Search found 1748 matches

by Bacchus01
Thu Jun 28, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Bonus to pay for Moving Expenses - Due to Tax Law Change
Replies: 5
Views: 894

Re: Bonus to pay for Moving Expenses - Due to Tax Law Change

aadwen wrote:
Wed Jun 27, 2018 7:59 am
That’s not true. I’m well within the 24% bracket.
I didn’t say it was true.
by Bacchus01
Thu Jun 28, 2018 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8619

Re: Retirees: When you cut spending, what do you cut?

I’m not retired, but just looking at our own spending today: - we have $1400/mo in two car payments. Get two cheaper cars and also drop our insurance rates proabably easily saves us $1000+/mo - dining out - we don’t do a lot of big meals out, but for our family of five there are a lot of Starbucks ...
by Bacchus01
Wed Jun 27, 2018 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Bonus to pay for Moving Expenses - Due to Tax Law Change
Replies: 5
Views: 894

Re: Bonus to pay for Moving Expenses - Due to Tax Law Change

Tell your employer that due to your income and other sources this reimbursement is likely to be in the top marginal bracket. Have them gross up to that.
by Bacchus01
Tue Jun 26, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 101
Views: 11667

Re: $1 million house--- sanity check

Seriously?

Yes, OP, you can afford it. We make about what you make, and with a family of 5, we carry loans on 3 properties that are about $900k total value. Our $4k/mo mortgages plus $1100/mo taxes are no major strain.
by Bacchus01
Tue Jun 26, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 101
Views: 11667

Re: $1 million house--- sanity check

lws wrote:
Tue Jun 26, 2018 2:54 pm
From experience, 3000 sq ft is too big for four.
Huh?

We have 5,400 for 5. Feels okay.
by Bacchus01
Tue Jun 26, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21110

Re: Can you retire on $2M?

Cars $22K: Car payment $6K, gas $4K, Insurance $5.5K (teen driver), maintenance/excise/AAA/etc. $6.5K (three cars). Again we won't incur all of this every year (there will be plenty of years we don't have any car payment; insurance will go down after the kids are off the policy, etc.). So assume sa...
by Bacchus01
Tue Jun 26, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: The "leaving the old 401k where it is" argument
Replies: 30
Views: 3802

Re: The "leaving the old 401k where it is" argument

Lower cost fund access is usually the one I see. At two of my former companies I have access to institutional class shares with expense ratios of .02% and .04%. The best S&P/TSM type fund in my current 401k has an expense ratio of .12%. To me, the added complexity is worth the ~.1% savings in fees p...
by Bacchus01
Tue Jun 26, 2018 8:35 am
Forum: Investing - Theory, News & General
Topic: General Electric booted from Dow Jones Industrial Average
Replies: 52
Views: 6456

Re: General Electric booted from Dow Jones Industrial Average

And Jenbacher to be sold.

Now the healthcare business.

Slowly coming apart.
by Bacchus01
Mon Jun 25, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21110

Re: Can you retire on $2M?

Yes, absolutely I could and never worry about money again. As could I, totally depends on your lifestyle expectations. I suspect most, even on this board, would totally balk at the idea off living off of $40k/yr or suggest that it isn't even possible, but I disagree. With a pair of children in dayc...
by Bacchus01
Mon Jun 25, 2018 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21110

Re: Can you retire on $2M?

In doing the math, it seems like if you're 40 with $2M you could possibly retire. $2M @ 8% interest annually for 40 years (die at 100 years old) yields you $161,000 annually. You may not draw $161,000 to start, maybe you draw $60,000 and therefore grow your overall pot over 40 years. Then again, if...
by Bacchus01
Mon Jun 25, 2018 5:40 am
Forum: Investing - Theory, News & General
Topic: General Electric booted from Dow Jones Industrial Average
Replies: 52
Views: 6456

Re: General Electric booted from Dow Jones Industrial Average

Sounds like GE will announce the sale of its Jenbacher/Wisconsin Engine business today or this week.
by Bacchus01
Mon Jun 25, 2018 5:38 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21110

Re: Can you retire on $2M?

Here is the example I am using, this lady "retired" at 28: http://money.cnn.com/2017/08/02/pf/early-retirement/index.html I guess I should have started there, if she's retiring with $2.25M is that really sustainable? She's doing withdrawals currently and still has a long time to go. Schrute - you c...
by Bacchus01
Mon Jun 25, 2018 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21110

Re: Can you retire on $2M?

I’m hoping $2M is enough. That’s all I’ve got and this Friday is my last work day. Retiring at 66 plus a month. Wife is 10 years younger and does not work, so the planning horizon is long with her age. $2M at 66 is not the question. Your timeframe is presumably shorter than someone at 40. But regar...
by Bacchus01
Mon Jun 25, 2018 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21110

Re: Can you retire on $2M?

Yes, absolutely I could and never worry about money again. As could I, totally depends on your lifestyle expectations. I suspect most, even on this board, would totally balk at the idea off living off of $40k/yr or suggest that it isn't even possible, but I disagree. With a pair of children in dayc...
by Bacchus01
Sat Jun 23, 2018 8:59 am
Forum: Investing - Theory, News & General
Topic: General Electric booted from Dow Jones Industrial Average
Replies: 52
Views: 6456

Re: General Electric booted from Dow Jones Industrial Average

I thought Jack Welch was a genious. What happened? DMW Welch left, that’s what happened He’s no genius, if he was that good he would have hired a strong bench, that didn’t happen. Wrong. The Board made the choice. Jack had several successors lined up. Many are now running very successful companies....
by Bacchus01
Sat Jun 23, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8619

Re: Retirees: When you cut spending, what do you cut?

I’m not retired, but just looking at our own spending today: - we have $1400/mo in two car payments. Get two cheaper cars and also drop our insurance rates proabably easily saves us $1000+/mo - dining out - we don’t do a lot of big meals out, but for our family of five there are a lot of Starbucks s...
by Bacchus01
Wed Jun 20, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: ARM options, thought process
Replies: 8
Views: 855

Re: ARM options, thought process

Almost every time I’ve evaluated a 5-year ARM, the worst case scenario was a breakeven in interest at around 9-10 years. I’d let it ride myself. That said, you might be able to get a 15 year close to that rate. When our ARM reset last year, we looked to redo to another 5-ARM, but the rate difference...
by Bacchus01
Wed Jun 20, 2018 5:47 am
Forum: Investing - Theory, News & General
Topic: General Electric booted from Dow Jones Industrial Average
Replies: 52
Views: 6456

Re: General Electric booted from Dow Jones Industrial Average

Dead Man Walking wrote:
Wed Jun 20, 2018 12:18 am
I thought Jack Welch was a genious. What happened?

DMW
Welch left, that’s what happened
by Bacchus01
Tue Jun 19, 2018 9:21 pm
Forum: Investing - Theory, News & General
Topic: General Electric booted from Dow Jones Industrial Average
Replies: 52
Views: 6456

Re: General Electric booted from Dow Jones Industrial Average

123 wrote:
Tue Jun 19, 2018 8:44 pm
General Electric is just another example of a company in decline, often the result of poor management decisions, misdirection, and inattentiveness. A great example of specific company risk that is mitigated in index funds through broad diversification.
Or lazy, disengaged employees.
by Bacchus01
Mon Jun 18, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 11042

Re: Timeshare ever worth it? Please share details

In the short and long run. . . . . . viable alternatives . . . some might consider. 1 VRBO 2 AirBnB 3 Short Term Rentals 4 Hotel 5 Resort 6 etc. Pros: No strings. No ties. No contracts. No "buy in". Flexibility. Cons: Not "fractional ownership", not "time share". Perhaps a "Boglehead" approach woul...
by Bacchus01
Mon Jun 18, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice (take the promotion or not)
Replies: 29
Views: 3912

Re: Career advice (take the promotion or not)

Just wanted to jump in - I work as well in the semiconductor industry, and you are quite underpaid, assuming you have 8-10 years experience. You should talk the lead role, update your resume, and look for another job. This, X10000 Just some advice, however. Make sure you can define what experiences...
by Bacchus01
Sat Jun 16, 2018 11:57 pm
Forum: Investing - Theory, News & General
Topic: General Electric
Replies: 57
Views: 7003

Re: General Electric

"And you worry about one bad chairman?" I know several former GE employees who would tell you that GE is on its second consecutive bad chairman. Most of those employees are the problem GE has lots of very talented, hard working individuals. So does JP Morgan. Or Apple. Or Southwest Air. The key is ...
by Bacchus01
Sat Jun 16, 2018 11:56 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 304
Views: 41464

Re: Good Modern Science Fiction

Based on recommendations here I went and bought Ancillary Justice and Snow Crash today. I’ll be spending Father’s Day at the beach reading one of them. I hope they are as good as advertised!
by Bacchus01
Mon Jun 11, 2018 7:03 am
Forum: Investing - Theory, News & General
Topic: General Electric
Replies: 57
Views: 7003

Re: General Electric

FedGuy wrote:
Sat Jun 09, 2018 8:29 am
AtlasShrugged? wrote:
Sat Jun 02, 2018 6:05 am
"And you worry about one bad chairman?"
I know several former GE employees who would tell you that GE is on its second consecutive bad chairman.
Most of those employees are the problem
by Bacchus01
Sun Jun 10, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Moved Family Across Country for New Job and Job is now gone
Replies: 27
Views: 6593

Re: Moved Family Across Country for New Job and Job is now gone

I’m very sorry to hear about your situation. Unfortunately it is happening more and more. I used to tell people that one of my keys to success was the ability and willingness for my family to go wherever, whenever. And that is true. Now, I wouldn’t move my family without a huge back end severance ag...
by Bacchus01
Sat Jun 09, 2018 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Overfunding 529
Replies: 25
Views: 2491

Re: Overfunding 529

- multigeneration educational ‘trust’ Which would be an INSANELY ridiculous reason to fund a 529 as an investment mechanism, of course, considering that higher ed cannot continue to sustain double digit tuition increases and continue to stay afloat. Then you have the very real possibility of "free/...
by Bacchus01
Sat Jun 09, 2018 6:44 am
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3225

Re: Porsche Macan

if you buy new, discounts are trivial at best. imo, find an adult owned private seller on ebay or cargurus that has the options you want. be patient. you'll have substantially the same car for much less than MSRP. dealers always screw people hard on trade value. there is substantial ground to play ...
by Bacchus01
Fri Jun 08, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Overfunding 529
Replies: 25
Views: 2491

Re: Overfunding 529

- multigeneration educational ‘trust’ can someone explain and point me the links? thanks. Stated well above as an example. It’s not a legit term, it one I and others use frequently. For us, we came to the conclusion at one point that there was no better way for us to give inheritance than through t...
by Bacchus01
Thu Jun 07, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau’s new book: How Much Can I Spend in Retirement?
Replies: 58
Views: 14978

Re: Wade Pfau’s new book: How Much Can I Spend in Retirement?

If people are looking for a book that will simply tell them what to do, then I don't think such a thing exists or ever will. How helpful Pfau's book is in the practical situation could be discussed. There are literally thousands of books that do that and there will be thousands more. The problem is...
by Bacchus01
Thu Jun 07, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: What commuter car provides the best long term financial value?
Replies: 84
Views: 7024

Re: What commuter car provides the best long term financial value?

My vote is for a brand new, barebones Toyota Corolla or Honda Civic. Small sedans are steals right now in the new market. I recommend buying new with Honda or Toyota if you are going to drive into the ground since they depreciate so slowly (in fact, they sometimes don't depreciate at all for the fi...
by Bacchus01
Thu Jun 07, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: SS calculator for estimated amount $ working min years 40 quarters or fixed # of years
Replies: 12
Views: 989

Re: SS calculator for estimated amount $ working min years 40 quarters or fixed # of years

... I am trying to find out ... the estimated amount of social security ( or PIA??) that I will get say if I only work 10-15 years instead of 30-35 years, but with decent earnings (not low wages) approx 90-120 K ... Below is a table showing the Primary Insurance Amount (PIA) for Case A from the Ben...
by Bacchus01
Thu Jun 07, 2018 7:36 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau’s new book: How Much Can I Spend in Retirement?
Replies: 58
Views: 14978

Re: Wade Pfau’s new book: How Much Can I Spend in Retirement?

If people are looking for a book that will simply tell them what to do, then I don't think such a thing exists or ever will. How helpful Pfau's book is in the practical situation could be discussed. There are literally thousands of books that do that and there will be thousands more. The problem is...
by Bacchus01
Thu Jun 07, 2018 7:15 am
Forum: Personal Consumer Issues
Topic: What commuter car provides the best long term financial value?
Replies: 84
Views: 7024

Re: What commuter car provides the best long term financial value?

My vote is for a brand new, barebones Toyota Corolla or Honda Civic. Small sedans are steals right now in the new market. I recommend buying new with Honda or Toyota if you are going to drive into the ground since they depreciate so slowly (in fact, they sometimes don't depreciate at all for the fi...
by Bacchus01
Wed Jun 06, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Prepping for College Fall 2019
Replies: 32
Views: 1912

Re: Prepping for College Fall 2019

Does the ACT score get him any sort of national merit semifinalist scholarship? It’s been long enough since I had to and will be long enough until I have to look at this again that I’m not current. While I infer you’re not scraping for money - rather trying to optimize - has your son looked into an...
by Bacchus01
Wed Jun 06, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 52750

Re: How much money do you need to retire?

Sorry, guys, those days are gone for today's wannabe retirees. Seems like everything that advances a person now first sets you back way too much, so the gain is minimized. What do you mean by this? Mainly I was thinking of educational opportunities and the rise of student debt. Also, the loss of em...
by Bacchus01
Wed Jun 06, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Super funding 529
Replies: 13
Views: 1228

Re: Super funding 529

Is that a NY law that doesn’t allow carry forward? WI law allows carry forward up to 5 years of contributions.
by Bacchus01
Wed Jun 06, 2018 9:57 am
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3328

Re: Social Security crossover point has arrived

Raising the total SS taxable earnings, a lot, is one solution I would actually support despite it impacting me with limited value.
by Bacchus01
Wed Jun 06, 2018 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Prepping for College Fall 2019
Replies: 32
Views: 1912

Re: Prepping for College Fall 2019

Has he considered Platteville at all? Their engineering program is just as good, if not better. Also is the cheapest four year UW school. I’m slightly biased as it’s where I went... He has. We’ve visited. We also have family in that area. Great regional engineering school. He’s not a “city kid” by ...
by Bacchus01
Tue Jun 05, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Prepping for College Fall 2019
Replies: 32
Views: 1912

Re: Prepping for College Fall 2019

This is probably different advice than most people would give but I think you'll get the most bang for your buck doing everything you can to keep him in state at UW-M (which he seems a near lock to get accepted to) than going to a private school or out of state (assuming those are worse from a valu...
by Bacchus01
Tue Jun 05, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Prepping for College Fall 2019
Replies: 32
Views: 1912

Re: Prepping for College Fall 2019

529 paperwork is super easy if all withdrawals are qualified. You basically don’t report it on your tax form. Personally I prefer to withdraw from 529, even if you need to replenish it. Estate limit is so high (22 m for married couple) that you can contribute whatever amount. If you withdraw from 5...
by Bacchus01
Tue Jun 05, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Prepping for College Fall 2019
Replies: 32
Views: 1912

Re: Prepping for College Fall 2019

College soccer is an option at a smaller school. He has decided he does not want to play soccer and would prefer to focus on his school. I can't blame him for that, although Id love to see him continue. He'd like be D3, however, which does not offer athletic scholarships. Right. No scholarships, bu...
by Bacchus01
Tue Jun 05, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Prepping for College Fall 2019
Replies: 32
Views: 1912

Re: Prepping for College Fall 2019

https://www.irs.gov/credits-deductions/individuals/aotc To add one to what Livesoft said, make sure you cash flow enough (not from the 529) to obtain the AOTC max. If your AGI is over (it likely could be), then this won't apply. Is playing college soccer an option? It could be a gateway to more gra...
by Bacchus01
Tue Jun 05, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Prepping for College Fall 2019
Replies: 32
Views: 1912

Re: Prepping for College Fall 2019

You should have already read all of IRS Publication 970. There are lots of tax breaks when paying for education. You may not qualify because your income may be too high, but that's for you to figure out by reading IRS Publication 970. BTW, did I advise you to read IRS Publication 970. Yes, I did. S...
by Bacchus01
Tue Jun 05, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Prepping for College Fall 2019
Replies: 32
Views: 1912

Prepping for College Fall 2019

Our oldest son is now a Senior in High School. We're deep into the planning process for schools. He's done well with a 3.9 unweighted GPA, 31 ACT, and about 10 honors/AP courses. Some extracurriculars, but not super heavy (4-year Varsity Soccer and 3X Captain, Club Soccer, some volunteering, has a f...
by Bacchus01
Mon Jun 04, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: Dilemma: what if companies stopped going public?
Replies: 27
Views: 2833

Re: Dilemma: what if companies stopped going public?

Between the Sarbanes Oxley restrictions and other increasingly high costs of public company compliance, legal risks, etc, many of the better small companies are either not going public or trying to go private. On the other hand, private equity is awash in cheap capital looking to invest, and are ha...
by Bacchus01
Mon Jun 04, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: Dilemma: what if companies stopped going public?
Replies: 27
Views: 2833

Re: Dilemma: what if companies stopped going public?

Between the Sarbanes Oxley restrictions and other increasingly high costs of public company compliance, legal risks, etc, many of the better small companies are either not going public or trying to go private. On the other hand, private equity is awash in cheap capital looking to invest, and are ha...
by Bacchus01
Mon Jun 04, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Good finance book for teenagers?
Replies: 14
Views: 2155

Re: Good finance book for teenagers?

Digging up an old thread. I love the options here. I have a 16 year old to-be Senior and want to give him some books for the summer on investing. Any updated suggestions?
by Bacchus01
Mon Jun 04, 2018 7:06 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 52750

Re: How much money do you want to retire?

We will have three pensions totaling about $45k/yr not cola, and SS of about $45k/yr. our expenses when the kids are out of the house are expected to be well below that, so it means we largely have to fund that time u til 65-70. Key questions that keep me thinking: medical costs, college costs, and...
by Bacchus01
Mon Jun 04, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: What is your Take Home Pay / Gross Pay ratio?
Replies: 89
Views: 7828

Re: What is your Take Home Pay / Gross Pay ratio?

It varies a huge amount throughout the year from 50-65%.