Attention FIRE fans: Here’s what you need to retire by 35 years old in each state
Financial independence, retire early. Millennials and anybody else looking to break the shackles of their desk jobs by cutting costs to the bone and maximizing savings have been belting that FIRE mantra from the rooftops lately. But just how realistic is such a goal? Cost-estimating website HowMuch.net gathered GoBankingRates data to create this map of what it […]
A looming retirement crisis threatens us and future generations. Here’s how we can avoid it
Economists who argue that there is no retirement income crisis are missing the point. The crisis is not today, it is 20 years in the future. But the time to act is now, before it’s too late. Every day, millions of Americans go to their jobs, work hard, and play by the rules to pay […]
The 401(k) Term That Confuses People the Most — and What It Really Means
If you read a 401(k) brochure or attend an investment seminar, you might encounter a sentence like this: “Funds in your defined contribution plan feature a glide path that helps mitigate longevity risk in retirement.” Say what? Too often, retirement plan providers rely on jargon to communicate important terms about workers’ 401(K) options, according to […]
Canada needs to toughen short selling rules to weed out abuse, market watchers say
Critics say short sellers aren’t all bad, but some use abusive practices that need to be stopped Canada needs to crack down on a certain type of short selling because a growing number of bad apples are abusing the system for everyone, market watchers say. Short selling is an investment strategy that allows people to make money […]
Why some stores have pulled their self-checkout machines
A few Canadian Tire stores and a U.S. grocer have shifted away from self-checkouts When Jacqueline Burnett discovered that her local Canadian Tire in Toronto recently removed its self-checkout machines, she was ecstatic. “I can’t say enough with how impressed I was,” said Burnett, who prefers to interact with a cashier and believes many others feel the same way. […]
PM welcomes ethics probe
Prime Minister Justin Trudeau says he welcomes an investigation by the federal ethics commissioner into an allegation that his office pressured former attorney general Jody Wilson-Raybould to help SNC-Lavalin avoid criminal prosecution. Trudeau also says he continues to have “full confidence” in Wilson-Raybould, who was demoted to the veterans-affairs portfolio in a January cabinet shuffle. […]