One of the biggest things on my mind these days is retirement. I am a few months from turning 64, so I'm not putting in my notice anytime soon. But 25 million or so Americans, ages 55 to 64, are, like me, wondering what they will live on during their "golden years." I have to be honest: I thought the hard part was living within your means and saving for retirement. It's not. Trying to figure out how to cash out your nest egg -- your tax-deferred retirement account, your taxable investments or both -- so it will last the rest of your life can be even harder. It has me gnawing at my fingernails.There are many variables when figuring out retirement finances. How well do you want to live? Do you want to leave anything? Do you want to help the kids or others? Charity?One point that needs to be made is this: If you're worried about your retirement money lasting, pay off as much debt as possible before you retire. Get rid of the monthly mortgage and car payments if you can. Keep … [Read more...] about Saving for retirement is hard. Knowing how to spend it down is harder.
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Sections SEARCH Skip to content Skip to site index Obituaries Subscribe Log In Log In Today’s Paper Obituaries | John C. Bogle, Founder of Financial Giant Vanguard, Is Dead at 89 Supported by ByEdward Wyatt Jan. 16, 2019 John C. Bogle, who founded the Vanguard Group of Investment Companies in 1974 and built it into a giant mutual fund company, with $4.9 trillion in assets under management today, died on Wednesday in Bryn Mawr, Pa. He was 89. Vanguard, based in Malvern, Pa., announced his death but gave no cause. Mr. Bogle, who had struggled with a congenital heart defect and had several heart attacks, received a heart transplant in 1996. Mr. Bogle built Vanguard on a cornerstone belief that was anathema to most mutual fund companies: that over the long term, most investment managers cannot outperform the broad market averages. He popularized and became the leading proponent of indexing, the practice of … [Read more...] about John C. Bogle, Founder of Financial Giant Vanguard, Is Dead at 89
Thomas Heath, The Washington Post Published 11:26 am PDT, Tuesday, August 7, 2018 Photo: JB Reed/ Bloomberg Image 1of/1 CaptionClose Image 1 of 1 A Fidelity Investments office in Boston on May 8, 2007. A Fidelity Investments office in Boston on May 8, 2007. Photo: JB Reed/ Bloomberg How low can investment fees go? Fidelity launches a race to zero. 1 / 1 Back to Gallery Fidelity Investments last week announced it was launching two zero-cost index mutual funds, escalating a price race that could leave investors questioning whether to pay mutual fund management fees at all. "The most meaningful impact of all of this is its effect on what investors expect to pay for broad market exposure, which is now, at least in the case of a pair of Fidelity funds, nothing," said Ben Johnson, director of global exchange traded … [Read more...] about How low can investment fees go? Fidelity launches a race to zero.
The mutual fund giant Vanguard has led the way in cutting costs for retail investors — until last week. Now, it’s Fidelity’s turn to take on Vanguard — and Fidelity just went to zero fees first. As of Friday, Fidelity launched two mutual funds with no fees. Fidelity ZERO Total Market Index Fund (FZROX) and Fidelity ZERO International Index Fund (FZILX) are now available with no fees to individual retail investors who purchase shares through a Fidelity brokerage account. The Boston investment giant also slashed fees on some existing index-based stock and bond funds, according to a news release. Publicity stunt? Yes, but competitors such as the robo-adviser Betterment said these fee wars will continue raging. “There has been a consistent march toward lower fees between fund providers, and Vanguard has always been competitive,” Betterment senior portfolio researcher Adam Grealish said in response to questions about the Fidelity … [Read more...] about Fidelity fires fee salvo vs. Vanguard, launching two new mutual funds with zero fees
For a different take on environmental, social, and governance-based investing, or ESG, we spoke with Vanguard investor Dan Wiener, who publishes a monthly newsletter on all things Vanguard. Wiener takes a dim view of ESG. That’s largely due to under-performance over a long period of time, he said. “Over time, ESG and SRI [socially responsible investing] strategies have not proven to be performance winners,” Wiener contends. “They may allow their investors to sleep better at night from a social-conscience point of view, but they aren’t going to put more money in your pocket, they aren’t going to give you more money to direct towards the social, environmental, or governmental issues that matter most to you, and they haven’t had much of an impact, if any, on corporate-governance practices.” Plus, one investor’s definition of what makes an investment ESG-worthy might make another recoil, he adds. Let’s take … [Read more...] about Do ESG investments outperform? One investor says ‘no way’