Jim led global communications, public relations and social media for a number of Fortune 500 technology firms before leaving the corporate world to pursue his passion for writing and storytelling. His book, “The Long Walk Home: How I Lost My Job as a Corporate Remora Fish and Rediscovered My Life’s Purpose,” was published in early 2022 by Blydyn Square Books.
LIKE MILLIONS of other Americans, I’m experiencing serious sticker shock when I gas up the car.
Last week, I was filling up my 2019 Ford F-150 and, for the first time ever, the bill topped $100. That was 21 gallons of regular unleaded at $4.85 a gallon.
Shelling out that kind of cash for a tankful of gas is hard enough for working folks. But for those of us who are retired and living on a set income,
YOU MIGHT WANT to check your mailbox. Mr. Market has been sending around a book of discount coupons on some great index funds and individual stocks.
Twenty-two percent off the S&P 500’s closing high set earlier this year. Seventeen percent off the Dow Jones Industrial Average. How about a whopping 33% off the Nasdaq Composite?
Still kicking yourself for not scooping up Amazon’s stock (symbol: AMZN) in early 2020 when it was—adjusted for the recent stock split—below $100?
WITH THE MARKETS in a tizzy this year due to roaring inflation and the war in Ukraine, I’ve been kicking myself for not listening to my gut. At issue: an investment decision I made last fall.
When I left the corporate world in September, I took with me the 401(k) balance I’d built up over my five years with my former employer. I’d been aggressive with my investment choices in that 401(k), stashing half the account in Vanguard Small-Cap Growth Index Fund (symbol: VSGAX) and half in Vanguard Mid-Cap Index Fund (VIMAX).
WELL, I’M SIX MONTHS into my retirement from the corporate world. How are things going? Any regrets? Any big surprises?
No regrets, for sure. I knew that leaving the workplace at age 61 would be a tradeoff of freedom gained versus money forgone. But I had a second-act dream to pursue—becoming an author—and, for me, that tradeoff was worth going for. So far, it has been. I have my first book out and another in the works.
WHEN I STOPPED at CVS the other day to pick up a new charging cable for my iPhone, I was reminded just how woefully out of fashion I am.
The young lady behind the counter handed me a box from the rack and watched as I took the cable out to make sure it was the right one. I guessed her to be in her early 20s. She was wearing a pair of those huge loopy earrings that you could jump hoops through out in the parking lot.
ONE OF THE GREAT pleasures of having grown children is seeing them do things better than you ever did.
My son, who’s in his mid-20s, is already well beyond me in terms of investments. When I was his age, I was still bouncing around in grad school, living off teaching stipends and dreaming of one day being a novelist. I had no concept of what a mutual fund was, how to trade stocks and bonds,
I WAS RECENTLY talking with a younger acquaintance about my decision to leave the workforce early. I’d left a demanding career to pursue my personal passions, while I was still young and healthy enough to do so.
My acquaintance is in his early 30s. He’s single and makes a boatload of money working in IT for a pharma company. He’s also a big proponent of the FIRE (financial independence-retire early) movement. He takes part in Reddit boards and reads every investment article he can get his hands on.
I JUST TURNED 62. That’s the milestone age when so much of the magic—and the decision-making—of retirement begins to happen.
For the record, although I recently left the workforce early to pursue a long-simmering passion for writing, I won’t be starting Social Security payments early. Nor—unless something changes health-wise—do I intend to begin distributions from my IRAs any time soon. Before I go down those two routes, I plan to live off my taxable-account savings and minimal dividend income for as long as I can.
A STRANGE THING is happening in corporate America right now.
The job market is booming, and companies are offering bonuses and salary increases to find and keep good people. Yet experienced workers are leaving their jobs in droves. The Labor Department reported that a record number of Americans have recently quit their jobs, part of what pundits are calling “the Great Resignation.”
I’m one of them. After 30 years leading global communications and public relations programs for multi-billion-dollar technology companies,
