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Re: Can I afford a $500,000 house?

Yes. I was at similar salary in 3010 and bought a house right at that number. Never a problem.
by Bacchus01
Fri Mar 27, 2015 7:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $500,000 house?
Replies: 41
Views: 4586

Re: Completed taxes, need to file new Fed & State W4

How much can you underpay before penalties? That's my goal.
by Bacchus01
Fri Mar 27, 2015 2:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Completed taxes, need to file new Fed & State W4
Replies: 10
Views: 673

Re: Can I afford a $1M house?

$1m house in $200k salary?

What am I missing? Heck no, but that's me.

I make 2.5X that and $500k works fine for me.
by Bacchus01
Thu Mar 26, 2015 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $1M house?
Replies: 65
Views: 6125

Re: Painting Cabinets and Trim

Everything will be degreased and sanded. Cohen 2 coats of primer and two coats of paint. Cabinets will be sprayed then antiquing applied by hand. The stair railing alone they said would take a 2-man crew a week. Staining top rail and painting rails and base. I appreciate the feedback. Lots of pros a...
by Bacchus01
Thu Mar 26, 2015 3:57 pm
 
Forum: Personal Consumer Issues
Topic: Painting Cabinets and Trim
Replies: 27
Views: 2081

Re: Painting Cabinets and Trim

Why buy new doors to paint when I already have doors to paint. I don't understand this argument.
by Bacchus01
Wed Mar 25, 2015 8:55 pm
 
Forum: Personal Consumer Issues
Topic: Painting Cabinets and Trim
Replies: 27
Views: 2081

Re: Painting Cabinets and Trim

I agree. Some of it I like as well. We've lived with it 5 years and wife wants it gone.

And this is a high end house. The wood is very high quality. It's not laminated or pine or cheap oak.

Pains me somewhat to cover it up, but I also don't care for the wood. At all.
by Bacchus01
Wed Mar 25, 2015 8:24 pm
 
Forum: Personal Consumer Issues
Topic: Painting Cabinets and Trim
Replies: 27
Views: 2081

Re: Painting Cabinets and Trim

That sounds crazy to me. We have wood trim and some parts I don't like, particularly the oak sections. But the windows look great as do the doors. The key for us was choosing proper colors to put on our walls as well as carpet (next time we replace), but we have been careful to make sure our rugs, ...
by Bacchus01
Wed Mar 25, 2015 7:21 pm
 
Forum: Personal Consumer Issues
Topic: Painting Cabinets and Trim
Replies: 27
Views: 2081

Re: Should I accept this Job Offer ?

Are you vested in the pension? If not, get vested. You will really think about this later. Few companies have them so every little bit will help.
by Bacchus01
Wed Mar 25, 2015 7:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I accept this Job Offer ?
Replies: 22
Views: 1940

Re: Painting Cabinets and Trim

Our cabinets are solid birch. Our kitchen is quite large, approx. 20 x 15 and has a very large center island as well as cabinets in the entryway. It is not a job I would do myself. Some of our trim we could do. We may do the baseboards and have them do the windows, door surrounds, and stain the door...
by Bacchus01
Wed Mar 25, 2015 7:18 pm
 
Forum: Personal Consumer Issues
Topic: Painting Cabinets and Trim
Replies: 27
Views: 2081

Re: Painting Cabinets and Trim

Good comments. Thanks. On the doors, we do plan to keep them stained, but will probably go darker, thus, money :) On the windows. I will admit that while wood windows look nice, they are a complete pain the ass to maintain. Last year we completely stripped, stained, and resealed about 30 window sash...
by Bacchus01
Wed Mar 25, 2015 4:44 pm
 
Forum: Personal Consumer Issues
Topic: Painting Cabinets and Trim
Replies: 27
Views: 2081

Re: Painting Cabinets and Trim

I am cringing at the thought of painting wood. That is definitely not something to everyone's taste. our cabinets had a lousy finish that was flaking off so we hired someone to paint them beige/antiqued. Perhaps what you are contemplating. She did a fabulous job and we love them. I know some folks ...
by Bacchus01
Wed Mar 25, 2015 1:54 pm
 
Forum: Personal Consumer Issues
Topic: Painting Cabinets and Trim
Replies: 27
Views: 2081

Re: non-compete question

You are going to a competitor, and regardless of territory I would expect your old company to take you to court. How would the former employer even find out? Seriously? That would be extremely easy. And when you don't give a name of the new company, they will be particularly suspicious and follow t...
by Bacchus01
Wed Mar 25, 2015 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: non-compete question
Replies: 23
Views: 2082

Painting Cabinets and Trim

Hello, I'm trying to see what others might have done with regards to painting kitchen cabinets and trim. Our house is 11 years old. The top two floors are 4 bed, 3 bath, and total about 3500 sq ft. The kitchen cabinets, doors, and all trim in the house are alder or birch throughout. Most of the floo...
by Bacchus01
Wed Mar 25, 2015 1:32 pm
 
Forum: Personal Consumer Issues
Topic: Painting Cabinets and Trim
Replies: 27
Views: 2081

Re: [Neighbor violating HOA rules by using] VBRO and Airbnb

I have no value to add other than I HATE HOAs.

They rarely do their job well and they tend to only pit neighbors against each other.

In this case it seems like it is working correctly.

The HOA, by the way, IS YOU! You are a homeowner. The HOA is the Homeowner's Association, is it not?
by Bacchus01
Tue Mar 24, 2015 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Neighbor violating HOA rules by using] VBRO and Airbnb
Replies: 38
Views: 3872

Re: Private Company Restricted Stock

Thanks for the reply. A few notes below If I had this opportunity, the first question I'd ask is: will your decision to purchase shares or not be a consideration that might affect your future prospects with the company ? Does it affect my future prospects? Probably not. However, I am one of about 20...
by Bacchus01
Wed Mar 11, 2015 8:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Private Company Restricted Stock
Replies: 6
Views: 536

Re: non-compete question

Hi Everyone, I work for a software company and am in field sales. I was required to sign a non-compete last year and I am looking to leave and potentially go to a competitor covering a completely different region. I'm currently selling in a completely different region (mid-west) and the new role wo...
by Bacchus01
Wed Mar 11, 2015 12:00 am
 
Forum: Personal Finance (Not Investing)
Topic: non-compete question
Replies: 23
Views: 2082

Re: My Penfed 5/5 ARM just adjusted down to 2.25%

My personal experience is that I've gone with ARMs the last 15 years, moving 3 times. I even had an interest-only (EGADS!) loan at one point. Why? Because I knew I was moving inside of 2 years and it was like paying rent because I had a guaranteed buyback arrangement in my relocation plan. No risk. ...
by Bacchus01
Tue Mar 10, 2015 10:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: My Penfed 5/5 ARM just adjusted down to 2.25%
Replies: 8
Views: 1298

Re: Evaluating new job offer and 401k plan

At 26, which for me was 15 years ago, I worked less for more money and had better benefits and equity than you, although not the net worth you have. That's just one data point. That said, if you want to do something new, go for it. I'm just not sure that financially where you are going is an improve...
by Bacchus01
Tue Mar 10, 2015 10:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Evaluating new job offer and 401k plan
Replies: 30
Views: 2402

Private Company Restricted Stock

As a Sr. Exec of a large private mega-corp, I have the opportunity to buy restricted stock in the company. This is a mega private company and only 75 people have this opportunity. I'm very aware of the "all the eggs in one basket" but I also think that I have room in my portfolio for a lit...
by Bacchus01
Tue Mar 10, 2015 10:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Private Company Restricted Stock
Replies: 6
Views: 536

Re: Internet/Smartphone Usage in China? Security?

I've traveled on 6 continents and many different countries, including China. I've never had any security issues with my electronics, ever.
by Bacchus01
Mon Mar 09, 2015 12:36 am
 
Forum: Personal Consumer Issues
Topic: Internet/Smartphone Usage in China? Security?
Replies: 7
Views: 485

Re: Home workouts and motivation

I'll second P90X. P90X3 is great for those without as much time, or not as intense.

However, none of these will work without the right diet. You HAVE to do both.
by Bacchus01
Mon Mar 09, 2015 12:35 am
 
Forum: Personal Consumer Issues
Topic: Home workouts and motivation
Replies: 60
Views: 2839

Re: Whether to Max Out HSA Before Wife Leaves Job

Unless you have an HDHP for the full year, it is not legal to max out the HSA for the full year. The contribution limit is really based pro-rated monthly. Please read the relevant IRS publications and tax forms and their instructions for further info. It appears you are only allowed 25% of the maxi...
by Bacchus01
Wed Mar 04, 2015 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whether to Max Out HSA Before Wife Leaves Job
Replies: 11
Views: 785

Re: What if you already have a couple million?

Most will probably tell you that once you've accumulated that much you should invest more conservatively to conserve wealth. I have the complete opposite view. Our long term "return" is still highest based on my earning potential and I could work another 25 years or more. I tend to look at...
by Bacchus01
Tue Mar 03, 2015 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: What if you already have a couple million?
Replies: 42
Views: 6572

Re: Real Estate - 2nd property

It's your call on whether you tell them that the condo is rented. You should tell them, as if you don't it is possible for them to call the loan. That is highly unlikely, but it is possible. Or, you simply say you are buying another primary residence and the condo will be a second/vacation home. The...
by Bacchus01
Tue Mar 03, 2015 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Real Estate - 2nd property
Replies: 10
Views: 1112

Re: HSA: spend or invest?

The only thing better than an HSA is a 401k company match.
by Bacchus01
Sat Feb 28, 2015 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: HSA: spend or invest?
Replies: 31
Views: 3303

Re: Do you consider mortgage payments as savings?

Do I consider it "savings"? No. Do I consider it as growing net worth? Absolutely.
by Bacchus01
Sat Feb 28, 2015 8:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20242

Re: Getting Australian Dollars

Whenever I travel internationally, I just use the ATM.

I've been to Sydney several times. I have never once gotten local currency. Not really needed as everyone accepts CC.
by Bacchus01
Sat Feb 28, 2015 8:47 am
 
Forum: Personal Consumer Issues
Topic: Getting Australian Dollars
Replies: 13
Views: 751

Re: Raise was only 2.44%?

Big raises typically only come with promotion or changing employers. I'm averaging 14% CAGR over the last 20 yrs
by Bacchus01
Fri Feb 27, 2015 7:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Raise was only 2.44%?
Replies: 49
Views: 4764

Re: How to hedge a 5/5 ARM?

I never refi if it doesn't pay back inside 2 years. A LOT can happen in that time.
by Bacchus01
Fri Feb 27, 2015 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to hedge a 5/5 ARM?
Replies: 20
Views: 1355

Re: I survived my initial performance improvement mtg. Now w

In 20 years of leading a large number of people, I have never seen a PIP end in anything other than the employee gone from the company. It is an admin CYA process only. Time to move on.
by Bacchus01
Fri Feb 27, 2015 7:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: I survived my initial performance improvement mtg. Now what?
Replies: 33
Views: 4560

Re: Raise was only 2.44%?

Avg here was around 2.8%
by Bacchus01
Fri Feb 27, 2015 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Raise was only 2.44%?
Replies: 49
Views: 4764

Re: YMCA 403b

No one has this plan?
by Bacchus01
Fri Feb 27, 2015 10:15 am
 
Forum: Personal Finance (Not Investing)
Topic: YMCA 403b
Replies: 7
Views: 562

Re: YMCA 403b

Thanks We are already doing a Back door Roth I already have an HSA fully funded The issue here is my wife isn't doing this for the money. She is a personal trainer and doing it because she likes it. However, she's essentially being taxed at the maximum marginal tax rate because of my income. She is ...
by Bacchus01
Wed Feb 25, 2015 6:14 am
 
Forum: Personal Finance (Not Investing)
Topic: YMCA 403b
Replies: 7
Views: 562

YMCA 403b

My wife has taken a PT job at the Y. They have a 403b at yretirement.org

Because of my income, we'd like 100% of her pay to go to it. Frankly, though, I don't see much about the plan. Does anyone have experience with this plan? What are the investment options? The local HR person is clueless.
by Bacchus01
Tue Feb 24, 2015 8:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: YMCA 403b
Replies: 7
Views: 562

Re: University of Phoenix

I have been looked at badly for this in the past, but the answer is almost always no. I would rather take someone with no degree that has experience. I just do not value UoP or other programs like it. At all.
by Bacchus01
Sat Feb 21, 2015 7:38 am
 
Forum: Personal Consumer Issues
Topic: University of Phoenix
Replies: 20
Views: 2413

Re: Should older workers omit graduation dates on resume?

Yes. If you are mid career or later the grad date isn't relevant anyway.

I've never put mine on, even early in my career. It has never once been a question except when they get to the background check, and that's a compliance issue not a hiring issue.
by Bacchus01
Fri Feb 20, 2015 7:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Should older workers omit graduation dates on resume?
Replies: 34
Views: 3332

Re: The 8x retirement savings rule

Not sure why income even matters, as said before. Expenses are what matters. But I'll play along. At 41, our savings are 6.2X my annual gross salary and 4.29X my annual gross salary/bonus. But since the bonus goes 100% into savings, I'm not sure that the first number isn't a better one. As for expen...
by Bacchus01
Thu Feb 19, 2015 1:44 pm
 
Forum: Investing - Theory, News & General
Topic: The 8x retirement savings rule
Replies: 83
Views: 8079

Re: 529 Lump Sum contribution for newborn

WI has a tax deduction up to first $3K. We put $3K per year for each of 3 kids plus wife and I, or $15K per year. We expect to continue to do this indefinitely. Once our kids are out of college we will use any excess to pass to our grandchildren some day. I expect to fund 3 generations worth of educ...
by Bacchus01
Sat Feb 14, 2015 8:27 am
 
Forum: Personal Finance (Not Investing)
Topic: 529 Lump Sum contribution for newborn
Replies: 31
Views: 2055

Re: Non-working spouse Roth IRA contribution

If over 50, you can do up to $6,500 per person per year.
by Bacchus01
Thu Feb 12, 2015 12:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non-working spouse Roth IRA contribution
Replies: 5
Views: 624

Re: Deferred Compensation

At my company, if you leave or retire before early retirement date, which is 55 and 10 yrs of service, you must take it as a lump sum. I struggle with participation as I know I would save a lot in taxes now, but I also do not anticipate working until 55. That would mean I'd take it all as a lot sum ...
by Bacchus01
Thu Feb 12, 2015 11:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Deferred Compensation
Replies: 9
Views: 700

Re: Father passed away/Getting taking advantaged of by inves

It seems like your gut is telling you to stay away.

Your gut is right.
by Bacchus01
Tue Feb 10, 2015 6:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Father passed away/Getting taking advantaged of by investor?
Replies: 17
Views: 1912

Re: Mortgage refinance: 15 year vs. 20 year vs. 30 year

What I usually do is calculate the ROI on refi costs using just the interest savings. If it's under a year, I refi. Your period might be longer, but I like less than a year so I know if I move I haven't lost out. That said, I also prefer. 30 yr mortgages. I'd rather have a 30 year and pay extra prin...
by Bacchus01
Fri Jan 16, 2015 6:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance: 15 year vs. 20 year vs. 30 year
Replies: 12
Views: 1397

Re: Refinance a 15 Yr fixed for .125% rate reduction?

If the payback is under a year, I always refinanced.

But, I'm at 2.125% on a 5-year ARM on principle residence and 2.25% on a 15-year fixed on the other. Not much room to go down from there!
by Bacchus01
Wed Jan 14, 2015 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance a 15 Yr fixed for .125% rate reduction?
Replies: 6
Views: 893

Re: Leaving job, 401k options

Another reason to keep it there is fees. You may be getting access to funds you might not otherwise get on the outside. For example, I have an old 401K I keep where it's at because I have access to institutional class shares with expense ratios of just .02%.
by Bacchus01
Wed Jan 14, 2015 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Leaving job, 401k options
Replies: 14
Views: 1309

Re: What is the international portion of your portfolio and

My IPS states that we should have 80% in equities and 20% of equities in International, for a total of 16% of the portfolio. I'm at the bottom end of a 5% band at just 11% and will look to build it up after I get past the TLH timeline. All of that international is in Vanguard Total International. I ...
by Bacchus01
Mon Jan 12, 2015 10:43 am
 
Forum: Investing - Theory, News & General
Topic: What is the international portion of your portfolio and why?
Replies: 140
Views: 12324

Re: boglehead workout

P90X3

Period
by Bacchus01
Sun Jan 11, 2015 9:10 pm
 
Forum: Personal Consumer Issues
Topic: boglehead workout
Replies: 39
Views: 4704

Re: If you were me, how much would your home budget be?

$500K.

But we make 2X that and I'm okay at $500K. We were at about your salary when we bought it.

Taxes make a big difference. We have a mortgage of 1500 a month, but taxes are another 800.
by Bacchus01
Sun Jan 11, 2015 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you were me, how much would your home budget be?
Replies: 36
Views: 3728

Re: If you were going to retire at 57 what would your number

For me it's $10M. But then, I'd give that same number for 40 or 70.

That's my number.
by Bacchus01
Sun Jan 11, 2015 1:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: If you were going to retire at 57 what would your number be?
Replies: 35
Views: 4084
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