$$$ During the last 10 years of my public serviceĀ career, I found work was taking over my life. Ā It was taking its toll on my body.Ā By the time the weekend rolled around, I didnāt feel like doing anything other than the laundry.Ā And I usually found myself at my desk working through the weekend … [Read more…]
Mr. Boomer Money and More was growing weary. Ā Each night on our evening walks I delivered the same mind-numbing soliloquy: Ā do I retire or don’t I retire?Ā Fortunately, for the sake of his sanity and mine, I discovered this book: Retire Happy:Ā What You Can Do NOW to Guarantee a Great Retirement. by Richard Stim … [Read more…]
Hey, Boomer. Ā There’s money to be made in index funds. Ā And one of the richest men in the world thinks so too.Ā Warren Buffett has instructed that 90% of the cash he bequests to his wife be invested in index funds.Ā Ā Why?Ā 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.Ā Consider my early forays into buying mutual funds as Exhibit A.Ā Exhibit A is how not to do it.Ā Exhibit A was me. And, as we’ll discuss, how I did it is exactly … [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 housesĀ from time to time. She had access to bankers whoād be willing to finance my purchases. She knew construction people who could estimate how much āsimpleā … [Read more…]