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 | Aug 29, 2014 | Articles, Personal Finance, Retirement
“Pack the car mama – we’re gonna live on Easy Street.” That’s the refrain I hear as the stock market continues to defy gravity and set weekly records. Everyday folks are running to the mailbox to see how much richer they are this month than last. I hate to burst your...
by Jay Beattey | Aug 19, 2014 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
Many people ask my opinion about the Roth IRA. My short answer is that they’re the second best deal out there – so I’m a pretty big fan. But the Roth has its limitations. Many people don’t qualify because of income and other limitations. My experience (and...
by Jay Beattey | Aug 8, 2014 | Articles, Retirement, Wealth Building
I’m struck by how many people are sucked into believing that tax-deferred accounts (401ks and the like) are better than after-tax accounts. News Flash: “there is no advantage to tax deferral.” Given a choice of investing $100 pre-tax, or its $70 after- tax equivalent...
by Jay Beattey | Jun 25, 2014 | Articles, Retirement, Wall Street, Wealth Building
Every decade or so – a new virus emerges that fear mongers hype as “the one” that will wipe out the human race. It never turns out to be quite as bad as projected of course – but it does make for sensational conversation. Well there is a virus of sorts that’s on the...
