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Is there a “woman tax”? By some account, women pay over $1,300 more annually than men for everything from deodorant to sneakers to health care. They’re not the only group that pays a premium, though. Men are charged thousands more than women in auto insurance over their lifetimes, and there are indications that African-Americans and [...]
The decline of traditional pensions and steady erosion of Social Security benefits has begun to leave most retirees without a source of guaranteed lifetime income. Plugging that hole is emerging as the most important retirement issue of our day.
For years we’ve been hearing about the advantages of retiring abroad: low taxes, low cost of living, great climate and exciting cultural attractions. It’s all true in certain countries. Yet there hasn’t exactly been a mass exodus of retirees from the U.S.
Guaranteed income in retirement has emerged as a central issue for baby boomers, and fast becoming the solution of choice is something called longevity insurance. It’s a nifty product—but, as you might suspect, hardly flawless.
A well-known academic argues against stocks, even for the long run. But it feels a bit like arguing that Warren Buffett doesn’t know what he’s doing. Whose side would you take?
A report on rising drug prices has set off alarms among retirement planners.
Studies have shown that poor people tend to pay more for auto insurance. Guess who else pays a premium? People who own small, inexpensive cars—a group that also tends to be poor.
Low-income drivers are routinely charged higher auto insurance premiums than well-heeled car owners. But why should the poor pay a premium when it comes to premiums? Is the system inherently unfair? Or are there valid reasons why poor drivers tend to represent bigger risks for insurers?
Athletes, actors and other famous folks lend their recognizable faces to promote all sorts of products, from breakfast cereal to basketball sneakers to prepaid debit cards (see Suze Orman). But a celebrity endorsement is, of course, no guarantee that what they’re pitching is a good deal or a smart investment — a point that’s especially [...]
The Internal Revenue Service isn’t going to fight people any longer who want to deduct the cost of gender reassignment surgery from their taxes.
Like happiness, retirement readiness doesn’t have all that much to do with how much you earn. It’s more about what you do with what you have.
