Word: pension
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Here is the real tragedy: Hillary doesn't realize that finally she is rich, with her $8 million book advance and married to a man with massive earning potential. Just in salary and pension, the Clintons bring in about $300,000. So why did they debase themselves for gifts as if they were struggling newlyweds starting out? Some on the givers' list told NBC they weren't "wanting to give her special farewell presents," as a Clinton spokesman had claimed. They said they had been contacted by political supporter Rita Pynoos, who is married to a California developer, to send...
...flinching at the recent losses in your brokerage and 401(k) accounts, imagine how the managers of America's huge pension funds feel. The top 100 U.S. pension funds boasted a gargantuan $3.5 trillion in combined assets last September. Now, despite having fortified their reserves with huge stock-market gains in recent years, public and private pension funds are facing steep declines. Northrop Grumman, a giant in the aerospace and defense industry, called attention to this little-known fact in December. It warned that a drop in income from its pension investments could knock $50 million in pre-tax dollars...
...even, really, to sweep out the foyer at the Air & Space Museum. All of which we applied for. And neither of us expects that this letter will change anyone's mind in the new administration, or give us a better chance at that great government pension in the sky. We just want to set the record straight, and to perhaps warn other soft-hearted folks who, foundering in the tempest-toss'd seas of contemporary employment, have set their compass needles square on the sweet, sheltering shores that are the Washington job market...
...PENSION BREAK Why is the IRS simplifying the Byzantine rules that govern how much money retirees need to take from their pension fund each year? To be nice. And to ensure that they pay taxes on money from an IRA, 401(k) or other plan. Retirees must now calculate and report to the IRS a yearly minimum. But the new rules should also lower the withdrawal, and hence the tax paid...
...garden rents for about $600 a month and could be built for less than $200,000. A couple can live very nicely on $1,500 to $2,000 a month once housing is paid. Some, says Mary Alice, "live on Social Security--others on Social Security plus a small pension--and they live quite well." Many families, including the Sargents, hire a maid or gardener for about $1.60 an hour. The Sargents pay as they go for inexpensive medical care (although they could buy Mexican insurance for an annual $390 a couple) and owe no taxes in Mexico...