Totally agree. For that matter, I would say the same pre-retirement, if you can comfortably achieve. Many, many are not fortunate enough to even reach retirement. Incredibly sad…
A wise man once said this: “I think the most important lens for viewing a one-off purchase is what percentage it represents of your total wealth. For example, if it’s 0.1% of your net worth, it’s barely worth the mental energy to deliberate over. If it’s 1%, you should probably think more delebritly before pulling the trigger.”
For those with an iPhone, you can setup a “Legacy Contact” that will allow someone to access your iPhone. There’s a code for them and they need to provide a copy of death certificate. They can find your passwords for everything. I also have all my critical contacts coded for easy searching; attorney, FA, etc.
I asked my financial advisor that very question; why rob one person when you can rob the bank. Additionally, there’s always a huge push to put all assets in one brokerage house for simplicity, which is easily understood, but what’s if there’s a a major breach there where monies are transferred out, not just data stolen. Wouldn’t it seem more fiscally prudent to have 1/3 of your identical portfolio across theoretically vanguard, fidelity and Schwab. Many people do that with their cash across banks for the 250k FDIC, an extra layer of protection.
I think the issue is the avg salary in America is about $50,000, and the insurance deductible for a family with decent coverage is $12,000 a year (In Network).
What people used to get arrested for in concert, and sports parking lots, along with sidewalks at the theater has somehow become a legitimate business practice for corporate America now.
Comments
Totally agree. For that matter, I would say the same pre-retirement, if you can comfortably achieve. Many, many are not fortunate enough to even reach retirement. Incredibly sad…
Post: Carpe diem – especially in retirement
Link to comment from February 5, 2026
A wise man once said this: “I think the most important lens for viewing a one-off purchase is what percentage it represents of your total wealth. For example, if it’s 0.1% of your net worth, it’s barely worth the mental energy to deliberate over. If it’s 1%, you should probably think more delebritly before pulling the trigger.”
Post: 3:26 AM: The Arithmetic of Anxiety (A Sleepless Night)
Link to comment from January 26, 2026
I’m pretty sure that’s been the case for decades
Post: Social Security is not going bankrupt, but that is not the full story
Link to comment from January 25, 2026
For those with an iPhone, you can setup a “Legacy Contact” that will allow someone to access your iPhone. There’s a code for them and they need to provide a copy of death certificate. They can find your passwords for everything. I also have all my critical contacts coded for easy searching; attorney, FA, etc.
Post: Financial Happiness
Link to comment from January 25, 2026
Try meditation. Not a cure all but helps considerably.
Post: Help Me Out People—Is This Just Me?
Link to comment from January 5, 2026
Enjoyed the Sanford and Son reference.
Post: Social Security – Why I Chose FRA
Link to comment from December 22, 2025
I asked my financial advisor that very question; why rob one person when you can rob the bank. Additionally, there’s always a huge push to put all assets in one brokerage house for simplicity, which is easily understood, but what’s if there’s a a major breach there where monies are transferred out, not just data stolen. Wouldn’t it seem more fiscally prudent to have 1/3 of your identical portfolio across theoretically vanguard, fidelity and Schwab. Many people do that with their cash across banks for the 250k FDIC, an extra layer of protection.
Post: Can we be completely safe?
Link to comment from December 18, 2025
I think the issue is the avg salary in America is about $50,000, and the insurance deductible for a family with decent coverage is $12,000 a year (In Network).
Post: Affordable is an interesting word – especially related to healthcare
Link to comment from December 17, 2025
What people used to get arrested for in concert, and sports parking lots, along with sidewalks at the theater has somehow become a legitimate business practice for corporate America now.
Post: Hit With Dynamic Pricing! Has this happened to you?
Link to comment from October 10, 2025
perhaps a misplaced finger… easy to do
Post: Right Day, On Time and at the Right Place: A Rare Trio
Link to comment from October 2, 2025