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News For Category: retirement

09.04.2010

McCourt delves into marriage at divorce trial: [AP] - Dodgers owner Frank McCourt described himself Friday as a devoted husband who tried to comply with his wife's exorbitant wishes but stopped when she sought $250 million for her personal use.
401(k) loan? It may make sense: [Bankrate.com] - New research suggests it may be worthwhile to use retirement money to pay off some types of debt.
5 investment strategies for retirees: [Bankrate.com] - Some investments offer income and safety. Consider these places to stash your cash.
McCourt: Wife thought Dodgers purchase was risky: [AP] - Former Dodger CEO Jamie McCourt didn't want to take the risk associated with buying the Los Angeles Dodgers six years ago and only started representing herself as a co-owner last summer when her marriage was on the ropes, her estranged husband testified Thursday at their divorce trial.
Health law's retiree perk won't last long: [at MarketWatch] - If you are among the estimated 1.3 million retirees too young to qualify for Medicare but fortunate enough to have employer-sponsored health care coverage, count your blessings. The next two years could bring a bit of a windfall.
Don't tap retirement fund to pay off mortgage: [at MarketWatch] - In this week's Realty Q&A, a retiree says his only debt is his $94,000 mortgage, and he wonders whether he should tap his 401 to pay off that bill. Lew Sichelman offers some advice.
NYC Off-Track Betting goes to tougher plan 'B': [AP] - New York City Off-Track Betting Corp. CEO Greg Rayburn says failure to negotiate a deal with the agency's unions to take advantage of a state early retirement incentive means OTB has to turn to another way to remain solvent.
Another Option for Early-Retirement Withdrawals: [Morningstar] - If you're faced with having to tap retirement savings for income prematurely, 72 distributions make sense--in very specific situations.
France firm on raising retirement despite protests: [AP] - Massive street protests planned for next week won't dent the French government's resolve to raise the retirement age from 60 to 62, the labor minister said Thursday.
McCourt: Dodgers mistake in postnuptial was caught: [AP] - Frank McCourt testified Wednesday that a mistake was caught that would have excluded the Los Angeles Dodgers as his separate property in a postnuptial agreement, but he couldn't remember who first noticed the purported error.
Mississippi universities cut jobs, trim programs: [AP] - Job cuts, retirements and scaled-back programs are some of the steps Mississippi's eight public universities are taking to deal with tight finances this school year and the next.
Spain halves deficit with painful austerity cuts: [AP] - Spain's deficit is down sharply thanks to an unpopular cocktail of tax hikes and austerity cuts -- good news for a government fighting to ward off fears it might need a bailout like the one that saved Greece from bankruptcy.
Purdue trustees approve early retirement offer: [AP] - An early retirement package has been offered to more than 1,600 Purdue University staffers with hopes that it will cut personnel costs by $6.6 million a year, school officials said.
4 good reasons to borrow from your 401(k): [Bankrate.com] - Sometimes it makes sense to tap your retirement account. Be sure to understand the tradeoffs.
Dodgers owner takes stand in own divorce trial: [AP] - Frank McCourt testified Tuesday in his divorce trial that a now-contested postnuptial agreement was his wife's idea to protect her assets from his creditors.
Pension fight stalls sale of Philly newspapers: [AP] - The bankruptcy sale of Philadelphia's two major newspapers has been delayed two weeks as creditors poised to take over try to hammer out labor contracts with several Teamsters units.
Early retiree program to help 45 Va. organizations: [AP] - Forty-five businesses, government agencies and other entities in Virginia will receive help from the federal government to continue insurance coverage for some early retirees.
Calif. bill seeks to address excessive pensions: [AP] - Responding to pay scandals in the Los Angeles city of Bell, the California Legislature advanced bills Monday intended to restrict methods that have been used to inflate the pensions of public employees.
Death of equities may be exaggerated, data show: [at MarketWatch] - Reports of investors fleeing the stock market may have been overstated. In fact, rather than leaving stocks behind, evidence suggests that investors are ditching U.S. stock mutual-fund managers and putting money into index funds.
Optimize Your Portfolios by 'Combining' Them: [Morningstar] - The Combine feature in Morningstar.com's Portfolio Manager tool allows investors to create a streamlined view of their assets to help accomplish specific goals.

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