Am I financially prepared for retirement?

Q: I am 67 years old and I am finally getting ready to retire. I have been pretty good about saving money in my IRA and 401(k) over the years and I now have about $600,000 in retirement savings. In addition, my home is paid off and I have another $150,000 in the bank. I want to be sure I am financially ready to retire. I’m especially interested in how much you think I can safely take out of my IRA each year.
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Watch out for fund expenses

I love mutual funds. My wife says I sound like a total investment nerd when I talk this way, but I say it without shame or embarrassment. Mutual funds are beautiful and elegant and powerful. From the moment the first mutual fund was launched in 1924, they have allowed millions of people to participate in the capital markets who would never have had the opportunity otherwise.
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It’s a bond world

Fixed income markets play a vital role in the global capital markets. They also play an important role in a well-structured investment plan. Unfortunately, fixed income securities, also known as bonds, are a mystery to many individual investors. This week we are going make a foray into the world of bonds. However, the bond market is so huge and includes such a mind-boggling array of securities, there is no way we will be able to do more than scratch the surface.
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So, You Want to be a Day-trader

Q: My wife and I have had some success trading stocks and we want to start doing it full-time. I believe we have sufficient capital and we’ve been taking an online course through a reputable discount brokerage firm. What advice can you give me (other than telling me not to do it)?
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