| Study: Too few Americans save enough for retirement
Many Americans are deluding themselves about how much they need to save for retirement and how much assistance they will receive from Social Security and the traditional pension plans that fewer employers are offering. That's according to The Employee Benefit Research Institute. The Washington, D.C. research organization's 17th annual Retirement Confidence survey, released this week, indicates that while 70 percent are either very or somewhat confident about their financial security in retirement, nearly half - 49 percent - have saved less than $25,000. Nearly a quarter of those who are very confident aren't currently saving for retirement, and 37 percent haven't calculated how much they'll need. "I think to a very large extent they're deluding themselves," said Jack VanDerhei, a Temple University professor and co-author of the report.
Haven't filed your taxes yet? You have millions of friends
As of late last week, you and the rest of the almost 4.8 million procrastinators in Florida had not sent in a return. We can guess how you are spending the weekend.
Then on Tuesday, you will dash to the post office or press the send button on your computer to send an electronic return.
Altogether, about 8.5 million returns are expected from Florida taxpayers, out of the nationwide total of 136 million, the IRS says. Tax season is actually going a little better than last year, both in filing and in refunds.
So far, 8.1 percent more returns than last year have been filed from Florida, electronic filing is up and refund checks are bigger.
The average refund this year is running at $2,366, up $76 from last year. And seven out of 10 returns already sent in nationwide were filed electronically.
Massey makes retirement official; After 35 years, long county ...
PRINCESS ANNE - The long rumored announcement that long-time County Administrator Charles E. Massey would retire June 1 was made official Tuesday last week. After 35 years with the county, Mr. Massey said in a printed statement "It has been a wonderful experience to have been a part of the development of Somerset County since 1972." He added, "I especially appreciate the opportunity to have served the citizens of my native county, the present Board of County Commissioners and all past Boards of County Commissioners during my 35 years of employment with Somerset County." Mr. Massey was hired April 1, 1972, by the county's Planning and Zoning office where he served as director for three years and nine months. On Jan. 13, 1976, the commissioners asked him "to assume the duties of the County Administrator," and it became permanent that June.
BCE Shares Climb After Reports Pension Fund May Seek Buyout
April 10 (Bloomberg) -- Shares of BCE Inc. surged as much as 6.5 percent after the New York Times and Globe and Mail reported the Canadian telephone company's largest shareholder is in talks with other investors to make a buyout offer. The Ontario Teachers' Pension Plan approached Caisse de Dépôt et Placement du Québec and the Canada Pension Plan Investment Board to make a $45 billion bid, the Times said, citing unidentified people briefed on the talks. The Globe said Teachers enlisted U.S. buyout firm Providence Equity Partners Inc. to explore a takeover. A deal would place one of Canada's oldest publicly traded companies and the country's most widely held stock in private hands. BCE's share gains have trailed those of rivals since Chief Executive Officer Michael Sabia took over, and he has since cut 9,000 jobs and sold units in a bid to woo back investors.
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