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...National Association of Securities Dealers (NASD), the Smart 401(k) Investing website www.nasd.com/investor/smart/401k explains the basics and also offers info for slightly more sophisticated investors--such as insights on asset-allocation strategies based on number of years until retirement, tax implications of borrowing from your account to buy a house, and options for what to do with your money if you switch jobs...

Author: /time Magazine | Title: Money: Time To Revisit Your 401(K) | 8/18/2003 | See Source »

...childhood obesity, that is. In a no-nonsense policy statement devoted to the growing problem, the American Academy of Pediatrics has called for its members to go beyond their routine tracking of height and weight. Pediatricians are being urged to identify children most at risk for obesity (taking into account birth weight, family history, ethnicity, socioeconomic status and other factors), then carefully track their body mass index--a ratio of weight to height--and watch for significant changes from year to year. Early intervention is key: University of Buffalo researchers have found that 86% of all obese children get that...

Author: /time Magazine | Title: Health: Let's Hope The Butt Stops Here | 8/18/2003 | See Source »

...them would hurt the terrorists, they argue, since both use the same underground pipeline to move cash, guns and fugitives across borders. "I'm positive that the Taliban are heavily involved in drug trafficking," says Wais Yasini, counter-narcotics adviser to Afghan President Hamid Karzai. "How else do you account for the source of their money?" This year, after a bumper crop of opium poppies, say U.N. officials, Afghanistan became the world's largest heroin producer, with an estimated $1.2 billion in profits...

Author: /time Magazine | Title: Drugs? What Drugs? | 8/18/2003 | See Source »

...started at the discount brokerage firm where I had an account. There I met with Mr. Income Annuity. He was short, stocky, substantial--bullish, you might say. After much computer analysis, he recommended that I spend a not insignificant sum on a five-year annuity and prescribed a "wealth-replacement" plan. But I didn't like the idea of replacing wealth. I preferred the idea of holding on to wealth...

Author: /time Magazine | Title: Investing: The Money Trail | 8/18/2003 | See Source »

...well for long. I was appalled at the controversial, risky stocks that began popping up in the stock portion of my account. (Do Tyco and WorldCom ring a bell?) I opted out of this part of the portfolio and requested more input into the selection of my fixed-income investments. Then the unthinkable happened. I was dropped! I was told that our relationship wasn't "philosophically consistent." Actually, I think I asked too many questions--like, What is this extra $50,000 doing in my account? In any event, it was a humbling experience. As a friend...

Author: /time Magazine | Title: Investing: The Money Trail | 8/18/2003 | See Source »

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