We’re sitting down with our financial planner on Monday for our annual portfolio checkup. The key issue we need to think through is the relative balance of our portfolio between safe/less safe investments and those which are liquid/illiquid. When we bought our condominium in Celebration FL in February, I was a bit concerned our portfolio would be getting a bit heavy in real estate. In … Continue reading Rebalancing Act
I often read articles & posts where young people are bemoaning their financial lot in life. They complain about student debt. The gripe about limited opportunities. The grouse about job prospects. I’ve always believed they were being prematurely pessimistic. Yes, the economy is a bit ‘wobbly’ these days – but there is no crisis. Sometimes it seems everyone wants to play the victim these days. … Continue reading Every Generation Better …
Wow. I cannot believe how high inflation has soared over the past few years. High inflation has been my biggest concern since we early retired. I’ve probably written 15 posts worrying about what may happen to our FIRE plans if high inflation came as a result of the economic Pol-idiots in Washington DC. A few favorites: Cut Those Prices In Half! IRS Changes Don’t Keep … Continue reading Who’s Afraid of Inflation?
A quick post on April Fool’s Day today. I saw this post in a FIRE group recently and thought I’d share the person’s question and my response … POST: I am very close to retiring. I am 56, married, and have four kids. Three are adults and one nearly out of high school. I have planned well and can retire and seek freedom and flexibility … Continue reading Feeling Guilty? Nah.
File this under “Things I’m Thankful For, But Have No Control Over”. The S&P 500 is off to a blazing start in 2024. Q1 is ending, and the index is already up double-digits (10.1%). It’s the U.S. equity market’s best start since 2019! I know, a quarter isn’t much to be excited for, but the U.S. market has really been rocking for a full decade … Continue reading Two Different Worlds
Our home state of Minnesota regularly shows up at the top of the list of states with the highest taxes in the USA. A few years ago, Kiplinger’s named Minnesota – not California or New York – as the country’s “Least Tax Friendly State”. As many Minnesotans have left the state for low taxes & warm weather in Florida, many have suggested we join them. … Continue reading Department of Residency
A few years ago, I wrote about my hobby of collecting antique Shiny Brite Christmas ornaments from the 1940s-1960s. Since I retired in 2016, I’ve probably collected upwards of 50 of them. Among all of the things you could collect, Shiny Brites were very affordable. I’d pick up a glass lantern, UFO, or a curvy tree for just $4-$6 on average. If I found a … Continue reading Inflationary Christmas Treasures
When I was a corporate officer at MegaCorp, you were expected to maintain a certain % of your annual salary in company stock. I forget the exact amount, but I think it was 2-3x your annual total compensation. It wasn’t too hard, given the company had been doing well and we all had stock grants and stock options. Still, as personal finance matriarch, Jane Bryant … Continue reading Looking At Returns Over Time
In the world of personal finance and saving for the future, there’s always a new trend that is said to be making waves. The latest one is called “soft saving” – I just heard about it. In “soft saving,” the traditional wisdom of working hard, saving diligently, and retiring early is being challenged by a generation that values experiences and personal growth over accumulating wealth. … Continue reading Soft Saving Approach
Debt is a four-letter word for anyone looking to retire early. In fact, it should be for everyone. Still, despite our relative prosperity, Americans are more in debt than ever. It looks like total consumer debt is 15% higher than it was before the pandemic. All of the stimulus money had only a temporary impact on debt levels … It’s one thing to be sitting … Continue reading Debt Getting Very Expensive
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