Independently wealthy now means 3.1 million dollars
The article argues that 3.1 million in financial assets marks the entry level for being independently upper middle class in 2009. It explains methodology using IRS data for income percentiles and a 50/50 stocks and five-year Treasuries portfolio to estimate needed wealth, noting this level buys comfort but not extreme wealth.
MENTIONED IN THIS ARTICLE
Riley
Architectural Digest
New Yorker
Vogue
Internal Revenue Service
America
Recession slows nurse exodus but shortage looms ahead
In California the recession delays retirements of nurses like Susan Frye, but experts warn a wave of retirements remains likely. The aging workforce and slow hiring threaten ongoing shortages as demand for health care grows with potential health reform and more insured patients. RNs in Sacramento area start about 30 dollars an hour, with experienced nurses earning over 90 thousand annually.
MENTIONED IN THIS ARTICLE
Bobby Caina
Calvan
Sacramento Bee
Sacramento
Calif
Susan Frye
High Seas
Frye
Sutter Memorial Hospital
California
California Institute For Nursing and Health Care
Sutter Health
Sacramento Sierra Region
Anette Smith- Dohring
Ann Stoltz
California State University
Sandra Kirschenmann
Los Rios Community College
Hog industry battles slump as H1N1 dents exports
Iowa hog producer Chuck Wirtz proposes a self funded retirement and reduction plan to stabilize markets. Experts warn small operators face exit as exports fall at least 12 percent in 2009 while feed costs spike and losses mount for mid size farmers.
MENTIONED IN THIS ARTICLE
U.S. Department of Agriculture
USDA
U.S
Shane Ellis
Iowa State University
Ames
Ellis
Dave Warner
National Pork Producers Council
Larry Pope
Smithfield Foods
Warner
Financial stress test guidance for emergency savings and debt
Experts outline a personal stress test using emergency savings to cover months of expenses and debt to income ratios. They advise three to six months of expenses as a guideline and stress the value of cash cushions over uncertain credit lines. A low score on the test signals weaker resilience but not doom, with emphasis on building financial strength.
MENTIONED IN THIS ARTICLE
Mark
Gerri Detweiler
Credit.com
Bank of
Also Mentioned on This Page
Scott Burns Universal Press Syndicate
University of Iowa
Iowa
EMBA
Tippie School of Management
Cedar Rapids Country Club
27Th Street
DR. SE
Wes
University OF
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Nema Toy
Bera
PR Mle
N. Joseph Young, Emba
SU CS Ue
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