| Think Roth when saving through IRA
Q: I contribute to a 401(k) account at work. Does that mean I am not allowed to put money into an IRA? ---- David, OceansideA: For some reason, there is a widespread belief that participating in an employer-sponsored plan such as a 401(k) precludes you from making additional contributions to an individual retirement account. A study last year found that 48 percent of people surveyed thought that was the case. The better question is whether or not the money you put into an IRA is deductible. The Internal Revenue Service says that a single taxpayer who earns less than $50,000 can deduct the full $4,000 contribution that is allowed for tax year 2006. Partial deduction is allowed on income up to $60,000. .
Retirement? More of a pause, really
Dave Redmon doesn't see his retirement as an end to his work — in fact with so much to do, he said it's a wonder he ever had time for a job. "I'm hoping to get training as a Hospice volunteer," said Redmon, 63. "I've got a feeling I could learn more from being around those who are thankful for every precious minute they have for unfinished business." Redmon was the editor of Keynotes, the newsletter for the North Central-Flint Hills Area Agency on Aging, a not-for-profit organization that plans, coordinates and sponsors services in 18 counties to help older Kansans and their families. Keynotes is published five times annually. Redmon officially retired on April 12, after putting out 35 editions. .
Chiefs guard Shields announces retirement
Kansas City guard Will Shields is retiring after 14 NFL seasons, during which he made a record 12 Pro Bowl appearances. The 35-year-old announced his decision on his Web site -- www.willtosucceed.org -- Sunday. He said the physical requirements of football had become more difficult with each passing day. "The decision to hang up my cleats has not been an easy one to make for me, but one I knew I would eventually have to make," Shields wrote. "Today, I am letting everyone know that I am putting away my pads." Shields, who made a team-record 224 starts, made his 12th Pro Bowl appearance last season to tie the record held by Minnesota guard Randall McDaniel. He was a third-round draft choice out of Nebraska in 1993. A team spokesman said Sunday night the club was not aware of Shields' announcement.
Health Care and Workplace Companies, take note: Older workers want ...
A recent job fair teemed with the AARP crowd; nearly 3,000 of them filtered through in a four-hour period. The number surprised even folks at the local chapter of the AARP, formerly the American Association of Retired Persons. The organization changed its name to the capital letters in 1999 because it realized that most of its members still work. In Nevada, many still want to continue working. At the same time the AARP chapter co-sponsored the job fair on March 28, it also was talking about the results of its first-ever study on members' attitudes toward work. "AARP Nevada Survey of Members: Work and Retirement" is based on surveys of 2,000 random AARP members across the state. Fifty-six percent were in Clark County, 15 percent were in Washoe County and the rest were split among rural areas.
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