CPAs and Advisors
“The best way to predict the future is to create it” (credited to Abraham Lincoln and Peter Drucker)
Can you predict the future? I suspect most of you reading this would say no. For those that would say yes, perhaps you need some therapy (humor intended).
Every now and then, there are ideas and so-called rules of thumb about retirement planning that creep their way into the mainstream consciousness and then back into oblivion. Sometimes, however, they linger no matter how inaccurate they might be, like undesirable guests at a party who outlast their welcome. This is exactly my opinion about the 4% rule. (more…)
Many of you will remember Jack Benny, the deadpan comedian. Jack was famous for acting out the story of a holdup. He was robbed at gunpoint and the thief was not joking as he uttered: “Your money or your life!”. Jack would look at the camera in his inimitable style, sigh and put his right hand to his face. When the thief showed impatience at his lack of response, he nudged him with the barrel of the gun, and asked: “Well?”. Jack replied: “I’m thinking, I’m thinking”. Humor aside, I think most of us would consider this an easy decision. (more…)