Today is Thursday. I’m J.D. Roth. And you are a money nerd. That means we’re all in the right place! Today at Apex Money, the four links (and one video) all require a certain amount of nerdery. They cover topics like student loan stats, net worth, and retirement spending. Boring to average folks. Exciting to Apexians like us. 😉
Who holds the student-loan debt? [Of Dollars and Data] — “Regardless of how you might feel about these ideas, there are many good discussions to be had about how to fix the student loan problem. I can only hope that, despite the complexities involved, we find a solution that works for everyone.” This is another interesting and nuanced discussion of a complex topic. [See also: Personal-finance creators share thoughts on student-loan forgiveness at Michelle Is Money Hungry and Some things I do and don’t like about student loan forgiveness at A Wealth of Common Sense]
A humanistic concept of net worth. [Money and Meaning] — “Financial net worth is an advantage that some leverage for good and others flaunt or squander or worse. When I think about net worth I use a different measure. My assets are the relationships I’ve nurtured, the growth I’ve earned through deep exploration, my creative capacities, the perspectives I’ve gained by traveling the world, the beauty that I surround myself with, my curiosity AND the financial resources I’ve worked for.”
How much do retirees spend on uncertain health costs? [Center for Retirement Research] — “Lifetime health care spending by retirees above and beyond predictable premiums is high and uncer- tain. However, Medicare, Medicaid, and other insur- ers cover a large portion of these expenditures. As a result, 65-year-old households pay, on average, $67,260 in out-of-pocket costs over their remaining lifetime, which is about one-fifth of total non-premium costs.”
What a $2 million retirement looks like in the United States. [The Wall Street Journal] — “We spoke in depth with four retirees who saved enough to build comfortable retirements, with net worths ranging from roughly $2 million to $4 million. They shared insights about how they spend their time and money, what has given them joy or anxiety, and how their expectations of life in retirement measured up to the reality.”
For once, today’s video is about personal finance. Here’s our buddy, Rob Berger, with a 45-minute video on YouTube. It’s a beginner’s guide to bonds.
Sound boring? Okay, bonds are a bit boring. But if you’re an investor, it’s important to understand how they work. And Berger is one of the best at taking complex, boring topics and making them digestable for folks like you and me.
Okay, that’s all for today. I’ll see you tomorrow as we head into the weekend…