Save and invest. Save and invest. Isn’t that all you hear when it comes to planning your financial life?
An online article by an individual who refers to himself as “the Financial Samurai” makes a more balanced case regarding how you deploy your money. Yes, you should be capable of deferring gratification and have a healthy savings rate during your accumulation years. But there are a few items that are well worth investing in: your comfort, well-being and certain aspects of your lifestyle. Some of these items might be considered luxuries by people who are perhaps overly frugal.
Continue reading What NOT To Skimp On
The robotics revolution, so far confined to factories and the cute little device that roams your house sucking up dirt, is about to hit closer to home. In Japan, so-called “carerobos” are now helping workers look after the elderly in assisted living facilities. In one facility, a large-eyed humanoid named Pepper leads the residents in song, while a robotic baby harp seal named Part responds to touch and sound, turning to and nuzzling patients who stroke or talk to it. Aibo, a robo-dog originally intended for the retail market, is being repurposed as a pet for the elderly. Pepper also helps monitor the corridors at night, and even leads exercise classes. A survey found that using robots encouraged over a third of the residents to become more active and autonomous.
Will robots get even more personal? A survey of 12,000 people of mixed ages worldwide found that up to 27 percent of 18-34-year-olds would be comfortable swapping out a human romantic relationship for a romantic—and sexual—relationship with a robot. Men were three times more likely than women to form such relationships.
About the Author: Bob Veres has been a commentator, author and consultant in the financial services industry for more than 20 years. Over his 20-year career in the financial services world, Mr. Veres has worked as editor of Financial Planning magazine; as a contributing editor to the Journal of Financial Planning; as a columnist and editor-at-large of Dow Jones Investment Advisor magazine; and as editor of Morningstar’s advisor web site: MorningstarAdvisor.com.
Mr. Veres has been named one of the most influential people in the financial planning profession by Investment Advisor magazine and Financial Planning magazine, was granted the NAPFA Special Achievement Award by the National Association of Personal Financial Advisors, and most recently the Heart of Financial Planning Distinguished Service Award from the Denver-based Financial Planning Association.
Around 5,000 nursing-care homes across the country are testing robots. AT SHINTOMI nursing home in Tokyo, men and women sit in a circle following exercise instructions before singing along to a famous children’s song, “Yuyake Koyake” (“The Glowing Sunset”).
A new report suggests that over a quarter of 18-34 year-olds will feel it’s normal to form friendships and even romantic relationships with robots in the future. A new report has looked people’s attitudes to the future of technology. Of 12,000 interviewed, over a quarter of 18-34 year olds said they’d date a robot.
You may have read that women are far more likely to face poverty in retirement than their male counterparts—but you may not realize just how big the disparity is. In fact, women are 80% more likely to fall into poverty toward the end of their lives, compared to men, according to a 2016 study by the National Institute on Retirement Security.
Continue reading Gender differences—In Retirement
We’ve all heard about as much as we can take about the U.S. Fed’s multi-part QE program, and similar stimulus programs instituted by the European Central Bank. What they mostly have in common is the purchase of government and certain mortgage-backed bonds on the world markets, which has the effect of holding down bond rates and, therefore, borrowing rates.
Continue reading False Positive?
The new tax law hasn’t been formally ratified by the U.S. House and Senate, but all indications are that the Tax Cuts and Jobs Act of 2017 will be sent to the President’s desk in the next few days. As you probably know, the House and Senate versions were somewhat different. What does the new bill look like?
Continue reading What the Tax Bill Means to You
When you meet people, at work, in interviews, at parties, there is a lot of judging going on, and the good or bad impression you make usually isn’t based on the words you say. A recent article in Forbes magazine suggests that you’re most often evaluated on your unconscious behaviors, the things you probably never think about.
Continue reading Making that Impression