- advertisement -
 

Celebrities on retirement


Celebrity roundup
 Celebrities:
Charles Barkley
Sandra Bernhard
Barbara Eden
Mike Greenberg
Jim Harrison
Carl St. Clair
John Stossel
Who: Jim Harrison
Notable:
Author ("Legends of the Fall")
Fame & Fortune Q&A:
Bankrate: Did you at some point emerge from the fog and knuckle down to some financial planning?
Jim Harrison: Yeah, I had to when I was in my 50s because I didn't have any retirement. So then I got pretty smart. It was just this gradual feeling as I got older that I wanted to make sure that my wife and two daughters had some sort of benefits from the fruits of my labor. I got an adviser and entered one of these plans, which is a bitch where you have to save so much every year. Sort of like an inflated IRA. I had to meet this mark for six years. It was ghastly, but I did it.
Bankrate: Will you ever retire?
Jim Harrison: No. Writers don't retire. I don't have to do the obnoxious work that I used to. I just write what I enjoy now. It's a better life.
Lesson learned: 
If you wait to start saving, you'll need to save much more money.
Read the entire interview with Jim Harrison.
 << Previous | Next >> 
Bankrate.com's corrections policy
-- Posted: Oct. 1, 2007
 
 
Create a news alert for "retirement"
 
 RESOURCES
How much will I need to retire?
Prioritize retirement savings
Power of compounding
 TOP RETIREMENT STORIES
IRA penalty has multiple exceptions
Best times to shop for bargains
Remarriage saps Social Security benefit
 



Compare Rates
NATIONAL OVERNIGHT AVERAGES
IRA MMA 0.43%
1 yr IRA CD 0.71%
5 yr IRA CD 1.81%
- advertisement -
- advertisement -
- advertisement -