Thank you for admonishing me, Jonathan.
I agree that my comment was a bit snarky, and I apologize to Mr. Friedman. I was really admiring Mr. Quinn's continued show of compassion for the poor financial condition that many (a majority?) of American seniors and retirees find themselves in, for a myriad of reasons, but probably mostly due to their relative (to Humble Dollar readers) low lifetime income. I know that HD article contributors and commentors do their best to give good advice and try to help others, and I thank and applaud them for that. BTW: I thank my parents, who gave my wife and I $6,000 and lent us another $6,000 for a total of a $12,000 down payment (20%) toward the purchase price of $60,000 for our first house in Concord, CA in 1975, And I also thank Lady Luck for our lifetime of good health, good paying jobs, healthy, happy and successful children and no personal misfortunes. I gave your comment a thumbs up and my comment a thumbs down.
Thank you for pointing out the financial condition that most retirees in America find themselves in today, where the vast majority of them did not inherit the house they live in that is worth upwards of $1,000,000 today.
("We were lucky to inherit our home from my parents.")He didn't also mention the fact that his property taxes are VERY low due to the fact that he inherited his parents low assessed value (because it was purchased by them many years ago) and CA Proposition 13 caps our yearly assessed value increase at 2%.(I also live in Irvine, CA)I think Mr. Friedman should be thanking his parents and Lady Luck every day for his wonderful retirement.
Comments
Thank you for admonishing me, Jonathan. I agree that my comment was a bit snarky, and I apologize to Mr. Friedman. I was really admiring Mr. Quinn's continued show of compassion for the poor financial condition that many (a majority?) of American seniors and retirees find themselves in, for a myriad of reasons, but probably mostly due to their relative (to Humble Dollar readers) low lifetime income. I know that HD article contributors and commentors do their best to give good advice and try to help others, and I thank and applaud them for that. BTW: I thank my parents, who gave my wife and I $6,000 and lent us another $6,000 for a total of a $12,000 down payment (20%) toward the purchase price of $60,000 for our first house in Concord, CA in 1975, And I also thank Lady Luck for our lifetime of good health, good paying jobs, healthy, happy and successful children and no personal misfortunes. I gave your comment a thumbs up and my comment a thumbs down.
Post: Better Than Ever
Link to comment from February 1, 2025
Oh G-d, I hope your MIL doesn't read your post.
Post: Better Than Ever
Link to comment from February 1, 2025
Thank you for pointing out the financial condition that most retirees in America find themselves in today, where the vast majority of them did not inherit the house they live in that is worth upwards of $1,000,000 today. ("We were lucky to inherit our home from my parents.") He didn't also mention the fact that his property taxes are VERY low due to the fact that he inherited his parents low assessed value (because it was purchased by them many years ago) and CA Proposition 13 caps our yearly assessed value increase at 2%. (I also live in Irvine, CA) I think Mr. Friedman should be thanking his parents and Lady Luck every day for his wonderful retirement.
Post: Better Than Ever
Link to comment from February 1, 2025