Retire in Style

Stories

11 Stories

October 2008
- Crisis Drains $2T From Retirement Savings
  
  Washington Post | Oct 8, 08 10:31 AM CDT
  
  (Newser) - The financial crisis has drained $2 trillion from Americans' retirement savings over the past 15 months, reports the Washington Post , a 20% drop in the value of pensions and 401(k) plans that may force many to retire later and could spread to the general economy as workers tighten belts further. The decline has renewed debate about whether 401(k) plans, heavily linked to the market and heavily pushed by the government, are smart retirement investments. More »
June 2008
- Many Retirees Will Have Less Than They Think
  
  Economist | Jun 16, 08 5:21 PM CDT
  
  (Newser) - Many employees will enter retirement with a much smaller income than they expect, the Economist reports. By 2014, the amount of money saved in direct-contribution retirement plans—ie 401Ks—will outpace than the amount saved in old-fashioned direct-benefit plans. But workers set contributions to their DC schemes at lower levels than might have been set aside in DC schemes. Add poor investment decisions, and many pensioners could end up with half the retirement income they would’ve drawn under DB. More »
March 2008
- Social Security, Medicare Woes Unchanged
  
  CQPolitics | Mar 25, 08 5:15 PM CDT
  
  (Newser) - Social Security and Medicare still face financial problems down the road, but the situation became no worse last year, trustees for the programs said today. The trustees predict that Social Security will become insolvent in 2041, Medicare in 2019. True to form, Republicans sounded alarms about the issue while Democrats pointed to bigger near-term problems, CQ Politics reports. More »
- Website Offers Post-Mortem Security
  
  San Francisco Chronicle | Mar 14, 08 2:50 PM CDT
  
  (Newser) - Think of it as a safe deposit box for the dearly departed: A website in California allows subscribers to store digital versions of important stuff—wills, photos, credit card numbers, bicycle lock combinations, you name it—so beneficiaries don't have to scramble after the funeral, the San Francisco Chronicle reports. Sounds farfetched, but AssetLock.net soon expects to have 1 million American and international clients. More »
January 2008
- First Boomer, First Check
  
  AARP The Magazine | Jan 18, 08 2:06 PM CST
  
  (Newser) - The first Baby Boomer will collect her—and her generation's—first Social Security check next month, and she can expect a lot of attention, reports AARP The Magazine. Kathleen Casey-Kirschling was born at 12:00:01 on January 1, 1946, and her big move spotlights the way her generation will both redefine retirement and squeeze Social Security to the limit. More »
October 2007
- It's Retirement, Not Exile
  
  CNN | Oct 14, 07 1:48 PM CDT
  
  (Newser) - If you've lived in the city your whole life, retiring to the country may not be desirable. CNNMoney looks at 30 of the nation's largest metro areas to find 35 affordable neighborhoods for retirees: Hudson Heights, NY Tudor City, NY South Loop, Chicago More »
September 2007
- Top Places to Retire in Style
  
  US News and World Report | Sep 26, 07 3:24 PM CDT
  
  (Newser) - The best places to retire aren't all what you'd expect. U.S. News assembles a list of 1,000 top choices and zeroes in on 10 to get you started. In alphabetical order, they are: Bozeman, Mont. Concord, NH Fayetteville, Ark. More »
- Social Security Fund Faces $13.6 Trillion Shortfall
  
  MarketWatch | Sep 25, 07 4:27 AM CDT
  
  (Newser) - Slashing benefits or hiking taxes—or both—is the only way to make the Social Security system solvent, reports a Treasury Department briefing paper. Treasury Secretary Henry Paulson warned that faster economic growth alone won't solve the money problems of Social Security, which faces a $13.6 trillion shortfall in the "indefinite future," Bloomberg reports. More »
- House Targets Hedge-Fund Tax Deferments
  
  Wall Street Journal | Sep 7, 07 7:56 AM CDT
  
  (Newser) - Democratic Rep. Rahm Emanuel said yesterday he will draft a bill to close a loophole that allows private-equity and hedge-fund managers to defer taxes on income earned by funds abroad. Emanuel proposes to limit such tax deferrals to $19,500—the amount anyone can put into a retirement account tax-free. A Senate bill passed earlier this year included a cap of $1 million on deferrals. More »
July 2007
- 10 Best Retirement Bargains
  
  US News and World Report | Jul 2, 07 12:38 PM CDT
  
  (Newser) - Cost of living isn't the only important factor when deciding on a place to retire. Weather, proximity to cities, airports, entertainment and hospitals are also play a part. U.S. News considered all the angles and came out with these top picks: Boone, North Carolina Dahlonega, Georgia Fredericksburg, Texas Kennebunk, Maine Melbourne Beach, Florida More »
June 2007
- Dutch Do Pensions Right
  
  Time | Jun 15, 07 2:00 PM CDT
  
  (Newser) - Governments around the world are stuck between tightfisted Anglo-American pension plans that pay only a fraction of one's past salary, and extravagant European-style social security that ends up welshing on the payments. But the Dutch have struck a balance that's working, reports Time , as sufficient amounts of money are saved up and invested skillfully. More »