Search found 81 matches

by NotYourAverageJones
Wed Mar 18, 2020 3:36 pm
Forum: Investing - Theory, News & General
Topic: Who here is buying stocks today and how much?
Replies: 311
Views: 28816

Re: Who here is buying stocks today and how much?

We pulled the trigger a bit early last week so decided to double down again this week...We probably will be doing the same next week...and the week after that if this turd tornado doesn't slow down.... Today we were lucky to grab 750 of VTI at $115 and 250 of VOO at $210...That is it for today... :b...
by NotYourAverageJones
Sat Feb 29, 2020 9:12 am
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 19144

Re: who is worried and feels like selling stocks?

Yes. I am very careful of mentioning figures. There's never a positive outcome once the numbers are out. Agree. This is the only place where we share our numbers, and it doesn't matter because nobody personally knows us, so it's nice to fly under the radar here, but get the feedback we are asking f...
by NotYourAverageJones
Fri Feb 28, 2020 7:47 am
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 19144

Re: who is worried and feels like selling stocks?

Some of my DH co-workers were talking (panicking) about the current market and one of the guys mentioned he has his fund set to sell all when it hit zero, since he said it has already declined enough this week that it is within 2% of his basis and if the market keep sliding, he wanted to protect his...
by NotYourAverageJones
Fri Feb 28, 2020 7:40 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20234
Views: 2761780

Re: U.S. stocks in free fall

"moved question to different post"
by NotYourAverageJones
Fri Feb 28, 2020 7:04 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20234
Views: 2761780

Re: U.S. stocks in free fall

scsiguru wrote: Fri Feb 28, 2020 3:57 am Just wait until the World Health Organization declares a worldwide pandemic!!! It’s not a matter of if but when!!!
My Crystal Ball says prob by end of next week.... (My "friend" is a bio researcher in Vancouver her name is Crystal) :wink:
by NotYourAverageJones
Thu Feb 27, 2020 1:17 pm
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 19144

Re: who is worried and feels like selling stocks?

Worried about the market, nope! This is all just fear mongering by the media and everyone else. The market is simply over reacting to the noise. In our socal media world of panic and react mentality, you can't blindly follow the masses, put on your masks and get in line to drink the punch. Truth: se...
by NotYourAverageJones
Thu Feb 27, 2020 11:44 am
Forum: Personal Investments
Topic: What did you learn from the 2/24 sell off?
Replies: 327
Views: 22584

Re: What did you learn from the 2/24 sell off?

That seeing a 3 day $300k reduction in our portfolio in 2020 is not nearly as stressful as seeing a $30k one was back in 2008. :wink: Stay the course and buy more during a fire sale.
by NotYourAverageJones
Sat Feb 22, 2020 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Retirement expenses vs pre-retirement expenses?
Replies: 28
Views: 3059

Re: Retirement expenses vs pre-retirement expenses?

I agree that this question is a loaded one and can safety fall in the "it just depends" category because there isn't a OSFA (once size fits all) answer. IMO, you can first start by identifying all your necessary expenses. Create a budget based on the items in retirement you know 100% for sure will n...
by NotYourAverageJones
Sat Feb 22, 2020 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Social Security reduction and breakeven
Replies: 67
Views: 5578

Re: Social Security reduction and breakeven

Question: for those folks who say they "don't need it" because all your necessary living expenses are covered, why wouldn't a person in that financial position just take it and SPEND it? :dollar You sure could have a lot more fun spending it on fun stuff vice waiting to draw it later just too get mo...
by NotYourAverageJones
Fri Jan 31, 2020 6:14 am
Forum: Personal Finance (Not Investing)
Topic: LBYM vs Not Really Wanting More (NRWM(?))
Replies: 78
Views: 6618

Re: LBYM vs Not Really Wanting More (NRWM(?))

We don't think about whether or not we "LBYM." We make our own rules, according to our own situation and have never been ones to follow the herd. We have always just been very diligent to save 'X$' first, in order to meet our future financial goals, which we set to very comfortably fund our deferred...
by NotYourAverageJones
Fri Jan 24, 2020 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 353
Views: 30121

Re: Do you plan to actually spend down your portfolio?

Yes, as much as we want until the last one of us has been returned to dust. We follow the bucketing strategy for retirement and we have a solid plan in place which covers all of our MDF (Minimum Dignity Floor) expenses, that are all covered by secure, guaranteed income and adjusted to inflation over...
by NotYourAverageJones
Tue Jun 04, 2019 2:46 am
Forum: Personal Finance (Not Investing)
Topic: Should All Grandkids Be Treated as Equal Members of Same Class?
Replies: 104
Views: 9144

Re: Should All Grandkids Be Treated as Equal Members of Same Class?

I tend to lean towards the thinking of split inheritance by children and not grand children. The children can then handle how much to give to their kids directly. If we were planning on leaving an inheritance, this thinking to us makes the most sense. But we also only have one 25 yr old son, who pr...
by NotYourAverageJones
Tue Jun 04, 2019 2:26 am
Forum: Personal Finance (Not Investing)
Topic: Should All Grandkids Be Treated as Equal Members of Same Class?
Replies: 104
Views: 9144

Re: Should All Grandkids Be Treated as Equal Members of Same Class?

life in slices wrote: Mon Jun 03, 2019 1:08 pm
renue74 wrote: Mon Jun 03, 2019 12:53 pm We have teenagers at the moment....16 and 13.

Just this past weekend, I asked my wife if we could give all our estate to a good non-profit. :annoyed
We must have similar children :D
This seems to be a familiar feeling with many of our friends who have teenage kids...haha.... :shock:
by NotYourAverageJones
Tue May 07, 2019 3:36 am
Forum: Personal Investments
Topic: Has anyone invested in marijuana stocks?
Replies: 31
Views: 3428

Re: Has anyone invested in marijuana stocks?

Just thought I would pass it alone as part of the topic. This should be of concern to anyone holding, or wishing to hold, an active security clearance because we can personally attest that it's a very real area of concern within the defense community. Numerous communications have been centered aroun...
by NotYourAverageJones
Mon May 06, 2019 6:54 am
Forum: Personal Investments
Topic: CDs in early retirement to enable Roth Conversions?
Replies: 33
Views: 3613

Re: CDs in early retirement to enable Roth Conversions?

NotYourAverageJones , I am glad you have more income each year than you need for living expenses. This will give you flexibility to pay more taxes if (when) you decide to pay the taxes on RMDs or early Roth conversions. Although your first post in this thread appears to me to be talking about "CDs ...
by NotYourAverageJones
Mon May 06, 2019 4:06 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20234
Views: 2761780

Re: U.S. stocks in free fall

I have my Market Timing Lite® play all set up: Limit order for 1 share of VTI at ~1.5% below Friday's close. YOLO!!1! H-town says to move it to 5% :shock: Would not surprise me if it touched that intraday. Meh, I'll be fine if I catch my falling butter knife. Incidentally, every time I see a post b...
by NotYourAverageJones
Mon May 06, 2019 3:38 am
Forum: Personal Investments
Topic: CDs in early retirement to enable Roth Conversions?
Replies: 33
Views: 3613

Re: CDs in early retirement to enable Roth Conversions?

... we take it year by year and will certainly adjust as needed and according to our situation. I strongly suggest that you do a projection to at least age 80 instead of year-by-year. A yearly analysis seems quite short-sighted to me. Well, now that you mention it, I am near sighted! 8-) Of course ...
by NotYourAverageJones
Sun May 05, 2019 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Expat couple filing taxes
Replies: 10
Views: 1211

Re: Expat couple filing taxes

I was pretty happy with TaxesForExpats . Probably a lot cheaper than E&Y. This isn't really a complex matter for someone who deals with it regularly. I agree an expat can absolutely go that less costly route, especially when it's more of a vanilla expat return. We are tax equalized expats, so we ha...
by NotYourAverageJones
Sun May 05, 2019 3:38 am
Forum: Personal Investments
Topic: CDs in early retirement to enable Roth Conversions?
Replies: 33
Views: 3613

Re: CDs in early retirement to enable Roth Conversions?

OP - I don't have a fancy spreadsheet or any specific calculation that can tell you with any level of certainty if you should or should not convert your IRAs and when. But I wanted to share our plan as an alternative solution to the question. It may not make sense for your or others situation, but i...
by NotYourAverageJones
Sat May 04, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Expat couple filing taxes
Replies: 10
Views: 1211

Re: Expat couple filing taxes

FEIE for 2019 is 105,900 using Form 2555. Additional housing exclusion depends on location. Each of you can qualify for it filing joint, as long as you both meet either Bona Fide Residence Test or Physical Presence Test. Both have different qualifiers (and many disqualifiers including cruise ship tr...
by NotYourAverageJones
Thu May 02, 2019 3:00 am
Forum: Personal Investments
Topic: Tax Question - Retired and now 59 1/2.
Replies: 11
Views: 1500

Re: Tax Question - Retired and now 59 1/2.

Because I am not working I will have very little income this year (just basically the dividends from the taxable account and a small rental income). My total income might be $15,000 - $20,000. Any idea on what % of tax I would have to pay if I took distributions from the IRA? Strategically which ac...
by NotYourAverageJones
Thu May 02, 2019 2:41 am
Forum: Personal Investments
Topic: Tax Question - Retired and now 59 1/2.
Replies: 11
Views: 1500

Re: Tax Question - Retired and now 59 1/2.

I never ask on the internet "what are my taxes?" Instead, I use tax-prep software to actually calculate my taxes and to estimate my taxes for all kinds of various situations and decisions that I make for the coming year. I have done Roth conversions in the past, but now I am having my spouse do Rot...
by NotYourAverageJones
Wed May 01, 2019 3:36 am
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 248
Views: 25211

Re: Biggest Investment Mistake

Buying into a timeshare back in 2002 while on vacation in Princeville, Kauai. Stupid, Stupid... :oops: Worst part is we have only been back 2 times in 16 years.. :? We paid $15k for it upfront, but spend far too much on increasing annual maintenance costs, which of course we don't get back when we c...
by NotYourAverageJones
Tue Apr 30, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Low Cost Will?
Replies: 13
Views: 665

Re: Low Cost Will?

https://eforms.com/ Ready-made forms, super quick and simple, with various templates specific to each state. However, I would highly recommend setting up a Revocable Trust, especially with a wife and 3 kids. Like other have suggested already, stuff isn't always as straightforward and simple as we th...
by NotYourAverageJones
Tue Apr 30, 2019 10:46 am
Forum: Personal Investments
Topic: too many fund portfolios
Replies: 7
Views: 1011

Re: too many fund portfolios

Some of the financial advisors seem to recommend 20+ funds for a $100k portfolio. Does it make sense? Not at all, it just makes investing complicated. +1 Our former adviser from Schwab had us invested in about 15 different ETFs, all of which basically overlapped each other. It was ridiculous, sorta...
by NotYourAverageJones
Tue Apr 30, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: What are the cons of always being a one parent working household?
Replies: 134
Views: 9352

Re: What are the cons of always being a one parent working household?

always best for a parent to raise their kids I personally don't understand the mentality of staying at home parents. It might be my upbringing. Growing up I have almost never seen such thing, actually there was a neighbor with a SAHM and my mother told be explicitly not to play with him because wha...
by NotYourAverageJones
Tue Apr 30, 2019 5:20 am
Forum: Personal Finance (Not Investing)
Topic: What are the cons of always being a one parent working household?
Replies: 134
Views: 9352

Re: What are the cons of always being a one parent working household?

always best for a parent to raise their kids I personally don't understand the mentality of staying at home parents. It might be my upbringing. Growing up I have almost never seen such thing, actually there was a neighbor with a SAHM and my mother told be explicitly not to play with him because wha...
by NotYourAverageJones
Tue Apr 30, 2019 2:06 am
Forum: Personal Investments
Topic: too many fund portfolios
Replies: 7
Views: 1011

Re: too many fund portfolios

+1 Our former adviser from Schwab had us invested in about 15 different ETFs, all of which basically overlapped each other. It was ridiculous, sorta like a woman having 15 pairs of black pumps in her closet, all with different heel heights. Same black pump, just different variation of sameness. We m...
by NotYourAverageJones
Mon Apr 29, 2019 2:51 am
Forum: Investing - Theory, News & General
Topic: 50x minimum expenses to use VPW?
Replies: 28
Views: 4696

Re: 50x minimum expenses to use VPW?

Another approach that sounds potentially right up the OP's alley is a new calculator found at Portfolio Charts titled " Retirement Spending ." Using data going back to 1970, it allows users to backtest the results of a strategy where they start withdrawing X% of a portfolio each year and then poten...
by NotYourAverageJones
Sun Apr 28, 2019 11:26 pm
Forum: Personal Investments
Topic: Buying a home w/cash vs taking a mortgage and investing
Replies: 39
Views: 5077

Re: Buying a home w/cash vs taking a mortgage and investing

Given these factors, what would be the most financially savvy move? You already made it...Not having any kids! :wink: All joking aside! (sort of) Not sure how anyone can give you an accurate opinion on it, if they don't know your overall financial situation. What makes sense for one person doesn't ...
by NotYourAverageJones
Sun Apr 28, 2019 4:36 am
Forum: Personal Finance (Not Investing)
Topic: How to define wealth
Replies: 51
Views: 5380

Re: How to define wealth

How do we define wealth? Prob for us its more about having an overall sense of security, both emotionally and financially. But the literal term is so ambiguous because it holds such a different meaning to many different people. I think it's silly and irrelevant to rate or compare our personal succes...
by NotYourAverageJones
Thu Apr 25, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Lifestyle creep
Replies: 73
Views: 8120

Re: Lifestyle creep

Do you intentionally self-limit your lifestyle creep? For any other frugal-minded super-savers, how do you evaluate “excessive” correction? We have lived so as to enjoy each stage of our lives. It's normal that spending changes as your life changes. You get to decide how much spending is too much (...
by NotYourAverageJones
Thu Apr 25, 2019 8:15 am
Forum: Personal Investments
Topic: What to do? Sitting on the bench since October
Replies: 66
Views: 7808

Re: What to do? Sitting on the bench since October

OP, you did say "almost 7 figures" so I assume we are not talking about millions here. Either way, the amount is irrelevant because its more about your reaction to market fluctuations. What I do agree with is that you need to use this forum as a resource for information. Nobody can tell you how NOT ...
by NotYourAverageJones
Thu Apr 25, 2019 6:15 am
Forum: Personal Investments
Topic: REIT in ROTH or Tax deferred?
Replies: 3
Views: 457

Re: REIT in ROTH or Tax deferred?

Short answer: Roth - Because of their tax inefficiency, REITS are best held in your most tax-advantaged accounts. We also keep REITS in our Roth IRAs for this very reason. https://www.bogleheads.org/wiki/Real_estate_investment_trust Another related article to consider: https://www.simplysafedividend...
by NotYourAverageJones
Thu Apr 25, 2019 5:21 am
Forum: Personal Finance (Not Investing)
Topic: Lifestyle creep
Replies: 73
Views: 8120

Re: Lifestyle creep

***Below was my response to another similar post the other day regarding "spending and expenses while saving for retirement." It also applies to our position on what you are calling "Lifestyle Creep." Here's the thing: We decided early on after watching our own parents work so.damn.hard to only stri...
by NotYourAverageJones
Thu Apr 25, 2019 4:27 am
Forum: Personal Finance (Not Investing)
Topic: [Retiring before 65: How do you deal with health insurance?]
Replies: 88
Views: 12822

Re: [Retiring before 65: How do you deal with health insurance?]

Gratefully, we don't have to deal with it. DH enlisted in the USMC at age 17, retired from USMC at 39. He will retire again in a couple years at 58, but neither of us need to worry about medical coverage until age 65 when forced to downgrade to Medicare. Positive note is we still keep Tricare as our...
by NotYourAverageJones
Thu Apr 25, 2019 2:55 am
Forum: Personal Investments
Topic: 14 years old and looking for investment advice
Replies: 37
Views: 3949

Re: 14 years old and looking for investment advice

If this new BH is really only 14, I can't love this enough. :D At 14, I was wondering how may new vinyl records I could buy with my babysitting money, never mind investing it!! :( I really hope that you take time to educate yourself and suck up as much advice on here as you can. But also keep in mi...
by NotYourAverageJones
Wed Apr 24, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Family Trust
Replies: 25
Views: 3725

Re: Family Trust

Good idea. Suggestion: considering setting up your Estate plan (trust) in a far more "trust friendly state" such as Nevada. We did. We were from San Diego but made some changes for tax purposes and are now domiciled in Nevada, living overseas. We are having my parents draw up a new trust in NV this ...
by NotYourAverageJones
Wed Apr 24, 2019 2:21 am
Forum: Personal Investments
Topic: Please critique our plan
Replies: 18
Views: 1547

Re: Please critique our plan

I am not understanding still, but I don’t want to extend the argument. To each his own. Agree: I don't think it needs to be an argument either. Critique/Advice like asked, Yes! Give them some food for thought with varied opinions, Yes! But the argument should be saved for he and his wife down the r...
by NotYourAverageJones
Fri Mar 08, 2019 9:20 am
Forum: Personal Investments
Topic: Can I retire? Looking for math help here.
Replies: 24
Views: 3353

Re: Can I retire? Looking for math help here.

Hello all, Wondering if I can seriously step down my income/work level at this point? Reading through your post, my gut answer was "No Way Chipperd!" But it's missing so much info, it's hard to even make a ballpark estimate that gives much clarity. But I am going to try just for the heck of it sinc...
by NotYourAverageJones
Fri Mar 08, 2019 1:53 am
Forum: Personal Investments
Topic: Should I rebalance for tax efficiency and/or extend retirement age?
Replies: 8
Views: 905

Re: Should I rebalance for tax efficiency and/or extend retirement age?

OP - Welcome! We are in a similar situation (minus the 16yr old since we are empty-nesters!) We plan to retire Jan 2022. We will both turn 59/52 soon after. My husband could also continue to work until 62 (or later) especially since he has now reached the point in his career where his disposable inc...
by NotYourAverageJones
Thu Mar 07, 2019 11:47 pm
Forum: Personal Investments
Topic: Best Account for 2 Million from Sale of my Business
Replies: 63
Views: 3795

Re: Best Account for 2 Million from Sale of my Business

Park it in a money market fund and take your time. Don't succumb to the feeling to "do something" with it until you've had the chance to properly assess. If that takes months, that's okay in my opinion. +1 :thumbsup You said it yourself "you need time to think." Take the time. Don't be pressured to...
by NotYourAverageJones
Thu Mar 07, 2019 8:06 am
Forum: Personal Investments
Topic: Need advice making an investment decision for a trust
Replies: 7
Views: 639

Re: Need advice making an investment decision for a trust

I am sorry about your brothers passing. I do not envy the position you are in as trustee. But I do agree with others that you have to take your personal investment opinions out of it. If it were my niece, I would place her money in the most safe investment possible, to ensure I wasn't blamed later o...
by NotYourAverageJones
Thu Mar 07, 2019 7:40 am
Forum: Personal Investments
Topic: New to Board; Portfolio help and suggestions on transferring funds within an account
Replies: 5
Views: 755

Re: New to Board; Portfolio help and suggestions on transferring funds within an account

Stop the 529 plan. You need to save for retirement first. You can borrow for college but you can’t borrow for retirement . +1 :thumbsup I absolutely agree with this statement. I only wish my friends would take that advice. They are so worried about saving enough to pay for their kids college, that ...
by NotYourAverageJones
Wed Mar 06, 2019 7:40 am
Forum: Personal Investments
Topic: Where to start?
Replies: 23
Views: 1919

Re: Where to start?

Welcome to the board! Here are the funds my IRA is in: ACGMX: Invesco Growth and Income AMCFX: AMCAP Fund Class F-2 REACX: American Centurt Real Estate Fund AHIFX: American High Income Trust Class BARIX: Barron Asset Fund Instituional Class ABNFX: The Bond Fund of America Class F-2 UMBWX: Carillon S...
by NotYourAverageJones
Sun Mar 03, 2019 5:56 am
Forum: Personal Investments
Topic: Investment advice for 21 year old
Replies: 20
Views: 1502

Re: Investment advice for 21 year old

DesertDiva wrote: Sat Mar 02, 2019 12:49 pm “If you can” by William Bernstein.

+1 Good advice. Was just going to add this to my comment! :thumbsup

https://www.etf.com/docs/IfYouCan.pdf
by NotYourAverageJones
Sat Mar 02, 2019 9:09 am
Forum: Personal Investments
Topic: Investment advice for 21 year old
Replies: 20
Views: 1502

Re: Investment advice for 21 year old

I'm trying to help my 21 year old son learn from my mistake, I'm 51 years old and just now starting to get serious about investing. He is 21 and getting married next year, he's got a good job making $18/hour which will go up to about $30/hour in a year when he finishes his schooling (he's in a HVAC...
by NotYourAverageJones
Sat Mar 02, 2019 8:47 am
Forum: Personal Investments
Topic: How would you protect your 401k prior to a recession
Replies: 14
Views: 1538

Re: How would you protect your 401k prior to a recession

haban01 wrote: Fri Mar 01, 2019 8:58 pm
Mr.BB wrote: Fri Mar 01, 2019 8:43 pm Choose your asset allocation like you would choose a spouse. Something that you can live with and good times and bad.
Outstanding!!!! :D
+1 SOLID Advice! :D
by NotYourAverageJones
Thu Feb 28, 2019 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Is the Chase Sapphire Preferred card any good?
Replies: 61
Views: 4759

Re: Is the Chase Sapphire Preferred card any good?

I have the Sapphire Reserve. The annual fee is $450 vs. $95 for the Preferred, but you get $300 back as travel credit. So, the effective cost is $150/yr, and you get Priority pass lounge access. I travel often enough to make that worthwhile for me. Plus, there are a number of other benefits too. ht...
by NotYourAverageJones
Sun Feb 24, 2019 1:49 am
Forum: Personal Investments
Topic: Edward J rep is not answering my Questions
Replies: 63
Views: 9926

Re: Edward J rep is not answering my Questions

Advice needed. Thank you in advance. I recommend watching this 1 hour show with your parents. Its an episode from PBS called The Retirement Gamble and goes over the effect of fees on a portfolio's overall return. It worked for my mom. She transferred her investments to Vanguard the next day. Thank ...