Search found 830 matches

by Bacchus01
Sat Feb 25, 2017 9:38 pm
Forum: Personal Consumer Issues
Topic: Caribbean vacation with 3 kids
Replies: 27
Views: 1834

Re: Caribbean vacation with 3 kids

Went to Paridisus Palma Real and Punta Cana in Dec. our kids ages 15, 11 and 7 absolutely loved it. We came right in at $8,500 with airfare from a Chicago with a 1400 sq ft double suite. All inclusive. Got $400 in Costco bucks plus 2% back on my Costco Visa plus 2% back for my membership. Net actual...
by Bacchus01
Sat Feb 25, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Please evaluate our situation
Replies: 44
Views: 2619

Re: Please evaluate our situation

Filling two 403bs and 2 Roth IRAs would be a lot of savings for a couple with a pension that is likely to cover much of your retirement. On the other hand, you may not have SS coming your way. Honestly, I completely disagree. My wife and I will get three pensions between us and we have maxed every ...
by Bacchus01
Sat Feb 25, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Please evaluate our situation
Replies: 44
Views: 2619

Re: Please evaluate our situation

Once those are taken care of, I can definitely see putting $1500/mo each into our 403b accounts. Trust me, we are pretty frugal! Filling two 403bs and 2 Roth IRAs would be a lot of savings for a couple with a pension that is likely to cover much of your retirement. On the other hand, you may not ha...
by Bacchus01
Sat Feb 25, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Please evaluate our situation
Replies: 44
Views: 2619

Re: Please evaluate our situation

Once those are taken care of, I can definitely see putting $1500/mo each into our 403b accounts. Trust me, we are pretty frugal! Filling two 403bs and 2 Roth IRAs would be a lot of savings for a couple with a pension that is likely to cover much of your retirement. On the other hand, you may not ha...
by Bacchus01
Sat Feb 25, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: Credit Suisse Yearbook 2017
Replies: 27
Views: 2038

Re: Credit Suisse Yearbook 2017

So to answer your question in the previous 760 years of the last 1000 years, humanity had progressed very little. In the thousand years before that, there was no discernible progress. BobK Bob I think your definition of "progress" lacks a sense of history? Or perhaps I just don't understa...
by Bacchus01
Sat Feb 25, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 484
Views: 114745

Re: Share your networth progression

Just the last few years or so of good records measured at year end, or YTD for 2015 2006 $425 2007 $500 2008 $345 2009 $592 2010 $796 2011 $918 2012 $1,129 2013 $1,435 2014 $1,622 2015 $1,861 (projected $2M+ by end of year) Actually, back in late 2007/early 2008 I had a bunch of stock options vest ...
by Bacchus01
Sat Feb 25, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Kids in Apartment Sharing Bedroom - Workable?
Replies: 55
Views: 3320

Re: Kids in Apartment Sharing Bedroom - Workable?

We have 3 boys. The two oldest shared a room when the oldest was 4 and the middle was just a baby. When three came along, he moved in with middle and oldest got his own room. Youngest two are now 11 and 8 and have always shared a room, despite the fact we have a 5 bedroom house. I'm curious why you...
by Bacchus01
Sat Feb 25, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Please evaluate our situation
Replies: 44
Views: 2619

Re: Please evaluate our situation

I don't understand the $375 a month to 403b. Why so low? Your mortgage seems low and you haven't said your other expense, but at your household income and that low a mortgage, why are you not maxing your 403b and putting in $3K a month? Moving to $1k in the future seems just not enough. Why are you ...
by Bacchus01
Wed Feb 15, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Kids in Apartment Sharing Bedroom - Workable?
Replies: 55
Views: 3320

Re: Kids in Apartment Sharing Bedroom - Workable?

Is this a real question? We have 3 boys. The two oldest shared a room when the oldest was 4 and the middle was just a baby. When three came along, he moved in with middle and oldest got his own room. Youngest two are now 11 and 8 and have always shared a room, despite the fact we have a 5 bedroom ho...
by Bacchus01
Sun Feb 12, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Which 25X is it? [Planning for retirement]
Replies: 51
Views: 3047

Re: Which 25X is it? [Planning for retirement]

I think C for your post ~65 time But for early retirement you have to look at the pre-65 separately. I actually break it down into 3 phases. If I want to retire at 50, then I need a certain amount to get us from 50 to 60. At 60 we can start dipping easily into our pre-tax investments. Then at ~65 we...
by Bacchus01
Sat Feb 11, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: How Much Cash Do You Actually Hold?
Replies: 110
Views: 10048

Re: How Much Cash Do You Actually Hold?

We always hold about $100K in cash. Not CDs, but just cash in savings accounts. I want to be able to make a quick move on a purchase without liquidating or waiting.

That represents under 5% of the portfolio
by Bacchus01
Sat Feb 11, 2017 11:37 am
Forum: Personal Consumer Issues
Topic: Costco refill HP color inkjet cartridges?
Replies: 19
Views: 1338

Re: Costco refill HP color inkjet cartridges?

It's Costco

If it sucks, take it back and say it sucks. Bam, get your money back.
by Bacchus01
Thu Feb 09, 2017 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be investing in a 457b plan offered by my job
Replies: 26
Views: 2249

Re: Should I be investing in a 457b plan offered by my job

My guess would be medical school. I have a few family members who are doctors and they all have huge student loans (not that high though). Medical school is very demanding, so they didn't work and had to loan out all their living expenses as well. Doesn't really change my comment Put the student lo...
by Bacchus01
Thu Feb 09, 2017 10:52 pm
Forum: Investing - Theory, News & General
Topic: Why don't stock prices go up on payday?
Replies: 43
Views: 3618

Re: Why don't stock prices go up on payday?

What day is payday? In my career I've been paid weekly on Fridays, biweekly on fridays, biweekly on Thursday's, semi monthly on the 1st and 15th and monthly on the 1st. Paydays are all over the place. Then you have when money gets deposited. When it comes to my 401k, the delay from payday to deposit...
by Bacchus01
Mon Feb 06, 2017 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be investing in a 457b plan offered by my job
Replies: 26
Views: 2249

Re: Should I be investing in a 457b plan offered by my job

How does any reasonably sane person rack up that kind of student debt? My guess would be medical school. I have a few family members who are doctors and they all have huge student loans (not that high though). Medical school is very demanding, so they didn't work and had to loan out all their livin...
by Bacchus01
Sun Jan 29, 2017 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be investing in a 457b plan offered by my job
Replies: 26
Views: 2249

Re: Should I be investing in a 457b plan offered by my job

How does any reasonably sane person rack up that kind of student debt? My guess would be medical school. I have a few family members who are doctors and they all have huge student loans (not that high though). Medical school is very demanding, so they didn't work and had to loan out all their livin...
by Bacchus01
Sun Jan 29, 2017 3:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 7357

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy Birthday!

Had no idea you are so "experienced"
by Bacchus01
Wed Jan 25, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be investing in a 457b plan offered by my job
Replies: 26
Views: 2249

Re: Should I be investing in a 457b plan offered by my job

How does any reasonably sane person rack up that kind of student debt?
by Bacchus01
Wed Jan 25, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: What Percentage (%) of Your Net Worth Should You Invest?
Replies: 13
Views: 2203

Re: What Percentage (%) of Your Net Worth Should You Invest?

How can you answer when the question doesn't make any sense.
by Bacchus01
Tue Jan 24, 2017 8:18 pm
Forum: Personal Consumer Issues
Topic: Why is Lexus not fixing its air bags?
Replies: 8
Views: 837

Re: Why is Lexus not fixing its air bags?

stats99 wrote:My understanding is that the supply of replacement airbags is severly constrained.The vast amount of replacements needed will take years to produce.

You don't think they could stop production of new cars and get you your airbag faster?
by Bacchus01
Tue Jan 24, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: HSA spent incorrectly
Replies: 4
Views: 738

Re: HSA spent incorrectly

I've never drawn from my HSA, so I'm curious how it gets reported. Do you fill out a schedule of expenses? Do you even report that you've drawn from it at all? I have $25k in an HSA. If I write myself a check today, how does that even get recorded with the IRS? With an FSA someone actually reviews t...
by Bacchus01
Mon Jan 23, 2017 9:46 pm
Forum: Personal Consumer Issues
Topic: Is Little League Slowly Dying? [Should my kids play this year?]
Replies: 38
Views: 3917

Re: Is Little League Slowly Dying?

As stated, the trend is towards specialization. This is even more true of the marginal or average athletes. We can debate whether that's good or not. However, when I grew up, most of us played multiple sports. At one time or another I played organized football, basketball, baseball, wrestling, track...
by Bacchus01
Mon Jan 23, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: Getting rid of mice
Replies: 94
Views: 5078

Re: Getting rid of mice

As others have said, plug all the holes you can. We had mice one year and I was literally catching like 3 a day in the kitchen. Oh no! Wife called the exterminator. He mainly went around and sealed all the openings. Most appear to have basically been coming up under the siding on one side of the hou...
by Bacchus01
Fri Jan 20, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Thinking of getting tires from Costco
Replies: 68
Views: 5654

Re: Thinking of getting tires from Costco

Recently had to replace tires on both my wife's vehicle and mine. Really wanted to go to Costco. But, their selection was poor and their prices were not competitive. They also rarely have fun-flats. I had the run-flats done at the local Firestone/Bridgestone location and my wife's 20" SUV tires...
by Bacchus01
Mon Jan 16, 2017 10:48 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 346
Views: 55188

Re: What are Costco's best deals?

I like Costco in theory better than reality. I don't like lines. Time is money.... Depends on the club location and day/time you go. Even on weekend mid-afternoons the lines at my local club aren't any longer than other stores and they move faster too. I would say that on average we get checked out...
by Bacchus01
Mon Jan 16, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 346
Views: 55188

Re: What are Costco's best deals?

- Gas - as said, they are at least $.25 cheaper per gallon n average. Do not have midgrade though, so I sometimes fill other places with mid then at half tank top off at a Costco. Midgrade is just a blend (at the pump) between high grade and regular. Notice that the mid grade rating number is an av...
by Bacchus01
Mon Jan 16, 2017 6:05 am
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 346
Views: 55188

Re: What are Costco's best deals?

- Gas - as said, they are at least $.25 cheaper per gallon n average. Do not have midgrade though, so I sometimes fill other places with mid then at half tank top off at a Costco. Midgrade is just a blend (at the pump) between high grade and regular. Notice that the mid grade rating number is an av...
by Bacchus01
Mon Jan 16, 2017 6:01 am
Forum: Personal Finance (Not Investing)
Topic: How am I doin?
Replies: 31
Views: 2804

Re: How am I doin?

Nice humblebrag....you make mid 6 figures, you know the national average is like $40k or something, why would you need to ask people on this site how you are doing? That's what I thought at first But, let's look again. OP is saying nothing about the investments in 401k and we need to know that. How...
by Bacchus01
Sun Jan 15, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to withholdings if I put 90% into 401k?
Replies: 19
Views: 2612

Re: What happens to withholdings if I put 90% into 401k?

2 years ago I decided to use my bonus paycheck 100% towards my 403b contribution. The paystub showed that Fica and Medicare taxes were deducted. That was a total of 7.65% deducted from the paycheck, the remaining 92.35% was contributed towards the 403b. Note: I spoked with HR a month before receivi...
by Bacchus01
Sun Jan 15, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: How High is Your TV?
Replies: 41
Views: 3552

Re: How High is Your TV?

Your eyes should line up with approximately 1/3 up form the bottom of the screen. That is optimal.
by Bacchus01
Sun Jan 15, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution [Maximum allowable?]
Replies: 12
Views: 1084

Re: HSA Contribution [Maximum allowable?]

Is there a reason you wouldn't just keep your hdhp? Once enrolled in Medicare, you are no longer an HSA eligible individual. Also, why would you keep the cost of a full fledged health care plan when Medicare plus a much lower cost Medicare Supplement policy will provide coverage. I understand that....
by Bacchus01
Sun Jan 15, 2017 1:47 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 346
Views: 55188

Re: What are Costco's best deals?

We've been members for about a year and have settled into a lot of things that we get once a week or once a month. I reviewed our spending in the last year and I believe we are saving at least $100/mo after joining Costco. This is a family of 5. Some things we buy there regularly: - Gas - as said, t...
by Bacchus01
Sat Jan 14, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10239

Re: Max It Out Tomorrow

Each year I max out on Jan 1 or as soon after: - two IRAs for backdoor - 5 X 529s (emphasis mine, not from OP) - Hsa re: this What does maxing out 529 mean? I have never been able to figure out what the cap is. Some say 14K per parent per 529 beneficiary, but then some say the limit is much higher ...
by Bacchus01
Sat Jan 14, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution [Maximum allowable?]
Replies: 12
Views: 1084

Re: HSA Contribution [Maximum allowable?]

Is there a reason you wouldn't just keep your hdhp? Once enrolled in Medicare, you are no longer an HSA eligible individual. Also, why would you keep the cost of a full fledged health care plan when Medicare plus a much lower cost Medicare Supplement policy will provide coverage. I understand that....
by Bacchus01
Sat Jan 14, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Vacant Land Tax Treatment
Replies: 1
Views: 266

Vacant Land Tax Treatment

I'll probably be a CPA, but thought I'd post here. We bought some vacant land in September primarily as an investment. We expect it to stay vacant for some time. We have no other investment properties, rentals, etc. My understanding is I can write off the carrying costs of the land as investment exp...
by Bacchus01
Wed Jan 04, 2017 1:15 am
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution [Maximum allowable?]
Replies: 12
Views: 1084

Re: HSA Contribution [Maximum allowable?]

No. The maximum HSA contribution is always prorated based on your months of eligibility including the catch-up contribution. In your case that would be $7,750 * 3 / 12 = $1,937.50. Note: If your spouse is an eligible individual and also >= age 55, then they can open their own HSA and contribute $1,...
by Bacchus01
Mon Jan 02, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10239

Re: Max It Out Tomorrow

Each year I max out on Jan 1 or as soon after:

- two IRAs for backdoor
- 5 X 529s
- Hsa
by Bacchus01
Mon Jan 02, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Your Retirement Number, or, calculating the funding ratio
Replies: 191
Views: 21985

Re: Your Retirement Number, or, calculating the funding ratio

Here is a much simpler process: Desired Income / Safe Withdrawl Rate Voila. Your target. For every complex problem there is an answer that is clear, simple, and wrong . - H. L. Mencken Let me put it another way, your way is too incredibly complicated with way too many variables to be estimated that...
by Bacchus01
Mon Jan 02, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 28085

Re: Whats your number to walk away?

$10M, but will probably walk at $5M
by Bacchus01
Mon Jan 02, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Your Retirement Number, or, calculating the funding ratio
Replies: 191
Views: 21985

Re: Your Retirement Number, or, calculating the funding ratio

Here is a much simpler process:

Desired Income / Safe Withdrawl Rate

Voila. Your target.
by Bacchus01
Sat Dec 31, 2016 1:51 pm
Forum: Investing - Theory, News & General
Topic: A new milestone
Replies: 20
Views: 2604

Re: A new milestone

I like to track this milestone as well. I think it's a fun note on the progress towards FI. We won't be there for 2016, but I think we could finally get there for 2017. These pesky raises I keep getting continue to push out this milestone :) The next milestone will be when your returns outpace your ...
by Bacchus01
Fri Dec 30, 2016 11:34 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 5503

Re: Tax Loss Harvesting - Is it worth it?

The $3k per year is significant enough when you are in the top tax bracket and a high state tax state. It more than pays for the maybe 1 hour a year that I spend on it. I usually look for significant down days in the market. The next day, if it's trending down again, I TLH. I have about $20K banked ...
by Bacchus01
Fri Dec 30, 2016 3:37 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 5503

Re: Tax Loss Harvesting - Is it worth it?

Honestly, I do it whenever I have a reasonable loss, which is usually more than $1000.

I find the long term benefit to be worth the minimal complexity it adds.
by Bacchus01
Fri Dec 30, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly Expenses in line or too much
Replies: 81
Views: 7061

Re: Monthly Expenses in line or too much

$270/ mo for 3 people?

Do you grow your own food? That seems unrealistically low.
by Bacchus01
Fri Dec 30, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Hit salary cap. Receiving lump sum in lieu of raise
Replies: 51
Views: 5427

Re: Hit salary cap. Receiving lump sum in lieu of raise

I don't see any issue here....does it really matter if you get a lump sum or if the extra compensation is spread across 12 months? 1- compounding. Over time it's a big difference 2- whether that pay is counted as part of a pension plan or other benefit plan (like life insurance) that is calculated ...
by Bacchus01
Thu Dec 29, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house for MIL
Replies: 14
Views: 1327

Re: Buying a house for MIL

My wife and I are considering helping her mother and long-term partner move into a house more appropriate for their golden years. Right now she lives in a 3 level house in the middle of college town and both the stairs and the property taxes are becoming burdensome for her. I'm not currently privy ...
by Bacchus01
Thu Dec 29, 2016 5:01 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 11138

Re: At what age, income, and NW would you buy a $50k car?

At mid-40s, with a financial situation very similar to what you listed, we do not have a $50K car. We have 2 cars that combined cost about $75K when we bought them. Don't see myself buying a $50K car anytime soon. However, buying a 2 year-old CPO with 20K miles on it that WAS a $50K car when new, no...
by Bacchus01
Thu Dec 29, 2016 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly Expenses in line or too much
Replies: 81
Views: 7061

Re: Monthly Expenses in line or too much

Total: $5,615. A fair bit higher than my previous estimate. $1,123/person Total: $7367 Total: $12,982 We better go on a budget diet! That is some impressive spending. :shock: Of course it is all relative. If your income is $500k per year you are doing just fine. 2 car payments over $600 and 3 house...
by Bacchus01
Thu Dec 29, 2016 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly Expenses in line or too much
Replies: 81
Views: 7061

Re: Monthly Expenses in line or too much

Still 2 days left for 2016 and according to YNAB app we spent: Electricity and gas average $1440 annually Water and garbage $720 Internet and cable $840 Cell phones $660 Car insurance $1860 Life insurance and disability insurance $1930 Food $6600 Gasoline 921 Restaurants $2980 Entertainment $532 Mi...
by Bacchus01
Thu Dec 29, 2016 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly Expenses in line or too much
Replies: 81
Views: 7061

Re: Monthly Expenses in line or too much

Excluding car, mortgage and property tax expenses, for a family of 5 with one a teenager, we spend right at $4,800/month Adding property costs on three properties and loans on two cars, we are at about ~$10K per month. Thought I'd add a bit more clarity and detail to mine, since we are doing our ye...

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