My friend Shawn retired a few years ago from a big government job, but now he consults a bit to earn what he calls “stupid money”. It’s not money that he needs, but money that can be spent on some silly, stupid stuff that you might otherwise be too sensible to spend your retirement savings on. We just spent some stupid money, going to Walt … Continue reading “Stupid Money” Holiday
I waited a long time to get a look at my MegaCorp retiree health insurance benefits and they just arrived. It’s open enrollment time right now and I just booked my new insurance plan. As background, I worked at one MegaCorp for 24 years and a second for just 3. I’m an official retiree of the first one, where I went from temporary Administrative Assistant … Continue reading MegaCorp Retiree Health Coverage
President Trump once said, “the stock market does whatever the stock market wants to do.” Still, that didn’t stop him from claiming that his policies resulted in the ~75% growth in the S&P 500, following his election. The ‘Trump Bump’ got a lot of attention, but it’s worth noting that we’ve seen a nice ‘Biden Bump’ in the year following his election, too. The S&P … Continue reading The “Biden Bump”
We went to Target the other day for groceries and the bill came to $150. As we walked out to the Jeep to bring things home, my wife said, “I don’t even know what things are supposed to cost any more. Was that a good deal or did we overpay by a lot?” I agreed that inflation – year after year after year – begins … Continue reading Cut Those Prices In Half!
I just made my silliest investment ever. No, it’s not more cryptocurrency. I’m now a bona fide shareholder of the Green Bay Packers Professional Football Club. The Packers opened the sixth public stock offering in their franchise history earlier this week with 300,000 shares available at $300 per share. The $90 million raised will fund improvements at Lambeau Field in the heart of Titletown. The … Continue reading Biggest Investment Ever
Monday’s post about retirement benchmarks by age generated a lot of discussion. I think we all agree that few Americans have the sense to challenge our dubious cultural assumptions when it comes to personal finance. It also caused me to look back on this post from 2017 when I did the math on how quickly one could retire by saving HALF of their income …. … Continue reading ‘50% Rule’ Revisited
When I was starting in my career, it wasn’t clear to me how much we should have saved in our twenties & thirties. This was before the Internet and there was a real dearth of useful information available. Recently, my former MegaCorp Boss sent me an interesting article from Quicken that shared the median retirement savings and savings goals decade by decade for Americans. I … Continue reading Retirement Savings – Benchmarks & Goals
We had a great Halloween tonight. The weather was nice (43-degrees & clear), the Vikings were on Sunday Night Football, the World Series Game Five was on, and we had 128 trick-or-treaters come to the door. Our neighborhood usually has a lot of activity on Halloween, but last year was a real disappointment with the pandemic. A lot of parents kept their kids home, even … Continue reading Halloween Bounce Back
I saw a news segment earlier this week about the supply chain issues on the west coast and how it may impact toys at Christmas. The ‘Toy Industry Expert’ went out of his way to ensure everyone there would be plenty of toys from Santa Claus, but the news person did her best to try to create holiday hysteria anyway. I fell for it. Within … Continue reading An Early Start …
While this year’s dramatic price inflation is putting a big hit on our fixed pension, it’s doing wonders for our home value. Housing is one of the categories leading the inflation parade in 2021. This chart from YahooFinance shows how sharply the price increase has been over the past few years. The pandemic has brought on a huge spike. Prices are up 20% nationally versus … Continue reading Home, Sweetly Inflated, Home
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