Marketplace

Wonder what they'll use to toast

Here's a retirement party we wish we were invited to: The master distiller for Jack Daniel's is about to step down. Jimmy Bedford is the whiskey's sixth master distiller since the brand was registered in 1866. Bedford will retire at the end of March after 40 years with the company. The 68-year-old started working at the distillery as part of the construction crew during his high school and college days. When Bedford first started with Jack Daniels, sales totaled less than 800-thousand cases. Last year, sales neared 9.5 million cases.

02/27/08 04:49 AM PT Posted on February 27, 2008 4:49 AM PT

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The cost of a 'healthy' retirement

A lot of people may want to reconsider their retirement plans. A study by Fidelity Investments finds that a 65-year-old couple will need about $85,000 to cover insurance costs for long term-care after they retire. That's how much they'll need to cover annual premiums throughout their retirement. The Boston-based financial services firm says the research points out the need for people to be financially prepared for their golden years.

06/26/08 07:11 AM PT Posted by Melissa Kaplan on June 26, 2008 7:11 AM PT

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