Search found 1900 matches

by Bacchus01
Tue Nov 13, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 19
Views: 1609

Re: Downloadable Social Security Benefit Estimator (2019 Update)

Just started playing with some future year assumptions this afternoon and noticed that you have the SSWB set quite low for the next 13 years. Can you explain why that is? The indexing also looks a bit off to me as well. I can't see your image. Can you give me an example of the problems you are seei...
by Bacchus01
Tue Nov 13, 2018 7:45 am
Forum: Investing - Help with Personal Investments
Topic: The Disaster That Is General Electric Company Stock
Replies: 25
Views: 5996

Re: The Disaster That Is General Electric Company Stock

This could be a buy opportunity. Much like buying in 09 and selling in 16, you could have doubled your investment while collecting dividends the whole time. While the reduction in dividend is quite a blow, it was probably a smart move. There is also talk of GE breaking up into smaller companies wit...
by Bacchus01
Tue Nov 13, 2018 7:44 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 79
Views: 7765

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I wish Vanguard would get into the game. It would simplify things for me. But I totally get why the big boys aren't getting into it. Look at the fees, they're piddly. I did a post recently looking at all the top players and the vast majority would collect fees from me of under $100 a year. Hard to ...
by Bacchus01
Mon Nov 12, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: The Disaster That Is General Electric Company Stock
Replies: 25
Views: 5996

Re: The Disaster That Is General Electric Company Stock

This could be a buy opportunity. Much like buying in 09 and selling in 16, you could have doubled your investment while collecting dividends the whole time. While the reduction in dividend is quite a blow, it was probably a smart move. There is also talk of GE breaking up into smaller companies wit...
by Bacchus01
Mon Nov 12, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 79
Views: 7765

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I wish Vanguard would get into the game. It would simplify things for me. But I totally get why the big boys aren't getting into it. Look at the fees, they're piddly. I did a post recently looking at all the top players and the vast majority would collect fees from me of under $100 a year. Hard to ...
by Bacchus01
Mon Nov 12, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Is maxing out Tax defered 401(k) enough?
Replies: 45
Views: 3955

Re: Is maxing out Tax defered 401(k) enough?

You’re doing fine. That said, I’d be saving a lot more. You should take advantage of all tax advantages plans every year. You can’t get them back. Max 401k, max ROTH IRA, Max HSA and pay expenses out of pocket, and if paying kids college is important, max to the state tax deduction. Then see how you...
by Bacchus01
Mon Nov 12, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 79
Views: 7765

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I wish Vanguard would get into the game. It would simplify things for me. But I totally get why the big boys aren't getting into it. Look at the fees, they're piddly. I did a post recently looking at all the top players and the vast majority would collect fees from me of under $100 a year. Hard to ...
by Bacchus01
Sun Nov 11, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 79
Views: 7765

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Last I knew, Fidelity's current HSA fees were $12/quarter if an employer was no longer paying them, with no cash minimum. I believe you could invest in just about anything. I don't know about the 0% ER index funds. This would be a welcome addition to the HSA custodian choice. Now, if we could just ...
by Bacchus01
Sun Nov 11, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: New job - not sure how much to 401k and how much to Roth IRA
Replies: 17
Views: 1365

Re: New job - not sure how much to 401k and how much to Roth IRA

Good luck in the new job! It sounds like you have your answer and I concur with thi: 401k to the match, then all ROTH IRA to max, then back to 401k pre-tax. Set it and forget it at that. The biggest advice I can tell you regarding your plan is to focus less on your investment returns and more on the...
by Bacchus01
Sun Nov 11, 2018 6:34 am
Forum: Investing - Help with Personal Investments
Topic: Max Retirement Contribution for couples.
Replies: 5
Views: 694

Re: Max Retirement Contribution for couples.

You can do $18.5k to trad 401k, not $18k.


If you can afford it, do the entire Mega Backdoor ROTH to the fulle amount. Since it’s ROTH, you can always pull contributions out if you are in a pinch, but you can’t add later for the year you missed.
by Bacchus01
Sun Nov 11, 2018 6:30 am
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 84
Views: 13761

Re: Don't pay full price for SiriusXM radio

Pandora is better, more mobile, and free. Free even if you pay for mobile data? I prefer the lower overall cost of my current free cell phone plan with limited "free" data, plus the $5/mo I pay for SiriusXM. Unlimited data You pay for unlimited data, I pay much less for XM Good for you. I have unli...
by Bacchus01
Sun Nov 11, 2018 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp good idea?
Replies: 25
Views: 2588

Re: Deferred Comp good idea?

Consider if there are some income levels you want to get under. E.g. the next marginal tax bracket, under $400k for child tax credit, under $250k to avoid additional investment taxes, etc. So you have the chance to defer again? I would pick the shortest deferral. When you get to year three, see if i...
by Bacchus01
Sat Nov 10, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Confused about FSA when quitting mid-year
Replies: 9
Views: 726

Re: Confused about FSA when quitting mid-year

You can COBRA FSA as well. There are some good reasons to do it.
by Bacchus01
Sat Nov 10, 2018 11:03 pm
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 84
Views: 13761

Re: Don't pay full price for SiriusXM radio

neilpilot wrote:
Sat Nov 10, 2018 10:36 am
Bacchus01 wrote:
Sat Nov 10, 2018 10:04 am
Pandora is better, more mobile, and free.
Free even if you pay for mobile data? I prefer the lower overall cost of my current free cell phone plan with limited "free" data, plus the $5/mo I pay for SiriusXM.
Unlimited data
by Bacchus01
Sat Nov 10, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 84
Views: 13761

Re: Don't pay full price for SiriusXM radio

Pandora is better, more mobile, and free.
by Bacchus01
Fri Nov 09, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement and Asset Allocation
Replies: 20
Views: 1953

Re: Early Retirement and Asset Allocation

Whatever you do, don’t rush. You have time. I think your friend is way overly conservative. I’m not sure I’ll ever be under 90% equities, however, so u fees tans my risk tolerance may not align with yours. You can move more conservative over time. As you get dividends in taxable, go conservative. TL...
by Bacchus01
Thu Nov 08, 2018 9:42 pm
Forum: Personal Consumer Issues
Topic: New Treadmill - Proposition 65 Warning Label
Replies: 22
Views: 2022

Re: New Treadmill - Proposition 65 Warning Label

It’s a joke

We have a label for prop 65 that basically says “everything in this product could kill you”

Leave it at that.
by Bacchus01
Thu Nov 08, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14492

Re: How much money are you leaving your kids after you die?

Our daughter doesn't know our net worth. She asks, but I tell her that my father didn't share that with me until I was well into my 40s/50s, and I'm inclined to do the same with her. Unsure about this ... Not to single out this poster, but does anyone else feel this rubs them the same way as it doe...
by Bacchus01
Thu Nov 08, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 45326

Re: Whats your number to walk away?

Ours has always been $10M, but I doubt I’ll wait that long. At 45, we are at ~$3M. With three kids to out through college and healthcare, that’s a concern. However, I have some things going on at work that should put us over $4M by the end of 2020. With a pension that should top $75K at 65, plus any...
by Bacchus01
Thu Nov 08, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8048

Re: 1/3 of Baby Boomers have no retirement savings...

How many of them have pensions or taxable accounts? These studies don't take a holistic view of the population's personal finances, so I'm not sure we can draw any conclusions from them. It seems unlikely 1/3 of boomers will be eating cat food in retirement, though. This. When my parents retired 10...
by Bacchus01
Thu Nov 08, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14492

Re: How much money are you leaving your kids after you die?

Legacy is everything to me. I love my kids. My grandkids fall far... far and away behind my sons. Life is unpredictable. Like my parent, I want to give them a chance to live comfortably during their retirement. To me, having money is not about what's in it for me. It's about not worrying about tomo...
by Bacchus01
Tue Nov 06, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12649

Re: Are we in trouble?

High is relative, right? My property taxes in OH are 2%. My property taxes in TX are 2.3%. So going from OH to TX costs me 0.3% on a $700k house ($600k with the homestead exemption). But I am taking home $40k more because of no state or local income tax. Net net, that is $38,200 more take home pay....
by Bacchus01
Tue Nov 06, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14492

Re: How much money are you leaving your kids after you die?

The plan is nothing. The reality is probably a lot. We commit to giving to our kids while we are alive in three key ways: - Fund their college/tech education - Fund their kids (our grandkids) college/tech education - Fund their ROTH IRA for every year they work, matching their income up to the IRA m...
by Bacchus01
Tue Nov 06, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?
Replies: 26
Views: 2276

Re: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?

What is South Padre Island like in December? I'm thinking too cold, but we want to get away around Christmas and my parents vacation about 1.5 hours from there for the winter (Mission, TX).
by Bacchus01
Tue Nov 06, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12649

Re: Are we in trouble?

I think OP has not painted a very complete picture because midway through the thread a 3rd property (paid off) that they plan to retire to appeared.. Yes, the sudden appearance of a third, paid-off house in an unnamed location changes everything. OP, what other big curve balls do you have for us? M...
by Bacchus01
Tue Nov 06, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 702
Views: 113275

Re: High Earners - What's Your Profession?

Would really like to revive this thread instead of starting a new one. Not sure why some are so reluctant to share exact numbers as we are supposedly ananomyous. Good point. Okay, to be more helpful, I'll share. I'm in the top 1% by income. My profession: STEM Ph.D. student. Are you saying that as ...
by Bacchus01
Tue Nov 06, 2018 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Am I buying too much house??! What kind of mortgage?
Replies: 26
Views: 4507

Re: Am I buying too much house??! What kind of mortgage?

I would rent. Even though we own three homes, I am constantly struggling with whether home ownership is now, or will be, a good idea. I question that even the coasts can maintain the housing state. I look at the next generation (my oldest is 17) and I question whether my kids will ever own a home. N...
by Bacchus01
Tue Nov 06, 2018 2:23 am
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12649

Re: Are we in trouble?

I think OP has not painted a very complete picture because midway through the thread a 3rd property (paid off) that they plan to retire to appeared... It seems like OP is a bit over-extended and disappointed that the grass was not as green on the TX side of the river. Selling the Chicago house quic...
by Bacchus01
Mon Nov 05, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12649

Re: Are we in trouble?

I just do not want to make decisions when i am feeling so upset and make things worse and hence looking for some outside perspective. Outside perspective? (IMO) You've purchased more house than you can afford! Twice! Good luck! a 1.2 mil house on 370k of income is hardly unaffordable. Technically, ...
by Bacchus01
Mon Nov 05, 2018 6:52 am
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4836

Re: Engineering school

Having been through it, the primary advice I would give is to only attend a competitive state engineering school if you think you will be in the upper 25% of your class. Many of these schools oversubscribe and have no incentive to keep students around. They can and will use harsh grading curves to ...
by Bacchus01
Sun Nov 04, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5885

Re: Deal fell through and didn't get escrow money.....

I am surprised that the sellers would accept 1% of the sales price as the earnest money. That indicates to me that the buyer is not that serious and could easily walk away from that money, should the deal go sour (for any number of reasons, not just because their old house didn't sell). It’s a good...
by Bacchus01
Sun Nov 04, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5885

Re: Deal fell through and didn't get escrow money.....

I'd venture to guess that the earnest money is forfeited in less than 20% of the cases when a deal falls through. Even that figure may be a little high. Earnest money helps honest people act ethically, and is just a speed bump for unethical people. We had someone back out on us one time. They wante...
by Bacchus01
Sat Nov 03, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4836

Re: Engineering school

Any recommendations on a good engineering school for electrical engineering in Illinois or the Midwest. Thanks Can I throw in U Washington in Seattle? It was very good in computer science 3 decades ago. It does not meet your geographical criterion *but* it would be a fabulous place to be a student ...
by Bacchus01
Sat Nov 03, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred Compensation Program?
Replies: 18
Views: 1275

Re: Deferred Compensation Program?

There is no 25% tax bracket. How do you expect to be there when retired?
by Bacchus01
Sat Nov 03, 2018 5:22 pm
Forum: Personal Consumer Issues
Topic: Please help me with my car decision
Replies: 42
Views: 3388

Re: Please help me with my car decision

I’m confused.

You have a minivan that your nanny never actually uses, but you state it’s inconvenient for her not to be able to use it.

Your wife has a car that should be able to seat 3 kids in a pinch.

Why do you need a 4th car?
by Bacchus01
Sat Nov 03, 2018 10:49 am
Forum: Personal Consumer Issues
Topic: Should I buy a fire truck?
Replies: 13
Views: 875

Re: Should I buy a fire truck?

Absolutely!
by Bacchus01
Sat Nov 03, 2018 8:03 am
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4836

Re: Engineering school

Rose-Hulman Institute of Technology is an absolutely fantastic school. The biggest downsides are expenses and a heavy workload, but you'll get a best-in-class education there. Oh, also, it's an engineering-only school and has the gender ratio you'd expect (roughly 3 men for every woman), so if you'...
by Bacchus01
Sat Nov 03, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Should I keep the Mazda or the Lexus?
Replies: 10
Views: 1091

Re: Should I keep the Mazda or the Lexus?

I don’t think I’ve ever heard anyone rave about a CT200H. Not one person.
by Bacchus01
Fri Nov 02, 2018 11:23 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4836

Re: Engineering school

Rose-Hulman Institute of Technology is an absolutely fantastic school. The biggest downsides are expenses and a heavy workload, but you'll get a best-in-class education there. Oh, also, it's an engineering-only school and has the gender ratio you'd expect (roughly 3 men for every woman), so if you'...
by Bacchus01
Fri Nov 02, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4836

Re: Engineering school

MSOE
UW-Madison
UW-Platteville
UW-Milwaukee
by Bacchus01
Thu Nov 01, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: First Major Medical Expenses under HDHP
Replies: 31
Views: 3088

Re: First Major Medical Expenses under HDHP

Hi everyone. Thanks for all of the responses! I left some stuff out not realizing that it might be important: -I am maxing out each my 401k, Roth IRA and HSA at the moment. Retirement savings is the largest single expense I have right now, and it took no small amount of courage to build up to maxin...
by Bacchus01
Thu Nov 01, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Planning
Replies: 5
Views: 836

Re: 2019 Planning

It's my understanding that you either take the standard deduction or itimize (state/local taxes, mortgage interest, etc.). I don't itemize so I don't know all the details of itemizing. You can't take both the standard deduction & itemize deductions. The elimination of the personal exemption (used t...
by Bacchus01
Thu Nov 01, 2018 7:04 pm
Forum: Personal Consumer Issues
Topic: What does the BH community do with their pets when they travel?
Replies: 78
Views: 6349

Re: What does the BH community do with their pets when they travel?

We got an Aussidoodle last Xmas. At one year he’s now nearly 90 lbs. much bigger than expected. We absolutely adore him and he us. We tried someone that watches in their home. He hated it. Not enough room to move and they had some other small dogs there that clearly had “small dog syndrome.” We trie...
by Bacchus01
Thu Nov 01, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Planning
Replies: 5
Views: 836

Re: 2019 Planning

retiredjg wrote:
Thu Nov 01, 2018 5:10 pm
Bacchus01 wrote:
Thu Nov 01, 2018 4:05 pm
What am I missing? What other thresholds should I be paying attention to?
NIIT?
Thanks. Something I’ve tried to avoid in the past, but that’s another huge chunk downward to get sub $250K.
by Bacchus01
Thu Nov 01, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: Used 2016 Lexus GS 350: 40k miles too much?
Replies: 38
Views: 3324

Re: Used 2016 Lexus GS 350: 40k miles too much?

I have a 2017 grand Cherokee I bought new 14 months ago.

It has 41,500 miles on it.

40K in 2.5 yrs would not worry me
by Bacchus01
Thu Nov 01, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5687

Re: Tax refunds expected to be 26% more in 2019

I usually run it just after bonus time (April 1), around when I hit the FICA limits (June-ish) and again when hit the 401k max (October-ish). Sometimes once again inn Dec 1 just to make sure I won’t incur an underpayment penalty. If you hit your 401k max in October, does your employee still offer m...
by Bacchus01
Thu Nov 01, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Planning
Replies: 5
Views: 836

2019 Planning

Soon I'll have to make deferred comp decisions for 2019. Since I have some special things happening in 2019, I expect to exceed some income thresholds and would like to use NQ deferred comp to get under some income thresholds. I expect that my total gross comp could be ~$600k W2 plus about $20K in d...
by Bacchus01
Thu Nov 01, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7006

Re: 2019 401(k) Contribution Limit

the HSA limit for both individuals and families is comically low given how much of a struggle it is in the event of an actual illness. both should be at least double. "here save $3450 tax free this year. but remember that hospital visit? yeah. your total will be $257,000 from the facility, $75,000 ...
by Bacchus01
Thu Nov 01, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5687

Re: Tax refunds expected to be 26% more in 2019

This is the first year where both of us are working as w2 employees for the full year. And I have now found it harder to figure out what we should own than when my wife was 1099 alone or 1099 and w2 in the same year. I don't see how you guys can get within $10. You must have zero variability in inc...