Retirement

Sometimes normal human instincts don’t lead to the best actions. That’s a basic finding of behavioral finance research, and it’s true of a lot of retirement planning. People often believe that taking more actions is better than doing less, but doing more often doesn’t improve retirement plans and often can make them worse. For example,

To most of the sane world, charging clients lots of money for doing nothing—providing no meaningful product or service—sounds like the very definition of fraud. But much of what happens every day on Wall Street is far from rational or fair. Money managers have devised perfectly legal ways of getting paid millions for doing nothing and

Forensic investigations reveal that public pensions in states such as Pennsylvania, California, Tennessee, Rhode Island, North Carolina, and, most recently, Ohio, have long abandoned transparency, choosing instead to collaborate with Wall Street firms to eviscerate state public records laws and avoid accountability to stakeholders. Predictably, billions that could have been used to pay government workers

One of the unanticipated effects of the pandemic is that it has induced millions of workers to retire early. John, for example, who is now 62, had previously expected to work until 65 or 68. He has $1 million of financial assets, which makes him better off than many of the involuntary retirees, and the

I’ve received a number of letters from readers of this forbes.com column asking for help with both tax refunds and stimulus payments. They want to know, what’s going on?  I have some answers, but, unfortunately, no advice to each reader, as each delay could be situational, that is, unique to the person experiencing the delay. Readers