We apparently are living longer than we expect. That’s good news. Or it’s good news unless you underestimate the amount of retirement funds needed to live to a ripe old age. Then it’s bad news. A person 60 ought to note they’ll live to reach 82 if they’re male and 85 if they’re female. It’s …
Good News & Bad News — Retirees are Underestimating How Long They’ll Live Read More »
As part of the push to reduce the federal government budget, many in the Republican leadership in Congress said they want to look seriously at reductions in the nation’s bulky safety-net programs like Social Security and Medicare. Among the proposals floated by Republicans are lowering benefits for wealthier seniors, reducing cost-of-living adjustments and raising the …
Raising the Official Retirement Age? Most of Us Say NO! Read More »
The nation’s unemployment rate isn’t bad right now. For the last several months it has been low and in December the rate was 3.5%. For the insurance industry the rate is sitting at around 2.1%. At least that’s according to a report issued in the third quarter of 2022 by The Jacobson Group and Aon’s, …
A Problem that Keeps Growing Worse — Replacing Workers that are Retiring or Leaving Read More »
The U.S. government’s $1.7 trillion dollar spending bill just passed by Congress has something that needs business attention. Buried in that 4,155 page bill is a proposal to change how retirement plans work. It could have a huge impact on some employers. The plan is called the Secure Act 2.0. The idea behind the bill …
Congress Looking at Employee Benefit Laws — Retirement Plans Read More »
