Search found 1794 matches

by Bacchus01
Fri Sep 21, 2018 3:16 pm
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

1. Agree with everyone that said a drywalled ceiling should be avoided. We have one and it has been a pain whenever work has need to be done. I'm confused by this. I don't know anyone who puts a drop ceiling on first or second floor of a house, yet I've lived in several houses with plumbing in betw...
by Bacchus01
Fri Sep 21, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

I could not bring myself to spend that much money renovating a master bath and basement in a house that is worth less than $600K, but as others have said, if it will bring you enjoyment for the next ten years and you have the money....then you should do what you want. However, that expensive bathro...
by Bacchus01
Fri Sep 21, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

When we looked at new construction, most builders in our quality range said, without even looking at plans, “budget for $200/sq ft excluding lot and improvements.” I think that is fairly reasonable in many places for new home construction averaged over an entire house. However, bathrooms and kitche...
by Bacchus01
Thu Sep 20, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

I'm at $130K for these two projects. Wife is a go on the bathroom but doesn't think basement is necessary. I want to do the basement because right now it's just not done well, bar is too big and in the wrong spot, and we don't spend any time down there (Kids do). Right now with a booming economy, i...
by Bacchus01
Thu Sep 20, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

Seems a bit high expenditure on the basement for such a relatively short occupancy time. 73k to remod a basement vs from scratch is a lot, though a lot can get done for that much, indeed. But, if funding is not a priority, why not enjoy. Generally, kitchen remods reap the most resale benefit, then ...
by Bacchus01
Thu Sep 20, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Painting kitchen cabinet
Replies: 23
Views: 1182

Re: Painting kitchen cabinet

Hi, my current kitchen cabinet are looking dated. It is about 20 years good, good solid wood but the previous owner choose a "distressed" look. Some of the paint (very little) are starting to peel which add more to the distressed look. Needless to say....wife and I are "stressed" by the distressed ...
by Bacchus01
Thu Sep 20, 2018 9:30 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

Home value around $575K. 5,400 sq ft. It would be good to talk to a real estate agent to find out how the remodeling will impact your homes value. If the other homes in your neighborhood are selling for around $575K then it will be hard to sell the house for much more than that no matter how nice t...
by Bacchus01
Thu Sep 20, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

Sure, but you understand that a frameless shower enclosure of that size is over $5K in material, right? I've got a 40 sqft shower with a glass wall that's 70' wide, 60" tall , 28' of it is a door that cost $1,500 installed...material and labor. I misread the double side and was accounting for one p...
by Bacchus01
Thu Sep 20, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

Thanks for feedback. Total project would be about $130K. We're already working on some different things like building an alcove shower with a step entry, standard frameless glass door and cast iron base instead of one with two custom glass sides, and a zero entry with added install due to raising th...
by Bacchus01
Thu Sep 20, 2018 9:06 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

Bathroom Full gut, roughly 12X14. $2,000 Relocate shower other side of room $1,000 Tub, sinks, toilet largely in same spot Install 7 new LED can lights, 4 sconces, one small pendant light $1,000 Built 4X4 water closet $2,000 Install 2 fans, one main bath and one water closet $1,000 Drywall, paint $...
by Bacchus01
Thu Sep 20, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

The bathroom quote seems in the ballpark, perhaps a tad high, but is logical. The basement needs to be put into context, being that you are looking at 8-10 years of use. What is the size of your home and its total value? Will doing the basement as planned be out of place for this style home? How mu...
by Bacchus01
Thu Sep 20, 2018 6:27 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

2,000 square foot finished basement sounds a little excessive. I had an 1,100 sq ft finished (of a 2,200 sf total basement) in a previous house and it was plenty big for multiple uses. Maybe finish just a part of the basement space. I'd also be cautious about dry-walling an entire basement ceiling ...
by Bacchus01
Wed Sep 19, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Re: Bathroom and Basement Remodel Costs

Remodeling a bathroom and basement and thought I'd ask the CF gurus. Got two quotes back. Both are within a few hundred or a few thousand of each other. My wife was way closer to guessing the quotes than my cheap ass was at it. House built in 2004 Bathroom Full gut, roughly 12X14. Relocate shower o...
by Bacchus01
Wed Sep 19, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 44
Views: 2127

Bathroom and Basement Remodel Costs

Remodeling a bathroom and basement and thought I'd ask the CF gurus. Got two quotes back. Both are within a few hundred or a few thousand of each other. My wife was way closer to guessing the quotes than my cheap ass was at it. House built in 2004 Bathroom Full gut, roughly 12X14. Relocate shower ot...
by Bacchus01
Wed Sep 19, 2018 6:16 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 205
Views: 13086

Re: What is your single most expensive mistake?

Not cashing out some options in 2008. Was about to do it when market began to stall and I thought I’d wait just a little. They yanked to zero. Had I done it, paid the taxes and invested in TSM, I’d probably have another $1M right now
by Bacchus01
Tue Sep 18, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 10978

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

Very interesting thread. With three kids still at home and college looming, I’m not sure we are ready to say we are FI. That said, most calculators I have run say that, at 45, we are probably 1 year away and extremely fortunate. But to do it, we’ve moved several times, I’ve not seen my extended fami...
by Bacchus01
Mon Sep 17, 2018 5:29 am
Forum: Investing - Help with Personal Investments
Topic: (No Savings) *Everything* in S&P 500?
Replies: 33
Views: 3745

Re: (No Savings) *Everything* in S&P 500?

We keep a cash balance of around 2-3% of our portfolio. The rest is all invested in some type of TSM/S&P mutual fund depending on the account. 401ks? All broad equity. Roths? All broad equities. HSA? Broad equity. 529s? Broad equity. You get the picture.

Total investments are low 7 figures.
by Bacchus01
Fri Sep 14, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Grocery Store Comparison App
Replies: 9
Views: 799

Re: Grocery Store Comparison App

Interested
by Bacchus01
Thu Sep 13, 2018 6:07 pm
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 73
Views: 7969

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

I bought a pair of Black Allen Edmonds for around $300 around 8 years ago. I just had them resoled this year. The heels have been replaced twice. Before the Allen Edmonds I'd spend around $100 per year for Black Dress shoes. I got my moneys worth. They're much more comfortable than $100 ones I'd us...
by Bacchus01
Tue Sep 11, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Selling camp and land at a loss...
Replies: 6
Views: 1041

Re: Selling camp and land at a loss...

If you had classified it as an investment, and actually show investment activities (e.g. renting it out, or taking an investment tax deduction on your taxes for interest paid) then yes. But it sounds like this is a second home/vacation property. Then no. You cannot take a loss deduction on your taxes.
by Bacchus01
Mon Sep 10, 2018 9:21 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime - Value?
Replies: 71
Views: 5363

Re: Amazon Prime - Value?

Other services, like Walmart.com have caught or passed Amazon. I buy very little there anymore.
by Bacchus01
Mon Sep 10, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9794

Re: Max you should invest in a 529?

Still doesn’t support “most” Bacchus01, Time for you to provide a counter example. KlangFool Not Bacchus, but this recent article claims peak earnings at an "average" 40 for women and 49 for men. https://www.businessinsider.com/when-you-earn-the-most-owe-the-most-and-accrue-the-most-wealth-2017-12 ...
by Bacchus01
Mon Sep 10, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Should I Convert Traditional IRA to Roth, and How Do I Pay Estimated Tax
Replies: 31
Views: 2285

Re: Should I Convert Traditional IRA to Roth, and How Do I Pay Estimated Tax

No. Not even close. Stop even thinking about it. +1 Ricchan, see above quote and apply it to your pre-tax IRA balance Now, if your current 401k has decent investment options and fees, and will accept incoming rollovers from your IRA, you might 1) Roll over your current pre-tax IRA balance to the 40...
by Bacchus01
Fri Sep 07, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4906

Re: Time to look at SS [When should I take Social Security?]

I was very surprised to get the results of the calculator that incorporated this--we are a dual income/dual SS benefit couple whose PIAs are almost identical. Husband is 4 years older and born in 1953 so the recommendation was that I start my benefits at 62, he takes spousal of half my PIA then he ...
by Bacchus01
Fri Sep 07, 2018 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9794

Re: Max you should invest in a 529?

Summaries of this thread and others I've read on 529 plans at this site: 1) Many bogleheads take advantage of 20+ years of tax-free growth that 529 accounts provide and are proud to state they've saved a lot in taxes. 2) Some bogleheads feel the lack of liquidity isn't worth the hundreds to thousan...
by Bacchus01
Fri Sep 07, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4906

Re: Time to look at SS [When should I take Social Security?]

One fact should be kept in mind regarding the recommendation for the OP from Opensocialsecurity---that, having been born in 1953, he is eligible for a spousal benefit under a restricted application. The program recommmends that he should do that--might be different if he was born after 1953 when th...
by Bacchus01
Fri Sep 07, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9794

Re: Max you should invest in a 529?

Summaries of this thread and others I've read on 529 plans at this site: 1) Many bogleheads take advantage of 20+ years of tax-free growth that 529 accounts provide and are proud to state they've saved a lot in taxes. 2) Some bogleheads feel the lack of liquidity isn't worth the hundreds to thousan...
by Bacchus01
Fri Sep 07, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4906

Re: Time to look at SS [When should I take Social Security?]

One fact should be kept in mind regarding the recommendation for the OP from Opensocialsecurity---that, having been born in 1953, he is eligible for a spousal benefit under a restricted application. The program recommmends that he should do that--might be different if he was born after 1953 when th...
by Bacchus01
Fri Sep 07, 2018 9:50 am
Forum: Personal Consumer Issues
Topic: Yellowstone and Grand Teton must see and do
Replies: 22
Views: 1762

Re: Yellowstone and Grand Teton must see and do

We went at this time of year. Everything will change with the weather and health of participants. Grand Teton: Snake River float early to help acclimate to altitude. Grand Teton: Hike to Inspiration Point or higher. Play with moose at Moose Lake and bears at higher elevation. Yellowstone: Hike arou...
by Bacchus01
Fri Sep 07, 2018 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4906

Re: Time to look at SS

Are you sure you can "both draw on mine"? Yes. Why wouldn’t we? I'm not sure where Joe is thinking, but you are correct. When you retire you receive your age 70 benefit, your spouse begins to receive 50% of your PIA, less her early filing offset (dollar-for-dollar, not percentage). But she gets 5 y...
by Bacchus01
Fri Sep 07, 2018 5:47 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9794

Re: Max you should invest in a 529?

Besides the discussion regarding if one should or should not be using a 529 -- anyone else care to comment on how much they are investing yearly? Anyone contributing more than $10k / child per year? What is your goal amount at the time of high school graduation (in today's dollars)? Thus far we hav...
by Bacchus01
Fri Sep 07, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: 28/F... $325k total comp for 2019. Minimize taxes?
Replies: 8
Views: 2240

Re: 28/F... $325k total comp for 2019. Minimize taxes?

Your next tax bracket is at around $200K of income.

Do you have a deferred comp plan? That would be the only big one without just giving money away.
by Bacchus01
Thu Sep 06, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: How to tell which vent is dryer vent?
Replies: 40
Views: 1652

Re: How to tell which vent is dryer vent?

dm200 wrote:
Wed Sep 05, 2018 12:57 pm
1. What might the other vent be for? Is it possible both vents are being used for the dryer?

2. Dry something to which you added some kind of recognizable "scent". Maybe fabric softener? Or ?
Old dryer vent, water heater vent, furnace vent, fireplace vent...

But most likely bathroom fans
by Bacchus01
Thu Sep 06, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4906

Re: Time to look at SS

My wife is 5 years older and much lower earnings. The calculators generally show to take hers first and earlier. We will probably take hers at 62. Then 13 years later we both draw on mine. Are you sure you can "both draw on mine"? Yes. Why wouldn’t we? I'm not sure where Joe is thinking, but you ar...
by Bacchus01
Thu Sep 06, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9794

Re: Max you should invest in a 529?

For most folks paying 15% on QDI/LTCG, annual tax drag on US total stock market yield of ~1.8% is 27 bps, or $27/yr for every $10k invested in a taxable account. Even for high-earners paying 20% + 3.8% NIIT, it's all of 43 bps. That's like trading your 0.04% ER for 0.31% (or 0.47%, for the high ear...
by Bacchus01
Thu Sep 06, 2018 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9794

Re: Max you should invest in a 529?

They aren’t for everyone and they generally benefit wealthier individuals disproportionately. Unless you have a state tax break, there are other much better options.
by Bacchus01
Wed Sep 05, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4906

Re: Time to look at SS

JoeRetire wrote:
Wed Sep 05, 2018 7:29 am
Bacchus01 wrote:
Wed Sep 05, 2018 7:08 am
My wife is 5 years older and much lower earnings. The calculators generally show to take hers first and earlier. We will probably take hers at 62. Then 13 years later we both draw on mine.
Are you sure you can "both draw on mine"?
Yes. Why wouldn’t we?
by Bacchus01
Wed Sep 05, 2018 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9794

Re: Max you should invest in a 529?

I think fear of taxes and obsession with tax avoidance opportunities / tax sheltered accounts tends to bias people's views on 529s a bit. For most folks paying 15% on QDI/LTCG, annual tax drag on US total stock market yield of ~1.8% is 27 bps, or $27/yr for every $10k invested in a taxable account....
by Bacchus01
Wed Sep 05, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4906

Re: Time to look at SS

My wife is 5 years older and much lower earnings. The calculators generally show to take hers first and earlier. We will probably take hers at 62. Then 13 years later we both draw on mine.

I don’t believe I can draw on hers at all.
by Bacchus01
Tue Sep 04, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4586

Re: How much do you spend on kids extracurriculars?

Just don’t let them become ice hockey goalies. A good friend of mine just had his 16 year old commit to a full scholarship to University of Wisconsin as a goalie. He just moved to Michigan to join the US National Team and is likely headed to the olympics. Of course, playing Vegas would have been be...
by Bacchus01
Tue Sep 04, 2018 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9794

Re: Max you should invest in a 529?

We put in up to the WI state income deduction each year for each participant, including ourselves. For our family of five, that’s about $15K a year. The nearly 7% state tax deduction makes it worth it. We have $150K saved with three kids. We have 12 more years until all are graduated from college. S...
by Bacchus01
Mon Aug 27, 2018 5:49 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6566

Re: How do you calculate net worth with pensions?

I do not treat my pensions in my net worth

I do factor in my pensions when determining my desired asset allocation

I do factor in my pensions when determining retirement timing

If SS sticks, our expected pension/SS combined if I quit today and took at around 65 is $90k/yr.
by Bacchus01
Thu Aug 23, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard doesn't understand Mega-Backdoor
Replies: 55
Views: 7989

Re: Vanguard doesn't understand Mega-Backdoor

AdamP wrote:
Thu Aug 23, 2018 4:59 pm
Bacchus01 wrote:
Thu Aug 23, 2018 12:50 pm
Done this with Vanguard many times. They ALWAYS know exactly what I'm talking about.
There was a time when it was more hit or miss, especially with the correct categorization for tax purposes.

Well, I was mostly doing it in 2012 or 2013, so I’m not sure what time you know about.
by Bacchus01
Thu Aug 23, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard doesn't understand Mega-Backdoor
Replies: 55
Views: 7989

Re: Vanguard doesn't understand Mega-Backdoor

Done this with Vanguard many times. They ALWAYS know exactly what I'm talking about.
by Bacchus01
Wed Aug 22, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: I love my job but DW hates location and I'm underpaid
Replies: 28
Views: 3068

Re: I love my job but DW hates location and I'm underpaid

Do you have to live together? Maybe she can move.
by Bacchus01
Tue Aug 21, 2018 10:47 pm
Forum: Personal Consumer Issues
Topic: Toyota Camry - Considering Purchase - Panoramic Sunroof?
Replies: 30
Views: 1779

Re: Toyota Camry - Considering Purchase - Panoramic Sunroof?

I have a pano roof in my grand Cherokee. I couldn’t tell you how many times I’ve opened it in a year since I bought it. Less than three probably.
by Bacchus01
Mon Aug 20, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Retire and become an Adventure Guide
Replies: 34
Views: 2774

Re: Retire and become an Adventure Guide

I know pay stinks (think just above minimum wage) but I really am intrigued with the idea. I don't mind being away for weeks at a time and I since I will be essentially FIRE, Guides on the Colorado going thru the Grand Canyon make good money (partly with salary, a lot from Tips) - but they are very...
by Bacchus01
Mon Aug 20, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Paying a Spouse
Replies: 2
Views: 855

Re: Paying a Spouse

https://ttlc.intuit.com/questions/3216544-can-i-pay-my-spouse-to-manage-my-rental-property Thanks, but that doesn't really answer the question. It implies that it's not in an LLC, which it would be, and implies that it's moving income from one bucket to another (it's not). Being "not a good idea" d...
by Bacchus01
Mon Aug 20, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paying a Spouse
Replies: 2
Views: 855

Paying a Spouse

We own several properties. For simplicity, I’ll focus on two. One generates income (albeit at a net loss when depreciation is taken into account) and one is a speculative piece of land that generates no income. Today we can deduct some of the taxes, but that’s about it. If I hired my wife to manage ...
by Bacchus01
Mon Aug 20, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you put away in investments?
Replies: 66
Views: 5433

Re: How much do you put away in investments?

magicrat wrote:
Mon Aug 20, 2018 12:28 pm
~$150-200k, ~40-50% of gross

Same