Monthly Archives: August, 2009

The magic number for retirement is four, as in a 4% annual draw on the initial balance of your retirement portfolio. Thus, if your portfolio totals $1 million, you draw $40,000 in year number one. In future years, you draw 4% or $40,000 annually, whichever is less.

The S&P 500 is up 15% since July 10 and up close to 50% from its March low. What’s the catalyst for recent gains? A strong…

I remember, as if it were yesterday, being asked by a wealthy gentleman for some advice and being prohibited from helping him...I felt so bad for him.

Last week, I wrote about a possible bubble developing in the Chinese stock market. If you missed it (we experienced some technical difficulties) you...

More than 75 million Americans began retiring last summer. And as a result of the ferocious 2008-2009 economic collapse, for thousands of them, retirement began a lot sooner than expected. Overall, jobs in the economy are being lost by the millions. See any winners here? I do, and big winners they will be.