That's Not HotPosted December 27, 2007, 12:38 pm
Credit Growing Bolder
For some people, retirement is a time to do all the things they couldn't do when they were working. The money that's been socked away in 401(k)s and other savings accounts comes in handy for travel, new hobbies, second homes and much more. For others, it's a time for indulgence. Expensive dinners, theater, fancy cars and jewelry are some of the things people report buying with their retirement money.
Even those who don't want to blow their hard-earning savings on big expenses may feel less inclined to hand it down to children and grandchildren, having funded their educations and early adulthoods.
Even hotel heiress and celebutante Paris Hilton recently got rocked by her grandfather's decision to donate 97 percent of his fortune to charity. At 80 years old, Barron Hilton is worth $2.3 billion, and his children and grandchildren have enjoyed much of that money, up until now. But when he dies, the money will be placed in a trust and used to help with projects that include proving clean water in
A recent study by the Federal Reserve Bank of
Nearly 80 million Americans born between 1946 and 1964 could retire in the coming years. So be on the lookout as they cash it in and live it up.
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Clothes off Diana's Back Saving Lives: Just before her death, Princess Diana cleaned out of her closets to raise money for charity. Today, these gorgeous gowns are still saving lives.
Matt Damon's Uncle is the Real Celebrity: Nobody likes a good swim better than George Brunstad. But not many decide to set a world record for their 70th birthday. See what he says about smashings stereotypes, and his relationship with one of the world's most Beautiful People.
Coach John Wooden: In a wide-ranging interview, the legendary UCLA coach recently talked to the Growing Bolder Radio Show about everything from exploding NBA salaries to Paris Hilton to his Pyramid of Success.
Ardell Lien: Two years after receiving a heart and kidney transplant, a 70-year-old man sets out to sail around the world to highlight the importance of organ donation. Hear his story.
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