Poll: Older ex-cons have fewer sources of retirement income

CHICAGO (AP) — While many Americans his age are planning for retirement, Joseph Rodriguez is looking for his first permanent job. Rodriguez, a 51-year-old Chicago resident, spent 35 years in prison for fatally shooting two people. “I don’t have the luxury to even think about that (retirement) since I’m having…

States pursuing plans to help workers save for retirement

CHICAGO (AP) — States are moving forward with new initiatives to help workers save for retirement, even as the Republican-led Congress tries to block​​​ rules making it easier for them to do so. Studies show a sharp divide in retirement savings between those who have employer-sponsored plans and those who…

Growing number of Americans are retiring outside the US

Newly widowed, Kay McCowen quit her job, sold her house, applied for Social Security and retired to Mexico. It was a move she and her husband, Mel, had discussed before he passed away in 2012. “I wanted to find a place where I could afford to live off my Social…

For some low-income workers, retirement is only a dream

CHICAGO (AP) — It was a striking image. A photo of an 89-year-old man hunched over, struggling to push his cart with frozen treats. Fidencio Sanchez works long hours every day selling the treats because he couldn’t afford to retire. The photo and his story went viral and thousands of…

Kids leaving home doesn’t always lead to parents saving more

CHICAGO (AP) — Raising kids costs a lot of money, so when they finally strike out on their own it stands to reason that parents would have more money to spend, save or invest. How they spend that money can have large consequences for their retirement security. A report by…

Women more likely than men to face poverty during retirement

CHICAGO (AP) — During their working years, women tend to earn less than men, and when they retire, they’re more likely to live in poverty. These are women who raised children and cared for sick and elderly family members, often taking what savings and income they do have and spending…

Many opt to take Social Security before full retirement age

CHICAGO (AP) — Taking Social Security benefits early comes with a price, yet more than 4 in 10 Americans who are 50 and over say they’ll dip into the program before reaching full retirement age. An Associated Press-NORC Center for Public Affairs Research poll released Thursday found that 44 percent…

Poll: Age, income factors in staying with single employer

CHICAGO (AP) — A new poll says more than 40 percent of America’s baby boomers stayed with their employer for more than 20 years. But it’s unlikely that their children or grandchildren will experience the same job tenure. The survey of more than 1,000 Americans 50 and older by the…

For some, leaving workforce continues years after retiring

BOULDER, Colo. (AP) — The transition from employment to retirement used to be marked by a date on a calendar, along with some sheet cake, and a maybe a gold watch. Those days are long gone for most workers in the United States. Today, the journey toward complete withdrawal from…

For some, desire to work past 65 can often be problematic

YPSILANTI, Mich. (AP) — Earl Johnston was 12 when he got his first job, a paper route that he quickly expanded by “buying out” additional routes from other, less industrious boys. After high school, he enrolled in a program to become an industrial electrician. “With that journeyman’s card in my…