Secretly rich

[Anonymous]

Anonymous wrote: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.

OP here. That sounds lovely. Well done.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

OP here. That sounds lovely. Well done.

PP you replied to. I'm sure you're not the only one, OP, but I agree you need to keep it stealth because you are in the minority at work and you don't want to deal with jealous people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

OP here. That sounds lovely. Well done.

PP you replied to. I'm sure you're not the only one, OP, but I agree you need to keep it stealth because you are in the minority at work and you don't want to deal with jealous people.

I feel like I'm living a double life. And that eventually people will figure it out and there will be some kind of reckoning. All this reporting makes me feel exposed.

[Anonymous]

We also make millions and I quit my gov job. If it is stressing you out just quit. You posted here so that other people could offer you advice? On what? File or don’t file. You should file and quit complaining. We don’t care. Compliance Rules suck, but are necessary. Trust me, your public service job will not care when you leave. Your job is not as important as you think it is. DOGE taught us that. People knew we were ‘secretly rich’ when we were flying to ski at our house in WY. No one cared about our ‘double life’. I can almost guarantee there is someone who has more family money than you in the same office. Someone always has more, someone always has less.

The title of this post should not be secretly rich. It should be ‘annoyed with the laws and securities reporting that were created to prevent coercion and abuse as a federal worker. Discuss.’

Reckoning? Feels like a troll post to me. Get off DCUM and go file your paperwork.

[Anonymous]

Anonymous wrote:We also make millions and I quit my gov job. If it is stressing you out just quit. You posted here so that other people could offer you advice? On what? File or don’t file. You should file and quit complaining. We don’t care. Compliance Rules suck, but are necessary. Trust me, your public service job will not care when you leave. Your job is not as important as you think it is. DOGE taught us that. People knew we were ‘secretly rich’ when we were flying to ski at our house in WY. No one cared about our ‘double life’. I can almost guarantee there is someone who has more family money than you in the same office. Someone always has more, someone always has less.

The title of this post should not be secretly rich. It should be ‘annoyed with the laws and securities reporting that were created to prevent coercion and abuse as a federal worker. Discuss.’

Reckoning? Feels like a troll post to me. Get off DCUM and go file your paperwork.

Even though you're lecturing me, I appreciate this response. I'm way too in my head.

[Anonymous]

Well you have a choice. Keep job and keep reporting or resign and do something else.
I remember how intrusive I felt my required financial reporting felt as a mere GS15. Fortunately all we had was mutual funds. Unfortunately we weren't rich.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

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.

Can someone else prepare them and you file? Just the mechanics copying the reports after you review them?

[Anonymous]

Np, I'm not secretly rich, but I will have a good inheritance bump in the next few weeks that will be several hundred thousand. I am a fed/ TS and have to report it. I am curious who is on the other end of the send button? Will my supervisor see it, his boss, or does it go to the Security Office only?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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.

Can someone else prepare them and you file? Just the mechanics copying the reports after you review them?

I will ask about this. As far as I know, I have to submit through integrity.gov and use my PIV card to authenticate. Maybe they can offer another method.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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.

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.

I'm not in a similar financial situation, but I'm in a similar clearance category, and I get it. I think an accountant and/or AI are your friends here. You need to routinize this process. You have the money to throw at this problem, so throw it.

If the act of filling out the form takes 2 hours a week, then it takes 2 hours a week. It's legally required and IMO is therefore work time.

[Anonymous]

If it's a serious burden, I will take that money off your hands.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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.

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.

Everyone has to report transactions over $10k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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.

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.

I'm not in a similar financial situation, but I'm in a similar clearance category, and I get it. I think an accountant and/or AI are your friends here. You need to routinize this process. You have the money to throw at this problem, so throw it.

If the act of filling out the form takes 2 hours a week, then it takes 2 hours a week. It's legally required and IMO is therefore work time.

I like your idea of using AI to simplify this.

[Anonymous]

Just quit at this point. It’s silly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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.

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.

Everyone has to report transactions over $10k.

I work at a financial regulator. I do have to do the annual disclosure but definitely do not have to report any individual transactions, regardless of amount.