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Subject:  Re: Investing/Retirement Primer Date:  12/25/2018  2:22 PM
Author:  intercst Number:  91241 of 99346

Dilbert creator Scott Adams has everything you need to know on one 8-1/2 x 11 sheet.

Scott Adams’ Financial Advice


I've found that financial planning can be reduced to three numbers.

The 4% rule

Everyone here is familiar with it.

The 2% rule

If you can hold on to most of the 2% per year or so that the average mutual fund and financial advisor skim from their clients annually, you'll only need to save about half as much money for retirement.

Income required for a $0/month Obamacare Plan

There's a big difference in health insurance costs between the Red States and Blue States. If you live in a Red State that hasn't done the Obamacare Medicaid Expansion your state isn't getting billions of dollars per year in Federal Funds and your private insurance premiums are being jacked to make up the shortfall. In my zip code in Washington State you can now get a $0/month Bronze Plan with an income of more than $40,000. That's a 4% withdrawal from a $1 MM+ portfolio.

If you live in a Blue State with strong, consumer-focused insurance regulation you can get likely get an unbelievable bargain on health insurance. When I lived in Texas, I expected to be paying about $20,000/yr for health insurance at age 60. My 2019 Obamacare premium in Washington State at age 63? The princely sum of $1.63/month -- less than $20/year.


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