Archive for July 14th, 2008

Delta College administrators struggle to stretch bond money across - Record
STOCKTON — San Joaquin Delta College administrators today suggested that college trustees pump $27.5 million in bond money into about a dozen planned projects, ensuring their completion but leaving significantly less money for others. If the board

Partner of Washington man pleads guilty in ID theft case - Oregonian
The Associated Press Jocelyn Kirsch and Edward Anderton were accused of stealing the identities of more than 16 people and using the money to live expensively and travel the world. PHILADELPHIA — A woman who had worked with a Washington say man in

Anne Darwin convinced kids their dad had died on canoe trip - Times On the web
The wife of John Darwin, the canoeist who faked his own death to secure £250,000 in insurance and pension payouts, “sobbed uncontrollably” as she lied to her children that their dad had died at sea, a court was told yesterday. Anne Darwin, 56

Bad week ahead for banks - CNN Money
NEW YORK (CNNMoney.com) — If this weekend’s news about Fannie Mae and Freddie Mac and Friday’s IndyMac failure weren’t scary enough, now Wall Street will have to contend with what is prone to be dismal quarterly results from many top financial

Anxious IndyMac customers line up to get their money - Los Angeles Times
Nervous customers of IndyMac Bank this day lined up at branches in Pasadena and elsewhere, anxious to withdraw their money from the failed institution that was seized by federal regulators late last week. With some arriving as early as 4 a.m., fueled by

US STOCKS-Wall Street falls on bank jitters - Forbes
Updates to early afternoon) * Merrill and Citi cut GSEs share price targets * Regional banks slip after feds’ takeover of IndyMac * Yahoo (nasdaq: YHOO - news - people ) shares fall after rejecting Microsoft (nasdaq: MSFT - news

Police Suspect Three Armed Robberies Related - The Ledger
WINTER HAVEN | Three armed robberies including an armed automobile theft occurred in Winter Haven and Auburndale this morning and police think the incidents might be related. The first incident occurred at 2:11 a.m. at Sixth Street and Avenue K Southeast in

Hewlett attorney admits bilking clients - Newsday
A disbarred attorney who stole more than $400,000 from his clients — including money one woman intended to use for her daughter’s heart surgery — has pleaded guilty to his crimes, the Nassau district attorney’s office stated yesterday. Joseph Levine

Money Funds Stick With Fannie, Freddie Debt on Treasury Rescue - Bloomberg
July 14 (Bloomberg) — Vanguard Group, Federated Investors Inc. and The Reserve, investment firms that manage more than $520 billion in money-market funds, stated they will continue to purchase Fannie Mae and Freddie Mac debt because the U.S. Treasury’s

Chicago Tribune editor, LA Times publisher resign - Houston Chronicle
NEW YORK — Chicago Tribune editor Ann Marie Lipinski and Los Angeles Times publisher David Hiller resigned Monday as parent company Tribune Co. cuts staff and shrinks its papers nationwide to save money. Tribune Co. is slicing costs to offset

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Back in Might word came out from various sources that socialite Cornelia Guest had put her family’s estate in Old Westbury, New York on the market. The listing was available then but now we’ve got some interior photos of the 11 bedroom home. The two-story brick colonial manor home built in 1924 has 28 rooms in total and the grounds are home to a pool, tennis courts, barn, formal gardens, and a greenhouse.

But let’s talk about the interior. Namely, the animal prints. I haven’t seen quite so many animal prints used in one home since we checked out Suzanne Somers’s place in Palm Springs. The interior of this home is an eclectic mix of vintage antique furnishings and art combined with newer pieces from around the world. Tying it together is a whole zoo of animal prints used in the upholstery and rugs. Templeton is listed at $20 million.

For more prime properties and lush locations, see Luxury Homes and Mansions.

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Over the weekend, I heard someone refer to people who are 60 as “elderly.”  I was extremely offended.  After all, “60 is the new 40.”  So how can 60 be elderly?!

Certainly Baby Boomers in their late 40s, early 50s can be considered “middle aged.”  But what about those of us who are nearing/over 60?  How about “late middle aged”?

Look at these two pics, both of which were labeled as “elderly” by picapp.  Is this woman “elderly”?

Female senior
Image details: Female senior served by picapp.com

 

 

How about this man?

Elderly businessman phoning
Image details: Elderly businessman phoning served by picapp.com

What do you think?

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One last question in my interview with Bill Losey for National Retirement Planning Month:

Q: We talked about baby boomers being their own financial planners. What if I decided I needed a retirement plann. What would I’ve to pay? What kinds of people typically use a financial advisor?

A: Baby boomers who are between 50 and 62, most of whom are nearing 60, and who have portfolios between $500,000 and $2.5 million can benefit from a financial advisor. The typical financial advisor charges a retainer based on the value of the portfolio. If you are getting estimates from planners, be sure to ask for fees both on a percentage and a DOLLAR basis. As the portfolio grows, the amount you pay increases. The fee structure depends on the credentials of the person and the part of the country you’re in. If you work with a broker or representative at a major national firm, it’s not uncommon for fees to be from 1.5% to 3%. And you should be getting really personalized service for that. When clients call me, I answer the phone personally. If you’re paying upwards of 3% and you’re not getting good service, change advisors.

Another reminder:  Go to the National Retirement Planning Month website to get your free copy of Bill Losey’s book and find out what else he has in store for this month.

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Do Not Wait for Insurance Settlement; SBA Urges Return of … - Earthtimes (press release)

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