Word: money
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...these accounts amount to much? Munnell found a number of reasons. Some people don't contribute as much as they should - essentially ignoring free money from company matches and tax relief. And, as the original engineers of the 401(k) suspected, the less you earn, the less you are likely or able to contribute. For most employees, the maximum contribution to a 401(k) is $16,000 annually. She found that just 5% of people earning $80,000 to $100,000 maxed out, compared with 30% of those making $100,000 or more...
...make matters worse. Even if you withdraw a mere 4% a year from your 401(k) and have an ultraconservative portfolio of 80% bonds and 20% stocks, you still have a chance of outliving your retirement account. Swap the bonds for stocks, and the chance of outliving your money actually rises. In reality, most of us don't have nearly enough in our 401(k) to live off just 4%. At a 6% withdrawal rate, hypothetical retirees in more than a third of the Monte Carlo simulations crapped...
...employees would pay for it much as they currently fund their own 401(k)s. But the policy would be portable. Contribute for 30 years and you would be guaranteed income in retirement, no matter how many employers you worked for. Combine your retirement-insurance check with the money you get from Social Security, which can equal as much as 50% of final pay, and presto: you have something approaching retirement security. (See the best business deals...
...group is able to sequence the genome of the patients, researchers said they will be able to better identify the specific mutations that cause autism. The grant, issued by the National Institute of Mental Health as part of billions in federal stimulus money, gives the group 18 months to conduct the funded research...
...admirable surrender to the will of the Almighty. But we do not elect leaders to be monks. We want them to do things. The world leader who actually is a monk, the Dalai Lama, never stops doing things for his Tibetan people and for others; he donated the money that went with his own Peace Prize to Mother Teresa, hunger relief in Africa and a university dedicated to peace in Costa Rica...