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Planning to Retire

June 2008


Sudden Illness Caused Paulette Geller to Retire Young

Paulette Geller, 64, planned to work until 66 or 67, to boost her Social Security check. (Social Security benefit amounts are based on a person's top 35 years of working income and increased for each year one delays claiming up until age 70.) Then, after successful foot surgery, she was being ...

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retirement

Picking Out a Job for the Pension

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When Luann Alshiemer, 49, of Utica, N.Y., chose to become a police officer, she was already thinking about the retirement options. She would be eligible for a full pension after 20 years with the force. "People thought I was crazy when I took the job at the police department," Alshiemer says. "I ...

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retirement
pensions
careers

Retiring Into an Uncertain Job Market

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Many people forced or enticed into retirement earlier than planned have to find a new job to "cheer up your 401(k)," as Susanne Johnson, 62, of Long Grove, Ill., puts it. When she was 56 in 2002, Johnson accepted an early retirement offer from United Airlines. The airline was going into bankruptcy ...

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careers
retirement

Cutting Back on Work to Take Care of Mom

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Janie Scott, 60, an occupational therapist in Columbia, Md., has scaled back her work hours and accepted lower-paying jobs so that she can spend more time taking care of her mother, who has mild cognitive impairment, in Naples, Fla. Her caregiving requires Scott to travel south at least once a ...

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retirement

Retirement Goals Rated

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It's nice to dream about where you might live in retirement, all the great books you'll finally have time to read, and the new hobbies you'll pursue. But when Transamerica and GfK Roper Public Affairs and Media asked 2,015 adults over age 50 about their top priorities as they transitioned into ...

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retirement