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 … [Read more…]
Early in my investing life, I purchased residential rental property for the passive income and hedge against inflation it provides. My mom was a realtor and came across undervalued houses from time to time. She had access to bankers who’d be willing to finance my purchases. She knew construction people who could estimate how much “simple” … [Read more…]
Boomer, I happened upon this book when I was deciding whether or not to retire. I’d spent a career spending less than I earned and investing the rest. no longer needed the cash to work. My career had pretty well run its course. I was still treated well. After all, they’d given me a … [Read more…]