We talk with a financial planner about why so many middle-class Americans says they'll never be able to retire. We also check in how Chicago's Bulls, 'Hawks and Bears are faring. And, a look at the connection between race, class, and fashion.
In the boom years, retirees could depend on real estate to bankroll their retirement. But sinking property values have changed the equation for “last-time” owners, retirees and seniors looking to sell their homes.
Since the market collapsed in 2008, plenty retirement-planning Baby Boomers have reconsidered their plans. And many recent retirees have been forced back to work. The old social contract is eroding, and the implications are scary.
Illinois U.S. Congressman Jerry Costello announced today he won't be seeking re-election next year after 23 years in office.In a press conference on Tuesday, the 62-year-old downstate Democrat insisted he never intended to be
The president of the Illinois Senate says he wants lawmakers to consider taxing income earned by retired people in the state. State Sen. John Cullerton, D-Chicago, said that doing so could raise up to $1.6 billion.Currently, most retirement income is not taxed by Illinois.