Word: earnings
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...basis of historical returns, by 2040 the average 401(k) of a near retiree would grow to an inflation-adjusted $451,944. That money, spread over 30 years, could replace at least 50% of the average retiree's income. Add Social Security and even highly paid workers will probably earn more than 80% of their preretirement income. "The only reason these accounts haven't lived up to their potential is that they haven't gotten enough time," says James Poterba, president of the NBER, who co-authored the study. (See 25 people to blame for the financial crisis...
With this offensive production, Harvard hopes it can finish the season on top of the Ivy League and earn its fourth consecutive trip to the NCAA Tournament...
...world's second most valuable traded commodity, after oil, the money it brings in is measly. "It's not enough to live on," says Luis Antonio, who has grown coffee near Quetzaltenango, in Guatemala's western highlands, for three decades but gets deeper in debt each year. "What we earn isn't enough to buy food for our children." (See pictures of urban farming around the world...
...pack-running paid off for Harvard, as the Crimson managed to split the Bulldogs’ top performers. Although Gilmour and Neely fell of the pace a bit on the final hill, they and Galebach held on long enough to earn retribution for the team’s September defeat...
...bids. As a result, Pyeongchang lost two nail biters, surrendering the 2010 Games to Vancouver by three votes and losing out on the 2014 Games to Sochi, Russia, by four votes. Being the favorite, as Pyeongchang knows, is never a guarantee of success. Sydney trumped front runner Beijing to earn the 2000 Games, and Atlanta beat the favored Athens bid four years earlier. (See the long history of Olympic politics...