Sunday, September 5, 2010

Why It’s Time to Retire the 401(k) ~ Part 3

Where 401(k)s Go Wrong
In theory, 401(k)s should provide much more of a retirement cushion than they do. A 2007 study from the National Bureau of Economic Research (NBER) estimated that, on the basis of historical returns, by 2040 the average 401(k) of a near retiree would grow to an inflation-adjusted $451,944. That money, spread over [...]

Why It’s Time to Retire the 401(k) – Part 2

A Brief History of the 401(k)
 
Congress was trying to close a loophole on executive bonuses when it created the 401(k). Most companies intended 401(k)s — which were originally called salary-reduction plans but then renamed for the portion of the tax code that makes them possible — to be a perk for highly paid executives, not [...]

Warren Buffet tells us when Real Estate will recover

March 1, 2010 by davehageman  
Filed under Financial Times, Real Estate Investing

The U.S. dollar, the Swiss franc, the future of China, Acme Brick, and why Buffett always starts from a “position of fear.”
This is part seven of the transcript and video of Warren Buffett’s ‘Ask Warren’ appearance on CNBC’s Squawk Box on Monday, March 1, 2010.

The world’s second-richest person called on Washington policymakers to adopt fundamental [...]

An Unfair Advantage – The “Failure Shift”

January 15, 2010 by davehageman  
Filed under Financial Times

 
Success is 99% Failure.
~ Soichiro Honda
For many of us, success is something that we are constantly striving towards. Some of us are consumed by the idea of achieving success in whatever we put our minds to. It drives us forward onwards to bigger and better things. There are some people who take this too [...]

10 Tips to make 2010 the best year EVER!

I honestly wrote this at the end of 2008 for 2009 and thought…. this is still great advice and I am glad I found it…
Enjoy!
Many have acknowledged in recent conversations that the Holiday Season and the New Year is a time to sow, how there’s so much fear in our world right now and how it’s related to [...]

Inspiration for 2009!

January 18, 2009 by davehageman  
Filed under Financial Times

2008 has been a tough year for many individuals.
If you could use some inspiration for what you want to accomplish in 2009, this story about one of America’s greatest minds and inventors might help.
It is has been said that Thomas Edison tested more than 10,000 ideas and prototypes before he hit on a working example [...]