Word: plan
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Dates: during 1990-1999
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...economy and low inflation. But if you haven't done so already, get started now. Whether you're in the peak earning years of your 50s or well into retirement and trying to make your money last, it helps to understand that the old rules of saving and planning for retirement have been thrown out the window by America's happy boom in longevity. It's still true, as New York City-based financial planner Jonathan Satovsky says, that you should "save like mad as early as possible." But that's where the similarities end between your retirement plan...
Before you pull up stakes, ask yourself how much money you might need to live year to year. Experts say it's somewhere between 60% and 80% of your annual income before retirement. Even if you plan to retire with lower fixed costs in a state with little or no taxes, "don't go much lower," Satovsky warns. "If your cost of living drops, you may decide you want to spend more money on new, more expensive habits, like travel...
With the Republican plan dead, Democrats and a small band of Republicans traded drafts and phone calls, trying to come up with a knuckle-rapping censure plan that would satisfy those in both parties who do not want Clinton's acquittal to be seen as vindication. To pick up more Republican votes, Democrat Dianne Feinstein of California huddled at her desk on the Senate floor with Republican Robert Bennett of Utah during the brief trial recesses, carefully increasing the measure's wallop...
...exception is Clinton's surprise proposal to rescue Social Security, which everyone around him believes he is determined to see through to a signing ceremony. The President's plan is both bolder and more detailed than anyone expected, even at the expense of alarming some of his liberal allies with a plan for partial privatization. But it is also designed to trap Republicans on the losing side of the political debate over how to spend the budget surplus. Clinton has framed the debate as a choice between saving Social Security and Medicare and cutting taxes for the rich...
...will spend more time highlighting what he has already done than he will trying much that is new. His willingness to use some of the surplus to pay down the debt speaks to a kind of long-term focus that is the luxury of a lame-duck President. The plan for the next two years seems to be, Trumpet the past; give Gore the future...