We’ve all seen the studies – one seems to land on my desk once or twice a week. “Americans are living longer.” “Fewer have defined benefit pensions.” “The value of Social Security is shrinking.” “Boomers don’t have enough money to retire comfortably.” “A retirement crisis is looming.” Just a couple recent data points: –Working American [...] [...more]
Ford Motor Company is making an offer it hopes 90,000 former employees can’t refuse: a lump sum buyout of their pensions. The auto giant plans to offer a voluntary buyout of defined benefit pensions to salaried retirees and former employees, with payouts to start later this year. Although Ford hasn’t revealed the exact terms of [...] [...more]
What worries Americans most about their prospects for achieving a secure retirement? The cost of health care. Americans are less confident that they’ll have enough money to pay for medical and long-term care expenses in retirement than they are about their ability to cover basic expenses, according to the Employee Benefit Research Institute’s recently released [...] [...more]
Here’s something I never thought I’d do: publish an essay in a volume alongside Gloria Steinem, Jane Fonda and Jimmy Carter. But the editors at Sellers Publishers invited me about a year ago to contribute to a volume of essays called 65 Things to Do When You Retire, 65 Notable Achievers on How to Make [...] [...more]
When Harvey and Cora Alter decided to move away from Washington, D.C., for their retirement, friends were surprised to hear where they were going. The Alters weren’t even crossing a state line. They would move just 30 miles north of Rockville, Maryland, where they had raised two daughters, to Frederick — a town of about [...] [...more]
