Category Archives: Retirement

Easing your way into retirement (on your own terms)

At age 60, Kathy Frederick routinely put in 50 hours a week as a hospital administrator for Scripps Health Systems in San Diego. She managed a 15-person staff, and regularly took work home on week-ends — until one day five years ago she decided enough was enough. “I wasn’t ready to retire,” says Frederick, “but after 18 years at that pace, I wanted a different challenge and more time for myself.”
Retirement advice and news – CNNMoney.com

G.M. Changes Pension Plans for Salaried Workers

The carmaker said its salaried employees would stop accumulating pension benefits later this year as the company tried to narrow a large shortfall in its retirement funds.
NYT > Retirement

New Rules for Reporting Capital Gains Kick In – Tax Tips

A new I.R.S. form for capital gains is just one change for taxpayers to keep in mind this year. Here’s a look at some of the new tax wrinkles, along with some money-saving tips.
NYT > Retirement

Fees, Poor Choices Corroding Pension Pots-Study

Failure to shop around for pension and annuity deals will deprive some Britons of up to a quarter of the income they could have secured in retirement, forcing them to work longer, a report released on Thursday shows.
NYT > Retirement

New Treasury Rules Ease Purchase of Annuity With 401(k)

New regulations are intended to make it easier for retirees to transfer money from their 401(k)s into an annuity that would guarantee payments until they die.
NYT > Retirement

American Airlines Seeks 13,000 Job Cuts

The carrier, operating in bankruptcy court, also said it sought to terminate pension plans and to cut benefits.
NYT > Retirement

Executive Pay Prompts Little Public Outrage

A British report details the growing gap in pay since 1979, but there has been relatively little public outcry over the disparity.
NYT > Retirement

BUCKS; Out of Work After 50

Bucks blog features readers’ comments on losing their jobs in their 50s and 60s and making up lost income. (M)8
NYT > Retirement

Other Orchestras Fear Paying Price for Philadelphia Pension Crisis

Philadelphia Orchestra, burdened by tens of millions of dollars in pension obligations, is pursuing bankruptcy to avoid paying for promised benefits; move is raising fears about the orchestra’s continuity of musical tradition and other orchestras in US who participate in same multiemployer pension fund are concerned they may suffer financially because of action. Photo
NYT > Retirement