Add to Cook's impeccable timing, that he stepped out of CEO role and into Chairman on exactly his 65th birthday, the very day he became first eligible for his pension

▲

retired 7 hours ago | parent | next [-]

Being eligible for Medicare, Cook can finally afford to retire.

▲

aworks 6 hours ago | parent | next [-]

Likewise he can probably defer his Social Security payments until 70, in order to get the higher benefit...

+1 for Medicare for the non-rich, though. I'm a retiree and the monthly payment is about 1/4 of what I was paying for health insurance before I was eligible.

▲

PopAlongKid 4 hours ago | parent | next [-]

> the monthly payment is about 1/4 of what I was paying for health insurance before I was eligible.

Maybe not, if you take into account the >$500/month subsidy of your Medicare Part A benefits (assuming you had the minimum number of calendar quarters paid in). And your Part B payment (the one usually deducted from your Soc Sec payment) is also partly subsidized unless your income is high enough to trigger IRMAA adjustment.

▲

reducesuffering 5 hours ago | parent | prev | next [-]

> defer his Social Security payments until 70, in order to get the higher benefit

People repeat this but when I ran the math on earlier Social Security payments it seems like the accrued $, by the time you're eligible for the higher benefit, is plenty similar as bonus income.

	▲	aworks 2 hours ago \| parent \| next [-]
		I'm not following this advice for now but a recent post about not delaying https://nesteggcare.com/why-would-you-delay-the-start-of-soc...
	▲	PopAlongKid 4 hours ago \| parent \| prev \| next [-]
		It also helps to spread your lifetime Soc Sec benefits over more tax years, thereby lowering the total tax you pay (because pushing higher payouts into fewer tax years by delayed filing will typically increase your marginal tax bracket).
	▲	rootusrootus 4 hours ago \| parent \| prev [-]
		Yeah it's definitely not one-size-fits-all advice. Depending on what your IRA/401k situation looks like, taking SS right at 62 may be the financially superior choice as it reduces your early draw down on the investments.

▲

lateforwork 5 hours ago | parent | prev [-]

But is Medicare as good as the insurance you had before?

▲

BugsJustFindMe 4 hours ago | parent | next [-]

I can't speak for aworks, but most of the people I've spoken to on it, like my mother, say it's better than the private insurance they had before.

▲

lokar 3 hours ago | parent | next [-]

I’m going to need to buy on the individual market. Talking to a broker he said Medicare is a great deal, and you should take it if you can.

▲

aworks 2 hours ago | parent | prev [-]

For general medical coverage, it was better for my Mom and now it seems better for me. Some things are not covered with traditional Medicare e.g. dental and vision.

▲

BugsJustFindMe 2 hours ago | parent [-]

Dental and vision aren't covered by private medical insurance either, and private dental insurance typically has max annual payouts low enough (like $1k/1.5k) to make it basically a scam unless you know you'll actually get use out of it.

	▲	aworks an hour ago \| parent [-]
		I had a separate dental insurance policy but as you suggest, it didn't make much sense and I dropped it. So yes, dental/vision was a wash versus private medical insurance. There are some other therapies I no longer have any coverage for under Medicare.

▲

Exoristos 3 hours ago | parent | prev [-]

A lot depends one what you do for Part C (if you do).

▲

caminante 6 hours ago | parent | prev [-]

With a fixed income, I'm worried he can't afford to upgrade his iPhone every year.

▲

jmkni 27 minutes ago | parent | prev | next [-]

Gotta hold out for that bus pass

▲

ikidd 7 hours ago | parent | prev | next [-]

Humor seems difficult for people.

Don't worry, I got it.

	▲	lvspiff 6 hours ago \| parent [-]
		At first I was thrown off by everyone calling him "Tim Cook"... we all know its pronounced "Tim Apple"

▲

boringg 7 hours ago | parent | prev | next [-]

[flagged]

▲

snowwrestler 7 hours ago | parent | next [-]

Tim Cook refreshing his 401k page every day to see if he’s ready to FIRE.

▲

ecshafer 6 hours ago | parent | next [-]

I know this is a joke. But when I was at Vanguard, something like 95-99% of our users literally just logged on, checked their balance and logged off. A decent percentage of the user base does that every day. So only a few percentage a day actually made a trade or anything else. I always found it pretty odd before I realized I only make a trade 1 or 2% of the time.

▲

snowwrestler 5 hours ago | parent | next [-]

That’s how Vanguard keeps their costs so low, they just set a full page cache with 86,400 TTL and only a few people notice.

▲

icedchai 6 hours ago | parent | prev | next [-]

I'm one of those users! I make a trade at Vanguard maybe every other month! I have another brokerage account I use for more active trading. My Vanguard account isn't "for" that, and the UI is so bad it kind of discourages it.

	▲	edm0nd 5 hours ago \| parent [-]
		This is the same way I treat my 401k platform too. I never touch it and only log in to check a balance a few times a year. I opened a RobinHood acct for my own lil side pot and projects that I actively buy/sell on.

▲

twoodfin 4 hours ago | parent | prev | next [-]

The mobile app now shows you your aggregate balance on the login screen as soon as you authenticate, which can be via Face ID.

▲

Barbing 5 hours ago | parent | prev | next [-]

>A decent percentage of the user base does that every day.

Do they weigh themselves every day too?

Kidding, I’m sure I’m ignorant of the rationale. Thought weekly, monthly would be better to understand trends or not get unnecessarily worried.

Maybe I’m so wrong the opposite is true.

	▲	rootusrootus 4 hours ago \| parent [-]
		I do weigh myself every day. But I only check Vanguard every week or so. I alkmost never actually do anything other than look, my investment style for my IRAs & 401k is "invest like a dead man" aka no touch.

▲

wslh 3 hours ago | parent | prev | next [-]

Decades ago, I worked with my uncle in a family shop. Every single day, he sent me to the bank to ask for the balance. Then, they innovated: a person at the bank finally started giving him the balance over the phone.

▲

ValentineC 5 hours ago | parent | prev [-]

> But when I was at Vanguard, something like 95-99% of our users literally just logged on, checked their balance and logged off. A decent percentage of the user base does that every day. So only a few percentage a day actually made a trade or anything else.

Most people just want to keep tabs on how that petulant orange manchild is wrecking their portfolio with his disgusting market manipulation antics.

▲

retired 6 hours ago | parent | prev | next [-]

"Should I use a 3.5% or a 4% safe withdrawal rate? My house is paid off and I got a company pension, two dogs and a partner. Cars are paid off but our iPhones are on a payment plan till 2028. Net worth around $2.5 billion but highly concentrated in one company"

▲

rootusrootus 4 hours ago | parent [-]

> Should I use a 3.5% or a 4% safe withdrawal rate?

Well...

> My house is paid off and I got a company pension, two dogs and a partner.

Kids? What are you planning for your estate after you croak? You can do a little better than 4% with an lifetime joint annuity for you and your partner, so long as you don't care about leaving anything to family...

	▲	FireBeyond 12 minutes ago \| parent [-]
		> You can do a little better than 4% with an lifetime joint annuity for you and your partner, so long as you don't care about leaving anything to family... "How are you spending your retirement with all that free time?" "SKIing" "Aren't you a bit old for that... wait, what?" "Spending Kids' Inheritance"