GM Workers and Retirees Face $16 Billion in Pension Losses While Wall Street Bonuses Exceed $18 Billion
Bloomberg reports that GM workers and retirees face the prospect of more than $16 billion in...
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Tom Cochrane's Blog
Battle Lines Being Drawn Over Fiduciary Status of Financial Advisors
There is a key point of distinction that exists in the world of financial advice and vast majority of people are unaware that it exists.
The defining issue is whether a...
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Up to 64% of American Households at Risk of Failing to Maintain their Standard of Living in Retirement
The Center for Retirement Research at Boston College released a brief and an update of their National Retirement Risk Index (NRRI). A link to the brief summary can be found here.
The NRRI shows the percentage of American Households that are at risk of failing to maintain their standard of living in retirement. The index shows that 44% of American households are at risk. This figure increases to 61% when healthcare costs are included, and to 64% when the...
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Harvard Professor Roland Fryer – The Annuity Puzzle and Why People are More Comfortable Flying if They Can See the Cockpit
The annuity puzzle refers to the fact that few people choose to annuitize even a portion of their...
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