Why You Shouldn’t Substitute Stocks for Bonds

A friend sent me the following article from the USA Today insert of his local paper. The article proclaimed “The 60/40 stock-and-bond portfolio mix is dead in 2016” and went on to explain that with bond interest rates near historical lows, one should reach for higher returns by taking more risk with stocks. The article quoted one adviser who suggested investors in their 60s invest 70 to 80 percent of their portfolio in stocks. I couldn’t disagree more, and here …

Groundbreaking Law Will Help 2.5 Million Workers Retire With Confidence

”Great news from Illinois: A new law will help 2.5 million workers retire with confidence. Signed by former Gov. Quinn this year, the Illinois Secure Choice Program gives millions of state residents a way to save for their future at work — a tool that increases savings rates by 15 times.  Upon signing the bill, Gov. Quinn shared, “This is a special … opportunity, for all of us to go forward at helping people save for retirement. Secure Choice is …

9 Things to Know if You’re Laid Off After 50

Tales from the newly laid-off have been overflowing my Facebook news feed of late. These journalist friends, all of them over 50, are gobsmacked by the idea that their publications will go on without them. I get it — the same thing happened to me five years ago — and I’m heartsick for all of them. On the dark day in 2009 when I was unceremoniously dismissed from USA Today, I was informed that my job had been “eliminated.” Of course, …

Al Neuharth: 5 Ways USA Today’s Founder Changed the Newspaper

There are two schools of thought about USA Today founder Al Neuharth, who died on April 19 at age 89 in Cocoa Beach, Fla. Some think he helped ruin the newspaper, an institution older than our country itself, by turning it into a paper-and-ink imitation of TV news. Others think he helped modernized a desperately outdated medium and, in so doing, perhaps staved off its demise. Either way you choose to look at it, though, the former Gannett CEO was …

Stop the Sequester (Wait … What’s a Sequester?)

The major budget cuts looming on March 1 are a bad idea, whether you know much about them or not. That’s one takeaway from a new poll by the Pew Research Center and USA Today on issues that are likely to dominate the political landscape this year. By a 9 point margin (49 to 40 percent), those polled favored finding a way around the $85 billion in spending cuts scheduled for military and most domestic programs – known in Washington …

5 Heart Tests You Don’t Need, 4 You Do

How heart smart are you? Do you know what your gums have to do with your heart? Or what the most dangerous day of the year is for a heart attack? Or the best type of pet for someone who has had a heart attack? And what about some of those tests your doctor might want to order, like a heart calcium scan or an exercise stress tests — do you really need them? Nationally known heart experts Steven Nissen, …