Coping with a wealth gap among siblings + MORE Dec 30th

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NEW YORK, N.Y. – When Jayson Seaver thinks about why he makes so much money while some Americans can’t catch a break, he thinks of the sacrifices he’s made, the jobs he worked to pay for college, the 12-hour days he spends at the office now.
And he thinks of his youngest sister, Jackie, whom he practically begged to go to college and how she refused and is “paying for it” now, watching with envy while he flies around on vacation and enjoys his wealth.
At least that’s how he sees it. She has a different view. But they don’t talk much.
“I’m disappointed in her,” says Jayson, 37. “I think it’s distanced us.”
It’s a story as old as humankind: People raised in the same home, at the same time, by the same parents, who as adults land in vastly different financial circumstances.
Experts see a growing trend. The same forces that have increasingly separated the richest Americans from everyone else is dividing brothers and sisters, too. It’s given rise to a mix of often conflicting emotions — jealousy and resentment, disappointment and distance, but also frequently understanding and respect…

This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.

NEW YORK, N.Y. – NEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Civeo Corp. (CVEO), down $3.92 to $4.35
The workforce accommodations company suspended its dividend and provided a lower-than-expected 2015 outlook, citing energy prices.
Macy’s Inc. (M), up 5 cents to $65.27
The retailer’s stock reached an all-time high point as the retail industry looks forward to the results of holiday sales.
Cliffs Natural Resources Inc. (CLF), up 26 cents $6.88
The mining and natural resources company’s stock continued rising a day after China’s iron ore futures posted strong gains.
Mobile TeleSystems (MBT), down 31 cents to $7.69
The wireless operator will jointly build and operate networks in Russia with VimpelCom to cut costs, according to Bloomberg.
Nasdaq
American Realty Capital Properties Inc. (ARCP), up 63 cents to $9.11
Activist investment firm Corvex Management LP disclosed a 7…

This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.

Last column, we looked at the topic of Extreme Early Retirement, whereby practitioners try to “retire” in their 20s or 30s. I’m using air quotes there, for two reasons.
First, I don’t believe becoming financially independent at such a tender age can properly be called “retirement” in the classic sense of the phrase. Second, I believe advances in longevity mean those who are still working should plan for much later retirement—the polar opposite of extreme early retirement.
In blogs on this theme, I’ve mentioned Mark Venning, who runs a site ChangeRangers.com, which focuses on the business and social aspects of aging demographics. Venning believes aging baby boomers shouldn’t be planning for classical retirement but rather should plan for extended longevity. The latter, he says, “is more in line with the reality of financial, health and social conditions that now evolve incrementally over a wider period of time.”
As financial planner Dan Houston writes in a recently published collection of essays on the topic, The Upside of Aging, “longevity changes everything…