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 | Jul 9, 2014 | Articles, Wall Street, Wealth Building
Stock market valuations are at all time highs. When the market will experience its next correction – or what the triggering event will be is anybody’s guess – but it is coming. Just look at the S&P 500 over the last 6 years: 2013 32.42% 2012 15.88% 2011 2.07%...
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...
by Jay Beattey | Jun 20, 2014 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
Participants in 401k plans often tell me they pay no fees in those plans. So – they conclude – all my rants about the impact of fees on wealth don’t apply to them. Oh, contraire! Most of those 401ks are chock full of mutual funds – and mutual funds may be the...
by Jay Beattey | Jun 11, 2014 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
Chances are – these are pieces of advice you’ve heard before – perhaps even from people who love you (i.e. parents). But you may want to re-think conventional wisdom – and here’s why. 1. It takes money to make money. This self-limiting belief crushes dreams,...
by Jay Beattey | Jun 2, 2014 | Articles, Retirement, Wall Street
There’s not a whole lot of disagreement that another bubble is going to burst soon. The only debate is what “soon” means. The catalyst that brings on the next round of financial calamity may turn out to be a close relative of the catalyst that brought on the last...
