Horrible Advice From The Wall Street Journal?

Is putting the bulk of your retirement account into the worst-performing asset class really good for you? You make the call.

The Wall Street Journal’s April 4, 2014, ‘Wealth Effect’ column certainly deserves consideration for this honor.

I love the Wall Street Journal (WSJ) and read every issue. I hope someday they will publish one of my articles. When they put out horrible, and unsupported information it is the exception to the rule.

Author Brett Arends’ article was called, “How to Save Your Retirement”. It could do a lot of damage if people take it seriously and follow his directions.

 How to Save Your Retirement - WSJ Apr. 4, 2014

http://online.wsj.com/news/articles/SB10001424052702303847804579477360416057366

Brett began with a simple concept.

  • Invest $100,000 in a typical retirement plan (IRA or 401k) at age 25
  • Wait 40 years (to age 65)
  • See how much cash you have to retire on

Read the rest of this article by clicking here.

Heavy in stocks, I own no bonds

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