Search found 2043 matches

by Bacchus01
Thu Dec 13, 2018 6:06 am
Forum: Personal Consumer Issues
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 62
Views: 4480

Re: Is a New Car Okay if Driven 15+ Years?

One major advantage to buying new are the manufacturer warranties that come with new vehicles. Most manufacturers offer a bumper to bumper 3 year/36,000 warranty with longer warranties for power-train (engine, transmission) and emissions/hybrid (if applicable) components. Volkswagen is offering a 6...
by Bacchus01
Thu Dec 13, 2018 6:03 am
Forum: Personal Consumer Issues
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 62
Views: 4480

Re: Is a New Car Okay if Driven 15+ Years?

For many makes of cars, the old conventional wisdom about savings when buying low-mileage used doesn't hold up, especially if you're financing the purchase. I’ve noticed this as well. We used to target 2 year old vehicles with <20k miles. This seemed to be the sweet spot. You could get well-optione...
by Bacchus01
Wed Dec 12, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Does it ever make sense to invest in ROTH IRA before maxing our 401K?
Replies: 59
Views: 4359

Re: Does it ever make sense to invest in ROTH IRA before maxing our 401K?

If you expect that tax rates will be "much lower" in retirement, why aren't you maxing both? If one invests the Boglehead way his taxes will not be lower in retirement. He will find himself investing for tax avoidance not income. You have been warned. Only if you don’t know to manage taxes. I’m not...
by Bacchus01
Wed Dec 12, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2033
Views: 378344

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

Just did some quick math to try to take out contributions, and we're up about 1.7% YTD. Total net worth is up 6.7%, but that includes contributions and increased in home equity position.
by Bacchus01
Wed Dec 12, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Total Market Index or S&P500 index?
Replies: 17
Views: 2121

Re: Total Market Index or S&P500 index?

If I recall correctly, Vanguard recently eliminated the S&P 500 MF option in their employees 401k. Now only offers the total stock market in their 401k.. more diviersifcation for the same ER. If anyone had a good reason to go TSM, it would be VG and the likes of.. FWIW But these are my TLH partners...
by Bacchus01
Wed Dec 12, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21252

Re: What percentage of your net worth is your home equity?

Main house, about 9%
All homes, about 13.5%
by Bacchus01
Tue Dec 11, 2018 9:55 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 170
Views: 12261

Re: What Happened to you during the Financial crisis of 2007–2008

Stayed the course Laid off a lot of people. That was hard. Didn’t cash out $350K worth of options that I should have. What would they be worth now on TSM? More than enough. That was also hard. We moved in 2010. Took 18 months to sell our house at a $100K loss from what we paid in 2006. Company cover...
by Bacchus01
Tue Dec 11, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Total Market Index or S&P500 index?
Replies: 17
Views: 2121

Re: Total Market Index or S&P500 index?

If I recall correctly, Vanguard recently eliminated the S&P 500 MF option in their employees 401k. Now only offers the total stock market in their 401k.. more diviersifcation for the same ER. If anyone had a good reason to go TSM, it would be VG and the likes of.. FWIW But these are my TLH partners...
by Bacchus01
Tue Dec 11, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21252

Re: What percentage of your net worth is your home equity?

Blueskies123 wrote:
Tue Dec 11, 2018 4:20 pm
My house is paid off. I do not think of my house as part of my portfolio. I cannot spend it to buy food, I would have to move.
The question was about net worth, not investable assets. Your house is part of your net worth
by Bacchus01
Tue Dec 11, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Does it ever make sense to invest in ROTH IRA before maxing our 401K?
Replies: 59
Views: 4359

Re: Does it ever make sense to invest in ROTH IRA before maxing our 401K?

If you expect that tax rates will be "much lower" in retirement, why aren't you maxing both? If one invests the Boglehead way his taxes will not be lower in retirement. He will find himself investing for tax avoidance not income. You have been warned. Only if you don’t know to manage taxes. I’m not...
by Bacchus01
Tue Dec 11, 2018 8:44 pm
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7661

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

To each their own, I suppose, but not going anywhere except to visit family sounds like a dull way to live. Forget the scenery. Have you ever experienced another culture? Found out how people in those countries actually live? What they eat? What kind of bed they sleep on? What they actually think o...
by Bacchus01
Tue Dec 11, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Non-Qualified Deferred Compensation (NQDC) Distribution Election
Replies: 20
Views: 853

Re: Non-Qualified Deferred Compensation (NQDC) Distribution Election

Based on the limited data, and assuming you file MFJ, you are likely just under the top of the 32% bracket. A few things to consider. Insuring you have a MAGI under $400K allows you to max the child tax credit if you have children. That should be one threshold to target. Next is to use up all of the...
by Bacchus01
Tue Dec 11, 2018 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Non-Qualified Deferred Compensation (NQDC) Distribution Election
Replies: 20
Views: 853

Re: Non-Qualified Deferred Compensation (NQDC) Distribution Election

A few thoughts: 1. First I would wait a while until you are in a high tax bracket, i.e. 33% with the current code. 2. A lump sum is good for getting your money back. If your wife is worried about the fiscal health of the company she can quit. BUT if this occurs after many years of deferrals and gro...
by Bacchus01
Mon Dec 10, 2018 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Does it ever make sense to invest in ROTH IRA before maxing our 401K?
Replies: 59
Views: 4359

Re: Does it ever make sense to invest in ROTH IRA before maxing our 401K?

If you expect that tax rates will be "much lower" in retirement, why aren't you maxing both?
by Bacchus01
Mon Dec 10, 2018 10:33 pm
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7661

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

Are we nuts? To each their own, I suppose, but not going anywhere except to visit family sounds like a dull way to live. Forget the scenery. Have you ever experienced another culture? Found out how people in those countries actually live? What they eat? What kind of bed they sleep on? What they act...
by Bacchus01
Mon Dec 10, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 84
Views: 9299

Re: ROTH Ira for kids

We did it differently.

We told our kids that once they got a wage earning job, whatever that is, we would match all earnings by contributing to a ROTH IRA for them. This puts the emphasis on them to work with a nice bonus and an opportunity to talk about investing, compound growth, tax impacts, etc
by Bacchus01
Mon Dec 10, 2018 7:54 pm
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7661

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

I don’t think you’re nuts at all. I’ve been to 17 different countries on 6 continents. I’ve been to 49 states. I think there are fascinating things to see around the world, but I also think there is a lifetime of things to see in the USA or at least North America. Spending 8 hours on a plane is terr...
by Bacchus01
Mon Dec 10, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: Retired in your late 40s or early 50s?
Replies: 86
Views: 13499

Re: Retired in your late 40s or early 50s?

I FIRE'd five years ago at age 47. I'm keeping myself busy with a number of things - and that's the reason I stepped away from my profession (big law): 1. I still do some very part-time consulting because I find the law interesting. 2. I've done one post-grad degree and am working on a second one. ...
by Bacchus01
Sun Dec 09, 2018 10:31 pm
Forum: Personal Consumer Issues
Topic: PC Build Suggestions
Replies: 33
Views: 2213

Re: PC Build Suggestions

I’m surprised people actually still do this. I used to build all mine up until about 2005 or so. Now I just buy off the shelf. Admittedly, with consoles taking over our house we don’t do much PC gaming anymore, but I would still think off the shelf would be good enough in the price range you are dea...
by Bacchus01
Sun Dec 09, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Renting out 1st first home; how to get mortgage for second?
Replies: 40
Views: 3308

Re: Renting out 1st first home; how to get mortgage for second?

What is your current mortgage holder going to think about you renting out your personal residence? Is that allowed in your mortgage? If not, you risk getting it called. As long as it was used as a primary residence for at least 6 months (1 year to be safe) no lender cares about it. They just want t...
by Bacchus01
Sun Dec 09, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Renting out 1st first home; how to get mortgage for second?
Replies: 40
Views: 3308

Re: Renting out 1st first home; how to get mortgage for second?

They don't care so long as you had the intent to move in at the time of purchase. Given the loan to value I'm guessing the OP has owner occupied the property for several years. OP I've done what you have proposed. I think you're smart to keep the property if you think you will return to CA. Too oft...
by Bacchus01
Sun Dec 09, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: Electric bill with LED
Replies: 102
Views: 6807

Re: Electric bill with LED

Anyone notice a significant savings going from incandescent or CFL to LED? For about $50 in bulbs I switched all the bulbs in my house to LED. I did it to save $ and help the environment. Just wondering if anyone actually noticed a real savings month to month... I have changed some. I can’t say it ...
by Bacchus01
Sun Dec 09, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: are pre-fabricated / manufactured homes a bad investment?
Replies: 99
Views: 6570

Re: are manufactured homes a bad investment?

Here are some MH listed for sale in Mesa Arizona. The prices vary from $25K to $130K. I cannot tell which listings are owner owned land and which are parks with rent. And of course all of them have taxes. https://www.zillow.com/homes/for_sale/Mesa-AZ/pmf,pf_pt/mobile_type/19331_rid/globalrelevancee...
by Bacchus01
Sun Dec 09, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: are pre-fabricated / manufactured homes a bad investment?
Replies: 99
Views: 6570

Re: are manufactured homes a bad investment?

Home shopping and have run across a few on the MLS . I know some places won't "finance" them and insurance can be tricky? Wondered what thoughts were on them. Some I have seen look really nice, just wondered what consensus was. I am avoiding them at present in my search but a few that have popped u...
by Bacchus01
Sun Dec 09, 2018 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Has anyone adjusted their stock allocation on the dip?
Replies: 39
Views: 3268

Re: Has anyone adjusted their stock allocation on the dip?

I did a fair amount of TLH. Now holding some cash in money market but only because on Jan 1 I will fund five 529 accounts and two Backdoor ROTH IRAs ($26K total). After paying property taxes on 3 properties on Jan 31st ($7K total) and paying off the Mexico vacation we are taking in 2 weeks ($9K), I’...
by Bacchus01
Sun Dec 09, 2018 12:59 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3891
Views: 1087474

Re: What Movie Have You Recently Watched?

Hold the Dark on Netflix

Naturalist writer goes to Alaska to help track down a wild who killed a village child.

I am still confused about what actually happened.
by Bacchus01
Sun Dec 09, 2018 12:52 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3891
Views: 1087474

Re: What Movie Have You Recently Watched?

Mission Impossible: Fallout. It's kind of a sequel to Rogue Nation where Tom Cruise is once again on steroid. It was totally over the top non-stop action. Sounded familiar? It is very entertaining for the family if you like action movies. Ethan Hunt is a franchise. Not sure if he'll do another one....
by Bacchus01
Sun Dec 09, 2018 12:49 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3891
Views: 1087474

Re: What Movie Have You Recently Watched?

Hacksaw Ridge , on DVD. A true story of a US soldier during WWII, Okinawa. I thought the beginning was a little slow, but OK. As the plot progressed, it got more interesting. It also got a bit gory in the latter half of the movie. The story kept me interested and was definitely worth watching. The ...
by Bacchus01
Sat Dec 08, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: options to cover next 10 years before SS
Replies: 38
Views: 2504

Re: options to cover next 10 years before SS

Sorry don't want to. I am being purposely vague and I understand why it doesn't make sense, but it does. Except it makes it virtually impossible to really help you with options So this is not the only retirement assets. There are another $2m+. This specific pot of $600k is meant to be used as incom...
by Bacchus01
Sat Dec 08, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: options to cover next 10 years before SS
Replies: 38
Views: 2504

Re: options to cover next 10 years before SS

ras4250 wrote:
Sat Dec 08, 2018 12:40 pm
Sorry don't want to. I am being purposely vague and I understand why it doesn't make sense, but it does.
Except it makes it virtually impossible to really help you with options
by Bacchus01
Sat Dec 08, 2018 9:05 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

Social Security is not a pension. It’s an insurance plan, as stated right in the name. I prefer to think of it as a reasonably guaranteed cash flow stream... Those can be the same thing. It doesn’t make it a pension plan and it wasn’t intended as a pension plan. It was intended as an insurance plan...
by Bacchus01
Sat Dec 08, 2018 9:01 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

Social Security is not a pension plan. It’s an insurance plan, as stated right in the name. I'll just repost this here for ya (from earlier in the thread) Social Security is not a pension plan, it is insurance. [...] It’s sort of astonishing how little people really know about a program that has be...
by Bacchus01
Sat Dec 08, 2018 12:21 am
Forum: Investing - Theory, News & General
Topic: We Are Teetering on the Edge of A DEATH CROSS
Replies: 50
Views: 8461

Re: We Are Teetering on the Edge of A DEATH CROSS

Or that it matters, but I read a technical analysis today on the death cross. Essentially, it has been a precursor to every major downturn. However, in the last 50 years, returns after the death cross were, on average, BETtER than the opposite, which is the golden cross. The death cross of today is ...
by Bacchus01
Sat Dec 08, 2018 12:15 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

The problem is that many (most?) pensions were underfunded due to overly optimistic return projections by those running them. The only solutions are to (1) reduce benefits, which may not be feasible, (2) increase current contributions, or (3) both. Public pensions are underfunded because of this. M...
by Bacchus01
Fri Dec 07, 2018 8:24 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

Social Security is not a pension. It’s an insurance plan, as stated right in the name. I prefer to think of it as a reasonably guaranteed cash flow stream... Those can be the same thing. It doesn’t make it a pension plan and it wasn’t intended as a pension plan. It was intended as an insurance plan...
by Bacchus01
Fri Dec 07, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

The article is mostly okay, but I strongly disagree that the problem is a shift from income to assets, (and I suspect Merton is plugging his financial services). After all you can convert between assets and income. The real problems with pensions in their current form, and the reason they should re...
by Bacchus01
Fri Dec 07, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

For people in the group (A), it usually took a recession and almost total financial disaster before they will change and listen. This is for the lucky few that did survive from the disaster. For others, there was no recovery. You've been in the U.S. far too long to think that a large percentage of ...
by Bacchus01
Fri Dec 07, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: We Are Teetering on the Edge of A DEATH CROSS
Replies: 50
Views: 8461

Re: We Are Teetering on the Edge of A DEATH CROSS

So, with the market drops, when distributions are made, should we expect another drop in the Vanguard Index funds?

I'm anticipating more tax-loss harvesting to occur.
by Bacchus01
Fri Dec 07, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 155
Views: 16885

Re: Best values at Costco? Honestly, a little disappointed...

I've been to Trader Joe's, Whole Foods, Fred Meyer and Safeway (not Grocery Outlet). Only smiles there and young people. For some odd reason, and I can't figure out why, old and unhappy people at these stores are quickly escorted by a smiling staff member to a shiny door with the words "Soylent Cor...
by Bacchus01
Fri Dec 07, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 155
Views: 16885

Re: Best values at Costco? Honestly, a little disappointed...

Deals at Costco are usually wiped out by compulsive behavior, whether it's succumbing to the shiny big tvs at the gadget gauntlet you must pass through, or the hot dogs/ice cream/pizza you buy because it's a 'deal', or the loss through wastage. Buying in bulk + junk food temptations = more calories...
by Bacchus01
Fri Dec 07, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 155
Views: 16885

Re: Best values at Costco? Honestly, a little disappointed...

Deals at Costco are usually wiped out by compulsive behavior, whether it's succumbing to the shiny big tvs at the gadget gauntlet you must pass through, or the hot dogs/ice cream/pizza you buy because it's a 'deal', or the loss through wastage. Buying in bulk + junk food temptations = more calories...
by Bacchus01
Fri Dec 07, 2018 12:30 pm
Forum: Personal Consumer Issues
Topic: Portable Bluetooth Speaker Recommendations (loud and good sound quality)
Replies: 33
Views: 1910

Re: Portable Bluetooth Speaker Recommendations (loud and good sound quality)

My wife uses a JBL Flip 3 to teach her group exercise and boot camp classes both indoor and outside. People are moving around a lot. I think it sounds great for what it is.
by Bacchus01
Fri Dec 07, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

The article is mostly okay, but I strongly disagree that the problem is a shift from income to assets, (and I suspect Merton is plugging his financial services). After all you can convert between assets and income. The real problems with pensions in their current form, and the reason they should re...
by Bacchus01
Fri Dec 07, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

The article is mostly okay, but I strongly disagree that the problem is a shift from income to assets, (and I suspect Merton is plugging his financial services). After all you can convert between assets and income. The real problems with pensions in their current form, and the reason they should re...
by Bacchus01
Fri Dec 07, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

The problem is that many (most?) pensions were underfunded due to overly optimistic return projections by those running them. The only solutions are to (1) reduce benefits, which may not be feasible, (2) increase current contributions, or (3) both. Public pensions are underfunded because of this. M...
by Bacchus01
Fri Dec 07, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

The article is mostly okay, but I strongly disagree that the problem is a shift from income to assets, (and I suspect Merton is plugging his financial services). After all you can convert between assets and income. The real problems with pensions in their current form, and the reason they should re...
by Bacchus01
Thu Dec 06, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: What to do if expected income MIGHT phase out for Roth IRA
Replies: 7
Views: 806

Re: What to do if expected income MIGHT phase out for Roth IRA

pdavi21 wrote:
Thu Dec 06, 2018 9:28 pm
Just backdoor it, or take the risk and ROTH it with the option to recharacterize as Trad and backdoor it if required.

Same question came up literally yesterday.
This.

Backdoor Roth takes about 5 extra minutes.
by Bacchus01
Thu Dec 06, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

Social Security is not a pension plan, it is insurance. [...] It’s sort of astonishing how little people really know about a program that has been in existence since the early 1930’s. My own grandparents referred to Social Security as the “monthly pension”. It seems like a distinction without a dif...
by Bacchus01
Thu Dec 06, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gain and Tax Loss Harvesting
Replies: 10
Views: 746

Re: Capital Gain and Tax Loss Harvesting

Capital losses carry over forever, and in addition you can carry over 3k to apply against ordinary income, so you can’t waste a loss. The OP has a capital gain that falls in the 0% capital gain bracket. A capital loss must first offset capital gains before it can be applied against ordinary income,...
by Bacchus01
Thu Dec 06, 2018 8:34 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11965

Re: Why Retirement Is Broken And Needs To Be Reinvented

The article is mostly okay, but I strongly disagree that the problem is a shift from income to assets, (and I suspect Merton is plugging his financial services). After all you can convert between assets and income. The real problems with pensions in their current form, and the reason they should re...