Search found 1100 matches

by Bacchus01
Tue Nov 21, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 148
Views: 8992

Re: Why not take Social Security at 62

The OP's analysis is overly simplistic. You cannot just look at total dollars received. A dollar received today has an expected value in 10 years that is greater than a dollar received 5 years from now. So you should account for the fact that if you take social security early but do not need the mo...
by Bacchus01
Mon Nov 20, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: High deductible health insurance with HSA for family of 5
Replies: 12
Views: 876

Re: High deductible health insurance with HSA for family of 5

We’re a little older (mid 40s) with kids that are 8, 12, and 16. No contribution to HSA from employer, but otherwise similar numbers. We do the HDHP/HSA and pay all expenses out of pocket and invest the HSA balance. We have yet to hit a deductible, but this year will be close our oldest had an ER vi...
by Bacchus01
Mon Nov 20, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 88
Views: 4321

Re: Uber for someone who knows only taxis

I travel a lot.

Uber >>>>>>>>>>>>>>>>>>> Taxi

It's not close.

Cleaner. Faster. Cheaper.

I can usually get a Lux for about 1/2 the Taxi rate and 1/10 the limo rate.

I never tip.
by Bacchus01
Mon Nov 20, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Refinance 30yr to 15yr mortgage?
Replies: 32
Views: 2913

Re: Refinance 30yr to 15yr mortgage?

While it may not cash flow, it’s not clear that he’s not making money. Those are two different things. How is he making money? He's losing money every month (negative cash flow), not making money every month. The only way for him to make money is to hope the property appreciates and then sell it, o...
by Bacchus01
Mon Nov 20, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Refinance 30yr to 15yr mortgage?
Replies: 32
Views: 2913

Re: Refinance 30yr to 15yr mortgage?

While it may not cash flow, it’s not clear that he’s not making money. Those are two different things.
by Bacchus01
Sun Nov 19, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Refinance 30yr to 15yr mortgage?
Replies: 32
Views: 2913

Re: Refinance 30yr to 15yr mortgage?

You should research 15yr mortgage rates, I don’t think 2.5% is possible without paying for points. I use this webpage http://www.mortgagenewsdaily.com/mortgage_rates/daily.aspx In the last 52 weeks the lowest a 15yr FRM has been is 3.12%. Yeah, I'd love to know where anybody is getting anything clo...
by Bacchus01
Sat Nov 18, 2017 11:12 pm
Forum: Investing - Theory, News & General
Topic: WSJ commentary about declining # of publicly traded companies
Replies: 40
Views: 3427

Re: WSJ commentary about declining # of publicly traded companies

Sarbannes-Oxley. I note for the record that no one ever provides specifics after mentioning that phrase. Thus it appears to be nonsense to the casual observer, though you may in fact be correct. I don't know. The top hit on bogleheads.org is a very short thread: https://www.bogleheads.org/forum/vie...
by Bacchus01
Sat Nov 18, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: 529 or not 529?
Replies: 21
Views: 1889

Re: 529 or not 529?

Is there a state tax benefit in CA?

Don’t think about it as in 3 years. What if you could save for her 4th or 5th year, which is 7-8 years away. Does that change your thoughts?

Lastly, why are you paying extra on your mortgage?
by Bacchus01
Sat Nov 18, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: WSJ commentary about declining # of publicly traded companies
Replies: 40
Views: 3427

Re: WSJ commentary about declining # of publicly traded companies

I have workdon’t d for public Fortune 500, private equity, IPO, and private companies.

THE number one reason that companies are choosing to stay private or go private? Sarbannes-Oxley.
by Bacchus01
Fri Nov 17, 2017 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 50
Views: 6408

Re: 55+ Early retirement offer.

As others have said, first offer is usually the best. About to do one of these now. Round two, if needed, will be straight layoffs.
by Bacchus01
Fri Nov 17, 2017 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: When NOT to deduct business expenses, for solo 401K purposes
Replies: 10
Views: 2387

Re: When NOT to deduct business expenses, for solo 401K purp

Not claiming the expenses to make a 401k contribution is worse than a non-deductible IRA. You get no net deduction for the contribution, you pay ordinary income tax on withdrawals and you don't even get a basis for your contribution. Why would you do this? Just invest in tax efficient index funds i...
by Bacchus01
Fri Nov 17, 2017 9:52 pm
Forum: Personal Consumer Issues
Topic: Replace TVs with Smart Tvs or not?
Replies: 46
Views: 3245

Re: Replace TVs with Smart Tvs or not?

Or just get a cheap blu ray player. Even one used. As long as it can do NetFlix. That's what we stream on our non-smart TVs with. We just happened to need a few DVDs players a few years ago. Made sure to get "smart" ones. They were maybe $30/each brand new from Walmart. Samsung. Work perfect and str...
by Bacchus01
Fri Nov 17, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Benefits of Flagship
Replies: 38
Views: 6186

Re: Benefits of Flagship

Vanguard allows you to include Vanguard MF/ETF held in a 401K to count. Does anyone know how you actually do that? I'd be well over the flagship limit if it counted those.
by Bacchus01
Thu Nov 16, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12275

Re: Request for Promotion letter to Senior Management

Interesting! Your reason of why you need a promotion is not convincing enough. Its looks like your company does not want to promote you as they had budget to add two new managers. If they want to they would have, even to the role you fit, need etc., Basic question: As you already perform the duties...
by Bacchus01
Wed Nov 15, 2017 2:11 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 8197

Re: Has used furniture dropped in value dramatically?

At 44, our parents have a lot of good quality furniture. My wife and I have both told our patents we don’t want any of it. None. No thanks. When my grandmother died a few years back, she too had a lot of older high quality furniture. Most of it sold at an auction for like $10. I mean literally, $10....
by Bacchus01
Mon Nov 13, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12275

Re: Request for Promotion letter to Senior Management

soupcxan wrote:
Sun Nov 12, 2017 9:28 pm
OP is the only one who can’t see it.
And at this level of density, I think the letter has the opposite reaction than what he is looking for. It would if I got it.
by Bacchus01
Fri Nov 10, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 468
Views: 56529

Re: Quicken's future direction - a cause for concern

So, deluxe is now $89 at Amazon for 27 months. Since I'm on 2016, I'm debating just waiting a few years until it expires and then switching, or switch now for that price. When will 2016 sunset? You can buy 2017 Deluxe for less than $20. https://www.thepcconnectstorellc.com/products/taxact-2016-stat...
by Bacchus01
Fri Nov 10, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 139
Views: 13601

Re: New HSA provider Lively offers investments for $30/yr fee

If you’ve got $40K in HSA funds, never planning to withdraw them until much later, and just want to invest once a year in a broad find like Total Stock Market, which account is the best? I did not realize that my current HSA provider (Optum) had changed a lot of their rates with my current employer...
by Bacchus01
Fri Nov 10, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 468
Views: 56529

Re: Quicken's future direction - a cause for concern

So, deluxe is now $89 at Amazon for 27 months.

Since I'm on 2016, I'm debating just waiting a few years until it expires and then switching, or switch now for that price.

When will 2016 sunset?
by Bacchus01
Thu Nov 09, 2017 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: How old are you and what size is your portfolio?
Replies: 33
Views: 4131

Re: How old are you and what size is your portfolio?

Sure. Nobody knows you from a screen name. Many here use their actual names. Do you really think they are going to post the value of their portfolio on the Internet? In my case, it is not my real name but I have said enough about myself that it could be figured out. I'll be surprised if you receive...
by Bacchus01
Tue Nov 07, 2017 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 139
Views: 13601

Re: New HSA provider Lively offers investments for $30/yr fee

If you’ve got $40K in HSA funds, never planning to withdraw them until much later, and just want to invest once a year in a broad find like Total Stock Market, which account is the best?
by Bacchus01
Tue Nov 07, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 151
Views: 12736

Re: How old are you and how much do you save for retirement a year

44 and 49 401k - 18,000 ROTH - 11,000 HSA - 6500 403b - 5,000 NQ deferred comp - 10,000 That’s 50,500. Plus match of 9,000. Call it 60K tax advantaged 529s - 15,000 Post-tax - depends, but this year around $100k. Plus building about 12,000/yr in equity in some investment RE. Wife puts 100% of her PT...
by Bacchus01
Tue Nov 07, 2017 8:04 am
Forum: Investing - Theory, News & General
Topic: Lowering taxes on business in the US
Replies: 17
Views: 1350

Re: Lowering taxes on business in the US

So, you came here to post about speculative legislation and market timing?
by Bacchus01
Sun Nov 05, 2017 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing For "Early Retirement" In A Couple of Years
Replies: 77
Views: 7453

Re: Preparing For "Early Retirement" In A Couple of Years

ThePrince wrote:
Sat Nov 04, 2017 5:08 pm
I don’t think y’all are there yet. ~$1m is light for a couple so young.

OP is doing well!

But not remotely close to early retirement
by Bacchus01
Sat Nov 04, 2017 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Clarification of index "trust" funds in 401k
Replies: 5
Views: 556

Re: Clarification of index "trust" funds in 401k

A plan that I have some funds in from a former employer has moved to these "trust" accounts. The transaction came across fine in Quicken, but there is no ticker symbol now for "Vanguard Institutional 500 Index Trust." How do you track it? It's not even clear that the price ever changes. How does thi...
by Bacchus01
Fri Nov 03, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: "Best" Online Degree if already a college graduate
Replies: 120
Views: 14843

Re: "Best" Online Degree if already a college graduate

Anyone that went to a for profit degree mill, like UOP, tells me they went for the piece of paper and wasn’t serious about the actual education. It’s not a neutral, it’s a negative and I’d never consider hiring someone who has a UOP degree. I get you have to filter on stuff, as there are so many ap...
by Bacchus01
Thu Nov 02, 2017 2:09 pm
Forum: Personal Consumer Issues
Topic: "Best" Online Degree if already a college graduate
Replies: 120
Views: 14843

Re: "Best" Online Degree if already a college graduate

As has already been said, a Univ of Phoenix degree, and others like it, is a negative and resumes go right in the trash for me. For an online or partial online from a state or established school, I could care less if it was online or not. But, there are some schools I know are almost entirely onlin...
by Bacchus01
Wed Nov 01, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9418

Re: I'm fairly young but done with saving money

This would suggest two possibilities going forward: 1. First option is to switch to a less stressful job that pays half of my current salary and I can basically spend my entire salary every month. I will still be able to retire in 15 years. 2. Second option is to keep doing what I'm doing, and eith...
by Bacchus01
Tue Oct 31, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Favor HSA or Taxable investing for long term?
Replies: 8
Views: 649

Re: Favor HSA or Taxable investing for long term?

We're doing it in between. On January 1st (or thereabouts), we make sure we have enough for 1 year's deductible in cash in our HSA and we spend/reimburse from that. Everything else is invested. If we get past the deductible, unless there is a really huge expense after insurance pays, we'll pay the ...
by Bacchus01
Tue Oct 31, 2017 5:40 am
Forum: Personal Consumer Issues
Topic: "Best" Online Degree if already a college graduate
Replies: 120
Views: 14843

Re: "Best" Online Degree if already a college graduate

As has already been said, a Univ of Phoenix degree, and others like it, is a negative and resumes go right in the trash for me. For an online or partial online from a state or established school, I could care less if it was online or not. But, there are some schools I know are almost entirely online...
by Bacchus01
Mon Oct 30, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Delayed compensation benefits?
Replies: 14
Views: 925

Re: Delayed compensation benefits?

Lots of things here to consider, including what your investment options are and what the fees are. I do this primarily for tax planning purposes. IF you are still with the company in 5 years, one thing you can do is just take the disbursement and then re-allocate the same amount (or more) to a defer...
by Bacchus01
Mon Oct 30, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12275

Re: Request for Promotion letter to Senior Management

Be sure to follow up and let us know how the job hunt goes

Let us know how your organizational maturity plan is working too. It needs some serious work.
by Bacchus01
Sat Oct 28, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 15115

Re: What was the main reason you retired?

Not to hijack the thread, but those who answered that they disliked the job makes it a bit sad. Great you have enough to do what you want AFTER spending 30+ years doing something you disliked. Seems that one wasted a LARGE portion of their youth just to make money that they may or may not take adva...
by Bacchus01
Thu Oct 26, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12275

Re: Request for Promotion letter to Senior Management

In my career at Megacorp I leaned many things: 1. If management wants to give you a raise, but raises are "frozen", management will give you a raise. I bumped up against the top pay for my level once. So, I was promoted to a higher level doing the exact same job. Opened up the salary band again for...
by Bacchus01
Thu Oct 26, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11396

Re: Can one have too much money in tax-deferred

This includes making non-deductible tIRA contributions and either doing backdoor conversions or convert at a later date depending on your personal situation. Non-deductible TIRA is generally worse than taxable, unless you convert quickly. Not for me. All my non-deductible IRA contributions are in R...
by Bacchus01
Thu Oct 26, 2017 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12275

Re: Request for Promotion letter to Senior Management

No, just don’t. I have never seen something like that be successful. The right way to do it is to schedule time with the person and instead of saying “I need to be promoted” instead sat “what do I need to demonstrate to get to the next level?” And if they can't answer that question, that tells you ...
by Bacchus01
Thu Oct 26, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12275

Re: Request for Promotion letter to Senior Management

What's going on in the company with respect to promotions, reviews and raises? The last company had none of those for 10 years, finally had company wide reviews and average raises of 1%. Several employees had their titles changed (downgraded) so that the company would have the excuse that they were...
by Bacchus01
Thu Oct 26, 2017 5:28 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12275

Re: Request for Promotion letter to Senior Management

No, just don’t. I have never seen something like that be successful. The right way to do it is to schedule time with the person and instead of saying “I need to be promoted” instead sat “what do I need to demonstrate to get to the next level?” They might promote you on your letter just to hang on, b...
by Bacchus01
Wed Oct 25, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20047

Re: Let's talk about your FI # and family income [Financial Independence]

Nah, it was more of wishful thinking. I'd be willing to go earlier. Not expecting to make a jump from 3.5 to 10 in one year. More likely closer to $4M+ and just pull the plug despite not getting to $10M. This makes sense. On the flip side, instead of retiring early, have you considered working unti...
by Bacchus01
Wed Oct 25, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14641

Re: 2018 ACA rates now live....

Interesting. In 53022 44, 49, 16, 12, 8 $50K income - plans are free with tax subsidy $100K income - Bronze ~$300, Silver ~$750, Gold ~$1,250 $200K income - Bronze ~$2,000, Silver $2,500, $3,000 Gold These aren't nearly as bad as I thought they'd be. A lot, but I think if I retired today I could kee...
by Bacchus01
Tue Oct 24, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2018 for Mac [and PC Released]
Replies: 40
Views: 4022

Re: Quicken 2018 for Mac [and PC Released]

Looks like Staples on Premier is the best option over Amazon at this point
by Bacchus01
Tue Oct 24, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20047

Re: Let's talk about your FI # and family income [Financial Independence]

Current Situation married, 3 kids, 20 year career, now exec mgmnt annual W2 income - six figures annual expenses - 28% of income net worth including property - 5.5x annual income.10x annual expenses. Our target FI number is $10M. Yeah, I know, that's high, but that's the target. The likely number t...
by Bacchus01
Tue Oct 24, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11396

Re: Can one have too much money in tax-deferred

Part of my early retirement plan I was putting together 10 years ago, in preparation for retiring in late 2008 at age 45, was to transfer a big chunk of money from my retirement plan into my taxable account because I would be living off my taxable account for at least 15 years before I would gain u...
by Bacchus01
Tue Oct 24, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 468
Views: 56529

Re: Quicken's future direction - a cause for concern

I'm not sure I'll move. Given that the costs are only about $6/month, I think it's probably worthwhile to stay, but I like to see everyone's input so far. That's how I feel. Mainly because there aren't good alternatives for what I use it for. I see 2018 Premier for $80, so that comes to $3.33 a mon...
by Bacchus01
Tue Oct 24, 2017 4:11 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 90
Views: 12301

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

I am looking for a smart investing book to give each of my executive staff members (Dir, and VPs). They have all been promoted within the last 3-4 years and are all making money nearly 2X what they were 4 years ago. I don't want to give them advice, but I would love to give them a book on smart inve...
by Bacchus01
Tue Oct 24, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Starting a Family - HDHP or PPO?
Replies: 12
Views: 658

Re: Starting a Family - HDHP or PPO?

With pregnancies, even just 1-2 trimesters, it's a decent possibility you will hit the OOP Max in each plan, but it would be a good idea to quickly run a spreadsheet exercise to determine that. That said, if you can afford to pay the $6500 out of pocket (meaning, not dipping into the HSA balance) th...
by Bacchus01
Tue Oct 24, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 468
Views: 56529

Re: Quicken's future direction - a cause for concern

I'm not sure I'll move. Given that the costs are only about $6/month, I think it's probably worthwhile to stay, but I like to see everyone's input so far.