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Greenspan: Fix retirement plans

Greenspan: Fix Social Security, Medicare Fed chief says growth of benefit programs, if not addressed, could make budget problems worse. March 2, 2005: 11:46 AM EST WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan told Congress Wednesday that the economy is growing at a reasonably good pace, but that... : Greenspan: Fix retirement plans

Exxon Mobil CEO takes home $38 mln

NEW YORK (Reuters) - Exxon Mobil Corp. (XOM.N: Quote , Profile , Research ) Chief Executive Lee Raymond's compensation package jumped to more than $38 million last year, when soaring energy prices helped the No. 1 public oil company report one of the largest profits in U.S. corporate history. Raymond's salary rose slightly to $3.6 million while his bonus rose to $3.9 million. He also received restricted stock awards worth more than $28 million, up from $17.9 million a year earlier. Th... : Exxon Mobil CEO takes home $38 mln

Suddenly single

Suddenly single When her husband died suddenly at 58, JoAnn Russe found she knew little about her family's finances. February 18, 2005: 4:23 PM EST By Gay Jervey, MONEY Magazine NEW YORK (MONEY Magazine) - In 1978, JoAnn Russe was a 21-year-old secretary and part-time waitress who dreamed of having a career as a child-development specialist and one day raising kids of her own. Her parents had split up when JoAnn was six. After that, she'd had no relationship with her father and her life... : Suddenly single

The basics of life insurance

A large number of us purchase life insurance for the simple reason that we want our loved ones to be financially secure after we die, and we don’t want our deaths to be the cause of financial insecurity - whether because of the funeral costs themselves, or the lack of whatever income we provide. When it comes to estate planning, cash accumulation, wealth transfer, and estate tax liquidity, life insurance should be considered a life saver - so to speak - for achieving these goals, and hel... : The basics of life insurance

reverse mortgage

A reverse mortgage is a loan against the equity in the home that provides tax-free cash advances, but requires no payments during the term of the loan. Since there are no monthly payments during the life of the loan, the balance grows larger and the equity gets smaller.The loan is not due and payable until the borrower no longer occupies the home as a principal residence, e.g. the last surviving borrower sells, m... : reverse mortgage
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