What do you do when your retirement portfolio comes up short of your retirement needs? This is the question that Sanjiv Das, Seoyoung Kim and Meir Statman attempt to answer in their 2014 paper Coming Up Short: Managing Underfunded Portfolios in a LDI-ES Framework.  With the Baby Boomers entering retirement after two major bear markets...Read More

If you manage your own investments, changes are good you read dozens—if not hundreds—of articles every year offering advice on what to buy in your retirement portfolio.  Most of the standard financial planning advice is, perhaps a little surprisingly, pretty solid.  Ultimately, the size of your retirement portfolio is a product of the amount of...Read More

2014 has been something of a lackluster year in the markets.  Economic data and earnings results haven’t exactly lived up to the expectations implied by last year’s 30% returns.  With earnings season almost over, about 76% of the companies in the S&P 500 have beaten analyst estimates.  But keep in mind, those estimates were not...Read More

We’re down to the last few weeks before April 15, the day more commonly known as “tax day,” among a few other colorful descriptions that are best not printed. If you haven’t filed your tax return yet, chances are good that you’re not expecting a big refund. But it’s not too late to do a...Read More

Congress doesn’t do much right, it seems. But when it created individual retirement accounts (IRAs) in 1974, it gave Americans one of the most versatile investment vehicles ever conceived, and one that has become the fundamental building block for millions of retirement plans. And when Congress created the Roth IRA in 1997, they took a...Read More