Retirement
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There's a lot at stake in how we plan for retirement, and most of us can't afford to screw up. Here are the top mistakes, according to financial planners.
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There's a lot at stake in how we plan for retirement, and most of us can't afford to screw up. Here are the top mistakes, according to financial planners.
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Baby boomers preparing for retirement are driving a surge in small business sales, as they find more buyers confident enough to expand their own businesses through acquisitions.
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.160x105.jpg?v=1368811628 "Retirees Go Abroad to 'Arbitrage' Meager Incomes")
Retirees are increasingly moving where daily bills are lower in order to crank up the purchasing power of Social Security, pension or annuity payments.
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SPRINGFIELD, Ill.-- Illinois' state universities and community colleges have agreed to gradually start picking up their own retirement costs under a preliminary deal that emerged at a public hearing Thursday, a step forward on a concept that's been debated by lawmakers for more than a year.
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NEW YORK, May 17- In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. "That's the way we look at it," says Prescher, who lives with his wife, Suzan Haskins, in an apartment with a view of Mount Imbabura. "
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Retiring at an average of 61, Americans plan to stay on the job until 66, according to Gallup, an uptick that predates the 2008 recession.
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CHICAGO, May 15- Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit. "It's good news, because it means healthcare inflation is below the cost of overall inflation- and that doesn't happen often," says Sunit Patel, senior vice president of Fidelity's benefits consulting group.
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WASHINGTON, May 15- It isn't like Federal Reserve Board Chairman Ben Bernanke and his colleagues have it in for old people- I'm sure they are all very respectful of their elders.
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A 65-year-old couple retiring this year would need $220,000 on average to cover medical expenses, an 8 percent decrease from last year's estimate. But most people estimate just a fraction of that.
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LINCOLN, Neb.-- Nebraska lawmakers on Tuesday overrode Gov. Dave Heineman's veto of a public-employee retirement bill, holding in place a deal that was struck to shore up the retirement plans of teachers, judges and state patrol troopers.
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CHICAGO, May 15- Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit. "It's good news, because it means healthcare inflation is below the cost of overall inflation- and that doesn't happen often," says Sunit Pate, senior vice president of Fidelity's benefits consulting group.
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How to save for retirement, and play the cyclical rally using ETFs, with CNBC's Bob Pisani.
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Dave Heineman issued his first veto of the session on Monday, rejecting an increase in the state's contribution to underfunded teacher and school employee retirement plans.
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Mary Fallin has vetoed a bill that would have given state workers the option of enrolling in a defined contribution retirement plan similar to a 401. The bill by Oklahoma City Republican Rep.
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The summer job market looks relatively sunny, including for young entrepreneurs. But teen job seekers will be competing with older workers for seasonal slots.
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PHOENIX-- A bill backed by top Republicans in the Arizona Legislature that replaces pensions for new judges and other elected officials with a 401- style retirement plan passed the Arizona Senate on the second try Wednesday. The House already voted for the bill, but a second vote is required because of Senate amendments before it heads to Gov.
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SANTA FE, N.M.-- Voters booted Republican Dan Foley from office after a decade in the New Mexico Legislature, and within months he began collecting taxpayer-financed pension benefits _ even though he was only 39 years old.
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COLUMBIA, S.C.-- South Carolina's law enforcement officers and firefighters will again be required to put a higher percentage of their salaries toward their retirement benefits than other public workers.
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NEW YORK, May 8- When Barbara Grover and her husband received an inheritance they were not expecting five years ago, they planned a luxurious family trip. Rather than plowing the money back into retirement savings, the Grovers took their two daughters as well as their spouses and children along on an eight-day safari in Tanzania.
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RIVERSIDE CA, May 7- California's public pension fund said on Tuesday that the bankrupt city of San Bernardino has a lot more cash than it had previously disclosed and more than enough money to pay off its debts to the retirement system.
