Retirement

Senior advocate group AARP joined Democrats on Thursday in opposition of rumored cuts to Medicare and Social Security, as President Obama and congressional leaders postpone talks on deficit reduction proposals.

Members of the NFL Players' Association executive board and team owners met for hours Thursday at a law firm in Manhattan, hoping another push could finally resolve the labor lockout that began in March.

Changes made by the Legislature will mean reduced pension payments for state and local government employees taking early retirement if they leave their jobs after Aug. 31.

Over the last 12 months, the U.S. Department of Labor and the Securities and Exchange Commission proposed several rules, regulations and legislation that will soon change retirement planning for allinvestment companies, employers and investors.

Illinois Gov. Pat Quinn is proposing canceling raises for thousands of state employees to help cope with the state's budget crisis.

For middle-income Baby Boomers considering when to retire, age is not an issue. It's their financial situation that determines whether and when they'll leave full-time work behind.