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Keyword: retirement

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  • Growing List of Republicans Saying Goodbye to Washington (Boehner/Ryan yes men)

    11/12/2017 6:30:34 AM PST · by cotton1706 · 35 replies
    WASHINGTON — A growing number of House Republicans are choosing to voluntarily drain the swamp one year ahead of the the midterm elections. Nearly two dozen congressional Republicans have so far announced they will not be running for re-election, leaving Democrats enthusiastic about the potential for major gains in the 2018 elections. Nine Republicans are running for a different elected position, while 12 are retiring. And while Congressional retirements are common (on average, 22 House members retire each cycle, according to a CQ Roll Call analysis), the numbers so far are glaringly one-sided. Just two Democratic House members have announced...
  • Many older Americans are living a desperate, nomadic life

    11/10/2017 7:15:03 AM PST · by huldah1776 · 154 replies
    Market Watch ^ | Nov 7, 2017 | RICHARD EISENBERG
    In her powerful new book, “Nomadland,” award-winning journalist Jessica Bruder reveals the dark, depressing and sometimes physically painful life of a tribe of men and women in their 50s and 60s who are — as the subtitle says — “surviving America in the twenty-first century.” Not quite homeless, they are “houseless,” living in secondhand RVs, trailers and vans and driving from one location to another to pick up seasonal low-wage jobs, if they can get them, with little or no benefits. The “workamper” jobs range from helping harvest sugar beets to flipping burgers at baseball spring training games to Amazon’s...
  • House Judiciary chairman announces retirement

    11/09/2017 8:57:58 AM PST · by Red Badger · 22 replies
    thehill.com ^ | 11/09/17 10:58 AM EST | By Cristina Marcos -
    Autoplay: On | Off House Judiciary Committee Chairman Bob Goodlatte (R-Va.) said Thursday that he will not seek reelection, becoming the latest in a string of GOP lawmaker retirements. Goodlatte, 65, is the third term-limited House committee chairman to announce his plans to leave the chamber within the last week. "With my time as Chairman of the Judiciary Committee ending in December 2018, this is a natural stepping-off point and an opportunity to begin a new chapter of my career and spend more time with my family, particularly my granddaughters," Goodlatte said in a letter to supporters.
  • This is why you shouldn’t count on Social Security: It was Meant as a Last Resort

    10/28/2017 3:57:33 PM PDT · by SeekAndFind · 191 replies
    MarketWatch ^ | 10/28/2017 | Alessandra Malito
    Many Americans rely on Social Security benefits to see them through retirement, but how much should they really be depending on those checks? Not very much, experts said. Social Security is not being used as it was intended, said Ric Edelman, executive chairman and co-founder of Edelman Financial Services in Fairfax, Va. and author of “The Truth about Your Future.” When Congress and President Franklin D. Roosevelt created the system in 1933, the program was designed to be a safety net for Americans — for those who had no financial support. Now, “a great many Americans are relying heavily on...
  • There’s talk of capping 401(k) contributions at $2,400 per year

    10/20/2017 12:01:10 PM PDT · by NohSpinZone · 24 replies
    MarketWatch ^ | 10/20/17 | Anne Tergesen
    Proposals floating around Washington to cap the amount that Americans can contribute before taxes to 401(k) plans and individual retirement accounts are unsettling professionals in the retirement industry. Republicans are looking for ways to generate revenue to support broad reductions in individual tax rates. One idea is to limit the amount of pretax money households can sock away for retirement saving. Such a move would likely generate significant political blowback but it hasn’t been explicitly ruled out, stirring worry among industry lobbyists.
  • It Would Take A 50% Hike in Income Tax to Fund Our Current Deficit

    10/14/2017 12:24:49 PM PDT · by SeekAndFind · 21 replies
    Mauldin Economics ^ | 10/13/2017 | BY JOHN MAULDIN
    Authored by John Mauldin via MauldinEconomics.com,The projected total US debt will be $30 trillion within 10 years, using the CBO’s own numbers. But the CBO also makes the rosy assumptions that there will be no recessions and that GDP will grow at a 4% nominal rate.Now, that’s possible; I'm inclined to haircut it a bit.If you asked me to bet the “over/under” on the debt in 2027, I would bet the over at $35 trillion.After the next recession the deficit will be $30 trillion within 4–5 years and then grow from there at a rate of anywhere from $1.5...
  • One-third of retirees end up getting full-time jobs

    10/10/2017 9:19:19 PM PDT · by 2ndDivisionVet · 37 replies
    Yahoo! Finance ^ | October 10, 2017 | Nicole Sinclair
    One-third of those who retire actually come back to the labor market and take another full-time job, according to Deutsche Bank’s Torsten Slřk. This “reverse retirement” rate is higher for workers in the highest and lowest income quintiles, as shown in the chart below. “Retirees either come back because they need more income (lowest income quintile) or they come back because the opportunity costs of staying at home are too high (highest income quintile),” Slřk explained....
  • James Woods retires from acting after saying he's blacklisted because he's conservative

    10/07/2017 5:41:23 PM PDT · by ButThreeLeftsDo · 106 replies
    FoxNews.com ^ | 10/7/17 | Fox News/AP
    Just weeks after James Woods said he was blacklisted in Hollywood because of his conservative views, the Oscar-nominated actor said he was retiring from the industry. Woods tweeted this summer that he had “accepted the fact that” he was blacklisted from Hollywood because of his views. He has said being conservative has made it tough to find work in Hollywood the past few years.
  • Clinton: 'I Am Done With Being a Candidate'

    09/10/2017 9:01:20 AM PDT · by Zakeet · 79 replies
    Washington Free Beacon ^ | September 10 2017 | David Rutz
    Hillary Clinton said in an interview airing Sunday that her career as a political candidate is over, adding she was not finished with politics because "our country's future is at stake." In an interview on the CBS program "Sunday Morning," Clinton declared she would remain active but that she was "done with being a candidate." "Is your political career over?" CBS anchor Jane Pauley asked. "Yes. As an active politician, it's over," Clinton said. "You will never be a candidate for office—" Pauley started. "I am done with being a candidate, but I am not done with politics, because I...
  • New Research Confirms: No Crisis for Today's Retirees

    08/02/2017 10:40:24 AM PDT · by SeekAndFind · 6 replies
    Forbes ^ | 08/02/2017 | Andrew Biggs
    There’s nothing so classy as a policy wonk reveling in vindication. And I’m nothing if not classy. But there’s a bigger purpose to be served. What I – and more importantly, my co-author Syl Scheiber – were vindicated about is a 2014 Wall Street Journal op-ed arguing that perceptions of a “retirement crisis” are in part driven by bad data. Specifically, the Census Bureau’s Current Population Survey (CPS) is very poor at measuring the incomes that Americans derive from private retirement plans, including IRAs, 401(k)s and lump sum distributions from traditional pensions. As a result, retirees look poorer and more...
  • A Plan to Save Social Security: Simple and Workable

    07/25/2017 7:05:59 PM PDT · by SeekAndFind · 38 replies
    Townhall ^ | 07/25/2017 | Cal Thomas
    It is no secret that what the major media seem to care most about is radically different from what concerns average Americans. While the inside the Beltway crowd continues to focus on alleged collusion between President Trump and Russia, real concerns like the future of Social Security are ignored.The Social Security Board of Trustees, a six-member panel who serve the federal government by offering a short-term and long-range forecast on the health of the Social Security program, has issued a new report, which says that while the retirement program will be "cash flow positive" through 2021, it is still in...
  • Hits on federal retirement advance as bill is introduced to fire feds for ‘no cause at all’

    07/21/2017 7:52:09 AM PDT · by freedumb2003 · 68 replies
    Washington ComPost ^ | 7/21/2017 | Joe Davidson
    House Republicans greeted current and future federal employees with two controversial body blows in recent days — one amounts to a pay cut and the other would allow new feds to be fired for “no cause at all.” The House Budget Committee approved a spending plan that would save the government $163.5 billion over 10 years by taking that amount from federal employees. (snip) Republicans call their plan “Building a Better America.” But the Americans now working to build a better country through their federal jobs would be called on to sacrifice again, as they have repeatedly over the years....
  • Expat retirees enjoy a life reminiscent of an earlier time

    07/17/2017 12:46:44 PM PDT · by where's_the_Outrage? · 74 replies
    NextAvenue.org ^ | July 17, 2017 | Chuck Bolotin
    This article is reprinted by permission from NextAvenue.org. I’m seeing a yearning of many people around my age to return to a simpler time, like when we were growing up. My evidence: the hundreds of interviews I’ve done for Best Places in the World to Retire and the studies we did in which we asked expats about their lives abroad. Interestingly, many Americans and Canadians have not only moved abroad partly to search for a life reminiscent of an earlier time, but quite a few tell me that they’ve found it — and in some very unlikely places, including Mexico,...
  • To Retire Early or Not To Be, That Is the (Vanity)

    07/14/2017 3:48:57 PM PDT · by Eagles Field · 89 replies
    Apprehension | 7-14-17 | Eagles Field
    Approaching 63 early next year I’m seriously considering retiring. Still plan to work, 3 day weekends every week. In ’17 you could make around 20K, after that they would take a dollar off funds for every $2 made over ... apparently that figure will go up in ’18. Naturally the apprehension is giving up 20% for the rest of my life but I have a small pension which evens it out. But money lost nevertheless. What price is wrong for a better quality of life and precious time? Did you retire early and regret it or not and wish you...
  • Supreme Court Justice Ruth Bader Ginsburg Fails to Retire, Again; Also, Anthony Kennedy

    06/27/2017 8:04:21 PM PDT · by MilesVeritatis · 103 replies
    Breitbart ^ | June 26, 2017 | JOEL B. POLLAK
    Supreme Court Justice Ruth Bader Ginsburg declined to announce her retirement, once again, on the last day of the session on Monday. Also, Justice Anthony Kennedy declined to his announce his retirement, though he could do so over the summer. The 84-year-old Ginsburg — the “Notorious R.B.G.,” to her fans — has been on the Court since 1993, when she was appointed by President Bill Clinton. Since then, she has been a reliable liberal vote for 24 years....
  • Is $1 million really enough to fund your retirement?

    06/26/2017 7:45:52 AM PDT · by SeekAndFind · 149 replies
    The Motley Fool via USA Today ^ | 06/26/2017 | Wendy Connick, The Motley Fool
    <p>A million dollars is a lot of money, isn't it? Not when you're looking to finance your entire retirement. If you've got $1 million tucked away in your retirement savings by the time you're ready to retire, you won't starve, but you may not be able to live out your dreams either.</p>
  • Report: Justice Kennedy Contemplating Retirement

    06/24/2017 4:51:20 PM PDT · by jazusamo · 83 replies
    PJ Media ^ | June 24, 2017 | Rick Moran
    The Supreme Court announced on Friday that it will publish its final rulings for this term on Monday. Some significant cases, including the possibility the court will hand down a decision on the legality of President Trump's travel ban, will be decided. But Washington is rife with rumors and speculation about the future of Justice Anthony Kennedy and whether or not he will retire after the term. Kennedy is 80 years old and said to be seriously considering the idea of stepping down. If he did, it would set off the mother of all confirmation battles. Kennedy has been...
  • Anthony Kennedy retirement watch at a fever pitch

    06/24/2017 11:31:23 AM PDT · by Innovative · 112 replies
    CNN ^ | June 24, 2017 | Ariane de Vogue
    Justice Anthony Kennedy, the man who so often determines the outcome of the most controversial Supreme Court cases, is himself the center of brewing speculation. Will he stay or will he go? The rumors have swirled for months and the 80-year-old justice has done nothing either personally or though intermediaries to set the record straight on whether he will step down.
  • Justice Anthony Kennedy To Retire As Early as Monday (Report)(Wishful Thinking?)

    06/24/2017 3:24:29 AM PDT · by SMGFan · 59 replies
    Now, NBC News pundit and MSNBC host Christopher Hayes has announced there’s a strong chance Justice Antony Kennedy will retire on Monday. A liberal, Hayes believes the moves is the end of Roe v. Wade, the disasterous pro-abortion Supreme Court Case: Trump campaign insider Roger Stone confirmed that he’s hearing the rumors, too:
  • Most millennials are hoping to retire early, but only a fraction are doing what it takes

    06/09/2017 12:07:40 PM PDT · by CorporateStepsister · 50 replies
    MSN Money ^ | June 9 2017 | Tanza Loudenback
    According to a poll from our partner, MSN, 67% of American millennials (aged 18 to 29) want to quit the working world at or before age 65. The current full retirement age, meaning the age at which Social Security benefits fully kick in, is 67 for those born in 1960 or later. MSN polls its readers, and then uses machine learning to model how a representative sample of the US would have responded, using big data, such as the Census. It's nearly as accurate as a traditional, scientific survey.