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...happy retirement is the means to enjoy it. Roger de Haan ended up with more than enough money to bankroll his golden years when he decided to retire and sell Saga Group, his family's business, in late 2004. The British travel, media and financial-services company that targets older consumers attracted several major bidders, with London private-equity firm Charterhouse ultimately paying $2.4 billion. Not bad for what De Haan's father started 53 years earlier as a modest operator of guest hotels and tours in the English seaside resort of Folkestone...

Author: /time Magazine | Title: The Golden Years Rule | 2/15/2007 | See Source »

...pretax earnings in its last fiscal year were up 20% to about $259 million on revenues of $1.3 billion. Last autumn, Saga refinanced nearly $2 billion of debt at better terms, and ahead of schedule, allowing it to save $59 million a year in interest payments. Moreover, Saga's travel service recently added a third cruise ship to its fleet, and Saga Magazine now has more than 600,000 subscribers, making it the 10th most widely circulated U.K. title...

Author: /time Magazine | Title: The Golden Years Rule | 2/15/2007 | See Source »

...Though Saga remains best known for its travel services and magazine, four-fifths of its revenues now come from financial services, particularly insurance. In the early 1980s, it realized it could offer older consumers cheaper rates for home insurance. Back then, home insurance in Britain was sold on a one-price-fits-all basis. Saga correctly reckoned that older homeowners were less risky to insure, so their premiums could be lower. Saga applied the same formula to sell low-cost auto insurance and then broadened to offer a full range of insurance products. Of course, other insurers...

Author: /time Magazine | Title: The Golden Years Rule | 2/15/2007 | See Source »

Beholding the ancient incan ruins of machu Picchu as they rise from the Peruvian jungle is a joy that deserves to be on everyone's travel wish list. But did you know that there's more than one way to arrive at this World Heritage Site? How you approach Machu Picchu is going to affect your experience of it, so consider the options carefully before you embark on this once-in-a-lifetime experience. We've found an easy way, a hard way and something in between that combines adventure and comfort in sublime proportions...

Author: /time Magazine | Title: The Road Less Traveled | 2/15/2007 | See Source »

Share references Keats’ “On first looking into Chapman’s Homer,” which depicts the experience of looking into a book Keats was unable to afford, a book he had to travel to a friend’s house to read...

Author: By Akash Goel, CRIMSON STAFF WRITER | Title: Scholars Examine Harvard’s Rich Poetic Tradition | 2/15/2007 | See Source »

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