retirement

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World's Richest Man: 3-Day Workweek 'Will Happen'

Downside? Push retirement age to 75, says Mexican billionaire Carlos Slim

(Newser) - He's said it once and he's saying it again: Carlos Slim envisions a world where we work just three days a week and have more time for the things we enjoy. But this isn't some pipe dream. "I am sure it will happen," the Mexican...

31% of Americans Have No Savings for Retirement

That includes 1 in 5 who are near retirement age

(Newser) - Here's a scary stat for you, spotted by the Washington Post : About 1 in 5 people nearing retirement have no money for retirement. It comes from a newly released survey by the Federal Reserve of about 4,100 Americans. In total, 31% had saved no money for retirement, though...

Medicare Fund to Last Longer Than Previously Thought

Medicare gets a 4-year boost—but disability benefits are disappearing more quickly

(Newser) - If you’ve been nervously eyeing your Social Security and Medicare updates, wondering if there will be anything left or whether a viable health program will exist by the time you punch your final timecard, Uncle Sam has (some) good news: Benefits funds for Medicare are expected to last for...

World&#39;s 2nd-Richest Man Wants a 3-Day Work Week
World's 2nd-Richest Man Wants a 3-Day Work Week
in case you missed it
Jul 26, 2014 7:21 AM CDT

World's 2nd-Richest Man Wants a 3-Day Work Week

But people should work into their 70s, Carlos Slim

(Newser) - People are working too many days but not enough years, according to the world's second-richest man. Mexican telecommunications tycoon Carlos Slim says it is time for a "radical overhaul" that would result in people working just three days a week but postponing retirement until their 70s, reports the...

Cops Find Meth Lab ... in Retirement Community

Neighbors say 64-year-old kept to himself

(Newser) - Ah, retirement, the golden years when you can relax, play some golf, and cook a little meth. At least, that's allegedly what it's been like for 64-year-old Robert Short. Police pulled over the senior citizen for a routine traffic stop on Saturday night, only to discover that he...

Twitter Account About to Finish Tweeting Every Word

@everyword will send out its last tweet Saturday

(Newser) - After seven years spent tweeting every word in the English language one at a time, what was @everyword ’s most popular tweet? “Sex.” The popular Twitter feed will finally complete its task early Saturday, but until then, creator Adam Parrish is keeping the last word that will...

5 Standout Barbara Walters Interviews

Walters says goodbye to TV news after 50 years

(Newser) - When Barbara Walters signs off from The View today, it will mark her farewell to television—at least as a regular—after a 50-year career. For a woman who started out hawking dog food on camera to one that reeled in the most viewers of any single news program ever...

What It Takes to Retire at 36
 What It Takes to Retire at 36 
May 6, 2014 11:34 AM CDT

What It Takes to Retire at 36

Lawyer had no cell phone, car for most of his adult life

(Newser) - Marc Hardekopf, 37, is no Silicon Valley pioneer or pro athlete; he graduated law school $65,000 in debt. Yet he's already retired, thanks to a combination of wise, early investments and a frugal lifestyle, CBS News reports. He worked as a lawyer in New York City government, maxing...

36% Have Saved Less Than $1K for Retirement

Yet more of us are feeling secure about retirement

(Newser) - A new survey offers a look at Americans' retirement savings, and two somewhat conflicting points stand out: Some 36% of us have less than $1,000 saved for our golden years, yet a higher proportion are feeling very confident they can retire in comfort. That $1,000 doesn't factor...

MyRAs Not Enough to Fight &#39;Retirement Crisis&#39;
MyRAs Not Enough
to Fight 'Retirement Crisis'
OPINION
Jan 30, 2014 1:24 PM CST

MyRAs Not Enough to Fight 'Retirement Crisis'

President Obama's proposal is only a modest start: opinions

(Newser) - President Obama's MyRA proposal, announced at the State of the Union , is not enough to save the retirement system. At least that's the takeaway from two columns on the plan:
  • "The system is failing," write the editors at Bloomberg . Workers aren't saving enough, employers aren'
...

Henry Waxman Calls It Quits
 Henry Waxman 
 Calls It Quits 
Jan 30, 2014 11:13 AM CST

Henry Waxman Calls It Quits

Loooong-time Calif. representative won't seek re-election

(Newser) - California Rep. Henry Waxman will not run for re-election, he announced today, ending a House career that began way back in 1975. "Forty years have gone by very quickly," the LA Democrat tells the Washington Post . "I have a great deal of satisfaction with our legislative accomplishments....

Current Grads Will Retire 12 Years Late

Thanks to student debt, study predicts new median retirement age of 73

(Newser) - Your student loans won't just cost you money, they'll cost you years of labor. A new analysis from Nerd Wallet estimates that today's graduates won't be able to retire until they're 73, a full 12 years later than the current average retirement age of 61,...

Former Oral-B VP Now Flipping Burgers

 Former Oral-B VP 
 Now Flipping Burgers 
retirement crisis
Sep 24, 2013 10:44 AM CDT

Former Oral-B VP Now Flipping Burgers

Tom Palome didn't save enough for retirement; neither do many others

(Newser) - That people aren't saving enough for retirement is not exactly breaking news. But Bloomberg tells the story in terms that truly resonate. Tom Palome, 77, used to be a VP at Oral-B, making a six-figure salary. But like many middle-class retirees, he didn't save much for retirement, and...

California Chickens Flown East—for Retirement

Donor saves 1.2K from slaughterhouse

(Newser) - Their egg-laying days behind them, some 1,200 Northern California chickens are heading for a cozy retirement on the East Coast, where they will live outside of cages and have plenty of room to spread their wings. The Sacramento Bee reports that an anonymous $50,000 donation is funding Operation...

Microsoft's Steve Ballmer to Retire; Stock Surges

Tech giant doesn't announce his successor

(Newser) - It's probably a bad sign when investors react to news of your CEO's departure by buying like crazy. Microsoft dropped a bombshell this morning by announcing that Steve Ballmer would retire within 12 months, the AP reports. The company gave no indication of who might succeed the longtime...

Jason Kidd Hanging Up His Sneakers

40-year-old Knicks vet announces retirement after 19 NBA seasons

(Newser) - Veteran NBA player Jason Kidd announced his retirement today, after playing 19 NBA seasons. "I think it is the right time," the 40-year-old Knicks point guard told ESPN . "When you think about 19 years, it has been a heckuva ride. Physically, I want to be able to...

57% of US Workers Have Less Than $25K in Savings

New survey suggests retirement trouble looms for nation

(Newser) - The Wall Street Journal points to a double-whammy in terms of retirement savings: People aren't saving enough, and they're living longer. Among the depressing nuggets from a new survey by the Employee Benefit Research Institute:
  • 28% of Americans don't think they'll be able to retire comfortably,
...

Nebraska GOP Senator to Retire

He's one of only two Republicans backing Chuck Hagel

(Newser) - Nebraska Sen. Mike Johanns has informed his state's governor that he doesn't intend to run for re-election next year, sources tell NBC News . Johanns is notable as the man who replaced Chuck Hagel in the Senate—and is now one of only two Senate Republicans publicly backing his...

401(k)s Aren&#39;t Working
 401(k)s Aren't Working 
OPINION
Feb 6, 2013 12:05 PM CST

401(k)s Aren't Working

Nation's 'grand experiment' has been an alarming failure: Duncan Black

(Newser) - We're just now seeing the results of the nation's "grand experiment" with 401(k) plans as the first generation of workers to embrace the concept reaches retirement age. The results are "truly alarming," writes Duncan Black in USA Today . Many people don't have nearly enough...

Most Middle-Aged Americans Plan to Delay Retirement

It's a sharp increase from just a few years ago

(Newser) - The Wall Street Journal notes a telling statistic in a new study: Nearly two-thirds of Americans age 45 to 60 say they will have to delay retirement, a jump from 42% in only two years. The pessimism comes despite a rebounding stock market, rising home prices, and a general uptick...

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