Yesterday I wrote about the boomer retirement crisis and on the other end of the spectrum there is a millennial housing crisis. The Wall Street Journal has an article entitled, “Young Americans Are Getting Left Behind By Rising Home Prices, Stocks” and here is a key quote from the article. For those looking to embark…
Category: Financial Odyssey
Are You Part of the Boomer Retirement Crisis?
MSN has an article out calling out the peak boomer crisis that seems to metastasizing into a very ugly future for millions of potential retirees. On Wednesday, AARP released the results of a January survey delving into retirement outlooks for Americans aged 50 and above. It found that many of them are not feeling confident with their finances. Particularly,…
Do You Have A Budget Plan For All Your Life Events?
I asked AI to tell me what the major life events are for a human. Here is what it wrote: Major life events for humans generally refer to significant occurrences that impact one’s life trajectory and personal development. These events can be broadly categorized into social, educational, professional, personal, and health-related events. Here’s an outline…
It’s Not High Income That Makes You Rich
I got into a discussion with someone this weekend over how to get rich. His point is that it’s super easy to get rich when you have a high income such as anything over $100k per year but I don’t believe that’s the case at all and I found two cases to prove my point….
Games (& Investing) For Ages 20 & Up
Do you have young kids? If so, you’re probably aware that kids love to play games. My kids favorite when they were young was Monopoly (Ages 8 and up), Settlers of Katan (10 and up) and lately, Secret Hitler (17 and up). Games & Age Groups My kids didn’t start playing Monopoly right off the…
Buying 5 Year TIPS Bond This Week
The US Treasury will auction off 5 year TIPS bond this week on April 18th and I already put my order to in acquire some for my bond portfolio. The bond is expected to have a real yield above 2 percent and will be inflation protected so it’s a good time to buy especially since…
$1.5 Million To Retire Comfortably?
The Wall Street Journal has an article (paywalled) out stating that the new number to retire comfortably in the United States is $1.46 million. The article didn’t state if that is per individual or couple but do you think that is correct? It Depends Many of these articles are often fairly useless because there are…
Update On Retirement Planning Spreadsheet
A while ago, I wrote a five step retirement plan that culminated in putting all the steps together here. The net result of all of that work was the creation of a spreadsheet to show us how our retirement money flows might pan out. I am still working on tweaking the spreadsheet and there are…
Cancun, Timeshare Salesman, and the Diver
I wrote this story in my original blog but since I rebooted it, the archives got zapped so I’m writing it again because it was an experience that changed my life. Cancun In early 2000’s, as I recall, my wife and I took our kids down to Cancun, Mexico for a family vacation. We stayed…
What They Don’t Tell You About Retiring Overseas
My wife and I have been thinking about retiring overseas. We both have traveled to at least 30 or more countries over the years and we are always thrilled when we meet new people and learn from others. Our favorite things to do is immerse ourselves in the local culture and we usually start that…