Keyword: retirement

Brevity: Headers | « Text »
  • Let a Hundred Coburns Bloom: Retiring Oklahoma senator knew how to fix what’s wrong with America.

    12/18/2014 6:56:30 AM PST · by SeekAndFind · 3 replies
    National Review ^ | 12/18/2014 | Mike Brake
    Here in Oklahoma, the news that Senator Tom Coburn will be retiring early from his second term has still not entirely settled in with most folks. For ten years we awoke each day knowing that our state’s voice in Washington would be one of principled reason and absolute integrity. It’s not that our other senator, Jim Inhofe, or our House members, like Tom Cole and Frank Lucas, are lacking. They are all solid conservatives, as is former congressman James Lankford, whom we elected in November to replace Coburn in the Senate. But as conservatives across the nation have recognized for...
  • Is This the End of Michele Bachmann?

    12/14/2014 12:36:41 PM PST · by SeekAndFind · 59 replies
    Politico ^ | 12/14/2014 | By MELINDA HENNEBERGER
    hould anyone have been surprised that Michele Bachmann would go out with a bang, a big bang? On Tuesday, in what the retiring congresswoman from Minnesota figured would be her last White House holiday party, Bachmann used the grip-and-grin moment when she got her picture taken with President Obama to raise a reliably grin-killing topic. “The U.S. needs to take out Iran’s nuclear facilities today,” she informed him. His response? “A condescending smile and laugh,” she tells Politico, making a little pat-on-the-head gesture. “‘Michele, it isn’t that easy, but that’s OK,’” she remembers him telling her. To which the gentlelady...
  • California quake: Up-and-comers are already jockeying ahead of Sen. Boxer's possible retirement.

    12/08/2014 10:29:19 AM PST · by SeekAndFind · 23 replies
    Politico ^ | 12/08/2014 | By ALEX ISENSTADT
    A parade of ambitious California public figures, who’ve spent years itching for a shot at the state’s top political offices, are anticipating a shake-up of the state’s political hierarchy that could begin in a matter of weeks with the possible retirement of Democratic Sen. Barbara Boxer. And some big names — including the mayor of Los Angeles — are already sizing up possible bids to succeed her. Sources close to Boxer, 74, say the outspoken liberal senator will decide over the holidays whether to seek reelection in 2016 and will announce her plans shortly after the new year. Few of...
  • Retirement Warrants Intense Research To Find The Right Place To Settle

    12/01/2014 6:21:06 AM PST · by Iron Munro · 78 replies
    Tampa BayTimes ^ | November 30, 2014
    More than 10 years ago, Barbara Zierten and her husband retired to a small town in California's scenic "gold country," in the Sierra Nevada foothills. "It's beautiful here," said Zierten, 73, explaining the attraction of the area east of San Francisco. They also were on a tight budget and reasoned that a small town would be cheaper. But as time has passed, they have decided the area isn't an ideal fit. For one thing, the library is open only part time. "I'm a reader," she said. "So it's frustrating." And a bad experience with a hospital has led her to...
  • Seasonal Workers on Wheels: A Growing, Graying Wave of Employees

    11/13/2014 8:35:52 PM PST · by TurboZamboni · 14 replies
    KSTP ^ | 11-13-14 | Beth McDonough
    Every day, 170 Minnesotans turn 65. It's supposed to be the beginning of retirement. But for many, 65 is just another birthday. Although they're old enough to retire, they can't afford to. So every year in the fall, thousands come to work in Minnesota. For them, the sugar beet harvest is a lifesaver. Although it's seasonal and short-term work, it's a paycheck. The sugar beet harvest starts at the end of September and runs for a few weeks. The work involves a lot of heavy lifting and the pay is pretty good. The starting wage is $12 an hour. The...
  • NYPD’s highest ranking black official quits

    10/31/2014 2:02:19 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Oct 31, 2014 3:19 PM EDT | Colleen Long
    The NYPD’s highest-ranking black official abruptly quit Friday instead of taking a new post, a surprising move that caught city officials off guard at a time when the department is trying to mend relationships with minority communities.Chief Philip Banks III was to have been named first deputy commissioner, second in command at the nation’s largest police force. Commissioner William Bratton already had announced the change and Banks was to have been promoted Monday. Instead, he will retire. It wasn’t clear why Banks changed his mind, and Bratton cited only “personal and professional factors.” …
  • Retiree Mental Fitness Evaluation

    10/29/2014 11:04:06 AM PDT · by The Looking Spoon · 11 replies
    CRASHR ^ | 10-29-14 | The Looking Spoon
    I don't nomally take email forwards and post them, but this one made me chuckle and is kind of fun... I actually got a couple of them right.----------This test is to ascertain your mental state now. If you get one right you are doing ok, if you get none right you better go for counseling. There are 4 test questions.  Don't miss one. Giraffe Test 1...    How do you put a giraffe into a refrigerator? Stop and think about it and decide on your answer before you scroll down.          The correct answer: Open the refrigerator, put in the giraffe, and close the door.This question tests whether you...
  • Government Gold-Plating

    10/26/2014 11:44:43 PM PDT · by afraidfortherepublic · 4 replies
    The Cato Institute ^ | 10-24-14 | Steven Hanke
    Sen. Tom Coburn (R-OK) released his annual Wastebook this past week. It contains a laundry list of doozies. The U.S. government’s gold-plating operations included $190,000 to study compost digested by worms, $297 million for the purchase of an unused mega blimp, and $1 million on a Virginia bus stop where only 15 people can huddle under a half-baked roof. These questionable (read: absurd) expenditures only represent the tip of the iceberg. Just consider the following: the Speaker of the House currently receives an annual salary of $223,500, and will receive a payment of roughly that amount, depending on the years...
  • Caveat, investor: Now feds want a bite of your mutual fund

    10/02/2014 5:59:33 PM PDT · by TurboZamboni · 16 replies
    The Citizen ^ | 9-4-14 | Paul S. Atkins
    To oversee this process, Dodd-Frank created the Financial Stability Oversight Council (FSOC), made up of the heads of the financial services regulatory agencies. The council claims very broad power to designate certain activities (like asset management) or companies and products (including mutual funds) as systemically important and subject them to Federal Reserve bank-style regulation, including leverage and capital requirements. And the council is doing just that – first with banks, then insurance companies and now, potentially, mutual funds. President Obama’s “independent” insurance expert on the council issued a blistering dissent when it designated Prudential – the nation’s second-largest life insurer...
  • Larry Ellison to Step Aside as Oracle CEO

    09/18/2014 2:35:48 PM PDT · by beaversmom · 11 replies
    Wall Street Journal ^ | September 18, 2014 | Shira Ovide
    Larry Ellison, a college dropout who built Oracle Corp. ORCL +1.00% into one of America's largest companies, is stepping down as chief executive, in one of the momentous corporate handovers in the history of Silicon Valley. Mr. Ellison, aged 70, has been the only CEO in the history of Oracle, which he founded in 1977 and turned into a dominant seller of database software with a market value of $182 billion. Oracle shares fell 2% in after-hours trading following the CEO news and the company's disappointing quarterly results. Mark Hurd, 57, and Safra Catz, 52, two of Mr. Ellison's deputies,...
  • Pennsylvania Living

    08/31/2014 6:06:00 AM PDT · by bboop · 37 replies
    self | August 31, 2014 | self
    So - our son, his wife, and their one-year old are in the Princeton, NJ area. We are in Los Angeles. Those of you with grandchildren will know - this is TOO FAR! We are considering relocating, but not to NJ. Taxes, etc. :( Husband is hydrogeologist, so we think we'll be near consulting/ big city/ Philly perhaps. Does anyone know - Bucks County, Chester County (Montgomery County) ? Places to live that are not too far from work/ job centers? And still within Grandma Distance of Princeton?
  • 36% of adults lack retirement savings -- 14% of them 65 or over

    08/18/2014 12:13:58 PM PDT · by SeekAndFind · 57 replies
    Los Angeles Times ^ | 08/18/2014 | By JIM PUZZANGHERA
    More than a third of American adults have no retirement savings, including 14% of those 65 years of age or older, according to a new study released Monday. The low savings rate for people at or approaching retirement age is alarming, said Greg McBride, chief financial analyst for Bankrate.com, which conducted the survey. About a quarter -- 26% -- of those age 50 to 64 haven't started saving for retirement, the survey said; the figure was 33% of people who are 30- to 49-years-old. Overall, 36% of those 18 years or older have not started saving for retirement, according to...
  • We're Relying on Phantom Wealth to Fund Our Retirement

    08/17/2014 11:04:09 AM PDT · by Lorianne · 58 replies
    Of Two Minds ^ | 13 August 2014 | Charles Hugh Smith
    Phantom wealth cannot possibly fund unprecedented retirement and healthcare promises. The narrative that Social Security, Medicare and pension funds invested in stocks and bonds can fund the retirement of 65 million people is a misleading fantasy. The sad reality is we can't fund the enormous expense of retirement/healthcare for 20% of the populace out of our national earned income, and the savings that have been set aside are either fictitious (the Social Security Trust Fund) or based on phantom wealth created by speculative asset bubbles in stocks, bonds and real estate. I explain the fraud of the Social Security Trust...
  • Almost 20 percent of people near retirement age have no retirement savings

    08/08/2014 8:25:21 PM PDT · by SeekAndFind · 53 replies
    Washington Post ^ | 08/08/2014 | By Jonnelle Marte
    One in five people who are near retirement age have zero money saved. Yes, you read that correctly. The sobering statistic was one of many released by the Federal Reserve on Thursday as part of its report on the economic well-being of U.S. households, which surveyed more than 4,100 people online last year between mid-September and early October. The study offered a stark reminder that as more Americans are made responsible for their own retirement, most are not saving nearly enough. Overall, 31 percent of people said they have zero money saved for retirement and do not have a pension....
  • 5 reasons not to retire in the U.S.: Number of retirees overseas has more than doubled in 10 years

    08/08/2014 5:22:04 AM PDT · by SeekAndFind · 31 replies
    MarketWatch ^ | 08/08/2014 | By Quentin Fottrell,
    More than half a million retirees receive their Social Security benefits abroad, according to International Living , a monthly newsletter focusing on retiring overseas. The Social Security Administration currently sends 613,650 retirement-benefit payments outside the U.S., more than double the 242,128 benefit payments sent abroad in 2002. And even that data likely under-represents the actual number of Americans retired overseas, says Dan Prescher, 60, special projects editor of the newsletter. (International Living gets much of its financial support from advertisers who sell overseas real estate to retirees, and other services for those wishing to relocate.) “San Diego has some of...
  • Give Low Income Americans Exit Option From Social Security

    07/28/2014 6:09:25 AM PDT · by Kaslin · 24 replies
    Townhall.com ^ | July 28, 2014 | Star Parker
    America is supposed to be the land of the free and the home of the brave. But as we become bogged down in our many problems, I see, unfortunately, a mentality in which we are becoming increasingly a nation of the unfree – the victim – and the timid, in how we’re approaching these challenges. Ohio Republican Senator Rob Portman wrote a column this week drawing attention to the latest dire projections from the Congressional Budget Office. CBO projects the nation sinking deeper and deeper into an ocean of red ink. Under a business-as-usual scenario, the Senator notes, we’ll pile...
  • Beware All the Retirement 'Crisis' Reports

    07/23/2014 6:59:31 AM PDT · by SeekAndFind · 4 replies
    RCM ^ | 07/23/2014 | Andrew Biggs & Sylvester Schieber
    If the amount of press ink used to report a study is any indicator of its contribution to public understanding, the National Institute on Retirement Security's (NIRS) 2013 report, "The Retirement Savings Crisis: Is It Worse than We Think?" might be the gold standard on the subject of retirement security. The report concludes that 84% of Americans are falling short of reasonable retirement savings targets and, even when total net worth is considered, two-thirds are at risk of an inadequate retirement income. The total "retirement savings gap," NIRS claims, may reach $14 trillion. According to New York Times writer Nancy...
  • MAPS: The Percentage Of The Population That's Over 65 Is Going To Explode Everywhere (Charts)

    06/12/2014 8:40:43 AM PDT · by PoloSec · 20 replies
    Business Insider ^ | June 12 2014 | Mamta Badkar
    Retirement systems around the world are expected to face a significant burden in the next 50 years. The number of people over the age of 60 is expected to double from 841 million in 2013, to over 2 billion by 2050, according to the UN. What's more this has been accompanied by falling global birth rates. In fact, the global share of people over the age of 60 has gone from 9.2% in 1990, to 11.7% in 2013 and is expected to hit 21.1% in 2050, according to Bank of America's Sarbjit Nahal and Beijia Ma. The number of people...
  • Why many retired women live in poverty

    05/20/2014 9:34:42 PM PDT · by Jack Hydrazine · 113 replies
    CNN Money ^ | 13MAY2014 | Melanie Hicken
    Gender inequality doesn't end at the workplace. For many women, the gender gap haunts them well into their retirement years, when far more women find themselves living in poverty. In fact, women are almost twice as likely as men to live below the poverty line during retirement, with single and minority women struggling the most (see chart). On average, women 65 years and older rely on a median income of around $16,000 a year -- roughly $11,000 less than men of the same age, according to a Congressional analysis of Census data. And many elderly women rely exclusively on Social...
  • Reporters Call Out Carney For Spinning VA Retirement As A Resignation [VIDEO]

    05/19/2014 5:59:46 PM PDT · by Nachum · 21 replies
    Daily Caller ^ | 5/19/14 | Grae Stafford
    White House press secretary Jay Carney received a stiff rebuke at Monday’s press briefing after trying to spin the resignation of Dr. Robert Petzel, Veterans Affairs undersecretary for health, as proof of the administration’s accountability for the escalating scandal over veterans’ waiting lists. The spat began when ABC’s Jonathan Karl began questioning Carney about VA Secretary Eric Shinseki. “If this mess regarding wait times isn’t cleaned up soon, are General Shinseki’s days numbered as VA secretary?” Karl asked Carney. Carney pivoted to stress the president’s support for the VA before responding, “What the president wants is for the review and...
  • Don't Blame "Boomers" For Not Retiring - they simply can't afford to.

    05/15/2014 1:08:17 PM PDT · by SeekAndFind · 22 replies
    Street Talk Live ^ | 05/15/2014 | Lance Roberts
    Every month when the employment data is released there is an almost immediate debate that erupts over the Labor Force Participation Rate. Like any good boxing match, both sides take to their corners. Defenders argue the decline is primarily due to retiring "baby boomers" and demographic trends while opponents suggest that it is a sign that employment remains far weaker than headlines suggest.As I discussed previously, recent employment increases, while encouraging have been little more than a function of population growth. As the population grows, incremental demand increases caused by that increase in population will create employment needs in areas...
  • State of Minnesota may soon control your retirement savings

    05/15/2014 7:13:10 AM PDT · by TurboZamboni · 41 replies
    MN Freedom Foundation ^ | 5-8-14 | Jonathan Blake
    Earlier this week, House and Senate conferees agreed to final language for the Women’s Economic Security Act (WESA). While most of the attention has focused on the bill’s family and sick leave provisions, one particularly bad policy provision has attracted little attention. Specifically, WESA lays the groundwork for a “state-administered retirement savings plan” for employees in the private sector. Yes, this would essentially be a government-run retirement plan controlled by the State Board of Investment. The ramifications of such a plan could be devastating for private sector employees as well as taxpayers who would likely be on the hook for...
  • 7 Worst States for Retirement

    05/04/2014 6:18:44 PM PDT · by TurboZamboni · 52 replies
    Smart Asset ^ | 4-2-14 | Rebecca Lake
    If you’re looking to retire some place warm and sunny then Minnesota probably isn’t high on the list. Aside from experiencing some of the coldest weather in the country, Minnesota also has an above average cost of living and residents pay some of the highest property, sales and state income taxes nationwide. Seniors will find it easier to get access to quality medical care and the crime rate is relatively low but you could end up shelling out more for these perks.
  • When It Comes To Your Retirement, $2 Million May Be The New $1 Million

    04/29/2014 9:09:54 AM PDT · by SeekAndFind · 31 replies
    Business Insider ^ | 04/29/2014 | Libby Kane
    A million dollars isn't cool. You know what's cool? Two million. That's according to a recent USA Today article, which claims that having $1 million saved for retirement might not cut it. "The new $1 million may be $2 million," it says. Financial professionals explain that $1 million of retirement savings translates to $40,000-$50,000 annually once you've bowed out of the workforce. Sure, someone could live on that, but the question is: could you?
  • Average U.S. Retirement Age Rises to 62

    04/28/2014 12:14:25 PM PDT · by rightwingintelligentsia · 20 replies
    Gallup ^ | April 28, 2014 | Rebecca Riffkin
    WASHINGTON, D.C. -- The average age at which U.S. retirees report retiring is 62, the highest Gallup has found since first asking Americans this question in 1991. This age has increased in recent years, while the average age at which non-retired Americans expect to retire, 66, has largely stayed the same. However, this age too has slowly increased from 63 in 2002.
  • Government-Forced Retirement at 57?

    04/22/2014 4:10:33 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | April 22, 2014 | Chuck Norris
    These words of Thomas Jefferson's are etched under the dome of the Jefferson Memorial in Washington: "I have sworn upon the altar of God eternal hostility against every form of tyranny over the mind of man." Imagine if Jefferson had finished that thought with these words: "Unless, of course, you're 57 years old and a U.S. federal law enforcement officer." In the beginning of our republic, our Founding Fathers fought for freedom from governing tyranny, including for those who worked in government. And if a man's work ethic, health and passions allowed him to labor until his dying breath, he...
  • 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...