jayne brownlee

Comments:

• I am compelled to refute the notion that a 401k Plan loan is always a bad idea. I made such loans as part of my job for some 14 years. I always advised those interested should also have a second readily accessible loan opportunity. Those alternate loan opportunities always came with less desirable terms making the 401k loan most appealing. One should also be able to continue to contribute to the Plan while paying down such loans. The amount has to be manageable at all times, an stable value allocation so to speak. I ran test scenarios regularly to demonstrate that responsible employees benefit from such programs.

  Post: Affordable Mistakes

  Link to comment from August 30, 2023

• I'm retired do not have a pension and have roughly half of financial assets in post-tax and half in pre-tax accounts. My basic strategy is to subtract a large sum from the total available, for potential end of life needs, calculate an annual distribution from the remaining amount and subtract 10-20% from that amount to account for market downturns. The tax-savings strategy here, has always been not to wait to take distributions but rather to spread the distributions out over my lifetime.

  Post: What’s your favorite tax-savings strategy?

  Link to comment from April 10, 2023

• While a smart man, I don't think Dad was aware of dollar cost averaging as defined. But he did suggest investing a small amount in individual stocks. I do follow that advice when investing in individual stocks, buy in lots over a period of months and or years in down markets.

  Post: What money advice do you recall hearing from your parents?

  Link to comment from April 10, 2023

• It definitely could although probably rarely. I might choose to do so when considering variability/volatility, steadiness of income stream, taxation consequences and indecisiveness about alternatives.

  Post: Does it ever make sense to buy actively managed funds?

  Link to comment from April 10, 2023

• So, what do you invest in? Do you keep 10 to 15 investments that provide alternative income streams, different investment classes?

  Post: What I Don’t Own

  Link to comment from March 8, 2023