Exclusive: At least $1 billion of client funds missing at failed crypto firm FTX

From: www.reuters.com

• FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda – sources
• Bankman-Fried showed spreadsheets to colleagues that revealed shift in funds to Alameda – sources
• Spreadsheets indicated between $1 billion and $2 billion in client money is unaccounted for – sources
• Executives set up book-keeping “back door” that thwarted red…

5 reasons Americans are retiring later in life

From: www.financial-planning.com

Americans are now retiring three or four years later in life than they did three decades ago, puzzling researchers and reversing a trend that had lasted more than a century.

Why Buffer Funds Haven’t Escaped the Bear Market

From: www.morningstar.com

This year’s brutal market has tested their downside protection.

Buffer funds—which promise to limit downside losses from equity market exposure while capping upside returns—have grown increasingly popular. By my count, there are now roughly 120 exchange-traded funds plus a handful of open-end mutual funds following this approach. Since the first buffer products appeared on the scene in 2016, assets have…

The 4% Rule Just Became a Whole Lot Easier

From: www.advisorperspectives.com

I built a 4.36% real (inflation-adjusted) systematic withdrawal portfolio using a 30-Year TIPS ladder.

In June, I wrote about safe spend rates and concluded that a balanced portfolio could only support a 3.3% real withdrawal rate for a 30 year period with a 90% chance of success. There are differing opinions on what a safe spend rate should…

Watch Albert Pujols hit home runs No. 699, 700, become fourth player in exclusive club

From: www.stltoday.com

In a homecoming against the team that he says rejuvenated his career last season, Albert Pujols slugged his way into baseball immortality. He hit two home runs Friday night against the Los Angeles Dodgers, becoming the fourth player in the 700 home run club.

The two deep blasts put him into a class with…

How Far Could $1 Million Go in Retirement?

From: financeinsights.net

A million dollars used to be the ultimate target for retirement portfolios. Retiring as a millionaire brought status and confidence that you could live comfortably during your golden years.

If you retired with $1 million in 1970, you probably didn’t have to worry about your nest egg running out, even with a lavish lifestyle. It would be like retiring with $6.9…

This informative video that explains why the money supply is the direct cause of higher inflation and lower stock prices. Although this sounds dull, it is extremely valuable information.

Why Everyone Needs an Estate Plan

From: theamericanretiree.com

Many people have the idea that estate planning is only for the wealthy. However, it may be time to reconsider because an early estate plan helps ensure that your retirement years are stress-free. Remember that good estate planning will go a long way toward safeguarding and developing your money over time.

Although each person’s circumstances will vary, there are several common considerations when planning…

Everything You Should Know About a Roth Ira

From: theamericanretiree.com

You may want to consider Roth IRAs if you wish to add to your 401(k) or don’t have a 401(k) and need an alternative way to save for retirement. We’ll talk about Roth IRAs, how they differ from other retirement accounts, and how you can decide if you want one.

What is an IRA Roth?

In a Roth IRA, you can invest money…