retirement – News Stories About retirement - Page 11

david brooks

Feb 2, 2010 1:26 PM CST

How Old Fogies Can Save America

Brooks: They need to unite in the cause of selflessness

(Newser) - Forget Washington—America's salvation lies with its senior citizens, writes David Brooks. He wants them to form a sort of tea party of their own, not to accrue more financial benefits but to return some they already have. Federal spending tilts too heavily toward the old instead of the young,...

'I'm Done,' John Daly Says

Jan 29, 2010 6:28 PM CST

'I'm Done,' John Daly Says

Troubled golfer hangs it up after missing cut at Torrey Pines

(Newser) - After missing today’s cut at Torrey Pines by a mile, John Daly says he’s quitting golf, for good. “I’m done,” Daly, 43, told the Golf Channel . “I can’t compete. I can’t play like I use too. … I’m tired of embarrassing...

Randy Johnson Retires

Jan 6, 2010 3:19 AM CST

Randy Johnson Retires

Lefty pitcher calls it a day after reaching 300 wins

(Newser) - After 22 major league seasons, The Big Unit is walking away from baseball, ending one of the greatest pitching careers in baseball history. The 6-foot-10 Johnson announced his retirement on a conference call late yesterday, a decision that had been expected from the overpowering left-hander who reached 300 wins last...

Goodman's Last Column:
'I'm Letting Myself Go'

ellen's farewell

Jan 1, 2010 7:30 AM CST

Goodman's Last Column: 'I'm Letting Myself Go'

She writes last piece for 'Globe' after four decades

(Newser) - Ellen Goodman signs off on her final column today in the Boston Globe , a career that spanned Gerald Ford to Barack Obama, not to mention a 7-year-old daughter to a 7-year-old grandson. While she'd like to "fulfill the fantasy of a summer on my porch in Maine," she...

NPR's Carl Kasell
Delivers Last Newscast

Dec 30, 2009 3:25 PM CST

NPR's Carl Kasell Delivers Last Newscast

'I'll still be around,' says news reader synonymous with public radio

(Newser) - "I'm just saying, 'I'm Carl Kasell, NPR News, Washington,’” went the veteran newsman’s last broadcast for Morning Edition on NPR today. “I'm not saying goodbye, because I'll still be around.” And that he will, continuing on as judge and scorekeeper for quiz show Wait,...

After 34 Years,
Gibson's Done at ABC

Dec 18, 2009 7:53 PM CST

After 34 Years, Gibson's Done at ABC

Anchor, 66, signs off for final time

(Newser) - Charles Gibson signed off for the last time from the ABC News anchor desk tonight, bringing to a close his 34 years at the network with Friday's edition of ABC World News . Gibson, 66, called the job he's leaving "a labor of love." Since joining ABC in 1975,...

Florida State Coach Bowden Plans to Retire

Nov 30, 2009 7:04 PM CST

Florida State Coach Bowden Plans to Retire

34-year tenure turned Seminoles into national football powerhouse

(Newser) - Bobby Bowden will announce his retirement tomorrow as Florida State University’s football coach, ending a 34-year tenure during which he built the Seminoles into a national powerhouse. The 80-year-old Bowden met with school officials today, sources tell the Tallahassee Democrat , and was given the option of staying in a...

Retire, Feel
8 Years
Younger

STUDY SAYS

Nov 9, 2009 3:28 PM CST

Retire, Feel 8 Years Younger

Freedom melts away maladies—if you're French

(Newser) - Retirement is great medicine, new research shows. A study of French workers for 7 years before and after they punched the time clock for the last time indicates health increases dramatically after retirement. Reports of poor health drop from 19.2% in the year before retirement to 14.3% the...

Exec Pensions Soared
as Stocks Tanked

Nov 3, 2009 4:47 AM CST

Exec Pensions Soared as Stocks Tanked

Multi-million-dollar payouts escape pay watchdog scrutiny

(Newser) - Steep increases in the pensions of top execs passed largely unnoticed amid the recent uproar about pay and bonuses. The average pension for a top executive rose 19% last year even as share prices fell by an average of 37%. More than 200 execs saw pensions boosted by over 50%...

Brooks' Vegas Gigs
Sell Out in 5 Hours

Oct 25, 2009 6:30 AM CDT

Brooks' Vegas Gigs Sell Out in 5 Hours

30K tickets sell briskly as country star ends retirement

(Newser) - Country music superstar Garth Brooks can still pack 'em in, selling out 30,000 tickets in five hours yesterday for a series of 20 small-scale Vegas shows that will end his retirement for the time being. The Oklahoma cowboy will put on four shows a weekend for five weekends in...

Justice Stevens Hints He'll Retire This Term

INTERVIEW

Oct 19, 2009 6:01 AM CDT

Justice Stevens Hints He'll Retire This Term

Liberal stalwart, at age 89, admits, 'I'm not exactly a kid'

(Newser) - John Paul Stevens, the senior justice on the Supreme Court and the bench's liberal lion, says he gave serious thought to retiring—in the late 1980s, when he was 65 years old. Instead, while younger colleagues have packed their bags, Stevens has become the court's master tactician, cobbling together narrow...

Garth Brooks
Unretires

Oct 15, 2009 2:23 PM CDT

Garth Brooks Unretires

Don't expect a new tour or album anytime soon

(Newser) - Garth Brooks is officially out of retirement—whatever that means. The 47-year-old singer announced his return to great fanfare at Nashville’s Grand Ole Opry today. “It’s a proud day for me and my family,” Brooks declared. But coming out of retirement doesn’t mean Brooks will...

Lewis Due a Mere $53M
From BofA Pension Plan

Oct 1, 2009 8:08 PM CDT

Lewis Due a Mere $53M From BofA Pension Plan

But President Obama's pay czar could yet step in on that, millions in stock

(Newser) - An executive pension plan Bank of America stopped in 2001—along with “golden parachute” balloon payments to execs leaving the company—will yield about $53 million for departing CEO Ken Lewis. Lewis, 62, participated for years in the plan, which was frozen the year he ascended to the top...

Bank of America's
Lewis to Resign
at End of Year

Sep 30, 2009 4:41 PM CDT

Bank of America's Lewis to Resign at End of Year

(Newser) - Ken Lewis, the embattled CEO of Bank of America, is leaving the company, succumbing to nearly a year of strife that followed his company's acquisition of Merrill Lynch. The bank said in a statement that Lewis, 62, would retire as CEO and also leave the company's board by the end...

Social Security Faces Grim Forecast for 2010, 2011

Sep 27, 2009 4:40 PM CDT

Social Security Faces Grim Forecast for 2010, 2011

Payouts will exceed tax receipts for first time since 1980s

(Newser) - Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next 2 years, the first time that's happened since the 1980s. The deficits—$10 billion in 2010 and $9 billion in...

Don't Let the
Recession
Rule Out
Retirement

analysis

Sep 20, 2009 4:48 PM CDT

Don't Let the Recession Rule Out Retirement

Save more, use 'catch-up' tax law provisions to turn things around

(Newser) - Retirement savers have been facing grim truths, like the fact that a 50% portfolio loss requires 100% in earnings to recover. But middle-of-the-road investors could recover in as little as 2 years if they make contributions, receive a company match, and see fair long-term portfolio returns, writes Linda Stern in...

Young Grow Poorer While Old Get Richer

Sep 18, 2009 12:49 PM CDT

Young Grow Poorer While Old Get Richer

Recession socks Americans born after 1955

(Newser) - Young and middle-aged people, particularly men, saw their incomes plummet from 2000 to 2008, leaving many age groups at 30-year nadirs, new Census data show. The recession has exacerbated the problem, widening the gap between young and old at an unprecedented rate, USA Today reports. Worst hit were those in...

Obama Offers New Options for Retirement Savings

Sep 5, 2009 7:07 AM CDT

Obama Offers New Options for Retirement Savings

Americans can have tax refunds sent as savings bonds

(Newser) - President Obama used his radio address today to roll out several initiatives aimed at making it easier for Americans to save for retirement. One move will allow people to have their federal tax refunds sent as savings bonds by checking a box on their tax return; another has workers automatically...

Stevens' Exit Would Break Court Tradition

ANALYSIS

Sep 3, 2009 2:11 PM CDT

Stevens' Exit Would Break Court Tradition

Tradition sees justices sticking with party that appointed them

(Newser) - Supreme Court justices have traditionally waited to retire until a member of the same party that nominated them held the presidency, writes Kate Klonick for True/Slant. The custom has prevailed even when the justice’s ideology drifted away from that party. But if the rumors about John Paul Stevens’ imminent...

Oldsters Refusing
to Step Aside to
Free Up Jobs

Sep 3, 2009 9:28 AM CDT

Oldsters Refusing to Step Aside to Free Up Jobs

Reliance on volatile 401(k)s breeds reluctance to retire

(Newser) - Their retirement savings devastated by the financial crisis, older workers are increasingly postponing retirement, the New York Times reports, creating even more competition for scarce jobs. A recent survey found that four in 10 workers over 62 have remained at their jobs longer than they planned thanks to the recession....