Search found 756 matches

by Bacchus01
Mon Aug 22, 2016 12:52 am
Forum: Personal Consumer Issues
Topic: Favorite Asian Vacation?
Replies: 33
Views: 2570

Re: Favorite Asian Vacation?

Gold Coast Australia.
by Bacchus01
Mon Aug 22, 2016 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a Job Offer
Replies: 44
Views: 7665

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
Sun Aug 21, 2016 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud: How many times is 'normal'?
Replies: 24
Views: 1258

Re: Credit Card Fraud: How many times is 'normal'?

Wow. We roll through about $8K in charges on 3 different CCs a month. In 25 years, have never had a single fraudulent charge.
by Bacchus01
Sun Aug 21, 2016 9:03 am
Forum: Investing - Help with Personal Investments
Topic: How did your 401k fund grow from 2006 to 2016? please share. did you come out fine for 2008 crash?
Replies: 16
Views: 2094

Re: How did your 401k fund grow from 2006 to 2016? please share. did you come out fine for 2008 crash?

Just going off memory, our combined 401K accounts went from around $200K in 2006 to over $750K in 2016.
by Bacchus01
Sun Aug 21, 2016 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 252
Views: 26518

Re: Self-made Millionaires: how did hitting 7 figures change you?

The first time it happened, we really didn't know it. Then the recession hit, and we had to get back to it. When it hit again, I told my wife. She said something along the lines of "That's nice dear, what would you like to watch on Netflix tonight?" And that was the end. Not long ago we hi...
by Bacchus01
Tue Aug 09, 2016 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Not paying mortgage, what???
Replies: 21
Views: 3188

Re: Not paying mortgage, what???

We know a couple who went more than 3 years from 2008-2011. Then they just up and moved and left the house behind. It took like 2 more years for the bank to come in and actually foreclose and another year for them to actually put it up for sale.
by Bacchus01
Tue Aug 09, 2016 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Will realtor advise on needed improvements for home sale?
Replies: 38
Views: 1965

Re: Will realtor advise on needed improvements for home sale?

I would also consider hiring a housing inspector to do a complete inspection. (The realtors can give you referrals.) With an old house, you don't want to start fixing it up, only to find later that you need to pay for major repairs to get the deal closed. I would strongly advise against this. Whate...
by Bacchus01
Mon Aug 08, 2016 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Professor having to buy his own computer for work
Replies: 93
Views: 6116

Re: Professor having to buy his own computer for work

The added benefit of computing power in the last few years, regardless of Moore's law, is only really needed at the absolute top end of the spectrum of users, and most college professors aren't going to be in this camp. Our corporate policy is every 5 years. We have engineers designing extremely com...
by Bacchus01
Tue Aug 02, 2016 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much to put down on our next house?
Replies: 34
Views: 2097

Re: How much to put down on our next house?

That is an awfully low net worth for such a high income household. Where is all the money going? I would not think of a house until my financial ducks were in a row - at a minimum , pay off the student loans and build up a 3-6 month emergency fund The wiki has some fantastic materials on financial ...
by Bacchus01
Tue Aug 02, 2016 8:59 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1052
Views: 169076

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

Somewhere around 20% using Beardstown Ladies.

About half of that is portfolio growth. Call it 10%.

Sounds about right.
by Bacchus01
Tue Aug 02, 2016 8:54 pm
Forum: Investing - Theory, News & General
Topic: How long to turn 1 million to 2 millions for you?
Replies: 44
Views: 7967

Re: How long to turn 1 million to 2 millions for you?

It took us roughly 13 years to hit our first million in assets

It took 4 years and 3 months to hit the next million

I predict around 2.5 years to hit the next million
by Bacchus01
Mon Jul 18, 2016 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Distribution Elections for Non-Qual Deferred Comp Plan
Replies: 9
Views: 972

Re: Distribution Elections for Non-Qual Deferred Comp Plan

In my specific situation, I plan to leave a current employer that, in my opinion, has low risk of bankruptcy and my upcoming annual income will be substantially high. I do not want to incur any further tax, thus not planning to take distribution in at least 15 years. Is it wise and possible to ask ...
by Bacchus01
Mon Jul 18, 2016 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pursue my MBA?
Replies: 33
Views: 2047

Re: Should I pursue my MBA?

I would start by pursuing one. Haha. Edited. Thank you. Another time I made an embarrassing spelling error in a post, someone sent me a discreet private message to alert me. I really appreciated it. Your method also works though. Thank you. Any other feedback? Is an MBA likely to be useful in the c...
by Bacchus01
Mon Jul 18, 2016 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pursue my MBA?
Replies: 33
Views: 2047

Re: Should I persue my MBA?

I would start by pursuing one.
by Bacchus01
Mon Jul 18, 2016 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate Emergency fund
Replies: 44
Views: 3367

Re: How to calculate Emergency fund

Interesting question. I target 100% of my "normal" spending, which includes things like gasoline (which would cut dramatically), vacations (which we could cut altogether), super expensive telephone/wifi/cell/cable service, etc. I'm sure I could cut the number by 25% or more if I were not e...
by Bacchus01
Mon Jul 18, 2016 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?
Replies: 66
Views: 6959

Re: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?

You're 46. You gross $600K a year working 36 hours a week. Should you work 1/3 the amount of time for 1/4 the money so you can spend more time with your family? Your situation is far from typical. I'm surprised you say you only take 10 days of vacation a year and they are stressed. You are only work...
by Bacchus01
Sun Jul 17, 2016 6:15 pm
Forum: Personal Consumer Issues
Topic: Kitchen Faucet & Sink recommendations?
Replies: 36
Views: 2032

Re: Kitchen Faucet & Sink recommendations?

Kohler for Faucet

Elkay for sink
by Bacchus01
Fri Jul 08, 2016 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: how much is enough? [in cash]
Replies: 16
Views: 2868

Re: how much is enough? [in cash]

I'm confused. You haven't listed your target allocation, just your buckets. Holding CDs, Cash, Equities....is "all in" depending on your AA.
by Bacchus01
Fri Jul 08, 2016 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone has experience with Ally bank?
Replies: 41
Views: 5030

Re: Anyone has experience with Ally bank?

rather than start a new thread, can somebody answer: What is the external transfer limit (e.g. dollar amount, daily and monthly), both in and out of Ally accounts? How many external accounts can you link to Ally? Generally, how fast are test deposits and external transfers? I am asking because whil...
by Bacchus01
Fri Jul 08, 2016 3:53 pm
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 103
Views: 5620

Re: What's your asset allocation and why?

80/20 is goal

Right now it's 84/16. Have some rebalancing to do.

Why? Because I can.
by Bacchus01
Thu Jul 07, 2016 10:16 am
Forum: Investing - Help with Personal Investments
Topic: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?
Replies: 39
Views: 3380

Re: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?

This is kind of my thinking. I believe that I'll run through the value of the HSA pretty quickly in medical premiums, especially since I'd like to retire early. Caution: Aside from Medicare* and Long Term Care insurance premiums, most medical insurance premiums are NOT eligible to be reimbursed fro...
by Bacchus01
Wed Jul 06, 2016 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?
Replies: 39
Views: 3380

Re: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?

I've been saving HSA receipts for the last five years (haven't drawn down the HSA at all), and it didn't occur to me that the print might fade. This and the prospect of having to deal with this in my feebleness - or worse, leaving my spouse with a pile of receipts to deal with - led me to move to a...
by Bacchus01
Tue Jul 05, 2016 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a million dollar house?
Replies: 85
Views: 8695

Re: Can I afford a million dollar house?

You're not considering all the other costs and time commitments of a house.

The answer is no
by Bacchus01
Sat Jul 02, 2016 11:25 am
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 40
Views: 3058

Re: What is the best home exercise equipment?

Get P90X and some hand weights.

Done.
by Bacchus01
Fri Jul 01, 2016 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Need help with tax loss harvesting
Replies: 10
Views: 656

Re: Need help with tax loss harvesting

No real reason not to keep TLH'ing if you can.
by Bacchus01
Fri Jul 01, 2016 8:08 am
Forum: Investing - Help with Personal Investments
Topic: 401k contribution limits for highly compensated employees
Replies: 8
Views: 1147

Re: 401k contribution limits for highly compensated employees

I'm not an HCE first-timer, but I would like your input so I can avoid complications this go-round…I have had in the past. I've read a number of related posts on the topic. From May 2013 to May 2015, I worked as a W2 employee for Consulting Company 1 (let’s call it CC1). From June 2015 to January 2...
by Bacchus01
Fri Jul 01, 2016 8:06 am
Forum: Investing - Help with Personal Investments
Topic: 401k contribution limits for highly compensated employees
Replies: 8
Views: 1147

Re: 401k contribution limits for highly compensated employees

Last year I got a letter from Vanguard (who runs our 401k) stating that I was an HCE and thus my contribution limits were cut in half. Cost me about $2500 in taxes as best I can figure. This was very perplexing because I received no raise of any kind that year, nor am I aware of any tax policies th...
by Bacchus01
Thu Jun 30, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 23898

Re: Where were you financially when you were at 30?

I don't think it's fair to compare the circumstances of today's 30-yo with those of the previous generation, due to excess student debt and lack of employment for everyone. I don't understand this comment. Unemployment is very low for college educated individuals. Has been, even through the worst r...
by Bacchus01
Thu Jun 30, 2016 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 23898

Re: Where were you financially when you were at 30?

I'm 42, so I have to remember back to 30. married, wife was not working at this time. Hasn't worked full time since 2003 1 son who was 3 and another arrived in 2005. no car payment, always paid cash until the last few years when we started buying newer cars. That included my wife's then 2 year old B...
by Bacchus01
Thu Jun 30, 2016 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Refinancing Home to buy Stocks. Confusion
Replies: 62
Views: 4106

Re: Refinancing Home to buy Stocks. Confusion

I'm a believer in carrying debt. Most won't. I probably will never have my house paid off as long as interest rates can be had at ridiculously low numbers. I have a 2.25% 5/1 on my house now. It'll reset here in 2017, but to what? 3.25%? Still crazy not to carry that debt and invest, in my opinion. ...
by Bacchus01
Wed Jun 29, 2016 8:47 pm
Forum: Personal Consumer Issues
Topic: Your shopping strategy for new tires?
Replies: 123
Views: 7576

Re: Your shopping strategy for new tires?

Costco. I'm usually going on a weekend morning so I try to get there about 20 minutes before the store opens so my tires are done in about an hour. Costco does enough volume that I don't need to worry about getting old tires. I know the tires will be fairly priced. I know the tires will be quality ...
by Bacchus01
Wed Jun 29, 2016 8:19 am
Forum: Personal Consumer Issues
Topic: Why is everyone up in arms about Costco's credit transition?
Replies: 65
Views: 5432

Re: Why is everyone up in arms about Costco's credit transition?

It's change. People don't like change. People don't understand change. People resist change. The media doesn't help. [OT Political comments removed --moderator triceratop]

This will blow over. People will be fine. I plan to sign up for the Costco Visa card.
by Bacchus01
Fri Jun 24, 2016 11:15 am
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 10597

Re: International stocks in free fall

Great day to buy. Net down over the last couple days is actually not much.
by Bacchus01
Tue Jun 07, 2016 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Are we neglecting the value of the second Social Security benefit?
Replies: 23
Views: 1917

Re: Are we neglecting the value of the spousal Social Security benefit?

You are over thinking this as well as computing it wrong. It costs way more than $1500 a month to support a second person in a household. Consider a contrasting scenario, that of marrying late in life to a person with no financial assets and just a $1500/month SS check for income. That would hardly...
by Bacchus01
Tue Jun 07, 2016 10:53 am
Forum: Personal Consumer Issues
Topic: Carpeting-Costco or Home Depot?
Replies: 30
Views: 3822

Re: Carpeting-Costco or Home Depot?

Well all I can tell you is that maybe where you live it is different,or you went to the wrong local guys.The flooring industry is pretty simple.The smaller local guys pay pretty close to what home depot does to buy materials.If you have a local small guy who knows what he is doing,they have plenty ...
by Bacchus01
Mon Jun 06, 2016 7:43 pm
Forum: Investing - Theory, News & General
Topic: Crazy housing market
Replies: 77
Views: 8931

Re: Crazy housing market

In the community where I live in Wisconsin they're building like crazy. At levels far beyond what I remember them in the 2000s around here. In our small town subdivisions are popping up everywhere, as are condos. Hundreds and hundreds of lots and units. Not sure where all these people are coming fr...
by Bacchus01
Mon Jun 06, 2016 7:42 pm
Forum: Personal Consumer Issues
Topic: Carpeting-Costco or Home Depot?
Replies: 30
Views: 3822

Re: Carpeting-Costco or Home Depot?

hoops777 wrote:No not rarely.Home Depot is very easy to beat price wise and Costco is not even in the ball park.

No. Rarely.

I've carpeted 4 houses in the last 10 years. HD and Costco killed the local guys on price.

I went with the local guys, because I wanted to.
by Bacchus01
Mon Jun 06, 2016 7:32 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 76
Views: 9904

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

But long term rates really don't matter. If you can pay it off now, why wouldn't you be able to pay it off later if rates go up? What if the stock market tanks at the same time rates go up? And you lose your job too? So maybe you won't be able to pay it off later if rates go up. I'm assuming the mo...
by Bacchus01
Mon Jun 06, 2016 8:05 am
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 76
Views: 9904

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

But long term rates really don't matter. If you can pay it off now, why wouldn't you be able to pay it off later if rates go up? I think you missed my point. What I am saying is that if you have a mortgage at 3% and you can get a 5% CD at your favorite bank, wouldn't you want to collect 5% interest...
by Bacchus01
Mon Jun 06, 2016 8:03 am
Forum: Personal Consumer Issues
Topic: Best AWD Sedan/Coupe?
Replies: 53
Views: 3978

Re: Best AWD Sedan/Coupe?

If you do a poll here, I would bet $1000 that Subaru will be number one and probably not close.

That said, I drive BMWs and find their AWD system to be great
by Bacchus01
Sun Jun 05, 2016 9:07 pm
Forum: Personal Consumer Issues
Topic: Yoga or Pilates or Something Else?
Replies: 43
Views: 2944

Re: Yoga or Pilates or Something Else?

P90X

Do it.
by Bacchus01
Sun Jun 05, 2016 9:03 pm
Forum: Personal Consumer Issues
Topic: Kitchen remodel suggestions
Replies: 45
Views: 4279

Re: Kitchen remodel suggestions

All great suggestions and things to think about. Thank you. Regarding a few things mentioned, this kitchen is mainly for my wife who is a big time cook. There are many wonderful suggestions on how to save money that aren't really that practical for our situation. Our house would look very strange i...
by Bacchus01
Sun Jun 05, 2016 8:58 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 76
Views: 9904

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

These discussions seem to ignore the possibility of a future interest rate increase. A mortgage is a long term instrument. What will interest rates be in 5 years? 10 years? 15 years? No one knows. If intermediate term rates should rise to 5 or 6 percent, a 3.5% mortgage would be a very desirable th...
by Bacchus01
Sun Jun 05, 2016 8:52 pm
Forum: Personal Consumer Issues
Topic: Carpeting-Costco or Home Depot?
Replies: 30
Views: 3822

Re: Carpeting-Costco or Home Depot?

hoops777 wrote:Your best price will come from a small local independent dealer with low overhead.

Rarely
by Bacchus01
Sun Jun 05, 2016 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Why bother with a 529?
Replies: 180
Views: 12143

Re: Why bother with a 529?

We use ours as a multi-generational tax-free education trust. If our kids don't use it, we'll pass it to our grandkids. The one thing I want to give my kids and grandkids is a great education. I'd rather give them that then a pile of money when I'm dead. We fund them for our kids and ourselves with ...
by Bacchus01
Wed May 18, 2016 9:10 pm
Forum: Investing - Theory, News & General
Topic: The inventor of the 401(k) says he created a ‘monster’
Replies: 28
Views: 4998

Re: The inventor of the 401(k) says he created a ‘monster’

Kill them. Make it an open market.

That said, the employer matches are awfully nice.
by Bacchus01
Mon May 09, 2016 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Alternatives to Quicken 2016?
Replies: 34
Views: 4104

Re: Alternatives to Quicken 2016?

Loved MS Money

Hate Quicken

Don't feel I have a choice, however.
by Bacchus01
Mon May 02, 2016 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House
Replies: 64
Views: 6678

Re: How Much House

When bought, 2.2X salary

6 years later with house and pay inflation, 1.2X salary

Equity in home is less than 10% of NW
by Bacchus01
Tue Apr 26, 2016 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Local Major Bank Recommendations
Replies: 16
Views: 1151

Local Major Bank Recommendations

We have a local bank as well as an online bank (Ally). We've been with BMO Harris for about 6 years. We keep the local for larger cash transactions, money orders, notary, etc. But, I continue to be less and less impressed with BMO. Their online systems are always down. They changed their ATM fee rei...

Go to advanced search