polamalu2009

Comments:

• Agree and our utility bill takes another third.

  Post: Hedging your bet in retirement-dealing with inflation. What’s your strategy? R Quinn

  Link to comment from September 29, 2024

• The Dunning- Kruger effect. Cognitive bias. Those with limited or no knowledge of a complex subject are often the most confident in their stated opinions. As a former physician I saw it nearly daily. The classic example is a person watching a college football game yelling out suggestions to Nick Saban.

  Post: Anybody Listening? by Jonathan Clements

  Link to comment from September 27, 2024

• I would ask that you hear me out before commencing the eye rolls because the general consensus of these places is playgrounds for the rich. But visit them off season and they are magical. There is a reason they became famous in the first place. All three are islands. The first is Nantucket Island. Go in April or early May or in late September. No crowds. All the Bostonians are back at work or school. Stay at the Boat Basin or get a VRBO within walking distance of Nantucket town. At dusk the ghosts of the old whalers come out and walk the cobblestone streets with you. The Whaling Museum’s is one of my favorite museums in America. The next island is St. Barths French West Indies. It is unlike any other island in the Caribbean. It is as if some god tore off a piece of Nice and plunked it into the Caribbean. Again off season. The food, wine, beaches, sailing are incredible. Finally my favorite. The island of Capri Italy. A short ferry ride from Naples. Again April, May late September or October. Not just for a day trip but to stay. You will quickly get into the rhythm of the place. Hiking up to the ruins of Tiberius’ palace, hiking down to the Faraglioni, eating pasta with seafood, reading on your terrace, walking through gardens. Renting an old fishing boat with its captain to circumnavigate the island and visiting the grottoes. Truly magical. The key to all three: off season, live like a local, spend a few days and not just a day trip.

  Post: First Place by Jonathan Clements

  Link to comment from September 6, 2024

• What is this 25% excise tax?

  Post: I would like some RMD advice

  Link to comment from September 4, 2024

• Already into the IRMAA Haven’t figured out the tax bracket for next year. Max this year.

  Post: I would like some RMD advice

  Link to comment from September 4, 2024

• Now Richard hold on a minute. You didn’t mention how old or new that Bentley was. Bentleys and Aston Martins have a depreciation curve similar to a typewriter thrown out of a tenth floor office. Their interiors are works of art and their rides legendary. I have a frugal friend who is on his third Bentley, never having paid (cash) more than $90,000 and he swears by (not at) them.

  Post: Quinn is considering buying a Bentley 🤑

  Link to comment from September 4, 2024

• Yes I used Fidelity’s and found it helpful. But as others have pointed out it’s not so much about your assets and estimating a rate of return in different types of markets. The real issue I’ve found is having good information on your expenses. That and knowing how much you’re going to spend in retirement.

  Post: Retirement Calculators

  Link to comment from August 29, 2024

• I’m of Armenian heritage and apparently there was a thing in the 1920s to “clean your plate, think of the starving Armenians.” Looking at myself in the mirror I think those parents are kids are responsible for my current situation;)

  Post: Is being frugal a way of life, a necessity, habit or fun? RDQ thinks about it.

  Link to comment from August 28, 2024

• Thank you

  Post: Did we do this all wrong?

  Link to comment from August 28, 2024

• Thank you

  Post: Did we do this all wrong?

  Link to comment from August 28, 2024