Baby boomers, it's time to play catch-up. All the 50-somethings who'd been religiously plowing money into their 401(k) plans just got slammed with the trifecta of trouble—sinking stock, tight credit and a lousy housing market.But there are a host of strategies for catching up in a hurry.
There are reasons retirees flock to Florida, beyond the beautiful beaches or loving attention from presidential candidates. It's the tax structure. There's no income tax; prescription and over-the-counter drugs are tax-free; and retirees can claim an annual homestead exemption as high as $50,000 against their personal property taxes.Stark differences in tax policy between one state and another have many retirees on the move.Several states exempt pension income and Social Security from income...
Warren Buffett is betting on a turnaround. Should you?
Can't remember if you took your medicine? Researchers at the Georgia Institute of Technology have developed a sensor necklace that can record when its wearer has swallowed pills, and send reminders if necessary.The MagneTrace relies on tiny magnets embedded in specially designed pills.
Well-stocked minibar? Check. Extra-deep pillow-top mattress? Check. Now, if only there were someone in this hotel to just read you a bedtime story.For every traveler who's ever had those thoughts, there's Hyatt's new Andaz Liverpool Street Hotel in London, which claims to be the first with a reader in residence.
Betting on the weather may not sound like a business plan, but it's what farmers, ski resorts and utilities do all the time. Now they're turning to new financial products to hedge the risk. "Every November or December we get nervous," says Eliot Peyser, CEO of Manhattan's Weatherproof Garment Co.