The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
In defence of annuities
A U.S. money manager’s takedown of annuities drew this strong and persuasive defence from Prof. Moshe Milevsky, associate professor of finance at York University’s Schulich School of Business in Toronto and executive director of the IFID Centre at the Fields Institute for Research in Mathematical Sciences.
If you want to read more about how annuities can address your retirement needs, check out a book Milevsky co-wrote with Alexandra Macqueen called Pensionize Your Nest Egg: How to Use Product Allocation to Create a Guaranteed Income for Life.
She’s selling her house and renting
Krystal Yee of the Give Me Back My Five Bucks blog sold her townhouse recently and will now rent. Here’s how her monthly budget compares as an owner and a renter.
Don’t buy houses as an investment…
…buy Home Depot shares instead. They’re the best performing U.S. stock of the past 34 years.