“But ma’am, you get what you pay for. Stop looking at our mutual fund fees. Instead, look at our investment returns. Returns are where the money is,” said the rep for my 401(k). With clenched teeth, I resisted grabbing him by his Armani tie and saying, “Your fees will destroy my returns.” “Ma’am! Quit thinking … [Read more…]
During the last 10 years of my public service career, I found work was taking over my life. It was taking its toll on my body. By the time the weekend rolled around, I didn’t feel like doing anything other than the laundry. And I usually found myself at my desk working through the weekend … [Read more…]
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…]