AUTHOR: Kenneth Tobin on 7/17/2024 FIRST: Rick Connor on 7/17/2024 | RECENT: Rick Connor on 7/17/2024
Comments
You need an advisor more than anything to control your emotions. Investing in a FEW!!! index funds is simplicity and low fees. For the uninformed read Bogle, Malkkiel, and Nick Murray(Simple Wealth). Simple Wealth was a gam,e changer in how I manage my 3 kids assets; 100% equities
I never did as I won the game investing from 75-2000. Lost out in this bull my but never lost an iota of sleep living off unearned income for 26yrs now.
You get to a point when you won the game and lighten up to avoid another black swan event or a political nightmare
Advantage plans are captivated in that the md provider gets a check for X number of pts on a steady basis if he sees you or not. I saw this in NJ Dental Medicaid and its a vv poor system leading to prioritizing pts
My philosophy in retirement is to have a portfolio that allows me to sleep well
Of course you need to understand SORR. ask yourself at retirement if you could afford a 50% equity loss and maintain lifestyle. That has happened twice this century. Just be a well educated investor and use index funds as that's the 50yr proven method superior to any other methodology
Every patientnt in the US for the most part is paying a different fee than anyone else. It is a bookkeeping nightmare. Go in to a pharmacy and you might pay a buck or 60 cents to fill a script as I did last week. KISS is the best system and pay our docs the fees they do deserve
The overwhelming majority of these charlatans that call themselves advisors are just that; quacks. If you really cannot buy index funds on your own, do hire a fee based CFP
Comments
You need an advisor more than anything to control your emotions. Investing in a FEW!!! index funds is simplicity and low fees. For the uninformed read Bogle, Malkkiel, and Nick Murray(Simple Wealth). Simple Wealth was a gam,e changer in how I manage my 3 kids assets; 100% equities I never did as I won the game investing from 75-2000. Lost out in this bull my but never lost an iota of sleep living off unearned income for 26yrs now. You get to a point when you won the game and lighten up to avoid another black swan event or a political nightmare
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Link to comment from November 6, 2025
Advantage plans are captivated in that the md provider gets a check for X number of pts on a steady basis if he sees you or not. I saw this in NJ Dental Medicaid and its a vv poor system leading to prioritizing pts
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Link to comment from October 29, 2025
I did a bunch of conversions to create an account for LTC with my eff tax rate in Florida at 20% on around 400k in income
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The last sentence sums it up brautifully my mantra is can you afford a 50% stock loss and maintain lifestyle
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Link to comment from September 21, 2025
My philosophy in retirement is to have a portfolio that allows me to sleep well Of course you need to understand SORR. ask yourself at retirement if you could afford a 50% equity loss and maintain lifestyle. That has happened twice this century. Just be a well educated investor and use index funds as that's the 50yr proven method superior to any other methodology
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Link to comment from September 2, 2025
65-75 gogo yrs. 75-85. slow go. 85-95 logo
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Link to comment from August 6, 2025
just read a book or two by bogle or malkiel or wm Bernstein to educate yourself. a 2nd grader can do it
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Link to comment from July 29, 2025
Been with Aetna for many yrs. Thought all the carriers had similar benefits Its only 20% of Medicare payment
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Link to comment from July 27, 2025
Every patientnt in the US for the most part is paying a different fee than anyone else. It is a bookkeeping nightmare. Go in to a pharmacy and you might pay a buck or 60 cents to fill a script as I did last week. KISS is the best system and pay our docs the fees they do deserve
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Link to comment from July 15, 2025
The overwhelming majority of these charlatans that call themselves advisors are just that; quacks. If you really cannot buy index funds on your own, do hire a fee based CFP
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Link to comment from July 14, 2025