Although I only stumbled on Jonathan Clements late last year, I appreciate the decades of hard won wisdom I've been reading here. To wit... we cashed flowed a $30k truck for my husband a couple weeks ago. That would have been unheard of for me, or him, just 15 years ago. Getting a loan and carrying debt was de rigueur. At age 60 my husband was unexpectedly retired due to life-threatening illness in 2017 We had wisely puchased a private disability income replacement policy (an ounce of prevention.....) and between that and savings, it allowed me to stay home for a year without income to care for him in recovery, and not only avoid debt, but pay off the house a year later. Tremendous opportunites are available without debt. I think so many people accept it as the de facto status. Change it possible though. Great post David Powell.
So glad to see this. My little side hustle j.o.b. includes a few conversations every year helping IRA age RMD folks distinguish between the QCD and the regular charitable contributions made in part from RMDs. They're shocked to find out it's not what they thought it was.
Comments
Although I only stumbled on Jonathan Clements late last year, I appreciate the decades of hard won wisdom I've been reading here. To wit... we cashed flowed a $30k truck for my husband a couple weeks ago. That would have been unheard of for me, or him, just 15 years ago. Getting a loan and carrying debt was de rigueur. At age 60 my husband was unexpectedly retired due to life-threatening illness in 2017 We had wisely puchased a private disability income replacement policy (an ounce of prevention.....) and between that and savings, it allowed me to stay home for a year without income to care for him in recovery, and not only avoid debt, but pay off the house a year later. Tremendous opportunites are available without debt. I think so many people accept it as the de facto status. Change it possible though. Great post David Powell.
Post: Winning the Debt Game
Link to comment from April 26, 2025
Hear, hear!!
Post: Let’s Be Adults
Link to comment from April 26, 2025
So glad to see this. My little side hustle j.o.b. includes a few conversations every year helping IRA age RMD folks distinguish between the QCD and the regular charitable contributions made in part from RMDs. They're shocked to find out it's not what they thought it was.
Post: New in 2025 – Code Y on 1099-R box 7 for QCD’s
Link to comment from April 26, 2025