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Keyword: retirement

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  • Want to retire with an extra half a million your savings? Consider moving to another state.

    04/17/2014 12:47:05 PM PDT · by Hojczyk · 13 replies
    http://www.youtube.com/watch?v=UHuXTEYqcX0 http://www.savetaxesbymoving.com A calculator
  • IRA rollover ruling stuns advisers and savers (govt changing the rules after the fact again)

    04/08/2014 3:04:48 AM PDT · by Red in Blue PA · 44 replies
    Retirement experts call it a game changer for the 50 or so million households in the U.S. that own an individual retirement account — an IRA. Uncle Sam’s Tax Court just ruled that the one-rollover-per-year rule applies to all of a taxpayer’s IRAs rather than to each IRA separately. And that ruling, say experts, is in direct conflict with IRS Publication 590, the bible for IRAs. “Industry leaders, financial advisers, and everyone else who handles IRAs are stunned,” said Denise Appleby, the editor and publisher of The IRA Authority According to Appleby, there are two ways to move money between...
  • Barbara Walters announces retirement date (Over 50 Years in the business)

    04/07/2014 5:56:07 PM PDT · by SeekAndFind · 46 replies
    Entertainment Week ^ | 04/07/2013 | Michael Idato
    ABC announced Monday that Barbara Walters’s final day co-hosting The View will be Friday, May 16. That same night, ABC will air a two-hour special at 9:00 p.m. ET highlighting her life and career. Walters announced last May that the 2013-2014 season would be her last on the daytime talk show she created in 1997. “In this business there are legends, there are icons, and then there is Barbara Walters,” said Robert A. Iger, Chairman and Chief Executive of The Walt Disney Company in a statement. “She’s a dear friend and colleague as well as someone I deeply admire, and...
  • Social Security can’t save us from the poorhouse

    04/06/2014 1:01:43 AM PDT · by wetphoenix · 95 replies
    Marketwatch ^ | April 4, 2014, 6:01 a.m. EDT
    Financial advisers for years have warned about a looming shortfall between what people have saved and what they’ll need to maintain their standard of living in retirement. And, certainly, what Americans have put away for retirement is paltry. Unless we all start saving like crazy, the pundits say, we’ll have nothing to live on during our so-called golden years. Or we’ll all have to work into our eighties — if they let us. But maybe we should look at it another way. For most Americans, Social Security will be their primary source of retirement income. Everything else — IRAs, 401(k)’s,...
  • Buh-bye, David Letterman: Nasty, bitter, left wing television host announces his retirement

    04/04/2014 8:31:48 AM PDT · by SeekAndFind · 30 replies
    American Thinker ^ | 04/04/2014 | Thomas Lifson
    Late night television talk shows have become an important part of the national political conversation, a forum for digesting news and personalities of the day. Although their individual audiences number in the single digit millions, the political quips of the hosts are recycled the following day on morning TV, radio talks shows, and the internet. The crucial low information voting bloc, in whose hands the destiny of the Republic now perilously rests, tends to favor late night shows over hard news sources. So even though it is trivial, the retirement of David Letterman, announced last night on his television show...
  • Sarah Palin on David Letterman’s Retirement: “That’s Cool!” (Video)

    04/03/2014 9:06:06 PM PDT · by Nachum · 20 replies
    The Gateway Pundit ^ | 4/3/14 | Jim Hoft
    Sarah Palin gave a thumbs up to the news today that David Letterman will retire in 2015. In 2009, David Letterman made a pregnant joke about Sarah’s then 14 year-old daughter Willow. He also joked in 2009 that Palin had a “slutty flight attendant” look. On Thursday, Sarah had this to say. “That’s cool! You know, out with the old, in with the new.”
  • David Letterman to retire in 2015

    04/03/2014 1:53:39 PM PDT · by illiac · 84 replies
    TheMargin ^ | 4/3/14 | TheMargin
    After more than 30 years of hosting late night television, David Letterman announced that he will retire in 2015 during a taping of “The Late Show” on Thursday afternoon, according to CNNMoney
  • Larry Kudlow Says Goodbye: 'I Am a Blessed Person'

    04/03/2014 7:01:12 AM PDT · by SeekAndFind · 44 replies
    NewsMax ^ | 04/03/2014 | Todd Beamon
    Larry Kudlow ended his nine-year run on his CNBC show on Friday by thanking his viewers and declaring at the end of his "Kudlow Report" program, "I am a blessed person." "Let me thank all the viewers who've stayed with me down through the years and all who have wished me well," said Kudlow, 66, fighting back tears as he continued his farewell. "I am truly grateful. … And to all of you out there, as always, thank you — and God bless you." The CNBC host, who is regular guest on "The Steve Malzberg Show" on Newsmax TV, retired...
  • Want to retire with $1 million? Here's how much you need to be saving right now

    03/25/2014 8:18:02 AM PDT · by wetphoenix
    Die Anstalt - video with English subtitles at link.
  • Want To Retire With $1 Million? Here's How Much You Need To Be Saving Right Now (Based on your age)

    03/24/2014 6:37:38 PM PDT · by SeekAndFind · 60 replies
    Business Insider ^ | 03/24/2014 | ANDY KIERSZ
    We recently pointed out that starting to save early for retirement is extremely helpful, and also a useful chart showing how much you should have saved at different stages of your career to ensure a comfortable retirement. To show how these ideas work, we figured out how much money you would have to set aside monthly, starting at different ages, and under different rates of return, to end up with $1,000,000 in savings when you are ready to retire at 65. Here is how much you would need to save each month at a 6% annual rate of return, starting...
  • Retirement: A third have less than $1,000 put away

    Found this hard to believe.
  • Larry Kudlow Retiring, Wrapping Up 'The Kudlow Report' on CNBC

    03/08/2014 11:44:09 AM PST · by SeekAndFind · 29 replies
    NewsMax ^ | 03/08/2014 | Todd Beamon
    "The Larry Kudlow Report" will end its run on CNBC later this month, the network said on Friday, with host Larry Kudlow staying on as a senior contributor. "Larry expressed his love of the network and personal pride in what had been accomplished on his program over the years but now wanted to slow down just a bit," the network's president, Mark Hoffman, told staff in a memo on Friday. "As an interviewer, he is unfailingly polite and energetic, skillfully grilling guests but always ending a segment graciously. "Larry has always brought great enthusiasm to every program and appearance," Hoffman...
  • Experts: ‘Retirement Crisis’ Concerns Might Be Overblown

    03/07/2014 7:00:22 AM PST · by SeekAndFind · 23 replies
    Pajamas Media ^ | 03/07/2014 | RODRIGO SERMEÑO
    WASHINGTON – Experts have cautioned against concerns over a retirement crisis, saying the most commonly cited measure of retirement income ignores a large portion of the money retirees receive.Recently, many pundits and policymakers have expressed much concern [1] about the U.S. retirement system. They argue that the United States is facing a crisis due to the shift over the past three decades from defined-benefit pensions to defined-contribution savings plans. They also worry Americans do not seem to save enough when they are working and in retirement their meager pension income will force them to rely on Social Security.In response,...
  • Michigan's John Dingell to Retire After Nearly 60 Years in House

    02/24/2014 7:00:04 AM PST · by SeekAndFind · 92 replies
    New York Times ^ | 02/24/2014 | By ASHLEY PARKER
    WASHINGTON — Representative John D. Dingell Jr., Democrat of Michigan, the longest serving member of Congress in history, on Monday was expected to announce that he will not seek re-election in 2014, and will leave Congress in 2015. Mr. Dingell, 87, has served in the House for more than 58 years, under 11 presidents.
  • Consider free cash from feds

    02/24/2014 2:15:42 AM PST · by Cincinatus' Wife · 21 replies
    The Pittsburg Tribue-Review ^ | February 23, 2014 | Gail MarksJarvis
    If you have a modest income, you've probably been asking yourself how you will ever be able to find the money to start saving. So here it is: Provided your income is low enough, the federal government will pay you to stash money away for your retirement — giving you as much as $1,000. The deal comes through what's known as the “saver's credit.” You can find it buried in the tax return you do each year, and if you use the free tax preparation software the government gives people with incomes below $58,000, locating the saver's credit will be...
  • Obama plan: Cut tax breaks for richest retirement savers (Camel's nose under the tent)

    02/22/2014 11:34:32 AM PST · by Red in Blue PA · 35 replies
    President Barack Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to published reports. Plus, the president wants to limit the value of all tax deductions, defined contribution exclusions and IRA deductions to 28% of income — and include an overall cap on all retirement accounts, including pensions, that could bring in $1 billion a year in new tax revenue, according to a Pensions & Investments report. Read Companies bracing for 1-2 retirement punch . According to the report,...
  • Obama plan: Cut tax breaks for richest retirement savers

    02/21/2014 1:32:19 PM PST · by stevie_d_64 · 44 replies
    Wall Street Journal (Market Watch) ^ | February 21, 2014 | Robert Powell
    President Barack Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to published reports. Plus, the president wants to limit the value of all tax deductions, defined contribution exclusions and IRA deductions to 28% of income — and include an overall cap on all retirement accounts, including pensions, that could bring in $1 billion a year in new tax revenue, according to a Pensions & Investments report. Read Companies bracing for 1-2 retirement punch . According to the report,...
  • Obama plan: Cut tax breaks for richest retirement savers

    02/21/2014 10:56:56 AM PST · by reaganaut1 · 60 replies
    Market Watch ^ | February 21, 2014 | Robert Powell
    President Barack Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to published reports. Plus, the president wants to limit the value of all tax deductions, defined contribution exclusions and IRA deductions to 28% of income — and include an overall cap on all retirement accounts, including pensions, that could bring in $1 billion a year in new tax revenue, according to a Pensions & Investments report. According to the report, the proposals are designed to direct more of...
  • The Government is After Your Retirement Accounts

    02/15/2014 7:31:31 PM PST · by Aquamarine · 30 replies
    Philadelphia Church of God The Trumpet ^ | 2/14/2014 | Robert Morley
    The president’s myRA plan tells you a lot about where the country is headed. Many Americans have virtually nothing saved for their retirement. That is a fact. President Obama emphasized this point in his State of the Union speech and proposed a dramatic solution. He wants you to trust your retirement money to the government—so you can be protected. One of the most important rules in investing is never invest in something you don’t understand. Just behind that is never invest in something just because some guy in a good suit tells you to. You work too hard to waste...
  • Obama step closer to seizing retirement accounts

    02/14/2014 5:48:59 AM PST · by SkyPilot · 65 replies
    WND ^ | 28 Jan 14 | Jerome R. Corsi
    <p>When you hear, “Hello, I’m from the federal government and I want to help you manage your retirement savings,” the best advice is to run away, as fast as you can.</p>
  • As 'Retirement Gap' Concerns Reach Across Partisan Divide, Senators Propose Savings Solutions

    02/14/2014 3:08:26 AM PST · by Cincinatus' Wife · 40 replies
    Roll Call ^ | February 12, 2014 | David Harrison
    When President Barack Obama introduced a new retirement savings plan during his State of the Union speech last month, the Republican response was uncharacteristically muted. Although Republicans were upset about the president’s new reliance on executive authority to push his agenda, they had few harsh words about the details of the retirement idea. Dubbed MyRA, Obama’s initiative is intended to allow workers who do not have access to other workplace savings plans to open an account overseen by the government that would invest in low-risk Treasury bonds. It’s a relatively modest proposal, one that would be entirely voluntary for employers...
  • Retired and broke: Social Security and the struggle to make it last

    02/13/2014 9:40:50 AM PST · by NormsRevenge · 39 replies
    Yahoo Finance ^ | 2/13/14 | Mandi Woodruff
    Over the course of their 60-year marriage, Bernard “Bernie” Karpinkski and his wife, Violet, took few chances when it came to their retirement. “From the time we were married, we started saving,” says Bernie, 89, who lives in Pueblo, Colorado. “We lived much more conservatively than most people. We had three cars our entire lives and drove them until they had close to 200,000 miles on them before we bought another. We didn’t buy our second home until we had enough saved to pay cash.” While their friends moved into bigger homes, took vacations and put their life on plastic,...
  • Prepare For When The New MyRA Becomes "TheirRA"

    02/10/2014 11:11:19 AM PST · by blam · 10 replies
    Market Oracle ^ | 2-10-2014 | Peter Krauth
    Prepare For When The New MyRA Becomes "TheirRA" Personal_Finance / Pensions & Retirement Feb 10, 2014 - 06:47 PM GMTPeter KrauthBy: Money_Morning Personal Finance Peter Krauth writes: In his recent State of the Union Address, President Obama unveiled something new: a retirement savings account to "help" Americans build a nest egg, coining it the "MyRA." Something immediately felt wrong about the proposal... but I couldn't put my finger on it. So I researched the new MyRA and found details to help you understand just how it works. But I also saw some potential dangers there that you need to prepare...
  • Prepare Now for When the New MyRA Becomes "TheirRA"

    02/10/2014 7:24:55 AM PST · by Vigilanteman · 21 replies
    Money Morning ^ | 10 February 2014 | Peter Krauth
    In his recent State of the Union Address, President Obama unveiled something new: a retirement savings account to "help" Americans build a nest egg, coining it the "MyRA." Something immediately felt wrong about the proposal... but I couldn't put my finger on it. So I researched the new MyRA and found details to help you understand just how it works. But I also saw some potential dangers there that you need to prepare for now... What MyRA Really Means Like most government programs, getting to their essence can take some sifting. So I've distilled here what I think are the...
  • AOL Blames Obamacare for Plan to Reduce Retirement Benefits

    02/08/2014 11:21:38 AM PST · by SoFloFreeper · 11 replies
    AOL Inc. blamed President Barack Obama’s health-care law for its plan to reduce its spending on contributions to employees’ 401(k) retirement plans. AOL, owner of websites such as the Huffington Post, will still match employee contributions to retirement plans up to 3 percent of their paychecks, Chief Executive Officer Tim Armstrong said. Under the new policy, it will make the matching payments in a lump sum at the end of the year, forcing employees who leave before then to forfeit the benefit, he said in an interview today on CNBC. “Obamacare is an additional $7.1 million expense for us as...
  • The shape of 401k's to come

    02/08/2014 4:26:40 AM PST · by Libloather · 33 replies
    MSN ^ | 2/07/14 | Mark Miller
    **SNIP** The biggest change will be a new emphasis on retirement readiness, rather than simply getting workers to join a plan and contribute. The idea is to focus on actual retirement outcomes, and it reflects apprehension about the large number of Americans who are approaching retirement unprepared. If that's something you're worried about, it turns out your boss shares your concern. The 2013 Retirement Confidence Survey by the Employee Benefits Research Institute (EBRI) found that just 13 percent of workers are very confident they will have enough money to live comfortably in retirement. And a 401k benchmarking survey released last...
  • Government reform group launches public pension database

    02/07/2014 6:10:38 PM PST · by Kid Shelleen · 10 replies
    Sacramento Bee ^ | 02/04/2014 | Jon Ortiz
    A conservative Southern California group has launched a public pension database that includes retirees’ names, their annual pension payments, years of service, last employer and year of retirement. ---SNIP-- A center press release announcing the database notes that nearly 100 former government employees received a quarter-million dollars or more in annual pension payments in 2012, that more than 1,700 CalPERS pensioners received at least $150,000 from the fund and that California’s two university systems paid 27,115 retired public employees pensions of $100,000 or more. “It’s indefensible,” Bucher said.
  • When George Clooney Starts Pitching Government Bonds...

    02/07/2014 12:00:24 PM PST · by Rusty0604 · 4 replies
    Zerohedge ^ | 02/07/2014 | Tyler Durden/ Simon Black
    Last week in his State of the Union address, the President of the United States laid the groundwork for a new government program he calls “MyRA”. As he explained to the American people, this program will allow US taxpayers the ability to loan their retirement savings to the federal government (which, according to POTUS, carries ZERO risk). Given that US Treasury yields fall far below the rate of inflation, this is a big win for the government, and a big loser for the poor suckers who loan them the money. The President then hit the road, touting his one-of-a-kind program....
  • The Countdown to the Nationalization of Retirement Savings Has Begun

    02/05/2014 12:30:52 PM PST · by SeekAndFind · 31 replies
    International Man ^ | 02/05/2014 | Nick Giambruno
    Simply put, the new myRA program put forward by Obama is at best a sucker's deal… or worse, it's a first step toward the nationalization of private retirement savings. (Note: If you haven't yet heard of myRA, I'd strongly suggest you read this excellent overview by my colleague Dan Steinhart.)Even before the new myRA program was announced, there had been whispers about the need for the US government to assume some risk for US retirement accounts. That's code for forced conversion of private retirement assets into government bonds.With foreigners not buying as many Treasuries and the Fed tapering, the US...
  • MyRAs - Washington's Latest Scam

    02/03/2014 4:40:09 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | February 3, 2014 | Star Parker
    The president’s annual state of the union address is another example of how dysfunctional our government in Washington has become. Article 2, section 3 of the US Constitution says that the president “shall from time to time give to the Congress Information of the State of the Union….” The president is the chief executive of our government. As chief executive, it makes sense that he report periodically about the state of affairs to the body responsible for passing laws, the Congress, so they have a sense of what needs to be done. If handled correctly, the State of the Union...
  • The trouble with Obama’s myRA plan: Retirement plan helps those with no 401(k), but not much

    02/02/2014 11:54:41 AM PST · by SeekAndFind · 18 replies
    MarketWatch ^ | 02/02/2014 | Chuck Jaffe
    Real life isn’t always a “Field of Dreams,” where “if you build it, they will come.” Instead, there are times when you build it, and they go “Ho-hum,” and mostly ignore you. So while any effort to encourage increased retirement savings among workers deserves to be applauded — arguing against increased savings is like disputing the value of parenthood and apple pie — it’s hard to see President Obama’s myRA program achieving most of its goals, because once you get past what he described during the State of the Union address, it appears to be a lot of wishful thinking....
  • Financial Advice - Vanity

    01/31/2014 8:58:25 PM PST · by Rural_Michigan · 48 replies
    I spend a lot of time browsing FR, and have noticed a lot of FReepers have a lot of knowledge/opinions pertaining to finances. There also appears to be a good number of Freepers who are about retirement age with a good conservative viewpoint. Taking into consideration current events and the steady devaluation of the dollar, my question to the experienced Freepers out there is this: Let's say you're 25, are debt free, make no car payments, earn O-2 pay and are unmarried. You don't have any retirement accounts but are apprehensive of starting an IRA or contributing to a Thrift...
  • Assembly Democrats push to shore up teachers’ retirement fund

    02/01/2014 6:20:46 AM PST · by artichokegrower · 7 replies
    Sacramento Bee ^ | Jan. 29, 2014 | Jeremy B. White
    With California facing a massive teacher pension shortfall, Assembly Speaker John A. Pérez, D-Los Angeles, unveiled an effort Wednesday he hopes would fully fund the system. An influx of revenue has allowed California to emerge from years of yawning deficits and protracted budget fights, and the pressure is mounting for the state to do something about an avalanche of liabilities that runs into the hundreds of billions.
  • Huge See, I Told You So from 2008: Democrats Try To Take Your 401(k)

    01/30/2014 5:00:06 AM PST · by EBH · 63 replies
    Rush Limbaugh ^ | 11/1/2010 | Rush Limbaugh
    RUSH: Well, now, that's fascinating you mention that, because that's the next item up in my Stack of Stuff and I talked about this weeks ago, maybe even months ago when Tom "Dung Heap" Harken proposed this. Now, before you condition Alicia, let me refer to what she's talking about. It's Mark Hemingway in the Washington Examiner: " Will the government outlaw your 401(k) plan? It seems like an absurd possibility, yet earlier this month two Democratic senators, Sen. Tom Harkin, D-Iowa, and Sen. Bernie Sanders, I-Vt., held a hearing on Capitol Hill exploring the possibility of doing exactly that....
  • Senator Harkin Proposes ‘USA’ Retirement

    01/30/2014 2:57:45 PM PST · by Rusty0604 · 39 replies
    Plan Sponsor ^ | 01/30/2014 | PlanSponsor staff
    January 30, 2014 (PLANSPONSOR.com) – Proposed legislation from Senator Tom Harkin (D-Iowa) would expand access to privately run, portable retirement plans for all workers. Harkin, chairman of the Senate Health, Education, Labor and Pensions (HELP) Committee, began scouting the idea of an auto-enrolled plan for all workers in 2012 to address the country’s growing retirement crisis "The plan would be shaped as a lifetime stream of income,” Harkin said in a press conference. Unlike 401(k) plans, there would be no lump sums and no borrowing. The assets would be annuitized at retirement age.
  • The MyRA Propaganda Begins: "A Start To A Secure Retirement" Promises Treasury Secretary

    01/30/2014 1:59:09 PM PST · by Rusty0604 · 53 replies
    Zerohedge ^ | 01/30/2014 | Tyler Durden
    You didn't think the US could at first slowly, and then all of a sudden, expropriate retirement accounts and invest them in the "no risk, guaranteed return" MyRA Ponzi scheme introduced by Obama during the State of the Union address without lots of behavior-modifying indoctrination in the "friendly press" first now did you? Sure enough, here is the first major propaganda salvo, coming from none other than the US Treasury Secretary, Jack Lew, which will be published tomorrow across the McClatchy media empire. * * * Just out from the US Treasury Department, "In an op-ed to be published in...
  • Obama pitches retirement savings options at U.S. Steel's Irvin Plant

    01/30/2014 2:57:38 AM PST · by Cincinatus' Wife · 50 replies
    Pittsburgh Tribune-Review ^ | January 29, 2014 | Mike Wereschagin
    ".......... After the tour and speech, he signed an executive order directing Treasury Secretary Jacob Lew to establish the savings bonds. Named and modeled after existing Individual Retirement Accounts or IRAs, the bonds offer tax benefits that regular savings accounts do not, don't lose value and can be withdrawn tax-free any time. “It's safe. These balances will never go down in value,” Obama said. Lew, whose agency will set up the bonds, accompanied the president, whose directive is one in a series of executive orders Obama said he's using to circumvent a divided Congress that's on pace to be the...
  • Meet myRA: Obama offers IRA plan details

    01/29/2014 12:46:58 PM PST · by tcrlaf · 141 replies
    CNNMoney ^ | 29 Jan 2014 | Jennifer Liberto
    President Obama on Tuesday offered up a new kind of "starter" retirement accounts aimed at employees of companies that don't offer such plans. Obama is calling them the "MyRA" and said he would, by executive order, direct the Treasury Department to create them. Details were scarce Tuesday night, but employees will be able to contribute part of their wages to the savings accounts, which would be backed by the U.S. government.
  • Obama to launch government-backed retirement savings program

    01/29/2014 3:12:07 AM PST · by Red in Blue PA · 101 replies
    WASHINGTON, Jan 29 (Reuters) - The Obama administration is scheduled on Wednesday to launch a retirement savings vehicle called "myRA," aimed at enrolling more Americans in a government-backed investment option. In details provided by the White House on Wednesday, the retirement savings proposal would be similar to a Roth Individual Retirement Account, but with holdings backed by the U.S. government like savings bonds. "MyRA guarantees a decent return with no risk of losing what you put in," President Barack Obama said in introducing the program on Tuesday night in his State of the Union Speech.
  • Obama Introduces MyRA: The "No Risk, Guaranteed Return" Retirement Savings Bond

    01/28/2014 8:12:10 PM PST · by Rusty0604 · 131 replies
    Zerohedge ^ | 01/28/2014 | Tyler Durden
    Earlier today we hinted at what was coming in "Obama To Unveil Treasury IRAs." Well, here it is, and it even has a catchy name. Presenting: the MyRA, and since it offers "guaranteed return and no risk" we now know where all the Fed's bond trades will go to work once QE ends. From the president: Let’s do more to help Americans save for retirement. Today, most workers don’t have a pension. A Social Security check often isn’t enough on its own. And while the stock market has doubled over the last five years, that doesn’t help folks who don’t...
  • Obamacare: Tom Coburn loses cancer doctor

    01/28/2014 10:55:00 AM PST · by afraidfortherepublic · 30 replies
    Politico ^ | 1-28-14 | Tal Kopan
    Cancer-stricken Sen. Tom Coburn revealed Tuesday that his health insurance under Obamacare doesn’t cover his oncologist, but said he still is receiving excellent care. “I’m doing well from a health standpoint, got great docs,” Coburn said on MSNBC’s “Morning Joe” on Tuesday when asked about his health. “Fortunately — even though my new coverage won’t cover my specialist — I’m going to have great care and I have a great prognosis.” The Oklahoma Republican’s spokesman confirmed to POLITICO that since the senator enrolled in his health insurance plan under Obamacare, his coverage has been reduced and he lost coverage for...
  • Obama plans executive action on jobs, retirement security

    01/28/2014 6:14:45 AM PST · by Rusty0604 · 25 replies
    Press Herald ^ | 01/26/2014 | AP
    Struggling to generate second-term momentum, President Obama will use Tuesday’s State of the Union address to announce new executive actions on job training and retirement security, while prodding a divided Congress to work harder on expanding economic mobility for middle class Americans
  • Tony Campolo to Shutter Ministry He Started 40 Years Ago [Heretic Death Watch]

    01/27/2014 8:19:56 AM PST · by fwdude · 29 replies
    Religion Today ^ | January 15, 2014 | Sarah Pulliam Bailey
    (RNS) Tony Campolo, a progressive evangelical leader who counseled President Bill Clinton through the Monica Lewinsky scandal, announced Tuesday (Jan. 14) that the organization he founded nearly 40 years ago will close on June 30. Campolo, 78, plans to retire with the closure of the Evangelical Association for the Promotion of Education, but he will continue to write and speak, with nearly 200 engagements scheduled for 2014. He said his health is fine and he wants to write one more book on how Christianity fits with the social sciences.
  • 7 reasons not to move when retiring....or to move

    01/23/2014 9:45:16 AM PST · by rstrahan · 30 replies
    US News via Yahoo ^ | 1/23/2014 | Emily Brandon
    . It might seem fun to move to a new place in retirement that has nice weather, more leisure activities or a significantly lower cost of living. But there are also many drawbacks of moving away from your friends, family and support system. Most people don't relocate in retirement, and those who do tend to move only very short distances. Just 6 percent of those age 60 and older changed residences between 2008 and 2012, and more than half of the people who traded places stayed within the same county, according to Census Bureau data. Here's why you may not...
  • Coburn's Principles

    01/21/2014 9:05:44 AM PST · by afraidfortherepublic · 6 replies
    Wall Street Journal ^ | 1-20-14 | Editorial Board
    Congress is more unpopular than ever, but some Members are better than its reputation. One of them is Tom Coburn, the Oklahoma Republican who announced on Friday that he'll leave the Senate at the end of this year. Mr. Coburn's second term doesn't officially end until 2016, but he is battling a recurrence of prostate cancer and said he felt he could "best serve my own children and grandchildren by shifting my focus elsewhere" than Congress. Mr. Coburn's tenure on Capitol Hill has been notable for his convictions on behalf of limited government combined with a determination to do more...
  • Dropping Like Flies: Third House Dem in Three Days Calls it Quits

    01/16/2014 9:44:26 AM PST · by Impala64ssa · 38 replies
    TRNN ^ | 1/16/14 | Matthew Burke
    what is viewed as a rush to the exits in the face of the Obamacare disaster and the Obama scandal machine bleeding into the 2014 mid-term elections, three prominent democrats in the U.S. Congress have announced their retirement this week. On Monday, 40-year Capitol Hill veteran and Pelosi Democrat, George Miller (D-CA) called it quits. Miller, 68, has been in the House since 1974, the year of Watergate. Miller stated that he looked “forward to one last year in Congress, fighting the good fight and then working in new venues on the issues that have inspired me.” Miller also indicated...
  • A Workable Budget Plan

    01/09/2014 1:34:33 PM PST · by RKBA Democrat · 15 replies
    Dollar Stretcher ^ | 1-9-12 | Rick Kahler
    Here's a new twist on an old New Year's Resolution: If you want to give yourself the security of financial independence, try budgeting the way many wealth accumulators do. The secret? They don't budget. Your first reaction might be, "Of course these people don't budget! They have so much money that they don't need to." That may be true for some of those who have money today, but I'm referring to people who want to remain wealthy or those who are "wealth accumulators." These are people who don't start out with money, but who build up significant wealth over time....
  • Moderate Pennsylvania GOP Rep. Gerlach to retire

    01/06/2014 12:37:35 PM PST · by amnestynone · 6 replies
    yahoo news ^ | 01/06/2013 | AP
    Pennsylvania Rep. Jim Gerlach, one of a shrinking number of Republican moderates in the U.S. House, said Monday he will retire from Congress at the end of this term. Gerlach said it's "simply time for me to move on to new challenges and to spend more time with my wife and family." The six-term congressman's decision opens up a district anchored in Philadelphia's western suburbs and rural areas on either side of Reading, as well as a coveted seat on the powerful Ways and Means Committee. Gerlach has routinely had relatively close elections, though the latest round of redistricting made...
  • Lawmakers Hear Proposals to Improve Retirement Security

    01/04/2014 6:06:03 AM PST · by Sir Napsalot · 39 replies
    PJ Media ^ | 1-3-2014 | Rodrigo Sermeño
    WASHINGTON – Experts told a Senate panel Congress should expand Social Security for the poor and encourage middle- and upper-income individuals to ramp up private savings to improve their retirement prospects. Sens. Sherrod Brown (D-Ohio) and Patrick Toomey (R-Pa.) recently held the first of a series of hearings focused on how to enhance retirement security for Americans. From 1979 to 2011, the number of private workers with retirement plans covered by defined benefit pension plans fell from 62 percent to 7 percent. At the same time, the percentage participating in defined contribution plans increased from 16 percent to 66 percent....
  • Retirement unlikely for some blue-collar Americans

    01/01/2014 5:21:20 AM PST · by gooblah · 47 replies
    Breitbart ^ | january 1 2014
    (AP) Retirement unlikely for some blue-collar Americans By EMILY WAGSTER PETTUS Associated Press Tom Edwards grew up in a family that's been cutting trees and hauling timber in the Pacific Northwest for more than a century. The Spanaway, Wash., resident says he has worked as a logger since he was a kid _ it's just what an able-bodied youngster was expected to do.