 | | | | When clients tell financial adviser Catherine Valega that they want to invest their money in women, they are not always clear what they mean. | | | | | | Former U.S. senator Alan Simpson summarized the argument well: seniors fighting Social Security benefit cuts were nothing more than "greedy geezers" stealing from young people "who are going to get gutted." The Wyoming Republican's memorable phrase from 2012 is a good example of the colorful language of so-called intergenerational warfare - pitting generations against one another with zero-sum-game economic arguments. | | | | | | Owning a piece of art is not just for the ultra-wealthy anymore. | | | | | | T. Rowe Price Group Inc said on Thursday it would ratchet up the risk in its target-date retirement portfolios, boosting stock allocations to as much as 98% for younger investors. | | | | | | When former investment manager Ron Cordes started a charitable foundation in 2007, he got frustrated because he could only "do good" when he was actively giving the money away to needy causes. | | | | | | The U.S. securities regulator is on a collision course with powerful hedge funds executives, including former White House advisor Carl Icahn and Republican mega-donor Paul Singer, over a proposal they say could reduce shareholder voting rights. | | | | | | Allen Lomax knows how retirement is supposed to go: By your golden years, you should have paid off your house, built up a big pot of savings, and be able to face the years ahead without fear. | | | | | | New York state's top pension fund official said it was reviewing whether to divest from 27 coal companies and could make decisions on $98 million in holdings within two months. | | | | | |
