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vetted him but didn t do a proper vet in the sense they missed there were local news stories he was alleged to have domestic violence against his wife. he had to withdraw the day before the confirmation hearings. so it was not enough time. it was rushed. it was frenzied. it was a group of people who were not fit for the task, and that s what you get. and the results are really clear. a lot of these people are not in these jobs anymore. donald trump has confirmed fewer people in top roles in the administration than any of the previous four presidents. his withdrawal rate is the worst ratio of any of the four previous presidents. there s heaard stats on this an it s very clear why it all happened. something that struck me, the white house responded and said trump s done more to improve the lives of people than swampy people or something like that, call them cowardly leaks. of all of the things you say about trump, he doesn t care this week, another woman, another credible accusation of
imagine this. most folks 54 to 65 in a typical working family have an average of $104,000 set aside for retirement. it sounds like a lot of dough but if you do the math, consider a withdrawal rate that s typical, about 4% a year it s not that much money. $4,000 a year. that s $350 a month. all you re really paying with that money maybe your cell phone, the cable bill. that s about as far as it goes. jon: so there are efforts to try to get people to save more money, right? that s right. there are a lot of efforts to do that but there s a short cut here that you should consider and that s paying lower fees. let me show you the impact of fees on retirement savings. imagine this. you have two folks. each 30 earning $30,000 a year. the only difference in their savings every year is that one invests in an index fund that buys a broad range of stocks and the other in an actively managed
happening today, at the trial of jackson s doctor. now, court reconvenes in about 45 minutes or so dr. conrad murray is charged with involuntary manslaughter jackson s death. yesterday a security guard testified that murray asked him to help gather up drug vials before even asking him to call 911. i was standing at the foot of the bed p he reached over and grabbeded a handful of vials and then he reached out to me and said, here, put these in a bag. and engineers are back at work today rappelling down the sides of the washington monument, they are looking for any damage the earthquake caused last moment. the work has been delayed by some weather. still a ways to go but one of the engineers says so far, good. not a bad way to spend a work day as well. incredible, not only because of the actual history of the structure but the area and being the view. and just knowing what you re doing and seeing what you re seeing after the earthquake. we have the drawings from repair
take off pensions. with what s left, you have to make that up out of your investments. a good rule of thumb is 3.5% to 5% the sustainable withdrawal rate. if you come up $40,000 of income from your investments, 4%, you need $1 million. 4%. if you want to be aggressive, go 5%. for every 40 grand of income you need from your investments, $1 million. if you are not looking to retire, younger folks, can they be more aggressive? let s talk percentages. i have always had a golden rule. save 10% of every paycheck you ever earn for the rest of your life, no matter what. make no excuses. if you are 20, 10%. if you are just starting to save in your 30s, up it to 15%. just starting in your 40s. 20%. if you are in your 50s, say a
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