Personal Finance Archive

A simple-but-effective retirement income plan

When I retire, I plan to invest half of my nest egg in a Standard & Poor’s 500 index fund and the other half in a total bond market index fund and then withdraw 3.5% each year adjusted for inflation. Is this a retirement income plan that will work? –John, New Jersey You’ve got a

What ‘wealth’ means to women

What makes a person feel wealthy? It depends on who you ask. To some, it’s the material things: a big house, a snazzy car, Instagram-worthy vacations. Others define “wealth” in more ephemeral terms: the freedom money buys them to finally unwind, relax and hop off life’s treadmill. According to recent data from the Charles Schwab Modern