Data & Research October 29, 2010

Retirees Say No to Mandatory Retirement Age

Eighty-five percent of retirees recently polled said there should be no mandatory retirement age.
Reported by

A news release from Extend Health, a Medicare exchange Web site, said that among the respondents in its poll of 431 retirees 65 years old or older who backed a mandatory retirement age, 42% say it should be 65; 31% say it should be 70; 21% say it should be 67; and the remaining 6% say it should be 72.

Seventeen percent of respondents report that despite having retired from a major U.S. corporation, they still earn income by working in a paying job or in their own business. Of those who still work, 62% report they do it to stay active and engaged; 24% say they work to make extra money; and 15% say they work to make ends meet.

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Despite the difficult economy, given their own personal financial situations, just 21% say they “retired too early” and 89% said their financial situation is good or fair.  

The survey was fielded October 20-27, 2010.

Deals & People October 29, 2010

Northwest Asset Management Makes Executive Appointments

Investment industry veteran Art Nunes and his Dynamic Investing Group have joined Northwest Asset Management.
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A news release said Nunes will be the firm’s chief investment officer and for the Dynamic Investing Group, its director/portfolio manager.  Rita Fernandez Aguilar has been named senior partner; and Nu Wang has been named technical research analyst.

Prior to joining Northwest Asset Management, Nunes was a principal and portfolio manager of Oregon based IMS Capital Management, where he was the firm’s technical market strategist and managed the strategic allocation strategy for high net worth clients. Before that, he was a portfolio manager with RBC Dain Rauscher and Salomon Smith Barney.

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He earned a Bachelor of Science degree from Ohio State University.

Northwest Asset Management LLC is an independent registered investment adviser that provides a suite of wealth management solutions.

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