Tom’s Blog

Are you ready for retirement? What do you spend on the Basics?

All we retirees – or soon-to-be retirees – have a burning question: Can our financial portfolio provide enough cash for spending for a Very Happy retirement – for the rest of our lives? You obviously need to add up the cash that rolls in every

Who will you donate to this year?

This is the month Patti and I think about who (whom would be more correct!) we will donate to before the end of the year and how much we will donate. I spent more time thinking about our giving this year. Giving money away is

Should Moncef Slaoui have sold his GlaxoSmithKline stock?

I read this article, “Trump’s Vaccine Czar Refuses to Give Up Stock in Drug Company involved in his Government Role”. The top scientist for Operation Warp Speed, Moncef Slaoui, was hired as a contractor, not as an employee, to avoid the ethics requirement

How is the Social Security COLA calculated?

The purpose of this post is to explain how Social Security (SS) calculates the Cost of Living Adjustment – COLA – each year. Your SS benefit increases by the percentage COLA to maintain the same spending power over time. I also use the percentage COLA

How is your Social Security benefit taxed?

The purpose of this post is to explain how your Social Security (SS) benefit is taxed. The percentage taxed ranges from 0% to 85%. How is the exact percentage calculated? When I google the question, I find the descriptions are VERY CONFUSING. It’s important to

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