Search found 2524 matches

by Bacchus01
Mon Apr 22, 2019 1:43 pm
Forum: Personal Consumer Issues
Topic: update 70s kitchen or nah?
Replies: 48
Views: 3134

Re: update 70s kitchen or nah?

This isn't an HGTV gut job with granite and crown moulding... Touche. But it's awfully hard to get a contractor to put in new cabinets and countertops in this market for that. Then flooring, electrical, plumbing, etc. While not moving the plumbing will help, when you open up a 40 year old house, yo...
by Bacchus01
Mon Apr 22, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits Strategy
Replies: 19
Views: 1047

Re: Social Security Benefits Strategy

Silk is right to some degree. Understanding the tax implications, particularly at RMD, May provide an incentive to take earlier as, even at a reduced rate, you might avoid taxation loss on the SS. To be clear, I absolutely was not talking about taking SS earlier to avoid greater taxation of SS bene...
by Bacchus01
Mon Apr 22, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: update 70s kitchen or nah?
Replies: 48
Views: 3134

Re: update 70s kitchen or nah?

Funny, I didn't even ask about getting my money back. Not even a consideration tbh. I'm 70 and he's 80 and painting the cabs I think is out of the question.. Guess I've watched too many flip shows where a house has a perfectly good kitchen but the wife says "not my style!" so they gut the place 😕 ....
by Bacchus01
Mon Apr 22, 2019 9:58 am
Forum: Personal Consumer Issues
Topic: update 70s kitchen or nah?
Replies: 48
Views: 3134

Re: update 70s kitchen or nah?

Hi, Montana, nice to see you again - we usually meet up in the SS/Medicare threads :) Given what you have posted on this question, have to agree with the others here who say nah. You dread the idea of the mess, inconvenience, you can't really be sure of the exact cost (remodeling projects, esp. kit...
by Bacchus01
Mon Apr 22, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: update 70s kitchen or nah?
Replies: 48
Views: 3134

Re: update 70s kitchen or nah?

Funny, I didn't even ask about getting my money back. Not even a consideration tbh. I'm 70 and he's 80 and painting the cabs I think is out of the question.. Guess I've watched too many flip shows where a house has a perfectly good kitchen but the wife says "not my style!" so they gut the place 😕 ....
by Bacchus01
Mon Apr 22, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits Strategy
Replies: 19
Views: 1047

Re: Social Security Benefits Strategy

Hello BHs - This is a worn out topic I know but just wanted to get your thoughts on SS benefits and when to commence. According to the Open Social Security Model, I should: - Have my spouse file her retirement benefit to begin 2/2027 at age 62 and 1 month - File for my retirement benefit to begin 1...
by Bacchus01
Mon Apr 22, 2019 9:43 am
Forum: Personal Consumer Issues
Topic: Is Crown Molding Out-of-Style?
Replies: 46
Views: 4174

Re: Is Crown Molding Out-of-Style?

I was looking at new build model homes today and noted that none, including the high end builders, had crown molding. Is this an upgrade worth spending money on, or is it considered out-of-style? It is out of style because of cost. It takes time and effort to install. And then there is extra mainte...
by Bacchus01
Mon Apr 22, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: Is Crown Molding Out-of-Style?
Replies: 46
Views: 4174

Re: Is Crown Molding Out-of-Style?

Stop watching hgtv. Stop asking if something is out of style. Do you like crown molding? If you like it and want it, get it. Stop being influenced by others. +1 - so important. Develop your own sense of style. I personally don’t like gray which s so popular. Don’t like open concept either. In 20 ye...
by Bacchus01
Mon Apr 22, 2019 9:39 am
Forum: Personal Consumer Issues
Topic: Is Crown Molding Out-of-Style?
Replies: 46
Views: 4174

Re: Is Crown Molding Out-of-Style?

Unless contemporary in style, most all high end homes have wood trim - around windows, doors, crown and/or wainscot. The higher end the home, usually the more elaborate the trim - going all the way to plaster and hand carved wood. inexpensive homes do not have wood trim because it is expensive. Als...
by Bacchus01
Sun Apr 21, 2019 7:36 pm
Forum: Personal Consumer Issues
Topic: Montana / Wyoming Summer Trip Ideas
Replies: 22
Views: 1382

Re: Montana / Wyoming Summer Trip Ideas

We went to Yellowstone last year. It was amazing. The common advice is to book your hotels in the park as quickly as possible. I agree. However, check as you get closer, especially since you need just one rooms. People cancel and rooms open up and you might extend in area or change your route throug...
by Bacchus01
Sun Apr 21, 2019 10:10 am
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 186
Views: 14447

Re: How much do you spend on food per month, per person?

LFKB wrote:
Sun Apr 21, 2019 9:41 am
We spend about $1k per week for two of us, so about $500 person
A WEEK?
by Bacchus01
Sun Apr 21, 2019 10:10 am
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 186
Views: 14447

Re: How much do you spend on food per month, per person?

About $350/mo per person. This includes dining out, school lunches, and groceries. Groceries can include things like toiletries, paper products, cleaning supplies, etc. though, so that inflates it a little.
by Bacchus01
Sun Apr 21, 2019 9:05 am
Forum: Personal Investments
Topic: Leave a job with a pension?
Replies: 39
Views: 4225

Re: Leave a job with a pension?

With a pension like that I'd stay, that's a good payoff. It’s a pretty standard calculation. It has value and it can be calculated. I would say it’s good, but not good enough to stay when you have a 20%+ increase potential. As an FYI to OP, through my career I’ve worked for 4 megacorps. I have neve...
by Bacchus01
Sun Apr 21, 2019 9:02 am
Forum: Personal Investments
Topic: Leave a job with a pension?
Replies: 39
Views: 4225

Re: Leave a job with a pension?

I have a somewhat dumb question, so please forgive me. If one leaves a company vested in the pension at age 50 with a benefit of say $1500 a month, does the person at age 67 (retirement): 1. Get nothing for that company's pension 2. still get that money $1500/month but lose out on the future projec...
by Bacchus01
Sun Apr 21, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: Is Crown Molding Out-of-Style?
Replies: 46
Views: 4174

Re: Is Crown Molding Out-of-Style?

I’m surprised anyone would say it’s out of style. Now it might not fit a particular style of house, but it is definitely in style. We have none in our current Midwest house. Having extensive crown molding and beautiful base and trim in our New England and thrn Carolina house, we miss it. If we build...
by Bacchus01
Thu Apr 18, 2019 5:50 pm
Forum: Personal Investments
Topic: Leave a job with a pension?
Replies: 39
Views: 4225

Re: Leave a job with a pension?

How much weight would an employer funded pension have on your decision to leave for another opportunity? My current company matches 4% on the 401k, with a fully funded pension with the following formula (years service X Top year earnings of last 5 X 1%). I am looking into an opportunity that is goi...
by Bacchus01
Wed Apr 17, 2019 9:02 pm
Forum: Personal Investments
Topic: Leave a job with a pension?
Replies: 39
Views: 4225

Re: Leave a job with a pension?

Assume you make $100k

Each year is worth about $1k per year at retirement (year of service times $100k x 1%)

$1k In a 4% SWD model is worth $25k in future dollars. Discount that back to today, 30 years prior to withdraw and it’s worth what, $10K?

It sure seems like the new gig is better.
by Bacchus01
Tue Apr 16, 2019 4:47 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17462

Re: Bogleheads, why won't anyone hire me?

I haven’t read all the replies and want to put more thought into a reply later, but I just wanted to say a few things. A. The job market is not as “great” as the stats make it sound. Most new jobs have been in retail and fast food. B. I agree it’s definitely who you know. And luck. C. My experience...
by Bacchus01
Mon Apr 15, 2019 6:20 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 424
Views: 28729

Re: [2018 tax return - How does it compare to previous years?]

I finally live the Warren Buffet’s dream . For the uninitiated, what is "Warren Buffet's dream?" I thought at one point he said he wasn’t tax enough. Undertaxed. Aka he wants to pay more tax. Nothing prevents him from just writing a check to the US Treasury. I think it's just virtue signalling. The...
by Bacchus01
Sun Apr 14, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Park City Utah Hiking
Replies: 14
Views: 603

Re: Park City Utah Hiking

Thank you. I have AllTrails. The problem is that in that area there are about a thousand hikes on alltrails! That's quite an exaggeration. Turn on the Heat Map overlay along with the Nearby Trails overlay. One can instantly see the most popular trails. There are other filters / search tools as well...
by Bacchus01
Sun Apr 14, 2019 10:32 am
Forum: Personal Consumer Issues
Topic: Park City Utah Hiking
Replies: 14
Views: 603

Re: Park City Utah Hiking

I'm doing Mount Timpanogos https://www.alltrails.com/trail/us/utah/mount-timpanogos-trail-from-aspen-grove with my wife and about 25 friends (mostly my employees) on June 22nd. Not too congested if you hit it early enough. About a 30min drive from Park City. We've done pretty much everything in the...
by Bacchus01
Sun Apr 14, 2019 10:29 am
Forum: Personal Consumer Issues
Topic: Park City Utah Hiking
Replies: 14
Views: 603

Re: Park City Utah Hiking

I have not been there in 40 years, so cannot give a specific recommendation. But if you haven't already, then I would check out AllTrails.com for some ideas and recent comments from actual hikers. Thank you. I have AllTrails. The problem is that in that area there are about a thousand hikes on allt...
by Bacchus01
Sun Apr 14, 2019 10:16 am
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions - Updated
Replies: 24
Views: 1679

Re: Colorado Day Hike Suggestions

Got my hotel booked for Georgetown, CO, Friday night. I'll be coming down from Fort Collins a little late. Headed over to the trailhead for Grays and Torreys by 5:30. Rented an SUV to get there. I have a 5:55PM flight out of Denver on Saturday evening. I really wish the United lounge had a shower t...
by Bacchus01
Sun Apr 14, 2019 9:53 am
Forum: Personal Consumer Issues
Topic: Park City Utah Hiking
Replies: 14
Views: 603

Park City Utah Hiking

I know there are a lot of hikers here, so I thought I’d ask. I have a business trip to Park City Utah in late June. I’d like to go early and get some good hiking in. I’m looking for two bike recommendations. One a nice 3-4 hour with good scenery, maybe the lakes, etc. willing to drive several hours ...
by Bacchus01
Sun Apr 14, 2019 6:58 am
Forum: Personal Investments
Topic: ORP says I should stop all pre-tax contribs
Replies: 75
Views: 5858

Re: ORP says I should stop all pre-tax contribs

anwestsaying said: Would appreciate a reference site for this,I don’t know what i-ORP is,but I have to figure out whether to do any more Roth conversions.As single person,I got one in last year before turning 70,it was first retirement year,so had only FERS annuity of $20k,no SS,$25k other income,s...
by Bacchus01
Sun Apr 14, 2019 6:26 am
Forum: Personal Finance (Not Investing)
Topic: 11th Hour - Roth IRA Over Contributed for 2018
Replies: 7
Views: 702

Re: 11th Hour - Roth IRA Over Contributed for 2018

You can’t just sell the funds and be okay. You have to reverse the contribution. That takes a form for Vanguard and you have to mail it in. Yeah, the old snail mail.

Ask me how I know.

You’ll need to file and extension.
by Bacchus01
Sat Apr 13, 2019 12:03 pm
Forum: Personal Investments
Topic: ORP says I should stop all pre-tax contribs
Replies: 75
Views: 5858

Re: ORP says I should stop all pre-tax contribs

I think there is a pretty good argument that as your balance builds, only contribute to the employer match. It’s hard to pass up those matches. However, in my case, they match 50% all the way up to the $19K number. At mid-40s, we have over $1M in pre-tax 401ks. I will have a pension of about $65k/y...
by Bacchus01
Sat Apr 13, 2019 11:52 am
Forum: Personal Investments
Topic: ORP says I should stop all pre-tax contribs
Replies: 75
Views: 5858

Re: ORP says I should stop all pre-tax contribs

+1 dknightd Edit: Likely i-orp is suggesting you put money into after tax so your heirs can take advantage of the increased basis they will see. I don't know this for sure, but it sounds likely to me. This is a possibility. I ran into this dilemma with iORP as well. On the other hand, if I did not ...
by Bacchus01
Sat Apr 13, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: One-more-year - am I done or not?
Replies: 50
Views: 7285

Re: One-more-year - am I done or not?

A better option is to negotiate a stay package and transition agreement. If you are honest about FIRE in a year, then tell them. Tell them you’d like to retire in a year but want to make sure transition happens well. They may throw you a stay package beyond that timeframe, but are unlikely to outri...
by Bacchus01
Sat Apr 13, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: One-more-year - am I done or not?
Replies: 50
Views: 7285

Re: One-more-year - am I done or not?

FortuneFavored, believe you're in good shape based on $4.8M in investments and real estate equity. On the investments alone, you could get away with a SWR in the 3% range and very safe when combined with your wife's salary and HC. Based on the data you should start engineering your lay-off or a red...
by Bacchus01
Sat Apr 13, 2019 7:42 am
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 119
Views: 7497

Re: fun car advice

Another option is a mid-2000s Viper. I think they are at or near the bottom and good examples can be found for <$50k. They are unique, but they are very different than most of the cars mentioned here already.
by Bacchus01
Sat Apr 13, 2019 7:40 am
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 119
Views: 7497

Re: fun car advice

At some point if a vehicle doesn't have certain safety features, they won't be allowed on the roads. Maybe some day, but not during my lifetime. So the government is just going to demand people scrap their non self driving cars? I really doubt that. I don't even see self driving cars becoming popul...
by Bacchus01
Sat Apr 13, 2019 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 8526

Re: Buying a house next year. Wife wants a big house. Thoughts?

More house is more cleaning, more maintenance, more utilities, more taxes, often longer time to sell. I believe in minimizing housing as costs balloon quickly the bigger you get. Plus a bigger house will need more stuff to fill it up. Unlike the house the stuff doesn't not retain its value. I have ...
by Bacchus01
Fri Apr 12, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: China travel
Replies: 25
Views: 1859

Re: China travel

Is it safe to travel there? I hear these rumors about Chinese Americans potentially being served with exit bans and terrible traffic infrastructure safety issues? Exaggerations? I travel to China frequently. It is not only very safe, I would suggest safer than most major US cities, but Shanghai in ...
by Bacchus01
Fri Apr 12, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 8526

Re: Buying a house next year. Wife wants a big house. Thoughts?

More house is more cleaning, more maintenance, more utilities, more taxes, often longer time to sell. I believe in minimizing housing as costs balloon quickly the bigger you get. Plus a bigger house will need more stuff to fill it up. Unlike the house the stuff doesn't not retain its value. I have ...
by Bacchus01
Fri Apr 12, 2019 2:48 pm
Forum: Personal Investments
Topic: ORP says I should stop all pre-tax contribs
Replies: 75
Views: 5858

Re: ORP says I should stop all pre-tax contribs

I think there is a pretty good argument that as your balance builds, only contribute to the employer match. It’s hard to pass up those matches. However, in my case, they match 50% all the way up to the $19K number. At mid-40s, we have over $1M in pre-tax 401ks. I will have a pension of about $65k/ye...
by Bacchus01
Fri Apr 12, 2019 2:41 pm
Forum: Personal Investments
Topic: College Cost Estimator and How to fund 529 to meet cost
Replies: 11
Views: 503

Re: College Cost Estimator and How to fund 529 to meet cost

Go to a different school. Establish residency and go to a flagship state school. Done. That's not always that easy. For my uncle in NJ the only college given cost and reputation that might fit, is perhaps Rutgers... But college picking may not always work in the kids favor. There are lots of afford...
by Bacchus01
Fri Apr 12, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: One-more-year - am I done or not?
Replies: 50
Views: 7285

Re: One-more-year - am I done or not?

victw wrote:
Fri Apr 12, 2019 1:24 pm
$90k spending on $575k income?

I'd look a little more closely at it. We pay ourselves first via 401ks and investing - but I'm still surprised how much are spending seems hard to nail down.

Vic
If you take out our mortgages, like the OP has done, we spend around that amount on similar income.
by Bacchus01
Fri Apr 12, 2019 1:39 pm
Forum: Personal Investments
Topic: College Cost Estimator and How to fund 529 to meet cost
Replies: 11
Views: 503

Re: College Cost Estimator and How to fund 529 to meet cost

Go to a different school.

Establish residency and go to a flagship state school.

Done.
by Bacchus01
Fri Apr 12, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Any way I can hire my parents?
Replies: 45
Views: 2245

Re: Any way I can hire my parents?

Yes, virtual assistant is a thing. But if you’re paying him $2k/month, he actually needs to do $2k/month worth of work for it to be legal. You can get an actual virtual assistant for $20/hour. Can you find 100 hours per month of work for him to do? And is he capable of doing the work? What is his t...
by Bacchus01
Fri Apr 12, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: One-more-year - am I done or not?
Replies: 50
Views: 7285

Re: One-more-year - am I done or not?

re: Variable budgeting - yes, sorry, I meant my "90K baseline" has various levers in it that can be reduced. Taxes & health costs would be on top of that in any scenario. As far as the "keep working some where" comments - I could have several other full time jobs tomorrow in various areas I am far ...
by Bacchus01
Fri Apr 12, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17462

Re: Bogleheads, why wont anyone hire me?

This nonsense that you MUST go to top schools has gotten out of hand. In some cases there is truth behind it. If you are in an entry/mid-level job, getting any MBA will probably be worthwhile, particularly if it is an industry where an MBA is the next logical degree needed to get ahead, and especia...
by Bacchus01
Fri Apr 12, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 8526

Re: Buying a house next year. Wife wants a big house. Thoughts?

In reading these threads, I'm always surprised at how often some people plan on changing houses. If you buy a giant house now, that is just setting up a downsizing when the kids go to college. There are large transaction costs to buying and selling houses. We have a 2200 sf house that we bought bef...
by Bacchus01
Fri Apr 12, 2019 5:41 am
Forum: Personal Investments
Topic: Principal is buying Wells Fargo Retirement, which holds my 401k
Replies: 13
Views: 1066

Re: Principal is buying Wells Fargo Retirement, which holds my 401k

Thanks for the notice! I have a balance at a former employer with Wells Fargo. I may want to roll this into my current employer soon to avoid the hassle.
by Bacchus01
Fri Apr 12, 2019 5:37 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 8526

Re: Buying a house next year. Wife wants a big house. Thoughts?

We bought a 5,400 sq ft house in 2010 for around ~$500K. We had three kids at the time ages 8, 5 and 2. Our household income was about what yours is but we had very low childcare expenses. We valued diversity and had our kids in a community program that was like $400-$600/month for the two younger o...
by Bacchus01
Fri Apr 12, 2019 5:28 am
Forum: Personal Finance (Not Investing)
Topic: One-more-year - am I done or not?
Replies: 50
Views: 7285

Re: One-more-year - am I done or not?

Run I-ord. I bet you’ll be surprised with the results. Do you have any pensions coming? We are similar boat. Total household income is a little lower most years. Mid 40s. 3 kids. 1 on way to University in the fall. Pre tax: $1.3M. Post: $1.2M. 3 homes with equity but none paid off. Not as valuable a...
by Bacchus01
Fri Apr 12, 2019 5:17 am
Forum: Personal Investments
Topic: To refinance or not
Replies: 5
Views: 455

Re: To refinance or not

What’s the payback period? That’s what you need to look at. If the payback is under a year, we will refi. If it’s under two years, we may refi depending on fees. Fees paid/monthly interest decrease = payback months. Forget the principle, it doesn’t matter in the analysis. Example, the annual savings...
by Bacchus01
Fri Apr 12, 2019 5:10 am
Forum: Personal Consumer Issues
Topic: Another lawn mower thread:
Replies: 23
Views: 1290

Re: Another lawn mower thread:

Recommendations: 1. Buy the cheapest gas mower and a rake. 2. Buy the cheapest gas mower and install mulching blades. 3. Buy the second cheapest gas mower with mulching blades already installed. Don’t get the cheapest mower and out mulching blades on. The cheapest will likely have a tiny engine and...
by Bacchus01
Fri Apr 12, 2019 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17462

Re: Bogleheads, why wont anyone hire me?

What’s the definition of a “good MBA” program anyway? One of the higher ranking ones that isn't great? Conventional wisdom is that the ROI on less than great MBA programs isn't that good. https://www.inc.com/business-insider/35-best-mba-programs-in-the-us.html There are many good programs, but the ...