Search found 807 matches

by Bacchus01
Fri Jan 20, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Thinking of getting tires from Costco
Replies: 66
Views: 4468

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: 53598

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: 53598

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: 53598

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: 2720

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: 13
Views: 1949

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: 3336

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: 1027

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: 53598

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: 10049

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: 1027

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: 250

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: 1027

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: 10049

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: 183
Views: 18743

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: 27053

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: 183
Views: 18743

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: 2547

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: 5279

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: 5279

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: 6901

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: 5304

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: 1313

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: 10793

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: 6901

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: 6901

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: 6901

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...
by Bacchus01
Wed Dec 28, 2016 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: What home maintenance issues to expect after a decade or so in a home
Replies: 18
Views: 1842

Re: What home maintenance issues to expect after a decade or so in a home

Water heater for sure. F you are not replacing the anode every year, id suggest just replacing it as a precaution at around 10 years. Caulk your tub and shower regularly. Don't need water getting in the walls/floor. Change your furnace filters regularly and they'll last longer. Garbage disposal? Als...
by Bacchus01
Wed Dec 28, 2016 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly Expenses in line or too much
Replies: 81
Views: 6901

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.
by Bacchus01
Wed Dec 28, 2016 9:34 pm
Forum: Investing - Theory, News & General
Topic: How many of you invest 100% at Vanguard?
Replies: 118
Views: 7275

Re: How many of you invest 100% at Vanguard?

We are retired but left our 401k plans with our past employer due to the availability of a stable value fund and for the extra lawsuit protection a 401k gives you over an IRA. Our taxable account and IRA's are 100% at Vanguard. The other advantage can be access to Institutional funds. I am have two...
by Bacchus01
Wed Dec 28, 2016 9:31 pm
Forum: Investing - Theory, News & General
Topic: How many of you invest 100% at Vanguard?
Replies: 118
Views: 7275

Re: How many of you invest 100% at Vanguard?

All after tax at Vanguard

Almost all 401k investments in 4 different accounts are invested in Vanguard funds. I wish those counted towards your status level.
by Bacchus01
Tue Dec 13, 2016 10:58 pm
Forum: Personal Consumer Issues
Topic: How old is your vehicle?
Replies: 200
Views: 13475

Re: How old is your vehicle?

2012 BMW 77K miles. Will replace probably by summer with around 90K miles. Thinking Grand Cherokee Diesel at this point.

Wife has a 2014 Acadia Denali with 52K miles. Will likely replace when new Acadia platform comes out or around 100K
by Bacchus01
Mon Dec 12, 2016 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 86
Views: 12012

Re: Age to Take Social Security: The Ideal and the Reality

I honestly don't fully understand the "wait" decision from a financial standpoint. You are taking a lot of risk by not taking the money. And the payback timeline for a breakeven analysis for most people is in their early 80s, which is at roughly the current mortality age for men/women. Th...
by Bacchus01
Mon Dec 12, 2016 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 86
Views: 12012

Re: Age to Take Social Security: The Ideal and the Reality

I honestly don't fully understand the "wait" decision from a financial standpoint. You are taking a lot of risk by not taking the money. And the payback timeline for a breakeven analysis for most people is in their early 80s, which is at roughly the current mortality age for men/women. The...
by Bacchus01
Sun Dec 11, 2016 11:56 am
Forum: Personal Consumer Issues
Topic: Ideal two vehicle combo?
Replies: 73
Views: 6084

Re: Ideal two vehicle combo?

If you're serious about maybe having three kids at some point, you're in minivan territory. At the very least you're best off only looking at vehicles with three rows of seats. We have three kids and no sedan/coupe/small SUV is enough. They just don't have enough space for three in one row. Trust m...
by Bacchus01
Sun Dec 11, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: Ideal two vehicle combo?
Replies: 73
Views: 6084

Re: Ideal two vehicle combo?

4 runner can probably handle 2 adults, 1 child and a dog on a trip if you use a rooftop cargo box or small trailer to provide additional storage space. You may be able to handle 1 more kid in the 4 Runner. The third child is going to force you into something like a Honda Odyssey. The 3rd child is a...
by Bacchus01
Sun Dec 11, 2016 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Do you have a preferred approach to making the max Roth IRA contributions?
Replies: 30
Views: 1523

Re: Do you have a preferred approach to making the max Roth IRA contributions?

We do our backdoor Roth on the first business day of the year. We also fund all 5 of our 529s at the same time.

There is no timing reason other than its now done and we get the time benefit of the money hopefully growing tax free just that much time longer. That's an if, of course.
by Bacchus01
Sun Dec 11, 2016 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Do you have a preferred approach to making the max Roth IRA contributions?
Replies: 30
Views: 1523

Re: Do you have a preferred approach to making the max Roth IRA contributions?

I lump sum, but this doesn't require me to take from an emergency fund. I would be wary of that. Considering you can take it right back out, I would not be concerned that it takes from your emergency fund. In fact, may people (including me) consider the contributions to their Roth as part of their ...
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: 7915

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: 477

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: 8896

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: 4481

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: 22837

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: 22837

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: 831

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: 1506

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: 1914

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: 6154

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: 8798

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: 3533

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...

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