What is Your Retirement Number?


How far does a million dollars go in retirement? Depends on where you live.

There is a fascinating game you might want to play if it gets boring at your next house party. Just go around the table and ask each guest what their number is. I'll bet most of them already know what you mean because they've been thinking about it for years. Just how much money will they need to retire comfortably? That number will be different based on job stability and expectations. But it will also depend on where you want to retire.

Bloomberg Business asked the question, how far does a million dollars go in retirement. The answer? If you want to stretch it out, head down south. A million lasts 11.9 years in Hawaii and 16.4 years in California, while it lasts 26.3 years in Mississippi.  read more »

The Golden Years


Every day we work towards retirement, but for some people the golden years need a little more color.

Tony La Russa is a former baseball player and team manager currently serving as executive chief baseball analyst and advisor for Arizona Diamondbacks. He is also the co-founder of the bay area based Animal Rescue Foundation, and technically he's retired.

“I just think it's foolish unless you have something where you're going to retire and get busy doing.”

La Russa says while he has had a lot of success both pre and post retirement, he rode into the hall of fame on the coat tails of other successful people.  read more »

Retired Women at Risk


Men and women are living longer, but women often face the bigger financial burden in old age. According to a recent survey published in USA Today, lower wages and higher medical costs are putting retired women at greater financial risk for financial ruin than men.

According to AARP, retired women pay about $600 more per year than men on out of pocket medical costs. But they save less. According to the Transamerica Retirement Survey, one reason is many women put family ahead of self. And women often have less money than men to pay for long term health care. They generally earn less, $0.80 to the dollars, and women spend more time out of the work force caring for children or aging parents.  read more »

Retirement Plans


Getting ready to retire; you might want to consider packing your bags.

According to the social security administration just under 400,000 American retirees are now living outside of the U.S. The number grew 17% between 2010 and 2015 and is expected to increase even more over the next ten years as more baby boomers retire.

The people heading out to see the world cite the cost of living as one of the biggest reasons for trying something new. They say it's impossible to live on a fixed income in most major cities in the U.S. and that doesn't appear to be changing anytime soon. So they are heading to countries such as Canada, Japan, Mexico, Germany and the United Kingdom.  read more »

Starting Over


For years you work towards retirement, but maybe you need a plan B.

Joe Bartley is an 89-year-old army veteran living in Britain. Recently he placed an ad asking for employment. The ad read “senior citizen seeks employment, twenty plus hours per week. Still able to clean, light gardening and do it yourself.”

The ad received so much attention that local media asked Bartley the reason behind it. He says his wife died two years ago and he now lives in a senior living center. He says he goes to the center's community area but no one's there and when he goes home he has no one to talk to. In short, Bartley is bored out of his mind.  read more »

Police Dog Pension


Every day they put their lives on the line for the protection of the public; and their paycheck is nothing more than a pat on the head.

Police dogs protect and serve all over the world. They sniff out drugs, run down the bad guy and in some cases make the ultimate sacrifice for their human counterparts. Now one man says they deserve more for their efforts than a bowl of kibble. And he thinks it should come in the form of financial security.

Paddy Tipping is a crime commissioner in the English county of Nottinghamshire. He wants to reward the county’s police dogs with pensions on retirement. Tipping says right now the dog’s handlers take them in once they retire from the force. That includes paying all the bills related to the dog’s care.  read more »

Retirement Destinations


The turbulent economy may have cleaned out your retirement account. But your golden years aren’t completely lost.  read more »

Rebuilding Your Nest Egg

If you’ve been dipping into your savings account or busting up your 401- k to stay afloat, how can you build your nest egg back up?

Millions of people are looking for work while millions of others are moving from full to part time, as companies cut back. With cash tight, people are dipping into their rainy day funds because, well, it’s raining. So investment analyst Ken Winans says now is the time to plan for a way to fill up that piggy bank a day at a time. While there are still safe companies to invest in, if the market is too volatile for you then cut back your spending. Winans says it’s time to live within our means.  read more »

Let's Retire the Word Retirement

This week I kick off my new website with a promise. I intend to use this interactive media web world to help explain and put in perspective this incredibly daunting new world of business, using as a guide my three decade background as a business journalist and entrepreneur.

Those of you who have followed my long career as friends and fans may wonder why I take on this “new job” at an age when I should be playing golf or just sitting on my achievements, fondly recalling the thousands of television stories and radio interviews I’ve produced in the U-S and around the world over thirty years.  read more »

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