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Since Warren Buffet is considered at the top of investing game, I heeded his advice for 40 years. No bonds and an Index 500 fund. Guess what folks, I rolled into retirement never looking back. ROTH’s came on the scene late and didn’t really understand the taxation, oh well, my wife reminds me about RMD’s and taxation,,”such a problem!”
Similar story for us. Invested in traditional IRA’s until Roths came around. I’m still 100% Index ETF’s in retirement
Yep, my story is pretty similar. I could’ve been smarter about Roths and saved a few bucks, but C’est la vie. Maybe I’m being a bit delusional but for me the right perspective can soften the blow. Hence, my wife and I have a similar perspective: taxes, a nice problem to have. Works for me.
Bill, I wish I could say that I did the same thing, I can’t. I spent years trying to figure out the best managed mutual funds before finally discovering indexing. We should coin a new phrase; KIBS, keep it boring stupid.
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