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NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

"moved question to different post"

NotYourAverageJones

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)

NotYourAverageJones

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...

NotYourAverageJones

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.

Stay the course and buy more during a fire sale.

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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.
We must have similar children

This seems to be a familiar feeling with many of our friends who have teenage kids...haha....

NotYourAverageJones

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...

NotYourAverageJones

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 ...

NotYourAverageJones

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...

NotYourAverageJones

... 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 ...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

+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...

NotYourAverageJones

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...

NotYourAverageJones

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 ...

NotYourAverageJones

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...

NotYourAverageJones

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 (...

NotYourAverageJones

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 ...

NotYourAverageJones

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...

NotYourAverageJones

***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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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 ...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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...

NotYourAverageJones

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 ...

NotYourAverageJones

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...

NotYourAverageJones

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!

https://www.etf.com/docs/IfYouCan.pdf

NotYourAverageJones

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...

NotYourAverageJones

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!!!!

+1 SOLID Advice!

NotYourAverageJones

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...

NotYourAverageJones

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 ...

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