Web Editors' Choice 2013

By The Editors - 2013-12-24T19:48:39Z

Photograph by Phelan M. Ebenhack/Bloomberg

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Losing a Lot, Still Feeling Lucky

The challenge for all reporters writing about people’s personal finances is that most folks love reading about others’ financial lives, but hate talking about their own. Carol Hymowitz tells the story of how Tom Palone, a onetime corporate executive, wound up spending his retirement savings and working at golf club grill. It took a series of meetings in Florida before Palone opened up to the reporter. Initially reluctant, Palone eased into the story and gave her access to his family -- and even his financial records. What makes this story so powerful is how it combines an honest discussion of financial mistakes and shortfalls with a sense of Palone’s irrepressible optimism and youthfulness.