Recent content by aleabo

why not Wellesley? You have dividend paying stocks and bonds, less risky then CEF

Pay check to pay check means that in time you get paycheck your bank account is empty. While I have no doubt that there are people in US who live like this (it was period in my life when I was in this situation) I doubt that there are 64%. And even if your bank account empty - where money? Maybe...

Agree. Those "Harvard-trained economist" usually have very little idea what they are talking about. For years we saw articles that majority of US population cannot come with $400 emergency bill and ..."great resignations" - how those people live? Median wealth $144K for retirement people? Well...

I got hit as well. I'm a big fan of balance funds and especially TR as don't need to think of rebalancing and when time come to sell it easier to deal with one fund then several. I have 2025 in my taxable for many years (more than 10) and never been hit before with large capital gains. But...

I have never bought proof coins. While I have some what I bought for collection (full Lunar series) I perfectly understand than if I will need to sell price will be based on gold value. But I'm not going to sell...you not sell gold..it pass from generation to generation...

I prefer balanced funds. Less hassle with rebalancing and easy to withdrawal when time comes.

For me this is deja vu. First I saw it 1988-1992 in Soviet Union and what come after it. Same symptoms, same events. It will go faster and faster + inflation will accelerate...Until you come to the point when nobody will take money for the product or service- will ask another product or service...

Do you think $2.7 enough for retirement? The reason I'm asking that I close to this number (not counting payed off house) and my wife wants me to work 3 more years (till I get Medicare) and honestly, I don't want to work any more :-(

Have you heard of TRUST act? Looks like according to this act changes to SS won't need full congressional approval but selected comities.

is IRMAA based on your gross salary or adjusted (after 401K, HSA etc.)? If I'm married filing jointly - it takes in account family income?

Than more you have than less you want to spend. 10 years ago I was buying 50K car without second thought. Today thought that I need to take out 50K for car make me sick...

$4,312,158 to be top 1% in WA. I'm not there yet but know a lot of people who over this number. None of them own jet or mega yacht

I see food prices up but can tell you absolutely that coffee what I'm buying for years (Illy, Lavazza) so far didn't go up. My family consumes 1 can per week so I'm watching prices very closely. In terms of actionable to-dos.. I don't know. How good TIPS in 5-10% inflation we don't know. I read...

I came to US at age 36 in 1995. Penniless, no English, no suitable profession or education for US. For 3 years I worked odd jobs ($7-8.50) per hour. Lived by the way in San Francisco - not the cheaper city even then. Yes, I couldn't afford anything - no dining out, vacations, decent shoes...

I'm going through similar calculations :) and let's yours since you provided :) So, $109K - $25 in 401 gives you $84K. Assuming one needs 75% of pre-retirement income you need $63K. But you need to pay for health insurance (as you calculated additional $15K). So. you need $78K. Lets say $80K. If...