By Andy Fixmer - 2012-06-02T00:13:31Z

Retirement isnt suiting Phil Jackson a second time any better than it did the first.

The 66-year-old former coach, who won a record 11 National Basketball Association championships with the Chicago Bulls and Los Angeles Lakers, has mended physically since his final season in 2011 and misses the game, according to Jeanie Buss, the Lakers executive who oversees business operations and is Jacksons girlfriend.

When a player leaves the game, its just such a loss in their life, Buss said in an interview. Phils in that situation. Hes not a good person to be retired. He doesnt build ships in a bottle.

Jackson has spent most of his adult life in the sport. Drafted in 1967, he played 12 years with the New York Knicks and New Jersey Nets, then coached the Michael Jordan-led Bulls to six championships in the 1990s, retiring for a first time after the 1997-98 season. He came back a year later to coach the Lakers, gathering five trophies with Kobe Bryant.

Jackson turned down an offer to return to the NBA in a front-office role with the Orlando Magic, the Orlando Sentinel reported yesterday, citing an intermediary, former player and coach Sam Vincent. He has decided on another opportunity, the newspaper reported.

Todd Musburger, who represents Jackson, didnt respond to a phone call seeking comment after business hours in Chicago.

The physical ailments that slowed Jackson in his final seasons with the Lakers shouldnt be an obstacle to his return, Buss said in the interview at the teams practice facility in El Segundo, California.

Jackson, whose medical past includes back problems, a 2003 heart angioplasty and two hip replacements, had a knee ailment that caused him to gain weight in his final season, she said. The knee was replaced and he has lost weight, she said.

Is he driving me crazy? Yes, Buss said. Physically hes probably better than he was in the last few years. Physically I think he could, but does he want to? I have no idea.

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Phil Jackson Restless in Retirement, Lakers’ Buss Says

(credit: Photo by Gregory Shamus/Getty Images)

BOSTON (CBS) The reality is you need to plan for the soft side of retirement as well as the financial side. I have heard from many listeners who have flunked retirement.

Retirement Isnt All Fun And Games

Many people fantasize about leaving their jobs and having the good life, a better life in retirement than what they have now! This is the biggest myth of all.

Like so many of our other fantasies we want this time in our life to be perfect. We will have retirement 24/7. That is like living a month of Saturdays. So what are you going to do with all of your Saturdays?

What about your spouse? If youre heading into the sunset coupled, what does your spouse want to do in retirement? According to Sara Yogen, author of For Better or For Worse but Not for Lunch, retirement 24/7 with your spouse may actually be a marriage wrecker.

Long before retiring, 5 to 10 years out, start talking about what you really would like to do. Its a process and should be fluid and you should be flexible as well. Communication is key to surviving retirement with a spouse.

How do you want to spend your time and where do you want to spend your time? Get a calendar and fill in the days with what you want to do. Playing golf three times a week may not be financially possible. Babysitting the grandkids is not what you signed up to do either.

Build a social network outside of work. Find a new reason to get up every morning. When you worked you had a reason to get up. Now what do you want to do with the rest of your life? Volunteer? School? Travel? Play? Garden?

If you are coupled, look to do things independent of each other, pursue different interests. Dinner conversations will be oh so much better. I know at times its hard if you have just one car. But set up a schedule and be sure you honor each others need of independence and the car keys.

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Retirement Isn’t All Fun And Games

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31-05-2012 12:16 Nick Lidstrom Announcing His Retirement From The Detroit Red Wings After 20+ Seasons. May 31st 2012, 05/31/2012, May/31/2012. Accompolishments: - 4 Time Stanley Cup Champion - Olympic Gold Medal In 2006 - Conn Smythe Winner - 7 Time Norris Trophy Winner Stats: - 264 Career Goals - 1142 Career Points - +450 Rating Going Down As One Of The Best Defenseman Of All Time Behind Bobby Orr.

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Nicklas Lidstrom Announces Retirement. Press Conference. May 31st 2012 - Video

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31-05-2012 13:02 Sad day for Detroit and the entire hockey nation. One of the greatest defenceman of all time, Nick Lidstrom, announced his retirement after 20 seasons with the Red Wings during a press conference on May 31st 2012. #ThankYouNick Subscribe for more NHL 🙂

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Nicklas Lidstrom Retirement Announcement - May 31, 2012 - Video

Amid all the gloom and doom about forced retirement, skyrocketing healthcare costs and nest egg-cracking financial markets, there's another threat facing baby boomers: future tax liabilities.

The generation that has depended solely on 401(k)s and tax-deferred individual retirement accounts may not realize how much of a tax hit it will take when it starts withdrawing the money and living on it.

With the prospect of rising tax rates after the Bush tax cuts expire, some retirees could find themselves paying even more in taxes than they did when they were working. "It continues to surprise our clients that taxes are that big of an expense in retirement," says Mark Davis of SunTrust Investment Services, Inc.

He estimates that clients who optimize retirement withdrawals to minimize their taxes can end up with as much as 33 percent more to spend in retirement years than they would if they ignored the impact of taxes.

How to do that? Here are a few options.

-- Build a tax-diversified portfolio going in. If all your savings are locked away in a 401(k) or tax-deferred IRA, you will end up paying income taxes on all your withdrawals. It's better to have other accounts to pull money out of.

To really optimize your post-retirement withdrawals to minimize taxes, it would be good to have a tax-deferred account, a tax-free account (such as a Roth IRA or a healthcare savings account) and a regular taxable investment account. You can use the taxable account to take capital losses as they occur, and to keep income taxed at lower capital gains and dividend rates.

-- Consider taxes as you decide when to start your Social Security benefits. That's a complex consideration, so it's best to have an expert with a spreadsheet help you. The basic issue is this: Many advisers recommend that you delay starting your benefits as long as possible, to maximize the monthly payments you'll ultimately receive. But if you have to withdraw money from a tax-deferred account to live on while you're waiting to start Social Security, that could backfire. If your combined marginal state and local tax rate is 35 percent, and you're deferring $20,000 in Social Security, that could conceivably cost you as much as $7,000 a year to defer those benefits.

-- Know your limits. It's good to know your tax bracket and whether or not you are on the verge of being in a higher or lower bracket. For example, the 25 percent federal tax bracket starts at $35,350 in income ($70,700 for couples filing jointly)and runs all the way up to $85,650 for single filers and $142,700 for joint filers. If you have multiple accounts, you can finesse your withdrawals to keep your marginal income below a bracket line.

-- Don't forget Social Security taxes. It is likely, though not certain, that you will have to include a portion of your Social Security benefits into your taxable income. If your income, including 50 percent of your benefits, exceeds $25,000 for singles or $32,000 for couples, then half of your benefits will be taxable. Once that figure exceeds $34,000 for singles and $44,000 for couples, 85 percent of your benefits would be taxable. That means you could end up giving back as much as 21 cents in taxes for every dollar in benefits you collect.

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Stern Advice: Tax apocalypse in your retirement account

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29-05-2012 23:11 http QUALICUM BEACH - Canadian's looking to retire have a big attraction to a small Vancouver Island town. Statistics Canada has crunched more numbers from the last census, and British Columbia is showing its age. Seven of the top ten retirement communities in the country are located on the west coast , and the place with the biggest population of seniors is Qualicum Beach. The small town on the sea boasts the greatest number of worldly Canadians per capitia with 47 per cent of the population over the age of 65. The average Canadian town has around fifteen per cent of its citizens able to collect on a seniors discount. The elderly population does pose challenges. Last year the regions secondary school almost shut down due to a lack of enrolment. School board officials said their were so few young families in the area because it was difficult to find work in the sleepy retirement community. Follow Scott Cunningham on Twitter:

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Statistics Show Qualicum Beach has Oldest Population in Canada - Video

Changes for the nearly 500,000 people in the S.C. Retirement System would not take effect until Jan. 1, according to the latest proposal to pass the House of Representatives.

The proposal is an attempt to fix the Retirement System, projected to run out of money. Accountants say the fund will fall $15 billion short of meeting its obligations a deficit that would grow larger each year. Taxpayers would have to make up the difference. Ignoring the problem also would hurt the states credit rating, meaning it would cost the state more to borrow money in the future.

To fix the deficit, state accountants say lawmakers have to make changes to the Retirement System that affect current employees and retirees difficult to do in an election year.

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Both the House and the Senate have passed sweeping proposals to change the retirement system. The original House plan would have paid state workers less once they retired. The plan passed by the Senate would require state employees to work longer before they retire.

Wednesday, the House attempted a compromise between those different plans to mixed results.

Were going in the right direction, said Carlton Washington, executive director of the S.C. Association of State Employees.

Its horrible, said Wayne Bell, president of the State Retirees Association of South Carolina.

Current state workers like the House compromise passed Wednesday because it would not affect the amount of their future retirement benefit checks. It also keeps the controversial TERI program available to current workers, allowing them to earn a paycheck and a retirement check at the same time for up to five years.

However, if retired state workers continue to work after the five-year TERI period, their retirement checks would stop once they earned $10,000 in salary in a year. The retirement checks would start again the following year but only until they reach the $10,000 cap.

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Retirement system compromise attempted by SC House

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28-05-2012 22:36 Jason "Mayhem" Miller announced his retirement on The MMA Hour on Monday. He also said what happened backstage at UFC 146.

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Jason "Mayhem" Miller Announces Retirement - Video

SAN DIEGO, May 30, 2012 /PRNewswire/ -- LPL Financial LLC, the nation's largest independent broker-dealer* and a wholly-owned subsidiary of LPL Investment Holdings Inc. (LPLA), and Retirement Benefits Group ("RBG"), a highly specialized retirement plan consulting firm based in San Diego, CA, today announced the continued expansion of Retirement Benefits Group through the addition of five top retirement plan consultants to the firm. The five advisors - Matthew Haerr, Christine Soscia, Amir Arbabi, Peter Littlejohn, and William Brown - will provide retirement guidance to institutional clients in the areas of plan design assistance, compliance updates, and investment due diligence, as well as participant communication and education. These new advisor additions will be based out of the San Diego, CA, Akron, OH, Las Vegas, NV, and Idaho Falls, ID offices of Retirement Benefits Group.

Retirement Benefits Group is supported by the Retirement Partners division of LPL Financial LLC, which is focused on supporting retirement plan-focused advisors.

Darrell Alford, Principal of Retirement Benefits Group, said, "In an increasingly complex retirement landscape for participants, plan sponsors are looking for advisors with fiduciary expertise to help them choose plan structures and investment options that have the potential to offer greater retirement security for their workers. We are proud that Retirement Benefits Group has expanded over the years as a leader in this space by acting as just such a partner to plan sponsors. Our rapid growth continues with the addition of these five leading advisors who have many years of experience in the retirement plan space. With new offices in Idaho and Nevada, we now cover most of the western United States and will continue to expand east, even as we maintain our total focus on providing retirement plan financial advice that is second to none. Equally important, we are delighted to work with LPL Financial Retirement Partners, which has acted as a strong enabling partner in our ongoing growth."

Bill Chetney, Executive Vice President of LPL Financial Retirement Partners, said, "We congratulate Retirement Benefits Group for their continued successful growth as a leading firm within the retirement plan space. We are proud to be an enabling partner to Retirement Benefits Group and other advisor practices focused on this space as they work to help Americans realize their retirement aspirations, and we expect to see strong continued growth in this area."

Matthew Haerr has been a Financial Advisor for over 20 years. He has worked with company sponsored retirement plans, family and personal wealth management, and personal retirement planning throughout his career. Matt has helped business owners and corporations develop strategies for company retirement plans including 401(k), profit sharing and pension plans.

Christine Soscia has been in the financial services industry for over 15 years. She works with business owners in helping design, audit and implement employee benefit programs. Christine also specializes in working with business owners in the areas of strategic tax planning, wealth management, business planning, estate planning and succession planning.

With her primary focus on 401(k) plans, in 2004 Christine was one of the first to graduate from the 401(k) Coach program. In 2006, she purchased a TPA firm and managed more than 160 plans. She has appeared on CNBC and Fox Business and has been quoted in various financial publications. Christine holds Series 63, 7, 24, and 66 registrations with LPL Financial and Life and Health licenses and is a founding member of the Professional Business Advisor group in Las Vegas.

Amir Arbabi assists companies on plan design, fiduciary oversight and investment due diligence. Utilizing his years of experience with retirement planning, Amir creates customized plans to meet his clients' unique goals and needs. In addition to his expertise in plan consulting, Amir has extensive knowledge of wealth and investment management from his training at firms such as Merrill Lynch and Morgan Stanley Smith Barney.

Peter Littlejohn joins the Retirement Benefits Group as the practice leader in the Midwest, currently domiciled in Akron, Ohio. Peter has over 27 years of retirement plan experience, most recently at Highmark Capital Management in San Francisco, where he led the DCIO advisory business beginning in 2009. Earlier he led retirement businesses at Ivy Funds, Wells Fargo, Strong Capital Management and Cigna Retirement and Investment Services, where he was responsible for sales, marketing, client service and strategic development.

About Retirement Benefits Group Retirement Benefits Group ("RBG"), one of the premier retirement plan consulting groups in the country, offers access to brokerage and related retirement-plan services to corporations, governmental agencies, non-profit organizations and their employees through LPL Financial. RBG, which is headquartered in San Diego, CA with additional offices in Irvine, Riverside, Westlake Village, CA, Phoenix, AZ, Gresham, OR, Las Vegas, NV, Idaho Falls, ID, Temecula, CA, Akron, OH, and White Plains, NY, consults on more than $7 billion in retirement plan assets. Visit http://www.rbgnrp.comfor more information.

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LPL Financial and Retirement Benefits Group™ Announce Addition of Five Top Retirement Consultants to Retirement ...

LOS ANGELES--(BUSINESS WIRE)--

Transamerica Retirement Services announced today that it has received DALBARs prestigious Seal of Excellence for its plan sponsor and participant websites for the eighth consecutive year. DALBAR awards are recognized as marks of excellence in the financial community.

Transamerica excels at providing the best online experience in the most accessible and effective way possible, said Stig Nybo, president of Transamerica Retirement Services. DALBARs recognition shows that we are harnessing todays technology to develop industry-leading tools that offer added value to our clients.

For nearly a decade, Transamericas plan sponsor and participant websites have received distinct recognition of improvements and innovative new features. For participants, Transamerica offers plan participants access to account information via mobile devices, as well as 24/7 education via the online Transamerica Institute for Retirement Readiness. For plan sponsors, Transamerica offers Total Plan Management, which brings together three vital aspects of retirement plan fundamentals education, fiduciary and annual review to help sponsors assess and identify specific plan needs, set goals and take action to enhance their plans overall success.

Transamericas recent Seal of Excellence award comes on the heels of its plan sponsor website earning the Excellent designation and the top position in DALBARs analysis of provider websites for the ninth consecutive calendar quarter. Each quarter, DALBARs WebMonitor identifies and recognizes industry-leading websites that achieve a top-ten ranking. Websites are scored on results from DALBAR website evaluations, and points are given for achievement in set criteria within the following five categories: functionality, usability, behavior centric attributes, content currency and consistency.

About DALBAR

DALBAR, Inc. is one of the financial communitys leading independent experts for evaluating, auditing and rating business practices, customer performance, product quality and service. DALBAR has earned the recognition for consistent and unbiased evaluations of investment companies, registered investment advisers, insurance companies, broker/dealers, retirement plan providers and financial professionals. DALBAR awards are recognized as marks of excellence in the financial community.

About Transamerica Retirement Services Corporation

Transamerica Retirement Services Corporation (Transamerica or Transamerica Retirement Services), which is headquartered in Los Angeles, CA, designs customized retirement plan solutions to meet the unique needs of small- to mid-sized businesses. Transamerica has more than 17,0001 retirement plans totaling more than $20 billion1 in assets. For more information about Transamerica, please refer to http://www.TA-Retirement.com.

1As of December 31, 2011.

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Transamerica Retirement Services Awarded with DALBAR Seal of Excellence for Top-Rated Websites