Search found 985 matches

by Bacchus01
Wed Aug 16, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA
Replies: 12
Views: 1167

Re: Backdoor Roth IRA

I think the institutional index fund is about the best fund you can get. I'd move my IRA into the 401k for that alone. The backdoor Roth is just a bonus. Thanks for your input. The historical returns have BEN good and the expense ratio cannot be beat. Is it advisable to invest in an index fund in a...
by Bacchus01
Wed Aug 16, 2017 7:05 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 23
Views: 1635

Re: Credit score dropped 100 points overnight

A few months back we refinanced our house and I apparently had a past due medical bill. Credit score had dropped to 690! Got that cleared up and off my record. Bought a car two weeks ago. Credit score was 830. Same service.
by Bacchus01
Mon Aug 14, 2017 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA
Replies: 12
Views: 1167

Re: Backdoor Roth IRA

I think the institutional index fund is about the best fund you can get. I'd move my IRA into the 401k for that alone. The backdoor Roth is just a bonus.
by Bacchus01
Mon Aug 14, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest after maxing out, with a twist
Replies: 10
Views: 1467

Re: Where to invest after maxing out, with a twist

I did something similar a few years back. You are already ahead from a planning stage. We had moved several times, and sold a house, cashed some options, etc and pretty soon we're sitting on like $400K thinking "what the heck?" We had a mess of investments but no rhyme or reason and we had done noth...
by Bacchus01
Sat Aug 12, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 90
Views: 5956

Re: What Percentage CASH are you?

We don't have a % target, but a dollar target. We try to hold around $100K in cash. Anything over that gets invested. $100K gives us flexibility to do just about anything we need to do, with enough buffer that we don't need to save up for it or liquidate an investment. Need a new car? Need to put a ...
by Bacchus01
Mon Aug 07, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: How do you deal with financial anxiety?
Replies: 40
Views: 2852

Re: How do you deal with financial anxiety?

Sorry if you thought I ignored you. Thank you for the input.

I was spending so much time defending not buying a Honda to those who completely missed the point.

You stated it better here.
by Bacchus01
Sun Aug 06, 2017 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Forced Early Retirement - Advice Sought
Replies: 32
Views: 4425

Re: Forced Early Retirement - Advice Sought

I'm a little confused as I don't know if I saw all the details. What are you getting for severance? What are you getting as a stay bonus? It looks like that is just $30K? That seems very light at your salary and experience if it is both. I would expect severance AND a stay bonus. Based on your age, ...
by Bacchus01
Sun Aug 06, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

And I have enormous anxiety over the purchase. And I make over $400K a year. Why in the world do we have these anxieties? My mistake. I did not see the 400k salary. With that salary drive what ever you want, unless you are in deep debt. I would purchas the Tesla. Ride in style with great gas milage...
by Bacchus01
Sun Aug 06, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

This is more of an emotional rant, but I'm curious if other people have as much trouble spending and why that is. Current example. I drive a 2012 CPO BMW 528i XDrivr. Bought in 2014 with 18k mikes. It recently had a significant issue, covered under warranty, but is at 95k miles and about to run out...
by Bacchus01
Sun Aug 06, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: 529: possible to use $140k parental gift tax exemption twice within 5 years with two children?
Replies: 17
Views: 1139

Re: 529: possible to use $140k parental gift tax exemption twice within 5 years with two children?

I believe that changing a beneficiary to your kid is considered a gift and is limited to $14,000 total in the 529 or $70,000 if you use the five year contribution rule. I though the actual gifting took place when you changed beneficiaries to a new generation??? In other words, when you are both the...
by Bacchus01
Sun Aug 06, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 89
Views: 7782

Re: 85/15 too aggressive at age 35?

I think you are too aggressive at 87/13 at your ages. You might consider a maximum of 80/20. Although you weathered the last big market drop, you only had invested an amount basically equal to what you invest now in a single year. Not much of a test in my mind. And I think at 35 they are too conser...
by Bacchus01
Sun Aug 06, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

I never used to spend money on more frivolous things; no wants, just needs. Frankly not even on needs. My wife is more a spender than I. We gave ourselves an allowance to limit her spending. That allowance enabled me to spend on things I never would have: nice items supporting my hobbies like more ...
by Bacchus01
Sun Aug 06, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: 529: possible to use $140k parental gift tax exemption twice within 5 years with two children?
Replies: 17
Views: 1139

Re: 529: possible to use $140k parental gift tax exemption twice within 5 years with two children?

I understand your question better. For yourself, you can contribute as much as the plan allows in one year. You are not limited to the $14/yr gift tax limits. I don't do that because I get a state tax deduction, so we only contribute annually up to the state tax deduction level for each account ($3,...
by Bacchus01
Sun Aug 06, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: 529: possible to use $140k parental gift tax exemption twice within 5 years with two children?
Replies: 17
Views: 1139

Re: 529: possible to use $140k parental gift tax exemption twice within 5 years with two children?

Assuming your goal is to open 529s pre-birth, and then superfund afterbirth. 529 funding is debated here on BH (e.g. fund retirement/HSA first, etc etc). Assuming you want to stick with goal, your plan seems overly complicated. I'd suggest: Go ahead and open 2 529 now in parents' names. Each can re...
by Bacchus01
Sun Aug 06, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 9705

Re: Do you count vehicle equity in net worth?

I'm kinda surprised that so many nominal Bogleheads don't seem to understand what Net Worth is, vis a vis Investible Assets. I thought that on average we had good financial literacy here. Oh well... Kind of ironic don't you think when you made up a definition of net worth that is totally incorrect ...
by Bacchus01
Sun Aug 06, 2017 8:04 am
Forum: Investing - Help with Personal Investments
Topic: 529: possible to use $140k parental gift tax exemption twice within 5 years with two children?
Replies: 17
Views: 1139

Re: 529: possible to use $140k parental gift tax exemption twice within 5 years with two children?

Assuming your goal is to open 529s pre-birth, and then superfund afterbirth. 529 funding is debated here on BH (e.g. fund retirement/HSA first, etc etc). Assuming you want to stick with goal, your plan seems overly complicated. I'd suggest: Go ahead and open 2 529 now in parents' names. Each can re...
by Bacchus01
Sat Aug 05, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: First Home - How Much *Should* I spend?
Replies: 8
Views: 967

Re: First Home - How Much *Should* I spend?

While I've lost money on two of our four houses, I would still tell my 20 something self "buy more house."

You spend so much time in it. Make it as nice as you can afford.
by Bacchus01
Sat Aug 05, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

You bought a 5 series BMW and think you have trouble spending? Obviously relative to your income that isn't a lot, but it isn't exactly a cheap car either. If you made $400k and were driving a 2003 Corolla I'd say you have trouble spending. Well, in perspective I paid about $36K for the BMW and $37...
by Bacchus01
Sat Aug 05, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

You bought a 5 series BMW and think you have trouble spending? Obviously relative to your income that isn't a lot, but it isn't exactly a cheap car either. If you made $400k and were driving a 2003 Corolla I'd say you have trouble spending. Well, in perspective I paid about $36K for the BMW and $37...
by Bacchus01
Sat Aug 05, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 89
Views: 7782

Re: 85/15 too aggressive at age 35?

I think you are too aggressive at 87/13 at your ages. You might consider a maximum of 80/20. Although you weathered the last big market drop, you only had invested an amount basically equal to what you invest now in a single year. Not much of a test in my mind. And I think at 35 they are too conser...
by Bacchus01
Fri Aug 04, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

Do you have this anxiety over every car/large purchase? Or, has it just started with this one? It has definitely changed over time. I used to fret over buying a new TV for $1K. Not so much. Ironically, I have zero anxiety on buying a house. Own three properties and looking for more. Have no anxiety...
by Bacchus01
Fri Aug 04, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

110 mile daily commuting, a new Honda Civic Type R fits you very well. Fun, reliable, and exciting. Can't buy honda. They compete with part of my business in another business. I'm brand passionate and will not support competitors anywhere. Also, the small cars are louder and are not as stable at hi...
by Bacchus01
Fri Aug 04, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

My experience with those brands has been overall excellent. Other than the BMW you're trying to get rid of! My experience is that Ford is the most reliable brand and that I will only need two in my lifetime, despite driving about 18,000 miles per year. But the statistics don't bear my experience ou...
by Bacchus01
Fri Aug 04, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

110 mile daily commuting, a new Honda Civic Type R fits you very well. Fun, reliable, and exciting. Can't buy honda. They compete with part of my business in another business. I'm brand passionate and will not support competitors anywhere. Also, the small cars are louder and are not as stable at hi...
by Bacchus01
Fri Aug 04, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

Truth is at your salary it's no big deal. But I think the anxiety stems from realizing your commuting costs are pretty expensive. No one likes to throw money away (in this case a new car every few years), regardless of how much they make. Didn't read all the comments but I'm assuming moving closer ...
by Bacchus01
Fri Aug 04, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

Do you have this anxiety over every car/large purchase? Or, has it just started with this one? It has definitely changed over time. I used to fret over buying a new TV for $1K. Not so much. Ironically, I have zero anxiety on buying a house. Own three properties and looking for more. Have no anxiety...
by Bacchus01
Fri Aug 04, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

This is more of an emotional rant, but I'm curious if other people have as much trouble spending and why that is. <car purchase example> Why in the world do we have these anxieties? Leaving aside the specifics of the car purchase, have you ever done any reading in behavioral economics? Books like D...
by Bacchus01
Fri Aug 04, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

I thought of buying a commuter and a truck or SUV, but I'm kind of out of space to park them at our current place. I have a 3 car but it is full with my and my wife's car and the third bay contains a restored 1940 Ford Pickup that has been in my family for 77 years. And my 16 year old will probably ...
by Bacchus01
Fri Aug 04, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

Nowizard wrote:My apologies if the comment was not clear, but it was intended to convey that the anxiety might be related to considering purchase of what is rated as a less than reliable vehicle as part of it.

Tim



No worries. Reliability concern is not even factoring into my anxiety.
by Bacchus01
Fri Aug 04, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

...I found a 2017 locally that has just 4K miles on it, only 4 months old. Fully loaded with every option on a Trail Hawk. Still under full warranty. $11K under sticker and $5K under best discounted price on a new unit anywhere in the country! It's perfect. Dealer offered me the high end of trade i...
by Bacchus01
Fri Aug 04, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

This is more of an emotional rant, but I'm curious if other people have as much trouble spending and why that is. Current example. I drive a 2012 CPO BMW 528i XDrivr. Bought in 2014 with 18k mikes. It recently had a significant issue, covered under warranty, but is at 95k miles and about to run out...
by Bacchus01
Fri Aug 04, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

I make 250 and save almost 200 after including company 401k match. I cannot bring myself to pay $41/month on a gym membership to give me access to a climbing wall that will bring me great joy. I clicked on the link thinking I had met a kindred spirit. My strategy is to bike to work (7 miles one way...
by Bacchus01
Fri Aug 04, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

Just for a little mental accounting that might help you put things in perspective. You will pay for this car in full for a little over 1 month of earnings. Is one month of earnings worth being anxious over? Is this really going to affect your financial well being in any significant way? I bought a ...
by Bacchus01
Fri Aug 04, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

I would say you have an IRRATIONAL fear which you are already cognizant that it is irrational. If it doesn't prevent you from doing what you want then accept it and move on. IF it is interfering with your life (social, job, etc...) then go see a mental health expert. Pretty simple. Good luck. Ha, I...
by Bacchus01
Fri Aug 04, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

You bought a 5 series BMW and think you have trouble spending? Obviously relative to your income that isn't a lot, but it isn't exactly a cheap car either. If you made $400k and were driving a 2003 Corolla I'd say you have trouble spending. Well, in perspective I paid about $36K for the BMW and $37...
by Bacchus01
Fri Aug 04, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

I suspect most anyone with a long commute would focus on the need for reliable transportation and all the related issues of time, traffic, concerns about other drivers, etc. Though you have high income, that is a pretty significant trade-off. The vehicle you are considering is popular, but it does ...
by Bacchus01
Fri Aug 04, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Re: Anyone else have trouble spending?

Car purchases are the 2nd largest purchase you make. Some people spend more on cars in their lifetime than their house. Haggling with dealers can be stressful and annoying. However, most people have to have transportation so it is a need more than a want. Jeep has questionable reliability lately. H...
by Bacchus01
Fri Aug 04, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else have trouble spending?
Replies: 91
Views: 5572

Anyone else have trouble spending?

This is more of an emotional rant, but I'm curious if other people have as much trouble spending and why that is. Current example. I drive a 2012 CPO BMW 528i XDrivr. Bought in 2014 with 18k mikes. It recently had a significant issue, covered under warranty, but is at 95k miles and about to run out ...
by Bacchus01
Wed Aug 02, 2017 7:09 pm
Forum: Personal Consumer Issues
Topic: Does mower brand matter much if they're all Briggs & Stratton engines?
Replies: 84
Views: 6843

Re: Does mower brand matter much if they're all Briggs & Stratton engines?

To the best of my knowledge, he's correct in principle that there are only a small handful of manufacturers. For riding lawn tractors, I'm aware of MTD and Husqvarna manufacturing for multiple different brands, and John Deere and Simplicity (Snapper) focusing on their own brands. I haven't tried to...
by Bacchus01
Wed Aug 02, 2017 7:15 am
Forum: Personal Consumer Issues
Topic: Does mower brand matter much if they're all Briggs & Stratton engines?
Replies: 84
Views: 6843

Re: Does mower brand matter much if they're all Briggs & Stratton engines?

I would strongly suggest a Toro unit with a Kohler engine. They are, on average, the highest rated mowers just below Honda at much lower cost. They are far superior to B&S. Kohler is the market leader in commercial engines for turf. Kawasaki is also rated well. Toro & John Deere use them on...
by Bacchus01
Wed Aug 02, 2017 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4105

Re: Finance as a college major?

Finance is more math intensive than other Business majors (except Economics). Many students get into finance majors until they realize how much math it requires. Then they go into Business Admin, Marketing, or some such, all of which requires far less math. Most American-born students are math-phob...
by Bacchus01
Wed Aug 02, 2017 5:52 am
Forum: Personal Finance (Not Investing)
Topic: The age old debate 30 vs 15 [year mortgage rate]
Replies: 41
Views: 4626

Re: The age old debate 30 vs 15 [year mortgage rate]

Personally, I am always a fan of going 30 years instead of 15. The reason is that I value the flexibility to have a lower mortgage payment in case of hard times. In good times I can always overpay my monthly required payment which reduces the effective interest rate in the long run. This is what I'...
by Bacchus01
Wed Aug 02, 2017 5:50 am
Forum: Personal Finance (Not Investing)
Topic: The age old debate 30 vs 15 [year mortgage rate]
Replies: 41
Views: 4626

Re: The age old debate 30 vs 15 [year mortgage rate]

Personally, I am always a fan of going 30 years instead of 15. The reason is that I value the flexibility to have a lower mortgage payment in case of hard times. In good times I can always overpay my monthly required payment which reduces the effective interest rate in the long run. This is what I'...
by Bacchus01
Wed Aug 02, 2017 5:46 am
Forum: Personal Consumer Issues
Topic: Does mower brand matter much if they're all Briggs & Stratton engines?
Replies: 84
Views: 6843

Re: Does mower brand matter much if they're all Briggs & Stratton engines?

I would strongly suggest a Toro unit with a Kohler engine. They are, on average, the highest rated mowers just below Honda at much lower cost. They are far superior to B&S. Kohler is the market leader in commercial engines for turf.
by Bacchus01
Wed Aug 02, 2017 5:43 am
Forum: Personal Consumer Issues
Topic: Does mower brand matter much if they're all Briggs & Stratton engines?
Replies: 84
Views: 6843

Re: Does mower brand matter much if they're all Briggs & Stratton engines?

Going to give you a tip MTD makes about 90% of the push or walk behind mowers. They due have different designs for different brands. This is incorrect. While MTD does make under a number of different brands, they only make about 20% of all push mowers. Toro and Husqvarna also make about 20% each an...
by Bacchus01
Sat Jul 29, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: Wooden flooring in kitchen
Replies: 51
Views: 4157

Re: Wooden flooring in kitchen

Wood floors in the kitchen in the last 3 houses. Current house is near 15 years. Refinished once.

Get SOLID wood floors. They hold up much better to wear and especially water. Engineered floors damage very quickly with water.
by Bacchus01
Sun Jul 16, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Milestone: 20 Times Annual Expense
Replies: 95
Views: 8827

Re: Personal Finance Milestone: 20 Times Annual Expense

Very cool. We are about there too, but with son one looking at college in 2019, that formula will likely change.
by Bacchus01
Sun Jul 16, 2017 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: 4% mortgage rate vs 2.5% BND yield
Replies: 92
Views: 6869

Re: 4% mortgage rate vs 2.5% BND yield

Easy. I dthink my buy bonds except in tax deferred areas and I don't pay down my mortgage.

I did just refinance from an ARM that reset to 4.25 from 2.25 and went to a 15 fixed at 3.125.

Took 10 years off
by Bacchus01
Fri Jun 30, 2017 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 7773

Re: Can you share some of your financial goals?

I thought you'd get healthcare. Good for you. That is HUGE with regards to the options it provides you. Many people have to keep working for that one reason alone.
by Bacchus01
Thu Jun 29, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 7773

Re: Can you share some of your financial goals?

Maybe not low when taking into account all those other things. I guess you are keeping your finances separate from your husband in this scenario? As for opening a business on $100k. Not sure what business that would be, but I guess you have time to decide. Your retirement pension is substantial. Wit...