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Earlier this year, mutual-fund company T. Rowe Price tried to determine the optimum retiree portfolio - the mix of stocks and bonds that would produce the highest returns without the risk of the nest egg running out. To do this, the analysts ran something called a Monte Carlo simulation, which...
Trying to boost returns by adding stocks can make matters worse. Even if you withdraw a mere 4% a year from your 401(k) and have an ultraconservative portfolio of 80% bonds and 20% stocks, you still have a chance of outliving your retirement account. Swap the bonds for stocks...
Born in Michigan and raised in Northbrook, Ill., Hughes never went Hollywood; the industry went to him. His signature movies were written and filmed where he grew up. As a copywriter and then as a contributor to National Lampoon magazine, where his "Vacation '58" humor piece led him into movies...
FRIDAY Your first view of Naples' glittering bay should be from a room at Hotel San Francesco al Monte, www.hotelsanfrancesco.it, a stylishly renovated 16th century ex-convent, with outdoor pool, in the hilltop Vomero quarter. Toast the start of your weekend at Pescheria Mattiucci, www.pescheriamattiucci.com, a tiny fish restaurant. The...
Vegas, Baby! As you'd expect, Las Vegas hotels are running some outstanding specials right now: Circus Circus is just $27 per night (800-634-3450); the Excalibur will run you $31 (877-750-5464); Luxor starts at $55 (877-386-4658); the Monte Carlo ups it by just a...