The latest news about FDIC takeover of Silicon Valley Bank is only
Continue readingWelcome to the blog
I’ve seen a few articles on the Internet lately trying to determine how much money we need for early retirement. A lot of it has to do with your lifestyle. If you are someone who likes to travel, eat out, or go to shows, you may need more money to
Continue readingMore Banks Will Fail
The latest news about FDIC takeover of Silicon Valley Bank is only going to get worse. It occurred to me a few months ago, as I was transferring money out of my local bank checking account and into a treasury fund, that if enough people started doing this, banks would
Continue readingMy Retirement Withdrawal Strategy
When I turned 59-1/2 one year ago, I started taking small distributions from my IRA. Once you hit that age, you don’t have to worry about the 10% early distribution penalty. The investment firm that holds the account must have noticed because they have been asking me to contact them
Continue readingFebruary 2023 Investing Update
For the month of February, the DOW lost 1430 points. That erases all gains from the previous month. Interest and dividend income was $1,603 for the month. Withdrawals for living expenses came to $1,014 for February. YTD my retirement account is up by +2.21%. The 4.2% return on treasury funds
Continue readingThe Buy 5 Save $5 Promo
Whoever came up with the “Buy 5 save $5” grocery promo is a genius. In this promo you buy 5 items from a list of hundreds of items and save $5 off those items. The items you can select usually range in price from $3 to $10. Trying to choose
Continue readingJanuary 2023 Investing Update
For the month of January, the DOW gained 939 points. That is a 2.75% gain for the year. Interest and dividend income was $1,635 for the month. Withdrawals for living expenses came to $1,014 for January. In the past 12 months my retirement account is down by 4.48%. That is
Continue readingWinter is Like a Survival Show
It’s the middle of winter in central Minnesota and we have about 3 feet of snow on the ground. The temperature has been below freezing most days since early December this year. In past years, when I was working, we would go shopping or to the casino to get some
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