Harry Sit 🟧

I'm wealthy enough not to worry about the first 7 things but not wealthy enough to worry about the second 7 things yet. It feels like a happy middle ground. > 7 Things Wealthy People Don't Have to Worry About (and 7 They Do) by @wcinvestor whitecoatinvestor.com/things-wealthy…

These tactics are helpful when you're scared to spend. I'm not. I don't spend when I don't want the hassle or don't see any value. A rich life in retirement doesn't require spending more money. > Scared To Spend? (You're Not Alone) by @RetireManifesto theretirementmanifesto.com/scared-to-spen…

Kanopy is better than Netflix but you can't sign up for it directly. If your library doesn't provide it, get a card from a different library that does. thefinancebuff.com/kanopy-streami…

@TipsWatch Even 3%+ is only 1% over the current yield. TIPS won't have the same experience as it went from negative to 2.x%.

Mid- to long-term real yields tend to rise and fall with nominal rates, not perfectly but pretty much aligned. If high inflation is combined with a recession (stagflation) rates might not rise much. But if the economy is strong, I could see the 10-year at 6%, real yields at 3%+. Neither scenario seems likely.

Marketwatch has a reasonable criticism of TIPS and TIPS funds this morning: The funds didn't actually protect against rising inflation as real interest rates also rose. But yields in Nov 2024 are a lot more attractive. 10-year auction today ... marketwatch.com/story/inflatio…

I see the examples of not-so-good financial planning goals were all motivated by taxes. Taxes usually aren't the cause for hardship in retirement. Paying high taxes means success. > Good (And Not So Good) Financial Planning Goals by @michaelrpiper obliviousinvestor.com/good-and-not-s…

I cashed out all the I Bonds I bought in recent years. TIPS have a better yield anyway for the long term if you get over the short-term price fluctuation. > TreasuryDirect Customer Service Delays and Estate Planning Concerns by @mymoneyblog mymoneyblog.com/treasurydirect…

Look at the compound interest formula. It matters less on a small balance, a small rate difference, and a short time. It matters more on a large balance over a long period. > When Interest Rates Matter and When They Don’t by Tyler Scott on @wcinvestor whitecoatinvestor.com/when-interest-…

I also borrowed when I was building a house last year. I have since paid it off. I won't hesitate to borrow again when the terms are favorable. > Debt as a Recession Tool by @gocurrycracker gocurrycracker.com/debt-as-a-rece…

Tax credit by itself doesn't make me buy an EV but if you want an EV anyway, you might as well get the tax credit. > Want an EV? Buy before Trump eliminates the tax credit by @taxtweet dontmesswithtaxes.com/2024/11/want-a…

Tax planning based on the sunset of TCJA has been pretty much wasted. Wait and see what will change and what won't. > Impact Of 2024 Election On TCJA Sunset And Tax Planning by @bhenrymoreland kitces.com/blog/2024-elec…

I wouldn't do it on purpose. It takes too long, the amount is capped low, and it only replaces a contribution one can make otherwise. > Should You Worry About Overfunding Your 529 Plan? by Margaret Giles at Morningstar morningstar.com/personal-finan…

A 20-year-old cheap bicycle brought me more joy than a $10,000 vacation to Switzerland. Who knew? > Retirees, a Rich Life Does Not Require Spending More Money thefinancebuff.com/rich-retiremen…

If your state doesn't offer a tax incentive, Utah's my529 plan is consistently rated as one of the best 520 plan. > A Guide to Finding the Best 529 College Savings Plan by Morningstar morningstar.com/personal-finan…

The working years were a leap into the unknown too. Retirees have more ways to shape their retirement. > Leaping into the Unknown: it’s Called Retirement by @SquaredAwayBC crr.bc.edu/leaping-into-t…

The full premium can have a large increase but you'll pay the same % of income when you qualify for a tax credit. > Oh yeah...here's the final 2025 rate changes for unsubsidized ACA policies for the remaining states, if anyone cares. by @charles_gaba acasignups.net/24/11/06/oh-ye…

Wealthfront has filed to liquidate its $1.3B Risk Parity Fund. From its 1/22/18 incept through 11/1/24, the fund lost 2.8% of its value, compared to a 66.6% cumulative gain for the US 60/40 mix over that span. Not great! spr.ly/6011SeI7N

I'm poor. I don't have any of these people to call.

Here's my take on @derektharp and @MichaelKitces take on @ramit's take on AUM investing fees. robberger.com/how-should-we-…

Part-time self-employment works for me. I control both the schedule and what I work on. > Before You Quit by @ClementsMoney humbledollar.com/2024/10/before…