Voices

Pipop Boosarakumwadi | Getty Images

Farr, Miller & Washington is a “buy-to-hold” investment manager, which means we make each investment with the intent to hold the position for a period of three to five years. Nevertheless, in each of the past ten Decembers I have selected and invested (personally) in ten of the stocks we follow with the intention of …

Image source: Jason York | E+ | Getty Images

The lure of the Roth individual retirement account is simple: You pay taxes on your contributions, and then your money grows tax-free. Roth IRAs are particularly appealing to high earners, who may expect to be in an even higher tax bracket during retirement. The Roth’s downside? You can’t contribute to a Roth IRA if your …

Brendan McDermid | Reuters

Up until very recently, we’ve all been watching the almost daily pronouncements of new all-time highs in both the S&P 500 and the Dow Jones Industrial Average. But many investors may be in for a rude awakening: an account statement that shows an annual return less than the major indexes—and less than what the investor …

100828931-163640449-1(1).530x298

It’s that time of year again: the dreaded performance review. While this practice is key to getting teams to set priorities and clarify actions, managers (and employees) often treat it as a make-work task instead of a productive conversation. Perhaps it’s no wonder then that companies worldwide deliver just 50 to 60 percent of the …

Oktay Ortakcioglu | Getty Images

Just after the turkey and Black Friday mania begins the most exciting time of the year: holiday-party season! Lucky for you, I’m here to make sure you don’t screw it up. The key to a successful holiday party is to have fun, but not too much fun. Holiday parties are like ordering lunch correctly: No …

SK Howard | Getty Images

December brings the annual ritual of panicking about holiday tipping—doormen, babysitters, housekeepers, dog walkers, deliverymen, barbers, handymen, and the list goes on. Who gets what? Who gets snubbed? There are plenty of guides with suggestions on who, and how much, to tip. But what’s the data say on what people actually do? According to a …

Musketeer | Getty Images

In my forties and fifties, my friends and I assumed we’d all retire at 65. Didn’t everybody? Then, still going full tilt in my early sixties, I thought retiring at 65 seemed too early. Yet data shows most American workers retire at 63 or 64, and we can claim Social Security benefits at 62. So …

Getty Images

Sorry to be the one to point this out, but you’ve got this contrarian thing all wrong. Going against the grain just for the sake of it does not make you a contrarian. Just because a stock or the overall stock market is up a lot doesn’t mean you should just sell or bet on …

mediaphotos | Getty Images

If you are enrolled in a pension plan at work, you can roll over money from your employer’s 401(k) plan into the pension plan, thereby increasing the size of your monthly pension check during retirement. And if the pension goes broke, the Pension Benefit Guaranty Corp.—which is to pensions what the FDIC is to banks—will, …

BrianAJackson | Getty Images

Good news: More workers than ever may be getting a bonus next year. A report released in August by human resources services firm Aon Hewitt showed more than 90 percent of companies surveyed increased the amount of money set aside for performance-based bonuses in 2015. While workers may celebrate getting a boost of cash that’s …

Jacob Wackerhausen | Getty Images

The next time you want to badmouth lawyers—which is probably, like, right this minute—consider the case of Genser Dubow Genser & Cona, a Long Island firm that specializes in elder law. Partner Jennifer Cona said that over the years handling clients’ estate planning, protecting their assets, or helping them prepare for nursing home care, she …

Aslan Alphan | E+ | Getty Images

Imagine you’re at a poker table, surrounded by some of the world’s greatest professional players. They’ve read every poker book, played thousands of games, and seen virtually every hand: The odds are clearly in their favor. You must decide whether to play, knowing the competition is fierce, or walk away. Investing in the stock market …

Spooky mega mansions

Some wealthy people are spending big money to make their homes look spooky for Halloween.

c-George | Getty Images

Crafting a good estate plan depends on many things. For instance, it can depend on the size and complexity of your assets, or what you want to leave to your heirs or charity. Additionally, any changes in your family circumstances or even changes to the estate-tax laws can have big implications for a trust. The …

Ryan McVay | Getty Images

Traditional and Roth individual retirement accounts, or IRAs, are each an essential retirement savings vehicle. They also share two key similarities: Both are smart ways to grow your money in a tax-efficient way for retirement, and they each enable you to invest as much as $6,500 per year. However, the similarities end there. As you …