by Jay Beattey | May 17, 2014 | Articles, Wall Street, Wealth Building
Okay – so I tend to rail on the cost of Wall Street fees and commissions. But I do so for two important reasons. First, it matters – a great deal. Second, most of us just don’t pay enough attention to fees. If we discovered termites eating away at our home, we...
by Jay Beattey | May 9, 2014 | Articles, Wall Street, Wealth Building
Most Wall Street types say retirees can safely draw about 4% of their account out each year as retirement income. So $1 million at retirement would mean about $40,000 a year in retirement income. They call it “the 4% rule” – although it’s really more a rule of...
by Jay Beattey | May 5, 2014 | Articles, Wall Street, Wealth Building
David McKnight’s book – The Power of Zero, asks a very interesting question: “What tax bracket do you want to be in when you retire?” Most of would us never ask ourselves such a question because we don’t think we have much influence over it. But that thinking can...
by Jay Beattey | Apr 23, 2014 | Articles, Personal Finance
I committed the cardinal sin of arguing with a client recently over what happened in the housing bubble of 2008. He owns a number of rental properties, and insists that greedy banks caused the mortgage collapse by writing bad loans. My take is a bit different – okay...
by Jay Beattey | Apr 17, 2014 | Articles, Wall Street, Wealth Building
Let’s face it – we’re not sooth-sayers and neither are our financial advisors. So from time to time – a market or an investment is going to stick us with a loss. No big deal. Get back on the up elevator and it will soon be a distant memory. But the truth is, losses...
