BUILDING A FINANCIAL PLAN TO MATCH YOUR UNIQUE NEEDS WITH INVESTMENT LEGEND CHARLES ELLIS

January 13, 2023

Part 2 of 2

Charles Ellis, also known as “Charley,” is a highly influential thinker in the investing world. He has been a frequent guest on WEALTHTRACK for 17 years and is considered “Wall Street’s Wisest Man” by Money magazine. He has authored 20 books, with the most famous being “Winning the Loser’s Game,” which is now in its 8th edition. In 2022, he published “Figuring it Out: Sixty Years of Answering Investors’ Most Important Questions,” a collection of his most thoughtful and thought-provoking articles and essays.

In part one of our interview, Ellis discussed how much the investing world has changed over the years and his recommendation for individuals to take a total financial portfolio approach to financial planning.

In part two of his exclusive WEALTHTRACK interview, he discusses how individuals can create the best financial plan for their specific situation.

WEALTHTRACK Episode #1929 broadcast on January 13, 2023
Listen to the audio-only version here:

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CHARLES ELLIS


ACTION POINT

CONSIDER ANNUITIES AS A CORE PART OF YOUR RETIREMENT PLAN 

  • Defined benefit pension plans disappearing
  • Social Security now the only source of guaranteed income for life for most retirees
  • Annuities provide another source of income for life

Two Basic Annuities:   

  • Immediate Annuities
    • Pay a fixed amount every year for life
    • Start payments immediately
  • Deferred-Income Annuities
    • Set future payout date
    • The later the date, the higher the payout

BOOKSHELF


ONE INVESTMENT

OWN A LOW-COST GLOBAL INDEX FUND 

  • Vanguard Total World Stock Index Fund Admiral Shares (VTWAX)
    • Price: $31.54 on 1/11/23
    • 52-week range: $27.84 – $38.04
  • Vanguard Total World Stock ETF (VT)
    • Price: $89.97 on 1/11/23
    • 52-week range: $76.80 – $107.80

FROM THE ARCHIVE

Charles Ellis from the WEALTHTRACK Archives:


WEB EXTRA

VANGUARD TRANSFORMED

Investment giant Vanguard has been closely identified with its founder John “Jack” Bogle, who created the first index fund for individual investors there in 1976. Bogle left the firm in 1996, but as Charles Ellis explains in Inside Vanguard, Vanguard underwent a transformation after Bogle left. Also, watch this extended interview with John Bogle.


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