Converted to a Roth to have a source of income for LTC if needed; all in CDS
tough to convert, pay 20-25% taxes then see a big mkt drop if its in equities??
And I also was referred to listen to a radio show where Burton malkiel was the guest. I bought his book and learned index investing; how has that worked over the last 50 yrs. NO ONE BEATS IT!!!! no one
my uncle a cpa referred me to a pension administrator to set up a defined benefit and profit sharing plan in 1975. Fortunately I was smart enough to rebuff their advice to use some of the contributions to buy life insurance. By being forced to make yearly contributions it created enough assets to allow me to retire comfortably earlier than the norm. Invest early and often and let compounding do its magic. Not rocket science
All you need to know about investing is index investing. Read first A RANDOM WALK DOWN WALL STREET TO LEARN why its the superior way to invest and then another book by bogle on funds or Wm Bernstein's book The 4 Pillars of Investing. That's all you need to know to invest better than the rest that are financially illiterate
Gotta keep portfolio VERY SIMPLE as in most homes one person is managing it all on their own; unfortunate but true but finance is now being taught throughout the country in high school
Comments
When I hear State Farm Insurance I cringe. In Ct you will knock your head against the wall trying to collect on Homeowners claim
Post: Financial Choices
Link to comment from September 14, 2026
Converted to a Roth to have a source of income for LTC if needed; all in CDS tough to convert, pay 20-25% taxes then see a big mkt drop if its in equities??
Post: Traditional or Roth
Link to comment from September 6, 2026
start early, invest 15-20% of gross income in VTI and you are a retiree with millions
Post: Luck, Stupidity, Automation and Inertia
Link to comment from July 4, 2026
And I also was referred to listen to a radio show where Burton malkiel was the guest. I bought his book and learned index investing; how has that worked over the last 50 yrs. NO ONE BEATS IT!!!! no one
Post: Luck, Stupidity, Automation and Inertia
Link to comment from June 30, 2026
my uncle a cpa referred me to a pension administrator to set up a defined benefit and profit sharing plan in 1975. Fortunately I was smart enough to rebuff their advice to use some of the contributions to buy life insurance. By being forced to make yearly contributions it created enough assets to allow me to retire comfortably earlier than the norm. Invest early and often and let compounding do its magic. Not rocket science
Post: Luck, Stupidity, Automation and Inertia
Link to comment from June 30, 2026
KISS-the simpler the portfolio in case someone one day needs to take it over 3-5funds MAX. anything else is a waste of time and energy
Post: What’s in your portfolio ?
Link to comment from June 26, 2026
Roth Conversions I did to provide around one million dollars all in safe assets; CDS. Would have hated to see losses after paying the taxes
Post: How do you prepare for the long term care cost as retiree?
Link to comment from June 25, 2026
All you need to know about investing is index investing. Read first A RANDOM WALK DOWN WALL STREET TO LEARN why its the superior way to invest and then another book by bogle on funds or Wm Bernstein's book The 4 Pillars of Investing. That's all you need to know to invest better than the rest that are financially illiterate
Post: How financially illiterate are Americans?
Link to comment from June 21, 2026
Gotta keep portfolio VERY SIMPLE as in most homes one person is managing it all on their own; unfortunate but true but finance is now being taught throughout the country in high school
Post: What’s in your portfolio ?
Link to comment from June 20, 2026
Great question. All you need is Total Stock Total Intl and Small Cap Index for the stock part of your portfolio. KISS
Post: What’s in your portfolio ?
Link to comment from June 16, 2026