The Daily Brief
Cruising Through Retirement

Cruising Through Retirement

#lifegoals. | Copyright Garry Hogg, Getty Images

Depending on their health, income levels and home city, retirees may actually be better off living aboard a cruise ship than other housing options, according to a study in the Journal of the American Geriatrics Society. For example, CNBC reports that a reservation on Princess Cruises averages $135 a day with long-term and senior discounts, not including medical care or excursions. By comparison, it costs an average $229 a day for a private room in a nursing home and $3,293 a month for a one-bedroom in an assisted living facility. And cruises offer housekeeping services, entertainment, educational programs, 24-hour meal service, fitness centers and pools, as do many assisted-living facilities. "You just bring your suitcases and unpack them," frequent cruiser Jack Ross told CNBC. "It's like living at home, but I don't have to worry about renewing my driver's license," he said.

Dynasty Founder Named to Aspen Institute Fellowship

A member of the inaugural class.

Dynasty Financial Partners Founder and CEO Shirl Penney will be part of the inaugural class of the Finance Leaders Fellowship at the Aspen Institute, a Colorado-based think tank. The class consists of 22 individuals from various sectors within finance, including pensions, endowments, regulation, banking, wealth management and others. The goal of the two-year fellowship is to inspire the leaders to shape the industry's future through values-based leadership and launch ventures that will have a positive impact on society and finance. "Part of why we started Dynasty was to help address issues around financial health, and we have always believed that delivering more independent advice is helpful to evolving more sustainable and positive financial health for individuals and institutions," Penney said. Stacy Grant, executive director and private wealth advisor with Morgan Stanley Private Wealth Management, was also chosen for the fellowship.

Fidelity Launches Fidelity Go

Digital dashboard.

Fidelity Investments announced the launch of Fidelity Go, its new low-cost digital advice platform. Interested investors begin by answering a few questions about their risk tolerance and financial goals, after which they are offered several investment options, with a minimum account balance of $5,000. All-in fees for the robo range from 35 to 40 basis points. Geode Capital Management, subadvisor to the Fidelity equity index funds and other Fidelity products, will invest, monitor and manage the portfolios over time. In addition to a digital dashboard, clients also have access to Fidelity's broader tools, including online financial planning, ongoing monitoring with mobile apps and the ability to direct the cash back from the new Fidelity Rewards Visa Signature Card into Fidelity Go accounts.

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