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Dr. Wong's Blog
Saturday, 26 March 2016 06:01

The Retirement Rules of Money Have Changed

This article covers long-held retirement rules of money that people have heard for decades.

According to recent research (see, “How Social Security Strategies Affect Your Retirement”, May 23, 2014 AZ Republic by Dr. Harold Wong), the average Social Security check to retired workers in 2012016-03-26 06:01:474 was $1,294 per month. Clearly, this is not enough to live on for a single woman. If the amount is doubled for a couple, it’s still not enough to have a comfortable lifestyle.

Warren Buffett is known as “The Stock Market King”. He was recently ranked the 3rd wealthiest person in the world. He is known for many of his sayings about keys for success in investing and life:

Warren Buffett is the 3rd wealthiest person in the world and is also known as “The Stock Market King”. The Rockefeller Trust was used extensively by John D. Rockefeller, who was the wealthiest man in the world 150 years ago when he consolidated the oil industry. Both were super wealthy titans of their eras. Given their unique perspectives on making money, what would Buffet like about the Rockefeller Trust.

 

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