Category: Investing for Retirement

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

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

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

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

For the month of December, the DOW lost 1282 points. That is a 9.4% loss for the year. Interest and dividend income was $7,786 for the month. Withdrawals for living expenses came to $1,177 for December. For 2022 my investments are down by 11%. My only trade for the month

It is late December, and the temperature is -9 F here in Minnesota. That is unusually cold for this time of the year. But, not as cold as the NASDAQ has been in 2022. With only a few trading days left, the index is near its low point for the