Word: sunamerica
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Lander and the institute faculty will develop its research priorities, but will ultimately report to an executive committee consisting of Summers, MIT President Charles M. Vest and Eli Broad, who is currently chair of financial services giant AIG SunAmerica...
...Broad donation is not an endowment: it is earmarked to directly fund research over the next decade. It is also unusual in that Eli Broad—chair of financial service giant AIG SunAmerica and a noted philanthropist who helped fund the Gehry-designed Walt Disney Concert Hall in downtown Los Angeles—has no prior connection to MIT or Harvard...
...every retiree living well, there is another living in financial dread, according to a recent study for SunAmerica by retirement author Ken Dychtwald. He concludes that as boomers retire, the group living in dread is likely to expand. The study focuses on today's retirees, who at 65 have a life expectancy of 18 more years and climbing and who can expect to spend much of that time in good health...
...boomers generally look forward to retirement but see it as a time to become active in ways they could not be when they were building careers and rearing families. For some that means finding new work, not out of need but for fulfillment--teaching, consulting, writing. In the SunAmerica study, 95% of employed people ages 55 to 64 said they expected to keep working, even if they don't have...
...SunAmerica study reveals some surprising attitudes that have profound implications for policy and investing. Most retirees say they feel 17 years younger than their age, and 3 out of 4 say they want to keep learning new skills or academic subjects. Most older adults "demand to stay in the workplace, travel, have sex and otherwise stay in the game," says Dychtwald...