When one reads typical retirement advice, they’re often told that beginning in retirement they should start withdrawing about 4% of their portfolio for living expenses each year. The 4% rule is standard retirement advice that gets cited all the time since it’s considered a safe withdrawal rate for the average retiree. However, the downside of this plan is that the [...]
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I found this great post on Get Rich Slowly that talks about why everyone should save for retirement. Even though most of us are a long way off from calling it quits the article makes some excellent points on why we should still save/invest. Some of us may even love our current careers so much [...] |
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How Not To Invest For Retirement
Successful investing isn’t easy. In addition to having a basic level of financial competency, successful investors must also exhibit a high degree of discipline and emotional control. Without all three of these characteristics an investor’s returns are likely to disappoint. After all, one can be as financially astute as Warren Buffett or George Soros; however, [...]