February 27, 2002 |
Americans are approaching retirement with a combination of inadequate savings and unrealistic expectations about their standard of living after they quit working, according to a new survey. Although fewer Americans are saving and planning for retirement in 2002 than in the past, 70% said they were very or somewhat confident that they would have enough savings to live comfortably, according to the annual Retirement Confidence Survey by the Employee Benefit Research Institute.
June 27, 2000 |
Nina Cross Brazelton still thinks of herself as a "poor, struggling" retired schoolteacher--even though she is a millionaire. This misperception costs Brazelton in terms of both time and money. Despite a net worth of $1.5 million and annual income that exceeds $80,000, the 74-year-old Santa Ana resident is so worried about running out of cash that she returned to work to save more.
September 24, 1996 |
Conejo Valley Adult School is offering a four-part workshop on financial strategies for successful retirement. The workshop, to be held at the Waverly Adult Education Center in Thousand Oaks, will include such topics as how to generate a steady income, protect your assets from erosion, minimize taxes and provide a secure retirement for yourself and your spouse. The workshop is designed for retired individuals and couples, or those planning to retire in the next five to 10 years.
July 20, 1994 |
Carl E. Reichardt, one of the banking industry's most colorful figures, announced unexpectedly Tuesday that he is retiring early as chairman and chief executive of Wells Fargo & Co., a financial institution he has headed for 11 years through good times and bad. Reichardt, who just turned 63, will be succeeded at year's end by 52-year-old Paul Hazen, president of San Francisco-based Wells Fargo and its primary unit, Wells Fargo Bank.
March 31, 1994 |
"Every time I go on vacation and sit under a palm tree, I think, 'Wouldn't it be great to do this forever?' " said Lee Rosenberg, co-founder of ARS Financial Services in Valley Stream, N.Y. "Then I get depressed because in a week, I'm back in the rat race." Sound familiar? Unfortunately, if you're not setting aside enough money now, you may never be able to afford to retire to a tropical island.
CALIFORNIA | LOCAL
March 11, 1994 |
Dan Waters thought retirement would put an end to the controversies that encircled him as general manager of the city Department of Water and Power. He was wrong. Even as he skis, travels and relaxes at home, Waters and the DWP are coming under fire for employing a method that allows him to cash in on 1,044 hours in compensatory time he accrued during his tenure at the city-owned utility. That translates to about $75,000.