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Re: $47,000 cash now or $330 per month for life

As a perpetuity, that's about an 8.5% return.

Not bad.
by Bacchus01
Wed Jul 09, 2014 5:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: $47,000 cash now or $330 per month for life
Replies: 33
Views: 4955

Re: Tiny House Movement

Our house is 5,600 sq ft. It's more than big enough for a family of 5. There are rooms that rarely ever get used.

When the kids are gone, we will most definitely downsize to sub 3,000 sq ft.
by Bacchus01
Wed Jul 09, 2014 10:12 am
 
Forum: Personal Consumer Issues
Topic: Tiny House Movement
Replies: 139
Views: 15737

Re: Is it ever ok to tell your boss you have another offer?

Are you ready and willing to take the other position? Would you rather stay where you are because you like what you do? If the answer to both those questions is not yes, then there would be no reason to tell your boss. If they wish you luck, but you aren't ready to take the new job, you are in troub...
by Bacchus01
Tue Jul 08, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Is it ever ok to tell your boss you have another offer?
Replies: 30
Views: 2798

Re: Tax rate on money won?

It's treated as ordinary income and will be taxed at whatever his marginal state/federal tax rates are.
by Bacchus01
Mon Jul 07, 2014 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax rate on money won?
Replies: 5
Views: 533

Re: Hitting "The Number" too early

@bachhus01: looks like you plan to double your net worth from 5m to 10m in 4-5 years. That seems high rate of return or very high contributions to nest egg. In any case, best of luck. Well, plan and reality may end up being very different things, but we are working towards that. It comes through a ...
by Bacchus01
Thu Jul 03, 2014 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hitting "The Number" too early
Replies: 49
Views: 5385

Re: Time to buy a tv or wait 2 years?

I remember buying my 65" Samsung rear projection DLP with 1080P. At that time, there was almost no 1080P content and I almost opted not to do it. 8 years later and it's still going strong and has an amazing picture. Of course, it's mostly relegated to the XBox TV for the kids now. I think it's ...
by Bacchus01
Thu Jul 03, 2014 10:51 am
 
Forum: Personal Consumer Issues
Topic: Time to buy a tv or wait 2 years?
Replies: 66
Views: 5745

Re: Hitting "The Number" too early

Congratulations! Hitting your number gives you choices. You should consider what those choices are. One of them is retirement, but there are so many more. I hope to hit my number at 50 (which is $10M btw) and open up a world of choices. In reality we could probably retire on half that around age 45/...
by Bacchus01
Thu Jul 03, 2014 9:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Hitting "The Number" too early
Replies: 49
Views: 5385

Re: How are you doing through the first half of 2014?

I'm not sure people read things correctly. I don't believe I ever said I had a return or irr that included contributions. I simply said it was up that much. Why do contributions matter? Well, for me, I need my portfolio to grow 17% per year to retire in 10 years. Contributions therefore matter at de...
by Bacchus01
Wed Jul 02, 2014 7:48 pm
 
Forum: Investing - Theory, News & General
Topic: How are you doing through the first half of 2014?
Replies: 91
Views: 9323

Re: How are you doing through the first half of 2014?

I do track my progress on a quarterly basis, though I only do rates of return annually. Since you asked, though, I'm up 16.5% YTD - not annualized, with just over half of that from contributions. My mid-year investment return, on an annualized basis, is a bit over 16%. Surprised that if this contin...
by Bacchus01
Wed Jul 02, 2014 9:54 am
 
Forum: Investing - Theory, News & General
Topic: How are you doing through the first half of 2014?
Replies: 91
Views: 9323

Re: Dividend Distribution Strategies

Why do people want them? One is that you can use them as our income source without selling the underlying stock and dealing with the risk that the asset has temporarily depreciated, or deal with the transaction costs associated with selling the stock. Since the transaction costs have come down so mu...
by Bacchus01
Wed Jul 02, 2014 9:45 am
 
Forum: Investing - Theory, News & General
Topic: Dividend Distribution Strategies
Replies: 13
Views: 1188

How are you doing through the first half of 2014?

2013, at least the back half, was such a tear for the bull market. The first part of this year started very slow but is coming on strong lately. Through the first six months our portfolio is up 17.2% (annualized) or about 8% YTD net. I attribute approx. 5.9% of that to additional contributions, and ...
by Bacchus01
Wed Jul 02, 2014 9:37 am
 
Forum: Investing - Theory, News & General
Topic: How are you doing through the first half of 2014?
Replies: 91
Views: 9323

Re: Ideas on how deal with estate with tons of items

I would be interested in buying all 4 cars. Message me.
by Bacchus01
Fri Jun 27, 2014 7:06 pm
 
Forum: Personal Consumer Issues
Topic: Ideas on how deal with estate with tons of items
Replies: 29
Views: 2402

Re: "Being Done" Saving: White Coat Investor blog post

Interesting perspectives.

I'm 40, having left college in the mid/late 90's. We are clearly on track to move to our "second career" (haven't settled on retirement, per se) by 50. Realistically, it could probably happen by 45 but have put 50 as the yard stick right now.
by Bacchus01
Fri Jun 27, 2014 2:31 pm
 
Forum: Investing - Theory, News & General
Topic: "Being Done" Saving: White Coat Investor blog post
Replies: 47
Views: 7691

Re: What is the risk of having too much house

I think I was pretty clear that I knew SF was a lot higher. As for your comments, no, I wouldn't stretch my budget that much to get something larger. A quick view of realtor.com shows there are 25 properties in San Fran with 4 bed/2 bath under $800K. Within 5 miles of San Fran that number jumps to 1...
by Bacchus01
Wed Jun 25, 2014 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is the risk of having too much house
Replies: 51
Views: 4507

Re: What is the risk of having too much house

Only you can ultimately decide what's right for you, but I can only use our situation as a point of comparison. I live in the Milwaukee metro area, and while that is not as high a cost of living as San Fran by any means, it's a lot higher than people would guess. We have roughly the same investment ...
by Bacchus01
Wed Jun 25, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: What is the risk of having too much house
Replies: 51
Views: 4507

Re: The Mega Backdoor Roth IRA

ArthurO, while interesting, the quote above does not reference the issue at hand. I have done this. I have talked with Vanguard and Wells Fargo (where I was converting to and from) and their response was "we do this all the time." It's not as "rare" occurrence as you suggest. The...
by Bacchus01
Tue Jun 24, 2014 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: The Mega Backdoor Roth IRA
Replies: 84
Views: 12417

Re: Profit Sharing 401k AND an Individual 401k?

You're his only client that maxes out your retirement accounts? That seems very odd.
by Bacchus01
Tue Jun 24, 2014 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Profit Sharing 401k AND an Individual 401k?
Replies: 13
Views: 521

Re: Cost of car compared to Gross Income

My unscientific analysis if the efficient frontier always brought me to about 2 years old and 20-30K miles. Most cars are still under warranty but have depreciated as much as 50%. However, lately I've noted that the types if used cars are holding their value quite well and it's more like 25% depreci...
by Bacchus01
Sun Jun 22, 2014 7:03 am
 
Forum: Personal Consumer Issues
Topic: Cost of car compared to Gross Income
Replies: 82
Views: 4604

Re: New Portfolio: what to do with 2.5M to 5.5M?

Wow. I have little to add other than it looks really complicated.


Your biggest issue is not how to invest, but how to minimize taxation.
by Bacchus01
Fri Jun 20, 2014 8:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Portfolio: what to do with 2.5M to 5.5M?
Replies: 38
Views: 4376

Re: How much car can I afford while paying cash? Details ins

I drive a 2002 BMW with 128K miles on it. There are a few 15 year old BMWs on the road, but not many. Mine is 13 years old. It is a blast to drive still. It is quiet on the highway and great in bad weather (it's a 330XI). It's comfortable and stable at nearly any speed. I really enjoy driving it. It...
by Bacchus01
Fri Jun 20, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: How much car can I afford while paying cash? Details inside.
Replies: 62
Views: 3932

Re: Cost of car compared to Gross Income

The average new car has to be around $30K now. So does that mean the average gross income is $300K? I don't think so.

Unfortunately cars are expensive.
by Bacchus01
Fri Jun 20, 2014 10:53 am
 
Forum: Personal Consumer Issues
Topic: Cost of car compared to Gross Income
Replies: 82
Views: 4604

Re: How much $$ to change jobs?

I have never changed companies for less than 25%. There is just too much hassle in it all to do it for less. I wouldn't even consider it, honestly.

As for those of you Americans trying to give cultural advice - don't. Just don't.
by Bacchus01
Thu Jun 19, 2014 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much $$ to change jobs?
Replies: 52
Views: 4142

Re: is it normal to have more in your taxable accounts

We are 2/3 taxable after maxing every possible tax deferred position.
by Bacchus01
Thu Jun 19, 2014 8:24 pm
 
Forum: Investing - Theory, News & General
Topic: is it normal to have more in your taxable accounts
Replies: 25
Views: 1704

Re: Why 'I'll just work longer' is not a good retirement pla

I'm surprised by the percentage that retire before 60. Is anyone else?
by Bacchus01
Tue Jun 17, 2014 3:52 pm
 
Forum: Investing - Theory, News & General
Topic: Why 'I'll just work longer' is not a good retirement plan
Replies: 8
Views: 1773

Re: Retirement options for Wife going back to work as contra

With a Solo 401K I believe she can defer the first $23,000 of income, where is it 20% with the IRA, they have the same max but that does seem to apply in this case.. Try using this calculator, it might help you decide. http://solo401k.bcmadvisors.com/calculator.html Thanks. Seems like the max contr...
by Bacchus01
Mon Jun 16, 2014 9:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement options for Wife going back to work as contractor
Replies: 4
Views: 293

Retirement options for Wife going back to work as contractor

My wife is looking to go back to work this year after taking many years off with the kids. She'll mostly be working a couple of part-time deals that she has lined up. Total comp per year is probably no more than $10-$15K, but she's doing this for the fun more than the $$$. However, to avoid having h...
by Bacchus01
Mon Jun 16, 2014 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement options for Wife going back to work as contractor
Replies: 4
Views: 293

Re: Car for a long daily commute

harrychan wrote:
Bacchus01 wrote:I work for an engine company. Honda engines are competition and thus I will not own any Honda product. The same goes for Subaru.


It would help your cause if you explained yourself.

Uh, I think I just did.
by Bacchus01
Tue Jun 10, 2014 6:13 am
 
Forum: Personal Consumer Issues
Topic: Car for a long daily commute
Replies: 75
Views: 5884

Re: Car for a long daily commute

I work for an engine company. Honda engines are competition and thus I will not own any Honda product. The same goes for Subaru.
by Bacchus01
Mon Jun 09, 2014 11:48 pm
 
Forum: Personal Consumer Issues
Topic: Car for a long daily commute
Replies: 75
Views: 5884

Re: Car for a long daily commute

Great thread. I drive about 110 miles round trip per day. It take me 50 minutes each way, though, as it is all highway. I too am looking for a new commuter. Mpg is not the major motivator for me as the cost to go hybrid is hard to pay back. I drive a 2002 BMW 330XI now and love it, but reliability i...
by Bacchus01
Mon Jun 09, 2014 10:22 pm
 
Forum: Personal Consumer Issues
Topic: Car for a long daily commute
Replies: 75
Views: 5884

Re: Why have more than 70% stocks?

Why am I 80/20? Because I can.
by Bacchus01
Mon Jun 09, 2014 8:33 pm
 
Forum: Investing - Theory, News & General
Topic: Why have more than 70% stocks?
Replies: 12
Views: 1494

Re: High Deductible Heath Plan vs Co-Pay healh plan

In scenario A you are looking at probably best case. In scenario B you are painting a picture of worst case. I'd say plan for both of them to be worse case. I think you'll find that the high deductible plan is probably no worse of a risk. AND with that plan, you can put up to $6,450 into an HSA. Rea...
by Bacchus01
Wed Jun 04, 2014 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: High Deductible Heath Plan vs Co-Pay healh plan
Replies: 23
Views: 843

Re: What is this (possible) pension worth?

This is a math problem. If you assume that you draw it beginning at age 62 and draw it unadjusted until age 90, at a 2% rate of inflation, that pension is worth ~$26,500 TODAY. The question is, if you change, are you going to offset that $26,500? If you assume inflation to be more like 3%, then it's...
by Bacchus01
Wed Jun 04, 2014 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: What is this (possible) pension worth?
Replies: 12
Views: 854

Re: does frugality result in lower career ambition?

For me, the two are almost completely unrelated. My professional life and personal life are very separate. I run a $500M division of a megacorp. I probably drive one of the oldest cars in the parking lot at 13 years old. To me work is a game. It's a challenge. I must tackle and win that challenge. I...
by Bacchus01
Tue Jun 03, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: does frugality result in lower career ambition?
Replies: 113
Views: 8365

Re: Bad Advice from Schwab re "Mega Backdoor Roth IRA?"

Yes, you can do it. Yes, I've done it.

Last year, as an example, we put $11,000 through backdoor Roth (2 X $5500) then another ~$25K through 401k after-tax conversion to Roth IRA.

Great way to super-fund your Roth.
by Bacchus01
Tue Jun 03, 2014 9:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Bad Advice from Schwab re "Mega Backdoor Roth IRA?"
Replies: 48
Views: 4342

Re: Young guy, looking to retire at 45-50...help me invest!

This is impossible to answer because you haven't squad how much you need to retire.

Investing every penny you make could be one path, but it's impossible to know because you haven't laid out how much you need.
by Bacchus01
Sun Jun 01, 2014 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Young guy, looking to retire at 45-50...help me invest!
Replies: 17
Views: 3041

Re: Costs that go down/away or go up/first appear in retirem

Interesting comment on kids in college. I plan to retire at 50. At that point I will have a 22 yr old in college, and a 18 and 15 year old in HS. Some people (plan to) use the early part of retirement (pre-RMD, pre-SS etc) as a time for Roth conversions. But with kids in college that will hurt FAFS...
by Bacchus01
Thu May 29, 2014 10:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Costs that go down/away or go up/first appear in retirement
Replies: 30
Views: 2868

Re: Costs that go down/away or go up/first appear in retirem

Interesting comment on kids in college.

I plan to retire at 50. At that point I will have a 22 yr old in college, and a 18 and 15 year old in HS.
by Bacchus01
Thu May 29, 2014 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Costs that go down/away or go up/first appear in retirement
Replies: 30
Views: 2868

Re: How to buy a house?

Point of comparison. We were approved for $2M. We bought a house for $490K. Moral of the story is buy the cheapest house in the best neighborhood that meets your needs. The other added costs that you don't anticipate (many mentioned above) will eat into your savings in a hurry. Also, there is no suc...
by Bacchus01
Thu May 29, 2014 2:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to buy a house?
Replies: 30
Views: 2599

Re: Poll: Are you going to retire? And if so, when?

My fancy spreadsheet says I can retire in 5 years at age 45.

My fancy spreadsheet also tells me I will retire at age 50 with $10M. I think that'll be enough.

I hope that spreadsheet is right.
by Bacchus01
Thu May 29, 2014 10:49 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Are you going to retire? And if so, when?
Replies: 49
Views: 4950

Re: Thinking of buying a 1974 Corvette

1974 is not a desirable year right now. 70-73 are, but 74 is not. If the body/paint is in very good condition, it might be worth $8K. Otherwise, don't touch it. Body/paint on a car like that will run you $15-$20K and will never be worth it. I collect and restore cars and I win some and lose some. I'...
by Bacchus01
Thu May 29, 2014 10:43 am
 
Forum: Personal Consumer Issues
Topic: Thinking of buying a 1974 Corvette
Replies: 22
Views: 1465

Re: High Earners - What's Your Profession?

President of a $500m division of a private megacorp.
by Bacchus01
Thu May 29, 2014 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28315

Re: Moving 1.5 bedrooms 400 miles

Sell and buy new/used at the new location.

The cost to pack/ship used to be about $1/lb. It's gone up. Weigh your stuff. Is that item worth $1/lb to ship versus what you could sell and buy a new/used item for on the other end?
by Bacchus01
Thu May 29, 2014 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Moving 1.5 bedrooms 400 miles
Replies: 19
Views: 1054

Re: running shoes for a severe overpronator(flatfoot)

For me, I've had custom orthotics. I hated them for running. They are too thick and heavy.

I wear superfeet green in neutral running shoes (Nike Pegasus). They are lighter and less bulky than the customs and do the job. I log 40 miles per week with them.
by Bacchus01
Thu May 29, 2014 10:36 am
 
Forum: Personal Consumer Issues
Topic: running shoes for a severe overpronator(flatfoot)
Replies: 45
Views: 2814

Re: How many of you negotiated benefits with a new job?

I negotiate every time. Every time. I almost always tell them right up front "this is what I want." They always come back with something a bit lower. I remind them that I said "this is what I want." and I usually end up 99% of the way there. Look at your total comp. Like above, s...
by Bacchus01
Tue May 27, 2014 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: How many of you negotiated benefits with a new job?
Replies: 25
Views: 2458

Re: How much house should I buy? (young person with many ass

At 25, those assets seem like a lot. They aren't. Not when you are 40 years of inflation away from retirement. Pulling funds from there will be just about the most disastrous financial decision you could make. Save until you have a down payment. I would rent. You also haven't accounted for the fact ...
by Bacchus01
Thu May 22, 2014 8:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much house should I buy? (young person with many assets)
Replies: 71
Views: 5499

Re: Monthly Budget Comparison

Do you not pay property tax? I don't see it in there. Without slicing it out, our expenses for a family of 5 are about $2,000 per person per month. That includes two homes, one brand new luxury SUV with a loan, and very active kids. Our food bill is about $1600 total per month. I think your food bil...
by Bacchus01
Wed May 21, 2014 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Monthly Budget Comparison
Replies: 86
Views: 4659

Re: 31 yr old w/ $500k @ EdwardJones

Wow. Best thing I did was take a day during Christmas holiday in 2012. I read every single Wiki article. The next day I wrote a plan and reviewed with my wife. On the third day I out the plan in motion. It probably took me most if 2013 to execute the plan, but we are now there and I not only learned...
by Bacchus01
Wed May 21, 2014 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: 31 yr old w/ $500k @ EdwardJones
Replies: 52
Views: 9304

Re: 2600 days of every dollar tracked

Interesting. I do this in Quicken. Not that level, but close. Everything goes in a credit card paid each month or direct pay from Ally Bank. I probably spend 15 minutes a month reconciling things. I would suggest getting a software package like Quicken or mint. The ROI on your time is pretty high. U...
by Bacchus01
Wed May 21, 2014 8:01 am
 
Forum: Investing - Help with Personal Investments
Topic: 2600 days of every dollar tracked
Replies: 68
Views: 6004

Re: When did you tell your children how much you had amassed

Did you tell your parents your net worth?

Why would you tell your kids?
by Bacchus01
Sat May 17, 2014 11:37 am
 
Forum: Investing - Help with Personal Investments
Topic: When did you tell your children how much you had amassed
Replies: 135
Views: 10924
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