Search found 1627 matches

by Bacchus01
Fri May 25, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: 529 vs Emergency Fund
Replies: 21
Views: 1454

Re: 529 vs Emergency Fund

I consider our Roth accounts as a part of our emergency fund. You can pull out the contributions tax-free and have access pretty quickly. If you used that thought process, I’d suggest you probably already have your emergency fund built or even overbuilt. If you don’t like that thinking, I’d still ke...
by Bacchus01
Thu May 24, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Compension tax treatment question
Replies: 21
Views: 1303

Re: Deferred Compension tax treatment question

I've been receiving deferred comp over a 15-year period that is paid in a lump sum in January and reported on a W-2. Itt is not considered "earned income" for IRS purposes, so you can't do an additional tax deferral through an IRA etc. ... Just in case you are from an aggressive tax state such as N...
by Bacchus01
Thu May 24, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Compension tax treatment question
Replies: 21
Views: 1303

Re: Deferred Compension tax treatment question

Interesting topic and frankly one I had not considered. How is deferred compensation treated if it is taken prior to retirement? Specifically I have a small amount in a NQ plan, about $10K. My plan states that if I leave the company today (I’m not 55 and 10 years service) that the plan will be liqui...
by Bacchus01
Wed May 23, 2018 3:59 am
Forum: Investing - Help with Personal Investments
Topic: Should we max out all tax advantaged accounts?
Replies: 9
Views: 1363

Re: Should we max out all tax advantaged accounts?

Do you have an HSA? That should be a priority if available. Also, at what point do you drop to the 24% bracket? Once there, you may decide to do less tax deferred savings as you may end up in the 22/24% bracket in retirement so you aren’t really saving taxes and you may need to create more post tax ...
by Bacchus01
Tue May 22, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken - Do you use it?
Replies: 50
Views: 2576

Re: Quicken - Do you use it?

I am interested in everyone's thoughts regarding Quicken and if they use (or don't use) the personal finance software. Why do you use (or not use) the program? What value does it bring? Do you use it for your entire financial picture or just your investment portfolio? I used to, but don’t anymore. ...
by Bacchus01
Tue May 22, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: If RMD are large should you still defer into 401k
Replies: 32
Views: 3153

Re: If RMD are large should you still defer into 401k

RMDs sneak up in a lot of people. I don’t have exact calc in front of me, but we’re 45 with about $1M in 401k balances. With continued contributions and growth through age 65 and no withdraws before 70, the RMD is huge! One aspect of the RMD conversation that doesnt seem to get much attention is th...
by Bacchus01
Tue May 22, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: If RMD are large should you still defer into 401k
Replies: 32
Views: 3153

Re: If RMD are large should you still defer into 401k

RMDs sneak up in a lot of people. I don’t have exact calc in front of me, but we’re 45 with about $1M in 401k balances. With continued contributions and growth through age 65 and no withdraws before 70, the RMD is huge! Depends on what you are making. In 25 years you will be in the 3-5 million real...
by Bacchus01
Tue May 22, 2018 6:02 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48323

Re: "Why 97% of People Don't Use 529 College Savings Plans."

Realistically though just how many people make enough to fund one? I just see very very little use in doing one. You are talking about needing a minimum saving amount of 48,000 before it makes sense to save in one. On top of that many people who are able to save 48,000 per year may have after tax 4...
by Bacchus01
Mon May 21, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: When should we stop contributing to our 529?
Replies: 18
Views: 1868

Re: When should we stop contributing to our 529?

Based on your criteria, I would halt and let it ride. For us, we see the opportunity for a pseudo multigenerational education trust. We will put up to the state tax deduction for all eligible people for the rest of our life. Today that is roughly $3K per person per year. We contribute $3K for each o...
by Bacchus01
Mon May 21, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48323

Re: "Why 97% of People Don't Use 529 College Savings Plans."

i don't understand why 529 threads always end up being so long. if you can max out your 401k, that alone puts you in the top 90th percentile of americans. add in maxing the IRA, probably bumps your into 95th percentile. add in maxing a HSA (stealth IRA) and yep, you're 97th percentile now. so if yo...
by Bacchus01
Mon May 21, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: If RMD are large should you still defer into 401k
Replies: 32
Views: 3153

Re: If RMD are large should you still defer into 401k

RMDs sneak up in a lot of people. I don’t have exact calc in front of me, but we’re 45 with about $1M in 401k balances. With continued contributions and growth through age 65 and no withdraws before 70, the RMD is huge!
by Bacchus01
Sun May 20, 2018 8:19 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48323

Re: "Why 97% of People Don't Use 529 College Savings Plans."

i don't understand why 529 threads always end up being so long. if you can max out your 401k, that alone puts you in the top 90th percentile of americans. add in maxing the IRA, probably bumps your into 95th percentile. add in maxing a HSA (stealth IRA) and yep, you're 97th percentile now. so if yo...
by Bacchus01
Sun May 20, 2018 8:13 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48323

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I myself am anticipating a major shakeup in higher education that cuts costs. At some point it makes more sense to give your children a duplex that they can live in and get a sinecure from than pay for $300,000-$400,000 worth of college. I second that. Surely the model needs a major overhaul. You c...
by Bacchus01
Wed May 16, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4740

Re: How to think about schools/homes (Greatschools/Niche)

In my neighborhood my daughter is at a 9/10 elementary, then set to go to a 8/10 middle school, and then a 5/10 high school. We have the option to enroll her in a 8/10 high school thats further away but I think I will keep her there so she can stand out more for universities/scholarships by ranking...
by Bacchus01
Wed May 16, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4740

Re: How to think about schools/homes (Greatschools/Niche)

Great Schools is a great tool to help you narrow down some options. Most districts then have reports that show detailed data. In the Milwaukee metro there is a report that shows all the high schools with key statistics: enrollment, % receiving reduced or free lunch, minority stats, average SAT and A...
by Bacchus01
Tue May 15, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Wisconsin 529
Replies: 3
Views: 435

Re: Wisconsin 529

We use age-based aggressive for each of our 3 kids and my wife and I each.
by Bacchus01
Mon May 14, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know your marginal tax rate?
Replies: 27
Views: 3018

Re: Do you know your marginal tax rate?

Quicken will give you that number. Or a simple calculation is taxes divided by total income (example $40K of taxes divided by $400K total income equals 10% which is the marginal rate for those numbers). So a single dollar is worth $.90 since 10% goes to taxes. A bit simplistic and changing variable...
by Bacchus01
Mon May 14, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 10571

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

You are very confused. You cannot put that all directly in a Roth 401k. The $18.5 limit applies to Roth and regular pre-tax 401k. There is no real reason to do after-tax 401k unless you can mega backdoor.
by Bacchus01
Mon May 14, 2018 6:38 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 5610

Re: Are bonds really needed - why not 100% stocks?

I use very little bonds because I have the desire and ability to take on risk Bonds are also not tax efficient for me. In taxable it’s hard to find a decent tax managed fund with decent return and low fees. In tax advantaged accounts, the ERs are often many multiples of a broad S&P type fund, eating...
by Bacchus01
Sun May 13, 2018 3:32 pm
Forum: Personal Consumer Issues
Topic: Subaru Crosstrek vs Outback
Replies: 32
Views: 2448

Re: Subaru Crosstrek vs Outback

OP, welcome to Colorado where the air is thin and cool, the stars are bright, and people give you room to merge on the interstate (except the ex-pats from CA:). Yes, this is the land of the Subaru and the largest dealer in the US is in Colorado Springs: [url]https://www.bestbuysubaru.com/ [url] Tha...
by Bacchus01
Sun May 13, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: Subaru Crosstrek vs Outback
Replies: 32
Views: 2448

Re: Subaru Crosstrek vs Outback

Ron wrote:
Sun May 13, 2018 10:34 am
It may be too large for you today, but you might want to look at their new offering this summer - the Subaru Ascent, in case you may need additional room in the future:

https://en.wikipedia.org/wiki/Subaru_Ascent

- Ron

A single person buying a 7 passenger SUV.
Why?
by Bacchus01
Sun May 13, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest after maxing out retirement?
Replies: 21
Views: 1841

Re: Where to invest after maxing out retirement?

Too little information to even respond appropriately
by Bacchus01
Thu May 10, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff mortgage early or save?
Replies: 27
Views: 3085

Re: Payoff mortgage early or save?

I've always felt that, unless and until you can make one lump sum payment to eliminate the mortgage, you should hold on to extra cash. The bank isn't interested in the fact that you're 12 months ahead of where you should be on your mortgage; your payment is due every month on the 1st. Lose your job...
by Bacchus01
Thu May 10, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff mortgage early or save?
Replies: 27
Views: 3085

Re: Payoff mortgage early or save?

I've always felt that, unless and until you can make one lump sum payment to eliminate the mortgage, you should hold on to extra cash. The bank isn't interested in the fact that you're 12 months ahead of where you should be on your mortgage; your payment is due every month on the 1st. Lose your job...
by Bacchus01
Thu May 10, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff mortgage early or save?
Replies: 27
Views: 3085

Re: Payoff mortgage early or save?

Not enough information to truly decide, and you are going to get a lot of answers regardless. It generally comes down to personal preference and risk profile. Over just about any reasonable timeframe of 15 years, it's hard to draw an argument that investing in a broad-based, low cost index fund is n...
by Bacchus01
Thu May 10, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: How much can you underwithhold this year without penalty?
Replies: 3
Views: 782

Re: How much can you underwithhold this year without penalty?

FiveK wrote:
Thu May 10, 2018 9:53 am
Bacchus01 wrote:
Thu May 10, 2018 9:45 am
...we will likely owe $55K in taxes.

So, I can ...withhold ... $50K, and not pay a penalty?
Given the situation described, "yes".
Thanks. I like to withhold the minimum and write the check in April.
by Bacchus01
Thu May 10, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: How much can you underwithhold this year without penalty?
Replies: 3
Views: 782

How much can you underwithhold this year without penalty?

W2 employee I know the rules and using prior year tax to equate underpayment penalty for a following year, but how will it work this year? Example, we had net federal tax due of about $90K last year. We owed ~$7K at tax time because we were underwitheld. No penalty was calculated. Now, this year, be...
by Bacchus01
Wed May 09, 2018 7:17 am
Forum: Investing - Theory, News & General
Topic: Why International again?
Replies: 224
Views: 20843

Re: Why International again?

0% international works for me. :beer 0% international works for me, at the moment . Fixed that for you. Would you like to explain why you think betting on one single economy is a wise strategy? Or why you think it will work for you? Because it’s not betting on one single economy. Not even close
by Bacchus01
Wed May 09, 2018 5:36 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 17353

Re: What Percentage CASH are you?

About 3% Directly. Probably another 1% indirectly as TSM and others hold a little cash.
by Bacchus01
Mon May 07, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4573

Re: AMC Movie Theaters -- typical OR not?

This is atypical. Most theaters don't have this and the ones that do offer only 1 theater in the whole building like this. They have one near me and I love the experience particularly the Dolby Atmos surround sound it provides. I even have my favorites seats I like to prepurchase I. Advance. Here i...
by Bacchus01
Mon May 07, 2018 6:45 am
Forum: Personal Consumer Issues
Topic: Buying house from 1977
Replies: 20
Views: 1608

Re: Buying house from 1977

jebmke wrote:
Sat May 05, 2018 10:51 am
The best house I have ever owned was built in 1909.
Which is vastly different than a home built in 1977, so I’m not sure how that positive experience translates.
by Bacchus01
Mon May 07, 2018 6:09 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4573

Re: AMC Movie Theaters -- typical OR not?

This is atypical. Most theaters don't have this and the ones that do offer only 1 theater in the whole building like this. They have one near me and I love the experience particularly the Dolby Atmos surround sound it provides. I even have my favorites seats I like to prepurchase I. Advance. Here i...
by Bacchus01
Mon May 07, 2018 5:56 am
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 91
Views: 5431

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

A lot of boggeheads buy Lexus. Reality there is no such thing as a boglehead car. Just from observation, it seems most Bogleheads favor Toyota, Lexus, Honda and Subaru (not necessarily in that order). So there may not be a Boglehead car, but these come close to being the Boglehead brands. They are ...
by Bacchus01
Sun May 06, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4573

Re: AMC Movie Theaters -- typical OR not?

This is atypical. Most theaters don't have this and the ones that do offer only 1 theater in the whole building like this. They have one near me and I love the experience particularly the Dolby Atmos surround sound it provides. I even have my favorites seats I like to prepurchase I. Advance. Here i...
by Bacchus01
Sun May 06, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4573

Re: AMC Movie Theaters -- typical OR not?

Thanks all for the input. It is interesting to see how the movie business is reacting to the new reality: in-home entertainment with larger screens, more choices and more convenient access to content, etc.. Now all they need to do is come up with better movies! Most of the popular movies seem to be...
by Bacchus01
Sun May 06, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 91
Views: 5431

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

Wakefield1 wrote:
Sat May 05, 2018 2:56 pm
Travel1013 wrote:
Fri May 04, 2018 12:43 pm
You can research this to infinity but if spouse has her heart set on a JGC...
Happy wife... :happy
Has her heart set on an SRT ?
Or Trackhawk
by Bacchus01
Sun May 06, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4573

Re: AMC Movie Theaters -- typical OR not?

Thanks all for the input. It is interesting to see how the movie business is reacting to the new reality: in-home entertainment with larger screens, more choices and more convenient access to content, etc.. Now all they need to do is come up with better movies! Most of the popular movies seem to be...
by Bacchus01
Sun May 06, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4573

Re: AMC Movie Theaters -- typical OR not?

Marcus theaters in our area are 100% this format. Must reserve seats. Big comfy recliners. The experience has brought us back to the theater. $8 is normal price and then they have $5 Tuesday.

Popcorn and soda is ridiculously expensive, however.
by Bacchus01
Fri May 04, 2018 5:41 am
Forum: Personal Consumer Issues
Topic: Need advice on $5M property sale
Replies: 39
Views: 4065

Re: Need advice on $5M property sale

If I were you, I would sell half and see if the area takes off even more. This is assuming it can be sold in parcels. Its the Foxconn area, I don’t think selling half would be attractive. Companies are putting up huge buildings. There is an Amazon distribution center in the area as well. I would su...
by Bacchus01
Thu May 03, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 91
Views: 5431

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

And the JGC is sort of like a big brother to the Wrangler. People buy them because they LIKE the vehicle. The JGC just does lots of things well that other SUVs cannot do at all. A JGC can tow a big trailer or boat that weighs up to 6500 pounds. That funny little Toyota will tow 3000 pounds. Or how ...
by Bacchus01
Thu May 03, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: Need advice on $5M property sale
Replies: 39
Views: 4065

Re: Need advice on $5M property sale

This happen to be in the Inland Empire? Just a note to clarify the area referred to by rugger2. The "Inland Empire" is a local name for the Ontario-Riverside-San Bernardino area on Southern California, generally 50 miles inland from Los Angeles. Many might extend the area outward to include some of...
by Bacchus01
Wed May 02, 2018 9:42 pm
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 91
Views: 5431

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

The current JGC has been pretty solid, except for the 2014 model year. It was plagued with tons of defects, the majority of which were corrected from the 2014.5 model onward. Interior on the upper trim levels positively shames vehicles like the Highlander and Pilot, and out-luxes the Lexus RX and A...
by Bacchus01
Wed May 02, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Withholding Calculator Says We will Owe $7700 in Taxes in 2018
Replies: 31
Views: 3479

Re: IRS Withholding Calculator Says We will Owe $7700 in Taxes in 2018

... and after-tax (Roth) to our employer-sponsored retirement plans. If you are maxing these two out ($37K) and are in the 22% tax bracket, those Roth contributions are costing you $8K in taxes. Just about how much the calculator is saying that you will owe. In the 22% bracket, an additional $4K in...
by Bacchus01
Wed May 02, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 91
Views: 5431

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

The one time I bought a used car that was towards the bottom of the Consumer Reports reliability rankings, I paid for it. Not in money so much, because I also bought an extended warranty. But the thing was constantly in the shop. The second that extended warranty expired, I sold my problem to some ...
by Bacchus01
Wed May 02, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 91
Views: 5431

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

I’m on my 4th JGC. Had a ‘93 Limited with the 4.0 and Selectrac, a ‘97 Laredo with 4.0 and Quadratrac, a 2007 Limited with the Hemi and now a 2017 Trailhawk. All of them have been fantastic vehicles. The first two I sold at 150-170k miles, the 2007 was traded with around 110k miles and the 2017 has ...
by Bacchus01
Wed May 02, 2018 6:51 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 11071

Re: Amazon to raise Prime membership in US to $119 from $99

The local B&M store is a show case of the merchant. You can see and touch or even play before you buy. Amazon is a E-commerce retailer which don't have its own show room. People look and B&M store and buy at Amazon for a couple penny and huge sales tax savings. Don't think its a fair playing ground...
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...