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Retirement
The nation's leading organization for seniors launched an online effort yesterday to help companies recruit and retain workers 50 and older. Risk-Reward Gamble A shift -- from the New Deal to the Ownership Society -- is a sea change in the way Americans view the relationship between themselves and the government, and between themselves and the rest of society. Bush's Social Security Formula Is Weighed The administration's proposed social security plan would cut promised benefits by nearly a third in the coming decades, several Republicans close to the White House say. In the News
Shrinking Coverage: Fewer Employers Pay for Retirees' Health Benefits (Post, Dec. 15, 2004)
Pension Promise No Guarantee of Security: Bankruptcies Can Mean Sharply Reduced Payouts (Post, Oct. 12, 2004) Congressman to Push for Tougher Pension Rules (Post, Sept. 14, 2004) Many Area Firms Avoid Pension Crisis: Bills in Congress Would Change How Retirement-Plan Liabilities Are Computed (Post, Nov. 3, 2003) Federal Pension Provider Overwhelmed (Post, July 2, 2003) Embarking on a Second Act: More Older Workers Are Skipping Retirement to Try New Careers (Post, April 19, 2003) Treasury Wants To Permit Firms To Convert Pension Plans (Post, Dec. 10, 2002) Are You Saving Enough to Be Prepared? Our Look at 7 Households May Provide a Clue (Post, Sept. 26, 1999) Seven Retirees' Stories • Single Father Dennis Dean Kirk • Federal Worker Alicia O. McPhie • Musician Patricia Ann Smith • Kishan and Padma Baheti • John and Jill Charlton • Letitia Gomez and Sabrina Sojourner • Lynn Halverson and Douglas Lee Retirement Journal Hindsight Is Golden If I had it to do all over again... Related Columns • Retirement Journal archive
Smaller Savings May Suffice How much should you save to retire at your current standard of living? To answer that question, many of us turn to a retirement work sheet or calculator. Ten Ways to Prepare • Find out what Social Security will provide. • Research your pension and how the money from it will be paid. • Calculate your savings in 401(k) plans, IRAs and other assets. • Start saving! • Calculate how much income you will need when you retire. • Estimate your retirement age and life span. • Look into estate planning, including will preparation, power of attorney, and long-term care insurance. • Review your investments as you age. • Develop a tax strategy. • Factor in special considerations such as tuition or inheritance. (Read More Details) © 2002-2005 The Washington Post Company |
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Retirement
