by Jay Beattey | Aug 1, 2013 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
If you’re old enough to remember the Great Depression – or “It’s a Wonderful Life,” then you know that banks haven’t always been the safest place to keep money. In fact, FDIC insurance came into existence after massive bank failures during the Great Depression....
by Jay Beattey | Jun 30, 2013 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
Joe and Mary were looking forward to a life of travel and golf. They’d retire with $40,000 in tax-free Social Security benefits, and supplement it with $55,000 they planned to draw from their former 401k’s – now IRAs. Sure there’d be $10,000 in taxes on the IRA...
by Jay Beattey | Jun 30, 2013 | Articles, Wall Street, Wealth Building
Equity markets have pulled back 8% from their mid-May highs based on Fed Chairman Bernanke’s hint that an end to our near zero-interest-rate climate may be at hand. But the worst may be yet to come. Employers are starting to get serious about how they’re going to...
by Jay Beattey | Jun 10, 2013 | Articles, Personal Finance, Retirement, Wall Street, Wealth Building
Joe and Mary were looking forward to a life of travel and golf. They’d retire with $40,000 in tax-free Social Security benefits, and supplement it with $55,000 they planned to draw from their former 401k’s – now IRAs. Sure there’d be $10,000 in taxes on the IRA...
by Jay Beattey | Jun 10, 2013 | Articles, Wall Street, Wealth Building
All winter, we’ve been buying tomatoes. Now that Spring is finally here, we’re growing our own. I bought a pack of seeds in January for $.65, plus $.04 in sales tax. According to the package, I’ll get about 100 pounds of tomatoes this summer. The same 100 pounds of...
by Jay Beattey | May 31, 2013 | Articles, Personal Finance, Retirement, Wealth Building
It sounds like a silly question – but the shocking truth is that hundreds of thousands of people will do just that over their lifetime. Could you be among them? Consider this – an investor who saves just $1,000/month from age 25 to 70 – stops – then draws...
