While there’s no evidence that Albert Einstein uttered the quip long associated with him about compound returns as the “8th Wonder of the World,” it’s not unreasonable to imagine the genius wit saying something just like that. When it comes to savings, compounding has wondrous qualities that become magical over time. That’s why the patient investor can […]
When Buy-and-Hold Results In Capital Gains Taxes on Retirement Read More »
It’s a popular lament on the right that Montgomery (Maryland) and Fairfax (Virginia) are the two richest U.S. counties in an income sense. Each abuts Washington, D.C. Get it? The above question isn’t meant to demean correct frustration with the size of government, but it is meant to show the limits of high, frequently
W-2 Earnings and Cash Are Far From the Path to Retirement Wealth Read More »
It turns out back-scratching is a profession. And a well-paid one at that. So is sleeping, videogame playing, and college sorority consulting. As automation and globalization continue to lay waste to the backbreaking work of the past, jobs associated with the most specialized of skill sets are exploding. It’s a beautiful development on its
An Easy Fix For Social Security Hides In Plain Sight Read More »
“Another bad decision is that I didn’t move any of my money from a traditional 401(k) to a Roth 401(k). Neither did my husband. So we have to take more withdrawals than we need right now and pay taxes.” Retirement expert Alicia Munnell said the latter in a recent Wall Street Journal interview. It’s no reach
Get Ready For Delayed and Lower Taxes on 401(k) Withdrawals Read More »
“My husband and I were going to retire at 65, but the house we owned was too big and too expensive. We downsized to a co-op. Working longer helped, too, both financially and because I love what I do.” As readers can likely guess, those are the words of retirement expert Alicia Munnell, director
Alicia Munnell’s Delayed Retirement Signals No Crisis Read More »
Songwriter extraordinaire Burt Bacharach died in 2023 at the age of 94. In a recent New York Times interview of Herb Alpert, the musician extraordinaire looked back to 2021 when Bacharach called. He was going into the hospital to have fluid drained from his lungs, but in between shots and draining his plan was to study
As ‘Tough Jobs’ Multiply, Retirement Parties Will Vanish Read More »
