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☆ Trump’s victory has some liberal judges reversing their retirement plans
▼ + stars: | 2024-12-05 | by ( Tierney Sneed | ) edition.cnn.com time to read: +7 min

Other judges have reversed retirement plans after electionsA handful of judges in recent years have also reversed retirement plans when they have not been able to secure a preferred successor, including US District Judge Karen Caldwell, a judge who sits in McConnell’s home state. Cogburn and Marbley are also not the first judges to back off retirement plans after an election. As McConnell himself highlighted, a district judge did the same about-face after President George W. Bush’s reelection in 2004, and another changed his retirement plans when Obama won in 2008. CNN’s messages seeking comment from the two judges submitted with the judges’ courts were not returned. But, Wheeler said that McConnell “may be having the effect he wants” if the two appellate judges are “wavering” about whether to keep to their retirement plans.

Persons: Donald Trump, Joe Biden won’t, Mitch McConnell, ”, McConnell, “, Algenon Marbley, Bill Clinton, Judge Max Cogburn –, Barack Obama –, John P, Collins, ” Collins, Karen Caldwell, George W, Bush’s, Obama, Biden, Jane Branstetter Stranch, James Andrew Wynn, Wynn, unretired, ” McConnell, “ It’s, ’ backstories, Clinton, Republican Sen, Jesse Helms, Stranch, Karla Campbell, Campbell, Ryan Park, Russell Wheeler –, –, Merrick Garland, Wheeler Organizations: CNN, Kentucky Republican, Trump, Southern District of, “, Western District of, Reuters, George Washington Law School, US, Biden White House, GOP, Republicans, Stranch, Trump Justice Department, Democrats, Republican, Biden, Brookings Institution’s, Supreme Locations: Southern District, Southern District of Ohio, Western District, Western District of North Carolina, North Carolina, Ohio, Brookings

☆ After losing her job, a boomer is 'walking a tightrope' between retiring early and searching for work
▼ + stars: | 2024-12-01 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

AdvertisementAndrea, 64, faces a tough choice after a layoff: find a job or start collecting Social Security. She had planned to keep working until she reached retirement age at 67. Decisions about when to stop working and take Social Security have become a cornerstone of the retirement experience. Many wished they had waited to receive their maximum Social Security benefit, while others retired early for reasons outside their control. She said her husband, who is a retired attorney, receives several thousand dollars a month between his Social Security checks and pension.

Persons: Andrea, Andrea —, that's, you'd, Roth, Doug Ornstein, Ornstein, — Organizations: Social, Social Security, Roth IRA, LinkedIn Locations: Minnesota's Twin Cities, TIAA, United Kingdom

☆ A baby boomer living on $1,470 monthly in Social Security returned to work to support her children and grandchildren: 'I try to help as much as I can'
▼ + stars: | 2024-11-26 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Many older Americans say monthly Social Security checks aren't enough to pay their bills. Pamela Shields is one of many older Americans who "unretired" because she couldn't live solely off her Social Security checks. Shields lives in Fort Worth, Texas, on her $1,470 monthly Social Security payments. Business Insider talked with more than 50 baby boomers who primarily rely on their monthly Social Security checks to get by, and many said that wasn't enough to cover essentials. AdvertisementShe unretired when she realized her monthly Social Security payments wouldn't be enough to support herself or her family.

Persons: Pamela Shields, Shields, she'd, she's, you'd, She's, she'll, I'm Organizations: Security, LinkedIn, Social, Business, Social Security, AARP, University of Chicago's Locations: Fort Worth , Texas

☆ Meet the typical retiree: A married woman in her 70s living on $30,000 a year in Maine or Florida
▼ + stars: | 2024-03-10 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

They're likely married, stopped their education after high school, and are making up a bigger share of the population in states like Maine and Florida. Even when they've been married once, women are still more likely than men to hold no retirement savings. Per Gallup, the average retirement age in the US has been rising. Similarly, Americans' "target" retirement age increased from 60 in 1995 to 66 in 2022. The "full" retirement age to receive maximum Social Security benefits is 67 for those born after 1960.

Persons: —, They're, they've, Gen, That's Organizations: Service, Pew Research, Business, Social Security, Gallup, Security Locations: Maine, Florida, New England, New Hampshire, Hawaii, . Maine

☆ Just over half of Americans over the age of 65 are earning under $30,000 a year, and it shows how stark the retirement crisis is
▼ + stars: | 2024-03-04 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Many older Americans are financially vulnerable, with over half living on incomes of $30,000 or less a year. And, as Sanders' report notes, about 10% of older Americans live in poverty, according to an analysis from the Center on Budget and Policy Priorities. Without Social Security income, around 38% of Americans 65 and older would be living below the poverty line. Even so, America's Social Security benefits lag behind many other wealthy countries; benefits amount to, on average, 51.8% of workers' earnings across the OECD. All of that comes as older Americans see their adult children leaning on them financially, as Gen Zers and millennials weather their own economic storms.

Persons: Bernie Sanders, —, Sanders, Zers, I'm, Jane, you'll Organizations: Service, Health, Education, Labor, Wall, Survey, Federal Reserve's Survey, Consumer Finance, Budget, Security, OECD, Social Security Locations: Japan

☆ Meet a boomer who unretired to help her Gen Z kids get through college and find stability: 'They're terrified'
▼ + stars: | 2024-02-23 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Like many other parents, Jane said she sees her adult children stuck in an economic predicament that isn't of their own making. "Home prices and rent prices and automobile prices — I don't think that they're aligned with wages in a fair, or in a reasonable, way," Jane said. She wants to get her kids through college and see if they're able to find jobs that are decently paid. But that doesn't mean she's immune to the Sunday scaries: "On those Sunday nights and Monday mornings, I really, really regret it. "I'm hopeful for that, but I'm really not really expecting it," she said.

Persons: Jane, she's, — she's, we're, We're, Jane —, —, they're, it's, Gen Zers, Younger boomers, I'm Organizations: Pew Research Center, Pew Locations: Texas

☆ 40-year-old who retired early as a millionaire: It was 'boring' and I only lasted 5 months—here's why
▼ + stars: | 2024-02-15 | by ( Allison Esposito Medina | ) www.cnbc.com time to read: +2 min

I worked at Foursquare and Google, and in 2014, I started my business, Tech Ladies. I was proud of the mission, but I never exercised or took a vacation, and I rarely saw friends. From retired to unretiredWhen I retired, we moved from New York City to New Jersey for my husband's job. I started weightlifting and took long walks with new friends. The truth is, I never had balance in my worklife before, but I owed it to myself now to try.

Persons: Addie, couldn't, Gen Z, I'd Organizations: Google, Tech Locations: York's, New York City, New Jersey

☆ Kiss Loves to Say Goodbye. Is Its Rock ’n’ Roll Really Over?
▼ + stars: | 2023-12-01 | by ( Rob Tannenbaum | ) www.nytimes.com time to read: +3 min

But Sinatra returned two years later, to much ballyhoo and chart success, with the album “Ol’ Blue Eyes is Back.” Bowie was paying attention. “David was a big Sinatra fan,” his former manager, Tony DeFries, recently told Mojo magazine. Bowie’s retirement was a ruse, DeFries added, to generate publicity and whip up demand for a headlining tour of big venues in the United States. It worked; in 1974, Bowie played arenas across the country, including two shows at Madison Square Garden. After Bowie retired in 1973, then unretired in 1974, he retired a second time in 1975.

Persons: Bowie, It’s, Frank Sinatra, “, Plato, Gene Simmons, Sinatra, ” Bowie, “ David, Tony DeFries, DeFries, Elton John, ”, “ Elton, hasn’t, Lazarus, “ I’ve, ” Ozzy Osbourne, Judas Priest, Mötley Crüe, Cher, Meatloaf, Tina Turner, Barbra Streisand, “ I’d, ” Trent Reznor, Cameron Crowe Organizations: Mojo, Madison, Wembley, Billboard, Philippine Daily Inquirer, Playboy Locations: United States, London

☆ MIT neuroscientist: 3 'remarkable' things that happen to your brain when you get rich
▼ + stars: | 2023-11-15 | by ( Dr. Tara Swart Bieber | ) www.cnbc.com time to read: +3 min

Imagine waking up one morning and discovering that your financial circumstances have taken an extraordinary turn: you just received a huge financial windfall. As a MIT neuroscientist, I've always been fascinated by the intricate dance that occurs within the brain during these life-altering moments. Here are three remarkable things that happen to your brain when you unexpectedly receive a large sum of money overnight:1. As reality sinks in, bargaining could emerge, as the individual negotiates with themselves about how to manage the newfound wealth. Ultimately, acceptance can settle in, as the individual works through their changed reality and forges a path forward with their newfound wealth.

Persons: I've, —

☆ This 91-year-old has had the same job for 75 years—his best advice for a long, happy career
▼ + stars: | 2023-11-08 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Bob Rohloff didn't expect to find his dream job when he was 16 — or that he'd stay in the same career for the rest of his life. The Wisconsin native started cutting hair in 1948, training under his dad, Erv, who was a barber. 1930s Courtesy: Rohloff familyStill in his teens, Rohloff took hands-on barber training at the Appleton Vocational School in Appleton, Wisconsin, a 20-minute drive from his hometown, Black Creek. Following graduation, Rohloff opened two shops in Wisconsin and then worked in Arizona for 18 years. At this point, Rohloff says he can't imagine his life without working in a barbershop.

Persons: Bob Rohloff didn't, Erv, Rohloff, Marian, Mark Karweick Organizations: Appleton Vocational School Locations: Wisconsin, Appleton , Wisconsin, Black, Arizona, Hortonville , Wisconsin

☆ This 91-year-old just opened a barber shop in Wisconsin: ‘I’m too happy to quit’
▼ + stars: | 2023-10-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Bob Rohloff has been cutting hair for almost as long as he's been alive — and at 91 years old, he doesn't plan on stopping anytime soon. In June, Rohloff opened Bob's Old Fashioned Barbershop in Hortonville, Wisconsin, a 20-minute drive from his hometown, Black Creek, and a 2-hour drive north from Milwaukee. He started cutting hair in 1948, training under his dad, Erv, who was also a barber, and honing his skills at the Appleton Vocational School in nearby Appleton, Wisconsin. After graduating, he opened two shops in Wisconsin, then moved to Arizona in 1990 and spent 18 years working there. Erv Rohloff cutting Bob's hair circa.

Persons: Bob Rohloff, Rohloff, Erv, Marian, Mark Karweick, Bob Organizations: Appleton Vocational School Locations: Hortonville , Wisconsin, Black, Milwaukee, Appleton , Wisconsin, Wisconsin, Arizona, Michigan, Appleton

☆ 68-year-old who 'unretired': I went on a 30-day silent retreat—what I learned about how live a happy, regret-free life
▼ + stars: | 2023-09-05 | by ( George Jerjian | ) www.cnbc.com time to read: +3 min

But I was eventually able to meditate on how to live a happy, regret-free life. Nestled in Denbighshire, Wales, St. Bueno's has been a retreat center since 1980. Photo: George JerjianBut during an exercise at St Bueno's, I was asked to think about what I truly had control over. Try this exercise: Write down all the great times in your life, or the moments you are most proud of. I had a lot of time alone at St. Bueno's to reflect on my life and the beauty of the nature around me.

Persons: Bueno's, George Jerjian Organizations: North Wales that's Locations: St, North Wales, Denbighshire, Wales

☆ Bob Iger’s biggest challenge at Disney: Finding the next Bob Iger
▼ + stars: | 2022-11-30 | by ( Frank Pallotta | ) edition.cnn.com time to read: +5 min

New York CNN Business —Bob Iger has a lot on his to do list in his second round as Disney’s CEO. Finding the next Bob Iger. Josh D’AmaroLet’s start with Josh D’Amaro, chairman of Disney’s Parks, Experiences and Products, who took over that role from Chapek when he became CEO. Jimmy Pitaro & Dana WaldenThere also are two executives from Disney’s TV side: Jimmy Pitaro, chairman of ESPN and Sports Content, and Dana Walden, chairman of Disney General Entertainment Content. The next Bob IgerIs it even possible to replace Bob Iger?

☆ I retired, then 'unretired' 2 months later at the same company. I now have the best of both worlds.
▼ + stars: | 2022-11-05 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

Laurel McDowell retired in 2019, only to go back to her company two months later. But she didn't go back full-time — she only works 25 hours a week and can still enjoy her free time. Though I was passionate about my job, I wanted to reduce the time I was investing in my career. The company knew that I could understand firsthand how others at my same life stage felt about making a change. With the way Manpower has arranged for me to fit my work into my "retired" schedule, I have no compelling reason to think about a second retirement at all.

☆ Meet a couple who retired and then quickly went back to work because of sky-high inflation
▼ + stars: | 2022-10-16 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Stephen and Karen White retired in 2021, but then they rejoined the workforce. The couple made the choice to retire in the beginning of 2021 after visiting Washington, but the pandemic's impact also played a role. After both officially retired in the summer of 2021, skyrocketing inflation pushed the couple to walk back their plans and go back to the workforce grind. Stephen went back to work in education. "Workers who say they've retired regularly return to work after some time away."

☆ A 35-year market veteran shares how he perfected a strategy to hedge against higher interest rates as the Federal Reserve works to stop inflation
▼ + stars: | 2022-09-22 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Hedging against higher interest rates has been a winning strategy as the inflation fight continues. At his new firm, the market veteran used his background in options trading and started the Simplify Interest Rate Hedge ETF (PFIX). Bassman's strategy is simply to hedge against interest rates, which have risen dramatically this year as inflation runs rampant. "What I wanted to do was to find a product to offer people direct access to rising interest rates," Bassman told Insider. "The idea that rates go down and you buy this insurance policy — truth be told — is a better strategy," Bassman said.

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