Word: pension
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...ways by which a wage or salary earner can hope to become rich-at least on paper. As a result, the number of Americans who own shares has risen to 24 million. An estimated 76 million others own stock indirectly through their holdings in pension funds and the like. Now that the market has become the prime source of a second income for many Americans, they are increasingly asking a puzzling question: What makes the market go up-and down...
Although it has no plans to sell fund shares, Prudential, the nation's biggest life-insurance company, is considering making available variable annuities, which are presently sold only through group-pension plans, to individuals as well. Unlike the ordinary annuity, an in vestment that pays off in regular fixed payments after a certain age, the return on a variable annuity is affected by fluctuations in the market value of the securities on which it is based. For the inflation-wary investor, such annuities thus figure to hold many of the same attractions as mutual funds...
Ware is a fast left wing whose back checking gives the line defensive viability. Macadamia is a sophomore strickhandler, from Belong Hill on the order of pension Kent Parrot...
...such as small businessmen and farmers, can go on working as long as they want. Far different is the situation of countless men at all levels in business and industry. On an arbitrary date, the executive who yesterday was worth $200,000 a year is worth nothing but his pension. The blue-collar worker may begin to draw social security, but it is not enough to live on; if he works part time and earns from $1,500 to $2,700 a year, he is docked 500 of social security for every dollar he earns. Above...
...Royal Little, retired founder of Textron, Inc., counsels Colvin's students on the pitfalls of getting together. These include such dangers as whether the mergee's inventory is all he says it is and questions such as: How do you handle your own employee reaction if his pension plan is better than yours? Answer: Increase yours if the acquisition costs justify it. David Judelson, president of merger-minded Gulf & Western Corp., discusses financial techniques. Raytheon Chairman Charles Adams explains the most promising methods of making the first overture. Best way: try a direct telephone call to the proposed...