Search found 630 matches

by Bacchus01
Fri Jul 31, 2015 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance - Buy House then Reverse Mortgage?
Replies: 11
Views: 623

Re: Inheritance - Buy House then Reverse Mortgage?

Buy her a house and rent it to her.
by Bacchus01
Wed Jul 29, 2015 8:21 am
Forum: Investing - Theory, News & General
Topic: Audit over backdoor Roth
Replies: 9
Views: 1411

Re: Audit over backdoor Roth

I've done it for several years along with the Mega Backdoor Roth from my 401K.

No audits.
by Bacchus01
Mon Jul 27, 2015 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Strategies
Replies: 8
Views: 581

Re: Tax Loss Harvesting Strategies

I've mentioned this strategy before: I wait for any of my losers to hint their bottoms, then I tax-loss harvest them. The idea is that the replacement shares will be at their low for the year, too, so that I will not have to sell them. I don't like to sell, then sell again, then sell again, then se...
by Bacchus01
Mon Jul 27, 2015 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Strategies
Replies: 8
Views: 581

Re: Tax Loss Harvesting Strategies

I did my first TLH ever today, as a matter of fact. I had about $1500 worth of losses between VTIAX (Vanguard Total International Stock Index Fund) and VEMAX (Vanguard Emerging Markets Stock Index Fund) in my taxable account that I figured was worth claiming. The losses will probably end up being b...
by Bacchus01
Mon Jul 27, 2015 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Strategies
Replies: 8
Views: 581

Tax Loss Harvesting Strategies

I'm curious what everyone's tax loss harvesting strategies are in the current market. Do you have a trigger amount that you are managing to, or are you just taking TLH whenever it presents itself? Or, are you not doing it at all and just riding it out?

I'm curious as to how others are facing this.
by Bacchus01
Fri Jul 24, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Is the entire Car Transport Industry this Shady? Need help in getting a reliable transport company...
Replies: 20
Views: 2444

Re: Is the entire Car Transport Industry this Shady? Need help in getting a reliable transport company...

I've honestly used Uship.com about 10 times without ever a problem. Shipped BMWs, Ducatis, classic cars, and even a dog. Please, don't stop there! How did this come about? :confused Needed to get a dog transported from East Coast to Midwest. Normal path would be to put him on a plane as the carrier...
by Bacchus01
Thu Jul 23, 2015 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is the entire Car Transport Industry this Shady? Need help in getting a reliable transport company...
Replies: 20
Views: 2444

Re: Is the entire Car Transport Industry this Shady? Need help in getting a reliable transport company...

I've honestly used Uship.com about 10 times without ever a problem. Shipped BMWs, Ducatis, classic cars, and even a dog.
by Bacchus01
Thu Jul 23, 2015 11:07 am
Forum: Personal Consumer Issues
Topic: Recommendations for gas grill
Replies: 63
Views: 4931

Re: Recommendations for gas grill

This thread pushed me over the edge and I purchased the Weber Genesis E310 last night. I was fed up with my Char-Broil grill, after having the burners replaced once under warranty, they went from a cast brass burner to a cast iron. The problem with their burner design is over time the holes enlarge...
by Bacchus01
Thu Jul 23, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a Job Offer
Replies: 41
Views: 5941

Re: Negotiating a Job Offer

The one part that really bugs me, and I guess this comes with the territory when you start dealing with these more prestigious Consulting firms, is that if I had gotten an MBA from one of their target schools, I'd be coming in at the Senior Consultant position and my signing bonus would have been a...
by Bacchus01
Thu Jul 23, 2015 11:02 am
Forum: Personal Finance (Not Investing)
Topic: What are your financial goals?
Replies: 41
Views: 4055

Re: What are your financial goals?

$10M

That's the only goal.
by Bacchus01
Mon Jul 20, 2015 11:56 am
Forum: Investing - Help with Personal Investments
Topic: 26 in California: Maxing out Roth IRA/401k, but what to do about HSA?
Replies: 19
Views: 2242

Re: 26 in California: Maxing out Roth IRA/401k, but what to do about HSA?

Do the math. The math will win. That said, a lot depends on your health. I can't remember going to the doctor once in my 20's. Had an HSA been available, I'd be socking away pre-tax dollars that I can later pay out and NOT pay any tax on them. Ever. There is no investment that I can think of that is...
by Bacchus01
Mon Jul 20, 2015 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Auto Div Reinvesting. Really so bad?
Replies: 33
Views: 3415

Re: Auto Div Reinvesting. Really so bad?

If it works for you, fine. I don't do it. I let them go to the sweep account and use those funds to re-balance. It doesn't often equal much, but it a bit easier each quarter. I also like to manage TLH in a volatile market, and not reinvesting opens your window. Remember you can't make a buy 30 days ...
by Bacchus01
Sun Jul 19, 2015 8:30 am
Forum: Personal Finance (Not Investing)
Topic: losing money on a house....how do Bogleheads deal with it emotionally?
Replies: 76
Views: 6021

Re: losing money on a house....how do Bogleheads deal with it emotionally?

I've been through this. I bought a house in the NE and then 12 months later took a relo to the mid Atlantic. Fortunately at that time I had an agreement with my employer to make me whole. House finally sold for $125k loss but I was while. Thankfully. Flash forward 4 years and I moved from there to t...
by Bacchus01
Sat Jul 18, 2015 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should severance be allowed to reduce emergency fund?
Replies: 23
Views: 2158

Re: Should severance be allowed to reduce emergency fund?

Unless you have an employment contract, you can't count on any severance.

I have a 6 month notifications requirement, with pay and bonus, plus 6 months severance at full pay. 1 year If I'm let go for any reason.
by Bacchus01
Tue Jul 14, 2015 12:12 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 466
Views: 65926

Re: What are you up YTD? [Year To Date]

About 9.5% now.
by Bacchus01
Tue Jul 14, 2015 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a Job Offer
Replies: 41
Views: 5941

Re: Negotiating a Job Offer

Just wondering, where did this end up?
by Bacchus01
Tue Jul 14, 2015 12:10 pm
Forum: Personal Consumer Issues
Topic: New car vs. "pre-owned certified" (both somewhat frequently)
Replies: 28
Views: 1662

Re: New car vs. "pre-owned certified" (both somewhat frequently)

I recommend reading the fine print on what the CPO warranty covers. It was pointed out here on Bogleheads that the BMW CPO warranty has a full page of what is not covered. I'm not a mechanic, but I can't think of much that *is* covered after reading through the list. Really? I get the full factory ...
by Bacchus01
Mon Jul 13, 2015 9:14 am
Forum: Investing - Help with Personal Investments
Topic: 29, relatively high income, seriously considering early retirement
Replies: 42
Views: 7286

Re: 29, relatively high income, seriously considering early retirement

Current Expenses ~$1,800 a month, but will go down to ~$1,100 after the last house payment. That sounds unrealistically low, it would be good to track this carefully and make sure that that it includes a budget for home repairs, car replacement, etc. If you are happy with that lifestyle that is gre...
by Bacchus01
Thu Jul 09, 2015 12:38 pm
Forum: Personal Consumer Issues
Topic: New car vs. "pre-owned certified" (both somewhat frequently)
Replies: 28
Views: 1662

Re: New car vs. "pre-owned certified" (both somewhat frequently)

I think it's going to depend a lot on brand and features. I bought my CPO BMW 528XI last fall. 2 yrs old and 20K miles. Had new brakes and tires already installed and the CPO warranty is better than a new car warranty. I probably saved close to 35% off the price of a new one. That said, in 2013 when...
by Bacchus01
Fri Jul 03, 2015 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Average raises for promotions
Replies: 32
Views: 3678

Re: Average raises for promotions

I've seen them all over the board, but I'd say 10-15% for an actual promotion is the norm. That said, I've given several of my staff members about a 25-40% total increase (including bonus target) over the last 18 months. It's a tight labor market. My salary, not including bonus, has grown at 13.4% C...
by Bacchus01
Fri Jul 03, 2015 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 95
Views: 9177

Re: What age did you become debt free and what opportunities did it create?

I can't imagine ever being sent free. I'm not even sure why I would want to be.
by Bacchus01
Thu Jul 02, 2015 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Help review a monthly budget
Replies: 20
Views: 2920

Re: Help review a monthly budget

Mint or Quicken or some other form of electronic tool. That's what most use to track it. As for your expenses, that's going to depend a lot on your location, etc. These are just a few of my observations, which clearly are just opinion. - $750/mo for daycare is quite high. Don't know your location th...
by Bacchus01
Thu Jul 02, 2015 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a Job Offer
Replies: 41
Views: 5941

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: 41
Views: 5941

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: 4307

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: 3564

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: 41
Views: 5941

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: 466
Views: 65926

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: 41
Views: 5941

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: 3564

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: 4307

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: 33
Views: 3365

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: 9741

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: 6816

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: 1092

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: 2155

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: 278
Views: 27855

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: 1273

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: 218
Views: 23847

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: 218
Views: 23847

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: 3139

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: 218
Views: 23847

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: 1639

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: 1796

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: 1102

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: 8192

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: 5123

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: 3980

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: 92
Views: 11857

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...

Go to advanced search