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Keyword: retirement

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  • Looking for Input from Freepers on Retirement Accounts

    04/25/2017 7:36:12 AM PDT · by Alberta's Child · 33 replies
    Self | April 25, 2017 | Alberta's Child
    Sorry for the vanity, but I'm dealing with a financial situation that is apparently a very unusual one and isn't easily addressed through traditional means. Long story short ... I'm looking into some options for opening a self-directed IRA (which is different from a self-managed IRA). The tax rules about these accounts are complicated, but I've determined that I can navigate them with minimal outside help. The issue I'm facing is that the IRS requires a third-party custodian to be involved in the process to file the necessary paperwork and annual tax forms. For the life of me, I cannot...
  • Here's how much the average family in their 50s has saved for retirement

    04/22/2017 11:01:48 AM PDT · by SeekAndFind · 117 replies
    CNBC ^ | 04/22/2017 | Kathleen Elkins
    By age 50, your golden years are just around the corner. To be financially ready to retire by 67, retirement-plan provider Fidelity Investments says you should aim to have eight times your salary saved by age 60. Are Americans on track? According to a report from the Economic Policy Institute (EPI), many Americans have some catching up to do. The mean retirement savings of a family between 50 and 55 years old is $124,831. For families with members between 56 and 61, the mean retirement savings is $163,577. But those numbers aren't representative of the state of American retirement....
  • Pope is planning to retire, say allies – but only once he’s appointed enough liberal cardinals

    04/21/2017 7:27:13 AM PDT · by NRx · 12 replies
    The Spectator ^ | 04-21-2017 | Damian Thompson
    Allies of Pope Francis are saying that he’s planning to follow the example of Benedict XVI and retire. But he’ll only do so once he’s appointed enough liberal cardinals to make sure that the next conclave doesn’t elected a conservative who will interpret Catholic doctrine more strictly than he does. This, at least, is what allies of the Pope have been telling colleagues – claiming that they’ve heard it from the pontiff himself. (Francis himself is a notorious chatterbox and so are some of the cardinals close to him.) The Pope, now 80, apparently wants to hold three more consistories...
  • Jobs That Retirees Can Do From Home

    04/20/2017 11:56:42 AM PDT · by 2ndDivisionVet · 60 replies
    Zing! by Quicken Loans ^ | April 20, 2017 | Kathryn W.
    You’ve hung up your work wardrobe and permanently disabled your alarm clock, but a person can only watch so many reruns and weed so many flowerbeds. Taking on a post-retirement job isn’t just about filling the hours, though. The average retirement lasts about 18 years, and only about 5% of people have adequate savings to sustain them after age 65. If you’re not part of that group, finding a work-from-home job can help you build up your savings, cover the bills that Social Security doesn’t meet or finance the travel you’ve dreamed of doing. That being said, you’ve earned a...
  • Advice for Seniors

    04/10/2017 4:52:51 AM PDT · by sodpoodle · 43 replies
    unnown | 4/10/2017 | self
    Where to Retire.
  • EPA staffer bravely quits job in defiance of Trump… sort of

    04/08/2017 3:25:43 PM PDT · by Kaslin · 51 replies
    Hot Air.com ^ | April 8, 2017 | JAZZ SHAW
    Remember those surveys which showed that up to one third of federal workers were thinking of quitting their jobs as soon as Donald Trump was sworn in as the nation’s 45th president? More than a few of them were obviously workers at the Environmental Protection Agency (EPA), where the media mournfully reported that workers were “coming to work in tears” over what was to become of their beloved agency. But for all of the angst and bluster showing up in the press we weren’t actually seeing many (if any) people making good on their promise. That is… until now. We’ve...
  • Thanks, travelers, for a decade-long conversation

    04/06/2017 5:35:02 AM PDT · by Tolerance Sucks Rocks · 8 replies
    The Washington Post ^ | April 5, 2017 | Robert Thomson
    As I retire, I want to devote my last column to travelers who wrote in to discuss their tips and travails. Some wanted to get something fixed. Some just wanted to vent. All were welcome. Dear Dr. Gridlock: I’m not a commuter, but I have a real gridlock problem. When people in a left lane don’t pull up to the vehicle in front of them, they block the ability of people trying to turn left from accessing the left-turn lane. I can’t even count how many times I’ve missed the left green arrow because of this. It seems that if...
  • After explaining at length why he’s running again, Waxman abruptly announces retirement

    01/30/2014 9:06:40 AM PST · by The Old Hoosier · 43 replies
    Conservative Intel ^ | 1/30/14 | David Freddoso
    ...But what’s interesting about the decision of Rep. Henry Waxman, D-Calif., is that just last month — on December 11 to be precise — he made a lengthy post on his campaign blog about why he’s running again in 2014...
  • Are Collapsing Pensions "About To Bring Hell To America"?

    03/16/2017 9:54:04 AM PDT · by Perseverando · 20 replies
    Zero Hedge ^ | March 16, 2017 | Authored by Mac Slavo via SHTFplan.com,
    The toxic dollar is bringing hell in a handbasket. Along with the student loan debt bubble and other major financial factors, the looming pensions crisis is bound to be the death of us all. Because it’s based on a future promise to pay, it has long been a benefit dangled to solve strikes and union disputes – because, in the end, it is just more debt, whether private or public. With tens of trillions in unfunded liabilities, the weight of an avalanche remains dangling over our heads. An aging population is cashing in on needed retirement benefits while the younger...
  • Nearly 600 Penn State faculty, staff voluntarily retire

    02/28/2017 6:13:11 AM PST · by BlackAdderess · 30 replies
    Philly.com ^ | February 27, 2016 | GENE J. PUSKAR
    UNIVERSITY PARK, Pa. (AP) - Nearly 600 faculty and staff have taken a voluntary retirement package from Penn State University, including more than 400 employees on the main campus. The Centre Daily Times (http://bit.ly/2mvKKvq ) reports 419 main campus employees took the offer, while 168 others did on satellite campuses. Forty-six percent of employees eligible for the early retirement took it, more than the university anticipated. Faculty 62 and older and staff 60 and older were eligible for a year's lump sum pay if they had at least 15 years' service.
  • Queen of Soul, Aretha Franklin Announces She’s Retiring This Year At Age 74, After Album Release

    02/09/2017 12:47:07 PM PST · by SeekAndFind · 24 replies
    US Magazine ^ | 02/09/2017 | Evan Real
    The Queen of Soul is hanging up her crown. Aretha Franklin revealed in a new interview that she plans to retire this year after she releases her upcoming, as-yet-untitled album. See what she had to say in the video above! Speaking to Detroit TV station WDIV Local 4 on Tuesday, February 7, the 74-year-old “Respect” singer opened up about her decision to wrap up her inimitable career, which began in January 1961 when she released her debut record, Aretha: With The Ray Bryant Combo. “I must tell you, I am retiring this year,” Franklin – who was the first woman...
  • Jeb Bush likely done with public life

    01/15/2017 3:03:40 AM PST · by Zakeet · 55 replies
    Washington Examiner ^ | January 13, 2017 | Al Weaver
    Former Florida Gov. Jeb Bush said it's unlikely that he will ever seek public office again, including the presidency, and said he wants to return to private life and his business career. Bush made the remarks while teaching a two-week course on governors at Texas A&M University. He said he is focused on his work to reform education and on his businesses, which he rejoined after his failed presidential bid concluded in February after the South Carolina Primary. "I unraveled everything I was doing to prepare for this - you don't do that lightly," Bush said. "I just think this...
  • Trump fires legendary inauguration announcer

    01/14/2017 1:27:21 PM PST · by Eleutheria5 · 27 replies
    Arutz Sheva ^ | 14/1/17 | Chana Roberts
    In an unprecedented move, President-elect Donald Trump has fired traditional inauguration announcer Charlie Brotman, replacing him with Steve Ray. Ray is a Washington, DC.-based freelance announcer, and formerly volunteered with Trump's campaign. Brotman, 88, has announced every inauguration parade since former President Dwight D. Eisenhower was sworn into office in 1957. In an interview with CTV News Channel on Thursday, Brotman said, "Devastated is a word that covers it all. Yes, I was really disappointed, to say the least... I’m asking, ‘Did I do something? Am I too old? What’s going on?" Brotman told CNN he "thought he was going...
  • Moment of Silence to memorialize Harry Reid's Departure from the Senate

    01/04/2017 8:18:17 AM PST · by Cold War Veteran - Submarines · 38 replies
    1/4/2017 | vanity
    As 2017 opens with the potential we have craved for many years, the initial milestones are being realized.
  • You have a few days left to dodge this 50 percent tax bill

    12/28/2016 3:01:42 PM PST · by Libloather · 75 replies
    MSN ^ | 12/28/16 | Kelli B. Grant
    Nearly a third of retirees are playing chicken with one of the steepest tax penalties out there — and they are running out of time. IRS rules on so-called required minimum distributions generally kick in once you reach age 70˝. For 401(k)s and other defined contribution plans, it's either when you turn 70˝. or you retire, whichever is later. If you've inherited an IRA, you might also be subject to RMDs, even if your own retirement is years away. How much you need to take is usually based on the account balance at the end of the previous year, and...
  • Farewell

    12/27/2016 4:33:57 AM PST · by Kaslin · 36 replies
    Townhall.com ^ | December 27, 2016 | Thomas Sowell
    Even the best things come to an end. After enjoying a quarter of a century of writing this column for Creators Syndicate, I have decided to stop. Age 86 is well past the usual retirement age, so the question is not why I am quitting, but why I kept at it so long. It was very fulfilling to be able to share my thoughts on the events unfolding around us, and to receive feedback from readers across the country -- even if it was impossible to answer them all. Being old-fashioned, I liked to know what the facts were...
  • The Legend Dr. Sowell Writes Final Column

    12/26/2016 7:15:49 PM PST · by nodwam · 49 replies
    Hidden Americans ^ | 12/26/2016 | Richard Saunders
    Dr. Thomas Sowell the world famous economist has decided to finally hang up the pen. He wrote in his farewell column, “Even the best things come to an end. After enjoying a quarter of a century of writing this column for Creators Syndicate, I have decided to stop. Age 86 is well past the usual retirement age, so the question is not why I am quitting, but why I kept at it so long.” Few people have had as big of an impact on economics and political theory as Dr. Sowell over the last 40 years. He received his Ph.D....
  • Farewell (Dr. Thomas Sowell retires)

    12/26/2016 11:12:14 AM PST · by jazusamo · 66 replies
    Creators Syndicate ^ | December 27, 2016 | Thomas Sowell
    Even the best things come to an end. After enjoying a quarter of a century of writing this column for Creators Syndicate, I have decided to stop. Age 86 is well past the usual retirement age, so the question is not why I am quitting, but why I kept at it so long. It was very fulfilling to be able to share my thoughts on the events unfolding around us, and to receive feedback from readers across the country — even if it was impossible to answer them all. Being old-fashioned, I liked to know what the facts were before...
  • NPR artifact Diane Rehm starved husband to death, bored millions into comas, mercifully retires

    12/26/2016 9:32:36 AM PST · by Sean_Anthony · 29 replies
    Canada Free Press ^ | 12/26/16 | Matthew Vadum
    Rehm's retirement is a Christmas gift to America National Public Radio mainstay Diane Rehm, who did Hollywood a disservice by missing her calling as a horror movie voice actor, has at long last retired after nearly four decades of boring and infantilizing helpless Washington, D.C. area taxi fares. Her retirement Dec. 23 is an early Christmas present for Americans. The fossilized crypt-keeper of taxpayer-funded NPR, a pillar of the left-wing media establishment, is beloved by wrong-thinking people across the fruited plain. She also helped starve her husband so he would die prematurely which makes her a heroic figure — a...
  • Bribes + NY State Pension Fund = Millions In Profits For Financial Companies

    12/22/2016 9:43:45 PM PST · by Brad from Tennessee · 13 replies
    Village Voice ^ | December 21, 2016 | By Nick Pinto
    Two financial firms raked in billions of dollars of business from the New York State Common Retirement Fund, the $184-billion retirement fund serving many state employees, after their agents bribed one of the pension fund's employees with cash, watches, travel, bottle-service, cocaine, strippers, prostitutes, and Paul McCartney tickets, according to indictments announced today by Preet Bharara, United States Attorney for the Southern District of New York. The two indictments announced today only cover three people: Navnoor Kang, 38, the director of fixed income and security for the $185 billion New York State Common Retirement Fund; Gregg Schonhorn, 45, the vice...