Search found 1801 matches

by Bacchus01
Mon Sep 24, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: Where are the hybrid or fully electric two seater commuting vehicles?
Replies: 41
Views: 1445

Re: Where are the hybrid or fully electric two seater commuting vehicles?

For instance, a rollcage with a shell on top of a rolling battery, and just one front seat and a second seat either rear facing, or front facing but offset for a narrower stance, perhaps on only three wheels? Small enough and light enough to have 150 mile range with a relatively smaller and thus le...
by Bacchus01
Mon Sep 24, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Any reason to leave the 401(k) with previous employer open
Replies: 18
Views: 1564

Re: Any reason to leave the 401(k) with previous employer open

Check fees and access to funds. I have two that I've left with former employers. There are no fees outside the fund fees, and I have access to Institutional Class shares in both. One has an expense ratio of .02% for Vanguard broad equity (I think TSM) and the other is .04% for Vanguard S&P. Not bad....
by Bacchus01
Mon Sep 24, 2018 8:43 am
Forum: Personal Consumer Issues
Topic: Dark stain wood floors
Replies: 18
Views: 1324

Re: Dark stain wood floors

DW wants to stain the floors dark, Ive heard from others this can be a mistake due to scratches. I was curious what the boggles had to say. PS- no pets 😁 We had ours redone about 2 years ago. Didn't have a dog at the time. DW wanted dark. Refinishers (and I) lobbied hard against it. They said it wo...
by Bacchus01
Mon Sep 24, 2018 8:39 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 56
Views: 3541

Re: Bathroom and Basement Remodel Costs

My experience with basements is that they really don't get used enough to warrant the cost of a high end job nor recoup the cost when selling. There is a cool factor that kids love and dig about basements but adults, not so much. I'm also a bit biased in that when I turn off the lights I don't want...
by Bacchus01
Sat Sep 22, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 136
Views: 7839

Re: Physical Banking - Any benefits anymore?

The only reason I have a local is for cash. Sometimes need to withdraw or deposit $5K plus and I have idea how to do that at Ally.
by Bacchus01
Sat Sep 22, 2018 7:04 am
Forum: Personal Consumer Issues
Topic: What to wear for job interview - skip the tie?
Replies: 83
Views: 8713

Re: What to wear for job interview - skip the tie?

The only times I see ties and shoes are when I interview graduating students looking for the first real job. Also the last time I went with a tie at a interview was when I was out of school. If the message you want o convey is that you are looking for your first job, a suit will work. But again, sa...
by Bacchus01
Sat Sep 22, 2018 7:01 am
Forum: Personal Consumer Issues
Topic: What to wear for job interview - skip the tie?
Replies: 83
Views: 8713

Re: What to wear for job interview - skip the tie?

Here’s a bold idea, ask them.

It’s not unusual to just say “hey, I’d usually wear a suit and tie to something like this. Will that make anyone uncomfortable?” Or something. The recruiter should be helping you.
by Bacchus01
Fri Sep 21, 2018 3:16 pm
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 56
Views: 3541

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: 56
Views: 3541

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: 56
Views: 3541

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: 56
Views: 3541

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: 56
Views: 3541

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: 1295

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: 56
Views: 3541

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: 56
Views: 3541

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: 56
Views: 3541

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: 56
Views: 3541

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: 56
Views: 3541

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: 56
Views: 3541

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: 56
Views: 3541

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: 56
Views: 3541

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: 252
Views: 17771

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: 11137

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: 3796

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: 808

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: 8017

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: 1046

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: 72
Views: 5830

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: 9864

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: 2302

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: 4942

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: 9864

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: 4942

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: 9864

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: 4942

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: 1778

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: 4942

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: 9864

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: 2248

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: 1668

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: 4942

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: 9864

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: 9864

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: 4942

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: 9864

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: 4942

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: 4620

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: 9864

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: 6655

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: 8011

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.