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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: retirement

retirement stories: 97 news summaries

1 - 20 of 97 Stories | 1 2 3 4 5 Next >>

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Exec Pensions Soared
as Stocks Tanked

Multi-million-dollar payouts escape pay watchdog scrutiny

Nov 3, 09 4:47 AM CST
(Newser) - Steep increases in the pensions of top execs passed largely unnoticed amid the recent uproar about pay and bonuses. The average pension for a top executive rose 19% last year even as share prices fell by an average of 37%. More than 200 execs saw pensions boosted by over 50%... More »

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executive compensation • pensions • retirement • compensation • executives • executive bonuses

 Brooks' Vegas Gigs 
 Sell Out in 5 Hours 

30K tickets sell briskly as country star ends retirement

Oct 25, 09 6:30 AM CDT
(Newser) - Country music superstar Garth Brooks can still pack 'em in, selling out 30,000 tickets in five hours yesterday for a series of 20 small-scale Vegas shows that will end his retirement for the time being. The Oklahoma cowboy will put on four shows a weekend for five weekends in... More »

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music • retirement • country music • Garth Brooks • Wynn Las Vegas • sellout

INTERVIEW

Justice Stevens Hints He'll Retire This Term

Liberal stalwart, at age 89, admits, 'I'm not exactly a kid'

Oct 19, 09 6:01 AM CDT
(Newser) - John Paul Stevens, the senior justice on the Supreme Court and the bench's liberal lion, says he gave serious thought to retiring—in the late 1980s, when he was 65 years old. Instead, while younger colleagues have packed their bags, Stevens has become the court's master tactician, cobbling together narrow... More »

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Ruth Bader Ginsburg • retirement • John Paul Stevens • federal judges • US Supreme Court • Sonia Sotomayor • Supreme Court justice


 Garth Brooks 
 Unretires 

Don't expect a new tour or album anytime soon

Oct 15, 09 2:23 PM CDT
(Newser) - Garth Brooks is officially out of retirement—whatever that means. The 47-year-old singer announced his return to great fanfare at Nashville’s Grand Ole Opry today. “It’s a proud day for me and my family,” Brooks declared. But coming out of retirement doesn’t mean Brooks will... More »

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retirement • Tennessee • country music • Grand Ole Opry • Nashville • Garth Brooks

Lewis Due a Mere $53M
From BofA Pension Plan

But President Obama's pay czar could yet step in on that, millions in stock

Oct 1, 09 8:08 PM CDT
(Newser) - An executive pension plan Bank of America stopped in 2001—along with “golden parachute” balloon payments to execs leaving the company—will yield about $53 million for departing CEO Ken Lewis. Lewis, 62, participated for years in the plan, which was frozen the year he ascended to the top... More »

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stock market • executive compensation • Bank of America • retirement • golden parachutes • financial crisis • Ken Lewis • pension plan

(AP) - Ken Lewis, the embattled CEO of Bank of America, is leaving the company, succumbing to nearly a year of strife that followed his company's acquisition of Merrill Lynch. The bank said in a statement that Lewis, 62, would retire as CEO and also leave the company's board by the end... More »

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Bank of America • CEO • retirement • Ken Lewis

Social Security Faces Grim Forecast for 2010, 2011

Payouts will exceed tax receipts for first time since 1980s

Sep 27, 09 4:40 PM CDT
(AP) - 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 2 years, the first time that's happened since the 1980s. The deficits—$10 billion in 2010 and $9 billion in... More »

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taxes • retirement • disability • deficit • unemployment • baby boom • Social Security • budget deficit • retirement benefits

analysis

 Don't Let the 
 Recession 
 Rule Out 
 Retirement 

Save more, use 'catch-up' tax law provisions to turn things around

Sep 20, 09 4:48 PM CDT
(Newser) - Retirement savers have been facing grim truths, like the fact that a 50% portfolio loss requires 100% in earnings to recover. But middle-of-the-road investors could recover in as little as 2 years if they make contributions, receive a company match, and see fair long-term portfolio returns, writes Linda Stern in... More »

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retirement • recession • savings • investor • 401(k) plans

Young Grow Poorer While Old Get Richer

Recession socks Americans born after 1955

Sep 18, 09 12:49 PM CDT
(Newser) - Young and middle-aged people, particularly men, saw their incomes plummet from 2000 to 2008, leaving many age groups at 30-year nadirs, new Census data show. The recession has exacerbated the problem, widening the gap between young and old at an unprecedented rate, USA Today reports. Worst hit were those... More »

MORE ABOUT:
Bush administration • middle class • retirement • income disparity • young men • income gap • young people

Obama Offers New Options for Retirement Savings

Americans can have tax refunds sent as savings bonds

Sep 5, 09 7:07 AM CDT
(AP) - President Obama used his radio address today to roll out several initiatives aimed at making it easier for Americans to save for retirement. One move will allow people to have their federal tax refunds sent as savings bonds by checking a box on their tax return; another has workers automatically... More »

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Barack Obama • retirement • savings • tax refunds • retirement benefits • 401(k) plans • radio address

ANALYSIS

Stevens' Exit Would Break Court Tradition

Tradition sees justices sticking with party that appointed them

Sep 3, 09 2:11 PM CDT
(Newser) - Supreme Court justices have traditionally waited to retire until a member of the same party that nominated them held the presidency, writes Kate Klonick for True/Slant. The custom has prevailed even when the justice’s ideology drifted away from that party. But if the rumors about John Paul Stevens’ imminent... More »

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retirement • George HW Bush • Gerald Ford • John Paul Stevens • US Supreme Court • judicial nominations • David Souter • Sonia Sotomayor • judicial activism

 Oldsters Refusing 
 to Step Aside to 
 Free Up Jobs 

Reliance on volatile 401(k)s breeds reluctance to retire

Sep 3, 09 9:28 AM CDT
(Newser) - Their retirement savings devastated by the financial crisis, older workers are increasingly postponing retirement, the New York Times reports, creating even more competition for scarce jobs. A recent survey found that four in 10 workers over 62 have remained at their jobs longer than they planned thanks to the recession.... More »

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pensions • Europe • retirement • recession • savings • 401k • financial crisis • 401(k) plans

 Justice Stevens 
 May Be Getting 
 Ready to Retire 

Liberal judge slows hiring of law clerks

Sep 2, 09 9:38 AM CDT
(AP) - Supreme Court Justice John Paul Stevens has hired only one law clerk for the upcoming legal season, generating speculation that the leader of the court's liberals will retire next year and give President Obama the chance to fill a second seat on the court. Justice David Souter, who was replaced... More »

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Ruth Bader Ginsburg • retirement • John Paul Stevens • US Supreme Court

(Newser) - Low inflation could force the IRS to decrease the amount workers can contribute to their 401(k) plans to $16,000, USA Today reports. It would mark the first time the government has ever lowered contribution limits. Though a spokesperson says it’s too early for speculation, the IRS may not... More »

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IRS • pensions • retirement • Social Security • Internal Revenue Service • contributions • 401k • retirement benefits • 401(k) plans

UPDATED

 Favre Signs With Vikings 


Aug 18, 09 1:51 PM CDT
(Newser) - Brett Favre has un-retired again, signing with the Minnesota Vikings today, the team says in a press release. The quarterback, 40 in October, is getting between $10 million and $12 million, according to ESPN, and is expected to start in Friday’s preseason game against the Kansas City Chiefs. Favre... More »

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NFL • Brett Favre • football • retirement • Minnesota Vikings • quarterback • Jay-ZTV

OPINION

For Pro Athletes, Retirement Is a Nightmare


Aug 13, 09 8:25 AM CDT
(Newser) - Steve McNair’s death was a grisly illustration of the nightmare that retirement can be for pro athletes, writes former outfielder Doug Glanville in the New York Times. Though players are often told they’ll be set for life, “the pleasure of a hammock at age 35 only... More »

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football • retirement • athlete • Steve McNair • baseball • professional athletes

(Newser) - No comeback this time for Brett Favre. After a long flirtation with the Minnesota Vikings, Favre has told the team that he won't be signing and will instead stick to retirement, the Pioneer Press reports. "It's the hardest decision I've ever made," Favre told ESPN. "I didn't... More »

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NFL • Brett Favre • football • retirement • Minnesota Vikings • quarterback

Employer Bails Out Madoff-Hit Employees

Mass. businessman donates $5M for workers' retirement

Jul 18, 09 1:06 PM CDT
(Newser) - A Massachusetts businessman has ponied up $5 million of his own money to replace his employees’ retirement savings, which were wiped out by the collapse of Bernard Madoff’s Ponzi scheme, the Boston Globe reports. Robert I. Lappin, who made his money in vacuum cleaners, knows their pain because he,... More »

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business • retirement • Massachusetts • employer • Salem • Ponzi scheme • employees • Bernard Madoff

(Newser) - Now that the financial crisis has destroyed so many nest eggs, many soon-to-be retirees are buying annuities and leaving their kids to fend for themselves, the Wall Street Journal reports. Annuities turn a lump-sum payment into a guaranteed income for life. That’ll provide more peace of mind than... More »

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baby boomer • retirement • financial crisis • annuity

Souter Says Goodbye to Supreme Court

On his final day, a testament to friendship in the face of dissent

Jun 29, 09 2:13 PM CDT
(Newser) - David Souter bid farewell to the Supreme Court today, but not before taking a moment to reflect on the rewarding bonds forged between him and his fellow justices, the AP reports. Though he will leave the court, Souter told his colleagues in an open letter that he would not “... More »

MORE ABOUT:
John Roberts • New Hampshire • retirement • US Supreme Court • constitutional law • David Souter • Supreme Court justice

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