Word: nest
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Could you outlive your money? Millions of American workers who are heading for the exit door of their careers may face that risk as companies phase out their costly check-a-month pension plans and the stock market continues to put serious cracks in people's 401(k) nest eggs...
Rebecca Unguez isn't feeling nostalgic: her nest will be full for years to come. Along with the twins, she and her husband Gustavo have two boys, ages eight and two. While their shared bedroom is due for a makeover, the girls are enjoying the new order down the hall. "Let's be honest," says Rebecca. "Gabriela and Nicole are 5 1/2. They're not going to have a perfect room. But now that they know where everything goes, they put most of it away by themselves." And that's about as good as it gets...
...This puts the kibosh on our new PC game: Super Jean-Yves EUROPEAN VERMIN New study says that an Ebola-like virus, not rats, caused the Black Plague. Rats, it turns out, were actually responsible for the Renaissance Losers WILT CHAMBERLAIN Late basketball star's $4.3 million "luxury love nest," including water-bed floor, still unsold. Come on, over 20,000 women can't be wrong PENTHOUSE READERS 94-year-old Dercy Goncalves will pose nude in the magazine's Brazilian edition. Editors say she's so hot that she can pass for 93, easy JOHN REESE Student pilot crashes...
...Indeed, the cure is more hotly debated than what ails the system. Bush and his top aides argue that allowing Americans to put a part of their Social Security nest egg into personal retirement accounts makes good sense for the retirees and the system as a whole. The return on Social Security is pitifully low, they complain, an argument appealing to younger voters who are just starting to pay into the system. They have more experience than their elders in playing the stock market where there can be higher returns. "It's wrong to mislead people with promises of 'trust...
...This may not be a great time to be touting the virtues of the stock market. Employees who depend on 401K's for much of their retirement have seen that nest eggs dramatically shrink this year because of the current bear market. Privatization critics also dispute the conventional wisdom that Social Security provides a low rate of return. It's not just a retirement program, they contend, but an insurance and disability program as well, and when you factor in all those potential long-term benefits, Social Security is a package few Wall Street houses could match...