Lpl ticket charges
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[quote=joedabrkr] [quote=moleary]
Regarding FICA: For LPL's Insured Cash Account Program
FDIC insurance on cash sweep balances up to $1 million for single account holders and $2 million for joint account holders.
Hope that helps
FICA/FDIC?
[quote=Indyone]Yes. Mine runs about 85% after ticket charges…
Ticket charges are costing you 5%?
What about FICA? Is it only up to a certain income level?[/quote]
Yes, ticket charges/SAM admin fees cost me about 5% of my production in aggregate. The way I am structured (salary through an S-Corp.), my FICA/medicare stops at about $40,000.
...and yes, there are other admin costs such as my assistant, office rent, etc. My net after that, but before income taxes is running right at 70%.