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Market performance tends to dominate the conversation about risks to a retirement plan. But spending shocks can also curb a retirement portfolio’s longevity. In Morningstar’s research, we examined the implications of two major types of spending shocks: unanticipated early retirement and uninsured long-term care expenses at the end of life. The former may necessitate spending over a longer period, often with higher healthcare costs in the pre-Medicare years, while the latter can translate into an effective “balloon payment” toward the end of life. Early retirement Early retirement — before the standard age of 65 — is an increasingly common scenario. While Social Sec…

The most famous dead person to ever wear sunglasses just might be Bernie Lomax. Until now. Because the namesake for the 1989 hit comedy Weekend at Bernie’s was a fictional character, but you dear reader, you are very real. Liquid Death just announced its newest collab, this time with sunglasses brand Pit Viper, to make what its calling “Sunglasses for Dead People.” According to Liquid Death, 87% of people who have near-death experiences report seeing a blinding bright light. That’s not an exact science, but the canned water brand isn’t letting that get in the way of a good bit. Available on Pit Viper’s site for $119, the limited-edition shades feature shatt…

My first job was an unusual one, but I learned so many lessons from it that I carried with me throughout my career. I was in my last year at Cambridge and was planning to leave the next year for the Kennedy School of Government at Harvard when a British publisher approached me. He had seen me at a televised Cambridge Union debate speaking on the changing role of women and he wrote to me asking me if I would write a book on the subject. I replied, “Thank you, but I can’t write.” He replied: “Can you have lunch?” So I took the train to London and ended up getting both lunch and a book contract with a modest advance. That was my first lesson: take risks. People start…

The challenges with AI adoption have little to do with the technology itself. In the work environment, the hardest part is bringing together a new orchestration model that fully integrates AI tools while ensuring teams both adopt and master new behaviors to deliver tangible results. As Steve Lucas recently wrote in Fast Company, we have entered the era of the “AI natives and the AI nots.” This delta will become vividly apparent this year. At the center of the AI revolution: a fundamental reevaluation of organizational design. Roles are evolving because the skills, intelligence, and processes we have relied on are being upended and redefined. OLD PROCESSES AND …

Picture it: You’re in an economy seat on a 17-hour flight. Would you pay an extra $300 for just four hours lying flat? Air New Zealand hopes the answer is yes. The airline is finally launching its Economy Skynest lie-flat sleep pods, starting at $495 NZD ($291 USD) for a precious four hours. Passengers in economy and premium economy will have the option to book one of six individual pods nestled in three-tier bunk beds. The “nests” will be available on select Air New Zealand flights between Auckland and New York—one of the world’s longest flights. “For a country as remote as New Zealand, the journey matters,” Air New Zealand CEO Nikhil Ravishankar said in a …

Elon Musk has been summoned to Paris on Monday, where investigators are looking into allegations of misconduct related to the social media platform X, including the spread of child sexual abuse material and deepfake content. The world’s richest man and Linda Yaccarino — the former CEO of X — have been summoned for “voluntary interviews,” while other employees of the platform are scheduled to be heard as witnesses throughout this week, the Paris prosecutor’s office said. It remains unclear whether Musk and Yaccarino will travel to Paris. A spokesperson for X did not respond to questions from The Associated Press and Yaccarino’s current company, eMed, did not answer a req…