Working at Charles Schwab & Co. has been a financial and romantic boon for two mutual fund executives planning early retirement.

William Klipp, 43, president and chief operating officer of the San Francisco brokerage's $87 billion mutual fund family, said he plans to retire by yearend. Linda Coffey, Mr. Klipp's fiancee, will retire at the end of next month. Both want to take a break, spend some time with their children, and travel, Mr. Klipp said.

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