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Carrick on money: Those fabulous lives can be fuelled by debt

Mick Jagger and designer L'Wren Scott pose on the red carpet at the Metropolitan Museum of Art Costume Institute Benefit celebrating the opening of Alexander McQueen: Savage Beauty, in New York in this May 2, 2011, file photo.

Mike Segar/REUTERS

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Those fabulous lives can be fueled by debt
The story of L'Wren Scott, the glamorous fashion designer and girlfriend of Mick Jagger who committed suicide last month. She was found to be at least $6-million (U.S.) in debt.

So much for annuities
A website for investment advisers presents some research suggesting annuities are a bad deal, even for retirees worried about outliving their money.

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Income trusts, American style
There's been a surge of interest lately in Master Limited Partnerships, the U.S. version of our late, lamented income trusts. If you were an income trust fan, you'll find this cautionary article about MLPs to be of interest in a nostalgic sense.

The $5,000 (U.S.) hamburger
It's called the Fleurburger 5000 and it "comes loaded with foie gras and black truffles." Too rich for your blood? Try the $250 Indulgence Burger, with truffles and caviar.

More money
Join the 36,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More


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