Have you ever wondered how the sum on your retirement account statements translates into lifetime income? You're not alone. Chip Castille shares a tool to help you decode the numbers.
Of Fiduciaries and Conflicted Advice: A Guide to Terminology
“Best interest” and “suitability” standards, “conflicted advice,” brokers, advisers, planners. These are all terms that have meanings—some quite specific and some fairly loose. A suitable investment isn’t necessarily in your best interest. An adviser may be nothing more than a salesman.
2017 Investment Outlook
2016 brought many wild surprises. The biggest and most obvious is summed up perfectly in two words: President Trump. Donald J. Trump, despite no political or military experience, overcame long odds…
What’s the best age to retire?
Retirement columnist BOSTON (MarketWatch)—If you’re going to do it—retire, that is—you might as well do it at the right age. And doing it at the right age, according to the authors of a soon-to-be published paper, involves a bit of homework Retiring at the optimal age should not be left to chance, according to Kenn Tacchino, a professor of taxation and financial planning at Widener University, and Patricia Tacchino, co-authors of a soon-to-be-published paper in Benefits Quarterly Rather, choosing a retirement age needs to be a rational decision that accounts for a variety of confusing and competing consideration, the Tacchinos wrote. And to reach a rational decision, the authors say, would-be retirees would benefit from…
Tres Chic! $20M Florida Mansion Has Closet Modeled After a Chanel Boutique
This home's 600-square-foot closet was designed by the same person who designs Chanel boutiques worldwide, and it's truly mind-blowing.