The world is waiting for the next act from the 80-year-old fellow who held the second-most-powerful job in Washington for nearly two decades -- the maestro, Alan Greenspan. He's reportedly negotiating for office space on D.C.'s Connecticut Avenue, within spitting distance of K Street and its web of lobbyists. Ethics rules preclude Greenspan from representing anyone before the Federal Reserve Board, but he could write books and schedule appearances. And nothing stops him from selling high-priced research. Or he could advise a mutual fund or hedge fund. (The Exuberant fund?)
Once away from the Fed, Greenspan will be able to invest his own funds without restriction (he should diversify a portfolio that's been concentrated in Treasury debt). On his 2005 disclosure form, Greenspan lists assets between $4 million and $8 million. He qualifies for social security (call it compensation for chairing the 1983 Commission for Social Security Reform) and a government pension.
Retirement will leave Greenspan and wife Andrea Mitchell, 59, chief foreign-affairs correspondent for NBC News, more time for the social circuit and for another passion: tennis. A Juilliard-trained tenor sax and clarinet player, he might even form a jazz ensemble. That way, we could still call him maestro.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
-- Melynda Wilcox and Elizabeth Kountze
-
Does My Car Insurance Cover Rental Cars?Is it safe to decline the extra coverage car rental companies offer you when booking? Here's what you need to know.
-
Outsmarting the AI Job Algorithm: Why Older Women Need a StrategyWhen you're job hunting, AI may undermine your best efforts. Here's how older women can throw a wrench in the algorithm.
-
What Does Medicare Not Cover? Eight Things You Should KnowMedicare Part A and Part B leave gaps in your healthcare coverage. But Medicare Advantage has problems, too.
-
15 Reasons You'll Regret an RV in RetirementMaking Your Money Last Here's why you might regret an RV in retirement. RV-savvy retirees talk about the downsides of spending retirement in a motorhome, travel trailer, fifth wheel, or other recreational vehicle.
-
457 Plan Contribution Limits for 2025Retirement plans There are higher 457 plan contribution limits for state and local government workers in 2025. That's good news for state and local government employees.
-
Estate Planning Checklist: 13 Smart Movesretirement Follow this estate planning checklist for you (and your heirs) to hold on to more of your hard-earned money.
-
Medicare Basics: 12 Things You Need to KnowMedicare There's Medicare Part A, Part B, Part D, Medigap plans, Medicare Advantage plans and so on. We sort out the confusion about signing up for Medicare — and much more.
-
The Seven Worst Assets to Leave Your Kids or Grandkidsinheritance Leaving these assets to your loved ones may be more trouble than it’s worth. Here's how to avoid adding to their grief after you're gone.
-
SEP IRA Contribution Limits for 2025SEP IRA A good option for small business owners, SEP IRAs allow individual annual contributions of as much as $70,000 in 2025, up from $69,000 in 2024.
-
Roth IRA Contribution Limits for 2025Roth IRAs Roth IRAs allow you to fund your retirement with after-tax dollars while you're working, and then withdraw those contributions and earnings tax-free when you retire. Here's a look at 2025 limits and income-based phaseouts.
