Humble Dollar About the author:
We like to think of HumbleDollar as an encyclopedia with attitude, and that attitude emphasizes humility. Managing money may be simple, but it isn’t easy.
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Social Security cards and $100 bills
How Does Inflation Impact Social Security Benefits? Investing & Retirement June 8, 2022
ARE YOU IN YOUR 60sand worried about rising consumer prices? It’s worth understanding how inflation affects Social Security benefits—especially its…
4 Factors That Help Make Investors Successful
4 Factors That Help Make Investors Successful Investing & Retirement June 8, 2022
A FEW WEEKS BACK, I discussed the notion of “the four horsemen of the investor apocalypse.” A concept proposed by Morningstar Managing Director Don Phillips,…
Should You Continue Working After Starting To Collect Social Security Benefits?
Should You Continue Working After Starting To Collect Social Security Benefits? Investing & Retirement June 6, 2022
SOCIAL SECURITY’Scomplexity never fails to surprise. While many retirees have some sense for what factors determine the size of their…
How Inflation Obscures the Real Value of the Dollar
How Inflation Obscures the Real Value of the Dollar Money & Credit May 20, 2022
DO YOU SEE THINGSclearly when it comes to money? Here’s a test to find out. Which of the following scenarios…
10 Rules for an Enjoyable Retirement
10 Rules for an Enjoyable Retirement Investing & Retirement May 18, 2022
WANT A HAPPIER,more fulfilling retirement? You work your entire life to get there, and you want to make the most…
Should Retirees Be Nervous About the Stock Market Right Now?
Should Retirees Be Nervous About the Stock Market Right Now? Investing & Retirement May 10, 2022
EVERY MARKET DECLINEis different, but all of them can feel unnerving, even for the most steadfast of investors. Spooked by…
How This Man Overcame His Biggest Financial Blunder: A Failed Business
How This Man Overcame His Biggest Financial Blunder: A Failed Business Business & Entrepreneurs April 15, 2022
IF YOU ASKED MEabout my financial life, I could regale you with stories about working the swing shift at the…
What Is the Best Way To Withdraw Money in Retirement?
What Is the Best Way To Withdraw Money in Retirement? Investing & Retirement April 5, 2022
LOTS OF RESEARCHhas been done on the best way to generate retirement income. It’s one of the most popular topics…
10 Questions To Help You Squeeze More Happiness Out of Your Financial Life
10 Questions To Help You Squeeze More Happiness Out of Your Financial Life Save Money March 29, 2022
COULD YOU SQUEEZEmore happiness from your dollars? Here are 10 questions to ponder: Which expenditures from the past year do…
Your Credit Score May Help Lower Your Auto and Home Insurance
Your Credit Score May Help Lower Your Auto and Home Insurance Insurance March 28, 2022
I RECENTLY STUMBLEDon a way to save a significant sum on my home and auto insurance. While I knew that…
Ask Yourself These 8 Money Questions To Gain Perspective
Ask Yourself These 8 Money Questions To Gain Perspective Money & Credit February 22, 2022
MONEY MAY SEEMimportant—and it is. But it isn’t nearly as important as we imagine. Want a little perspective on your…
Why This Retiree Isn’t Afraid To Spend Money
Why This Retiree Isn’t Afraid To Spend Money Investing & Retirement February 18, 2022
THE DRUMBEATof “retirement crisis” is much too loud. While 54% of retirees believe there’s a national retirement crisis, just 4%describetheir…
Why a Financial Analyst Switched to a “Do-Nothing” Investment Strategy
Why a Financial Analyst Switched to a “Do-Nothing” Investment Strategy Investing & Retirement January 28, 2022
I ONCE JOINEDa book club led by an amazingly smart guy. We were reading a challenging book by Nassim NicholasTaleb,…
A Retiree Shares His 5 Best Money Moves in Retirement
A Retiree Shares His 5 Best Money Moves in Retirement Investing & Retirement January 19, 2022
WHEN FOLKS TALKabout their best financial decisions, they’ll often mention the investments they bought. But my list is quite different.…
Are You Investing or Gambling?
Are You Investing or Gambling? Investing & Retirement December 21, 2021
MANY TIMES IN MYcareer, I’ve heard people say, “The stock market is just one big casino” or “Buying stocks is…
Why I Decided To Stop Obsessing Over My Investment Portfolio
Why I Decided To Stop Obsessing Over My Investment Portfolio Investing & Retirement December 17, 2021
TWO MONTHS AGO,Ifessed upto my addiction to financial market news. Despite knowing better, I’ve followed the markets closely for years…
4 Questions To Ask Yourself Before Retiring Early
4 Questions To Ask Yourself Before Retiring Early Investing & Retirement December 10, 2021
I RECENTLY LEFT MYjob without having another lined up. Upon quitting, I noticed an immediate mindset shift: I went from…
Are We Heading Into a Recession?
Are We Heading Into a Recession? Money & Credit November 3, 2021
I’M PLAYING ECONOMISTtoday, looking ahead to third-quarter GDP, thefirst estimateof which was released Thursday. No, I won’t be offering a…
The 5 Big Mistakes This Career-Long Banker Made in Retirement
The 5 Big Mistakes This Career-Long Banker Made in Retirement Investing & Retirement October 26, 2021
IT’S EMBARRASSINGto admit in a public forum that I failed at retirement. But I’m doing so—because I think people can…
A Unique Way To Think About Spending Money
A Unique Way To Think About Spending Money Money & Credit October 25, 2021
A LOT OF INK HASbeen spilled over young people’s spending decisions and the impact on retirement savings. Whether it’s a…
Is 65 the Best Age To Retire?
Is 65 the Best Age To Retire? Investing & Retirement October 19, 2021
ONE OF THE VERYbest financial decisions is available to almost every American worker. That’s the good news. The bad news:…
9 Things To Do Before You Quit Your Job and Retire
9 Things To Do Before You Quit Your Job and Retire Investing & Retirement October 14, 2021
IMAGINE YOU PLANto retire next year. What can you do beforehand to gain the most later on? Here are some…
6 Things Retirees Often Overlook
6 Things Retirees Often Overlook Investing & Retirement October 5, 2021
PERSONAL FINANCEpundits love to debate safe withdrawal rates—the amount a retiree can withdraw each year from a portfolio without depleting…
Why You Should Ignore the Free Dinner Invitation in Your Mailbox
Why You Should Ignore the Free Dinner Invitation in Your Mailbox Investing & Retirement September 30, 2021
HOW LUCKY I WASto be the recipient of a dinner invitation to Ruth’s Chris. I love a sizzling ribeye, so…
Vanguard Is Cutting Costs of Its Target-Date Funds Soon
Vanguard Is Cutting Costs of Its Target-Date Funds Soon Investing & Retirement September 29, 2021
VANGUARD GROUPrecently announcedsignificant price cuts for its fleet of target-date retirement funds. Currently, investors can own a Vanguard target fund…
This Decision Could Increase Your Social Security Benefit by 8% Each Year
This Decision Could Increase Your Social Security Benefit by 8% Each Year Investing & Retirement September 28, 2021
“SHOULD YOU BUYan annuity from Social Security?” That’s the title of apaperreleased by Boston College’s Center for Retirement Research (CRR)…
3 Personal Finance Rules You Can Consider Breaking
3 Personal Finance Rules You Can Consider Breaking Money & Credit September 21, 2021
I’M NOT A RULEbreaker. In the nearly 40 years I’ve had a driver’s license, I’ve received just one traffic citation.…
12 Horrible Investment Mistakes
12 Horrible Investment Mistakes Investing & Retirement September 14, 2021
WANT TO IMPROVEyour investment results? The deadly sins below are not only among the most serious financial transgressions, but also…
Is This Investing Approach Better Than the 4% Rule?
Is This Investing Approach Better Than the 4% Rule? Investing & Retirement September 10, 2021
THE MUCH-DEBATED 4%rule—which Iwrote aboutback in July—is a popular way to think about portfolio withdrawals in retirement. But it isn’t…
6 Tips To Stop Worrying About Your Investments
6 Tips To Stop Worrying About Your Investments Investing & Retirement September 7, 2021
TODAY’S STOCK MARKETreminds me of Charles Dickens’s famous line: “It was the best of times, it was the worst of…