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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...

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,...

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 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.”

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 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...

Die Anstalt - video with English subtitles at link.

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...

Found this hard to believe.

"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...

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,...

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.

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...

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,...

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,...

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 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...

<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>

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...

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,...