Money Talk: Growth Requires Accepting Some Risk
Question: What is the best way to protect my 401(k) now and in the future when I draw from it for retirement? What is the least risky place to “bank it”? I have a fear of a crashing stock market in the middle of my retirement years. Answer: The bigger risk is that the stock market will crash early in your retirement years. Starting withdrawals from a shrunken pool can dramatically increase the odds of running short of money in your...
Car Defects Raise Doubts About Crash Convictions
Lakisha Ward-Green spent three months in jail after she lost control of her Chevrolet Cobalt, killing her teenage passenger. Last week, a Pennsylvania judge, citing “newly discovered evidence” erased her guilty plea. The new evidence: the February 2014 recall by General Motors of 2.6 million cars for defective ignition switches. Ward-Green, now 25, is part of a small but growing group of people caught in a Kafkaesque legal web...
