The blog post of March 23 implies that a “steady-as-you-go” approach to investing during these times is a good idea. Think long term, attend to your asset allocation, rebalance on schedule, and provide for some cash. The post two days later (March 25) advised us to be generous if we can—many people don’t have portfolios and the economic disruptions are severe. But neither discusses why we should have faith.
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Monday we mentioned that now is a time for generosity. If you have a portfolio, you’re fortunate. Millions of people don’t, and they may need your help. How do you handle that in a compassionate and reasonable way?
To begin, you must know how your portfolio functions in your life: do you depend on it for year-to-year living? Or is it for extras like travel, gifts, or luxuries? That distinction is important because if you help by selling investments and giving the proceeds, you reduce future investment income. That’s not the case with income from work—giving part of a month’s income to a relative in need doesn’t reduce next month’s income. Continue reading
For several months I woke each day thinking about what to include in six courses on investing for members of our local OLLI (Osher Lifelong Learning Institute). OLLI is sometimes called kindergarten (or college) for retirees. We have classes, social events, and after school activites, all for people over 50. It’s become an important part of the lives of retirees here in Athens, Georgia.
Hofer’s World Rye
Early life is a time for big adventures, like the army, college, marriage. Later life is for small adventures, like finding a new author or visiting a distant bakery. Continue reading
Retire early and fly away
Last time we saw Christy Shen and her husband, Bryce, living one version of a radical retirement: they retired in 2014 (Christy was 31 years old) after only a few years of work. Each year while working they saved more than half of their earnings. Can anyone do that, or were they just lucky to invest when returns were high? Continue reading
Christy and her husband, Bryce, retired in 2014 at age 31; they had about $1.16 million saved, which includes about 4 years of living expenses ($160 thousand–my estimate). Can two people make the money last in Toronto, Canada, where they live? What if they have kids? Continue reading
Redbuds and forsythia at sunrise signaling a new season
A Short History of Later Living
I’ve neglected this blog for some months, but I’m now ready to revive it.
Back in late 2011 when I started, two motives dominated. First, I wanted to see if I could write a weekly post or column (it’s not easy). Second, I wanted to figure out retirement for myself (how should I live in retirement?). Continue reading
Wide open landscapes in the West
In 2003, a year after I retired but when my wife was still working, I took Anna, our dog, and headed west to see some of the country I’d visited in times past. Anna and I camped most of the time, and one particular night I remember finding a small Bureau of Land Management campground on Antelope Reservoir in eastern Oregon. We could see a long way across the reservoir and surrounding desert landscape. I remember preparing dinner while Anna, sitting at the edge of the campsite, watched the landscape for signs of life. Continue reading
Review of Making Healthy Choices for Senior Living,by Dr. Kenneth D. Barringer, (www.xlibris.com, 2014)
Some books are read, reread and treasured, and other books are read or skimmed and then left alone. Dr. Barringer’s book is an “other” book. Continue reading
In Athens, Georgia, fall color is nearing its end. It typically peaks in late October or early November. Today, in mid-November, the large landscapes of color are gone. We’re left with some colorful trees, maybe particular branches or individual leaves. It is a good time to experience retirement and walk around the yard and woods with an eye for small beauty.