Hi, I'm a lawyer licensed in Ohio and Kentucky, practicing real estate law in Cincinnati. Since 2009, one of my favorite hobbies has been personal finance. I listen to podcasts and read books and articles to quench my interest. Other than posting here, my lovely wife and two daughters keep me plenty happy and busy. Check out my HD articles.
I got the call
12 replies
AUTHOR: Ben Rodriguez on 2/6/2026
FIRST: 1PF on 2/6 | RECENT: Jeff Peck on 2/8
I accidently Coast FIRE'd. Can I stop saving?
6 replies
AUTHOR: Ben Rodriguez on 1/2/2026
FIRST: Mark Crothers on 1/2 | RECENT: David Lancaster on 1/3
Can we be completely safe?
35 replies
AUTHOR: Ben Rodriguez on 12/17/2025
FIRST: bbbobbins on 12/17/2025 | RECENT: Cammer Michael on 12/26/2025
Is now the time to go long in bonds?
7 replies
AUTHOR: Ben Rodriguez on 7/3/2025
FIRST: quan nguyen on 7/3/2025 | RECENT: BMORE on 7/4/2025
Ever heard Down the Middle?
5 replies
AUTHOR: Ben Rodriguez on 7/1/2025
FIRST: Jonathan Clements on 7/1/2025 | RECENT: Ben Rodriguez on 7/3/2025
Should all Americans pay federal income tax?
27 replies
AUTHOR: Ben Rodriguez on 3/17/2025
FIRST: R Quinn on 3/17/2025 | RECENT: Liam K on 3/25/2025
The Long View Podcast: Jonathan Clements: 'Life Is Full of Small Pleasures'
9 replies
AUTHOR: Ben Rodriguez on 10/15/2024
FIRST: Jeffrey Rapp on 10/15/2024 | RECENT: Jack Hannam on 10/16/2024
How and when did you find out about HumbleDollar?
15 replies
AUTHOR: Ben Rodriguez on 9/25/2024
FIRST: Ken Cutler on 9/25/2024 | RECENT: 1PF on 9/26/2024
Did you retire in or around year 2000? If so, how's it going?
5 replies
AUTHOR: Ben Rodriguez on 6/20/2024
FIRST: Jonathan Clements on 6/21/2024 | RECENT: Richard Hayman on 7/6/2024
AT LEAST ONCE A YEAR, I watch the hilarious short YouTube clip by personal-finance author JL Collins. If you aren’t around small children and can handle liberal use of America’s favorite four-letter word, check it out. Some may recognize it as a parody of actor John Goodman’s soliloquy from the film The Gambler starring Mark Wahlberg.
The clip, however, is more than just entertaining. Its content is what keeps me and, judging from the half-million views,
WHEN I WROTE ABOUT the Dow Jones Industrial Average reaching 35,000 in 2021, it’ll surprise few to hear that I—like the stock market—was euphoric. I’ll confess that in 2022, as stocks plunged, I felt silly for having written the article.
But here I am again, writing about the latest milestone for our old friend. After flirting with the number in mid-March, the Dow hit an intraday high topping 40,000 on May 16 for the first time in its history.
MY WIFE AND I ARE super-savers. For us, that means we save as much as permitted each year in the retirement plans available to us. Once we’ve done that, we invest in our regular taxable accounts, where there’s no limit on the amount we can contribute.
We’re under age 50. That meant that, in 2022, the maximum contribution was $6,000 each to our IRAs and $20,500 each to our 401(k)s. Because the contribution limits increase with inflation,
IN FALL 2021, I WROTE about my father-in-law’s impending death due to cancer. He died a few months after publication. I had the honor of writing his obituary. Like my wife and her family, I have found myself wanting to call him many times since he died.
I was born in the early 1980s. That means that, until very recently, all I’ve known is a falling interest rate environment. People from my father-in-law’s generation knew environments like today—when interest rates and inflation rose together,
FOURTEEN YEARS AGO, my father-in-law was diagnosed with a blood cancer—multiple myeloma—and given five years to live. Ever since, he’s been battling it like a warrior. But he’s dying now, and he won’t be around much longer.
My father-in-law grew up without money to Depression-era parents. He earned his way into a prestigious college, and eventually received a PhD in chemical engineering. He had an impressive career as an engineer with a large chemical company in the Midwest.
ONE OF MY FAVORITE pastimes is listening to podcasts. I subscribe to about 20—half of them related to finance.
One series, produced by a large Wall Street investment house, features three-to-five-minute episodes. They’re usually about market trends or economic analysis. Truthfully, they aren’t among my favorite podcasts. But I like their short length when I don’t have time for a 30- or 60-minute episode.
On a recent podcast, listeners were told that the firm’s economists believe that U.S.
MY WIFE AND I are aiming to retire in 10 or 15 years. With the Dow Jones Industrial Average close to 35,000, I can’t help but wonder: At what level for the Dow can we retire?
Yes, I know the Dow is a terrible index. But it’s also the one that’s most commonly mentioned in the media. I’ve followed it for most of my life, so I’m much more emotionally tied to it than the S&P 500 or any other index.
TWO YEARS AGO, I was 100 pounds overweight and constantly hungry. I had been overweight most of my life. But as a father of young kids, I was newly motivated to try to improve my life expectancy. I fortuitously discovered intermittent fasting and the low-carbohydrate way of eating, and instantly had success. Right away, I set an ambitious goal of losing the entire 100 pounds in one year. With a lot of hard work and dedication,
THIS IS THE STORY of how I thought I’d successfully timed the market—but didn’t.
I started investing in 2007, when the stock market peaked, which wasn’t great. But then came 2009 to 2019. Stocks enjoyed the longest and one of the strongest bull markets in history, averaging some 15% a year. Thanks to that great bull market, my wife and I found ourselves with more in our taxable mutual funds than we owed on our home mortgage.


Comments
It could be both.
Post: Medicaid Asset Protection Trusts (MAPTs)
Link to comment from March 18, 2026
No, the creditors of the person making the gift, not the recipient. It's called "fraudulent transfer." Somewhat of a legal term of art because it's not "fraud" in the traditional sense. It's considered "fraudulent" as to the creditors of the person making the gift because but for that asset being gifted away the creditors could have reached that asset to be made whole upon default. All states have a fraudulent transfer statute. In Ohio the fraudulent transfer look back period is 4 years after the transfer or 1 year after it could have reasonably been discovered.
Post: Medicaid Asset Protection Trusts (MAPTs)
Link to comment from March 17, 2026
For most of my life, as a responsible saver, I believed in allowing everyone to take on the responsibility for their own retirement. As much as I believe in free markets and free enterprise, I believe even more in reality and track records. It appears, to my chagrin, that most of our fellow citizens simply cannot and will not save adequately for retirement and they would prefer a government program to do the saving for them.
Post: Retirement in America is not a pretty picture…and not getting better.
Link to comment from March 17, 2026
Yes, everybody is subsidizing everybody else.
Post: Retirement in America is not a pretty picture…and not getting better.
Link to comment from March 17, 2026
Cigarettes go stale after a while. From what I'm seeing 6-12 months. Maybe 2 years under ideal storage conditions (which would be unlikely in a post-apocalyptic scenario). What about guns, bullets, and butter?
Post: Why Marlboro Gold is better Than Gold
Link to comment from March 12, 2026
Gotcha. I misunderstood what it was. I thought he left some lump sum with instructions to have it grow to be used in 200 years (or something like that).
Post: Trump Accounts – An Update
Link to comment from March 10, 2026
So, we don't know if the Trump accounts will be able to be converted to a Roth at/after age 18? My prior understanding was that they would be convertible. That's a huge selling point, so hopefully that gets clarified soon.
Post: Trump Accounts – An Update
Link to comment from March 9, 2026
Consider doing a post on how Franklin's bet turned out. How was he able to select investments that outpaced inflation?
Post: Trump Accounts – An Update
Link to comment from March 9, 2026
This illustrates the problems with actively managed funds. Even if you find one that outperforms an index there's no guarantee it will do so over the next X period of time. Further, if the outperformance is due to a fund manager, there's no guarantee the successor manager will have the same success.
Post: Once Burned, Twice Shy
Link to comment from March 6, 2026
I believe it, but as shocking as that is, how about the average IRA balance for those over 65? $250,000. Worse yet, the median balance estimated at between $160-200,000. That's no way to run a railroad.
Post: How did you avoid being in the 39%?
Link to comment from March 4, 2026