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Retirement Headlines news IBM pledges to assure privacy of employees' genetic profile
By Steve Lohr The New York Times MONDAY, OCTOBER 10, 2005 NEW YORK As concerns grow that genetic information could become a modern tool of discrimination, IBM plans Monday to announce a new work force privacy policy. International Business Machines, a major employer and the largest technology company in the world, is promising not to use genetic information in hiring or in determining eligibility for its health care or benefits plans. Genetics policy ... Boomers pioneer a new kind of retirement
10/09/05 Patrick Lange column Boomers pioneer a new kind of retirement Even as they age, baby boomers continue reshaping modern life. From rock and roll to botox, signs of their innovative (some would say rebellious) spirit are still coursing through the American landscape. And now, it's retirement--what it looks like and how it's financed--that will never be the same. Because pensions and other employer-sponsored retirement plans are ... Saying No to Retirement
Saying No to Retirement Older CEOs plan to work past age 65. They may find that harder than they expect. Stephanie Clifford At age 64, Bob Drucker's living the dream. He and his wife live in a tidy five-bedroom house on Long Island with a backyard the size of a football field. He kicks back by floating in his pool and spoiling his granddaughters with trips to Disneyland. He would, in fact, be the poster child for retirement, except that the concept makes him recoil. ... Hire those older workers
Hire those older workers With the conclusion of Employ the Older Worker Week, we hope that employers who are looking for experienced, loyal employees will take a look at the AARP crowd. They have much to offer. In The Herald Bulletin story on Sunday, Ruby Ginder, 79, retrained under a program called Experience Works. Her salary is paid for by a Department of Labor grant, meaning the government is interested in getting senior citizens back to work. No time to retire
No time to retire Meet some county seniors who have yet to clock out By Patrick Pemberton The Tribune It's not hard to distinguish Elaine Baird from her co-workers. Most of the people she works with at the San Luis Obispo Borders are in their 20s or 30s. One has a punk-inspired Mohawk. Others have piercings and tattoos. "I'm the only one with gray hair," said Baird, of Cayucos. At 84, Baird is nearly 20 ... Now Is The Time To Save For Retirement
Now Is The Time To Save For Retirement People turning 50 today are beginning to view that milestone as a time of enjoying new-found freedom, of making new choices and dreaming new dreams. They approach life after 50 with more education, greater economic resources and diverse attitudes, experiences and expectations. But the picture isn't rosy for everyone. As baby boomers and other older workers pass through their peak earning years, few of them are actually accumulating much ... If 70 is the new 60, what's your next career?
If 70 is the new 60, what's your next career? AMY LINDGREN We hear a lot about retirement planning these days. "Will we have enough?" seems to be the question we're all nervously asking. Always the contrarian, I find myself finishing that sentence in my head: enough for what? When economists discuss retirement savings, they focus most often on formulas to finance current lifestyles but with aging bodies. The piece that's only beginning ... Ease into retirement
Ease into retirement THE days when we worked full-time one day and retired the next are becoming a thing of the past. And under rules that came into force on July 1, many pre-retirees will now find it financially easier to make a gradual transition to retirement. Before then, the only way you could access your super was to retire permanently from the workforce. Trouble was, not everyone wants to retire when they reach ... Our dreams for retirement often include another job
Our dreams for retirement often include another job 10/3/2005 By SHARON LINSTEDT How old is "old"? When should workers retire? Does retirement mean totally stopping work, or a mix of work and leisure? A generation ago, these questions had fairly straight forward answers. These days a confluence of increased longevity, the financial implications of a living longer, and changing attitudes about what constitutes our "golden years," has opened the ... Averting Financial Disaster for 20 Million -- KC Confab Will Chart the Path
According to the U.S. Department of Health and Human Services, by 2025 more than 20 million Americans -- incapacitated athletes and children as well as aging baby boomers -- will need long-term care services. Ordinary health insurance won't cover it. Neither, in all likelihood, will Medicaid, as legislative reform cracks down on benefits claimed by the affluent. Yet, "We can have long-term care protection for every American," says ... With Government Distracted, Private Program Seeks to Avert New Disaster: Abject End for Millions
federal government ended a pilot program to alert the nation to an impending social disaster: millions of longer-living Americans unprepared to survive longer-lasting incapacities. The pilot, run in five states, grew out of a recognition that government could not afford to fund a yawning gap in health coverage. Since lifespans have been increasing and 77 million baby boomers are nearing retirement, bouts of incapacity are expected to explode; and ... For love or money, more plan to keep working after retirement
For love or money, more plan to keep working after retirement Longer lifespans, economic uncertainty change traditional model of work-save-retire. By Hank Ezell / Cox News Service Not long ago, a restful retirement was the end of the rainbow for working Americans. No more. Three out of five baby boomers plan to keep on working after they say goodbye to their careers. Add in those who plan to start a business and you're ... GRAY MATTERS
GRAY MATTERS It may be your money, but it may also be gone On July 1, the first of the baby boomers reached the age of 59 1/2, when they were free to withdraw money from their 401(k)s and other tax-deferred retirement accounts without paying an additional 10 percent penalty in taxes. But any withdrawal would be foolish - and that reminds me of my young friend Robin. A lawyer and a middle-level government official, Robin resents the money ... Windfall awaits Delphi workers
Windfall awaits Delphi workers Delphi workers who once worked for General Motors and hold GM stock in their 401(k)s could get a windfall in their retirement fund if they do not procrastinate. They only have until 4 p.m. Oct. 12 -- 11 days from now -- to call (888) 633-2648. That's the toll-free number at the Fidelity Benefits Center, where an accounting snafu could work in the employees' favor. Fidelity, which manages the Delphi Personal Saving Plan, ... Reversal of fortune
Reversal of fortune Liam Egan There’s at least one financial planner out there who views the emergence of reverse mortgages as a compliment to financial planners. Paul Moran, principal financial planner at Melbourne-based Cameron Walshe, says anyone who needs to take out a reverse mortgage in retirement should “probably have seen a planner earlier in the piece”. Endless cash for retirees One of Moran’s key concerns is that reverse ... Health care reform a shared responsibility
Health care reform a shared responsibility September 9, 2005 By Gregory Marchildon At AARP Vermont, we have been asking ourselves a fundamental question: Can Vermont afford to grow old? That is, can we as individuals, as employers, as local and state governments and as a larger community, afford to sustain a population that is aging and that will inevitably put greater demands on public and private resources? Our answer is yes. But that ... How to afford growing old
How to afford growing old September 1, 2005 At AARP Vermont, we have been asking ourselves a fundamental question: Can Vermont afford to grow old? That is, can we as individuals, as employers, as local and state governments, and as a larger community afford to sustain a population that is aging and that will inevitably put greater demands on public and private resources? Our answer is yes. But that one-word answer implies a great deal. It ... As I See It: Save Now or Suffer Later
As I See It: Save Now or Suffer Later by Victor Rozek "Retail therapy" is more than a clever self-deprecating quip. It is a social commentary, and for many it's a way of life. Which may explain why less then 10 percent of retirees have enough money to maintain their lifestyles. Even for the best intended, life has a way of intruding on saving. A down payment for a house, an unexpected repair, medical bills, a period of unemployment; there ... Where to Retire Magazine Ranks Raleigh’s Bedford at Falls River Among 100 Best
Where to Retire Magazine Ranks Raleigh’s Bedford at Falls River Among 100 Best 15 yrs & 140 clients speak to rampant success of staffing & recruiting at Alphanumeric Raleigh, NC -- After 15 solid years of growth in its staffing business, Alphanumeric Systems announced that Sandee Rouse has been chosen to head the company’s Staffing & Recruiting Division, which now offers its wide-ranging services to clients nationwide. Known for a focus on customer ... Iowan named America's oldest worker
Iowan named America's oldest worker SIOUX CITY (AP) --- When it comes to working, Dwight Hauff doesn't know when the quit, much less think about retiring. The Sioux City businessman, who turned 100 earlier this year, was in Washington, D.C., on Tuesday to be honored as "America's Oldest Worker" for 2005. The title is awarded by Experience Works, a Washington-based federally funded nonprofit organization that provides job training and other assistance to ... Of retirement and poverty
Of retirement and poverty By Henry Obiagwu That a very large number of persons of retirement age in Nigeria live in poverty is evidence that adequate care has been lacking in the area of retirement planning. As the maxim goes, he who fails to plan, has planned to fail. So far, we have had generations of people and governments that have not cultivated, in their culture and thought-pattern, the view that it is possible, very important and ... Corporations woo baby boomers
Corporations woo baby boomers With more than 1 in 4 workers eyeing retirement, companies scramble to keep valued employees. September 30, 2005: 7:46 AM EDT By Shaheen Pasha, CNN/Money staff writer NEW YORK (CNN/Money) - Corporate America is finally waking up to the extensive experience mature employees bring to the table and placing value on the benefits of retaining older workers. With more than one worker out of four reaching retirement ... Business groups urge govt to raise retirement age
Business groups urge govt to raise retirement age Web posted at: 9/26/2005 2:58:40 Source ::: Reuters LONDON: Two of Britain’s top business groups renewed calls on Monday for a hike in the country’s retirement age to ward off a pensions crisis, setting the centre-left Labour government and unions on a collision course. The Confederation of British Industry, Britain’s biggest employers’ group, and the Institute of Directors want Britons to work longer as ... Avoid urge to tap into retirement savings accounts
Avoid urge to tap into retirement savings accounts Eileen Alt Powell Associated Press NEW YORK -- People hard up for cash -- whether they've been set back by a job loss or a disaster like Hurricane Katrina -- may be tempted to tap their 401(k) accounts and other company-sponsored retirement plans. But this should be a last resort, not only because they face possible penalties but also because it undercuts long-term security. "This money ... Aging population complicates U.S. retirement
WORKFORCE U.S. public policy struggles to deal with an active, aging population. BY DIANE STAFFORD Knight Ridder News Service COLLEGE PARK, Md. - How long do you want to work? How long will you be able to work? The two questions are different, as are most workers' answers. Cumulatively, the answers will help decide whether the majority of American workers are able to maintain a decent standard of living ... A pension 'time bomb' Officials wake up to pension debt
A pension 'time bomb' Officials wake up to pension debt By Troy Anderson, Staff Writer After years of paying little attention to the tabs they were racking up by granting some of the nation's most extravagant public-employee pensions and benefits, California officials have awakened to the sobering reality of the massive long-term debt they created. The largest government agencies in Los Angeles and across the state face setting aside at least ... How to replace lost documents
By Dana Dratch, Bankrate.com Last Update: 12:00 AM ET Sept. 12, 2005 In a hurricane, paperwork is the last thing on your mind. And when you start putting your life back together, you'll probably be missing some or all of your records. But the paperwork can be replaced. Here's a rundown on where to go for some of the things you might need. Property insurance records You'll probably be filing an insurance claim. The good news ... After retirement, look who’s back teaching
Snehal Fernandes TO FIGHT STAFF CRUNCH, VARSITY LOOKS AT APPOINTING RETIRED EXPERTS. CRITICS SAY YOUNGSTERS SHOULD BE HIRED INSTEAD September 21 ENVIRONMENTAL activist Darryl D’Monte usually spends his time reading newspapers, writing books, attending meetings and seminars. Very soon, the 61-year-old will squeeze yet another activity into his packed schedule: Lecturing Sociology students at the University of Mumbai. To solve its staff ... How to Rule Your Retirement
By David Gardner and Tom Gardner September 21, 2005 "What do you want to do with the rest of your life?" Do you want to ... ... see the Far East? Fish full time? Make your neighborhood not just a better place but a much better place? Do you want to try a new career -- the one you always wanted -- based on your interests and values? You can make the second half of your life the better half. Unfortunately, over ... Retirement rush threat to Delta pilot pensions
Retirement rush threat to Delta pilot pensions Associated Press ATLANTA -- A continuing exodus of Delta Air Lines pilots has drained the pension plan to the point where future lump-sum payouts to retirees by the bankrupt carrier may be in jeopardy, according to the union. The chairman of the pilot union's executive committee, John Malone, said in a letter to members Tuesday night there is a significant likelihood that lump-sum payments will not be immediately ... |
On the web: Shane Warne: The Musical (Independent)Shane Warne, as nearly everyone knows, is one of the greatest cricketers in history. He is also, famously, an inveterate philanderer. But a subject for a musical? Just when "Warnie" thought it was safe to go out in public again, the legendary spin bowler, who retired last year, finds himself back in the headlines. Not for his performance on the pitch, nor his indiscretions between the sheets, ... Reporter want ad: Trying to retire? (Pittsburgh Tribune-Review)Are you hoping to retire in the next few years, but your retirement savings have dropped because of the dismal stock market? Bidders snap up property in Horry County (The Myrtle Beach Sun News)Ron Teague had just finished verbally sparring Monday with new and veteran investors vying for property on the cheap from Horry County's delinquent tax rolls when he began to wonder about the accuracy of headlines on the economy. ShareChat News: Ryman Healthcare gains consent for Orewa village (ShareChat)Ryman Healthcare said it gained resource consent for its $140 million Evelyn Page retirement village in Orewa. The company plans to open the village next year, with sufficient space for 500 residents and 120 staff, the company said. It's Not All Bad News: Independent Advisor Representative Sheds Light on these Financial Dark Days (PRWeb via Yahoo! News)Scary headlines may have you thinking about pulling out of the market, but peppered in among those doom and gloom proclamations is solid advice, urging investors to take advantage of a number of significant opportunities present in today's market. CARR CALLS IT QUITS (Sporting Life)Former Newcastle and Tottenham defender Stephen Carr has announced his retirement from football. The 32-year-old has decided to hang up his boots after failing to find himself a new club. County holds line on taxes in 2009 budget (Pittsburgh Tribune-Review)Commissioners presented a preliminary budget that does not call for a tax increase. It includes a projected year-end surplus that officials said will be used to offset anticipated cuts in allocations from the state and federal governments. Transit raises offset by health plan co-pays (Pittsburgh Tribune-Review)The proposed four-year contract calls for annual wage increases of 3 percent in 2009, 2 percent in 2010 and 3 percent in 2011-12. It would require workers to pay more each year toward their PPO and HMO health care plans and higher co-pays. Peninsula Methodist Homes acquires Greenville property (The Delaware Business Ledger)Peninsula United Methodist Homes, Inc. has acquired property adjacent to its Country House retirement community, in Greenville, Delaware. Traveling on the cheap, to some great places (Idaho Mountain Express and Guide)Truth be told, I don't travel much. |
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