Financial Planning
- Holy Schmidt!
- Web: holyschmidt.com
- YouTube: youtube.com/c/HolySchmidt
- 7 Tips for Living Comfortably on Social Security Alone, Dec 22, 2021
- Pay off all high-interests debts as soon as possible. N/A (don’t do debt)
- Government support programs, for lower income people. N/A
Healthcare vastly important for retires, ‘Big 3’ – Access, Quality, and Cost. TBD - ’70/100/124′ – WHEN to start draw social security (62/67/70). TBD
- ‘OPM’ – Other Peoples Money (if other people benefit from your money). N/A
- ‘Subs’ – cancel ALL automatic subscriptions, wait 30 days to see which ones you really miss, if any. TBD
- ‘Call Uber’. Sell car(s), use alternative means of transportation, incl. ride-share services. TBD
- ‘Curly+ Billy Crystal’ (from The City Slickers-movie),
- ‘find the one thing’ – the thing where focus time and money is spent on, could be spent on
(and reverse – don’t spend lots of money on something you only do 10 min a week
- ‘find the one thing’ – the thing where focus time and money is spent on, could be spent on
- 7 Social Security Mistakes that Cost Thousands in Retirement, Mar 8, 2021
- (#7) Not knowing the earnings limits (applies before reaching full retirement age)
- (#6) Spousal benefit, when to file
- (#5)
- (#4)
- (#3) ‘Missing the 35 best years’
- (#2) Understanding taxes on SS, missing Provisional Income; two sets of rules – Federal and States’
- (#1)
- 10 MONEY MISTAKES to AVOID in Retirement, Aug 16, 2021
- Taking SS too early or too late
- ‘Scroodged Savings’ – essentially being stupid about not spending sufficiently for a decent life
- ‘Super Trade’ – don’t believe your extra time will make you a great/better investor (as known fact, over time no professionals beat indeces)
- ‘Uncle Sam’ – remember to pay taxes, put money away for
- ‘Advice from Friends’
- ‘Too Conservative’ – too quickly moving investments from higher-risk/return vehicles (stocks) to lower-risk/returns vehicles (bond)
- ‘Mismanaged $’
- ‘Spendies/Calibration’ – don’t start spending too much first year
- ‘Spouse’ – a couple needs to be on same page on how to spend money
- ‘A #1’ – not focusing on yourselves vs supporting adult children etc.
- 7 Expenses that goes ###
- The 3 Best FREE Online Social Security Calculators,
- 3 of the Best FREE Online Social Security Calculators, Jan 23, 2021
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- What Happens to Your Social Security if You Retire in Your 50s?
google.com/search?q=What+Happens+to+Your+Social+Security+if+You+Retire+in+Your+50s%3F