Search found 1901 matches

by Bacchus01
Thu Feb 20, 2014 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: To MBA or not MBA?
Replies: 57
Views: 7868

Re: To MBA or not MBA?

There was a similar thread on this not too long ago.

I strongly believe that online MBAs are a waste of money. I won't hire people with one.
by Bacchus01
Thu Feb 20, 2014 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Negotiation / Interview Snafu
Replies: 177
Views: 39818

Re: Job Offer Negotiation / Interview Snafu

You can tell a lot about work-life without asking the question. Drive by the place at 7:30 AM and again at 5:30 PM. How many cars are in the parking lot? Do the same on the weekend. That is a great proxy for this. Other questions that are less direct "What are the normal hours that people are in the...
by Bacchus01
Tue Feb 18, 2014 9:57 am
Forum: Personal Finance (Not Investing)
Topic: taxes done and…why is my spouse working?
Replies: 90
Views: 11370

Re: taxes done and…why is my spouse working?

I'm in the 33% tax bracket. If my wife made much at all, she'd be mostly in the 35% tax bracket. Add to that FICA and State Tax, and she's now right at 49% in taxes. She is looking to go back to work when our youngest of 3 goes to Kindergarten next year, but not full time. Ideally she would find som...
by Bacchus01
Tue Feb 18, 2014 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Voluntary Separation Package Advice
Replies: 48
Views: 11380

Re: Voluntary Separation Package Advice

If your plan is to retire and you can make it work financially, take it.

If you cannot retire and expect to have to find another comparable job, think about it for a bit. Finding a job over 55 can be very, very tough.
by Bacchus01
Mon Feb 17, 2014 9:25 am
Forum: Personal Consumer Issues
Topic: What are reliable refrigerator brands these days?
Replies: 51
Views: 34638

Re: What are reliable refrigerator brands these days?

I have a GE. I think it's about 8 years old. Works just great.

Also have a Jenn Air about 10 years old. Works just great too.
by Bacchus01
Fri Feb 14, 2014 10:08 am
Forum: Personal Finance (Not Investing)
Topic: What to do when your in-laws run out of money?
Replies: 22
Views: 4373

Re: What to do when your in-laws run out of money?

Personally, I wouldn't get the other siblings involved. This is a private transaction and your parents can deal with it after the fact. We made it very clear to our in-laws that this wasn't going to be a family discussion. If they wanted to do this, they would deal with any fallout. I know it's a co...
by Bacchus01
Thu Feb 13, 2014 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when your in-laws run out of money?
Replies: 22
Views: 4373

Re: What to do when your in-laws run out of money?

We went through exactly what you went through with my wife's parents. They had about $20K in savings and are drawing about $1600/mo in SS for both of them. They still had a mortgage and were paying $850/month for mortgage/taxes. They both still work while they are in their mid/late 70's. They were r...
by Bacchus01
Thu Feb 13, 2014 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing my MBA program... Looking for advice
Replies: 11
Views: 1979

Re: Choosing my MBA program... Looking for advice

As said above, Brand drops in a hurry outside the very top programs. Outside the top 10%, the next 80% are on mostly on par. I'd suggest you focus on what you want to get out of it. If it's a piece of paper, go cheap. If you REALLY want to learn something you can apply, and I believe that you can ge...
by Bacchus01
Tue Feb 11, 2014 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 218
Views: 34600

Re: What to do when a parent's money runs out?

Buy the house and rent it back to her. Put the rent in a desperate account. When she runs out of money again, start drawing on the rental account or reducing her rent. This is what we do with my wife's parents. When she passes, sell the house and hopefully recognize a profit. In the end you'll be ou...
by Bacchus01
Sun Feb 09, 2014 8:19 pm
Forum: Investing - Theory, News & General
Topic: Bought in, and then they start tumbling
Replies: 67
Views: 10865

Re: Bought in, and then they start tumbling

Sounds like a good chance to Tax Loss Harvest.
by Bacchus01
Fri Feb 07, 2014 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Your mortgage type, if any [POLL]
Replies: 63
Views: 5568

Re: Your mortgage type, if any [POLL]

5/1 mortgage at 2.125% on House 1, 5/1 mortgage at 2.25% on House 2. The first is 2 years in and the second is 1 year in. Why an ARM? For the first, when I did the math, even if it reset to the max after the 5-year period, it wouldn't be until year 9 before I was back to breakeven interest charges v...
by Bacchus01
Wed Feb 05, 2014 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: $10+ M, age 49, seeking wisdom regarding retirement
Replies: 61
Views: 12522

Re: $10+ M, age 49, seeking wisdom regarding retirement

I'm very interested to see where you end up. At 40, I am planning to be at $10M right around 49/50. Of course, we'll see how plans work. That will be my retirement date if things go well. But I have the same concerns as you. What will I do with my time? More importantly, since everyone else my age w...
by Bacchus01
Mon Feb 03, 2014 2:51 pm
Forum: Investing - Theory, News & General
Topic: Tell me I did the right thing
Replies: 23
Views: 3345

Re: Tell me I did the right thing

True story: Company A - I decided to hold onto options that were only a few years old. Stock was at an all-time high of $72 and my average option price was around $20. I had nearly 10K options. This was fall of 2008. Within a few months it dropped to $3.50 and then recovered to around $10. By the ti...
by Bacchus01
Mon Feb 03, 2014 12:10 pm
Forum: Investing - Theory, News & General
Topic: What is your targeted annual retirement income in today's $
Replies: 50
Views: 7677

Re: What is your targeted annual retirement income in today'

$10M X 4% withdrawl rate.

That's how I came up with my number. How I get the 4% will be a combination of pensions (2), SS, and earnings on investments.
by Bacchus01
Mon Feb 03, 2014 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Company Phantom Stock - Are We Making a Sound Decision?
Replies: 21
Views: 1967

Re: Company Phantom Stock - Are We Making a Sound Decision?

When you say your company hasn't been performing at the market, what are you seeing and what are you using as a comparison?
by Bacchus01
Tue Jan 28, 2014 4:51 am
Forum: Investing - Help with Personal Investments
Topic: Windfall and AGI question on a $65,000 tax free windfall
Replies: 6
Views: 1046

Re: Windfall and AGI question on a $65,000 tax free windfall

Pay off your high interest student loans. I would keep the lowest interest ones, but others may differ. Max your 401k and fund Roth IRAs. Find a different HSA. You know you can move it, right? If there is a state deduction, fund a 529 for you and your wife. Move yours directly to your wife after fun...
by Bacchus01
Mon Jan 27, 2014 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE - Home Affordability - Good Income, Luxury Home
Replies: 34
Views: 4419

Re: Home Affordability - Good Income, Luxury Home

By most measures, you can definitely afford it. But, I'd also suggest that you may not really know what your dream house is. Take your time and figure that out if that is really your plan. We've been in 4 houses in 14 years and there Are pros and cons of each. Our current is nearly 6000 sq ft and ha...
by Bacchus01
Fri Jan 24, 2014 5:04 pm
Forum: Personal Consumer Issues
Topic: What's your dream car?
Replies: 197
Views: 19153

Re: What's your dream car?

Ford GT
by Bacchus01
Fri Jan 24, 2014 2:35 pm
Forum: Investing - Theory, News & General
Topic: Glad I own bonds today!
Replies: 56
Views: 5825

Re: Glad I own bonds today!

Buy on Monday!
by Bacchus01
Fri Jan 24, 2014 9:39 am
Forum: Personal Finance (Not Investing)
Topic: New job/health plan a month after coverage ends, pay COBRA?
Replies: 11
Views: 1006

Re: New job/health plan a month after coverage ends, pay COB

For your FSA claim in January, they definitely should not cover that. You were not covered at the time.
by Bacchus01
Thu Jan 23, 2014 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buying REO through Hubzu [Real Estate Owned property]
Replies: 2
Views: 843

Buying REO through Hubzu [Real Estate Owned property]

Has anyone bought a REO property through Hubzu? There is some land locally I would like to buy. It has a house on it that I would likely tear down (nasty). I called the listing agent and they said they can't do anything, you have to bid through Hubzu. I'm contacting another agent to be my buyer's ag...
by Bacchus01
Thu Jan 23, 2014 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: New job/health plan a month after coverage ends, pay COBRA?
Replies: 11
Views: 1006

Re: New job/health plan a month after coverage ends, pay COB

They pretty much nailed it above. One thing to consider is whether you had an FSA. If you did, you can elect Cobra just for your medical FSA and use your full FSA dollars to pay that $500 expense. It might work something like this (I'll use some round numbers). You elected $2400 FSA for the year, or...
by Bacchus01
Sun Jan 19, 2014 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice - Job Change, Move, House, Kids
Replies: 19
Views: 1111

Re: Seeking Advice - Job Change, Move, House, Kids

We made our first move when oldest was 2 and wife was pregnant. We made move two when oldest was 4 and middle was about 6 months. We looked for houses with baby in a carrier. We made move 3 when oldest was 9, middle was 4 and youngest was just over a year.

It's tough, but not that bad.
by Bacchus01
Wed Jan 15, 2014 4:28 pm
Forum: Investing - Theory, News & General
Topic: Exercise stock options?
Replies: 5
Views: 705

Re: Exercise stock options?

I have not exercised and saw the stock drop to almost nothing (see 2009) I have exercised, then seen the stock go up 25% in just a few months (see 2013) In the end, I now manage it as a diversification issue and exercise when I'm uncomfortable with the balance, usually waiting as long as possible to...
by Bacchus01
Wed Jan 15, 2014 4:25 pm
Forum: Investing - Theory, News & General
Topic: Does it really make sense to max out tax-deferred?
Replies: 40
Views: 6798

Re: Does it really make sense to max out tax-deferred?

There are a lot of factors to consider here. For me, it's about the marginal tax rate that I'm in now versus where I expect to be later. Also, I've been blessed in the past (not current) to have access to Institution-class funds with extremely low fees that I can't get in taxable. I do the following...
by Bacchus01
Tue Jan 14, 2014 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should my son pay me rent, utilities, etc...?
Replies: 124
Views: 12923

Re: Should my son pay me rent, utilities, etc...?

According to some here, you have to claim that as income on your taxes.
by Bacchus01
Tue Jan 14, 2014 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Home buy - Now or later (Big salary increase)
Replies: 32
Views: 4968

Re: Home buy - Now or later (Big salary increase)

Location, location, location. Spend more time determining the right location. I've lived in beautiful houses in that price range, in crappy neighborhoods and hated it. I've lived in lower priced houses in great neighborhoods and would take that any day. I can't wait to get out of my current house, a...
by Bacchus01
Mon Jan 13, 2014 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Truly high earners (>$1M/year) how'd you do it?
Replies: 64
Views: 9616

Re: Truly high earners (>$1M/year) how'd you do it?

I don't know about $1M/year, but I know someone who usually makes $.5M a year. And he is a Boglehead.
by Bacchus01
Sun Jan 12, 2014 8:25 pm
Forum: Personal Consumer Issues
Topic: Poll: Understanding the average forum member age
Replies: 56
Views: 6196

Re: Poll: Understanding the average forum member age

I'm envious of the people here that are under 30. You will be much better off than us that started later. I'm 40 and started as a BH at age 39, but was saving for much, much longer.
by Bacchus01
Sun Jan 12, 2014 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Top 12.5% with $712,000 net worth
Replies: 34
Views: 7441

Re: Top 12.5% with $712,000 net worth

Wow does that guy live in a bubble? When you think being in the top 12.5% of the richest country ever is "modestly well off" you may be out of touch. Um, the U.S. is not even the richest country right now, let alone ever. What country is the richest if not the US? There are six currently listed as ...
by Bacchus01
Sun Jan 12, 2014 10:31 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 702
Views: 113368

Re: High Earners - What's Your Profession?

I think your dollar threshold is too low any more.

But, I'm President of a $500M division of a private megacorp.
by Bacchus01
Sat Jan 11, 2014 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Top 12.5% with $712,000 net worth
Replies: 34
Views: 7441

Re: Top 12.5% with $712,000 net worth

Wow does that guy live in a bubble? When you think being in the top 12.5% of the richest country ever is "modestly well off" you may be out of touch. Um, the U.S. is not even the richest country right now, let alone ever. What country is the richest if not the US? There are six currently listed as ...
by Bacchus01
Sat Jan 11, 2014 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: What apps do you use to monitor your asset allocations?
Replies: 41
Views: 3862

Re: What apps do you use to monitor your asset allocations?

Since it is important to monitor your AA, what mobile apps do you use? It is not that important to monitor your AA that often. I only look at my AA when I am about to add a good chunk of money. Re-balancing only needs to be done every few years unless the market moves a lot. Therefore, I use an Exc...
by Bacchus01
Sat Jan 11, 2014 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Top 12.5% with $712,000 net worth
Replies: 34
Views: 7441

Re: Top 12.5% with $712,000 net worth

MichaelM24 wrote:Wow does that guy live in a bubble?

When you think being in the top 12.5% of the richest country ever is "modestly well off" you may be out of touch.
Um, the U.S. is not even the richest country right now, let alone ever.
by Bacchus01
Mon Jan 06, 2014 4:33 pm
Forum: Personal Consumer Issues
Topic: How much a baby costs?
Replies: 86
Views: 7963

Re: How much a baby costs?

I thought I posted, but it looks like I didn't. Taking into account those things that we would have anyway (mortgage, car payment, car insurance, property taxes, etc.) I estimate that each of our three kids "consume" about $11,202 per year (pretty scientific!) in food, clothing, water, electricity, ...
by Bacchus01
Mon Jan 06, 2014 1:41 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in a taxable account?
Replies: 111
Views: 16620

Re: Do you invest in a taxable account?

Do you have money sitting in a savings account? Then you are invested in a taxable account. Not many people will consider a savings account an investment in a taxable account. I know I don't. As for the poll, I answered no. For starters I don't max out my tax advantaged space (and not likely to for...
by Bacchus01
Mon Jan 06, 2014 12:43 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in a taxable account?
Replies: 111
Views: 16620

Re: Do you invest in a taxable account?

Do you have money sitting in a savings account?

Then you are invested in a taxable account.
by Bacchus01
Fri Jan 03, 2014 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Updated opinions about Ally Bank?
Replies: 79
Views: 16858

Re: Updated opinions about Ally Bank?

Been with Ally for probably 10 years. The things I like: - Customer service, both online and on phone, has been fantastic the very few times I've had to use them - If you roll your short term CDs with them, they give you a .25% bonus. I'm getting 1.25-1.5% on most 12-month CDs which is not great, bu...
by Bacchus01
Thu Jan 02, 2014 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Priority among after-tax 401(k), HSA, back-door Roth and 529
Replies: 2
Views: 481

Re: Priority among after-tax 401(k), HSA, back-door Roth and

I would put it as 5 and move 5 to 6.

It is not redundant to the Backdoor Roth. It is IN ADDITION to the Backdoor Roth.

If you have to, you might also put it in front of item 4 since Roth's can be used for higher education expenses.
by Bacchus01
Thu Jan 02, 2014 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: First Year Complete, Time for a Checkup
Replies: 5
Views: 1149

Re: First Year Complete, Time for a Checkup

You are right on the marginal tax rates. I keep forgetting to change that.

Our marginal fed tax rate is 33%.
by Bacchus01
Wed Jan 01, 2014 7:25 pm
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 14725

Re: What was your 2013 return?

About 20%. Hard to manage considering all the contributions but I know my net worth, which is what I really care about, increased 27%
by Bacchus01
Tue Dec 31, 2013 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: First Year Complete, Time for a Checkup
Replies: 5
Views: 1149

Re: First Year Complete, Time for a Checkup

Thanks for the feedback. On risk, I tend to take a different approach. We feel we are ahead of the game and our biggest asset continues to be my future earning power, so we can afford to take more risk as the downside risk doesn't ultimately infringe on us meeting our goals. I know that is easier sa...
by Bacchus01
Mon Dec 30, 2013 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: First Year Complete, Time for a Checkup
Replies: 5
Views: 1149

First Year Complete, Time for a Checkup

It was just one year ago that I found this site and decided to get my financial house in order. We were doing well, but it was more out of sheer luck than actual planning. This place has been an unbelievable source of information and knowledge sharing. Thank you! Here is my original thread: http://w...
by Bacchus01
Mon Dec 30, 2013 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: College savings for a high-income household
Replies: 46
Views: 6308

Re: College savings for a high-income household

Contributing ~ 31k to Roth IRA anually (5.5k via IRA backdoor, and ~25.5k via 401k after tax) Rest goes into taxable You are contributing 5.5K to a Roth, the 25.5K is in the equivalent of a non-deductible IRA - the principal is not taxed upon withdrawal, interest and capital gains are fully taxable...
by Bacchus01
Mon Dec 30, 2013 10:46 pm
Forum: Investing - Theory, News & General
Topic: Who is lump-summing a fund on January 2, 2014?
Replies: 49
Views: 5655

Re: Who is lump-summing a fund on January 2, 2014?

Will be lumping into 5 X 529 accounts at $3k each
Will be lumping into 2 IRA accounts, then immediately converting to Roth's at $5,500 each
Will restart my 401k effective Jan 1st.
by Bacchus01
Mon Dec 30, 2013 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: large cash allocation that needs to go to bonds
Replies: 8
Views: 1043

Re: large cash allocation that needs to go to bonds

What bond fund would people recommend for the OP in taxable? Why?