Monday, December 19, 2005

 

Boomers Faced With Defining Retirement For Themselves

Catherine Stamper entered a towering building that housed the Chicago Burlington and Quincy offices in downtown St. Louis for an unpleasant meeting one September day in 1927. Yet it was an appointment that would insure her having consistent financial support for the remainder of her life.

The 53-year-old widow had lost her husband one month earlier to a cerebral hemorrhage and found herself beneficiary of some new program her husband, a railroad detective, had been part of through his employer. It was called a pension and was intended to insure him and his wife a steady income even after he stopped working or to offer help to his dependants upon his death.

Boomers Faced With Defining Retirement For Themselves
Source: Insurance News Net

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