| Brown Bridges Businesses In ING Restructuring
ING's Valerie Brown must be feeling pretty good these days. After more than three years as president of ING Advisior's Network, she's been promoted to executive vice president of annuity and wealth management. The news comes on the heels of ING's development of a new wealth management arm led by CEO, Kathleen Murphy. In this newly created role, Brown will be Murphy's right-hand woman in charge of developing strategies to grow and develop the new business. Brown will bridge the gap between the company's wealth management arm and the annuity business led by ING Annuities president, Harry Stout. As if her plate wasn't already full, Brown will also develop new retirement income products for the industry giant. It's a big job, but Brown finds the challenge exciting. "INGs wealth management strategy is all about creating road maps that connect defined contribution retirement plans with retail retirement plans," she said, adding that "the time has come for INGs wealth management approach to the marketplace.
Burns: Where to go after you max out pretax funds
Q: I am a 49-year-old engineer working at a large consulting firm. Our company has a high percentage of highly compensated employees and has limited pretax contributions to 9 percent of gross income. In my case, this is $4,000 short of the allowable annual pretax limit of $15,500. They include Roth contributions in this limit, so my tax-friendly options through my employer are maxed out. Do I have other options to reach my pretax limit? B.R., by e-mail A: Sorry, you don't have other options for pretax saving. But the result may not be as bad as you think. One thing you can do is to concentrate extra savings dollars on debt reduction. Another is to build a cash fund to handle future credit purchases. Still another thing you can do is to build your taxable investment account with tax-efficient investments.
Group wants probe of pension payouts
The Kalamazoo County Taxpayers Association has called for a state investigation of recent problems with the Kalamazoo County employee-pension system. The taxpayers group on Monday sent letters to Michigan Attorney General Mike Cox and Auditor General Thomas McTavish asking for an independent investigation to ``determine what happened, when it happened and who was responsible,'' according to a press release from the Kalamazoo County Taxpayers Association. County officials in March said that because of a problem with a formula used to determine lump-sum payments to retirees, the county had overpaid $6 million in benefits. Since then, 59 more county employees have retired to take advantage of the formula, resulting in an additional $4 million in benefits being paid.
Timberland Investments Net High Returns
There are not many investments that have the high, long term growth that can compare to the purchase of timberland. Not only will the value of the land increase overtime, there are many opportunities to let the timberland earn money while the trees are growing both in value and size. Investor's portfolios should be diversified and not completely held with in an IRA. Planning for retirement by investing monies outside of an IRA has immediate benefits that can lead to greater wealth to be enjoyed now. Aurora, IL (PRWEB) April 17, 2007 -- Sum Total Management, Inc. has a unique program that helps investors use their IRA or 401k monies to invest in real estate. Investing in real estate can be very profitable. There are large gains to be realized when selling an investment property.
Gilchrist still fishing for runs
While many of his team mates have retired or are in the process of calling it quits, Adam Gilchrist has no plans to announce his retirement.
Gilchrist and fellow opener Matthew Hayden went deep sea fishing on Wednesday in an attempt to take their minds off Friday's Super Eight clash with arch rivals New Zealand.
"Both teams know that there may be a chance we'll face each other again at some stage in this competition, you know maybe the final even. So you don't want to give another team too much of a leg up by way of confidence and momentum and belief and I think that's certainly something that New Zealand gained out of that Chappell-Hadlee trophy, regardless of who was there, they played very very well and they gained a lot of belief," said Gilchrist.
Gilchrist said he did think about retirement, but his moment had not come as yet.
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