Secretly rich
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Anonymous
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I'm secretly rich. I wasn't always this way, in fact, I was raised in poverty. I'm a government employee. My HHI is in the multi millions.
I know there are others like me. How do you resolve this? I feel like I am constantly reporting financial transactions. I have to schedule 2 hours per week of work just to stay on top of the reporting. I'm very patriotic. I served my country in the military and now as a government employee. All the reporting makes me feel like I am under suspicion. I'm thinking of quitting. |
Anonymous
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The max salary in the government is the president. 400k. So unless your spouse is the one making millions, this doesn’t make any sense.
The OGE-450 financial disclose is yearly. So that doesn’t make sense either. Bad troll I guess… |
Anonymous
| Can you switch to index funds? |
Anonymous
It is my spouse. But you have to file 278-t transactions for any trade over 1k. I'm not trolling. I'm spiraling. Please don't be mean. |
Anonymous
That would be my preference emotionally. But we make more money on these trades than my salary so it doesn't make financial sense. |
Anonymous
So your spouse makes a multi million dollar salary/year or did you mean that your net worth (not HHI) is in the multi millions? (There are plenty of government workers in the latter case) Either way, neither situation on its own should trigger anything more than a one time or yearly report. I’m not sure what kind of crazy financial transactions you are making that would trigger hours of reporting requirements per week (dabbling in day trading?) but it sounds like you just need to stop making things overly complicated. |
Anonymous
I mean every year we file taxes with an income of 2-3M. Its a lot of transactions. 50 per week, ish. And since I have a TS/SCI, I have to report any transactions ovrr 10k. And we average 40-50k per month. Look, respectfully, I'm looking for advice for people in a similar situation. |
Anonymous
| It's required, it's not personal. Just do the weekly filing and be done with it. I think it's fine to use work time. And make sure you are not involved with any related companies. My boss cannot sign off on the issuance of Apple phones, for example. |
Anonymous
This is what I try to do. I try to remind myself it's not personal. I'm afraid I'll miss a trade or I won't be told about a trade. Maybe this is just an anxiety thing. |
Anonymous
| I don’t know about the filing requirements but I would just hire them out. I’m sure you can find an accountant or someone who can do it. |
Anonymous
| Since you are so secretly rich you need to secretly hire someone to do these forms for you maybe? |
Anonymous
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It's not personal. You are unusually fortunate financially so you face unusually high reporting loads. Thank you for serving our country.
Get an accountant to oversee transactions and tell you what needs reporting. |
Anonymous
I wish I could. But I have to file them myself because they require a PIV card. It's a lot of time and I'm already so busy at work. |
Anonymous
I think maybe I should meet with my ethics office and ask for help. The training basically says to opt for investment styles that work well with reporting. But I literally make more with my investments than the SES job so that doesn't make sense. I feel overwhelmed but I should ask for help. |
Anonymous
| I don't understand what this reporting is, since neither my husband nor I are government employees. We appear to live a lower-middle class life, and are in the 1%. All this wealth is lucky stock market investing over decades, so we're used to living off our small salaries. The difference is that we can sell stock to send our kids to any university and we're not worried about retirement or paying for health issues. But apart from that, we have a small old house in a great public school district, ancient cars, not fancy vacations. |