HFWR
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
My expert...
My expert...
OMG, I just laughed coke up out of my nose. that is what I need.
BC
Scott Burns, that's it.
When you retire you'll have enough time to spend on questions like this. There are so many annoying aspects to life, that it makes no sense to worry about little things like taxes...This is more of a vent, so mods feel free to delete if it doesn't have any redeeming value....
So I haven't retired yet but I'd like to next year, I'll be 55. One aspect that I find frustrating is how everyone says how "easy" investing seems to be. Now I'm a scientist so maybe my brain is wired differently because I'm not finding it easy at all.
LOL, which is why I do appreciate you guys...
Anyhoo, here is one of my frustrations. conflicting stories every other day.
I've been trying to get a handle on my post retirement budget and reading up on taxes.
Got an article today from the Motley fool that says retirees often over state their tax bill and owe less than they thought.
two email later I got another email that says "retirees always underestimate their tax burden".
lol, so which is it? am I under or over estimating my bill
Am I the only one that gets frustrated at this or do you just carry on and try to weed out the best information for your particle situation?
Finally, I suggest read Dan Kahneman's "Thinking, Fast and Slow". It is write-up of his life work as behavioral economist and has quite a bit of fun with experts.
I've always wonder why so many financial experts are still working for a living?
OMG, I just laughed coke up out of my nose. that is what I need.
BC
....
Finally, I suggest read Dan Kahneman's "Thinking, Fast and Slow". It is write-up of his life work as behavioral economist and has quite a bit of fun with experts.
+1 on that book. I've read it, and although a bit long I found it fascinating.
Shorter books covering similar material are Dan Ariely's Predictably Irrational, Your Money & Your Brain by Jason Zweig, and Why Smart People Make Big Money Mistakes by Gary Belsky & Thomas Gilovich.
I've often wondered why so many otherwise intelligent-seeming people so often do foolish things and these books answer some of those questions.
I'm a scientist as well. I learned to never believe what anyone said (especially scientists) without looking at the data myself and making up my own mind. In short, I don't believe anything I read at first.
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The best place to start with is determining what an expert is.
If you ask a financial network host, an expert is anyone who can boost their ratings by making a "bold" prediction...