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Bernanke's investments still are largely plain vanilla with the focus on safety, such as annuities and U.S. Treasury securities. His largest holdings continued to be two annuities managed by TIAA-CREF, each with an estimated value of between $500,000 and $1 million. Bernanke earned a total of between $30,000 and $100,000 last year from the two annuities, which were part of a retirement plan he set up while teaching at Princeton University. One is a fixed annuity plan, the other a variable annuity. An annuity provides an investor with a series of regular payments. With a fixed annuity, the payments don't vary. With a variable annuity, payments can fluctuate depending on the performance of the underlying investment. Bernanke earned a $199,700 salary as Fed chairman last year, the same as a Cabinet secretary; Yellen earned $179,700 as a Fed governor. Summers was Treasury chief in the Clinton administration and more recently was a top economic policy adviser to Obama. He has been the president of Harvard University and also has worked on Wall Street, and his personal fortune could be expected to eclipse Yellen's.
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