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Re: Treadmills

Another endorsement for the Sole F80.

I have over 2,400 miles on ours. Trouble free.
by Bacchus01
Sat Sep 13, 2014 10:47 pm
 
Forum: Personal Consumer Issues
Topic: Treadmills
Replies: 18
Views: 917

Re: Vanguard Recommending Quicken Changes

I keep getting the same error message when trying to set up the account: Quicken is unable to establish an internet connection [OL-297-A] But, i can update all my other accounts just fine. I can't get past the stage of adding my login/password because of the error above. Anyone else have this and a ...
by Bacchus01
Sat Sep 13, 2014 7:18 am
 
Forum: Personal Consumer Issues
Topic: Vanguard Recommending Quicken Changes
Replies: 45
Views: 4218

Re: Lawnmower/gas issues

I just don't buy that it is the ethanol in the gas. gasahol has been around for years, and if it was causing premature implosions of lawn mowers it would be a major story. dirt in the lines is not about the alcohol in the gas. I guess the ethanol can cause some water. I never put stabilizer in my t...
by Bacchus01
Fri Sep 05, 2014 11:20 am
 
Forum: Personal Consumer Issues
Topic: Lawnmower/gas issues
Replies: 48
Views: 2019

Re: Have I put too much into the 529 plan?

Could you explain how you have the option to withdraw the contribution amount(s) and just let the interest compounded over time remain in the 529--and NOT incur a penalty? One cannot really do that unless perhaps in the following circumstance: You have equities and fixed income in the 529 plan with...
by Bacchus01
Tue Sep 02, 2014 10:56 am
 
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 39
Views: 7058

Re: Costco:is it worth it for just two people?

For a family of 5 that spends approximately 1500 a month at Walmart on groceries and other disposable items, how much could this family really save at Costco?
by Bacchus01
Tue Sep 02, 2014 9:37 am
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 141
Views: 10558

Re: Does your employer still offer pensions to new hires?

My company still offers them to new employees. It's a solid plan.

I am fortunate that I will have worked for 2 companies for most of my career that offer DB plans and will receive two pretty nice pensions someday (around 60K per year)
by Bacchus01
Sat Aug 30, 2014 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Does your employer still offer pensions to new hires?
Replies: 54
Views: 3820

Re: Do you know any of the 36% [that don’t save for retireme

Here is a tip that worked for my children: I forced them to open Roth IRAs with their job earnings. They would not do it unless I forced them to do it. To make it worth their while, I simply give them the money to put in the Roth IRA. In other words, I essentially double their salaries since they a...
by Bacchus01
Mon Aug 18, 2014 11:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: [helping a family member to start investing]
Replies: 10
Views: 814

Re: How much do you plan to save in your 529 plan?

Interesting question. Right now we have $60K in 529 plans with a 13, 8, and 5 year old. Wisconsin allows a deduction on $3K of contributions per beneficiary per year, so we put in $3K each for the 3 kids and for my wife and myself. That's a total of $15K/year. We'll move around the funds to support ...
by Bacchus01
Mon Aug 18, 2014 11:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 6908

Re: Your biggest "Missed Money" event that still kills you?

Not selling my stock options when the stock was at $72 in Dec 2008. By March of 2009 it was $3.50. It has since recovered to $40, but I left that company in 2010. That cost me mid 6-figures. Conversely, in early 2009 I had a brief idea to move all my 401K into company stock at $3.50. Had I done that...
by Bacchus01
Mon Aug 18, 2014 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: Your biggest "Missed Money" event that still kills you?
Replies: 102
Views: 8083

Re: Savings Percentage [rules of thumb]

You're going to get a wide answer on numbers. We save about 48% of our gross income including 401k, Roth, 529s, 401k match, and after-tax savings. We don't save until it hurts, but we definitely LBYMs. Our amount is more dictated by time than desire. That is, I look at retirement as a point in time,...
by Bacchus01
Mon Aug 18, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings Percentage [rules of thumb]
Replies: 49
Views: 5497

Re: Lump sum of 97k vs 830 monthly

That's like a guaranteed 8.5% return.

Take the annuity
by Bacchus01
Thu Aug 07, 2014 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lump sum of 97k vs 830 monthly
Replies: 11
Views: 1365

Re: High School Reunions--Have you attended?

I'm shocked more people haven't attended or even have interest. I have a handful of very close friends that go back to middle school days. I have many more that I'm still friendly live. That after going to college and living in 4 other states since graduation 23 years ago. You all must have hated hi...
by Bacchus01
Sun Aug 03, 2014 8:57 pm
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5221

Re: HSA Strategy for high income earners

That's what we do.

When HSA becomes large enough, will treat that and Roth as the emergency fund and move all after tax money into investments.
by Bacchus01
Fri Aug 01, 2014 10:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 79
Views: 5709

Re: Riding Mower Help Needed

I would suggest a ZTR with at least 50" deck.

Get one with a newer Kohler 7000 it Confidant. I guarantee those engines are good.
by Bacchus01
Fri Aug 01, 2014 10:03 pm
 
Forum: Personal Consumer Issues
Topic: Riding Mower Help Needed
Replies: 44
Views: 2446

Re: How Much Did You Lose Today?

Down about $18K yesterday.

Up more than $120K for the year.

I only know because I check AA every 1st of the month, which happens to be today of course.

I'm 40. Doesn't matter. I'm still in my AA band, otherwise I'd buy more today.
by Bacchus01
Fri Aug 01, 2014 10:20 am
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 15027

Re: 529 - in-state only up to deduction amount?

We take the max to the state deduction. In WI you can take up to 3K deduction per qualifying individual, including yourself. We put away 15K each year. 3K each for 3 kids and 3K each for wife and I. For wife and I, we then move it to our kids accounts. 7% tax deduction on 15K each year helps for gro...
by Bacchus01
Mon Jul 28, 2014 10:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 - in-state only up to deduction amount?
Replies: 9
Views: 645

Re: $47,000 cash now or $330 per month for life

As a perpetuity, that's about an 8.5% return.

Not bad.
by Bacchus01
Wed Jul 09, 2014 5:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: $47,000 cash now or $330 per month for life
Replies: 33
Views: 5067

Re: Tiny House Movement

Our house is 5,600 sq ft. It's more than big enough for a family of 5. There are rooms that rarely ever get used.

When the kids are gone, we will most definitely downsize to sub 3,000 sq ft.
by Bacchus01
Wed Jul 09, 2014 10:12 am
 
Forum: Personal Consumer Issues
Topic: Tiny House Movement
Replies: 139
Views: 16009

Re: Is it ever ok to tell your boss you have another offer?

Are you ready and willing to take the other position? Would you rather stay where you are because you like what you do? If the answer to both those questions is not yes, then there would be no reason to tell your boss. If they wish you luck, but you aren't ready to take the new job, you are in troub...
by Bacchus01
Tue Jul 08, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Is it ever ok to tell your boss you have another offer?
Replies: 30
Views: 2849

Re: Tax rate on money won?

It's treated as ordinary income and will be taxed at whatever his marginal state/federal tax rates are.
by Bacchus01
Mon Jul 07, 2014 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax rate on money won?
Replies: 5
Views: 537

Re: Hitting "The Number" too early

@bachhus01: looks like you plan to double your net worth from 5m to 10m in 4-5 years. That seems high rate of return or very high contributions to nest egg. In any case, best of luck. Well, plan and reality may end up being very different things, but we are working towards that. It comes through a ...
by Bacchus01
Thu Jul 03, 2014 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hitting "The Number" too early
Replies: 49
Views: 5444

Re: Time to buy a tv or wait 2 years?

I remember buying my 65" Samsung rear projection DLP with 1080P. At that time, there was almost no 1080P content and I almost opted not to do it. 8 years later and it's still going strong and has an amazing picture. Of course, it's mostly relegated to the XBox TV for the kids now. I think it's ...
by Bacchus01
Thu Jul 03, 2014 10:51 am
 
Forum: Personal Consumer Issues
Topic: Time to buy a tv or wait 2 years?
Replies: 66
Views: 5955

Re: Hitting "The Number" too early

Congratulations! Hitting your number gives you choices. You should consider what those choices are. One of them is retirement, but there are so many more. I hope to hit my number at 50 (which is $10M btw) and open up a world of choices. In reality we could probably retire on half that around age 45/...
by Bacchus01
Thu Jul 03, 2014 9:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Hitting "The Number" too early
Replies: 49
Views: 5444

Re: How are you doing through the first half of 2014?

I'm not sure people read things correctly. I don't believe I ever said I had a return or irr that included contributions. I simply said it was up that much. Why do contributions matter? Well, for me, I need my portfolio to grow 17% per year to retire in 10 years. Contributions therefore matter at de...
by Bacchus01
Wed Jul 02, 2014 7:48 pm
 
Forum: Investing - Theory, News & General
Topic: How are you doing through the first half of 2014?
Replies: 91
Views: 9777

Re: How are you doing through the first half of 2014?

I do track my progress on a quarterly basis, though I only do rates of return annually. Since you asked, though, I'm up 16.5% YTD - not annualized, with just over half of that from contributions. My mid-year investment return, on an annualized basis, is a bit over 16%. Surprised that if this contin...
by Bacchus01
Wed Jul 02, 2014 9:54 am
 
Forum: Investing - Theory, News & General
Topic: How are you doing through the first half of 2014?
Replies: 91
Views: 9777

Re: Dividend Distribution Strategies

Why do people want them? One is that you can use them as our income source without selling the underlying stock and dealing with the risk that the asset has temporarily depreciated, or deal with the transaction costs associated with selling the stock. Since the transaction costs have come down so mu...
by Bacchus01
Wed Jul 02, 2014 9:45 am
 
Forum: Investing - Theory, News & General
Topic: Dividend Distribution Strategies
Replies: 13
Views: 1216

How are you doing through the first half of 2014?

2013, at least the back half, was such a tear for the bull market. The first part of this year started very slow but is coming on strong lately. Through the first six months our portfolio is up 17.2% (annualized) or about 8% YTD net. I attribute approx. 5.9% of that to additional contributions, and ...
by Bacchus01
Wed Jul 02, 2014 9:37 am
 
Forum: Investing - Theory, News & General
Topic: How are you doing through the first half of 2014?
Replies: 91
Views: 9777

Re: Ideas on how deal with estate with tons of items

I would be interested in buying all 4 cars. Message me.
by Bacchus01
Fri Jun 27, 2014 7:06 pm
 
Forum: Personal Consumer Issues
Topic: Ideas on how deal with estate with tons of items
Replies: 29
Views: 2505

Re: "Being Done" Saving: White Coat Investor blog post

Interesting perspectives.

I'm 40, having left college in the mid/late 90's. We are clearly on track to move to our "second career" (haven't settled on retirement, per se) by 50. Realistically, it could probably happen by 45 but have put 50 as the yard stick right now.
by Bacchus01
Fri Jun 27, 2014 2:31 pm
 
Forum: Investing - Theory, News & General
Topic: "Being Done" Saving: White Coat Investor blog post
Replies: 47
Views: 7875

Re: What is the risk of having too much house

I think I was pretty clear that I knew SF was a lot higher. As for your comments, no, I wouldn't stretch my budget that much to get something larger. A quick view of realtor.com shows there are 25 properties in San Fran with 4 bed/2 bath under $800K. Within 5 miles of San Fran that number jumps to 1...
by Bacchus01
Wed Jun 25, 2014 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is the risk of having too much house
Replies: 51
Views: 4550

Re: What is the risk of having too much house

Only you can ultimately decide what's right for you, but I can only use our situation as a point of comparison. I live in the Milwaukee metro area, and while that is not as high a cost of living as San Fran by any means, it's a lot higher than people would guess. We have roughly the same investment ...
by Bacchus01
Wed Jun 25, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: What is the risk of having too much house
Replies: 51
Views: 4550

Re: The Mega Backdoor Roth IRA

ArthurO, while interesting, the quote above does not reference the issue at hand. I have done this. I have talked with Vanguard and Wells Fargo (where I was converting to and from) and their response was "we do this all the time." It's not as "rare" occurrence as you suggest. The...
by Bacchus01
Tue Jun 24, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 141
Views: 20273

Re: Profit Sharing 401k AND an Individual 401k?

You're his only client that maxes out your retirement accounts? That seems very odd.
by Bacchus01
Tue Jun 24, 2014 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Profit Sharing 401k AND an Individual 401k?
Replies: 13
Views: 535

Re: Cost of car compared to Gross Income

My unscientific analysis if the efficient frontier always brought me to about 2 years old and 20-30K miles. Most cars are still under warranty but have depreciated as much as 50%. However, lately I've noted that the types if used cars are holding their value quite well and it's more like 25% depreci...
by Bacchus01
Sun Jun 22, 2014 7:03 am
 
Forum: Personal Consumer Issues
Topic: Cost of car compared to Gross Income
Replies: 82
Views: 4718

Re: New Portfolio: what to do with 2.5M to 5.5M?

Wow. I have little to add other than it looks really complicated.


Your biggest issue is not how to invest, but how to minimize taxation.
by Bacchus01
Fri Jun 20, 2014 8:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Portfolio: what to do with 2.5M to 5.5M?
Replies: 38
Views: 4448

Re: How much car can I afford while paying cash? Details ins

I drive a 2002 BMW with 128K miles on it. There are a few 15 year old BMWs on the road, but not many. Mine is 13 years old. It is a blast to drive still. It is quiet on the highway and great in bad weather (it's a 330XI). It's comfortable and stable at nearly any speed. I really enjoy driving it. It...
by Bacchus01
Fri Jun 20, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: How much car can I afford while paying cash? Details inside.
Replies: 62
Views: 4151

Re: Cost of car compared to Gross Income

The average new car has to be around $30K now. So does that mean the average gross income is $300K? I don't think so.

Unfortunately cars are expensive.
by Bacchus01
Fri Jun 20, 2014 10:53 am
 
Forum: Personal Consumer Issues
Topic: Cost of car compared to Gross Income
Replies: 82
Views: 4718

Re: How much $$ to change jobs?

I have never changed companies for less than 25%. There is just too much hassle in it all to do it for less. I wouldn't even consider it, honestly.

As for those of you Americans trying to give cultural advice - don't. Just don't.
by Bacchus01
Thu Jun 19, 2014 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much $$ to change jobs?
Replies: 52
Views: 4218

Re: is it normal to have more in your taxable accounts

We are 2/3 taxable after maxing every possible tax deferred position.
by Bacchus01
Thu Jun 19, 2014 8:24 pm
 
Forum: Investing - Theory, News & General
Topic: is it normal to have more in your taxable accounts
Replies: 25
Views: 1722

Re: Why 'I'll just work longer' is not a good retirement pla

I'm surprised by the percentage that retire before 60. Is anyone else?
by Bacchus01
Tue Jun 17, 2014 3:52 pm
 
Forum: Investing - Theory, News & General
Topic: Why 'I'll just work longer' is not a good retirement plan
Replies: 8
Views: 1784

Re: Retirement options for Wife going back to work as contra

With a Solo 401K I believe she can defer the first $23,000 of income, where is it 20% with the IRA, they have the same max but that does seem to apply in this case.. Try using this calculator, it might help you decide. http://solo401k.bcmadvisors.com/calculator.html Thanks. Seems like the max contr...
by Bacchus01
Mon Jun 16, 2014 9:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement options for Wife going back to work as contractor
Replies: 4
Views: 295

Retirement options for Wife going back to work as contractor

My wife is looking to go back to work this year after taking many years off with the kids. She'll mostly be working a couple of part-time deals that she has lined up. Total comp per year is probably no more than $10-$15K, but she's doing this for the fun more than the $$$. However, to avoid having h...
by Bacchus01
Mon Jun 16, 2014 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement options for Wife going back to work as contractor
Replies: 4
Views: 295

Re: Car for a long daily commute

harrychan wrote:
Bacchus01 wrote:I work for an engine company. Honda engines are competition and thus I will not own any Honda product. The same goes for Subaru.


It would help your cause if you explained yourself.

Uh, I think I just did.
by Bacchus01
Tue Jun 10, 2014 6:13 am
 
Forum: Personal Consumer Issues
Topic: Car for a long daily commute
Replies: 75
Views: 6045

Re: Car for a long daily commute

I work for an engine company. Honda engines are competition and thus I will not own any Honda product. The same goes for Subaru.
by Bacchus01
Mon Jun 09, 2014 11:48 pm
 
Forum: Personal Consumer Issues
Topic: Car for a long daily commute
Replies: 75
Views: 6045

Re: Car for a long daily commute

Great thread. I drive about 110 miles round trip per day. It take me 50 minutes each way, though, as it is all highway. I too am looking for a new commuter. Mpg is not the major motivator for me as the cost to go hybrid is hard to pay back. I drive a 2002 BMW 330XI now and love it, but reliability i...
by Bacchus01
Mon Jun 09, 2014 10:22 pm
 
Forum: Personal Consumer Issues
Topic: Car for a long daily commute
Replies: 75
Views: 6045

Re: Why have more than 70% stocks?

Why am I 80/20? Because I can.
by Bacchus01
Mon Jun 09, 2014 8:33 pm
 
Forum: Investing - Theory, News & General
Topic: Why have more than 70% stocks?
Replies: 12
Views: 1499

Re: High Deductible Heath Plan vs Co-Pay healh plan

In scenario A you are looking at probably best case. In scenario B you are painting a picture of worst case. I'd say plan for both of them to be worse case. I think you'll find that the high deductible plan is probably no worse of a risk. AND with that plan, you can put up to $6,450 into an HSA. Rea...
by Bacchus01
Wed Jun 04, 2014 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: High Deductible Heath Plan vs Co-Pay healh plan
Replies: 23
Views: 856

Re: What is this (possible) pension worth?

This is a math problem. If you assume that you draw it beginning at age 62 and draw it unadjusted until age 90, at a 2% rate of inflation, that pension is worth ~$26,500 TODAY. The question is, if you change, are you going to offset that $26,500? If you assume inflation to be more like 3%, then it's...
by Bacchus01
Wed Jun 04, 2014 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: What is this (possible) pension worth?
Replies: 12
Views: 877

Re: does frugality result in lower career ambition?

For me, the two are almost completely unrelated. My professional life and personal life are very separate. I run a $500M division of a megacorp. I probably drive one of the oldest cars in the parking lot at 13 years old. To me work is a game. It's a challenge. I must tackle and win that challenge. I...
by Bacchus01
Tue Jun 03, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: does frugality result in lower career ambition?
Replies: 113
Views: 8572
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