retirement

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Most Middle-Aged Americans Plan to Delay Retirement

It's a sharp increase from just a few years ago

(Newser) - The Wall Street Journal notes a telling statistic in a new study: Nearly two-thirds of Americans age 45 to 60 say they will have to delay retirement, a jump from 42% in only two years. The pessimism comes despite a rebounding stock market, rising home prices, and a general uptick...

Saxby Chambliss Won't Seek Re-election

Republican decides to avoid potential 2014 primary challenge

(Newser) - Saxby Chambliss will announce today that he doesn't intend to run for re-election when his Senate term ends in 2014, sources tell the Atlanta Journal-Constitution . Chambliss reportedly told his senior staff about the decision this morning. Chambliss was considered one of the Republicans most ripe for a primary challenge...

Here's the Best Country for Your Retirement

Ecuador tops list for 5th year running

(Newser) - If you're thinking of retiring abroad, InternationalLiving.com has the place for you: Ecuador. The site has ranked the country No. 1 for US and Canadian retirees for the fifth year in a row, Reuters reports. That's thanks to "a welcoming culture, the great weather, the affordability,...

Intel CEO to Step Down
 Intel CEO to Step Down 
Nov 19, 2012 9:39 AM CST

Intel CEO to Step Down

After 40 years with the company, Peter Otellini retires

(Newser) - Intel CEO Paul Otellini will retire in May, ending a nearly 40-year stint at the company, including what will be eight years in the top job, the chip maker announced today. "It's time to move on and transfer Intel's helm to a new generation," the 62-year-old...

Andy Roddick: I'm Quitting After US Open

US star announces on his 30th birthday

(Newser) - America's best male tennis player of the last decade is about to throw in the towel, reports USA Today . The US Open now under way will be Andy Roddick's last tournament. "For 13, 14 years, I was invested fully," he said today. But "I don'...

Peter O'Toole Retires From Acting

Has lost 'heart for it' at age 79

(Newser) - Just a few weeks shy of his 80th birthday, Peter O'Toole says he's done acting. "It's time for me to chuck in the sponge," he announced today. "To retire from stage and screen. The heart for it has gone out of me; it won'...

AIG Boss: Get Ready to Retire at 80

Robert Benmosche makes gloomy comment in response to EU debt crisis

(Newser) - Europe's debt crisis proves the need for governments around the globe to take big steps to get their economies back on track—and that may mean their citizens working for an extra decade ... or two. AIG's chief executive expects the retirement age to ultimately jump to "70,...

Retiring? Better Have $240K for Health Care

Fidelity releases annual estimate

(Newser) - Retiring this year? You and you significant other will need $240,000 for health care expenses, according to Fidelity Investments' latest annual projection. That's up 4% from last year's $230,000 estimate, which is a typical—and actually fairly modest—increase, BusinessWeek reports. Since 2002's $160,000...

6 Retirement Planning Myths

 6 Retirement Planning Myths 
Apr 7, 2012 1:00 PM CDT

6 Retirement Planning Myths

From debt to 401(k) plans, it's never too late to prepare

(Newser) - According to a new survey, only 14% of US workers are very confident they'll be able to retire comfortably—and more than 50% haven't even tried to calculate how much money they'll need. Workers are increasingly planning to keep working past the retirement age—37% said they...

7 Best Reasons to Retire Abroad

Retire cheaply and luxuriously in a new country

(Newser) - Who says you have to spend your golden years in the US? Stretch every retirement dollar you've saved by heading overseas. Here are the seven best reasons, courtesy of US News:
  • Live on the cheap: Get the most out of your retirement dollars by shipping out to inexpensive destinations
...

GOP Rep. Dan Burton of Indiana to Retire

He famously tried to tie Bill Clinton to aide's murder

(Newser) - Republican Rep. Dan Burton of Indiana won't be running for re-election, he announced today, citing unspecified personal issues. You might remember Burton as the guy who once shot a watermelon in a bizarre attempt to prove that Bill Clinton was involved in the murder of aide Vince Foster. He...

Despite Recession, More Older Americans Employed

In part because they have to be

(Newser) - The good news is that at least one segment of the population has seen its employment statistics actually rise in this economic downturn. The bad news? That segment is older Americans, many of whom are only working because they're afraid they don't have enough savings to retire, the...

Pelosi Daughter: Mom Wants to Retire

Alexandra says her mother 'wants to have a life'

(Newser) - In the for-what-it's-worth department: Nancy Pelosi's daughter tells the conservative Big Government website that her mom would love to leave Congress. "She would retire right now, if the donors she has didn’t want her to stay so badly," says filmmaker Alexandra Pelosi. "She’s...

Cardinals' Tony LaRussa: I'm Retiring

Manager announces retirement days after World Series win

(Newser) - If you’re going to retire, there may be no sweeter time to do it than three days after winning the World Series: “I think this just feels like it's time to end it,” said St. Louis Cardinals manager Tony La Russa today, as he announced his...

Mortgages, Wages Force Many to Delay Retirement

Debt weighing down 60-something Americans: Wall Street Journal

(Newser) - Many Americans are being forced to put off retirement thanks to mountains of debt and lower wages, a feature in today’s Wall Street Journal asserts. Because wages have barely kept up with inflation over the past 35 years, Americans have been borrowing more money and saving less. As of...

Pentagon Eyes Huge Military Retirement Overhaul

Switching to 401(K)-style plan could save $250B

(Newser) - The Pentagon is considering a major overhaul of the military pension system that would save $250 billion over 20 years. Under the proposal, the system in which service members can retire after 20 years with half their salary would be replaced by a 401(K)-style plan, CBS reports. Service members would...

Work Past Retirement Age &mdash;It&#39;s Good for You
Work Past Retirement Age
—It's Good for You
OPINION
Apr 20, 2011 12:27 PM CDT

Work Past Retirement Age —It's Good for You

People remain healthier and happier: Geriatrician

(Newser) - Lots of gloom-and-doom forecasts are out there about the demise of Social Security and how Americans will likely have to work past 65 in the not-too-distant future. Don't sweat it, advises geriatrician Katherine Schlaerth in the Los Angeles Times . Generally speaking, people stay fitter, happier, and more mentally sharp...

Election 2012: Republicans in Good Shape to Take Senate Majority
 GOP in Good Shape 
 to Take Senate Majority 
election 2012
Mar 6, 2011 1:08 PM CST

GOP in Good Shape to Take Senate Majority

Republicans need a net gain of 3 seats, and 5 Dem-held seats are toss-ups

(Newser) - Thanks in part to a rash of Democrats retiring from the Senate , things are looking pretty good for the Republicans in 2012. In the first edition of its 2012 race ratings, The Hill places five seats currently held by Democrats in the “toss-up” column—and Republicans only need a...

For Retiring Boomers, 401(k)s Fall Short

For many, it means postponing retirement or picking up part-time work

(Newser) - With the first baby boomers beginning to retire, the Wall Street Journal takes a look at how well their 401(k)s are holding up. Conclusion, in the form of a question: What kind of part-time work would best suit you in your golden years? Most households don't have anywhere near the...

Another Democratic Senator Retiring

New Mexico's Jeff Bingaman will not seek reelection, sources say

(Newser) - Democratic officials say Sen. Jeff Bingaman of New Mexico intends to retire next year rather than seek a new term. Bingaman would be the latest in a string of departures to hit Democrats as they look ahead to the 2012 election season. He is currently serving his fifth term. Democratic...

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