Every December, my department holds a white elephant gift exchange. We place wrapped gifts on a table and take a number. When our number is called, we can select a gift or “steal” a gift that someone else has already … Read more
In the Chinese city of Ordos, empty skyscrapers loom over largely empty roads, empty town plazas, and empty schools. It’s China’s best-known ghost town. The empty buildings in Ordos and other places—started as part of an ambitious government plan to … Read more
I’m a shopper; it’s one of my hobbies. I don’t always buy, but shopping has almost been elevated to a competitive sport with the access and apps available online. I’m certainly not alone. Almost 200 million people will shop or … Read more
I recently ran into a retired Vanguard colleague, and he asked about what to do with his RMD. He’s in the enviable position of not needing his RMD in order to meet his spending needs. But, he’s not alone.
A … Read more
MythBusters is one of those cable shows that I find myself gravitating toward whenever I’m channel surfing. It’s just one of those shows that I find wildly entertaining. I know, I know . . . nerd alert! But that’s what … Read more
When people hear that I work for Vanguard, they often ask me for advice on how they should invest their money. Fortunately for me, the advice is easy to deliver because for nearly 40 years our recommendations have remained simple … Read more
Gender financial stereotypes abound. Women are risk-averse—to their detriment! Overconfident men trade more—to their detriment!
A week doesn’t go by where I don’t see some type of headline news discussing the viability of the venerable 4% spending rule. Indeed a simple internet search will yield over 5 million results! It’s no wonder that retirees may … Read more