Search found 1631 matches

by Bacchus01
Thu Mar 22, 2018 6:18 am
Forum: Investing - Theory, News & General
Topic: Maybe Ramsey is right
Replies: 43
Views: 9624

Re: Maybe Ramsey is right

My son had to take a personal finance class in high school. They spent hours and hours on Ramsey. My son was telling the teacher in the class all the reasons Ramsey was wrong. He almost flunked. I talked to the teacher with specific examples. My son got an A. Hmmm. Thanks for the heads up on this. ...
by Bacchus01
Wed Mar 21, 2018 9:02 pm
Forum: Investing - Theory, News & General
Topic: Maybe Ramsey is right
Replies: 43
Views: 9624

Re: Maybe Ramsey is right

My son had to take a personal finance class in high school.

They spent hours and hours on Ramsey.

My son was telling the teacher in the class all the reasons Ramsey was wrong. He almost flunked. I talked to the teacher with specific examples.

My son got an A.
by Bacchus01
Wed Mar 21, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Cost of College vs Starting Income
Replies: 94
Views: 4509

Re: Cost of College vs Starting Income

Why are y’all paying for someone else’s education? Military service, loans, working part or full time are still viable options to finance one’s education. Also, it’s a great way to accelerate the maturity curve. Interesting question. My wife and I went around on this for a long time. With our oldes...
by Bacchus01
Wed Mar 21, 2018 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Cost of College vs Starting Income
Replies: 94
Views: 4509

Re: Cost of College vs Starting Income

Why are y’all paying for someone else’s education? Military service, loans, working part or full time are still viable options to finance one’s education. Also, it’s a great way to accelerate the maturity curve. Colleges typically have a expected “family contribution” amount so you’re kind of screw...
by Bacchus01
Wed Mar 21, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Cost of College vs Starting Income
Replies: 94
Views: 4509

Re: Cost of College vs Starting Income

> many schools' tuition these days is really just the 'list price' and for true comparison purposes, one needs to consider the discounted after scholarship cost. Yes. Even so, the eventual financial benefit of a college education needs to be balanced against (all) the costs. I do believe that immed...
by Bacchus01
Tue Mar 20, 2018 6:04 pm
Forum: Personal Consumer Issues
Topic: New Subaru Outback vs. used Volvo XC-70
Replies: 53
Views: 5669

Re: New Subaru Outback vs. used Volvo XC-70

I still am shocked at how many people here own a Subaru.
by Bacchus01
Tue Mar 20, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 13005

Re: Can I Retire at 38?

OP, Financially you can retire. I would advise against it - it is one thing to early retire after 50/55 vs 38. Money is not the only aspect - going from being under extreme stress to doing nothing feels great for a few months - but can you handle all the time doing nothing after that? - pls dont te...
by Bacchus01
Mon Mar 19, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 8215

Re: At what point does it make sense to pay down your mortgage?

Wow. Fascinating. I did not realize that is how it played out. Candidly, I was not paying attention to this as at the time, I was not a homeowner and it didn't impact me directly. How enraging it must have been for those diligently paying off debt to watch others who were less responsible ride it o...
by Bacchus01
Mon Mar 19, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Rent in Retirement
Replies: 35
Views: 3466

Re: Rent in Retirement

The downside is that it is almost never cheaper to rent than own on a comparable property. Do you have some statistics to back that up? Not saying you are wrong but there have been plenty of counter examples on this forum especially in HCOL area even when you filter out the tendency of folks to ren...
by Bacchus01
Mon Mar 19, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement will cost the average American $828,000
Replies: 36
Views: 6060

Re: Retirement will cost the average American $828,000

Did your investment make up for the money spent? Yes, it has....invested very conservatively (age in bonds until it reached 77% bonds (23% stock)) where it has remained. My nest egg is about 42% more than when I retired 20 years ago, and after taking out an average of 4.59% a year. That is both ama...
by Bacchus01
Mon Mar 19, 2018 7:48 am
Forum: Personal Consumer Issues
Topic: Large life style creep that was completely worth it
Replies: 112
Views: 14710

Re: Large life style creep that was completely worth it

Car with leather heated seats. This is one that I think is impossible to undo. :) After the first winter with them, they becomes a necessity, and cars that don't have them are automatically excluded from consideration. I live in Wisconsin. Add heated steering wheel and remote start. I will not let ...
by Bacchus01
Mon Mar 19, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Rent in Retirement
Replies: 35
Views: 3466

Re: Rent in Retirement

Downsizing does sound like a good idea but I agree that you should at least consider buying a condo or similar instead of renting. If there are any 55+ complexes near you, consider them. They are usually less expensive than similar non-55+ properties, have some advantages for older people, and alth...
by Bacchus01
Sun Mar 18, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Rent in Retirement
Replies: 35
Views: 3466

Re: Rent in Retirement

The upside to renting is obviously not worrying about major repairs. And the ability to move basically whenever you want.

The downside is that it is almost never cheaper to rent than own on a comparable property.
by Bacchus01
Sun Mar 18, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: no health insurance as an early retirement strategy
Replies: 30
Views: 2202

Re: no health insurance as an early retirement strategy

It’s teally a financial issue. You mention life ending treatments and well care charges as if those might be the spectrums. And of course they are. But what happens when you fall on the ice and tear your ACL? What happens if skin cancer pops up? There are certain things you can put off until the fol...
by Bacchus01
Sat Mar 17, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: Soft boxer shorts for men
Replies: 28
Views: 2699

Re: Soft boxer shorts for men

I do not wear Duluth trading company. But I know several guys that do and they swear by them.
by Bacchus01
Sat Mar 17, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 8215

Re: At what point does it make sense to pay down your mortgage?

I would pay down the mortgage before investing in taxable, but that's just me. I would borrow against my house to invest in taxable, but that’s just me Then why quote me to say what you would do?? :confused :oops: No disrespect to you. I quoted you simply to demonstrate that there are two very diff...
by Bacchus01
Sat Mar 17, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: 20% of US population are millionaires !!!
Replies: 16
Views: 2707

Re: 20% of US population are millionaires !!!

A friend of us in his late 30’s is a newly minted millionaire as of this weekend. He threw a party to us yesterday and shared a surprising ‘fact’ that millionaire is no longer a big thing like it used to be and also 20% of US population are already millionaires. Is this really true ? I am very very...
by Bacchus01
Sat Mar 17, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 8215

Re: At what point does it make sense to pay down your mortgage?

If the new standard tax deduction means I will no longer itemize, doesn't that make carrying a mortgage much less beneficial? Yes. You need to decide the best use of your money. Paying down your mortgage offers a risk-free return equal to the mortgage rate, but that return is reduced by taxes if yo...
by Bacchus01
Thu Mar 15, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31809

Re: Those with high savings rate: why?

Yes
Yes
No
No
by Bacchus01
Thu Mar 15, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 529 Accounts - Son got full scholarship!
Replies: 54
Views: 5455

Re: Help with 529 Accounts - Son got full scholarship!

Contrary to popular belief, West Point is not free. He will have money deducted from his paycheck for things like books and a computer. At least I did at Annapolis 25 years ago. Check with them to see if you can pay for those instead of deducting from his paycheck. Thank you very much for having se...
by Bacchus01
Thu Mar 15, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 8215

Re: At what point does it make sense to pay down your mortgage?

I am opting for taxable investing for now (for the first time) because I want to increase my liquidity. Once I have built up sufficient taxable liquidity (maybe 30k or 40k), I think I will switch to the mortgage. People continue to speak of equity returns as if they are certain and I tend to think ...
by Bacchus01
Thu Mar 15, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 8215

Re: At what point does it make sense to pay down your mortgage?

chevca wrote:
Thu Mar 15, 2018 4:06 pm
I would pay down the mortgage before investing in taxable, but that's just me.
I would borrow against my house to invest in taxable, but that’s just me
by Bacchus01
Thu Mar 15, 2018 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 529 Accounts - Son got full scholarship!
Replies: 54
Views: 5455

Re: Help with 529 Accounts - Son got full scholarship!

Contrary to popular belief, West Point is not free. He will have money deducted from his paycheck for things like books and a computer. At least I did at Annapolis 25 years ago. Check with them to see if you can pay for those instead of deducting from his paycheck.
by Bacchus01
Wed Mar 14, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: Reasonable cubic feet estimate for a move?
Replies: 8
Views: 570

Re: Reasonable cubic feet estimate for a move?

Having moved several times on the corporate dime, one advice I give to people is to weigh their stuff. Cost to move was about $1/lb. it might be more now. If the item is worth less than $1/lb and has no sentimental value, sell it. Don’t pay to move it! Even if you give it away and buy new, you are b...
by Bacchus01
Mon Mar 12, 2018 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Tax reform SALT affecting in Bay Area?
Replies: 67
Views: 9534

Re: Tax reform SALT affecting in Bay Area?

I don't think many buyers think when contemplating a purchase: "Oh, I can only afford this $1.2M house because I can fully deduct the $25k in property taxes." So, while it could conceivably impact the financial figures for individuals, I doubt it impacts the buyer pool and I don't think mortgage co...
by Bacchus01
Sun Mar 11, 2018 9:09 pm
Forum: Personal Consumer Issues
Topic: Best Bluetooth speaker Phone
Replies: 16
Views: 1440

Re: Best Bluetooth speaker Phone

cockersx3 wrote:
Sun Mar 11, 2018 7:25 am
rob wrote:
Sat Mar 10, 2018 9:07 pm
Without doubt - Jabra Speak 510 Wireless Bluetooth Speaker
+1. This is the one I have, and most of my colleagues have one as well. Very compact but sounds great on both ends, also has great battery life. Get one, you won't be disappointed!
Thanks all. Ordering one now!
by Bacchus01
Sun Mar 11, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a plot of land for retirement
Replies: 35
Views: 3362

Re: Buying a plot of land for retirement

Agricultural uses are a big red flag. Check zoning so you understand what's allowed and what's limited. The elephant in the room moving forward for many jurisdictions will be marijuana cultivation. This brings with it pollen, smell, water usage, drainage/runoff, and herbicides. The smell of pot cul...
by Bacchus01
Sat Mar 10, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: Best Bluetooth speaker Phone
Replies: 16
Views: 1440

Re: Best Bluetooth speaker Phone

pondering wrote:
Sat Mar 10, 2018 8:04 pm
I’m not sure what you mean by both ways

Well, you asked about microphone. I’m saying it must work both ways. Meaning I’m looking for the best speaker phone, not the best speaker. Thus, the mic has to be just as good.
by Bacchus01
Sat Mar 10, 2018 5:59 pm
Forum: Personal Consumer Issues
Topic: Best Bluetooth speaker Phone
Replies: 16
Views: 1440

Re: Best Bluetooth speaker Phone

pondering wrote:
Sat Mar 10, 2018 2:41 pm
How important is the microphone?
Must work well both ways.
by Bacchus01
Sat Mar 10, 2018 5:58 pm
Forum: Personal Consumer Issues
Topic: Best Bluetooth speaker Phone
Replies: 16
Views: 1440

Re: Best Bluetooth speaker Phone

millsjack wrote:
Sat Mar 10, 2018 12:28 am
Check any good online store.

Really? Honestly?
by Bacchus01
Sat Mar 10, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: Consumer Reports Auto Issue Out now
Replies: 48
Views: 4953

Re: Consumer Reports Auto Issue Out now

I am on my fourth Grand Cherokee. I retired my ‘93 limited with 4.0L with about 170k miles on the odometer and never had it in the shop for a major repair. I retired my ‘97 Laredo with 4.0L with more than 150K miles on the odometer and never had it in the shop for a major repair. I retired my ‘07 li...
by Bacchus01
Sat Mar 10, 2018 8:19 am
Forum: Personal Consumer Issues
Topic: New Honda CRV - first oil change full synthetic?
Replies: 87
Views: 10636

Re: New Honda CRV - first oil change full synthetic?

$60 for a full synthetic change is a good price. And I would always go synthetic. I have my oil changed every 10K miles. The oil minder is rarely at 0% to go even then. As for doing it yourself, that’s up to you. I just don’t want that hassle anymore. Used to always do it myself, but for the extra $...
by Bacchus01
Sat Mar 10, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: YE Review - No more Restricted Stock Options
Replies: 17
Views: 1416

Re: YE Review - No more Restricted Stock Options

To be honest, in most megacorps not in the tech sector (eg google or Apple) IT people are viewed by leadership as disposable.

If you like where you are. Stay. If you don’t. Go. I can tell you that just about everyone outside your direct line managers won’t even notice.
by Bacchus01
Fri Mar 09, 2018 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 9079

Re: Would YOU retire

In these types of posts, unless the OP asks for advice about expenses that could be cut back then I don’t see the point of asking “why” they need the income that they are targeting. We Bogleheads are all over the place in terms of what we spend money on, how much we spend on those things, and how w...
by Bacchus01
Fri Mar 09, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 9079

Re: Would YOU retire

I’m really surprised by the $9650 per month need. What for? We own two houses and some investment land that we pay mortgage and taxes on every month. Home values are well above what yours are. We have three kids still at home and all their food and activities. We take two nice vacations every year ...
by Bacchus01
Fri Mar 09, 2018 4:13 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 694
Views: 74964

Re: Netflix, Your Current Favorite Show

As for Altered Carbon , I'm disappointed. After watching the first few episodes, posts here encouraged me to keep going. By the 9th episode, I was bored. The final episode was nothing but <fight>, <pause>, <insert overused dramatic statement here>, <resume fight>, <repeat ad nauseum>. The dialog wa...
by Bacchus01
Thu Mar 08, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 9079

Re: Would YOU retire

I’m really surprised by the $9650 per month need. What for? We own two houses and some investment land that we pay mortgage and taxes on every month. Home values are well above what yours are. We have three kids still at home and all their food and activities. We take two nice vacations every year ...
by Bacchus01
Thu Mar 08, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Would YOU retire
Replies: 67
Views: 9079

Re: Would YOU retire

I’m really surprised by the $9650 per month need. What for? We own two houses and some investment land that we pay mortgage and taxes on every month. Home values are well above what yours are. We have three kids still at home and all their food and activities. We take two nice vacations every year i...
by Bacchus01
Thu Mar 08, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: Best Bluetooth speaker Phone
Replies: 16
Views: 1440

Best Bluetooth speaker Phone

I’m looking for a great speakerphone for my iPhone. Something that I can use in my office to replace my desk speakerphone or my polycom. Willing to pay up to $150. Portability is nice, but not super important. Clear sound for group calls up to 5 people in my office and with multiple people on the li...
by Bacchus01
Thu Mar 08, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a 760K home
Replies: 32
Views: 3015

Re: Can we afford a 760K home

Leemiller wrote:
Thu Mar 08, 2018 8:08 am
I don’t think you can afford it unless you put a lot more than 20% down. I’d aim for a mortgage of 2-3x your income.
That is 2-3X their income. Huh?


Can you? Yes

Should you? I wouldn’t.
by Bacchus01
Wed Mar 07, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Contribute $43K to shed $8K on Tax Bill....Does it make sense?
Replies: 12
Views: 1297

Re: Contribute $43K to shed $8K on Tax Bill....Does it make sense?

A 20% return now for a possible 10% pay later? Seems simple.

Don’t forget there may be years you can do ROTH conversions at 0%
by Bacchus01
Wed Mar 07, 2018 8:23 am
Forum: Personal Consumer Issues
Topic: 30 year fixed vs 7 year ARM
Replies: 37
Views: 2871

Re: 30 year fixed vs 7 year ARM

Where’s your break even point? Even if the rate jumps the max in 7 years, I would bet that you are still better off through something like 12-14 years of the loan. That’s how you should look at it.

If you use the savings to pay down principle, it probably jumps to 20 years.

Also, consider a 15.
by Bacchus01
Wed Mar 07, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: 30 year fixed vs 7 year ARM
Replies: 37
Views: 2871

Re: 30 year fixed vs 7 year ARM

Unless there was a very good chance you'd be staying less than 7 years, I'd take the 30 year. What if rates are 7% in 7 years? What if we're in a recession and rates are at 2%? :mrgreen: It's possible, but since 7 year ARMS or 30 year fixed have never been at 2%, I wouldn't count on it. When you lo...
by Bacchus01
Tue Mar 06, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: 401K contributions (percentage sounds high)
Replies: 24
Views: 2634

Re: 401K contributions (percentage sounds high)

Make sure you check contribution limits imposed by your employer plans. I would be surprised if they allowed a contribution rate over 30%. In my experience the maximum contribution rate is somewhere in the mid-20 percentile. Note this limit has nothing to do with government regulations - it is in t...
by Bacchus01
Tue Mar 06, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Benefit of after tax 401k contribution?
Replies: 14
Views: 1290

Re: Benefit of after tax 401k contribution?

Access to institutional class shares can be a big advantage
by Bacchus01
Mon Mar 05, 2018 7:55 am
Forum: Investing - Help with Personal Investments
Topic: 401K contributions (percentage sounds high)
Replies: 24
Views: 2634

Re: 401K contributions (percentage sounds high)

Make sure you check contribution limits imposed by your employer plans. I would be surprised if they allowed a contribution rate over 30%. In my experience the maximum contribution rate is somewhere in the mid-20 percentile. Note this limit has nothing to do with government regulations - it is in t...
by Bacchus01
Thu Mar 01, 2018 8:04 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6636
Views: 1432486

Re: U.S. stocks in freefall

cfs wrote:
Wed Feb 28, 2018 12:28 pm
This is good.

Good to see that forum members are doing fine, did not sell during the dark days, and are maintaining proper course and speed.

My signature applies.

Gracias por leer ~cfs~
I sold a lot during those dark days

To TLH
by Bacchus01
Wed Feb 28, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 179
Views: 19562

Re: What was your % pay raise?

Averaged double digit CAGR for more than 15 years of career. This year I’ll make less than I did 5 years ago.

Looking for a new job.