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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: 1322

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: 870

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: 1285

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: 132
Views: 10008

Re: boglehead workout

P90X3

Period
by Bacchus01
Sun Jan 11, 2015 9:10 pm
 
Forum: Personal Consumer Issues
Topic: boglehead workout
Replies: 39
Views: 4536

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: 3626

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: 4009

Re: 0.5% Refi Worthwhile?

A no-cost refi to gain .5%? Is there REALLY no additional cost?

Then i'd say yes.

I always refi if the payback is less than 12 months. This looks like you should be fine. Keep paying more if you want, but having the flexibility to pay less is always nice to have.
by Bacchus01
Wed Jan 07, 2015 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: 0.5% Refi Worthwhile?
Replies: 17
Views: 1022

Re: New Vanguard AMT-free National Municipal Bond Fund

Educate me here. Why is this a big deal? Who is this targeted at? Who benefits the most? Why should I or should I not buy this fund?
by Bacchus01
Tue Jan 06, 2015 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: New Vanguard AMT-free National Municipal Bond Fund
Replies: 58
Views: 5045

Re: Let's Celebtate! Which funds are you buying in 2015?

Noobvestor wrote:Last year was a lot of Emerging Markets and some Total International - looks like this year is a lot of Total International and maybe some Emerging Markets.

:sharebeer

This.

Although I TLH total international, so it'll FTSE minus US for a while.
by Bacchus01
Tue Jan 06, 2015 2:01 pm
 
Forum: Investing - Theory, News & General
Topic: Let's Celebrate! Which funds are you buying in 2015?
Replies: 48
Views: 3600

What is your trigger to TLH?

Some people just do it at the end of the year to clean up. Some people do it based on a dollar amount. Some people just do it whenever they have any loss at all.

What's your approach? I harvested about $1500 on 12/22. I could do another $1500 or so today. Debating whether to pull the trigger.
by Bacchus01
Tue Jan 06, 2015 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your trigger to TLH?
Replies: 4
Views: 417

Re: Tax loss harvesting international with frequent buys

But can't keep the shares bought on 12/31, right? Or it's a wash sale? Trying to understand the "bought 30 days prior" rule. If I bought TSM on 12/22, and have other positions bought prior to that, I can't sell today for a TLH unless I sell all of it or wait until 1/23 to sell that positio...
by Bacchus01
Tue Jan 06, 2015 6:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting international with frequent buys
Replies: 4
Views: 708

Re: 529 beneficiary change

So, if I read that right, I can open a 529 with me as the beneficiary, accumulate say $60k in it, and change the beneficiary to one of my children with no tax implications including gift tax issues?
by Bacchus01
Sat Jan 03, 2015 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 beneficiary change
Replies: 12
Views: 1047

Re: Should I even be in bonds?

I'm 41 and DW is 46. Except for real estate holdings, and emergency/cash fund (which is in equal parts cash/CDs/ST Corporate Bond fund), the rest is in equities. Equity mix is 60/20/20 (Large Cap, International, Small/Mid Cap). I was not phased by 2008. I will likely never own more than 20% bonds/ca...
by Bacchus01
Sat Jan 03, 2015 12:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I even be in bonds?
Replies: 40
Views: 3667

Re: Today is a Good Day to fund the 2015 IRA

Thanks for the reminder. We need to do our IRA to backdoor Roth conversions. So what funds did you kids purchase? Our IRAs go into Vanguard Extended Market Our HSAa are in stable value funds, but will move to Vanguard S&P this year Our 529s go into aggressive age-based funds for each child and ...
by Bacchus01
Fri Jan 02, 2015 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Today is a Good Day to fund the 2015 IRA
Replies: 69
Views: 8118

Re: Today is a Good Day to fund the 2015 IRA

My Jan 1 activity, after watching my Badgers beat Auburn, was to fund our 2015 IRAs, our 2015 529s and our 2015 HSA. ~$33K moved to new accts.
by Bacchus01
Fri Jan 02, 2015 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Today is a Good Day to fund the 2015 IRA
Replies: 69
Views: 8118

Re: [Annual POLL] What was your 2014 return?

I don't look at my investment returns, so I didn't answer the poll. I do look at net worth accumulation. Bout increase in net worth was 13.2% in 2014. This was below my target of 15% per annum in order to retire at 50. I believe it's important to look at this in totality inclusive of investment retu...
by Bacchus01
Fri Jan 02, 2015 2:27 pm
 
Forum: Investing - Theory, News & General
Topic: [Annual POLL] What was your 2014 return?
Replies: 144
Views: 14173

Re: Am I on the right track to being financially wealthy?

You're doing well saving and some good advice in here about cutting costs and managing debt. The biggest issue here is your income. For a college educated person from a very good state school, 45K at age 30 is a poor income level. Work on getting further education and certifications, and then withi...
by Bacchus01
Tue Dec 30, 2014 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track to being financially wealthy?
Replies: 51
Views: 9819

Re: Best Online Savings bank

It used to be that the online banks had better rates and better interface. The rate difference is now negligible and now most brick and mortar banks are as good at the interface. A few things to consider - ATM fees. Ally does not charge a fee for ATM transactions and reimbursed you for fees paid to ...
by Bacchus01
Tue Dec 30, 2014 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Best Online Savings bank
Replies: 50
Views: 7428

Re: Am I on the right track to being financially wealthy?

You're doing well saving and some good advice in here about cutting costs and managing debt. The biggest issue here is your income. For a college educated person from a very good state school, 45K at age 30 is a poor income level. Work on getting further education and certifications, and then within...
by Bacchus01
Mon Dec 29, 2014 8:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track to being financially wealthy?
Replies: 51
Views: 9819

Re: Bonus how much do you spend vs save?

Bonus has typically been high 5 figures net of taxes and a few 6 figures. 100% has gone to savings. March I expect more than $150K. It will all go to savings.

Retire by 50 is a big goal.
by Bacchus01
Sun Dec 28, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Bonus how much do you spend vs save?
Replies: 50
Views: 4906

Re: What price are you planning to pay for your next car?

I want my next to be a CPO 6 series sedan. Probably 65K
by Bacchus01
Fri Dec 26, 2014 4:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: What price are you planning to pay for your next car?
Replies: 91
Views: 6983

Re: Cost to ship a car

Go to uship.com I've used it about 5 times to ship new cars, classic cars, and motorcycles. Even a dog. Never a bad experience and always worth the money. Beware Uship is a lowest bid broker. They are not a shipping company. A shipper can lowball bid, get the job, find a better job and simply never...
by Bacchus01
Tue Dec 23, 2014 10:43 pm
 
Forum: Personal Consumer Issues
Topic: Cost to ship a car
Replies: 19
Views: 1989

Re: How much notice to give prior to Retirement ?

I would say 3 months min. My employment contract says 6 months. But, they are required to give me 6 months notice as well and I have a guaranteed 6 month severance that runs sequential. I get a minimum of a year if let go. I'd give them 3-12 months notice if it was me. Most companies will treat you ...
by Bacchus01
Tue Dec 23, 2014 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much notice to give prior to Retirement ?
Replies: 62
Views: 4557

Re: Lost $'000s for failing to do a HSA !

You shouldn't look at the deductible. What's the out of pocket max for each plan?
by Bacchus01
Tue Dec 23, 2014 10:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lost $'000s for failing to do a HSA !
Replies: 23
Views: 3177

Re: Lost almost $10,000s for failing to do a HSA !

I don't understand your math or how you got to it. Simple - just straight arithmetic with the categories. Savings are premiums, lower taxes. Expenses are increased deductibles. I'm sorry, but your math is wrong. Your premiums go down, that's a savings. Your max charges go up, that's a loss. You sho...
by Bacchus01
Tue Dec 23, 2014 10:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lost $'000s for failing to do a HSA !
Replies: 23
Views: 3177

Re: POLL: What are your monthly food expenses?

Ours seems consistent with others. Right at 250 per person for family of 5. This excludes dining out and probably includes toiletries.
by Bacchus01
Tue Dec 23, 2014 10:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: What are your monthly food expenses?
Replies: 67
Views: 4882

Re: Lost almost $10,000s for failing to do a HSA !

I don't understand your math or how you got to it.
by Bacchus01
Tue Dec 23, 2014 10:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lost $'000s for failing to do a HSA !
Replies: 23
Views: 3177

Re: Car & Car Loan in both names or just one?

Check your state laws. In most states if the title states AND then you need both signatures to transact and in the case of one person dying, the other had extra hurdles to jump through. If it says OR, them either can transact.

We always put both and always use OR
by Bacchus01
Tue Dec 23, 2014 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car & Car Loan in both names or just one?
Replies: 12
Views: 927

Re: Strategies to withdraw 529 lump-sum money

Another option is to not withdraw at all and consider it a multi-generational education trust. I expect to continue to invest in a 529 for the rest of our lives for ourselves, our children, and then eventually our grandchildren and so on. As long as we get the state tax deduction and withdraws are n...
by Bacchus01
Tue Dec 23, 2014 10:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Strategies to withdraw 529 lump-sum money
Replies: 25
Views: 1687

Re: What % of net worth is your home?

I don't consider my home as part of my net worth. No idea what it would sell for, regardless of its assessed value, at some point in the future, or how long it would take to sell, plus it's going to be under water eventually since it's near the coast. It saves me paying rent, but I pay more in prop...
by Bacchus01
Tue Dec 23, 2014 12:57 am
 
Forum: Personal Finance (Not Investing)
Topic: What % of net worth is your home?
Replies: 127
Views: 10989

Re: What % of net worth is your home?

Main house: 10%
Second house: 2%

That's equity, not total value. I don't understand why you would use resale value as that's not what goes into your net worth.
by Bacchus01
Tue Dec 23, 2014 12:04 am
 
Forum: Personal Finance (Not Investing)
Topic: What % of net worth is your home?
Replies: 127
Views: 10989

Re: Cost to ship a car

Go to uship.com

I've used it about 5 times to ship new cars, classic cars, and motorcycles. Even a dog.

Never a bad experience and always worth the money.
by Bacchus01
Tue Dec 23, 2014 12:02 am
 
Forum: Personal Consumer Issues
Topic: Cost to ship a car
Replies: 19
Views: 1989

Re: What to do with 5M?

Hey all, So here's my current plan. I'm about to pull the trigger on moving almost $2M into Vanguard under the following allocations: - 42% Total US Stock Market [VTSAX] - 18% Total International Stock Market [VTIAX] - 40% Intermediate-Term Muni Bond Market [VWIUX] I'm trying to keep things as simp...
by Bacchus01
Mon Dec 22, 2014 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with 5M?
Replies: 42
Views: 5658

Re: TLH: Use ETF to gauge fund close?

Thank you. To be more specific, I am looking to TLH VTIAX. I am watching VXUS today to determine trend. I'm not going to sell anything that is right on the line, but I still would like to sell on a day when I think it's going down. I'm seeing VXUS down .29% right now (2:01PM CST). Was today a divide...
by Bacchus01
Mon Dec 22, 2014 3:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: TLH: Use ETF to gauge fund close?
Replies: 7
Views: 600

Re: Do Companies Index Their Profits?

Do companies index their profits? You hear about companies like Apple hoarding loads of cash. Why don't they set up something like a 3-fund portfolio (e.g. total stock market index, bonds, etc.)? Do they believe they can invest that cash internally and generate a greater return with new products th...
by Bacchus01
Mon Dec 22, 2014 2:01 pm
 
Forum: Investing - Theory, News & General
Topic: Do Companies Index Their Profits?
Replies: 15
Views: 1253

TLH: Use ETF to gauge fund close?

I'm looking to do some TLH on VGD Total International. Given the volatility lately, I'd hate to execute a sell and then see it close higher. Is the ETF version of this fund a good indicator on where the fund will be priced at the end of the day? That is, if the ETF is down, is it an indicator that t...
by Bacchus01
Mon Dec 22, 2014 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: TLH: Use ETF to gauge fund close?
Replies: 7
Views: 600

Re: Use 529 for Family Education Fund?

In a recent 529 thread, a commenter Blue wrote: We view our 529's as a subset of our portfolio that is aimed for long term financial support of a multigenerational emphasis on higher education that we hope to cultivate for our descendants. Anything not used by our kids for their education hopefully...
by Bacchus01
Mon Dec 08, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Use 529 for Family Education Fund?
Replies: 3
Views: 551

Re: New Car: Pay cash or take loan at 1.49%

The flexibility of having the cash available is worth the extra transaction costs. Plus, the likelihood you can earn above 2% pre-tax investment returns is high.

Money is too cheap right now not to leverage. Just don't use that as an excuse to buy more than you would have bought without financing.
by Bacchus01
Mon Dec 08, 2014 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Car: Pay cash or take loan at 1.49%
Replies: 23
Views: 2689

Re: What Book Are You Currently Reading? Part VI

I'd love recommendations on modern Sci-Fi. Something in the last 5 years or so. Not fantasy fiction, but real science fiction.
by Bacchus01
Sat Nov 29, 2014 10:19 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 442
Views: 57413

Re: When do you feel comfortable financially to have kids?

Never thought about it. Wouldn't have done it any different. Started having kids when we made about 1/10th of what I make now. Felt richer than than I do now.
by Bacchus01
Sat Nov 29, 2014 10:15 am
 
Forum: Personal Consumer Issues
Topic: When do you feel comfortable financially to have kids?
Replies: 59
Views: 4468

Re: Paying my parents a salary not to touch their nest egg

Not sure it's a terrible idea, but you'd have to run a lot if scenarios and make a lot if long term assumptions on tax rates, especially inheritance taxes.

I'd also be concerned that your financials are not in order yet. Long way to go.

Your parents should look into trusts.
by Bacchus01
Wed Nov 26, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying my parents a salary not to touch their nest egg
Replies: 50
Views: 4490

Re: Who to Use: CPA, Financial Advisor, Someone Else?

I love these threads. People ask for advice and then spend most of the timing ignoring or arguing against the advice. The main question was who to use to do a review and checkup. The overwhelming advice was the "other" category of do it yourself. Is suggest getting a plan out together, the...
by Bacchus01
Thu Nov 20, 2014 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Who to Use: CPA, Financial Advisor, Someone Else?
Replies: 65
Views: 7122

Re: Who to Use: CPA, Financial Advisor, Someone Else?

401k contributions do not reduce your SS earnings. As for an advisor, I'll let others comment. I was in a similar spot about 2 years ago. We just had to much in too many places poorly managed. Instead of an advisor, I took 2 days over holiday vacation and read every single Wiki on this board. I then...
by Bacchus01
Wed Nov 19, 2014 10:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Who to Use: CPA, Financial Advisor, Someone Else?
Replies: 65
Views: 7122

Re: When do your account returns dwarf your contributions?

This is a tough one. The more I make, the more I save. I would say that in 2014 my contributions have been about $62K and my returns have been about $97K. Does one dwarf the other? I guess maybe 1.5X is dwarfing, but I'd say neither is where I'd like them to be. 2015 will look like contributions of ...
by Bacchus01
Tue Nov 18, 2014 5:57 pm
 
Forum: Investing - Theory, News & General
Topic: When do your account returns dwarf your contributions?
Replies: 51
Views: 7791

Re: Heads up best reward credit card I've seen.

I would love for someone to come up with a program that you can plug all your expenditures into and it would tell you which cards to use for what. I don't know how I'd do that on my own. For the groceries, one of the issues is that they don't usually recognize Wal Mart as a grocery store and therefo...
by Bacchus01
Tue Nov 18, 2014 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Heads up one of the better reward credit card I've seen.
Replies: 54
Views: 11154

Re: Parents can be forced to pay college tuition in NJ?

She's 21. There is nothing "ethical" at all about this court ruling. They have no "requirement" to give here this money. This is a ridiculous, frivolous case. As a parent, you have a responsibility to do everything in your ability to make your child a productive member of societ...
by Bacchus01
Fri Nov 14, 2014 2:52 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1994

Re: Parents can be forced to pay college tuition in NJ?

She's 21.

There is nothing "ethical" at all about this court ruling. They have no "requirement" to give here this money.

This is a ridiculous, frivolous case.
by Bacchus01
Fri Nov 14, 2014 11:38 am
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1994

Re: Real estate as my "million dollar idea"

Your FIL manages 30 properties and grosses ~$324K a year? His investment is around $1M. I don't see the path to Millions and Millions (which was your original statement). Are you going to manage 100 properties? Other than a potential "million dollar idea" or breakthrough development/produ...
by Bacchus01
Wed Nov 12, 2014 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real estate as my "million dollar idea"
Replies: 78
Views: 7938

Re: Real estate as my "million dollar idea"

Your FIL manages 30 properties and grosses ~$324K a year? His investment is around $1M.

I don't see the path to Millions and Millions (which was your original statement). Are you going to manage 100 properties?
by Bacchus01
Wed Nov 12, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real estate as my "million dollar idea"
Replies: 78
Views: 7938
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