Search found 1729 matches

by Bacchus01
Tue Aug 14, 2018 10:33 pm
Forum: Personal Consumer Issues
Topic: Master Bath remodel price?
Replies: 28
Views: 3097

Re: Master Bath remodel price?

We just remodeled our master bath late last year for $16k. It's also 2-3 times bigger than yours and we replaced everything which included new walk-in shower tile/glass door, freestanding tub, double vanity/marble tops, new toilet, additional lighting and moved a couple of drains a bit. I know it's...
by Bacchus01
Tue Aug 14, 2018 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 40
Views: 5054

Re: Asked my advisor about fees and here's their reply

John, how many funds do you have. Would you mind posting some of them along with ticker symbols? Paul Sure, heres what I see: DFTCX $47,500 DFTWX $21,500 QTMRX $18,000 DFSMX $13,700 DFTIX $13,000 BTIIX $18,000 DGEIX $11,500 DFUVX $10,600 DURPX $10,600 AMOMX $1,500 DFSVX $7800 DFSTX $6000 DFVIX $950...
by Bacchus01
Mon Aug 13, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 40
Views: 5054

Re: Asked my advisor about fees and here's their reply

What he is charging you and the response you got seems fair.

However, if you want to do it yourself you can do it much cheaper and probably better, but it requires your time and attention.
by Bacchus01
Mon Aug 13, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 69
Views: 4253

Re: House Value & Mortgage as a Percentage of Net Worth

denovo, A) That is my safety margin to account for the ownership risk. B) Those folks are not going to pay my mortgage when I am unemployed. So, why should I care about what they think? My net worth guideline allows me to pay off the mortgage and move elsewhere at any time if I need to. I had survi...
by Bacchus01
Mon Aug 13, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: My experience with CloudReady (convert your PC or Mac into a Chromebook)
Replies: 23
Views: 2140

Re: My experience with CloudReady (convert your PC or Mac into a Chromebook)

I've got two older laptops that either have no OS installed now, or are so buggy that I don't even want to fire them up. I'd love to load CloudReady to turn them into Chromebooks for our two of our kids age 9 and 12. They use googledocs for school. Can you load this without an OS on the system now? ...
by Bacchus01
Fri Aug 10, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: Vanguard Switch to Brokerage Accounts
Replies: 22
Views: 1874

Re: Vanguard Switch to Brokerage Accounts

Believe it or not but as was posted in the last rant thread on Vanguard brokerage vs mutual fund accounts that Vanguard will be transitioning all accounts to brokerage accounts in the near future. I would not be making long tern plans based on the mutual fund structure. However, we also know Vangua...
by Bacchus01
Thu Aug 09, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13982

Re: Will you pay for your kids' college/graduate education?

IMHO, parents should pay for education in proportion to what they can really afford. Country club parents, stretched to the financial limit, with two leased luxury cars who refuse to pay are cheating their children. But a hardworking two parent couple, with a house, a few cars and a summer trip to ...
by Bacchus01
Tue Aug 07, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: whole house generator different questions
Replies: 21
Views: 1544

Re: whole house generator different questions

I know there's another whole house generator thread, but I have different questions. I had a Generac dealer out today for an estimate. I want an idiot proof generator that runs on natural gas and goes on and off by itself, and a maintenance contract so it all blissfully works without my getting inv...
by Bacchus01
Tue Aug 07, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13982

Re: Will you pay for your kids' college/graduate education?

Problem with merit-based assessments (athletic or academic or however) is that the kid with the least abilities is the one who needs help the most. Society chooses to mostly ignore such weak kids because society benefits the most from those with the greatest abilities. But it's your kid... It's als...
by Bacchus01
Mon Aug 06, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13982

Re: Will you pay for your kids' college/graduate education?

NotWhoYouThink wrote:
Mon Aug 06, 2018 7:30 pm
Which would have to be co-signed.
And?
by Bacchus01
Mon Aug 06, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13982

Re: Will you pay for your kids' college/graduate education?

UW Madison is about $10,500 for tuition/fees for instate. It's a top 25 world university, and is inside the Top 25-50 in nearly every major discipline. You're right, in-state flagship Us are still pretty reasonable. And I don't think graduating college with $30K in student loans (about the average)...
by Bacchus01
Mon Aug 06, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 72
Views: 12821

Re: I pay $6K in rent. Am I an idiot for not buying?

If it was cheaper to rent, then why would the owner rent it? Rent is almost always dollars and cents more expensive. Not necessarily true. For example, in the SF Bay Area (and Cali in general), prop 13 dramatically limits the property taxes of many of these homes that have been owned for 20+ years....
by Bacchus01
Mon Aug 06, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13982

Re: Will you pay for your kids' college/graduate education?

The only realities are: 1. College and graduate school costs have increased for EVERYONE since they last went to school (20 years ago+), 2. Paying for college costs are expensive and for most will have some dent to their personal savings themselves for retirement, and 3. College debt is starting be...
by Bacchus01
Mon Aug 06, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13982

Re: Will you pay for your kids' college/graduate education?

The only realities are: 1. College and graduate school costs have increased for EVERYONE since they last went to school (20 years ago+), 2. Paying for college costs are expensive and for most will have some dent to their personal savings themselves for retirement, and 3. College debt is starting be...
by Bacchus01
Mon Aug 06, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 72
Views: 12821

Re: I pay $6K in rent. Am I an idiot for not buying?

If it was cheaper to rent, then why would the owner rent it? Rent is almost always dollars and cents more expensive. In some of these insanely expensive cities, landlords are willing to take a loss on renting today because they speculate future appreciation in home prices and/or rents. I'm not sure...
by Bacchus01
Mon Aug 06, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Costco Travel Experience?
Replies: 5
Views: 684

Re: Costco Travel Experience?

Have used them for a trip to Dominican Republic. Loved it and couldn't come within 15% of the price by going elsewhere and piecing it together.

I have NEVER been able to beat Costco rental car prices, even with our large corporate discount.
by Bacchus01
Mon Aug 06, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7148

Re: The stock market is shrinking.

Dan Rassmusen has made the argument that buyout firms are set up to have rather bad returns going forward because the firms they buyout are no longer all that cheap because so many institutional investors are crowding the space. He talked about this on meb fabers podcast if interested. I think ther...
by Bacchus01
Mon Aug 06, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 72
Views: 12821

Re: I pay $6K in rent. Am I an idiot for not buying?

If it was cheaper to rent, then why would the owner rent it? Rent is almost always dollars and cents more expensive. In some of these insanely expensive cities, landlords are willing to take a loss on renting today because they speculate future appreciation in home prices and/or rents. I'm not sure...
by Bacchus01
Mon Aug 06, 2018 5:54 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 72
Views: 12821

Re: I pay $6K in rent. Am I an idiot for not buying?

If it was cheaper to rent, then why would the owner rent it? Rent is almost always dollars and cents more expensive. But, that doesn’t mean you should buy. Rent gives flexibility. Rent is a hedge against the risk of a roof going bad, a heater busting, etc. The tax benefits of home ownership have bee...
by Bacchus01
Sun Aug 05, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 27
Views: 5624

Re: Portfolio Review, Age 31, $1.5 million net worth

Just something to consider, but in 2006 at the age of 33, my wife and I had hit a net worth of just over $1M.

When the recession hit, we went down and did not get back to $1M until late 2012. It took 4+ years. Be careful.

Good luck!
by Bacchus01
Sun Aug 05, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7148

Re: The stock market is shrinking.

Why not look at the rest of the line? You might want to do that yourself and notice that it levels off for about 4 years immediately AFTER the dashed red vertical line. Sure does. What does that tell you? Despite a major market correction which usually creates a rebound, SOX killed any rebound. It’...
by Bacchus01
Sun Aug 05, 2018 6:24 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7148

Re: The stock market is shrinking.

1. Why is the number of publicly trade companies shrinking?... Sarbanes Oxley - makes it expensive for a smaller company to be public and is incentive to stay private. This is a huge driver for many companies The cause came six years after the effect? https://imgur.com/hnmLPBI.png Why not look at t...
by Bacchus01
Sun Aug 05, 2018 6:22 am
Forum: Personal Consumer Issues
Topic: Audi A4 -- Does Anyone Have an Opinion About It?
Replies: 31
Views: 2894

Re: Audi A4 -- Does Anyone Have an Opinion About It?

I rented one for 4 days, 300 miles last year (Silvercar). Perhaps the sportiness of any car is wasted on me. I was not impressed. I prefer Lexus LS 460 (costlier, I think) and Toyota Avalon (cheaper, I think) to the Audi A4. I like quiet reliable cars. It was not a bad car, but just not worth the p...
by Bacchus01
Sun Aug 05, 2018 6:16 am
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4614

Re: How many years till FIRE? Which path would you choose?

- 150K/yr x25 = 3.75MM. - your NW: 1.8MM - 1.1MM = 0.7MM. - adding 270K/yr, at 5%. probably <10 years. - likely making hay while the sun then leaving CA is the most optimal path. Do you seriously expect a 70/30 AA to yield a 5% real return (i.e., after inflation)? That sounds overly optimistic to m...
by Bacchus01
Sun Aug 05, 2018 6:09 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7148

Re: The stock market is shrinking.

Raabe34 wrote:
Sat Aug 04, 2018 10:55 pm
gasman wrote:
Sat Aug 04, 2018 7:51 pm
1. Why is the number of publicly trade companies shrinking?
2. What can/should an investor do other than diversify as widely as possible?
Sarbanes Oxley - makes it expensive for a smaller company to be public and is incentive to stay private.
This is a huge driver for many companies
by Bacchus01
Sat Aug 04, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with too much cash?
Replies: 24
Views: 2689

Re: What to do with too much cash?

We were almost in the same spot you are about 6-8 years ago. Ultimately I took a couple days over Christmas holiday in 2012 or so. I read every piece of the wiki I could. I wrote an investment plan with my wife. We had about $500K sitting in cash at the time. After making some moves I’m our tax def...
by Bacchus01
Sat Aug 04, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with too much cash?
Replies: 24
Views: 2689

Re: What to do with too much cash?

After making some moves I’m our tax deferred accounts, starting an HSA, funding 529s, and doing backdoor Roths, we dumped $400k of that $500k into TSM and haven’t looked back. Phew, I'm so glad to hear I'm not the only one who's found myself in this situation. Do you mind if I ask - did you do it a...
by Bacchus01
Sat Aug 04, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13982

Re: Will you pay for your kids' college/graduate education?

Yes. We will foot it. We’d prefer to give out inheritance to our kids while alive, and a quality education is about the best inheritance we can give.
by Bacchus01
Sat Aug 04, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: What to do with too much cash?
Replies: 24
Views: 2689

Re: What to do with too much cash?

We were almost in the same spot you are about 6-8 years ago. Ultimately I took a couple days over Christmas holiday in 2012 or so. I read every piece of the wiki I could. I wrote an investment plan with my wife. We had about $500K sitting in cash at the time. After making some moves I’m our tax defe...
by Bacchus01
Fri Aug 03, 2018 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Land Purchase Possible or Forget About It?
Replies: 20
Views: 1712

Re: Land Purchase Possible or Forget About It?

Is there an easement to get access to the land? If not, it isn’t worth a dime.
by Bacchus01
Thu Aug 02, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: ACT test - got 34, try for 36?
Replies: 61
Views: 5224

Re: ACT test - got 34, try for 36?

Stop the madness! We are going through this process right now as I’m writing this at a hotel near Clemson. Do your research on the schools your son/daughter is interested in attending. Each schools website will tell you if they super-score the SAT (most do), the ACT (most don’t) and typically what ...
by Bacchus01
Tue Jul 31, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: $8712/year for insurance (auto, home, rental) How to reduce?
Replies: 39
Views: 2623

Re: $8712/year for insurance (auto, home, rental) How to reduce?

Those rates seem low to me, and I live in Wisconsin.
by Bacchus01
Mon Jul 30, 2018 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14076

Re: Net worth of $3.7M at age 47 - can we retire?

My situation is not different from yours. Age near 50. 2 young teenagers. Mortgage $150,000 left (but can pay off in 4 years, interest 3.875%) Reside in HCOL area. Burnout is setting in at my work badly. My plan: 1. Work 4-8 years until kids finish high school, preferably college unless burnout int...
by Bacchus01
Mon Jul 30, 2018 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14076

Re: Net worth of $3.7M at age 47 - can we retire?

Why retire cold turkey at 47? What about a leave of absence? What about a different job, something between what you do now and selling woodscrews at Home Depot. I constantly see these posts essentially saying people are tired of driving at 120mph and just want to come to a complete halt. Why not in...
by Bacchus01
Mon Jul 30, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: When mortgage rates are high, why invest in stock market?
Replies: 36
Views: 4280

Re: When mortgage rates are high, why invest in stock market?

We have bought houses in 1998, 2004, 2006, 2010, 2013, and 2016. We have refinanced in 2008, 2012. and 2017. Other than the 1998 buy at 6.75% as our first home with just 5% down, we have never had a rate over 4% and most were under 3%. I’m not seeing this 7% argument for mortgages in any lasting re...
by Bacchus01
Mon Jul 30, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: When mortgage rates are high, why invest in stock market?
Replies: 36
Views: 4280

Re: When mortgage rates are high, why invest in stock market?

We have bought houses in 1998, 2004, 2006, 2010, 2013, and 2016. We have refinanced in 2008, 2012. and 2017. Other than the 1998 buy at 6.75% as our first home with just 5% down, we have never had a rate over 4% and most were under 3%. I’m not seeing this 7% argument for mortgages in any lasting rea...
by Bacchus01
Mon Jul 30, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: 401K withdrawal in first year of retirement? Tax question.
Replies: 16
Views: 1086

Re: 401K withdrawal in first year of retirement? Tax question.

I would consider doing ROTH conversions to the top of the 22% bracket and possibly the 24% bracket starting next year at least.
by Bacchus01
Mon Jul 30, 2018 7:11 am
Forum: Investing - Theory, News & General
Topic: Are stocks dangerously overvalued? Not according to new Vanguard yardstick
Replies: 84
Views: 8463

Re: Are stocks dangerously overvalued? Not according to new Vanguard yardstick

If nothing changes at all, and 2008 is removed from the data, what does CAPE look like?

Edit: interesting article

https://www.google.com/amp/s/earlyretir ... -fear/amp/
by Bacchus01
Mon Jul 30, 2018 6:02 am
Forum: Personal Consumer Issues
Topic: ACT test - got 34, try for 36?
Replies: 61
Views: 5224

Re: ACT test - got 34, try for 36?

My son got a 31. I’m encouraging him to take it again. However, he wants to go to the flagship state university (UW-Madison) and a slightly better ACT would probably help. If he had gotten a 34, I’d be doing dances I’m the street because he’d almost certainly get into UW. UW does not give merit aid,...
by Bacchus01
Thu Jul 12, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: Tool cabinets?
Replies: 32
Views: 2161

Re: Tool cabinets?

SuperGrafx wrote:
Wed Jul 11, 2018 2:55 pm
Just go to Sears or Lowe's and get a Craftsman model.
Most of them are still made in the US and priced competitively.
No need to over complicate this.
This is largely false.

I have a large craftsman set in my garage. That said, if I was buying today, US General would be the choice.
by Bacchus01
Wed Jul 11, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: College savings plans - Roth vs. 529
Replies: 32
Views: 2522

Re: College savings plans - Roth vs. 529

I am not in favor of using retirement accounts for other purposes. There are many ways to pay for college, but only one to pay for retirement. If you don't like 529 plan restrictions, either set up an UTMA account or just invest in a taxable account. What? There are just as many ways for retirement...
by Bacchus01
Wed Jul 11, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ex wants to use me for Joint and Survivor Annuity to forward to kids
Replies: 32
Views: 1797

Re: Ex wants to use me for Joint and Survivor Annuity to forward to kids

He can’t just name them in equal parts? I have a pension that allows me to name anyone as a beneficiary (including anyone posting on this thread!) , but it can only be one person. Also, the age of the beneficiary determines the hit my pension will take vs. the single life annuity. The younger the p...
by Bacchus01
Wed Jul 11, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Personal 529 inherited by sons - are they taxable?
Replies: 16
Views: 1510

Re: Personal 529 inherited by sons - are they taxable?

Thanks! Since we are funding a 529 for each of my wife and I with the intention to move to our kids and gain a little extra state tax protection , is it advisable to move amounts each year to the new beneficiaries (our kids) up to the annual exclusion to make it simple? I'm not using any savings bo...
by Bacchus01
Wed Jul 11, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9513

Re: What rate of return are you using for retirement projections?

Using broad market ultra-low cost index funds, I would use the following nominal expected 30 year returns for planning: 2.0% inflation 2.5% cash and cash-like 4.0% intermediate-term bonds 7.0% global equities 5.5% balanced 60/40 with some cash Rick Ferri This Some of you are real pessimists! Wow. I...
by Bacchus01
Wed Jul 11, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Personal 529 inherited by sons - are they taxable?
Replies: 16
Views: 1510

Re: Personal 529 inherited by sons - are they taxable?

Thanks! Since we are funding a 529 for each of my wife and I with the intention to move to our kids and gain a little extra state tax protection, is it advisable to move amounts each year to the new beneficiaries (our kids) up to the annual exclusion to make it simple? I would not. It would have th...
by Bacchus01
Wed Jul 11, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Personal 529 inherited by sons - are they taxable?
Replies: 16
Views: 1510

Re: Personal 529 inherited by sons - are they taxable?

So, if I have $50k in an account now with me as the beneficiary, and I want to move that to my sons account in the next twelve months as he enters college, that is treated as a taxable gift? It is treated as a "reportable" gift. Either using only the annual exclusion (2018 = $15K) with the remainin...
by Bacchus01
Wed Jul 11, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: When to start taxable?
Replies: 22
Views: 2069

Re: When to start taxable?

You don’t say how much you have in residual income not what tax bracket, but my order of funding is:

- 401k to max match
- HSA
- Roth IRA
- 401k to $18.5k
- 529s
- NQ deferred comp to get to 24% marginal bracket
- after tax
by Bacchus01
Wed Jul 11, 2018 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Personal 529 inherited by sons - are they taxable?
Replies: 16
Views: 1510

Re: Personal 529 inherited by sons - are they taxable?

So, if I have $50k in an account now with me as the beneficiary, and I want to move that to my sons account in the next twelve months as he enters college, that is treated as a taxable gift? But, if I just write a check for his college expenses, it’s not treated as a taxable gift? How does that work...
by Bacchus01
Wed Jul 11, 2018 5:57 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4723

Re: 30 Year vs 15 Year Mortgage

I am a fan of the 30 year fixed rate approach. It's one of the best hedges against inflation available to most people. If inflation and interest rates rise, you're golden. If they drop, you can refinance. If you want to pay it off early, you can. Plus it gives you more liquidity. I have always done...