The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
The iPhone of retirement products
Moshe Milevsky, finance professor at York University’s Schulich School of Business, used this phrase recently in an interview to describe the tontine, a retirement savings vehicle that fell into disrepute years ago. You buy into a tontine with other people and get paid regularly. As people in the tontine die, their shares are distributed to survivors. Prof. Milvesky’s new book is called King William’s Tontine: Why the Retirement Annuity of the Future Should Resemble It’s Past.
Weirdo vending machines
A slide show of bizarre stuff sold in vending machines, including mashed potatoes and lobsters. Back when I was a business reporter, one of the more fun assignments I had was to cover the annual meeting of the vending machine industry. The buzz back then was all about a vending machine that would dispense French fries.
Check out these Aeroplan changes
A look at some changes in Aeroplan’s fixed mileage award charts.
The difference between being good and bad with money
A blogger’s thoughts on his own maturing in how he handles his money.