All three formulas weigh current income much more heavily than accumulated assets.
Over the years Simmons has accumulated assets engaged in businesses ranging from titanium dioxide pigment production to waste management to precision ball bearings manufacturing.
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Virtually every other obituary and news story from left, right, and center has been unanimous in agreement that Berezovsky was financially ruined, basically bankrupt, and, humiliatingly, reduced to selling off his accumulated assets and artwork.
On the other hand, my clients are the victims of it, having already accumulated their assets.
No matter how you slice it, one thing is clear: the vast majority of Americans working for private employers have not accumulated sufficient assets in their 401ks to fund the retirement income goals they established decades ago.
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Frank Keating, president of the American Council of Life Insurers, said the favorable tax treatment of assets accumulated within insurance policies is justified even if the affluent are big beneficiaries, because "it is good public policy" to encourage wealth accumulation that helps feed capital formation and job creation.
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Even though investment as a proportion of GDP is high, China's accumulated investment in fixed assets is still low.
That's great for many Americans who feel like they can live comfortably in retirement on their other nest egg assets, not to mention the accumulated value of any real estate they've collected over the years.
Deripaska subsequently had to offload assets to help manage billions in debt he had accumulated.
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Vikram Pandit , Citigroup's (nyse: C - news - people ) new chief executive, is calling these "non-core" or "legacy" assets, and it's easy to conclude that he means all of the junk accumulated over the last few years of aggressive expansion into leveraged lending and structured finance at the direction of his predecessor, Charles Prince .
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