Retirement Issues

Boomers will change retirement thinking

2005-12-26T08:05:00.000-08:00

SALT LAKE CITY – The new year marks the 60th birthday for the first of the baby boomers, heralding a dramatic transformation of the labor market. With more than a third of the workforce age 45 and older, many employers are bracing themselves to lose 25 percent to 45 percent of their workers in the next deca

Journal Gazette 12/26/2005 Boomers will change retirement thinking

The Grip Of Credit Card Debt

2005-12-03T08:20:00.000-08:00

(CBS) William Love is getting a masters in business administration, along with an advanced degree in debt.

Love's credit card debt is nearly $40,000, he tells CBS News correspondent Trish Regan. His minimum payments alone total $600 a month.

CBS News | The Grip Of Credit Card Debt | December 2, 2005�19:30:06

Greenspan Again Warns Baby Boomers of Retirement Threats

2005-12-03T08:17:00.000-08:00

Dec. 2, 2005 – Once again baby boomers are being warned that unless something is done about the soaring federal deficit their retirement years may fall far short of expectations

Greenspan Again Warns Baby Boomers of Retirement Threats

Confusing tax-advantaged retirement plans

2005-11-27T11:35:00.000-08:00

"UNCLE SAM has been generous to a fault in creating tax-advantaged retirement plans. He has foisted upon the public a mind-boggling array of options, at least a dozen, each with itsown set of rules as to contributions, structure and withdrawals.
...
Instead of helping people preserve money for a retirement nest-egg, this tidal wave of alphanumeric soup is choaking the nation, discouraging the public from participating.

Inside Bay Area - Home

Retirement saving no laughing matter

2005-11-19T13:16:00.000-08:00

"NEW YORK - Why is it so devilishly difficult to save for retirement? Humorist Ben Stein - who's an economist by training - thinks he has the answer"

Retirement saving no laughing matter

Chicago Tribune | Outlook bleak on saving for retirement

2005-11-13T14:10:00.000-08:00

"A survey by the Employee Benefits Research Institute said 52 percent of working adults have saved less than $25,000 for their golden years."

Chicago Tribune | Outlook bleak on saving for retirement

How Much Is Enough? - Yahoo! News

2005-11-05T06:55:00.000-08:00

A regular feature of The Motley Fool's Rule Your Retirement service is our success stories -- profiles of people who have become financially independent. One of the most remarkable stories is about Billy and Akaisha Kaderli, who, at age 38, left their fast-track lives, moved to Nevis, West Indies, in the Caribbean, and started traveling the world. Their story follows.

How Much Is Enough?

Early retirement won’t boost your lifespan

2005-10-22T15:54:00.000-07:00

"Contrary to a popular belief, people who take early retirement do not live any longer than those who retire later — and in fact they are likelier to die sooner, according to a statistical study published on Friday."

Daily Times - Site Edition

Boomers use early retirement as springboard to new careers

2005-10-11T15:59:00.000-07:00

"Americans' dreams of early retirement, interrupted by the 2000 stock market bust and the 2001 recession, live on. They have been revived in part by the economy's rebound, soaring home values and the ambitions of baby boomers - although often accompanied nowadays by the realization they'll still need additional income."

Boomers use early retirement as springboard to new careers

How much is enough?

2005-10-05T17:01:00.000-07:00

Business 2 Business

The net result for tomorrow's retirees will be "less help from government and less help from business," Isaacson said. "If we want a comfortable retirement, we will have to do it ourselves."

Survey shows more are planning to work past retirement

2005-08-21T14:07:00.000-07:00

"NEW YORK - Nearly 7 in 10 workers plan to stay on the job past retirement age - including a growing number who say the decision will be driven by financial need, a new survey finds.

The survey, released Wednesday, echoes others in recent years showing more Americans plan to work longer. But the nationwide poll, by the John J. Heldrich Center for Workforce Development at Rutgers University, taps into increasing concerns among many workers - particularly Baby Boomers - about the need to supplement their income once they leave their primary job."

Survey

No happy birthday for Social Security, which turns 70

2005-08-14T14:05:00.000-07:00

"WASHINGTON — Lawmakers and interest groups are gearing up for a fight this fall over Social Security, each side hoping to use the retirement and disability program's 70th birthday to build momentum."

No happy birthday for Social Security, which turns 70

Ready For Higher Credit Card Payments?

2005-08-07T08:25:00.000-07:00

"Get ready for higher credit card payments.

The federal government is urging banks to increase minimum payments on credit cards so people will be able to get out of debt sooner.

At Consumer Credit Counseling Service, employees are bracing for a flood of new clients looking for help with credit card debt."

Ready For Higher Credit Card Payments?

More companies make retirement saving automatic

2005-08-07T08:21:00.000-07:00

"In a broad effort to simplify retirement savings and get larger numbers of people to save for life after work, companies are increasingly making 401(k) choices for their employees."

More companies make retirement saving automatic

Three Rules of the Road to Retirement

2005-07-17T19:06:00.000-07:00

"Where are you on the road to a comfortable retirement? Are you nearing the exit sign to a retirement you've dreamed about, or is retirement still a long drive away?

Regardless of how far you still have to travel, there are three "rules of the road" that you must follow to reach your destination safely."

Click Here

Bradenton Herald | 07/16/2005 | Why won't Americans save for retirement?

2005-07-16T12:48:00.000-07:00

"Most Americans are pretty sure they'll do just fine in retirement. The latest Retirement Confidence Survey, released in April, found that 65 percent of workers are either very confident or somewhat confident they'll have enough money to live comfortably in their retirement years.

A lot of us are kidding ourselves"

Bradenton Herald | 07/16/2005 | Why won't Americans save for retirement?

Boomers at retirement facing tough choices

2005-07-03T17:40:00.000-07:00

"In July, the oldest of baby boomers will turn 59 1/2, that magical age when they can tap tax-deferred retirement accounts without penalty.
This means that after decades of accumulating assets -- let's hope -- boomers are nearing the time they'll retire and begin to spend down assets. The financial decisions at this juncture can be just as tough as when they were younger, but the consequences are far more serious."

Boomers at retirement facing tough choices

DeMint Plan Uses the Social Security Surplus for Retirement Instead of More Federal Spending

2005-06-25T15:53:00.000-07:00

"For 22 years, Congress has used surplus tax revenues going into Social Security to hide the real level of federal spending. Instead of saving this money to pay future benefits—as was intended—Congress used it to disguise the extent of annual budget deficits. Sen. Jim DeMint (R-SC) and Rep. Jim McCrery (R-LA) have created legislation that would save Social Security’s surplus and use it to improve Americans’ retirement security."

Retirement

RETIREMENT: Tips on long-term care insurance

2005-06-22T17:44:00.000-07:00

"If you are contemplating retirement within the next few years, you need to plan ahead, according to Gannett News Service. Here is another question you should ask. Should I buy long-term care insurance?"

RETIREMENT: Tips on long-term care insurance

Retirement fears spur Congress to consider blend of proposals

2005-06-19T14:44:00.000-07:00

"WASHINGTON — The American dream of a secure retirement appears in jeopardy, and lawmakers are scrambling to find answers lest they be sent into early retirement themselves."

Retirement fears

Kiplinger Personal Finance - Your guide to making money work.

2005-06-12T07:58:00.000-07:00

Click on Kiplinger to see three different suggested portfolios:

Short-term | When you need your money soon -- or now
Retirees in their mid to late sixties should consider replacing some or all of their bond funds with immediate fixed annuities that pay guaranteed monthly checks for the rest of the policyholder's life.

Medium-term | Nearing retirement or other goals
This portfolio is designed for people who are within five years of retirement

Long-term | Building wealth for retirement or college.
This portfolio is ideal for investors who have at least six years until retirement

Kiplinger

Leavenworth Times: News Index

2005-06-11T05:46:00.000-07:00

"To many, the post-retirement years evoke images of travel, relaxation and leisure time. Unfortunately, the reality is that many older adults experience depression and anxiety disorders. Misguided by the popular notion that depression is a normal part of aging, many do not seek the help they need."

Leavenworth Times: News Index

Chicago Tribune | Too many save too little to be retirement ready

2005-05-29T18:52:00.000-07:00

" Why aren't we putting more away, especially in retirement plans that save us money upfront on income taxes?"

Too many save too little to be retirement ready

Republicans broaden strategies for overhauling Social Security

2005-04-30T15:10:00.000-07:00

"Washington -- House Republican leaders vowed Friday to push through Congress an overhaul not just of Social Security but "retirement security," grabbing the baton President Bush handed them at his prime-time news conference and promising to run with it."

Republicans broaden strategies for overhauling Social Security

Retirement Guide

2005-04-27T18:30:00.000-07:00

"Think about your retirement savings. For many of us, that nest egg is our single largest asset -- and now that nest egg is under assault.

After three years of steep market losses, Americans are changing their assumptions about retirement. Portfolios have been decimated and 401(k) balances have shriveled"

Retirement