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Keyword: retirement

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  • Your Social Security checks could get bigger next year - Here’s how much

    09/13/2019 6:38:24 AM PDT · by zeestephen · 33 replies
    CNBC ^ | 12 September 2019 | Lorie Konish
    Social Security benefits could get a 1.6% cost-of-living adjustment in 2020, according to one new estimate. The Social Security Administration is expected to officially announce its cost-of-living adjustment in late October...Meanwhile, Medicare Part B premiums are expected to increase to $144.30 per month in 2020 from $135.50 this year, according to estimates from Medicare trustees.
  • It now costs $350K year to live a middle-class lifestyle in a big city—here’s a sad breakdown of why

    09/11/2019 4:02:49 PM PDT · by 2ndDivisionVet · 50 replies
    CNBC ^ | September 11, 2019 | Sam Dogen
    Here’s a sad reality: In order to raise a family in an expensive coastal city like San Francisco or New York, you’ve now got to make $350,000 or more a year. You can certainly live on less, but it won’t be easy if your goal is to raise a family, save for your children’s education, save for your own home and save for retirement (so you can actually retire by a reasonable age). A middle-class lifestyle is a reasonable ask. But thanks to inflation, it has gotten a lot more expensive if you want to have children. The median wealth...
  • GOP 'Texodus' and Retirement Mania Makes Retaking the House Doubtful

    09/07/2019 7:50:47 PM PDT · by SeekAndFind · 25 replies
    PJ Media ^ | 09/07/2019 | Rick Moran
    It's still more than a year before the 2020 election, but already there are 15 Republican House members who have announced their retirement.Texas has been especially hard hit. No fewer than five Texas House members are retiring after this term. At least three of those districts are up for grabs next year.Washington Examiner: “We call it the Texodus,” Austin-based Democratic strategist Colin Strother told the  Washington Examiner. “The Republican power base in Texas has got to be worried. We are excited.” Rep. Bill Flores’ announcement Tuesday that he would not seek a sixth term representing the state’s 17th District...
  • A Surprising Number Of Americans Are Retiring The Idea Of Retirement: Experience Never Gets Old

    08/29/2019 6:55:09 AM PDT · by SeekAndFind · 78 replies
    Hotair ^ | 08/29/2019 | Andrew Malcolm
    Ah, those much-anticipated halcyon days of retirement — sleeping in, golf at will, travel too, leisurely day after leisurely day. No more whining colleagues, carping bosses, endless meetings with no result, tedious commutes.Of course, few retirements turn out that way. And now a new Associated Press poll finds that for a variety of reason about a quarter of Americans have no intention of ever retiring at all.That may turn out to be unrealistic too, given the vagaries of health for senior citizens and their family members, the rapid growth of robots and automation and the ever-changing work skill sets...
  • BREAKING: Another GOP Senator Retiring At End Of 2019

    08/28/2019 4:05:43 PM PDT · by Kaslin · 40 replies
    Townhall.com ^ | August 28, 2019 | Timothy Meads
    Georgia Republican Senator Johnny Isakson announced Wednesday that he will resign from his seat at the end of 2019 due to Parkinson's disease and other medical problems. "I am leaving a job I love because my health challenges are taking their toll on me, my family and my staff,” Sen. Isakson said in a statement. "My Parkinson’s has been progressing, and I am continuing physical therapy to recover from a fall in July. In addition, this week I had surgery to remove a growth on my kidney." "After much prayer and consultation with my family and my doctors, I have...
  • Why this 63-year-old teacher ditched Massachusetts to retire in the highlands of Panama

    08/26/2019 12:43:21 PM PDT · by plain talk · 152 replies
    MarketWatch ^ | August 26, 2019 | Catey Hill
    Mary Taft lives with her two daughters, seven cats and two dogs in a mansion in Panama — and she wouldn’t have it any other way. But the former teacher and school administrator didn’t always know that a Panamanian retirement was in store for her. Indeed, as she consulted with her two adult daughters about where to move, dozens of spots were on the table. “We had this blue-sky conversation — where can we all go and live together?” the 63-year-old former Springfield, Mass., resident recalls. “Canada was out because it was too cold. We wanted the tropics because we...
  • Chicago homeowners are suffocating under pensions and property tax hikes

    08/26/2019 6:50:23 AM PDT · by C19fan · 54 replies
    Washington Examiner ^ | August 23, 2019 | Orphe Divounguy
    The nation is more than a decade past the Great Recession, and most places are seeing a strong economic recovery and improved living standards. Not in Chicago, and not in Illinois. August statistics from the National Association of Realtors noted the city and state’s real estate market has severely underperformed, a trend forecasted to continue in the third quarter of this year. While the Midwest and the nation as a whole saw a very minor dip in home sales and surging Midwest home prices, Chicago missed the wave. Home sales in the Windy City experienced a 13.3% plunge, and the...
  • Can I retire on $500K?

    08/19/2019 9:03:32 AM PDT · by freedumb2003 · 212 replies
    Me | 8/19/2019 | Me
    Can I retire on $500K? Soon to be ex-wife and I had the last of all our blow-outs. 25 years married, no kids, own the house outright, $1.7 MM (maybe 2), zero debt, 60-something. Reached out to Cordell Cordell the only law firm I know of that will take care of the man side of things. soon to be ex-wife does not work.
  • Patterns in Republican Retirements from the US Congress

    08/06/2019 6:47:39 AM PDT · by SeekAndFind · 36 replies
    American Thinker ^ | 08/06/2019 | Tiberiu Dianu
    So far, seven months into 2019, eight Republican representatives have announced retirement, six of them during the months of July and August 2019. By comparison, in 2018, 39 congressional Republicans (three U.S. senators and 23 members of the House of Representatives), together with 18 Democrats, did not run for re-election. What is going on with all these Republican retirements? One narrative has it that Republicans were retiring because they were fed up with the toxic political environment or were afraid of losing elections, but these narratives were prematurely formed or they lacked correlation.  There actually are three possible hypotheses...
  • GA State Taxes for Retirees

    07/22/2019 11:31:16 AM PDT · by aberaussie · 25 replies
    My husband and I are moving to the Chattanooga, TN, area in the near future and would like to know the experiences of others who have retired or plan to retire there. We are particularly interested in the difference in cost between buying a home in north GA versus TN. Does the exemption for retirement income make it worthwhile to choose GA over TN? We have been talking with our accountant, and we really cannot tell if the lower housing cost will balance out what we pay in state taxes. Thank you and feel free to private message me!
  • Congress must save pensions for 1.3M retirees: Fmr. House Speaker John Boehner

    07/21/2019 3:57:54 PM PDT · by Freedom56v2 · 86 replies
    Fox Business News ^ | 07/18/19 | Henry Fernandez
    Former House Speaker John Boehner and former Rep. Joe Crowley are joining forces in a bipartisan effort to combat a looming pension crisis affecting nearly 1.3 million American retirees Opens a New Window. Boehner, the Ohio Republican who retired in 2015, is part of the Retirement Security Coalition, a leading force that is raising awareness to the underfunded multiemployer benefit plans. “The job Joe and I have taken on is to try to elevate the seriousness of this problem," he told FOX Business’ Neil Cavuto Opens a New Window. on Thursday. "And Congress really does in fact need to act."...
  • Congress Is Coming for Your IRA

    07/20/2019 12:54:26 PM PDT · by BradtotheBone · 125 replies
    The Wall Street Journal ^ | July 9, 2019 7:06 pm ET | By Philip DeMuth
    Like grave robbers opening King Tut’s tomb, Congress can’t wait to get its hands on America’s retirement-account assets. The House passed the Setting Every Community Up for Retirement Enhancement Act, known by the acronym Secure, in May. The vote was 417-3. The Secure Act is widely expected to pass the Senate by unanimous consent. While ostensibly helping Americans save for retirement, the bill would actually reduce the value of all retirement savings plans: individual retirement accounts, 401(k)s, Roth IRAs, the works. The main problem with the Secure Act is that it eliminates the stretch IRA, the fixed star in the...
  • Here's When Trump Could Cut Social Security Benefits

    07/12/2019 8:00:05 AM PDT · by where's_the_Outrage? · 55 replies
    motley fool ^ | July 12, 2019 | Sean Williams
    Social Security is our nation's most successful social program -- but it's also in some pretty big trouble. According to the April-released Social Security Board of Trustees report, the program won't bring in enough revenue over the long term (the next 75 years) to cover outlays to beneficiaries, inclusive of cost-of-living adjustments. The silver lining for seniors who are dependent on Social Security as a major source of income is that the program is in no danger of disappearing or going bankrupt. Recurring sources of revenue, such as the payroll tax and the taxation of benefits, ensure that there will...
  • Insight from Experienced Investors Sought

    06/20/2019 8:22:33 AM PDT · by sonrise57 · 67 replies
    6/20/2019 | sonrise57
    I don't know if this kind of question is allowed on Free Republic, but given that we have lots of people who have created wealth for themselves on here, I am wondering about something. I came into $2000 unexpectedly and thought I would use it to learn how to invest in the stock market as an independent investor. Thankfully, if it went away tomorrow I would be fine. I opened up an account on a low-cost online brokerage. This brokerage has investment ratings--- A, B, C, D, etc. I am wondering if these have any value or are they bupkus?...
  • New House bill may change how you plan for retirement

    06/14/2019 6:28:50 AM PDT · by Diana in Wisconsin · 131 replies
    MSN 'News' ^ | June 14, 2019 | ABC 'News' Staff
    The House of Representatives recently passed a bill that may complicate retirement planning options for Americans. The House passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 on May 23. If enacted into law, it could be tricky for Americans who are not financially savvy investors. Some of the changes could benefit consumers: The law encourages more small employers to offer 401(k) plans and raises the age for required minimum distributions (RMDs) from retirement accounts to 72 from 70.5, a nod to longer life expectancies and later retirements. However, there are some changes that consumers should...
  • We Demand Dividends

    06/09/2019 7:33:10 PM PDT · by vannrox · 27 replies
    Town Hall ^ | Posted: Jun 09, 2019 12:01 AM | Gil Gutknecht
    Baby Boomers are retiring. Most are now starting to take their pensions and Social Security. The more fortunate are beginning to dip into their IRAs and 401Ks. As we reach this milestone, our views tend to harden. We are growing less tolerant. Some may call it cranky. We don’t buy a lot of the nonsense that is shoved down our throats by so many of the so called experts on television. We frequently find ourselves yelling back at them. We are even less tolerant of all the politically correct BS. As our circulation slows, we look forward to spending more...
  • Liberals are gunning for your 401(k)

    06/04/2019 7:32:41 AM PDT · by SeekAndFind · 41 replies
    American Thinker ^ | 06/04/2019 | Ken Blackwell
    Trump-hating liberal activists know how to cause trouble. With record low unemployment numbers and a thriving economy, we have seen well organized activists interrupting town halls, blocking traffic in major cities, and using violence. But there is an awful type of activism happening out there, and it affects us all. Even though this activity is underreported, it affects everyone's 401(k) retirement savings. Shareholder activists are taking direct aim at companies — such as oil companies and gun-manufacturers — by abusing rules that publicly traded companies must follow to promote a far-left agenda. Instead of trying to pass gun control laws...
  • House approves retirement reform bill that amends 401(k), IRA rules

    05/24/2019 9:48:22 AM PDT · by rintintin · 39 replies
    Fox Business ^ | May 23 2019 | Brittany De Lea
    The U.S. House of Representatives on Thursday passed a bill that aims to encourage retirement Opens a New Window. savings among Americans and strengthen their long-term financial stability Opens a New Window. . Among the provisions called for in the Setting Every Community Up for Retirement Enhancement, or Secure Act, are a couple that will increase the flexibility associated with retirement accounts. Individuals would be allowed to stash money into IRA accounts beyond the current age limit of 70 1/2. It would also delay when individuals are required to begin taking required minimum distributions to 72, from 70 1/2.
  • Bipartisan retirement bill clears House, moves closer to becoming law

    05/23/2019 10:31:42 AM PDT · by BenLurkin · 37 replies
    cnbc ^ | 05/23/2019
    Changes include: making it easier for small businesses to band together to offer 401(k) plans, requiring businesses to let long-term, part-time workers become eligible for retirement benefits and repealing the maximum age for making contributions to traditional individual retirement accounts (right now, that’s 70½). It also would raise the age when required minimum distributions, or RMDs, from certain retirement accounts must start to age 72, from 70½, along with making changes to allow more annuities to be offered in 401(k) plans. ...it will now head to the Senate, where a similar bill has yet to be voted out of committee....
  • Pence: No Early Retirement for USS Harry S. Truman

    05/01/2019 2:19:08 AM PDT · by robowombat · 13 replies
    USNI News ^ | April 30, 2019 4:05 PM • Updated: April 30, 2019 5:20 PM | Ben Werner
    Pence: No Early Retirement for USS Harry S. Truman By: Ben Werner April 30, 2019 4:05 PM • Updated: April 30, 2019 5:20 PM This post has been updated to include statements from Rep. Rob Wittman (R-Va.) and Rep. Elaine Luria (D-Va.) on the Vice President Pence’s comments. The White House budget proposal to skip a scheduled refueling of aircraft carrier USS Harry S. Truman (CVN-75) appears to have lost support in the Trump Administration, according to Vice President Mike Pence. While touring Truman Tuesday, Pence addressed the crew in the ship’s hangar bay and quickly stated the plan to...