What happens if the government runs out of money. The most and least tax-efficient ways to make donations. The safe withdrawal rate debate heats up.
What happens if Washington falls behind on its bills? (Reuters)
It seems like every year Congress waits until the last minute to raise the debt ceiling. This time is no different. This article has a fairly detailed summary of what would happen if the politicians don’t get the ceiling raised in time.
What’s the most tax-efficient way to give? (Oblivious Investor)
Skip to the bottom for a prioritized list.
Is it now the 3.3% rule? (Advisor Perspectives)
You may have heard of the 4% rule; the amount of money that can be safely taken from a balanced portfolio without running out of money. Recently Morningstar did its own analysis and came to the conclusion that the maximum safe withdrawal rate should now be 3.3%. In this post, Bill Bengen, the creator of the original rule, discusses why he not only disagrees with their conclusion, but actually thinks it should now be higher than 4%.
While this may not interest most people, in the financial planning community this debate is a hot topic. I know what financial planners will be talking about at their holiday parties this year. : )