Shut Up And Wait

Compounding is rocket fuel for gardeners and investors. Growing plants or money takes time; lots of it. Unfortunately, get rich quick syndrome is a popular addiction. Mother Nature (and your portfolio) could care less about you being a cool kid. We moved into our home 17 years ago. Things were pretty barren. Compounding changed things. Investing…

How much do you need to retire?

According to Jason Zweig of the WSJ, the new number is 22X your salary. For example if you want $100,000 in income for your retirement you need to have 22X that amount or a total of $2,200,000. You will never get close to that amount if you are not saving 10-15% of your salary. You…

How much should you expect to pay for health costs in retirement?

According to Fidelity the number is $240,000!! This is an estimate for out of pocket expenses from retirement until death. One way to approach this is to eat well and exercise. This is the cheapest option. You can also look into getting LTC insurance. Your mid- fifties would be a time to consider this to…