"If all the money that's ever been invested in hedge funds had been put in Treasury bills instead, the results would have been twice as good," says Simon Lack. Oops.
Sad to say, the 19th and early 20th century notion of the democratization of savings became the late 20th century idea of the democratization of credit. It's time to change the focus of public policy.
Planning for retirement isn't easy. The Society of Actuaries has a retirement series that tries to give you a framework for thinking through the key decisions.
On our local NPR station, WFYI, a guest Saturday morning on Marketplace Money recommended an investment advice book to a young caller. We can't recall the title of the book. Know which one we mean? Thanks in advance, Tom, Indianapolis, IN
It's underappreciated how well one large cohort of aging boomers should do financially during the traditional retirement years: the college-educated stalwarts of the feminist movement.