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KNOW-NOTHINGS Most people don't manage their 401(k) funds well, according to a batch of studies undertaken by John Hancock Financial Services, Fidelity Investments, Putnam Investments and AARP. Why? Because they are too ignorant, too optimistic, too busy or too lazy. Are you one? Do you know what you should save? The returns and risks of the stocks and bonds that make up your funds? Here are a few no-nos: cashing out 401(k) balances when changing jobs despite heavy penalties; failing to diversify enough and reallocate in a timely way. No wonder, since half...
...TIME.com Q&A, TIME senior economics reporter Bernie Baumohl goes over the numbers and takes a look down the road - including how this latest batch of news will play at the Fed's next meeting at the end of June...
When he offered up 11 nominees to the federal bench last week, President George W. Bush urged Congress to confirm them swiftly and without rancor. That won't come easily. Democrats are itching to pick off at least one conservative from the batch. For the moment, they're holding their fire to see what kind of horse trading they can do with the White House. But they already have a No. 1 target: U.S. District Court Judge TERRENCE W. BOYLE, 55, a protege of North Carolina conservative Senator JESSE HELMS. Bush has tapped Boyle for the Fourth U.S. Circuit Court...
...dean of the College and a chemist as dean of the Faculty, the cynic may find grounds for long-term worries. Either way, this is a pressing problem facing the administration and all the necessary steps, from supporting departmental tenure decisions to making the money available for a new batch of professorships, must be met as those in the sciences have been...
...Chapter Three: First Notes 1958: Following a friend's urging, and ignoring naysayers, Hillegass uses a $4,000 loan to publish his initial batch of Notes. In one year, he sells 58,000 copies...