I recently wrote a Guest Blog Entry for the Weakonomics blog entitled Today’s Retirement Planning Advice Is a Sick Joke.
Juicy Excerpt: The SWR studies were quickly corrected once the analytical errors in them became public knowledge. Apologies were made to the millions who used the incorrect numbers in the crafting of their retirement plans. New and more accurate studies were developed and marketed heavily so that middle-class investors could learn the realities of retirement planning for the first time.
Juicy Excerpt: “The Stock-Selling Industry has devoted hundreds of millions of dollars promoting Passive Investing over the past 30 years!” This claim makes no sense whatsoever. Can you provide some sort of evidence of this?
Programming Note: I am going on vacation. The blog returns on Monday, September 14, 2009, with more discussion of why Passive Investing is the bestest investing “strategy” ever.