The risks to manage in decumulation Previous generations of retirees tended to have greater access to defined benefit (DB) pension plans. Those plans, Febbraro explained, offered guaranteed lifetime income and professional investment management. For the roughly 7 million Canadians who still have access to DB plans according to StatCan, longevity risk is not as much…
GM boosts profit outlook, cites ’resilient’ consumer demand
The U.S. government announced Monday it suspended funding for the U.S. Virgin Islands’ housing authority after an investigation found widespread corruption, as residents still struggle to recover from two major hurricanes that hit nearly a decade ago. U.S. Housing Secretary Scott Turner said that nine years after the U.S. territory received $1.9 billion in disaster recovery funding,…
Kitchens are one of the most functional spaces in any home. There’s no doubt that they have to be practical but it’s important that they feel cozy and homely, too. How do you get the balance right between style and functionality? Before renovating your kitchen you should write a list of priorities and work out…
Divorce reshapes family life, yet little is known about one of its most consequential features: the allocation of child custody. We study the impact of joint versus sole custody on both parents and children using rich administrative data from Sweden linked to over 25 years of newly-collected court custody rulings. To address selection concerns, we…
An F/A-18F Super Hornet, attached to Strike Fighter Squadron (VFA) 41, prepares to launch from the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72). Courtesy: U.S. Navy A ramp-up in fighting between the U.S. and Iran over the weekend has left Wall Street reconsidering its expectations for the war’s economic impact. The…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Newly enacted housing…
Tight quarters call for furniture that can do and be many things. The problem is that a lot of the time, while multifunctional furniture makes sense, it lacks when it comes to style. That’s what impressed me so much about IKEA’s new UGGLERUM Side Table. Not only does it solve the problem of having a…
While significant healthcare policymaking in Congress has become sporadic and uneven, the executive branch, led by the Centers for Medicare and Medicaid Services (CMS), has filled the void by driving near constant change to key programs. It is an open question whether this executive-centric approach to healthcare policy, which emerged across multiple Democratic and Republican…
Wall Street wants to see whether Tesla can deliver on its robotaxi and Optimus plans.