business - "retirement"

The first phase of a $540 million residential project in south Alabama that Birmingham's Daniel Corp. and retirement Systems of Alabama partnered on is now complete.

Charles and Anna Burge were so certain of retiring to Florida this year that they had begun packing up their house. The dining room of their Long Island, New York home is barren, spare a virtually empty china cabinet and a pile of cardboard boxes that hold its former contents.

The prospect of lucrative buyout packages is leading some state employees to put their retirement plans on hold. The Associated Press has found that Gov. Phil Bredesen's plans to try to entice about 2,000 state employees to volunteer for buyout packages has caused some who had notified the state of their imminent retirement to reconsider.

When I saw the statistic that almost half of Americans don't have a retirement plan at work, it hit me: Every time I've scolded people in this column for not taking advantage of their 401(k)-type plan, a sizable group of readers probably yelled back: 'Too bad I don't have one, lady.' It is too bad....

RADNOR, PA, and LOS ANGELES, CA (MARKET WIRE) Large bank holding companies (BHCs) and stand-alone banks reported bank-owned life insurance (BOLI) assets of $120.4 billion in 2007, reflecting a 15.9% increase from $103.9 billion in 2006, according to the 2008 edition of the Michael White-MullinTBG BOLI Holdings Report(TM). BOLI is used to recover the cost of supplemental employee health insurance benefits and to offset the liabilities of retirement benefits.

The economic downturn is hitting middle-aged and older American workers hard, forcing more than one in four to postpone retirement, according to a survey released Tuesday by the AARP.

STILL licking her wounds from losing $50,000 in the Westpoint collapse, Marsha Gusti now holds grave fears for money she invested in a Sydney retirement village scheme endorsed by former model Maggie Tabberer.

The consequences of having our health insurance tied mostly to our employment are complicated enough as it is, and with perhaps 45 million Americans uninsured one of those consequences is a big gap in coverage for many who need it most. Now it appears that the system is altering our retirement planning.

CHARLESTOWN, MA (MARKET WIRE) Today, Eons.com, the largest social networking site for baby boomers, revealed the findings of its 'Rebate Check Boomer Poll' which polled more than 700 members of the Eons.com community. The poll was conducted between May 6-12, 2008 and asked boomers, 'How do you plan on using the money from your rebate check?' The poll showed that more than 60 percent of boomers are either saving their rebate checks, using the money to pay bills, or are spending it on necessities like food and gas. A mere 18 percent are spending the money on consumer goods, travel or entertainment.

Don't expect any earth shattering news out of City Council's hearing today on politicians' use of a retirement perk that critics say was not meant for them.