Recent content by flintnational

^^Not sure I follow you.

My understanding of the definition of NW is "Assets minus Liabilities". I don't recall seeing a NW definition that requires the asset can be passed on to heirs. However, "Estate" has a separate definition that would exclude pensions*. *Non-inheritable pensions

To quote Monty Python, "I told them we already got one. Its very nice!":)

A relative passed away last year. She had a State pension. The lump sum option was only 3.5 times the annual pension amount. And, the pension has a 2% cola. So, yes the OP's numbers may be correct. This is why some of us say the first step in choosing the lump sum or the pension option is to...

Dow 36,000! Dow 36,000! Twenty + years later we are still not at 36k. One day it will be true! "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a 1999 book by syndicated columnist James K. Glassman and economist Kevin A. Hassett,[1][2] in which they...

OP, since the friends have been with this advisor for 20 years and they are scared of a market downturn, I suspect there is little you can do. Financial products sold out of fear are rarely the right answer. But, I suspect that is were your friends are headed. If you have any influence, I might...

Here is a cool cover of Sublime's Doin' Time by Lana Del Rey. https://youtu.be/qolmz4FlnZ0

Your signature line sums up new investors! The punch in the mouth is in their not to distant future. :)

Bet its not different this time! The author points out that young investors have seen nothing but a rising market. Even the down market last spring lasted only a few weeks. Anything they have tried has made money. Its easy! In his latest book, The Delusions of Crowds, W. Berstein identifies 3...

^ +1 Additionally, the OP asked a modeling question. His model showed he was better off taking SS @62 and leaving his savings invested. That was the premise of the thread. He did not ask about all the other reasons one might delay or take SS early. There are many. But, the OP was focusing on...

Congratulations. You have done a great job with your savings. At your age, I would keep my WR at or below 3% for several years. In your late 50's or early 60's it could be increased to around 4%. At your young ages, I would be concerned about SORR and longevity risk. 3% during the early years...

Why is everyone dissing Alexa. She is the only woman in my life that listens to me. Occasionally she even says, "Have a great day FN"! She is my friend. ;D

My DW is convinced our Amazon Alexa devices are listening to us all the time and sending data to Amazon marketing. So, that begs the question, what have you been taking about? :blush: ETA: The really juicy stuff ends up in the Washington Post also owned by Amazon/Bezos. Just sayin!

^You can use the Kaiser Family Foundation Calculator.

We are sitting at 45% international. I'm just glad international is finally in the ballpark of US. Out performance is asking for to much. :dance: