I read a fabulous article this morning titled This is how much money you’d have made if you bought Apple shares instead of a new iPhone every time it was released. Here. The article says: “If you had bought Apple shares worth of every new iPhone model on Apple event day from 2007 , you […]
Opportunity Cost & The iPhone Read More »
I was watching the Netflix movie Dumb Money this morning and it got me thinking. While the meme stock rally of 2021 was fascinating to watch, did it really create wealth? Game Stop (GME) was the poster child of the rally, how did it make out? GME went from a buck a share to over
How much do you spend each year? Most people don’t know this number, and I would argue that it’s a more important number than your salary, your expected social security benefit, and maybe even your 401k balance. That’s crazy talk – right? Let’s look at why. How much do I spend? I won’t give you
How Much Do You Spend? Read More »
OK. that’s a horrible title, but I felt horrible after reading this article today on CNBC. Here’s a snippet: Just 4% of today’s retirees said they are “living the dream,” according to a new survey from asset management company Schroders. And just as many — 4% — said they are “living the nightmare.” Most of the respondents
Retirement Stinks, but it doesn’t have to Read More »
Earlier this week, I posted some info on social security planning. This is a follow-up to answer a reader’s question about the impacts of delaying social security benefits until 67, and drawing down his 401k instead to cover living expenses. See original post with comments here. An Important Note About Projections The projections here are
Social Security – Now or Wait? A Follow-Up Read More »
For all my friends who are either close to, or in retirement, this is a common topic of discussion. While social security alone will not likely be enough to fund our retirement, the monthly check from the government may be an important piece of our retirement strategy. What is Social Security? The US government instituted
When Should I Take Social Security? Read More »
I had lunch with Tony on Wednesday. Our usual spot, BYOB and mounds of good food for reasonable prices. We split a salad and an entree for about $30. Wednesday’s topic was customer service. Tony has been helping his son with shopping for a new vehicle. He’s been dealing with insurance companies on the old
Customer Service Stinks Read More »
After years of debating, I finally decided to go with roof-top solar. I’m almost year in. Let’s talk about what worked, what didn’t and what the savings might look like. Why Panels? In 2019, my wife and I bought a hot tub. It sits outside on our deck. It’s a delight. Prior to buying, I
Roof-top Solar Panels – Worth It? Read More »
First off, easy for me to say. 78% of Americans report that they are living paycheck to paycheck. If I can’t pay my bills, how can I possibly save for retirement? This is a national crisis in my opinion. That, however, does not make it a problem for our government to solve. I try and
Please Save for Your Retirement Read More »
Buying a car is a big expense. The average new car price is $50,000, and used car prices aren’t much lower. In my days as a car salesman, I often saw folks who over-spent on a vehicle and returned to assess their options to lower payments or trade-down. After the sale, your options are severely
Think Twice Before You Buy That Car Read More »