Retirement

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Update: On Friday, The U.S. Treasury Department notched a victory for more than 200,000 retired Teamsters across the country, who had been promised a comfortable pension. The Department rejected a plan from Central States Pension Fund that would have cut pensions by more than 50 percent in many cases.

Central States argued it had been hit hard by the Great Recession. The ruling impacts about 15,000 retired truck drivers and dock workers in Wisconsin, who belong to the Teamsters union.

Americans collectively are losing billions of dollars a year out of their retirement accounts because they're paying excessive fees, according to researchers studying thousands of employer-sponsored retirement plans across the country.

The rearchers say part of the trouble is that many employers that offer 401(k) plans to their workers are outgunned by financial firms that sell them bad plans loaded with hefty fees. That's especially true, they say, for small and midsize employers that don't have much financial expertise in-house.

Essay: The Retirement Revolution

Feb 11, 2014

Hi, I’m Carol and I’m retired. Now without thinking, does your mind immediately picture someone ancient and befuddled, physically and mentally in decline? That’s one of the ageist stereotype applied to retirees; people worn out, dried up and a burden on society.

Just so you know I’m an active 59 years old, work out four times a week, and I just finished writing my first book.

Granted I retired early, adding one more to the 8,000 baby boomers  who, starting in 2011, retire every single day. People who on average will live 20 to 30 years past retirement age.