When I joined Vanguard 29 years ago, the mutual fund industry was all about performance. The financial news media regularly lionized star fund managers such as Peter Lynch, John Neff, John Templeton, and Mario Gabelli, while fund companies touted past … Read more
It’s early in 2013. Stocks had a terrific year in 2012, the fiscal cliff has been avoided—and so now’s the perfect time to reconsider your retirement plan, right?
Well, yes and no. Yes, tax time is a good time to … Read more
If I were asked what an investor should do to maximize retirement wealth, I’d tick off my standard list, my rules of thumb. Start saving early—and regularly. Keep debt under control. Maximize the use of tax-deferred retirement accounts, like 401(k)s. … Read more
The headline is dramatic. For the typical American household, net worth is down 39% from 2007 to 2010. That puts net worth for the typical household back where it was in the early 1990s. This data is from the Federal … Read more
The headline “He Wants to Retire … but She Doesn’t” was one of the most popular articles in the April 9 Wall Street Journal.
What struck me most was the author’s comment that many of the people she interviewed … Read more