yankees60 wrote: Thu Sep 04, 2025 12:16 pm
I am finalizing my new investment plan.I’ve got this far primarily due to the assistance of a fellow Boglehead who has been extensively and patiently working with me since March. This fellow Boglehead has extensive knowledge of investing both from holding high positions in financial firms and from experience doing his own personal investing. I quickly trusted his advice early on and have continued to do so.
Quick picture of me is:
Age: 74 years old
Heirs: None and with no desire for leaving money to any charity. I’ve been an inside person to several of them and do not approve of some wasteful spending I’ve observed.
Income / Expense: My Social Security is covering my normal annual expenses. I also have self-employment income. It’s been in the about $20,000 range. I’m estimating going forward for it to be in the about $15,000 range. At some point it will end. Guessing it might end after 2027. Though could end before or after. Don’t need the income but it is challenging work. Once I stop that there will no longer be any challenging paid work unless I decide to take on some short-term work.
Future non-annual expenses: I’m just completing today the last expenditure for my house (a new kitchen floor). I cannot see anything else I’m going to have to spend for my house for upgrades or maintenance.
My next car will most like be a new one. Probably a Toyota hybrid that I guess would cost $25,000 – $30,000? But that will not be until my current 2004 Honda Accord with only 173,000 miles on it and driving less than 5,000 miles a year finally should no longer be used. I’m willing to spend $2,000 a year to keep it going. It provides me all I need from a vehicle.
Long-Term Care: For planning to live to 104 and paying people an increasing amount of hours per day starting at age 82 came up with an estimate of $4 million in today’s $$$! That was a completely shocking exercise. Obviously all of it was laden with wild guesses.
Investment coverage for Expenses. As stated above Social Security fairly much covers my annual expenses. If I had no Social Security my current investments would cover my current expenses 50 to 60 times. So should not need much of my investments to cover expenses but their main use will be to cover the Long-Term Care expenses.
Is there anyone here who can surpass me in being the ultimate Buy and Holder?
In January 2003 I made my grand investments. Since then there have been no further additions or withdrawals to any of these accounts. All dividends have been re-invested.
All new money saved since then has gone into cash.
Here are that January 2003 investment and what it looks like today:
As of today here is what the various breakdowns of my investments look like:
This is the plan as it now stands (subject to being finalized):
If the above is too tiny for you to read you can go here to download it and then view on your own device.
Thanks for any review you may provide to me!
