James McGlynn CFA RICP®

Comments:

• Jonathan I'm reading this before I head out to Europe today. Premium economy is all I go for but I do recommend the American Express Centurion Club or its equivalent. Waiting in the lounge before flights not quite like First Class but helps a lot. I plan my trips to force me NOT to play pickleball every day-lets my body recover. Its amazing how many injuries healthy people have! I try to read about 1 book a week and I get them from the library's "new book shelf".

  Post: Wishing My Life Away

  Link to comment from April 8, 2023

• Saving in my Health Savings account is great but hard to build a large balance. Converting my IRA to a Roth IRA gradually is a lot more impactful and is harder as I have to pay tax today and "hope" the government doesn't find a way to take that tax break overtime.

  Post: What’s your favorite tax-savings strategy?

  Link to comment from March 30, 2023

• Save for your own retirement because no one else cares as much as you do.

  Post: How would you summarize your financial philosophy in one sentence?

  Link to comment from March 30, 2023

• Bing did remind me that March 10 2020 the World Health Organization declared a pandemic.

  Post: March of History

  Link to comment from March 26, 2023

• People usually buy term and don't renew when their kids are on their own.Not many 50 year olds buy 20 year term policies. Agreed if they still had existing term it would have been a good "investment". Commenting on the deaths early in retirement the whole life policies would be beneficial in choosing single life pension payouts. But I agree most whole life policies are high commission products but as the policyholder ages, term policies become more expensive as eventually they payoff.

  Post: Third Time’s a Charm

  Link to comment from March 9, 2023

• This could be a companion piece to Dennis Friedman's recent article "Staying Alive". Of course in that instance they SHOULD have bought a lot of whole life policies. (;

  Post: Third Time’s a Charm

  Link to comment from March 9, 2023

• The hybrid LTC policies are the best compromise for this issue. Because the lump sum premium is spent before the insurance company is on the hook they are designed to be catastrophic coverage. i.e. after your lump sum is spent then the insurance company can pay indefinitely.

  Post: What I Don’t Own

  Link to comment from March 4, 2023

• You should look at hybrid LTC quotes. Instead of parking the $560000 somewhere(?) for a much smaller amount you could buy a hybrid LTC policy and actually be insured.

  Post: What I Don’t Own

  Link to comment from March 4, 2023

• Jim I'm the pickleball "Commissioner" where I play in Fort Worth. I agree the game is great especially for the tennis trained but the camaraderie with the various participants is equally beneficial. We have multiple 80-year olds who play and our 70-year olds competed in a tournament.

  Post: Pay to Play

  Link to comment from February 27, 2023

• Nice way to benefit from rising home values. On the other hand I heard yesterday that someone's monthly payment increased $300/month due to their rising home value. The increased home value meant the escrow account-which pays property taxes- was underfunded.

  Post: Pay No More

  Link to comment from February 10, 2023