Peng Chen Ph.D., CFA and Roger Ibbotson Ph.D. suggest some retirement savings guidelines based on net pre-retirement income. Read the full article here >>
Robert Brokamp notes: “Want to become a millionaire? Then perhaps you should start by studying the behaviors of people who have done it. But don’t worry – you don’t need to stop the next Mercedes you see and ask the driver intrusive questions, because two authors have done all the work for you. One of Read more about Nine Lessons in Wealth-Building[…]
Evan Simonoff reports “If the New Normal prevails—meaning a 4.5% real annualized rate of return on equities and a 1.5% real returns on bonds—then standard retirement rules like Bill Bengen’s 4.5% withdrawal rate for retirees and a 15% savings rate for workers won’t cut the mustard.” Read the full article >>
It’s a little scary that this article even had to be written, but Carl Richards re-affirms what “millionaire-next-door-types” have always known: Living frugally and investing your savings prudently is far more important to wealth-accumulation than trying to “beat the market”. The former has an almost 100% chance of success, while the latter an almost 0% Read more about What If Financial Success Is About Saving More?[…]
Andrea Coombes notes that a fair number of people believe that early retirement is an unachievable goal. They would be wrong . . . Read the full article >>
Jim Dahle, MD, posts a wake-up call for retiring physicians: “When it comes to planning for retirement, there are three concepts that physician investors often misunderstand. Unfortunately, two of these three constitute “bad news” that I hate to deliver to the ‘patient.’” Read the full article . . .