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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: retirement

retirement stories: 98 news summaries

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 Favre Will Retire—Again 


Feb 11, 09 9:06 AM CST
(Newser) - Brett Favre has quietly instructed his agent to tell the Jets that he plans to retire, ESPN reports. After last year's tearful train wreck, Favre is skipping the farewell press conference, but he did send an email saying he has no regrets. “My time with the Jets was short,... More »

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NFL • Brett Favre • Green Bay Packers • retirement • New York Jets

(Newser) - Tony Dungy bid an emotional farewell to football today as the Indianapolis Colts head coach announced his retirement, the Indianapolis Star reports. “I’ve been tremendously blessed,’’ said Dungy, 53. "It’s been fantastic.” The first black coach to win a Super Bowl, Dungy owns... More »

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NFL • Indianapolis Colts • retirement • Tony Dungy

Ohio Sen. Voinovich Won't Run in 2010

Empty GOP seat would give Dems chance to pad majority

Jan 12, 09 7:00 AM CST
(Newser) - Two-term GOP Sen. George Voinovich will retire in 2010 rather than seek reelection, the AP reports, raising Democrats’ hopes to snag an additional seat in the battleground state of Ohio. Voinovich's announcement, expected today, comes as two other Republican senators in swing states have said they won't run again. Just... More »

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Democrats • retirement • Senate Republicans • George Voinovich • senator • re-election

GOP Stalwart Bond Will Leave Senate After 2010

Open Missouri seat sure to invite a contest

Jan 8, 09 10:44 AM CST
(Newser) - The GOP just can’t catch a break. Kit Bond, another senior Republican senator from a swing state, announced his retirement today, Politico reports. Bond joins Florida’s Mel Martinez, Kansas’ Sam Brownback, and, likely, Texas’ Kay Bailey Hutchison in a clutch of GOP Senate retirements. His decision not to... More »

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Sam Brownback • Senate • GOP • retirement • Republican Party • Missouri • Mel Martinez • Senate GOP • Kay Bailey Hutchison • Christopher Bond

401(k) Decay Spurs Calls
for Change

Critics question if plans are robust enough to survive tough times

Jan 8, 09 10:17 AM CST
(Newser) - Americans depending on 401(k) plans for their retirement have taken a hammering as the stock market plunged during the past year, prompting critics to question the shortcomings of the system, reports the Wall Street Journal. Some 50 million American have 401(k)s, and Congress is weighing a revamp. "It's... More »

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investing • Congress • retirement • financial crisis • 401(k) plans • defined-contribution retirement plans

(Newser) - Four-time Cy Young winner Greg Maddux confirmed today that his 355th win was his last, the Las Vegas Sun reports. “I’m 42, and I have two kids and a wife,” said the eight-time all-star, who finished his 23-year career with a stint on the Los Angeles Dodgers.... More »

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retirement • Greg Maddux • pitcher • baseball

OPINION

Don't Take the 'Gold' Out of Americans' Golden Years

And why is retirement reform taboo?

Dec 4, 08 3:30 PM CST
(Newser) - Snow White’s dwarf pals are so happy to go to work that they sing about it, “and they’re 71 years old,” writes Irwin Stelzer of the Weekly Standard. “So why do so many of us less vertically disadvantaged worry about” extending the retirement age?... More »

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entitlement programs • age • retirement • Social Security • senior citizens • retirement benefits

 Empty Nesters 
 Fly High 


Dec 4, 08 2:01 PM CST
(Newser) - With their children grown and gone, couples find their love lives more satisfying, new research reveals. Some of the 123 women in a long-term study switched partners and some remarried, but regardless, they were happier in their relationships after the child-rearing was complete. Marriages generally improve with time, and the... More »

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marriage • children • parents • retirement • aging • happiness

Retirement Communities Seek Younger Residents

Housing bust leads to 'age desegregaton'

Dec 1, 08 12:15 PM CST
(Newser) - A rash of vacancies caused by the ugly housing market has prompted many retirement communities to consider lowering, or even eliminating, age restrictions, the Wall Street Journal reports. Many of the communities enjoy lower taxes, and child- and teen-free living appeals to some seniors. But what's being call "age... More »

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housing market • age • retirement • retirees • condominium • retirement communities • financial crisis

401(k) Matches Fall Victim to Downturn

Cost-cutting efforts increasingly extend to pricey employee benefit

Nov 13, 08 10:26 AM CST
(Newser) - Shrinking 401(k) accounts may soon seem like a bit of a luxury as more and more companies eliminate matching contributions to the retirement accounts, reports BusinessWeek. Some 2% of firms in a recent survey said they had already cut out the match, and another 4% said they’ll drop it... More »

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pensions • General Motors • retirement • 401k • financial crisis

(Newser) - Stephen Hawking will retire from his chair at Cambridge University at the end of this academic year, the Telegraph reports. But the esteemed physicist will continue working at the college in an emeritus position. Cambridge requires profs to step down when they reach 67, and Hawking’s birthday is in... More »

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Stephen Hawking • retirement • black hole • astrophysics • Cambridge University • Isaac Newton

(Newser) - Lance Armstrong will race in the three-week Giro d’Italia for the first time next year, but a return visit to the Tour de France is in doubt, the Telegraph reports. Armstrong, recently out of retirement, has historically clashed with Tour management, and his team was banned from this... More »

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cycling • retirement • Tour de France • doping • Lance Armstrong • Giro d'Italia

Sinking 401(k)s Raise Debate
on How to Save

Accounts tumble by up to 11%, but backers
still love them

Oct 12, 08 8:30 PM CDT
(Newser) - Tumbling stock markets have cracked open the piggy bank that many Americans use to store retirement savings—401(k) accounts—sparking fresh debate about how best to save money, the Washington Post reports. Supporters argue that 401(k)s offer bigger rewards than traditional pensions, which are less exposed to market turbulence. But... More »

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pensions • retirement • investment • employers • 401k • financial crisis

 Tarzan's 
 Old Pal 
 Enjoys His 
 Retirement 

At  76, Tarzan co-star keeping busy with painting, TV

Oct 11, 08 12:47 PM CDT
(Newser) - Cheeta the chimp is enjoying a fairly humdrum retirement after his glittering showbiz career, Entertainment Weekly reports. Cheeta, at 76 the world's oldest domesticated simian, was plucked from the jungles of Africa as a baby and starred in the '30s Tarzan movies. An "autobiography"—more of a Hollywood... More »

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Hollywood • retirement • chimpanzees • autobiography • primates • animal

Ford CFO
Says He'll
Step Down

Longtime exec retires after grabbing timely loan ahead of crisis

Oct 10, 08 12:41 PM CDT
(Newser) - Ford CFO Don Leclair will retire at the end of the month after 32 years with the company, the struggling automaker said today. Leclair has drawn praise for snagging $25 billion in loans for the company before the credit markets dried up, a move that may ensure Ford’s survival... More »

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retirement • Ford • CFO • credit • auto industry • Don Leclair • Lewis Booth

As Stocks Sink, New Cash
Cows Emerge

Alpacas, coins, comic books; a stampede to alternative investments

Oct 3, 08 12:26 PM CDT
(Newser) - With stocks tanking, 401(k)s plummeting, and the market’s usual safe haven—real estate—at the heart of the current crisis, investors are seeking refuge in unusual investments—everything from parking spaces to comic books to alpacas, the Wall Street Journal reports. A growing number of retirees are taking individual... More »

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retirement • alpaca • IRA • investment • comics • 401k • gold coins

 Retirees Hit Hard by Markets 

Their money is in riskier investments these days

Sep 23, 08 10:43 AM CDT
(Newser) - Among those hardest hit by the financial crisis are retirees, and they have less chance to recover than their younger counterparts, the New York Times reports. As companies have abandoned fixed pensions for 410(k)s, retirees can lose large percentages of their wealth in a short period. And low-risk investments, like... More »

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pensions • retirement • retirees • financial markets • subprime crisis • retirement benefits • financial crisis

(Newser) - Thinking of early retirement? Not if you're an architect, writes Witold Rybczynski in Slate. Few architects achieve greatness before middle age and many do after, such as Frank Gehry, Louis Kahn, and Le Corbusier, who all designed masterpieces in their sixties. "I want to spend whatever time I have... More »

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architecture • retirement • architect

Analysis

 It's Health, Not
 Age, That Matters

McCain probably has enough juice left in tank

Aug 26, 08 10:36 AM CDT
(Newser) - At 72, John McCain would be the oldest person elected president, but should that matter to voters? Probably not, according to geriatrics experts consulted by the Wall Street Journal. “Aging has such a small impact on how we function that it is of minimal importance,” says one... More »

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Barack Obama • John McCain • retirement • Obama 2008 • old age • geriatric medicine

Retirement Plan Hurting US Military: Study

'Inequitable, inefficient' system handcuffs brass, needs overhaul

Aug 5, 08 2:45 PM CDT
(Newser) - The retirement plan for the US military is "inequitable, inflexible, [and] inefficient," says a study released today by the Pentagon. It recommends the current system be swapped for a combination of cash and deferred compensation that kicks in with as few as 10 years of service, the Military... More »

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US military • retirement • US troops • US Army

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