Search found 1629 matches

by Bacchus01
Tue May 01, 2018 7:22 am
Forum: Investing - Theory, News & General
Topic: What are the questions you would ask a Financial Advisor ?
Replies: 59
Views: 4021

Re: What are the questions you would ask a Financial Advisor ?

Folks, Need to find a FA to protect my family should sometime happen to me, Here are the top 15 questions I'm thinking to ask a prospective FA to evaluate a FA ? What do you think? What questions would you ask? Questions to ask FA: 1. What is your favorite investment book and why ? 2. You are a fid...
by Bacchus01
Mon Apr 30, 2018 9:49 pm
Forum: Personal Consumer Issues
Topic: Must See in South Dakota
Replies: 58
Views: 4209

Re: Must See in South Dakota

We went two years ago Badlands - absolutely Wall Drug - terrible Custer Park - Must do Needle Highway- beautiful Hike to Harney Peak - long, strenuous hike. We did it with our then 6 year old. Took 6.5 hours. Was fantastic all but last 30 mins Mammoth dig - family loved it. Bear Country USA - awesom...
by Bacchus01
Mon Apr 30, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Can Employer Set 401k Contribution Limit Below IRS Limit?
Replies: 33
Views: 2512

Re: Can Employer Set 401k Contribution Limit Below IRS Limit?

KSActuary wrote:
Mon Apr 30, 2018 1:03 pm
Don't buy the AUM argument either since the participants probably pay those costs.

Any type of industry issue, tradition or union/non-union issue?
In some cases this is true.

In many cases it is not.
by Bacchus01
Sun Apr 29, 2018 7:10 am
Forum: Personal Consumer Issues
Topic: Home Theater Stereo/Speakers
Replies: 72
Views: 5207

Re: Home Theater Stereo/Speakers

You’re going to get lots of answers. I have a home theater with 120” 4K projector, Klipsch Reference speakers and an SVS sub driven by an Onkyo receiver. It rocks. We never use it. The kids use it daily for video games. In our family room downstairs we have a 65” 1080P TV and used an old Bose cube s...
by Bacchus01
Sun Apr 29, 2018 5:13 am
Forum: Investing - Help with Personal Investments
Topic: Can Employer Set 401k Contribution Limit Below IRS Limit?
Replies: 33
Views: 2512

Re: Can Employer Set 401k Contribution Limit Below IRS Limit?

Darth Xanadu wrote:
Sat Apr 28, 2018 11:41 pm
Bacchus01 wrote:
Sat Apr 28, 2018 10:39 pm
sf2sv wrote:
Sat Apr 28, 2018 10:32 pm
What would be the benefit to a company for imposing such limits?
Lower administrative costs
In what way would this lower administrative costs?
Less assets under management
by Bacchus01
Sat Apr 28, 2018 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Can Employer Set 401k Contribution Limit Below IRS Limit?
Replies: 33
Views: 2512

Re: Can Employer Set 401k Contribution Limit Below IRS Limit?

sf2sv wrote:
Sat Apr 28, 2018 10:32 pm
What would be the benefit to a company for imposing such limits?
Lower administrative costs
by Bacchus01
Sat Apr 28, 2018 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Can Employer Set 401k Contribution Limit Below IRS Limit?
Replies: 33
Views: 2512

Re: Can Employer Set 401k Contribution Limit Below IRS Limit?

Yes, they can and they often do. It’s more rare now, but it used to be quite common.
by Bacchus01
Thu Apr 26, 2018 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: What would be an optimal annual plan for contributions including a Backdoor Roth?
Replies: 23
Views: 638

Re: What would be an optimal annual plan for contributions including a Backdoor Roth?

We usually hold about $100K in cash deposits. In January we fully fund two Backdoor Roths ($11K) pay half oroperty tax payments ($7K) and fund five 529s for $15,500. The 401k and HSA kicks in and just comes out of paycheck. I then have to pay income taxes in April. By that point we’ve recovered fro...
by Bacchus01
Thu Apr 26, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: What would be an optimal annual plan for contributions including a Backdoor Roth?
Replies: 23
Views: 638

Re: What would be an optimal annual plan for contributions including a Backdoor Roth?

We usually hold about $100K in cash deposits. In January we fully fund two Backdoor Roths ($11K) pay half oroperty tax payments ($7K) and fund five 529s for $15,500. The 401k and HSA kicks in and just comes out of paycheck. I then have to pay income taxes in April. By that point we’ve recovered fro...
by Bacchus01
Thu Apr 26, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria used to make Roth Conversion decision
Replies: 48
Views: 4195

Re: Criteria used to make Roth Conversion decision

As a potential early retiree, whenever I run I-orp, irrespective of max marginal Roth Conversion bracket, it has me doing all my converting prior to age 55. Why is that? I haven't run the program but maybe it wants quicker conversions to allow more time in Roth? I agree, but then it stops with more...
by Bacchus01
Thu Apr 26, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: What would be an optimal annual plan for contributions including a Backdoor Roth?
Replies: 23
Views: 638

Re: What would be an optimal annual plan for contributions including a Backdoor Roth?

We usually hold about $100K in cash deposits. In January we fully fund two Backdoor Roths ($11K) pay half oroperty tax payments ($7K) and fund five 529s for $15,500. The 401k and HSA kicks in and just comes out of paycheck. I then have to pay income taxes in April. By that point we’ve recovered from...
by Bacchus01
Thu Apr 26, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: Building/House Plans
Replies: 26
Views: 1697

Re: Building/House Plans

Do Haves Storage Low-E glass Transfer switch for generator Natural gas extended to outside deck for grill and to laundry room for dryer Extra garage space for stuff Insulated interior walls, for noise A no-step shower Don’t Haves Central vac (battery powered vacuums are the future) Excess ceiling f...
by Bacchus01
Thu Apr 26, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Criteria used to make Roth Conversion decision
Replies: 48
Views: 4195

Re: Criteria used to make Roth Conversion decision

As a potential early retiree, whenever I run I-orp, irrespective of max marginal Roth Conversion bracket, it has me doing all my converting prior to age 55. Why is that? I haven't run the program but maybe it wants quicker conversions to allow more time in Roth? I agree, but then it stops with more...
by Bacchus01
Wed Apr 25, 2018 8:09 pm
Forum: Personal Consumer Issues
Topic: Ever ship/transport a car?
Replies: 14
Views: 1050

Re: Ever ship/transport a car?

I’ve done it at least 5 times. It’s been a while, but I bid it on uship. Perfect experience. I even shipped a dog on there.
by Bacchus01
Tue Apr 24, 2018 8:40 pm
Forum: Personal Consumer Issues
Topic: Kitchen Faucet & Sink recommendations?
Replies: 55
Views: 5118

Re: Kitchen Faucet & Sink recommendations?

Updating our kitchen and wondering if anyone has recommendations for good quality/value brands or styles. Vigo has a stainless steel set for under $350 at HD (VG15079) but they seem to have some quality issues with the faucets leaking and low water pressure so I'm not sure it's worth the roll of th...
by Bacchus01
Tue Apr 24, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10272

Re: Salary Negotiation gone sour

The offer they gave would have been a drop most likely to current rate excluding bonus. At this stage in trying to achieve financial independence I would rather stick to what I have and work on my debt load. The 3k would have been enough to raise the base enough to make it make sense. I know others...
by Bacchus01
Tue Apr 24, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10272

Re: Salary Negotiation gone sour

There is no rule here and nobody's right or wrong. Also each case is different - so what you learnt here is not going to apply to some other offer. Everything is based on need. Whichever party needs the other party more will be the more flexible one. Forget about this and look for something else. I...
by Bacchus01
Tue Apr 24, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria used to make Roth Conversion decision
Replies: 48
Views: 4195

Re: Criteria used to make Roth Conversion decision

As a potential early retiree, whenever I run I-orp, irrespective of max marginal Roth Conversion bracket, it has me doing all my converting prior to age 55. Why is that?
by Bacchus01
Tue Apr 24, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10272

Re: Salary Negotiation gone sour

There is no rule here and nobody's right or wrong. Also each case is different - so what you learnt here is not going to apply to some other offer. Everything is based on need. Whichever party needs the other party more will be the more flexible one. Forget about this and look for something else. I...
by Bacchus01
Mon Apr 23, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 10272

Re: Salary Negotiation gone sour

They offered you nearly $100k total comp. I’m not sure what is wrong here.

And you countered their counter with a difference of about $1K in total comp. As a hiring manager I would have walked.
by Bacchus01
Sun Apr 22, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Settlement Offer -- Accept or Wait?
Replies: 66
Views: 5706

Re: Settlement Offer -- Accept or Wait?

I consulted a personal injury attorney yesterday. He said the reimbursement for the ER is about what it should be as long as I don't receive any surprise bills. He told me that my medical insurance company might wish to be reimbursed for some of the monies; he also said that they might not even thi...
by Bacchus01
Sun Apr 22, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Settlement Offer -- Accept or Wait?
Replies: 66
Views: 5706

Re: Settlement Offer -- Accept or Wait?

I took a brief ambulance ride to the local ER Ambulance costs vary a lot by locality, but here a routine short trip to the ER can cost $3500-$4000. It's higher if they administer anything on the way or if they have to travel far. Ambulances can be very slow to bill and you may not see a statement f...
by Bacchus01
Sun Apr 22, 2018 7:34 am
Forum: Personal Consumer Issues
Topic: How long have you been employed?
Replies: 44
Views: 2730

Re: How long have you been employed?

31 years on my SS statement. I’m 44
by Bacchus01
Sat Apr 21, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Settlement Offer -- Accept or Wait?
Replies: 66
Views: 5706

Re: Settlement Offer -- Accept or Wait?

I think your medical insurance company is going to want to be reimbursed. If you sign that agreement, you may be liable for the reimbursement of medical costs. That ambulance ride and ER Visit was likely a LOT more than $1800. You car insurance company will also want to be reimbursed. Without detail...
by Bacchus01
Tue Apr 17, 2018 7:16 am
Forum: Personal Consumer Issues
Topic: Allegiant Airlines...Anyone watch CBS 60 Minutes?
Replies: 55
Views: 5973

Re: Allegiant Airlines...Anyone watch CBS 60 Minutes?

For all of this, lately their fares, when you add their fees up, are higher than Delta This has really surprised me lately. I used to be able grab a 2 hour flight to a favorite Florida destination for under $100 roundtrip. Skip paying for extras and spend $10 on the drink/nut combo to keep the flig...
by Bacchus01
Mon Apr 16, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Las Vegas hotel
Replies: 44
Views: 3312

Re: Las Vegas hotel

Pajamas wrote:
Mon Apr 16, 2018 7:03 pm
Bacchus01 wrote:
Sun Apr 15, 2018 10:07 pm
I never stay anywhere except the Trump unless I have to.
I read the mattresses there have stains on them.
Why would they?
by Bacchus01
Mon Apr 16, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Allegiant Airlines...Anyone watch CBS 60 Minutes?
Replies: 55
Views: 5973

Re: Allegiant Airlines...Anyone watch CBS 60 Minutes?

I actually have a clause in my employment contract that prohibits my employer from requiring me to fly discount airlines, domestic or abroad.

No way am I getting on an Allegiant, Spirit, et al flight.
by Bacchus01
Mon Apr 16, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17137

Re: Can I retire at age 40?

Wait, day trading?

I really hope your spouse works.
by Bacchus01
Mon Apr 16, 2018 5:02 pm
Forum: Personal Consumer Issues
Topic: Costco gas
Replies: 67
Views: 6000

Re: Costco gas

I commute 110 miles a day

Fill up at Costco about 3 times every two weeks. Sometimes more.

Just today Costco was .16/gallon cheaper

It adds up fast
by Bacchus01
Mon Apr 16, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer of stock to minor children, invest in 529.
Replies: 11
Views: 4054

Re: Transfer of stock to minor children, invest in 529.

Does anyone have a current link or similar for the Fairnark article? I’m trying to figure out what I can have my kids pay for to support gifting them appreciated shares and reducing cap gains. My assumption is I can reinvest my money that I would have paid, like $2K for soccer fees, and reset my bas...
by Bacchus01
Mon Apr 16, 2018 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Gifting Shares to Son to fund ROTH
Replies: 6
Views: 599

Re: Gifting Shares to Son to fund ROTH

We have gifted shares to our working kids that they immediately sell. Since they have earned income from jobs, they use the money to contribute to their Roth IRAs. So the answer to the question is YES! Of course, they get to learn about filling out tax returns, how to report their 1099-B and 1099-D...
by Bacchus01
Mon Apr 16, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17137

Re: Can I retire at age 40?

cfs wrote:
Mon Apr 16, 2018 11:30 am
Yes you can.

No you should not.

You have another twenty productive years ahead of you.

Now just get out there and show everyone that "yes you can" retire AT SIXTY.

Good luck, y gracias por leer ~cfs~
Terrible advice. He owes you nothing. Work does not equal self worth
by Bacchus01
Mon Apr 16, 2018 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Gifting Shares to Son to fund ROTH
Replies: 6
Views: 599

Re: Gifting Shares to Son to fund ROTH

Your strategy is sensible and many others do the same. You need to learn about the Kiddie Tax (or tell us much more about your situation) so that you can avoid paying capital gains taxes on the appreciation on those gifted shares. Best wishes. Thanks. I’m aware of the Kiddie Tax. Son is 16 and has ...
by Bacchus01
Mon Apr 16, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: 2018 estimated tax question
Replies: 8
Views: 824

Re: 2018 estimated tax question

thank you. just to be 100% clear, you are saying that if I find that I am undershooting on withholding later in the year I can just increase my w2 withholding at that time to ultimately meet the minimum withholding threshold, even if the increase results in a back-end loaded withholding? For exampl...
by Bacchus01
Mon Apr 16, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: 2018 estimated tax question
Replies: 8
Views: 824

Re: 2018 estimated tax question

The recommendation to use the W-2 to manage your tax burden can be accomplished by periodically reviewing your withholding vs current anticipated income tax burden and modifying the additional amount held. If all your withholding comes through the W-2 earnings and you have met the threshold you ref...
by Bacchus01
Mon Apr 16, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17137

Re: Can I retire at age 40?

No.

Find a different job, even if it pays less. Balance.
by Bacchus01
Mon Apr 16, 2018 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Gifting Shares to Son to fund ROTH
Replies: 6
Views: 599

Gifting Shares to Son to fund ROTH

We committed to our kids that we would match their annual earned income each year and fund a ROTH with it. We believe it’s a nice additional incentive for them to work, is an educational opportunity, and helps us pass along wealth while we are around. Can we give them shares from our after-tax inves...
by Bacchus01
Sun Apr 15, 2018 10:07 pm
Forum: Personal Consumer Issues
Topic: Las Vegas hotel
Replies: 44
Views: 3312

Re: Las Vegas hotel

I never stay anywhere except the Trump unless I have to.
by Bacchus01
Sun Apr 15, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at the end of 2018 at age 59?
Replies: 31
Views: 5751

Re: Can I retire at the end of 2018 at age 59?

[Post removed by admin LadyGeek]
[Response removed by admin LadyGeek]

To the OP, I honestly think the deal is very good and you should take it.

Now, you may not want to quit working, but take the deal? Yeah.
by Bacchus01
Thu Apr 12, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Limits on multiple 401ks and Mega Roth Backdoor
Replies: 6
Views: 527

Re: Limits on multiple 401ks and Mega Roth Backdoor

i would set up 401k-backdoor roths for clients and you are going to run into a few issues. -i've NEVER seen a 401k allow after tax contributions before maxing pretax contributions. most companies automatically stop contributions when you hit the 18.5 limit. most of the HR reps get confused about th...
by Bacchus01
Thu Apr 12, 2018 5:42 pm
Forum: Personal Consumer Issues
Topic: Passport photo DIY - anyone done it easily?
Replies: 92
Views: 7011

Re: Passport photo DIY - anyone done it easily?

Walgreens does them for like $7
by Bacchus01
Tue Apr 10, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Best place to buy a TV
Replies: 33
Views: 2825

Re: Best place to buy a TV

I buy at Costco using the Costco credit card just for the extended warranties. I also got the Square Trade Extended warranty, with stretches the whole thing to 7 years. While normally I consider extended warranties a waste of money, it is important when buying Samsung televisions. The warranty poli...
by Bacchus01
Tue Apr 10, 2018 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Active Adult Retirement Communities
Replies: 36
Views: 3876

Re: Active Adult Retirement Communities

The Villages in middle Florida https://www.thevillages.com/ I have heard of The Villages but have never been there. Sounds like a wild place if half this stuff is true (and this is just a sampling): https://nypost.com/2009/01/25/retire-to-the-bedroom/ http://www.slate.com/articles/life/florida/feat...
by Bacchus01
Tue Apr 10, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Am I Crazy??? [Excess W-4 withholding, got large tax refund]
Replies: 31
Views: 3622

Re: Am I Crazy??? [Excess W-4 withholding, got large tax refund]

Nothing crazy. Lots of sane, rational, responsible people do exactly the same thing on purpose. There’s nothing wrong with it, but there are better options. I do exactly the opposite. I calculate the max I can underwithhold without paying a penalty and then file as late as possible. I also WAY under...
by Bacchus01
Tue Apr 10, 2018 5:30 am
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 3750

Re: Starting to invest at 35, is this a good plan for retirement planning?

You’ll read threads here and believe you are woefully behind. Just realize you are ahead of 99% of people in the US. I’d ditch the student loan as quick as possible. That’s a big sum at 35. How long have you carried it and how big was it to start? You have a 30 year horizon. Look forward, not back....
by Bacchus01
Mon Apr 09, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: Atlantis Bahamas for myself with 2 kids?
Replies: 13
Views: 1948

Re: Atlantis Bahamas for myself with 2 kids?

Any options for 5 people?

Thinking rent a condo from familyfunatlantis.com
by Bacchus01
Mon Apr 09, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Your Monthly Cost of Living
Replies: 66
Views: 7154

Re: Your Monthly Cost of Living

Will have dug up details, but for this family of five with three mortgages and two car loans, we spend $10k+ a month. Now, $2K of that is on two properties that are investments. I also commute 110 miles round trip daily. We have newer cars with $1400/mo payments and I swould one about $350/mo on gas...