When you least expect it, expect it. I seem to remember that line from a1970s sitcom. Perhaps it was an older brother promising revenge on a younger sibling? In any case, as it turns out, those cautionary words aptly describe the results of the Brexit referendum.
We heard some good news about the Department of Labor’s (DOL) new fiduciary regulations last week. William McNabb, chairman and chief executive officer of Vanguard, said at the Morningstar Investment Conference last week that he believes the new regulations will be enacted, despite a flurry of lawsuits filed against the new rules.
To motivate people to save for retirement, I often quote statistics and recalled an article I came across more than a year ago in the Atlantic Monthly. In “What Happens When We All Live to 100?”, Gregg Easterbrook writes, “When the 20th century began, life expectancy at birth in America was 47 years; now newborns are expected to live 79 years.
The lawsuit everyone has been waiting finally arrived last week, perhaps opening the litigation flood gates.