John Bogle

John Bogle thinks that the notion of leaving an inheritance is nice but certainly not essential. The Vanguard founder suggests that paying attention to one's personal finances and standard of living in retirement trumps the bequest motive since adult children should be able to take care of themselves: A lot of older people believe they should not spend their last dollar on the last day of their life. A lot of parents want to leave a nice little nest egg to their children. That's nice but not...

Minimizing large investment losses such as those experienced by many during the past two years can be a more important factor in one's financial health than large investment gains. Vanguard Founder John Bogle frequently discusses the importance of avoiding large losses: “People often don’t understand why they are still in a deep hole, even after they’ve had a year of great returns,” said John Bogle, the founder of Vanguard and the creator of the first index mutual fund...

What are older investors to do right now? Get out of the stock market entirely? Stay out of the market if you have already decided to get out? Get back into the market now or wait and risk further increases while on the sidelines? Place the majority of your savings in bonds? Purchase an immediate annuity ? Purchase that immediate annuity with inflation protection? Tough questions for both investors and their advisors. There are some good thoughts and discussions shared in a recent New York...