It seems all conventional wisdom says, as we get closer to retirement, gradually shift the allocation (mix) of your portfolio from equity funds to bond funds. I subscribe to the Boglehead investing methodology and agree with much of what Mr. Clements, and many others, have written on this site. My wife and I have been investing much of our savings in Index funds over the past 15 years. We are truly blessed and should be financially independent,

Among the many options we have in retirement such as travel, volunteer work, and spending more time with children and grandchildren; we also have a host of hobbies to consider.  While too numerous to list, hobbies provide more than entertainment.  They can elevate your mood, and improve memory and problem solving skills. You also get a brain boost and a sense of purpose and achievement when you undertake a new hobby.
One of the best things about having a hobby is that if one becomes more of a bother than a pleasure,

MY WIFE WENT TO New York for five days with a friend. I don’t mind because I could use the rest. Over the past year, we’ve traveled from the West Coast to Europe three times, flown across the country to visit my sister and brother-in-law in Tennessee, and taken a number of car trips.
My wife loves traveling and has a lot of energy. Because of all the air miles she’s logged, she’s now qualified for United Airlines Premier Gold status.

I was just reading through the responses to a Forum post on charitable giving. And, as often happens to me, my brain has these thoughts that seek to escape. This morning, they are all about the futility of using/expecting our giving to charity to make things fundamentally better. I usually make our annual gifts to food banks, figuring that this is a safer way to avoid charity frauds and expense issues. But, I know, that even if we gave all of our funds to the food banks,

It would be nice, quite a windfall.
However, we didn’t pay for our benefits. In the aggregate, beneficiaries pay for about 15% of all benefits received, hence maximum 85% of benefits being taxable. I checked my records a found that within six years of starting, I collected benefits (including spousal benefit) equal to all the taxes I and employers paid since 1959. 
The law says the benefits are taxable income, but given the standard deduction, a lower income retiree may pay very little or no actual taxes on the benefits received. 

I’m old and perhaps out of touch, I admit it, but it still upsets me when I hear talk of little opportunity, no money to be made, unfairness, inequality even. What’s new? I say there are always opportunities, just look for them even if it occasionally means lower self-esteem. Never give up. 
During the years working, like a lot of people, I was subjected to the affects of nepotism, playing favorites, back stabbing and all the baggage that goes with corporate life.

IN WASHINGTON, 2025 is beginning to look a lot like 2017. Republicans again control the White House, the Senate and the House of Representatives. But a key difference between then and now is that today the Republican majority in the House is far narrower.
This means more negotiation will be required, and agreement on a new tax bill may take months. In the meantime, here are some key areas that investors will want to keep an eye on.

One of the main principles of investing is the Risk vs. Return trade-off, which according to investopedia.com:
Risk vs. Return trade-off states that the potential return rises with an increase in risk. Using this principle, individuals associate low levels of uncertainty with low potential returns, and high levels of uncertainty or risk with high potential returns.
It is a principle that every investor needs to understand before they buy their first stock or preferably their first broad-based low-cost index fund (BBLCIF).

I posted this on Bogleheads and got some good suggestions. I welcome the comments and suggestions of the HD audience as well.
*******
I serve on the board of a large (60k members) non-profit. I am on the Finance Committee which, among other things, monitors our investments. We sold real estate in 2024 that doubled the size of our investment portfolio to $3M. We also requested proposals for investment advisory services and selected a firm to provide those services.

In a recent post Dick Quinn asked for help about buying a car. He was in a time crunch because he and his wife were heading to Florida in a few days, I presume to get out of the cold. I live about an hour south of Dick, and I can attest that it has been cold of late in the northeast. We’ve had single digit mornings, and feels like temperatures too low to mention.
I enjoy living in a location with distinct seasons. 

IT’S THE ONE ASSET we’re all born with, and it pretty much defines our financial life. I’m talking here about our human capital, our ability to pull in a paycheck.
That paycheck—or the lack thereof—drives our ability to save, service debt and take investment risk. It also dictates our insurance needs and how much emergency money we should hold. Put it all together, and our human capital should arguably determine how we manage our money over our lifetime.

My ten year old car needs $8,000 in repairs. It’s worth about $5,500. I’m thinking not worth more investment.
So, do I pay cash, loan or lease?
Take a deal on a loaner with 6,100 miles or go for something new?
Have to decide in four days. HELP😩

As I read through the comments and posts on HD I often see a comment related to a spouse’s employment/retirement. Is a two income family as common as it appears to be?
How does a dual income impact financial and retirement planning? Is it easier or more complicated? Are family finances viewed as one pool or separate?
Are there conflicts when one spouse retires while the other works?
Are financial/Investment decisions made by individual or as one portfolio?

We can all recite countless reasons for wanting money. It might be travel, sleeping well at night, early retirement, buying whatever we want or supporting our favorite charities. But if we were going to boil all this down to a single phrase that describes our key motivation, what would we choose?
Here are some possibilities:

To feel financially safe
To spend our days as we wish
To help others
To feel successful
To spend freely
To not worry about money
To leave a legacy
To demonstrate our success to others

There’s obvious overlap among some of these.

Recently, and spurred by the horrific fires in L.A., there’s been a lot of attention on home insurance, including skyrocketing premiums. Like many people, we have our home, auto, and umbrella policies with the same company, and have seen our premiums increase dramatically in the last few years.
I’ve occasionally heard mention, without much in the way of specifics, of a “longevity benefit” in staying with the same insurance company rather than constantly shopping around and switching.