Search found 769 matches

by Bacchus01
Wed Nov 16, 2016 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Take SS at 62 or wait ?
Replies: 74
Views: 7558

Re: Take SS at 62 or wait ?

I think there is a very significant pure financial argument for waiting as long as you can. However, there are very real personal and physical reasons why you should take it early. Spending $1K when you are 62 is highly likely to be more enjoyable than spending $1,300 when you 85. I personally will ...
by Bacchus01
Wed Nov 16, 2016 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Justifying after-tax 401K and backdoor ROTH capability to megacorp
Replies: 6
Views: 441

Justifying after-tax 401K and backdoor ROTH capability to megacorp

Does anyone have any experience convincing their company to add an after-tax with in-service withdrawal capability to their 401K? I'd like to be able to do the mega backdoor ROTH. Are there any definitive references or articles on this subject I could point our benefits VP to?
by Bacchus01
Wed Nov 09, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: Just don't panic
Replies: 61
Views: 8689

Re: Just don't panic

Don't panic, but certainly tax loss harvest. Don't lose that opportunity. The market is more likely to bounce than stay down very long.
by Bacchus01
Tue Nov 08, 2016 8:03 pm
Forum: Personal Consumer Issues
Topic: BMW X5 M - Should I buy?
Replies: 46
Views: 4050

Re: BMW X5 M - Should I buy?

We've owned several BMWs. Great vehicles to drive.

Get a 2 year old with 20K miles CPO. Never ever buy a BMW private party. I honestly think a CPO as I described is a fantastic deal versus even a new one.
by Bacchus01
Mon Nov 07, 2016 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 20667

Re: How to retire early (in your 30s or 40s)?

Don't mean to sidetrack the thread, but just curious those who will be retiring in 30's and 40's plan to do for the next 40-50 yrs. of their lives? I'm trying to figure out if these folks have a plan already or just going to wing it after retirement. Someone on a different thread had a great piece ...
by Bacchus01
Sun Nov 06, 2016 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 20667

Re: How to retire early (in your 30s or 40s)?

I plan to retire late 40's, probably 50 at the latest. Of course, retire doesn't mean never work again, it just means do something entirely different. But for the sake of argument, let's say it means never work again because we will be financially independent at that point. I think you have to plan ...
by Bacchus01
Sun Nov 06, 2016 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-loss harvesting question
Replies: 7
Views: 799

Re: Tax-loss harvesting question

Nate79 wrote:401k is not included in potential wash sale issues for tax loss harvesting. So far all I have seen is IRA accounts and taxable accounts are included.


I believe this is completely false.
by Bacchus01
Sun Nov 06, 2016 3:42 pm
Forum: Investing - Theory, News & General
Topic: Continuous TLH Strategy
Replies: 18
Views: 1265

Re: Continuous TLH Strategy

I TLH whenever there is a loss, even if I bought them yesterday.
by Bacchus01
Sun Nov 06, 2016 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Where To Put Your Emergency Fund?
Replies: 11
Views: 1744

Re: Where To Put Your Emergency Fund?

I keep about 10 months of expenses in money market deposits at several banks. This is not so much an emergency fund as a rapid access fund. If I need to make a big purchase, I have ready access to it. I then keep approximately 5 months in a tax exempt bond fund at Vanguard. Accessible within several...
by Bacchus01
Tue Sep 13, 2016 11:44 am
Forum: Personal Finance (Not Investing)
Topic: What shape is your net worth curve?
Replies: 45
Views: 5969

Re: What shape is your net worth curve?

Over that period of time, and especially in the beginning, I would expect it to look fairly linear to the eye. Contributions are often much larger than gains and you often have a pretty steady rate of contributions. That said, I would bet if you actually put some statistical analysis to it, you like...
by Bacchus01
Mon Sep 05, 2016 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a Job Offer
Replies: 45
Views: 8578

Re: Negotiating a Job Offer

thanks for the elaboration. I agree with your assessments and would say there is a compounding and network effect going on for the TOP MBA candidates where earlier success begets more opportunities. If you have thoughts on how an enterprising 2nd Tier MBA can differentiate themselves and score at t...
by Bacchus01
Mon Sep 05, 2016 9:45 pm
Forum: Personal Consumer Issues
Topic: Wood Chipper -- Harbor Freight?
Replies: 40
Views: 3270

Re: Wood Chipper -- Harbor Freight?

I have personally been in the factories where the Harbor Freight wood chippers are built in China. Do not buy one. Rent one or cut the trees and haul them to one spot and hire the tree service people to come mulch them for you. They like to do that on off days when they aren't busy as it's easy fast...
by Bacchus01
Wed Aug 31, 2016 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: $50M+ - Need a sounding board/advice
Replies: 205
Views: 23007

Re: $50M+ - Need a sounding board/advice

Coach flights with kids?

That's one thing I'd splurge on for international flights. For sure.
by Bacchus01
Mon Aug 22, 2016 12:52 am
Forum: Personal Consumer Issues
Topic: Favorite Asian Vacation?
Replies: 37
Views: 3755

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: 45
Views: 8578

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: 1443

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: 27
Views: 4135

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: 304
Views: 42726

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: 3304

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: 2173

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: 6626

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: 2284

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: 1086
Views: 184531

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: 8303

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: 1030

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: 2181

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: 2181

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: 3573

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: 7405

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: 2220

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: 2955

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: 5208

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: 6280

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: 3639

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: 3639

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: 9021

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: 3223

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: 688

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: 1197

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: 1197

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: 25472

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: 25472

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: 4328

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: 8411

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: 5687

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: 11087

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: 1995

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: 4500

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: 9424

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...

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