Word: haven
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Dates: during 2000-2009
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That's the message that Hanses hopes will get local communities on board and draw a new generation of travelers to a countryside they haven't seen yet - and at a pace they may not be accustomed to. "We can't get away from the need for speed, but what we can do is change the driver intent," Hanses says. "We want people to experience the country and towns in their new EVs the same way people experienced it with their horse and buggies a hundred years ago." In other words, travelers, unplug while plugging...
...years ago. Even then, most firms (including mine) still provided pension plans to their workers. So boomers retiring now were never focused on piling money into 401(k)s. In order for the plans to succeed, workers have to stash savings regularly for about 30 years. Most accounts haven't been around that long...
...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...
...practice, 401(k)s haven't been nearly so rewarding. When Boston College's Munnell looked at the returns 401(k)s have actually produced compared with the projections, the difference was sobering. The average 55-to-64-year-old should have a 401(k) balance of $320,000. In fact, at the end of 2007, the average 401(k) of a near retiree held just $78,000 - and that was before the market meltdown...
...Gist: We all know that flying can be a miserable way to travel. Most of us have suffered airport gridlock, interminable flights in cramped seats or vanishing luggage - and those of us who haven't have surely endured the horror stories secondhand. If you're grumbling now, consider that airline performance has been above par - if far from stellar - since travel dropped sharply amid the economic downturn and that both ticket prices and congestion are expected to spike when the staycations end and customers return to the skies. A new report from the Brookings Institution puts air-travel trends into...