Search found 1732 matches

by Bacchus01
Wed Jul 11, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: When to start taxable?
Replies: 22
Views: 2083

Re: When to start taxable?

You don’t say how much you have in residual income not what tax bracket, but my order of funding is:

- 401k to max match
- HSA
- Roth IRA
- 401k to $18.5k
- 529s
- NQ deferred comp to get to 24% marginal bracket
- after tax
by Bacchus01
Wed Jul 11, 2018 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Personal 529 inherited by sons - are they taxable?
Replies: 16
Views: 1519

Re: Personal 529 inherited by sons - are they taxable?

So, if I have $50k in an account now with me as the beneficiary, and I want to move that to my sons account in the next twelve months as he enters college, that is treated as a taxable gift? But, if I just write a check for his college expenses, it’s not treated as a taxable gift? How does that work...
by Bacchus01
Wed Jul 11, 2018 5:57 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4755

Re: 30 Year vs 15 Year Mortgage

I am a fan of the 30 year fixed rate approach. It's one of the best hedges against inflation available to most people. If inflation and interest rates rise, you're golden. If they drop, you can refinance. If you want to pay it off early, you can. Plus it gives you more liquidity. I have always done...
by Bacchus01
Wed Jul 11, 2018 5:54 am
Forum: Personal Consumer Issues
Topic: Should I contact GMC about A/C issues?
Replies: 42
Views: 2043

Re: Should I contact GMC about A/C issues?

...if GMC would step up to the plate and fix the parts I might consider another GM vehicle. I learned my lesson many years ago. Why do people keep buying these unreliable cars when they could buy a Honda, Toyota or Subaru? I don't get it at all. You get what you deserve for not doing your homework....
by Bacchus01
Tue Jul 10, 2018 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 50
Views: 5645

Re: Where do you keep your Emergency Fund?

ROTH IRA
HSA
Ally Savings
Credit Cards

We could live for 3 years on that
by Bacchus01
Mon Jul 09, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Should I contact GMC about A/C issues?
Replies: 42
Views: 2043

Re: Should I contact GMC about A/C issues?

We have a 2014 Acadia Denali. Also Hs a bad condenser.

Worst vehicle ever. Will never buy a GMC again.
by Bacchus01
Mon Jul 09, 2018 9:43 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1232

Re: Colorado Day Hike Suggestions

Got my hotel booked for Georgetown, CO, Friday night. I'll be coming down from Fort Collins a little late. Headed over to the trailhead for Grays and Torreys by 5:30. Rented an SUV to get there. I have a 5:55PM flight out of Denver on Saturday evening. I really wish the United lounge had a shower th...
by Bacchus01
Mon Jul 09, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with recruiters
Replies: 20
Views: 2032

Re: Dealing with recruiters

I generally only get contacted by the top executive recruiters any more because of position (Korn Ferry, Russel Reynolds, Spencer Stuart, etc). I always listen and often tell them “it’s not a great fit for me, but let me check my network.” I always give them 2-3 names of people they should contact. ...
by Bacchus01
Sun Jul 08, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1232

Re: Colorado Day Hike Suggestions

Thanks. I actually think I’m going to get a hotel room in Idaho Falls or Georgetown on Friday night and drive down from Ft Collins.
by Bacchus01
Sun Jul 08, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1232

Re: Colorado Day Hike Suggestions

climber2020 wrote:
Sun Jul 08, 2018 4:29 pm
Bacchus01 wrote:
Sun Jul 08, 2018 4:24 pm
Now leaning towards Grays and Torreys Peak.
Kelso Ridge is a nice trail up to those two peaks. Lots of great scrambling on the way up.
Since I'm coming for such a short trip, I think I will avoid the scrambles this trip.
by Bacchus01
Sun Jul 08, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1232

Re: Colorado Day Hike Suggestions

co_investor wrote:
Sat Jul 07, 2018 9:55 pm
Agree with whoever recommended Mt. Bierstadt. Grays or Torreys peak are good options as well.

Enjoy Colorado!
Now leaning towards Grays and Torreys Peak.

I've actually changed my plans. Staying in Ft Collins area and not Colorado Springs.
by Bacchus01
Sun Jul 08, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: The Worst U.S. Portfolio Disasters — A Historical Comparison
Replies: 66
Views: 5783

Re: The Worst U.S. Portfolio Disasters — A Historical Comparison

columbia wrote:
Fri Jul 06, 2018 6:11 pm
It seems like a good argument for a 50/50 portfolio over the long run.
Why? I’m not being obtuse, I just don’t see that resounding in this analysis. If anything, I see a “it probably doesn’t matter” result.
by Bacchus01
Sun Jul 08, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9527

Re: What rate of return are you using for retirement projections?

The current yields on TIPS are 5-year - .5%-ish and 7-year .7%-ish so the 2% real yield implied by these estimates are inconsistent with what yields on current instruments are predicting. My average duration is under 5 years so I simplify things by averaging down to zero real return on the bond por...
by Bacchus01
Sun Jul 08, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9527

Re: What rate of return are you using for retirement projections?

Using broad market ultra-low cost index funds, I would use the following nominal expected 30 year returns for planning: 2.0% inflation 2.5% cash and cash-like 4.0% intermediate-term bonds 7.0% global equities 5.5% balanced 60/40 with some cash Rick Ferri This Some of you are real pessimists! Wow. I...
by Bacchus01
Sun Jul 08, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1232

Re: Colorado Day Hike Suggestions

Are you sure you want to do a 14er? It a lot harder than 10k'. The oxygen level goes way down. I would not attempt that solo. I'm on the other side of the mountain, so not familiar with trails over there. There has to be some good trails that are between 10-13k over there. Plan on early morning as ...
by Bacchus01
Sun Jul 08, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9527

Re: What rate of return are you using for retirement projections?

Using broad market ultra-low cost index funds, I would use the following nominal expected 30 year returns for planning: 2.0% inflation 2.5% cash and cash-like 4.0% intermediate-term bonds 7.0% global equities 5.5% balanced 60/40 with some cash Rick Ferri This Some of you are real pessimists! Wow. I...
by Bacchus01
Sun Jul 08, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1232

Re: Colorado Day Hike Suggestions

You could do the Barr trail, on the way down from doing the Manitou incline. That is the way down. Manitou incline is an accomplishment in itself. A sort of different hike. It will not be as long in time as maybe you were looking for but sufficient for effort. Otherwise Bierdstat is a good option. ...
by Bacchus01
Sun Jul 08, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9527

Re: What rate of return are you using for retirement projections?

Using broad market ultra-low cost index funds, I would use the following nominal expected 30 year returns for planning: 2.0% inflation 2.5% cash and cash-like 4.0% intermediate-term bonds 7.0% global equities 5.5% balanced 60/40 with some cash Rick Ferri This Some of you are real pessimists! Wow. I...
by Bacchus01
Sat Jul 07, 2018 11:29 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1232

Re: Colorado Day Hike Suggestions

It looks like they are not letting people to drive up to Pikes Peak this summer, so catching a ride seems suspect.

How difficult is Sawtooth if I want to hit Evans as well?
by Bacchus01
Sat Jul 07, 2018 9:42 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1232

Colorado Day Hike Suggestions

I'm going to be in Colorado Springs/Denver area late this week and next weekend. I'd like to do a long day hike on Saturday. I'm in pretty good shape and have done some 6-8 hour hikes but mostly at 8-10K feet. I will be solo. I will have good gear, but looking for suggestions. I'd love suggestions f...
by Bacchus01
Fri Jul 06, 2018 11:09 pm
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 138
Views: 9402

Re: What time do you get up in the morning?

2am to hit the gym. On vacation i take it easy, like today when I’m up at 3:30 to hit the hiking trails. Impressive! Do you happen to work in radio? No, I don’t work in radio. I have a 9-5 job at megacorp. I like hitting the gym early and my work day is from around 5am-2pm (I have a global job so t...
by Bacchus01
Thu Jul 05, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 allowances: why not withhold the minimum to avoid penalty?
Replies: 17
Views: 1367

Re: W-4 allowances: why not withhold the minimum to avoid penalty?

I usually try to do exactly that. We try to withhold the last amount before penalty kicks in.

We end up with a 5-figure tax bill in April usually. But we plan for it.
by Bacchus01
Thu Jul 05, 2018 1:34 pm
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 138
Views: 9402

Re: What time do you get up in the morning?

MWF. 5:15
TThu 4:45
Sat/Sun 6-7AM
by Bacchus01
Wed Jul 04, 2018 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Health Care in "Early" Retirement
Replies: 50
Views: 4885

Re: Health Care in "Early" Retirement

Can you get your income down far enough to get the ACA subsidies?
by Bacchus01
Tue Jul 03, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 102
Views: 10011

Re: how often does high ACT score == scholarship?

DD had ACT 36, 3.98 unweighted GPA, 33 AP/IB credits all with scores high enough to be accepted by top research schools, debate team officer, varsity sport participant and was admitted to STEM programs (physics) that are typically very underrepresented with female applicants. She got very little in...
by Bacchus01
Tue Jul 03, 2018 6:37 am
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 125
Views: 13893

Re: Why not go 100% stocks?

You don’t need to have an amount for a downturn, you have it coming in presumably every few weeks. How many docs went on the unemployment line in the Great Recession? Answer: not very many. You didn’t give the rest of your scenario but if you haven’t yet, get those loans paid off! I’m older (45) and...
by Bacchus01
Sun Jul 01, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Debating a new deck
Replies: 8
Views: 856

Re: Debating a new deck

$100-$150 sq/ft for a deck?

No. No way.
by Bacchus01
Sun Jul 01, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: Whole House Generator
Replies: 18
Views: 1720

Re: Whole House Generator

Ron wrote:
Sun Jul 01, 2018 7:50 am
Generac engines are made by Generac Power Systems, a manufacturing company with facilities in Eagle and Whitewater, Wisconsin.
Some are. Most aren’t.
by Bacchus01
Sun Jul 01, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Does It Make Sense to Wait to Claim SocSec?
Replies: 62
Views: 6914

Re: Does It Make Sense to Wait to Claim SocSec?

I love these threads. They are fascinating and things that I think the average person has no clue on. They simply take it when they take it. My wife is 5 years older than me. Her amount will be considerably less than mine. The calculators seem to suggest taking hers as soon as possible or no later t...
by Bacchus01
Sun Jul 01, 2018 6:56 am
Forum: Personal Consumer Issues
Topic: Whole House Generator
Replies: 18
Views: 1720

Re: Whole House Generator

Cummins Onan is the Cadillac. Kohler is the Chevy. Generac is Hyundai. I'd suggest the Kohler, it's worth the price differential over the Generac. And if you're going to spend the magnitude of $ for a whole house generator, get the automatic transfer switch. Please. Have never heard it described th...
by Bacchus01
Fri Jun 29, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Does It Make Sense to Wait to Claim SocSec?
Replies: 62
Views: 6914

Re: Does It Make Sense to Wait to Claim SocSec?

Hi, my wife plans to retire soon when she reaches age 65 due to health and job stress issues. My question is: If she doesn’t work and we can figure out a way to live without claiming her Social Security benefits for a year or two (her full benefits don’t kick in until after age 66), does that sort ...
by Bacchus01
Fri Jun 29, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 102
Views: 10011

Re: how often does high ACT score == scholarship?

When doing the college touring and also attending college admissions seminars, something stuck with me: Expensive private colleges are selective with who they give money to, but they have all the money. Public colleges qualify everyone to get money, but they don't have any money. Better than a high...
by Bacchus01
Thu Jun 28, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 102
Views: 10011

Re: how often does high ACT score == scholarship?

If you live in Wisconsin, and UW Madison has your degree, and you can get in, there is almost no reason NOT to go there (barring a full ride from Stanford, MIT, Caltech, etc.). Unfortunately, the OP child isn't likely getting a full ride from those places.
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: 8603

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: 11654

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: 11654

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: 21086

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: 3799

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: 6453

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: 21086

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: 21086

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: 6453

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: 21086

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: 21086

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: 21086

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: 6453

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: 8603

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...