This time, with better math! A little while ago I wrote that, as a fiduciary, I worried about the sustainability of endowments and retiree portfolios, which traditionally have drawn 5% and 4% respectively from assets per year, in the conventional belief that this is ‘sustainable.’  These 4% and 5% rules of thumb for the past

Do it Yourself (DIY) exists for IRAs, although the Financial Infotainment Industrial Complex would prefer you not know this. Normally banks, brokerages, and mutual fund companies happily open your account and act as custodian of your retirement funds, secure in the knowledge that at the moment you invest you are likely to choose a bank,

Less than two weeks left to fund your 2012 IRA, so I’m continuing my series on these maddeningly humble, but potentially interesting, retirement accounts. But, to get caught up, please see earlier posts on The Humble IRA, IRAs don’t matter to high income people and A rebuttal: The curious case of Mitt Romney   The

Contradicting what I wrote in my previous post about IRAs being irrelevant to upper-middle class and wealthy people, we have the curious case of Mitt Romney, who reported in his 2010 tax returns an IRA worth between $20 million and $100 million.  At that level of assets, I must acknowledge he’s the exception to my