Bob Chesner had a sneaking suspicion he might be paying too much for his retirement plan. The partners at his 25-employee law firm had picked their plan 15 years ago, long before technology-driven retirement platforms started to drive down costs. And when Chesner, chief operating officer of Austin-based Giordani, Swanger, Ripp & Phillips, started to dig into the details, he was shocked. Between administration, custodial, and management fees, the old plan cost participants a whopping 2.17 percent of assets each year.
Following the 2016-17 NBA season, Paul Pierce plans on retiring as a member of the Boston Celtics, according to Justin Termine of the Sirius XM NBA Radio. Back in September, Pierce wrote a short letter on The Players’ Tribune, revealing that his upcoming 19th year in the league would be his last. “It’s time to move on from the game of basketball. Just like any difficult decision, I think you’ve got to be at peace with yourself,” Pierce wrote. “I’m at peace with retiring, but I’ve got one more ride left.”
It looks like the contentious and protracted contract negotiations with Birdman and Cash Money Records have taken a heavy toll on Lil Wayne.