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Retired state employees who return to government work are costing Utah hundreds of millions of dollars in benefits at a time the state retirement system is facing a $6.5 billion shortfall, a legislative audit released Wednesday said.
New Hampshire communities are facing rate increases ranging from 11 to 31 percent for their share of public employees' retirement in fiscal 2012 and 2013.
Ed Darling, a veteran editor and publisher at newspapers in Mississippi, Alabama and Oklahoma, has announced his retirement as publisher of the Mississippi Business Journal.
Boston Globe Publisher P. Steven Ainsley has announced he will retire at the end of the year.
Workers in more than half of U.S. households will likely be unable to retire at 65 at the same lifestyle they enjoy today, a new study says.
Sea The Stars was retired Tuesday after becoming the first horse to complete a sweep of three top European races in the same season.
Richard H. Freund had it all planned out: He’d work until he was 70 and his wife, a psychotherapist, turned 62.
An attempt by former Washington Mutual Inc. employees to recoup their retirement account losses from JPMorgan Chase & Co., part of a complex tangle of litigation stemming from WaMu's collapse last year, has been dismissed.
When you hear that retirement isn't what it used to be, a first thought might be of active seniors traveling the globe instead of sitting in rocking chairs. But for plenty of Americans, especially those with little education, "retirement" involves continuing to work — and that will likely be even more common in coming years, a new study finds.
When you reach 70 1/2 and you have IRAs or certain other tax-deferred retirement accounts, the IRS requires you to take out some of the money to begin paying the taxes. Failure to make a mandated withdrawal, called a required minimum distribution, or RMD carries a tax penalty of 50 percent on the amount to be taken out. Because many accounts were hit hard by the drop in the stock market over the past year, the government approved a one-year waiver of the withdrawal requirement. Here are four questions about required minimum distributions and the IRS answers:
Hundreds of thousands of retirees have more money in their accounts thanks to a one-time waiver of a government required withdrawal that kicks in after age 70.
Planning for retirement has never been as complicated — or as important — as it is now.
A recent survey of retirement account investors at colleges and universities shows even professors and researchers sought out investment advice as the stock market downturn began draining retirement accounts.
Former World and Olympic champion Stacy Dragila has ended her 14-year pole vaulting career with a second-place finish at the DecaNation track and field meet.
Tedy Bruschi retired Monday after a 13-year NFL career in which he won three Super Bowl titles with the New England Patriots and made a gallant return from a stroke.
Tedy Bruschi is retiring after a 13-year career marked by an inspiring return to the New England Patriots as a starting linebacker eight months after a stroke.
A federal judge gave the final approval for a $75 million settlement on behalf of employees who had Merrill Lynch stock as a retirement investment.
The news that Social Security benefits will likely be frozen next year dismays many older Americans, who fear that rising expenses for necessities would drive them into retirement poverty.&
San Jose Sharks forward Jeremy Roenick is expected to announce his retirement Thursday, ending the provocative hockey star's 20-year career.
The first time Thom Guthrie retired, after a long career as a teacher and school administrator, he was 60. The California man had undergone major heart surgery and thought he was ready to relax.
Anne Staats was 75 when she took a year off work to care for her ailing husband.
At an age when many people start envisioning retirement, John Hanna was thinking about how he could keep on working.
When Kathy Corrigan, 64, was let go last September from her job with a trade association, she already had begun to think about retiring after a 25-year career as a meeting planner.
Willie McGinest will consider playing another NFL season if he receives an interesting offer, and he would prefer to get it from the New England Patriots.
Money.CNNNews & advice on retirement planning, college saving, taxes, mortgages, autos, real estate, investing and more from CNNMoney.com.
I could not believe it, could it be true I though, do they still do that at that age. Seriously, I did not think that part of the body even worked at that age, they looked to be about 75-80 years old.
Worker shortfall threatens pension ageAUSTRALIA faces a potential skills shortfall equivalent to 1.4 million workers by 2025 unless the workforce participation rate increases, according to new research that recommends raising the retirement age and boosting skilled migration.
The case against retirementThe Age of Retirement was one of America's most successful social reforms ever. But that era is over. A new vision of old age is emerging from the trauma of the credit crunch and the Great Recession: Forget retirement. Keep working.
Deficit doubles for government pension insurerThe government insurer of bankrupt companies' pension funds says its deficit this year nearly doubled to $22 billion.
Texas is the new retirement mecca -- latimes.comReporting from Galveston, Texas - After trying out Pasadena, Atlanta and Miami, Lilian Junco decided this was the place to retire.
Jackson Hole News&Guide | Dennis retires from retail businessFly fishing legend, Jack Dennis, pulls the plug on his 4-decades old retail fly shop career, citing stress as the main reason. "Retail just isn't as much fun as it used to be." Really, Jack? Seems a whole lot of folks these days agree with you!
Obama seeks $250 payments for seniorsPresident Barack Obama is calling on Congress to approve $250 payments to more than 50 million seniors to make up for no increase in Social Security next year.
Pensions agency reports deficit of $18.1 billionThe federal agency that insures private pension plans for millions of Americans logged a deficit of $18.1 billion this year, a big improvement from last year as a new law helped to put the agency on better financial footing.
Out of work, out of options, into retirementNew research suggests some older who lose their jobs in this recession may have little choice but to be pushed out of the work force earlier than they would like.
Instead of Retiring, Carly Simon Is Suing Her Label She had signed with Hear Music, the Starbucks label that had made a hit of Paul McCartney's "Memory Almost Full." But five days before her album's release, Starbucks scaled back its involvement in the music business and, Ms.
More people are tapping their 401(k) for cashTrent Charlton knew the risks when he borrowed $10,000 from his 401(k) and cut his retirement savings in half.
I might just be a moron, because I seriously do not understand what people do day in day out.
Social Security: It's Better if You WaitBoomer alert! If you're thinking about taking your Social Security benefits at age 62, think twice—or even three times. At least check out the advantages of waiting until age 66, or even age 70.
Boomers seen driving $10 trillion wealth management shiftBOSTON (Reuters) - U.S. financial advisors are due for upheaval as baby boomers, controlling $10 trillion in assets, reach retirement age and shift their investment priorities, said a senior executive at asset manager BlackRock Inc.
Partisan Economics in ActionFor now, there is little reason to think the Republicans are on the verge of a Clinton-like reform. But it is hard to see how they can ultimately stick to their current platform. At some point, the government will have to figure out how to pay for the baby boomers' retirement.
Social Security strained by early retirements Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that's happened since the 1980s.
Workers thriving at 70, 80, and even 100 Many who might be considered beyond retirement age continue to work. They do so for enjoyment, a perceived need, or both.
More Americans over age 50 are smoking marijuana than ever before. Are my parents among them? - By Daniel Engber - Slate MagazineWhatever the cause, empty-nesters seem to be enjoying marijuana now more than ever.
Let me start by saying, that I love my husband very much.....But I would also love it if he just leaved me alone. He has a job that allows him to telecommute once or twice a week. This seemed like a great deal to me when he first got it.
Should Social Security be reformed to include personal retirement accounts?"To be sure, Social Security has served its purpose and needs to be folded up and stored away in the barn. It is no longer relevant to the majority of youngsters who are entering the labor force these days.
2010 is an election year for 1/3 of the senate and all of the house of representatives. It would be nice if congress got the message -- the voting taxpayers are in charge now. LET US SHOW OUR LEADERS IN WASHINGTON "PEOPLE POWER" AND THE POWER OF THE INTERNET.
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