Search found 708 matches

by Bacchus01
Mon May 02, 2016 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House
Replies: 24
Views: 1587

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: 927

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...
by Bacchus01
Fri Apr 15, 2016 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7886

Re: University of Virginia vs University of Miami

FWIW: I just happened on a Forbes list of the top 25 public colleges in the US. UVA was number 4 (West Point was first, Naval Academy was second, Berkley third, not clear service academies are really comparable so might think of UVA as number 2.) University of Miami was not on the list. Such lists ...
by Bacchus01
Tue Apr 12, 2016 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: The 'cost' of retiring early. what's wrong with my math?
Replies: 36
Views: 5917

Re: The 'cost' of retiring early. what's wrong with my math?

I understand your first point (the math) but I'm not sure I understand much of the rest. Also, in my calcs is the valuation of maturing options and such, so it's not completely $400K in "savings" per se. Why work until 65 with $20M? Why? As for my kids, I would think they would answer it ...
by Bacchus01
Tue Apr 12, 2016 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: The 'cost' of retiring early. what's wrong with my math?
Replies: 36
Views: 5917

Re: The 'cost' of retiring early. what's wrong with my math?

Accounting for 3 kids going to college at $50K/year, hitting two pensions and SS at age 65/67, and paying higher medical expenses until age 65, it says we can retire at age 45 in 2018 with $3.2M in Net Worth and be Green at 100 with $12.7M in net worth (in today's dollars) at that time. Just moving...
by Bacchus01
Mon Apr 11, 2016 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: The 'cost' of retiring early. what's wrong with my math?
Replies: 36
Views: 5917

Re: The 'cost' of retiring early. what's wrong with my math?

Accounting for 3 kids going to college at $50K/year, hitting two pensions and SS at age 65/67, and paying higher medical expenses until age 65, it says we can retire at age 45 in 2018 with $3.2M in Net Worth and be Green at 100 with $12.7M in net worth (in today's dollars) at that time. Just moving...
by Bacchus01
Mon Apr 11, 2016 9:35 am
Forum: Investing - Theory, News & General
Topic: Are you planning to leave an "estate"?
Replies: 74
Views: 6779

Re: Are you planning to leave an "estate"?

It is not our "plan" to leave them an estate, but in all likelihood we will. I prefer to give them as much of the estate when we are alive so we can both enjoy it. And by that one of the things we plan to do is give them as much education as possible. I believe this will utlimately be a be...
by Bacchus01
Mon Apr 11, 2016 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Tilt or no tilt (mid 40s, $4-5M)
Replies: 56
Views: 4701

Re: Tilt or no tilt (mid 40s, $4-5M)

Thanks. First two responses manifest the dilemma. I feel good about where I am and want to preserve my position. But if I can increase bonds somewhat, tilt, and still get some upside--that seems to me ideal, no? Sure, seems ideal, unless you don't get some upside. What if you just get the downside?...
by Bacchus01
Mon Apr 11, 2016 9:27 am
Forum: Investing - Help with Personal Investments
Topic: The 'cost' of retiring early. what's wrong with my math?
Replies: 36
Views: 5917

Re: The 'cost' of retiring early. what's wrong with my math?

A lot of people like to use simple formulas. That's good. It provides a general starting point. But it's not that hard to actually create a spreadsheet that has in several columns: current savings, current expenses, current income. Then index each of those and either add/subtract from current saving...
by Bacchus01
Mon Apr 11, 2016 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Transferring part of emergency fund into Roth IRA
Replies: 11
Views: 1117

Re: Transferring part of emergency fund into Roth IRA

Like the link says, many consider their ROTH to be part of their emergency fund.

I do.

I also consider my Bond after-tax fund and our HSA as part of our emergency fund (well, 25% of the HSA as that's what I think I could draw right now).

And of course cash.
by Bacchus01
Wed Apr 06, 2016 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer - Can I afford this home?
Replies: 38
Views: 3414

Re: First time home buyer - Can I afford this home?

I assume that payment includes taxes and insurance?

Not sure it matters, but knowing that might help.
by Bacchus01
Mon Apr 04, 2016 1:35 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 826
Views: 128857

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

7% But half is beards town ladies I don't look at returns, per se. I look at net worth growth. Up 7% Since we are striving for accuracy and uniformity -- that should be Beardstown Ladies named for an investing club in Beardstown, a little town on the Illinois River in Central Illinois. Ha. Spellche...
by Bacchus01
Sat Apr 02, 2016 8:02 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 826
Views: 128857

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

7%

But half is beards town ladies

I don't look at returns, per se. I look at net worth growth.

Up 7%
by Bacchus01
Mon Feb 29, 2016 10:18 pm
Forum: Investing - Theory, News & General
Topic: What is your target portfolio size?
Replies: 66
Views: 7033

Re: What is your target portfolio size?

$10M

I just like the sound of it
by Bacchus01
Sat Feb 06, 2016 12:10 pm
Forum: Personal Consumer Issues
Topic: Renting Bobcat
Replies: 12
Views: 1291

Re: Renting Bobcat

I'm not sure why you'd want to rent a feline, but you might want to rent a skid steer
by Bacchus01
Wed Jan 20, 2016 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: I have no more money to invest
Replies: 76
Views: 6601

Re: I have no more money to invest

85% stock

Why? Why not?

I guess the market is down. Huh. Looks like some TLH time. Bonus hits in March so I hope it stays down until April.
by Bacchus01
Sat Jan 16, 2016 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbors - retired, with low income, high home equity
Replies: 25
Views: 4232

Re: Neighbors - retired, with low income, high home equity

Buy the house and rent it back to them
by Bacchus01
Fri Jan 15, 2016 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Help - want to pay "cash" for a car
Replies: 68
Views: 3954

Re: Help - want to pay "cash" for a car

I would be shocked if a reputable dealer would accept actual cash that large. Most wouldn't.
by Bacchus01
Fri Jan 15, 2016 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Persuading employer to offer mega backdoor Roth IRA: worth it?
Replies: 10
Views: 1674

Re: Persuading employer to offer mega backdoor Roth IRA: worth it?

It would be such a huge boon for me personally, but I can imagine the number of employees who would benefit would be quite small. What kind of additional work would be demanded of the employer to make this happen? Amend the plan. Modify payroll. New forms and procedures for HR. Communicate to emplo...
by Bacchus01
Mon Jan 11, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Persuading employer to offer mega backdoor Roth IRA: worth it?
Replies: 10
Views: 1674

Re: Persuading employer to offer mega backdoor Roth IRA: worth it?

It would be such a huge boon for me personally, but I can imagine the number of employees who would benefit would be quite small. What kind of additional work would be demanded of the employer to make this happen? Amend the plan. Modify payroll. New forms and procedures for HR. Communicate to emplo...
by Bacchus01
Thu Jan 07, 2016 12:10 pm
Forum: Personal Consumer Issues
Topic: Car Trade Off (Lexus GX v. BMW X5)
Replies: 13
Views: 1371

Re: Car Trade Off (Lexus GX v. BMW X5)

Is he going to pay the maintenance for you? I can't imagine someone dumping such a high cost to own vehicle on someone else and saying they MUST maintain it. That was my major concern when brought it up. He just purchased an extended warranty/service on the vehicle so I would be covered for a few a...
by Bacchus01
Thu Jan 07, 2016 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 355
Views: 48809

Re: Question for the Bogleheads Millionaires

I may never have millions of dollars in my lifetime, and it's hard to imagine how it is even possible with the average American career. Thanks ajacobs6, Median income for American is 60K per year. Assuming that a person worked for 30 years, 30 X 60K = 1.8 millions. So, assuming that you are an Amer...
by Bacchus01
Thu Jan 07, 2016 9:05 am
Forum: Personal Finance (Not Investing)
Topic: How has your Salary performed against inflation?
Replies: 59
Views: 5370

Re: How has your Salary performed against inflation?

I actually track as part of my massive spreadsheet

Since graduating undergrad in 1997 and getting first real salaried job, CAGR is 14.7%. That includes 0% period from 2006-2010.
by Bacchus01
Fri Jan 01, 2016 9:35 pm
Forum: Personal Consumer Issues
Topic: Car Trade Off (Lexus GX v. BMW X5)
Replies: 13
Views: 1371

Re: Car Trade Off (Lexus GX v. BMW X5)

Is he going to pay the maintenance for you?

I can't imagine someone dumping such a high cost to own vehicle on someone else and saying they MUST maintain it.
by Bacchus01
Fri Jan 01, 2016 5:05 pm
Forum: Personal Consumer Issues
Topic: Car Trade Off (Lexus GX v. BMW X5)
Replies: 13
Views: 1371

Re: Car Trade Off (Lexus GX v. BMW X5)

Trade him.

Sell the BMW.

Go to the dealer he traded the Lexus to.

Buy it.

Pocket the cash.

/thread
by Bacchus01
Fri Jan 01, 2016 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: A dead year, never get it back
Replies: 84
Views: 7743

Re: A dead year, never get it back

Was a good year to be accumulating
by Bacchus01
Fri Jan 01, 2016 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: How did your retirement Portfolio do in 2015?
Replies: 95
Views: 6761

Re: How did your retirement Portfolio do in 2015?

I don't have a retirement portfolio, we just have A portfolio. I don't look at returns as much as I look at net worth (portfolio) growth. We were up 10% this year, most of which was contributions. Probably about 0 when looking just at returns. Net of TLH however, we'll be positive.
by Bacchus01
Thu Dec 31, 2015 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 26651

Re: What are your 2 retirement numbers?

$5M is my "I'll see how things are going and decide to stay or not." $10M is my "let's get out of here now!" Number.
by Bacchus01
Mon Dec 28, 2015 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Checking In After Four Years
Replies: 20
Views: 5166

Re: Checking In After Four Years

As said, revisit the HSA. They are fantastic investment vehicles from a tax standpoint. Beyond a certain age you can remove tax free for any reason.
by Bacchus01
Mon Dec 28, 2015 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: When do 529 contributions end?
Replies: 6
Views: 1033

Re: When do 529 contributions end?

Just change the beneficiary As long as there is a state tax deduction, I plan to continue investing in accounts for my wife and our three kids for the rest of my life. Whatever our kids won't use we will pass to our grandkids. Putting $3K each per family member today. I look at it as multi generatio...
by Bacchus01
Mon Dec 28, 2015 7:59 am
Forum: Personal Consumer Issues
Topic: What is the appropriate tip at Starbucks on Christmas morning?
Replies: 76
Views: 5137

Re: What is the appropriate tip at Starbucks on Christmas morning?

Tip? At Starbucks? No. Never. Dude, seriously? Surely your jest. No, surely I do not. Why would I tip at a fast food place? I'm already paying $4.50 for a cup of coffee. They person behind the counter had to say hello and then push a button. What exactly is so above and beyond that I should tip the...
by Bacchus01
Mon Dec 28, 2015 7:54 am
Forum: Investing - Help with Personal Investments
Topic: Checking In After Four Years
Replies: 20
Views: 5166

Re: Checking In After Four Years

I would suggest hitting the max on the 401k if you can

Then Roth

Do you have access to an HSA?
by Bacchus01
Thu Dec 24, 2015 11:00 pm
Forum: Personal Consumer Issues
Topic: Dress shirts and button-down shirts - budget and quality overview
Replies: 40
Views: 4409

Re: Dress shirts and button-down shirts - budget and quality overview

I used to always wear Stafford Athletic fit and they lasted a long time. However, they are no longer available on that cut. To the poster above that says he's very muscular, but wears slim fit or ultra slim fit....no, you aren't that muscular. Try a 42" chest with 32" waist. The new "...
by Bacchus01
Mon Dec 21, 2015 7:42 am
Forum: Personal Consumer Issues
Topic: How much do you spend on groceries?
Replies: 109
Views: 7868

Re: How much do you spend on groceries?

We spend $250 per person per month. With 5 that works out to about $1250.
That includes groceries, toiletries, cleaning and paper products. That does not include dining out but we might done out just 1 or 2 times per month.
by Bacchus01
Fri Dec 11, 2015 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a bonus this year?
Replies: 75
Views: 8759

Re: Getting a bonus this year?

Good year but slowed at the end.

Mine will be low six figures.
by Bacchus01
Mon Dec 07, 2015 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth -- Salary Ratio at age 30, 35, 40 if plan to retire at 55?
Replies: 17
Views: 3770

Re: Net Worth -- Salary Ratio at age 30, 35, 40 if plan to retire at 55?

The book The Millionaire Next Door has a formula: Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be. If your net worth equals the number from the above formula, ...
by Bacchus01
Mon Dec 07, 2015 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: A car nicer than the boss?
Replies: 169
Views: 12262

Re: A car nicer than the boss?

Recently DH and I were at an event and one of his underlings was also there. I noticed that the underling drives a Lexus and DH drives a Honda. I said "Why does So-and So drive a Lexus and you drive a Honda?!" DH didn't miss a beat, looked me dead in the eye and said "His wife works....
by Bacchus01
Mon Dec 07, 2015 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: A car nicer than the boss?
Replies: 169
Views: 12262

Re: A car nicer than the boss?

As a CFO, you will likely be preaching cost controls. At some point you may even have to lay people off. Think about how that will come across as you drive into work in a Bentley. Buy any car you want, but use that as a weekend driver. Go cheap and sensible for the daily driver. Impressions matter....
by Bacchus01
Tue Nov 17, 2015 1:52 pm
Forum: Personal Consumer Issues
Topic: Riding Mower Help Needed
Replies: 59
Views: 6948

Re: Riding Mower Help Needed

Gravelys last forever. I have a 1987 Model 5665. That's actually a 2 wheel walk behind that takes a variety of attachments (finish mowers, snow blowers, plows, rotary mower, etc) with a 12HP Kohler engine and its even got a steering brake so its almost a zero-turn. The walk behinds are no longer ma...
by Bacchus01
Mon Nov 02, 2015 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: % Net Worth Change Since New Year's 2015
Replies: 95
Views: 9012

Re: % Net Worth Change Since New Year's 2015

Not sure what the point is for this question, but anyone with substantial assets who is properly diversified should be down for the year. You don't know the point but you responded anyway? I have substantial assets (does several million count?) that largely follows a three fund portfolio that is 85...
by Bacchus01
Sun Sep 27, 2015 9:39 am
Forum: Investing - Theory, News & General
Topic: VW stock goes from 170 to almost 100 and falling, good time to buy?
Replies: 169
Views: 16189

Re: VW stock goes from 170 to almost 100 and falling, good time to buy?

Actual costs to fix vehicles or take them off the road, recall costs and disgruntled customers will cost them way way more than any of the EPA fines.
by Bacchus01
Sun Sep 27, 2015 9:34 am
Forum: Personal Finance (Not Investing)
Topic: % Net Worth Change Since New Year's 2015
Replies: 95
Views: 9012

Re: % Net Worth Change Since New Year's 2015

Not sure what the point is for this question, but anyone with substantial assets who is properly diversified should be down for the year. You don't know the point but you responded anyway? I have substantial assets (does several million count?) that largely follows a three fund portfolio that is 85...
by Bacchus01
Wed Sep 23, 2015 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Home is no longer occupied. Should we tell homeowners insurance company?
Replies: 32
Views: 2837

Re: Home is no longer occupied. Should we tell homeowners insurance company?

If you notify the insurance company, they will most likely cancel your policy within the renewal period or like 60 days. If there is a mortgage, your mortgage company will be notified and your loan will come due. If you do not notify the insurance company, the above will not happen. However, if you ...
by Bacchus01
Wed Sep 23, 2015 8:34 am
Forum: Investing - Theory, News & General
Topic: VW stock goes from 170 to almost 100 and falling, good time to buy?
Replies: 169
Views: 16189

Re: VW stock goes from 170 to almost 100 and falling, good time to buy?

I read an article that suggested buying a used vw diesal instead of the stock. The article suggested you would be able to get one at a huge discount, drive it a few years then be able to sell it for what you payed for it, netting a free ride for your car needs for a few years. http://thegarage.jalo...
by Bacchus01
Wed Sep 23, 2015 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Car Fire? Should i sue the car manufacturer
Replies: 22
Views: 2140

Re: Car Fire? Should i sue the car manufacturer

Of course you should. It's the American way.
by Bacchus01
Tue Sep 08, 2015 9:58 am
Forum: Personal Consumer Issues
Topic: Christmas Family Vacation All Inclusive
Replies: 10
Views: 1601

Re: Christmas Family Vacation All Inclusive

CassieInVa wrote:Have you considered a Caribbean Cruise? Most lines have tons of children's activities and meals are included. Many lines have last minute deals or other promotions. Kids never get bored for sure.

Any specific suggestions?
by Bacchus01
Tue Sep 08, 2015 6:20 am
Forum: Investing - Help with Personal Investments
Topic: How Am I doing ? (39 y/o, NW- 3.5 mil)
Replies: 34
Views: 5403

Re: How Am I doing ? (39 y/o, NW- 3.5 mil)

How are you living in $60K a year? I'm very curious on this. My income and age is similar to yours, but net worth is just over half. With 3 kids our annual living expense is about $25k per person in our house, or $125K per year. We live modestly. That does include two houses and two mortgages but th...
by Bacchus01
Mon Sep 07, 2015 10:40 pm
Forum: Personal Consumer Issues
Topic: Christmas Family Vacation All Inclusive
Replies: 10
Views: 1601

Christmas Family Vacation All Inclusive

Looking for recommendations for a Carribean all-inclusive for a family of 5. Three boys ages 14, 10, 6. Looking for 5 nights, maybe more, leaving from Chicago. Any suggestions for a family? My wife and I have traveled in Carribean, but not to places we would take the kids (bored). Would like somewhe...

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