Word: highers
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Unsurprisingly, his solution is the one his company already sells - a 401(k)-like plan that Ferguson says has done a better job of boosting retirement savings than the original. The 3½ million retirement accounts in the TIAA-CREF system have an account that is on average 50% higher than the average 401(k). Ferguson pitched his company's solution to the retirement-savings problem to TIME. (Listen to TIME's Financial Toolkit: Should We Scrap...
...think a plan like this could be created? In higher education, a plan like this already exists, and TIAA-CREF offers it. Our 3½ million participants have on average 50% more in their retirement-savings accounts than in the average 401(k). So unlike the 401(k), our plan works...
...Another reason to think higher stock prices aren't necessarily in the offing: history. Since the market hit a low in March, it has fairly consistently marched higher, occasionally falling back, but rarely by more than a few percentage points at a time. The last time the market has had such a run without a correction of 10% or more was 1933, says Bartels. Momentum, pleasant though it may be, tends not to last for such long stretches...
...keeping up with theJoneses, we’re supposed to be the Joneses,” said History of Art and Architecture Professor Jeffrey F. Hamburger—an outspoken regular at Faculty meetings—who said he is concerned that Yale and Princeton may now have higher rates of acquisition than Harvard. “[The library] is one of the few things that makes Harvard what it is in a meaningful sense...
...We’ve played four teams in the top 10,” Caples said. “The plan is that this prepares us for the rest of the Ivy run...and trains us to play at a higher level...