Word: pensionable
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Another willing older worker is Frank Dillon, 65, of Concord, Calif. After 37 years as a marketing executive at PG&E, Dillon enjoys a generous pension benefit and has personal assets of more than $1 million. He spent his first golden year exactly as he had envisioned--reading, playing some golf and, one by one, knocking off several odd jobs and improvements such as building a deck at his home. But then something he had not envisioned intruded on years of planning: he got bored. So he took a part-time job supervising tee times at a nearby golf club...
...million, or 16% of adults. The harsh reality is that most Europeans need to keep investing. The slowing economy has done nothing to help governments put their retirement systems in order, while tumbling markets have made private companies that much more anxious to get out of the pension business themselves. Staying in the market isn't likely to be much fun for a while, but sticking to these three fundamental principles should make the ups and downs easier: You're right. stocks are risky So why do so many Americans own stock? Experience has taught them that equities have almost...
...This pattern of loss effects the security of our pension system,” Reich said. “This effects not only jobs but also nest eggs...
...detailed how the state’s public pension fund has been harmed by investments in companies recently accused of wrongdoing, saying that Massachusetts lost $24 million on deflated Enron stock, and $25.1 from WorldCom bonds...
...TIME: A lot of key positions in state banks, pension funds and securities firms are occupied by people from Palembang, your hometown. Are you creating a Palembang Mafia? Taufik: Many have had positions since the time of Gus Dur. It's just a coincidence but, yes, our sense of brotherhood is very strong. Bush is like that too with people from Texas, right? Do people call it the Texas Mafia...