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Keyword: retirement

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  • McConnell fuels Democrat panic, announces GOP will vote on Kennedy successor before midterms

    06/28/2018 6:24:19 AM PDT · by Eddie01 · 44 replies
    BizPac Review ^ | Jun 28, 2018 | Frieda Powers
    Senate Majority Leader Mitch McConnell spiked the panic on the left by announcing efforts to replace Justice Anthony Kennedy before the midterms. The Supreme Court Justice announced his retirement Wednesday, effective July 31, after more than three decades on the high court. His successor, chosen by President Trump, could transform the Supreme Court for years to come and the left is in a meltdown. “We will vote to confirm Justice Kennedy’s successor this fall,” McConnell said on the Senate floor after the news broke. Senate Judiciary Chairman Chuck Grassley echoed the expectations that the nomination process would begin soon. “For...
  • DNC members groan when hearing news of Kennedys retirement

    06/28/2018 3:49:47 AM PDT · by Libloather · 40 replies
    Fox News ^ | 6/28/18 | Stephen Sorace
    Members of the Democratic National Committee on Wednesday were heard groaning and saying, Oh, my God, when their meeting was broken up with news of Supreme Court Justice Anthony Kennedys retirement. Politico reported-- citing an audio recording-- that the DNCs Rules and Bylaws Committee was interrupted by the news alert that was followed with one person saying, This is not good news. **SNIP** The New York Times editorial board called Kennedy's decision crushing.
  • Justice Kennedy Retiring

    06/27/2018 11:04:55 AM PDT · by rb22982 · 288 replies
    CNBC ^ | 6/27/2018 | CNBC
    Breaking news
  • Getting ready to retire!!!

    06/25/2018 4:28:51 PM PDT · by A Cyrenian · 127 replies
    I have my health insurance issue solved. I think I have enough money save (who knows how much you need). It is what it is and I'm as ready as I'm going to be.For those of you who are retired or have recently retired. Can you send some tips my way? Any and all notes will be appreciated and heavily considered. Thanks to you all for your help.Peace be with you.
  • A Generation of Americans Is Entering Old Age the Least Prepared in Decades

    06/22/2018 4:14:38 PM PDT · by simpson96 · 43 replies
    Wall Street Journal ^ | 6/22/2018 | Heather Gillers, Anne Tergesen and Leslie Scism
    Americans are reaching retirement age in worse financial shape than the prior generation, for the first time since Harry Truman was president. This cohort should be on the cusp of their golden years. Instead, their median incomes including Social Security and retirement-fund receipts havent risen in years, after having increased steadily from the 1950s. They have high average debt, are often paying off childrens educations and are dipping into savings to care for aging parents. Their paltry 401(k) retirement funds will bring in a median income of under $8,000 a year for a household of two. In total, more than...
  • Millennials waking up to grim financial future left by baby boomers and they're angry

    06/21/2018 2:19:46 PM PDT · by rickmichaels · 129 replies
    Financial Post ^ | June 21, 2018 | Ben Steverman
    Lately Ive been losing track of how old everyone is. Friends, co-workers and family members are resisting middle age with vigorous exercise, careful diets and regular doctor visits. Even when 50-year-olds look like theyre 50, they often dress or party as if theyre still in their twenties. Our capacity to fetishize youth never ceases to amaze. But while older Americans definitely want to look like younger folks, they certainly dont want their finances. Thats because the wealth gap between generations keeps widening, and their childrens future is beginning to look ugly. Just two years ago, the median American born in...
  • BOMBSHELL: Top FBI Insider Who Quit Over Rigged Hillary Probe Ready to Spill Beans on Comey & Obama

    06/02/2018 6:07:18 AM PDT · by bitt · 137 replies
    TRUEPUNDIT ^ | 5/29/2018 | ADMIN
    An FBI agent who quit his top position over the bureaus handling of the Hillary Clinton email investigation is heading to Congress to testify. John Giacalone, who led the Clinton investigation for the first seven months, will reportedly expose former President Barack Obama and fired FBI Director James Comey for corruptly helping Clinton. Theres a massive media blackout on this because Giacalone is expected to testify that top brass at the FBI rigged the investigative process so that Clinton could skirt charges for clear violations of the law. Exposing Comey also shines a big light on Obama, who many believe...
  • Travel Tips for Geezers

    05/22/2018 4:35:41 AM PDT · by sodpoodle · 19 replies
    email from a friend | 5/22/2018 | unknown
    Retirement Choices: You can retire to Phoenix, Arizona where 1. You are willing to park three blocks away from your house because you found shade. 2. You've experienced condensation on your butt from the hot water in the toilet bowl. 3. You can drive for four hours in one direction and never leave town. 4. You have over 100 recipes for Mexican food. 5. You know that "dry heat" is comparable to what hits you in the face when you open your oven door at 500 degrees. 6. The four seasons are: tolerable, hot, really hot, and ARE YOU KIDDING...
  • Brooks Suggests Republicans Are Retiring Because of Assassination Fears

    04/27/2018 11:10:06 PM PDT · by TheConservator · 71 replies
    Roll call ^ | 4/272018 | Eric M Garcia
    Alabama Rep. Mo Brooks suggested in a radio interview that Republicans are retiring en masse because of assassination fears. . . . . But Brooks said while there were multiple factors that contributed to a slew of Republicans leaving the House, he suggested fears of violence was a major one. One of the things thats concerning me is the assassination risk may become a factor, he said. . . . . Notice a trend here? he said. I have a congressman who is a friend here who has a three-year old daughter whose daughter was threatened with murder. He also...
  • Retirees will likely be disappointed with their social security check, heres why

    04/25/2018 11:37:15 AM PDT · by SeekAndFind · 83 replies
    Fox Business ^ | 04/25/2018 | Jade Scipioni
    Newbie retirees may need to lower their expectations when it comes to their Social Security checks. According to a new survey released by the National Retirement Institute, more than a quarter (27%) of new retirees say their monthly checks are less than they expected. Whats more, nearly two in three of soon-to-be retirees (63%) admit that they are not confident in their overall knowledge of how Social Security works. That number is alarming because nearly one in four (26%) future retirees believe they can live comfortably on Social Security alone. Its problematic that so many people are planning to rely...
  • Retirement Savings: More Americans Than Ever Have $1 Million In Assets Or More

    04/16/2018 9:50:17 AM PDT · by SeekAndFind · 94 replies
    IBD ^ | 04/16/2018 | Paul Katzeff
    Do you think saving for retirement is just too tough? Think again. The number of people with 401(k) balances of at least $1 million hit a record 150,000 at the end of 2017 in plans run by Fidelity Investments. Likewise, the number of Fidelity-run IRAs with retirement savings balances of $1 million or more hit a record 152,000. And if $1 million seems out of reach for you at least for now don't worry, because those million-dollar balances were part of a broader pattern of retirement savings balances overall growing to record highs. Your retirement savings balances can...
  • Speaker Paul Ryan Will Not Seek Re-election in November [ACTUAL announcement at press conference)

    04/11/2018 7:53:33 AM PDT · by catnipman · 62 replies
    Speaker Paul D. Ryan announced Wednesday that he will not seek re-election in November, ending a brief stint atop the House and signaling the peril that the Republican majority faces in the midterm elections.
  • Paul Ryan Retiring

    04/11/2018 6:35:48 AM PDT · by spacewarp · 105 replies
    Axios ^ | 4/11/18 | Axios
    Wow. Just wow.
  • Another longtime Comey aide leaving FBI

    02/08/2018 4:11:18 PM PST · by jazusamo · 30 replies
    Fox News ^ | February 9, 2018 | Catherine Herridge
    The longtime head of public affairs at the FBI -- who was a confidant of former director James Comey -- is planning to retire, Fox News has learned. A notice went out this week for a retirement get-together for Michael Kortan scheduled for Feb. 15. Since 2009, Kortan has served as assistant director for public affairs, an influential job that controlled media access. He also served under former director Robert Mueller, now leading the Russia probe. The FBI confirmed to Fox News that Kortan is retiring. It's unclear whether the retirement was long-planned or in any way precipitated by recent...
  • How Much Do Retirees Really Depend on Social Security? Far Less Than You'd Think.

    03/29/2018 9:31:30 AM PDT · by SeekAndFind · 73 replies
    Forbes ^ | 03/29/2018 | Andrew Biggs
    The Social Security Administration says that one-third of retirees receive nearly all their income from Social Security. The true figure is only around one-third that amount. How much do Americans really rely on Social Security to get by in retirement. You can hear different numbers, some of which are truly scary. Writing for Marketwatch, Alicia Munnell of Boston College and the Center for Retirement Research cites a study that she hopes will put the statistical debate to rest. Sadly, I dont see any rest for the weary on this issue. But looking at one additional study which uses the best...
  • Millennials Are Waiting For The End Of Capitalism

    03/28/2018 4:42:44 PM PDT · by bananaman22 · 39 replies ^ | 03-28-2018 | Michael
    Fear of Missing Out (FOMO) is a huge part of the Millennial psyche. But while that extends to everything that goes down on social media, this generation doesnt seem to be worried about missing out on retirement funds. Millennialsor Generation Yare todays late teens and twenty-somethings born in the 80s and 90s, and they number some 80 million people in the United States. And because FOMO is the Millennial common denominator, the financial detours are numerous. Thanks to the meteoric rise of social media advertising, Millennials have endless options for spending money, and they account for an estimated $1.3 trillion...
  • 3 Reasons to Retire as Early as You Can

    03/28/2018 6:52:51 AM PDT · by SeekAndFind · 84 replies
    Motley Fool ^ | 03/28./2018 | Maurie Backman
    Countless workers dream of retiring early and reaping the benefits that come with it. But many folks don't pursue that objective, either because they're too scared to take the leap or are worried that they're not financially ready. Both are valid lines of thinking, but the problem is that the longer you wait to retire, the longer you'll miss out on the lifestyle you really want. If you've been on the fence about early retirement, here are a few good reasons to take the plunge.1. You've earned it Americans certainly aren't strangers to hard work. Collectively, we tend to forgo...
  • Retirement is expensive. Heres what to do about it

    03/17/2018 6:41:01 AM PDT · by SeekAndFind · 40 replies
    MarketWatch ^ | 03/17/2018 | Mitch Tuchman
    You probably think of your own home as your largest expense in life. Perhaps your kids, if you think of them as expenses. A recent study, in fact, estimated that buying a house and raising a child cost about the same $245,300 for the house and $278,300 to raise a child from birth to age 18. How does that compare to the cost of retirement? Quitting work costs three times more, believe it or not. The average retirement in the United States runs $738,400. That feels like a made-up number, as precise as it might appear. Naturally, what you...
  • GOP senator: Justice Kennedy is going to retire this summer

    03/09/2018 5:56:32 AM PST · by KavMan · 69 replies
    Sen. Dean Heller (R-Nev.) said in a speech last week he believes Supreme Court Justice Anthony Kennedy will retire this summer, according to audio of the speech obtained by Politico. Kennedy is going to retire around sometime early summer, Heller said in the speech, according to Politico. Which Im hoping will get our base a little motivated because right now theyre not very motivated. But I think a new Supreme Court justice will get them motivated. Heller is facing a tough GOP primary ahead of the 2018 midterms as Las Vegas businessman Danny Tarkanian challenges Heller for the Republican nomination.
  • 42% of Americans are at risk of retiring broke

    03/06/2018 8:30:09 AM PST · by C19fan · 129 replies
    CNBC ^ | March 6, 2018 | Jessica Dicker
    At this rate, retirement is more of a fantasy than a reality for many people in this country. About 42 percent of Americans have less than $10,000 saved for when they retire, according to a study by GoBankingRates released Tuesday.