Retirement

Recent fires, floods, and extreme heat events are demonstrating that climate change is here—now—not some day in the distant future. How could that realization impact your retirement plans? Any concern you might feel about climate change could depend in part on your age. A recent survey conducted by the Society of Actuaries (SOA), titled “Financial
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Companies that have been severely impacted by the pandemic have turned to early retirement offers as a way to reduce their workforce. If your employer has a defined benefit pension plan, your offer may include the option of selecting a monthly pension paid throughout your lifetime or a single lump sum distribution of approximately the
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It’s no secret that America’s struggling public pensions are a hot mess. Lack of comprehensive state regulation; the failure of legislative oversight; lay boards lacking investment experience; Wall Street donations to the campaigns of corrupt influential politicians and law enforcement indifference, all contribute to the morass. It seems, on the one hand, no one with
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“Simplicity is the first cousin of contentment,” said John Stott. Whether it is a toppling stack of bills to be paid, an ungainly balance sheet to be managed, an overflowing email inbox to be processed, or a packed calendar to be hurried through, complexity rarely leads to a state of contentment. Have you noticed that?
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By Chris Farrell, Next Avenue You probably heard: Meghan McCain is leaving ABC ‘s “The View” after nearly four years. Among her reasons for quitting is that COVID-19 “has changed the world for all of us,” she told The Guardian. “It’s changed the way I’m looking at my life, the way I’m living my life, the
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By Lyle Solomon, Next Avenue As you save for retirement, it’s beneficial to know how much to save and whether you’re on the right track. Everyone’s situation is different, of course, but there are some useful retirement benchmarks that can give you a sense of how you’re doing to reach your goals. After comparing your numbers to the benchmarks,
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Congressional Democrats are expected to include a broad expansion of traditional Medicare benefits— including dental, vision, and hearing—in a $3.5 trillion social spending bill they’ll consider later this year. The move would be the biggest expansion of Medicare since Congress added a drug benefit in 2003 and would go a long way toward improving the
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Representative John Garamendi (D-CA) recently introduced a new bill that could change how the Social Security cost-of-living adjustments are calculated. The bill titled “Fair COLA for Seniors Act of 2021” would require the Consumer Price Index for the Elderly (CPI-E) to calculate what could be described as a fair Social Security cost-of-living adjustment for the
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