Word: 65th
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...rule on saving for retirement was that you should gradually reduce the percentage of stocks in your portfolio and increase the percentage of bonds. In fact, a common recommendation still used by some planners is to match your percentage of bonds to your age: at your 65th birthday hold 65% bonds (or bonds and cash) and 35% stocks. But a typical bond, the five-year Treasury, historically yields only about 5.3% and yields even less today--about 4.5%. The broad stock market, in contrast, has returned an annual average of about 11% a year since 1926, 18% a year since...
...some numbness in the left arm, at an inconvenient moment in the life of an even more unlikely figure--a media mogul with a conscience--named William Parrish (Anthony Hopkins). Parrish is fighting off a takeover bid from a less savory rival and grouchily submitting to having his 65th birthday celebrated at one of those parties of the century that seem to occur once a month in our better social circles...
Miller drilled the ball past the Husky goalie in the 65th minute, only to see it run by the goal just wide to the left...
...correspondent Karen Tumulty, that we won't see a Clinton Social Security plan this year -- if at all. "He may have learned some of the lessons of health care," says Tumulty. "You do things slowly." Hopefully for Clinton, the system will be successfully tweaked by August 19, 2011 -- his 65th birthday...
...graying of America also challenges traditional notions of retirement that once made a worker's 65th birthday a career ender. That milestone--decreed by German Chancellor Otto von Bismarck in the 1880s when the average life expectancy was just 45--typically came with a party and a pension, plus plenty of time for golf and the grandkids. But many seniors today are moving on to new careers, not only because they can use the money but also because they can and want to keep working...