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Found 14 results

  1. https://www.forbes.com/sites/camilomaldonado/2019/10/07/formula-retirement-savings-is-broken/#7bfed07e4ceb The Trinity Study has become so well-known, that it has been adopted by hopeful retirees from all walks of life, including those hoping to retire early. The FIRE movement (Financial Independence, Retire Early) is a lifestyle movement with the goal of allowing individuals to retire as early and quickly as possible. However, one detail that the movement is getting wrong and completely missing, is the fact that the Trinity Study’s 4% rule of thumb was based on a 30 year retirement period.
  2. Good basic info here that spells it out!! https://www.forbes.com/advisor/investing/how-to-create-a-3-fund-portfolio/?utm_source=category&utm_medium=edit&utm_campaign=etfs
  3. This might help you understand fees in annuities. Fees are more than you might think and often well hidden. https://www.forbes.com/sites/davidrae/2019/07/01/variable-annuity-fees/#28527fea7de2 As you read this keep in mind your teacher pension is in itself an annuity as is social security so it might not be wise to buy annuities and instead better to invest in low cost index funds outside an annuity.
  4. Here is a lengthy article on escaping annuities with examples. Please feel free to comment. Fairly comprehensive info. https://www.forbes.com/sites/davidrae/2019/07/25/what-is-the-best-way-to-escape-a-dreadful-annuity/#6159d9c932e2 As you read this keep in mind your teacher pension is in itself an annuity as is social security so it might not be wise to buy annuities and instead better to invest in low cost index funds outside an annuity.
  5. Retirement is the #1 financial worry with 65% of Americans worried about it and a majority thinking about it 4 times per week. The core problem is uncertainty - people have no idea how much they need, because we have created a system around building assets instead of income. https://www.forbes.com/sites/stephenchen/2018/12/06/why-retirement-is-broken-and-needs-to-be-reinvented/#7feae4aa47cc
  6. https://www.forbes.com/sites/trangho/2017/04/12/how-to-beat-90-of-mutual-fund-managers-in-the-long-run/#594872894257
  7. “People spend too much money,” Bernstein states in the book. “They decide that they need the newest iPhone, the most fashionable clothes, the fanciest car or a Cancun vacation…Life without these may seem spartan, but it doesn’t compare to being old and poor, which is where you’re headed if you can’t save.” Since Steve reposted a great video from Frontline, I want to follow suit by reposting a great short book by William Berstein. Berstein has written many other books but the one here below is his shortest most concise book which easily fits on a PDF file called How Millennials Can Grow Rich Slowly. I also posted an introductory summary article that came from Forbes. Teachers don't get fat salaries or golden parachutes nor can anyone guarantee the future of defined pension plans much less Social Security. For these reasons the younger folks here need to think seriously about building their wealth in multiple ways so that if one area does not pan out as expected you can still make it in your retirement years. Introductory article: AWESOME http://www.forbes.com/sites/johnwasik/2014/05/07/the-simplest-wealth-plan-ever/#12c989fe2b73 Actual Mini Book AWESOME !!!!!! https://dl.dropboxusercontent.com/u/29031758/If%20You%20Can.pdf Tony
  8. Low costs seems to matter in both active and index funds. The current thought is that active funds will now outperform because all stocks won't all rise going forward but certain stocks will. That stock picking matters.If you prefer active management it seems Vanguard managed funds would be the only good alternative to index funds because of very low expense ratios. I will stick to index funds even though there might be some truth to a coming possible shift. https://www.forbes.com/sites/michaelfoster/2017/04/14/here-are-the-best-vanguard-funds-to-buy-theyre-not-the-ones-you-think/#65f58c7499c2
  9. This type of attack doesn't surprise me. Please share your comments. I see some serious flaws to his argument. https://www.forbes.com/sites/michaelfoster/2017/03/21/14-funds-that-crush-vanguard-and-yield-up-to-11-9/#1430a69b282a
  10. No intro needed!! https://www.forbes.com/sites/robertberger/2017/02/25/buffetts-letter-to-berkshire-hathaways-shareholders-puts-a-bullseye-on-investment-fees/#433ee7713fad
  11. https://www.forbes.com/sites/hbsworkingknowledge/2017/02/15/vanguard-trian-and-the-problem-with-passive-index-funds/#414483901678
  12. “Knowing how financial advisors are compensated is a key question to ask,” http://www.forbes.com/sites/charlesschwabadvisor/2016/12/09/what-you-need-to-know-about-how-your-financial-advisor-gets-paid/?sr_source=lift_facebook&nowelcome&utm_source=facebook&utm_medium=referral&utm_campaign=charlesschwabadvisor#6d68ece0577d
  13. http://www.forbes.com/sites/johnwasik/2016/01/25/how-to-purge-your-401k-of-toxic-funds/#42b2c9c26680
  14. This is a story about two guys by the name of Steve and Dan. http://www.forbes.com/sites/nextavenue/2015/06/11/how-to-retire-well-after-big-investment-mistakes/
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