If you’re evaluating when you take Social Security you might be asking yourself this: By waiting to take Social Security, I’ll get a larger benefit. But while I’m waiting, I’ll have to withdraw more from my retirement savings, which means I’ll miss out on the investment gains those larger withdrawals would have earned. Am I…
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Writings
A Conversation With Charlie Munger
I had the opportunity to listen to vice chairman of Berkshire Hathaway Charlie Munger speak via webinar back in December. The conversation was put on by Caltech and the good news is that the whole conversation is available for replay here. There’s never a bad time to hear thoughts, wit, and wisdom from Charlie Munger. As…
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4Q 2020 Market Overview (& Coronavirus Diary)
Where do I begin other than saying welcome to 2021! For all the craziness that was 2020, the markets as a whole posted some incredible numbers considering the circumstances. U.S. stocks had a solid last quarter pushing the annual return over double digits for the year. At year end, the annual return for the S&P…
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Focus More on Compounding for Retirement Planning
Here’s what construction jobs and compounding have in common with retirement planning. This summer, we moved into a new home. It was a new development project. The developers are still building out some additional townhomes a few blocks east of where we live. Each night we take a stroll around with the kids in tow…
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How to Find Your “What” In Retirement
When you retire, you move from a state of “have” to do something, as in “have to go to work” to a state of “getting” to do something, as in you can now focus your time and attention on activities that you enjoy (You could argue that this frame of mind is what we should…
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I Learned This Riding My Bike
I was doing a power zone training workout on my stationary bike the other day. The workout consisted of a medium effort stretched out over a longer period of time. I wasn’t gasping for air during the working, and I felt like I still had energy in the tank when I finished. Some might think…
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