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Planning to Retire

July 2008


Mick Jagger Turns 65

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Rolling Stones frontman Mick Jagger reached retirement age on Saturday. But the deep grooves lining his face don't mean he can't groove. This aging but still gyrating rocker's last tour with the Stones in 2007 grossed close to $558 million.

Sir Mick is now eligible for a U.K. pension of just under ...

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celebrities
retirement

The Demi Moore Model of Retirement Planning

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Sometimes, saving for retirement seems an awful lot like going to the dentist. You worry about it a lot before you go. Then, you busy yourself with some extra brushing and flossing immediately preceding your visit. But after you finally succumb to a half-hour under the bright lights, your shiny and ...

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Generation Glum

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America's baby boomers are feeling gloomy. Yes, you couldn't pick up a newspaper or turn on the TV all weekend without hearing grim economic news. But the members of this especially large generation born from 1946 to 1964 are more downbeat about their lives than older and younger adults, according ...

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TAGS:
depression
money
baby boomers

The State of Retirement Planning

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People who live in U.S. News's hometown of Washington have the best shot at retirement security, according to a new study. Yes, the cost of living is among the highest in the country. But workers in the District of Columbia are much more likely to have federal government pension plans and retiree ...

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retirement
Washington, DC

Surprise Expenses in Retirement

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Mike Pride, a Concord Monitor columnist in New Hampshire, was looking forward to retirement until he actually got there. He expected normal monthly bills, property taxes, and a visit to his wife's parent's home in Belgium. But he didn't foresee record high oil prices and a 401(k) that rapidly ...

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TAGS:
money
retirement

A Spending Target

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After you've amassed a nest egg, you need to develop a plan for sustaining it. But workers aren't sure how much they can spend in a given year and still make their savings last a lifetime. A recent MetLife Mature Market Institute and GfK North America survey found that 43 percent of workers between ...

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TAGS:
retirement
savings

A Taxing Decision

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Want to save money on taxes in retirement? Give Alaska a try. It's the only state in the country without a state income or sales tax. But before you grab your parka, here's a look at other states with low tax rates.

Income tax. Seven states have no income tax: Alaska, Florida, Nevada, South Dakota,

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TAGS:
retirement
taxes

Updating Your House for Old Age

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My 89-year-old grandmother recently had a new washer and dryer installed on the ground floor of her house so that she will no longer have to navigate the stairs to do her laundry in the basement. And several years ago she had grab bars installed in the shower to prevent her from slipping, which is ...

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TAGS:
retirement
housing