retirement news stories on Newser

Retiring? Better Have $240K for Health Care

Evann Gastaldo — Wed, 09 May 2012 13:27:05 CDT

Retiring this year? You and you significant other will need $240,000 for health care expenses, according to Fidelity Investments' latest annual projection. That's up 4% from last year's $230,000 estimate, which is a typical—and actually fairly modest—increase, BusinessWeek reports. Since 2002's $160,000 estimate, the annual...

6 Retirement Planning Myths

Evann Gastaldo — Sat, 07 Apr 2012 13:00:00 CDT

According to a new survey, only 14% of US workers are very confident they'll be able to retire comfortably—and more than 50% haven't even tried to calculate how much money they'll need. Workers are increasingly planning to keep working past the retirement age—37% said they expected to work...

7 Best Reasons to Retire Abroad

Dustin Lushing — Sun, 18 Mar 2012 14:29:05 CDT

Who says you have to spend your golden years in the US? Stretch every retirement dollar you've saved by heading overseas. Here are the seven best reasons, courtesy of US News: Live on the cheap : Get the most out of your retirement dollars by shipping out to inexpensive destinations such...

GOP Rep. Dan Burton of Indiana to Retire

Kevin Spak — Tue, 31 Jan 2012 12:26:06 CST

Republican Rep. Dan Burton of Indiana won't be running for re-election, he announced today, citing unspecified personal issues. You might remember Burton as the guy who once shot a watermelon in a bizarre attempt to prove that Bill Clinton was involved in the murder of aide Vince Foster. He was...

Despite Recession, More Older Americans Employed

Kevin Spak — Fri, 13 Jan 2012 14:12:05 CST

The good news is that at least one segment of the population has seen its employment statistics actually rise in this economic downturn. The bad news? That segment is older Americans, many of whom are only working because they're afraid they don't have enough savings to retire, the Washington Post...

Pelosi Daughter: Mom Wants to Retire

John Johnson — Thu, 29 Dec 2011 13:48:20 CST

In the for-what-it's-worth department: Nancy Pelosi's daughter tells the conservative Big Government website that her mom would love to leave Congress. "She would retire right now, if the donors she has didn’t want her to stay so badly," says filmmaker Alexandra Pelosi. "She’s 71, she wants to have a life,...

Cardinals' Tony LaRussa: I'm Retiring

Evann Gastaldo — Mon, 31 Oct 2011 11:32:40 CDT

If you’re going to retire, there may be no sweeter time to do it than three days after winning the World Series: “I think this just feels like it's time to end it,” said St. Louis Cardinals manager Tony La Russa today, as he announced his retirement at a Busch...

Mortgages, Wages Force Many to Delay Retirement

Kevin Spak — Wed, 07 Sep 2011 14:12:05 CDT

Many Americans are being forced to put off retirement thanks to mountains of debt and lower wages, a feature in today’s Wall Street Journal asserts. Because wages have barely kept up with inflation over the past 35 years, Americans have been borrowing more money and saving less. As of 2008,...

Pentagon Eyes Huge Military Retirement Overhaul

Rob Quinn — Thu, 18 Aug 2011 04:20:05 CDT

The Pentagon is considering a major overhaul of the military pension system that would save $250 billion over 20 years. Under the proposal, the system in which service members can retire after 20 years with half their salary would be replaced by a 401(K)-style plan, CBS reports. Service members would...