In the Press

Nearly 30 years ago, financial advisor William Bengen conceived the so-called 4% rule as a guardrail for retirement budgeting. In essence, it holds that people can fund their retirement adequately by withdrawing or consuming 4% of their financial assets annually, increasing it periodically for inflation.

Max Wasserman, Founder and Senior Portfolio Manager at Miramar Capital, discusses the markets and investing with Carol Massar and Tim Stenovec.

ThinkAdvisor asked a number of advisors how they’re positioning portfolios these days. Check out the slideshow above to see how some advisors are addressing the “60/40 is dead or ailing” scenario. Not all agree, by the way.

Max Wasserman, founder of Northbrook Illinois-based investment manager Miramar Capital, applauds the fact that parents want to support their children in adulthood, seeing it as a familial responsibility. However, he warns that they shouldn’t tap into their retirement accounts to do so.

Cash is king right now. The latest evidence: the market’s embrace of dividend-paying stocks over another longtime favorite, firms that do buybacks.

Max Wasserman, founder and senior portfolio manager at Miramar Capital, said that with markets down double digits, it’s not too late to “de-risk portfolios.”

Max Wasserman was quoted by Barron’s in their article “Retailers Are Having a Tough Year. Focus on What’s Ahead.”