Search found 894 matches

by Bacchus01
Wed Apr 26, 2017 7:07 am
Forum: Personal Consumer Issues
Topic: How do you build a house?
Replies: 10
Views: 1366

Re: How do you build a house?

I'm a longtime RE developer of larger projects and I'll tell you that every market is different. I would suggest a couple of things. First, go to Netflix and watch "Grand Designs". They have two seasons worth of projects that are ground-up designs that range from do-it-yourself projects t...
by Bacchus01
Tue Apr 25, 2017 9:59 pm
Forum: Personal Consumer Issues
Topic: How do you build a house?
Replies: 10
Views: 1366

Re: How do you build a house?

The crux is you either need to find a good architect & builder, or a good design/build firm. The trick is finding a good one. If you can find recommendations from friends & colleagues, that's your best bet. I've found a few books helpful: Designing Your Perfect House -- helped me understand...
by Bacchus01
Tue Apr 25, 2017 9:38 pm
Forum: Personal Consumer Issues
Topic: How do you build a house?
Replies: 10
Views: 1366

How do you build a house?

I'm thinking this is a silly question, but what the heck. I need to understand how to build a house? Not actually doing it, but the process of finding a builder, etc. We have some land and are considering building a house on it, but don't know where to start. We have bought custom spec homes in the ...
by Bacchus01
Tue Apr 25, 2017 9:16 pm
Forum: Personal Consumer Issues
Topic: New job and offer - recruiter sent a wrong $$
Replies: 43
Views: 4776

Re: New job and offer - recruiter sent a wrong $$

Also, let's keep this in perspective. If you were promised $220k and got an offer for $200k and really want the job...well there aren't that many $200k jobs. $20k likely isn't going to make a huge difference in your life. If it was a $70k offer that turned into $50k, I won't say those jobs are dime...
by Bacchus01
Tue Apr 25, 2017 6:24 am
Forum: Personal Consumer Issues
Topic: New job and offer - recruiter sent a wrong $$
Replies: 43
Views: 4776

Re: New job and offer - recruiter sent a wrong $$

Also, let's keep this in perspective. If you were promised $220k and got an offer for $200k and really want the job...well there aren't that many $200k jobs. $20k likely isn't going to make a huge difference in your life. If it was a $70k offer that turned into $50k, I won't say those jobs are dime...
by Bacchus01
Mon Apr 24, 2017 9:36 pm
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 52
Views: 3266

Re: Zero-Turn Mowers

I haven't seen it mentioned, but what is the consensus for Poulan Pro Mowers? I was looking into potentially buying the PP19A42 model Made by Husqvarna. Bottom of their line. It's on par with any other $1K rising lawn mower, which is to say not great. If you buy it expecting it to last 3-4 years, i...
by Bacchus01
Mon Apr 24, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 52
Views: 3266

Re: Zero-Turn Mowers

Does it have the Chinese Toro engine? Loncin, one of the largest engine manufacturers in the world. Toro has been using Loncin engines in many of their products since 2009. Non emissions scooter engines, yes. They are not remotely of the quality and experience in the turf market as the big brands. ...
by Bacchus01
Mon Apr 24, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 52
Views: 3266

Re: Zero-Turn Mowers

Thank you all for the responses! I ended up purchasing a Cub Cadet RZT L 46 inch mower. I went with this mower for a couple reasons. First, I was able to get a fabricated deck which was almost impossible to find at the price I wanted. The second is I liked the look and feel of the mower compared to...
by Bacchus01
Mon Apr 24, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 52
Views: 3266

Re: Zero-Turn Mowers

Is the steering wheel worth it or better to go with the standard controls? I just got a Toro with the steering wheel (see my post above) and like it. I wanted the zero turn but did not want to use the bars. I smoke a cigar to keep the flies at bay while I cut and enjoy a beverage. I heard the steer...
by Bacchus01
Sun Apr 23, 2017 9:44 pm
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 52
Views: 3266

Re: Zero-Turn Mowers

Thank you all for the responses! I ended up purchasing a Cub Cadet RZT L 46 inch mower. I went with this mower for a couple reasons. First, I was able to get a fabricated deck which was almost impossible to find at the price I wanted. The second is I liked the look and feel of the mower compared to...
by Bacchus01
Sat Apr 22, 2017 7:01 am
Forum: Investing - Theory, News & General
Topic: Single most important investing advice?
Replies: 83
Views: 6805

Re: Single most important investing advice?

Start by investing in yourself (education, vocational, on-the-job training, etc.). Your earnings potential comes first. This is #1 by a long shot for me. For most of us, the single biggest ROI we will ever see is in our own earning power. It means taking risks, working hard, and sacrificing in many...
by Bacchus01
Fri Apr 21, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: Anybody purposely loading up on mortgage debt?
Replies: 107
Views: 10047

Re: Anybody purposely loading up on mortgage debt?

Working on a cash out refi right now

5 ARM will reset June 1 and move from 2.25% to 4.125%. Will refi to a 15 fixed at a hair under 3% while pulling out about $100K
by Bacchus01
Thu Apr 20, 2017 5:20 pm
Forum: Personal Consumer Issues
Topic: About lawn sprinkler sytem
Replies: 16
Views: 1308

Re: About lawn sprinkler sytem

I'm planning to have an automatic lawn sprinkler system installed this Spring/Summer. What are some of the brands to consider and to avoid, for sprinkler heads, valves, master controller etc.? (I assume mix-and-match is not a good idea?) Also, what's a ballpark for cost if in the Midwest? My yard i...
by Bacchus01
Wed Apr 19, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 5214

Re: How to make best use of lunch with the company president/CEO?

Despite what others have said, I do these for several reasons. One, I want people through the organization to hear the message clearly from me. The strategy and key tactics need to be well understood and I expect questions around those topics. It also gives me a chance to meet with people I just wo...
by Bacchus01
Tue Apr 18, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 5214

Re: How to make best use of lunch with the company president/CEO?

Being the Pres/CEO who does these every two weeks: - be genuine and honest - ask questions - don't ask petty questions like "why do the stalls in the bathroom have poor locks on them" there is a time and place for that question, and this isn't it - give feedback on what you like and don't ...
by Bacchus01
Mon Apr 17, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: HSA as Part of Emergency Fund
Replies: 20
Views: 1504

Re: HSA as Part of Emergency Fund

Do you generally consider your HSA as part of your 3-6 month emergency fund? Or should the emergency fund be considered completely separate from the HSA? I do, but I also pay our medical expenses out of pocket every year. That means I have receipts for several years totalling thousands that I could...
by Bacchus01
Mon Apr 17, 2017 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Physician using Turbotax, owing 30K so far already...
Replies: 65
Views: 6913

Re: Physician using Turbotax, owing 30K so far already...

Be aware that estimated tax must cover the quarter it was earned, while withholding can be done at any time of the year and not be a late payment. I am not sure what you mean by that. Dollars withheld are treated the same as dollars paid as estimated taxes for purposes of the penalty. Topic 306 - P...
by Bacchus01
Sun Apr 16, 2017 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Would you ever rent a house to a family member?
Replies: 21
Views: 1336

Re: Would you ever rent a house to a family member?

Five years ago we bought my in-laws house from them and "rent" it back to them. It has work d out extremely well for both of us. They would have run out of money otherwise.
by Bacchus01
Sun Apr 16, 2017 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: How often should I contribute to my taxable account?
Replies: 23
Views: 2717

Re: How often should I contribute to my taxable account?

It's more important to automate the contributions than it is to worry about the implications of tax loss harvesting. You don't actually TLH that often. Times like 2008-9 when you did it more are rare, and you'll want to still automate your contributions at that time as much as possible. When you ac...
by Bacchus01
Sun Apr 16, 2017 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: How often should I contribute to my taxable account?
Replies: 23
Views: 2717

Re: How often should I contribute to my taxable account?

Keeping it simple is probably the best approach to start out. Understanding TLH rules is important. There are threads and threads on "when should I tax loss harvest?" My answer is that I do it whenever I can. For me, I have a complicated spreadsheet (of course) that tells me when to invest...
by Bacchus01
Sun Apr 16, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: How to Avoid Tax Refund Being Seized
Replies: 37
Views: 4355

Re: How to Avoid Tax Refund Being Seized

Here's an idea, have her pay her bills. Novel, I know. Inappropriate and unnecessary comment for this forum. This isn't Facebook. It's perfectly appropriate. This is a forum dedicated to sound financial practices. Dodging your financial responsibility is not sound financial practice. All the OP is ...
by Bacchus01
Fri Apr 14, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 177
Views: 24626

Re: Age when you started to max out your retirement accounts?

22, and every year since.

We put in the max we could put in, that wasn't always the legal max. Some 401K plans used to max % contribution levels that were well below the $$ level.
by Bacchus01
Wed Apr 12, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: New Home - Design Center Options - making smart choices
Replies: 30
Views: 2280

Re: New Home - Design Center Options - making smart choices

Upgrade things that are hard to change, like tile, showers, kitchen cabinets, hvac. Go cheap on things that are easy to change - lighting, plumbing fixtures, carpet, counter tops, doors. I wouldn't wire for I'm wall speakers. Get wireless. Depending on where you live, absolutely wife for ceiling fan...
by Bacchus01
Wed Apr 12, 2017 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Few questions to those who switched to Ally Checking
Replies: 69
Views: 5382

Re: Few questions to those who switched to Ally Checking

Thanks. I knew I wasn't the only one. I have a local plus Ally. Even if I could plan it, I don't even know how I'd get $5K in cash from Ally. They won't mail it to you. Do I have to go to the ATM every day for 10 days? What a pain. I wish they could create an affiliation with a national bank that w...
by Bacchus01
Wed Apr 12, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Few questions to those who switched to Ally Checking
Replies: 69
Views: 5382

Re: Few questions to those who switched to Ally Checking

I'm with Baccus - I guess because I am a car guy I tend to buy cars, antiques, etc. which means either cash or a wire to the seller. Including international wires which nowadays are a pain thanks to Homeland Security intercepting and screening the recipients. I have 2 local accounts - one joint acc...
by Bacchus01
Tue Apr 11, 2017 6:42 am
Forum: Personal Consumer Issues
Topic: Where to start - converting from generator/UPS to more reasonable solar / powerwall?
Replies: 70
Views: 5155

Re: Where to start - converting from generator/UPS to more reasonable solar / powerwall?

15 year old but barely used G75F1S Olympian (Caterpillar) generator set, producing 63 kW from natural gas, :shock: That's not a whole house backup that's a whole village backup. If you must have a backup the reasonable way to do it is to put in a 5kW or 10kW generator and prioritize the loads. The ...
by Bacchus01
Mon Apr 10, 2017 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Few questions to those who switched to Ally Checking
Replies: 69
Views: 5382

Re: Few questions to those who switched to Ally Checking

I'm curious of people that have gone completely online like Ally. What do you do if you need a lot of cash quickly? Like $5K today or in the next 48 hours? We have an ally account, but keep a local account for those instances mainly when we need a big chunk of cash quickly. That rarely happens, but...
by Bacchus01
Mon Apr 10, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Few questions to those who switched to Ally Checking
Replies: 69
Views: 5382

Re: Few questions to those who switched to Ally Checking

I'm curious of people that have gone completely online like Ally. What do you do if you need a lot of cash quickly? Like $5K today or in the next 48 hours? We have an ally account, but keep a local account for those instances mainly when we need a big chunk of cash quickly. That rarely happens, but ...
by Bacchus01
Sun Apr 09, 2017 7:55 am
Forum: Personal Consumer Issues
Topic: Online high school
Replies: 38
Views: 2331

Re: Online high school

Teacher here (bias alert), online learning options can be a good supplement but I've yet to see one act as a good replacement for traditional schooling. Most programs I have seen are very rote based with some task completion, this may get you the basics. But the best educational experiences usually...
by Bacchus01
Sun Apr 09, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 10249

Re: High Income earners, whats your Tax Strategy?

You can deduct mileage/travel to visit the properties which can be big if one is conveniently located at your favorite travel destination. Are there any guidelines on this? I'd be tempted to buy rentals near my parents if I could legitimately expense the airfare, which runs over $10K/trip for my fa...
by Bacchus01
Sun Apr 09, 2017 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8262

Re: Spending beyond my means, I think..is my budget out of whack?

:oops: How many times can we explain this...Pre School is not day care. Daycare is babysitting. Typically 40 he a week so the parents can work. Kids of any age. Preschool is an actual school with trained teachers and set curriculum. No they don't teach reading and algebra... But they do teach socia...
by Bacchus01
Sat Apr 08, 2017 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 10249

Re: High Income earners, whats your Tax Strategy?

Usual stuff: - max my 401k - wife contributes 100% to her 403B - backdoor Roth for both - HSA max - 529 for each of 3 kids plus wife and I What's the strategy in having 529s with you and your wife as beneficiaries? Are you actually planning to go back to school, or do you have a different use? We c...
by Bacchus01
Sat Apr 08, 2017 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 10249

Re: High Income earners, whats your Tax Strategy?

The last is an investment property which I reclass expenses to increase its value each year. Can you explain that? What does it mean to reclass expenses and how do you do that? Since it has no income, I can't write stuff off. What you can do is add to the basis any expenses you have. For example, I...
by Bacchus01
Sat Apr 08, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 10249

Re: High Income earners, whats your Tax Strategy?

The last is an investment property which I reclass expenses to increase its value each year. Can you explain that? What does it mean to reclass expenses and how do you do that? Since it has no income, I can't write stuff off. What you can do is add to the basis any expenses you have. For example, I...
by Bacchus01
Fri Apr 07, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 10249

Re: High Income earners, whats your Tax Strategy?

Usual stuff: - max my 401k - wife contributes 100% to her 403B - backdoor Roth for both - HSA max - 529 for each of 3 kids plus wife and I That's about $57K there In addition I do about $10K in a NQDC plan. The issue here is that if I leave before 55 and 10, which I fully expect I will, it pays out ...
by Bacchus01
Fri Apr 07, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: HDHP's - Does your employer offer them?
Replies: 47
Views: 1668

Re: HDHP's - Does your employer offer them?

For self-insured plans they really don't help the employer. I think this may be the answer. My company self-insures for medical. I am curious though why it doesn't help? Doesn't the company get to avoid paying a lot of costs that are now incurred by the employee working up to their annual deductibl...
by Bacchus01
Fri Apr 07, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Where's the sweet spot in the cost/benefit curve for floor speakers?
Replies: 40
Views: 2746

Re: Where's the sweet spot in the cost/benefit curve for floor speakers?

10 years ago I bought a full set of Klipsch Reference surround speakers with the large floor standing fronts. For $750 on craigslist. They were like new and had the original boxes. They would have been $3,500+ new. I really like Klipsch. But if I was buying new and wanted a great system at a very go...
by Bacchus01
Thu Apr 06, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP's - Does your employer offer them?
Replies: 47
Views: 1668

Re: HDHP's - Does your employer offer them?

HDHP's like HMO's started off great in terms of reducing spend/costs, but ultimately haven't succeeded in cutting costs as much as hoped. For self-insured plans they really don't help the employer Also, generally healthier people pick HDHP while less healthy people pick traditional PPO or HMO plans...
by Bacchus01
Thu Apr 06, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 6872

Re: How does one determine their "number" and what exactly does it mean?

I have a range. The first number is the "of something happens like I lost my job, we would be fine to cut back and never work again." For is that's around $3M. Then we have the "we could retire tomorrow and probably enjoy everything we wanted." That number is around $5M. Then th...
by Bacchus01
Thu Apr 06, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8262

Re: Spending beyond my means, I think..is my budget out of whack?

You've made your choices, so what is the question? It seems ridiculous to soend that kind of money on daycare so your wife can have a little away time. If you are asking about how to manage your budget, start there. If you say that it's critically important for your wife to get away, then your deci...
by Bacchus01
Wed Apr 05, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 8262

Re: Spending beyond my means, I think..is my budget out of whack?

You've made your choices, so what is the question? It seems ridiculous to soend that kind of money on daycare so your wife can have a little away time. If you are asking about how to manage your budget, start there. If you say that it's critically important for your wife to get away, then your decis...
by Bacchus01
Tue Apr 04, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 6872

Re: How does one determine their "number" and what exactly does it mean?

The above is appropriate. I have a range. The first number is the "of something happens like I lost my job, we would be fine to cut back and never work again." For is that's around $3M. Then we have the "we could retire tomorrow and probably enjoy everything we wanted." That numb...
by Bacchus01
Thu Mar 30, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Parents paying second home's expenses, but not paying rent?
Replies: 13
Views: 1949

Re: Parents paying second home's expenses, but not paying rent?

It sounds like you have no income and it's s family member. What are you trying to do? How can you say the OP has no income when the parents "contribute to the mortgage payment?" You are correct. I missed that. However, you can rent it for substantially below market to a relative, and sti...
by Bacchus01
Thu Mar 30, 2017 7:04 am
Forum: Investing - Help with Personal Investments
Topic: Few questions to those who switched to Ally Checking
Replies: 69
Views: 5382

Re: Few questions to those who switched to Ally Checking

I have had issues with mobile deposits. For some reason they will not take my quarterly Vanguard dividend checks of around $3K. Hate that. Sorry to go off-topic, but doesn't Vanguard offer the option of wiring dividends directly to your bank of choice? Yep. In fact I have it set up to deposit to my...
by Bacchus01
Thu Mar 30, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Parents paying second home's expenses, but not paying rent?
Replies: 13
Views: 1949

Re: Parents paying second home's expenses, but not paying rent?

It sounds like you have no income and it's s family member. What are you trying to do?

I would treat it as a vacation property and write off taxes and interest. Family can use it an unlimited amount and it doesn't change it being a second home.

It's what we do fit my in laws.
by Bacchus01
Wed Mar 29, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Few questions to those who switched to Ally Checking
Replies: 69
Views: 5382

Re: Few questions to those who switched to Ally Checking

I have had issues with mobile deposits. For some reason they will not take my quarterly Vanguard dividend checks of around $3K. Hate that.
by Bacchus01
Tue Mar 28, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9924

Re: Not opting for 529... anyone else?

As I said before, we use it as a multi generational education trust. We out in $3k per family member per year, including my wife and I, as that is the tax benefit level in WI. We will do that the rest of our lives. The rest of our lives as long as there is a tax deduction. I hope that will fund any ...
by Bacchus01
Tue Mar 28, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9924

Re: Not opting for 529... anyone else?

We do. We max out each year to get state tax deduct for 3 kids and wife and I. If kids don't use, we'll roll to grandkids someday. Creates a multigenerational education trust
by Bacchus01
Tue Mar 28, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?
Replies: 33
Views: 2844

Re: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?

What a terrible idea for all reasons already mentioned.

Sounds more like mom and dad are trying to stash some wealth away under their child's name to protect them from the IRS maybe
by Bacchus01
Fri Mar 24, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 105
Views: 14272

Re: What % of your income have you converted to wealth?

Interesting topic. Using SS income records, and current total net worth (including home equity) we are at about 50%. I actually thought it would be higher. If I include my wife's income, which hasn't been substantial relative to mine, I think the number might be 45% or even 40%. We are in our mid 40...

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