Search found 608 matches

by Bacchus01
Thu Jul 02, 2015 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a Job Offer
Replies: 33
Views: 2885

Re: Negotiating a Job Offer

My reasoning behind the $110k number is that I've been given the behind-the-scenes nod from my current employer that I'll be getting a promotion effective October 1st. I don't yet know what the raise will include, but I'm expecting a bump of 20-25% due to a previous promotion experience and water-c...
by Bacchus01
Thu Jul 02, 2015 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a Job Offer
Replies: 33
Views: 2885

Re: Negotiating a Job Offer

Personally, I would be honest with them and say your current employer is preparing an offer of $105k, and that you would really need at least $120k for the move to be worth it. I had a great conversation yesterday afternoon with the Principal/Partner of the group I'm being hired in to. Very down to...
by Bacchus01
Thu Jul 02, 2015 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Financial Support for Parents
Replies: 36
Views: 3347

Re: Financial Support for Parents

When you have a large family, actually helping mom and dad can become very political. My wife has 10 siblings. My in laws were in a tough spot and were looking at reverse mortgages. When I sat them down and walked them through the math, they were kind of surprised with the actual transaction. They ...
by Bacchus01
Wed Jul 01, 2015 8:46 pm
Forum: Investing - Theory, News & General
Topic: Am I in a Bad Position?
Replies: 26
Views: 2958

Re: Am I in a Bad Position?

See, here we are just a few days later and the world is a better place. Not really, but you get the point.

Stay the course.
by Bacchus01
Wed Jul 01, 2015 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a Job Offer
Replies: 33
Views: 2885

Re: Negotiating a Job Offer

It's the hottest labor market in 10+ years. You have all the leverage. Get what you want, within reason, or walk. If you are good, your phone will keep ringing.
by Bacchus01
Wed Jul 01, 2015 4:52 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 359
Views: 44970

Re: What are you up YTD?

9.0% YTD. That includes contributions though. About half contributions and half growth, so around 4.5%.
by Bacchus01
Tue Jun 30, 2015 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a Job Offer
Replies: 33
Views: 2885

Re: Negotiating a Job Offer

A couple pointers, take them or leave them. Be clear that you set salary expectations up front and any variation from that should come in other ways. That's legit and a signing bonus, 6/12 month review cycle, etc. are all ways that they can negotiate and get you back. I think that's fair on their pa...
by Bacchus01
Tue Jun 30, 2015 9:00 am
Forum: Investing - Theory, News & General
Topic: Am I in a Bad Position?
Replies: 26
Views: 2958

Re: Am I in a Bad Position?

Don't even pay any attention to it. My portfolio dropped about $50K yesterday. Does that make you feel better? But then the market is up today and I bought yesterday, so by Friday I'll probably forget the day even happened, and certainly 20-30 years from now I won't remember yesterday at all. Some w...
by Bacchus01
Mon Jun 29, 2015 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Financial Support for Parents
Replies: 36
Views: 3347

Re: Financial Support for Parents

When you have a large family, actually helping mom and dad can become very political. My wife has 10 siblings. My in laws were in a tough spot and were looking at reverse mortgages. When I sat them down and walked them through the math, they were kind of surprised with the actual transaction. They c...
by Bacchus01
Mon Jun 29, 2015 9:49 am
Forum: Personal Consumer Issues
Topic: Caribbean vacation recommendations
Replies: 32
Views: 2585

Re: Caribbean vacation recommendations

Along the same lines, any suggestions for an all-inclusive, with 3 boys ages 14, 10, and 7, for wife and I in Carribean around Christmas?
by Bacchus01
Mon Jun 29, 2015 9:09 am
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 8932

Re: dow futures down 200+ points

If it's a RBD, then a great time to TLH.

I had dividend distributions last week from Total Stock and Total International. I put in a buy order this morning for Small Cap to help rebalance back to target AA.
by Bacchus01
Mon Jun 29, 2015 9:02 am
Forum: Personal Finance (Not Investing)
Topic: What's your net worth break down? What's ideal?
Replies: 44
Views: 6353

Re: What's your net worth break down? What's ideal?

Don't know what ideal is, but here's ours. Age: mid-40's.

Tax Preferred: (49%)
401K accounts: 39%
529 accounts: 4%
HSA accounts: 1%
Roth IRAs: 5%

Taxable: (51%)
Real Estate Equity: 13%
Vanguard Funds: 33%
Cash: 5%

Plus, should have 2 pensions coming at 65+.
by Bacchus01
Fri Jun 26, 2015 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Would you move your 401k to new employer?
Replies: 10
Views: 1004

Re: Would you move your 401k to new employer?

I have ones with old employers. I have 3 of them for myself and 2 for my wife. Why? Well in one, where the most money is, I have access to institutional class funds. The ERs are just too low to pass up. I keep that one instead of rolling into employer 2. Now I'm at employer 3, which has the highest ...
by Bacchus01
Thu Jun 25, 2015 9:44 am
Forum: Personal Finance (Not Investing)
Topic: funding roth ira for son
Replies: 16
Views: 2103

Re: funding roth ira for son

My oldest son is turning 14. He is expected to get a job, any job. Every dollar he earns we have committed to putting that same amount into his Roth IRA for him.

I will do that for all 3 of my kids and I will probably do that for their entire working career.
by Bacchus01
Thu Jun 25, 2015 9:41 am
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 246
Views: 15327

Re: What ratio are you stocks/bonds and how old are you?

Not only are Bogleheads' stock allocations higher than they were in 2009, they appear to be even higher now than they were in 2007, before the stock market meltdown (chart below) — based on the data linked to above by ruralavalon , from previous Boglehead polls on the same question. It's understand...
by Bacchus01
Thu Jun 25, 2015 5:31 am
Forum: Personal Consumer Issues
Topic: Just bought a new couch [0% interest on purchase]
Replies: 14
Views: 1200

Re: Just bought a new couch [0% interest on purchase]

I think most will say pay it off. What's the marginal value of your time each month to deal with the payment? On the other hand, I would not pay it off. I always take advantage of these deals. But when I do them, I immediately set it up to autopay each month and set it and forget it with equal payme...
by Bacchus01
Wed Jun 24, 2015 9:31 pm
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 217
Views: 19334

Re: What was the 2008 crash like in real time?

We are still in a precarious time. Are we still in the crash? No, but it is the most insecure secure time in most of our lives I think. Not in my Lifetime !.... When I was drafted during the Vietnam War, I was about 100 times more 'insecure' than I am today. I meant the financial markets of course....
by Bacchus01
Wed Jun 24, 2015 5:08 pm
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 217
Views: 19334

Re: What was the 2008 crash like in real time?

I guess its the cynic in me but most of the stories here imply things have significantly changed and we are in the clear. QE1, QE2, and QE3 have been applied over 7 years. Trillions added to the Fed balance sheet. Fed still can't raise interest rates. We are still in the 2008 crash. We have just be...
by Bacchus01
Wed Jun 24, 2015 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Stop funding Roth IRA
Replies: 23
Views: 2987

Re: Stop funding Roth IRA

I'm actually trying to envision a scenario where someone would stop contributing to a Roth, assuming all of their other retirement vehicles and tax vehicles are utilized (e.g. FSA, HSA, 529, pay off debt, etc.) and they have disposable earned income up to the maximum. Why stop?
by Bacchus01
Wed Jun 24, 2015 1:58 pm
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 217
Views: 19334

Re: What was the 2008 crash like in real time?

From an investing standpoint, I really didn't do anything different. Kept maxing my 401K. My options went from being worth about $500K to being worth aboug $5k, which really stung, but it was paper money. We didn't change our lifestyle, didn't really curb our spending, didn't change our investment s...
by Bacchus01
Tue Jun 23, 2015 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Work Relocation Opportunity
Replies: 11
Views: 1564

Re: Work Relocation Opportunity

As others have said, unless you plan to return to MD, or you can get a very good cash flow out of it (the numbers you mentioned are not great cash flow when taking vacancy and maintenance into account). The loss on the transaction costs being covered is a big number to keep up. Just straight math, i...
by Bacchus01
Fri Jun 19, 2015 5:11 am
Forum: Personal Consumer Issues
Topic: diesel luxury cars - any owners?
Replies: 11
Views: 1685

Re: diesel luxury cars - any owners?

I looked log and hard at a diesel for my latest BMW. In the end I got a 528. It is a twin turbo direct inject 2.0 litre four cylinder. It doesn't have the performance of the diesel or large gas options, but it's plenty quick in sport mode. I get consistent 31 mpg in 80/20 highway/city driving. My co...
by Bacchus01
Wed Jun 17, 2015 7:16 am
Forum: Investing - Help with Personal Investments
Topic: RSU vs Stock Options
Replies: 10
Views: 1056

Re: RSU vs Stock Options

There are also different tax consequences. Make sure you understand them for your specific situation.
by Bacchus01
Mon Jun 15, 2015 7:41 pm
Forum: Personal Consumer Issues
Topic: Retirement areas, not Florida
Replies: 67
Views: 7668

Re: Retirement areas, not Florida

I lived in the Charlotte area for 4 years. LOVED it.
by Bacchus01
Mon Jun 15, 2015 5:30 pm
Forum: Investing - Theory, News & General
Topic: Today wasn't a RBD (Really Bad Day)!
Replies: 28
Views: 5006

Re: Today wasn't an RBD (Really Bad Day)!

Just creates opportunities to TLH
by Bacchus01
Mon Jun 15, 2015 9:27 am
Forum: Personal Finance (Not Investing)
Topic: One cent over on HSA, now what?
Replies: 27
Views: 3942

Re: One cent over on HSA, now what?

Same thing happened to me! I was only eligible for HSA 5 months of last year, so my limit isn't a round 3050 anyway. It's reassuring that this isn't a big deal. The amount you can contribute is not prorated based on your time in plan. You are eligible to contribute the entire amount. The only way y...
by Bacchus01
Mon Jun 15, 2015 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Transfer of wealth to kids
Replies: 87
Views: 10343

Re: Transfer of wealth to kids

It's $5M per person, right? So my wife and I could give each of our 3 sons $5M each for a total of $30M? If they were married, could we give each of their spouses the same for a total of $60M? if you have this kind of money, i don't think you should be asking on Bogleheads. What a truly ignorant co...
by Bacchus01
Mon Jun 15, 2015 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 226
Views: 48916

Re: Share your networth progression

I have 12 months more to work until retirement....Hey Hey!!! How is 2.4 million not enough to retire now?? Wouldn't even be close. We're in our 40s with 3 kids still at home planning to go to college some day. At a 3% wdrawl rate, we'd need $4M+ for our current expense rate. Could we cut spending? ...
by Bacchus01
Mon Jun 15, 2015 9:13 am
Forum: Personal Consumer Issues
Topic: Coffee - just starting out
Replies: 43
Views: 5302

Re: Coffee - just starting out

That brew you mention sounds like a LOT of calories.
by Bacchus01
Mon Jun 08, 2015 6:40 am
Forum: Personal Consumer Issues
Topic: Buying Used Car on eBay
Replies: 27
Views: 2463

Re: Buying Used Car on eBay

I've bought two cars and a motorcycle from eBay. A late model BMW and F150 and a newer Ducati. Bought sight unseen. Shipped through uShip. Never a problem.

That said, eBay is flooded by dealers and frankly local dealers are just as good if you are patient
by Bacchus01
Sun Jun 07, 2015 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer of wealth to kids
Replies: 87
Views: 10343

Re: Transfer of wealth to kids

It's $5M per person, right? So my wife and I could give each of our 3 sons $5M each for a total of $30M? If they were married, could we give each of their spouses the same for a total of $60M? if you have this kind of money, i don't think you should be asking on Bogleheads. What a truly ignorant co...
by Bacchus01
Tue Jun 02, 2015 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 74
Views: 12706

Re: Time to reach 1M and 2M milestones

Graduated college 1997 without a dime. Hit $1M in 2008. Slid below it until 2011 due to ththe crisis. Thus, hit first in 11 years. Hit second in 2015, or another 7 years. Expect to hit 3 in 3 more and 4 in 5 more from today. That would make us 46 to get to 4. From there it's about 12-18 months for e...
by Bacchus01
Tue Jun 02, 2015 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer of wealth to kids
Replies: 87
Views: 10343

Re: Transfer of wealth to kids

It's $5M per person, right?

So my wife and I could give each of our 3 sons $5M each for a total of $30M?

If they were married, could we give each of their spouses the same for a total of $60M?
by Bacchus01
Sun May 31, 2015 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 11746

Re: Your opinion on realistic income to live in a $1 million home?

Wow, lots of assumptions for the million dollar home. I'm about to buy an $800,000 home. It's in metro Boston but there is no ritzy neighborhood, just a nice piece of land in the middle of a nice town with good schools.. No plans for new cars (exact opposite). I'm not buying much new furniture- and...
by Bacchus01
Sun May 31, 2015 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Valuing Farm Land
Replies: 3
Views: 454

Valuing Farm Land

I realize this is an alternative investment that bogle heads may not promote, but I'm interested in how you value farm land. I am looking at an 80 acre piece of land where 72 of it is leased farm land. Id like to buy it and build a shop on one piece and use about 10 acres for hobby while leading out...
by Bacchus01
Sun May 31, 2015 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 11746

Re: Your opinion on realistic income to live in a $1 million home?

Just as a reference, we are at the upper end of the range you list and our home is half the target you are looking for. While you say "it's a real dream" that doesn't make it not an immature dream. Focus less on the cost more on the things you want. Let that then dictate space. I have a th...
by Bacchus01
Sat May 30, 2015 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Home Equity as part of your Net Worth?
Replies: 25
Views: 2845

Re: Home Equity as part of your Net Worth?

I count it as part of our net worth. The equity value of our home is 10.5% of our net worth. I do not have a target. Our home is valued at about 1.2 times my annual salary. Mortgage and taxes are about 5.8% of our gross monthly income (including annualized bonuses). We could afford a LOT more house,...
by Bacchus01
Sun May 24, 2015 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Real cost of a Masters (in the US)
Replies: 39
Views: 3118

Re: Real cost of a Masters (in the US)

Just one word of caution. I see a lot of overeducated people with zero work experience in the business world. I think in STEM the reaction might be a bit different, but my reaction is to either pass them altogether, or to offer them at the same rate as a BA/BS student coming out. Without work experi...
by Bacchus01
Sun May 24, 2015 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Early Retirement (@50)?
Replies: 12
Views: 2137

Re: Portfolio Review - Early Retirement (@50)?

You don't mention pensions. Will you have one to draw from in the future? At 50, with two young kids and about to take out debt to basically buy a 300K house, I'd be quite uncomfortable with what you have saved to retire. That's about a 4% withdrawal rate (excluding wife's income) which is steep at ...
by Bacchus01
Sun May 24, 2015 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs Backdoor
Replies: 8
Views: 777

Re: Roth 401K vs Backdoor

Then we wouldn't be talking about 401ks and Roths, would we?
by Bacchus01
Sun May 24, 2015 8:22 am
Forum: Personal Consumer Issues
Topic: Building a guest house
Replies: 20
Views: 2047

Re: Building a guest house

$350 per sq ft is very high. What kind of posh pad is he building?
by Bacchus01
Sun May 24, 2015 8:17 am
Forum: Personal Finance (Not Investing)
Topic: One cent over on HSA, now what?
Replies: 27
Views: 3942

Re: One cent over on HSA, now what?

centrifuge41 wrote:Same thing happened to me! I was only eligible for HSA 5 months of last year, so my limit isn't a round 3050 anyway. It's reassuring that this isn't a big deal.


The amount you can contribute is not prorated based on your time in plan. You are eligible to contribute the entire amount.
by Bacchus01
Thu May 21, 2015 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 226
Views: 48916

Re: Share your networth progression

Our parents gave us many things including love, sheltered, moral values and an education through high school. After leaving home (me 18 years, DW 19 years) they gave us good advice only. Everything else we did ourselves, the two of us, working together day-after-day, year-after-year. I have always ...
by Bacchus01
Thu May 21, 2015 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 226
Views: 48916

Re: Share your networth progression

Just the last few years or so of good records measured at year end, or YTD for 2015 2006 $425 2007 $500 2008 $345 2009 $592 2010 $796 2011 $918 2012 $1,129 2013 $1,435 2014 $1,622 2015 $1,861 (projected $2M+ by end of year) Actually, back in late 2007/early 2008 I had a bunch of stock options vest a...
by Bacchus01
Thu May 21, 2015 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is 401k & IRA the only tax-advantaged instruments for salaried employees?
Replies: 1
Views: 237

Re: Is 401k & IRA the only tax-advantaged instruments for salaried employees?

HSA
FSA
Non qual deferred comp plan
Mega Backdoor Roth

Outside payroll
529s
Munis
Backdoor Roth
by Bacchus01
Thu May 21, 2015 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: homeowner vacancy insurance - yikes
Replies: 18
Views: 1406

Re: homeowner vacancy insurance - yikes

I went through this a few years ago. It can get very problematic. In my case, the insurance company would not cover it AT ALL. In fact, they cancelled the coverage. House was on the market for 1.5 years. That in itself was not the issue. The issue is that when they cancel your coverage, your mortgag...
by Bacchus01
Thu May 21, 2015 6:14 am
Forum: Personal Finance (Not Investing)
Topic: The exact math behind using 401k loan to pay down debt
Replies: 14
Views: 1500

Re: The exact math behind using 401k loan to pay down debt

Great thread. Never thought about doing this. I too have a 401K account that has crappy fees so I put it in the lowest cost fund, but that isn't really generated much of a return. Would you ever use this to take a loan on your 401K, put it into a lower-cost after-tax fund, then pay off your loan thr...
by Bacchus01
Thu May 21, 2015 6:09 am
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 80
Views: 7649

Re: Lexus vs. MB vs. BMW

I bought the Gen3 RX350 in Dec. 2009 - a 2010 model year. I now have nearly 145k miles on it, and have had to do nothing except regular maintenance...including 2 sets of tires, and dealer service, I've averaged about $2k in costs to maintain it each year. There is a Lexus forum that is likely to an...
by Bacchus01
Wed May 20, 2015 10:20 am
Forum: Investing - Help with Personal Investments
Topic: What to do with 5M?
Replies: 93
Views: 15857

Re: What to do with 5M?

Very interesting, thank you. I do not agree with the "if you've won, why keep playing?" approach. I personally take the approach that I would take an amount aside that I "need" to live on, and invest that more conservatively while putting the rest into more aggressive long range ...

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