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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: 17
Views: 1444

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: 72
Views: 2814

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: 576

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: 4483

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: 1191

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: 27
Views: 2914

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: 4483

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: 509

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: 509

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: 509

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: 2235

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: 3137

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: 7620

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: 1848

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: 605

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: 671

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: 1820

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: 1357

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: 883

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: 1297

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: 11968

Re: boglehead workout

P90X3

Period
by Bacchus01
Sun Jan 11, 2015 9:10 pm
 
Forum: Personal Consumer Issues
Topic: boglehead workout
Replies: 39
Views: 4595

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: 3652

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: 4034

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: 1039

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: 79
Views: 7084

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: 3633

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: 421

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: 711

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: 1061

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: 3702

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: 8150

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: 8150

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: 14401

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: 9850

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: 7816

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: 9850

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: 4951

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: 7028

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: 2004

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: 4595

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: 3186

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: 3186

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: 4910

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: 3186

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: 948

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: 1725

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: 11106
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