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EU to Approve GE’s $17 Billion Alstom Deal

Regulators expected to finally green light purchase of power business<p>BRUSSELS—The European Union is set to approve General Electric Co.’s $17 billion acquisition of Alstom SA’s power business on Tuesday, two people familiar with the matter said, putting the U.S. industrial giant a step closer to …

Enterprise Tech

How to clean your car like a professional

There's more to the perfect car wash than just rinsing the grime off your ride.<p>There's a lot more to the perfect car wash than just rinsing the grime off your ride. We talked to professional auto detailer and founder of AMMO NYC, Larry Kosilla, for some expert advice. "To me, detailing is about …

The 5 Steaks You Should Be Grilling Now

<i>Welcome to our new weekly series On the Grill, where our Sunday Dinners columnist Tom Hirschfeld will be showing us how to grill everything from steaks to salads with confidence (and style).</i><p><i>Today: How to grill the perfect steak, soup to nuts: the 5 best steaks to grill, the 5 rules for cooking them</i> …

BBQ

TIME staff portrait: Mark Thompson

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Why You Should Care About Your Employees' Retirement Plans

The popular press is wrong about the decreased importance of company retirement plans in an employee’s financial planning. The fact that defined benefit plans have become increasingly rare does not mean that company retirement plans are less important to employees. Two things this past weekend …

The 4 Things You Should Do Before You Retire

Longtime <i>Washington Post</i> columnist and retirement expert Stan Hinden has said that preparing for retirement is like preparing for a long trip …

'It was a no-brainer to take the pension rather than the cash': Why lump sums don't add up for many with final salary pensions

By<p>Published: 17:06 EDT, 4 May 2013 | Updated: 08:49 EDT, 13 May 2013<p>e-mail<p>48View<br>comments<p>Hundreds of thousands of retirees risk being short-changed if …

Retirement

5 Expenses To Ditch In Retirement

<i>SPECIAL FROM Next Avenue</i><p><i>You’ll increase your savings and peace of mind by if you cut auto and insurance costs -- and quit footing the bill for your grown kids</i><p>By Catey Hill<p>Financial experts throw around a bunch of guesstimates about how much you’ll need to save for retirement, but one thing is …

Retire On Time, Make It Last: Here's How

It’s the single biggest question facing working Americans of all ages: Can I retire on time, and what will happen once I finally quit working?<p>Financial planners can sit you down and do a real work-through of every variable in your life — housing, health, kids, your lifestyle. But it helps to do the …

Should You Rent Or Buy A Home In Retirement?

By the time many of us retire we’ve become so accustomed to owning a home, that the idea of renting one might never occur to us.<p>But if you’re pondering a change of address in retirement, it’s worth considering all the angles of buying vs. renting, even if you haven’t been a renter since shag …

Five Truths That Make Saving for Retirement Less Scary

Let’s get the <i>really</i> scary truth out there: CNN estimates that half of Americans are saving nothing for retirement. Half of Americans aren’t saving a …

Retirement

Why You Should Pay Off Your Mortgage Before You Retire

Sure, interest rates are at historic lows and the math on the surface would suggest better returns by taking a huge mortgage and investing the rest in riskier assets. But that's just in theory. There are plenty of reasons to pay off your mortgage by the time you retire. Here are a few to</b> …

How Much To Withdraw From Retirement Savings

The question of the <i>right</i> amount of money to withdraw from your investment portfolio each year in retirement is an often-debated topic. And lately, there’s been some new thinking on this subject.<p>The “4% rule” – originated in the early 1990s by financial adviser Bill Bengen – says that if you …

10 Ways To Save Money Once You Retire

The financial experts are right, in principle. We do need a lot of money to retire, generally in the form of Social Security, plus pensions, 401(k) plans and IRA balances, as well as the value of the help we get from family and friends. But maybe we don't need quite as much as the experts would …

What a waste of money... What one in five pension holders think about their retirement savings

By<p>Published: 04:31 EDT, 13 June 2013 | Updated: 06:37 EDT, 17 June 2013<p>e-mail<p>50View<br>comments<p>Disillusionment with pensions has led to a worrying …

Retirement

Retire Well By Never Retiring At All: A Quick Guide

The media world is buzzing about retirement. We’re hearing about it now from people whose major mission used to be explaining housekeeping or the federal debt. Some British researchers, meanwhile, have concluded that working is good for your long-term health.<p>It’s important to remember that …

Can You Retire Now? Here's The Cheat Sheet

Legislators are considering whether to require investment firms to provide their clients with a lifetime income disclosure based on picking a target retirement age.<p>While Congress debates, the Department of Labor is on the move to make pension plans do the same. It should be said that many pension …

Boomers -- Will They Shun Retirement?

Boomers don't speak with one voice when it comes to retirement. Although about four in 10 admit that they can't wait to retire, just as many say they won't ever want to stop working. Even more expect to work in retirement. The media, policy analysts and worker advocates have zeroed in on the …

Retirement Planning: Make Your Money Last

Retirement planning is no longer just about accumulating a nest egg. It’s about optimizingwhat you’ve worked so hard to achieve, so you have reliable income <i>throughout</i> retirement – regardless of how long you live. This means the investment and savings strategies you used to accumulate wealth need to …

The Secrets Of 'How To Retire Happy'

One of the best parts about being a reporter is that you’re constantly learning.<p>And over my years, I’ve learned as much – if not more – from my fellow journalists as I have researching stories I’ve written.<p>Among my best teachers is Stan Hinden, a former financial writer for The Washington Post …

Plan For Financial Independence, Not Retirement

Here’s a holiday suggestion that only a personal finance blogger would make: While you’re celebrating Independence Day, take some time to nail down the day you want to become financially independent.<p>Declaring your Financial Independence Day is a better idea than trying to come up with “the number” …

10 Solid Reasons You Shouldn't Retire

<b>Like your job</b>. If you enjoy the work you are doing, there's no reason to leave just because you hit a certain age. "A lot of times, your job defines who you are and you take part of your identity through what you do for a living," says Dana Anspach, a certified financial planner and author of …

7 Retirement Decisions That Affect The Rest Of Your Life

<b>These retirement choices determine how financially secure you will be in retirement</b><p>The choices you make during your working years and at the beginning of retirement affect how comfortably you will live in old age. Here are some retirement decisions that will have a big impact later on in your …

'A lot of people don't realise the importance of shopping around for an annuity': How to find a big lift in retirement income

'My operation delivered a bigger pension payout that has us dancing with joy': How you can get a big lift in retirement income<p>By<p>Published: 17:03 EDT, …

Retirement