Reuters Money

One man’s retirement crusade to help Detroit and baby boomers

November 3, 2011

Randal Charlton (REUTERS/handout)Randal Charlton has had a long, colorful career with plenty of ups and downs. In his 71 years, he’s done everything from tending dairy cows for a Saudi sheik to starting a jazz club in Florida. And as a lifelong entrepreneur, he has bought and sold 14 different companies.

Zap zombie funds within your portfolio

November 1, 2011

zombie index fundsDo you have zombie index funds within your portfolio?

Instead of eating up your brains, they devour your nest egg with high expenses and walking dead performance. They may be lurking within your 401(k)-type plan or individual retirement account.

Medicare Part B premium hike will be smaller than expected

October 27, 2011

Seniors caught a break Thursday when the Obama Administration announced that Medicare Part B premiums won’t rise as much as expected in 2012.

Retirement confidence falls, especially in Social Security: Poll

October 19, 2011

Talk about a race to the bottom: Which institution do you think is losing the trust of Americans to provide future retirement benefits most quickly – government, or private employers?

Target date funds get better and bigger, report finds

October 18, 2011

Target date funds are getting better – and that’s good news, because they’re also becoming the 800-pound gorilla of the workplace retirement saving scene.

What next for long-term care after CLASS act folds?

October 17, 2011

Kathleen Sebelius, Secretary of Health and Human Services REUTERS/Joshua RobertsThe federal government threw in the towel on creating a public option for long-term care coverage last week, and that would seem to be definitive for now.

Surveys say: Retirees are getting very nervous

October 17, 2011

Reference librarians are nothing if not precise, and Kevin Davey plotted his exit from the Chicago Public Library system with all the exactitude of a veteran fact-finder. His last day was Sept. 30 — just 48 hours after his 55th birthday and first day of retirement eligibility.

How cuts to Social Security Administration will hurt you

October 14, 2011

Undated handout photo. REUTERS/ICE/Handout  “Starving the beast” is a favorite conservative strategy for forcing cuts in federal spending. The idea is to deprive the government of revenue in order to force spending cuts – and resistance to new taxes is a central feature of the current Super Committee deliberations in Washington.

Some Medicare plans drop prices: time to shop is now

October 5, 2011

A nurse holds up a vial of H1N1 flu vaccine prior to an inoculation at the Geisinger Medical Center in Danville, Pennsylvania October 28, 2009. If you’re a senior on Medicare – or if you help out aging parents with their money matters  – it’s time to get ready to shop. The annual enrollment period for Medicare prescription drug and Advantage managed care plans is about to begin, and it’s one of the best opportunities of the year for seniors to save money.

Here’s the real Social Security Ponzi scheme

September 28, 2011

Gov. Rick Perry wants to have a conversation about means-testing entitlements. This is a softer, gentler version of the governor’s earlier assertions that Social Security is an un-Constitutional Ponzi scheme.