Liar, Liar!
Is the polygraph really a mind-reader? Or is the media not telling us the truth, the whole truth, and nothing but the truth about the device known as the lie detector?
Author: Sabrina Smith
5 Questions with Allison Schrager: A Conversation from the Corner Booth
“I always want to say to [skeptics]: ‘What do you think people should do when they retire? If it’s so easy and you don’t need an insurer involved, how much would you spend on Day 1?’ And they’re always like ‘Well I don’t know, like 4%.’ Well, 4% on what day? What about next year?”
The Magic Number
Congratulations! You’ve had a successful career and you’re on the brink of retirement. Take a look at that 401(k). Maybe you’re lucky and have a million dollars to stretch out for decades. What does that mean for a monthly budget once you’ve retired? Hard to say, really. And what if you’re the average 60 to 69-year-old? Then the total is $195,500. Try dividing that by a lifetime, should such a calculator exist.
Investor Deck Avatars
“My dream is to spend the first five to eight years of our retirement visiting parts of the world that we’ve always wanted to see. But I don’t want to live it up and then spend the rest of our retirement wondering whether I can afford to buy my grandkid two scoops of ice cream instead of one.”
Dr. Detective: Delousing a Disease
What kind of disease can kill millions but be stopped in its tracks by a hot bath and a change of clothes?
Let’s Keep Woody Out of This
Why all the hate? What is with an anti-Baby Boomer movement that I seem to be seeing more of? Imagine my surprise when I read a movie review of Toy Story 4 in which the reviewer ruefully looked at the actions of cowboy Woody and thought: “God, that’s such a baby-boomer move.” The bias gets worse from there, believe it or not.
A Retirement Crisis and a Solution
No less of an authority than the World Economic Forum has confirmed the obvious: there’s a retirement crisis in this country that is only set to get worse. A WEF report compares several major economies and comes up with a stark conclusion. There’s a $28 trillion retirement savings gap in this country that will become a $137 trillion savings gap by 2050.
Sabrina McLaughlin Smith 