retirement

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42% of Americans Face Nightmare Retirement

People say they just don't have money to save

(Newser) - Not saving much for retirement? At least you're not alone: A new survey finds that 42% of Americans have under $10,000 saved up for later years and will likely retire broke, CBS New York reports. The 2018 poll by GoBankingRates.com found that 14% of respondents and 60%... More »

Vulnerable GOP Senator Predicts SCOTUS Retirement

Dean Heller says Justice Anthony Kennedy will retire 'sometime early summer'

(Newser) - Dean Heller doesn't exactly have the safest seat in the US Senate, and he might not even make it to the midterms if he doesn't beat GOPer Danny Tarkanian in the Nevada primaries in June, per the Hill . But in audio obtained by Politico from a Las Vegas... More »

This State Is the Best to Spend Your Golden Years In

Florida ranks at the top of the best states for retirement

(Newser) - Trying to plan ahead for where you'll spend your golden years? WalletHub has done a good portion of the legwork for you, looking closely at three categories—affordability, health care, and overall quality of life—in all 50 states to see which ones offer the best retirement options. The... More »

Amid 'Painful' Sex Misconduct Inquiry, NYC Ballet Chief Retires

Peter Martins says it's time to 'bring an end to this disruption'

(Newser) - The longtime leader of the New York City Ballet is retiring in the midst of an investigation into accusations of sexual misconduct by him, reports the AP . Peter Martins wrote a letter to the company's board of directors on Monday announcing his retirement, saying the scandal had "exacted... More »

Conyers: 'I Am Retiring Today'

This after a new accusation from a woman who says he groped her in church

(Newser) - Despite numerous calls for him to do so, Rep. John Conyers won't resign—but he is retiring, and it looks like he's not waiting. "I'm in the process of putting my retirement plans together," he told Detroit radio host Mildred Gaddis in a call from... More »

Daniel Day-Lewis Isn't Regretting His Decision to Quit Acting

Even if he hasn't quite figured it yet

(Newser) - Daniel Day-Lewis surprised the film industry and his legions of fans with the announcement earlier this year that he was done with acting. The 60-year-old didn't explain why, and in an interview with W , he sheds little new light on the decision—because he says he doesn't quite... More »

Robert Mugabe Gets Immunity From Prosecution

The former Zimbabwe despot will also get a healthy retirement package

(Newser) - After ruling Zimbabwe with an iron fist for 37 years, Robert Mugabe will be able to live out the rest of his days free of the threat of prosecution. Military authorities, who put the former president under house arrest a little more than a week ago, have granted him immunity... More »

Report: If Hatch Wants Out of Senate, Romney Wants In

Former presidential candidate said to be waiting on Utah senator's retirement decision

(Newser) - What Joe Biden wants, Joe Biden gets—maybe. In June, the former VP had recommended to former presidential candidate Mitt Romney that the latter should run for Senate if Utah's Orrin Hatch retires next year, as has been rumored. Now, sources tell Utah Policy that Romney is gearing up... More »

Armed Robbers Pick Wrong Venue: Bar Filled With Cops

'It's kind of odd you would even attempt it,' bar owner says

(Newser) - There's never really a "right" place or time to try to pull off an armed robbery, but some places and times are worse than others, as two suspects found out Tuesday. Per the Baltimore Sun , off-duty Baltimore County cops attending a fellow officer's retirement party at Monaghan'... More »

Thinking About Retirement? Here's the Best State for It

Surprise, surprise, it's Florida

(Newser) - If you have the luxury of deciding where to retire, consider WalletHub's list of 2017's best and worst states in which to do so. The site investigated which states "[let] you keep more money in your pocket without requiring a drastic lifestyle change," looking at factors... More »

Social Security Recipients May Get Biggest Raise in Years

It's expected to only be about 2.2% (or $28 a month, on average), but still

(Newser) - Millions of Americans who rely on Social Security can expect to see their biggest pay increase in years in January, per projections released Thursday by the program's trustees, the AP reports. The increase is projected to be just 2.2%, or about $28 a month for the average recipient.... More »

Story May Provide Clue About Kennedy's Plans

Supreme Court justice warns clerk applicants he's considering retirement

(Newser) - When the Supreme Court wrapped up its current term, all eyes were on Anthony Kennedy amid rumors that he'd announce his retirement. He did not do so , but the rumors are gaining steam once again thanks to an NPR story. The focus of the piece was on new Justice... More »

No Retirement Bombshell as SCOTUS Term Ends

Anthony Kennedy made no announcement following a weekend of speculation

(Newser) - The last day of the Supreme Court's term was notable not only for what was announced but also for what wasn't. There had been wild speculation that Justice Anthony Kennedy could reveal his retirement from the court Monday, but the court recessed with no such announcement. Kennedy could... More »

Daniel Day-Lewis Is Retiring From Acting

The 60-year-old actor didn't give a reason

(Newser) - Daniel Day-Lewis is retiring from acting, the Guardian reports. The 60-year-old actor's final role will be a fashion drama from director Paul Thomas Anderson scheduled for release in December. No reason was given for Day-Lewis' pending retirement, which was announced Tuesday. "He is immensely grateful to all of... More »

Palace: Prince Philip Is Retiring

95-year-old is done with royal engagements

(Newser) - Queen Elizabeth II's husband, Prince Philip, will stop carrying out public engagements this fall, Buckingham Palace announced Thursday. The palace said in a statement that Philip, who's 95, has the full support of the queen in his decision. He will continue heading numerous charitable organizations but will not... More »

Dum Dums Pays Tribute to 48-Year Employee

Al Braun retired from the company he joined in 1969 on Friday

(Newser) - Al Braun started what was to be a 90-day temporary gig at a Bryan, Ohio, candy factory in 1969. It turned into something with a little more staying power. On Friday, Braun ended his 48-year career with the Spangler Candy Company, maker of Dum Dums and other popular candies. His... More »

The 10 Jobs With Most Older Workers

Tax preparers top the list

(Newser) - Aiming for an early retirement? It might be smart to steer clear of these professions. Time has compiled a list of the jobs people work the longest, based on the percentage of workers over 65. The top 10: More »

5 Best and Worst States for Retirees

Thinking Florida? Think again

(Newser) - Think Florida is the ideal spot to retire? There are far better, according to Bankrate . The Sunshine State came in only at the No. 17 spot on Bankrate's list of the best states for retirees, based on cost of living, quality of health care, crime, weather, and other factors.... More »

NFL Punter Makes Unusual Career Change

Indianapolis Colts' Pat McAfee will produce content for satirical Barstool Sports site

(Newser) - One of the best punters the Indianapolis Colts ever had just kicked his NFL career to the curb. At just 29, Pat McAfee has decided to walk away from the game and onto the comedy scene, a surprise he announced on live TV Wednesday night, the Indianapolis Star reports. His... More »

Early Cheerleaders of 401(k) Plans Are Now Changing Tune

They point to major issues, such as dependence on stock market, high fees

(Newser) - When 401(k) plans emerged in the '80s, they were supposed to complement pensions, not replace them. But as the Wall Street Journal reports, only 13% of workers in the private sector today hold pensions thanks to the 401(k) revolution—and original proponents of the tax-deferred savings plans are now... More »

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