Reuters Money

One man’s retirement crusade to help Detroit and baby boomers

November 3, 2011

Randal Charlton (REUTERS/handout)Randal Charlton has had a long, colorful career with plenty of ups and downs. In his 71 years, he’s done everything from tending dairy cows for a Saudi sheik to starting a jazz club in Florida. And as a lifelong entrepreneur, he has bought and sold 14 different companies.

Zap zombie funds within your portfolio

November 1, 2011

zombie index fundsDo you have zombie index funds within your portfolio?

Instead of eating up your brains, they devour your nest egg with high expenses and walking dead performance. They may be lurking within your 401(k)-type plan or individual retirement account.

Jobless rate for older workers is lower, not better

October 28, 2011

Rick Lopatin has been looking for work for three years. The 56-year-old is the former chief financial officer of a middle-market pharmaceutical company in the Chicago area; ever since a merger and his subsequent job loss in 2008, he’s been job-hunting and networking intensively, and he’s landed  several interim CFO engagements – including one at a medical devices company on Long Island.

Medicare Part B premium hike will be smaller than expected

October 27, 2011

Seniors caught a break Thursday when the Obama Administration announced that Medicare Part B premiums won’t rise as much as expected in 2012.

Tax deductions are popular, but penalties may work better

October 27, 2011

The National Zoo's baby panda Tai Shan munches on a carrot in the Giant Panda Habitat of the new Asia Trail area at the zoo in Washington October 11, 2006. REUTERS/Molly RileyWhen making tax policy, there’s a choice between carrots or sticks: Does the government give taxpayers credits or deductions for doing the right thing (buying their homes, giving money to charity, not emitting greenhouse cases) or penalize them for doing the wrong thing?

With few female angel investors, signs of change

October 25, 2011

In the traditionally male world of angel investing, Ed Reitler is used to having his voice heard. A partner in Reitler Kailas & Rosenblatt LLC of New York City, he’s also the founder of the ARC Angel Fund, a New York-based investing launched in 2010. So when he says that it’s “incredibly important” to develop female angel investors because “they are crucial to ensuring the funding of a more diverse group of companies,” you’d hope his male counterparts would take notice.

Meditations on money mania: Why we gorge on the financial buffet

October 24, 2011

Are you a money maniac? While finishing up Michael Lewis’s “Boomerang,” his latest book on the financial meltdown, I was intrigued by a few of his observations on a cultural and psychological malady.

Turn home into a winter wonderland, reap profit later?

October 24, 2011

Want to kick up your feet no matter how hard the cold weather kicks its heels? With winter on the way, we examine luxury renovations ideal for cocooning. Judge for yourself whether they’re worth a set of blueprints and a stack of greenbacks.

Identity theft among family members affects millions

October 21, 2011

Two million to three million elderly parents had their identities stolen between 2006 and 2010 by a younger family member for fraudulent reasons including opening lines of credit, according to a new study.

Recent sell-off sets up next gold rally

By Guest Contributor
October 21, 2011

The following is a guest post by Lawrence Carrel, author of “ETFs for the Long Run” and “Dividend Stocks for Dummies.” The opinions expressed are his own.  Full disclosure: The author has had 7 percent of his personal retirement account in a gold ETF for the past four years.