Mr. Boomer Money and More was growing weary. Each night on our evening walks I delivered the same mind-numbing soliloquy: do I retire or don’t I retire? Fortunately, for the sake of his sanity and mine, I discovered this book: Retire Happy: What You Can Do NOW to Guarantee a Great Retirement. by Richard Stim … [Read more…]
Hey, Boomer. There’s money to be made in index funds. And one of the richest men in the world thinks so too. Warren Buffett has instructed that 90% of the cash he bequests to his wife be invested in index funds. Why? Why not leave her some shares in Berkshire Hathaway, the magnificent company … [Read more…]
Boomer, today’s post is a cautionary tale on what to avoid if you want your money to last longer than you do. Consider my early forays into buying mutual funds as Exhibit A. Exhibit A is how not to do it. Exhibit A was me. And, as we’ll discuss, how I did it is exactly … [Read more…]