by Jay Beattey | Nov 22, 2014 | Articles, Insurance, Personal Finance, Retirement
Good news from the non-profit Society of Actuaries – you’re likely to live longer. Since “mortality” tables were last updated in 2000, the average 65-year old woman will now live 88.8 years (up from 86.4 in 2000); and men will live to 86.6 (up from 84.6 in 2000).
by Jay Beattey | Nov 6, 2014 | Personal Finance, Retirement, Wall Street, Wealth Building
If Warren Buffet has a counterpart – it’s John Bogle, retired founder of the Vanguard family of mutual funds. Bogle has gathered a crowd of followers over the years who call themselves Bogleheads. The Bogleheads had their annual meeting a couple of weeks ago, and...
by Jay Beattey | Oct 23, 2014 | Millennials, Retirement, Wall Street, Wealth Building
Over the past 5 years, I’ve informally polled audiences on their opinion of future tax rates. “Do you think tax rates when you retire will be higher or lower than they are today?” Everyone thinks future tax rates will be higher. We’re resolved to the reality that $17...
by Jay Beattey | Oct 15, 2014 | Articles, Retirement, Wall Street, Wealth Building
In one of the most famous scenes in movie history, Clint Eastwood’s legendary character – Dirty Harry – has caught up with his perp after a frenzied chase during which Harry Callahan had taken several shots and missed. Drawn down on his now cornered...
by Jay Beattey | Oct 10, 2014 | Articles, Retirement, Wall Street, Wealth Building
My last article talked about a research report showing that after deducting fees, expenses, and loads from mutual fund gains, the vast majority fail to outperform their benchmark index – meaning the unmanaged market often performs better than managed mutual funds. But...
by Jay Beattey | Sep 4, 2014 | Articles, Wall Street, Wealth Building
A recent S&P/Dow Jones Indices study came to the conclusion that those well-dressed, highly-compensated mutual fund managers (whom you and I are paying) – with all their research, glossy brochures, and inside access – aren’t all they’re cracked up to be. The...
