Briefly Noted Articles

Pollution Hurts Stock Returns

December 2016
A study in New York City found that as pollution levels rise, investors become more risk-averse, which leads to worse returns for stock prices. Read more »

Declining Cognitive Skills Associated With Overconfidence

December 2016
A analysis of data collected in a study on cognitive abilities in older adults found a positive association of unjustified confidence with risky investments in those with declining cognitive skills. Read more »

Seven Steps That Couples in Their 50s Should Take

December 2016
To be better prepared for retirement, Money Magazine suggests seven smart moves for partners in their fifth decade of life. Read more »

Five Retirement Challenges Facing Women

December 2016
TIAA says that women face five challenges when it comes to ensuring they will have enough income to provide for a safe retirement. Read more »

Social Security Administration Accused of Giving Incomplete Information

November 2016
An analysis conducted by the U.S. Government Accountability Agency (GAO) found that Social Security applicants were given incomplete, not enough and, in a few instances, incorrect information. Read more »

SEC Adopts New Mutual Fund and ETF Rules

November 2016
New rules for funds aim to modernize information reported by funds, require liquidity risk management programs, and permit swing pricing, Read more »

Reducing Spending Key to Making a Retirement Portfolio Last

November 2016
A flexible spending and withdrawal strategy is better than a rigid one, concludes a Vanguard study. Read more »

Suggestions for Managing the Risk of Cognitive Decline

November 2016
Cognitive impairment has a direct, negative impact on a person’s and couple’s finances, yet many do not want to talk about it. Read more »

You Can Judge a Fund by Its Volatility

October 2016
Actively managed funds with high levels of volatility are likely to stay highly volatile and those with low volatility are likely to continue to experience low volatility. Read more »

Tax Uncertainty and Traditional Versus Roth IRAs

October 2016
The decision to allocate between a pretax retirement savings vehicle (e.g., a traditional IRA) and an aftertax retirement savings vehicle (e.g., Roth IRA) depends on both current and expected future wealth. Read more »

“Trusting Your Gut” Not Proven to Increase Returns

October 2016
A study of traders suggests gut feelings can provide valuable physiological signals. However, the research could not establish causation. Read more »

IRS Allows Waivers on 60-Day Rollover Deadline

October 2016
The tax code allows the 60-day rollover requirement to be waived when “the failure to waive such requirement would be against equity or good conscience.” A list of the reasons the IRS would consider a waiver claim acceptable. Read more »

Retiree Portfolios and Warren Buffett’s Allocation Instructions

September 2016
A test of Warren Buffett’s instructions for allocating the cash bequeathed to his wife (10% in short-term government bonds and 90% in a S&P 500 index fund) showed that it has historically worked well for retirees who were willing to cope with higher levels of volatility. Read more »

Guidance for Analyzing an Early Retirement Offer

September 2016
Though an early retirement offer may may seem tempting, there several factors to keep in mind before deciding whether or not to take it. Read more »

10 Attributes Great Investors Share

September 2016
Michael Mauboussin, head of global financial strategies at Credit Suisse, compiled a list of the top 10 attributes he believes the great fundamental investors share. Read more »

Older Adults Place Less Value on Saving

September 2016
Each year a person ages, his or her discount rate—the implied internal rate of return (IRR) required for postponing having the money today—increases by approximately two percentage points. Read more »

A Simple Formula for Calculating “Safe” Retirement Spending

August 2016
Evan Inglis, a senior vice president for Nuveen Asset Management, gives a simple “feel free” strategy that should provide enough money for expenses but also allow a retiree’s portfolio to grow. Read more »

Data Mixed on Whether Volatility Is Rising

August 2016
An analysis of historical price movement among exchange-listed stocks found that the answer to the question of whether stocks have become more volatile will vary if volatility is considered on a daily basis or a monthly basis. Read more »

What Personal Traits Do Savers Share?

August 2016
Researchers studied a longstanding survey of Dutch households that contained demographics plus wealth and savings data to find the factors that would explain why some people have a greater propensity to save than others. Read more »

Study Finds Technical Analysts’ Recommendations Don’t Outperform

August 2016
A study of Dutch-listed firms and the major Dutch indexes found that technical analysis-based buy and sell recommendations were “largely in line with simple technical trading rules.” Read more »

Which Is Better: 4% Withdrawals or Annuities?

July 2016
TIAA Institute compared systematic withdrawals against annuitizing in retirement. Read more »

Not All Flights to Quality Are the Same

July 2016
A flight to quality is a change in market dynamic where there is a shift in allocation from risky assets to safer assets. A new study examined the factors that affect flight-to-quality episodes. Read more »

Suggestions for Not Outliving Your Savings

July 2016
Money Magazine published a list of five ways retirees and those who are still working can reduce the odds of outliving their savings. Read more »

Index Funds Influence Activist Investors

July 2016
The presence of large passive shareholders, meaning sponsors of index funds, influences not only the actions of activist shareholders, but also what changes they are successful in pushing for. Read more »



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