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Photo by Cultura/yellowdog via Getty Images.Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Friday comes from a reader at Next Avenue. The NewsHour has partnered with Next Avenue, a new PBS website that offers articles, blogs and other critical information for adults over 50.Maureen Clark: I am a retired single registered nurse, 69, and have invested in a traditional IRA and mutual funds, mana
stanley cup ged by a large financial planning firm. Recently I learned that since my portfolio has fallen to less than $500,000, I would be incurring special management fees. This firm collects its fees based on a percent of my holdings, currently 1.5 to 1.7 percent plus other fees difficult to calculate , to manage funds that are already being managed by other fund managers. Do you think I could do as well by working with a low fee mutual fund directly Vanguard or Fidelity and using their basic formula to diversify I had consulted an independent financial advisor but found myself convinced to purchase an annuity, which was very costly to get out of. Besides a very small pension and Social Security, this nest egg and a paid-off home is all I have to last the next 20 or 30 years.Paul Solman: I feel passionate about this issue so
stanley cup let me be as blunt as possible. I think most money management firms are parasites who live handsomely off innocent investors by
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BURRAGATE, Australia 鈥?Two wildfires merged to form a massive inferno in southeastern Australia and a man suffered serious burns protecting a home, in a night of treacherous conditions during the nations unprecedented wildfire crisis, officials said Saturday.Authori
stanley cup ties were assessing the damage after firefighters battled flames fanned by strong winds through the night and lightning strikes sparked new blazes in New South Wales and Victoria, Australias most populous states. Conditions were milder Saturday and forecast to remain relatively benign for the next week. In the scheme of things, we did OK last night, said Andrew Crisp, Victoria emergency management commissioner.New South Wales Rural Fire Service Commissioner Shane Fitzsimmons told reporters that officials
stanley cup were extremely relieved the fires were not more destructive overnight.A man suffered burns protecting a home near Tumbarumba in southern New South Wales and was airlifted to a Sydney hospital in serious condition to undergo surgery, Fitzsimmons said.Several firefighters received minor burns and one suffered shortness of breath, but they were
stanley cup not admitted to a hospital, he said.With no heavy rain expected, the 640,000-hectare 1.58 million-acre blaze that formed overnight when two fires joined in the Snowy Mountains region near Tumbarumba, close to the Victorian border, is expected to burn for weeks, officials said.The fire crisis in Australia has killed at least 26 people, destroyed more than 2,000 home
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