by Associated Press Published: March 10,2011
Tags: retirement
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 that plan [...] [...]
by Jonathan Easley Published: February 17,2011
Tags: City Committee, pensions, retirement
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 Broadmoor, [...] [...]
by Associated Press Published: September 15,2010
Tags: benefits, public, retirement
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 by Republican [...] [...]
by Rebecca Tonn Published: October 16,2009
Tags: Financial Planning, Northwestern Mutual-Denver, Pinnacle Financial Concepts, retirement
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 years after [...] [...]
by Rebecca Tonn Published: September 25,2009
Tags: Health Care, retirement
When saving for retirement is perceived as glamorous — for traveling to Hawaii or dining al fresco on the Mediterranean — it’s more palatable than realism. But the harsh reality is that nearly everyone will need health care while retired. And insufficient savings for health care will make most other retirement hopes mere fantasies. A July survey [...] [...]
by Rebecca Tonn Published: August 28,2009
Tags: retirement
For years, pensions were a part of American life. As long as employees worked 35 years for a company, they didn’t have to fret about retirement plans — it was the employer’s responsibility. But bygones are bygones. Over time, employees have had to take personal responsibility for their retirement planning. “We’ve shifted from the pension world of [...] [...]
by Rebecca Tonn Published: August 21,2009
Tags: retirement
Roll it, take it, leave it or move it. Those are the options — if you’re part of the 8.1 percent of people in El Paso and Teller counties (as of June) who are unemployed, or if you’re changing jobs. In the interests of being linear — much like no one in his or her right mind [...] [...]
by Rob Larimer Published: May 28,2009
Tags: retirement
Most working folks aren’t thinking retirement yet – especially in the midst of a recession. Their parents and older relatives, on the other hand, might be considering alternatives to typical single family or apartment housing. If that’s the case, the city’s first Parade of Retirement Homes, scheduled for June 6 and 7, might be just the ticket. Stops on the [...] [...]
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