Gary Duell

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It Is Reasonable To Expect 8-12% Market Returns Over The Next Ten Years

The title of this blog is indeed a solid myth. Before I project asset growth and income flow in Retirement Analyzer I have analyzed the client’s current portfolio and compared it to my recommended allocation.  To their disappointment, I routinely reduce the assumed rate of return (ROR) by half while keeping the same volatility.  So, for example, …

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You Can’t Spend More Than 4% of Your Retirement Savings Without Going Broke

Yes you can!  Another easily disproved myth. In their study “Why Annuities Work Like a License to Spend”  David Blanchett and Michael Finke* conclude:. . .every $1 of assets converted to guaranteed income will result in twice the equivalent spending compared to money left invested in a portfolio. The size of the effect is large enough …

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Arbitration IS the Best Dispute Resolution Tool

The title of this blog post is, in my opinion, a solid myth.  Good proof of that are recent bills in Congress intending to end binding arbitration because, in general it is:  Unfair.  The process is heavily biased in the industry’s favor  Which is probably why the Securities Industry and Financial Markets Association (SIFMA) is against reforms.  …

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MYTH: Healthcare Will Be Your Biggest Retirement Expense

The truth of this blog heading depends, of course, on the health and wealth of the individual.  But it is still rarely true.  In the plans I’ve developed, Taxes usually exceed projected health care costs 3 to 1.  I think a lot of health care cost calculators are unjustifiably alarmist for the purpose of selling insurance.  …

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STAND UP AGAINST RACISM

Just for the sake of variety, this post is NOT a myth.  We all need to be aware of and successfully discourage prejudice, not only by others but especially by ourselves.  None of us is innocent.  “The problem with the world is that the intelligent people are full of doubts, while the [rest] are full …

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EVERYONE SHOULD PURSUE PEAK PERFORMANCE

I believe the title of this post to be a myth.   In my business (financial services) I’m deluged with books, websites, videos, training programs, motivational quotes and memes, superstar mentor offers, mastermind groups, activity tracking spreadsheets, apps to kick my ass out of bed, and on and on.  The drive for maximum this and killer …

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