Search found 2198 matches

by Bacchus01
Thu Jan 17, 2019 8:00 am
Forum: Investing - Theory, News & General
Topic: Single Income Family Max All Tax-Advantaged Space
Replies: 13
Views: 961

Re: Single Income Family Max All Tax-Advantaged Space

Single income family of 5. We max it all. Also fund five 529s a year
by Bacchus01
Wed Jan 16, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2038

Re: Can I afford a 50k car? If so, whats the best way to do it?

Here's a 1968 Chevrolet Chevelle SS 396 Convertible, asking price is $25k. There, I just saved you $25k! Plus: Convertible. Hello! :D Shop around! https://bringatrailer.com/listing/1968-chevrolet-chevelle-ss-396-3/ If the in-person looks as good as the pics, that's a steal for that car. However, '6...
by Bacchus01
Wed Jan 16, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2038

Re: Can I afford a 50k car? If so, whats the best way to do it?

Turning 30 this year (30 is the new 50) and want to buy myself a fun car to enjoy on my time off. Barebones of my financial situation: 60,000 - 75,000 a year ( depending how much OT I feel like working, law enforcement position) 1.3 million in an irrevocable trust I have no access to until 40's 600...
by Bacchus01
Wed Jan 16, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2038

Re: Can I afford a 50k car? If so, whats the best way to do it?

Ask yourself this. If your parents were alive and you asked them if they considered spending $50k on a 67 Chevy squandering an inheritance, what would their response be? If you think they would've said yes, then I would not buy the car. If you think they would've told you, "whatever makes you happy...
by Bacchus01
Wed Jan 16, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6477

Re: A co-worker makes more than me

Never had that problem. Started in the company when I was 17. We belong to the biggest union...everyone pays their monthly dues depending on your pay. You start off low and in 4 years you top out and make the same as someone that's been there 25 years no matter what age, race or gender :D And regar...
by Bacchus01
Tue Jan 15, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6477

Re: A co-worker makes more than me

Work harder
by Bacchus01
Mon Jan 14, 2019 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3515

Re: too much college savings

Don’t forget he needs a new laptop every single year so he can give you the old one :) What is the earliest I can buy him a new laptop using 529 funds? He's a high school senior with an aging laptop and he'd love a new one, but during high school the only expense that qualifies is tuition (I think)...
by Bacchus01
Mon Jan 14, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3515

Re: too much college savings

I'm following this thread because I am wondering if I might save too much. My kids are 7, 1, and 3 months. I've saved about $70K, $27K, and $5k right now. Would the OP say I'm saving too much? I live in Pennsylvania so the tax break can become irresistible at the end of the year. I'm stating my num...
by Bacchus01
Sun Jan 13, 2019 10:13 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1026
Views: 109829

Re: [What TV Show Have You Recently Watched?]

Half way through Pine Gap on Netflix. Better than I expected it to be.
by Bacchus01
Sun Jan 13, 2019 10:11 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1026
Views: 109829

Re: [What TV Show Have You Recently Watched?]

lostdog wrote:
Sun Jan 13, 2019 4:48 pm
Just got done with Travelers season 3. Pretty good.

Just started watching The Last Kingdom. Good so far.

Both on Netflix
Not sure what to think of the end of Travelers season 3.
by Bacchus01
Sun Jan 13, 2019 10:04 pm
Forum: Personal Consumer Issues
Topic: Fantastic Resort Recommendations???
Replies: 31
Views: 2898

Re: Fantastic Resort Recommendations???

Montage Deer Valley in Park City, UT
by Bacchus01
Sun Jan 13, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3515

Re: too much college savings

Grandkids

Don’t forget he needs a new laptop every single year so he can give you the old one :)
by Bacchus01
Sun Jan 13, 2019 9:58 pm
Forum: Personal Consumer Issues
Topic: Fantastic Resort Recommendations???
Replies: 31
Views: 2898

Re: Fantastic Resort Recommendations???

The American Club in Kohler, WI
by Bacchus01
Sat Jan 12, 2019 12:37 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9545

Re: Did you ever "win" big?

GoldStar wrote:
Fri Jan 11, 2019 3:45 pm
Bacchus01 wrote:
Fri Jan 11, 2019 9:50 am
I met my wife
Your wife was a stock pick?

More valuable than any stock pick. Way more.
by Bacchus01
Sat Jan 12, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10092

Re: Millionaire by 40 and How you Did it?

We’re mid 40s, but deep into the “multi” mill category. We first hit $1M around 2007/8, but then fell back in 2009 and didn’t cross again until 2013, shortly before age 40. And then it accelerated. How? Working really hard to grow wages coupled with a LBYM (but not crazy frugal) lifestyle and solid ...
by Bacchus01
Fri Jan 11, 2019 9:50 am
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9545

Re: Did you ever "win" big?

I met my wife
by Bacchus01
Thu Jan 10, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mowing Business
Replies: 11
Views: 1782

Re: Mowing Business

ask the question on lawnsite.com
by Bacchus01
Tue Jan 08, 2019 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10519

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

Wow, you have some odd views on things that are not normal. “Saving” to spend later is in fact saving. Are you suggesting that if I save to spend in retirement that it’s not really saving? A gift is a gift. You are not entitled to an inheritance: that’s just absurd. So if I "save" now to blow the m...
by Bacchus01
Tue Jan 08, 2019 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 87
Views: 6501

Re: Child # 3 - seeking advice from older members

Would also be interesting to hear about spacing. I don't think I'd want 3, 3 years and under. But having kids say 6 years old, 3 years old and a newborn seems much more manageable. Also, I wouldn't want to have a house full of 5 and then be empty nesters 3 years later when they're all off at colleg...
by Bacchus01
Tue Jan 08, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 87
Views: 6501

Re: Child # 3 - seeking advice from older members

So much has been said that I’ll just echo some things and share personal experience. We have three boys aged 17, 13, and 10. We’d have 10 if we could. 2 to 3 was not stressful or hugely impactful financially. We were ages 35(me) and 40(wife) when the youngest was born. We have no issue with knowing ...
by Bacchus01
Tue Jan 08, 2019 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10519

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

To most a 10K wedding sounds like a country bumpkin hee-haw wedding, and could be considered low-brow..... You made me choke on my coffee. That's almost word for word what I told my then fiance when his family was jabbering about the cost of our "lavish" wedding and expected us to have our receptio...
by Bacchus01
Tue Jan 08, 2019 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10519

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

The Average is around $40K per year now, so yes some are more and some are less, but $25K is no where near extravagant or "too much". Citation needed? That seems high. Maybe in the Bay Area. https://www.businessinsider.com/average-wedding-cost-in-america-most-expensive-2018-3#3-new-york-long-island...
by Bacchus01
Tue Jan 08, 2019 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10519

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

A lot of things I don't understand here: 1. Paying 25-30k for a wedding, in general 2. Paying 25-30k for a weeding when not you seem to make considerable amounts of money (pretty insane if you ask me). You don't even max your 401k? 3. Marrying someone without living in the same house for couple of ...
by Bacchus01
Tue Jan 08, 2019 6:06 am
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10519

Re: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

The biggest problem here is that you seem to not be even close to the same page. You could follow eiether of your financial plans and probably be just fine. But have to meet somewhere in the middle to make this work. But it seems you are not aligned on a LOT of other things. Good advice in here and ...
by Bacchus01
Mon Jan 07, 2019 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Roll Over my 401k plan to New Employer's 401k? or Not?
Replies: 17
Views: 1050

Re: Roll Over my 401k plan to New Employer's 401k? or Not?

You can certainly have more than one 401(k). If you have one with a former employer, you cannot contribute but you can maintain it there so long as you have more than 5K in it. One reason might be to keep your backdoor Roth options open without entangling a traditional IRA in the mix. that is a goo...
by Bacchus01
Mon Jan 07, 2019 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10519

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

Breaking Down the Costs of a Wedding There's no shortage of moving parts to a wedding, and some of those moving parts can really pop a dent in the household pocketbook. Consider these average wedding costs, again from The Knot: Venue - $16,107 Photographer - $2,783 Reception band/music - $4,156 Flo...
by Bacchus01
Mon Jan 07, 2019 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Move 401K to new employer or keep at old?
Replies: 16
Views: 1043

Re: Move 401K to new employer or keep at old?

I like the Institutional Index 500 in the first one, but if I’m reading that the ER is .12%. That’s really high for that fund. I have kept 401ks at former employers to access that institutional class shares, but all my ERa are .02%. I think the ER is 0.02%. The 0.12% is from the previous row of the...
by Bacchus01
Mon Jan 07, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a Ryan Home?
Replies: 30
Views: 3066

Re: Thoughts on Buying a Ryan Home?

A dirty little secret in our area. The same neighbor with the flooring built the same home as we have. However, his property tax is $1k less than ours each year. He would say, I don’t know why everybody’s taxes are so much higher! Turns out several things happen. First, he was a car dealership fina...
by Bacchus01
Mon Jan 07, 2019 9:26 am
Forum: Investing - Theory, News & General
Topic: For those retired a few years
Replies: 58
Views: 4752

Re: For those retired a few years

Hearing all the home maintenance stories is one reason we plan to buy a brand new house when we retire. Just get it out of the way.

Of course, we plan to retire around 50, so we'll end up with those costs someday :)
by Bacchus01
Mon Jan 07, 2019 8:56 am
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 83
Views: 7107

Re: Engineering school

My son was recently direct admitted to the UW Madison School of Engineering for Fall 2019. Just thought I’d share a proud Dad moment. He’s declared mechanical but may switch to electrical.
by Bacchus01
Mon Jan 07, 2019 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Move 401K to new employer or keep at old?
Replies: 16
Views: 1043

Re: Move 401K to new employer or keep at old?

I like the Institutional Index 500 in the first one, but if I’m reading that the ER is .12%. That’s really high for that fund. I have kept 401ks at former employers to access that institutional class shares, but all my ERa are .02%.
by Bacchus01
Mon Jan 07, 2019 6:37 am
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a Ryan Home?
Replies: 30
Views: 3066

Re: Thoughts on Buying a Ryan Home?

built in the 70s-80s. We are concerned about issues with older homes such as repairs. You might want to rethink this logic. IMHO, homes built around the late 70s early 80s have a number of things going for them. In most cases: -No asbestos -No lead -Copper wiring -Modern electrical (200amp) service...
by Bacchus01
Mon Jan 07, 2019 6:34 am
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a Ryan Home?
Replies: 30
Views: 3066

Re: Thoughts on Buying a Ryan Home?

Have lived in a Ryan Home for 26 years. Had a water/roof issue very early on which they addressed to our satisfaction and have not had an issue since. Talk to others in the neighborhood living in similar homes. Ours is a mix of Ryan and NV Homes and I have not heard any complaints. I take on-line r...
by Bacchus01
Sun Jan 06, 2019 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bother with 529s?
Replies: 36
Views: 2695

Re: Should I bother with 529s?

Plus taxable money can be used for non-education stuff, but if $4,000 is used for college tuition, then one can claim the AOTC and get a free $2500. That is certainly not true of 529 money used for college. Livesoft, Are you saying that if one uses 529 money to pay for college, he or she is not eli...
by Bacchus01
Sun Jan 06, 2019 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Handcuffs?
Replies: 51
Views: 4342

Re: Pension Handcuffs?

It’s part of your total compensation . If you decide to leave, just consider that.
by Bacchus01
Sun Jan 06, 2019 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bother with 529s?
Replies: 36
Views: 2695

Re: Should I bother with 529s?

Plus taxable money can be used for non-education stuff, but if $4,000 is used for college tuition, then one can claim the AOTC and get a free $2500. That is certainly not true of 529 money used for college. Livesoft, Are you saying that if one uses 529 money to pay for college, he or she is not eli...
by Bacchus01
Sat Jan 05, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is an ARM always a bad idea?
Replies: 43
Views: 3934

Re: Is an ARM always a bad idea?

Banker here. ARMS are fine and can be very useful especially for first time buyers who are almost certain to move up within 5-7 years. FYI 80% of all 30 year fixed mortgages are repaid (either by sale, refi, or by simply being paid off early) in under 10 years. We’ve been in our current home 8 year...
by Bacchus01
Fri Jan 04, 2019 5:50 pm
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8279

Re: Your ideal home size

Pro-tip: it's all about home features, amenities, and architecture rather than size. Yes. We have ended up with a larger than needed house to get kitchen and garage we want. We move every few years, not worth it to modify or build. Yeah, so many homes are poorly designed with lots of wasted space. ...
by Bacchus01
Fri Jan 04, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Back door Roth IRA for non-working spouse
Replies: 4
Views: 255

Re: Back door Roth IRA for non-working spouse

Having a hard time finding a definitive answer on this. My spouse is going back to grad school and I will be the sole earner. Income will most likely be around 210-220k this year. We will be filing as Married (joint returns). Given that my spouse will have no earned income for 2019, can we still do...
by Bacchus01
Fri Jan 04, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Recent Engineering College Graduate can’t get job interviews, needs advice
Replies: 145
Views: 10814

Re: Recent Engineering College Graduate can’t get job interviews, needs advice

If it were my son I would just suggest to him to do a Master's degree at his alma mater. That already gave him a research assistantship. It ought to be straightforward to get full funding (Research Assistantship + Teaching Assistantship + fees waiver) for an MEng. During the MEng he should include ...
by Bacchus01
Thu Jan 03, 2019 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Recent Engineering College Graduate can’t get job interviews, needs advice
Replies: 145
Views: 10814

Re: Recent Engineering College Graduate can’t get job interviews, needs advice

I have hundreds of engineers on staff. We hire lots of college grads. We would never hire one who didn’t complete at least one and usually two internships.

GPA would be secondary. And total GPA would be behind core gpa.
by Bacchus01
Thu Jan 03, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 714
Views: 92084

Re: How much money do you want to retire?

bhsince87 wrote:
Wed Jan 02, 2019 5:15 pm
About $3 million did it for me. Today is my first day!
Awesome. Congrats!
by Bacchus01
Wed Jan 02, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8279

Re: Your ideal home size

For most of our youth, my brothers and I (and my parents) lived in a <800 sq ft 3 bed, 1 bath home. Rooms were absolutely tiny. But we were happy and content. During my last year of HS, my parents expanded their home to about 1,400 sq ft. But only my younger brother was still at home and it seemed h...
by Bacchus01
Wed Jan 02, 2019 8:35 am
Forum: Personal Consumer Issues
Topic: Using less plastic
Replies: 69
Views: 1855

Re: Using less plastic

I would maintain that it's not as clear as you think. Cloth bags should be cleaned from time to time otherwise it has been documented that they build up high levels of bacteria. Not something you want to put your food in. Here cleaning is with water imported and pumped up hill for hundreds of miles...
by Bacchus01
Wed Jan 02, 2019 8:31 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2270
Views: 398102

Re: What are you up YTD? [Year To Date]

We ended the year up 2.0%.

All of that was based on new contributions or real estate value growth offset by about -6% mvestment return. Our investment accounts are 95%+ equities
by Bacchus01
Tue Jan 01, 2019 11:10 pm
Forum: Investing - Theory, News & General
Topic: Are we officially in bear market ?
Replies: 79
Views: 9727

Re: Are we officially in bear market ?

Really? The headlines are interesting. The facts are more interesting. Right now there are less than 5% of federal workers not working. Many of them are seasonal, part time, and/or vacant positions. That’s like an average week where people took vacation. The Washington Post's White House Bureau Chi...
by Bacchus01
Tue Jan 01, 2019 11:08 pm
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8279

Re: Your ideal home size

This family of five lives in a 5/3.5 5400 sq ft. We could use more space. More correctly, we could use the space we have more efficiently.