For some people saving/investing their excess money is … well … icky. They don’t want to have to think about it. Advisors can provide good value for them. My guess is that most HD readers enjoy the challenge of where to save/invest. So advisors may not provide good value to us. Blessedly, everyone is different. What a boring World it would be if we were all the same.
We saw all the kids, their spouses, and our grandkiddies for a long, lazy buffett style lunch. Some went on to their parents. Some stayed most of the afternoon. Exhausting. But fun!!! It’s great living close driving distance near all our children!
Baby Boomers: All music (after a certain date) is just ‘noise’.
Our music is the greatest music since Bach/Beethoven/Mozart. Baby Boomer Parents: Turn down that noise! Under 40: Taylor Swift (or whomever) writes the greatest music since Bach/Beethoven/Mozart.
We have made no recent changes. 6 years ago, after my wife fully retired, we started taking money out of our largest (by value) stock mutual fund and putting it into a 5 year CD. Now we have a CD ladder. When one matures we take some additional funds (varies by how we feel) from whichever is our largest by value mutual fund, add that amount to the amount in the CD that is rolling over and buy another 5 year term CD. As I have posted before, we are fortunate enough that our Social Security and Pensions are more than sufficient to pay our typical expenses. We haven’t needed to touch our IRAs.
As I believe I have written before, we both took our Social Security as soon as we could. We figured the kids could inherit our other financial assets (not our pensions either) but not the Social Security. My personal financial goal now is to leave as much money as possible to the kids. Or my wife if I go first.
Situational awareness is always important.
When your in your 70’s even the tiniest thing can trip you up. Pay attention! Also … Proprioception - is the awareness of where your body is in space, which helps you balance, move and coordinate your actions.
Comments
For some people saving/investing their excess money is … well … icky. They don’t want to have to think about it. Advisors can provide good value for them. My guess is that most HD readers enjoy the challenge of where to save/invest. So advisors may not provide good value to us. Blessedly, everyone is different. What a boring World it would be if we were all the same.
Post: The Silent Compounding Cost of a 1% Fee
Link to comment from May 13, 2025
We saw all the kids, their spouses, and our grandkiddies for a long, lazy buffett style lunch. Some went on to their parents. Some stayed most of the afternoon. Exhausting. But fun!!! It’s great living close driving distance near all our children!
Post: How was your Mother’s Day?
Link to comment from May 12, 2025
“I had been a bit lost and depressed…” Grandchildren, for me at least, are a cure for that. even better tan re-reading one of my old, favorite books.
Post: Staying Alive
Link to comment from May 11, 2025
Baby Boomers: All music (after a certain date) is just ‘noise’. Our music is the greatest music since Bach/Beethoven/Mozart. Baby Boomer Parents: Turn down that noise! Under 40: Taylor Swift (or whomever) writes the greatest music since Bach/Beethoven/Mozart.
Post: Generational Perspective
Link to comment from May 9, 2025
mmmm delicious! That sounds like the type of meal my wife and I try to go out for once a week. All those leftovers are a big plus.
Post: Quinn questions the value of a seven inch matzah ball in a $33 bowl of chicken soup?
Link to comment from May 8, 2025
We have made no recent changes. 6 years ago, after my wife fully retired, we started taking money out of our largest (by value) stock mutual fund and putting it into a 5 year CD. Now we have a CD ladder. When one matures we take some additional funds (varies by how we feel) from whichever is our largest by value mutual fund, add that amount to the amount in the CD that is rolling over and buy another 5 year term CD. As I have posted before, we are fortunate enough that our Social Security and Pensions are more than sufficient to pay our typical expenses. We haven’t needed to touch our IRAs.
Post: Ch-Ch-Changes?
Link to comment from May 6, 2025
As I believe I have written before, we both took our Social Security as soon as we could. We figured the kids could inherit our other financial assets (not our pensions either) but not the Social Security. My personal financial goal now is to leave as much money as possible to the kids. Or my wife if I go first.
Post: Buying an Annuity from the SSA
Link to comment from April 30, 2025
Crypto? I don’t even do Real Estate.
Post: Any Crypto Investors?
Link to comment from April 27, 2025
Situational awareness is always important. When your in your 70’s even the tiniest thing can trip you up. Pay attention! Also … Proprioception - is the awareness of where your body is in space, which helps you balance, move and coordinate your actions.
Post: Three Points to Avoid Injuries
Link to comment from April 27, 2025
Ormode, exactly right. You gotta play the hand with the cards you’ve been dealt. And not the ones you might want.
Post: Let’s Be Adults by Jonathan Clements
Link to comment from April 24, 2025