Year: 2018

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These Retirement Rules of Thumb Can’t Be Trusted Anymore

June 3, 2018 admin Comments Off on These Retirement Rules of Thumb Can’t Be Trusted Anymore

Transcript:
Here’s a slap for the financial planning industry that insists on using rules of thumb, specifically the 4% and 60-40 rules.

One of the things that really frosts me about this business is these “set and forget” tools. The idea that one number will serve you throughout your entire retirement is absurd.

Take the 4% rule first, which states you should withdraw 4% of your nest egg each year in retirement.

It puts such a crimp on our money lives in retirement when we could be enjoying other things. It’s just too restrictive. Plus, it’s based on numbers from the four worst years …read more […]

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Trading Ideas

American Airlines warns of fare increases if oil remains high

June 3, 2018 admin Comments Off on American Airlines warns of fare increases if oil remains high

American Airlines warned airline passengers may eventually face higher ticket prices if oil prices remain high, prompting carriers to remove seats from the market. Oil prices have risen around 50 percent compared to the levels seen last year and that is putting pressure on airline profits. “If it becomes clear this is the new normal you would see over time less capacity and growth in the industry and therefore higher prices, but I don’t think that’s going to happen in the near term,” CEO Doug Parker told reporters on the sidelines of the annual IATA meeting of …read more […]

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Warriors not expecting LeBron James and Co. to lose edge

June 3, 2018 admin Comments Off on Warriors not expecting LeBron James and Co. to lose edge

All the chatter is that underdog Cleveland could be completely deflated from the way it flopped in Game 1 of the NBA Finals. Determined and as motivated as ever might be more appropriate and fitting whenever LeBron James is in the mix. “It’s one of the toughest losses I’ve had in my career,” James acknowledged Saturday, “because of everything that kind of went on with the game and the way we played. …read more […]

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Business News

Exclusive: After deadly Indian smelter protests, arrests stoke tension

June 3, 2018 admin Comments Off on Exclusive: After deadly Indian smelter protests, arrests stoke tension

THOOTHUKUDI, India (Reuters) – Eleven days after police in southern India fired on protesters seeking the shutdown of a copper smelter owned by London-listed Vedanta, killing 13, residents say people suspected of involvement in the demonstrations are being targeted in a wave of arrests.

…read more […]

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Business News

Software and stealth: how carmakers hike spare parts prices

June 3, 2018 admin Comments Off on Software and stealth: how carmakers hike spare parts prices

LONDON/PARIS (Reuters) – Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case.

…read more […]

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Boeing dampens talk of redesign for potential new jet

June 3, 2018 admin Comments Off on Boeing dampens talk of redesign for potential new jet

Boeing Co is prioritizing passengers over cargo belly-space in its potential new mid-sized airplane, a senior executive said on Sunday, dampening speculation of a redesign to accommodate freight demand from Asian airlines. Industry sources say the proposed 220 to 270 seat plane has been designed with an elliptical fuselage leaving less space for cargo in order to make it more aerodynamic and cheaper to fly. Randy Tinseth, Boeing’s vice president of marketing for commercial planes, said the company was reluctant to change the design because larger wide body jets were better suited for cargo. …read more […]