I am a retired physician who will be take traditional Medicare and the best possible MediGap plan (currently Plan G) when I become eligible next year. In 46 states (exceptions include NY, MA, CT, ME), once you pick Advantage Plan, you cannot go back to traditional Medicare.
Warren Buffet has set up a portfolio for his wife, upon his death. It is 90% in Vanguard total stock index and 10% in bond index. To me, that is the most aggressive one should be. 100% in stocks is not a good idea IMHO.
I have been following you since your WSJ days. But I only discovered Humble Dollar only recently. Your financial insights have been invaluable. I am sorry that you are dealing with cancer now and I wish you all the best. I have said a prayer for you. God Bless.
15 years ago, we purchased a Variable Annuity, a very small portion of our portfolio, with aggressive subaccounts (Tech mostly, and international stocks). One of us will have a pension stream from employment. Along with social security and dividends from stocks and bonds, we will have 4 income streams when we turn 65 next year. This should cover our essential spending (utilities, property taxes, food etc.)
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The Little Book that beats the market by Joel Greenblatt was very enjoyable, brief and highly educational for me.
Post: What’s the best financial book you’ve ever read?
Link to comment from June 27, 2024
https://www.financialsamurai.com/once-you-have-f-you-money-its-hard-to-tell-others-to-f-off/
Post: What do you need to feel financially secure?
Link to comment from June 25, 2024
I am a retired physician who will be take traditional Medicare and the best possible MediGap plan (currently Plan G) when I become eligible next year. In 46 states (exceptions include NY, MA, CT, ME), once you pick Advantage Plan, you cannot go back to traditional Medicare.
Post: Which is better, traditional Medicare or Medicare Advantage?
Link to comment from June 25, 2024
Warren Buffet has set up a portfolio for his wife, upon his death. It is 90% in Vanguard total stock index and 10% in bond index. To me, that is the most aggressive one should be. 100% in stocks is not a good idea IMHO.
Post: Is a 100% stock portfolio reckless?
Link to comment from June 24, 2024
FTHNX is the only actively managed fund I own. It is currently closed to new investors.
Post: What’s your favorite actively managed fund—if any?
Link to comment from June 24, 2024
I have been following you since your WSJ days. But I only discovered Humble Dollar only recently. Your financial insights have been invaluable. I am sorry that you are dealing with cancer now and I wish you all the best. I have said a prayer for you. God Bless.
Post: The C Word
Link to comment from June 24, 2024
Be fearful when others are greedy and be greedy when others are fearful. Warren Buffet.
Post: What’s your favorite financial quote?
Link to comment from June 22, 2024
15 years ago, we purchased a Variable Annuity, a very small portion of our portfolio, with aggressive subaccounts (Tech mostly, and international stocks). One of us will have a pension stream from employment. Along with social security and dividends from stocks and bonds, we will have 4 income streams when we turn 65 next year. This should cover our essential spending (utilities, property taxes, food etc.)
Post: What’s the best strategy for generating retirement income?
Link to comment from June 22, 2024
Dont own too much of one stock. We own a lot of BRK.
Post: What popular financial advice do you ignore?
Link to comment from June 22, 2024
Warren Buffet and Charlie Munger. Half of my portfolio is in BRK.
Post: Who has had the greatest influence on your financial thinking?
Link to comment from June 22, 2024