Word: iras
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Mutual fund companies and brokerage houses, for example, are trying to wrest IRA dollars away from banks and S and Ls by offering investments in stocks, bonds, money-market securities and even oil ventures. Insurance companies are touting so-called fixed-annuity plans that guarantee predetermined annual payouts during retirement. Many investment firms are encouraging corporations to set up programs that allow employees to invest in IRAs through payroll deductions. The Dreyfus Corp. of New York City, for example, already manages employee IRAs for more than 50 companies, including Warner Communications, RCA Corp. and Esmark...
...rules may also be slowing down the start of IRAs. Investors can open an account any time before April 15, 1983, and still get all the tax benefits for this year. Moneymen believe some savers are putting off opening an IRA until later...
Many people, of course, cannot think of putting money into an IRA simply because they are already having problems making their paychecks stretch to meet monthly bills. Young families have not been investing heavily in IRAs. Wachovia Bank & Trust Co. in Winston-Salem, N.C., reports that 70% of its customers for new IRA accounts are more than 45 years old. Says Terry Gray, 33, a father of two who works as a security guard in Jackson, Miss.: "Inflation really keeps us from saving. We're not making enough to save...
Middle-aged and middle-income breadwinners are also being forced to postpone retirement saving. Barry Murphy, 49, is a Boston stockbroker who sells IRA plans, but he cannot afford to start one for himself because he has one child in college and three in private schools. Says he: "Annual jumps in tuition prevent anyone in my age bracket and socioeconomic group from saving. My friends are in the same financial bind." So far, such family budget considerations are proving to be more important in decisions on whether to save than all the tax breaks Congress dreamed...
...Caine) can still stage one. In his own living room. For real. With his wife's inheritance at stake. His plot has wit and intricacy going for it-so much so that it cannot be described, lest the fun be spoiled for those who have not yet seen Ira Levin's original Broadway hit. Director Sidney Lumet has, perhaps, permitted the volume to be turned up too high, with the result that Caine and the other principals, Christopher Reeve and Dyan Cannon, sometimes seem screechy when they reach for the high notes. But one can still appreciate...