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This is no time to duck the stock market; you would miss the inevitable recovery. Rebalance your portfolio to create your desired mix of stocks, bonds and cash (60%-30%-10% is reasonably conservative). Lean more heavily toward stocks if you're under age 55. Don't pile into a traditional IRA, because these accounts require withdrawals starting at age 70 1/2. "That defeats the purpose of working longer to keep your capital invested and could throw you into a higher tax bracket," says Ed Slott, author of The Retirement Savings Timebomb and How to Defuse It. Instead, favor...

Author: /time Magazine | Title: Money: Enjoy The Climb | 4/28/2003 | See Source »

When I ran out of money, I went back to boxing. But nobody cared. The TV stations gave me exactly 10 seconds. So I used what I had learned: "Yes, I'm 40!" I yelled. "I used to be heavyweight champion of the world. If I miss you with my left, if I miss you with my right, I'll belly-bump you, boom!" People called the networks and asked to see more of me. Soon Madison Avenue was calling me. I hesitated, but finally I decided it would be O.K. if I sold only things I believed...

Author: /time Magazine | Title: Turning Point: Boxed Out | 4/28/2003 | See Source »

...last week, Judge Michel Desplan had some questions. If this $2 million was for Savimbi, how come Verwaerde had allegedly used about $300,000 of it to build a villa for himself on Ibiza? And why did his wife have power of attorney over the account? Verwaerde didn't miss a beat. He claimed that Savimbi himself had said he could dip into the money. As for his wife, "she was usually the one who picked up the telephone when it rang, so she spoke to Savimbi several times when he called my home," he replied. Revelations such as these...

Author: /time Magazine | Title: Gushing Greenbacks | 4/27/2003 | See Source »

...confusion couldn’t mask the glaring reality, and that is this: Hendricks, the junior who is only about as important as oxygen to the Harvard baseball team, will undergo surgery at Massachusetts General Hospital and miss six weeks. Hendricks will have a bone chip removed from his knee, and should be healthy for summer ball in Brewster of the Cape Cod League, set to start a week after NCAA Regionals would occur in early June...

Author: By Martin S. Bell, CRIMSON STAFF WRITER | Title: Saved by the Bell: Baseball Must Look for Little Things | 4/25/2003 | See Source »

...pretend for a moment that the military should have done more to protect Iraqi artifacts, the furor over the looting is quite disturbing in itself. Let’s be honest here. The outrage over lost artwork is based on the wicked premise that future generations will miss these artifacts much more than they’ll miss the thousands of people who died—or could have died—in this war. After all, there is only one Harp of Ur, but ordinary Iraqis and Americans are replaceable...

Author: By Jonathan P. Abel, | Title: Philistine Forces | 4/24/2003 | See Source »

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