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.
Is now the time to go long in bonds?
7 replies
AUTHOR: Ben Rodriguez on 7/3/2025
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Ever heard Down the Middle?
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AUTHOR: Ben Rodriguez on 7/1/2025
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Should all Americans pay federal income tax?
27 replies
AUTHOR: Ben Rodriguez on 3/17/2025
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The Long View Podcast: Jonathan Clements: 'Life Is Full of Small Pleasures'
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AUTHOR: Ben Rodriguez on 10/15/2024
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How and when did you find out about HumbleDollar?
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AUTHOR: Ben Rodriguez on 9/25/2024
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Did you retire in or around year 2000? If so, how's it going?
5 replies
AUTHOR: Ben Rodriguez on 6/20/2024
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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
I don't pay for any such thing and I don't think you need to. Free resources include: HumbleDollar, Bogleheads, Of Dollars and Data, White Coat Investor, Mr. Money Mustache, EveryDollar/Ramsey, Boldin (free version), FireCalc, many, many other free calculators.
Post: What are the financial subscriptions you believe are worth it for yourself and would recommend to others?
Link to comment from December 2, 2025
LOL. Good point. Unfortunately, I knew I would go bald, but I thought I'd handle it better. I may write a post about it.
Post: What do you DESERVE?
Link to comment from December 1, 2025
As a member of the bald(ing) population, I'd support that. In Dennis Prager's 1999 book Happiness is a Serious Problem: A human nature repair manual he advocates to not expect anything not 100% in your control. As you drill down, you'll eventually realize that nothing is completely within your control, thereby leading to the ideal: having no expectations. When one has no expectations, one becomes grateful for most things. Prager argues that gratitude is the key to happiness. Believing you're entitled to something is a recipe for unhappiness.
Post: What do you DESERVE?
Link to comment from December 1, 2025
If I were paying cash for something and they wanted to run my credit, I'd tell them to pound sand.
Post: When is it worth your time to unfreeze your credit score?
Link to comment from November 25, 2025
To answer directly, "no." And I think for good reason, which your story helps illustrate. My FIL, who taught me personal finance, always counseled to not include home equity in your net worth. While it's a part of net worth technically, it's not the same as retirement savings unless you sell the home or draw out equity using debt. And if you sell, you still have to live somewhere. What I found, which your story confirms, is that when changing homes people become accustomed to living in exactly the value homes they live in. What this means is if you're accustomed to living in a $500,000 home, when you go to sell you're very likely to buy another $500,000 dwelling. Same for a $1,000,000 dwelling. It's very difficult to go down in home value, even when "down-sizing." Even if you buy a smaller dwelling, you'll likely go up in quality or desirability. Therefore, it can be a fool's errand to count home equity in your retirement plan because the equity will likely be used to buy your next dwelling, and cannot be used to fund retirement income. Of course, you can use a reverse mortgage to tap home equity, but I would advise that as a last resort.
Post: Is the value of your home an important part of retirement plans?
Link to comment from November 24, 2025
That's the $64,000 question. I'm reasonably sure the stock market can't keep going up 20% every year. I like others (including Nick Maggiulli) feel similarly at this time as we did in 2021. This seems crazy. It feels like being at the top of a very high roller coaster. I'm sure it goes down, I just don't know when or how fast. That said, I haven't really changed my allocations or behavior. I'm a bit paralyzed with indecision. But my investment horizon remains many decades, so that gives me comfort to "don't just do something, stand there!"
Post: Is the current stock market anything to be concerned about?
Link to comment from November 21, 2025
Still sounds like a great deal to me.
Post: THE REAL RETURN ON DELAYING SOCIAL SECURITY
Link to comment from November 13, 2025
Per CoPilot, 30 U.S. States now mandate financial education in high school or before. Frankly, I don't think it will help much, sadly.
Post: Financial Education in Middle and High School
Link to comment from October 24, 2025
You said, "Less than 10% of America will wait until age 70 – generally out of necessity." I think it's almost exactly the opposite reason. The 10% of Americans waiting until 70 are probably the least likely to need the money. They just want the most they can get and because they don't need the SS, they can wait and get a guaranteed 8% return.
Post: Social Security subject beaten to death, but one more time please
Link to comment from October 24, 2025
Randy and Joe, both fair points. My suspicion is all of the products are imperfect in probably multiple ways. I don't know why this is so hard. Also, to boot, using a CPA was no easier. We found many errors and a lot of lack of attention to detail. I get that for us we weren't a huge client, but gosh the average taxpayer can't catch a break.
Post: Heads-up for TurboTax Desktop Users (& 2025 Tax Planning)
Link to comment from October 24, 2025