Just a quick post today to highlight what could be the biggest change for the finances of retired people in a generation … eliminating Federal income taxes on Social Security. After seemingly not mentioning it since the election, Trump spokeswoman Karoline Leavitt told reporters yesterday that it is a key part of the budget negotiations that GOP leaders in the House, Senate, and White House … Continue reading No Tax on Social Security?
This weekend, we watched a HBO Music Box documentary about the “Yacht Rock” music phenomenon. It was interesting to see how some young folks “uncovered” the previously unreported late 70s/early 80s Los Angeles music scene and connections between Steely Dan, the Doobie Brothers, Kenny Loggins, Toto, and Christopher Cross. The next morning, I commented that the Yacht Rock era “was almost 45 years ago!” … Continue reading Retired Yacht Rocker Cliches
It’s a historic day in America. The crazy 2024 presidential election is behind us. Now we’ll see what impact Trump returning to the Oval Office will have on the economy and our investments. Love him or hate him, Trump’s policies and priorities have had significant implications for the economy, taxes, and healthcare—three pillars of a secure retirement. With that in mind, here are five key … Continue reading Trump Inauguration
A year ago, we took the plunge and bought annual passes to Walt Disney World. This week, we doubled-down and also bought a pass to Universal Orlando. I guess we are becoming fully-fledged Floridians now. The Disney passes really paid out over the last year. We needed to use them at least 8x to payout the cost … and boy did we. We went to … Continue reading Doubling Down …
This is a big week at the Fire Station. It was 10 years ago that I set up the site and published my first post. That first week, I had 9 visitors with 28 views. I think most of the views were from me & my son! The concept of FIRE – Financial independence and Retiring Early – wasn’t brand new at that point, but … Continue reading Ten Year Anniversary
Today is the last day of 2024 – New Year’s Eve. It’s been a second very good year for investment markets and we’ll start seeing tomorrow if we are going to get a “three-peat” performance in 2025. Here are some of the predictions I’ve seen that will impact retiree finances in the New Year … Overall, it’s a pretty positive outlook for the economy & … Continue reading New Year’s Predictions
Sending Christmas cards used to be a huge part of the holiday season. Families would sit down together, write personal messages, and mail cards to loved ones. I even used to sell engraved Christmas cards door-to-door in the Summer when I was in grade school. Still, the tradition is waning. According to the US Post Office, the number of Christmas cards sent through the mail … Continue reading Christmas Cards: A Tradition Gone By?
Apologies to Clement C. Moore … ‘Twas a Sunday in December, as day turned to night. Not a worry was stirring, all felt just right. No work tomorrow, no Sunday night dread. Just watching the Packers pull ahead! The TV was glowing, a warm, steady light. The Christmas tree twinkled, so peaceful and bright! There were no emails to answer, no meetings to plan. Just … Continue reading ‘Twas A Sunday In December
I was chatting with a friend & neighbor recently about Social Security. Paul has just turned 65 and was thinking of jumping on SSI early (his full retirement age is 67). He thought the advantage might be that he could get “locked in” to a benefit before the government potentially cuts back SSI benefits for wealthier households. In thinking through the situation, I put together … Continue reading Social Security Revisited
My wife and I were already out looking at Christmas Lights on Friday night. The sun sets at about 4:30pm here in early December, so we got some hot cocoa at Starbucks, and enjoyed the red, green, and white glow of lights, blow molds, and inflatables. It’s an amazing amount of work that people put into these residential displays. Especially here in Minnesota where the … Continue reading Christmas Light Fight
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