Planning

Retirement planning can be a daunting task, especially when it comes to figuring out how much money you need to save to retire comfortably. One popular rule of thumb that has been used for decades is the 4% rule. This rule suggests that you can safely withdraw 4% of your retirement savings each year without running out of money. But is this rule still relevant in today’s economic climate? And what about other withdrawal rates, such as the 2. [Read More]

Bank runs are a phenomenon that has been around for centuries. They occur when a large number of depositors withdraw their money from a bank at the same time, usually due to concerns about the bank’s solvency. Bank runs can be devastating for both the bank and its customers, as they can lead to the bank’s failure and the loss of depositors’ funds. However, there are measures in place to protect depositors, such as the Federal Deposit Insurance Corporation (FDIC) in the United States and the Canada Deposit Insurance Corporation (CDIC) in Canada. [Read More]

As a long-term investor, I am acutely aware of the impact that taxes can have on investment returns. In fact, Charlie Munger has often said, “Anyone who thinks that taxes don’t matter should talk to a man who has lost half of his wealth to the IRS.” It’s clear that taxes can be a significant drag on investment returns, but there are strategies that investors can use to minimize their tax liabilities while maximizing their returns over the long-term. [Read More]

Estate planning and creating a will are essential components of a comprehensive financial plan. As Warren Buffett once said, “Someone’s sitting in the shade today because someone planted a tree a long time ago.” By taking the time to plan your estate and draft a will, you’re planting a tree that will provide shade for your loved ones after you’re gone. In this article, we will discuss the basics of estate planning, the importance of creating a will, and the steps to take to ensure your wishes are carried out. [Read More]