Hot Off the Web- June 27, 2011 Personal Finance and Investments In WSJ’s “Banking on yourself: Is it ever OK to borrow from your 401(k)?” Jason Zweig gives and example where it might, but there are risks associated with it (e.g. requirement for immediate repayment if you leave your job). This is the case in […]
Hot Off the Web- June 20, 2011 Personal Finance and Investments In Barron’s “Best annuities”Karen Hube discusses (U.S.) annuity options, including immediate fixed payouts for life, immediate payout are term certain (e.g. guaranteed for 10 years, even if you die before), deferred fixed annuities with five year guarantee (i.e. annuity starts in the future with […]
Hot Off the Web– June 13, 2011 Personal Finance and Investments In Bloomberg’s “Investors prefer commissions to account fees, Cerulli study says”Elizabeth Ody reports the results of the latest study which indicates that: 47% prefer commissions, 27% asset based fees, 18% prefer retainer fees and 8% hourly fees. As to cost of advice: 33% didn’t […]
Hot Off the Web– June 6, 2011 Personal Finance and Investments In the WSJ’s “Pension plans for the rest of us” Anne Tergesen looks at some recommendations on how to convert savings into a retirement income stream. The scenario chosen is “married couple, both 65 years old and about to retire, with $1.7 million in […]
Hot Off the Web– May 30, 2011 Personal Finance and Investments Have maximum safe withdrawal rates dropped for recent retirees from the traditional 4% to 2%? My last week’s in-depth blog reviewed Wade Pfau’s “Safe savings rates: A new approach to retirement planning over the lifecycle” in which he extends Bengen’s work on SAFEMAX (maximum […]
Hot Off the Web– May 23, 2011 Personal Finance and Investments In the Financial Post’s “Change your ETF strategy, up your profits” Jonathan Chevreau laments that he is unable to take advantage of a switch from capitalization to fundamental index-based ETFs because of the tax implications of the sale. He indicates that recent fundamental index […]
Hot Off the Web– May 16, 2011 Personal Finance and Investments Read my summary of Wade Pfau’s very interesting paper in the Journal of Financial Planning entitled “Safe savings rates: A new approach to retirement planning over the lifecycle” (it might even encourage you to read the paper in its entirety). Pfau extends Bengen’s landmark […]
Hot Off the Web– May 9, 2011 Personal Finance and Investments In the Globe and Mail’s “It’s in your interest to know the deduction rules for borrowing”Tin Cestnick takes the reader through the rules, for making sure that interest is deductible, such as: “borrowed money used to earn income from a business, or property. Income […]
Hot Off the Web– May 2, 2011 Personal Finance and Investments Brett Arends writes in the WSJ’s “Retirement income? Annuities come up short” that more than likely annuities are not the answer for most retirees in today’s environment despite the fact that they will prevent you (at least nominally) from running out of money in […]
Hot Off the Web– April 25, 2011 Personal Finance and Investments In the Globe and Mail’s “Why paying more tax today may lower your overall bill” Ted Rechtshaffen says minimizing current year tax “is not necessarily good tax planning”; you should consider a multi-year view. Examples given are: consideration of starting RRSP withdrawals before 71 […]
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