There are so many ways to go with this decision. Let me offer a completely different take. I think it is far more important where my children went to high school. HS lays the foundation for success in college. Writing, math, the sciences. My girls were lucky to be able to go to the one of the best public high schools in our state and got a great foundation for college. Both had over 30 hours of college credit though AP classes and dual enrollment. Both went to great colleges, did well and are professionals now. I had a terrible HS and struggled big time in college. I managed though hard work and sympathetic professions and grad students. It was a good college but I had no chance at any great name college.
Instead of chasing yield on my cash I chase simplicity. Since my taxable account is on the Schwab platform I just keep it in their money market and couldn’t care less what the rate is. Am I losing a few dollars by not seeking out the highest yield absolutely do I have peace of mind knowing exactly where my cash is and I can simply transfer it to my checking account , yep.
Thanks for sharing your experience. I’m sure I’m the only one who made every possible mistake in investing. My biggest regret is trusting several “investment advisors” until they proved to me they were not worth my trust. Finally at 65 I believe I know enough to handle my own money. I no longer need or want to chase high returns, Index funds in the broad market are sexy enough for me. Since have two many stocks that have hugh gains so not sure what to do with them because I’m not going to pay big capital gains to to move them into a index fund. Yes they are in my taxable account. But I think it’s a good problem to have. Thanks
I used to get upset over health insurance premiums, even argued with my agent that I was healthy, had good lab results, why should I have to have insurance. My car insurance would pay if I was injured in a wreck which was in my stupid mind was the only likely risk. My agent prevailed and I once again signed up for a good plan......then out of left field discovered I have stage 4 prostate cancer!! (my PSA had been normal for years). So, I've paid very little out of pocket and probably had over two hundred thousand in medical costs so far. My agent is getting a nice Christmas present!
Someone once said passing on things of value with a warm hand is better than a cold one... I've been guided by that now over the years and more so now that I've been diagnosed with stage 4 prostate cancer. I feel good that my daughters who are now both professionals, will make good decisions, and frankly any financial wisdom I have was earned the hard way, by making bone headed mistakes, which I'm sure they will too. Cheers.
Comments
There are so many ways to go with this decision. Let me offer a completely different take. I think it is far more important where my children went to high school. HS lays the foundation for success in college. Writing, math, the sciences. My girls were lucky to be able to go to the one of the best public high schools in our state and got a great foundation for college. Both had over 30 hours of college credit though AP classes and dual enrollment. Both went to great colleges, did well and are professionals now. I had a terrible HS and struggled big time in college. I managed though hard work and sympathetic professions and grad students. It was a good college but I had no chance at any great name college.
Post: $92,000 a year is quite an investment. The ROI is real, but maybe not.
Link to comment from December 13, 2025
Instead of chasing yield on my cash I chase simplicity. Since my taxable account is on the Schwab platform I just keep it in their money market and couldn’t care less what the rate is. Am I losing a few dollars by not seeking out the highest yield absolutely do I have peace of mind knowing exactly where my cash is and I can simply transfer it to my checking account , yep.
Post: Where to Keep Cash
Link to comment from December 6, 2025
As soon as I saw it was The Atlantic bashing index funds. I stopped reading thanks Adam.
Post: Index Fund Bubble
Link to comment from December 6, 2025
Thanks Dan
Post: My Investing Journey, Just Do It
Link to comment from December 3, 2025
Thanks for sharing your experience. I’m sure I’m the only one who made every possible mistake in investing. My biggest regret is trusting several “investment advisors” until they proved to me they were not worth my trust. Finally at 65 I believe I know enough to handle my own money. I no longer need or want to chase high returns, Index funds in the broad market are sexy enough for me. Since have two many stocks that have hugh gains so not sure what to do with them because I’m not going to pay big capital gains to to move them into a index fund. Yes they are in my taxable account. But I think it’s a good problem to have. Thanks
Post: My Investing Journey, Just Do It
Link to comment from December 3, 2025
I used to get upset over health insurance premiums, even argued with my agent that I was healthy, had good lab results, why should I have to have insurance. My car insurance would pay if I was injured in a wreck which was in my stupid mind was the only likely risk. My agent prevailed and I once again signed up for a good plan......then out of left field discovered I have stage 4 prostate cancer!! (my PSA had been normal for years). So, I've paid very little out of pocket and probably had over two hundred thousand in medical costs so far. My agent is getting a nice Christmas present!
Post: Health Insurance Double Take
Link to comment from November 22, 2025
Someone once said passing on things of value with a warm hand is better than a cold one... I've been guided by that now over the years and more so now that I've been diagnosed with stage 4 prostate cancer. I feel good that my daughters who are now both professionals, will make good decisions, and frankly any financial wisdom I have was earned the hard way, by making bone headed mistakes, which I'm sure they will too. Cheers.
Post: Letting Go
Link to comment from July 28, 2025
So taking the money sooner, to invest longer is better??
Post: Help! Why is the total lifetime accumulated Social Security benefit more important than the monthly amount?
Link to comment from July 28, 2025
The most understandable commentary on SSI I've read! thanks!
Post: Help! Why is the total lifetime accumulated Social Security benefit more important than the monthly amount?
Link to comment from July 28, 2025
As a retired labor lawyer, we would have gotten along very well. Never understood why some clients wanted to pick fights over silly stupid stuff.
Post: Quinn asks, is there anything wrong with keeping it simple?
Link to comment from July 5, 2025