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Retirement

A collection of news and information related to Retirement published by this site and its partners.

Top Retirement Articles

Displaying items 12-22
  • New San Diego police chief will have to retire in 4 years

    New San Diego police chief will have to retire in 4 years
    SAN DIEGO — A complicating factor was revealed Thursday in Mayor-elect Kevin Faulconer's nomination of Assistant Chief Shelley Zimmerman to become the first woman in Police Department history to be chief. Zimmerman, 54, a 31-year veteran of the...
  • Detroit bankruptcy plan includes deep pension cuts

    Detroit bankruptcy plan includes deep pension cuts
    Detroit's plan to emerge from bankruptcy this year largely hinges on significant cuts to city workers' pensions and retiree health benefits — actions vehemently fought by public employee unions — as well as decreased payments to bondholders,...
  • Keep credit cards active without slipping into debt

    Dear Liz: Recently I've paid off almost $20,000 in credit card debt and am determined not to go down that path again. Because I haven't used these cards in a while, though, I'm starting to get notifications from the credit card companies that they're...
  • Detroit bankruptcy plan cuts pensions, payments to creditors

    Detroit bankruptcy plan cuts pensions, payments to creditors
    Detroit hopes to emerge from bankruptcy this year in part by significantly cutting city workers' pensions and payments to bondholders, according to a blueprint filed Friday to restructure the city's $18-billion debt. Detroit is to invest $1.5 billion...
  • No easy fix for California's teacher pension crisis

    No easy fix for California's teacher pension crisis
    WEST SACRAMENTO — When the glass-sheathed headquarters of the California teachers' pension fund opened five years ago, it was supposed to help anchor developments along the blighted riverfront on the capital's outskirts. But as Jack Ehnes, the...
  • Stocks lift 401(k)s, but many Americans are unprepared for retirement

    Stocks lift 401(k)s, but many Americans are unprepared for retirement
    Last year’s stock-market surge boosted 401(k) accounts, but millions of Americans are still likely to run short of money in retirement, according to a pair of studies released Thursday. The average 401(k) balance reached a new record of $89,300 in...
  • A shamed AOL backs off its retirement benefit cut

    A shamed AOL backs off its retirement benefit cut
    Call it a case of PR trumping HR: After days of public shaming and ridicule for his decision to cut the value of his firm's employee retirement benefit -- and his rationalization for doing so -- AOL Chairman and Chief Executive Tim Armstrong has backed...
  • Financial pointers for the 99%

    Financial pointers for the 99%
    When Liz Davidson told friends 15 years ago that she was quitting her job running a hedge fund, they thought she was misguided. Then Davidson revealed her new career plan, and they thought she was really nuts. She launched a company that gives...
  • Retirement prospects are fairly good for people with 401(k) plans

    Retirement prospects are fairly good for people with 401(k) plans
    People with access to 401(k) plans for at least 30 years will likely have enough money for a reasonably comfortable retirement. That’s the upshot of a new study measuring how Americans will fare in retirement. The combination of Social...
  • Are America's seniors secretly rich?

    Are America's seniors secretly rich?
    That's the implication of an op-ed in Thursday's Wall Street Journal, which says that figures on retiree incomes used by the Social Security Administration systematically misses as much as 60% of the income that seniors receive. That income, they say, is ...
  • Does advice of saving 10% of income for retirement still apply?

    Dear Liz: I often hear financial planners say you should save 10% of your income, but they don't go into exactly what that means. Is that 10% separate from retirement or including retirement? Does that include saving for your emergency fund? Is this...