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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...
...year. And each gallon of fuel costs many more times the cost of fuel at your local gas station, given the cost of transporting [it]. It may end up costing $100 or more per gallon. When you think about the fact that every day in Iraq something like 1.5 million gallons of fuel are delivered by truck convoy to U.S. forces, it's a staggering investment of human and financial resources. (See TIME's special report on the environment...
...which recently celebrated its 100th anniversary, holds over 26 million volumes and is the third largest national library in the world, Cline noted...
...office has been the subject of thousands of lawsuits while he's been sheriff, leading to a reported $43 million in lawsuit settlements and expenses...