Are Comfortable Retirements Becoming Extinct?

Twenty years ago, a financial advisor named William Bengen identified a disturbing trend. Retirees, who used to be able to count on Social Security and pensions, were starting to depend upon their own savings to manage retirement.   This problem is even more acute today, as companies have largely abandoned pensions in favor of 401(k) […]

Where Fantasy Football Meets Retirement Planning

From what I can find on the Internet, it’s estimated that 40 million people will play fantasy football this year. In contrast, 50 million Americans have 401(k) accounts. The numbers aren’t too far off.   I admit, I’m one of the fantasy folks. The other day, while tinkering with my lineup, the thought hit me […]

How black swans can impact your retirement

    As a 10 year-old altar boy I drank 3 milkshakes right before serving a wedding mass…   … and threw up on the bride during the service.   Not pretty – especially the janitor trudging onto the altar with a bucket and mop to clean up the mess.   I was as surprised […]

How a brilliant doctor lost thousands

Think you’re having a bad day?   I just read in THE WEEK that the American author of Fiesta: How to Survive the Bulls of Pamplona was recently gored by… a bull… in Pamplona.   Fortunately he survived but the doctors had to operate; he had his credibility removed.   Speaking of doctors, a physician […]

The #1 Regret of Millionaires

OK, quick quiz … In a recent survey, millionaires from Europe, Asia, Africa, the Middle East and the United States were asked to name their biggest financial regret. Can you guess the correct answer?   A)    Not paying close enough attention to asset performance B)    Took too much risk C)    Too much debt D)    Missed out on a blockbuster […]