Word: pensiones
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...This has been a surprise. When Okada became party president less than three months ago, the DPJ was in turmoil. Its two most senior members, Naoto Kan and Ichiro Ozawa, had succumbed to a far-reaching pension scandal that forced them to resign their leadership posts. With only weeks to go before the election, the nation's largest opposition party seemed rudderless and lacking a message. Political pundits predicted a thumping defeat at the hands of Prime Minister Junichiro Koizumi's near-hegemonic Liberal Demo-cratic Party (LDP), which has had a nearly uninterrupted hold on power for almost...
...have anything against paying taxes. Like all Germans, the 49-year-old Bonn medical technician has long enjoyed a generous cradle-to-grave welfare system, including a free education and good health care, clean streets, cheap public transport and the reassuring knowledge that she'll get a guaranteed pension when she retires...
...been greater, particularly from a financial standpoint. Although, Belu says, each gets only a monthly allowance of up to $160 (the Romanian average net salary is $175), wins in major competitions carry cash awards in the tens of thousands of dollars. International medal winners are also guaranteed a lifetime pension equaling almost four times the average Romanian salary. The money, in fact, is so good that it sometimes acts as a disincentive, Belu says. After Romania won the world title in 2001, four of the six gymnasts in his lineup quit, having made enough money to retire from his grueling...
GETTING STARTED. You can use money in a traditional IRA, Roth IRA or simplified employee pension plan (SEP-IRA) to buy land, condos, commercial real estate or residential properties. But you can't serve as the custodian of your IRA. IRA Resource Associates www.iraresource.com in Camas, Wash., can help you find a trustee or custodian who is knowledgeable about real estate investing...
Died. Alberta Martin, 97, the last living widow of a Confederate soldier; in Enterprise, Ala. In 1927 she married William Jasper Martin, then 81, a widower with a $50 monthly pension and a hot temper. After he died in 1931, she married his grandson...