 Redefining Retirement in the 21st Century
If you are When a man retires and time is no longer a matter of urgent importance, his colleagues generally present him with a clock. 
- R.C. Sheriff
The days may be over when a gold watch is a somewhat ironic and less-than-useful gift for a retiree. If the experts are on target, retirement in the next century will scarcely resemble the conventional image of lazy days spent on cruise ships and golf courses. You might plan to open a business of your own. Or perhaps you'll return to school for that graduate degree you never had the chance to complete. Of course, you'll probably still find time to sit back and put your feet up.
More on 'Redefining Retirement' here.
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Market Commentary
China's New Year Fireworks
The People's Bank of China (PBOC) started the New Year with a downward currency adjustment and fireworks followed. 
Last week, three distinct issues affected China's stock market. First, the PBOC's devaluation of the yuan (a.k.a. the renminbi), along with the knowledge the central bank had been spending heavily to prop up its currency in recent months, led many analysts and investors to the conclusion China's economy might not be as robust as official reports indicated, according to the Financial Times.
Not everyone was surprised by this revelation.
More Market Commentary here.
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By the Numbers
Notes: S&P 500, Gold, DJ-UBS Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized ... more important disclosure mentions found here. (We urge you to read the entire disclosure statement.)
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