Tuesday, October 23, 2007

NY Times Looks at Retirement

The New York Times special section on retirement has several articles of interest:

Making a Millionaire Feel Special notes that "ordinary millionaires" are leaving wire-house brokers in search of fiduciary standards and personalized service. They're turning to financial planners or outfits such as Gibraltar Private Bank and Trust.

Picking Annuities advises retirees to deal with top-rated companies and seek professional advice; today's annuity products are far too complicated to be chosen by do-it-yourself investors.

For Love and a Little Money spotlights a noteworthy trend. Retirees "volunteering" for service with non-profits are demanding at least token pay. Some need the money. Others find non-profits don't take their services and ideas seriously unless they are paid employees.

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