RetirementRevised

Ideas for life's next chapter

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At HuffPo: Booting Part D insurer a good start

Mar 11, 2010 6:18pm

The Federal government ejected a big insurance company from the Medicare prescription drug program this week–an unprecedented move and a shot in the arm for health care reform advocates. My question: Why stop there? The Centers for Medicare & Medicaid Services (CMS) said it booted New York-based Fox Insurance after it...

Chris Farrell sees a new frugality emerging for retirement

Mar 11, 2010 8:23am

Chris Farrell is an optimist, so when he talks about the Great Recession he looks for the silver lining. The economics editor for public radio’s Marketplace Money, Farrell thinks the recession is ushering in some very healthy changes in our consumer behavior and personal financial habits. The debt-and-consumption driven 1990s are...

Brightscope shines a new light on 401(k) fees

Mar 4, 2010 8:32am

No one is immune to the stock market’s ups and downs. But if you participate in United Airlines’ 401(k) plan, you’ve got a better shot at reaching your retirement goals than the workers at American Airlines. Programmers at Google have better odds than the cashiers at Whole Foods or Wal-Mart....

Medigap coverage is changing this year

Feb 26, 2010 3:42pm

Reprinted by permission of ElderLawAnswers Several changes are coming to Medigap plans, which supplement Medicare’s coverage. In June 2010, four current plans will be dropped and two new plans will be added, bringing the total number of available Medigap plans to 10. Between co-payments, deductibles, and coverage exclusions Medicare does not...

Encore.org offers free career seminar

Feb 26, 2010 3:22pm

Encore.org is offering a free telebriefing on encore careers this coming week, featuring experts who will offer tips on how to find an encore career that offers continued income doing work that offers personal fulfillment and social impact. The 45-minute call will take place on Wednesday, March 3, at 3:00 p.m....

Is a Roth conversion right for you?

Feb 25, 2010 4:43am

2010 is the year of the Roth IRA conversion. But is a Roth right for you? A change in federal law has eliminated income limits for eligibility to convert traditional tax-deferred retirement savings to Roths. As a result, mutual funds and financial advisers are marketing conversions this year with gusto. Unlike a...

Career changers can tap experts on aging at conference

Feb 22, 2010 1:36pm

If you’re looking for a mid-life career switch or entrepreneurial opportunity, you should be consider serving the country’s growing population of older adults. Demographics dictate that aging will be a growth market for years to come–and there’s no better opportunity to learn about it than at the annual Aging in...

How to avoid pitfalls in automatic retirement saving

Feb 17, 2010 3:36pm

On long driving trips, I love to use cruise control. I just set the speed once and stop worrying about how fast I’m going. Of course, I still need to steer, and watch out for other drivers. Automation can be good for retirement saving, too–but only up to a point. Employers have...

Jobless numbers fell for older workers in January

Feb 11, 2010 11:49am

The unemployment rate for workers over age 50 fell to 6.8 percent in January, down from 7.2 percent in December, according the Bureau of Labor Statistics. For those ages 45 to 54, the jobless rate declined to 7.6 percent last month from 7.9 percent a month earlier. The jobless rate...

Recession darkens the retirement outlook for women

Feb 10, 2010 5:37pm

Janice Johnson left her job as a managing director at a major New York financial services company at age 49 to start her own executive training business. Almost immediately, that plan was sidetracked when her mother became seriously ill with the West Nile virus. Traveling to Mississippi–where her mother lived–to...