If you are reading this, you may have been reading my ramblings for some time. I started blogging back in 2009. A few years ago I also started blogging on HumbleDollar. HD blog is a bit more serious than Quinnscommentary, devoid of politics and professionally edited.
It is written by scores of writers with varying professional backgrounds and life experience. I have written over 100 articles for HumbleDollar including the examples below. Take a look.
I’m sure you will find thought provoking information and ideas on HumbleDollar. Besides, if you read my articles you make me look good too. 😎
DEAR 18-YEAR-OLD: You may be better educated and more intelligent than me. You may have more potential. But for sure you don’t have more experience. I have 60 years on you, so—as hard as it may be—take my advice:
There are no guarantees in life. You have to make of it what you will. Never give up. You will have obstacles placed before you. You will be treated unfairly. You will have to deal with less-than-honorable individuals.
SEEING YOUR IRA or 401(k) decline precipitously is bad enough. Locking in those losses is far worse. The good news: I’ve perused various Facebook retirement groups since the Russian invasion of Ukraine and have seen few signs of panic.
For instance, here’s some good advice from a prudent retiree: “Stay the course, but in the future make sure you have enough in a cash reserve for at least one year of planned withdrawals or RMDs,” meaning those pesky required minimum distributions that must be taken each year by those of us age 72 and older.
I’M FASCINATED by frugality. Being frugal is not the same as being cheap, though—based on what I read about some people who claim frugality—it sounds to me like they are indeed being cheap.
We’re told frugality adds to the quality of life, that it creates a less stressful, less materialistic existence. Being frugal is fine, but living frugally because it’s a necessity—especially in retirement—not so much. Is a minimalist lifestyle all that satisfying?
I think being frugal is a misnomer.
VIEW ANY NUMBER of YouTube videos on retirement planning, and you’ll find advice on how much you need to save each month, how to invest, how much to accumulate and how to generate retirement income. The same is true for the experts who write blogs. All this information relates to the retiree. Rarely—actually never—have I seen a discussion about survivor benefits. Even the 4% rule uses an assumed 30-year retirement period, apparently ignoring the possibility that retirement income needs to last over two lifetimes that may extend beyond 30 years,
WOULD YOU BASE important financial or life choices on false or misleading information? Of course not. Yet, when deciding on key economic and social issues, that’s exactly what people often do.
I’m addicted to social media. I follow advocacy groups focused on Social Security, health care and taxes, as well as the politicians who are especially engaged in these issues.
Some tweets and memes reinforce what people want to believe or provide the easy answers they seek.
I’VE BEEN REVIEWING my past writing on HumbleDollar, my own blog and social media. I notice I often throw out personal details, such as the second home we own, paying for our children’s college and our spending on travel. My intention isn’t to boast.
In fact, I don’t even think of myself as wealthy, though the statistics say my wife and I are above average. Perhaps that’s because what we have today was accumulated over 60 years,