Search found 1814 matches

by Bacchus01
Fri Sep 07, 2018 5:47 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10167

Re: Max you should invest in a 529?

Besides the discussion regarding if one should or should not be using a 529 -- anyone else care to comment on how much they are investing yearly? Anyone contributing more than $10k / child per year? What is your goal amount at the time of high school graduation (in today's dollars)? Thus far we hav...
by Bacchus01
Fri Sep 07, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: 28/F... $325k total comp for 2019. Minimize taxes?
Replies: 8
Views: 2285

Re: 28/F... $325k total comp for 2019. Minimize taxes?

Your next tax bracket is at around $200K of income.

Do you have a deferred comp plan? That would be the only big one without just giving money away.
by Bacchus01
Thu Sep 06, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: How to tell which vent is dryer vent?
Replies: 40
Views: 1749

Re: How to tell which vent is dryer vent?

dm200 wrote:
Wed Sep 05, 2018 12:57 pm
1. What might the other vent be for? Is it possible both vents are being used for the dryer?

2. Dry something to which you added some kind of recognizable "scent". Maybe fabric softener? Or ?
Old dryer vent, water heater vent, furnace vent, fireplace vent...

But most likely bathroom fans
by Bacchus01
Thu Sep 06, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 5062

Re: Time to look at SS

My wife is 5 years older and much lower earnings. The calculators generally show to take hers first and earlier. We will probably take hers at 62. Then 13 years later we both draw on mine. Are you sure you can "both draw on mine"? Yes. Why wouldn’t we? I'm not sure where Joe is thinking, but you ar...
by Bacchus01
Thu Sep 06, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10167

Re: Max you should invest in a 529?

For most folks paying 15% on QDI/LTCG, annual tax drag on US total stock market yield of ~1.8% is 27 bps, or $27/yr for every $10k invested in a taxable account. Even for high-earners paying 20% + 3.8% NIIT, it's all of 43 bps. That's like trading your 0.04% ER for 0.31% (or 0.47%, for the high ear...
by Bacchus01
Thu Sep 06, 2018 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10167

Re: Max you should invest in a 529?

They aren’t for everyone and they generally benefit wealthier individuals disproportionately. Unless you have a state tax break, there are other much better options.
by Bacchus01
Wed Sep 05, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 5062

Re: Time to look at SS

JoeRetire wrote:
Wed Sep 05, 2018 7:29 am
Bacchus01 wrote:
Wed Sep 05, 2018 7:08 am
My wife is 5 years older and much lower earnings. The calculators generally show to take hers first and earlier. We will probably take hers at 62. Then 13 years later we both draw on mine.
Are you sure you can "both draw on mine"?
Yes. Why wouldn’t we?
by Bacchus01
Wed Sep 05, 2018 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10167

Re: Max you should invest in a 529?

I think fear of taxes and obsession with tax avoidance opportunities / tax sheltered accounts tends to bias people's views on 529s a bit. For most folks paying 15% on QDI/LTCG, annual tax drag on US total stock market yield of ~1.8% is 27 bps, or $27/yr for every $10k invested in a taxable account....
by Bacchus01
Wed Sep 05, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 5062

Re: Time to look at SS

My wife is 5 years older and much lower earnings. The calculators generally show to take hers first and earlier. We will probably take hers at 62. Then 13 years later we both draw on mine.

I don’t believe I can draw on hers at all.
by Bacchus01
Tue Sep 04, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4793

Re: How much do you spend on kids extracurriculars?

Just don’t let them become ice hockey goalies. A good friend of mine just had his 16 year old commit to a full scholarship to University of Wisconsin as a goalie. He just moved to Michigan to join the US National Team and is likely headed to the olympics. Of course, playing Vegas would have been be...
by Bacchus01
Tue Sep 04, 2018 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10167

Re: Max you should invest in a 529?

We put in up to the WI state income deduction each year for each participant, including ourselves. For our family of five, that’s about $15K a year. The nearly 7% state tax deduction makes it worth it. We have $150K saved with three kids. We have 12 more years until all are graduated from college. S...
by Bacchus01
Mon Aug 27, 2018 5:49 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6743

Re: How do you calculate net worth with pensions?

I do not treat my pensions in my net worth

I do factor in my pensions when determining my desired asset allocation

I do factor in my pensions when determining retirement timing

If SS sticks, our expected pension/SS combined if I quit today and took at around 65 is $90k/yr.
by Bacchus01
Thu Aug 23, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard doesn't understand Mega-Backdoor
Replies: 55
Views: 8121

Re: Vanguard doesn't understand Mega-Backdoor

AdamP wrote:
Thu Aug 23, 2018 4:59 pm
Bacchus01 wrote:
Thu Aug 23, 2018 12:50 pm
Done this with Vanguard many times. They ALWAYS know exactly what I'm talking about.
There was a time when it was more hit or miss, especially with the correct categorization for tax purposes.

Well, I was mostly doing it in 2012 or 2013, so I’m not sure what time you know about.
by Bacchus01
Thu Aug 23, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard doesn't understand Mega-Backdoor
Replies: 55
Views: 8121

Re: Vanguard doesn't understand Mega-Backdoor

Done this with Vanguard many times. They ALWAYS know exactly what I'm talking about.
by Bacchus01
Wed Aug 22, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: I love my job but DW hates location and I'm underpaid
Replies: 28
Views: 3130

Re: I love my job but DW hates location and I'm underpaid

Do you have to live together? Maybe she can move.
by Bacchus01
Tue Aug 21, 2018 10:47 pm
Forum: Personal Consumer Issues
Topic: Toyota Camry - Considering Purchase - Panoramic Sunroof?
Replies: 30
Views: 1820

Re: Toyota Camry - Considering Purchase - Panoramic Sunroof?

I have a pano roof in my grand Cherokee. I couldn’t tell you how many times I’ve opened it in a year since I bought it. Less than three probably.
by Bacchus01
Mon Aug 20, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Retire and become an Adventure Guide
Replies: 34
Views: 2816

Re: Retire and become an Adventure Guide

I know pay stinks (think just above minimum wage) but I really am intrigued with the idea. I don't mind being away for weeks at a time and I since I will be essentially FIRE, Guides on the Colorado going thru the Grand Canyon make good money (partly with salary, a lot from Tips) - but they are very...
by Bacchus01
Mon Aug 20, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Paying a Spouse
Replies: 2
Views: 865

Re: Paying a Spouse

https://ttlc.intuit.com/questions/3216544-can-i-pay-my-spouse-to-manage-my-rental-property Thanks, but that doesn't really answer the question. It implies that it's not in an LLC, which it would be, and implies that it's moving income from one bucket to another (it's not). Being "not a good idea" d...
by Bacchus01
Mon Aug 20, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paying a Spouse
Replies: 2
Views: 865

Paying a Spouse

We own several properties. For simplicity, I’ll focus on two. One generates income (albeit at a net loss when depreciation is taken into account) and one is a speculative piece of land that generates no income. Today we can deduct some of the taxes, but that’s about it. If I hired my wife to manage ...
by Bacchus01
Mon Aug 20, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you put away in investments?
Replies: 66
Views: 5481

Re: How much do you put away in investments?

magicrat wrote:
Mon Aug 20, 2018 12:28 pm
~$150-200k, ~40-50% of gross

Same
by Bacchus01
Mon Aug 20, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Retire and become an Adventure Guide
Replies: 34
Views: 2816

Re: Retire and become an Adventure Guide

I posted my initial response last night just before I went to bed. Since then you have gotten some very good replies. I would take seriously the suggestions that you approach this by taking relevant training programs, and augmenting them with experience such as volunteer trail maintenance, or manni...
by Bacchus01
Mon Aug 20, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 91
Views: 10462

Re: Vanguard predicts 10 year equity returns

I don't think awareness of a good faith best estimate of how things might play out in the medium-term necessarily equates to market timing. In my view their are three valid aspects to consider. 1. A person in their heavy-lifting accumulation years might consider a higher contribution rate if they h...
by Bacchus01
Mon Aug 20, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: Where to buy white, athletic fit dress shirt?
Replies: 52
Views: 3182

Re: Where to buy white, athletic fit dress shirt?

Thanks all for the replies. Some great options. Athletic fit? I didn't know that was a thing. Had to google it. Yup. It's a thing. But also... a humble brag? LOL. Anyway. I wouldn't know. I like to stay active but I like to eat too. To me, a six pack is something you drink. And.. I haven't worn a w...
by Bacchus01
Mon Aug 20, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Where to buy white, athletic fit dress shirt?
Replies: 52
Views: 3182

Re: Where to buy white, athletic fit dress shirt?

I'm looking for a new dress shirt to wear with a suit. Would like something with an athletic fit and that looks nice. I'll only wear it once or twice a year so not looking to spend a ton, unless there's a significant difference in look and quality. Any recommendations? I've had success at Kohl's an...
by Bacchus01
Mon Aug 20, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Retire and become an Adventure Guide
Replies: 34
Views: 2816

Re: Retire and become an Adventure Guide

An option is not to guide but to volunteer to work on trails. For example, Washington Trails Association (WTA) in Washington state has a backcountry response team which takes volunteers out on trails to do trail work. No demanding clients to look after, beautiful scenery and working with people who...
by Bacchus01
Mon Aug 20, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Retire and become an Adventure Guide
Replies: 34
Views: 2816

Re: Retire and become an Adventure Guide

It does not seem like a reasonable idea. You are 45, maybe an age bias when you go to get hired. Also, what experience? Why would they hire you? You've done some hiking trips. You will have to make an impression. What are your people skills? Customers can drive you crazy. You don't get to pick them...
by Bacchus01
Mon Aug 20, 2018 6:14 am
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 91
Views: 10462

Re: Vanguard predicts 10 year equity returns

I read the entire article and thought it was good. Vanguard's predictions of 10 yr. returns are much lower than either the last decade's or long term historical averages. I don't believe any predictions by anyone are rock solid but as predictions go, Vanguard's seem to me as reasonable as anyone's ...
by Bacchus01
Mon Aug 20, 2018 6:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 91
Views: 10462

Re: Vanguard predicts 10 year equity returns

The next 10 years aren’t as important to me as the following 10 years after that. Can someone tell me what those returns will be? In all seriousness, those numbers by Vanguard look really low for nominal. That would imply that there is a massive excess of capital and the cost of capital would be sit...
by Bacchus01
Sun Aug 19, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Retire and become an Adventure Guide
Replies: 34
Views: 2816

Re: Retire and become an Adventure Guide

flyingaway wrote:
Sun Aug 19, 2018 9:23 pm
If you do not consider that as a job (since you are retired), then the pay does not matter. If it comes with health insurance, you might get serious competitions for the job.
Pay will be largely irrelevant to me. Insurance would be a huge bonus.
by Bacchus01
Sun Aug 19, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Retire and become an Adventure Guide
Replies: 34
Views: 2816

Re: Retire and become an Adventure Guide

brokendirtdart wrote:
Sun Aug 19, 2018 9:09 pm
Let me just subscribe to this thread, because at 45 and 30ish months away from military retirement, I have considered national/state park jobs as a second career.
coolworks.com seems to be one of the best sites for opportunities, but so far most have been CSR/Cook/Clean ones that I've seen.
by Bacchus01
Sun Aug 19, 2018 9:00 pm
Forum: Personal Consumer Issues
Topic: Costco penny install sale & road hazard terms
Replies: 31
Views: 2858

Re: Costco penny install sale & road hazard terms

I intended to buy tires at Costco several weeks ago, but when I went into the store and visited the tire department with a couple of questions there was no one there. I stopped back later and there were about 12 people waiting for assistance and one very busy guy working behind the counter. Judging...
by Bacchus01
Sun Aug 19, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Retire and become an Adventure Guide
Replies: 34
Views: 2816

Retire and become an Adventure Guide

I'm starting to chart out my early retirement options. One thing I love to do is hike the national parks and don't mind the rough stuff. So, I thought about working summers as a guide for one of the services. I'm wondering if anyone has done this and knows about the process and/or pros/cons of it. I...
by Bacchus01
Fri Aug 17, 2018 6:42 am
Forum: Personal Consumer Issues
Topic: Costco penny install sale & road hazard terms
Replies: 31
Views: 2858

Re: Costco penny install sale & road hazard terms

I intended to buy tires at Costco several weeks ago, but when I went into the store and visited the tire department with a couple of questions there was no one there. I stopped back later and there were about 12 people waiting for assistance and one very busy guy working behind the counter. Judging...
by Bacchus01
Thu Aug 16, 2018 10:51 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 48
Views: 5747

Re: Fidelity 401(k) millionaires hits record high

You would have to be working over 22-23 years (25 years realistically), just about maxing-out year after year, get decent employer matching, keep invested in equities (than jumping out of market, or request too many loans etc), incur low expenses charged by Funds, expect decent market returns, go t...
by Bacchus01
Thu Aug 16, 2018 10:44 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 48
Views: 5747

Re: Fidelity 401(k) millionaires hits record high

PrettyCoolWorkshop wrote:
Thu Aug 16, 2018 1:26 pm
168000/16100000*100=1.0434783

'bout a percent.

By the way, Launchy is a great program for doing math quick. Espeically with the Mathy Resurrected plugin.

https://www.launchy.net/ (not affiliated, just a fan).
Please tell me you really didn’t need a calculator for that math
by Bacchus01
Tue Aug 14, 2018 10:33 pm
Forum: Personal Consumer Issues
Topic: Master Bath remodel price?
Replies: 29
Views: 3725

Re: Master Bath remodel price?

We just remodeled our master bath late last year for $16k. It's also 2-3 times bigger than yours and we replaced everything which included new walk-in shower tile/glass door, freestanding tub, double vanity/marble tops, new toilet, additional lighting and moved a couple of drains a bit. I know it's...
by Bacchus01
Tue Aug 14, 2018 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 60
Views: 8857

Re: Asked my advisor about fees and here's their reply

John, how many funds do you have. Would you mind posting some of them along with ticker symbols? Paul Sure, heres what I see: DFTCX $47,500 DFTWX $21,500 QTMRX $18,000 DFSMX $13,700 DFTIX $13,000 BTIIX $18,000 DGEIX $11,500 DFUVX $10,600 DURPX $10,600 AMOMX $1,500 DFSVX $7800 DFSTX $6000 DFVIX $950...
by Bacchus01
Mon Aug 13, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 60
Views: 8857

Re: Asked my advisor about fees and here's their reply

What he is charging you and the response you got seems fair.

However, if you want to do it yourself you can do it much cheaper and probably better, but it requires your time and attention.
by Bacchus01
Mon Aug 13, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 83
Views: 6253

Re: House Value & Mortgage as a Percentage of Net Worth

denovo, A) That is my safety margin to account for the ownership risk. B) Those folks are not going to pay my mortgage when I am unemployed. So, why should I care about what they think? My net worth guideline allows me to pay off the mortgage and move elsewhere at any time if I need to. I had survi...
by Bacchus01
Mon Aug 13, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: My experience with CloudReady (convert your PC or Mac into a Chromebook)
Replies: 23
Views: 2307

Re: My experience with CloudReady (convert your PC or Mac into a Chromebook)

I've got two older laptops that either have no OS installed now, or are so buggy that I don't even want to fire them up. I'd love to load CloudReady to turn them into Chromebooks for our two of our kids age 9 and 12. They use googledocs for school. Can you load this without an OS on the system now? ...
by Bacchus01
Fri Aug 10, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: Vanguard Switch to Brokerage Accounts
Replies: 60
Views: 6135

Re: Vanguard Switch to Brokerage Accounts

Believe it or not but as was posted in the last rant thread on Vanguard brokerage vs mutual fund accounts that Vanguard will be transitioning all accounts to brokerage accounts in the near future. I would not be making long tern plans based on the mutual fund structure. However, we also know Vangua...
by Bacchus01
Thu Aug 09, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15625

Re: Will you pay for your kids' college/graduate education?

IMHO, parents should pay for education in proportion to what they can really afford. Country club parents, stretched to the financial limit, with two leased luxury cars who refuse to pay are cheating their children. But a hardworking two parent couple, with a house, a few cars and a summer trip to ...
by Bacchus01
Tue Aug 07, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: whole house generator different questions
Replies: 21
Views: 1681

Re: whole house generator different questions

I know there's another whole house generator thread, but I have different questions. I had a Generac dealer out today for an estimate. I want an idiot proof generator that runs on natural gas and goes on and off by itself, and a maintenance contract so it all blissfully works without my getting inv...
by Bacchus01
Tue Aug 07, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15625

Re: Will you pay for your kids' college/graduate education?

Problem with merit-based assessments (athletic or academic or however) is that the kid with the least abilities is the one who needs help the most. Society chooses to mostly ignore such weak kids because society benefits the most from those with the greatest abilities. But it's your kid... It's als...
by Bacchus01
Mon Aug 06, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15625

Re: Will you pay for your kids' college/graduate education?

NotWhoYouThink wrote:
Mon Aug 06, 2018 7:30 pm
Which would have to be co-signed.
And?
by Bacchus01
Mon Aug 06, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15625

Re: Will you pay for your kids' college/graduate education?

UW Madison is about $10,500 for tuition/fees for instate. It's a top 25 world university, and is inside the Top 25-50 in nearly every major discipline. You're right, in-state flagship Us are still pretty reasonable. And I don't think graduating college with $30K in student loans (about the average)...
by Bacchus01
Mon Aug 06, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 76
Views: 14470

Re: I pay $6K in rent. Am I an idiot for not buying?

If it was cheaper to rent, then why would the owner rent it? Rent is almost always dollars and cents more expensive. Not necessarily true. For example, in the SF Bay Area (and Cali in general), prop 13 dramatically limits the property taxes of many of these homes that have been owned for 20+ years....
by Bacchus01
Mon Aug 06, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15625

Re: Will you pay for your kids' college/graduate education?

The only realities are: 1. College and graduate school costs have increased for EVERYONE since they last went to school (20 years ago+), 2. Paying for college costs are expensive and for most will have some dent to their personal savings themselves for retirement, and 3. College debt is starting be...
by Bacchus01
Mon Aug 06, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15625

Re: Will you pay for your kids' college/graduate education?

The only realities are: 1. College and graduate school costs have increased for EVERYONE since they last went to school (20 years ago+), 2. Paying for college costs are expensive and for most will have some dent to their personal savings themselves for retirement, and 3. College debt is starting be...
by Bacchus01
Mon Aug 06, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 76
Views: 14470

Re: I pay $6K in rent. Am I an idiot for not buying?

If it was cheaper to rent, then why would the owner rent it? Rent is almost always dollars and cents more expensive. In some of these insanely expensive cities, landlords are willing to take a loss on renting today because they speculate future appreciation in home prices and/or rents. I'm not sure...