• Michael J. Fox enters ‘second retirement’ due to declining health

    Michael J. Fox enters ‘second retirement’ due to declining health

    "Putting in a 12-hour workday, and memorizing seven pages of dialogue, is best behind me."
  • NY Fed operating chief Michael Strine to retire next year

    NY Fed operating chief Michael Strine to retire next year

    Michael Strine, first vice president and chief operating officer for the New York Federal Reserve, will retire early next year, the New York Fed said Thursday. Strine, who is an alternate voting member of the US central bank’s policy-setting Federal Open Market Committee, will retire on Feb. 28, 2021, when he completes his current term. …
  • Neiman Marcus executives face retirement savings slash during bankruptcy

    Neiman Marcus executives face retirement savings slash during bankruptcy

    Hundreds of Neiman Marcus executives just learned they could lose a chunk of their retirement savings in the swanky retailer’s bankruptcy — and some are pointing a finger at their well-compensated boss. As part of an agreement with creditors, the Dallas-based luxury chain last week quietly proposed wiping out $120.3 million owed to 430 current …
  • Rapper Logic explains retirement, shares photos of wife and baby

    Rapper Logic explains retirement, shares photos of wife and baby

    Logic revealed he’s ending his music career at the tender age of 30 to be there for his family, sharing photos of his wife, Brittney Noell, and their baby Little Bobby. “Privacy with family is something that is very important to me me [sic]. However my fans have been my family since this all started …
  • Coronavirus stimulus bill offers relief for retirees

    Coronavirus stimulus bill offers relief for retirees

    Retirees and pre-retirees considering tapping their qualified retirement accounts to survive tough times just got a tax break. The recently passed $2 trillion stimulus law features loan provisions that are designed for anyone “who experiences adverse financial consequences as a result of being quarantined or being furloughed.” The law provides tax reduction benefits for those …
  • Can’t we dip into our retirement money at a reduced tax rate?

    Can’t we dip into our retirement money at a reduced tax rate?

    Dear John: I have been following you for over 25 years. Is there any chance the proposal that you wrote in 2004 about dipping into retirement money at a reduced tax rate could now be passed? It would stimulate the economy and generate tax revenue. In my humble opinion, we could be heading into a …