for $20,000 from EDJ Class Action for having to pay for expenses that should've been paid by my employer EDJ.   Last Year- $650,000 Gross $70,000 401k's, Profit Sharing, Roths $125,000 Assistant, Rent, Phone, Etc $165,000 Payroll to Me $14,000 Payroll Taxes $12,000 Income Taxes   I'm glad that you finally agree, Rank, that Indy is a better Net/Net/Net.  You are an employee and will always be an employee until you choose to leave the mothership! 
Apr 16, 2008 6:12 am

Effay:

You asked: " how hard did EJ come after you? I just spoke with one of the guard dogs at HQ, and she said they can - and do - still get TROs in Cali. "

  Well, it all depends on if you took over an established office w/ clients & assets, or did you start your office from scratch.  I started mine from scratch, so 99% of my clients did business w/ me, since I'm in a big city, & most clients didn't know who Edward Jones was anyways.  Some of them even called me Ed, or Eddie, or A. G. Ed... When I left 9 yrs ago, Jones sent 2 form letters from the legal dept, threatening this & that.  But since I worked at Jones for 7 yrs, way past the 2 yr mark, no repayment of anything.  I faxed the letters to LPL legal dept & they laughed it off, saying don't worry about it, just form letters Jones sends out to scare ya.  Still much less threatening than the ones from Merrill, or other wire houses that Jones poaches on as part their own "healthy growth" campaign. No problems w/ TROs here.