by Kathleen Peddicord
Tuesday, October 11, 201
US News
Del Webb understood. When he conceived Sun City in Arizona, he realized that an important part of the appeal behind this retirement option would be the promise of community. Retiring to Sun City meant retiring among like-minded folks and never having to look too far to find company for dinner or someone to share a round of golf with you.
About 10,000 Baby Boomers will retire every day for the next 19 years. Nearly 12 percent of these (about 26 million would-be retirees) are considering retiring overseas.
If you're among that group, one thing to recognize is that there's no such thing as Sun City in most of the rest of the world. The formalized U.S. retirement communities that many of our parents opted for at this point in their lives don't exist in the countries that today offer the greatest retirement advantages and benefits.
That is not to say, however, that it's not possible to retire overseas among like-minded folks.
A friend who relocated his family from the United States to the south of France about the same time that we moved from the States to Ireland (some 13 years ago) once remarked, "You know, I think we're doing this the hard way. Here in France, we're scrambling to learn French so we can figure out what's going on, because we're always confused. We're trying to make friends and to find a place for ourselves in a French country community where families have known each other for generations. We don't understand French cultural nuances yet, so we're committing one faux pas after another. And we don't have any other Americans around to commiserate with, no one to show us the ropes. We've really jumped into the deep end of this living overseas thing.
"And you have, too, in Ireland. You aren't struggling with a new language [in fact, my husband and I would have argued that we were!], but you're on your own in a foreign community. You're living and working and sending your children to school among the Irish. You've plopped yourself down and are trying to fit in among the local community. Read more >>
Today's Business Tip
Next business tip >>
**********************
"It takes your enemy and your friend, working together, to hurt you to the heart: the one to slander you and the other to get the news to you". Mark Twain (1835-1910)
Please support our campaign
Next business tip >>
| LOAN CALCULATOR WITH PAYMENT SCHEDULE GENERATOR
More calculators
Compound Interest Calculator Percentage of Gain (or loss) Calculator Length Unit Converter Body Mass Index (BMI) Calculator |
USEFUL LINKS Business Articles - Business Dictionary - Economics Dictionary - Encyclopedia - Free Dictionaries - Health Corner: A to Z - Post a Free Ad - Classifieds - Mortgage & Loans Calculators - Country Currency Finder - Small Business Ideas - Business & Finance Tips - Business Links - Events Calendar - Post an Event - New York State Quiz - G8 Countries/World Maps The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created in 1913 with the enactment of the Federal Reserve Act, and was largely a response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression were major factors leading to changes in the system.[5] Its duties today, according to official Federal Reserve documentation, are to conduct the nation's monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions. The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors (or Federal Reserve Board), the Federal Open Market Committee (FOMC), twelve regional Federal Reserve Banks located in major cities throughout the nation, numerous other private U.S. member banks and various advisory councils. This division of responsibilities of the central bank falls into several separate and independent parts, some private and some public. The result is a structure that is considered unique among central banks. It is also unusual in that an entity (the U.S. Department of the Treasury) outside of the central bank creates the currency used. According to the board of governors of the Federal Reserve, "It is not 'owned' by anyone and is 'not a private, profit-making institution'. Instead, it is an independent entity within the government, having both public purposes and private aspects." The U.S. Government does not own shares in the Federal Reserve System or any of its component banks, but the Government does receive all of the system's annual profits after a statutory dividend of 6% on member banks' capital investment is paid and an account surplus is maintained. The government also exercises some control over the Federal Reserve by appointing and setting the salaries of the system's highest-level employees. The Federal Reserve transferred a record amount of $45 billion to the U.S. Treasury in 2009. Purpose The primary motivation for creating the Federal Reserve System was to address banking panics. Other purposes are stated in the Federal Reserve Act, such as "to furnish an elastic currency, to afford means of rediscounting commercial Read more... |
Loading...
Loading...
