Retirement

The State of Things
12:05 pm
Tue December 16, 2014

NC's Longest Serving Congressman Comes Home

Frank Stasio talked live with Congressman Howard Coble 12/16/2014.
Ivan Saul Cutler Governor Morehead Forum for Economic Development

  At 83, Congressman Howard Coble is retiring and leaving Capitol Hill after 30 years. 

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Politics & Government
8:31 am
Wed July 23, 2014

'A Consummate Professional': Lawmakers Celebrate Retiring Special Counsel Gerry Cohen

Gerry Cohen, on the right, chats with lawmakers at his farewell party at the General Assembly.
Credit Jorge Valencia / Gerry Cohen

One of the most respected and beloved figures at the General Assembly is about to retire.

Gerry Cohen will soon finish his current job as the special counsel for the state legislature, where he was first hired as a staff attorney back in 1977. Later, he became head of the bill drafting division, where his encyclopedic memory and reputation for fairness made him a favorite among Democrats and Republicans alike.

Gerry Cohen’s office at the state legislature is filled with boxes of mementos and papers dating back several decades.

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Business & Economy
8:54 am
Tue April 29, 2014

Baby Boomers Worry About Their Nest Egg

A survey from PNC Financial shows that many retirees are worried about having enough money to live on.
Credit TaxCredits.net, “Retirement” / Flickr

Baby Boomers have less financial security in retirement than their parents did. That's according to a PNC Financial survey.

The company recently surveyed about 1,200 adults across the country and found that half of retirees are worried about running out of money.

Kathy Kraeblen is a senior wealth advisor for PNC in Raleigh. She said previous generation had a combination of a pension, social security and better savings habits, and they didn't live as long. But, Kraeblin said, Boomers can still learn to budget and re-adjust their investments.

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Business & Economy
9:34 am
Fri April 25, 2014

Tar Heel State In Bottom-Third Nationally For Financial Literacy; What We're Doing About It

The North Carolina Bankers Association has set up a new center to develop curriculum that can help state residents better manage their finances.
Credit Kenteegardin / Flickr

Banks, businesses and non-profits are joining forces to help North Carolianians take control of their money.

A report from the finance web site WalletHub found that the Tar Heel State ranks in the bottom-third nationally for financial literacy.

Jan Dillon is the director of the new North Carolina Center for Financial Literacy.  She said financial literacy is knowing the skills to live comfortably within one's means, like budgeting, saving and planning.

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Pension
8:14 am
Wed December 18, 2013

State Treasurer Reforms Pension Investment Policies

North Carolina State Treasurer Janet Cowell is implementing transparency reform policies for contractors who manage investments for the state pension fund.
Credit nctreasurer.com

The State Treasurer's office is putting transparency reforms in place for contractors who manage some investments for the state pension fund.

The pension fund is worth about 83-billion dollars.

Treasurer Janet Cowell says independent reviews of NC Retirement Systems showed that until 2009, some managers hired third-party brokers, or “placement agents” to arrange investments, often without disclosing to the state.

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The State of Things
10:54 am
Tue March 26, 2013

Jill McCorkle's First Novel In 17 Years Examines Love And Mortality

Jill McCorkle
Credit Tom Rankin

Jill McCorkle's first novel in 17 years, “Life After Life” (Algonquin/ 2013), is set in a retirement community. There, the dying grapple with life and death in humorous, dark turns. One character moved to the area to be close to the grave of her former lover. Another fakes dementia to avoid having to deal with his adult son. Jill McCorkle joins host Frank Stasio to talk about her newest work.

The State of Things
10:22 am
Thu March 14, 2013

Second Journey Seeks To Redefine Retirement

Bolton Anthony
Credit secondjourney.org

Baby boomers are coming of retirement age at a rapid pace. The ordinary path forward would be golf, retirement homes and taking it easy, but Bolton Anthony, founder of Chapel Hill non-profit Second Journey, wants to change that conception of old age. He wants the hippies of the ‘60s to become the idealists of the new millennium.

Host Frank Stasio talks to Bolton Anthony about his ideas for changing retirement.

Politics & Government
9:30 am
Wed June 20, 2012

NC Pension System One Of Nation's Best Funded

Pew Center on the States
Pew Center

North Carolina is one of only four states to have funded its pension obligations over 95%. The latest report from the Pew Center on the States finds that most states are falling further behind in their contributions to public employee retirement funds.

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Law
6:00 pm
Tue April 5, 2011

Bill Would Block Retirement Benefits For Felons

A bill in the North Carolina house would prohibit state employees from receiving retirement benefits if they are convicted of a felony. The measure would apply only to those who are convicted of a crime that took place while working for the state. The crime would also have to be directly related to the individual's office or employment. Republican Representative Julia Howard of Mocksville is one of the bill's sponsors. She says she and others hope a penalty would prevent some crimes from being committed:

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