Tom’s Blog

Should you rent when you are retired?

We should think about renting and not buying when we are retired. We should even think that selling our home and renting is NOT A HORRIBLE CHOICE. As the years roll by, I get more passionate about NOT SINKING CASH into non-financial assets – like

Should my 40-year old niece contribute to a Target Date fund for her 401k?

My niece texted me last week. Her employer is being acquired, and her investment choices for the replacement 401k plan are completely different from those in her current plan. The plan identifies a default investment option, a Target Date fund offered by American Century. I’m

Have you started on your tax planning for 2020?

I spent some time this week planning for 1) where Patti and I will get our Safe Spending Amount for 2021 (SSA; see Nest Egg Care (NEC), Chapter 2) and 2) how much we will pay in total tax in 2020. I

If you have a Variable Annuity, should you keep it or sell it?

Have you invested in a variable annuity? Last week I wrote that I would not invest in one as an option to help build a retirement nest egg. This case is different. It assumes you already have a variable annuity. What should you do?

Should you invest in a Variable Annuity to help build your nest egg?

Variable Annuities are popular. Investors poured over $240 billion into them in 2019. I opened a variable annuity account at Fidelity maybe 15 or 20 years ago as added way to save for retirement. I’m not remembering my thought process, but I’d guess that I

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