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Why do annuities have such a bad reputation?

Why do annuities have such a bad reputation?

Finance
Running out of money in retirement is such a major concern that many workers fear it more than death itself. And while aggressively funding an IRA or 401(k) during your working years will help lower your risk of depleting your savings in your lifetime, it won't guarantee that you don't wind up strapped for cash when you're older. An annuity, on the other hand, can help eliminate that risk. An annuity is a contract between you and an insurance company. With an annuity, you're essentially paying a lump sum of money in exchange for guaranteed payouts for life. Those payments might start right away or begin at some point in the future. Sounds like a pretty good deal, right? Not necessarily. While annuities are a smart investment in theory, there's a reason they tend to get a bad rap. F...
American firms reveal the gulf between bosses’ and workers’ pay

American firms reveal the gulf between bosses’ and workers’ pay

Finance
[unable to retrieve full-text content]HOW much should company bosses be paid relative to their employees? It depends who you ask. Plato argued that the richest members of society should earn no more than four times the pay of the poorest. John Pierpont Morgan, a banker from America’s gilded age, reckoned that bosses should earn at most 20 times the pay of their underlings. Investors today hold chief executives in vastly higher esteem. According to new filings submitted to the Securities and Exchange Commission (SEC), America’s largest publicly listed firms (those worth at least $ 1bn) on average paid their chief executives 130 times more than their typical workers in 2017. The figures are being disclosed by firms in their financial filings for the first time this year.The SEC’s new require
Big banks get green light to make short-term, small dollar loans

Big banks get green light to make short-term, small dollar loans

Finance
Consumers who rely on payday loans to fill their budget gaps may have a new option to turn to: traditional banks. National banks just received the go-ahead to serve that market from their regulator, the Office of the Comptroller of the Currency. On Wednesday, Comptroller of the Currency Joseph Otting called for national banks and federal savings associations to step into the short-term, small-dollar installment loan market. These loans typically range from $ 300 to $ 5,000, according to the regulator. And that adds up to about $ 90 billion in loans ta...
Shareholders are betting on the comeback of Destination Maternity

Shareholders are betting on the comeback of Destination Maternity

Finance
Shareholders at Gullane Capital Partners are betting on a comeback for maternity apparel retailer Destination Maternity. While it hasn't been exactly rosy for the company — with sales weighed down by challenges so far, and a slow entry into e-commerce, Trip Miller, managing partner of Gullane Capital Partners, believes that things are looking up. "There's just a myriad of opportunities here to generate value," Trip Miller, managing partner of Gullane Capital Partners told CNBC. His firm owns 3.4 percent of the company's outstanding shares. "Mo...

A Day in the Life: Portfolio Manager

Finance
[unable to retrieve full-text content]The first alarm goes off at 5 30 a m for Kim Forrest a portfolio manager living in Pittsburgh And from 160 almost the minute she wakes up until she goes to bed around 10 p m Forrest is constantly beating the bushes to identify trends that will inform her stock picking Welcome Latest Articles in