retirement – News Stories About retirement - Page 14

Nov 13, 2008 10:26 AM CST

401(k) Matches Fall Victim to Downturn

Cost-cutting efforts increasingly extend to pricey employee benefit

(Newser) - Shrinking 401(k) accounts may soon seem like a bit of a luxury as more and more companies eliminate matching contributions to the retirement accounts, reports BusinessWeek. Some 2% of firms in a recent survey said they had already cut out the match, and another 4% said they’ll drop it...

Hawking To Retire
From Cambridge Post

Oct 25, 2008 2:15 PM CDT

Hawking To Retire From Cambridge Post

(Newser) - Stephen Hawking will retire from his chair at Cambridge University at the end of this academic year, the Telegraph reports. But the esteemed physicist will continue working at the college in an emeritus position. Cambridge requires profs to step down when they reach 67, and Hawking’s birthday is in...

Lance:
I'll Only Ride
in 'Serene' Tour

Oct 14, 2008 1:17 PM CDT

Lance: I'll Only Ride in 'Serene' Tour

(Newser) - Lance Armstrong will race in the three-week Giro d’Italia for the first time next year, but a return visit to the Tour de France is in doubt, the Telegraph reports. Armstrong, recently out of retirement, has historically clashed with Tour management, and his team was banned from this year’...

Sinking 401(k)s Raise Debate
on How to Save

Oct 12, 2008 8:30 PM CDT

Sinking 401(k)s Raise Debate on How to Save

Accounts tumble by up to 11%, but backers still love them

(Newser) - Tumbling stock markets have cracked open the piggy bank that many Americans use to store retirement savings—401(k) accounts—sparking fresh debate about how best to save money, the Washington Post reports. Supporters argue that 401(k)s offer bigger rewards than traditional pensions, which are less exposed to market turbulence. But...

Tarzan's
Old Pal
Enjoys His
Retirement

Oct 11, 2008 12:47 PM CDT

Tarzan's Old Pal Enjoys His Retirement

At 76, Tarzan co-star keeping busy with painting, TV

(Newser) - Cheeta the chimp is enjoying a fairly humdrum retirement after his glittering showbiz career, Entertainment Weekly reports. Cheeta, at 76 the world's oldest domesticated simian, was plucked from the jungles of Africa as a baby and starred in the '30s Tarzan movies. An "autobiography"—more of a Hollywood...

Ford CFO
Says He'll
Step Down

Oct 10, 2008 12:41 PM CDT

Ford CFO Says He'll Step Down

Longtime exec retires after grabbing timely loan ahead of crisis

(Newser) - Ford CFO Don Leclair will retire at the end of the month after 32 years with the company, the struggling automaker said today. Leclair has drawn praise for snagging $25 billion in loans for the company before the credit markets dried up, a move that may ensure Ford’s survival...

As Stocks Sink, New Cash
Cows Emerge

Oct 3, 2008 12:26 PM CDT

As Stocks Sink, New Cash Cows Emerge

Alpacas, coins, comic books; a stampede to alternative investments

(Newser) - With stocks tanking, 401(k)s plummeting, and the market’s usual safe haven—real estate—at the heart of the current crisis, investors are seeking refuge in unusual investments—everything from parking spaces to comic books to alpacas, the Wall Street Journal reports. A growing number of retirees are taking individual...

Retirees Hit Hard by Markets

Sep 23, 2008 10:43 AM CDT

Retirees Hit Hard by Markets

Their money is in riskier investments these days

(Newser) - Among those hardest hit by the financial crisis are retirees, and they have less chance to recover than their younger counterparts, the New York Times reports. As companies have abandoned fixed pensions for 410(k)s, retirees can lose large percentages of their wealth in a short period. And low-risk investments, like...

Forget Retirement—Old Architects Make Masterpieces

COMMENTARY

Sep 14, 2008 4:40 PM CDT

Forget Retirement—Old Architects Make Masterpieces

(Newser) - Thinking of early retirement? Not if you're an architect, writes Witold Rybczynski in Slate. Few architects achieve greatness before middle age and many do after, such as Frank Gehry, Louis Kahn, and Le Corbusier, who all designed masterpieces in their sixties. "I want to spend whatever time I have...

It's Health, Not
Age, That Matters

Analysis

Aug 26, 2008 10:36 AM CDT

It's Health, Not Age, That Matters

McCain probably has enough juice left in tank

(Newser) - At 72, John McCain would be the oldest person elected president, but should that matter to voters? Probably not, according to geriatrics experts consulted by the Wall Street Journal. “Aging has such a small impact on how we function that it is of minimal importance,” says one specialist....

Retirement Plan Hurting US Military: Study

Aug 5, 2008 2:45 PM CDT

Retirement Plan Hurting US Military: Study

'Inequitable, inefficient' system handcuffs brass, needs overhaul

(Newser) - The retirement plan for the US military is "inequitable, inflexible, [and] inefficient," says a study released today by the Pentagon. It recommends the current system be swapped for a combination of cash and deferred compensation that kicks in with as few as 10 years of service, the Military...

Favre
Huddles With
Packers Coach

Aug 5, 2008 2:52 AM CDT

Favre Huddles With Packers Coach

Meeting with McCarthy lasts 5 hours—QB's fate still uncertain

(Newser) - Packers coach Mike McCarthy talked with once (and future?) quarterback Brett Favre last night in a meeting that stretched five hours. The marathon chat pre-empted scheduled sessions with other players and the media, but close to midnight Favre's future with Green Bay was still unclear, reports the Milwaukee Journal-Sentinel.

Favre Deserves
Better Than Bribery

OPINION

Aug 3, 2008 6:02 AM CDT

Favre Deserves Better Than Bribery

$20M 'payoff' would hurt legacy more than a weak season

(Newser) - As football fans eagerly await a decision about Brett Favre’s future in football, critics are lambasting the Green Bay Packers' reaction to the quarterback's plans to return. The measures the team is taking to obstruct Favre’s comeback are tarnishing the NFL’s good name, writes William Rhoden in...

Green Bay
Split on
Favre Question

Aug 1, 2008 6:08 AM CDT

Green Bay Split on Favre Question

Loyal fans divided on whether to support their team or their old QB

(Newser) - In Green Bay, sides are being chosen, rival camps established. While some fans circulate petitions calling for the team to re-embrace the newly un-retired Brett Favre, 38, as starting quarterback, others wish he would step aside. The only consensus in town seems to be that people are tired of the...

Packers Offer Favre
$20M to Stay Home

Jul 31, 2008 8:12 AM CDT

Packers Offer Favre $20M to Stay Home

(Newser) - The Packers are desperate to keep Brett Favre retired and they’re willing to pay handsomely for the privilege, ESPN reports. Packers president Mark Murphy met with the quarterback yesterday and reportedly offered him roughly $20 million over several years to stay retired. Murphy would say only that he’d...

Packers Beg
Favre to
Stay Home

Jul 30, 2008 11:38 AM CDT

Packers Beg Favre to Stay Home

But will legend listen?

(Newser) - Packers President Mark Murphy is flying to Mississippi in a last ditch attempt to convince Brett Favre to stay retired, or at least avoid training camp, the Green Bay Press-Gazette reports. “They’re asking him not to come,” a source said. “They don’t want him up...

Hume to Leave Fox Anchor Role

Jul 15, 2008 9:06 PM CDT

Hume to Leave Fox Anchor Role

But he plans to stay on part-time as a senior political analyst

(Newser) - Fox News' Brit Hume plans to step down from his role as anchor of the daily Special Report and as Washington managing editor at the end of the year, the Washington Post reports. Hume is near a deal to stay on Fox part-time as a senior political analyst, sources say,...

Packers to Favre: No Go

Jul 13, 2008 10:27 AM CDT

Packers to Favre: No Go

Team denies QB's request to become free agent

(Newser) - Green Bay won't be releasing retired quarterback Brett Favre from his contract as he has requested, and aren't promising to start him if he rejoins the team, AP reports. "This is a hot-button issue that surpasses anything I've ever gone through," says Packers GM Ted Thompson. Favre had...

10 Possible Teams for Favre

Jul 12, 2008 11:30 AM CDT

10 Possible Teams for Favre

The QB legend may play again, and he wants out of his Green Bay contract

(Newser) - The maybe-not-as-retired-as-we-thought Brett Favre has asked the Green Bay Packers to release him from his contract so he can play elsewhere. It's far from certain the Packers will agree, but USA Today runs down 10 places he could go:

Baltimore Ravens: Favre's agent has placed players there before.
Buffalo Bills:

...

Washington Post Top Editor Calls It Quits

Jun 23, 2008 8:40 PM CDT

Washington Post Top Editor Calls It Quits

Downie presided as Internet transformed newspapers, media

(Newser) - The Washington Post's executive editor is retiring, he said today, after a 17-year run that included many prizes, painful staff cuts, and the rise of the Internet. A low-profile but highly respected figure, Leonard Downie Jr. told his staff he would miss the paper. "At the same time I'm...