Search found 3152 matches

by Bacchus01
Sun Oct 20, 2019 11:09 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4794
Views: 1249551

Re: What Movie Have You Recently Watched?

Watched Fractured on Netflix. They completely Telegraphed where the movie was headed, which when they did end that way I thought "why did I just watch this?". We watched last night and I felt quite differently. Well done movie. My wife, son and his GF were captivated. While the ending was somewhat ...
by Bacchus01
Sun Oct 20, 2019 7:13 am
Forum: Personal Finance (Not Investing)
Topic: vacation home
Replies: 19
Views: 3193

Re: vacation home

Put it in a trust with a maintenance fund that will pay taxes and upkeep into perpetuity.

Otherwise you are just setting up a future generation for a fight. Might not be the 4, but it will happen.
by Bacchus01
Sat Oct 19, 2019 9:13 pm
Forum: Personal Consumer Issues
Topic: SAT/ACT prep courses worth the money?
Replies: 47
Views: 3118

Re: SAT/ACT prep courses worth the money?

Around here there are some reasonably inexpensive prepr courses (<$100). My son felt they really helped prepare on how to take the test, not really with any content itself. He scored a 32 on the ACT. I don’t know if the prep helped him or not, but it certainly did not hurt.
by Bacchus01
Fri Oct 18, 2019 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5571

Re: Should I take the job in OKC or Orlando?

I would look for other options.
by Bacchus01
Fri Oct 18, 2019 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Handling a substantial salary increase - suggestions?
Replies: 27
Views: 3738

Re: Handling a substantial salary increase - suggestions?

You aren’t there on your own, but if you have more household income start looking at some taxes that kick in over $250k and find ways to avoid them (401k, deferred comp, HSA, etc)
by Bacchus01
Sat Oct 12, 2019 8:05 am
Forum: Investing - Theory, News & General
Topic: highly compensated employee (HCE) Time bomb?
Replies: 91
Views: 8863

Re: highly compensated employee (HCE) Time bomb?

If you are an HCE, you can still contribute to a tax-deferred account, but not just max it out like you currently want to. Instead, just start thinking that “your” max is only 2/3 of what it really is. You will still get the benefits and be glad in retirement that you don’t have “too much” in tax-d...
by Bacchus01
Sat Oct 12, 2019 7:05 am
Forum: Investing - Theory, News & General
Topic: highly compensated employee (HCE) Time bomb?
Replies: 91
Views: 8863

Re: highly compensated employee (HCE) Time bomb?

IMHO the employer that allows HCE to trigger, and not provide a safe harbor plan, is penny wise and pound foolish. Meeting the qualifications of a safe harbor plan through reasonable matches is not very expensive, makes an effort to take care of all employees, and is far less than a pension scheme....
by Bacchus01
Fri Oct 11, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 84
Views: 9890

Re: Refinance Mega Thread

I searched multiple online sites and the offers seemed oddly high, I talked to Ally and the rates were downright silly ( around 4%), then I went to my local CFCU and got a great offer, refinancing from a 30 yr fixed at 4% (4.2 APR) to a 15 yr fixed 2.85 % no points and closing costs of about 1700 (...
by Bacchus01
Fri Oct 11, 2019 12:39 pm
Forum: Personal Investments
Topic: What should Bond Percentage be as I age?
Replies: 11
Views: 1441

Re: What should Bond Percentage be as I age?

A general rule often used here is age in bonds. Some have suggested 110-age in equities. It’s really up to you depending on your goals, ability, willingness and desire to take risk. At 46, we are 99% equities most days. It is a good idea to at least attempt to think through the issues of goals, abi...
by Bacchus01
Fri Oct 11, 2019 8:53 am
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 19871

Re: John Bogle’s formula says 1% real stock returns likely over next decade

Until someone can tell me why the risk premium is going to collapse, I just don’t buy that the future, in real terms, will be so consistently and dramatically different. Because most investors, including most BHers, now believe that in the long run, stocks are safe investments. Historically, that h...
by Bacchus01
Fri Oct 11, 2019 8:44 am
Forum: Personal Investments
Topic: What should Bond Percentage be as I age?
Replies: 11
Views: 1441

Re: What should Bond Percentage be as I age?

A general rule often used here is age in bonds. Some have suggested 110-age in equities.

It’s really up to you depending on your goals, ability, willingness and desire to take risk.

At 46, we are 99% equities most days.
by Bacchus01
Fri Oct 11, 2019 8:41 am
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 19871

Re: John Bogle’s formula says 1% real stock returns likely over next decade

I gave you two reasons (among many others) as to why you shouldn't expect the future to be like the past, which was your question. I'm not sure one of those reasons are "risk profile changes" like you do. How could I answer you why our risk profile has changed drastically when I'm not even sure it ...
by Bacchus01
Thu Oct 10, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: How Many Allowances To Avoid Any Federal and State Witholding?
Replies: 13
Views: 1563

Re: How Many Allowances To Avoid Any Federal and State Witholding?

Assuming your AGI will be over $150,000 (over $75,000 if you are married filing separately), you must pay the lower of 90% of the tax shown on the current year’s return or 110% of the tax shown on the return for the previous year to avoid a penalty. Therefore, if your tax shown for the previous yea...
by Bacchus01
Thu Oct 10, 2019 10:17 pm
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 19871

Re: John Bogle’s formula says 1% real stock returns likely over next decade

Two reasons: 1) We don't know if the past is representative of true returns. No amount of past evidence is enough to conclude future occurances because we wouldn't know how unlikely the past was to have occurred in the first place. This is known as the problem of induction. 2) More practically, ass...
by Bacchus01
Thu Oct 10, 2019 8:46 pm
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 19871

Re: John Bogle’s formula says 1% real stock returns likely over next decade

My question is, why? Why would we expect the future to be different than the past? I know we often say the past does not indicate the future, it then I also question, we’ll, why do we think it’ll be radically different? Two reasons: 1) We don't know if the past is representative of true returns. No...
by Bacchus01
Thu Oct 10, 2019 6:52 pm
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 19871

Re: John Bogle’s formula says 1% real stock returns likely over next decade

My question is, why? Why would we expect the future to be different than the past? I know we often say the past does not indicate the future, it then I also question, we’ll, why do we think it’ll be radically different? Two reasons: 1) We don't know if the past is representative of true returns. No...
by Bacchus01
Thu Oct 10, 2019 9:59 am
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 19871

Re: John Bogle’s formula says 1% real stock returns likely over next decade

My question is, why? Why would we expect the future to be different than the past? I know we often say the past does not indicate the future, it then I also question, we’ll, why do we think it’ll be radically different? Among other things, I am a small businessman. Specifically one area I have an p...
by Bacchus01
Thu Oct 10, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: How Many Allowances To Avoid Any Federal and State Witholding?
Replies: 13
Views: 1563

Re: How Many Allowances To Avoid Any Federal and State Witholding?

Just bumping this instead of creating a new thread. Last year we paid about $65K in federal taxes. This year through payroll deduction we'll pay over $100K. However, we will likely owe taxes at tax time of another $30K. My understanding, however, is that because what we withheld through payroll is m...
by Bacchus01
Thu Oct 10, 2019 5:39 am
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 19871

Re: John Bogle’s formula says 1% real stock returns likely over next decade

It seems to me the prudent thing to do, if you believe in 1%, is switch to a dividend strategy: A porfolio heavily invested in consumer staple companies that have a demonstrated ability to turn a profit without growth. They would likely strive to reduce expenses to increase profitability and share ...
by Bacchus01
Thu Oct 10, 2019 5:38 am
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 19871

Re: John Bogle’s formula says 1% real stock returns likely over next decade

Whenever people look at future return scenarios, the consensus seems to be that future returns will be lower. I have yet to see lots of predictions that it will be higher. My question is, why? Why would we expect the future to be different than the past? I know we often say the past does not indicat...
by Bacchus01
Mon Oct 07, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: 529 savings?
Replies: 19
Views: 2635

Re: 529 savings?

Thanks for the replies. We get a state tax deduction of 4.25% up to 10k of contributions. We will be exceeding this deduction limit going forward with 18k of contributions per year in total. I have them all in the age banded moderate aggressive state sponsored 529 fund so they have decent exposure ...
by Bacchus01
Sun Oct 06, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: 529 savings?
Replies: 19
Views: 2635

Re: 529 savings?

Do you get a state tax deduction? Many (myself included) would argue that the benefit of a 529 without a Tate tax deduction is greatly diminished to the point that the LLC of flexibility may outweigh the tax gains and you are better off in after-tax and skipping the 529s. But there are a lot more th...
by Bacchus01
Fri Oct 04, 2019 5:11 pm
Forum: Investing - Theory, News & General
Topic: Why not use Margin Loan as eFund?
Replies: 63
Views: 4123

Re: Why not use Margin Loan as eFund?

Most people don't have a $100,000 taxable account, especially when they're at the phase of their life where they most need an emergency fund. By the time most people have a $100,000 taxable account, you'll find many people saying they no longer need an emergency fund at all. Really? I have never, e...
by Bacchus01
Fri Oct 04, 2019 5:09 pm
Forum: Personal Consumer Issues
Topic: Camper Trailers
Replies: 17
Views: 2254

Re: Camper Trailers

The RV industry was down about 15% last year and more than 20% this year. You should be able to get a screaming deal, especially as we roll into fall. If you aren’t getting a huge percentage off, find another dealer.
by Bacchus01
Thu Oct 03, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: Why not use Margin Loan as eFund?
Replies: 63
Views: 4123

Re: Why not use Margin Loan as eFund?

Most people don't have a $100,000 taxable account, especially when they're at the phase of their life where they most need an emergency fund. By the time most people have a $100,000 taxable account, you'll find many people saying they no longer need an emergency fund at all. Really? I have never, e...
by Bacchus01
Thu Oct 03, 2019 5:44 am
Forum: Personal Consumer Issues
Topic: Solar Installation - 0.75 Year Later
Replies: 72
Views: 9817

Re: Solar Installation - 0.75 Year Later

Thanks for this information. You have basically the equivalent of a tax-free bond yielding about 20% a year so far, right? That's amazing! Haha, I wish it were so easy to calculate ROI. Unlike a five year bond, you won't get the full investment back in five years (neglecting potential increases in ...
by Bacchus01
Tue Oct 01, 2019 8:55 pm
Forum: Personal Consumer Issues
Topic: Which prefab shower to get?
Replies: 3
Views: 571

Re: Which prefab shower to get?

Kohler makes amazing products.
by Bacchus01
Tue Oct 01, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA instead of 529 plan
Replies: 54
Views: 2753

Re: Roth IRA instead of 529 plan

If it's either/or, then fund the Roth. If you get a state tax deduction, and you have filled your Roth already, as well as all other retirement vehicles, THEN do a 529. That's a bit simplistic. With a Roth, you cannot use growth without penalty. Only contributions. That means a parent wanting to sa...
by Bacchus01
Tue Oct 01, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA instead of 529 plan
Replies: 54
Views: 2753

Re: Roth IRA instead of 529 plan

If it's either/or, then fund the Roth.

If you get a state tax deduction, and you have filled your Roth already, as well as all other retirement vehicles, THEN do a 529.
by Bacchus01
Tue Oct 01, 2019 6:44 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation Approaching Age 40s
Replies: 22
Views: 2670

Re: Asset Allocation Approaching Age 40s

At 46, we are 98/2 equities and I would not recommend differently for others given bond returns and long-term (20+ year) outlook.
by Bacchus01
Sat Sep 28, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Pay-off mortgage before FAFSA?
Replies: 19
Views: 1395

Re: Pay-off mortgage before FAFSA?

Do the FAFSA form with numbers using assets you have. Redo it with numbers assuming some assets have paid off your mortgage. I would expect that if you have income, it's going to dominate over assets. I know it's easy to fixate on assets. I did. During one college finance seminar, I stood up during...
by Bacchus01
Sat Sep 28, 2019 7:42 am
Forum: Investing - Theory, News & General
Topic: When do you see effects of compound interest on net worth?
Replies: 36
Views: 4072

Re: When do you see effects of compound interest on net worth?

snackdog wrote:
Sat Sep 28, 2019 7:26 am
Many of you have yet to see your investment losses exceed your income. That's when you know you have some interesting savings.
I’ve had swings of more than $150k in a given month. And no, that’s not more than my income, but that’s because I focused on my income.
by Bacchus01
Sat Sep 28, 2019 7:41 am
Forum: Investing - Theory, News & General
Topic: When do you see effects of compound interest on net worth?
Replies: 36
Views: 4072

Re: When do you see effects of compound interest on net worth?

At what multiple of net worth do you feel that compound interest adds to annual net worth increase more than income? This is a great question and one that comes up here often. While the bull market has given high confidence and high returns, even then the growth and dividends do not outweigh my con...
by Bacchus01
Sat Sep 28, 2019 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Ideal income bracket target?
Replies: 49
Views: 5025

Re: Ideal income bracket target?

AlohaJoe wrote:
Sat Sep 28, 2019 7:28 am
Surely the ideal bracket is 35% because that means you have lots and lots of money. Having less money in order to pay less tax is not "ideal", it is crazy.
In the earning phase, sure, but that’s not what the OP is referencing.
by Bacchus01
Sat Sep 28, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20258

Re: financially clueless senior MIL who thinks she’s rich

She doesn’t sound the least bit crazy nor does she sound like she thinks she’s rich. She actually sounds like she is making a decent decision and wants to live what is left of her likely very short life well. Why not?
by Bacchus01
Sat Sep 28, 2019 7:18 am
Forum: Personal Consumer Issues
Topic: Buying a home with unpermitted addition
Replies: 59
Views: 6242

Re: Buying a home with unpermitted addition

Do you know why the sellers don’t want to take care of it? Because maybe they know it’s going to be a major PITA or an issue and don’t want to deal with it.

I wouldn’t touch it.
by Bacchus01
Sat Sep 28, 2019 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Refinance 7/1 ARM mortgage
Replies: 33
Views: 3184

Re: Refinance 7/1 ARM mortgage

I would refi now into a new 7/1 ARM if no point no closings cost rate is .25% lower. If rates drop further in the future, rinse and repeat.... I refi’d 6 times with 7/1 ARMs from 2009-2012 until rate bottomed out at 2.5%. Each refi, I didn’t think rates could go lower but they did. If you wait to s...
by Bacchus01
Wed Sep 25, 2019 9:58 am
Forum: Personal Consumer Issues
Topic: Buying a home with unpermitted addition
Replies: 59
Views: 6242

Re: Buying a home with unpermitted addition

You mention the HOA. I hope they don't have any issues with anything involving the sale. I just got an email from my HOA saying that three pallets of roof tiles left from when the house was built 2006 were in a neighbor's vacant wooded lot, well hidden, and would I like to go remove them. I bought ...
by Bacchus01
Tue Sep 24, 2019 10:06 pm
Forum: Personal Consumer Issues
Topic: Elite liberal art colleges or bigger selective universities?
Replies: 59
Views: 4596

Re: Elite liberal art colleges or bigger selective universities?

Ultimately, it depends on the level of maturity of the student. Major universities are oriented toward research rather than undergraduate teaching. If she needs more personal attention, it would be better to be at a small liberal arts college such as Amherst, Williams, or Swarthmore than at big nam...
by Bacchus01
Tue Sep 24, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: College Student Internships
Replies: 45
Views: 2283

Re: College Student Internships

We hire about 40 interns/co-ops a year in our engineering area. All roles are filled in the fall for next spring/summer/fall terms. It’s highly competitive. As a point of reference, we will not hire an engineer out of school that has not done at least one and preferably 2-3 internships. It doesn’t h...
by Bacchus01
Tue Sep 24, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: Stump Grinder - Ridiculous Side Hustle??
Replies: 51
Views: 7478

Re: Stump Grinder - Ridiculous Side Hustle??

abuss368 wrote:
Tue Sep 24, 2019 8:20 am
I heard of folks who take a drill and put a ton of holes in a stump. Filled it with gasoline and ignited. Stump burned out and was gone. Probably not safe for environment.
Why would that not be safe for the environment? What do you think happens when a stump decomposes?
by Bacchus01
Tue Sep 24, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a pension buyout?
Replies: 15
Views: 1131

Re: Should I take a pension buyout?

Can it be rolled to a 401K or IRA? If so, I would take the lump.
by Bacchus01
Tue Sep 24, 2019 5:29 am
Forum: Personal Investments
Topic: Investing half of net worth, is market too high?
Replies: 25
Views: 5205

Re: Investing half of net worth, is market too high?

Why do you have to reinvest your 401K? Has it been liquidated and moved to an IRA already? Why not just leave it alone where it is?
by Bacchus01
Mon Sep 23, 2019 5:39 am
Forum: Personal Consumer Issues
Topic: Stump Grinder - Ridiculous Side Hustle??
Replies: 51
Views: 7478

Re: Stump Grinder - Ridiculous Side Hustle??

It definitely seems like the ROI would be decent if you could get business. As a homeowner that is willing to DIY, I'd consider renting a grinder myself, but for these few trees, the hassle isn't worth it to save $200 or so. I'd question why a tree service wouldn't have their own grinders and need ...
by Bacchus01
Sun Sep 22, 2019 6:44 pm
Forum: Personal Consumer Issues
Topic: Stump Grinder - Ridiculous Side Hustle??
Replies: 51
Views: 7478

Re: Stump Grinder - Ridiculous Side Hustle??

I can't comment much on the business plan, but I'm having a few trees removed in a few days, and the tree guy is charging $100/stump for 2 medium sized trees (say a 1-2' diameter stump) and $300 for the stump of a large silver maple with probably a 4-5' diameter stump and mound. This is in a MCOL a...
by Bacchus01
Sun Sep 22, 2019 4:28 pm
Forum: Personal Consumer Issues
Topic: Stump Grinder - Ridiculous Side Hustle??
Replies: 51
Views: 7478

Re: Stump Grinder - Ridiculous Side Hustle??

I ran a stump grinder for two summers in college. It’s hard and dangerous work to do all day long. Stump grinders also need to be maintained daily. The teeth will need to be replaced or sharpened after nearly every day of work. Fuel and maintenance costs add up. I never used a PTO mount but I can im...
by Bacchus01
Sun Sep 22, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 10744

Re: How hard is it to get into college?

[...] Let me itemize my questions/points so we can figure out where we are differing: 1) I don't know what a "study hall" is. Please explain. 2) I am not disputing your statement that your high school does not weight GPAs. I was just offering up a suggestion on how to pick one valedictorian. 1) a s...
by Bacchus01
Sun Sep 22, 2019 4:18 pm
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 10672

Re: I am being asked to retire. Am I ready?

You are ready.
by Bacchus01
Sun Sep 22, 2019 8:15 am
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 10744

Re: How hard is it to get into college?

[...] What do you mean? A full credit load is taking all classes, no study halls. And unweighted means no weight, so how would you add weight? This is not like a participation trophy at all. They all finished first. Literally first. Like crossing a race line all at the same time. There’s no confusi...