I’ve posted a Guest Blog Entry at the www.MyRetirementBlog.com site. It’s entitled What If Everything You Thought You Knew About Retirement Planning Turned Out To Be Wrong?
Juicy Excerpt: I never went to investing school. I never managed a big fund. It shouldn’t be possible for me to be the first person to develop a retirement calculator that gets the numbers right. I mean, come on! But the numbers generated by my retirement calculator are very different from the numbers generated by all the other retirement calculators. That much is clear. And the reason for the difference is that mine contains a valuations adjustment and the others do not. And big names in the field like William Bernstein have said that valuations affect long-term returns as a matter of “mathematical certainty.” So….