Matt Christopher White

Comments:

• Thanks DrLefty and congrats to you on having things in order to retire when you're ready! Realizing that disability coverage is no longer needed in this circumstance does seem to be something that's not talked about very often and easily overlooked.

  Post: Insuring Infirmity

  Link to comment from June 23, 2022

• All good points, Paula. I'm also leaning toward the self-insurance option.

  Post: Insuring Infirmity

  Link to comment from June 21, 2022

• Appreciate it, James. Thanks for reading! Yes, I have been hearing more and more about the hybrid policies.

  Post: Insuring Infirmity

  Link to comment from June 21, 2022

• William and parkslope, thank you for reading and commenting! I agree; fees have to be a top-of-mind consideration. You can find TDFs built with index funds that will cost much less than the more costly examples that parkslope gave. For example, Schwab or Vanguard's index series is .08% and Fidelity's Freedom Fund index series is .12%. If you go with a TDF, you are paying at least something extra for the glide path--reducing the risk exposure for you as you near retirement. That extra fee could be well worth it in contrast to not making those adjustments at all. But if you can stay on top of doing the rebalancing yourself, you could definitely build your own portfolio with low-cost index funds for less than a TDF would cost.

  Post: No Guarantees

  Link to comment from June 3, 2022

• Thanks for reading, Rick! I love that idea. The TDF can make a great benchmark or model to emulate--for those who prefer to be more hands-on with their retirement investing.

  Post: No Guarantees

  Link to comment from June 3, 2022

• Thank you to everyone for reading and commenting! I elaborate on this topic in Chapter 3 of my book How to Love Money. On my website, you can download it to your favorite e-reader at no cost.

  Post: Perspective Needed

  Link to comment from April 26, 2022

• Thanks, John! I'm definitely with you on that!

  Post: Time to Settle Up

  Link to comment from April 12, 2022

• Thomas, I appreciate you sharing that story! It sounds like you were fortunate to have that relationship. I imagine that approach served you well. But--as you said--there will inevitably be things that come up that cause the Tax Day payment or refund to grow and get away from that planned amount, from time to time. Sometimes that's just a sign of a taxpayer who is active and successful at whatever they're doing, or perhaps one who is too busy enjoying life to remember to tell their CPA ahead of time about all the tax-relevant things they did that year!

  Post: Time to Settle Up

  Link to comment from April 12, 2022

• Thanks, Rick! Yeah, I'd say a Tax Day payment of about $1,000 would be just right if you can manage it.

  Post: Time to Settle Up

  Link to comment from April 12, 2022

• Thanks, Rick. I find that there is no financial strategy--no matter how perfectly executed--that can achieve the financial resolution that we're all looking for. I am smiling, seeing you use that term--intestinal fortitude--especially since I wrote this piece about Coach Summitt and Coach Wooden. I can remember my high school basketball coach using that term with us.

  Post: It’s Up to You

  Link to comment from April 9, 2022