retirement

americanmag/flickr

An effort to overhaul police and firefighter pensions is ready for consideration by the full Senate.

The bill, SB 172, changes the way state insurance premium tax revenues are used to fund local pension plans. It essentially enables local governments to use the money as they wish.

The bill is sponsored by lawmakers from both parties, including Sen. Rob Bradley (R-Fleming Island).

In the U.S., roughly 10,000 people reach retirement age every day. And though not everyone who turns 62 or 65 retires right away, enough do that some companies are trying to head off the problem.

Dave Tobelmann, who for 33 years developed new products for General Mills, retired five years ago at age 57 — around the same time as a number of other colleagues. "Yeah, I went to a lot of retirement parties," Tobelmann says.

Losing veteran workers is a challenge, even for big companies like General Mills.

11/10/14 - Monday’s Topical Currents examines our looming retirement predicament with James Russell, author of SOCIAL INSECURITY:  401(K)S AND THE RETIREMENT CRISIS. The pitch for 401(K)s began in the 1980s.  They were heralded by the financial services industry as better than traditional pensions. Russell says what was promised proved untrue . . .

Public domain / U.S. National Archives and Records Administration

After 79 years as the retirement mainstay of most American workers, Social Security is showing its age and desperately needs reform. That was the message in West Palm Beach Tuesday night from a trio of Democratic congressmen who vow to protect Social Security from Republican deficit hawks and make it more generous.

Wells Fargo

A recent survey by Prudential Financial advisors reveals the Hispanic American community places a priority on funding near-term goals, making it more difficult for Hispanics to prepare for retirement.

From Oct. 28 to Nov. 18 last year, the study polled 1,023 Americans who identify as "Hispanic." It covered several financial topics and what the driving force is behind making financial decisions in Hispanic American households.

Lee Cannon

The California-based real estate analysis company RealtyTrac has released a list of the nation’s top “Retirement Hot Spots for Real Estate Investing.” No surprise, Florida figures prominently - 7 of the top 15 cities are in the Sunshine State.

What might be surprising though, none of those are from South Florida.

One recent morning, Evelyne Lois Such was sitting at her kitchen table in Denver when the phone rang. Such, who's 86, didn't recognize the phone number or the deep voice on the other end of the line.

"He asked, 'Are you a senior?' and I said yes, and he said, 'Well, we are sending out all new Medicare cards, and I want to make sure I have all your statistics just correct,' " Such recalls.

Christine DiMattei

Playing cards -- even though you hate it.

Going shopping -- although you already have a closetful of clothes.

Staying home and watching television? Yawn.

Golf?  Not on your life.

Many of the senior citizens who gathered Tuesday in solidarity at Boynton Beach’s Cleopatra Arcade paint a grim picture of a future without their beloved senior arcades.

Wikimedia commons

How to be normal after your 65th birthday: according to a handful of new statistics we found on Careerbuilder.com (and a few other sources), the normalest thing you can do is get a job as an embalmer in South Dakota.