April 4, 2013
Rare praise for the WSJ
I don’t usually read much in the WSJ that I would count as good financial advice for the typical investor. But I have to acknowledge Brett Arends for this list of “Five Really Dumb Money Moves to Avoid.”
The shorter version:
- Don’t go overboard reaching for yield in a low-yield world
- Fund your retirement before spending for private university for the kids
- Don’t own more of your employer’s stock than you have to
- Don’t take Social Security early
- Don’t buy long-term US Treasury bonds at today’s yield.
Not a bad list at all, though a sharp observer will note the conflict between item #1 and item #5. The article does a decent job fleshing out a prudent path between these two contradictory recommendations.Tags: financial planning, Retirement, Social Security
Martin Weil is a Certified Financial Planner™ with over thirty five years of investment experience.