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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 56-66
  • Federal court upholds mayor's pension overhaul

    Federal court upholds mayor's pension overhaul
    A federal appeals court on Wednesday upheld Mayor Stephanie Rawlings-Blake's overhaul of Baltimore's police and fire pension system, but left open avenues for the unions to keep fighting. "I'm certainly pleased with the court's ruling," Rawlings-Blake...
  • Teachers' checks shrink a bit as California tackles pension shortfall

    Teachers' checks shrink a bit as California tackles pension shortfall
    When fifth-grade teacher Maggie Ellis receives her next paycheck at the end of the month, it will be a bit lighter. That's because she'll be contributing more money to the teacher pension fund, a small part of a sweeping, long-term plan to repair one of...
  • L.A. violated labor law in rolling back pension benefits, report finds

    An independent hearing officer Monday dealt a major setback to Los Angeles' effort to rein in public employee pension costs, concluding that elected officials violated labor law when they voted to roll back retirement benefits for new civilian workers...
  • Borrowing from 401(k) to pay mortgage has its risks

    Q: I read something a year ago about the possibility of paying off your mortgage with funds from a 401(k) plan without paying any penalty. Is that something that could happen? — M.R. A: Doubtful, said Rick Meigs, president of 401khelpcenter.com....
  • The mystery of the missing Social Security data

    Retirement expert Alicia Munnell of Boston College has brought a simmering Social Security mystery out into the open: Why were key figures about the program's benefits for retirees deleted from the latest trustees' report?   Munnell's conclusion, as set...
  • Social Security demystified

    When the Social Security Trustees recently released their report on the financial condition of Social Security, they echoed the warnings made by the nonpartisan Congressional Budget Office that the program is financially unsustainable without changes....
  • Retirement: Most and least tax-friendly states for retirees

    No matter where you retire, you'll owe the same amount to Uncle Sam in federal taxes. But whether you stay put or relocate can have a significant impact on what you'll owe in state taxes. If you're thinking of pulling up roots, compare the taxes in...
  • Can you blame baby boomers for refusing to retire?

    Can you blame baby boomers for refusing to retire?
    The American workforce is gray and getting grayer. According to a report released last week by the Bureau of Labor Statistics, 22.2% of American workers are over the age of 55, making our workforce the oldest it has ever been. Baby boomers, it seems,...
  • Take a retirement annuity or a lump sum?

    Dear Liz: I am 54 and considering retiring in three or four years. I have been fortunate to work at a Fortune 100 company for 30-plus years and have both a defined benefit pension plan and a 401(k). When I retire, we have the option of taking a lump sum...
  • Supreme Court ruling signals trouble for state, Chicago

    Supreme Court ruling signals trouble for state, Chicago
    The Illinois Supreme Court ruled today that subsidized health care premiums for retired state employees are protected under the Illinois Constitution, signaling potential trouble for an overhaul of pension benefits that’s also being challenged in...
  • Why interest rates may stay very low for a lot longer

    Since the financial crash of 2008, one of the biggest guessing games in the U.S. economy and markets has centered on interest rates — and when they would finally rise from the historic lows that followed the Great Recession. But year after year,...