Chris B.

Helping you streamline your money and pursue purposeful work.

[Chris B. @ChrisB_Finance]

Your community needs:

You, rested.
You, growing.
You, doing your thing.

Do not rob the world of yourself.

[Chris B. @ChrisB_Finance]

@MeasureTwiceMNY An incredible way to push the profession forward!

[Chris B. @ChrisB_Finance]

@MeasureTwiceMNY Incredible generosity from you and the community!

I look forward to seeing the ripple effects of this investment in others.

[Chris B. @ChrisB_Finance]

@ReformedWallet Right on point!

[Chris B. @ChrisB_Finance]

@markcparrett I'm 100% with you! Hopefully inflation and I-Bond yields come down soon.

[Chris B. @ChrisB_Finance]

@markallanbovair Balanced take: You could switch to @RedPocketMobile and use Verizon towers for $90/mo.

Downsides: No roaming on other company towers. Data (rarely) deprioritized when there's heavy traffic.

Savings of $1,320/yr, or $13,200 over the next decade.

Maybe worth it, maybe not.

[Chris B. @ChrisB_Finance]

@p2008t @Budgetdog_ Haha yeah, it'll be interesting to see how much each person ends up with.

[Chris B. @ChrisB_Finance]

@matthague1 @MeasureTwiceMNY Again, the time frame is incredibly important here.

For funds that are needed about 1-7 years out, I Bonds are a good option right now.

For a retirement that's 30 years away, broad based exposure to equities is an important component of the overall strategy.

[Chris B. @ChrisB_Finance]

@matthague1 @MeasureTwiceMNY Again, I Bonds are great for shorter time frames.

My wife and I own $40k in I Bonds, but we aren't depending on them for long-term wealth building.

[Chris B. @ChrisB_Finance]

@matthague1 @MeasureTwiceMNY Over time I expect my expenses to rise at the approximate pace of inflation, so I'm looking for >0% inflation adjusted investment returns.

Over a 30 year time-frame, adjusted for inflation:
I-bonds will yield ~0%
The S&P 500 has historically yielded 4.4% - 10.6%

[Chris B. @ChrisB_Finance]

@matthague1 @MeasureTwiceMNY I Bonds are currently yielding a 9% guaranteed return in a 9% inflation environment, so it's a 0% return after adjusting for inflation.

(Cody's chart is also adjusted for inflation, so it's an apples to apples comparison.)

[Chris B. @ChrisB_Finance]

@matthague1 @MeasureTwiceMNY I think it's important to clarify goals and time horizons. I-Bonds are good for goals that are, say, 1-7 years out.

Cody's tweet was about building wealth over the long term. Assuming a 30-year time horizon, there's never been a time the S&P 500 hasn't beaten inflation.

[Chris B. @ChrisB_Finance]

@Invest4finance I don't think the amount per person has been published yet. So... somewhere between $0.01 and $125. 🤣

[Chris B. @ChrisB_Finance]

@TKopelman 💯 "We're in a bear market, but the good news is your ownership stake in all of these companies has increased by 20%."

[Chris B. @ChrisB_Finance]

@Budgetdog_ Haha yeah - it'll be interesting to see if the payments are $1, $125, or somewhere in between.

[Chris B. @ChrisB_Finance]

@MeasureTwiceMNY @Budgetdog_ Pretty sure we all three agree. Taxable brokerage is a highly practical and flexible account.

It��s most powerful when combined with other accounts and a carefully planned distribution strategy.

Tax diversification and nuanced planning for the win. 🙏

[Chris B. @ChrisB_Finance]

@Budgetdog_ @MeasureTwiceMNY A Roth conversion ladder can be initiated at any age.

The screenshot Cody posted is a rock solid resource for all the various strategies for avoiding the 10% early withdrawal penalty.

[Chris B. @ChrisB_Finance]

@Budgetdog_ @MeasureTwiceMNY Choose 50… Are you saying choose 50 as a retirement age?

[Chris B. @ChrisB_Finance]

@Budgetdog_ @MeasureTwiceMNY Depends on the situation.

For early retirement cash flow, 5 years of expenses is enough to execute a Roth conversion ladder.

So 5 years of expenses in Roth contributions and brokerage balance is enough.

(Might also need more for one-off expenses like kids’ college, etc.)