April 16, 2016 |
Roger Dennis, dean of the Thomas R. Kline School of Law of Drexel University, plans to retire in June of 2017, university provost M. Brian Blake announced in a letter to the faculty and staff on Wednesday. Dennis is the founding dean of the law school, which opened its doors in 2007 and he was instrumental in seeing it through the American Bar Association accreditation process, completed in 2011. Blake said Dennis agreed to stay while the university conducts a national search for his replacement.
April 15, 2016 |
James Levine, leader of the Metropolitan Opera in New York City since 1976, has announced his retirement, according to a statement from the opera company. The statement said Levine would retire after the current season because of health reasons. Levine, 72, was to have conducted a series of concerts in Philadelphia in February - his first such appearances here in 20 years - but had to cancel them. He has been battling Parkinson's disease and seeking to adjust his medications so he could continue to conduct.
April 14, 2016 |
Veteran stand-up Dave Attell, 51, claims he is close to retiring. "I'm way too old to keep doing this," he said. "The travel sucks, and I'm out of touch. I just saw a bunch of kids with selfie sticks, and I make fun of them. I don't even know how to use them. I'm pretty ancient. " By stand-up standards, Attell, who will perform Friday at Bethlehem's Musikfest Cafe, is fairly young. Don Rickles, who is approaching 90, is on tour. George Carlin once said comedy was something a comedian could do until he died.
April 13, 2016 |
THEY SAY that a referee is happiest when he can call a game and get out of the gym without anyone recognizing him. That never really was the case with Joey Crawford. He often drew attention to himself, whether it was because of the two technical fouls he called on Tim Duncan in 2007 for laughing on the bench, or the time he sprinted from the baseline to the foul line to strip the ball from Kevin Durant just before a foul shot to get something straight at the scorer's table. It didn't help matters that it was Game 5 of a 2014 first-round playoff matchup between Oklahoma City and Memphis.
April 13, 2016 |
HARRISBURG - With barely two weeks until the primary election, and with some ballots already printed, the Wolf administration has agreed to delay a planned ballot question asking voters if the state should raise the mandatory retirement age for judges. The question on whether to allow judges to retire at 75 rather than the current 70 will be moved to the Nov. 8 ballot, said Jeff Sheridan, spokesman for Gov. Wolf. The eleventh-hour switch was pushed by Republicans who control the legislature and who were unhappy about the wording of the question.
April 8, 2016 |
We naturally assume that our money managers, our financial advisers, our brokers have our best interests at heart, what's known as a "fiduciary" duty. If not ours, whose best interests are they representing? Well, by law, many of them weren't required to give our interests top priority - until now. The U.S. Department of Labor issued final rules Wednesday that hold financial advisers to a fiduciary standard if they work with retirement savings. That means they must work on their clients' behalf and generally avoid conflicts of interest.
April 7, 2016 |
HARRISBURG - Three weeks before the polls open, Pennsylvania legislators want to halt plans to let primary voters decide whether to raise the mandatory retirement age for judges from 70 to 75. Republicans who control both chambers want to move the question from the April 26 primary to the Nov. 8 ballot. A key House committee passed a resolution Tuesday to postpone the ballot question, and the matter could come up for a vote on the chamber's floor as early as Wednesday. The Senate is expected to follow suit.
April 4, 2016 |
Older individuals are reinventing themselves by going back to the classroom. And in college-rich Philadelphia, they and their tuition dollars are welcome on campus. Some are like Howard Magen, a retired CPA who audits classes he loved during his original college days. Others are baby boomers facing retirement who want that longed-for degree before they run out of time, or to stay competitive in the workplace. Take Wanda Amaro, a human-resources executive who is earning her bachelor's degree at age 53. Many colleges offer low-fee or even free classes for seniors.
March 28, 2016 |
Many homeowners today choose to retire, or are obliged to, before they have fully paid off their mortgages. With their incomes reduced, the required monthly mortgage payments can become burdensome. If a balance is not too large relative to the value of the home, it can be paid off with the proceeds of a home equity conversion mortgage (HECM), the reverse mortgage offered by the Federal Housing Administration, which has no required payment. If the borrower is 62, the balance of the old mortgage cannot exceed 50 percent of the value of the home; the cutoff rises to about 68 percent for a borrower age 87. The conversion of a standard mortgage to a reverse mortgage is not for everyone.
March 14, 2016 |
Among the country's big Wall Street firms, senior-level African Americans financial advisers are rare, says Ajamu Loving. And he would know, being an adviser of color with a doctorate in financial planning. "I heard 7 percent of astronauts who traveled into space were black," says Loving, recalling an event featuring African American astronaut Leland Melvin in Tampa, Fla., last year. "It struck me that was better than the number of financial planners of color. " It's a stark reminder for a community that's challenged by the lack of diversity and a wealth gap, but that has the same need as everyone to save for retirement.