Join Early Retirement Today
Reply
 
Thread Tools Display Modes
"Getting Going" column in WSJ
Old 01-06-2003, 07:22 AM   #1
Recycles dryer sheets
 
Join Date: Nov 2002
Posts: 398
"Getting Going" column in WSJ

I regularly read the "Getting Going" column that appears in the Wednesday Wall Street Journal and in the "Sunday Edition" of the WSJ that is carried by many local newspapers nationally. (In fact, that is how I learned about FIRECalc.) These weekly editions of the column are different, and both are usually written by Jonathan Clements.

I have a masters degree in economics that gives me an "academic" perspective on investing, and it is apparent that Mr. Clements has a similar perspective, since I almost always concur with his observations and advice. My only caveat about his column is that space limitations sometimes cause the advice in a single edition of the column to be incomplete, but he generally provides the relevant information in other columns.

Occasionally the column is written by somebody else, and is usually of the same quality. It is worth noting, then, that the edition that appeared on Sunday January 5 contained a substantive error.

I have made several posts in the "Technical Forum -- Calculators" area of this site regarding inflation-adjusted Treasury securities (TIPS), in which I have advocated their inclusion in the portfolios of retirees. The referenced "Getting Going" column attempted to explain TIPS, but unfortunately got them confused with Series I Savings Bonds. The Series I Bonds have the feature that they accumulate value at a rate that is adjusted for inflation, but (unlike TIPS) is not taxed until the bonds are redeemed. This makes Series I bonds attractive to people with high current income, but causes the interest rate that they pay to be about 1% (100 points) less than TIPS pay. Thus, long-term TIPS are currently paying about 2.9% above the inflation rate, not the 1.9% rate erroneously attributed to TIPS (instead of Series I Savings Bonds) in the column.
Ted is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
WSJ: "How Houses Eat Money" Nords FIRE and Money 47 06-06-2008 08:20 AM
"Getting Rich: The Poor Man's Guide" frayne Young Dreamers 8 05-23-2006 01:08 PM
Jonathan Clements Touts Firecalc in WSJ grumpy FIRE and Money 0 05-21-2006 01:01 PM
New Scott Burns column on Social Security WhodaThunkit FIRE and Money 46 01-31-2006 05:15 PM
Work Less Live More in Humberto Cruz column Jan 8 ESRBob Other topics 6 01-25-2006 02:39 PM

» Quick Links

 
All times are GMT -6. The time now is 03:12 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.