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...profits, why doesn't Woods take it a step further and request a payoff from the television stations that broadcast the matches? And how about a cut from the electric companies that supply the power to TV viewers who watch the most boring sport on the planet? TERRENA SHEA Westbrook, Conn...

Author: /time Magazine | Title: Letters: Dec. 25, 2000 | 12/25/2000 | See Source »

...GIANTS giving up only 2 1/2 points to the Redskins? It's too easy. Big Blue's defense is too much for Brad Johnson, who's finding that the only Chris Carter that Michael Westbrook resembles is the guy who created "The X-Files...

Author: /time Magazine | Title: NFL: On Top of the Covers | 9/17/1999 | See Source »

...investments, you should plan to be able to live off 4% of your assets, says Ray Russolillo, director of personal financial services with PricewaterhouseCoopers in New York. About a year before you retire, you may want to switch some of your portfolio to more conservative investments, says Paul Westbrook, a Ridgewood, N.J., financial planner. Total up your annual personal expenses--such as rent or mortgage, utilities, food, health insurance, clothes, car, entertainment--and plan to have liquid assets--such as Treasury bills and money-market mutual funds--available to cover three years' worth of those demands, Chasnoff recommends...

Author: /time Magazine | Title: Careers: Careers After Retirement | 11/2/1998 | See Source »

...salary for every year of service (e.g., if you worked for a company for 20 years, your pension would be 20% of your annual salary), although government and union jobs tend to have much loftier pensions. "But remember that you will earn less pension with an early retirement," Westbrook points out. Plans can pay as much as 35% less if you retire at 50 or 55, vs. 65, Westbrook says. Again, this can vary according to the job you are leaving...

Author: /time Magazine | Title: Careers: Careers After Retirement | 11/2/1998 | See Source »

...course, you also need to analyze your product or service to make sure there is a viable market for it, Thayer adds. Put together a business plan for your new venture about two years before you expect to retire, Westbrook says. And examine the tax ramifications, lack of stable income and costs involved in running your own show...

Author: /time Magazine | Title: Careers: Careers After Retirement | 11/2/1998 | See Source »

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