Tag: Personal Investments
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Beating the 4% rule in retirement has become even easier
[ad_1] The 4% rule is out of date, but not in the way you think it is. It actually is too conservative. I’m referring to the retirement spending rule that was made famous by a 1994 article by financial planner William Bengen. He arrived at this rule by examining the historical performance of U.S. stock…
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‘I like Warren Buffett’s approach’: I’m 64. How do I invest a $400,000 windfall?
[ad_1] My wife and I are nearing retirement. I’m 64 and my wife is partially retired with full retirement income after 30 years of teaching. We live a modest life and have accumulated nearly $1 million in combined savings and 401(k). In about 8 months, I expect to see a windfall of about $400,000 come…
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Gold should be dead, but somehow it’s still adding value
[ad_1] Why isn’t gold dead yet? It hasn’t served a vital economic function since the government stopped treating it as money back in 1971. Actually you could argue it stopped being necessary long before that. Yes, people still use it in jewelry. They also use it in some technological equipment, and sometimes in dentistry. But…
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Opinion: Why I hate Amazon Prime Day
[ad_1] Here’s a quick question. If some useless stuff that you are going to forget about in a few months, weeks or even days is marked down in a sale from $100 to $10, and you snap up this amazing bargain before it expires, how much have you saved? If you answered “$90,“ being the…
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Guggenheim sees ‘great opportunities’ despite a potential recession. Here’s the playbook it recommends.
[ad_1] The chance of a U.S. recession occurring by the end of the year are “relatively high,” while inflation is likely to fall towards 3%, according to Guggenheim Partners Investment Management, which has over $190 billion in fixed income assets. While recent economic data may point to a “rolling recession, rolling expansion environment, … the…
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Military advisor charged with defrauding Gold Star families out of millions
[ad_1] A financial counselor for the Army has been charged with defrauding the families of military personnel, who died in the line of duty, out of millions of dollars in death benefits, steering their funds into risky investments to generate gains for himself, prosecutors said. Caz Craffy, 41, of Colts Neck, N.J., had been assigned…
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Your retirement lifestyle is largely determined by this surprising thing
[ad_1] Most of what we focus on when planning for retirement makes little long-term difference. The single biggest determinant, having more importance than all other factors combined, is the performance of the stock and bond markets. We nevertheless tend to ignore the powerful role they play because we are helpless to alter their future course.…
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The economy didn’t crater in the first half of 2023 — and that means Wall Street was very wrong
[ad_1] The way to make money in the first half of 2023 was to declare your independence from Wall Street. At the start of the year, the top forecasters were predicting the S&P 500 would have a bad first half, as the U.S. would slide into recession. Reality? The S&P 500 turned in a stellar…