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Preparing business for employee retirement

Ask six different people when they want to retire, and chances are you’ll get six different answers. If you’re a business owner with an aging workforce, the answer to that question can have big implications. While business owners might have given thought to their own retirement plans, they need to devote just as much time… Continue Reading Preparing business for employee retirement

Our retirement is our responsibility, yet many people do not think about how they are going to spend their retirement time. More importantly, even fewer people plan on how to fund it until it is too late. If you are old enough to drive, it is time to think about retirement. In March 2013 the… Continue Reading Beware of these six common retirement mistakes

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Odell plans May retirement from BBB

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Carol Odell, who has been the head of the Better Business Bureau of Southern Colorado for more than two decades, plans to retire May 3. The nonprofit is now accepting applications for the position. As its CEO and executive director, Odell oversees a staff of 19 with an annual budget of $1.2 million. In the… Continue Reading Odell plans May retirement from BBB

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Tim Beeson has been investing his retirement savings in real estate for almost two decades, and he has noticed he’s not alone anymore. Continue Reading Investors buying real estate with retirement money

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Domestic partners face unique challenges in their retirement planning, including steep upfront costs to create retirement income options that come more easily for married couples. Continue Reading Advisers help domestic partners plan for retirement

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Dramatic drops in homeownership levels might indicate changing attitudes about the importance a house plays in retirement planning, local financial advisers say. Continue Reading Homeownership a smaller part of retirement planning

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Colorado state employees are headed to the Capitol to tell state lawmakers that increasing their retirement contribution rates is a pay cut. The House Finance Committee is hearing Thursday from state employees who are being asked for another year to increase what they contribute to their pension funds. The Senate has already signed off on… Continue Reading Colorado employees to share toll of pay cuts

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The City of Colorado Springs’ spending levels and unfunded liabilities are leading it into a “downward spiral” and potentially toward a “financial crisis,” according to a report by the City Committee of Colorado Springs. The volunteer, independent City Committee was formed by Chuck Fowler, president of Fowler Communications Co., and Steve Bartolin, CEO of The… Continue Reading Watchdog group: City on path toward ‘financial crisis’

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The security guards at the headquarters of New Jersey’s pension fund have never seen anything like it before: lines of public employees extending out the door and into the street. Day after day, workers come in droves to apply for retirement. They often line up before dawn. The rush has been set off in part… Continue Reading States cutting benefits for public-sector retirees

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Recommendations for retirement planning

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Longevity is one of the biggest risks of retirement — and life expectancy is steadily increasing. By age 75, life expectancy increases to 86.9 years for females and 84.6 years for males. Ironically, people with a higher life expectancy tend to be pessimistic and think they will die young. “You may live 20 to 40… Continue Reading Recommendations for retirement planning

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