October 14, 2014 |
Lawrence F. Brennan, 82, of Lindenwold, a former postal clerk in Cherry Hill, died of chronic obstructive pulmonary disease on Tuesday, Oct. 7, at home. Born in Mahanoy City in Schuylkill County, Mr. Brennan graduated from what is now Mahanoy Area High School in 1950 and served as a Navy gunner's mate from 1950 to 1954, part of that time in combat on a destroyer escort off Korea. He wasn't under fire, "but he did a lot of shooting," a son, Patrick, said. Mr. Brennan began his career with the post office in the late 1950s as a mail sorter in the Philadelphia headquarters, moved to the Cherry Hill office when it opened, and retired in the late 1980s from the Postal Service.
October 10, 2014
RETIREMENT is something I've increasingly been thinking about. My husband and I have set a goal of retiring once our youngest child finishes college in about eight years. We've talked about whether we might move. We know we eventually want to live close to our children when they start to have their own families. We both want to do full-time ministry work helping people with their financial problems. If you're married, I believe you should adopt the "two 'yesses' and one 'no' rule," which means you both have to agree to whatever major decisions you make, from buying a dining-room table to your retirement choices.
October 10, 2014 |
Msgr. Robert McDermott grew up on the 2900 block of Carman Street in the thriving East Camden of the 1940s and '50s, when family, faith, and community were a seamless whole. So when "Father Bob" returned to East Camden as pastor of St. Joseph's Pro-Cathedral Parish in 1985, he brought along the lessons he learned on Carman Street, where people kept tabs on each other's kids and nearby Dudley Grange Park was for athletes, not drug dealers. In 1985, "the conditions of life were terrible" for many East Camden families, says McDermott, 73, who retired last week.
September 24, 2014
HANOVER, Pa. - Two-time harness racing Pacer of the Year Captaintreacherous has been retired, trainer Tony Alagna said Monday. A 4-year-old, Captaintreacherous finishes his career with 23 wins in 33 races and $3.14 million in purses. His earnings rank No. 12 among all pacers in history. This season, Captaintreacherous won two of seven starts. He was scratched from the Canadian Pacing Derby in August. "Captain just hasn't been himself for the last several weeks," Alagna said.
September 24, 2014 |
Charles I. Plosser, president and chief executive of the Federal Reserve Bank of Philadelphia since 2006, announced that he will retire on March 1. "For more than eight years, I have had the honor to work alongside many talented colleagues here at our bank and throughout the Federal Reserve System during an extraordinary period in this nation's economic history," Plosser said in a statement. "After more than three decades of economic research and teaching, this has been a unique opportunity and privilege to serve the nation," he said.
September 22, 2014 |
Financial independence can mean being able to live on your own, feeling free to retire, or feeling free to work at something you enjoy without worrying about the size of your paycheck. J.D. Roth , founder of the Get Rich Slowly website, says in this post that he has boiled the subject down to a "one-page guide to financial independence" in the retirement sense. What does he suggest? A rather ambitious program to save money, and not just 10 percent or 20 percent of your income. "Your goal should be to save at least 50 percent of your income - and 70 percent is better," Roth says.
September 19, 2014 |
IT HAS been a legendary era. But at the end of this season, his 23rd at Penn and 33rd overall, Al Bagnoli will call it a career. Few coaches have accomplished more, in any sport. Understandably, the story line will center on him. Still, the last thing he wants is for that to be a singular theme. "Honestly, if it wasn't brought up all the time by you guys, I wouldn't give it two thoughts," said Bagnoli, whose team finally gets to play its opener Saturday afternoon at Jacksonville.
September 17, 2014 |
WHEN PEOPLE talk about retirement, it's often in the context of how much money they have to save for their senior years. People know or have heard enough that they need to factor into their retirement plan their cash savings, investment account holdings, Social Security and, if fortunate, any pension benefit. But what's often not emphasized enough is the importance of your family balance sheet. I thought about this as I read a new report from the Government Accountability Office about the increase in the number of older Americans who drag student-loan debt into their senior years.
September 12, 2014 |
Another former Philadelphia school principal has surrendered professional credentials in connection with a city cheating scandal. Arthur "Larry" Melton, retired principal of Bok High School, gave up his teaching and administrative credentials over allegations that he "violated the integrity and security" of standardized state tests "over multiple years," according to the state Education Department. Melton, 70, was the longtime principal of Bok, a career and technical high school in South Philadelphia that closed in 2013.
September 10, 2014 |
EVERY TIME one of my children says, "Back in your day . . . ," I wince. After watching an old black-and-white sitcom, my son actually asked me if there was color television back in my day. His sisters thought it was funny. Me? Not so much. I will say this: Back in the day, retirement was a lot less complicated. It was pretty much black and white - simple. I try not to curse, but seriously, retirement planning these days will take you there. Figuring out all the various parts and rules of Medicare alone requires a bottle of aspirin and some choice words.