retirement

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Retirees Hit Hard by Markets
 Retirees Hit Hard by Markets 
Sep 23, 2008 10:43 AM CDT

Retirees Hit Hard by Markets

Their money is in riskier investments these days

(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...

Forget Retirement&mdash;Old Architects Make Masterpieces
Forget Retirement—Old Architects Make Masterpieces
COMMENTARY
Sep 14, 2008 4:40 PM CDT

Forget Retirement—Old Architects Make Masterpieces

(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...

It's Health, Not Age, That Matters
 It's Health, Not
 Age, That Matters
Analysis
Aug 26, 2008 10:36 AM CDT

It's Health, Not Age, That Matters

McCain probably has enough juice left in tank

(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 specialist....

Retirement Plan Hurting US Military: Study

'Inequitable, inefficient' system handcuffs brass, needs overhaul

(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...

Favre Huddles With Packers Coach
Favre
Huddles With
Packers Coach
Aug 5, 2008 2:52 AM CDT

Favre Huddles With Packers Coach

Meeting with McCarthy lasts 5 hours—QB's fate still uncertain

(Newser) - Packers coach Mike McCarthy talked with once (and future?) quarterback Brett Favre last night in a meeting that stretched five hours. The marathon chat pre-empted scheduled sessions with other players and the media, but close to midnight Favre's future with Green Bay was still unclear, reports the Milwaukee Journal-Sentinel.

Favre Deserves Better Than Bribery
 Favre Deserves
 Better Than Bribery
OPINION
Aug 3, 2008 6:02 AM CDT

Favre Deserves Better Than Bribery

$20M 'payoff' would hurt legacy more than a weak season

(Newser) - As football fans eagerly await a decision about Brett Favre’s future in football, critics are lambasting the Green Bay Packers' reaction to the quarterback's plans to return. The measures the team is taking to obstruct Favre’s comeback are tarnishing the NFL’s good name, writes William Rhoden in...

Green Bay Split on Favre Question
Green Bay
Split on
Favre Question
Aug 1, 2008 6:08 AM CDT

Green Bay Split on Favre Question

Loyal fans divided on whether to support their team or their old QB

(Newser) - In Green Bay, sides are being chosen, rival camps established. While some fans circulate petitions calling for the team to re-embrace the newly un-retired Brett Favre, 38, as starting quarterback, others wish he would step aside. The only consensus in town seems to be that people are tired of the...

Packers Offer Favre $20M to Stay Home

(Newser) - The Packers are desperate to keep Brett Favre retired and they’re willing to pay handsomely for the privilege, ESPN reports. Packers president Mark Murphy met with the quarterback yesterday and reportedly offered him roughly $20 million over several years to stay retired. Murphy would say only that he’d...

Packers Beg Favre to Stay Home

 Packers Beg
 Favre to
 Stay Home
Jul 30, 2008 11:38 AM CDT

Packers Beg Favre to Stay Home

But will legend listen?

(Newser) - Packers President Mark Murphy is flying to Mississippi in a last ditch attempt to convince Brett Favre to stay retired, or at least avoid training camp, the Green Bay Press-Gazette reports. “They’re asking him not to come,” a source said. “They don’t want him up...

Hume to Leave Fox Anchor Role
 Hume to Leave Fox Anchor Role 
Jul 15, 2008 9:06 PM CDT

Hume to Leave Fox Anchor Role

But he plans to stay on part-time as a senior political analyst

(Newser) - Fox News' Brit Hume plans to step down from his role as anchor of the daily Special Report and as Washington managing editor at the end of the year, the Washington Post reports. Hume is near a deal to stay on Fox part-time as a senior political analyst, sources say,...

Packers to Favre: No Go
 Packers to Favre: No Go 
Jul 13, 2008 10:27 AM CDT

Packers to Favre: No Go

Team denies QB's request to become free agent

(Newser) - Green Bay won't be releasing retired quarterback Brett Favre from his contract as he has requested, and aren't promising to start him if he rejoins the team, AP reports. "This is a hot-button issue that surpasses anything I've ever gone through," says Packers GM Ted Thompson. Favre had...

10 Possible Teams for Favre
 10 Possible Teams for Favre 
Jul 12, 2008 11:30 AM CDT

10 Possible Teams for Favre

The QB legend may play again, and he wants out of his Green Bay contract

(Newser) - The maybe-not-as-retired-as-we-thought Brett Favre has asked the Green Bay Packers to release him from his contract so he can play elsewhere. It's far from certain the Packers will agree, but USA Today runs down 10 places he could go:
  • Baltimore Ravens: Favre's agent has placed players there before.
  • Buffalo Bills:
...

Washington Post Top Editor Calls It Quits

Downie presided as Internet transformed newspapers, media

(Newser) - The Washington Post's executive editor is retiring, he said today, after a 17-year run that included many prizes, painful staff cuts, and the rise of the Internet. A low-profile but highly respected figure, Leonard Downie Jr. told his staff he would miss the paper. "At the same time I'm...

Microsoft Without Bill Gates? His Final Week Begins

The 52-year-old has slowly backed away from the software company's operations

(Newser) - This will be Bill Gates’ last Monday at Microsoft, the company that the 52-year-old founded with business partner Paul Allen as a teenager. He’s retiring Friday from Microsoft’s day-to-day business and beginning full-time work with his $37.3 billion philanthropic organization, the Bill & Melinda Gates Foundation. He's...

Many Retirees Will Have Less Than They Think

Economist compares direct-benefit to direct-contribution plans

(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...

Strahan Goes Out on Top
 Strahan Goes
 Out on Top 
Jun 9, 2008 4:14 PM CDT

Strahan Goes Out on Top

Giants' sack-happy defensive end says he's retiring at 36; TV gig may be next

(Newser) - Michael Strahan is retiring after 15 years with the New York Giants, ESPN reports. The defensive end, 36, set the NFL's single-season sacks record with 22.5 sacks during the 2001 season, participated in seven Pro Bowls, and got his first Super Bowl ring earlier this year. Strahan walks away...

Mayweather Jr. Quits Before Big Match

39-0 boxer forgoes $20 million payoff

(Newser) - Undefeated boxer Floyd Mayweather Jr. is hanging up his gloves, nixing a high-profile rematch against Oscar De La Hoya, ESPN.com reports. “This decision was not an easy one for me to make,” the welterweight champ said. “However, these past few years have been extremely difficult for...

Dementia Sufferers Get Unusual Help

Fake bus stops give restless elderly patients a destination

(Newser) - German retirement homes have found a new way to help patients: building fake bus stops. Dementia sufferers who insist they have somewhere to go now have a destination, giving them a sense of control. That helps calm them, even if they forget where they're "going" after spending some time...

Former Obama Pastor in Church Power Battle

Refusing to relinquish leadership

(Newser) - Barack Obama's former Chicago church is in turmoil over a battle to retain power by firebrand preacher Rev. Jeremiah Wright, Time reports. A rift has opened between Wright, who was supposed to retire from the church he nurtured for 36 years, and his hand-picked successor, whose qualifications he's now questioning.

Is This a Joke? Brooks Leaving Movie Biz

Quietly closes movie production company

(Newser) - Are Mel Brooks' days in Hollywood over? The comic king is quietly closing his Brooksfilms, the New York Post reports. He founded the LA-based production company in 1980 to produce more serious films such as The Elephant Man but also put out classics such as Spaceballs. Brooks, who turns 82...

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