Retirement

I’m usually skeptical of stories about “a friend of a friend.” But in this case, I know that it’s a true story. A friend of a friend was staying in Bali, Indonesia’s paradise island that’s popular with partygoers and backpackers. My “friend of a friend” bought a van to use for transportation. The Balinese authorities
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It hardly is news that nursing homes are in trouble. Consumers think they are unsafe; nurses, aides, and other staff are reluctant to work for them; hundreds of facilities are shutting and others are closing beds and even entire wings because they can’t staff them. How can these multiple problems be fixed? The Centers for
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Broker-dealers are in an industry overseen by the Financial Industry Regulatory Authority (FINRA), but mostly, no one is closely watching them. Making a good profit is their motivator. Sometimes, profit gets all too tempting and those in the position of having control over another’s money take advantage of that power. One wants to believe that
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Public policy has been the major factor preventing the integration of retirement plan components: financial asset management, annuities and HECM reverse mortgages. As a result, annuities and HECMs are substantially underutilized, potential synergies between them are unrealized, and the retirees who use these markets often overpay. The result, illustrated by the chart below, is that
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