A few weeks ago, I published an article about the financial surprise of big repairs and expenses around the house. In the comments, regular reader, Thom, mentioned that he forecasts and accrues for these ‘personal capital expenditures’ – which can occur over years and decades – on an annual basis. The key to his approach is a spreadsheet that lists all of the major components … Continue reading Accruing For Home Repairs – Spreadsheet Download
I’ve been worrying about periods of high inflation since I started writing these posts over seven years ago. It wasn’t until these last 12 months that my worries were matched by reality. It doesn’t help that the politicians & media pundits keep trying to put a positive spin on things. The headlines have been ridiculous: Part of the challenge is I don’t know if the … Continue reading How Fast Is Inflation Really Rising?
It’s hard for folks to decide when to make the jump into retirement, so I was intrigued by a recent question on earlyretirement.org asking folks if they wish they would have retired earlier or worked a bit longer? About 65 people answered the question and I tallied the results below (taking out a few responses of people who weren’t retired yet) … – 36% said … Continue reading Earlier, Longer, Just Right?
Gas prices have gone up more than a $1 a gallon since last June, when I wrote this article about rising gas prices. Prices are up almost $2.25 in the last 18 months (+107%), according to GasBuddy.com tracking. Yikes. Last June, I estimated that each $1/gallon fuel rise was costing me an additional $1.7k/year, so now I guess we are more than double that … … Continue reading What To Do About Gas Prices?
We met some fellow Minnesotans down here in Florida yesterday. Unlike us, they jumped into investing in a Florida vacation cottage a couple years ago when they first got the urge. They snapped one up when the Margaritaville Orlando resort was relatively new and said they have already seen a couple hundred thousand dollars of appreciation. The colorful cottages are bright, nicely designed, and well-furnished. … Continue reading Investing in Vacationland Paradise
The bears are running through the financial media, with the 5% drop in the S&P 500 over the last week. I saw a headline on Friday that one of JP Morgan’s top analysts was predicting a 20% stock market sell-off. Another Wall Street ‘expert’ – John Hussman – believes that we could see a 70% market crash, led by sky-high tech stocks. The issues are … Continue reading Bears Starting To Run?
No story or insights to tell this Friday morning. I just have this simple post (from Reddit) that sums up the real secret of success … that there is no secret! HAVE A GREAT WEEKEND! Image Credit: Pixabay Continue reading Secret of Success?
We didn’t cash in any stock or appreciated assets in 2021, which kept our income pretty low. We just had some dividend income and I earned some pay from board work. Mostly, we just lived off of savings. Our accountant pointed out that married couples with income less than $80K pay 0% long-term capital gains tax. I hadn’t paid attention to that before, so we … Continue reading Capital Gains Wrinkle
I complained a lot about the economy in 2021. I didn’t like the trillions in debt-driven government spending and the ensuing inflation. Still, I acknowledged that the markets continued to rise – as the ‘Trump Bump’ became the ‘Biden Bump’. Yesterday, I tallied up how we finished the year with our portfolio. Our retirement savings were up an impressive +15%. Our gains were led by … Continue reading New Year’s Assessment
Prices are going up. Consumer price inflation ballooned to 6.8% in November as massive increases in government debt and supply-chain issues over the last year were reflected. The Fed & Biden believe they can get back to a 2% annual average target, but clearly that’s going to take some doing. Retirement plans are especially susceptible to rising prices as fixed investments, pensions, bonds, and social … Continue reading What’s The Impact Of Inflation On Your Retirement?