Retirement Plans: Last Week Tonight with John Oliver (HBO)

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Recommends whamlastxmas · 2016-07 · on “Ask HN: How do you manage you money?”

You might like this: [this video] My personal method is to have a standard of living high enough that I don't have to really think about it much. A small amount of discomfort, but not much. I'm a naturally frugal person so it's not so bad. I have a single credit card, a single debit card, and various Vanguard accounts (IRA, Roth IRA, Brokerage). I keep a few months of cash liquid in the bank account, whenever it gets a couple thousand over that I transfer it to my Vanguard accounts. Vanguard is very easy to manage. About an 80/20 mix between US and international, and an 80/20 mix between stock index and bond index for both US and international. So only 4 index symbols to deal with and rebalance e

Recommends alecst · 2021-10 · on “Ask HN: How to start learning about investments?”

John Oliver had a great bit on retirement plans [1] if you're interested in passive investing. I've pretty much only followed this advice since 2016, with minor changes accounting for my personal situation. My Vanguard portfolio has tracked the market, which means my annualized rate of return is about 12%, at an expense ratio of .1% (how much I pay in fees of that original 12%.) Of course that won't last forever, but it's a good balance of risk and return. A bank account usually pays around .25-1% a year. Active investors, on average, do as well as passive investors, but incur greater costs. [2] I only "actively invest" for fun, and as a way of connecting with my friends and family who also

Recommends giorgioz · 2022-01 · on “What I learned from a year of watching bad financial advice on TikTok”

ETF aren't rocket science. They are not super easy either, maybe 2-4 weeks of research. It's quite probably they will literally DOUBLE your savings when you will retired. And you will be able to retire when you say so not when the governments tells you that you can. There are 2 types of pensions funds essentially. 1) The ones that do not save money. You pay pensions taxes now that just go to pay the people retired today. Believe it or not the vast majority of governments pension funds are like this. In Italy it's like this. You IRPEF money doesn't go in an investment, it pays the retirees of today. Now just wait and see what we'll happen with life expectancy increasing and population reducti

Cites papito · 2022-06 · on “Major crypto lender Celsius freezes withdrawals as markets tumble”

That's why I have a problem with someone else managing my money (outside of direct fund managers, of course, who take a fixed percentage fee and are incentivized to have the fund grow, not to fleece me). [this video]

Cites elevation · 2026-05 · on “New York, California pension leaders oppose 'extreme' SpaceX control structure”

> Social Security replaced with an index Yes please! I learned just how bad of a deal Social Security is when an employer (a bootstrapped startup) offered a predatory 401k plan. It was free for my employer to setup but the employees were stuck with extremely high fees. It was so bad that John Oliver made an episode[0] about it! Yet, even for the worst 401K plan in America, the projected retirement returns were 1600% of the Social Security returns. Even America's worst 401K would be better for the average consumer than the federal debacle Uncle Sam should sunset SSI and allow citizens to select from and move freely between a number of accredited funds. [0]: [this video]