Retirement

Working Late: Older Americans On The Job
8:56 am
Wed February 20, 2013

When A Bad Economy Means Working 'Forever'

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The recession put a dent in Sims-Wood's savings, and she expects she'll have to stay in the workforce "forever."
Gabriella Demczuk NPR

Originally published on Wed February 20, 2013 5:34 pm

Increasingly, people are continuing to work past 65. Almost a third of Americans between the ages of 65 and 70 are working, and among those older than 75, about 7 percent are still on the job. In Working Late, a series for Morning Edition, NPR profiles older adults who are still in the workforce.

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Money Matters
5:00 am
Tue September 18, 2012

Are you saving enough for the golden years?

s_falkow flickr.com

The numbers are staggering. Three-quarters of the population approaching retirement (aged 50 to 64) earns less than $53,000 a year. That group has saved an average of $26,000 in their retirement accounts. Even adding in social security, one forecaster estimates retirees will be able to pay only $5 a day for food.

Financial commentator Greg Heberlein and KPLU's Dave Meyer look at the looming retirement crisis on this week's Money Matters.

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Money Matters
5:00 am
Tue July 17, 2012

When should you start collecting Social Security?

Social Security Administration

One of the great debates among those approaching retirement is whether to take Social Security benefits at age 62, 66 or 70.  

There's no one-size-fits-all answer. Financial commentator Greg Heberlein and KPLU's Dave Meyer explore the options on this week's Money Matters.

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Money Matters
4:30 am
Tue December 13, 2011

It's never too late to plan for retirement

Will you make it through the financial maze and reach retirement?
Keith Ramsey flickr.com

The end of the year is a great time to review your finances. Are you saving enough for retirement?

According to U.S. News & World Report, about a third of all Americans have nothing saved for retirement. Fortunately, it's never too late to start building your nest egg.

On this week's Money Matters, financial commentator Greg Heberlein and KPLU's Dave Meyer look at ways to prepare for "the golden years".

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Money Matters
5:00 am
Tue June 14, 2011

Managing your 401(k): Make a plan and stick to it

Gerard Van der Leun flickr.com

Sixty percent or more of American families have 401(k) or 403(b) retirement plans. If you're under the age of 50, you can invest up to $16,500 in tax sheltered dollars each year in your retirement fund (and your employer can put in even more). If you're 50 or older, you can invest $22,000. But how many of us know how to manage these investments? You need to have a plan and stick to it. On this week's Money Matters, financial commentator Greg Heberlein tells you how to do it.

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Education
3:34 pm
Tue May 31, 2011

PLU President Loren Anderson announces plan to retire

Loren and MaryAnn Anderson have announced their intent to leave Pacific Lutheran University in the spring of 2012, at the end of the academic year.

“The time is right for the university,” Loren Anderson, 65, said. “It’s a perfect time for new leadership as another era of progress and development is about to open for PLU.”

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Elders and aging
5:10 pm
Wed March 30, 2011

Avoiding poverty as you age

Enjoy retirement, if you can, at Safeco Field
Matt McGee Flickr

How much income will you need to be financially secure after age 65?  It’s often hard to know. A new study shows what it costs for the elderly in Washington to live at home and stay out of debt.  

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Money Matters
4:56 am
Tue March 15, 2011

Worried about pensions?

Are you losing sleep over your pension fund?

Public and private pension funds are under a lot of stress due to the Great Recession. The Washington Post's Peter Whoriskey recently reported state and local pensions may be underfunded by $1.5 trillion more than previously thought. NPR has reported the states are facing a $3 trillion pension shortfall.

But financial commentator Greg Heberlein tells KPLU's Dave Meyer the situation may not be as bad as it looks.Greg says there's cause for concern, but he's optimistic. 

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