Keith Kail

Financial Excellence: “Being financially excellent means making financial decisions in alignment with your values. It’s not about how much money but the quality of the decisions you make with the money that’s already in your life.” - Keith Kail

The DOJ has ONE WEEK left to charge Anthony Fauci for the worst cover-up in modern medical history. He lied to Congress about funding gain-of-function research in Wuhan. Millions died. Trillions were spent. And Fauci walked away with book deals and fawning media coverage instead of handcuffs. I re-upped my criminal referral to the DOJ because the evidence is overwhelming, and justice has been delayed long enough. RT if you’re ready to see Fauci behind bars.

@rottieluvr1 @Ford Well this one is 2009. Never an issue.

@Ford @KeithKail Until the vehicles get recalled.

Got “Steve” back from storage - all cleaned up, serviced and ready for summer. #bullittmustang #stevemcqueen #thebullitt @Ford

@MatrixMysteries When we do comprehensive planning we look at P&C policies - we don’t sell them but we look at them because it’s part of the wealth model in the protection domain. We always advocate for “replacement coverage” and tell clients to review annually with their agent.

A woman loses her home in a fire. She asks insurance to rebuild the SAME home—no upgrades, no expansion. Insurance says NO. Her policy only covers what the house USED to cost. After years of paying premiums, she finds out the “coverage” disappears when she actually needs it.

@WheelerRipWA It’s not even a tax on gain. You owe the tax at whatever value it is. Up or down. You still owe. You’d owe if you lost money on the purchase too.

HEY COUNTY ASSESSOR — THIS ONE’S FOR YOU. Let’s call this what it is. I’m being taxed on money I never made. Think about that. I bought my property in 2012 for $60,000. Now the county claims it’s worth $306,000. Did I sell it? No. Did I realize a profit? No. Did I receive a $306,000 check? Not even close. But my tax bill? That went up like I did. That’s the problem. This isn’t income. This isn’t cash. This is a number someone wrote down on paper — and now I’m expected to pay real money because of it. If my stock portfolio doubles, I don’t owe taxes until I sell. If my paycheck doesn’t increase, I don’t suddenly owe more income tax. So why is housing treated differently? Why am I being taxed on unrealized gains? A home isn’t just an asset on a spreadsheet — it’s where people live. And under this system, you can do everything “right,” pay off your house, and still get squeezed harder every year based on a theoretical value you never turned into cash. That’s not ownership. That’s renting from the government with extra steps. And spare me the talking points about “services” and “inflation.” This is about being billed for value you never received. People are waking up to it.

@b_co_co @omerffsimsek Old money vs new money. New money can be DCA’d aggressively. Old money needs special care.

@KeithKail @omerffsimsek That’s exactly my view as well. The situation is completely different for those who have already built capital compared to someone like me who is still building it every month.

Can someone explain this? Warren Buffett’s Berkshire Hathaway currently holds $397B in cash. A year ago, it was ~$300B. If they had simply invested that into S&P 500 $VOO last year, they’d be ~$1B richer today. Have they stopped needing growth, or stopped trusting the US economy?

The situation is the boss and everybody’s situation is different. I think a younger investor who is dollar cost averaging from earned income should still invest systematically in a portfolio allocation that matches their risk tolerance and time horizon and periodically rebalance (quarterly). If you have a large stash of capital and thinking about investing in companies or if you need that money in any kind of short term time horizon then you must be very careful.

@KeithKail @omerffsimsek So maybe we should wait and not invest at the moment too?

I think they look around for companies and everything is priced high relative to earnings and they are just waiting things out. They are probably very picky about the companies they buy and a lot of criteria must be met to even make the list. Then you look at valuations and the list you want is just too high to stomach. So you wait.

@omerffsimsek There are clearly important arguments there. Do you think he’s moved away from buying equities and will continue holding bonds?

@KurtSupeCPA If you use annuities on top of social security and pension (if you have one) for basic income needs then you can use stocks for everything else. But all stocks? Nope. Too risky.

I saw a post recently from someone with a massive following. "Everyone should have 90% of their investments in stocks. No matter what age." Everyone. I have been doing this for nearly 30 years. And I can tell you the moment someone says everyone in financial planning, they are wrong. Every single time. Nothing is right for everyone. That is not how money works. That is not how people work. But here is what really scared me about that post. Meet Bob and Carol. Both retire January 1, 2000 with $1M. Both take $50,000 a year. Both have 90% in stocks just like that post suggested. Bob is broke by 2012. Carol retires January 1, 2010 with the same $1M. Same withdrawal. Same 90% in stocks. Carol is fine at 85. Same strategy. Completely different outcome. The only difference was when the market decided to drop. Bob hit 2000 through 2003 first. Then 2008. He was selling beaten-down stocks every year just to pay his bills. The math never recovered. 90% stocks is a fine strategy for some people at some points in their life. It is a devastating strategy for a 68-year-old who retires the year the market drops 40%. Anyone who tells you what everyone should do with their money has never actually sat across the table from a real person trying to make their savings last the rest of their life.

@YeccRyan @BarbellFi This is true. 50% of married couples (both age 65) will have a survivor at age 90. 25% will make be 95.

@BarbellFi Problem with this thesis is people are living to thier 90’s now!

Start collecting Social Security at 62 My friend’s Dad delayed until 70 He wanted the maximum benefit Dropped dead on his 70th birthday Heart attack Paid $300k into it during his career And never saw a dime back of it 😬

@MarkMcGrathCFP @grok explain dividend investing and the merits and cons of doing so. Is it just a return of share price?

Man as much as I've dunked on dividend investors in the past, after living off my portfolio the past few months I definitely get the appeal. I know it's not optimal. I know it's mental accounting. But the emotional and psychological aspect of it is more obvious to me now.

Beautiful night at our downtown Flat #downtownknoxville #knoxvilleTN @smokiesbaseball

@RoaringHammy Don’t carry bad debt balances. You can’t get ahead paying 22% interest. If you have bad debt then have a plan to escape it forthwith and avoid it at all cost going forward. Pay off credit cards monthly entirely.

Is carrying heavy credit card debt a loser behavior? Paying 20% annual interest rate is INSANE!!

When I get on elevator at my office invariably there are call center employees (working on other floors) waddling in as well. They just got out of their car, walked in the doors and into the elevator. They are always huffing and puffing gasping for air. They carry these huge water jugs like some kind of statement and breath through their mouths. I notice this - they are so out of shape and overweight they can’t catch a breath from getting out of car and walking 25-30 yards.

So sad to see people literally crippled hobbling around from all together preventable obesity.

@heresyfinancial Not only contribution limits but need to remove or drastically increase the income phaseout limits.

Why not just raise the contribution limits on IRAs? All this does is add more complexity that keeps draining more money from the economy to CPA's and tax advisors

@WallStreetApes @GuntherEagleman I do not like even stepping in a Starbucks. I avoid it as much as possible.

Starbucks CEO defends a cup of coffee costing $9 He says the customers needs to just not think about it as a $9 cup of coffee, you’re paying for the “experience” of getting a Starbucks coffee “In some cases a $9 experience does feel like you're splurging, and then what that means is we have to make it worthwhile.” He says Starbucks customers “want to have a special experience and regardless of what your income level is, in some cases, a $9 experience does feel like you're splurging — well, this is a really affordable premium experience” How out of touch could a person possibly be…

This is not universally true. It depends. Most should delay the bigger check and take small check early.

@Invest_Brandon Your mortality statistics are not correct. Field life underwriter here. At age 67 a married couple has 50% odds that one out two will live to age 90 and 25% probability of age 95. You have to figure mortality from the attained age .

The retirement age is 67 The life expectancy age is 78 Work for 50 years to be "free" for 11? I still don't understand why people do this... Most People Should: Lock in for a few years. Make a few million. Then cruise. Making a few million is MUCH more realistic than you think. You can achieve whatever you want if you set your mind to it.

@ForgiatoBlow47 I don’t know why people would want to favor paid off vs mortgaged. How about just freeze taxes at age 67.

PROPERTY TAXES ON A PAID-OFF HOME MAKE NO SENSE. IF WE OWN IT, WE SHOULD ACTUALLY OWN IT.

@UziCryptoo The estate might have to pay if there’s any value in it.

Why did no one tell me credit card debt just dies with you? My uncle died with $52K across 6 credit cards. My aunt called each one and said “He’s dead. He can’t pay.” Every single one said “We’re sorry for your loss. We’ll close the account.” $52,000. Gone. Unsecured debt cannot be passed to the family. They just never tell you this.