RJ and Makay

>> Read More RJ & Makay Blog Posts

Oslo, Zurich and Geneva top the rankings as the most expensive cities in the world, according to the latest research by UBS Wealth Management.  Copenhagen, Stockholm,  Tokyo and Sydney come in next at number four through seven.  Helsinki, Toronto and Singapore round out the top ten.  UBS economists arrived at its ranking by comparing the prices and earnings in 73 cities worldwide for a basket of 122 goods and services.

When doing retirement planning, almost half of retirees — 45% — don't account for the effects of inflation on their spending power, show the results of a survey released by the Society of Actuaries (SOA). That finding is worrisome because it suggests many retirees may run out of money faster than they thought.

The SOA survey, which included 804 adults ages 45 to 80, also showed that inflation is a much larger concern among pre-retirees, 72% of whom said their retirement plans contain an inflation assumption. Similarly, 71% were very or somewhat concerned about inflation, compared with 58% of retirees.