Here Is Why You Should Share Family Stories

In 1902, 16 years old and alone, my grandmother set sail from Cork, Ireland, to a new life in America. She landed in New York and found work as a maid with a wealthy family whose physician suggested she train as a nurse. She didn’t have a high school diploma but talked her way into nursing school. After graduating, she joined the Red Cross and was deployed to French hospitals near the front lines of World War I. Terrified by …

Tightening the Family Ties

Sometimes I feel like an in-house publicist for my three adult children: a text to the middle son asking him to give his sister a call; an email to the oldest telling him about his brother’s time on a half-marathon; a phone call to the youngest suggesting she check in with her brothers. Why persist in trying to tighten the sibling bonds? Because adult children are often at different stages – and locations – in their lives so it takes …

More Investors Choosing Target-Date Funds for Retirement Savings

Target-date funds are growing in popularity among investors in workplace retirement plans because they’re so easy to manage. You pick a retirement date, and the mix of investments automatically adjusts to a more conservative allocation as you move closer to that date. No muss, no fuss. If you’re not investing in a TDF, chances are you will be. A new study says that by 2018, nearly two-thirds of all 401(k) savings contributions will go into these funds. TDFs have become …

The Secret Millionaire Twins

Kathleen and Robert Magowan of Simsbury, Conn., never attracted much attention during their lifetimes. The twin siblings, born in New York, lived for a time in Bolivia and Alaska - their father was an explosives manufacturing executive – before settling in Connecticut in 1942. Neither Kathleen, an elementary schoolteacher, nor Robert, who served in the military in World War II and then became an agent for Prudential insurance, ever married. In later years they lived together as near recluses in a …

In These States, Hospitals and Patients Could Be in for a Rough Ride

Hospitals and health-care systems in the 21 states that aren’t expanding Medicaid, the health program for low-income Americans, may be in for an especially rough financial ride. With hospitals in those states facing the prospect of providing even more uncompensated care, Bloomberg.com says, the municipal bonds they put up for sale may very well have diminished appeal. As Bloomberg’s Brian Chappatta explains: “Health-care related bonds are already posting the biggest losses among revenue debt in the $3.7 trillion municipal market, …