I was 8 y/o in the 1950s when my father was taking his MBA at Syracuse U. I was asking him numerous things financial, one of which was, "How do you get rich?" His answer, "Two ways, real estate and/or stock market investing." Never forgot the latter.
A good idea. I did this for my mother's real estate and automobiles. One of the key requirements (in Colorado and Virginia) is that the real property be owned free-and-clear. (I'm not a lawyer)
Have you considered posting your question to the bogleheads.org forum. Vastly wider audience and many have experience in this area. https://www.bogleheads.org/forum/index.php
Two movies may offer some amusement into the acquisition game: https://www.imdb.com/title/tt13957560/ and https://www.imdb.com/title/tt0106356/ The first is about Gamestop itself; the second about the RJR Nabisco merger. Each offers glimpse into some of what Mr Grossman is describing. May be available through your library system.
How much of a hitch in your planning would occur if one of you were to die early, say like in January 2027? Or to suddenly need LTC for several years or more?
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I was 8 y/o in the 1950s when my father was taking his MBA at Syracuse U. I was asking him numerous things financial, one of which was, "How do you get rich?" His answer, "Two ways, real estate and/or stock market investing." Never forgot the latter.
Post: How financially illiterate are Americans?
Link to comment from June 21, 2026
If you have a, "Don't answer the phone to unknown callers." rule, apply it to unknown door knockers as well. Has worked for me for decades now.
Post: He Said I Wasn’t Very Nice
Link to comment from June 19, 2026
I agree. RDQ, isn't it time to move on?
Post: Many seniors think we paid for our Social Security benefits based on the FICA taxes we paid. Let’s dispel that myth- we didn’t
Link to comment from June 16, 2026
AA = 50/48/2 (equities, bonds, cash) 50% = VTSAX + VFIAX (total stock + S&P500 indexes) 49% = VSBSX (short-term treasury index) 2% = VUSXX (treasury MMF) No muss, no fuss. Retired 15 years.
Post: What’s in your portfolio ?
Link to comment from June 14, 2026
A good idea. I did this for my mother's real estate and automobiles. One of the key requirements (in Colorado and Virginia) is that the real property be owned free-and-clear. (I'm not a lawyer)
Post: The Financial Stress a Simple Document Could Have Prevented
Link to comment from May 24, 2026
"If you can't see the truck's side mirrors, he can't see you."
Post: HumbleDollar’s HumbleDrivers
Link to comment from May 14, 2026
Have you considered posting your question to the bogleheads.org forum. Vastly wider audience and many have experience in this area. https://www.bogleheads.org/forum/index.php
Post: Best method for buying home for permanently disabled daughter (SSI and ABLE account)
Link to comment from May 14, 2026
When I was a kid I lived in France. The gas price on the USArmy military base was 5 cents / gallon.
Post: My Recent Fill-up
Link to comment from May 14, 2026
Two movies may offer some amusement into the acquisition game: https://www.imdb.com/title/tt13957560/ and https://www.imdb.com/title/tt0106356/ The first is about Gamestop itself; the second about the RJR Nabisco merger. Each offers glimpse into some of what Mr Grossman is describing. May be available through your library system.
Post: Pricing the Impossible
Link to comment from May 9, 2026
How much of a hitch in your planning would occur if one of you were to die early, say like in January 2027? Or to suddenly need LTC for several years or more?
Post: How it all pencils out–or at least, we hope so! (Our Big “Little” Move, Part 3)
Link to comment from April 23, 2026