roponents of the drastic Chicago pension cuts sought by the city have threatened a range of doomsday scenarios if their proposal is not enacted. Rather than the thoughtful, informed discussion this matter deserves, this is the equivalent of shouting "Fire!" in a crowded theater.
Arizona has been a big retirement destination for many years, and for good reason. In fact, the very first Active Adult Community in the US, Sun City, was developed there over 50 years ago. But the reasons to choose Arizona are more than just the obvious. While AZ has hundreds of days of abundant sunshine and tons of golf courses, it has a lot more going for it than only sun and golf.
A few reactions to Letterman's retirement announcement bring up the idea that he may be stepping down because he never "got" the viral video phenomenon that Fallon and Kimmel have so clearly mastered. I say, nuts to that. Letterman invented viral videos -- we just called them "watercooler moments," and they were spread with your lips, not your fingertips.
Momentum continues to build inside and outside the halls of Congress to reverse course on the single-minded quest to cut Social Security benefits which has dominated our political discourse for years.
April 15 -- a day that's become a nagging reminder of the money we make and how much we spend -- is around the corner and boomers in particular might wonder how they can save more money in 2014.
We knew before the meeting that economic inequality would be a topic of discussion, and afterwards we were told it was part of the conversation. Yet, I'm pretty certain that the elephant in the room was not discussed.
Warren Buffett described public pension plans as a "gigantic financial tapeworm" and warned of a decade of pain. He was right on the first point, less so on the second.
Our parents' bookshelves were portals into their lives as teacher and journalist, into their married life and later, their lives as separated people.
I have several close friends who are contemplating retirement, and a few have been teetering on that decision for a while. They are not hesitating over financial worries, but more over quality of life issues. They want to be sure that the next stage of life is at least as rich and purposeful as their working years have been.
Think swimming pools and movie stars. That's right, you could retire with the likes of Billy Joel and Ralph Lauren if you've got some extra pesos.
I've noticed a trend among the children of my friends, friends whose offspring are freshly, or a few years out, of college. They are trying out lives in exotic places and traveling as much as they can, while they can. While they can.
For years, David's work schedule had him out of the house at sunrise, returning way past sundown. Now he's home with me 24/7, and as a couple, we have much to relearn about each other in that sudden togetherness. Apparently, I talk out loud to myself... a lot.
Paying for retirement isn't typically on the gay couple's radar. Gays approaching their "Golden Years" represent a unique segment of the financial marketplace.
Our retirement system doesn't work very well for many young employees in our country; That is unfortunate, because money saved when you are young is more potent than money you put away when you are old.
There's an old saying, "A woman's work is never done." We think that women should have a right to see that their work is done -- and they should have sufficient income to enjoy the fruits of their labors and to retire in dignity.
How does starting at age 62, 66 or 70 impact your retirement income? As you figure out when to start Social Security, here are five key questions to consider.