Curated articles, podcasts, and tools to help you on your financial journey
Want guac in your burrito bowl or extra legroom on your flight? A new financial guideline might help you decide. This Wall Street Journal article introduces a simple rule for worry-free spending decisions.
Read Article →It’s widely believed that people spend less in retirement than when they were working. One popular rule of thumb is that you will have to cover only 70% to 80% of your pre-retirement spending. That’s nonsense, according to researchers Edward McQuarrie and William Bernstein, who are writing a book with the working title “How Much You Must Save to Retire.” Several studies have shown that, on average, people spend around 93% to 97% as much in retirement as they did when they were working.
Read Article →Leave it to Wall Street to take a cheap, simple, elegant idea and junk it up with fees, complexity and opacity. That’s what’s starting to happen to target-date funds, the investment favored by tens of millions of people saving in 401(k)s and other retirement plans. A vehicle that couldn’t be easier to own may soon become too hard to understand. Many of these funds are getting cluttered with extra holdings. Things might get worse if so-called alternatives managers have their way and start stuffing illiquid, risky and often expensive private-markets assets into them.
Read Article →Tina stands for “there is no alternative.” Years ago, when interest rates were near zero and investors were acting as if stocks were the only choice, market strategist Jason Trennert of Strategas Research Partners popularized the term “the Tina market.” The latest argument for Tina comes from a newly updated analysis by a team of researchers who find that retirement savers shouldn’t own any bonds at all. Instead, according to this line of reasoning, investors should keep one-third of their savings in U.S. stocks and two-thirds in international stocks. The researchers advocate that you should hold all stocks, all the time—not only when you’re young and saving for retirement, but even after you retire, for as long as you live. If only stocks were a sure thing. In financial markets, nothing ever is. You can’t just take an analysis of the past, no matter how careful it is, and assume you can extrapolate it into the future.
Read Article →Breaking down the complex world of retirement planning and making it, kind of fun. This podcast helps you navigate retirement decisions with clarity and confidence.
Listen to Podcast →Know of a great article, podcast, or tool that helped you on your financial journey? We'd love to hear about it.
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