| Insurance Industry Needs To Re-Invent Retirement Planning Products ...
Even as traditional plans and other retirement entitlements begin disappearing, 48% of all non-retired adult Americans continue to look forward to retiring with a pension according to a recent American Institute of Certified Public Accountants (AICPA) survey. Meanwhile, the 2007 Annual Retirement Confidence Survey (RCS) revealed that while only 41% of workers or their spouses have employer-provided retirement benefits, 62% say they expect to receive income from such a retirement plan. According to another survey, the 2007 American Retirement Study, 42% of baby boomers (between 45 and 64) will not have the financial resources to maintain the lifestyle they want in retirement. Almost 31% of them say they will have to cut back on their lifestyle spending when they retire. The survey implies American workers realize the retirement system is undergoing a major transformation.
Tax on Big Oil fuels problems on many levels
After all, barrels of cash seemingly flow from the wallets of motorists into the pockets of the five major petroleum refiners-ExxonMobil, BP, Shell, ConocoPhillips and Chevron. Last year, ExxonMobil reported $40 billion in profit-the most ever by a company in any year. Prices at gas pumps seemingly go up and down arbitrarily, regardless of oil prices. So it seems fair to tap into that cash to prop up our state's transportation fund.
However, such sentiment is wrong. Doyle's tax would have many unintended consequences.
Dan Gunderson, a lobbyist for the big petroleum companies, met Tuesday with the Gazette Editorial Board and confirmed many of our suspicions and concerns.
Wisconsin would be the first state to make it illegal for oil companies to pass on to consumers this tax on gross receipts.
TA District Police Commander David Tzur announces retirement
Tel Aviv District Police Commander David Tzur on Thursday announced his retirement from the police.
The decision was expected after Tzur was not selected to run for the position of police commissioner.
Tzur made the announcement to police officers under his command while making a toast during an Independence Day ceremony held at district headquarters.
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Newmont backs watchdog move
In what is believed to be a first for a U.S. mining company, Denver-based Newmont Mining is supporting a shareholder proposal asking the firm to report on its social and environmental issues. The resolution, brought by 11 institutional shareholders, will be voted on at Newmont's annual meeting Tuesday in Wilmington, Del. "This is a bold step by Newmont," said Julie Tanner, a spokeswoman for New York- based Christian Bros. Investment Services Inc., one of the Newmont shareholders. "This is a real breakthrough in that this is the first time that a mining company has agreed to urge shareholders to support a social resolution," Tanner said. "With the release of a substantive and thorough report, it will indicate that the company takes the issue seriously." Newmont, the world's second-largest gold miner, has faced community opposition at several of its mining sites in the U.S., Peru, Indonesia and Ghana.
Phillip Wasserman Announces California Life Insurance, Annuity and ...
SARASOTA, Fla.--(BUSINESS WIRE)--April 8, 2007--Phillip Wasserman, recognized as a top authority on life insurance and annuities, has announced a special training session for insurance agents, financial planners, register investment advisors and other professionals to be held in Las Angeles, California on May 4, 5 and 6th 2007 at the Las Angeles airport Marriott hotel. Over 110 professionals have already signed up for this intense training to focus on the use of life insurance and annuities in aiding retirement income planning. A special focus will be on the recent surge in popularity of life settlements, and discussions on mortgages and reverse mortgages in aiding clients will be held. Phillip Wasserman is head of Phillip Roy Financial Services, a nationwide retirement income planning firm with over 500 affiliated representatives.
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