In an investment portfolio, the withdrawal rate is the monetary percentage from which a retiree draws from his account each year.  A “safe” withdrawal rate is a fixed percentage distributed as a systematic withdrawal that reasonably expects portfolio funds to last throughout the retiree’s lifetime. When determining your personal retirement withdrawal rate, it’s important to…

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The Ricks Report April 24, 2017 Numbers of $ignificance FANCY DEGREE – 222 members of the 535 members of Congress (41%) hold law degrees including 55 of 100 senators (source: Congressional Research Service). ONE BAD, ONE DISMAL – The “debt-to-economy” ratio for Greece is 167%, i.e., $326 billion of debt stated as a percentage of…

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In recent months, there has been a recent movement out of actively managed investments into passively managed instruments such as exchange-traded funds. Globally, ETFs gained more than $270 billion in 2016.1 An ETF is a single investment vehicle that tracks all of the securities within an index, a commodity, bonds or a group of assets…

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­­­­­­ The Ricks Report April 17, 2017 Numbers of $ignificance TAX DATA – The top one-tenth of 1% of US taxpayers (based upon adjusted gross income) paid more federal income tax ($273 billion) during tax year 2014 (the latest year that tax information has been released) than the federal income tax paid ($182 billion) by…

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­­­­­­The Ricks Report April 10, 2017 Numbers of $ignificance WHAT’S IMPORTANT – 54% of 4,200 American workers surveyed would switch jobs for a better retirement plan (source: Transamerica Center for Retirement Studies). REMOVES AN INCENTIVE FOR BANKS TO LEND – The +1% that the Federal Reserve currently pays to banks on the $2.185 trillion of…

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