February 27, 2013
Pope Benedict XVI retires Thursday, and he leaves the workplace the way many of us would like to - on his own terms. He wasn't laid off at 50 with few transferable skills, required to retrain or reinvent himself and then compete for work with people half his age. His job wasn't outsourced (although the conclave set to choose his successor may elect someone from another country to do his job). He is 85, but he didn't have to keep working because the recession wiped out his meager 401(k)
January 2, 2013
I must disagree with letter writer Neil L. Bergsman's view that high taxes don't drive people out of Maryland ("Tax rates have a negligible effect on people's decision to move out of state," Dec. 29). My wife and I retired from the federal government, and it puzzles us why Maryland is taxing our retirement income when states like Texas and Florida do not tax retirement income or Social Security benefits. Maryland is not a tax-friendly state for retirees, even though Social Security benefits are not taxed here.
February 16, 2012
I grew up in Baltimore, attended school here, and after graduating Hopkins, moved to New York City. I've spent my adult life working in New York, and I'm thinking of retirement in several years. The excitement and glamour of New York are counterbalanced by the high cost of participating in that excitement and glamour. Then there's the astronomical rents. Rents in Baltimore are retiree-friendly. There's the symphony, art museums and my extended family who live here. I am seriously considering Baltimore.
April 7, 2011
In its coverage of the reactions to the negotiated changes to the state's pension plans ("State workers decry new pension plan", April 6), the changes described the financial help given to state employees due to the increase from 5 to 7 percent in their withholdings for pension contributions. Not mentioned in this increase is that deductions are pretax and part of the increased withholding will be offset by a reduction of payroll withholding taxes to this increase. But we also read that employees will be receiving a $750 bonus to help "smooth the transition" to the new plan.
June 6, 2012
The IRS and Maryland's comptroller are warning of a new scam that targets military personnel and retirees as well as civilian workers. The emails, which seem to come from the Defense Finance and Accounting Services, claim that recipients of disability compensation from the VA may be entitled to more money from the IRS. Not true. The email, which has a “.mil” domain, instructs recipients to send copies of their income tax returns, 1099-Rs, Retiree Account Statements, VA award letter to a colonel in Florida, officials say. With that kind of information, a con artist can steal an identity and wreak all sorts of havoc on a victim's finances.
March 14, 2012
In response to letter writer Susan Brown, I would like to offer her an invitation to visit Mays Chapel Park so she can get an idea what is involved ("Mays Chapel school would be an asset to the area," March 11). First, she will not see many school children in the area during the day, nor many school buses since it is an adult community around the park, and most people are retired. Second, she will see a 20-acre park that is busy this week because there are lacrosse games going on for school children from all over the area.