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.
Should all Americans pay federal income tax? By Ben Rodriguez
10 replies
AUTHOR: Ben Rodriguez on 3/17/2025
FIRST: R Quinn on 3/17 | RECENT: Tom Tamlyn on 3/20
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
I love that you've given yourself permission to spend.
Post: Taking on Water by Jonathan Clements
Link to comment from March 21, 2025
Makes sense to me. Of course, the greatest portion of your bonds is in the target date fund (my guess is in a total bond fund, not sure). So, your discretionary allocation while sound likely has the smallest impact on your bond portfolio.
Post: How Do Allocate the Bond Portion of Your Portfolio?
Link to comment from March 20, 2025
I would if I thought it would help. In keeping with some of my other comments I have not found many people even remotely interested in discussing the topic. I think I'll stick to politics, religion, and sex.
Post: How nosey are you?
Link to comment from March 18, 2025
The penalty (which the Supreme Court called a tax) was repealed, but not the requirement. You may have noticed that you have to file a form with your tax return proving that you have health insurance.
Post: RDQ wants to rethink healthcare and retirement considering how people really behave
Link to comment from March 5, 2025
I recall reading this when it came out and I thought it was very thought provoking. Joel, I'm not sure if you still read this blog, but we'd love to hear more from you.
Post: The $121,500 Room
Link to comment from March 5, 2025
All Americans are required to buy health insurance under the widely known PPACA aka Obamacare. The Supreme Court even rejected 3 challenges to it. It's illegal to not have health insurance. That's how that works.
Post: RDQ wants to rethink healthcare and retirement considering how people really behave
Link to comment from March 4, 2025
About 5 years ago, after many years of studying happiness, I decided to make a list of all of the happy people I know. I've known probably 1000 people in my life. The list has about 20 people. Fun exercise, which I'd recommend.
Post: Who’s Happy? By Jonathan Clements
Link to comment from February 27, 2025
If 4% of your portfolio funds the expenses of two people, it will work even better with one person (lower expenses).
Post: How does the 4% Rule Change Assuming A Couple in Retirement?
Link to comment from February 27, 2025
You can only fund a Roth if you have earned income. But if you've met your needs beyond all of what you've stated, the question you need to ask is what are our goals? One possible goal could be build wealth and be outrageously generous. To do that, funding stock mutual funds in your taxable investment account might be a good way to meet those goals. Or, with your existing wealth, set up a Donor Advised Fund to fund charitable endeavors you like.
Post: I’m new to my retirement journey. What should I do with extra cash?
Link to comment from February 24, 2025
More tree metaphors! I think the HD community would benefit from a post about your philosophy in teaching your kid(s) and how these annual meetings came about.
Post: Acorns
Link to comment from February 24, 2025