Word: asseted
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...Society of Professional Asset-Managers and Record Keepers says nearly 73 million Americans, or just under 50% of our working population, now have a 401(k). And collectively we pour more than $200 billion into these accounts each year. But retire rich? Don't bet on it. The average 401(k) has a balance of $45,519. That's not retirement. That's two years of college. Even worse, 46% of all 401(k) accounts have less than $10,000. Today, just 21% of all U.S. workers are covered by traditional pensions, and the number shrinks every year. "The time...
...solution: a new type of insurance. Retirement savings, it turns out, are exactly the type of asset we need insurance for. We need insurance to protect against risks we can't predict (when the market collapses) and can't afford to recover from on our own. "People tend to meld savings and insurance in their mind, but they are not substitutes," says Nancy Altman, a former Harvard professor and the author of The Battle for Social Security. "It's fine to have a savings plan as a supplement but not as the main retirement protection for everyone." She says...
Elaine B. Driscoll, a spokesperson for the Boston Police Department, said that Claiborne, who comes to Harvard after 30 years in the BPD, “has been a tremendous asset to the Boston Police Department...
...soliciting help with math homework or with an essay weighing Dr. Frankenstein's best and worst qualities. Bill Clinton's sensitivity to the challenges his daughter faced belies his image as an unabashed narcissist. The President would be late for anything except her ballet recitals; he would flaunt any asset for political advantage except...
...ancestors built the lake system and who now heads HRH Hotels, a chain of 12 heritage properties, including five in Udaipur, converted from family palaces and hunting lodges. "Like my forefathers, I feel it's my responsibility to bring us together to take action quickly or lose our greatest asset, both environmentally and economically." (Read "Can India Train Its Intractable Capital...