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Through our ongoing efforts to stay informed about the market for income we often come across useful information that we thought would be of interest to our shareholders and visitors to our web site. You can learn more about investing for income or retirement planning from many of sources listed below.
We plan to regularly update this section of the web site with new information and articles of interest so you may want to add this section to your list of "Favorites."
We also feature a link to e-mail useful information to a friend.
If you're looking for a one-stop site that can provide up-to-date information and news on the world's 191 nations, this is the site for you.
This site offers more thatn 25,000 discounts covering major industries such as hotel chains, airlines, auto services, retail outlets, Web sites, movie theaters, restaurants and ski areas, to mention just a few.
Here is an interesting bit of trivia from the Feb/Mar 2001 issue of "Context" magazine. The headline read, " This Isn't Your Youngster's Internet." It commented that "the perception is the internet users are young and tech-savvy. The reality is: The average Internet user in the U.S. is 41 years old, has 2.8 children and earns $65,000 a year. What's more, according to the Gartner Group Research firm, the Internet is used equally by men and woment, despite the Web's reputation as a bastion of male geeks."
According to a recent article in "Ticker" magazine for the financial services industry, social security rules dictate that when one spouse dies, the surviving spouse collects only the larger benefit. So if two spouses each receive benefits, the death of one would cut that benefit by 33% to 50%. "People really need to understand what happens when a spouse dies, and most people don't when it comes to social security," says Laurel Beedon, a senior policy advisor for the Washington, D.C.-based AARP. Beedon adds that women are in a more precarious situation than men, not only because they tend to ourlive their husbands, but because today's older women have spent limited time in the work force, and thus have accumulated little wealth of their own.
According to the editors of the "Kiplinger Newsletter," the social security wage base will rise to about $84,900 in 2002, 89,100 for 03, $93,300 for '04, $97,200 for '05 and $101,400 for '06.
Here is some interesting information about how many of those age 65+ are still working and why they are working. We thought you might enjoy this data.
| Reason to Work: | |
| Had free time | 73% |
| Not ready to retire | 58% |
| To keep active | 89% |
| Maintain professional contacts | 56% |
| Maintain social contacts | 68% |
| Health insurance | 10% |
| Desire additional income | 63% |
| Need additional income | 41% |
| Source: Cornell Retirement and Well-Being Study, 1994-1999 | |
To help you keep track with the latest trends and information on Social
Security we have added this Social Security Watch Section. We will update
the information as we uncover news and data that impacts the health of
social security.
General Investment Education Organizations
Real Estate Industry Information
Other Securities Information
General Interest
Social Security Information
Percentage of workers aged 65+ who got a new job (employed for 12 months or less), increased by 6 percentage points over the past 11 years.
1987
1998
Total - 16+
28.8%
27.8%
Total - 55+
10.5%
12.5%
55-64
10.6%
11.6%
65+
10.0%
16.1%
Source: Bureau of Labor Statistics, Employee Tenure in 1998; Job Tenure, January 1987
Percent of Baby Boomers who:
Plan to work at least part-time during their retirement years
80%
Are very, or fairly, optimistic about their retirement years
69%
Have given a lot, or some, thought to their retirement years
72%
Expect to move to a new geographic area when retired
21%
Expect they will have to scale back on lifestyle when retired
35%
Expect to devote more time in retirement to community service and volunteer activities
49%
Do not want to depend on children during retirement
70%
Think you should be able to depend on family financially for retirement
9%
Think they can count on self-directed sources of income such as IRAs and 401(k)s
68%
Think they can count on Social Security for retirement income
48%
Believe their generation will live longer than their parents' generation
67%
Believe their generation will be healthier than their parents' generation
56%
Source: AARP study, Baby Boomers Envision Their Retirement, February 1999,
American Demographics, Sept 2000
According to a recent article in "Barron's" these are the top ten investment websites:
Top Ten Investment sites:
MoneyCentral
www.moneycentral.com
4 Star Best Overall
Quicken.com
www.quicken.com
4 Star Great Content
AOL Finance Channel
N/A
4 Star Better Usability
Yahoo! Finance quote.
quote.yahoo.com
4 Star Friendlier Site
CBS Marketwatch
cbs.marketwatch.com
3 1/2 Star Fast-breaking News
Morningstar.com
www.morningstar.com
3 1/2 Star Best Home for Fund
TheStreet.com
www.thestreet.com
3 1/2 Star Thoughtful/Insightful
CNNfn
www.cnnfn.com
3 Star Like the Cable Network
Silicon Investor
www.siliconinvestor.com
3 Star Talk,talk,talk/Research Tool
The Motley Fool
www.motleyfool.com
3 Star Fun Fundamentals
The following are three sites we discovered that offer advice on a wide range of financial topics.
A book that tells how values-inclusive investors can profit and forge social
change. Published by Bloomberg Press and available at www.amazon.com and
most bookstores for $23.95.
This book analyzes and compares various state 529 programs. Hurley also maintains a frequently updated web
page at www.savingforcollege.com. The book is published by BonaCom Publications and costs $22.95 at most
bookstores or you can link to: www.amazon.com to purchase.
Wasik puts together a 10-step plan for reinventing your retirement. Aimed at those who wish to retire early, the book begins with a focus on personal goals. It discusses spending plans and income streams; different retirement options; ways to make money lost and making the transition. It is available through www.henryholt.com or by calling 1-888-330-8477.
This book, published by August House is the true story of Trusty's journey from Homemaker to widow to businesswoman to
politician. It costs $21.95 at bookstores or through several Internet sites including
www.amazon.com and
www.Augusthouse.com.
This informative book on investing for dividends can be obtained by calling Dearborn Publishers at 1-800-252-0866 and placing a special order.
This helpful book presents an investment strategy using dividends. It can be ordered from Dearborn Publishers by calling 1-800-252-0866.
Advice on turning retirement savings into lasting income.
www.amazon.com
A helpful guide to managing finances after retirement.
www.amazon.com
Offers information on REITs and how they operate.
www.amazon.com
Offers retirement planning strategies
www.amazon.com
A basic financial planning book.
www.amazon.com
Recent Articles of Interest
You may obtain subscription information by visiting www.dickdavis.com
You may subscribe to the online version at: www.iqtrends.com or telephone 1-858-459-3818 to subscribe to the hard copy version.
You may access a copy of this report online at www.kiplinger.com/retreport or you may telephone 1-800-544-0155 to order a hard copy.
(Note: the Kiplinger web site also has a wide variety of useful investment information)
We thought the visitors to our site might find this end of the year wrap-up on mutual funds useful.
Here's another year-end summary story. Hope you enjoy.
Here is an interesting article we found in the last edition of "Business Week" magazine. It contains useful information
on helping your children understand about budgets and other financial matters.
Phone: 800-772-1213
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