Kurkyboy

Comments:

• The Social Security decision is something most people don’t spend enough time thinking about. While more complex strategies have been mostly phased out, it still behooves an individual or couple to think hard about how and when to claim. As an example of potentially poor planning, a retired couple starts drawing at age 62 at a reduced benefit. Several years later the higher earner passes away. The spouse graduates to the higher monthly benefit but, alas, it is not a great result since the benefit isn’t great having been taken originally at age 62.

  Post: A Place to Start

  Link to comment from January 11, 2023

• Started saving at 26. Took buyout at 60…bored still so back to work. Money isn’t everything that’s for sure.

  Post: Spending Their Future

  Link to comment from November 19, 2022

• Love the approach. We have five vehicles for four of us. Three Saab’s averaging 150,000 miles; a 2008 Audi Q7 with 200,000 miles and a 2002 BMW M5 with 195,000 miles. I do some of my own maintenance and have a great Indy mechanic to handle the rest. Just need to anticipate future part failures by keeping detailed records. The repair/maintenance per year is $3-4K. The depreciation cost is 0. The excise tax and insurance (except for the M5) is very low. Kirk in Boston

  Post: Driving Lessons

  Link to comment from January 17, 2022

• I would have taken my own advice and not traded my accounts as much

  Post: If you could live your financial life again, what would you do differently?

  Link to comment from January 1, 2022