Wish 1: The person I want to make care decisions for me when I can't. This assigns a health-care agent (also called a proxy, a surrogate, a representative, or a health-care power of attorney). This person makes medical decisions on your behalf if you are unable to speak for yourself.
We're getting a crack at new technology: a retirement plan robo-adviser. My colleagues and I at Philadelphia Media Network have a 401(k) administered by Vanguard, the local mutual-fund giant. A few weeks ago, we got letters in the mail saying we're eligible to try out Financial Engines' "Retirement Evaluation" tool free for a few months.
Here's a little-known way your choice of retirement residence can lead to huge tax deductions. First, you move into a continuing-care retirement community (CCRC). Let's say it has an entry fee of $200,000 and a monthly fee of $5,000. Depending on where it's located, you can deduct $50,000 to $200,000 of the entry fee in the year you move in, and $3,000 or more of your monthly fees every year afterward.
He came, touted his blog, and riffed on the intricacies of negative interest rates. The Wharton School on Wednesday evening hosted former Federal Reserve Chairman Ben Bernanke, who sat for an hour-long Q&A with finance professor Jeremy Siegel before a packed house at the Annenberg Center.
Those pesky cyber-criminals are targeting us where it hurts: on the job. Hackers now pose as our bosses or supervisors, law enforcement officials say - asking us to send emails with sensitive W-2 tax returns or payroll information and employee Social Security numbers.
Ralph W. Galati, who retired as a captain in the U.S. Air Force, was taken prisoner and held at Vietnam's notorious "Hanoi Hilton," where a fellow POW was the future U.S. Sen. John McCain. After 14 months in captivity, Galati returned to his native Philadelphia in 1973, worked as a flight instructor, then joined IBM, where he worked for 28 years.
Wall Street's seven-year-old rally is aging. After gains of over 200 percent since 2009, what's next? Not a recession, at least not yet, says Binney Wietlisbach, president of Haverford Trust in Radnor, which oversees roughly $6 billion in assets. Haverford's 2016 outlook calls for annual GDP growth similar to last year's 2-to-2.5 percent, with perhaps one or two interest rate hikes by the Federal Reserve.
Erin Arvedlund writes a weekly column for the Inquirer on investing and personal finance. Her first book was Too Good to Be True: The Rise and Fall of Bernie Madoff (Penguin).