Cut potatoes (peel first if desired); put in large pot, cover with water, and bring to boil. Allow to cook until fork-tender. While potatoes are cooking, hard-boil eggs.
Slice bacon into sections about 1/2 inch wide; cook in frying pan until crispy. When eggs are done, drain hot water and cover with cold water. When bacon is done, remove from pan and place on plate covered with paper towels to drain. Reserve bacon grease.