retirees news stories on Newser

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...

56% of Americans Retiring With Debt

Kate Schwartz — Sun, 09 Jan 2011 18:37:05 CST

Financially speaking, now isn't such a great time to be a new veteran . Or a resident of Nevada . And it's definitely not a good time to be retiring. Newsweek pulls together a handful of recent studies regarding Americans entering their golden years that are downright depressing. Among them: Bankruptcies are...

Town's Pension Collapse Seen as Warning Across US

Matt Cantor — Thu, 23 Dec 2010 14:16:28 CST

When an Alabama town’s pension fund ran out, it simply stopped sending money to its retirees—a decision that’s never been made before, pension experts believe. That left retired public workers struggling: Some returned to work, one filed for bankruptcy, and one died with no electricity or running water at...

US Retirees Find Flat-Rate Health Bargain in Mexico

Nick McMaster — Tue, 01 Sep 2009 21:00:55 CDT

Mexico might have a raging drug war and rampant corruption, USA Today reports—but it also has a health-care system that is the envy of many Americans. In fact, many retirees too young for Medicare are moving to Mexico to take advantage of the plan offered by the Mexican Social...

Tucson Tops 'Simple Life' List

Harry Kimball — Tue, 28 Jul 2009 13:52:01 CDT

Of all the cities and towns in America, Tucson, Ariz., offers the simplest and most rewarding living, U SA Today reports. The AARP studied demographic information and a city’s stress index—a measure of suicide, crime, and divorce rates—to pick places a retiree might relax easily, and cheaply. The...

Like Most Humans, Jacko's Bubbles Retired in Fla.

Mat Probasco — Mon, 13 Jul 2009 05:56:11 CDT

He sat in the studio as the "Bad" album was recorded, dined with countless celebrities, and was once perhaps the world's most famous chimp. But like so many oldsters, today Michael Jackson's onetime pal Bubbles lives a quiet life in the retirement haven of Florida, reports the Miami Herald .

Live With It: Retirement Must Shrink

Matt Cantor — Fri, 26 Jun 2009 12:13:35 CDT

With people living longer and having fewer children in developed countries, the population is aging even as the workforce shrinks. And with retirement ages in the 60s, retirees are living longer on pensions. Those demographic shifts make a policy shift inevitable: we’re all going to have to work longer, the...

GM to Miss Restructuring Deadline, Win Extension

Gabriel Winant — Fri, 27 Mar 2009 07:35:32 CDT

General Motors, about to miss its March 31 deadline for completing the cost-cutting restructuring plan it submitted to the government, is expected to get a 30-day extension, reports the Wall Street Journal . Though the UAW has agreed to shed 7,600 jobs at GM next week, and another 10,000...

Retirement Communities Seek Younger Residents

Nick McMaster — Mon, 01 Dec 2008 12:15:01 CST

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 desegregation"...