John Rekenthaler questions the industry-standard Target Date Fund glide path in the Morningstar article Should Target-Date Funds Allot More to Equities?. He runs tests comparing the traditional target date glide path alongside two alternatives: “Traditional” Target Date Glide Path: 85% stocks/15% bonds from ages 25 to 35. Stock % gradually decreases to 48% stocks from…
The U.S. accused Apple of having a monopoly The Justice Department filed a lawsuit against Apple, arguing that the company had violated antitrust laws by using practices that were intended to keep customers tethered to iPhones. The lawsuit accused Apple of preventing other companies from offering applications that compete with products like its digital wallet;…
SACRAMENTO — Gov. Gavin Newsom’s administration unexpectedly yanked its support from a sweeping proposal that would have protected millions of California’s indoor workers from dangerous heat, saying it can’t endorse it without knowing the projected costs to the state. But the board that oversees worker safety immediately defied the administration Thursday by unanimously approving new…
The April 15 deadline for filing federal income tax returns is fast approaching, and Sen. Elizabeth Warren of Massachusetts is back to remind us just how unfair and unbalanced the nation’s tax system is. After all, it lets the country’s wealthiest people get away with paying a lower tax rate than the average American. On Tuesday, Warren and other…
Dayton rallies from 17 down, stuns Nevada in NCAA tournament ESPN Best March Madness upset picks: Our predictions for NCAA tournament first-round stunners USA TODAY Nevada’s Steve Alford, players react to late-game collapse in loss to Dayton Nevada Sports Net UD overcomes cold shooting to take down Nevada, 63-60, in NCAA Tournament play WHIO Dayton pulls off miraculous second-half…