Spend $80,000 or $20,000 a year In my experience clients most satisfied with their retirement income were those that "did the numbers" themselves. They created the income level they enjoyed in retirement by working the numbers backward to determine how much to save and invest. After estimating their Social Security and pension benefits, they decided they wanted $40,000 a year from investments. They knew that inflation will reduce their retirement dollar to fifty cents over time. That meant that they needed a nest egg of over $1 million in order to take $80,000 in future dollars ($40,000...

To re-balance, or not to re-balance--that is the question: Whether 'tis nobler in the mind to suffer The slings and arrows of outrageous fees] Or to take arms against a sea of charges] And by opposing ... end them. Inspired by William Shake-speare New research by Campbell Harvey, Duke, found that "investors need to understand that rote re-balancing is an active investment decision that increases risk. In an up market, you are selling soaring stocks; "all of a sudden your portfolio has done worse than if you had just let it run." Re-balancing kills compounding. Almost every broker/advisor...

Buffett as your investment advisor Warren Buffett is your investment advisor-without the fees The greatest investor of our time with a proven record of $67 BILLIONS, Buffett has provided FREE lessons and guidance for many years. We were just NOT listening. His comments and letters to shareholders since 1977 are FREE. He has explained not only the management of his fund; he has taught us how to invest and provided guidance on the trends of the times. http: //www.berkshirehathaway.com/letters/letters.html He has explained why we should NOT follow the advice of Wall Street. He has told us how...

Let your money GO LONG It takes time to score big. We have to let the play develop on its own. It is impossible to know the exact winning position in advance (next Apple stock). If we have a plan to receive our wealth in the end zone after enough daily practice exercises, we will win. We must practice every day in order to create long-term wealth. We must plan for wealth today. Most working people who became rich did not have a degree in finance. Most did not use hedge funds, Wall Street brokers or special overseas tax evasion schemes. They built wealth the old-fashioned way: They maximized...

You are at WAR with your broker/advisor Managed Accounts Earn 3.79% Market Index Accounts Earn 11% Your brokerage or advisory firm considers you as THE ENEMY. Wall Street is fighting to the death the proposed Fiduciary Rule. This simply requires your broker/advisor to offer you the best products for your specific circumstance. For most investors who need to succeed for a comfortable retirement, that means being offered low-cost mutual funds, securities and packaged products. When you have a problem with your "representative" or accounts, your firm will quickly turn you over to the compliance/...