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Editor s note: This article first appeared in the Q2 2021 issue of Morningstar magazine. Click here to subscribe. With interest rates at unprecedented low levels, bond markets are in uncharted territory. As bond market theories struggle to keep pace, asset allocators and income investors must adapt in real time. This is a particularly challenging climate for those who need to live off their investments.
The three panelists in this Morningstar Conversation bring three different perspectives. Michael Finke holds doctorates in both consumer sciences and finance and is professor of wealth management at the American College of Financial Services. Jonathan Guyton is a Certified Financial Planner who advises clients as a principal of Cornerstone Wealth Advisors and has been a retirement columnist for the Journal of Financial Planning since 2010. And Larry Siegel, who has a long background in practical investment analysis, serves as the Gary P. Brinson Director of Research a
Bill Gates’ divorce triggers $142bn battle over his fortune
Microsoft founder’s Cascade vehicle faces a flood of interest on how it has invested his wealth and that of his estranged wife
Bill Gates’ relationship with his first money manager wasn’t a particularly successful one.
In the mid-1980s, the Microsoft co-founder entrusted management of his growing fortune to Andrew Evans, a close friend who ran a brokerage firm.
The pair had known each other since Microsoft’s early days, bonding over their love of sports cars and hot technology stocks. Evans described the relationship as “one of the most important friendships” in his life.
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When it comes to retirement planning, there are a few items that you can safely put in the “settled business” pile. In this era of ultra-low yields, for example, it’s a given that most retirees will need to have ample equity exposure if they want their portfolios to last. The current low-interest-rate environment also means that most retirees will need to derive some of their cash flows from trimming appreciated holdings rather than relying exclusively on income distributions to meet their living expenses. A shrinking share of retirees will be able to rely on pensions, which embellishes the value of delaying Social Security for many.
New, Shorter Social Security Statement Wins Early Praise moneytalksnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneytalksnews.com Daily Mail and Mail on Sunday newspapers.