Currently, we are 69% stocks, 31% bonds. My wife retired 10 years ago and I retired 5 years ago. We each have pensions with COLA's and the pensions more than handle our monthly expenses. Our target date funds will manage the rebalancing as we move toward 2035. Seems that is their easy-to-use purpose!
I believe the value of Humble Dollar is the opportunity to hear from others on topics of shared interest and to understand from their writings that we don't all do things or see issues in the same light. I like my budget spreadsheets but understand Mr. Quinn's approach and how that works for him. In reality, don't we all use what works for us?
An article in today's newspaper -- yes, the print variety -- quotes a report from the programs' trustees released June 18 that says the Medicare hospital insurance trust fund (part A) will have insufficient funds in 2033 and the Social Security trust fund will be unable to pay full benefits beginning in 2034, instead of the prior estimate of 2035. The article says SS would then be able to pay 81% of benefits. So, this update about half a year later, provides only a slightly different picture. The one thing that remains consistent is that lawmakers continue to defer any type of corrective action.
Reading all these responses is very interesting! The only part of my pension that I count in our net worth is the portion that is saved or invested. When we begin taking SS, our net worth will just increase a little quicker than it does now. No mathematical calculations needed for income sources of unknown continuity. That said, we DO understand the value of those income sources to our financial picture.
Comments
We did the same!
Post: Rethinking Rebalancing by Jonathan Clements
Link to comment from July 3, 2025
Currently, we are 69% stocks, 31% bonds. My wife retired 10 years ago and I retired 5 years ago. We each have pensions with COLA's and the pensions more than handle our monthly expenses. Our target date funds will manage the rebalancing as we move toward 2035. Seems that is their easy-to-use purpose!
Post: Rethinking Rebalancing by Jonathan Clements
Link to comment from July 3, 2025
Great list! Think I do ok on 6, but need to work on 7 and 8.
Post: 70 years old
Link to comment from July 2, 2025
Congratulations! Keep on writing for HD!
Post: Today’s the Day!
Link to comment from July 1, 2025
I believe the value of Humble Dollar is the opportunity to hear from others on topics of shared interest and to understand from their writings that we don't all do things or see issues in the same light. I like my budget spreadsheets but understand Mr. Quinn's approach and how that works for him. In reality, don't we all use what works for us?
Post: A new challenge for RDQ
Link to comment from June 25, 2025
I agree completely with your first sentence, and enjoy looking at others' spreadsheets to see if I can figure out what they're doing.
Post: A challenge just for fun from RDQ.
Link to comment from June 24, 2025
An article in today's newspaper -- yes, the print variety -- quotes a report from the programs' trustees released June 18 that says the Medicare hospital insurance trust fund (part A) will have insufficient funds in 2033 and the Social Security trust fund will be unable to pay full benefits beginning in 2034, instead of the prior estimate of 2035. The article says SS would then be able to pay 81% of benefits. So, this update about half a year later, provides only a slightly different picture. The one thing that remains consistent is that lawmakers continue to defer any type of corrective action.
Post: Status of the Social Security and Medicare Programs
Link to comment from June 19, 2025
Reading all these responses is very interesting! The only part of my pension that I count in our net worth is the portion that is saved or invested. When we begin taking SS, our net worth will just increase a little quicker than it does now. No mathematical calculations needed for income sources of unknown continuity. That said, we DO understand the value of those income sources to our financial picture.
Post: Should you include SS and pensions in your net worth?
Link to comment from June 16, 2025
Thanks Norman. Will have to check into the certificate thing. Ours is black text on off-white paper.
Post: Social Security Personal Update
Link to comment from June 13, 2025
Thanks Richard. Good to know.
Post: Social Security Personal Update
Link to comment from June 13, 2025